Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with BSC.Tools, on March 5th at 01.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Chris, CEO at BSC.Tools so here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks
Q1. Could you please introduce BSC TOOLS to our community in layman’s term?
Ans — BSC.tools is a set of trading and data analytics tools focused on decentralized exchanges on Binance Smart Chain (BSC), with an abundance of features that support you in tracking real-time data analysis, creating your own trading strategies as well as earning and increasing your profits, easily to use across platforms.
Q2. What are the advantages of BSC TOOLS to other alternatives in the Blockchain field?
Ans — We’re the first and most advanced Decentralized Finance (DeFi) dashboard that aims at supercharging your trading experience on Binance Smart Chain (BSC).
We crawl the data from our blockchain nodes ourselves, So we don’t rely on any external APIs — That what makes our tech more advanced than others.
Q3. What are the major milestones BSC TOOLS achieved so far & what are in the future pipeline?
Ans — We are trying our best to release basic-launch version on our launch date tomorrow of March 6th. The app will have:
Pair Explorer — brings all details of your favorite pairs in real time tracking.
Pool Explorer — gives you live and up-to-date data of any projects featured on BSC.
Multi Swap — allows you to swap multiple pairs at once and on a single browser.
For our full roadmap and features, you can see clearly in our overview below:
Questions Asked on Twitter For BSC. Tools Team!
Q1. Your website doesn’t do so much mention about the $TOOL token, just the supply, so can we know what will be the usage of this token?
Ans — The TOOLs token has the following planned and current use cases:
Liquidity mining: Users will be able to earn TOOLs token as rewards for providing liquidity.
Governance voting: TOOLS holders can vote on features that they’d like to see on our platform.
Membership Upgrade: BSC Tools is currently in open Beta. After the open Beta period ends, you will need to hold a set amount of tokens to access advanced features. Different membership tiers will be available in the future.
Payment: BSC projects will be able to use TOOLs to pay for sponsorships and advertisements on our platform.
Q2. how to participate in IDO? What are the benefits of participating? and which Exchange will list $Tools first?
Ans — $TOOLS will launch on LaunchPadX of BSCEX.org . We have a detailed tutorial in our @bscdottoolschat (I’m sorry it’s a liiiittle complicated to explain it here). After the IDO, the token will be listed on PancakeSwap
Q3. What are the main attractions of your feature called “GEM HUNTERS NETWORK”? Is there an algorithm used to find hot new project or is it just community collaborations?
Ans — The Gem Hunters Network is a place for those users that want to find new under-the-radar projects that can produce exceptional ROI.
Finding the right gem might be a difficult and time-consuming task for investors.
By leveraging our community, we can discover the next gems quicker and get on the train before the public.
This is the feature that we’re super excited about and will be sharing more about this soon.
Q4. What is your plan to strengthen and develop BSCTools community to increase more people to look at the product instead of price?
Ans — Our number one focus at the moment is making a great product for BSC users — as we learned the demand for the tool on BSC is really high. We also teamed up with other top BSC projects to cross-promote, partnered with KOLs (twitter, telegram, youtube) to spread the awareness. we are also doing lots of AMAs and giveaways in upcoming days.
Our $TOOLS holders also have rights to vote for their desired features, we also treasure the feedbacks to always improve our platform.
Q5. Cooperation and partnership is one of the most important issues to help develop a project. Can you tell us about your existing partnerships, the partnership plans, and what people can gain from these partnerships?
Ans — We are currently partnering with BSCex ecosystem and ezDeFi wallet. Both partners have been completing their ecosystem by expanding their product range and their partnership base. By partnering with them, we have strong allies with reliable connections to do cross-marketing strategies. Choosing the right partners help us gain good position to the public and good community exposure, our partnership shall also increase and improve our services to offer the best services to the community.
Moonwhale Ventures, Au21 Capital and other VCs that invest in us can provide many useful advices, means and funds to develop the platform and roadmap. In the end, users will be the ones who benefit from it.
Questions Asked by our BlockTalks Community Members during live Session to BSC.Tools Team!!
Q1. I observe that they already have the Beta of BSC TOOLS, but really how can I operate without even mentioning the total amount of available TOOLS tokens? When can we know that amount?
Ans — we have a total of 100,000,000 tokens, 67% of the total will be minted by liquid mining. This is a huge benefit for investors. Tokens of private and seed round are also locked. You can look at our detailed tokenomiced below
Q2. As marketing is the key and mentions in the big social media accounts are important ,how is marketing focussed with only few days for the token sale ?
Ans — we do have a marketing road map that goes along with the road map of the platform, not only focused on the day of token sale. Of course we have to push it before the public sale to gain more exposure and attention from new users. We think that our app is essential to anyone that’s trading on Binance Smart Chain.
Q3. What do you think is the biggest problem BSC.Tools will solve which is not solved by other projects and why is the problem important to solve?
Ans — We’re the pioneer on BSC and also has the most advanced DeFi dashboard that aims at supercharging your trading experience
The main problem that we will solve is to provide traders and investors with the possibility to monitor your favorite BSC pairs and create advanced trading strategies without having to search for the information in a wide range of non-standardized platforms and websites.
BSC.Tools shares with traders on-chain and live trading data from DeFi exchanges based on the Binance Smart Chain. In this way, users can get access to deep historical data, chart candles and the transactions that have been recorded on each of the platforms.
Q4. Do you have any new partneship recently? And what advantage of this partnership to the project?
Ans — A sneak peek for you guys :D we have a partnership with one of the most famous youtuber in the space of crypto. If you learn crypto a lot on youtube, 100% chance you’ll know him. Hint: he’s currently having 274k subs
Q5. Can you give # BSC Tools protocol unique features that are better than other protocols? and what lethal features can compare.
Ans — We have liquidity mining, yield optimizer, portfolio tracker, gem hunter network, Ethereum & Polkadot support planned in Q3, Q4 2021. And much more
Q6. One of the uses cases of the tool token says “ membership upgrade” so can you tell us how works your membership mechanism and how much levels or tier do you have?
Ans — yes $TOOLS holder can have access to our premium features, the exact amount of tokens of each tier has not been decided. We’d love to share more information about this soon