BlockTalks x StaysBASE AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with StaysBASE, on January 9th at 03.00 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 Luka, Chief Blockchain Developer & Jure, CTO at StaysBASE 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 StaysBASE to our community in layman’s term?
Ans — StaysBASE is based on the concept of Base Protocol, while taking it a step further!! While Base Protocol (BASE) is essentially a token whose price is pegged to the total market Cap of Cryptocurrencies; StaysBASE takes the concept further by bringing the The World Stock Market and Gold Market into the picture. StaysBASE is pegged on the average of the Cryptocurrency Market Cap, The World Stock Market Cap and the Gold Market Cap.
For example, let’s say
The Crypto market cap increases +10%
The Gold market cap increase +5% &
The World Stock market Cap decreases -3%
The average of the three = 4%
This means that there will be a 4% total Increase of the Supply of StaysBASE Token.
Q2. What are the advantages of StaysBASE to other alternatives in the Blockchain field?
Ans — The most significant difference between StaysBASE and other projects is that it reflects three different markets instead of just one.
It builds upon the foundation made from the original rebase protocols and upgrades it with the unique feature of being connected to three markets simultaneously (crypto, world stocks and gold). Daily movements are weighted out and the rebase calculation considers the average of all three markets to create a healthy foundation for the token economy.
The StaysBASE Protocol acts as a one-stop trading instrument which allows holders to speculate on the entire crypto industry, world stock market and gold market simultaneously, rather than just one token or a select portfolio of multiple. StaysBASE is supposed to be a more holistic reflection of all the three markets.
Q3. What are the major milestones StaysBASE achieved so far & what are in the future pipeline?
Ans — Right now we are in our private round to gather funds for the project launch .We have completed our seed round where we gained 100k$ in less than 4 hours, so we can see there is large demand for the project!
We are going live on 14.01. with the full platform and the first rebase will be conducted 24 hours thereafter. We will be the first IDO project on JulSwap and Binance Smart Chain so that is already a unique milestone on our roadmap.
Thereafter we will be enabling different staking possibilities for our users and also seek out new partnerships with other prospective projects in the cryptosphere.
Right now we are focused on the presale rounds and we invite all of you to take a look into the project!
Questions Asked on Twitter For StaysBASE Team!
Q1. If anybody think that your project really likes a scam project, and they can’t trust your project. How do you make them believe in your project?
Ans — Code is forked from BASE protocol which was audited by many third party companies. Also me and Luka as CEO and COO are owners of another DeFi coin which brings some more trust and additional investors. We have live twitter accounts with our pictures and we did some live on camera AMAs as well. I think all of this adds some additional trust to the project.
Q2. How is the Crypto, gold and world stock market cap determined? is it determined by your own method or do you use some third party source?
Ans — The base code is a fork of BASE protocol which has the same functionalities. The only question is how information for the rebase calculation is received in the contract. We will be using several different oracles for delivering data.
We are fetching data for crypto market cap from over 5 providers, namely: coin market cap, nomics, coin codex, coin paprika, on chain fx, live coin watch, coin lore, coin tracker
For the stock market: alpha vantage, polygon io, twelve data, yahoo finance and market stack
For the gold market: goldapi, metals api and rapid api.
Q3. From my experience, a lot of users exit Rebase Projects after the 1st negative rebase. So what distinctive features are the StaysBASE team bringing in as a solution to make users stay and be with the project for long term?
Ans — That’s why we’ve included the distinctive feature of being connected to three markets at the same time — with crypto, world stocks and gold being averaged out we believe we created a good fundamental basis for the token economy. Of course, systemic shocks can still happen — but we’ve mitigated this as much as possible with the “average” calculation method.
As we’ve also enabled the unique cascade system (a staking platform), which allows people to stake their LP tokens, liquidity should be quite stable as well in the long term — providing incentive for people to hold their tokens even more.
Q4. Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?
Ans — They will also be our partners for providing staking opportunities for our users and we will use their bridge product in the future to connect StaysBASE to other blockchains.
Our collaboration with Vox Finance will be used to provide first access to users on Ethereum to have a chance to receive SBS tokens in the private pool platform.
Q5. how many slots are available on the $SBS token presale this time then is there a minimum transaction to participate in the StayBASE presale and how do I make a payment during the pre-sale and where can I buy $SBS tokens?
Ans — We are currently in our private round, yes. We have already completed our seed round where we gained 100k$ in less than 4 hours, so we can see there is large demand for the project!
The minimum investment amount is 200 $ and the maximum is 20.000 $, so we’re also accepting entries from smaller buyers — we’d like to give everyone a chance to join.
Of course, private round buyers will receive a discount on the price, so make sure to visit staysbase.org/join if you’d like to apply to the whitelist :)
We will be running crowdfunding until 13.01. when the IDO will happen on JulSwap, the premier DEX on the Binance Smart Chain.
Questions Asked by our BlockTalks Community Members during live Session to StaysBASE Team!!
Q1. This will be my first #StaysBase rebase project. Will I need BNB in my address for the rebase to work properly? Does every rebase deduct BNB ?
Ans — You will require our native token, SBS, in your wallet during the rebase calculation. A rebase will either add or deduct a certain token amount from your wallet — depending if it is a positive or negative rebase, which is dependent on the average movement of all three markets — crypto, stocks and gold market capitalization.
Q2. Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Ans — The most significant difference between StaysBASE and other projects is that it reflects three different markets instead of just one.
It builds upon the foundation made from the original rebase protocols and upgrades it with the unique feature of being connected to three markets simultaneously (crypto, world stocks and gold). Daily movements are weighted out and the rebase calculation considers the average of all three markets to create a healthy foundation for the token economy.
The StaysBASE Protocol acts as a one-stop trading instrument which allows holders to speculate on the entire crypto industry, world stock market and gold market simultaneously, rather than just one token or a select portfolio of multiple. StaysBASE is supposed to be a more holistic reflection of all the three markets.
Q3. What are the tokenomics of StaysBase? What are the products and use cases of StaysBase? Also Who can buy & Where we can buy $SBS Token? Is $SBS token a utility token or security token?
Ans —
You can join our presale on https://staysbase.org/join
After the presale ends on 14.1 you will be able to buy tokens from JulSwap but at a higher price.
Q4. Can you give me killer features about your project to convince me and other big investors to invest in $your project for Long-term?
Ans — Rebase protocols have a unique long-term preposition and especially our platform — because of StaysBASE’s dependency to three different markets, namely crypto, stocks and gold, holders can speculate on the value of the token price before rebase calculations happen. This makes it interesting to buyers and gives it a unique purpose in the crypto market. Along with that, we will offer our “cascade” or staking platform where people will be able to stake LP tokens to receive even more rewards — locking in liquidity to provide lower slippage to DEX users.
I think the fundamentals of the project are more than beneficial to both early supporters and newcomes and should provide good long-term value for all investors.
Q5. Can you explain the roadmap of StayBase? What is your Long-term Vision ?
Ans — We are going live on 14.01. with the full platform and the first rebase will be conducted 24 hours thereafter. We will be the first IDO project on JulSwap and Binance Smart Chain so that is already a unique milestone on our roadmap.
Thereafter we will be enabling different staking possibilities for our users and also seek out new partnerships with other prospective projects in the cryptosphere.
We have quite a few innovative ideas prepared for Q1 and Q2 of 2021 and hopefully we can share them with you as soon as possible. Keep an eye out on our twitter for announcements.
Q6. Can you briefly describe what is StaysBASE in 3–5 sentences? And what is your Mission and Vision?
Ans — The StaysBASE Protocol acts as a one-stop trading instrument which allows holders to speculate on the entire crypto industry, world stock market and gold market simultaneously, rather than just one token or a select portfolio of multiple. StaysBASE is supposed to be a more holistic reflection of all the three markets. You will only require BNB in your wallet to pay for fees of the transactions (which only cost a few cents on Binance Smart Chain).
Q7. Can you share us some details about the partnership with Justliquidity?Also which are the other platforms that you are targeting to be partnered with?
Ans — We have announced a collaboration with JustLiquidity to become the first IDO project on their JulSwap decentralized exchange, the leading DEX platform on Binance Smart Chain.
We will be further developing our collaboration with them after the token launch to provide other liquidity pool pairs and staking opportunities for our users.
Our goal is also to build a token bridge to Ethereum, so that the token may also be traded on Uniswap!
Here are some important links of StaysBASE👇
🌎 Website:https://staysbase.org/
📱Twitter: https://twitter.com/StaysBASE
📢 Telegram : https://t.me/StaysBASE
