AMA Recap of Dude’s Army x BSCStation
On Friday, April 16th, Dude’s Army community had the great opportunity to host an AMA with BSCStation’s team, very instructive and educational. We will share with you a little bit of what this experience was like.
The Dude👨💼:
To start the AMA with a good vibe I will give you freedom now to intro yourself and share a bit of your background!
Scofield:
Tks so much, it is great to be here today. I am a long time blockchain and crypto currency enthusiast since 2017. I have more than 4 years of research and working in the field of blockchain and cryptocurrency. Over the past 2 years, I have focused on researching DeFi products and developing NFT products by applying blockchain technology. And now with my team, we founded BSC Station, a project that is worth looking forward to at the moment.
The Dude👨💼:
Sounds great! Thanks for the quick intro
Btw is the team anon and if so why?
Scofield:
Our team is not anonymous, we have closed fund raising from many of the current top investment funds such as Spark DC, NFG, AU21, DFG … And investment funds have all verified the team as well as what we are doing.
You can check here for some details https://twitter.com/DFG_Group/status/1381792109380968450
https://twitter.com/bscstation/status/1381587025917136904 and so on
The Dude👨💼:
Ok perfect! Explain our community what BSC Station is building and why the market needs it.
Scofield:
BSC Station (BSCS) aims to build a Full-Stack DEFI with NFT Auction on the Binance Smart Chain. It will become an economic infrastructure for DeFi and NFT powered by Binance Smart Chain. We see that the DEFI market is booming, and recently NFT is also very hot, but still lacks a healthy, user-friendly platform that gives users as much value as possible. .
We offer a combination of DEFI and NFT, which integrates many distinct functions to give users the best user experience.
The Dude👨💼:
Sounds great!! Can you explain our community a bit more the step by step on how to create NFT auctions on BSC Station and which DEFI features will be onboard?
Scofield:
To make it as simple as possible, and give the user a user-friendly and easy-to-use platform, we optimize NFT submissions as much as possible. You only need a decentralized wallet such as Trust wallet or Metamask or Smartchain wallet. Then link to the BSC Station platform, upload your assets like characters, artworks … choose the type of auction and set the parameters you want. then you put your property on auction. Just like that, you have completed your bidding process.
We also have some great features to protect your NFT asset and trading process as below:
BSC NFT Station SDK
The SDK will standardize all NFT assets related to the use of the Auction feature, providing a clear set of tools, documentation, and rules to help fair and efficient auction buyers and sellers.
2- BSC Smart Security (BSCSS)
BSCSS is a smart security contract of BSC Protocol based marketplace payment platform designed to make the NFT buying and selling of any good or service easy and protected.
3- Auctions
Auction is one of the most prominent features of the BSC Station platform. This is a highly efficient mechanism of realizing a resource configuration in the face of inadequate information. Auctions can be categorized into three types of procedures for auctions depending on the occurrence of a price development during an auction run and its causes.
Dutch auction — Partially driven by time
English auction — Driven by bidders only
Sealed bid auction — Single shot
The Dude👨💼:
Amazing info! So I have a question for you here.
Can you utilize the system you have right now to do auctions on ICOs launches through NFTS? That would be interesting as well
Scofield:
This is a very good question, starting an ICO by an NFT auction is a great idea and gives a new direction to future startup projects. We also have a similar product, Startpool, to support NFT and Non NFT projects
BSC Startpool helps quality NFT and non-NFT projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens. This is an innovative solution that gives advantages to both users and quality crypto projects
In the near future we will be rolling out many attractive and different NFT features to ensure that there is a healthy and transparent auction environment as possible for users.
The Dude👨💼:
Of course this is just an idea. Just wanted to know if you looked into that and apparently you did! ahaha
The system seems well set up and ready to go with the protection and auction sale. Although who do you see as competitors right now and what are your advantages against them?
Scofield:
Our strong point is having a dynamic, enthusiastic and experienced team. Moreover, we have the support of large existing investment funds, they advise us on how to develop, and give us timely and accurate advice. In addition, the products that we are developing are what the market desperately needs
The Dude👨💼:
And my last question is: How will BSCS token work on the platform?
Scofield:
By operating on top of existing blockchains like Binance Smart Chain, the team wants to provide maximum value to both consumers and institutions. Make no mistake about it: both DeFi and NFTs are of increasing appeal to institutional clients. Ensuring those users can enjoy the optimal experience is paramount for both DeFi and NFTs to reach the next stage of mainstream adoption. Currently, BSCS Swap product is ready to launch, and NFT product will be completed in May included: NFT Auction, NFT Blind box, NFT Trading.
Scofield:
Here is a quick overview.
* FUTURE BENEFITS: There are many other benefits of BSCS Hodler that we are building and researching for early implementation
*GET FREE TOKEN: Hodlers holding BSCS token will receive another free token
*UNLOCK NFT AUCTION: BSCS tokens will be used to pay as Auction fee, transaction, and also for NFT access behind paywall.
*VOTING: Hodlers holding BSCS can vote to approve or reject projects on BSC Startpool
*SHARING TRANSACTION FEE: Hodlers holding BSCS will share transaction fees
*NFT gift: Those who holding sufficient BSCS will qualify
for NFT gift.
PAYMENT: Use BSCS as a payment method at the service points within the BSCS ecosystem.
Community Questions
Q1 from Yaritza:
Will BSCSS be necessary only to guarantee the purchase of products or assets through NFT? Would it also be necessary to implement it in platforms for buying and selling NFT tokens such as OpenSea?
Scofield:
The protection of users’ assets is a very important thing, ensuring the rights of Auction participants is really a topic that deserves attention. That’s why we created the BSCSS to do that. We are always learning new things and Opensea is no exception, in the future we can combine something similar to them.
Q2 from Noé:
I have read that one of your products, BSCS Swap, is ready for launch, what will this product consist of and what audience is it designed for? Also, now that it’s ready, when will we see it live?
Scofield:
BSC Swap is a decentralized exchange for swapping BEP-20 tokens and NFT on Binance Smart Chain. BSC Swap uses an automated market maker (AMM) model where users trade against a liquidity pool. This is a platform similar to some now like the Pancake swap, but this is just the beginning because the depth we want to work towards is the integration of NFT swaps in the near future. By then DEFI and NFT are truly 2 in 1 and will bring more convenience and benefits for user.
Q3 from Franklin:
Can we provide liquidity to earn trading fees as like other DEX? What are the extra benefits and advantages of using BSC station DEX over others?
Scofield:
Yes of course, BSC Startpool helps quality NFT and non-NFT projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens. This is an innovative solution that gives advantages to both users and quality crypto projects. User can lock liquidity to earn new token asset, NFT gift, below is token use case you can see details
Here is a quick overview.
*GET FREE TOKEN: Hodlers holding BSCS token will receive another free token
*UNLOCK NFT AUCTION: BSCS tokens will be used to pay as Auction fee, transaction, and also for NFT access behind paywall.
*VOTING: Hodlers holding BSCS can vote to approve or reject projects on BSC Startpool
*SHARING TRANSACTION FEE: Hodlers holding BSCS will share transaction fees
*NFT gift: Those who holding sufficient BSCS will qualify
for NFT gift.
PAYMENT: Use BSCS as a payment method at the service points within the BSCS ecosystem.
Q4 from Mamberroi:
One of the several utilities of having BSC tokens is that holders can qualify for NFT gift airdrops, what kind of NFTs can we earn with these airdrop rewards? How often does the airdrop process take place? Is there any possibility that you can market these NFT gifts within the BSC ecosystem?
Scofield:
NFT gifts are gifts from artists and games released by our partner game studio. You can see the demo video here https://www.youtube.com/watch?v=kBFJk3RyC7E
User programs for NFT gifts will be regularly organized so that you have the opportunity to access as many NFT products as possible.
Q5 from Sofía Isla:
BSC Station aims to build a Full Stack DeFi with Auction on Binance Smart Chain. How are you so sure that you will be successful at BSC? Why did you choose Binance Smart Chain? Do you have plans to expand beyond this blockchain network?
Scofield:
We build BSC Station on the BSC platform. Binance Smart Chain is considered to be the ultimate solution. First, EVM compatibility allows support for Ethereum tools, with faster speeds and cheaper transaction fees. Second, thanks to EVM interoperability and programming, Binance Smart Chain can run on Proof of Stake, thereby increasing decentralization and community engagement. Furthermore, Binance Smart Chain is expected to combine the features of the DEX blockchain with smart contract functionality. From there, it helps developers to program and additionally interact on the blockchain. BSC can fully work even when Binance Chain is offline (Because this is not Layer 2 Blockchain, but independent Blockchain). In addition, we have an ecosystem strong enough to ensure user satisfaction with the support of numerous existing Top funds and crypto communities.
Q6 from Mohammad:
On which marketplace BSCSTATION NFTs will be tradable? Can user buy from 3rd party marketplace like Rarible, Opensea? Or you will have your own NFT marketplace?
Scofield:
We built our own marketplace for NFT, and we also have partnership with many other partner to diversify the ecosystem and give users as many choices as possible
Q7 from Al Bianco:
I saw that $BSCS IDO will be on two of the major launchpad platforms starting April 13th. Can you give us more details about this great event and how can we join and participate? What do you expect from this IDO and what will your next launch plans be?
Scofield:
We will do dual IDO on BSCPAD and Bounce certified. pls check here for details https://twitter.com/bscstation/status/1382594732778426368 now more than 100k whitelist user and the number expanding very quicl, i hope that you can be a key part of our ecosystem
About BSCStation
BSC Station (BSCS) aims to build a Full-Stack DeFi with NFT Auction on the Binance Smart Chain. It will become an economic infrastructure for DeFi and NFT powered by Binance Smart Chain.
More information about BSCStation:
Website: https://bscstation.org
Telegram: https://t.me/bscstation
Twitter: https://twitter.com/bscstation
