BSC Station AMA Recap
BSC Station aims to build a Full-Stack DEFI with NFT Auction on the Binance Smart Chain. It will become economy infrastructure for DeFi and NFT powered by Binance Smart Chain.
Today we have Scofield as Founder of BSC Station joining us to answer our questions for the next hour.
I am Scofield. I am the Founder of BSC Station.
I am a long-time blockchain and cryptocurrency enthusiast since 2017. I have more than 4 years of research and work 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. The 12 people of team and advisor consist of marketing, technical, market research, financial talent from blockchain project, university including Ruhr University, J.P. Morgan, Money Gram, Liquid, MXC…
Question from the CryptoRank team
#1. Can you tell us about BSC Station? What problems do you solve, both in the space and for the community?
Scofield: – Let’s take a look at the current DeFi problems.
* High amount of DeFI & NFT assets with low liquidity, poor transaction, and utility.
*The NFT still lacks practical application
*NFT hards to use to earn yield as DeFi token asset can do
*Lack of user incentives
*Lack of price control, auction mechanisms, and transparency of NFT products
*Scalable DEFI & NFT solutions are needed
BSC Station (BSCS) aims to build a Full-Stack DEFI with NFT Auction on the Binance Smart Chain. It will become economy infrastructure for DeFi and NFT powered by Binance Smart Chain.
#2. Could you shortly describe the milestones BSC Station have achieved, and about your upcoming plans?
Scofield: – It is great question. 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 and NFT SWAP will be launched shortly.
You can take a look at our roadmap to see in more detail what we are doing, what we have to doe so far.
Questions from Twitter
#1. Please can you share about your partnerships for success? How can your project be successful so quickly?
Scofield: – Thanks for this great question. Firstly, we are successfully closed seed and private fundraising round from prominent backers, including Spark Digital Capital, Morningstar Ventures, DFG, AU21, X21, NGC, BSC Pad, Bounce, Chain Capital, and many other top VCs and influencers. With all the support, BSC Station will provide an all-encompassing solution for decentralized finance and Non-Fungible Tokens. Can check here for details.
Secondly, Our Dual IDO on BSCPAD and Bounce Cetified will be opened on April 21, and the whitelist still ongoing. Now more than 100k users joined the whitelist for IDO. It is great to support for us from many partnerships, Cryptoleader, KOLs …around the world. The details IDO in here and here.
#2. How the demand of your token will increase in the future? or what steps would you take to increase the demand?
Scofield: – The total supply of BSCS tokens is 500 million and never changes or increases. We apply a shared economy and deflation model to add value to BSCS token holders for more value now and for the foreseeable future. BSCS token holders can also share transaction fees, join Startpool, NFT auction or participate in trading, and many other benefits. We use part of the transaction fee to buy and burn BSCS. In the coming time when Community governance is in place, a portion of tokens for voting will be in progress permanently.
#3. Staking is a great way to hold investors and rewards user. Does your project support staking?
Scofield: – Great question, we call it is “Startpool” – A BENEFIT WAY TO FARM NEW ASSETS. 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.
Questions from Telegram
#1. How does BSCStation evaluate the importance of the user community? In the near future, does BSCStation have any special plans to attract and expand the community ?
Scofield: – We believe that communities are important contributors to solving the problems that remain in the digital asset market. BSCS believes that with a quality ecosystem, determined by the community, a transparent and optimal operating model will be the best destination for users.
BSCS provides the ability to issue new assets Pool at the lowest cost and create highly liquid capital pools through our platform. There are no restrictions on the initial price nor the ratio of funds and tokens supplied.
BSCS is both NFT and Project startpool; It is the incubator for the development of new projects.
The BSCS token economics model introduces a membership system and a fee-sharing mechanism. In addition to its governance functions, BSCS gives holders trading fee discounts and IDO participation allocations, and token Hodler airdrop. The system’s entitle holders to trading fee dividends and membership rewards, as well as the BSCS holder benefits.
#2. Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Scofield: – Of course, as I said BSC Station is a community-based platform, and we want to add more value. BSCS can be considered as a Governance token, the community can vote on the development direction of a project or important decisions in the development strategy that the project brings.
#3. What is the function of $BSCS in BSC Station ecosystem? What are the benefits of investors and $BSCS holders?
Scofield: – Please see here for details benefit of BSCS token HODLER
The benefits of BSCS Hodler? 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.