At 17:00 (UTC+8) 28th FEB on MXC English Telegram, the AMA began with Jennie — Community Admin, and Chris — CEO of BSC.tools.
Jennie: Here we go!
Jennie: Today with us we have BSC.tools, a Decentralized Finance (DeFi) dashboard that aims at supercharging your trading experience on Binance Smart Chain (BSC). set of trading and data analytics tools focused on decentralized exchanges on Binance Smart Chain (BSC)
Jennie: Welcome, Chris. Could you tell us about yourself? Why did you and your team decide to build BSC.tools?
Chris: We are a team of experienced blockchain developers coming from different countries. We used to develop many successful Ethereum-based projects.
Speaking of BSC.tools, since its launch in 2020, Binance Smart Chain ecosystem has been growing rapidly. Being active users of the BSC ecosystem ourselves, we’ve yet to find a product that satisfied our needs for data analysis and charting.
That’s why we decided to build something on our own, taking inspiration from Dextools.io.
But we’re a lot more than just a Dextools’ clone.
We’re constantly innovating and developing new and unique features that could help our users and make their trading easier and more profitable on BSC.
Jennie:To start this AMA let’s give the audience a brief description of what BSC Tools is?
Chris: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, easy to use across platforms
Jennie:There are some similar projects out there such as DEXtools. If DexTools were to move to BSC, would projects like BSC Tools be in danger?
Chris: While our initial version shares some similar features with Dextools, we will keep innovating and adding more features that separate us from them. We crawl the data from our blockchain nodes ourselves and don’t rely on any external APIs.
As one of the pioneers on the Binance Smart Chain, we believe we can provide tons of value to our users.
Jennie: Remember to check out BSC.tools social media and website:
• Website: https://bsc.tools
• Twitter: https://twitter.com/bscdottools
• Telegram: https://t.me/bscdottoolschat
• Medium: https://medium.com/@bsctoolsofficial
• BSC.tools Farming: http://launchpoolxv3.bscex.org/
Could you share with us some of your Tokenomics information?
Chris:
We have successfully raised $2,500,000 with the backing of top investors in the space.
Our IDO and Public sale on March 6th was a big success. Here is our IDO & Public Sales article:
https://bscdottools.medium.com/tools-ido-public-sale-recap-d16a6b323514
Now, TOOLS is available to trade on PancakeSwap and BSCEX’s SwapX. And very soon MXC!!!
Here is TOOLS contract address just in case you needed it: 0x1311b352467d2b5c296881badea82850bcd8f886
Jennie:What would be one’s motive to hold TOOLS tokens? What can we do with TOOLS?
Chris: While the current version is free, we’ll add premium features that holders of $TOOLs tokens will be able to access.
Other use cases are:
- Holders can vote on future features that they like;
- Used on our Gem Hunter Ecosystem;
- Used for liquidity mining on LaunchpoolX of BSCEX;
- Other projects can also use $TOOLS to purchase advertisements and sponsorships on our website and app (in the future we also have live AMA)
Jennie:Awesome! Since you mentioned BSC.tools liquidity mining on BSCEX’s LaunchpoolX, could you tell us more about it?
Chris: You can start to farm TOOLS a couple days ago on BSCX’s LaunchpoolX v3
Through the LaunchpoolX, you can earn TOOLS rewards for providing liquidity in the TOOLS — BSCX & TOOLS — BUSD pool
The current APY is very attractive. It’s 4369% right now for TOOLS-BUSD pair.
Here is step-by-step guide on how to farm TOOLS:
How To Farm TOOLS On BSCEX’s LaunchpoolX v3 (1000%+ APY)
https://bscdottools.medium.com/how-to-farm-tools-on-bscexs-launchpoolx-v3-1000-apy-61b1dcb039a3
Jennie:Since you also mentioned “Gem Hunter Community”, can you kindly clarify what Gem Hunters Network is Exactly? How does it work? Is that like a separate chat channel?
Chris: Glad you asked. 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.
Jennie:Is it possible for BSC Tools to be used on more than just BSC in the future, with chains like DOT, ETH?
Chris: We will support Ethereum on Q3/2021 and Polkadot on Q4/2021
Jennie:Where can we find news about BSC.tools?
Chris: BSC.tools currently has a few channels:
- BSC.tools Twitter: https://twitter.com/bscdottools
- Our Telegram Community: https://t.me/bscdottoolschat
- BSC.tools News Channel: https://t.me/bscdottoolsann
- Official Website: https://bsc.tools/
In addition, if you have any business inquiries or want to contact us directly, feel free to send your message to our Official Twitter or to our Telegram’s Admins. Alternatively, you can send an email to info@bsc.tools
Jennie:Awesome. Anything else you guys would like to add before we go into the live questions session?
Chris: We at BSC.tools firmly believe that BSC.tools will become one of the best dashboards on BSC.
BSC.tools is still at an early stage, all TOOLS holders can participate in it now and enjoy high APY for the liquidity mining at BSCEX’s LaunchpoolX v3
Community Questions
Q1.What’s the Utility and use cases of $TOOLS? Why you need $TOOLS for your ecosystem? What are the benefits that $TOOLS offer for long term investments?@starshades007
Chris: As mentioned earlier, TOOLS holder will have access to premium features offer by BSC.tools. Other use cases are:
- Holders can vote on future features that they like;
- Used on our Gem Hunter Ecosystem;
- Used for liquidity mining on LaunchpoolX of BSCEX;
- Other projects can also use $TOOLS to purchase advertisements and sponsorships on our website and app (in the future we also have live AMA).
In addition, TOOLS holder can farm TOOLS at a great APY on BSCEX’s LaunchpoolX v3
Here is step-by-step guide on how to farm TOOLS:
How To Farm TOOLS On BSCEX’s LaunchpoolX v3 (1000%+ APY)
https://bscdottools.medium.com/how-to-farm-tools-on-bscexs-launchpoolx-v3-1000-apy-61b1dcb039a3
Q2.Many new projects made a good impression at first but were suddenly abandoned. How will you manage Your TOOLS Token project to gain a place in the market and become a better token in the blockchain world? At the moment , where you are focusing right now ?@Mannan159
Chris: Our #1 focus was and always be the user. We believe as long as we provide real value to our user everything else will comes. From partners to investor.
Q3.Many investors hit and run in the sell and sell session after listing on the first exchange, How did Your project prevent early investors from selling their tokens and what benefits you would give them? @toanphamhd
Chris: Currently we have a very high APY ~4,000% on farming in LaunchpoolX V3 of BSCEX. Investors can benefit a lot from that. Furthermore, BSC.tools is a project with lots of practical needs, TOOLS Holders can make wiser financial decision based on the data we provided
Q4.Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?@J_A_D_E1
Chris: Every legit project, especially big and famous corps, check and verify their partners very carefully before signing official partnership. Since we only partner with well-known and legit projects, investors can be relieved in the fact that we are not a scam project.
Some of our partners can be named: Moonwhale Ventures, Au21 Capital, CryptoBanter, EncryptClub, MandyICO, etc.
Q5.What advantages does BSCTools have that make it stand out from other similar projects? Why is BSCTools better? @Vengolina
Chris: We are the pioneer of charting and data analysis tool on Binance Smart Chain, our tech is also more advanced. We also have lots of big partners such as MoonWhale Ventures, AU21 capital, etc. behind our backs. We are having a passionate community that is growing day by day
Important Links
- Homepage: https://bsc.tools/
- Dashboard: https://bsc.tools/dashboard
- Twitter: https://twitter.com/bscdottools
- Medium: https://medium.com/@bsctoolsofficial
- Telegram: https://t.me/bscdottoolschat
