AMA RECAP with BUNSWAP held @ Telegram Group!
Good day to all! we have AMA portion with BUNSWAP
BUNSWAP is a decentralized world controlled exchange DAPPS where you can buy and sell exchange tokens/coins in just one tap.
Date: November 27th 8 pm GMT +7
Venue: t.me/DeFiProjectAMA Community
Guest: James Holiday
Hello Good day everyone im James Holday one of the team members of Bunswap Governance.
We've been into crypto since 2017 but before that we develope some gaming platforms. Now we focus on crypto industry and develope a Decentralized Exchange for the community.
Project Telegram: t.me/Bunswap1
Host: Anita Williams & Amanda Simon
The AMA will be in 3 Phases
- 1st Phase: Questions will be from Team.
- 2nd Phase: Questions from Twitter
- 3rd Phase: Questions from Telegram Community.
1st Phase:
Questions will be from Team!
Anita Williams:
Q1. Will you please elaborate what is Bunswap Governance all about?
James Holiday:
Bunswap is community owned Decentralized Exchange powered by Automatic Market Maker. You don't need to create any Book orders and for your bid to be filled, for short it's all Automatic...
As Part of this, for every transactions you have made, you will receive BUNS token as a reward. Also, for every liquidity you make, you will receive BUNS token as bonus reward.
Anita Williams:
Q2. Defi and dapps are two pillars primed to rule cryptocurrencies, what is your strategy to defi and dapps?
James Holiday:
dApps stands for Decentralized Applications. Bunswap is a dApp which is programmed using Solidity language (under Ethereum Platform) and interacts to any dApp browsers.
DeFi stands for Decentralized Finance, since BUNSWAP is fueled by BUNS token. The development team decided that BUNS token will be in deflationary state. BUNS token always burns a certain percentage on every transactions.
Anita Williams:
Q3. Currently "staking" is a very popular topic. Can you please explain the details about the Buns staking plan and the benefits of adding patty to it?
James Holiday:
BUNS staking will bring you into new Feature of Bunswap. To increase your BUNS token holding, we add stake feature. 36% interest annually is allotted for every BUNS you Staked. In additional, for Every BUNS you stake, you will receive PATTY equivalent to the quantity of BUNS you Staked. PATTY is used to open the POOL Gate. From time to time if you stake PATTY to the pool you will be rewarded for every new tokens or assets listed in the Patty Pool.
Buns, patty, food staking. Its a good feature of BUNSwap Governance.
Anita Williams:
Q4. Beside from Buns and Patty, there is another token which is Veggies, So what is it for?
James Holiday:
VEGGIES is the key to the next features of Bunswap. You can stake BUNS to have PATTY, as well with VEGGIE, you need to have PATTY to obtain it. VEGGIE will be the Main fuel to access one of Bunswap Upcoming features which are the Decentralized Auction App and Lottery.
Anita Williams:
Q5. What is the background behind on "Bunswap" project? What is your strategic plan upon listing?
James Holiday:
Nowadays, financial problem grows accross the world due to pandemic situation.
So, we come up to a plan that really supports "Decentralized Finance". Not just any project, but a project that will speak for itself and stand for itself.
Then we created BUNSwap, its an open source dex protocol that is safe and friendly to users. Aside from that, staking is also included.
We derived it from BUNS, a food theme staking, where an investment grows exponentially. And SWAP where you can swap tokens in our very own DEX.
Strategic Plan will be, mostly in advertising.
Next will be in Crypto requirements, like CG, CMC and other promotional things.
For now, we are focus on the development of the project. Our presale is also live, it is to ensure that the project have funds to support its foundation.
1ST PHASE END!
2nd Phase:
Questions from Twitter!
@Novelito6
Q1. What makes #BUNS unique from every other DeFi projects out there?A certain project that has been created should have a goal,what is the goal that this project is trying to achieve and how would you do it to achieve this goal?
James Holiday:
BUNSwap is one of the most anticipated project of the year 2020.
We are creating our very own DEX and DAPPS.
Our goal, is to be on top of the most common and widely used in DeFi platforms.
@SweetDaisy1995
Q2. Can you tell us about the presale, its tokenomics, the token and ratio on listing?
James Holiday:
Our presale is devided into different procedure bounce, tokenswap and manual. Not all knows how dApps works so we need to proceed manual as well for additional
Tokenomics :
Token Name: Bunswap Governance Token
Ticker/Symbol: BUNS
Decimal: 8
Total supply: 50,000,000
Presale: 35,000,000
Liquidity: 8,000,000
Core Team: 1,000,000
Development: 2,000,000
Staking Reserve: 4,000,000
@CryptoQueen02
Q3. Decentralized exchange is now a trend.
How can Bunswap compete with other exchanges like Uniswap?
James Holiday:
BUNS will be our governance token and will be widely used in our ecosystem.
Also Buns will be used in our decentralized auction and lottery.
BUNSWAP got Food staking with good staking tiers.
Buns
Patyy
Veggies
We have also our very own DEX, its a friendly user platform so people can easily use.
1. Swap tokens
Our Dapps
1. Stake assets
2. Claim rewards
And track future developments.
2ND PHASE END!
3rd Phase
Telegram Community Questions!
@YANG_TERSAKITI
All project’s coins have their main Utilities & real-life use! So, Can you tell us what the main role of your coin is in your ecosystem? Explain its Utilities & Real-Life use cases? and Why should i invest in your coin for the long term?
James Holiday:
BUNS will be our governance token and will be widely used in our ecosystem.
Also Buns will be used in our decentralized auction and lottery.
BUNSWAP got Food staking with good staking tiers.
Buns
Patyy
Veggies
@darkcrypto20
Many projects related to farming offer a massive % of APY, and at the end mint a lot of tokens to try to reach that promise, decreasing value, or, even being scam. That’s why I ask you, what APY is offered with $BUNS?
James Holiday:
As i mentioned above. We have DEX platform and also our very own DAPPS.
Easy to swap tokens.
Staking, claiming rewards.
As stated the fixed APY is 36% annually..
BUNS is a deflationary asset, burns 1% on each transaction.
So no infinite selling of tokens, no rugpull and scam.
36% APY in BUNS alone. So when our next staking tier is live, it will go up to 200% or more.
@Idee01
There are swap platforms with Food name such as BurgerSwap, SushiSwap etc. WHy did you adopt a Food name for your DEX and how will BUNSwap compete with the others? What would you do differently from your competitors that would make you stand out?
James Holiday:
Obviously as being community owned, and yet you will be the market maker... All API access will be in public as part of being decentralized.
@YANG_TERSAKITI
Can you tell us the motivation and benefits for investors to hold Your Project token in a long term investment and What plans do you have to help drive demand and scarcity for the token?
James Holiday:
Well, we have our very own DEX and DAPPS.
So, when our market is live! We will introduce food staking which is really profitable.
Its good to invest, buy, hold and stake our assets because we have platform that will set up as a collateral.
Of course, its deflationary, assets are burning. There will be scarcity, and only leaving dominant in the pool is ETH.
@starshades007
Which area are you focusing on at the moment? (DeFi, Stake,Dapps..) and what is your goals in this year ?
James Holiday:
For now, we are focusing to completely develop our DEX and DAPPS.
It will be user friendly and safe to use.
We are conducting presale, it is to ensure to support the foundation of the project.
Once listed, we will use our very own platform for tokenswaps and staking.
More features will follow.
