🔥 BSCStation Exclusive AMA Recap🔥

We’d like to say massive thanks to all of you who joined the BSCStation Exclusive AMA session on 13th February 2023. We appreciate all your support.

This is a recap of the entire session, in case you missed it!

1st Segment: INTRODUCTION

Q1:  I see that BSCStation has updated the new roadmap in 2023, can you describe in more detail about the roadmap of BSCStation?

Mr.Scofield: I'm thrilled to announce our upcoming roadmap for the BSCStation platform in the year 2023. Our team has been working tirelessly to bring new features and improvements to our platform, and we can't wait to share what we have in store for the coming year.

Having researched the crypto market, current and potential trends, its volatility and rapid change, the team’s focus remains on DEX. Our goal is to provide our users with a unique experience among the multi-chain DEXs.

Let’s go through the details of our 2023 roadmap. Everyone can take details infor in here: 

🌟 BSCStation Launchpad's Roadmap for 2023: A Year of Innovations, Integrations and Upgrades 🌟

💠 Q1, 2023

🎯 Integrate Solana and AVAX networks

🎯 Open new Launchpools on BSCStation Launchpad

🎯 Optimize UX and contract upgrade for BSCStation GameHub

🎯 Upgrade the MStation platform

🎯 Integrate KYC into BSCStation Launchpad profile

🎯 Add BSCS token Utilities and Holder benefit

💠 Q2, 2023

🎯 Release DEX tools

🎯 Add Anti Sniper Bot

🎯 Introduce the Referral mechanism

💠 Q3, 2023

🎯 Provide DEX Aggregator

🎯 Add Liquidity Mining feature

💠 Q4, 2023

🎯 Provide NFT Aggregator

🎯 Launch NFT DAO

Up to now, we are a cross-chain platform with already supported 12 layer-1 such as: BNB chain, Ethereum, Polygon, Aptos, Arbitrum, Dogechain, Fantom, etc.

After the collapse of FTX, the trend of the Defi sector is to move to decentralized exchanges, capturing the needs of the market and users we are also developing Decentralized exchange. Promising to have many new features and convenience for users. BSCStation entires updates with friendly UI, more convenience to users and more features support, promises that BSCS will become a leading platform in the blockchain sector.

Q2: Can you tell the BSCStation community more about the benefits of BSCS holders?

Mr.Scofield: The most important thing for token utilities is how to benefit its users, it is also what we are concerned about and what we focus on right now. Here below are updated BSCS Holders benefits:

✅ IDO GUARANTEED ALLOCATION - Those who own and Stake BSCS will automatically qualify for IDO guaranteed allocation.

✅SHARING DEX FEE - BSCS Holder will be shared the trading fee from BSCStation Dex.

✅INGAME ECONOMY - BSCS will be used in MStation in-game economy

✅STAKING/FARMING - Farms and Start Pools are the simplest way to earn free tokens on BSCStation. Stake BSCS, and earn free tokens.

UNLOCK NFT AUCTION - BSCS tokens will be used to pay Auction fees and transactions; and also for NFT access behind the paywall.

✅VOTING - Holders holding BSCS or more can vote to approve or reject projects on BSCS IDO

✅REWARD GAMIFICATION - Gamehub

✅SHARING TRANSACTION FEE - Holders holding BSCS will share a portion of transaction fees

✅FUTURE BENEFITS - There are many other benefits of BSCS Hodler that we are building and researching for early implementation.

The revenue coming from the transaction fee of the Dexs in the market such as Pancakeswap, Quickswap, Uniswap, etc. is now very impressive, with tens of millions of dollars. Imagine if we used the revenue from BSCStation Dex to share back to BSCS Holders, what would it be like?

BSCS token also is used as an in-game token, and the first will be used for MStation - which will have big updates next few days. More demand, more transactions and more liquidity for it.

Q3: What does establishing a partnership with Cortex Labs mean for BSCStation and the BSCStation community?

Mr. Scofield: AI, especially Open GPT, is super hype at the moment. The partnership between BSCS and CTXC aims to bring about a new era of innovation in the blockchain space and provide enhanced experience as well as benefits to the community.

Cortex Blockchain is the secure and decentralized infrastructure for AI applications, enabling the development of new AI-powered applications and services that can benefit from the transparency and trust provided by blockchain technology.

The key feature of Cortex is its support for decentralized AI- inference computations through the Cortex Virtual Machine (CVM). The CVM is designed to be compatible with existing AI frameworks and tools, making it easier for developers to integrate their AI models with the Cortex blockchain.

The partnership between BSCStation and Cortex Labs will result in the following key benefits for the platform and our users:

💎 Integration of AI Technology: BSCStation will integrate advanced AI technology into our platform, starting with the on-chain KYC feature. BSCStation will offer a more user-friendly and efficient experience to our users. This will also enhance the security and reliability of the platform and allow users to access BSCStation services with greater ease.

💎 Launch the "AI Incubation Fund": BSCStation and Cortex Labs will cooperate to launch the "AI Incubation Fund" to support AI-related projects and foster innovation in the blockchain space. The fund will provide funding and mentorship to promising projects and help bring cutting-edge AI solutions to the market.

💎 Increased Adoption: By offering advanced features and enhanced user experience, BSCStation will attract more users to the platform and drive greater adoption of blockchain projects. This will result in increased liquidity and wider platform usage, further driving our growth and development.

BSCS will be the first Launchpad to apply AI technology to serve the user. We have some big cooperation together, and this will be revealed in the upcoming days. We will update soon as we follow our schedule.

Q4: We recently read that BitValue has invested 1 Million Dollars in BSCStation, can you tell us what this investment means for BSCStation?

Mr.Scofield: Many projects ceased operations following the demise of Luna, FTX, and large VC firms such as Alameda Research, TAC, and others, but BSCS is still alive and well going. We are still very active and seeking for new challanges.

BitValue Capital was founded in Toronto, Canada in 2017. The team is composed of industry experts from investment banking, hedge funds, pension funds, academia, venture capital, blockchain startups and other key industries, dedicated to incubating top-tier blockchain projects globally and acting as a communication bridge between the east and the west. 

With investment from Bitvalue Capital,  BSCStation will deploy to provide the finest experience and benefits for our community:

Product Development: Enhance the BSCStation platform with advanced tools and features, including DEX and DeFi tools, to provide users with a more robust and user-friendly experience.

Apply Cutting-Edge Technology: BSCStation will stay ahead of the competition by regularly implementing the latest and innovative blockchain technology for maximum security and reliability.

Marketing and Community Building: Expand the reach and visibility of BSCStation through strategic partnerships and robust social media presence. BSCStation Launchpad will reach a wider audience and build a stronger community of users.

Co-Incubation Program: The investment will also establish a co-incubation program between BitValue and BSCStation, providing startups with the support they need to grow and succeed in the blockchain industry.

We also put more funds into BSCS price protection, which will have more impact on BSCS futures.

Q5: I see that BSCStation updated the new tier system and IDO Rules. I want to break down a lot of questions for the users and me to understand them clearly.

Mr.Scofield: This is the greatest question that i think all beloved users wanna have more information, i will help to make it more clearly.

The new IDO rules can be called: IDO with No risk, always profitable.

Let me explain in more details:  

✅ Only select quality and potential projects: Our Due Diligence team consists of 11 highly qualified and experienced professionals. Each team member brings a unique area of expertise to the table and will be tasked with comprehensively examining each project's information.

✅ BSCStation Launchpad will only transfer funds in batches based on the vesting schedule set by the project. BSCStation to hold raised amounts for refunds at a safe vault in case of rug pools or any other critical failure caused directly or indirectly by incompetent management of the project.

For example:

A project raises $100,000 in an IDO on BSCStation with a distribution of 25% at TGE, linear vesting over 3 months with 25% token distribution each month. BSCStation will only transfer $25,000 within 48 hours after the TGE, and the subsequent transfers will be after the 2nd, 3rd, and 4th vesting of the project.

✅  Price Maintenance Requirement for the project:

At the token listing event, the project must maintain the token price at least 25% above the IDO price to be eligible to claim the fund. If the token price falls below the IDO price for 24 consecutive hours, BSCStation will use the fund from the IDO to fully refund the community.

At the 2nd vesting, BSCStation will only transfer the fund when the project’s token price is above the IDO price. If the token price falls below the IDO price for 48 consecutive hours (starting from the 2nd vesting), BSCStation will refund the community equal to the number of tokens distributed in this vesting. (As in the example, the refund will be 25%, equivalent to the 2nd fund batch).

That means user will never loose even 1 cent when joins IDO at BSCStation.

✅Refund mechanism

The Refund mechanism will apply to all Tiers if the project fails to satisfy the Price Maintenance Requirement.

✅ Liquidity Requirements

BSCStation Launchpad requires a certain minimum amount of liquidity to be put (according to the raise) and locked for at least 12 months. The minimum liquidity requirement does not include the project's token.

✅Marketing and Fund Use Plans

The project has to send all plans to the BSCStation team in advance for any advice or support.

✅Token Delivery - no token distribution delay

BSCStation believes in complete transparency and accountability for all projects that launch on our platform. That's why we enforce a strict policy of requiring full amounts of tokens to be transferred prior 2 calendar days before the launch, with no exceptions.

✅ Smart contract Audits and Team KYC ( more strictly team KYC)

BSCStation prioritizes security and integrity in all of our token launches. To ensure a safe and decentralized experience for our users, we require all projects to undergo thorough token security audits.

✅ Listing Timeframe on Exchange

BSCStation will require at max 15 days between the IDO and the listing date (TGE). Therefore, we strongly recommend that all projects implement the token listing as soon as possible, preferably 0-48 hours after the IDO ends, to keep the momentum going and make the most out of the hyped-up community.

Last but not least,

✅ Refund Right

BSCStation has the right to issue a partial or full refund at any time if we find evidence of

👉Terms violations

👉Commitments non-compliance

👉Signs of fraud

👉False information, malicious

👉Bad practices, critical errors, etc.

👉 And others in compliance

All the above terms are mandatory for any IDO project at BSCStation. With the new protection mechanism, I believe that BSCStation platform is the safest launchpad for our beloved users.

2nd Segment: PRE-AMA QUESTIONS

Q1: I have read about the BSCStation IDO rule update, I want to better understand BSCStation Price Maintenance Requirement, can you be more detailed?

Mr.Scofield: the TGE is super important for any project and that is expectation for users who has joined the IDO for guaranteed or community allocation. 

At the token listing event, the project must maintain the token price at least 25% above the IDO price to be eligible to claim the fund. If the token price falls below the IDO price for 24 consecutive hours, BSCStation will use the fund from the IDO to fully refund the community.

For example, the IDO price is $0.1, so at the listing event on the secondary market such as Pancakeswap, the price should be $0.125 at least, with the buying demand, that should be more higher. 

At the 2nd vesting, BSCStation will only transfer the fund when the project’s token price is above the IDO price. If the token price falls below the IDO price for 48 consecutive hours (starting from the 2nd vesting), BSCStation will refund the community equal to the number of tokens distributed in this vesting. (As in the example, the refund will be 25%, equivalent to the 2nd fund batch).

Every subsequent token vesting event of the project will also be applied with the same requirement as the 2nd vesting. This requirement is mandatory for all projects in all market conditions.

Q2:  What about Vesting Schedule Adherence?

Mr. Scofield: Some projects has modifies in vesting schedule and do not comply with previous commitments, to prevent the violation, that's why we enforce strict compliance with tokenomics vesting schedules for all projects that have made agreements with the BSCStation team and strictly follow tokenomics.

BSCStation will also actively monitor the projects' development progress to ensure they stay on course and meet their roadmap commitments as scheduled.

This guarantees that the project will follow its agreed-upon distribution plan, protect the token's value for the community's benefit, and secure its long-term success.

Q3:  Are there any liquidity requirements for projects that will IDO on BSCS?

Mr. Scofield: Liquidity is the liquidity that project committed to add on Dex such as Pancakeswap, Uniswap, Quickswap.etc. With sufficient liquidity, that will help user more easily to swap token in two direction.

BSCStation Launchpad requires a certain minimum amount of liquidity to be put (according to the raise) and locked for at least 12 months. The minimum liquidity requirement does not include the project's token.

If the projects don't add sufficient liquidity, they will be penalized, and in severe cases, BSCStation reserves the right to keep the raised amount of tokens in stablecoins in order to protect our community.

This requirement will help ensure long-term stability and growth for their tokens as well as guarantee the benefits for the investors.

Q4: I want to know about Listing Timeframe of BSCStation

Mr. Scofield: We don't want to keep users' funds for too long, the IDO date and listing date will usually be close together. 

BSCStation will require at max 15 days between the IDO and the listing date (TGE) This is the maximum timeframe, usually IDO time is only 1 to 2 days from listing time.. Therefore, we strongly recommend that all projects implement the token listing as soon as possible, preferably 0-48 hours after the IDO ends, to keep the momentum going and make the most out of the hyped-up community.

In cases where 15 days is exceeded, BSCStation will have the right to open a community vote for our users to decide whether we will continue with the project or do a full refund.

Q5: With projects that will be IDO on BSCStation, have you checked the project's team carefully?

Mr.Scofield: We have new 2 IDO this month, Shelterz and Parma Fan Token, both projects have to complete strictly team KYC and business, we use synap  (https://www.synaps.io/)to fulfill our services. 

All 3 key project key members must undergo a thorough KYC process to confirm that the individuals behind the project have the necessary experience and qualifications to run and develop the project effectively. This is a mandatory requirement for all projects.

New KYC system ( wich support AI from Cortex labs) will be applied soon and will help our platform so much to improve user experience.

Pls check here for upcoming IDO https://bscstation.finance/Ido

On behalf of all BSCStation communities, thank Mr.Scofield for joining the AMA session and answering questions for the community today. The CEO of BSCStation has provided the community with valuable information about the new improvement BSCStation recently implemented as well as the future development of BSCStation in the blockchain industry.

Thank our beloved community for the great questions and for taking the time to participate. We hope you found the session informative and engaging. If you guys have any further questions or follow-ups, don't hesitate to reach out.

There will be a lot more announcements and material coming your way, so keep an eye out for our social media channels.

About BSCStation

BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap

BSCStation operates on top of all the main blockchain networks and is designed to offer maximum value to consumers and institutions.

BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.

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