AMA Recap : Crypto Infinity & BNBVault

On 20th April we had an AMA with BNBVault finance.We had with us

1. A Aaron S (@arone1234)
2. BscGeek (@Kn129)

AMA POSTER

INTRODUCTION .

Q 1) Can you introduce yourself to the community?

Ans :Sure, so Knad and I are the founders of bnbvault.finance. We launched about a week ago. Currently we are excited to raise awareness of the second phase of this project which is slated to launch in about 4 weeks!!

Q2) Could you please tell us the details about BNBValt Finance ?

Ans :Yes, so as I stated our project launched about a week ago. We have about 370 bnb locked in liquidity for ever. Anyone can provide lp token by combining appropriate amount of bnb and bore. This allows them to earn yield from volume in perpetuity. Note once the lps are created they cant be broken down for underlying asset. Our team comprises of 2 project managers, 1 marketing member and 3 developers at the moment. Currently we are working on launching a tradingview platform like poocoin.app for BSC. We will run banner adds and promoted coins to increacse the value of BORE token. And bring more yield to our LP providers

Q3 : Are BNBValt Finance on the right roadmap? What are the upcoming plans to develop the project?

Ans :Great question ,so i truely believe that in almost any token it almost always boils down token utility. Which in my opinion is driven by offering something that has inherent value. To accomplish this goal for our project we are developing a trading view plat form that will display all the token contracts on BSC. Kind of like dextools but for BSC. We will use various advertising strategies on this page to increase the utility of BORE token and thus as an effect of this increase the value of our system. We have few other amazing things the pipeline as well but those will be announced in due time. At this point to be specific with our advertising strategy we will have 2 banners on the landing page as well as 10 promoted coins. The revenue from these we will use to make our ecosystem more valuable. Once this milestone has been accomplished we will move to our next goal. Which we will announce about it due time.

Q4: A lot of projects always talk about their strengths, while their token or coin prices always go down. As one of BNBValt leaders, do you dare to speak out the difficulties that BNBValt is facing and how long will it take to overcome it?

Ans :So the beauty of BNBvault.finance is that it has a floor price meaning that we can never go below [(value of bnb in usd)*(363)]/10,000. Which is about 20 dollars right now. And our plans to use advertising funds to appreciate the value of BORE toke will have a huge impact on the price in an up ward direction. Since we only have 10,000 coins ever it will make each coin more valuable as we keep bringing more value to the system.

Q5: Can you tell us, has BNBValt been audited? as we know, smart contacts are vulnerable to hacks, and to carry out an audit costs a lot of money. So can you tell us a little about that, because investors need to know?

Ans :Our contract was audited before deployment and there were no critical issues that were reported. We have been running smoothly for few weeks now. But to answer your question we are audited and completely secure!

I would like to share 1 thing with the community. ITs just a schematic of what we are doing

So this is what our plat form will look like in a few months and all the places we will list our advertising

let me share the medium article

What is next for BORE

TWITTER QUESTIONS .

Q1 : How is BoreToken development going? Can you describe in detail current development efforts, market expansion plans, expected applications, and when will they become commercially available?
from : @QuinnJosephine4

Ans :Sure so we are in full force development we have 2 back end devs and one front end guy working 40 to 60 hours a week. We are slated to launch our platform in a month and we couldnt be more excited and proud.

Q2. To encourage real value and TVL to flow into BORE, BORE smart contracts employ exchangeable strategies that store coins within groups. What are the benefits of these strategies for those who want to grow BORE?
from : @Lidiamga

Ans :Sure this slightly misunderstood by her. What bore does is it allows transactional yield on LPs. This is about 2 percent distributed to all LP holders! And we plan to increacse the demand for Bore token through various strategies.

Q3. Regarding the launch of your $Bore token, which was recently, I read that 80% will be locked in liquidity, why did you decide to make it precisely that amount, what is the main purpose of this? Can you share with us your tokenomics?
from : @molestika

Ans :Sure so we ended up keeping only 13 percent of this and this was all used for marketing cost development cost and operational expenses.

Q4. There are 4 core issues prevalent in crypto and blockchain: Excessive Volatility, Security, Scalability, and Interoperability. How do you plan to overcome these issues?
from : @Mehmedizeko132

Ans :We are very niche in blockchain space. Our goal is not super broad. Rather it is narrow and very focused. There are many projects working on these broader issue. We function with one goal in mind and that is to increacse the inherent value of our tokens. And for us the path is to develop our trading view platform market it and use the proceeding to increacse mores token value.

Q5. What does the BORE name stand for? There are interesting stories behind every successful project, and of course you have to work hard ever day. Can you share one of these interesting stories with us?
from : @Sophiamangak

Ans :So we are fork of CORE, but on BNB. Thats why we chose BORE. Core sits and 50 million dollars in market cap we are 200k and we have a lot of room to grow. And we are excited to work hard and deliver!!!

LIVE AMA QUESTIONS .

Q1.Do you agree that community is a key factor for the success of the project? Knowing that the project has had quite successful phases, but with future plans do you have plans to benefit some communities coming soon?

Ans :Yes we have an airdrop that will be coming in. We will take random Snapshots of token holders unitl the launch. ONce the launch is completed we will disperse the air drop

Q2.Marketing strategy is very important. A product can be established on the market without marketing and promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?

Ans :We have amazing marketing strategy.

Q3.What is your strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?

Ans :Our liquidity is locked forever. Its in the contract we couldnt pull it even if we wanted too. And we are fully committed to the project

Q4. Now, the token launch process is easy, but to develop the ecosystem, stabilize prices, expand the market is a challenge in every project? So what are your team first steps towards solving this problem? what is your plan to maintain token price & supply in the market?

Ans :SO we will release our trading view platform in coming weeks. This will have revenue genrating structure built in it. And we have a few more exciting things in the pipeline

Q5. How do you want to rebuild investor confidence after the failed launch (contract error). When are you going to fix the communication and stop censoring the Telegram channel? Investors have the right to ask difficult/hard questions (not FUD) and it should be your duty to answer them. Currently, BORE token trading has died completely. @grise1234

Ans :It was a simple logical error all people affected have been refunded.Total supply is 10,000 and the team has no current tokens and no tokens to be unlocked in the future.

CONCLUSION.

FOLLOW CRYPTO INFINITY|VN

1. Join Group:
@CryptoInfinity_Community_VN
@BOREvault

2. Join Channel:
@Crypto_Infinity_News
@BOREvaultAnnChannel

3. Follow Twitter:
https://twitter.com/Infinity_AMA
https://twitter.com/BoreToken

🌐 Website (https://bnbvault.finance/)
📥 Twitter (https://twitter.com/BoreToken)
🔴 Github (https://github.com/borevault)
🌎(https://bnbvault.finance/)💬

Announcement Channel: https://t.me/BOREvaultAnnChannel

📝Medium: https://bnbvault-finance.medium.com/introducing-bore-638f766d0d23

MEDIUM :(https://medium.com/@cryptoinfinitycommunityvn)

by:-SB (@SBrock96)