RECAP AMA IDCRYPTO X BITSFINANCE

Speaker : Gabriel Walker (CEO Bitsfinance)
Date : Monday, February 15th, 2021
THERE IS 3 SESSION FOR AMA

  1. INTRODUCTION
  2. QUESTION FROM TWTITTER
  3. FREE ASKING

SESSION 1 (INTRODUCTION)

IDCRYPTO:
Hello everyone, we come back for AMA ID Crypto with Bitsfinance
Today we have an honored guest, Gabriel Walker (Bitsfinance CEO)
who will explain and answer your question guys

Gabriel Walker:
My greetings to all viewers

IDCRYPTO:
My pleasure..
are you ready for this AMA ?

Gabriel Walker:
Of course

IDCRYPTO:
Let’s start to the first session

Gabriel Walker:
Ok yep

IDCRYPTO:
Please introduce yourself and tell how you started a crypto business to the idcrypto community !?

Gabriel Walker:
My name is Gabriel Walker (Chencho) I am 28 years old and I am an entrepreneur who loves this cryptocurrency community … I created this project on the Binance smart chain (BSC) network because I think it has a lot of future against its competitors
.

IDCRYPTO:
Wow, very impressive, at the age of 28 you have started this start-up
happy to know you mate

Gabriel Walker:
it’s a lot of hard work …. thanks bro

IDCRYPTO:
Please explain what is Bitsfinance !?
Can you share with the community what Bitsfinance has been doing since its launch?

Gabriel Walker:
Bitsfinance is a deflationary ecosystem, where users can see an appreciation of their tokens over time.
Since its launch, Bitsfinance.io has been perfecting the protocol to guarantee greater security and long-term stability for our users. We are also building other updates that will bring more things to the ecosystem and building a Farming strategy so that our users can get the most out of it. higher profitability
.

IDCRYPTO:
Good project.. it’s sound interesting..

Gabriel Walker:
Thank you

IDCRYPTO:
Thank you for introducing us to Bitsfinance .. we are happy to know about your project.
And I hope you are one of the most successful BSC projects for the future.

Gabriel Walker:
it will be
but I need the help of the community
.

IDCRYPTO:
Sure.. don’t worry BSC project is cool at the moment, because it lowers fees.
look like introducing is enough.
Can we move on the second session?

Gabriel Walker:
Sure

SESSION 2 (QUESTION FROM TWTITTER)

IDCRYPTO:
FIRST QUESTION

  1. As we know so many project come on bsc Blockchain. But some of them just focus on lower fee and hyipe. They come and disapear after get what they want. Now can yu explain to me why you choose bsc Blockchain beside from lower fee ? And what the different from Etherium blockchain ?
    From @badluck_sobad

Gabriel Walker:
in addition to the super low fees that BSC has … it is also a faster network than eth .. eth is becoming obsolete and there are already faster and better networks like BSC … also that BSC has the support of a large community and I want to be part of it

IDCRYPTO:

  1. You said the bits of the ecosystem helps exchange and user to double liquidity over the years, can you explain how it works in more detail?
    from @BertoltSari

Gabriel Walker:
ok … that is something complex to explain … it is a service that we will offer to exchanges that become a partner with us … that version of the protocol helps the exchange to create liquidity for its tokens within the exchange … that It is due to the appreciation of our tokens and other features … users also benefit indirectly when using a specific pool. more news will come out about that and about our liquidity bridge … not yet implemented … will come out in futures updates.

IDCRYPTO:
Very interesting, can’t wait to use future updates

Gabriel Walker:
Me too

IDCRYPTO:

  1. Personally, I consider two things in any project: the security and ease-of-use. Does bitfinance_io have these two things?
    from @New_Crypto20

Gabriel Walker:
It is easy to use .. you just have to join the Farming pool as you do in any other and the protocol takes care of stability and security .. another thing about security … I do not have access to the supply or liquidity pool. .. my LP tokens were burned

IDCRYPTO:
let you know next question..

  1. every token that is launched will have value if the token has clear utility and usecase, can you explain how your token was launched? what is the utility and usecase of bits token?
    from @grilyant

Gabriel Walker:
Bits is the native token of the Bitsfinance ecosystem and the user needs Bits to buy another token of the ecosystem or to join other Farming pools, since the other tokens of the ecosystem can only be sold or bought with Bits.

IDCRYPTO:
okay continue the last question of this session ..

  1. How confident are you in Bitsfinance’s success? What do you think is the benchmark that your project will be successful?
    from @reykhanz

Gabriel Walker:
I have a lot of confidence and security with bits
the most important thing for a project to be successful,is that the community supports it.

IDCRYPTO:
You are very excited in this session.
I hope you will be excited in the next session.
thank you for your answer and explanation.

Gabriel Walker:
Of course

SESSION 3 (FREE ASKING)

Jesus Freites:
Q: Bits is the first token in the Binance Smart Chain (BSC) network with features similar to Bitcoin mining. What are these features that make it similar to Bitcoin? What have been the advantages that have resulted from the merging of protocols used in BSC and BTC?

Gabriel Walker:
protocol security and BSC security make the token safe and scarce for the user,bits have a halving every year,bitcoin has it every 4 years,with less supply,that makes it more scarce that bitcoin.

Naraiyon:
speak us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?

Gabriel Walker:
Your question is very interesting … the audit is being planned for the near future.
the bits contract is verified in the bscscan .. each person can verify everything by himself.
And yes,we’re error free or bug free.
our protocol does almost all the work,the protocol cannot be hacked,it is impossible,the code will be published in its latest version as we are still working on other features.
for users, the most important thing is tokens,since nobody can change their supply.

Karla:
Bits is the first token in the Binance Smart Chain network, with features similar to Bitcoin mining. Do you think that this feature will allow you to develop in the short term and achieve the liquidity that BITCOIN currently has? What are your real expectations?

Gabriel Walker:
comparing Bits with Bitcoin is impossible at the moment, but that is the goal of Bits, to become a store of value for our users.
the more holder bits have, the bigger liquidity will be,the protocol takes care of that.

Laura Ellie:
Do Bitsfinance token have burn system? As I know burn can increase value from your token and also do Bitsfinance get revenue from $BITS token?

Gabriel Walker:
Yep… we got token burn sistem.
token burning will increase the price of bits, as it opens less in circulation and users need bits to enter the Bitsfinance ecosystem.

prayoga taufik:
How do holders of the $BITS token benefit in the ecosystem? what power within the governance model do individuals hold? why is it so attractive and what are the basic requirements to participate?

Gabriel Walker:
there are no requirements to enter, bits holders will be able to participate in decentralized governance.when implemented,also bits holders in the future will start receiving rewards in another token just for hold bits in their wallet or hold LP token from the liquidity pool.

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