Judy_Host of EncryptClub: As a longtime DeFi community, we are accustomed to using Dextools to search project and price information. Dextools has gained lot of traction as one of the most popular search tools on Ethereum. However, the rise of Binance Smart Chain and Huobi ECO Chain triggers strong demand for an App to fulfil the function of Dextools on them. Luckily, we happen to find that BSC.tools has gradually improved project search and aggregation functions on BSC, so we invite Chris, CEO of BSC.tools to our community to share more information about this project. With BSC.tools, we can discover projects on BSC right the first time.
Welcome to EncryptClub, Chris, would you please introduce yourself to the community?
Chris: Hello everyone. It’s my honor to be here today. My name is Chris David. I am the CEO of BSC.tools
Thanks for your introduction, Chris. Here comes the first question of our AMA.
Q1：What BSC.tools can do for users on BSC?
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, easily to use across platforms.
Q2：BSC.tools token fundraising is live, what is the role of $TOOLS in BSC.tools ecosystem?
Chris:The TOOLs token has the following planned and current use cases:
Liquidity mining: Users will be able to earn TOOLs token as rewards for providing liquidity.
Governance voting: TOOLS holders can vote on features that they’d like to see on our platform.
Membership Upgrade: BSC Tools is currently in open Beta. After the open Beta period ends, you will need to hold a set amount of tokens to access advanced features. Different membership tiers will be available in the future.
Payment: BSC projects will be able to use TOOLs to pay for sponsorships and advertisements on our platform.
Q3：Why we need BSC.tools? What are the innovative functions of BSC.tools when compared with Dextools？
Chris:Everyone trading on Binance Smart Chain right now knows the true demand of a charting and data analysis tools. We’re born into that actual and great demand. We will help the investors to make better financial decisions, as well as earn more profits themselves by using our platform.
Q4：As CMC-like project on BSC, how will BSC.tools collect information for projects on BSC and ensure the authenticity of the information?
Chris:We build our own block chain nodes and crawl the data in real-time from the Block Chain. We don’t rely on external APIs.
Q5：Traffic-entrance platforms have stable revenue no matter the market is bearish or bullish, so what’s the future development plan of BSC.tools?
Chris:Yes, that’s true. Our platform will expect a stable amount of user no matter how the market is. We have lots of great features lined up in the future that $TOOLS holder can benefit from. You can have a look at our features and their brief-description:
Pair Explorer — brings all details of your favorite pairs in real time tracking.
Pool Explorer — gives you live and up-to-date data of any projects featured on BSC.
Multi Swap — allows you to swap multiple pairs at once and on a single browser.
Portfolio & Yield Optimizer — gives you the ability to trace the movements of your cryptoassets over the time and discover the best trading strategies to increase your profits.
Custom Indicator & Pine Script — enables you to add custom indicators to charts for optimal trading experience.
Gem Hunters Network — keeps you up to date with the hot new projects in the crypto space.
Judy: Here comes free QA session, guest can choose 1–2 lucky questions to give a brief reply.
User1: Do you think BSC has a promising future? What will happen to BSC.tools if the gas on Ethereum decreased?
Chris: BSC has one of the biggest advantages among the chains in terms of low gas fee and high transaction speed. The BSC ecyosystem is growing and more high quality projects like us will be coming soon. Binance is currently spending more and more resources to develop their BSC. We will have a shining future here. Even if the gas on Ethereum decreased, it will never come close to the low level of BSC
User2: Is your smart contract ready now? how will you ensure the security of users assets?
Chris: Our first feature that has smart contract integration is still in development, but we are already working with a big smart contract auditing firm to perform audits for the project. We want to make sure our platform has the highest security possible and is flaws-free.
Judy_Host of EncryptClub: Thank Chris for joining our AMA and sharing so much valuable information with us. Thank you all for watching this AMA. EncryptClub will work hard and bring more wonderful content for you in future.