We are pleased to announce our next AMA on November 23rd 2020 at 04:00 PM UTC Time: Satoshi Club x Buy-Sell
⚠️Click to see the hour
⚠️Total Reward pool: $1300
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Buy-Sell Telegram group
We will have the following structure:
Part 1: 200$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 12 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 200$/15 users – Open chat for 100 seconds. You can post Max 3 questions. Buy-Sell Team will select 15 questions and answer them.
Part 3: 900$ – A quiz about Buy-Sell
For more details:
Buy-Sell – @buysell_network
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
You have three types of staking; pooled staking, classic staking and asset staking. What is the major difference between them and which is the best amongst them?
Besides staking, there’s another feature called “Holding BSE.” How is this different from staking? Does one have to lock their $BSE in a smart contract or simply hold them in their wallet and what are the incentives attached?
According to your Medium post, one of the perks of trading through the buy-sell exchange is that you instantly get back $BSE upon trade completion. Where does this $BSE come from and is there a limit to the amount of $BSE that one can claim?
Governance is coming soon, can you give us a sneak peak of what the governance is going to be? Is it going to be community driven?
We earn BSE for each completed swap, what percentage of transaction is given to us as BSE for a reward? What is the percentage of APY for the three types of staking?
I couldn’t find your roadmap, can you please share your roadmap with the group? And where do you see your project in a few years time? How do you aim to move ahead of your competitors in the coming years?
Tell us more about your token? What function will it perform in the buy-sell system?
Your site has a borrow function. Can you tell us more about how it will work and when will it be launched?
What would be the utility of the token beside staking it in the pool and getting a fraction from the exchange fees? would there be any governance as well?
In the staking dashboard section of your platform, there is a timer with the text “time to the next reward”. Can you tell us to what reward does this timer refer and how big are they?
Your Project name is very different as compared to other projects its related to the trading, how this name come to your mind?
One of the most important things in the crypto market is that it can promote projects. What will you do to promote and express the project in which other languages will be spoken?
What is your advertising strategy in the crypto world where dozens of projects take place every day and what percentage of your budget have you allocated for this?
What can you say about the reliability of your security and how many people are your team providing this?
“The reward for a bet depends on the amount of BSE you have wagered in relation to all other BSE bets.”
What does this mean?
What should be the minimum BSE rate and for what time periods? What happens to my reward if I want to close my bet early? Can I extend my betting period? Is there a minimum and maximum reward at all?
I have read that you distribute a certain % from the fees to the hodlers of the BSE token on your pool. Please give us more details about the % and how much shall we stake to be eligible
“Bid approval fee! If successful, the placement fee will be deducted …..”
Can I be refused to place a bet? And what then?
This is the first time I come across this. Please tell us more.
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
What is your governance model and do members have a say in making big decisions? Are you really doing decentralization?
Can you please list some major unique features of buysell network that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about and makes buysell network outstanding?
Is buysell network into any airdrop for now? Some messages I’ve received request that I send tokens in form of ETH in order to receive BSE token. Is it a legit airdrop or some scammers trying to bring down the networks reputation. Also,what plans have you set aside to ensure that real information from your ecosystem get to users in order to avoid scams?
From your recent announcement, I noticed a one month trading competition for $BSE will start tomorrow, where over 1500BSE would be one. Can you tell us more on how to participate in the competition?
Buy and sell revenue sources is mostly from exchange fees and borrowings and lendings where I want to ask is there any credit rating or ranking for such borrowings and lendings and when NFT trades will be available?
BSE is the utility token for the ecosystem whereby BSE holders earn 75% of the fees.While the remaining 25% is used to buyback BSE and burn.Will this also happen with xBSE?
What use cases have been deployed for Buy-Sell and how will these use cases drive the demand and value of the project?
In what proportion does Buy-Sell share Fees realized from the platform? How is the fees shared and who gets from the fees?
How many types of staking does Buy-Sell have and can you please elaborate more on each of the staking and how users can benefit from them?
After visiting your website I saw In every single day the minimum stake increases by 1% and BSE Daily Reward take place with reward disparity from 0.018% to 2.5% . What is the reason behind it to use such mechanics in your staking.
What makes the utility token xBSE to become a value-driven asset for long and future purposes.
What are the plans for the needed volume to get approved for Both CMC and CG
Does the $BSE token also represent a governance token? Can $BSE holders engage in decision-making? And if so, what would that conclusion be where the headlines can uplift their voices?
Is BSE a attentive and a well grounded platform for investors? What value does $BSE bring to investors as well as the blockchain community?
I saw there are so much features on website and wanted to test them and realised none of them except Swap & exchange works. I am so excited for launch especially about Earn feature.
When can we expect website to be done with all features? Is there requirement to become possible to use Earn feature, does it requires some investment to start using it? What will users do so they earn?
Please explain more about it.
On website there are 3 staking types of staking: pooled, classic and asset staking.
-Pooled staking is gaining returns by adding value to the pool trough staking.
-Classic staking is gaining returns from 41% collected of fees from BSSwap.
-Staking BSE we farm any preferable token assets from the list available on website.
What staking is independent from transactions and swaps done on BSSwap and always has same returns? What staking gives highest returns at this moment and which one has highest number of users?
I wanted to learn more about your project from medium since website is still developing. I opened medium link from official website and it says “page not found”.
Do you actually have medium profile and why did you put medium profile link on website that doesn’t exist?
Recently they did a touch up on the $xBSE farming portal. What were these new changes and why did you decide to do them? How will these changes improve farming within the platform? Will $xBSE be used for bidding in the next auction and also for trading on the #NFT?
How do the new 3 pools; BSE-ETH, xBSE-BSE, xBSE-ETH, created by Buy-Sell provide liquidity and start farming $xBSE automatically? Where can I create these pools? Which platforms make the process easier for me? Can you tell us all the details about them?
Nowadays there are more and more platforms that cheat their users and disappear with their money. My question is, what does offer Buy-Sell that will provide confidence to everyone? How is it different from other farming platforms? Why should we invest in your platform? Thank you.
In Buy-Sell exchange one needs to to unlock membership with BSE token, then perform exchange before they can claim each BSE reward…. Is the unlock of membership Using BSE tokens done by Just holding the tokens or is this done by Using them to pay for membership, Why did your incorporate this idea into Buy-Sell Exchange.. what will be the amount of Tokens needed to unlock membership and will there be different levels of membership
You stated that Buy-Sell will be having an NFT auction where xBSE will be utilized as a bidding token… Can you explain How this auction will work, What NFT’s will users be bidding for, will this NFT’s be provided by Buy-Sell or will Users be able to offer up their NFT’s to be bidded for by other users… what will be the requirements for participation in this Auction..and will your Auction be done for only NFT’s..
I see that your decision making process and Community Governance will be done through “Govblocks”…Govblocks is quite new to me… can you explain how your governance process through “Govblocks” will work..and why you decided to use the Govblocks platform for Your Governance
Attacks on DeFi sites and platforms have become more frequent lately. Is your community well-prepared in such situations, are the assets of depositors fully protected?
Can you explain to us what the Nexus Mutual Automatic Insurance is and how it works? Is it really “safe”?
Can you mention and explain to us the advantages and innovations that Buy Sell Exchange has with respect to the market leading DEX?
In your documentation you mention that “Unlocking Membership With BSE Token Is The Key To All BSE Rewards And Benefits”. Can you explain to us what this membership consists of and what the requirements are to be able to participate in it? Finally, please tell us what the benefits are of belonging to this membership.
It looks like the team has chosen to stay anonymous for the purpose of privacy and decentralization. Do you think that this can scare off potential investors, because any anonymity of team members significantly increases the rugpull and scam case?
We can buy fiat from Buy-sell platform. How do you deal with the high fee that fiat currencies usually take, and how is it in the platform?
BSE holders earn 75% of the fees, while the remaining 25% is used to buyback BSE. That means 100% of the fee is destined to the commumity. How is the platform sustainable, where does it get funds from?
Tranzak is your partner for the fiat/crypto gateway in the Buy-sell, why did you choose it and what are your expectations with him?
holders earn daily or monthly BSE. What is the difference between these differente types of staking besides the payment date?
During your explanation of how Buy Sell DeFi Exchange works you mentioned that “Is connected to top decentralized exchanges and synthetic asset providers” This means that it works through intermediaries? How does this affect commissions?
If I decide to become a Buy Sell $BSE token holder, what benefits will I receive within Buy Sell? Will I receive any percentage of your profits? Discount on transactions?
When will the Buy Sell mobile application be officially launched? Are you all set? What’s next for us?
Can I know how many blockchain did “Buysell network support ? Are there any reason that we need to access some blockchain simultaneously?
Eeryone who holds BSE make this. Why should the community use Buy-Sell before other DeXes?
Why should the community use Buy-Sell before other DeXes?
There is an interesting news that i’ve got from buysell TELEGRAM, that you will have AUCTION feature. So what kind of item that we can buy/sell from that auction and how is the procedure to become a member from that auction? Is there any requirement?
I see that BSE already launch at Uniswap, thats a great news. But why still doesn’t list on Coingecko? Can you please share what is the problem?
I already do staking in your platform, my question are do you have any plan to add more asset in your “asset staking? How much % of APY that we will get if I add BSE to “asset staking?
On some projects, one participant received all the awards and it was unfair and did not promote the distribution of wealth generated by the network. How do you think about it? Is your project like that too?
Many platforms offer most of the benefits to the lenders and forget about the borrower. On your project, this is different? What are the borrower’s profits and benefits that the platform provides? What are the features of your loan model?
I saw a feature in the “Pooled Staking” that “Every 24 hours, the minimum stake increases by 1%”. What is the current minimum? Since this is done daily, the amount will get very big soon, for example it will double within 70 days, triple within 110 days (geometrical). This will result a decrease in the number of stakers. Wouldn’t this be a problem for the survival of the service, cause new stakers will not come, besides, the unstakers will not return? Will this feature continue for a limited time or forever? How will you manage it?
How can I calculate the BSE rate at which I can deposit the BSE amount and earn and how does the rate change in relation to the value added to the Buy-Sell network the previous day for the rewards to be transferred per event? What is the minimum BSE amount?
You offer 3 different staking types. How can BSE holders determine the best type of stake to earn daily or monthly rewards? What are the issues to be considered that increase the rate of BSE holders?
What is the difference of Buy-Sell (BSE) compared to other DeFi platforms in the introduction of services such as synthetic asset exchange, governance, equity, farming and borrowing, and what role will the BSE token play in increasing the value of your ecosystem?
BuySell is All-in-1 blockchain ecosystem which includes non-custodial exchange, DeFi exchange, staking. There are plenty exchanges which are doing this. So, beside the cool name, why else would I want to use your services?
How profitable is the farming system of Buy-Sell ? Can you explain it’s mechanism? What is the benefits and drawbacks of this service in your platform?
Buy-Sell website was down today and it seems that it cannot be accessed. So is there any problem or issue on going with your website today? What maybe the problem of the error of your website? Is there already actions being done to get back the website?
Buy-Sell provides additional rewards to the community and xBSE holders for simply providing liquidity to pool with in the buy-sell ecosystem. This comes from a 10% fee that is been charged for selling and removing liquidity. This helps to keep liquidity providers in the pool and prevent random exit and entry.70% of xBSE rewards will be distributed among the remaining liquidity providers at the end of each month. And the remaining 30% will be used in implementing further dApp upcoming products that will utilize xBSE. So with this condition, how many months that it takes for the distribution? How does your platform determine remaining liquidity providers? Out of 70% ,how will be the calculation of rewarding remaining Liquidity Providers? By this distribution, is this clean already? Is there no hidden charges like gas or transaction fee?
What is the role of the community in the governance of the your crypto ecosystem in order to be able to call it community driven? Which members of the community can participate in the decision making?
I’m very interested to know more about the governance function, what will token holders be able to vote? Will they able to vote for radical changes like – the project’s name, stacking model, percentage of rewards distribution, hiring and firing members of the team etc. How far token holders can go?
BSE has 3 types of staking :
pooled staking
classic staking
asset staking – I check and found staking UNI tokens has an APY of 276%, wow, what’s the catch here ? Why is the other assets like USDT, UMA, Maker and YFI having 0% APY.
How do you choose this asset to be in the list ?
I have clicked “earn” tab on your site and saw the message “Earn is Coming Soon”, i.e. there is nothing so far. On my mind, this is the first&main question which everybody of your newcomers are interested in: how might i earn with Buy-Sell and how much.
So, what should we see soon on that page? Could you disclosure more detailed what other ways of earnings you will offer, unless staking? And when?
It’s very cool that I can manage all my assets from an erc address, but I for example have several addresses that I use. Is it (or will it be in the future) possible to connect multiple addresses as well and to have a unified view on all assets from multiple addresses?
The statement that ” no development or team allocation ” is quite interesting. How will you able to put the platform together with no allocated budget or how will the BSE developers be able to get their payment if there is no token that assigned for them?
Will you give us how will xBSE can use as a bidding token for Buy-Sell platform auction services. Will this token alone can be able to buy digital items and cryptoassets when BSE launched?
Stacking allows me to make a financial profit. In Europe, the law (5 Directive) on money laundering and counter-terrorism has been adopted, which forces users to identify and report income. Please tell me Your attitude to this law and whether I will need to pass KYC and pay taxes? (does your info go to any regulatory authorities?)
Users needed to unlock membership with BSE token before they can claim BSE rewards when they perform exchange. How to unlock membership with BSE. How many tokens users needed to hold and is there a plan to offer premium membership?
On the Assets Stacking page, I saw the number of percentages (276%) only under UNI. Others (USDT, UMA V1, YEARN.FINANCE, MAKER ) are shown zero, they don’t work yet? And I was confused by the inscription –NOTE YOU PERMANENTLY STAKE BSE TO FARM UNI OR USDT OR UMA ETC, AND BSE CANNOT be RETURNED ON THIS TYPE of BETTING. What does this mean that I can’t pick up the BSE?
I see two swap options on your site, Non-Custodial Exchange for about 20 pairs only, which works now, and DeFi Aggregated Swap which doesn’t work yet, launching soon. Could you say what advantages DeFi Aggregated will have vs Non-Custodial? Will it provide a lower network fees and thus better rate? Or, will it provide much more of crypto pairs? Or what else it improves?
Good afternoon. I’m not very good at terminology, so my question is. What does Non-Custodial Exchange mean?
Is it some kind of simplified form of DEX or, on the contrary, a more complex exchange with the creation of a private key for each asset?How many coins do you support and is the exchange always available? Do I need to wait until an order with the asset I need is created, or do you take liquidity from other exchanges?
Among the partners, I saw the Totle is DeFi Aggregation it is connected to top decentralized exchanges and synthetic asset providers. There is also a LID-Liquidity Dividends Protocol. Govblock allows you to Align the reputational and financial incentives of all stakeholders. So Your project is an aggregator of third-party services? But then you need to take into calculation the conditions of these projects, which charge interest for using their services, and add your interest. I really want to see the final figures of the terms of use of the Buy-Sell project. What are the swap fees, what will be on your exchange, what is the yield on all types of stacking (3 types) and e.t.c? Can I find out this info before I decide to buy a BSE token?
As i see, the exchange is as one of key functionalities of your project. Now you have about 20 pairs live, and you promise to add about 200 erc20 tokens to DeFi Aggregated Swap. But for sure this doesn’t cover all existing coins&tokens, there are thousands of those and many new appear daily. How will you list new coins&tokens? Will you decide yourself what to add? Or, will you have a certain listing procedure when someone need to apply, pay fee, etc., i.e the same like centralized exchanges do? What a value of listing fee do you estimate? What criterion a coin&token must have in order to get listed by you?
I’ve been researching your web and couldn’t access to the farming section. What happened? Security or technical troubles? How is Buy-Sell protecting their data?
Buy-Sell has just launched $xBSE farming.
There are 3 farming pools options:
– BSE-ETH
– xBSE-BSE
– xBSE-ETH
What are the diferences between each one of them?
“There is no account creation, holding or storing of BSE on the website” That’s in your staking section. But, where can we see a whitepaper with all the security details? How does Buy-Sell can reject or be protected from an external attack?
what is the difference between BSE and xBSE? provide details of the differences
your name is Buy -Sell so you like Exchange? if it is true what coins can be exchanged and there are any pairs
✓ 100K Max supply with only 50,634 circ supply
✓ Think of liquidity and swap.
✓ Think of Staking.
✓ Think of Farming
✓ Think of NFT
✓ Think of Lend & Borrow.
✓ Think of Vault
then what are the differences from other projects or the advantages and disadvantages of your project, answer honestly
Now, a large part of the world that has entered a new industry is virtual currencies. However, why are there so many people who do not know how beneficial it is to invest in these virtual currencies, even to the point where BTC reaches the top and still does not know. to bring non-crypto apps to Buy-Sell’s ecosystem? How can you balance technological development and token value improvement?
I believe some trademark names in the ecosystem really have effect beside PR efforts of course. So Why didn’t you pick up / create a different brand name / trademark name to be kept in mind ? I wonder how you’ll survive in google search results indeed
I’ll start with a compliment. After a careful study of the site, I was pleasantly surprised. We are used to seeing aggregators that take liquidity from several exchanges built on Ethereum and think that this is enough. Yours is much more interesting. But the fact that there are so many coins presented on Buy-Sell Swap causes and many questions. What do you actually aggregate? For liquidity with Dex not on Ethereum, you need bridges. To work with fiat, linking to CEX, possibly kyc and a negative test for covid-19…In general, the question is, are you an aggregator of DEX and CEX or are you something like BestChange with a pretense on DeFi?
Is Buy-Sell Launh Appp still in beta testing, or can we already make money on pool bets and other types of staking? Tell us what is more profitable in terms of profit and are there any restrictions in the form of minimum amounts or penalties for early withdrawals
While I was preparing the question, there was a counter in the system pointing out that “time to next reward” How does this mechanism work?
I tried to locate your whitepaper to take a closer look at the tokenomics, but couldn’t find it. Can you tell us when do you plan to launch the whitepaper? And if you’re not planning to, please explain why, because this is not something that I see often. Thank you
One of the pools of buy sell is BSE-xBSE, so what is the differences between this both token? Also what means the “x” behind the last one?