We are pleased to announce our next AMA on March 18th 2021 at 04:30 PM UTC Time: Satoshi Club x BogTools
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join BogTools Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. BogTools Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about BogTools
For more details:
BogTools – @bogtools
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How much is bog different/ similar to link for eth and bry for bsc?
I read in your litepaper that All components of the Bogged ecosystem are unlocked through use of the $BOG Token. So what will happen after stage 2 after releasing the sminem token will the users be able to unlock the components of $BOG ecosystem with the new token sminem?
Why did bog face disappear?
Is $NGMI worth anything?
The bogged ARG website says “fixed total supply” of 2.5M BOG while the lightpaper says “initial supply.” Which one is correct? Also since there were no dev tokens reserved, how will the coin be listed on exchanges?
What is the connection between bog face and Juozas Statkevicius https://www.instagram.com/juozasstat_official ?
How long do you think it will take for BogTools to see more widespread adoption by other BSC projects?
Can you tell us more about the Sminem NFT marketplace you had planned?
How will limit orders work? Do you just give BogTools an allowance to buy with tokens from your wallet balance or do you have to send the money to the contract in advance? Will limit sells automatically send the amount to your wallet? How much gas would they cost?
I read on your twitter page that BogTools has released their easy-to-use Verifiable Random Number oracle for developers. Can you tell us more about it and how it works? Speaking of this randomness oracle, how accurate is it? It could ever happen that this randomnes oracle provides the same secure random numbers on-chain? I saw you released it on BSC, any plans on releasing other Randomness Oracles for other blockchains in the future?
I read on your twitter page that on March 11, you experienced a short DDOS attack earlier that day, but you were able to successfully mitigate it within about 15 minutes. Can you tell us more about this attack? What happened? What security measures have you take since that day to make sure this won’t happen again and to give the security your users need to be able to completely trust BogTools? Have you been audit before or have plans on doing so?
According to your roadmap one of the few things thta you haven’t done yet this month, is “Deployable Price Oracles for any Pancakeswap Pair”. Can you tell us more about this and when will this happened? Also, Pancakeswap suffered a hacker attack very recently, if this happens again, how could this possibly affect BogTools and its users?
I read that the bogtools roadmap is flexible, so how do we do if we want to expose important ideas to this project to improve the ecosystem? at the same time I want to know how to be part of this team in creating different types of dapps?
Is it possible some kind of error in the operation of an oracle implemented in a dapps that puts our financial assets at risk? What kind of security support do they offer us, how do they care about the welfare and safety of the users?
What kind of options do we common users have with this currency called BOG, can you make staking, investments, bets? what is the utility and what is the value based on?
BogTools “has the rails built in to enable community governance”, this once enough holders are reached you’ll be using a governance contract, will these holders need to pass any requirement in order to take part on the voting power of your ecosystem? How many holders are you aiming to reach in a short term?
I know it’s far long for the next year, but It called my attention your intentions to build cross chain solutions, how are you planning to achieve it trough the BSC infrastructure? What innovative fields will you use?
You claim that BogTools fees are modifiable and “once enough holders are reached” BogTools will move
to using a Governance Contract. How much is enough holders, and when do you expect this amount of holders will be reached?
Pancakeswap recently had a security breach, what measures does your pop-up project take when these events are presented and what guarantees does it offer to its users?
The BogTools is currently using deployed oracles for three pancakeswap pairs, what’s the difference between these three oracle versions? How can other projects incorporate your oracles to develop other dApps?
In one of your docs it’s written that you’re offering free credit to early adopters of your Oracle, maybe some investors will be particularly called about this offer, can you provide more details about it?
We believe that Bogtools have top security for their projects. However, scammers and hackers still remain. How does Bogtool react to secure or to avoid the possibility of being appropriated by hackers?
In the project’s litepaper you state that user-friendly interfaces will be built that will allow developers and all BSC blockchain users to implement bogtool contracts to perform tasks continuously on the blockchain. How can a developer or user get to implement smart contracts? What is the first thing to do?
BogTools NFTs use drop-down bogtools to execute potential gamification contracts and other features that produce use value. Can you explain to me what this means? What are the different cases in which I can use the NFT’s?
I have read in the project’s litepaper that if I’m not mistaken you have an auxiliary token (NGMI) that is sent to the BOG vendors. What good is NGMI? What are its utilities and use cases?
In your litepaper you say that when you have holders of the $ BOG token you will enable voting and governance of the token, do you have an estimated date to do this? How many $ BOG do I have to hold to vote on the project?
I have read your litepaper but honestly it has not been very clear to me what is the purpose of BOGTOOLS in the DeFi ecosystem, what are the problems that you solve? What is the broad vision of BogTools in both the short and long term?
What are the next steps you are going to take to attract more users to BogTools?
I understand that BogTools is a next generation Infrastructure and public services that is developed in BSC, but really those new generation services can only be compatible with this chain because it is the newest? or really why not have it for the other chains?
The vast majority of Oracles make a lot of reference to “Verifiable Chain Randomness”, could you really tell us a little more in detail about the importance of Blockchain Randomness?
I read that you plan to expand the oracles outside the chain in Q4 2021, but have you already defined which chain you will expand your services to? And for this, should they make any modification to its structure or any change?
You mention that “All people who carry out transactions in BOG will be entitled to gas reimbursement tokens”, but could you really tell us how much% of gas would you reimburse? or will it be the full amount?
You mention that with BogTools it will be possible to facilitate and simplify the services in the BSC dApps, but what is it really that makes oracles services simplify and facilitate? And by simplifying them, can the rest of the existing problems in the oracles be solved?
Could you really explain to us what are the problems in the oracles that causes experience with pain in the dApps and their developers? And how did Bogtools manage to eliminate that pain?
Currently there are very few dApps developed in BSC, and the vast majority are swap, do you think that the lack of a simple and efficient oracle has prevented more Dapps from being developed in this chain? now with BogTools, will this number increase?
With so many swaps in the BSC chain, why would only BogTools provide Dropdown Price Oracle for any pair of Pancakeswap? Why not contribute your services to the rest of the swaps?
With one of your features ARG, it’s interesting to note that BogTools allow the gamification of any token by executing code on the blockchain as creators will be able to add game elements to their transactions. Are there limits to how much modification and freedom a creator can go about with their token gamification features or does BogTools give creators unlimited freedom to do so irrespective of the outcome in direct comparism to the use case or feature of such project?
At present your tokenomics model includes 4.5% fee on all transactions, where 4.4% is distributed proportionally to the liquidity providers. It’s also worthy to note that transaction fee will look to be drastically reduced as more BogTools are deployed. Is it to say if deployment doesn’t increase, transactional fees wouldn’t necessarily go down? and what are some strategies the team seeks to employ to increase the deployment of more BogTools?
From what I understand, bogtools smart contracts execute each time a bog transaction happens. For time critical functions like limit orders, and even price/charts, I feel like bog transaction volume has to be constantly high for them to work properly. What mechanisms do you have in place to ensure this?
Are the fees at BogTools really low and regulated? Wouldn’t the gas you use to maintain your BogTool implementation + an additional percentage (%) be costly to offset the ecosystem and the BogTool developers? What exactly are the compensation percentages?
They say that currently, the token charges a 4.5% fee on transactions to reward liquidity providers. But this is not a really high percentage (%) for users? Don’t they consider that the percentage given to liquidity providers is a lot?
When making a transaction in BOG, will I be entitled to the gas refund tokens that will be refunded? This refund is only received by people who transfer BOG to another user who will receive BOG? How can I claim this type of refund?
About the security since the pancakeswap had been hijacked recently, what if your platform experience that kind of situation what are you gonna do?
Why did you choose BSC?
What is your plan for your platform in the future?
Can you explain to us the BogTools easy-to-use Verifiable Random Number oracle for developers? How it is being operated? What is the good and the bad side of this oracle? Thank you
Bogstools just recently launched price oracles for four key pairs $BNB, $ETH, $CAKE and $BOG. Not only are they updated live on your new site, but we can integrate them into project in seconds and it’s free forever. So how this integration works? What is the use of integrating? Aside from those four pairs, do you plan to add other pairs or tokens in the future? If yes,what would it be? Thank you
This project provides decentralized on-chain oracles and code execution on the BSC blockchain. At the same time, allows gamification of any token by executing code on the blockchain. How do you intend to execute these goals simultaneously without breakdown. With the first and second phase of proof of concept ARG deployed. What should users expect in further phases of the ARG?
When are you guys going to give us a house tour of your 4 bedroom apartment in Holland?
When are you guys going to give us a house tour of your new 4 bedroom apartment in Holland?
How fast is the processed of collecting needed datas to be feed by Bog Tools to its users? What are you using to collect needed information to run your oracle?
What team is behind the project?
BEP-20 token creators will be able to add interesting and exciting game elements to their transactions with ARG BogTools. What kind of games are you referring to that might be pair with this mechanism and will it needed extra funding on the creators side to execute this?
Will you explain to us what is Bog Tools proof-of-concept ARG, and the usecases of ancillary token ( NGMI ) and Sminem that under it. How can users get ahold of these NGMI token and Sminem NFT?
After reviewing the information on the site bogged.finance about BogARG – Alternate Reality Game, I noticed a roadmap that is specifically for the ARG. Why were steps 3-16 removed and what information did they contain? And what’s the point of Stage 17: “It’s inevitable, after stage 16 the world governments will have no choice but to adopt BOG as the global currency. Men will plead for 0.000001 of your BOG to feed their families. We will all live as Kings under the benevolent rule of the Bogs “?
According to CryptoMoonShots on Reddit, $ BOG’s main competitor is Berry Data ($ BRY). Do you agree with this opinion, who do you yourself consider your competitor and what actions are you taking to get to the leaderboard?
All transactions incur a 4.5% fee: 4.4% is redistributed to the $BOG stakers and 0.1% is burned. How is the redistribution of 4.4% carried out and is there a possibility of reducing the commission?
Does BogTools use a burn system? If so, would you explain what’s the percentage of tokens burned per transaction?
I read that BogTools will also implement a NFT Marketplace. Would you share more details about how it’s going to work and the main features of this marketplace? Will the NFTs traded there be created by BogTools or can users also create their own NFTs to interact on the marketplace?
Right now BogTools is for Binance Smart Chain, but do you have plans of working with other blockchains too?
I’m interested to know about BogLimit, a tool that allows to place limit orders on BEP20 DEXes. Can you explain how does it work? Is it similar to other platform’s tools? Also, which BEP20 DEXes are available to use with BogLimit?
The ARG feature is a gamified component of the BogTools ecosystem. Can you give us more details about it? How does it work? How can users take advantage of this feature? I read that other elements are involved, such as the token NGMI and the Sminem NFT, so can you explain what is the role of those?
On the BogTools website it’s mentioned that when using $BOG, a fee of 4.5% is charged on transactions to reward Liquidity Providers, but this will be removed in the future. Can you explain more details about this? In the future, there will be reduced fees when using BOG? Does that mean that Liquidity Providers won’t be rewarded anymore or will they be rewarded from other sources?
Recently there is news about Pancakeswap have been DNS hijacked by hacker and people get warning to not use Pancakeswap, do BOGtools got effect from this problem since using same chain in BSC? What precautions are taken by Bogtools’s team to avoid similar problems in the future?
Bogtools is Deployable Smart Contracting Oracles with contract execution functionality powered by the Binance Smart Chain. so is that mean your project only able use in BSC blockchain ? do you have plan to expand to other blockchain like polkadot,ETH,and etc ?
i read your lightpaper and you claim BogTools is unique because it is the first ever implementation of such a system.Maybe because its first and unique project, i dont quite understand about what is your service about. can you tell in simple explanation what problem that you try to solve for user who use Bogtools ? and what is the Random Oracle that you claim its unique, what is the use case for Random Oracle?
Do you think BogTools can contribute to and enhance the blockchain game development scene on BSC? I’m a game dev myself and I’ve been holding off from committing to a fully fledged blockchain game project seeing as how most titles on ERC protocols fail due to the gas fees and how considerably non-dev-friendly BSC environment is for such projects. Does BogTools have the potential to lure game devs such as myself away from ERC and into BSC?
What role do you envision your stakers having in the Bog ecosystem in the long term? You stated that the 4.5% transaction fee would be removed only after fees earned from the usage of BogTools are equal to or greater than them. How would that process look like from the perspective of your stakers? Do you plan on keeping staking as a lucretive option or will it slowly diminish in value and become redundant as Bog matures?
Have you been contacted by anyone yet regarding the possible adoption of any BogTools features? Has there been any corporate-level interest in the project that you would be willing to disclose thus far?
When it will be BOG listed to other exchanges?
Right now, transaction time is pretty long.
More than that, is easier to buy….but almost impossible to sell.
You can guess what people think when they can buy but not sell
Also, the price will be higher if accessible on other exchange.
Tell me how flexible the ARG BogTools can be? Is it possible to tokenise items in an existing RPG? In combination with NFT, this could turn the existing game world upside down and turn time-tested hits into a constant source of revenue. And it could be a Win-Win system.
Bog since the beginning has given good incentives to provide liquidity and maintaining it. What will be the next?
It is technically possible that BOG will cost 100$ per BOG?