We are pleased to announce our next AMA on April 18th 2021 at 03:00 PM UTC Time: Satoshi Club x Busy
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Busy Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Busy Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Busy
For more details:
Busy Website – busy.technology
Busy Telegram – @busy_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I have two questions
Q1-Any notable upcoming future partnership that is being worked upon?
Q2-Tokenomics of Busy?
I read on your website about MXC exchange IEO on 21st of April, so can you tell us how much is the total supply for the publicsale? Is there another publicsale on BUSY roadmap?
First of all, congratulations on your recently concluded seed and private sale event which was said to be highly oversubscribed as you were able to raise about $700k in seed and $1.2M. How are these fundings expected to be deployed within your project. And for us in the public category, I learnt you have prepared a dual IDO/IEO on April 21 to be done on Poolz and MXC Exchange. The procedure on how to join Poolz IDO is a bit clear as it will require a whitelist but the sale model on MXC Exchange is still unclear. Kindly explain better how these two public sale events will be conducted and how interested investors can participate. Thanks
While I was busy studying the BUSY project, I came across a new technical term called “Transaction Families”. I have read that these transaction families can decide which transaction is executed on the blockchain and which one does not. So if I may ask, what are transaction families and how are they formed? Are they validators? And since every social family is unique in appearance and operational attributes, does it mean every e-commerce that want to build on BUSY Smart-Contracts will be able to initiate their own transaction families and define the their transaction families rules of engagement?
The BUSY platform is going to implement an Anti-Spam Tool and this is going to work by causing $BUSY coin to be consumed whenever a message is to be sent from one user to another. Under what circumstances can this feature be activated and how will this method stop spammers on the BUSY platform who may want to multicast same message to multiple users? Also, how are the Trust Indicators adopted in this feature algorithmically designed to accurately help users to identify notorious spammers and spam messages as soon as such messages are sent to them?
The Busy freelance platform will be built on a unique Web 3.0 technology as a “charge-free” solution that will make every user a vital part of the platform’s decentralized ecosystem. How will Busy conveniently manage and maintain a platform especially a freelance platform without any underlining fees or subscriptions, and how can a freelancer/user continually grow and increase their reputation on the Busy platform?
One of the major feature of the BUSY coin is the utility staking and making it even more interesting, Busy also offers every user the option to choose whether to perform staking — online or offline which is one of the various unique features the Busy technology offers. I will particularly like to know how offline staking activities can be performed by a user and why are staking rewards set at 33% p.a and who are the categories of persons entitled to such benefits?
As we well know, Busy DAO is a decentralized distributed solution that takes advantage of blockchain technology in multiple cases. Can you detail which are those multiple cases to which you offer a solution? What advantages do they have? Do you use your own consensus test? Can Busy be used on a variety of e-commerce platforms?
Busy is developing B2C model while currently focusing for the freelance business sector. As covid pandemic also increased the number of freelancers, Busy might provide great solutions for the needs. But as there are other solutions for freelancers, why would people choose the decentralized platform you are building for freelancers? What kind of problems current platforms have and what do you provide for solving those problems?
Busy gives staking rewards for the users who add their coins for staking. Currently many blockchain solutions implementing deflationary mechanisms and burning systems. But I didn’t see anything about burning on your whitepaper. Also interestingly the staking rewards is fixed at 33%. Wouldn’t these mechanisms cause inflation? If the staking rewards are fixed and can not be changeable after the system is implemented by many people, won’t this cause for token inflation? How will you solve this problem?
You can briefly explain how Busy technology will occupy the defined space through the e-commerce sector, guaranteeing the new era and the engine for the freelance sector, what are the main paradigms to break with decentralization by applying this strategy, how do you benefit? users with this method, what is special and how does it make the difference between the traditional system?
Traditional Technology vs Busy Technology as this sector differs from traditional methods to guarantee a better experience through e-commerce, which adapts to the great Defi innovations such as NFT / STAKING, offering revolutionary solutions towards decentralized technology, which would be the special utility of this system in the STAKING / NFT and the great elements for the opportunities that this decentralized system offers?
When viewing a graph that shows in your medium article, observe that With the Busy tecnology technology when we buy coins and add them to the decentralized platform we can make an exchange or swap within it in which we can convert the tokens into FIAT / Other cryptos And also the staking gifts we can take advantage of with this system, my question to obtain a greater return on these benefits of the e-commerce system would be how the fees that apply here to make withdrawals would be since they do not explain this part a little I would like to know What are the rates that apply here for this type of method?
You say that Busy technology uses blockchain solutions as a base, bringing some benefits such as security, avoiding the so-called double spending and these guarantee a high performance of the entire network. My question is, since you have amazing technology, will some projects be able to partner with you to be able to acquire and implement it in your project? Are you the only ones who currently own busy technology?
I understand that each user of the Busy platform can, through the participation of public services, benefit from participation with a fixed reward of 33% per year. But how do they keep this annual reward with the same performance? And to participate in this, is it mandatory to do it with your native token or can you get this 33% with any other asset?
In your website and documents I could see that you mention Web 3.0 a lot, so I would like to know, what is the relationship between BUSY and this website? how BUSY technology harnesses the potential of web 3.0? And what are the benefits that this website generates for BUSY?
Quoting from your website, you said that busy is next generation DAO. This brings me back to the first generation DAOs that had vulnerabilities. How secured is your project. Will our funds be safe? Have you audited your smart contracts? What is the “next generation” features of Busy technology In the US, DAOs are really not allowed, is busy technology operational in the state? Which countries are supported?
At Busy You are developing the next-generation DAO platform for freelancers which will cut the edge in blockchain technology, DeFi and NFT solutions and also revolutionizing B2C/C2C model through leveraging the utility of Web 3.0. What are the edge in blockchain technology that are not decentralized that you plan to cut in Busy and also how do you plan to upgrade the business 2 consumer / consumer 2 business model in a Web 3.0 generation.
Busy DAO is a decentralized distributed solution leveraging blockchain technology in multiple cases. What are the problems in multiple cases that Busy Decentralized autonomous wants to solve and how will it be favorable to bothe users and businesses.
Busy technology uses blockchain solutions as a basis. It uses its own proof of stake consensus, where users who verify the authenticity of blocks are randomly selected. How is the problem of blockchain solved through the process of these random users that verify the authenticity of blocks
Why do you choose to launch your IEO in MXC Exchange and IDO in Poolz at the same date April 21? What advantages and good benefits that those platforms brings to Busy platform and to investors? Does the price of $BUSY in both IEO and IDO is the same or it varies depends on the platform? For investors to have more info about this public sale,can you tell us more details about it especially the whitelisting process? Thank you!
In your medium article, you describe Busy coin as the future freelancer’s cryptocurrency. So can you simply explain more about this statement? Aside from this ,what other uses of Busy coin in you platform and in the market? Thank you
You have announced our whitelisting for the $ BUSY IDO via Poolz Platform to be held on 21st April. And you run the meme and article competition from April 15 to April 19th (23:00 CET), and winners in each will be allocated one whitelist spot each. How many places are highlighted in the whitelist, what conditions must the contestants fulfill, and how will the winners be determined?
On your platform you uses the proof of stake consensus where users with higher stake, that are being acquired through fat wallet balance, are given the ease access to use the medium for fast transaction, how is the issue of small wallet users solve and how will those with higher stake not being in control of the market reversal.
In your whitepaper, i quoted this “Busy uses several interconnected solutions and thus forms a complex model, in which the use of blockchain, proof of stake consensus, and coin tethered automated platform is the basis”. I have heard and know about blockchain, i know about PoS consensus but i don’t know anything about coin tethered automated platform. What is coin tethered automated platform? How will it help freelancing? Which part of busy.technology is it affecting?
I went through your utility staking and it seems you made it available to only the freelancer on your web 3.0 platform, how will user/consumer occupy space on the platform through utility staking and what are the staking rewards given P.A in utility staking.
I read that the potential disputes and arguments on the platform will be governed by the users in the ecosystem in a decentralized way and results will be recorded in the blockchain. How will the result be recorded on blockchain because it look kind of strange to me.
The ERC-20 token is considered by Busy Platform as one of the temporary supporting parts of the whole ecosystem. You’re creating Busy’s own more advanced blockchain? Why build your own when many blockchains is available with lower transaction fees too? Do you find the others still lacking on innovation with what the Busy Platform needed?
Busy proof of stake will be similar to the already adopted pure proof of stake with a few specific changes. Can you specify what are the changes / difference of Busy PoS with what we are using now? Is it a minor or big PoS modification?
The Freelance Platform will be built on the Busy unique blockchain-based technology and charge-free solution which will make every user a vital part of the platform’s decentralized ecosystem. Because it is charge free, where will you get the funds for platform’s expenses and for the further development of the project?
The community is used to see food or animal names with projects not like this. So, why have you preferred a word like BUSY? Is there a specific reason or message that might empower the project concept? In addition, Busy is not like a common word for a project like this, do you think this can affect some unserious ones in the community positively?
This project is actually building (DAO) generation represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. Is there any notable upcoming future partnership that is being worked upon?
Busy DAO is an engine for B2C/C2C platforms with DeFi solutions, Utility Staking, and NFTs. i read in your site that you claim Busy’s smart contract as a ‘transaction families’. Can you explain how this smart contract family system work? And how does this connect with the field of ecommerce?
Busy project already makes agreement with 2 big project Insignius Capital and Spark digital capital. Can you describe what are the benefit that both of you gain from this partnership? Also please tell us a little about your future partnership plan
When people are registering on the platform for freelancer work, how do you keep their information? Do you keep the private data on blockchain or do you keep the registration data on a centralized server or hosting? Where will you keep the details about the job postings and work details?
I read on your website it says the public sale will be on 21st April in duo as IDO and IEO. But when ask this to MXC they say MXC does not do any IEO or ICO. Also medium page says details about the IEO will be released by MXC soon. I didn’t understand about this. Why did you choose MXC for IEO and is it possible that Busy Technology will be the first project that makes ICO on MXC? Can you give us some details about this?
One of the common limitations of centralized freelancing platforms is unequal balance between quality of services and price paid. How do you plan to balance this? How will Busy.technology actually make sure that the right price is placed on the right service?
Could you tell us your opinion regarding web 3.0, i understand that web 3.0 can have function in multiple way but what is the important thing from web 3.0 that possible to support BUSY project?
From your whitepaper, you talked about decentralization alot which is not new to the community any more, we have projects like yours with this type of feature ‘decentralization’. But I saw another feature which is not common in others project FREELANCER, can you emphasize more on that, what are other things or benefits we community expecting from this feature in the future?
Busy DAO brings a comprehensive Web 3.0 solution and a decentralized freelance platform. Can you tell us more about the freelance use case? Will it be used by companies who want to hire freelancers for their projects?
Hi Busy!
Please tell us how Busy’s utility staking is an innovative feature that will give the real use case of the staking model with platform space occupation and generated reward. What makes it different and better than multiple existing projects that allow staking?
Hi Busy!
Busy promises that overall decentralization, as each active user is part of the network, will ensure high throughput of the entire network. How do you plan to combat high congestion and fees of the ERC20 blockchain that can slow down transactions dramatically?
How does the system determine the honesty and transparency of arguments in a dispute between a freelancer and a customer? Each of them can get more people talking for his or her counterpart.
Are you planning to promote your project in different countries, where English is not good? Do you have a local community for them to better understand your project?