<\/p>\n\n\n\n
Hello, Satoshi clubbers! Another AMA took place in\nSatoshi Club and we would like to introduce to you the AMA session with our\nfriends from Bore Token and our guest \nwere @Kn129 and @rapid_rapawr. The AMA took place on 7 April.<\/p>\n\n\n\n
The AMA session was divided into 3 parts with a total\ncrypto reward pool of 500$ <\/p>\n\n\n\n
In this AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> Hello\nSatoshi Club! We are happy to announce our AMA session with Bore Token! Welcome\nto Satoshi Club😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> our\nguests today – @Kn129 and @rapid_rapawr from BNBvault.finance ! good to have\nyou here guys!<\/p>\n\n\n\n Genie:<\/strong> Hi D. thank you\nfor having us we are happy to be here!<\/p>\n\n\n\n Hi Mary!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Welcome\nhere 😀<\/p>\n\n\n\n BscGeek:<\/strong> Hey everyone its\ngreat to be here today with you all 😊<\/p>\n\n\n\n lets do this !<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hello!<\/p>\n\n\n\n Let’s start our party 🎉<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> let’s\nstart! 🥳<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Guys,\ncould you please introduce yourself and tell us more about Bore Token 😀<\/p>\n\n\n\n BscGeek:<\/strong> Yes lets us hear\nit !<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 🚀🚀🚀🚀🚀🚀🚀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> [\n😑 Sticker ]<\/p>\n\n\n\n Genie:<\/strong> Sure, thing so me\nand Knad have been in this industry for over 4 years now. And if you understand\neconomics you would atleast have some idea how Blockchain is about to effect\nthe whole economic system of the world. In any case last year as well as this\nyear has been a really good one for both of us. So, last year around September\nI believe I came across CORE vault it was a very unique concept. I participated\nin it and it was my first token I did a 100x on. The more I understood it the\nmore I Realized what a genius concept it \nwas\u2014 (beauty of smart contract which allows creativity)\u2014 anyways one\nflaw that I did notice and it was not a flaw of the CORE contract it is of\netherium was high fees. So when BSC came out i decided to release that contract\non bnb as BORE. I understand that BSC is centralized but in exchange for that\nflaw it provides very little transaction fees. Which benefits users. So we are\nvery excited to see how this will play out for everyone!!!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes,\nit has sense👍<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> so\nyou decided to make a fork of CORE on BSC?<\/p>\n\n\n\n Genie:<\/strong> Correct. The fees\nare near nill on BSC.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Did\nit take your long time to start Bore Token project?<\/p>\n\n\n\n Genie:<\/strong> Yes, Core is\nactually a fairly complex code I have 1 main back end developer along with\nanother back end developer that helps out. Along with 1 UI guy me and Knad.\nThat are part of the team. We have a lot of plans that for this project some\nwhich we cant announce right now. But all the token holders and LP holders will\nbe happy and we are very excited!<\/p>\n\n\n\n BscGeek:<\/strong> The team and the\ndevs have worked extremely hard on it for the last 2 months and we have left no\nstones unturned when it comes to preparation. We are extremely excited about\nthis<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> If\nyou have announcement you should definitely share it with us👏<\/p>\n\n\n\n Genie:<\/strong> We will!!!! I\nreally hope we can keep working with you guys!<\/p>\n\n\n\n And we can use this channel to make the announcement\nwe cant make it just now as there are few developmental things going on and I\ndont want to announce anything that is currently in complete.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Understand\n😀Thanks for your intro, guys! Are you ready for the questions from our\ncommunity?<\/p>\n\n\n\n Genie: <\/strong>100%<\/p>\n\n\n\n Bring it<\/p>\n\n\n\n Q1 from Telegram user @Highpee<\/em><\/strong><\/p>\n\n\n\n Your first project CORE was launched in\nSeptember on the Ethereum chain and it has been deemed to be largely\nsuccessful. However, you have now decided to clone this project and create BORE\nas a fork of CORE. Why do you think a fork of CORE is necessary and what do you\nintend to achieve with BORE? What are the limitations that are found in CORE\nwhich you will improving on with BORE and in what way will BORE operate\ndifferently?<\/strong><\/p>\n\n\n\n D. | Satoshi Club:<\/strong> so\nas we already understand, it’s all about fees? this is why you decided to make\na fork. or there is something else? what motivates you?<\/p>\n\n\n\n BscGeek:<\/strong> We are not\nassociated with Core, We are a fork of core but the team is completely\ndifferent. Some of the biggest things we want to achieve is make it easy for\nusers to trade\/stake, No one wants to pay $40 to stake on uniswap and with\nincorporating bore on BSC I feel this problem would be resolved. A lot of\nprojects are incorporating from Uniswap to Binance smart chain and that\u2019s why\nwe wanted to bring this to BSC<\/p>\n\n\n\n Genie:<\/strong> So let me clarify a misconception in that\nquestion. WE ARE NOT CORE. BORE has its on team of developers marketing team\netc. We did take there concept, which I personally loved and decided to go on\nbore. Mostly because the fees on bsc are so low. If you transact core on\netherium you will pay about 45 dollars in transcation fees give or take, where\nas in BORE you will pay what 3 cents on BSC. Dont get me wrong iam a huge propnant\nof Etherium for several reasons \u2014but thats a topic for another day. So this\nbasically boils down to the fees structure and transactional fees (which I\nexplained). As for fees structure CORE is 1.1 percent we are 2.2 percent 2\npercent goes to lp holders and .2 percent goes to development team.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Will\nyou follow the path of Core development in the future? Or you will develop your\nown initiatives?<\/p>\n\n\n\n Genie:<\/strong> No, although we\nhave started from the same place in terms of code. Our directions will be\ncompletely different. Atleast in terms of what we have planned for the near\nfuture. There will be announcements of these in the coming weeks.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha!\nThank you!<\/p>\n\n\n\n Ready to proceed?<\/p>\n\n\n\n Genie:<\/strong> YEs!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> let’s\ngoooo<\/p>\n\n\n\n Genie:<\/strong> Always<\/p>\n\n\n\n Q2 from Telegram user @lukacy<\/em><\/strong><\/p>\n\n\n\n Can you tell us about the token\ntokenomics? How will the value of the token being determined? You talked about\nthe price floor \u2013 a point below which price cannot drop. How would you maintain\nit?<\/strong><\/p>\n\n\n\n Genie:<\/strong> Yes, so the way\nthis works is we will always ever have only 10,000 tokens. The advatage of lGE\nthese 10,000 token are given for free to bnb contributors, but inside an LP\npair which cannot be unlocked for the\nunderlying asset. IF you were to create an lp after the lge you will have to\npay for BNB and BORE to create lp and then stake it. So as trading begins more\nBNB gets locked in as Bore comes out into traders wallets raising the price\nfloor in the process. And the benefit of this goes to lp holders who staked on\nour platform in the form of 2 percent transactional fees.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> for\npeople who not familiar with CORE project – are you using the same token model?\nwith the similar token supply as i understand?<\/p>\n\n\n\n Genie:<\/strong> Exactly same\nexcept for transactinal fees model.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> got\nit! thank you for the answer! let’s move onto the next question?<\/p>\n\n\n\n Genie:<\/strong> Sure<\/p>\n\n\n\n Q3 from Telegram user @yiselen<\/em><\/strong><\/p>\n\n\n\n To encourage real value and TVL to flow\ninto BORE, BORE smart contracts employ exchangeable strategies that store coins\nwithin groups. This gives a great incentive to anyone who wants to farm BORE\nwith coins other than BORE \/ BNB LP. What are the main functions that I must\nfulfill to be a bearer of BARE TOKEN benefits?<\/strong><\/p>\n\n\n\n Genie:<\/strong> So we are working\non an arbitrage bot as well that can use the LP tokens wraps them and creates\nvalue by evening out different assests being traded at different exchanges at\ndifferent prices and using the profits to increacse the APY of lp holerss. This\nis a little more complex then anticipated. Due to our token being on BSC and\nmost real assests being on etherium. But there are some major assets on BSC as\nwell. We are working on this and will have an announcement about this.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha!\nWe will wait for the announcement!<\/p>\n\n\n\n Also, can you tell us where we can get Bore tokens\nnow?<\/p>\n\n\n\n Genie:<\/strong> At this point you\ncan only get LPS. BORE will be availaible once we list on pan cake swap. PLease\nvisit our website bnbvault.finance for timer<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Don’t\nsee it😂<\/p>\n\n\n\n I see only coming soon<\/p>\n\n\n\n BscGeek:<\/strong> The LGE is live\non our website . Anyone that wants can participate here\nhttps:\/\/bnbvault.finance (https:\/\/bnbvault.finance\/)<\/p>\n\n\n\n Genie:<\/strong> You will have to\nconnect with you metamask on bsc. And\nthe timer is going on with the lge evernt<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> 👌<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha!\nThanks!<\/p>\n\n\n\n BscGeek:<\/strong> You have to click\non the LGE tab<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Will\ntry to connect after AMA😉<\/p>\n\n\n\n Ready to go to the next question? Or you want to add\nsomething?<\/p>\n\n\n\n Genie:<\/strong> Lets keep em\ncoming<\/p>\n\n\n\n BscGeek: <\/strong>I\nthink we are good. Lets proceed<\/p>\n\n\n\n Q4 from Telegram user @MaxiVV<\/em><\/strong><\/p>\n\n\n\n I saw that you\u2019re a very young project,\neven you created your twitter account on March 2021. While i was researching\nyour page i realized there is not whitepaper, partners list, information about\nthe BORE team. I worried a little about this because if we don\u2019t have the\nenough information how can we trust our money to you? Could you share\ninformation about the points mentioned before with us? Please<\/strong><\/p>\n\n\n\n D. | Satoshi Club:<\/strong> and\nwe can ask here about roadmap as well, people love to know about future plans\nof project. do you have plans to publish roadmap?<\/p>\n\n\n\n Genie:<\/strong> Sure so we have\nbeen underdevelopment for a while now. We just engaged our marketing channels\nrecently. Our concept is pretty simple and if you read through out medium\narticle all the pertinent information is availaible there. Trust is only earned\nwe havd delievered everything we promised and we intend to keep it that way. We\nare not in it for money more than the love of blockchain technology. If you\ndon’t trust us its fine we would hate for you to be not part of our project.\nBut that is not under our control, rest assured whatever is under our control\nwe will deliever it 100 percent.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> 👍<\/p>\n\n\n\n Genie:<\/strong> As for future\nroadmaps these will be announced in our media channels. Please see them We dont\nwant to announce anything that is not complete. That is my personal prefernce. And i intend to keep it\nthat way.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha!\nBut may be you have approximate dates when you plan to publish it?<\/p>\n\n\n\n Genie:<\/strong> I will say we\nwill have a big announcement for our contributors in the next 2 weeks<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> yeah,\ni support your point. even some big projects don’t have a public roadmap,\nbecause things changing so fast in crypto<\/p>\n\n\n\n BscGeek:<\/strong> Exactly !<\/p>\n\n\n\n Genie:<\/strong> I think its not\ncool to say we will deliever this and that. I think its better when you\ndeliever it and let the people know.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> agreed!\n👍<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Wise\nwords!😀<\/p>\n\n\n\n Thank you for your answers! Ready to jump to the next\nquestion?😀<\/p>\n\n\n\n Genie:<\/strong> Ready<\/p>\n\n\n\n Q5 from Telegram user @Antoni_azx<\/em><\/strong><\/p>\n\n\n\n There\u2019s a feature on your website named\n\u201cThe Beaty Zone\u201d however when I click it doesn\u2019t open any link or action, what\nis it and what is it for?<\/strong><\/p>\n\n\n\n Genie:<\/strong> This a purely\ncosmetic thing. Like solitaire and Minesweeper. I decided to place that there.\nTHere is nothing to it<\/p>\n\n\n\n May be ill remove it<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> You\ncare about beauty 😜<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> and\nPaint😄<\/p>\n\n\n\n BscGeek:<\/strong> haha<\/p>\n\n\n\n Genie:<\/strong> Or perhaps put a\nquote there saying “you are beautiful” when you click on it hmmm<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> nice\nidea!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Ahaha,\ncool😂<\/p>\n\n\n\n Genie:<\/strong> lol<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I\nwill visit your site every day🤣<\/p>\n\n\n\n Genie:<\/strong> Lol……<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And\njust one 6th and last question left from this part 😀 ready for it?<\/p>\n\n\n\n Genie:<\/strong> Ill do it just\nfor you<\/p>\n\n\n\n after the launch<\/p>\n\n\n\n lets go<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank\nyou 😂<\/p>\n\n\n\n Q6 from Telegram user @MihaiPisica<\/em><\/strong><\/p>\n\n\n\n I saw in your TG Channel an announcement\nabout your project being audited by RUG DETECTIVES. Can you relate us to what\nwill focus your main task audition process? Are there possible some private\nuser data leaks, delays in data delivery, or some other issues you should\nfigure out and we must stay attentive? And when it will be finished and\nrevealed? What about other more audition campaigns from 3rd parties and when\nare they planed? Or it will be just one by this time?<\/strong><\/p>\n\n\n\n BscGeek:<\/strong> haha we knew this\nwould come up, sure we will be glad to clarify !<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> audits\nare important mmmkaay 😁<\/p>\n\n\n\n Genie:<\/strong> So we had a\nfalling out from rug detectives, per them the everything in the code was\ncompleted and good except for a critical error. Just so you know iam involved\nin other projects as well and i have about 10 developers that work under me .\nANy ways so I asked my developer about\nthe thing that was critical according to him its not critical at all. Its just\na different way of calling the fucntion. I verified that independently with one\nof my other developers and he basically laughed at the report. So i cloned my\nwhole project ran the sale event and ran all the transactions to verify\neverything was secure. And it was. When i pointed all this out to the auditor.\nHE hinted towards paying him more money and at this point I knew what was going\non and and told him we are done. One second ill send the report here<\/p>\n\n\n\n BscGeek:<\/strong> Yes abosultely\nthats why we decided to get one<\/p>\n\n\n\n Genie:<\/strong> <\/p>\n\n\n\n We verified the contract using following.<\/p>\n\n\n\n My devs verified using the following <\/p>\n\n\n\n Tools <\/p>\n\n\n\n Sol-profiler – Gas profiling<\/p>\n\n\n\n Oyente \u00e2\u20ac\u201c Finding common vulnerabilities<\/p>\n\n\n\n Slither – Solidity static analyzer<\/p>\n\n\n\n Securify \u00e2\u20ac\u201c Solidity static analyzer<\/p>\n\n\n\n Solhint – Enforce consistent conventions and avoid\nerrors<\/p>\n\n\n\n Ethlint – Style & security issues<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> do\nyou plan another audit? May be you will find another audit firm which will make\neverything honest?<\/p>\n\n\n\n Genie:<\/strong> The reason why\nthis is not a critical issue:<\/p>\n\n\n\n Firstly the code is of an OpenZepplin library named\nSafeERC20, to which I must say OpenZepplin codes are thoroughly audited and\nglobally used as a standard for writing smart contracts.<\/p>\n\n\n\n Secondly coming to the logical implementation of the\nfunction, it is making a low-level safe call which is nowhere utilised inside\nthe contract.<\/p>\n\n\n\n Thirdly re-entrancy is mostly for handling Ethjer\ntransfers, but the vulnerability that is being pointed out is inside a library\nfor token transfer.<\/p>\n\n\n\n Finally, kindly go through this link explaining the\nwhole functionality and its verifiability. <\/p>\n\n\n\n