#AMASeries 11 June 2021 IgniteCrypto with BODA TOKEN
Welcome to the recap our AMA : IgniteCrypto with BODA TOKEN
On June 11, 2021, Ignite Crypto and BODAtoken got together to host an Ask me Anything (AMA) chat with the community. The following is a summary of the content of the entire AMA.
‘BODA Token is a community driven token focusing on providing its holders with long term growth, security, and store of value’
OP: Hello @billyboda, welcome to IgniteCrypto. Nice to meet you here tonight 😀
Billy: Nice to meet you, and nice to see everyone here tonight 🙂
OP: How do you feel today? 😀 @billyboda
Billy: I am feeling good. But it is a bit cold tonight. About 8C where I live in Australia. I am wearing lots of warm clothes haha
OP : 🎉 Congratulations BODATeam successful BODA Listing on MDEX and BISWAP Exchange
Billy : Yes, we are very excited about listing on MDEX and BiSwap. MDEX is part of Huobi Exchange, 3rd Largest Crypto exchange in the world! Over 5 Million people use MDEX every day!
And Now, we going to Part 1
📍Part 1: Introduction to the project and AMA guests. Some general questions about the project
OP: Quesiton 1: Can you introduce yourself, the BODAtoken project and member team deverlopment to everyone?
Billy: Ok. Here is something I prepared earlier.
Good Afternoon, Evening and Good Morning! My name is Billy! I am the community Project Manager for BODA.
I am the only one from main team who will doxx themselves. Here are my main accounts -
I also have a crypto education page that I have not posted on lately since working on BODA — https://www.instagram.com/knowyourcoinofficial/
I started my crypto journey in 2016. First investing in Bitcoin and quickly discovering the other altcoins on the market.
I am 34 years old. I have been a Bar Tender, Barista, Restaurant Manager, Infantry Soldier (Australian Army), Medical Clerk, Beauty & Skin Clinic Business Manager, YouTuber/Streamer, and now Crypto Token Project Manager.
We have 3 other members on our Core Project team who help with back-end project work. We also have 5 community volunteers on BODA Squad who help to promote BODA.
Wow, did you guys develop BODA with only 3 members Team Dev ?
everyone on the team invest their own money into BODA Token because we are a community token
No pre-sale. No team wallet.
we are 100% decentralized. just like Bitcoin.
OP : Question 2: BODA Token is a decentralized community-driven DeFi token, so how does it have special and unique features that are different from other DeFi tokens? Where did your idea to start developing Bodatoken come from?
Billy: BODA Token was launched on April 29th 2021. There was no pre-sale. It was completely fair launch. Everyone, including team members, purchased BODA token with their own money.
The original developer locked the smart contract on launch and no longer has access to the contract keys. He did this to make BODA token a 100% decentralized community driven token. Similar to that of Bitcoin.
The philosophy of Bitcoin is to allow everyone in the world to have access to equal standards of financial stability. I personally believe that everyone in the world should be able to afford to buy 1 house and 1 car without large finance debt. This type of financial freedom should be accessible to everyone, no matter what country you live in.
BODA Token is unique in the way that it has an anti-whale and anti-dumping limit. You can only purchase 3% of the maximum supply total in one trade. And you can only sell maximum of 3% of total supply in one trade.
So this helps to prevent greedy people from trying to buy large share of BODA Token. This also helps to prevent some greedy person from dumping large share of BODA token at once.
This is offers greater protection to our token holders and makes BODA Token a safer investment choice.
We also have a 7% liquidity tax which helps to lock in Liquidity Pool, so that the token will never go to $0.
We have a 3% reflect tax that shares distribution with every holder from every sales tax. So when people sell their BODA, every other holder will get a share of BODA.
The Burn wallet also gets a share of that reflect tax, so BODA token supply is always reducing as well.
Long term holding of BODA Token will help you earn more in the future.
We also just listed on MDEX and BiSwap which have their own Mining Farms. We have applied to get listed on their mining farms for BODA Token holders to be able to earn MDEX Token and BiSwap Tokens.
I see no pre-sale. Usually DeFi projects will conduct fundraising to start the journey of construction and development, so why do you ignore it? Will this have any effect on the operation as well as cover the operating costs of the team?
The developer did not believe in this method of token launching. He believed that was a greedy way of token developers to earn money first without proving their worth to the community. We have already seen many tokens that pre-sale launch and take people’s money and then the token either rug pulls or is a honeypot scam. Causing every investor to lose their money.
I agree with the philosophy of Bitcoin and cryptocurrency as a whole. We are not here to be another Capitalist corporation to be greedy and take money from the poor. We are here to help the poor become wealthy.
Does this mean that BODAtoken will be decided by the community, and above all, the community will decide the future of BODA?
It would be unfair to take people’s money first when the job is not complete.
In real life, you never pay for a job before it is completed. You always pay for a job after it is done. So with crypto, You invest your own money and work hard to promote and share the word on social media and to your friends and family, and help the world to know about your token
absolutely. The community get to have their say in the direction of BODA Token. We have already set up a rule that everyone must vote on how to spend the marketing funds. We do not spend the marketing fund wallet until the community votes.
OP : Question 3: The user community is often worried about security errors from Smart contracts when this is often used by hackers to attack, so what measures have you taken to improve and limit this risk to bring about this risk peace of mind for users?
Talking a little bit through the BODA utility token, what benefits will users get at the present time when holding it?
as mentioned in the previous question, the smart contract is locked. The dev can no longer control the contract meaning he cannot steal any tokens or mint any new tokens.
The original dev also sold his share of BODA already, so need to worry about the original dev dumping his original share of BODA.
The token cannot be hacked either because the smart contract is locked and the dev wallet is no longer connected to the smart contract.
We had had an Audit from TechRate which shows that we have no vulnerabilities.
BODA token holders earn a 3% reflect tax from the sales tax. That is one benefit of longer term holding.
BODA can be used in yield farms on other DeFi platforms. Since we just supplied LP to MDEX and BiSwap, we hope to be able to get listed on their mining yield farms in the future.
I am also in the work to create a second new token, that will be where our yield farm will be created from. BODA Tokens will be able to be staked in our new yield farm to earn this brand new token.
The brand new token will also come with a new mobile wallet app, which will allow you to store BODA and new token, as well as other crypto like Bitcoin, ETH, LTC, XRP, ETC and some others.
We are also designing the wallet app to connect to other exchanges like Pancakeswap, and we are working on intergrading the dApp function to connect to the yield farm inside the wallet app. So it will become a one-stop-shop for all your crypto needs. And you will be able to buy BODA directly from inside the wallet app.
OP: Question 4: The NFT trend is now becoming the focal point and its appeal is now huge for everyone. In our established roadmap, we see BODA Team planning on NFT platform — NFT Mining and Trading. So can you give us more information about this plan? How will you combine and balance DeFi and NFT to bring the most benefits to your users in the future?
Billy: NFTs are a big deal right now, and they are a big deal for a reason.
NFTs allow anyone in the world to sell their art to a global audience. It’s like having your painting in a famous art gallery, except this art gallery is the size of the entire planet!
The security measures inside of NFTs to verify that the art is coming from the original creator is really powerful. It will eliminate the risk of forgery in the art world.
You will no longer have to worry about being sold fake art because the transaction signature will be in the line of code inside the NFT.
We plan on building our own NFT Platform in 2022. This will allow users to mint NFTs using BODA tokens and also trade NFTs using BODA Tokens. But we are also looking at a cross-chain function to allow other tokens to be used on the NFT Platform. So for example, someone could list an NFT for BODA and someone else could use BNB to pay for that NFT in exchange. And that person would receive the BNB. And vice versa. Someone could sell and NFT for BNB, but someone else could pay for it in BODA.
We also hope to have the NFT platform connected to the mobile wallet app so people an upload their artwork via mobile app, as well as trade NFTs inside the app.
OP: And now we move to the last question part 1
Question 5: What development milestones have you achieved with the BODAtoken? Going forward, what are your next development plans, can you update us right here?
Billy: We have achieved a lot so far since April.
We have created a new logo and website for BODA.
We have completed an audit with Techrate. And we have created a whitepaper. Both documents have been translated in 15 different languages.
We have over 1600 token holders at the moment. And over 1000 members in our telegram. We just recently reached a new ATH about two days ago which was very exciting. A lot more people in the crypto world are noticing BODA and are investing. We are still a small cap token, but we know that we will grow a lot more in the future.
We listed on MDEX and BiSwap just this week. Another very exciting milestone!
We are developing the new tier2 token as I like to call it. The new token is going to be custom built and we are excited for it to be ready. The new token will also have a fair launch just like BODA did. The new token will allow be the foundation of our upcoming yield platform.
BODA Tokens holders will be able to stake their tokens to earn BNB or BUSD as a passive income, which is a fairly new concept and is good for token holders to earn some money during the bear markets when most other tokens are falling in price.
We have the mobile wallet app in development as well, as mentioned earlier. This is going to be super super exciting! We can’t wait to show it off to everyone!
BODA is here for the long term. We are not here for a quick pump and dump. We want to be around for many years to come. And the more people who see that we are a honest token with true values, the bigger we will become.
So right now everyone is is on the ground floor of the skyscraper. And we’re all getting in to the elevator to ride it all the way up the penthouse! It’s just a question of whether you want to be in the elevator before it start to go up
📍 Part 2: Live Question. Guests will answer questions that people send. The winner will be chosen by the guest.
Q1: Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.? @WanitaRocha
A1: On our Core Team there are 3 other members. We have one member who has experience in the IT industry. We have another member who studied Law. And we have another member who is also in IT and is learning Solidity coding.
In our BODA Squad we have 5 members. They range some different professions. They providing help to new members who join our chat rooms and they also help with social media posts.
Everyone else in the community is just as important as the team. Every BODA Token holder is part of the BODA family. We are all equal share owners of BODA Token.
So we all have the responsibility to promote BODA to the world and to get more people to join our family
Q2: Good day @billyboda Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term? @BlondellDover
A2: As someone who has been in the crypto space I know how to HODL for long term. I experienced the massive bear market in 2019 where my own portfolio was down 90%. But I held on strong and HODL my crypto during those dark times.
I know what it takes to be strong and keep pushing forward, even when everyone else gives up.
That is why I am confident that I can get BODA to become a long term token that will see us in the Top 100 large market cap token list one day.
Q3: Truly, you’ve done AMA in many telegram groups, so what next, what other way will you make your project more popular?? @WanitaRocha
A3: I still have more AMAs to do this month! 🤣 I have 7 more AMAs to go.
We still advertise on Facebook and Instagram. We also have YouTube videos coming out. And Twitter influencers making tweets for us.
We are focusing on building our community. As we like to call, our #BODAFAM. If we can get all 1600+ token holders to shout out on social media it will get us more noticed by everyone.
Just look at Dogecoin Army for example. There are so many community members who just promote Dogecoin every day. They are not even being paid to promote dogecoin. They just promote Dogecoin because they love it. And they managed to get Elon Musk to notice Dogecoin in 2018. And since then, Elon Musk has been driving Dogecoin price up and up.
This all happened because of community power!
Q4: I believe that BODA is really Great and has very big Potential to Thrive in the future. Can you please Tell me how I can do Investment with BODA? Do you have any ICO or maybe presale now? @FanDefi
A4: We had a fair launch in April. BODA Token is Available to buy on Pancakeswap, MDEX and BiSwap exchanges
Q5: In decentralization, We all know that speed is needed, as is the current problem faced by the expensive Eth Gas Fee and the slowing of the transaction process. what are your plans to deal with this problem on BODA ? @zamnfa
A5: This problem does not affect BODA unless Binance Smart Chain network happens to suffer high gas fees. BODA is built on Binance Smart Chain Network, so all the gas fee matters are subject to how BSC Network operates.
We have no control over that. Only Binance have control over how they manage BSC Network.
Q6: Southeast Asia is a very vibrant market and many project developed here so with your project what do you think about Southeast Asia and do you have any plan to develop here?? @WillardCornwell
A6: I am of Half Asian decent. So I love Asia! It is in my blood!
Q7: Can you talk about the future plan of $BODA ? and How can I contribute to the development of $BODA ? @Stevensas
A7: You can contribute by buying BODA Tokens and sharing news about BODA everyday on social media
Q8: Although ETH 2.0 is delayed to next year, but it will solve all exist problem of ETH and become the best choise for dApps in future, so do you think this is a threat for your project and how could you overcome this barrier?? @WandaFay2000
A8: I believe because we have built on BSC network we have avoided any major issues that are happening on ETH Network.
BSC Network is still faster and cheaper to run than ETH Network. So we are at a good advantage at the moment.
Q9: What are the advantages of BODA to compete with competitors of the same side? @zamnfa
A9: I believe our new tier2 token will be the stand out token! And current BODA token holders will benefit A LOT from holding BODA right now because they will get to earn the new token basically for free in the staking program.
The new token will have less supply to start. It will have the yield farm and mobile app wallet. And the new token will be custom build with the capability to function as a cross-chain DEX exchange and NFT builder.
Q10: I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?? @ZellaEverhart
A10: I challenge you to try to hack our BODA Token.
As far as I am aware, it cannot be hacked because the smart contract is locked.
Q11: I’ve sees so many facts and this is a big true, After listed in the Market, 80% from whole DeFi project only playing PUMP & DUMP schemes.
What is the big Differentiate BODAtoken with other and Will not do the Same Scheme?
How you gain community TRUST? @DungxPLCVN
A11: From day one I always told people in our telegram chat that if they are buying BODA for a pump and dump then they can f*ck off. Because I do not want pump and dumpers in our community.
Sometimes I can be very harsh with my words, and when it comes to Pump and Dumpers I am very strict and I do not like them.
Q12: What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project ?? @WallaceFarrar
A12: The sales tax adds 7% to Liquidity, so the Liquidity keeps growing. And when people buy, their BNB adds to the liquidity pool because that’s how DEX exchanges work.
So the liquidity pool is always balancing automatically. The more people buy, the bigger the pool gets.
Q13: Why did you decide, in addition to creating the platform and the consensus, to switch to creating real products and services on top of your platform?
A13: We have to always adapt and grow with the conditions around us.
Just like humans have evolved over centuries to adapt to the changing world. Crypto tokens have to do the same.
If we do not adapt and add new features, we will get left behind.
Q14: Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform?
A14: I believe the upcoming mobile wallet app will be HUGE! Having a one-stop-shop where you can buy/sell crypto, use the yield farm, and use NFT in one mobile app is going to be really good for people.
Many people don’t like to switch between 3 different apps. They just want to use 1 app for everything. Our mobile wallet app will do just that!
Q15: While you build your project, do you take into account community feedbacks and demands?
A15: Of course! Community feedback is always important.
As I have worked in Hospitality and managed a business, I know how important customer feedback is.
Community feedback for a token is just the same.
Feedback always helps people to develop new ideas and improve on old ideas. I love feedback!
Q16: “You are an expert, can you think about a beginner in cryptocurrency, what are the barriers to accessing Defi?”
A16: Barrier at the moment is ease of access.
This is why I am so excited about the mobile wallet app development. It will provide easier access to every day users to access DeFi and the Yield Farming.
You could even teach your grandparents how to use the mobile app and farm new tokens! 😃
Q17: Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
A17: We will have a manual burn system build on the yield farm, which will help to speed up supply reduction of BODA tokens. So we are looking forward to that new option too.
😀 Many thanks to Billy @billyboda for coming here today and participating in the AMA with our IgniteCrypto community
🎉Hopefully the BODA token will develop further in the future, bringing more sustainable value to its user community.
➡️If everyone has any questions, they can join https://t.me/Boda_Token and ask Billy, Billy is ready to answer for everyone.
Our AMA will end here. Thank you to everyone who participated 😀
📍Overview of the BodaToken project: You can check it out here: https://linktr.ee/bodatoken Or follow below
🌐Website — www.bodatoken.org
➡️TWITTER — https://twitter.com/BodaToken
🍑TOKEN ADDRESS — 0x81cfb5e400eb2caa319130a0dae3b32cfb19392d
🥞Purchase on Pancake Swap 🥞
👨🚒USE V2 with 12–20% slippage
📜Contract Address — https://bscscan.com/address/0x81cfb5e400eb2caa319130a0dae3b32cfb19392d#code
➡️ Whitepaper Vietnamese Version: https://github.com/bodatoken/Whitepaper/blob/main/BODA_Token_Whitepaper_Vietnamese.pdf
➡️ Independent audit report Vietnamese Version : https://github.com/bodatoken/TechRate-Audit-Report/blob/main/BODA%20Ti%E1%BA%BFng%20Vi%E1%BB%87t%20Full%20Smart%20Contract%20Security%20Audit%20for%20translation%20(Vietnamese).pdf
About IgniteCrypto: IgniteCrypto is a community formed by a group of members who are passionate about and believe in the future growth of cryptocurrencies from Vietnam. With the aim of creating an exchange community between investors and those interested in the development of cryptocurrencies
➡️Telegram Group : https://t.me/IgniteCrypto