💣AMA RECAP WITH BUNICORN💣

Hosted by — Crypto Nation

Dated — 29 April, 2021

💣INTRO SEGMENT💣

Sophia:
Hello everyone!!

We are so glad to have @phuc_bunicorn from team Bunicorn here with us for todays AMA session🔥🔥

Hey @phuc_bunicorn sir, so nice to have you here today😉

Phuc Nguyen:
thanks Sophia for the warm introduction and nice to meet you all guys

Sophia:
Pleasure is all ours sir😍

Lets start today's session, shall we sir?🔥🔥

Phuc Nguyen:
sure, let's get started

Sophia:
Amazing!!

Please type done after completion of every answer to avoid confusion😉

Phuc Nguyen:
gotcha

Sophia:
Starting with the very first Segment which is INTRO SEGMENT.

Here comes the first and basic most question.....

Q1) Can you please introduce yourself to the community sir?

Phuc Nguyen:
Hey guys, I'm Phuc Nguyen Founder & CEO of Bunicorn. Here are some highlights about me:
Former Google Summer of Code
Samsung Smart App Challenge winner
Former Researcher of NASA Ames's Java PathFinder project
Former Project Manager at DeNA, a giant game company in Japan
Co-founder & COO of SotaTek, the leading blockchain development firm in Vietnam & SEA with hundreds of blockchain & Dapp engineers
Former CTO of VCC Exchange, a CEX under Signum Capital & Bitmex's portfolio
Like most of you, I joined the crypto space in 2017 and have participated in a lot of projects since then. I have hands-on experience in scalability & security for the centralized system in general and exchanges in particular. I have been working on decentralized projects from the protocol to the application layer.

done

Sophia:
Thats a great introduction there!!🔥🔥

Nihar I Crypto Nation:
Wow great experience

Sophia:
Q2) Can you please tell us about BuniCorn in detail?

Phuc Nguyen:
Bunicorn stands for Binance Unicorn, so we aim to become the next unicorn on BSC with more than 1 billion TVL.
Bunicorn is an all-in-one BSC-powered Defi platform that offers the following services at launch (May 2021):
- Generalized AMM pools with up to 8 tokens, any weight
- Super low slippage & high capital efficiency pools for stablecoins
- Innovated Yield Farming with a reward vesting model wrapped in NFTs
- And many to come shortly.
In other words, we provide all the missing parts of Pancake swap plus NFT.

done

Sophia:
Whoaaa thats amazing!!!!🔥🔥🔥🔥🔥

Q3) Please tell us the biggest milestone you have ever achieved and also your future milestone please?

Phuc Nguyen:
We have finished the first phase of our product roadmap which offers:
- Smart AMM Pools controlled by smart contracts allows dynamic swap fee, customizable number of tokens & weight
- Amplified pools for trading stablecoins with super low slippage and higher capital efficency.
- Yield Farming + NFT reward vesting
You can take a sneak peek at our testnet build here: https://staging.buni.finance/

The next milestone would be our IDO and the mainet launch on BSC right after we finished the IDO.

done

Sophia:
Would be eagerly waiting for that❤️❤️

Q4) Please give us a sneak peak of your roadmap?

Phuc Nguyen:
The full roadmap is available here FYI https://buni.finance/ But here are some highlights in the futures:
- We'll make NFT vesting tokens that have already been completed in phase 1 to become collectible bunnies and build a marketplace so you can exchange/auction them.
- We'll be having a Governance system, so that Buni token holders can lock up the Buni to vote, earn the trading fee profits, buyback, and burn BUNI tokens.
- To have other Defi products such as Lending & Flashloand added to the platform soon as we're working on it already.
- We'll have a bridge to Polkadot substrate & para chain ecosystem in Q1 2022. We're proud to have Thi Truong (Founder & CEO of PolkaFoundry) as our executive advisor. PolkaFoundry is one of the top 5 projects of Polkadot ecosystem to date.

done

Sophia:
Wonderful

Q5) What makes BuniCorn better than its competitors?

Phuc Nguyen:
We have many outstanding features that can outrace other DEXs on BSC:
- Flexible AMM pools with a customizable number of assets and weights within a pool. This simulates a real index fund in real life. It also mitigates the risk of exposing too much capital to a high volatile token like traditional uni/pancake 50:50 pools.
- Amplified pools that allow trading between stablecoin pairs with lower slippage and deeper liquidity.
- Smart order routing that automatically split your swap across several pools for optimized price.
- Dynamic fees adjusted base on the underlying volatility to optimize returns for liquidity providers and reduce the impact of impermanent loss.
- No third-party or centralized oracle risks.
- Liquidity providers can also join multi-token pools with a single asset.
- New innovated yield farming model that vests the earned reward and wraps them into NFT collectibles.

done

Nihar I Crypto Nation:
😯

Sophia:
Wonderful answers by @phuc_bunicorn sir i must say🔥🔥🔥

Well with this we finally came to end of segment 1 of the session😍

And its going really great by now😉

Phuc Nguyen:
thank you, Sophia

💣TWITTER SEGMENT💣

Sophia:
Lets move on to Segment 2 , Questions from Twitter. Shall we move @phuc_bunicorn sir?😉

Phuc Nguyen:
absolutely, I've been reading all the tweets in the last few hours haha

Sophia:
Hehe, so many good questions😍

Okay well here comed the first Question From Twitter!!🤩

Phuc Nguyen:
yes, indeed many tough ones too

Sophia:
First question From twitter

The main problem in most "DEX" is liquidity. How does BuniCorn solve the liquidity problem?

Why WenMoon chose to build on the Polkadot ecosystem? What are the advantages of using Polkadot for $BuniCorn?

From @ashes204bd

😁

Phuc Nguyen:
You're right. So firstly we innovated our AMM model so that it optimizes profit for the liquidity provider & reduces the risk of impermanent loss with flexible number tokens per pool, different weight & stable-coin only pools. This will be the main boost for TVL & yield farming and better liquidity as a result.

Especially the stablecoin pools are amplified 100x, so that 1 million USD pool can provide the same liquidity capacity when comparing the slippage/pricing curve of 100 million USD pool in uni/pancake.

And yes, we have agreed with PolkaFoundry and its Founder (Thi Truong) to have a version of Buni bridged to Polkadot parachain ecosystem in Q1 next year.

done

Sophia:
So many great news🔥🔥🔥

Second question from Twitter

Right now issuing a token is a rather simple process. However, building the system and ecosystem is the most difficult part. My question is, How will the demand of the token will increase and how will this token use within the ecosystem?

From @AlexHun001

Phuc Nguyen:
yes we aim big so we also built a big plan for increasing the value of our token

Along the way, the Governance system plays a crucial role in reducing the total supply and increase the demand for BUNI tokens. Buni holders need to lock their tokens to receive the profits from trading fees & flash withdraw/loan fees. The treasury will also use part of the earned fees to buy back and burn the token. This will dramatically reduce the Buni circulating supply.

We'll also have a bridge to Polkadot early next year as agreed with PolkaFoundry team. This will also reduce the supply of BUNI because half of the supply will be on the Polkadot chain instead of BSC.

The last part is NFT vested tokens. Because all of the BUNI minted from the farms will be locked in NFT collectibles, so it reduces the supply. Imagine a super rare NFT collectible worth millions USD of BUNI is locked up and this NFT token is valued and traded at an even higher price.

done

Sophia:
Third question from Twitter

NFT is currently a very interesting trend in the DeFi and blockchain world. Is Bunicorn planning to integrate this type of asset into your platform in the near future? What do you think about these NFTs?

From @ChrisChriscraw

Phuc Nguyen:
We do have the NFT in our platform already. Right now all the farm rewards are wrapped in NFT collectible, you can redeem those later or can also keep them in your collection & trade them if you want.
Each NFT token is wrapped with a different amount of BUNI token. The more BUNI it is, the rarer the NFT collectible. It can be ranked as Super Rare, Ultra Rare with a tailored look & feel.
We aim big for this NFT market because we have good resources in the game industry and will make a whole new exchange/auction marketplace for those value-backed NFTs gamification collectibles.

done

Sophia:
You guys will definitely rock it up!!🔥🔥🔥

Fourth question from Twitter

How was the idea to create this project born? It is very interesting. What do you want to achieve? What are your expectations?

From @AlexHun001

Phuc Nguyen:
Well, we have seen a very promising BSC ecosystem booming recently and yet there is no Defi platform offer the same trading/farming standard that we expected. There are still many issues with the current model of the popular AMM uni/pancake (and many clones) but we're born to be different.

We solved the problems of flexibility pools, stablecoin liquidation market and a yield farming model that increase the demand for token instead of dumping the market.

Thus, we made this project because we like Bunnies and we're confident that we have a clear road to become the next unicorn on BSC.

done

Sophia:
Brilliant😍

And now is the time for last question from the twitter🔥🔥🔥

Which is.....

Fifth Question from Twitter

So, do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

From @MariaCahya3

Phuc Nguyen:
We do have plans to use the fee from trading pools and flash-withdraw fee from the farm to buy back and burn BUNI tokens. This will be done with our Governance soon.

done

Sophia:
With these amazing answers we finally came to end of Twitter Questions🔥🔥🔥

By now we got a very clear vision of BuniCorn😍😍😍

Nihar I Crypto Nation:
Before Live Session Must Join @bunicornswap_en Otherwise You Not Able To Win Rewards

Yes

💣LIVE SEGMENT💣

Sophia:
Now lets move on to Live session🔥🔥

Yes it is compulsory to follow their channel, group and also the twitter to be eligible for reward😉

Moving on to live session now🔥🔥🔥

Community members will be given 100 seconds to raise their questions.

Nihar I Crypto Nation:
Again Reminder

Sophia:
Chat will be unmuted in 3 seconds😉

Nihar I Crypto Nation:
Before Live Session Must Join @bunicornswap_en Otherwise You Not Able To Win Rewards

Sophia:
Sure

Its a compulsion guys so join now🔥🔥❤️

Unmuting chat now😉

………….

Sophia:
Chat is muted now😉

@phuc_bunicorn sir please take all the time you want and select best 5 out of them and answer them😊

you can answer more than 5 if you want😉 just make sure to select best 5 in the last for reward purposes😁

ZA ZA:
NFT is very hot trend now, do you pretend to catch up with this trend or still follow and focus your original roadmap? create values, not create TREND !

Phuc Nguyen:
absolutely good question and a good advice, as I mentioned, we're re-thinking the NFT as a vehicle to bring liquidity to illiquid vested BUNI tokens, so it generate value, speculative price for the NFT and reduce the supply of BUNI at the same time. We make it because it's a real innovative solution, not just a trend.

BD.Rofiqul:
During the 2020 I got scammed a few times, rugs, exit scams etc. - how can we investors be sure that this will not be similar, are your contracts public & somewhere to be seen?

Phuc Nguyen:
We're a legit team with public information. We also hold high positions in corporate as well as good reputation in the space. And more importantly, we believe in Bunicorn that it will make a real value for user and its token holders in the long run.

and yes, the smart contracts are audited by hacken.io and will be open-sourced for all of you to contribute

we'll be running bug bouty campaigns in the future because we have a high standard in security commitment

Nihar I Crypto Nation:
Wow

Kennethyy - Crypto Manager:
What plans do you have to help drive demand and scarcity for $Bunicorn? Have you done ICU, IEO, in any CEX exchange, or IDO in any DEX exchange?

Phuc Nguyen:
we're talking with many VCs and launchpads, we'll be choosing the most suitable IDO platform to launch the project on. Besides, we're a DEX ourselves, so we're gonna create swap pools for BUNI ido right in our platform instead.

Nihar I Crypto Nation:
Wow

Jessica ✿✿:
MAINNET LAUNCH is one of the strategies to attract users and achieve mass adaption. Do You have any plan about MAINNET LAUNCH?

Phuc Nguyen:
We're very different than other projects recently is that we have gone through the most difficult part: making the product. We did it even before the fundraising. We're gonna launch our product on BSC mainet right after our IDO token sales possibly this May.

Sophia:
One more to go😉

Ralph Malinas:
Q. Where does the project name come from? What does it mean for you and why did you choose that name for your project?

Phuc Nguyen:
haha I like this question and wanted to explain a little bit about our name: Bunicorn.

Sophia:
Would love to know😉

Phuc Nguyen:
As I said, it's a pun for Bunny and Unicorn

so imagine we become the next uniswap (biggest in ether) but on Binance

and magically, it has cute bunny as well in the name which perfectly suitable for NFT collectibles and gamification UI

Nihar I Crypto Nation:
Wow

Sophia:
That would be huge🔥

Thank you so much for answering best 5 questions from Live Segment @phuc_bunicorn sir🔥🔥

Now we all have a crystal clear view for Bunicorn i must say😍😍😍😍

It was really an informative session😊

Thanks for that😉😉😉

lets end todays session now shall we @phuc_bunicorn sir?🔥

Nihar I Crypto Nation:
Join Every Social Links Of BUNICORN

Phuc Nguyen:
sorry guys I couldn't answer them all because it's quite a lot

Sophia:
For anyone who has any unanswered questions left, feel free to ask in @bunicornswap_en

Phuc Nguyen:
yeah, if you have more questions, we'd love to answer at https://t.me/bunicornswap_en

yeah let's end the session today, thank you everyone

Sophia:
@phuc_bunicorn sir there would be more than happy to answer them😉

Thank you so much for this session sir

Un muting chat now😉

Phuc Nguyen:
my pleasure, I'm so happy to work with Crypto Nation

cheers guys

Sophia:
🔥🔥pleasure is ours sir

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