AMA Recap: BitCherry “All Spark Plan” Special Ecological Support Fund of US $10 million
BitCherry Official Launch the “All Spark Plan” to set up a Special Ecological Support Fund of US $10 million designed to foster more valuable, has the potential to blockchain business applications, improve their distributed business ecosystem. In this “AllSpark Plan,” developers can deploy and run DAPP on BitCherry. We will evaluate the top 10 according to the registered projects’ operation and give a “Super Spark” incubation reward, including financial support, technical support, strategy formulation, resource docking, team training, and other all-around support.
Peter：Nice to meet you Paul.How are you?
Paul: Good Day. Nice to meet you Peter and all Members of the BitCherry community.
Peter: In order to let more investors and developers know more deeply about BitCherry Ecological planning, the establishment of BitCherry distributed ecological fund, and “All Spark Plan” $10 million boosts ecological development. I will ask you some questions about these. Let’s open it now ok?
Peter: #Q1 What are BitCherry’s technical goals? What are the advantages of BitCherry’s chain?@paul
Paul: #A1 BitCherry pays more attention to the diversified business ecosystem, and the main goal is the commercialization, high-speed and customization of the chain. In terms of technology, the data will be subdivided according to the actual needs of different application scenarios, and corresponding side chains will be provided according to different types of content, finally building a distributed business ecology of “blockchain +”.
Peter: #Q2 What are the future plans for BitCherry’s ecological development @paul
Paul: #A2 BitCherry’s future ecology will be a parallel push from DEFI, gaming to NFT.
After the launch of the BitCherry mainnet, it will gradually build up a diversified ecosystem in niche areas such as Defi, games and NFT. It is conceivable that further breakthroughs in BitCherry’s technology will attract more projects on other blockchains in the context of congestion on the mainstream blockchain network and high Gas costs. While most apps are in the early stages of development and performance, BitCherry will continue to provide more incentives and support for its ecosystem projects.
Peter：#Q3 What preparations has BitCherry made for ecological development?
Paul: #A3 BitCherry officially announced on March 26, 2021 formally established the “BitCherry distributed ecological funds”, aims to cultivate more valuable, has the potential to block chain business applications, to perfect the BitCherry distributed business ecosystem, and decided to invest $10 million for the development of the application of ecological chain, competition, hatch as well as investment, funds for developers on the ecological problems and promote the technical and operational all-round support, help potential development project from 0 to 1.
Peter：#Q4 What is the “Allspark Plan” from BitCherry, and what support does it offer to developers?
Paul: #A4 “The AllSpark Plan” is a project recruitment plan proposed by BitCherry on March 29. The goal is to cultivate more valuable and promising blockchain business applications to enrich the BitCherry distributed business ecosystem. BitCherry Distributed Ecology Fund also announced that it will invest $10 million in the development, competition, incubation and investment of ecological projects. We will provide comprehensive support for high-quality and potential blockchain projects, including financial support, technical support, strategy formulation, resource matching, team development and so on. It can be said that if you join our recruitment program and get a ranking, you will get a lot of resources from BitCherry. If you are confident in your technology, or have your own unique insight into the future trend of blockchain, you can participate in the competition.
Peter：#Q5 What types of projects are more needed by BitCherry ecology? Or will the “AllSpark plan” give priority to support?
Paul: #A5 BitCherry is more focused on ecological infrastructure, so the following track items are more likely to be awarded bonus points in the final score: Defi Apps, Games, Auction Platform, Distributed Cloud Computing, Predictors, Derivational Trading, Data Services, etc. In addition, BitCherry Distributed Eco Fund would like to welcome all outstanding/promising blockchain project teams to join us. You can be:
1. Have a sound blockchain project solution, optimistic about the BitCherry distributed business ecology, and want to find the right technology, team or financial support team or individuals in the ecology;
2. Early teams or individuals who are using the BitCherry blockchain network for development;
3. Teams or individuals who have done projects on public chains such as Ethereum and have confidence in the BitCherry ecosystem;
4. Priority will be given to projects developed on the BitCherry blockchain network.
Peter：#Q6 In the Crypto industry, what do you think of the current state？What do you think is the biggest advantage of BitCherry leading the market?
Paul: #A6: good question, Wow great question. The cryptocurrency world is amazing, this is such an exciting time to be alive and involved in this space. It feels like major developments are happening daily. Whether you are just starting out, a day trader, a bitcoin / altcoin enthusiast, or work in the crypto industry, this is the time to watch different ideas and minds flourish.
I think the success of BitCherry requires three things: technology, business development (2B) and customer marketing (2C). First, we always need to put our technology and products in the first place; Second, on the business side, BitCherry’s vision is focused on technology leadership, development friendly, user friendly and commercial acceptance, enabling enterprises to complete deployments at the lowest cost, and being highly customized and enabling cross-chain communication. This will attract more companies to cooperate with us; Finally, in terms of marketing, BitCherry has higher performance, which makes it easier for BitCherry developers to promote their dApps to ordinary users, and allows more developers to build the BitCherry ecosystem together.✅ Apply All Spark Plan: http://bit.ly/AllSparkPlanForm
Peter：Thank you for your great answer
Peter: We will go to part 2, The community will post the question
What is BitCherry’s vision for DEFI? What features are built into BitCherry to support DeFi?
Paul: BitCherry has two visions for Defi:
The first is to return ownership of assets to users. Users can control their assets through the private key, which is what all current wallets do, but it’s not enough for personal assets. The second is to make the assets on the chain liquid. What centralized trading currently does is provide liquidity, but there are some limitations. Of course, there are teams working on Dex, but these Dex solutions are limited by the performance of the public chain, and the vision is good but the actual transaction process is not elegant enough.
For the above two visions, many public chains, DeFi have not yet realized. However, Bitcherrry has been considered for commercialization when doing the underlying design. The features of “main chain, side chain and cross-chain” built into Bitcherrry can make the above vision come true. The main chain issues assets, connects to other assets on the chain through cross-chain technology, and finally realizes the flow of assets through on-chain matching and trading.
Can you talk about the advantages and motivations of users’ long-term holding of BCHC?
Paul: I’m sure everyone has his or her own opinion on a subject, but the value of BitCherry has long been evident to proponents of the project. With the development of the market, the distributed finance industry will inevitably need to focus on the direction of technological innovation, scene landing and real asset chain, and it will also need more refined smart contract requirements and small and high-frequency financial application scenarios. BitCherry technology advantage is to meet the needs of customized and small high frequency application scenarios, this also is BitCherry irreplaceable competitive in the market, as you can imagine, when a lower development costs, lower transaction costs, safe and can be customized, also can meet the demand of commercial high frequency of use of the underlying infrastructure appear in the market, believe that the market will have no reason to not use it.
As the value support of BitCherry public chain, BCHC guarantees the decentralization of BitCherry and enables the stakeholders in the ecosystem to participate in the network governance freely and fairly. In addition, BCHC generates value circulation in the process of users exercising their rights and interests, so as to maintain the development of BitCherry value network. In the future, with the continuous expansion of ecology, the value of BCHC is bound to increase.
How to view the HECO Chain? Will BitCherry and Heco be competitors？
Paul: HECO is an excellent public chain, and also a project worthy of attention. We believe that BitCherry and HECO can work together to advance the entire blockchain ecosystem in the future. HECO focuses on ecological diversity, while BitCherry focuses on ease of use, high compatibility and high performance in the business field. We now have potential partners with our own needs. So far, we have a healthy competitive relationship with HECO
What can we expect from BitCherry in 2021?
Paul: In 2021, we expect BitCherry can bring change to the whole block chain industry, the future application and chain must be based on actual application scenario to solve practical problems, so BitCherry by condensation technology, community and ecological resources, build can really satisfy different business scenarios block chain the underlying infrastructure, fu can real business development, to provide support for global business block chain transformation, enables developers to promote their DApp to ordinary users more easily, Ordinary users can also experience the convenience and optimization brought by using the BitCherry DApp.
What challenges did the team face when the BitCherry test network launched? What are your plans after that?
Paul: BitCherry as a growth-oriented project, until we were certainly not all the way flat, numerous challenges waiting for us to solve. After that, we will actively deploy the development of the developer community. The success of Ethereum is largely due to its huge developer resources. Countless developers have innovated so many high-quality projects in exchanges and collisions. Therefore, in addition to continuous improving technology, a more reasonable incentive mechanism will be established to positively motivate the developer community. The future of the public chain applications to solve practical problems must be based on the actual application scenarios, so BitCherry through aggregation technology, community, and ecological resources can meet different business scenario’s blockchain underlying infrastructure and business applications.
Clearly, many blockchain projects don’t solve any real problems and exist only to sell their tokens. In comparison, what problem does BitCherry solve? What solutions are offered?
Paul:With the problems of Ethereum network congestion and high Gas costs not being solved in a short time, project participants are also looking for alternative solutions to provide their users with low-cost, high throughput scaling solutions with high performance. BitCherry as the world’s first based on IPv8 technology in the service of the expandable blocks of distributed business chain infrastructure, through profound technical strength for the global business in various fields to provide user-friendly block chain infrastructure, support different business scenarios of customized block chain applications, and support completely private side chain, each side chain is a complete commercial grade block chain solutions. In the future, more and more project parties will seek to build or use the BitCherry chain.
Which area are you focusing on at the moment? (DeFi, Stake,Dapps,NFT..) and what is your goals in this year
Paul: Good questions. DAPP development are the most important thing for us now, and we expect more developers to deploy DAPPS on BitCherry, We’ll move on to other areas as we make more progress in ecology, such as: NFT、DEFI.
In 2021, we expect BitCherry can bring change to the whole block chain industry, the future application and chain must be based on actual application scenario to solve practical problems, so BitCherry by condensation technology, community and ecological resources, build can really satisfy different business scenarios block chain the underlying infrastructure, fu can real business development, to provide support for global business block chain transformation, enables developers to promote their DAPP to ordinary users more easily, Ordinary users can also experience the convenience and optimization brought by the DAPPs.
How many wallets that can support $Your Token until now? And do you have any plan to build your own wallet?
Paul: Such as Token pocket，imtoken, Trust wallet and Bitpay. We cooperated with some wallets programs in the early stage of the mainnet launch, and it is expected that we will develop our own wallets in the second half of this year. We will announce after confirmed
What are your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
Paul: This year’s plan is mainly to develop and improve the main network ecology, more detailed of plan, you can log in BitCherry website (bitcherry.io) view the roadmap. In 2021, we expect BitCherry can bring change to the whole block chain industry, the future application and chain must be based on actual application scenario to solve practical problems, so BitCherry by condensation technology, community and ecological resources, build can really satisfy different business scenarios block chain the underlying infrastructure, fu can real business development, to provide support for global business block chain transformation, enables developers to promote their DAPP to ordinary users more easily, Ordinary users can also experience the convenience and optimization brought by using the BitCherry DAPP.
✅ Apply All Spark Plan: http://bit.ly/AllSparkPlanForm