May 23, 2021

7 min read

AMA Session with Scofield from BSC Station (BSCS)

Guest: Scofield, Founder of BSC Station
Host: Iris of MXC Exchange

Introduction:

Iris: Today, we’re honored to have Scofield, Founder of BSC Station, to our community to give us a more intuitive introduction to their unique project.

Scofield, welcome. Would you like to say hello and introduce yourself?

Scofield: Hello everyone, It is great to be here today. I’m Scofield, BSC Station Project Founder. Thank you MXC Exchange for hosting today’s AMA.

I am a long time blockchain and crypto currency enthusiast since 2017. I have more than 4 years of research and working in the field of blockchain and cryptocurrency. Over the past 2 years, I have focused on researching DeFi products and developing NFT products by applying blockchain technology.

The team making all of this possible has plenty of experience in the cryptocurrency and blockchain world and other industries. It is crucial to have many different skills under the same roof to bring out the best of decentralized finance and NFTs. With multiple advisors’ help, the 13-person team combines talent from universities, financial firms, fintech, DeFi blockchain projects, and the cryptocurrency industry.

Questions about the project

Q1

Iris: What is BSC Station? Can you share with us more in detail?

Scofield: Let’s me introduce something about BSC Station. BSC Station (BSCS) aims to build a Full-Stack DeFi with NFT Auction on the Binance Smart Chain. BSC Station provides exclusive services including: BSC Swap, IDO Launchpad, Farming / staking, Liquidity mining, NFT Auction and Marketplace.

BSCS operates on top of the Binance Smart Chain and is designed to offer maximum value to consumers and institutions. Binance Smart Chain has solved the problem of infrastructure in the context of BSCS’s product, and that BSCS represents the ideal use case to leverage the technologies offered by its platform.

Now we have launched BSC Station SWAP, Farming/staking with TLV more than $10M after only 3 days after launched, NFT Marketplace and IDO Launchpad are also ready to use.

Q2

Iris: What triggers you to launch BSC Station? What are some of the real-world problems/ pain points that BSC Station aims to solve?

Scofield: Developing a new platform always requires a lot of research effort. We have learned a lot from our previous experience. We created an ecosystem of mutual support and DeFi, combined with NFT, created features that were very unique and different for the user. This is a platform for users to enjoy the benefits DeFi brings such as: IDO Launchpad, Startpool, SWAP, NFT Market where users can bid, buy and sell and earn many benefits from BSC Station.

We can see that the current problem of DeFi can briefly describe as below:

Existing Problem of DeFi & NFT Ecosystem

*High amount of DeFI & NFT assets with low liquidity, poor transaction and utility.

**The NFT still lacks practical application

NFT hards to use to earn yield as DeFi token asset can do

*Lack of user incentives

*Lack of price control, auction mechanisms and transparency of NFT products

*Scalable DEFI & NFT solutions are needed

Q3

Iris: What is the biggest challenge that BSC Station currently faces out of all the problems? How do you aim to solve it?

Scofield: It is great question. The biggest problem we face is how to bring the most effective optimal solutions to users in the current pretty bad market period. We always try to research and find those solutions, compensate for the price slippage that users encounter. And current difficulties will soon pass, we develop with long-term vision so we hope that what we bring will meet users’ expectations.

Q4

Iris: Are there any exciting news or updates with regards to BSC Station that you would like to share with the users?

Scofield: In just a short time, we have launched strategic products such as: NFT Marketplace for Artists, IDO Launchpad, Startpool and have achieved much success.

1. Launchpad: There have been more than 20 projects applying for IDO on our platform, and we chose the first one, ZKCHAOS, a project about The Privacy Shield of Crypto with strong support from VCs like Spark DC, NGC,… and dozens of famous KOLS around the world.

2. NFT: NFT marketplace has launched successfully, users can Mint NFT, buy, sell, transfer or Auction NFT on our platform. The first NFT sale, Genesis NFT was successful, we raised nearly $150k (310,000 BSCS). All BSCS tokens have been burned.

3. Startpool: BSC Startpool helps quality NFT and non-NFT projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens. This is an innovative solution that gives advantages to both users and quality crypto projects. After only 24 hours of launching Pool BSCS, TVL has reached more than $7.5m. This is an extremely impressive number.

4. BSC SWAP: BSC Swap is a decentralized exchange for swapping BEP-20 tokens and NFT on Binance Smart Chain. BSC Swap uses an automated market maker (AMM) model where users trade against a liquidity pool.

Q5

Iris: If you were to summarize your project in 1 word, what would it be? Why?

Scofield: OPPORTUNITY. We think BSC Station is a good opportunity for the community to use DeFi products safely and transparency. This is also a great investment opportunity for you who are looking for an opportunity to invest and accompany the project for a long time.

We believe that communities are important contributors to solving the problems that remain in the digital asset market. BSCS believes that with a quality ecosystem, determined by the community, a transparent and optimal operating model will be the best destination for users.

BSCS provides the ability to issue new assets Pool at the lowest cost and create highly liquid capital pools through our platform. There are no restrictions on the initial price nor the ratio of funds and tokens supplied.

BSCS is both NFT and DeFi: a Full-Stack DeFi with NFT Auction on the Binance Smart Chain. BSC Station provides exclusive services including: BSC Swap, IDO Launchpad, Farming / staking, Liquidity mining, NFT Auction and Marketplace.

Free-asking Session

Q1. How does BSCStation evaluate the importance of the user community? In the near future, does BSCStation have any special plans to attract and expand the community ?

Scofield: We believe that communities are important contributors to solving the problems that remain in the digital asset market. BSCS believes that with a quality ecosystem, determined by the community, a transparent and optimal operating model will be the best destination for users. We are constantly expanding and welcoming new members to the BSCS station.

💥Below are BSC Station community links for global & local groups💥

✅Arabic🇦🇪 @bscstationarabic

✅Bangladesh🇧🇩 @BSCStationBangladesh

✅Chinese🇨🇳 @bscstationcn

✅English🇬🇧 @bscstation

✅French 🇫🇷 @bscstationfrance

✅Indonesia🇮🇩 @bscstationindo

✅Indian🇮🇳 @bscstationindia

✅Iran🇮🇷 @bscstationiran

✅Korean🇰🇷 @bscstationkorea

✅Netherlands🇳🇱 @BSCStationNetherlands

✅Portuguese🇵🇹 @BSCStationPortuguese

✅Philippines🇵🇭 @BSCStationPhilippines

✅Russian🇷🇺 @bscstationrussia

✅Spanish🇪🇸 @bscstationespana

✅Turkish🇹🇷 @bscstationturkiye

✅Vietnamese 🇻🇳 @bscstationvn

✅Bscs Airdrop group @BSCStationAirdrop

✅Official Announcement Channel @bscstation_media

Q2. Explain the Utility of the $BSCS Token and why should we should be incentivized to buy/hodl?

Scofield:

The benefits of BSCS Hodler? Here is a quick overview.

* FUTURE BENEFITS: There are many other benefits of BSCS Hodler that we are building and researching for early implementation

*GET FREE TOKEN: Hodlers holding BSCS token will receive another free token

*IDO LAUNCHPAD: Guarantedd IDO allocation by Holding BSCS Token

*UNLOCK NFT AUCTION: BSCS tokens will be used to pay as Auction fee, transaction, and also for NFT access behind paywall.

*VOTING: Hodlers holding BSCS can vote to approve or reject projects on BSC Startpool

*SHARING TRANSACTION FEE: Hodlers holding BSCS will share transaction fees

*NFT gift: Those who holding sufficient BSCS will qualify for NFT gift.

To hold BSCS Token, user can eligible to join our Launchpad https://launchpad.bscstation.finance/ or Farming/staking https://farm.bscstation.finance/#/ and many benefits from BSC Station. https://bscstation.finance/#/swap

Q3. NFT is really trending topic now in the market. So, how does your project plan to onboard the development of NFTs and how do Your project plan to combine it with DeFi?

Scofield: NFT is really trending topic now in the market, and I believe it will be more popular in the near future. We want to empower NFT industry with more practical applications and higher liquidity. Also, we will launch an NFT product quite soon with some famous IPs, Auction, Digital Arts from our Studio. Please stay tuned.

NFT is an innovative solution that gives advantages to both users and quality crypto projects, and in this yield farming product, addresses who hold BSCS Genesis NFT can enjoy Farming Multiplier, meaning their yield mining efficiency could be higher and Additional IDO guaranteed allocation. This type of utility is not only consequential for the ecosystems that will take root on the BSC Station platform, but also as a sign of what’s possible when fusing the worlds of NFTs and DeFi

Thank you again for your warm welcome. Have a good day, and don't forget to follow our channel to get latest news. Where can you find us?

Website: https://bscstation.org/

Twitter:https://twitter.com/bscstation

Medium:https://bscstation.medium.com/

Telegram Group: https://t.me/bscstation

Telegram Channel: https://t.me/bscstation_media

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