So we will have 2 parts to the AMA.
The first part the group will be frozen and we will get a high level feel for the project.
The second section ill open to the community for live questions
To begin with it would be great if you could give us a few details of your history and your role in the BSE team?
I’m Zurume, I am the co-founder of Buy-Sell. I’m a blockchain and crypto enthusiast for a long time, trader and analyst. With powerful team members such as @manaforth, @bamanga_1, that cut across different regions and different fields, has come together to present and add more value to the blockchain and DeFi ecosystem.
Great, thanks for that intro.
Now lets get in to the juicy deets. I was surprised at the features available when I was navigating the site, particularly the ability to buy fiat.
So let’s touch on some of the key points
It would be great if we could hear a top line summary of the project including the following:
1 . Overview of the Defi platform including purchase of fiat and relevant fees, the non custodial exchange, lend/borrow feature & relevant launch dates?
2. What is the Defi aggregated swap?
3. Classic, pooled & asset staking overview.
4. What is Xbse?
5. Governance concept and platform revenue share.
6. NFTs and more further down the timeline?
Buy-Sell is a DeFi and non-custodial ecosystem that brings services such as aggregated decentralized and synthetic asset swap, governance, staking, farming, lending, borrowing auction, NFT, through a BSE membership mechanism.
BSE is the utility token for the ecosystem whereby BSE holders earn 75% of the fees we charge, while the remaining 25% is used to buyback BSE and burn which automatically increases value by increasing demand. With 3 unique types of staking, BSE holders earn daily or monthly BSE and other assets rewards depending on the staking type joined.
DeFi aggregator swap enables people to instantly swap all major erc20 tokens at very cheap rate from best and copeting price and very low gas fee.
Pool staking enables people to earn up to 7% from staking and unstaking fee, and also share from daily bse distribution from the 20% of total supply allocated to staking, also, fees earned from exchanges and borrowing are distributed to all pool stakers.
Asset staking simply enables people to permanently stake their BSE and earn UNI up to 300% yield. and this has been working perfectly fine for over a month with interest up 11% weekly
Govenance, this will enable everyone to make proposals and vote on projects and events on Buy-Sell and share from the BSE allocated for this. To participate on this, user need to own BSE.
For NFT’s and Auction, utilizes xBSE, which the farming just got launched about 24 hours ago and it has a powerful yield.
Wow, nice overview. Appreciate the details. So the aggregator would use an efficient route path to obtain best prices?
exactly, like totle, uniswap, 0x and many more.
I’m a huge fan of governance with tokens.
👍🏻 good to know this…😊
Can you share more details on the yield available?
The lend and borrow feature..what’s the timeline on this?
Yes, is a different token that need to be farmed by providing liquidity through this route BSE-ETH, xBSE-BSE, xBSE-ETH.
xBSE Farming Reward (Reward per week / per pool)
xBSE / ETH UNISWAP LP Pair (10% of withdrawal goes to treasury)
Week 1–2 : ETH / xBSE = 31800.76
Week 3–6: ETH / xBSE = 15900.38
Week 7–12: ETH / xBSE = 7950.19
Week 13–20: ETH / xBSE = 3975.10
BSE / ETH UNISWAP LP Pair (10% of withdrawal goes to treasury)
Week 1–2 : BSE / ETH = 6392.25
Week 3–6: BSE / ETH = 3196.13
Week 7–12: BSE / ETH = 1598.07
Week 13–20: BSE / ETH = 799.03
xBSE / BSE UNISWAP LP Pair (10% of withdrawal goes to treasury)
Week 1–2 : BSE / ETH = 7812.49
Week 3–6: BSE / ETH = 3906.26
Week 7–12: BSE / ETH = 1953.13
Week 13–20: BSE / ETH = 976.55
xBSE total supply: 299035.86
Farming to last for: 20 weeks
Why should the community use the bse ecosystem to trade over lets say uniswap?
Because of the following;
- fees charged are redistributed to BSE holders
2. reduces gas
3. easy to use and interact with.
Great. Sometimes these statements are better than everything else.
Ok, well I’m going to open the floor very soon to the community so please get drafting your questions
Is there anything else you’d like to share before we do so. What about the fiat on ramp, off ramp?
Alright, we have partnered with Tranzak for this, and everything is working fine. anyone can can purchase any erc20 token from our portal instantly.
And good thing is fees collected still gets redistributed to the community.
Thank you. AMA is ended.
Thank you all for your time and audience, wished to have answered more. 😂 what a great community
Medium: https://medium.com/@BuySell_Network
Twitter: https://twitter.com/BuySell_Network
Telegram: https://t.me/buysell_network
Website: https://buy-sell.io
