AMA Recap with BST Group
On the 7th of March, 2022 at 2:00 UTC, Decentralized Club had the honor of hosting Dr. Umair Mehmood, Director of Strategy at BST Group, for an Ask-Me-Anything session on their Telegram page with a community of over 60,000 people. It was hosted by DC Host, Min.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what BST is all about, you can find a recap of the interview here.
Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 — Introduction
[Min]
Good day, everyone, and welcome to today’s Ask Me Anything session with Blue Sapphire Tokens Group (BST Group).
I am Min, your host for today’s AMA.
We have a very special guest with us today, Dr. Umair Mehmood.
[Umair Mehmood]
I’m Dr. Umair Mehmood,
[Min]
Hello Dr Mehmood! Thank you for your patience so far.
[Umair Mehmood]
Thanks for inviting me
[Min]
It’s our pleasure!
Dear community, please allow me to do a quick introduction of our special guest.
Dr Umair Mehmood is a Futurist and Cognitive Neuroscience Research Scholar with a range of interests including quantum cognition, neurogenomics, and strategic foresight. He is the President of WePelicans Prospective, a Private Equity Investment Syndicate based in Dubai focusing on futurism and innovation. Additionally, he is the Rector of the Behavioral Sciences Research Center (BSRC) and Founder of the Center for Knowledge Progress. He advises various government institutions, public sector GREs, academia, and private sector entities on various subjects including prospective intelligence, digital assets, and neuro efficient learning pathways. He is also an expert in the treatment of complex psychotic and psychosocial problems. Umair is a network member at Arête Initiative of the University of Chicago and holds memberships in several international scientific forums. He has developed a mechanism of human conscious assessment called CORTIXE to assess human cognition processes and abilities. He has authored several manuscripts, including a book of personal poetic thoughts & expressions, and is vocal about public awareness on issues such as women’s empowerment, social and ethical investments, and the role of academia towards collective cognitive growth. Umair Mehmood resides in Dubai and is accessible for strategic-level advisory propositions.
He is also the Director of Operations and Strategy at Blue Sapphire Tokens.
A man of intellect and experience!
If we were on the voice chat, I’d give you a standing ovation!
Having you here for this AMA session is an honour.
[Umair Mehmood]
I feel honored being able to interact with fine people from the Decentralized Club
[Min]
We’re super excited to have you!
Shall we get started?
[Umair Mehmood]
I’d love to see and hear you but seems like we’ve to rely on text today
Let’s do it
[Min]
Unfortunately! We will make the best out of it regardless!
[Umair Mehmood]
Looking forward to an enthralling season
Session
[Min]
The AMA is divided into three segments.
Segment 1 — Introduction
Segment 2 — Twitter Questions
Segment 3 — Live Questions
Let’s get started with the introduction questions!
Can you tell us more about the Blue Sapphire Token and the BST Group and what makes it unique?
[Umair Mehmood]
BST has a story. Let me tell you that. Founders of BST are a group of gemstones traders well known for decades for their acumen and prowess and respected for their nobility and humility. We recognize them with the fact that whenever they are announcing anything, they are actually doing it on the ground.
When they decided to tokenize their asset base held mostly in the shape of the world’s most valuable gems “the Kashmiri Blue Sapphire” having a 200 years history of upside value appreciation, they decided to do it methodically instead of metaphorically.
So they opted for a third party full scope commercial valuation to support “intrinsic value” of the BS Tokens. It was valued over US$ 529 million in April 2021 and the value keeps growing proportionate to the real business economy.
BST is unique for two reasons:
1. The token is born with an intrinsic value
2. The token is appreciating organically with the real progress made by the real world gemstones business
[Min]
A little bit of history there! I appreciate it!
It’s quite impressive that $BST is backed by gemstones! Beautiful!
Can you explain the key features of the BST token and its use cases? How can holders of BST benefit from staking and other tokenomics features?
[Umair Mehmood]
BST has a massive use case development program. Pivoted around real world use cases, the strategy is two pronged:
Alpha: the Ecosystem Usability
Bravo: the Interoperability
Right now, you can buy BSTs and stake in the ecosystem projects. BST Gemstones Trading LLC plans to auction its first set of immortal Kashmiri Blue Sapphires publicly in Q4 of 2023. That gives you an opportunity to enjoy the MEGA upside in the token value
Other use cases include diversity of up and running ecosystem projects and applications. BST is also investing in the EcoSMART Sapphire Chain, a Start up Accelerator and a VC Fund dedicated to the youth innovative tech startups.
Staking gives you an average yield of 60% YoY besides an organic token value appreciation
[Min]
This is too impressive!
I must say, this is the first project I’m encountering with gemstone-backed value and a team with a wealth of experience!
Great work, BST 👏🏻👏🏻👏🏻
Alpha and Bravo. Simple.
I definitely will remember that!
Can you discuss the KYC & Audit process that the BST Group has in place to ensure investor confidence and security in its projects?
[Umair Mehmood]
BST Gemstones Trading LLC is a legitimate business duly incorporated in Dubai. It is licensed by the Department of Economic Development and regulated by the government of Dubai. BST has to ensure legal and financial compliance in line with the international regulations governing AML and CTF. There’s a standard KYC protocol guided by the central bank of UAE which is in compliance with the international law and FATF guidelines.
Being regulated actually protects the stakeholders, investors and the token holders alike.
When you are dealing with the world’s most precious gemstones carrying immensely powerful value, then you got to be careful.
Remember: one karat of the Kashmiri Blue Sapphire (heart of the ocean) is worth more than US$ 180,000.00
[Min]
🥳
You are good to go! Registered and trusted!
Hear that everyone?
I’m blown away!
What is your roadmap for the growth and development of the Blue Sapphire Token and associated projects? What are the key objectives for the team in the short and long term, and what challenges do you anticipate facing along the way?
[Umair Mehmood]
BST Group has more than 70% of the already discovered Kashmiri Blue Sapphire reserves in the world. Company plans to develop these reserves in stages. The development process requires lots of work in precision manufacturing that involves gemological engineering, designing, cutting, heating, treating, polishing and Certifications. You can imagine that it’s a long term activity that is carefully controlled and benchmarked.
The token supply is connected to the metamorphosis and development cycle. It means that the burn rate is equivalent to the utilization of tokens.
Once the auction takes place, you’re talking about more than 20x growth factored into your token value. Staking BST longer fetches you more profits and adds more value to the ever increasing Blue Sapphire price.
Remember: Kashmiri Blue Sapphires NEVER decreased in value in last 200 years
[Min]
Whoa!
[Umair Mehmood]
Besides auctioning off more than 70% of the global reserves of Kashmiri Blue Sapphires, BST Group is also focusing on inclusion. Youth empowerment by encouraging innovative youth startups will weave a celestial culture of innovation that will include masses and lift people out of poverty by actively engaging them in businesses
It will also promote utility of the tokens and ensure wider mass adoption
So, two things:
a. Developing tons of the Kashmiri Blue Sapphire reserves and auctioning them to yield massive 20x to 50x (God knows) in due course of time.
b. Knitting a global ecosystem of innovative projects ensuring utility and interoperability.
Challenges include ever evolving regulations and to some extent; the skepticism surrounding crypto industry
We need to play our part in promoting the really credible digital assets that represent some intrinsic value
[Min]
Is anyone else reading this? I have no words! 😮
I have to ask! Where is $BST trading?
[Umair Mehmood]
BST tokens are available on CEXs and DEXs. Please visit http://bstokens.com for more
Gemstones are kept in vaults and traded physically in Dubai
[Min]
Everyone! Please visit:
https://twitter.com/Bstgroupworld
https://t.me/bstokens_official
[Min]
Can you share any upcoming news or updates related to BST that the community can look forward to?
[Umair Mehmood]
Kashmiri Blue Sapphires are somewhat “impossible” to buy, so the Royal families and billionaires afford it. Hope you remember looking at this stone in the Titanic movie. Rose wearing HEART OF THE OCEAN. Right?
BST Gemstones Trading LLC is actually democratizing the use of this enormously valuable asset by putting tiny pieces (1.25 to 2.0 karats) of their stones into a BioSapphire Bracelet.
This BioSapphire Bracelet values more than US$ 500.00 but they’re offering it for the BST token holders for ONLY US$ 200.00
Announcement: BST Gemstones Trading LLC is going to launch its first ever Civic Engagement program called “Gem of a Person” initiative in April.
Stay tuned and connect with BST for the invitation
[Min]
How can we get the BioSapphire Bracelet? By being holders of $BST?
[Umair Mehmood]
BST token holders will be eligible to purchase BioSapphire Bracelets at discounted rates. The Bracelet is worth more than US$ 500.00 (depending upon size of stones) that is made available to the token holders exclusively for US$ 200.00 only. You can wear it for health benefits or sell it for profits.
[Min]
$200 for a blue sapphire bracelet is a steal!
BST is an impressive project!
We’ll be moving to Segment 2 shortly everyone!
Please visit:
https://twitter.com/Bstgroupworld
https://t.me/bstokens_official
[Umair Mehmood]
BST will announce early bird sales in the next couple of weeks. You can avail early bird discounts if you’re holding BST tokens. You may also connect with BST for invitations to the launching event in Dubai.
[Min]
We will be on standby for the information!
[Umair Mehmood]
I’d recommend you to buy BST tokens early so that you can benefit from the volatility owing to the increase in demand.
Earlier the better!
Imagine the impact of announcing the launch date on the token value
Join BS Tokens Official on Telegram and stay tuned
[Min]
I recommend this to everyone reading and listening!
Segment 2 — Twitter Questions
[Min]
In this segment, Dr Mehmood will be answering some interesting questions from our Twitter audience.
Ready? @WePelicans
[Umair Mehmood]
Always
[Min]
1. Let’s talk about Decentralized Gem Finance. How does the use of gemstones to back the value of BST differ from other cryptocurrencies that are backed by more traditional assets such as fiat currency or commodities?
Twitter Username: @theyasflower
[Umair Mehmood]
Interesting question. It’s no different if the assets backing token value are valued and third party validated, kept in custody, legalized by the regulator and complied with the AML/CTF regulations in force.
[Min]
2. How does BST’s Sapphire Browser project provide deeper functionality than a traditional browser, and what role does it play in shaping the future of Web3?
Twitter Username: @ThatLifeGiver
[Umair Mehmood]
Very interesting. Imagine yourself being part of the Kashmiri Blue Sapphire mining process in the Metaverse. Web 3.0 is literally the right way to promote mass adoption of such a stereotypical oldie sort of gemstones exploration. It would be super exciting, adventurous and full of high adrenaline fun. Think about being Indiana Jones of the centuries old gemstones mining action!
[Min]
Exciting answer!
[Umair Mehmood]
The thrill radiates through my body when I’m imagining this
[Min]
Haha! I can imagine 😁
[Umair Mehmood]
Only a gamer would understand
[Min]
So many gamers here are keying in! 😁
[Min]
3. What is the focus of BST Group’s Smart City Solutions and Metaverse Technology projects?
Twitter Username: @Orinaorinakraj
[Umair Mehmood]
BST Group aspires to utilize the “value” for development that benefits people through infrastructure projects. Investing in the SMART cities is one of the most viable ways. It is part of the ecosystem strategy that BST Group will develop SMART tech projects across the globe.
[Min]
🔥
Having a sustainable project entails having a sustainable plan to work with, what is the sustainability approach for this amazing project?
Twitter Username: @jones4sure
[Umair Mehmood]
Such an awesome question. BST sustainability strategy has two cardinals:
1. Sustainable Gemstones Mining. I hope you know that current practices are not very eco friendly and BST wants to change this with technology. BST’s ecosystem strategy is focusing on investing in new technologies and improving existing systems to meet net zero goals by reducing the carbon footprint.
2. Economic sustainability is encouraged by improving effective real world use cases for the BST tokens. That’s how token value would be connected to real world business performance. The entire business ecosystem respects ecological sustainability.
[Min]
Food for thought! 🤔
I love how BST is considering the ecosystem and heading towards leaving zero carbon footprints! We can say BST is eco friendly at this point!
[Umair Mehmood]
It is our collective responsibility
[Min]
Yes, it is indeed!
5. You say that Blue Sapphire is a safe space for investors in the crypto space. However, we have seen many projects claim so and then rug pull, what makes Blue Sapphire unique from others? Why should investors invest in Blue Sapphire?
Twitter Username: @JenneyJ10
[Umair Mehmood]
There are some prudently obvious facts from history. Kashmiri Blue Sapphires never decreased in value for the last 200 years. No company trading in Kashmiri Blue Sapphires ever defaulted. Banking on a digital asset that is protected by Kashmiri Blue Sapphires has an obviously lower risk profile. It seems like a good choice, especially when we compare BST with other cryptocurrencies that you’ve rightly referred to.
[Min]
I believe BST has the most solid backing I have ever seen!
I am very confident in the project and I’m sure the thousands of people joining us in this session are too!
[Umair Mehmood]
It is once in a lifetime opportunity
[Min]
Let me take a minute to commend you, Dr Mehmood, for your detailed breakdown of the answers you’ve given so far! It is truly exciting to have you come talk to DC about the many wonders and use cases of BST!
[Umair Mehmood]
I feel honored interacting with such an informed community
[Min]
The pleasure is ours as well!
It’s now time to take questions from our live audience!
A minute for the community to prepare excellent questions!
In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
AMA Rules for the community
Dear guest, what’s your favorite sport? :)
[Umair Mehmood]
Badminton
[Min]
Dear community, as a measure to deter bots and reward hunters, please include the phrase below in your questions so the guest can tell original questions apart!
Dr Mehmood is a great guest that likes Badminton✅
DO NOT TAG THE GUEST
The group will be unmuted now.
— -Chat was then opened for the live community to send in their questions —
Segment 3 — Live Questions
[Min]
Dear guest, as a measure to deter bots and reward hunters, your favourite sport has been included in questions as a sentence
(Dr Mehmood is a great guest that likes Badminton ✅)
to tell original questions and viewers paying attention apart.
Please prioritize such questions.
[NHI]
There are many cryptocurrency startups established by talent teams. but they had problems raising capital via token sales due to many factors such as the bear market. bankrupt… This led their potential startups to fail. So how will BST break these barriers and attract more funds from outside crypto space
[Umair Mehmood]
BST has not yet faced any such problems. Think about selling a stone and moving forward. BS tokens are a great investment for that reason.
[Maris Flora]
Fund hacking/stealing is always a headache problem on any exchanges, trading platforms. So how safe is the fund that is going to be kept on BST? What will happen if there is a problem with the funds of users on BST?
[Umair Mehmood]
That’s important: BST values security of the systems and networks. Being a multi chain and multichannel utility token, BST will make sure that you stay safe.
[Dexter]
With BST Group focusing on inclusion by encouraging innovative youth startups, What procedures are in place to check for fake and duplicate business, and how will this be implemented?
How can I be part of this youth startup program?
Dr Mehmood is a great guest that likes Badminton✅
[Umair Mehmood]
There’s a set of rules and operating procedures to make sure that we’re interacting with legitimate projects truly innovative in nature. Chambers of Commerce and government agencies are supporting our efforts as well. Please connect with BS Tokens Official on Telegram and stay tuned for the announcements. I think BST Group will hopefully launch their Growth Aggregator in Q4 of 2023.
[Space Dan]
Potential & efficient solution to change the world with the use of Internet of Things (IoT) to achieve sustainable urbanization, and I notice your project puts forward that solution, correct? Then, the biggest application of your project in the future will be finance or IoT?
Dr Mehmood is a great guest that likes Badminton✅
[Umair Mehmood]
Both. BST is weaving a global ecosystem with a wide spectrum approach. You can’t do everything all by yourself so BST is involving scientists, professionals, engineers, programmers and everyone who can be part of the ecosystem activity.
You’ll be happy to know that BST is working with a company developing digital twins for urban development.
[Union Station]
Do you think that DeFi will disrupt the existing financial system? What is the BST approach towards the DeFi sector?
[Umair Mehmood]
DeFi is the way forward and BST is tirelessly pushing towards promoting inclusion leading to greater adoption.
[Roxana Yashita]
Do you have or plan to align with a credit / debit card BSTany in the near future
[Umair Mehmood]
Yes.
[Nimsa]
What makes the Blue Sapphire chat app unique compared to other messaging apps in the market?
Dr Mehmood is a great guest that likes badminton ✅
[Umair Mehmood]
When the chat app will complete its alpha version, you’d be surprised to see the features.
[Hoàng Tuyết Băng]
What makes a token successful is being actually useful, so users have real reasons to buy it. What are the use cases of your token in the ecosystem, and which ones will be released soon?
[Umair Mehmood]
I’ve explained this earlier in detail. BST Gemstones Trading is a decades old revenue generating company already making money by developing raw and rough Kashmiri Blue Sapphires and selling them in auctions. Please Google about Kashmiri Blue Sapphires auctions to know more. So there’s a very highly productive and profitable existing utility. Additionally, BST is weaving an extended global ecosystem of innovative tech startups.
[Phan Hải Phượng]
What will be most profitable within the BST ecosystem? Staking or Lending? Do you already have some ROI that you can tell us about?
[Umair Mehmood]
Staking
[LicK]
What strengths does the Blue Sapphire Token group have and what will break down in the near future? #Badminton✅
[Umair Mehmood]
Please surf through http://bstokens.com and download the whitepaper
[Min]
https://t.me/decentralized_club/1015348
A rousing standing ovation for you!
You are the most patient guest ever and the BST Team is indeed lucky to have you on!
Any closing remarks for our community?
[Umair Mehmood]
Love you all. Such an informed community. Honored to be part of this AMA.
such an awesome and unforgettable experience for me
[Min]
It’s a wrap everyone! We had the most amazing session with Dr Umair Mehmood from BST Group!
It was such an insightful session! I didn’t even know a lot about Blue Sapphires until today!
BST is backed, registered and trusted! Please visit https://www.bstokens.com/ for more information about the wonderful project!
And me too!
With this, we draw the curtain on this AMA, until next time everyone!
Please join:
https://twitter.com/Bstgroupworld
https://t.me/bstokens_official
The AMA with BST Group is now over!