Welcome to the recap of our AMA with Boardroom.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Boardroom is about, we are sure this recap is gonna help you. So without further ado,continue reading 😉
✔️Introduction with Boardroom : 👉
Q1. Can you provide a brief introduction to the core team behind Boardroom? @TheBiggestMan
Well, I prefer to be called Ali, and I was born in Turkey but my family been keep moving since I was a kid, so my nationality is bit complicated.
We are actually a small team composed of 15 members. We have great experience in video game industry, and I can tell you that we made some great achievement in video game.
Crypto is the area full of new technologies which grasps a lot of attention and makes us become very interested in it, causing us finally decide to build a project by ourselves.
We manage to hire several more masters from other crypto project to help us. We believe we will have the same achievement in crypto as well.
Would love to hear about them 🙂
I like the optimism
well, since most teams in crypto remain anonymous, we will do the same until there is no need to keep it that way anymore and everyone in the team is open with it.
By the way if anyone wants to inquire anything about video game development, please feel free to contact me any time.
Okay fair enough
Q2. Can you talk a bit about what innovations has Boardroom brought to the table? @TheBiggestMan
Innovation is the key momentum that pushing crypto world forward. No one dislikes innovation and refuse it.
Talking about the innovation of Boardroom,
the biggest innovation in Boardroom is Boardroom!
Some of you guys might be confused, allow me to elaborate it more.
Boardroom is a liquidity mining project, I’m sure all of you are not strangers to that, but what keep our project unique from others is that we have a special room, it looks exactly like other mining pools
Once someone enters the liquidity mining, the contract will conduct 5% of lp, the lp will convert to BDR add to the room I just mentioned.
And it is called “Boardroom”
You can stake BDR in Boardroom, convert it to a token named xBDR with 1:1 ratio. xBDR can be converted to more BDR.
That’s Boardroom currently all about at the beginning stage
We will add more features and consider the viability of generating more derivatives through it prudently in the future
Great . That explains it all
Q3. Which is the most significant recent milestone Boardroom has achieved which you are proud to share ? @TheBiggestMan
It was no doubt a challenge for us to initiate the founding of the project
There were difficulties, and I’m glad that we have all struggled through it.
But the challenges that didn’t defeat us only strengthen us, and I’m confident to announce that
The website of Boardroom is ready to launch now and liquidity mining shall starts in no more than one week from now on.
Welcome everyone to see our website. It might not be perfect, but we will continue to work on it, respond to users’ feedback and bring better experience.
Great. And I will share the website once it is up and running.
Sure, thank you!
You are very confident and optimistic. Such zeal is necessary for others to put a trust on your project. Way to go !
Q4. What is Boardroom gunning for further in 2021 ? @TheBiggestMan
First of all, after the launch, Boardroom will 2x the initial liquidity on the first week, because the liquidity is the lifeline of a project
We will also try to get in touch with more community at the same time.
Further details will be updated accompany with the development progress
and a rough roadmap showing the general function our team is working on will be released after the launch of project.
Launch is the team’s first primary now, responding to feedback and community governance will be our next focus.
Guys please join the following community of this project and stay updated :
Welcome everyone join Boardroom community and please read the pin message to know more about Boardroom!
Thanks for the wonderful introduction
🌍 Community ask question by Twitter 👨💻
Twitter Question 1:
How do you think with Asia market? Does your team have any plan approach ASEAN which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
We think Asian is a market full of potential and vitality.
Most of the team members are from Turkey and used to serve at game companies, and we are here because everyone believes that cryptocurrency world, especially Defi, will finally achieve something great.
And we will also do marketing in eastern Asia and southern east Asia
Twitter Question 2:
Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
Community is the core of project and Boardroom will be complete decentralized in second stage.
Boardroom will take community governance as the first priority and we hope one day Boardroom could be self-sustain with the help of community
Other than that, we are still working on promotion and marketing through twitter and telegram. We will guide the project at the beginning, try to let the community operate in some manners gradually, and eventually bring Boardroom stepping to total decentralization.
Twitter Question 3:
Staking, farming, mining are currently in great demand by investors because they can provide many benefits and incentives, will $BDR involve them? then what Killer and Unique Features does BoardroomFi have that makes it stand out from its competitors?
Of course, BDR is a fair launch, liquidity mining project.
The main feature of BDR is the Boardroom mechanism as I mentioned before.
To be short, everyone participated the mining share a part of their liquidity at the boardroom and hold xBDR as proof to take part in community governance
which serves as the basis of future Boardroom Insurance.
There are all sorts of possibility could be proliferated from the xBDR, and we would like to work with the community to build our Boardroom.
That’s all for our twitter followers’ questions
Thanks. Now kindly set your attention on our website winners 😁
🌍 Community ask question by Website 👨💻
Website question no 1.
From : Gutierrez (@Gutike95)
His motto is “Born and raised in the boardroom” but, really with Boardroom can you both create (Birth) and develop (Raise) projects? or what do they really mean?
Since Boardroom is a liquidity mining project, so you can say that the BDR token are born in Boardroom, and the boardroom allow you to convert xBDR to more BDR, which brings our users arbitrage opportunities
xBDR is also the proof of being part of the Boardroom community
Our community born from the Boardroom, and bred at Boardroom. Therefore we say “Born and bred at Boardroom.”
Website question no 2.
From : Augusto (@AugusS7)
Could you explain a little more about the repurchase agreement that has the boardroom? Is that an additional smart contract that they implemented or is that function incorporated into the original project contract?
Our boardroom mechanism is not entirely the same as the repurchase agreement you mentioned
We make a novel rearrangement based on the original design of boardroom which involves the repurchase agreement.
Instead of charging an additional fee on each trade, a fee around 5% of staking amount will be transferred to the boardroom and rewards xBDR holders in the form of higher converting ratio.
Anyone can convert xBDR to BDR at that well paid ratio and convert BDR to xBDR at 1:1 any time. The more xBDR you hold, the more BDR you get as reward.
Fewer charges on trade means fewer obstacles on the freedom of market, while 5% stake shared in Boardroom could incentivize people to hold and lock BDR at Boardroom, maintaining a healthy price.
The exact codes supporting such mechanism to function will be available to check on github after upload is finished.
BDR is an open source project so that everyone is welcome to check and work on it. We might consider combining some properties of the repurchase agreement with the current boardroom mechanism now.
We welcome our community to bring more suggestions to make improvement on Boardroom and contribute to develop with us.
Website question no 3.
From : @meml97
What can you tell us about your roadmap and the goals you have set for Boardroom on the short, mid and long term? Now that you are out there in the crypto world, what should we expect from you?
Since our project is still under devising and nearing the end of the first stage, the primary goal of now is to launch our website and project, and make adjustment in replying to potential uncovered demand.
Taking feedback and then improving the project is a rather important part of project growth, and we will add more functions and bring better services to our users continuously at the same time.
As the project becoming more and more stable, we shall push the project to the next stage, and that is the governance of community.
For us, decentralization isn’t an empty term and the total support from community is necessary for Boardroom to be successful.
Considering the speculating nature of cryptocurrency, we are coming up the solutions to avoid mass speculators taking over the community and finally bringing the project down, such as giving more weight of votes to xBDR holders since holding xBDR represents long term expectation.
In the third stage we decide to set the direction toward Boardroom insurance, but we the team will not be the only voice on talking about the future of Boardroom at that time.
Community shall start to play a role through governance proposals and volunteer work, whereas the eminence and significance of the team will be diminished.
It might be too early to talk about the third stage, but we hope the Boardroom will finally become self-sustain with the community.
If anybody wants to know more about Boardroom view on blockchain and our future development, please check the Boardroom paper.
Those will be all my answers for website questions. They are very good questions
✍️ Telegram live Questions answered by Boardroom ✔
Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Yes, all the holders of BDR and xBDR will have the right to take part in community governance, but specific details about the weight is still under investigation. Once it is decided we will publish an announcement to address that. Community could governance through bringing up proposals and vote for it based on how many tokens one hold
in terms of security…What security measures of your platform ensure users assets dont become the target of hackers?What advantages you have partnering with Hacken?
We used to be professional game programmers in Turkey, and many of our games is well known. Now we are dedicating on cryptocurrency, the code from our hands is impeachable and everyone can check it on Github. There is also a 30-day liquidity lock and 24hour timelock to ensure the security of users’ fund.
♦Q.Most DeFi projects especially those ones offering yield farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project yield farming ?
The Boardroom system itself encourages holders to keep BDR for a long term rather than mine and sell. The productivity of BDR will be reduced to 50% each period to ensure the scarcity. We will add more functions in responding to community callings and develop Boardroom Insurance in later term to prevent too much circulation in the market.
How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
We have already set up telegram channel, twitter official account, medium publication and github. Any newly released development will be announced through those platforms. Currently telegram is our most active place for everyone to discuss about Boardroom. So don’t forget to follow our telegram otherwise you might not catch the new info as soon as possible!
Those will be all 4 questions I picked. Thanks for all of you participating!
And also thank @cryptoTALK01 for holding the great AMA😊
Thanks Decentralized Club!
This AMA is much better than I expected
I hope you guys know better about Boardroom now
▶️Read the whitepaper: https://medium.com/boardroomfi/boardroom-paper-898875d7b2ea
❤️if you guys have more promotion proposal, welcome to Boardroom group and inform me any time