Dear, Community,

Welcome to the recap of our AMA with BSCex.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what BSCex is about, we are sure this recap is gonna help you. So without further ado,continue reading 😉

✔️Introduction with BSCex : 👉

BILLY:
Q1. Can you provide a brief introduction to the core team behind BSCex?

C.L BSCX:
BSCEX’ s team consists of individuals from different continents, nations, races and colors with the similar goal of building a sustainable and stable economic Ecosystem for everyone by the help of blockchain technology and decentralized finance.

It is well known and currently acknowledged that we are all living in an unsustainable and unstable centralized — economy. Unsustainable exploitations of natural resources alter our environmental conditions whilst social monetary values are controlled by people and institutions that don’t care about the well-being of others more than themselves.

Therefore, we wanted to create a sustainable decentralized economic ecosystem to give everyone a better chance to improve their income while having total control of their fund. This is how we came up with the idea of building BSCex, a decentralized non-custodial cryptocurrency exchange-centered ecosystem that runs on Binance Smart Chain (BSC).BSCex’s mission is to make Binance’s off-chain services available on the blockchain, develop the applications on BSC, and promote the features of decentralized finance that let our users earn tokens and gain many other economic benefits.

Our team members might be all different but under the same ideal, we all work for the world to be a better place.

BILLY:
Well said!

Q2. Can you talk a bit about what innovations has BSCex brought to the table? @C_L_BSCX

C.L BSCX:
BSCex is a complete economic ecosystem, that’s why each of our products have different functions but all support and supplement each other:

SwapX:the key product of the BSCex ecosystem. It is similar to Binance’s Liquid Swap but much more advanced. Binance’s LiquidSwap is a centralized service that supports swapping between stablecoins and fiats while SwapX supports more stablecoin and cryptocurrency pairs. Users can also use SwapX to provide liquidity to the system in exchange for Liquidity provider (LP) token

LaunchpoolX is the on-chain version of Binance exchange’s Launchpool. LaunchpoolX lets you use your tokens and the liquidity provider (LP) token to farm (earn) a new token, for free. This is the product to help users generate passive income.

LaunchpadX is the on-chain version of Binance exchange’s Launchpad. It is the platform for crypto startups to raise their fund through the process called IDO (Initial Dex Offering). The difference here is that only those who win the LuckyStar ticket of the LaunchPadX have the right to participate in the IDO. To win the ticket, participants have to lock their $BSCX in LaunchPadX’s smart contract for a specific period of time.

BILLY:
Wow, you have built a compete set of products laden with features that one should need !

C.L BSCX:
DexX is the BSCex ecosystem’s decentralized crypto exchange that is built on the Binance Smart Chain. This product shall be launched in the near future.

Yes, that’s the whole point.

We were able to deliver these products thanks to our unique technology that is called Cross Liquidity Layer 2. This technology utilizes the liquidity of the popular AMMs on BSC such as Pancakeswap, BakerySwap, BurgerSwap to provide even better liquidity and yield-farming services for crypto traders and yield farmers.

C.L BSCX:
The BSCex Aggregating Engine will find the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user orders.

Most AMMs suffer from low liquidity and the big price impact (slippage) for the vast majority of transactions. Users cannot execute the order with high volume without causing a big slippage. The BSCex Aggregating Engine will divide the order into many parts and execute each part in different AMMs to lower the risk of price slippage.

C.L BSCX: This is how our SwapX is capable of offering the best swap rate on the market BILLY: Before asking further questions I will let the community consume the above information. C.L BSCX: Our products are quite similar to Binance’s core products but better improved BILLY: Q3. What is that one significant milestone BSCex has achieved which you are proud to share ? @C_L_BSCX C.L BSCX: When we launched our first IDO of BSCX token to mark the begining of the BSCex ecosystem on 21 December 2
C.L BSCX: This is how our SwapX is capable of offering the best swap rate on the market BILLY: Before asking further questions I will let the community consume the above information. C.L BSCX: Our products are quite similar to Binance’s core products but better improved BILLY: Q3. What is that one significant milestone BSCex has achieved which you are proud to share ? @C_L_BSCX C.L BSCX: When we launched our first IDO of BSCX token to mark the begining of the BSCex ecosystem on 21 December 2

BILLY:
Holy moly 😳

That is definitely a significant milestone

Q4. What is BSCex gunning for further in 2021 ? @C_L_BSCX

BILLY:
Let me pin this

Anything left to achieve? 😅 I think everything is done and dusted . Lol

C.L BSCX:
I am moving onto this question now

We could not have made this far without our community. Therefore, in 2021 we plan to complete all our products and expand our community simultaneously. In the near future, we are launching and offering more services on our next products:

for LaunchPadX: Connecting with more legit startup projects to deploy more IDO on the platform

Launching DexX: decentralized crypto exchange which has full functions of a centralized exchange

From the simple interface products like SwapX for new investors and holders to trade their assets at ease; to the fully functional exchange DexX for professional traders to have more options in their trading; as well as products like LaunchpoolX and LaunchpadX for everyone to generate their passive income and find good opportunities to multiply their asset.

BSCex is designed to serve everyone but on a higher level, it is fully decentralized and everyone gets to control their own assets

Our vision has always been working for the community and grow with our community. This is why we want to focus on perfecting our products to create the core value to attract more users and investors.

Our community is mostly active and I believe this is the sustainable growth we’ve been looking for

BILLY:
Yes you are correct

That’s for the well detailed and exciting introduction to BSCex

🌍 Community ask question by Twitter 👨‍💻

BILLY:
Twitter question no 1.
From : @static_current

How to win the LuckyStar ticket ? And any important difference between LaunchpoolX and Launchpool ?

C.L BSCX:
You need to lock 100BSCX to get 1 Lucky Star ticket and each wallet address can lock the maximum number of 100BSCX to get 10 Lucky star tickets.

The lucky star ticket serves as a lottery and if you win this lottery, you earn your spot to buy the new IDO with your BSCX token.

The BSCX used to get Lucky star tickets is locked for 6 months and during this period, you can participate in IDO purchase without locking more BSCX

as mentioned earlier, BSCX IDO increased 540 times from 0.05usd/BSCX to 27usd/BSCX in less than 2 months. Just imagine how potential our next IDOs shall be

BILLY:
Twitter question no 2.
From : @meml97

Could you tell us a little bit about why is this project called BSCEX? I mean, it’s a fully decentralized project but even tho its name is BSCEX which only reminds me of centralized, why? Wouldn’t it be more suitable if it was BSDEX?

C.L BSCX:
This is quite a cool and funny question to us since this is the first time someone asked me this. When we started to do the first step to build BSCex ecosystem, the Idea was building a complete economic ecosystem and we had draft ideas on the products, the BSC network to build on, everything but a name.

After much discussion, our team tried to figure out the most important qualities and core values of the system by brainstorming all keywords and ideas

the 3 qualities we ended up was
B: Bond
S: Safe
C: Community
and
ex: extreme/exchange

so in a funny way, BSCex could be understood as: an “extremely safe and bonding community”

the “BSC” also resembles BSC network so we just ended up choosing the name

BILLY:
Twitter question no 3.
From : @Pradana37433809

$Bscex technology focuses on unique cross liquidity layer 2 technology. Can you elaborate more with us on this? How it works and what major role it plays in your ecosystem??

C.L BSCX:
I think I have answered this

but well, I’m answering anyway

The technology of BSCex focuses on the unique technology that is called Cross Liquidity Layer 2. This technology utilizes the liquidity of the popular AMMs on BSC such as Pancakeswap, BakerySwap, BurgerSwap to provide even better liquidity and yield-farming services for crypto traders and yield farmers.

The BSCex Aggregating Engine will find the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user orders. Most AMMs suffer from low liquidity and the big price impact (slippage) for the vast majority of transactions. Users cannot execute the order with high volume without causing a big slippage. The BSCex Aggregating Engine will divide the order into many parts and execute each part in different AMMs to lower the risk of price slippage.

In short, this technology enables our products to save up the most from price slippage to offer users the most value from their trades

as you can see, you can receive more from swapping with SwapX

This is the technology that makes BSCex a good system to most investors.

🌍 Community ask question by Website 👨‍💻

| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Website question no 1.
From : @chzrles

LaunchpadX offers the possibility for cryptocurrency startups to raise their funds through the process called IDO, but to participate in this process you have to win the LuckyStar ticket. What do you have to do to get this ticket?

C.L BSCX:
There’s some misunderstanding here. In order to purchase IDO of the startups on LaunchpadX, investors are the ones who have to lock BSCX to get Luckystar tickets.

The startup projects only have to contact us and fill a form to request listing on LaunchpadX. After analysing and evaluate the projects, we shall decide which project is qualified to be launched.

For the investors, you shall need to lock 100BSCX to get 1 Lucky Star ticket and each wallet address can lock the maximum number of 100BSCX to get 10 Lucky star tickets. The lucky star ticket serves as a lottery and if you win this lottery, you earn your spot to buy the new IDO with your BSCX token.

The BSCX used to get Lucky star tickets is locked for 6 months and during this period, you can participate in IDO purchase without locking more BSCX

| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Website question no 2.
From : Pepensando (@costurera3000)

Currently on their website it is mentioned that only Trust Wallet supports BSCX Token. Do you have plans to support more wallets in the near future?

C.L BSCX:
Lol, we have never said that BSCX token is only supported by Trust wallet

ezDeFi, Trust Wallet and Coin 98 are our strategic partners since the early stages of our project so we have always been supported by them

However, since we’ve been rising so fast, there’s been various websites and telegram communities tried to fake our project.

| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Not possible:)

Yeah..BSCex will fire to the crypto world 🔥

C.L BSCX:
As investors, you need to be extremely careful with where to pyt you money.

I feel bad when someone use our name to scam and steal from others. This is completely agaisnt our vision

On Coingecko, you can find all of our official social media and communities. Don’t be fooled guys
https://www.coingecko.com/en/coins/bscex

| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
It’s amazing BSCex😎

| DK | 🌿 | Never PM/DM First 🐞 Decentralized Club:
Website question no 3.
From : @meml97

Could you tell us a little bit about why is this project called BSCEX? I mean, it’s a fully decentralized project but even tho its name is BSCEX which only reminds me of centralized, why? Wouldn’t it be more suitable if it was BSDEX?

C.L BSCX:
I’ve already answered this question from the same person earlier, so I guess this is already the end?

✍️ Telegram live Questions answered by BSCex ✔

:
Is there a long-term hold, what benefits will investors get from BSCX tokens?

C.L BSCX:
As mentioned earlier, BSCX token is the governance token and equity of BSCex ecosystem. Therefore, the value of BSCX is determined by the vitality and development of the mother Ecosystem. After the Covid Pandemic, DeFi has been the new trend of the future economy as it is fast, cheap and giving users more control over their fund. As we are creating a sustainable ecosystem of Crypto enthusiasts and the BSCX token is used to activate multiple valuable services on BSCex, the BSCex ecosystem is constantly expanding and so is the price of BSCX. Once Decentralized platforms become the common, BSCex ecosystem shall have the same position as Binance exchange right now.

Until then, you still have time to consider holding BSCX or not

Just so you know, Binance and BNB are so big now

Karoceh:
You mentioned that the price of BSCX increased 54000% in two months, which i think is quite amazing. Can you please share us what do you think is the secret behind this excellent achievement?

C.L BSCX:
I personally think we were able to achieve such feats due to the great support and positivity of the community.

Our group is active 24/7 as members and new investors constantly interact with each other. They have given us great support both emotionally and financially. Now we are all enjoying the fruit of winning together.

Thank god we always had fate in our community

Antonietta Sawayn:
Where did you get the inspiration for this unique project idea? And what influence will we have on the crypto industry due to the project?

C.L BSCX:
Our influence greatly came form pain. It is hard to see people being ripped off and thrown to the streets and to see the economy slowly digesting our natural resources. All of this came from the fact that there’s too many people don’t have control over their own money and there’s too many selfish organizations working any method to earn profit. We thought that by creating a sustainable economic model, we could help more people benefit from decentralized economy.

Hena:
Community is a very powerful thing in the project development process, negative influences and copper polarity Is it important to you? are you friendly with the community, what is Defi?

C.L BSCX:
Our smart contract has been audited many rounds internally and externally. Some well-known partners in the field audited our smart contract are VeryChain, Halborn and Certik. Our team and our partners have made sure that the smart contract of BSCex meets every international requirements and standard to be a legit project. This is also an essential factor to create the sustainability we’ve been trying to create.

✔️Thanks to all of our Community Fans✔️

Have a Great Day

Edited by : 🌿DK✍️

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