ButterLemon x Bholdus AMA Reca
Guest : Lily
Host : Abhi
Abhi :
Q1. What is Bholdus? Please give us a brief introduction.
Lily :
Great question! ❤️
First of all let me briefly introduce myself too😉
Abhi :
Sure ❤️
Lily :
My name is Lily, Bholdus’s Global Director of Growth ❤️
I have over 10 years’ expertise in digital/growth marketing and developing global communities, I do hope I can support to scale up Bholdus’s communities globally up to 10 million users within 3 years.
I have worked for a few unicorns in fintech and for one of the top global media, I previously grew a community from scratch to nearly 5 million members within 6 months.
So first of all Bholdus Chain is a blockchain network dedicated to decentralized financial (DeFi) applications and non-fungible tokens (NFTs).
$BHO is the official native token representing the multi chain network of Bholdus Chain. Our ecosystem comprises SMEs, digitalized assets and other blockchain platforms such as: Polkadot, Binance, Ethereum… and other DeFi projects developed on other blockchain platforms.
Bholdus is a blockchain network providing decentralized financial services. It offers a place for talents, ordinary people, small-and-medium sized enterprises around the world to access the vast market by removing barriers created by language, culture, beliefs, economic strength and the political situation of each country.
I can say Bholdus is growing at a rocket speed. In just under 5 months, Bholdus has been a success story in Singapore and Vietnam, attracting over 77,000 holders, achieving Top 1 Trending on Crypto.com & CoinMarketCap, and being listed and in the Top 3 Popular Searches on MEXC, Top 10 24H trading volume of Polkaproject, just to name a few!❤️
Well,this is an overview 😄 you can read more on our website Bholdus.com (https://www.bholdus.com/)
Done!
Abhi :
Q2. Can you provide a glimpse of marketing strategies of Bholdus? What are you doing to popularise Bholdus?
Lily :
Great question! And I love it! Thanks lovely host!❤️
As a Global Director of Growth who is in charge Growth & Marketing, i think i can deliver an acceptable answer 😘
Bholdus is a global-oriented project, and our coverage is reaching many countries. That’s also the reason for the AMA today.
We are planning and aiming to penetrate many countries and many communities all over the world😍
For now, we are focusing on Vietnam, our native market, and other markets where there are great interests in crypto such as USA, China, Korea, India, Russia, Turkey, Philippines, Brazil, Nigeria, Indonesia,…
In order to build a good relationship with the community in this blockchain world, I think win-win must come first.💪💪
I have experience of building a community with 5 million users in 6 months so let’s see our next activities in many nations 🙂
Done!
Abhi :
answer was great 😉
Lily:
Amazing question and I enjoyed it❤️
Abhi :
Q3. Can you share the tokenomics of Bholdus token with our community 😊
Sure!
This is a tokenomics we announced around August, as the project has reached its development stage with available technical infrastructure.
Most importantly, 6 new and reallocated categories have been added in order to strengthen Bholdus’ sustainable global development, while ensuring long-term benefits for investors:
1️⃣ 2% Liquidity: To provide liquidity on exchanges.
2️⃣10% Strategic Business Partnerships: To support enterprises that are building businesses using the Bholdus technology and network. Examples can be a studio launching a new NFTs game on our platform or institutions looking to tokenize assets on our network.
3️⃣10% Strategic Tech Innovation: To support tech innovators that are developing core tooling and infrastructure on Bholdus and to secure future Polkadot/Kusama parachain slot leases.
4️⃣5% Community Treasury: Community initiatives (e.g., liquidity incentives, strategic program rewards, etc.).
5️⃣6% Team & Advisor Bonus: Talent acquisition, team and advisor bonus to ensure the project’s long-term success at the highest level.
6️⃣5.2% Legal & Compliance: To fund legal framework research, custodial services, license and other regulatory requirements, government relations and public affairs.
Total Supply remains at 10,000,000,000 (10B) BHO, with a 3-year release roadmap reaching till the end of September 2024!
📄Check our this article for more details at https://bholdus.com/blog/article/bholdus-tokenomics-update
Abhi :
so much Growth in Bholdus 🔥
Lily :
To the moon and beyond!
Abhi :
Q4. What success have you achieved so far in Bholdus? And were you able to meet the goals on time?
Lily :
I am very honored to walk you guys through all of Bholdus’s achievements, vision and plan.🌟
- For product development, We have developed mobile wallet integration and launched the testnet for Digital Assets. Just got Certik to audit and certify our smart-contracts.
2. For Strategic partnerships with Singapore Fintech Association, CANCHAM Vietnam, BroctagonTechQuartier, Global DCA, Kambria and Atom Solutions
3. We have Launched on Pancakeswap, Coingekco, MXC and Coinmarketcap. Talented team around the world with over 100 team members.
4. Backers and Advisors from many big Ventures and big MNC.
5. $BHO successfully joined the top 10 Gainers Globally on CMC just after listing 24hr.
And that is not enough!
6. We are also Top 1 Global Trending on CMC!!
7. Audited by Certik with 95 /100 security score 🔥🔥🔥
8. On Polkadot ecosystem
5 𝗸𝗲𝘆 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 were developed:
1️⃣ Allowing users to 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿 $BHO within the same chain
2️⃣ Allowing users to use 𝗝𝗦𝗢𝗡 file to 𝗿𝗲𝘀𝘁𝗼𝗿𝗲 their account
3️⃣ Setting 𝗠𝘂𝗹𝘁𝗶-𝗦𝗶𝗴𝗻𝗮𝘁𝘂𝗿𝗲 account*
(*an account composed of one or more addresses and a threshold. The threshold defines how many signatories (participating addresses) need to agree on submitting an extrinsic for the call to be successful)
4️⃣ 𝗣𝗿𝗼𝘅𝗶𝗲𝗱: Allowing users to 𝗸𝗲𝗲𝗽 𝗸𝗲𝘆𝘀 in 𝗰𝗼𝗹𝗱 𝘀𝘁𝗼𝗿𝗮𝗴𝗲 while proxies act on their behalf with restricted (or unrestricted) functionality.
5️⃣ Allowing users to 𝗿𝗲𝗰𝗼𝘃𝗲𝗿 their account if they forget their private key. This recovery setting must be conducted when the account is fully accessed.
I am done lovely host! @iamabhi69 ❤️
Abhi :
Great to hear that :)
Certik is one of the best audit, well done Bholdus
Lily :
Thanks!😍❤️
Abhi :
are you ready for last question but not least?
Lily :
of course!
Abhi :
Q5. These days, NFTs are ruling the crypto world and the gaming NFTs invite non crypto investors also to the project. Are you planning to introduce NFTs into Bholdus?
Lily :
Totally agree that NFT seems to be becoming the mainstream reaching out of crypto and tech-space, and not similarly limited to use by currency traders.
In Bholdus, our main business is to decenterlize the real asset and we also have years experience in fintech where we connect to regulators, this gives us more advantages to support the NFT business models in the long run.
Regarding technology to support NFT, Bholdus is acquiring all the most updated knowledge and lessons from existing players in the market, so we believe that we will create a very advanced blockchain platform. ❤️
That’s my answer! Done!
Abhi :
Great explanation :D
Thank You !
Lily :
Great questions!
Abhi :
So that’s from our side. Moving forward to the next segment.
Lily :
Let’s go!😘
Okay :)
Here comes the Twitter Session!
We will be taking 5 questions from Twitter.
Here is the first one.
Segment 2 : Twitter session
Q1. I saw that “ Our staking rewards is event is live “, can you please tell us what’s the staking reward and where can I stake $BHO and some more info if possible?
Tweet Link (https://twitter.com/ImAbhiz69/status/1459006133822099458?t=SaNKdXcVyec_Wxluep7--w&s=19)
Lily :
Wow great one! Love to share more about our staking event!❤️
First of all the Staking Rewards Event is a way for the Bholdus team to show our appreciation and gratitude for the outpouring of support from communities. 😘
This 3-month event is an opportunity for all investors to earn a passive income with a higher interest rate than typical staking programs, as Bholdus’ Staking Event offers an interest rate of up to 50% per annum.
Additionally, it is one of many exciting activities to welcome the future launch of several products and services, including the Bholdus Mainnet in December 2021.😍
So, I highly recommend you to take advantage of it and join our Bholdus’ Staking Rewards Event!
Here is some simple guide about how to join
👉 Please sign up/sign in your account in sale.bholdus.com
👉 Please send BHO tokens to the staking wallet address on Bholdus website (sale.bholdus.com).
👉 You will receive your deposit after 90 days and interest depending on the staking program of your choice.
👉 There is no maximum limit of BHO for staking, and one wallet address can be used for both programs.
👉 Please find the detail program at: here (https://bholdus.com/blog/article/bholdus-launches-staking-rewards-event-offering-up-to-50percent-interest)
If you have any issue in joining, feel free to join our community group to get support and latest update!
I am done!
Abhi :
Great :)
community loves staking xD
Lily :
Join us Butter Lemon Fam!
Abhi :
Q2. Does BHO’s NPoS consensus algorithm have any advantages over two popular consensus algorithms PoW and PoS?
Tweet Link (https://twitter.com/hoanganh1976/status/1459092428485382147)
Lily :
Thanks for the question!
Well, in addition to the advantage of POS that does not cost blockchain mining like POW, plus the nominator-validator mechanism, NPoS will contribute to increasing transparency, security and speed of on-chain validation.😎
That’s my answer!
Abhi :
Q3. The 1st question is what does testnet and mainnet in road map BHO mean?
Tweet Link (https://twitter.com/DucHoang0104/status/1459061374932246533)
Lily :
Testnet is a platform for testing, built with features like the real product so that users can experience it as well as the team can test it before launching the product on the mainnet.
Mainnet is the official version of the product.
At the moment, investors and developers who are interested may feel free to explore Bholdus Testnet via https://apps.bholdus.com/#/explorer
On another hand, Bholdus Mainnet is expected to launch in December 2021 — featuring Tokenization, Staking & Smart Contract. Regarding to the Smart Contract, Ink and Solidity will be used as authoring languages, in which Solidity is to be launched in Q3/2022.
Q4. Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Tweet Link (https://twitter.com/LoverKi28122873/status/1459370299594399747?t=iSeVQMy19alynp0sz8On2A&s=19)
Lily :
For this question, the orientation of Bholdus Chain is “no Mint — no Burn”. Where we do not have the plan and will never burn our tokens
To increase the value of BHO Token, the best way is for the team to focus on the product, giving investors and users the best product.
As long as the Bholdus chain works well, the user experience is great, there will be many projects that want to develop on the Bholdus ecosystem. And by that time, the BHO value will automatically increase in the most natural and sustainable way. 🚀🚀🚀🚀
Abhi :
Q5. The biggest challenge facing projects right now is related to the current market conditions. So, can you explain the reasons why users and investors should participate in the long-term development of the BHOLDUS ecosystem?
Tweet Link (https://twitter.com/BENSTOCK26/status/1459215759968641028?s=19)
Lily :
Well, again a very good question!
First of all, Bholdus token (BHO) incentivizes desired behaviors on the Bholdus interoperable blockchain network. Owning BHO tokens provides users a stake in the Bholdus network. Participants use BHO to pay for transaction fees, stake as validators, and participate in Bholdus on-chain governance.
In addition, the BHO token helps ensure chain security by rewarding BHO holders in the Parachain loan offering and by distributing a block reward to Validators and Nominators. As the ecosystem of Bholdus token owners grows, the BHO token will capture the increasing value provided to token owners via each of its utilities. The total supply of the BHO tokens will be minted at the launch of the main net and kept in the BHO reserve Pool for distribution amongst investors, contributors, and participants to the network.
Users can benefit from the BHO token by:
✅ Staking BHO tokens to earn attractive Yields
✅ Borrowing or paying back loans via BHO tokens
✅ Submitting & voting on different programs that help grow the BHO Ecosystem.
✅ Participating in the Black Hole decentralized pools for lending, staking, borrowing, * swapping.
✅ Referring new users to grow the community
✅ Receiving grants by participating in the BHO governance structure
✅ Access staking reward, higher interest rates, loyalty programs, amongst others.
Therefore, they are many ways for the users and investors to develop BHOLDUS ecosystem together!
That’s from me!
Segment 3 : Live session
Srijan :
How important is being audited by Certik?#Bholdus
Lily :
First of all, CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts.
To date, they have collectively worked with over 1.300 enterprise clients, helped secure over $90 billion worth of digital assets, and detected over 23,000 vulnerabilities in blockchain code. Their clients include leading projects such as Aave, Polygon, Binance Smart Chain, Terra, Yearn, and Chiliz.
Being audited by CertiK will ensure that Bholdus is free from vulnerabilities, guarded against the risk of attacks, and has no terms that are detrimental to users. ✅
Overall, Bholdus’s safety score is 95/100, a quite high score compared to the average of other blockchain projects audited by CertiK with 98% of users voting the project is secure.💎
The Story :
Overall, Bholdus’s safety score is 95/100, a quite high score compared to the average of other blockchain projects audited by CertiK with 98% of users voting the project is secure.💎
Lily :
The pre-issuance of BHO on BSC is for the purpose of raising funds first.
After finalizing Bholdus chain platform, users can completely use cross-chain BHO BEP20 on BSC with BHO BHC20 on Bholdus chain.
Bholdus chain is built on the Substrate Framework developed by Polkadot, helping the team save time and focus on building modules to solve the problem at hand.
In addition, substrate has an easy interaction mechanism with other networks developed on the same framework, so in the future Bholdus can easily interact with other chains, namely the parachain network of polkadot.
Muhammad :
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?
Lily :
I like this question! Let me share with you guys the story behind BHOLDUS!😍
It all started with realizing that the Crypto market is still new, it is still difficult for ordinary users to access Blockchain products.
And we can’t tolerate with that!
When implementing the Bholdus project, the desire of the entire team is to bring everyone a friendly and simple Blockchain product.
Additionally, Bholdus creates financial investment opportunities with the lowest possible risk.
With the vision, DEFI for the real world!❤️
Mina :
What is the difference between Crosschain and Multi chain?
First of all, Multi-chain means multiple platforms, easy transactions between platforms. In particular, in the crypto market, if a project is called multi-chain, it must be implemented on at least 2 platforms under the following platforms: Ethereum, Binance Smart Chain, Solana, Polkadot, Avalanche or other platforms.
Cross-chain is considered a solution that allows users to transfer digital assets from one platform to another.
I hope it make you clearer with Bholdus chain too!
Sammel :
Will BHO focus on developing wallets or exchanges in the future?
Lily :
The wallet helps users manage their assets on the blockchain network, especially the Bholdus chain.
Meanwhile, an exchange is a place to exchange digital assets easily and conveniently. Both products play a very important role in the development of both the community and the ecosystem of Bholdus. 👍👍
Therefore, the Bholdus team will focus on developing both products.
Alright! That will be my answer!
Abhi :
@lily_bholdus will you like to share all the social links in here for Bholdus?
Lily ;
I hope all of you will join us in our community
Join us: https://t.me/Bholdus_ENcommunity
Or if you are from Philippines you can join our Philippines group ❤️
https://t.me/Bholdus_ph
Thanks @iamabhi69 for hosting this amazing session!
Abhi :
It was very nice to having you in the session here, do you want to say something before going Lily? :)
Lily :
Well I truly appreciate everyone questions! And if you have any further questions about BHOLDUS, do not hesitate to share with us in the community group!
I sincerely hope to get your support to spread our story so that we can build the new Unicorn in this digitalised world together. Please join our family and become a Bholdusian ❤️
That’s all from me!
Abhi :
So here the AMA With Bholdus has been ended. :)
Best wishes to Bholdus team for future successes
Lily :
Thank you all for your time!
AMA has been ended.
