@NeilApeStrong & @CrusherApe from BUSTaBNB dropped by to talk to @CryptoGirlfriend about their new project, as well as to discuss their plans for the future. To celebrate the BUSTaBNB AMA, five members from the community who take part in the question-and-answer segment at the end will be selected to win a share of prizes worth $200!
CryptoGirlfriend☆: Welcome everyone! I am going to be the AMA host today. A few housekeeping items before we get started. I will mute the chat during the AMA with BUSTaBNB. After my round of questions then I will open up the chat for everyone to submit their questions. We have a $200 prize pool today, so that will be $40 to the top 5x questions that are selected!
Neil ApeStrong: Hey there @CryptoGrlfriend, thanks very much for having us on BSC Times!
Crusher 💩💰✊: Hey there CGF, great to see you working with the BSC Times team!
CryptoGirlfriend☆: Great to meet you Neil Apestrong, and yes Crusher and I have known each other for a while now!
CryptoGirlfriend☆: Yes love working with this team for sure 🙂
So how about we start out with you guys giving us a brief rundown of the BUSTaBNB project?
Neil ApeStrong: Yes no problem! So BUSTaBNB is a fully immersive iGaming and DeFi platform built on Binance Smart Chain.
It is an enormous and ambitious ecosystem which will soon be populated by multiple games and tokens. Accompanied by it’s own DEX, staking pools, affiliate and partner programs, and a DAO, it is truly unique in it’s intricately weaved architecture.
It is capable of huge horizontal and vertical growth and expandability, while keeping all profit cycling within the ecosystem itself and managed by the community via the DAO.
Alongside all that is an ever-expanding universe of characters, backstory and lore to add to the fun and immersiveness of the ecosystem
CryptoGirlfriend☆: Wow, sounds like you have enough to keep you very busy there! Very impressive. As I understand it there has been a lot of anticipation for this project, so could we maybe dive a little deeper for the benefit of those seeing the project with fresh eyes?
Neil ApeStrong: Sure thing! The entire project is huge and complex but we can break it down to the 5x primary components of the BUST ecosystem..
- An iGaming platform, beginning with our first game “BUSTaCRASH” in July 2021 and expanding with more games as we grow
- The trading and staking module, which is our own custom built niche DEX / yieldfarm for trading / staking $BUST and our partner tokens
- Our affiliate program. We take a three-pronged approach to growing our user base through referral links where both the referrer and referee can benefit from a constant stream of passive income from the iGaming platform, trading on the DEX, and collecting farming rewards
- We have a partnership portal where partners can list their tokens on our platform to enjoy constant burn pressure provided by our automated revenue collection and distribution flows
- And the final piece (for now anyway..) is the Degenerator DAO. The DAO (Decentralized Autonomous Organisation) will allow our community to control the majority of the ecosystem through governance and voting. Very important, we think!
CryptoGirlfriend☆: Thanks for the breakdown! It looks like the BUSTaBNB ecosystem has something for everyone to get excited about. Speaking of exciting, please tell us Wen game?? @CrusherApe has been very secretive!
Crusher 💩💰✊: lol
Neil ApeStrong: Haha, yes CrusherApe has been sworn to secrecy! We are however extremely close to launching an Alpha version of the game..
CryptoGirlfriend☆: Oh wow, this would mean we are hopefully close to playing it?? Can you maybe give our viewers a rundown of the game, and when they can expect to get their first look?
Neil ApeStrong: Yes of course! So “BUSTaCRASH” is a progressive jackpot game, similar to the grandfather of crypto crash games – bustabit.com (which is still played right now, years after its release!)
With BUSTaCRASH, users can place bets with BNB (or partner tokens) and watch the multiplier curve increase exponentially then click the stop button to claim their winnings before the game crashes. The longer the round, the more they can win, though if the game crashes before they exit they lose their bet
Here’s one of our earlier examples:
Neil ApeStrong: Much better, thanks Crusher!
Crusher 💩💰✊: np!
Crusher 💩💰✊: Our stickers for BUSTaBNB
CryptoGirlfriend☆: They are awesome
Neil ApeStrong: The chance of winning and incentive to play is relatively high for our users compared to other casino style games, and the ever increasing bankroll will mean the potential winnings will grow higher and higher every day
CryptoGirlfriend☆: I’m just looking at the characters and banana rocket there – very cool lol!
The stickers are great too, especially the BananaAlien!
CryptoGirlfriend☆: Ok, so I’m going to ask again… Wen game???
Neil ApeStrong: Well, since we are nearly ready to launch the Alpha version of BUSTaCRASH (for internal testing), we decided to launch a competition late last week codenamed ALPHA SQUAD..
We wanted to offer 20x lucky winners $200 USD of $BUST each plus the chance to help us try and break the game in it’s Alpha state, prior to the Beta public launch, which will happen 2x weeks prior to a multi-IDO. Follow this link for details to enter (entries close 7th July UTC: https://tinyurl.com/BUSTaBNB-ALPHASQUAD
Crusher 💩💰✊: We also have a competition flyer with shiny convenient clickable links;
And there will be some genesis BUSTaBNB limited edition “Alpha Series” NFTs up for grabs too – sneak peek;
CryptoGirlfriend☆: Those are so cool!
That’s a pretty awesome prize pool, so there is going to be an IDO too? Please tell us more..
Neil ApeStrong: Yep, we’re pretty excited! We have two confirmed IDO partners, considering a possible third. We wanted to get a working version of the game (albeit still in Beta) in the hands of the public prior to IDO so they can have an opportunity to try before they buy $BUST. Pretty sure this is a first for IDOs, having a working product go-to-market before an IDO raise 😉
CryptoGirlfriend☆: Very cool, it’s a refreshing approach to IDOs for sure! So I believe we have 5x prizes of $50 BUSD worth of $BUST to give away for the 5x best questions from members of the BSC Times audience?
Neil ApeStrong: Yes mam we do!
CryptoGirlfriend☆: Great stuff! So before we get to questions, where can we keep up-to-date with the BUSTaBNB project news?
Crusher 💩💰✊: Here is a list of social links I prepared earlier haha;
🌏 Website: https://bustabnb.com/
📡 Twitter: https://twitter.com/BUSTaBNB
📢 Telegram: https://t.me/bustabnbofficial
📙 Gitbook: https://bustabnb.gitbook.io/bustabnb/
📚 Reddit: https://www.reddit.com/r/BUSTaBNB_Official/
👽 Medium: https://medium.com/@bustabnb
🤖 TG Announce: https://t.me/bustabnbofficialannouncements
🏆 TG Quiz: https://t.me/BUSTaBNB_Quiz
⏰ TikTok: https://tinyurl.com/BUSTaBNB-TikTok
CryptoGirlfriend☆: Thanks CrusherApe! So let’s answer some of the community’s questions… I’m going to unmute the channel now.
Community Question #1
Ugur Alkoç: Incredible ecosystem diagram you have:) I wonder how Automated House Edge Manager works.. Could you elaborate on this more?
Neil ApeStrong: Hi Ugur, thanks for your question!
So every time the house wins a game round – which is 2% of the time , the Automated House Edge Manager receives all the bets from that round. The total amount bet then gets split out to the various “buckets”, initially at 25% for each bucket.
This 25% split for each bucket is adjustable via voting/governance through the DAO. Currently the buckets include an automatic liquidity acquisition and lockup, token burn, and additional farming/affiliate rewards etc.
The beauty of it is that because it’s automated, you (the community) don’t need to trust that we will do what we say we’ll do with the House Edge. It all happens automatically according to the smart contracts behind the Automated House Edge Manager, which will all be verifiable and transparent by yourselves and auditors etc.
Community Question #2
Anderson Ico speaks community is scam: South east asia is the best market for crypto adoption and how will you expand and increase awareness of your project in global level ? Are there any plans for ambassador programmes in different countries?
Neil ApeStrong: Thanks Anderson!
So yes we do of course want to expand globally, the more users the better!
We have our own marketing plans and KOL lists that we’ll use to spread the word and attract as many people as possible both pre and post IDO. After that, we expect our affiliate program to do a lot of the work expanding our user base.
Without going too deep, our affiliate program will reward both the affiliate link provider, and the referee that joins via their link, with a passive income stream every time the referee either loses a game round to the house, makes a trade on our AMM, or collects any farming rewards.
With this advanced affiliate program in place, we expect to have an army of affiliates growing the platform for us/them/you as they have a real opportunity to earn a solid income.
Community Question #3
The Light Jerry: Normally like other gaming platforms we will need to create an account, so at BUST do we need to create an account or can we directly connect wallet connect to Dapp and play? Do you have any instructions or descriptions for new users when they come to your platform?
Neil ApeStrong: Thanks Jerry who is Light 🙂
We wanted to stay away from any registration process that involves creating and account and supplying an email address etc. We’re aiming for maximum decentralization so we’re sticking with a wallet connection only. You’ll be able to simply jump onto the website – on desktop or mobile – connect via your wallet – currently MetaMask or TrustWallet – and start playing the game 🙂
And yes we will definitely have an extensive user guide as although we’re going to make it as easy as possible for people to get involved, there will be some new features on BUSTaBNB that people haven’t used before.
Chances are, with the aforementioned affiliate program, we’ll also have some of them/you providing their own how-to guides and videos 🙂
Community Question #4
Marjerlin Buitrago: Are there rewards on BUSTaBNB for playing regularly? That is, are there stages of the game where we can gain more experience and of course more reward?
Neil ApeStrong: Hi Marjerlin and thanks for the question 🙂
This is a feature that’s currently in the planning phase. We absolutely want to have a levelling up / experience / progression system so I can almost guarantee that it will happen at some point, I just can’t say when as there are a lot of other cool features that we want to push out first.
It’s unlikely that with a progression system, more experience would give more $$ rewards as that has the potential to break the game and drain the bankroll. It is planned though to provide non monetary rewards in the way of NFTs and in-game features, which is something we want to build out especially for those who will stream the game to make things more unique and exciting for their audience 🙂
Community Question #5
Jean Pierre Hernandez🛸: They mention that the different products that the project will own will not only receive $BNB but will also accept tokens from partners who want to integrate the BUSTABNB ecosystem, but what requirements will they demand from these partners for their token to be accepted into the BUST ecosystem?
Neil ApeStrong: Thanks Jean Pierre, I was hoping someone would ask about the partner program!
So our core iGaming platform and expanded ecosystem is already incredibly well designed even if BNB was the only playable token, but we wanted to go even further by allowing partners to add their own tokens to the game(s) and potentially the AMM also.
Ok so actually halfway through writing this I’ve just realised I can copy and paste the best answer possible straight from our GitBook. Sorry that this one isn’t necessarily “live”, but I’ve taken up enough of BSC Times’ chat time and some people want to get on with their day/evening 🙂
So here’s the GitBook entry:
As we’ve touched on in the Partnership Portal section, the BUSTaBNB platform is designed to attract partners to add their tokens to our game(s) and ecosystem. The partner benefits with additional utility and automatic burning of their token, and the BUST ecosystem benefits from reaching more audiences and with certain fees taken in the form of the partner token.
The listing/revenue structure of partner tokens is as follows:
Initial Bankroll liquidity – The partner will choose a certain amount of their tokens to initially fund the Bankroll that will be available as winnings for the game(s) played with their token. The BUSTaBNB platform doesn’t derive any revenue directly from this deposit.
Farming rewards – The partner will also choose a certain amount of their tokens to stake in a farming contract with a specified emission rate to reward people who stake additional tokens in the partner’s
Bankroll pool. A small percentage (5% by default) of these farming rewards go directly to the DAO Treasury, essentially as a rental/subscription fee for listing their token on our platform.
Listing fee – This is a direct, one-time fee that a partner will pay to list their token on our platform. This fee goes directly to the DAO Treasury.
House Edge – As with the core House Edge Fee management for BNB used with the game(s), a small percentage of the House Edge is sent via the Automated House Edge Manager to the DAO Treasury.
Initially, any partner wanting to list their token with us will go through a manual negotiation and decision making process around how much to deposit for the Bankroll and farming rewards, what the listing fee will be, and the percentage of farming rewards and House Edge that goes to the DAO Treasury. The decision will revolve around the benefits to the BUST community, the partner, and their community.
CryptoGirlfriend☆: Well a big thank you to both @NeilApeStrong & @CrusherApe for joining us today. I’ve got to say this project is shaping up to be amazing, and I for one will definitely enter the Alpha Squad competition! It’s been a pleasure to host you both today on BSC Times, and wish your project all the best success 😁
Neil ApeStrong: Thanks to both yourself CryptoGirlfriend and the BSC Times team for having us today. And a big thank you to the BSC Times community, we can’t wait for you to join us over at BUSTaBNB! See you all at IDO 🙂
Crusher 💩💰✊: TY very much for having us CGF and BSC Times!