🐋 TELEGRAM AMA: Im Community & BeeDAO🐝 🐋
⏰ AMA Timing : 04 April 2021 l 02:00 PM UTC l 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100$

Bà Tân | : Welcome everyone. Today Im Community will host AMA with BeeDAO

Bà Tân | : Today our guest is: @nicklahm from BeeDAO

Bà Tân | : Please introduce yourself a bit: @nicklahm

Nick Lahm : Thank you Moderator. It’s nice to meet you all friends of this amazing community.

Nick Lahm : I am NickLahm the CEO at BeeDAO.org .im from Germany, i have Tech Background and work on several company before in Germany, now I have been responsible for promoting BeeDAO’s community and products to occupy the forefront of the Defi world and move it forward. Team at BeeDAO has been working hard on the development of the project.

Bà Tân | : Thanks for the introduction 🥰

Bà Tân | : Today’s AMA will have 3 sessions

Bà Tân | : Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team BeeDAO

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1378328930592071680).

Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected

Bà Tân | : Rules to follow AMA : ⤵️

▫️ Join : Telegram group BeeDAO (https://t.me/Beedaoo)🐝 (https://t.me/Beedaoo) , BeeDAO NEWS (https://t.me/Beedao_news) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)

▫️Follow: Twitter BeeDAO Finance (https://twitter.com/BeedaoOfficial) and IM Community (https://twitter.com/IM_Communityitw)

Web & Community:

🌐https://beedao.org/

Bà Tân | : Welcome

Bà Tân | : Start session 1 AMA

Bà Tân | : Question1. Welcome to BeeDAO AMA. Today, we have our guest @NickLahm as CEO of BeeDAO willing to answer all your questions. So can one of you please just do a quick intro for those who might not know what BeeDAO is? And while you’re at it, maybe your individual roles?

Nick Lahm : Bee DAO is a Community based DeFi projects. BeeDAO’s mission is to build our platform to make DeFi accessible for everyone. We setup BeeDAO aggregates the best liquidity sources from the entire DeFi space onto a single dashboard or platform that allows anyone with any level of knowledge to take part in Swapping, Staking, LP Rewards, NFT Marketplace and Governance.

Follow and join our social media :

• WEBSITE : www.BeeDAO.org

• TELEGRAM NEWS : t.me/Beedao_News

• TELEGRAM COMMUNITY : t.me/Beedaoo

• TWITTER : twitter.com/BeedaoOfficial

Done

Bà Tân | : Question2. Marketing is an important factor for every project. What is your strategy to attract new users and investors to your platform and keep them long term?

Nick Lahm : Yes, we understand that marketing is important. We have a various team members who are actively involved in social media platform. We have a large community with total 60,000 members. We attract many people into our community by giving free education & training about blockchain technology and cryptocurrency investment. Sometimes, we give information about several airdrops so that they have the opportunity to get their first “free money” from airdrops to invest back in cryptocurrency. Helping our community to achieve financial freedom is our core mission. With the similar strategy, we will do again in BeeDAO project. We will grow our BeeDAO social network, and we are already investing in our branding since the first week. We want to make everyone love BeeDAO so that everyone knows the potential that BeeDAO project can bring is vital to achieving the goals set.

Done

Bà Tân | : Question3. What main goals does the team have for the future?

Nick Lahm : We are recently leveraging the power of token to create a strategic partnership to grow together to increase yield for everyone. We already release our Roadmap in this medium post :

https://beedao.medium.com/beedao-public-roadmap-released-305c297b230b

Done

Bà Tân | : Question4. Can you give the main reason that you choose BSC (Binance Smart Chain) instead of Ethereum blockchain ?

Nick Lahm : The advantage of being on BSC, you will significantly be pushing this to users so they know they won’t be paying high ETH fees anymore, this would be important for everyone to pick BeeDAO over other DeFi projects.

The key point is the low fees and the fast speed. compared with Ethereum, BSC makes the smart contract function more friendly to developers and BSC can be compatible with the Ethereum ecosystem completely. Secondly, BSC reduces the migration cost of mature Dapps on Ethereum. BSC supports EVM, which means that the code of public projects on Ethereum can be quickly deployed on BSC. At the same time, BSC natively supports cross-chain interoperability, users can easily complete transfers and information exchange. Assets in both blockchains can be traded on Binance DEX.

We believe that BSC will be able to overtake the Ethereum main network in the volume of transactions in the near future.

Done

Bà Tân | : Question5. Will BeeDAO release an NFT in the near or long term?

Nick Lahm : We are still monitoring how NFT space will develop on the Binance Smart chain; It is easy for us to include NFT’s once a proper application is well implemented. It’s not a high priority, but it can definitely be done.

Done

Bà Tân | : Question6. Do you think BeeDAO can compete with PancakeSwap ?

Nick Lahm : We don’t intend to compete with PancakeSwap. We want to support and cooperate with PancakeSwap. BeeDAO aggregates the best liquidity sources from the entire DeFi space (including PancakeSwap) onto a single dashboard or platform that allows anyone with any level of knowledge to take part in the growing DeFi landscape. We want to offer legit solutions to crypto investors to earn more with their investment.

Done

Bà Tân | : Question7. As you know that many Dapps suffered serious hack in the last 3 months with total loss in hundred millions. How do you convince us that BeeDAO platform is secure from potential hack ?

Nick Lahm : When you invest in DeFi, you want to ensure the Smart Contracts are secure in every way. Quillhash, the leading blockchain security company, has an outstanding reputation. BeeDAO was excited to work with the Quillhash team to examine security issues and vulnerabilities in the source code of BeeDAO protocol. A comprehensive audit examination has been performed, and a penetration test on BeeDAO smart-contract.

Quillhash Audit Report https://beedao.medium.com/quillhash-audit-report-beedao-smart-contract-security-review-c0059d584c44

We will do multiple audits as well especially for our staking / farming contracts.

Done

Bà Tân | : Question8. Can we stake BDAO (BeeDao token) in the future ?

Nick Lahm : Staking is available very soon in the future. BeeDAO makes DeFi & NFT possible. On BeeDAO, you can stake token to earn BDAO, BUSD, BNB…. and NFT.

The more BDAO token you stake, the more token rewards you earn, the quicker you will earn an NFT (Non Fungible Token) in the form of digital artwork. You can also trade or bid in the NFT supermarket like Opensea. Some of our NFT’s have been valued and sold out more than $10,000 in Opensea.

We have reached cooperation with many DeFi project in Liquidity Farming, Staking (including staking BDAO to earn token and staking token to earn NFT) and Marketplace. Users can participate in the NFT pool and get project NFTs in rewards !

Done

Bà Tân | : Question9. When do you plan to conduct Presale Sale Token ?

Nick Lahm : It is with great excitement that we announce that the BeeDAO token presale will be opened very soon !

From our social media channel, we know that a lot of you have been waiting for this moment.

The presale period will be conducted in www.bounce.finance.

It will be starting from Monday, April 5 (2 PM UTC / 9 PM ICT) until Wednesday, April 7 (2 PM UTC / 9 PM ICT).

We accept only BNB for the presale.

1 BNB is equivalent to 560 BDAO

There is no minimum or maximum contribution.

As soon as BDAO Token is listed on PancakeSwap exchange, the unsold presale tokens will immediately be burned so as to decrease the token supply and increase the value of the token.

Done

Bà Tân | : Question10. How do people can participate in presale ?

Nick Lahm : We are happy to announce that BDAO presale is hosting an IDO through Bounce Certified on Binance Smart Chain network.

Bounce Certified is now supporting Binance Smart Chain (BSC) network. User can access the BSC networks through https://certified.bounce.finance/.

Step One: Connect to the right chain

To get started, you need to add Binance Smart Chain network into your wallet:

▪️ Metamask (recommended): https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain

▪️ Trust Wallet (for more information visit): https://www.binance.com/en/blog/421499824684901157/How-to-Set-Up-and-Use-Trust-Wallet-for-Binance-Smart-Chain

Step Two: Requirements

Wallet in BSC Network: You only need to have wallet on Metamask (Ethereum network) and Bounce will mirror your address from Ethereum Network to BSC Network. There is no need to pass KYC on BSC again (BDAO does not require KYC at all).

AUCTION holder: To make it easy for token holders, we mirror balance across two networks so that you are qualified to be AUCTION holder on BSC.

Participating in an ongoing sale

Note that the ongoing sale is different when you connect to different chains. Make sure that you are on the right chain!

1. Visit https://certified.bounce.finance/certified-sales

2. Connect wallet to BSC Chain

3. You will see the auction pool in the active sales section. Click Join auction

4. You will see the following page. Make sure to check all the terms and maximum allocation per wallet, then enter your bid amount and click Go.

5. Your will need to interact with your MetaMask and pay gas fee for token swap. At the time of writing, the gas fee is around $15.

6. You will receive a success message when you get into the auction.

7. Refresh your page and you will see a Claim Tokens button. There will be a timer on the button to guide you how much time is left until you can claim your tokens. The claim time is set by the project.

8. Click Claim Tokens when the countdown is finished, and your tokens will arrive into your wallet.

Done

Bà Tân | : End of session 1

Bà Tân | : We will move on to session 2

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1378328930592071680).

Bà Tân | : Question1. @Sam57217813 (https://twitter.com/Sam57217813)

When will be able to see you partnering with leading blockchain companies for building a suite of tools, accessing multi-chains under one roof and more? What benefits do investors benefit from investing in your project?

Nick Lahm : Ok lets go

At the moment we have submitted & also received various partnership proposals from several leading blockchain companies which we are not allowed to mention specifically the companies until the final agreement made. We want to ensure that we are working on the BeeDao projects for long term to give benefits to all of our loyal investors. The main purpose of our partnerships is to generate higher income yields for our users & investors which is exactly what the partnership is all about.

We’ve arranged meetings with some companies for potential partnership such as :

▪️ A leading decentralized DEX that combines spot trading with money markets lending and borrowing through smart contracts.

▪️ A decentralized Automated Market Maker (AMM) to provode liquidity mining on Binance Smart Chain, giving users quicker and cheaper transactions.

▪️ The collaboration with other AMM’s will enable both companies to grow and discover new solutions in the DeFi space as we continue to break down barriers in DeFi.

Through many partnerships, we will continue to work on growing BeeDAO presence on BSC Network to provide users with cheaper & quick transaction experiences, and will have more exciting BSC developments coming soon !

Done

Bà Tân | : Question2. @Syrus8920 (https://twitter.com/Syrus8920)

Does BeeDao will have the farming and staking reward?If does, what will be the minimum to join?

Nick Lahm : Yes BeeDao will have the farming and staking reward, no minimum of join. More information about staking and farming you can see in our website beedao.org

More detail about farming / staking we will release soon in medium post after pre sale complete.

Done

Bà Tân | : Question3. @NguynHi41066267 (https://mobile.twitter.com/NguynHi41066267)

BeeDAO’s Q2 / 2021 roadmap says “Continuous auto-compounding. Our bot automatically sells your rewards converts them into the LP tokens for the pool you are farming, and compounds them onto your farming principal so you can maximize your APY”. Let’s talk more about this.

Nick Lahm : Einstein has reportedly said that Compounding is the most powerful force in the universe. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

Compound interest represents the amount you earn from your initial investment in addition to the interest you earn — on top of the interest that has already accrued. Basically compound interest is on the interest you earn on your money.

For example :

When you stake $100, you earn interest $50 (in 3 months) on the initial investment ($100). Your initial investment will always be $100 in all time. We plan to develop an advanced protocol that can automatically accrue the interest gained on the initial investment which will definitely give a higher interest. In this case, you will earn more interest on $150 investment instead of $100.

This new concept is still at planning stage thus it can probably be implemented in Q3 2021.

Done

Bà Tân | : Question4. @Corrie_Dorf

For a DEXes, Liquidity issue is the major problem compared to centralized ones. How does BeeDAO platform with its Innovative technology can solve liquidity problem and create the liquidity for DEXes which is different from Centralized Exchange?

Nick Lahm : At the beginning BeeDAO will act as Liquidity Provider (LP) Aggregator.

Bee DAO is a Community-governed DeFi Platform through Liquidity and Protocol Aggregation, focusing on Swapping, Staking, LP Rewards, NFT Marketplace and Governance.

At the initial stage, BeeDAO aggregates the liquidity sources from PancakeSwap and other AMM protocols (as planned) from the entire DeFi space onto a single dashboard or platform.

PancakeSwap is now one of the largest trading volume among all Decentralized Exchanges (DEXs) including Uniswap, Sushiswap.

The trading volume of PancakeSwap has risen more than 300%, as Binance Smart Chain (BSC) grows in popularity. On Feb. 19, 2021 the emerging Decentralized Finance (DeFi) project PancakeSwap hit over $1,2 billion in daily volume, successfully beat Uniswap as the largest trading volume.

In Q3 2021, BeeDAO plan to setup it’s own AMM (Automated Market Maker) and Liquidity Pools which will give a lot of benefits for BeeDAO token holders…stay tuned to the next announcement !

Done

Bà Tân | : Question5. @Jonising_x

Can you explain why there is a Payout Risk in every pool in earning return to Pools in your project? What is Payout Risk all about? I know every investment is a risk but in your platform how you can help investors in managing risk?

Nick Lahm : Hello guys

Bà Tân | : Hi sir👋

Nick Lahm :As we know that any investments in Cryptocurrency especially any Defi protocol, in general not intended to be specific such as Uniswap, Sushiswap, PancakeSwap, etc is categorized as a high gain as well as high risk investment.

We think it’s really important to understand the risks, especially as smart contracts are still experimental

BeeDAO is grounded in established risk management techniques. There are some risks involved in any Defi protocol and how we manage the risk…

This is the risk of the smart contracts not behaving as intended by the developers. It is very hard to code error free so there is always some level of technical risk that exists.

BeeDAO work with the Quillhash team to examine security issues and vulnerabilities in the source code of BeeDAO protocol, A comprehensive audit examination has been performed, and a penetration test on BeeDAO smart-contract.

The Certificate of Compliance issued by QuillAudits :

https://beedao.medium.com/beedao-audit-report-e95259d3a807

The Quillhash (QuillAudits) Audit Reports on BeeDao protocol :

https://beedao.medium.com/quillhash-audit-report-beedao-smart-contract-security-review-c0059d584c44

Done

Bà Tân | : Thank you ☺️

Bà Tân | : End of session 2

Bà Tân | : We’ll move on to session 3

Sessions 3: The conversation will open to the community questions and the best questions will be selected.

🍀Jőhn L🍀 : I really like this segment

🍀Jőhn L🍀 : haha

Bà Tân | : Those who haven’t joined @Beedaoo group will not be eligible for AMA rewards, make sure you did.

🍀Jőhn L🍀 : So cute !

🍀Jőhn L🍀 : Let’s do it guys !!

🍀Jőhn L🍀 : Are you ready ? @nicklahm

Nick Lahm : Yes im ready

🍀Jőhn L🍀 : Go go

🍀Jőhn L🍀 : Oh no

🍀Jőhn L🍀 : I think @nicklahm need more time to read whole the question

Bà Tân | : @nicklahm Pick the 5 best questions and answer it for session 3.

Nick Lahm : Yes need time guys to many good question 😀

🍀Jőhn L🍀 : @nicklahm you still here ? 🤣🤣

Nick Lahm :Yes of course ☺️

Nick Lahm :I will answer 5 best question

Q1.Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project?

Nick Lahm : our team has experience in marketing, they have a large community on social media. so we are ready to compete with other crypto projects.

Several capital companies have also submitted proposals to us to provide investments, but we are still in the negotiation stage with these companies.

with our marketing strength and capital, we believe BeeDao can grow rapidly in the future.

Q2.Security & User Interface are the Essential Aspect that Users see on a platform. How has you platform worked on this? Is Platform suitable for Newbies in the crypto world?

Nick Lahm : Regarding security, we believe our platform is very safe because we carry out multiple audits of our smart contracts, audits are carried out by auditing companies that have a good reputation in the blockchain world.

Then regarding the user interface, we provide a user friendly platform and we plan to also provide tutorials on medium and YouTube so that newbies will immediately understand our platform, also we will hire well-known web designers at our place for us to become a team so that our platform will looks better.

Q3.What’s your plans for global expansion on building and developing or getting customers and users,also partnerships?

Nick Lahm : At the moment we have submitted & also received various partnership proposals from several leading blockchain companies which we are not allowed to mention specifically the companies until the final agreement made. We want to ensure that we are working on the BeeDao projects for long term to give benefits to all of our loyal investors. The main purpose of our partnerships is to generate higher income yields for our users & investors which is exactly what the partnership is all about.

We’ve arranged meetings with some companies for potential partnership such as :

✅A leading decentralized DEX that combines spot trading with money markets lending and borrowing through smart contracts.

✅A decentralized Automated Market Maker (AMM) to provode liquidity mining on Binance Smart Chain, giving users quicker and cheaper transactions.

✅The collaboration with other AMM’s will enable both companies to grow and discover new solutions in the DeFi space as we continue to break down barriers in DeFi.

Through many partnerships, we will continue to work on growing BeeDAO presence on BSC Network to provide users with cheaper & quick transaction experiences, and will have more exciting BSC developments coming soon !

Q4.What are your plans for this year 2021? Can you share it with us?

Nick Lahm : Staking is available very soon in the future. BeeDAO makes DeFi & NFT possible. On BeeDAO, you can stake token to earn BDAO, BUSD, BNB…. and NFT.

The more BDAO token you stake, the more token rewards you earn, the quicker you will earn an NFT (Non Fungible Token) in the form of digital artwork. You can also trade or bid in the NFT supermarket like Opensea. Some of our NFT’s have been valued and sold out more than $10,000 in Opensea.

We have reached cooperation with many DeFi project in Liquidity Farming, Staking (including staking BDAO to earn token and staking token to earn NFT) and Marketplace. Users can participate in the NFT pool and get project NFTs in rewards !

For 2021 Roadmap you can check in our medium post here :

https://beedao.medium.com/beedao-public-roadmap-released-305c297b230b

🍀Jőhn L🍀 : sounds good

Q5.Up to now, a lot of blockchain related projects have been launched, what is the unique and unique point of BeeDAO that sets it apart from other projects ?? Investor Decisions Investing in it?

Nick Lahm : We have one of our unique platform that is “compound staking interest”

Einstein has reportedly said that Compounding is the most powerful force in the universe. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

Compound interest represents the amount you earn from your initial investment in addition to the interest you earn — on top of the interest that has already accrued. Basically compound interest is on the interest you earn on your money.

For example :

When you stake $100, you earn interest $50 (in 3 months) on the initial investment ($100). Your initial investment will always be $100 in all time. We plan to develop an advanced protocol that can automatically accrue the interest gained on the initial investment which will definitely give a higher interest. In this case, you will earn more interest on $150 investment instead of $100.

This new concept is still at planning stage thus it can probably be implemented in Q3 2021.

This is only one of the uniqueness of BeeDao platform, if you want to see more unique things in BeeDao platform lets FOLLOW OUR JOURNEY ☺️🚀

Nick Lahm : Done , hope my answer is clear for you guys, if you have more question lets talk in our group :

https://t.me/Beedaoo

Bà Tân | : End of session 3

Bà Tân | : Thanks for the useful information from @nicklahm

Nick Lahm : Your welcome

Bà Tân | : For questions that have not been answered today, you can send them to @Beedaoo l for answers.

Allright, i declare the Im Community AMA with BeeDAO has ended

Thanks to @nicklahm | BeeDAO has joined us and provided us with BeeDAO information, we hope that this knowledge makes us understand more about https://beedao.org/

To the members, thank you for following this event to the end. winners will be announced soon.

Nick Lahm : Thanks you moderator🙏

🍀Jőhn L🍀 : perfect!!

Nick Lahm : Thank you im community

🍀Jőhn L🍀 : Thank for coming here today @nicklahm

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IM is a PR group — Marketing support for Airdrop, advertising, AMA, Services … in Vietnam Flag of Vietnam. — — — — — — — - TG: https://t.me/imcommunityitw

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