AMA RECAP : CRYPTO CHALLENGERS x DANCING BANANA
Venue : @CryptoChallengersD
Date : 16th June 2021
Time : 12 PM UTC
Guest : Cody Carson
Just Do It ✓ | CRYPTO CHALLENGERS
Hello chat, welcome to special AMA session with DANCING BANANA.
Lets welcome @Codycarson from DANCING BANANA.
Cody Carson | DANCING BANANA
Hi All, is my pleasure to be here.
SEGMENT 1 — INTRODUCTION SEGMENT
Just Do It ✓ | CRYPTO CHALLENGERS
Q1. Could you please provide a quick self-introduction for the community?
Cody Carson | DANCING BANANA
Hi All, is my pleasure to be here
Just Do It ✓ | CRYPTO CHALLENGERS
Q2. Can you briefly introduce the project BANKSOCIAL . What are some of utilities of $BSOCIAL? How do you think you stand out amoung the competitors if there are any?
Cody Carson | DANCING BANANA
DancingBanana = DeFi + NFT
This platform is for who? For everyone (Artist, Gamer, Collector, Holder, Trader)
DancingBanana NFT, We call it DancingALL
DancingALL’s NFT is a truly global language; it can represent many things, not only use gif to express emotions but also can be used to share stories, music, parties, sports, or describe anything else.
The classification of concepts does not affect. DancingBanana belongs to the Polkadot ecological sector in terms of the technical framework and governance framework, and the personalized feature is the NFT concept sector. The relationship between the two is not a trade-off relationship but a better concept based on a better framework that links each other, an excellent relationship supporting each other.In our opinion, DancingBanana’s gif NFT is unique and immutable and will allow users to use a string of personalized, customized gifs as their social media accounts, chat with friends, create a website, and use GIFs as URLs Target a URL. In the future application scenario, people may use GIF to replace the digital wallet address. Sounds fun, but also a little crazy?
Just Do It ✓ | CRYPTO CHALLENGERS
Q3. Can you share the achievements the team has made so far? Wha are the major achievement target BANKSOCIAL is yet to achieve.If possible also share your roadmap?
Cody Carson | DANCING BANANA
Yes, DancingBanana is a young project. we still growing, but we fast 🚀
✅DancingSwap V.1 goes live (http://www.dancingbanana.org)
✅as we mention, this platform is for everyone,
DancingSwap is start the DancingSwap Invitation Mechanism, HODL and INVITE, earn your passive income. more than 6% commission you will get.
✅$DANCE is listed on CoinGecko
10,000,000 DANCE TOKEN GIVEAWAY is waiting for everyone, follow DancingBanana Twitter and join.
✅$DANCE is listed on LiveCoinWatch
Just Do It ✓ | CRYPTO CHALLENGERS
Q4. Could you share a bit about security and also benefits you provide to incentives users choosing your platform?
Cody Carson | DANCING BANANA
DancingBanana is different from other big public chains. In addition to the technical part, DancingBanana has many vital applications.
Such as DancingSwap+DancingNFT+DancingDao, which respectively represent Dance’s financial market, NFT market, and governance market. For DancingBanana application users and value miners, there is an attraction and desire to explore, and the copyright will be opened to the support of excellent developers.Each application has its independent economic model, but it will not deviate from the framework of the fundamental economic model. We can say that a feature in the Dancing Universe is that users have a higher degree of freedom. You can freely create and financial liberalization, free governance.
As mentioned above, community autonomy has always been our vision. DancingBanana does not belong to anyone. In other words, the developer team has no right to decide the direction of the platform. In the future, as a chain resource of DancingBanana, DANCE will capture the value of ecological level, and different ecological participants will have the opportunity to display their ambitions in DancingBanana and participate in ecological integration. With a variety of basic chains of Web3.0, the middleware is built into an NFT blockchain with full governance and delegation of authority.
SAFE & FAIR
In fact, the DAO carries out all kinds of proposals. After all kinds of governance and implementation, I think it should be similar to the existence of a “Dancing Council”, with original creative vitality and the ability to automatically increase the amount of information. At that time, the above important niche application will become a phenomenal popular application.
Just Do It ✓ | CRYPTO CHALLENGERS
Q5. What is the total supply of the token? Could you share a detailed tokenomics of mainnet token’s supply distribution?
Cody Carson | DANCING BANANA
$DANCE TOKENOMICS
🍌 TOKEN : $DANCE
🍌 TOTAL SUPPLY : 1,000,000,000,000
🍌 TOKENOMICS :
10% tax deduction for each transaction;
2% goes to the black hole address;
1% goes to the currency holding dividend;
2% goes to the liquidity mining pool, as a reward for providing liquidity.
5% goes to the ecological fund pool, and the holders vote to determine the purpose of the fund;
FEATURE (HOLD = MINING = PASSIVE INCOME)
✅ Hold = Mining
For each transaction (buy or sell), the contract will automatically allocate 1% of the handling fee to all token holders according to the token holder’s proportion of tokens, that is, “Hold = Mining.” This means if someone buys or sells Dance Coins, 1% of his purchases will be deducted and distributed to all coin holders. The purpose of this is to encourage investors to hold stable and not sell. It is estimated that the annual dividend can reach 50%.
SEGMENT 2 — LIVE Q & A
Q1. From @Astonroe
From where can I buy dancing banana token? Is it already Available on any exchange?
Cody Carson | DANCING BANANA
Well, how to buy DancingBanana (DANCE) token ?
You can open DancingSwap V1 by the following link through your mobile: https://www.dancingbanana.org
via pancakeswap V2https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x17E302588ca33C4c1C01500338D5dDc933109dFf?
In the next version, $DANCE will add liquidity provision and LP mining functions.Q2. From @Jemtran
Hello sir
What are your main features that distinguish you from other projects and what competitive advantages do you have?????
Since Your project is a well aged One with a lot of experience, can you tell us what is:
1️⃣-Your Best Advantage?
2️⃣-Your Strongest Motivation?
3️⃣-Your Biggest Challenge?
Cody Carson | DANCING BANANA
Yes, more influencer is joining DancingBanana.
Former MMA fighter is joined with DancingBanana.Q3. From @Linhlola
In the future there will be improved projects that are better than the present. So what will DancingBanana do to maintain and confirm its position?
Cody Carson | DANCING BANANA
DancingBanana has been developing according to the roadmap set by our developer team. Now we are deploying our swap. I believe it will meet you all soon. The plan of listing on exchange is in our road map and is in the process of preparation.
DancingBanana gives new form to art creation works with blockchain technology, which will simplify NFT process of art creation works, it helps art and art creators as simple as “One Click on The Chain”. Besides that, it also effectively protects the intellectual property rights of artworks. Ensure the right of NFT artworks on the chain. Tracing and trading, to set the pricing of traditional works of art from a multi-dimensional perspective. Make the price of art fairer and more transparent. DancingBanana also has a secure, transparent, low-cost and efficient secondary market, which allows users to easily trade and transfer NFT works.Q4. From @Potul001
“We’ve had serious issues with rug pulls from tokens lately and honestly, it’s nothing to laugh home about. My first question is, how secure are our funds with you? Are our investments safe?”
Cody Carson | DANCING BANANA
Well,
✅Destroy Deflation
Every transaction in $Dance has a 10% handling fee, of which 2% is automatically entered into the black hole address.
For each transaction (buy or sell), the contract will add 2% of the handling fee to the black hole address. No one has the right to move the assets of the black hole address. In other words, it is directly destroyed and permanently destroyed. In this way, the total amount of tokens will become less and less, and there will be less and less circulation in the market. With the deflation destroy of Dance, the $Dance is becoming more and more valuable.
✅Mobility Self-growth
$Dance has a 10% commission for each transaction, of which 2% is added to the liquidity growth pool.
As we know, new projects will generally face insufficient liquidity in the initial stage of the pool. If no investors actively add liquidity to the pool, it is infrequent for the increase in the currency’s price to drive the depth of the pool. Therefore, many projects without self-increasing liquidity will face a severe shortage of pool depth, which significantly hinders the project’s further development. Therefore, $Dance has designed a liquidity supply pool, and Each transaction will automatically add 2% to the liquidity pool.
✅ Ecological Governance Pool
Every transaction of $Dance has a 10% handling fee, of which 5% is added to the ecological governance pool.
The charm of the blockchain is decentralization. Only projects in which everyone participates in governance can continue. All currency holders determine the use of funds in the ecological governance pool. In the later stage, DancingBanana will design a governance product. Holders can initiate a proposal by staking a certain amount of $Dance. For example, if user A thinks of an idea that can use the funds to help DancingBanana develop, then user A can initiate a proposal by staking a certain amount of $Dance. If half of the community votes pass, it will automatically execute the idea through the smart contract.$DANCE just a token? NOT On the DancingBanana platform, all platform transactions and fees are settled through DANCE. DANCE will connect every application scenario and innovative decentralized financial model NFTDeFi on the platform, including to artwork, collectibles, games, social networks, etc.Q5. From @Mr_abbas2747
Will Your token be free for anyone to access or is it intended for specific users and finally, does the Token project have any restrictions in some countries of the world or is it accessible anywhere?
Cody Carson | DANCING BANANA
DancingBanana is no limit anyone, as I mentioned.
DancingBanana is a platform for everyone.
We create the value for everyone.
— AMA CONCLUDED —
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