Thanks a lot for actively participating in the Bholdus AMA held on 13th Nov 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Bholdus
Q1. Can you please introduce yourself to our community?
My name is Lily, Bholdus's Global Director of Growth
Bring in Bholdus project my 10 years’ expertise in digital/growth marketing and developing global community, I do hope I can support to scale up Bholdus’s communities globally up to 10 million users within 3 years.
Worked for few unicorns in fintech and one of the top global medias, I did grow a community from scratch to nearly 5 million members within 6 months.
Bholdus is a blockchain dedicated to DeFi apps and platform for NFTs and Gamefi with unprecedented transaction throughput and security.
We aim to be the bridge between real-world, tech space and crypto space
I can say Bholdus is growing as the rocket’s 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 Seaches on MEXC, top 10 24H trading volume of Polkaproject, just to name a few!
In fact, we recently confirmed ViruSs, a Top Asia Streamer with 4M Followers to be our Gamefi Community Advisor - you can read about it on the renowned finance media Bloomberg
Those are just some of the first amazing milestones with many more to come
We are on the way to become the new Unicorn in South East Asia for Blockchain & Fintech
Today, I am very honor to walk you through all Bholdus’s achievement, vision and plan 😍😍
Please join our India family and be Bholdusian <3: https://t.me/bholdus_in
Q2. Can you briefly describe what is BHOLDUS?
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, etc. 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.
Q3. What are the core features of BHOLDUS? How are you different and unique from all other projects out there?
We actually have many core features, and each comes with its uniqueness that makes them stand out from other projects.
Within our ecosystems, we have: BHOLDUS Blockchain, Software Wallet, DEX multi-chain, BHO, Staking, DAO, Lending, Blackhole Pool
BHOLDUS Blockchain has the fastest and cheapest transaction fees
Transaction speed and fees are important factors to evaluate a Blockchain project
With BHOLDUS, transactions per second (TPS) can be up to 10,000, while network fees will maintain the cheapest.
BHOLDUS Software Wallet supports users to store their crypto assets on it, handily, securely and safely
With BHOLDUS Wallet, users will be as secured as when storing on decentralized exchanges
No more worrying about assets or personal information stolen by hackers
We promise this will be the most user friendly with a great UI/UX
Additionally, it can be interoperable with different DEX aggregators
In summary, BHOLDUS Wallet is a Multi-Network wallet that can store any coins that the user wants
Our DEX provides a multi-chain decentralized financial blockchain platform, connecting to a variety of digital assets and integrating with other Blockchain networks such as Binance Smart Chain's BEP-20, Ethereum's ERC-20, Tron's TRC-20, Polkadot, etc.
As a result, customers only need to trade on a single DEX platform and still be able to trade between different networks, instead of having to swap between different DEXs as before
The BHOLDUS token (BHO) is a digital asset and represents the capitalization of the BHOLDUS project.
Participants use BHO to pay transaction fees to the network and BHOLDUS Dex, or use it as a governance token of BHOLDUS
The total supply of BHO is 10 billion, which will be imported into the BHOLDUS Blockchain network at the time of mainnet launching and future upgrade
As a process of depositing savings through staking services, the user's BHO will be locked within a period, and the user will receive interest everyday. The average APY is 10% per year
Now moving on to DAO
DAO stands for Decentralized Autonomous Organization, which uses BHO tokens to vote for the governance rules of the Bholdus system
We also have the Lending feature that allows loans right on the BHOLDUS chain with a variety of digital assets, loans managed by smart contracts without intermediaries
Our Black Hole pool helps to revolve and ensure continuous liquidity
Businesses will have the opportunity to access DeFi resources using digitalized and audited real-world assets through the work of tokenization
They do this by encrypting their financial assets into NFTs and using these NFTs as collaterals in their Black Hole Pool
For example, with the current hot trend in NFTs gaming industry, BHOLDUS helps players to tokenize their games as NFTs, create liquidity and make it interoperable with any other digital assets
But NFT does not just stop at virtual assets
With the amazing uniqueness and traceability features, NFT can be utilized to represent real-world assets, including valuable financial data or outstanding startup ideas of SMEs to show their creditworthiness
This is the goal where BHOLDUS is heading towards with an aim to provide SMEs with access to global funding from investors on the BHOLDUS network.
Q4. Can you explain the name, BHOLDUS? What benefits can we get if we hold BHO and how to buy the token?
BHOLDUS stands for Black Hole Decentralized Exchange of US
I don't know if it's correct or not but back to the period when the Founder of BHOLDUS was thinking about the name, his Indian friend suggested him that in Hindi, Bhold means Brave, BHOLDUS means “our bravery”
We want to send a belief, and a mission to all those who accompany the project
We will create a financial Black Hole, attracting all the financial flows, and turn it into profits for investors. And we must be very brave, to accept all the difficulties and thorns that lie ahead
Just go, and you will arrive! 💪🤟
BHO holders have the rights including voting, proposing referenda, electing council members, etc.
In addition, BHO holders can earn profits by offering loans to other users in need
BHO holders participating in the network as Validators and Nominators can also be awarded for their contribution to our network governance
Now you can buy BHO Token whenever on PancakeSwap or MEXC Global
At this time of typing, we have reached TOP 1 TRENDING on Coinmarketcap, Top 3 Popular Searches MEXC with more than 77 thousand holders all around the world
You can join our India Community now and feel free to ask if any questions of purchasing: https://t.me/bholdus_in
Q5. I read that you said BHOLDUS Infrastructure is highly resistant to "cyber threats", thus ensuring that personal data and user assets are 100% secure. Can you give us a brief summary of this guarantee? How do you handle this security and privacy for users in the long run?
This is a great question. I can see a lot of similar questions like that on your Twitter link ❤️
The value of a token is in proportion to the numbers of the token holder
The more users of BHO wallet, the higher the value of BHO
We are planning to have numerous users of Bholdus Network
At the early stage of building Bholdus, we will focus on our main features such as transaction staking, etc.
On our mission in building Bholdus network, there will be many DEX participants, followed by the listing of BHO on various exchanges
By building sdk, organizing hub network, open for integration of other blockchain networks, we are planning to develop an ecosystem supported by potential services (reference to token.io) as an inclusive ecosystem, not just simply known as BHO exchange
Considering our startup time, we have set our goals to build a blockchain network since early years of startup
Our experience in working with partners (Vietnamese banks, international financial institutions) has added up to our understanding on blockchain over the years.
We realized that traditional banking services such as international payments, capital financing come up with many security loopholes, complicated transaction procedures and non-transparency issues.
We are confident that our teams gain knowledge and experience sufficient for operation of an independent blockchain network.
Part of this relies on investor's observation through information about our project on the mass media and publication.
It should be added further that all Bholdus projects originate from transparent profile, and its pre-renowned project - Hawking is still under operation
Bholdus is unique from other projects since our product is launched as our product is already available before any call for investment, besides from having a good precursor.
Unlike scam projects with unclear information with no practical application or product.
Furthermore, BHO's smart contract will be published for transparency prior to our early bird sale launched on BSC.
This contract has a clear function and lock-and-unlock mechanism, the initial strategic investors of Bholdus are not allowed to dump their own coins immediately but instead the amount of coins being held will be released quarterly.
One more useful information I can give you to make you 100% can put your trust in BHOLDUS is that our project has been audited by Certik with 95/100 security score
Q6. $BHO will be used to hold value, produce yield, and give access to a lending network that is available to anyone. How are all of these use cases condensed into a single token? How can I make the greatest use of my $BHO to generate passive revenue as a holder?
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:
1️⃣ Staking BHO tokens to earn attractive Yields
2️⃣ Borrowing or paying back loans via BHO tokens
3️⃣ Submitting & voting on different programs that help grow the BHO Ecosystem.
4️⃣ Participating in the Black Hole decentralized pools for lending, staking, borrowing, swapping
5️⃣ Referring new users to grow the community
6️⃣ Receiving grants by participating in the BHO governance structure
7️⃣ Access staking reward, higher interest rates, loyalty programs, amongst others
Q7. I have read the white paper, I find that everything is very clear. It was great. How can BHOLDUS be “interoperable” with other networks? What is BHOLDUS business model orientation?
Wow a 2-in-1 question ❤️ I will answer them both right now
An interoperable blockchain network, such as the Bholdus Multi-chain Network, is a place where users can seamlessly and automatically exchange various digital assets across different blockchain networks.
For example, through the Bholdus staking algorithm, investors will have the privilege and priority in capturing attractive yields and participate in the Bholdus ecosystem, which interconnects with other blockchain networks in the market such as Binance, Ethereum, Bitcoin, Polkadot, amongst others
It's simple like that
"What is BHOLDUS business model orientation?"
1️⃣ Connecting with blockchain-friendly financial institutions
2️⃣ Connecting with ecosystems of different blockchain networks such as Binance Smart Chain, Ethereum, Polkadot, Cardano, Solana, etc.
3️⃣ Supporting large corporations and SMEs, those being in need of digital assets and tokenization
4️⃣ Supporting DeFi lending and borrowing system
5️⃣ Creating decentralized Bholdus digital asset pools
Q8. You have announced a special staking reward of up to 50% APY for all BHO holders which will end by December. Can you tell us more about this staking reward and how users will join the pool? What is the minimum token to be staked and For how long will staked asset be locked?
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
You are welcome to join our Bholdus’ Staking Rewards Event:
👉 Please sign up/sign in your account in https://sale.bholdus.com/
👉 Please send BHO tokens to the staking wallet address on Bholdus website (https://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: https://bholdus.com/blog/article/bholdus-launches-staking-rewards-event-offering-up-to-50percent-interest
Q9. This is interesting, please can you tell us how you manage to bridge the relationship between real worlds asset and cryptospace to solve critical issues or problems faces both worlds?
Over time, society is developing, all kinds of information about papers and procedures are gradually put on the Internet
Bholdus wants to go one step ahead to grasp this trend
We're creating a network to support the problems of asset digitization, information digitization
Therefore, we allow these assets and information to be exchangeable and tradable with each other through the Blockchain network
Closing the gap between real-life assets and the crypto space will help people to have more opportunities
For example, instead of just being able to work offline, the online space will be expanded; then more and more people will have new jobs or investment opportunities
Especially with the support of Blockchain, people are no longer afraid of being scammed in cyberspace as before, which greatly helps in accessing opportunities on the Internet
Q10. What are the key milestones on your roadmap - both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?
Here comes #1
I am very honored to walk you guys through all of Bholdus's milestones & achievements 🌟
1️⃣ 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
2️⃣ For Strategic partnerships with Singapore Fintech Association, CANCHAM Vietnam, BroctagonTechQuartier, Global DCA, Kambria and Atom Solutions
3️⃣ Launched on Pancakeswap, Coingekco, MXEC Global and Coinmarketcap. Talented team around the world with over 100 team members
4️⃣ Backers and Advisors from many big Ventures and big MNC
5️⃣ $BHO successfully be in the top 10 Gainers Globally on CMC just after listing 24hr
6️⃣ Top 1 Global Trending on CMC
7️⃣ Audited by Certik with 95/100 security score
8️⃣ On Polkadot ecosystem
You can find more information in this:
Q11. Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
Here is a visual of our token allocation
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
2️⃣ 10% 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
3️⃣ 10% 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
4️⃣ 5% Community Treasury: Community initiatives (e.g., liquidity incentives, strategic program rewards, etc.)
5️⃣ 6% Team & Advisor Bonus: Talent acquisition, team and advisor bonus to ensure the project's long-term success at the highest level
6️⃣ 5.2% 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
Q12. How important is being audited by Certik?
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.
Q13. How does NFT work in the Bholdus network?
Bholdus uses NFTs to represent real-world, digital assets and evidence for creditworthiness, including but not limited to artworks, real estate, audited financial statements, invoices or audited mortgages, property rights, etc.
Bholdus can help issue different digital assets which are NFTs in the Bholdus chain
Each NFTs token will be a unique identity
As an asset originator, a user may lock an NFT representing a “Real World Asset” into a set of smart contracts as collateral
The NFT is minted based on audited documents created and shared via the BHO BHoldus blockchain network
Auditing providers will determine the structure of these financing offers through an on-chain “Pricing Oracles”
Upon repayment, the NFT is unlocked and transferred back into the Asset Originator’s wallet
NFT seems to be becoming the mainstream reaching out of crypto and tech-space, and not similarly limited to use by currency traders
Bholdus’s 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
Q14. Why Bholdus was built on Polkadot's substrate but didn't join Kusama Parachain/DOT first but created tokens on BSC first?
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.
That's my answer and I hope it clear your doubt! ❤️