On 17th of December, Blaze DeFi conducted an AMA on Crypto Revolution Community. Our guests were Anna (aka Code Blaze), from Team Blaze Network; and Amanda, Marketing Manager of Blaze Network. Impressive interest from our Community with a lot of questions on both Twitter and Telegram. Let’s take a look at most interesting points of the AMA.
INTRODUCTION AND TWITTER QUESTIONS
Danny | Crypto Revolution: Okay guys. Let's welcome Blaze Defi, Code Blaze and Amanda. Chat is muted. Welcome. Happy to have you with us today. A lot of people are online to get to know more about Blaze Defi.
Amanda: Hello, thank you so much for having us.
Code Blaze: Hello, I'm here...
Danny | Crypto Revolution: Could you please introduce yourselves and tell us how did you get involved into Crypto?
Amanda: I'm Amanda, Blaze Network Marketing Manager with over 8 Years of experience in the Crypto and BlockChain industry.
Danny | Crypto Revolution: Solid background.
Amanda: Smile thank you.
Code Blaze: I'm Anna from Blaze Network. I'm into Crypto since 2017. I'm learning crypto, blockchains and many other things. And now I'm into DeFi space! Team Blaze Network got me into this project. We come up with a good project concept since their main network goes DeFi! And now, I'm here to share and spread the word for better understanding about Blaze DeFi and it's ecosystem.
Danny | Crypto Revolution: Hi Anna. How was 2017 for you. Did you make profit from the 2017 Bull Run?
Code Blaze: I bought the ATH so, it encouraged me to learn more about crypto and then here I am.
Danny | Crypto Revolution: Could you please describe what is Blaze Defi in few simple sentences?
Code Blaze: Blaze DeFi is a Decentralized Finance Protocol of Blaze Network. It is derived from "Blaze" which means it will shine across the stars and under Ethereum network.
Danny | Crypto Revolution: Why you decided to run on Ethereum Blockchain?
Code Blaze: They are widely used in crypto space, they have great smart contracts and offer Deflationary assets, so we come up to a concept of "Blaze Network". Since Blaze DeFi is DeFi of Blaze Network, it means. Ethereum is best suited and very compatible to use in Decentralized Finance space.
Amanda: The Ethereum Network seems to be the most popular Chain in the Industry. And also it widely support the vision of our project. After closely examine all of the platform available, It was best suited for us to develop the project on the Ethereum BlockChain.
Danny | Crypto Revolution: Yeah, agree. There are a lot of Defi Projects out there at the moment. Why people have to choose Blaze Defi. What is unique in your concept?
Amanda: The standard and level of development, Couple with trust and Excellent service with the accumulation of wealth, this set Blaze Defi apart from the rest.
Code Blaze: Yes there are lots of DeFi projects. Blaze DeFi is a real deal since it is backed by it's main Network the "Blaze Network". We have working and actual product which is Blaze Wallet App. It is an erc20 compatible wallet app and has its own Dapps.
Danny | Crypto Revolution: And actually people can download it and experience it. Impressive.
Code Blaze: Well yes, Blaze Wallet App is already available on Google Play Store: https://play.google.com/store/apps/details?id=com.blazenetworkwallet.app.
Danny | Crypto Revolution: Download it chat. It's really great Wallet. Your Contract is audited?
Code Blaze: Not yet, the contract is verified, working and compatible. Auditing as per roadmap will be in Q1 2021, it will happen before we open our new staking tiers which is "staking V2". It was verified that there is no mint function - all false. So no contract abuse and no hack exploit. And by saying it is working and compatible, we have just created our own staking pool, so that's how it is.
Danny | Crypto Revolution: From where people can buy BNFI at the moment?
Amanda: Its Currently listed live on Uniswap and it Trading Massively,
Code Blaze: BNFI is available on Uniswap and Balancer exchange. You can buy it using ETH. You can buy it using BLZN. Check info here (BNFI): https://uniswap.info/token/0x68e0a48d3bff6633a31d1d100b70f93c3859218b.
Danny | Crypto Revolution: Any plans for CEXs listing near future?
Code Blaze: Yes, as per roadmap, it will happen in Q1 or Q2 once our beta gaming app will release. We will timing it at a very good entry point.
Amanda: Yes of cos, As development goes on, there's a lot of things to be unfold and there will be a lot of listing as times goes on.
Danny | Crypto Revolution: Thanks guys. Jumping straight to Twitter questions now.
Q1 from @ApaguJohan
Blaze DeFi has two tokens called BLZN and BNFI. Why you choose deflationary mechanism for both of them? BLZN has a %2 and BNFI has a %5 burn rate. Will this burning rate last for forever? On what points burn will stop?
Amanda: Well, in the case of BLZN it stopped 100,000.
Code Blaze: Blaze Network (BLZN) and Blaze DeFi (BNFI) have both deflationary assets.
- BLZN got 2% burn rate
- BNFI got 5% burn rate
We've launched BNFI just days ago! CMC and Coingecko listed. The burning stops when 10,000 BNFI left.
Why choose deflationary? It is to lower down supply making value of each token high. Also, it will make it's circulation much thinner.
Amanda: In this case there's increase in value for the Token asset of the project.
Danny | Crypto Revolution: Yeah. CMC and Coingecko listing actually happened really fast.
Code Blaze: Well yeah, we've met all requirements. The team works professional and timely.
Danny | Crypto Revolution: Could you please mention few words for the Tokenomics?
Amanda: It's new total supply is 80,750.6 BNFI from it's initial supply of 100,000. See the huge burn, imagine it lowers it down. Please give me a minute.
Team tokens locked.
Staking reserves locked.
Mint function - false.
Don't fall for FUD, Team Finance is a legit and trusted platform. View it here: https://team.finance/view-coin/0x68e0A48d3BfF6633a31d1D100b70F93C3859218B?name=Blaze%20DeFi&symbol=BNFI.
Danny | Crypto Revolution: Thank you for sharing.
Code Blaze: No hold of team tokens, 99% no rugpull. BNFI got around 45,000 circulation. The other tokens were locked.
- Team tokens locked
- Staking reserves locked
- There are burned tokens on burn address and cannot be recover forever.
So get yours today.
Amanda: Available token~50,000 $BNFI for which was allocateed Presale. 30% allocated for Marketing/Development. 10% for Emergency fund.
Code Blaze: Yes, on presale stage. Decrease of total supply, circulation and locked tokens is equal to its current supply.
Danny | Crypto Revolution: First time I see Emergency Fund? What is that?
Code Blaze: Like eth price dumps, we will pay goods and services for the development of the project. We did buyback also.
Amanda: This is more of reserved. Which was set aside in case there's a need for extra work done, this in others word won't affect the marketing Funds.
Danny | Crypto Revolution: Got it. Is the team public?
Amanda: We're an Annon Team.
Code Blaze: Team is anon for now. They will go public once:
- Marketplace is live.
- Borrow/Lending will live.
Danny | Crypto Revolution: Oh nice. Why you decided to stay anon?
Code Blaze: Here. So, we put everything, like proof of locked and works, accomplishments. We just need support and we will deliver.
Amanda: For now yes, But we plan to go public in the nearest future.
Q2 from @y1sus_afp
$BLZN was designed to be deflationary in nature. What are the decentralized strategies so that your token does not depreciate during market instabilities? How do you encourage your users to keep $BLZN in their wallets and not exchange it for stablecoins?
Code Blaze: $BLZN is the main asset of the project. It will be used in the entire ecosystem, token as betting, can be used in yield farming. BNFI as it's DeFi token will support BLZN also.
Once supply run down, we will make sure that there is demand in both so users will have or let's just stay, there is buy power left. Next, circulation will go thinner which makes staking is very profitable in every ways leaving more ETH in the pool.
Amanda: $BLZN Is a special Asset with special Unique Quality. There's a lot of advantage in keeping, Ranging from increase of value, with special used case in the ecosystem of the Blaze Platform, this will be used for Exchanging of Goods and services in our platform including betting, gaming community, as well as our Marketplace.
Code Blaze: And for Blaze Wallet App, it is very secure and safe. It is compatible with erc20 tokens like BLZN and BNFI. More features will be added, graphic design and integration of more coins. Of course, the wallet itself has its own Dapps, so it can be exchange anytime he wants. Upgrade of wallet will happen before Christmas.
Q3 from @R7Clover
Feature is the most vital thing in building project growth, a product will not develop without good feature and promotion, whatever it is good. so, how about BLAZE NETWORK? Can you provide a list of killer features that scare your competitors over your project?
Amanda: First, We're not competite with other project, but we're here to solve the industrial problem of Gaming difficulties, Trust community, Marketplace, we're here to solve the issues every gaming and casino industry is facing right now.
Code Blaze: Okay. Blaze Network provides Blaze Wallet App. A multi-purpose erc20 compatible wallet app with it's own DAPPS, it can connect to any other web3, or let's just say, like Uniswap and Balancer exchange. BLZN as betting token for gambling in online casino.
Staking v1 is live! It is where BLZN and BNFI holders will have a chance to join liquidity staking and earn multiple rewards. They really supports each other.
Danny | Crypto Revolution: Which one?
Code Blaze: It was on Playroyal, there are some info to update but we will soon.
Amanda: Also our wallet is an all in one encoded, This has an Exchange and direct trading to uniswap, Marketplace, where goods are being sold, Storage systems with lot of other things. Which will be unveiled as time goes on.
Code Blaze: New version will release before Christmas.
Danny | Crypto Revolution: Thanks for the great answers guys. Ready for Quiz Part?
Code Blaze: Yes...
Amanda: Yes.
QUIZ PART
Question: Where does BNFI is currently listed on?
Answer: Uniswap and Balancer.
Question: Will there be a marketplace for the Blaze Network?
Answer: Yes.
Question: Does blaze wallet has its own Dapps?
Answer: Yes.
Question: List 4 Tokens that will be accepted in the BLZA Network Ecosystem.
Answer: BLZN, BNFI, ETH, BTC.
TELEGRAM QUESTIONS
Telegram User:
How does staking v1 works? Can you enlighten us about it?
Code Blaze: Staking v1 is yield farming feature of Blaze DeFi. Where BNFI and BLZN holders will have a chance to join the Liquidity staking. Just to follow the steps. Take time to read. Staking is officially live!
Steps on Staking.
- Buy BNFI on Uniswap.
- Add liquidity on Uniswap.
- Click the link below, connect wallet and add liquidity.
- That's it, the more trades happen, the more earnings.
It's a yield farming, part of Multi staking feature! Fixed APY staking will start when we are listed on Coingecko.
Rewards are:
- wETH
- BLZN/ETH - both shares
- BLZN/BNFI - both shares
- BNFI/ETH - both shares
https://pools.balancer.exchange/#/pool/0x8f65f6091781a38c65de0dee79a9f15db314c981/
Ask assistance on admin if you need any help. Happy staking. Estimated APY 200% to 800%.
Telegram User:
Adoption and Transparent communication (in builds trust) is become big problem in the implementation of the project it self. So, what's BlazeNetwork's strategy to solved these 2 matter and really brings excelent experience to its users?
Amanda: This is already done in the Blaze Network ecosystem platform, all our promises has been delivered in a matter of short period of time, A lot of people used to say, Its in impossible. But we've chosen to be to make and solve the impossible to possibility. And this we've done greatly well.
Telegram User:
Blaze Wallet has a special and unique market, I wonder, how is it different from Uniswap and Metamask? What's with that?
Code Blaze: Blaze Wallet is an erc20 compatible wallet:
- You can store and send tokens.
- It has its own Dapps, you can connect it to Uniswap, Balancer and any web3 available.
Soon feature:
- Marketplace.
- P2P borrow and lending.
Telegram User:
I am very interested in your project, what is the advantage for us, if we buy $BLZN & $BNFI tokens within a certain period of time?
Code Blaze: BLZN and BNFI tokens were both deflationary.
- BLZN got 2% burn
- BNFI got 5% burn
The supply and it's circulation becomes thinner, making every token asset rise its value. Staking v1 which is yield farming is also live! Buy BNFI and stake today.
Telegram User:
How Do you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?
Amanda: This is currently up for discussion, but we're doing everything possible to reach every area and every part of the world. And our marketing management team are doing exceptionally well on this.
Telegram User:
DELETED QUESTION
Amanda: BNFI handles the financial aspect of BLZN. it is made to empower and uplift the BLZN token.
CONCLUSION
Danny | Crypto Revolution: Thanks for your time, guys. Final Words for Community please.
Code Blaze: Guys and Fans around the world, hear me. Let's support BNFI, we will rise and shine across the stars. Soon we will have moon mission too. It's in our hands, our success so let us support each other.
Amanda: We really want to say a very big thank you to everyone, Who participate in our AMA today, we appreciate you guys and we love you.
Danny | Crypto Revolution: We love you as well. Opening the chat now.
For more information and future AMAs, join our Social Media channels:
Website: https://crypto-revolution.io
Telegram group: https://t.me/crypto_revolution1
Twitter: https://twitter.com/revolut20?s=09
Our Partner:
Website: https://www.blazenetwork.online/blazegoingdefi
Telegram group: https://t.me/BlazeDefi
Telegram Announcement Channel: https://t.me/BlazeNetworkAnn
Twitter: https://twitter.com/BlazeNetwork10
Medium: https://blazenetwork.medium.com/
