Question 1
Could you tell us about the background and experience of your DEVELOPMENT TEAM? How will they carry out your project during this current pandemic?
Answer
The development team has over 30 years of combined experience – competent & passionate individuals driven with purpose and execution of this project as some of them had positions in successful companies and some blockchain related projects in the past. There’s no doubt with what has been achieved so far even in this present market conditions they’re solidly behind the project success. I believe by “pandemic” you mean the current market downtrend. 😅 Like I said earlier, the team will focus on not just partnerships, promotions and marketing campaigns but also developing the utilities and massive user acquisition for the betting platforms.
Question 2
Can you tell us for your vision and mission of #Web3Best for the future?
Answer
Mission : To be an outstanding key player in the betting and gaming industry using innovative blockchain technology, while creating exceptional value with integrity for all our stakeholders. Vision: To be passionately consistent in delivering innovative solutions through a highly skilled and efficient workforce
Question 3
Web3bets is innovative built on blockchain powdered by smart contracts making user anonymous securing their privacy, and granting censorship governance. There is already available demand in the industry that’s when we created this solution to properly fill in for the demands We will also use blockchain education as a strategy to attract non-crypto natives, thereby growing our userbase and increasing the demand.
Answer
Web3bets is innovative built on blockchain powdered by smart contracts making user anonymous securing their privacy, and granting censorship governance. There is already available demand in the industry that’s when we created this solution to properly fill in for the demands We will also use blockchain education as a strategy to attract non-crypto natives, thereby growing our userbase and increasing the demand.
Question 4
Could you give us an overview of the tokenomics? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?
Answer
Token Name: Web3 Bets Coin Symbol: BXB Decimals: 18 Total Supply: 1,000,000,000 *Token Distribution and Vesting Schedules* Seed Sales: 50,000,000 (5%) – 0% at launch, 4 months cliff, 5% monthly release Public Sales: 300,000,000 (30%) – 20% at launch, 20% monthly release Community & Marketing Reserve: 100,000,000 (10%) – 4% at launch, 12 months cliff, 4% monthly release. After the 12 months cliff, token holders will vote on the use of this allocation, whether to burn or to use for something else. Products & Ecosystem Reserve: 100,000,000 (10%) – 4% at launch, 12 months cliff, 4% monthly release. After the 12 months cliff, token holders will vote on the use of this allocation, whether to burn or to use for something else. Team & Advisors: 150,000,000 (15%) – 0% at launch, 12 months cliff, 4% monthly release Liquidity: 300,000,000 (30%) – 200,000,000 will be used to provide locked liquidity on pancakeswap, while 100,000,000 will be used for liquidity and market making on CEXs. The liquidity on pancakeswap will be locked for 3 years The more the platform applications are used, the more demand and rise of the token. The token has scarcity path of burn. Token holders will vote for burn of community & marketing and products & ecosystem reserves as they are released after the 12 months cliff. The token holders will also vote whether to switch the airdrop use case of the token from “earning airdrop rewards from generated vig” to “using the generated vig to buy back and burn” Few things to take out from the tokenomics. 1. This is not a pump and dump project, it’s a long term project with potential 1000x in few years. 2. Seed sales allocation is of smaller fraction, to ensure that only few holders can participate in seed sales. The vesting ensures that the seed sale investors can’t dump the token on pubic sale investors. The team tokens and reserve tokens are locked for 12 months plus subsequent 25 months linear vesting. The team can not rug. The liquidity on pancakeswap will be locked for 3 years. The lock can even be extended after the 3 years
Question 5
Answer