BSCTrust: A Decentralized Launchpad on Binance Smart Chain

clauming (7)in #binancesmartchain • 3 years ago

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

Moving on, today I am gonna present you a new decentralized launchpad on Binance Smart Chain, BSCTrust (https://bsctrust.finance/). In more detail, BSCTrust (https://bsctrust.finance/) is an IDO platform on Binance Smart Chain (BSC) in which the user gets early and priority access to low-cap quality gems + free NFT.

With the aim of trying to solve the problem of scams that exist today when it comes to investing in new projects within the world of cryptocurrencies, BSCTrust intends to give its users guaranteed access to invest in early capitalization gems with high potential. on the BSC network.

Therefore, BSCTrust is described as a frictionless performance protocol that allows users to accumulate rewards from each transaction that occurs in the ecosystem, that is, each of the users who hollow on their platform, will be rewarded for each transaction that is carried out at the same time. To make it possible, the platform charges a 3% commission for each purchase and distributes it to all users equally according to their% of tokens with respect to the entire network. On the other hand, 3% is also charged for each sale, but in that case, the value that is discounted goes directly to the liquidity fund to ensure the value of the token.

The BSCTrust token will be the $BSCTRUST, which will serve to provide price stability and be used as a combustion mechanism. The idea is to add value to the project ecosystem and to be able to create a sustainable environment for projects launched in it.

The token is based on the Binance Smart Chain (BSC) network, which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. What is special about Binance Smart Chain is its low fees and fast transaction speed, but what is even more special is its compatibility with EVM (Ethereum Virtual Machine). Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is.

Token: BSCTRUST
Type: BEP-20
Network: Binance Smart Chain
Max Supply: 2,000,000 BSCTRUST

Here I attached you the list of the upcoming events:

Date	Event
April 24, 2021	Presentation of our first Launchpad
May 7, 2021	Team Token Lock and Liquidity Platform for Binance Smart Chain
MAY 14, 2021	Introducing our second LaunchPad
MAY 29, 2021	Presentation of the third launch pad