Sunday 1st august 2021, 12PM UTC
Hello everyone welcome back again to AMA series FCM. Today we will have an AMA with Tony Zhu as Founder and CEO of BunnyPark.
Before we start the AMA,
I’ll explain a little bit about how the AMA will works today
So there will be segment in this AMA
Segment 1: Project Introduction
Segment 2: Question from Twitter
Segment 3: Free Asking
Before we go to segment 1 Can you explain to us a little about your background before entering the cryptocurrency world and your journey untill join BunnyPark?
Tony : Hi everyone. I come from Canada. I have a HBA degree in Business Studies from the University of Ontario, Canada. Upon graduation, I migrated to the USA and participated in various collaborative entrepreneurial programs. In 2018, I entered the blockchain industry. Having rich entrepreneurial and managerial experiences, I am now in charge of Dapp Maker Studio’s developer team, product planning and project follow-up.
SESSION PROJECT INTRODUCTION
Q1. I read about this project, and honestly. This is very interesting… But, Can you briefly explain what The BunnyPark is to us?
Tony: BunnyPark, a new, secure DeFi+NFT SaaS (Software as a Service) application with opportunity and fun, is deployed on the Binance Smart Chain. BunnyPark is friendly and open to developers, which makes it possible to be compatible with mainstream and innovative DeFi+NFT products. It is not only DEX, oracle, liquidity proof, Park gamification, NFT and social networking. Through BunnyPark NFT SaaS standard, users can quickly build and combine any form of distributed NFT applications (Dapps).
BunnyPark is the only blockchain platform that uses NFT instead of token governance rights. Open standards will support traditional and Defi innovations, games, film and television, music, e-sports, streaming media, IP and analysis economy, etc. through “Build By Park” to form a unique NFT and distribute it to users，which will be the perfect expression of NFT application in blockchain.
Q2. Security is an important part of a cryptocurrency platform, so how strong is the level of security at BunnyPark that we can trust as users to ensure all transactions are safe?
Tony : We take security very very seriously on BunnyPark. To safeguard our project, we subject BunnyPark to be audited by two independent security audit authorities, namely Certik and SlowMist.
You may find our audit reports anytime with just a Google search.
Meanwhile, we will monitor interactive data on the chain in real-time at our background platform. If an abnormality occurs, we will modify the emergency parameters to reach the suspension agreement; There are key parameters in our contract. If necessary, some or all of the functions can be suspended to avoid serious infringements.
For example: if mining contracts and output are abnormal, we will set the block height to stop output at a specific time in the future. Some corresponding parameters also include the contract parameters of the NFT card, the contract parameters of the Farm fund pool, and others. In addition, 5% of BunnyPark’s Token distribution is used for developer incentives. We welcome developers to help us discover and fix security risks at any time.
Q3. What is the intrinsic value of BP tokens? What are the advantages of owning and using BP tokens?
Tony : Unlike conventional practices where users buy NFTs to hold for its intrinsic value or to sell it at a later date if the value goes up.
However, on BunnyPark, we go a step further where we allow users to mine with our NFTs. To get hold of these awesome NFTs, we use BP as a medium of transaction. If you explore BunnyPark’s Gallery and Market, you will see users buying and selling their NFTs with BP. It’s a lively place. Also, BP is a deflationary token because each block generates 100 BPs. The supply reduces 10% every 30 days for 21 times.
Upon the 21st supply reduction, the community will vote for resolution: whether to continue or to stop BP generation; whether to generate other governance tokens among other interest performance possibilities.
Not to mention, we have more than 19000 BNB for the repurchase destruction of BP, which will happen at random timing. We believe value is just going to go up if you own and hodl BP.
Q4. Nowadays there is a huge trend of NFTs in the market, so many people are interested in it, but some still have no idea about NFTs. Please tell us about your project in simple words so that people can understand it easily.
Tony : BunnyPark idea in the simplest manner. Firstly, of course, owning an activation card and a classic card of the respective series, you will be able to mine BP over a period of time. Next up, we’re also listing Share Card, which is the only representation of the right to participate in the governance of BunnyPark community, which represents basic rights and interests such as decision making, dividend sharing, and supervision. Today is the end of the auction for the King Card, the one and only KING, the greatest character in the entire Bunny Kingdom. The one who holds the BunnyPark KING will get the exclusive right of BP allocation which only belongs to him. Proudly, we would love to announce that BunnyPark KING has been sold at 3100 BNB.
Q5. What is BunnyPark’s biggest focus right now? and does BunnyPark have any plans for the future?
Tony : The biggest focus is launching the Game and Bounty Scheme, which every bunny is anticipating. It should be launched in early August.
In the long run, we will work with our partners to further develop more game scenarios along with our mission to “Build to the Moon”. Team battle, fleet building, land grab and land purchase are all in the plan where users may interact with each other using their NFT avatars in the game.
In the longer run, we will develop NFT SaaSization and product standardization to allow more variety of NFT gameplay, product rules and application value to be output in a series of standard smart contracts. Through this way, more NFT projects and artists would be able to quickly form NFTs and NFT platforms, promoting BunnyPark as the DeFi Lego in the NFT sector. Furthermore, various interesting sections such as NFT Mystery Blind Boxes, NFT Social Exchange, NFT Park can also be found on BunnyPark. NFT Park will be a high quality content incubation platform.
SESSION QUESTION FROM TWITTER
Q1. From @Albertjaison2 Currently NFT is developing and becoming a new innovation in the Blockchain world. However, many Artists / Creators still don’t understand how to create NFT. How does Bunnypark solve this problem? Do you have plans to educate about NFT to Artists outside of Non-Crypto?
Tony : Yes, of course. As mentioned earlier, we will develop NFT SaaSization and product standardization to allow more variety of NFT real life applications to be output in a series of standard smart contracts. Through this way, more NFT projects and artists would be able to quickly form NFTs and NFT platforms.
Q2. From @Jaki73364096 Does BunnyPark represent the game creation platform of the future? Why is it better to build games in the blockchain and not in the traditional way with centralized platforms?
Tony : On blockchain, all interactions and transactions are more transparent than centralized platforms. Also, it will speed up the transaction process because there is no barrier on blockchain. Rather than waiting days to wait for the transferring, buying and selling of assets due to being in different parts of the world, now you can speed up and verify the process in just 3 seconds with minimal fee on BSC.
Q3. From @ido_new One of the potential development directions of a cryptocurrency is NFT. How do you rate the NFT? Which features do you consider important and look forward to in the NFT?
Tony : Our main goal is to provide a better understanding of NFT and increase awareness among regular users and the general public.
We also designed many ways to play on-chain NFT, such as NFT mystery blind boxes with different IP themes and certain real-world rights through NFT, such as collecting mystery blind boxes to exchange for cars and other goods, or interact with IP idols by holding NFTs and so on. The most interesting is our NFT social section, which will allow users to use NFT images for social interaction. This is the REAL meaning of our name “Park”. All users with an NFT image can socialize in Park, giving NFT holder more interaction.
Q4. From @CruiseNiraj Tokens from all projects have main utility & practical goals! So can you tell us what the main role of $BP is in your ecosystem? Explain the utility & use cases in the real world?
Tony : As mentioned earlier, users on BunnyPark mining BP with our NFTs.
Apart from that, users may play on-chain NFT, such as NFT mystery blind boxes with different IP themes and certain real-world rights through NFT, such as collecting mystery blind boxes to exchange for cars and other goods, or interact with IP idols by holding NFTs and so on. The most interesting is our NFT social section, which will allow users to use NFT images for social interaction.
All the transactions will be processed with BP tokens.
Q5. From @truongtran0305 Nowadays, NFT is becoming more popular, many projects come out related to NFT. So how do you rate the potential that Vortex Defi ‘s NFT can bring? Do you have any plans to make NFT become a new market trend?
Tony : Yes. Currently, a large number of NFT projects focused on capitalization and various forms of investment income, with different forms of expression or interactive forms: pure art collections, mining or staking, which did not separate from the finance field. But our team believes that the emergence of NFT should be an opportunity for blockchain or DeFi technology to break the circle. Our team partners have participated in DeFi and NFT project investment and research at a very early stage. When we first came up with ideas of “social” and “NFT blind boxes in the real world”, and imagined that they could make friends and interact with the image of NFT, everyone was excited. We knew that this would be an unprecedented product.
We also create a traceable blind box based on NFT technology in the real world, and items in the blind box have many rights, including redeem crypto assets or collect a series of NFTs to exchange for the opportunity to interact with IP idols, as well as more novel forms of NFT expressions.
SESSION FREE ASKING
Q1.Catador de EGirls : What is BunnyPark strongest advantage that you think will make it leading the market?
Tony : To be honest, there are plenty good projects out there, but so far we believe BunnyPark NFT-SaaS and our strong IP collaboration can stand out. Right now, we will keep building and focus to strengthen our product development.
Q2. Lucy Chan : While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
Tony : Of course, BunnyPark team believe that community play the most important role in our project growth, we believe that only that strong community driven project will lead us to success.
Q3. SupergHn Dibby L : What is the competitive advantage your project has that you feel most confident about?
Tony : right now we believe our current competitive advantage that made us confident, is our community base that keep giving us feedback and improvement suggestion and our team work very closely with several big IP out there to collab with our NFT products, stay tune. Upcoming there will be more exciting news will be announce at our official channel.
Q4. Hucho Heo Yes : Hello sir
NT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NT to your project?
Tony : NFT really getting more attention nowsaday, we trully believe that NFT will come to mass adoption to the market, right now we launched our NFT products, which we are still pretty earlier now, and our team still exploring more possibilities that able done with NFTs.
Q5. Rose decosta : Now a days So many Rug Pulls and exit scam are happening now. How we can trust this project and believe you are not same like them?
Tony : As i mentioned earlier, our team take security seriously, right now we have 2 audits been done which is SlowMist and Certik. Indeed, there is alot of exploite happen lately, but we are confident that BP holders FUND SAFU.
Website : https://www.bunnypark.com/
Twitter : https://twitter.com/BunnyPark_BSC
Telegram Group : https://t.me/BPann01
Telegram Channel : https://t.me/bunnyparkbsc01
Medium : https://bunnyparkbsc.medium.com/
Instagram : https://www.instagram.com/bunnypark_bsc/
Youtube : https://www.youtube.com/channel/UCHcB