AMA Recap: CRYPTO MINERS X BENED
Bened is a blockchain platform for decentralized storage of recorded events. Events are loaded by burning BND coins in the proportion of 10BND per 1 kilobyte of event information. Bened is a decentralized cryptocurrency with an eco-friendly way of mining for each holder. Achieving the consensus of a decentralized network and the integrity of the blockchain is achieved through advanced developments of Soldo Constant LTD. Bened is an open source peer-to-peer proof-of-time stake cryptocurrency. The advanced Bened proof-of-timestake algorithm is an impeccable implementation of the “age of the coin” concept, resistant to all possible attacks on the blockchain in order to falsify transactions and generate new coins. The total number of available coins is distributed in the genesis account in the form of a negative balance of anti-coins. The Curve25519 hybrid cryptography system with SHA256 hashing algorithms is used. The average block generation speed is 60 seconds. Transactions are considered safe after 10 confirmations.
We hosted an AMA session with Bened on 28th September.
Mr. Ramsy was the host from Crypto Miners and Mr. Boris, CEO of Bened was the guest. He shared delightful knowledge and unique features of Bened.
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Segment 1️⃣: Introduction
Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to Our Another AMA session With Bened
To help us learn more about Bened, We are lucky to be joined By Mr. Boris
Boris:
Hello guys 👋
Ramsy | Crypto Miners:
Hey there
Welcome here
Thanks for bringing Us Bened ❤️
Boris:
U r welcome))
Ramsy | Crypto Miners:
First of all Can you make a self introduction to the community?
Boris:
Hello everyone, I am Boris Batalov, the founder of the Soldo Constant company and the inspirer of the Bened project. Bened is open source software, all source files and platform development is conducted in Github https://github.com/BENEDcrypto
Ramsy | Crypto Miners:
Nice to meet you Boris 🤝
I’m pretty sure that our Community is very much excited to learn more about Bened✌️
Boris:
We are currently live streaming and we invite everyone to join
Ramsy | Crypto Miners:
So Let’s Get started if you’re ready!!
Boris:
We are ready😊🎥Live broadcast and free vouchers of Bened cryptocurrency:
Ramsy | Crypto Miners:
Check It out guys
Let’s see our first question from this segment
1. Make a concise and brief introduction about BENED. How it is playing it’s role in DeFi Space?
Boris:
Bened is a project to revive the equivalent of a gold solid in the virtual space, which has become a prototype of modern reserve currencies used worldwide as a benchmark for the value of fiat money.
BENED is a decentralized cryptocurrency with an environmentally friendly mining method for each owner. The consensus of the decentralized network and the integrity of the blockchain are achieved thanks to the advanced developments of Soldo Constant.
Bened is an open source blockchain platform that allows any user to download and store important information. You can record any event in the blockchain, and your cryptographic signature will be a confirmation of the record. we have also implemented an environmentally friendly way of mining coins and burning coins efficiently. To upload files, the user burns coins in the proportion of 10 coins per 1 KB. A hash based is not an NFT, we are not competing with Defi, we are doing something else.You can see more in the preview at https://bened.cc/hash
Moreover, Bened is not only a cryptocurrency, it is also a philosophy, and not everyone likes it. A real cryptocurrency cannot have a declared value, so Bened is worth nothing.
You can find out more detailed information about our project by watching the video: https://bened.cc/news/tpost/5it6bz7h81-bened-coin-introduction
Ramsy | Crypto Miners:
That’s a fantastic start 👌
Thanks Boris
So What are the features of Bened that makes it superior and special as compared to its competitors?
Boris:
😉The main advantage of our project is its absolute openness and transparency for users, which is confirmed by the history of its transactions. Each wallet owner is an issuer, so the more people use it, the more reliable and durable the project.
A feature of BENED is the technology of inexpensive mining of new coins, based on patented hybrid algorithms for confirming the balance and storage time of coins, with an increase in mining difficulty in proportion to the increase in the total emission.
BENED is worth choosing because:
is an open source code;
- it is eco-friendly mining;
- it is decentralized;
- it is safe;
- it’s not for everyone
Ramsy | Crypto Miners:
3.Can You provide an overview About Bened Wallet? What Are The Core Functions of The Wallet?
Boris:
The main criterion for the success of any monetary system is the number of individual users or communities using cryptocurrency for its intended purpose — making payments or as a way of accumulating and preserving values. The Bened coin is used as fuel for uploading data to the blockchain. Soldo Constant LTD is developing a large update that will allow uploading images with analog signatures to the blockchain — this is a Blockchain solution — https://bened.cc/hash — the world’s first public blockchain repository, the use of which is required in many areas of the real economy. Already in 2024, we will release an application for free access, which can be used, for example, by notaries — for duplicating registers with signatures of participants; emergency commissioners — for photographing accidents with instant uploading of incident photos to the blockchain; lawyers — for signing contracts with the possibility of publicly requesting data from the Bened blockchain. We have already developed several prototypes that you can see on our sex website.bened.cc and auto.bened.cc Bened’s tokenomics is published in white paper and on our website https://bened.cc/tokenomics Soldo Constant LTD strictly complies with the terms of the memorandum and does not participate in the issue of new coins.
Ramsy | Crypto Miners:
4. Now tell us about the native token $BND, what are its usecases and utilities in Your ecosystem? Also provide us with the tokenomics
Boris:
The Bened coin is used as fuel to upload data to the blockchain. Soldo Constant LTD is developing a major update which will allow uploading images with analog signatures to the blockchain, this innovation is called Bened HASH. So we want to create various native applications that will be used by users to download and store various events in a distributed database. We have already developed several prototypes which you can see on our website sex.bened.cc and auto.bened.cc. Opened tokenomics is published in white paper and on our website https://bened.cc/tokenomics Soldo Constant LTD strictly complies with the terms of the memorandum and does not participate in the issue of new coins.
Ramsy | Crypto Miners:
Let’s move to our last question from this segment
5. What Bened achieved so far and what important updates and developments we’ll get in coming future in Bened?
Boris:
The development of the Bened project is carried out according to the roadmap: https://bened.cc/roadmap
To date, the following tasks have been completed:
1. The launch of the blockchain on 12/19/2021.
2. We have begun to responsibly implement the memorandum described in the tokenomics white paper.
3. Our own wallet for Android devices has already been developed and published https://play.google.com/store/apps/details?id=bened
4. On July 7, 2022, exchange trading of Banned cryptocurrency began on the exchange
XT.COM 5. The wallet will appear in the AppStore soon.
6. On August 15, 2022, a grand event took place. The company “SOLDO CONSTANT LTD” has completed the purchase and merger with the company “BEONPAY LTD”. The company “BEONPAY LTD” is a pioneer in the field of software development, data processing, as well as other activities in the field of information technology.Now we are distributing bit-based cryptocurrency vouchers and offer you to get free coins right now: https://t.me/Benedone_bot
Ramsy | Crypto Miners:
Thanks Boris for this well detailed introduction about Bened 🤩
That’s the wrap up of our the first part of the AMA session ✅
Boris:
I tried😊
Ramsy | Crypto Miners:
Let’s now proceed to our Twitter Questions section
i hope you’re ready for that!!
Boris:
👍🏿
Segment 2️⃣: Twitter Questions
Ramsy | Crypto Miners:
1.What is meant “Eco-friendly Mining” on BENED? Are patent protected tools perfect for promotion? It’s possible to create links by fixing on blockchain according to principles of multi-level marketing?
Here is the first one for you 😃
Boris:
Eco-friendly mining Bened is a perfect patent-protected tool for promotion and popularization that allows you to establish links with fixation in the blockchain according to the principles of multilevel marketing, it is based on time-tested technologies in businesses developing on the basis of network structures and other cryptocurrencies. The main advantage of eco-friendly mining Bene is reliable protection against interference in the mining mechanism and its absolute transparency, all users can track the number of coins mined in real time. Eco-friendly mining Bened works on any wallet and stops when a balance of one hundred thousand coins is reached. You can learn more about ecomining in our Whitepaper — https://whitepaper.bened.cc/BND-MEMO-EN.pdf. And yes, at the moment our patented promotion tools are perfect. Links cannot be created by fixing on the blockchain according to the principles of multilevel marketing.
Ramsy | Crypto Miners:
2.At the moment, where Bened are focusing right now ? building and developing product or getting customers and users, or partnerships ? Could you share it?
Boris:
Currently, we are focused on developing a unique product that has no analogues on the market yet: THE WORLD CHRONICLE OF EVENTS
This is a chronicle written by people who speak different languages, profess different religions, and live in different parts of the globe.
After all, the most important thing is memory, the past. The past is the beginning of the whole present. The future is impossible without the past.
With our application, you will have the opportunity to upload events important to your family to the data warehouse, be it photos, videos or documents.
And thus, in a hundred or two hundred years, your descendants will easily be able to know everything about you and see what you were, and therefore remember you always, in fact, giving you immortality.
After all, when a person is remembered, he is immortal.
In order to upload an event, you need coins.Coins are distributed absolutely free of charge. To do this, you need to follow the link https://t.me/Benedone_bot, get coins and upload them to your wallet. Next, you will be able to create your own bot and by spreading it to your friends and acquaintances, you will also receive coins.To mine new coins, it is enough to create your own passphrase and receive an incoming transaction from any existing account.
Ramsy | Crypto Miners:
3.Transaction speed is something that should be prioritized in a blockchain network, is there a specific target for how many TPS speeds the Benedcoin is aiming for?
Boris:
The Bened blockchain platform is not a payment system. For the Bened HASH functions to work correctly, you do not need a high speed of financial transactions. To keep a chronicle of events in the blockchain requires downloading large enough files and in order for many network nodes to work synchronously on different continents, the network speed meets the requirements of the blockchain platform.
Ramsy | Crypto Miners:
4.The crypto industry is a fast-paced industry, how flexible is Benedcoin? Is it able to change quickly and keep pace with technological trends? What is your long-term vision for the forecasting industry in which your project operates?
Boris:
We are a young project, but we are developing very quickly. The confidence of our project is an appeal to the experience of our ancestors. This is the legacy of Emperor Constantine the Great and the creation of a conceptually new digital currency.
Currently, we are making every effort to make our project interesting in various countries of the world. We are also open to absolutely any dialogue and partnership. Therefore, if you want to become an ambassador of the BENED project in your country, just fill out the form on the website https://bened.cc/ambassadors and we will definitely answer you.
We are also confident that our unique project — the WORLD CHRONICLE OF EVENTS will be in demand in many corners of the globe, which will give us the opportunity to stay in the crypto industry for a long time.
Ramsy | Crypto Miners:
5.BENED uses the Proof-of-TimeStake algorithm in their ecosystem, what are advantages of PoTS algorithm compared to other algorithms such as PoW, or PoS? How does Curve25519 hybrid cryptography system work with the SHA256 hashing algorithm used by BENED?
Boris:
PoTS algorithms allow you to ensure the safety of emissions. Since the issue of new coins is carried out simultaneously on all accounts with balances less than 100000BND, the Post consensus guarantees effective protection against possible double spending and unmotivated issue of new coins when trying to hack the network. Curve25519 cryptography allows you to create native applications with which encryption is always performed on the user’s side without transmitting passphrases. You can get more open information from the white paper memorandum on the website https://bened.cc/
Ramsy | Crypto Miners:
That’s the wind up of our twitter segment
Now Moving on to our last segment — Live Q&A
Shall we Boris?
Boris:
yes
Ramsy | Crypto Miners:
lets go
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
1) Rainy:
BENED has an outstanding feature which is the ECOMINING which can be done in two states: SOFTMINING and HARDMINING. Can you differentiate these two mining for us? What are the advantages of each state from one another? What exactly is a SOFTMINING and HARDMINING?
Boris:
Coin mining with the help of SoftMining is carried out directly in the Bened blockchain. To do this, you need to create an account and replenish it with 0.000001BND, the SoftMining function will turn on automatically. To mine coins with HardMining, you will need specialized software and hardware. You can purchase a license for HardMining at https://ecomining-solutions.com
2) Chukky:
On your twitter page I see a very unique profile picture, who is that on your profile picture?
What is the motivation behind that profile picture?
Boris:
The profile photo on Twitter is a photo of Constantine the Great. During the reign of Constantine the Great, the Roman Empire was in a deep economic crisis.
Constantine the Great solved the problem of the economic crisis by carrying out a set of measures to reform the monetary system of the Roman Empire and introducing a new hard currency.
The essence of the solid was its high quality and constant (unchanged) weight, which made it possible to exchange these coins for any other, as well as non-ferrous metals, primarily gold.
In today’s understanding, the solid acted as a kind of gold standard.
The name solidus comes from the Latin word solidus — “solid, strong, massive.” It was the “strength” of the solidus that was the result of the fact that the solidus was the main monetary unit of Rome, and later of Byzantium for 700 years!
Due to its high standard, which remained almost unchanged until the fall of Constantinople, solidus had a significant impact on the minting of gold coins in neighboring countries.
3) Nightmare:
I noticed that you have a FREE AIR DROP on your website, but other than joining your telegram, how can we participate there? And could you let us know when exactly your FREE AIRDROP is?
Boris:
You can get more details here:
https://bened.cc/bened-airdrop-guideline
4) Sarika ∆:
Q3 plans were to Launch its native WALLET for Android users. I would like to know the wallet features, it’s usecases, tokens that it would support? Is the Bened wallet on playstore?
Boris:
The wallet for Android is already launched and it is already in the PlayMarket. Since this is Bened’s native wallet, it only supports our coin, in the wallet you can see in real time how your soft mining works, also you will see the number of coins on affiliated wallets. Soon we will launch a wallet for iOS, subscribe to our accounts and stay tuned:
*This segment ends here*
Ramsy | Crypto Miners:
Thankyou So Much Boris For your valuable answers and information about Bened 💚
Is there anything else you would like to share or you want us to know?
Boris:
Don’t forget to subscribe our YouTube channel
Ramsy | Crypto Miners:
We Wish all the very best for Bened And The Entire team behind the project❤️🤝
Boris:
Thank everybody for your time, thanks for attending the AMA, we really appreciate it
Ramsy | Crypto Miners:
Time To Conclude Our AMA Section
Have a nice day mate 🤝
Community, If you would like to learn more about Bened, here are some useful links for you:
Website: http://bened.cc/
Twitter: https://twitter.com/benedcoin
Telegram: https://t.me/bened_community
Channel: https://t.me/benedcrypto
YouTube: https://www.youtube.com/channel/UC_e1JCyxpNU0_jVq2jagM2A
GitHub: https://github.com/BENEDcrypto
Wallet: https://play.google.com/store/apps/details?id=bened.wallet
