AMA Recap: CRYPTO MINERS X BLOCVAULT
BlocVault is a crypto currency wallet in which Fiat direct to token and cross network multi chain swaps, Chatting with friends and tracking your investments are main features. BV Debit Card with international support by leading payment solutions will use for in-store or online purchases worldwide. BV have their focus on NFT in future from sports to art, music and pixel including marketplace.
We hosted an AMA session with BlocVault on 1st January at 4:00 PM UTC.
Mr. Ramsy was the host from Crypto Miners and Mr. Celtic was the guest. He shared delightful knowledge and unique features of BlocVault.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With BlocVault
Hello all how are we today
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Celtic
Hello there 👋
Hi mate how are you
Fine, What about you
Very good mate and happy to have the oppertunity to tell you all about our great project
Thanks for bringing Us BlocVault❤️
I'm pretty sure that our AMA participants are very much excited to learn more about BlocVault
So let's get started if you're ready!!
Yes sounds good lets Gooo
Dropping our first question from this segment...
Q1) Can you give a brief explanation about 'BlocVault ' .What popped up in your mind to create such a platform in this Space?
BlocVault was started by a small group of investors who joined hands from various socials and other projects in the crypto world. Our expertise in various fields has been merged together to create a highly motivated team focused on providing a block-chain ecosystem for the world to use. The idea came from the lack of easy to use products within this space and experiencing these difficulties first hand as users of the platforms currently available. I think if we asked 75% of new token owners what would be a good product or what would they like to see a lot of them may say an easier way for the world to purchase tokens. This will be one of many primary focused on plans from the BlocVault team.
Thanks Celtic For This Warm Start About BLOCVAULT 🤝
Now let's see our second question from this segment...
Q2) So what are your main features and advantages that discern you from other Projects?
Firstly the BlocVault app is far more than a wallet while it will have a multi token cross chain wallet as one of the modules it is designed to be so much more, The modules already confirmed for the app are as follows, Multi network cross chain bridge, NFT and digital asset storage, A cold storage Vault for taking assets offline, Tracking module to track your portfolio with buy and sell stop orders etc, A chat module for keeping in touch with friends and fellow investors while on the go and so much more as we build out the plan in place. I think we can all agree that in this space things move fast in the last ten days alone we have added another module to our stack which will take our NFTs to the metaverse, MetaBloc will be a world first fight arena where nfts come to life and fight in world leagues, they will be able to earn BVLT tokens by doing so. Mint, hunt mine and fight on MetaBloc.
Q3) How has the experience and background of your team been effective in the success of your project so far?
Our team is made up of business people, crypto investor and blockchain devs. The mix we feel is very important because we all offer something unique and different to this project. The development team over the app have been developing these type products since 2016 and our main head dev is a full stack senior blockchain developer with a lot of experience. We are a dedicated bunch and are looking forward to the road ahead with this project and have already achieved planned milestones for later this year from our roadmap by securing a listing with Coinsbit for our public launch next week. I feel that the mix within the team is unique and the diversity a major plus as business is and will be the order in which BlocVault is ran. There are also several other things happening with potential partners but I won’t delve into all of that here just yet because selling the news is a very popular trait in the BSC space. Team BlocVault are here to stay.
4) Now Share us about your Native token, What are the some of utlities of $BVLT Token in Your Ecosystem? And if possible share to us the Tokenomics
The BVLT token has a 12% buy & sell tax which will reward holders but on top of that our ecosystem is designed so that all of our products which I mentioned earlier will generate revenue and from that also a percentage will flow back to BVLT making it a very strong investment for holders with great rewards. Our Blackest program is designed so that holders can stake their holdings and earn even further rewards.
The burn process of our token is used to strengthen the token price. 1% BV -Vest
1% tax from all buy and sell transaction is used for our vesting pool.
3 % Development
This tax is to support and develop our products as we continue to offer our holders and investors innovative products and services into the future.
All buy-sell transactions get charged another 2% fee for marketing which helps Blocvault to grow our community.
3% HOLDR Rewards
3% on all buy-sell transactions allows the reward balance to accumulate and gets distributed to all HOLDRs.
2% Automatic Liquidity
As Blocvault grows, so does its liquidity and its hedge against price fluctuations. A 2% transaction fee on all buy-sell transactions helps the pool for Blocvault remain healthy.
Now let's deal our last question from this segment...
Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from BlocVault? If possible could you please share road map with us.
Our journey started early this year when a group of us came together through different projects we were apart of. In late October of this year we had finalised and put together our plan and roadmap for Blocvault to the end of 2021 and for the first six months of 2022. We began by engaging a block chain development team to scope out and create realistic dead lines and milestones for the build of the Blocvault App. Our roadmap has been centred around this. Development of the app started in November and is on going. Our NFT Market Place will be one of the first modules released in early February 2022, followed by the app itself in April 2022. We do not expect to have all modules available as this is a long term project. Our full 2022 road map will be published on our new website before the end of Jan 2022. Marketing, ppc campaigns, influencers and articles etc are and will continue as we grow and release our products. Our contract has been audited and passed , we have a large social network in place on Facebook, Twitter, Telegram, Reddit, Youtube and Discord which are constantly updated with new information about Blocvault development. Exchange listings are also planned for early 2022. The Blocvault Team are very active and fully committed to the task at hand. Our roadmap is already outdated and a fresh one is being finished at the moment but i will drop it here below.
Thanks Celtic for this well detailed introduction about BLOCVAULT:)
And that's the wrap up of our the first part of the AMA session ✅
Let’s now proceed to our Twitter Questions section
i hope you're ready for that!!
No going back now mate haha.
Segment 2️⃣: Twitter Questions
1)As I could see you're having a revolutionary app suite that helps to Buy, Sell, Swap, Trade, Chat and track our investments and use BV Debit card to shop in-store "worldwide" you said but actually will it be accepted everywhere or accepted at just some certain stores which support Blocvault?
Great question, The BV-Pay debit card will be a visa debit card so it will be accepted worldwide wherever visa is accepted. The app will have a built in exchange function to swap tokens to stable currencies and ad to your card account within the module.
2)Swap tokens across networks in seconds with BV multi-chain swap looks interesting, is it more like a bridging? Does that cost a heavy gas fee for executing such swaps?
The BV-Swap function is a bridge, Correct mate so it will carry a fee. This function currently with some companies can be expensive but for us its about the user and we are planning to make this as inexpensive as possible for the users.
Just told on our side, Guy if your joining our Tg please remember to complete the captcha.
3) What are the risk management policies that project uses to safeguard the investments and credits granted by its platform? How do you really ensure that there is a backup base to rely on in the face of any situation or sudden change in the commercial markets?
As a team and an actual business in this space we have not renounced our contract and have no intention in doing so, Real businesses need to be able to adapt to market fluctuations and make decisions that benefit the holders and the business in such times. By having control over our assets and the communities we have options one of which for say would be the ability to swap funds to BUSD in challenging times. We also have been fully audited by Solidproof to ensure our contract etc is SAFU.
4)Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnership??
As the team leader for BlocVault and CEO of BlocVault LTD. I can tell you that we have a number of partnerships and deals in our sights for the BlocVault App and online presence we will create in this space. Smart decisions and partner deals will be a key factor with a number of the modules we intend to release and top companies already in this space have been identified for this purpose. We have as i said listed Coinsbit for our public launch and have 2 further Exchanges in hand, Also presently we are working on a metaverse partnership deal and several others. I feel Strong partners make for lasting ventures in this space and we are all very early so the train of thought within the team is 200% partner deals.
5)Could you please share more details about this BlocVest rewarding program let us know what are the rewards we could earn from this program? And is there any additional fee to enroll in this program?
Here's our last question from twitter
The BlocVest program is an in-house rewards scheme much like staking where holders can lock their tokens for set periods of time 3-6-9-12 month locks. I will drop a screenshot here now for that also.
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment
Now Moving on to our last segment - Live Q&A
Shall We Go?
Yes mate lets GO.
Here we 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)KD Patk 95:
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
We have a 1% burn festure built into the tokenimics of the BVLT token
2) N̆̈𝒈𝒖𝒚𝒆𝒏 𝑯𝒂𝒚 𝑩𝒂𝒄𝒉:
Do you have "AUDIT" certificates Or Are you also working to AUDIT your project,, to make it more secure, trustworthy and reliable?
We have been audited by Solidproof and our certificate is pinned in main chat
Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?
Our big advantages will be the play to earn within metabloc and the world league that will bring players and nft holders of our products from all over the globe
4) DK 96:
HI SIR My important question
Are you afraid some day there will be another project with more innovative technology can replace your project ?
As the CEO of Blocvault it is my duty to lead the team and be out there on the cutting edge with what is released and will be released over time. Adapting and changeing is a healthy strategy for any business and competition in any space keeps us on our toes.
5) 𝑺𝒂𝒅 𝑸𝒖𝒆𝒆𝒏😂:
Do the token holders have the right to participate in project management? What kind of decision can they vote on the project? Please tell, how can I benefit from your project?
Our community is by far our strenght and alreeady in our private group we have put out polls etc to get a feel for what our holders want. We 100% welcome all community ideas and comments good or bad.
*The session ends here*
Thankyou so much For your valuable answers and information about BLOCVAULT,
It Was Pleasure Hosting An Ama With You
Is there anything else you would like to share or you want us to know ?
Congratulations to the winners and a massive thank you to Crypto Miners for having us. Its been a pleasure to do this and i hope to see you all again on the Bloc real soo. Happy new year all.
Happy New year 🥂
Time To Conclude Our AMA Section
Best of luck for the future 🚀🚀
Community, if you would like to learn more about BLOCVAULT, here are some useful links for you: