AMA RECAP
CRYPTO MINERS X BEARMARKET COIN
Venue : @Crypto_miners_Community
Date : 25th July, 2021
Time : 1PM UTC
Guest : MR. NC ( BEAR )
Mr. NC shared with us a well detailed insight into the Project and Unique features of BEARMARKET COIN…
SEGMENT 1️⃣ — INTRODUCTION
WOLVERINE | Crypto Miners:
Hello community, welcome to a special AMA session with BearMarketCoin
Now let's welcome our special guest from BearMarketCoin here to join us.
NC:
Hello, everyone! I'm NC, the project manager of BearMarketCoin. Nice to meet you!
WOLVERINE | Crypto Miners:
So can you briefly describe what is BearMarketCoin ? We would like to know more about it and how it works in this space.
NC:
Sure! Bear Market Coin (ticker: $BEAR) is an innovatibe BEP-20 memetoken deployed on the Binance Smart Chain. It prevents the quick pump and dump of tokens through his reward mechanism, that gives Pancake SwapV2 tokens ($Cake) to its holders. The name Bear Market Coin comes from the time period we're living in: we wanted a coin that people would be able to profit from even during a bear market.
WOLVERINE | Crypto Miners:
How has the experience and background of your team been effective in the success of your project so far?
NC:
Yes, absolutely. from the tech part to the marketing part. Our team has a diverse backgrounds of very hardworking individuals, able to fill in every niche needed. We also have multiple back-up members in our team, so we never leave work unfulfilled.
WOLVERINE | Crypto Miners:
Haha so, what are your main features that distinguish you from other projects and what competitive advantages do you have?
NC:
Well... There have been other staking/rewards tokens recently (the most famous being BABY CAKE). Our token is different through the ability of the team to partecipate in long term planning, and his higher viral potential. There never was a succesful bobo token before, and certainly no project was as easily recognizable as ours. We're so confident in it's success we're already preparing the forms to obtain a place in CoinMarketCap's list.
WOLVERINE | Crypto Miners:
What are the risk management policies that BearMarketCoin uses to safeguard the investments and credits granted by its platform?
NC:
Most importantly, $BEAR's main profits comes through its Cake rewards. PancakeSwap has proved itself to be relatively safe compared to the rest of the platform when it comes to vulnerability to flash loan attacks, and we decided to chooose as a reward an utility token considered widely safer than other BEP-20s. As we all know, no project in the space is actually risk-proof, but it's in our best interests to make sure our investors feel safe with us.
WOLVERINE | Crypto Miners:
Can you share more details about the BearMarketCoin Tokenomics,is there any particular vesting schedule if so can you share more about it?
NC:
Yeah. First things first: max supply 100 000 000 000 tokens, 7% of every sell is used to redistribute CAKE to all holders, 3% is reinserted into the LP pool, 5% is used for marketing purpose (we'll have a very aggressive marketing campaign post-launch). We will be running a whitelisted presale, aka, we will select a limited number of people (150) that will be allowed to receive the tokens before launch. Those people will be selected through how much they manage to help the community, in particular, 100 of them would be selected through a shilling competition we prepared on sweepwidget.
SEGMENT 2️⃣ — Live Q & A
Ellen Anita:
💄💄💄💄💄💄Can bear market coin made any profit during market dump or bear market periods?
NC:
Yes. The token is explicitely made to allow small investors to make profit during a bear market. We chose $CAKE as our reward for holding, because it's a relatively stable token.
Stephen Edward:
MANY COINS COME WITH NAME MOON, PUMP, DOGE ETC TO ATTRACT INVESTORS! IN THIS MOON ERA, YOU CAME UP WITH A BEAR MARKET NAME🐼 WHAT IS THE STORY BEHIND THIS NAME?🐼 WILL YOU DEFEAT BEAR MARKET?
NC:
Interesting question! I think originality plays a role in the success of the coin. Many developers prefer the easy route of recycling the same idea over and over (we saw hundred of thousands of combinations of moon, shiba, elon and doge these months). Most of them reveal themselves to be rugpulls, as you all know. I don't think that $BEAR will defeat the bear market, that will naturally happen organically in a few months. However, many small retail investors lost money during the last months of bear market, and we wanted to launch a project that guarantees investors a small opportunity window to make money before the bullrun resumes. Also, we just think bears are cool.
Abhishek. Sravi:
☑Which do you think is more important;
A. Community
B. Investors
C. Token Price
-If all of the above is important to you, which should come first?
NC:
Community is the most important thing. Without community, there's no crypto. Without the people that held even during difficult times, the people who belived in projects even before investors came in, the crypto space as we know it would not exist.
Mynul Ovimani:
CAN you explain the background of your team? How will you and your team carry out this project during this current pandemic????
NC:
We are very used to working from distance. All members of our team have been working remotely since the start of the pandemic, and we have developed a good enough synergy to cooperate easily even without being physically near. We have team members from all around the world, selected through the months due to their skills and trustworthiness.
Dary:
Bear MarketCoin incorporates two tokens $ BEAR and $ CAKE, explain the function of the tokens, to keep $ BEAR and eat $ CAKE?
NC:
Yeah, that's about it. It will be a strong incentive to hold $BEAR, because one can make virtually more money through passive $CAKE income, than trying to swing trade a token in a very volatile market.
— AMA CONCLUDED —
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