Date : 12 May 2021
Host : HunterX & GemFlair
Guest: BEST Team (Lidia Tess — community manager)
Hello! Spykefastians & Blockchain Enthusiastic!
We recently hosted an AMA with BEST, on 12 May at 4 PM UTC. So here we are up with the AMA transcript, for those who missed the live session, this post will be a saver & a feeder of knowledge for them.
HunterX — Q1. Kindly give brief introduction about yourself, Crypto experience and your role at #BEST Tokens?
Lidia Tess — I’m BEST project global enthusiast community manager
I was introduced into crypto industry from 3 years ago. At that time one of my friends began to run BTC mining machines to earn BTC.
HunterX — Interesting.
Is BTC mining still profitable..? 😇
Lidia Tess — 👀It’s always so profitable
And later I participated in several ICOs and then join in the project group and began to mange communities.
Ajay — In India the setup is out of league
Lidia Tess — Oh…I understand.
That’s why BEST is coming out😄
HunterX —A great opportunity indeed.
HunterX — Q2. Let’s talk in detail about #Best project. What makes it BEST for mining? What are the main features of the project?
Lidia Tess — Our team is working hard to make the mining process easier and more smoothly. And try to connect the traditional crypto mining industry and the hot defi techs.
BEST is the hashrate token backed by real computing power. Staking BEST , people become a miner, will receive BTC/ETH as the mining rewards everyday. BEST tokens can be understood as decentralized pieces of computing power, the stakers are miners. And we encourage our investors to stake BEST to earn the profit of cryptoassets in a long-term. The team is planning to add more valuable assets as the reward into the ecosystem for staking. Another feature of our ecosystem is MUSK, the governance token. With MUSK, people could manage their own mining business and the community and the project.
HunterX — That’s really amazing with the use case
Inspired by the Great Elon.. 😂😂
Lidia Tess — 😂👀Exactly..
HunterX — Super Cool.
HunterX — Q3. What are the major utilities of holding the #BEST token? How does team plan to enhance it value so as to attract users onboard?
Lidia Tess — As I explained above, BEST can be understood as pieces of computing power or mining machines. Have BEST staked is equal to mine BTC and ETH, getting the tokens as mining rewards.
HunterX — Yes.. Who wouldn’t want ETH and BTC as rewards with them on being a historical run. 💯💯
Lidia Tess — In the near future, the team is going to add more other valuable crypto assets into the BEST ecosystem to be mining rewards. Filecoin, Chia, even Dodgecoins…depends on the community decisions
HunterX — 🙌🙌🙌🤑
Lidia Tess — Besides, providing liquidity to BEST-USDT/BUSD pairs in DEXes will earn the staker MUSK, to manage the community by themselves.
HunterX — Q4. What is the present progress of development of BEST mining platform?
Lidia Tess — So far, the progress is just align to the roadmap.
HunterX — Some Great partners on board. 👌👌💯
Lidia Tess — The staking function and LP mining function are already passed tests, Waiting to start to work right after the IDOs end.
Oh yup, more and more partners are coming to us. We are also trying to spread the BEST word, to connect them together
HunterX — That’s a major update you shared. 👍
HunterX — Q5. How is #BEST Tokens project different from other competitors?
HunterX — Found something interesting to share with community. 👀
Lidia Tess — BEST is hashrate token 2.0. BTCST actually is 1.0, which can only be staked and get BTC as the rewards. They are also try hard to bring liquidity and new ideas to the traditional crypto mining industry. But in BEST ecosystem, stakers could have more kinds of rewards. For now BTC and ETH, in the near future, more tokens would be added into the pool.
HunterX — Get ready to stake.. As simple as that.. 😅😅
Will Musk be tradable as well??
Lidia Tess — Yes. it’ll be mined out and free trade within several weeks after the TGE of BEST
HunterX — Oh.. Thats something to watch out for.
HunterX — Q6. What major events can we expect in the 2021 #Best Development Roadmap? Any details related to Public sale?
Lidia Tess — It an important reason for people to join the ecosystem to hold BEST and manage the mining community by themselves
The №1 event is the IDO on Kickpad and the Crowdpooling event on DODO.
They will be launch within 24hours👀
Round 2 — Questions Asked on Twitter & Telegram
LFC Boy — What makes you believe 2021 is the era of hashrate tokenization and how can BEST take the lead in the hashrate market? What would you do differently?
-In your article, you said BEST has many mining farms across China but the current ASIC shortage poses a major risk to mining business. Do you see this as a challenge or an opportunity for BEST Ecosystem?
Lidia Tess — Crypto assets mining industry began from when BTC born. It exists and almost always be so profitable.
however, with the price and value of BTC and ETH increasing so high and so much, the mining machines or the computing power is getting more and more expensive. It’s so hard for people to get into this field these days.
With hashrate ecosystem, the computing power is tokenized. people now can free trade the computing power through the hashrate tokens.
We add more valuable crypto assets into the system as mining rewards. And we design the dual mining mechanism, introduced MUSK into the ecosystem as the decentralized management token. These are innovative.
Akoin — Is there any indication of the APR on staking rewards?
Lidia Tess — As for the APR, it depends on how many BEST tokens are staked. If almost all the circulation is staked, the APR would be around 40％
Amina Peter — Can you just outline the important reasons why people need to join your platform? Also, outline the key reasons why we need to hold BEST and MUSK tokens for long term?
Lidia Tess — Again, hold and stake BEST is mining, stake more tokens for longer, earn more BTC/ETH or other valuable tokens as the rewards. Providing liquidity to BEST-USDT pair in DEXes will get the staker MUSK, to manage the community and project
Aby — In terms of marketing, what can we expect from the team?
Lidia Tess — The team has already cooperated with giant miners as Weisi Mining, Tandao Mining, Jiejie Mining and F2pool.
And some people concern about the risk of mining business in China. Since we collaborate with many mining giants, we have strong hands behind us.
BasicVersion — Are you guys running your own mines or renting from the big miners?
Lidia Tess — The team owns big mines and also collaborate with other mining giants.
cryptoreal — How easy is the mining? can we start mining from mobile devices?
Lidia Tess — You can open our website on the mobile devices. Then you can stake BEST there, you become a miner.😄
Ajay — @bbllidia will the mining rewards just depend-on number of devices used, or the better the mobile device more is the reward?
Lidia Tess — Sure. $MUSK is the governance token in BEST ecosystem. People can only gain MUSK by providing liquidity to BEST-USDT/BUSD pair in DEXes and stake the LP token on our website. With MUSK, people will have the power to manage the mining business by themselves. To initiate proposals like what crypto to be mined as the rewards, to give suggestions and to vote.
cryptoreal — Just need one clarification. is it Mining or Farming? or both are more or less same.
Lidia Tess — They are more or less the same. Staking BEST is mining, the staker will get BTC/ETH. Provide liquidity to BEST-U pair is LP mining to get MUSK
CLOSING REMARKS:
Alex Lenderp — Thank you for the detailed answers! Interesting concept, big project and solid backers.
HunterX — Thanks @bbllidia for your time.😍
Manish — Hoping for a successful launch 🚀🚀🚀
Ajay — Thanks for the time BEST team
, Really one of the best AMA’s where detailed and genuine answers are provided
Just awaiting for the launch, hope you guys do well🔥
Lidia Tess — 🙏🙏We are so grateful for all the effort you make for BEST
Gem Flair — Thanks @bbllidia for your times and efforts.
Wish you all the best for timely achievements of all major milestones as per the roadmap.
Important Links
1) BEST Website: https://bestokens.network/
2) Telegram: https://t.me/bestokens
3) Twitter: https://twitter.com/BESTokens
4) Spykefast TG: https://t.me/spykefastofficial
Contact Spykefast Group (TG Members — @realsch & @Gem_Flair) for promotions and AMA!!
