BAT Protocol AMA – CRYPTOTITANS

we hosted an amazing AMA with BAT Protocol on the 4th November

And here we will put some of the best questions:

Q1. Can you introduce yourself to our community ?

My name is luis and I’m from us & an entrepreneur at heart. I have been doing research on big data for more than 25 years, and AI for more than 15 years. I did my undergraduate program at Carnegie Mellon University, and later a PhD at Stanford, both in Computer Science, focusing on Artificial Intelligence.

Q2. Can you briefly tell us what is BAT Protocol ?

BATPL is the cross-chain of the ecological chain of HALO blockchain,
https://halo.land/#/
HALA BLACKCHAIN is a public chain of the same type as solona, with its own multi-chain wallet and swap, and batpl is his first ecology. It is a cross-chain in the blockchain. The cross-chain is to solve cross-chain interoperability while being unable to cross. , Assets transfer, the cross-chain uses cryptographic promises and the storage of lock time, [support Halo-Bsc cross-chain]
Batpl is a blockchain game that will combine the concepts of web3.0, nft, meta universe, decentralized chain contracts, lending, etc…
The first ecological batpl on the halo blackchain is gradually becoming prosperous and perfect, and it has indeed injected fresher vitality into the entire NFT field. batpl has great potential and has great room for development in the future. At present, batpl’s NFT ecosystem can help users get a better experience, and batpl is keen on catching the wave of new cryptocurrencies.

Q3. Let’s now talk about the milestones you have achieved so far and about your upcoming plans ?

September 2021
1.Synchronously launched HALO network and binance smart chain and start to swap
2.Dapp launched on binance smart chain and start liquidity mining
3.Complete the cross-chain bridge to form a value network interconnection
October 2021
1.Received investment from Singapore PBF Fund to jointly create an eternal meta universe
November 2021
1.Launch on CEX
2.Meta universe concept game is online
April 2022
1.Mainnet goes online

Batpl has launched a function called “liquidity baking”. When users conduct dapp mining, only 31 nodes are destroyed and then output for circulation. The output tokens will be used in the game sector and nft art auctions, and batpl will be in -hos wallet allows more people to participate in LP liquidity pool mining, lending, etc., participate in LP liquidity and get token batpl rewards.
BATPL will launch on pancake swap on 5 nov 12:13 utc.
https://twitter.com/BatProtocol/status/1455882303226331147?s=20
All of you in the community can participate our launching airdrop activity i will send the google form in the end of this ama.

Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background ?

We’re in a digital economy where data is more valuable than ever. It’s the key to the smooth functionality of everything from the government to local companies. But the data set is like in a silo, which is extremely lacking in liquidity. Our startup was built upon the premise that tokenizes data with commercial value through a network of professional data providers and makes data tokens liquid on the chain.Bat Protocol aims to provide new impetus for the Web 3.0 data market. ata token structured products can take many different forms. The Bat protocol allows users to generate tokenized data futures. This means that defi users will be able to use leverage to trade data tokens on the BAT data market. In addition, users will be able to use these data tokens to create new derivatives markets. Bat Protocol is committed to becoming a market leader in data derivatives and able to continue to expand the overall scale of the industry. In the future, the bat agreement can help DeFi products reach new markets that the industry cannot reach.

Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is BAT Protocol’s approach to the NFT sector ?

The current hottest public chain token prices such as Solana and Avalanche have repeatedly hit record highs and have attracted market attention. In contrast, HOS’s ecological batpl is an unfamiliar name. However, in general, the first ecological batpl on the hos public chain is gradually becoming prosperous and complete, and it has indeed injected fresher vitality into the entire NFT field. batpl has great potential and there is also great room for development in the future. . At present, batpl’s NFT ecosystem can help users get a better experience. Batpl’s response to catching the wave of new cryptocurrencies is not keen enough, and it is more obvious in DeFi, which has become the theme of the industry in the past two years. Ethereum is a star sought after by everyone. Investors are using hundreds of billions of dollars in DeFi smart contracts there. Companies such as BSC and Solana have also participated in this currency craze.Meta universe concept game will launch on NOV

And here we will put best questions from our members and BAT Protocol fans:

Q1) All the goals of your project is absolutely great, But One of the main factors users looking for in the crypto project is the use cases of the token? So what are the Use cases of $BAT token in your platform? What are your plan to increase the adoption of $BAT token ?

All the goals of your project is absolutely great, But One of the main factors users looking for in the crypto project is the use cases of the token? So what are the Use cases of $BAT token in your platform? What are your plan to increase the adoption of $BAT token?
Batpl has launched a function called “liquidity baking”. When users conduct dapp mining, only 31 nodes are destroyed and then output for circulation. The output tokens will be used in the game sector and nft art auctions, and batpl will be in -hos wallet allows more people to participate in LP liquidity pool mining, lending, etc., participate in LP liquidity and get token batpl rewards.

Q2) Hey in investors are only interested in the immediate benefits rather than the real long-term value of the project. How can you convince investors to invest in your platform over the long term ?

BATPL-adding LP automatic market making, you can simply understand the addition of liquidity pool:
👉If the price increases, the system will automatically sell it for you!
👉If the price drops, the system will automatically cover your position!

🎯It is equivalent to the role of a fiat currency merchant in a traditional order-listed exchange (such as Huobi). The transaction fees previously earned by merchants are now all earned by those placed in the liquidity pool. This is called [AMM] automatic market maker!
✍️This income is not interest-generating by holding currency mining, but real quantitative income from trading and transaction fees. The more players, the higher the currency price, the greater the transaction volume, and the higher the income.

There are four advantages to adding a liquidity pool:

Obtain liquidity benefits of tokens.
Automated market makers sell high and absorb low profits.
Ignore the ups and downs of assets without any loss.
The currency fell by 50%, and the liquidity pool was added to shrink by up to 10%. The tokens increased to maintain their value…

Q3) Seeing as the main aim of @BatProtocol is to boost the Web 3.0 data market, how do you plan on pursuing your goal? How does the distributed Data Network of Batprotocol work? Also please explain your marketing strategies.

We recruit 31 super nodes, personal real-time computing power is maintained at 1W, community real-time computing power is maintained at 10W, and the total network computing power is permanently divided into 5% weighted dividends, which is limited to 31 super nodes.Reached 300,000 computing power to get 500usdt reward, the application email is virgilmanz64@gmail.com

Q4) Protecting users data, privacy & funds has become a glaring problem that many companies/projects must face in their development phase. Can you explain a bit about the security architecture of BatProtocol against hacks and other form of vulnerabilities ?

BATPL Protocol is open source, you can participate for free, pay for the cost of storing data, the cost of accessing the stored data, and the reward for submitting the data.
For any entity that wants to access data, users can grant data for free or for a fee, and data consumers can request data. Ultimately, a single network user must grant access to data. The reputation of data users is an important aspect. Therefore, data consumers should be incentivized to establish trusted tracking records when they are responsible for any processing of data.

Q5) A certain percentage of your platform’s transaction fees is burned in the form of BATPL tokens. How often will these token burnings be performed? What is its ultimate goal? Will this process be carried out permanently or do you expect to stop it at a later date ?

Q6) What about you tokenomics?

Contract Name: BatPL
Deployed address: 0x64a38994a642BE549E721C41715D2DdBb83e2e8C
Total Supply: 210,000,000
Token Tracker: BatPL
Decimals: 18
Token holders: 21
Transactions count: 146
Top 100 holders dominance: 100%

Q7) Do you have audit certificates, or are you auditing your project to make it more secure and reliable?

Yes we have. Please check out
https://twitter.com/batprotocol/status/1398146524450672643

Q8) How about your data Network solution

The distributed data network of BATPL Protocol is composed of three main components: distributed storage, distributed database and distributed computing. Distributed storage and distributed database provide fast storage/query services for various data types. Regardless of whether the data is structured data or unstructured data, the BATPL Protocol data network service is composed of the blockchain layer and the BATPL Protocol resource layer, which cooperate with each other.

Q9) How can I buy this tokens? Is it available on any exchange?

Yes You can Buy from HoSwap.

Here you go all info from our announcement
https://twitter.com/BatProtocol/status/1448885675483222022

Q10) Do you have any plans to add NFT’s to your ecosystem as this is the hottest topic in the crypto space??

Yes You have.
NFT Metaverse Project BatProtocol Will Be Launching Soon On HALO Network

And this was the end of our AMA with BAT PROTOCOL.

If you have any other questions you can ask here:

ℹ️ℹ️ Useful links ℹ️ℹ️

Website :- http://batprotocol.finance/#/

Twitter :- https://twitter.com/BatProtocol?s=09

Telegram official community : https://t.me/BATProtocl