We hosted an amazing AMA with BullyPit on the 29th of March.
And here we will put some of the best questions:
Q1. Tell us about your team and how you come about the BullyPit project?
Interesting questions. We are nothing more than crypto enthusiasts and investors except our developers and tech guys team. Particularly, I invested in shiba, dogecoin and Akita before their massive adoption in the crypto community. I made significant profits and I can say I’m a veteran regarding meme coins investment. One thing that I loved was the love sprouting toward meme coins.
Before I proceed. Would love to send some pictures
Here is an American Bulldog
We have an American pitbull terrier here
Imagine what the collaboration of these 2 dogs would birth?
Let’s tell more
As the name implies, BullyPit is coined from Both American Bulldog and American Pit Bull Terrier which the mating of both dogs resulted in BullyPit. The result is usually a large dog with muscles which portrays strength.
And here we have a BullyPit which is broad and muscular. It potrays strength 🚀🚀
What is BullyPit in the crypto world?
The idea of BullyPit project is inspired by a fable and my love for Pitbull, a strong valiant and protector pit. So my team and I fuel the idea but this time with more utility that will make investors stay, grow and be wealthier for the long term. We thought of meme coin, nft , staking and marketplace to bring together everyone in this crypto space.
Q2. What’s BullyPit?
Explained half earlier
But will lay more emphasis on it
BullyPit is the first Community-driven meme token evolving in the metaverse. BullyPit wants to create fun, utility and evolve as the first metaverse meme token.
We have come to make the Verse a place to live and be comfortable 🚀🚀
Q3. Why is BullyPit launching on Binance Smart chain?
I will be able to provide 1000 reasons, but for time, let’s pick some and elaborate.
We choose BSC for performances and free cost in the accessibility to BullyPit token. We want to welcome a bigger community in the BullyPit band and thousand of collectors.
Here are some relevant reasons provided by bsc on why we decided to launch on BSC.
BNB Smart chain is Blockchain network built for running smart contract based applications.
BNB Smart chain also implements the Ethereum virtual machine (EVM), which allows it to run Ethereum based applications like Metamask.Here are some of the attributes of BNB chain:
Onto the next one 🚀🚀🚀
Independent Blockchain : While it runs in parallel with BC,Binance Smart Chain is a standalone blockchain. This means that even if BC stops operating, BSC will continue to run its technical and business functions.
Ethereum-Compatible : Smart contracts, which are Ethereum-compatible, are supported by BSC. Through this feature, developers can build or migrate DApps, tools and other ecosystem components on the BSC network without much friction.Supports Staking and Community-Based Governance.
The platform runs on a proof-of-stake (PoS) consensus model, specifically, proof-of-staked-authority. BSC’s native token, the Binance Coin (BNB), can be staked to contribute to network security and vote on community governance protocols. Its PoS model also enables it to process transactions faster, putting it above networks that still implement full proof-of-work (PoW) systems.
Native Interoperability : BC and BSC can freely communicate with each other without friction, despite BSC not being a layer 2 solution (as it is an independent blockchain, parallel to Binance Chain). This makes it seamless for users to move their cryptocurrencies between BC and BSC.
Proof-of-Staked-Authority : BSC combines both delegated PoS and proof-of-authority (PoA) to achieve network consensus and maintain blockchain security. PoA is known for its capacity to thwart 51% attacks, as well as its tolerance for Byzantine attacks.In this model, there are elected validators who take turns in confirming transactions on the network and are tasked to produce the blocks in a PoA manner, which puts the amount of their stake and their reputation in the community into consideration. To become a validator, a user has to stake BNB.
This consensus model allows BSC to achieve around three-second block times. If a block proposed by the validator gets added to the chain, they receive the transaction fees incurred in that block as their reward.
Validator Quorum : A validator quorum is required to secure the BSC network. The blockchain has 21 validators that are elected by BNB stakers every 24 hours. Anyone can be a candidate for election as a validator, but only those who belong to the top 21 highest-staked nodes will be chosen for the next validator set.There is an “epoch” period for the platform, where validator sets can update the BSC network as needed. Every epoch period consists of 240 blocks, which is around 20 minutes.
BSC also implements “slashing” to disincentivize malicious actors from validating inaccurate transactions or double signing.
Slashing is designed to expose an attacker and make their attempts extremely expensive to execute.We will stop here 😁. Bnb smart chain is simply the best to carry out the features of BullyPit.
Q4. Explain to us the features you want to develop and how they work.
These are what keep us outstanding
BullyVerse : BullyVerse is a Web3 platform that allows BullyPit NFTs Staking to yield more BullyPit Tokens, Frequently NFT drops and showcasing all creative artwork from the BullyPit community. Withdrawing your rewards comes with a 2% tax which is channelled towards the growth of the Project.
NFT : BullyNfts will come with random staking powers with only 10,000 to be minted. Each NFT will come with different power to stake and earn BullyPit tokens from our staking platform. This will be a passive income for all. Earn while you sleep.
BullyBand creative Community : This is where all the lovers of BuyPit gather to suggest, play and give room for more growth. The Band is our best weapon to increase growth in the project. There will be a series of events to grow BullyBand and also drops will be given to the community as it’s stated in our WhitePaper.
Check our WhitePaper https://bullypit.co/wp-content/uploads/2022/03/Bullypit-White-Paper.pdf
BullyCryptoCenter : This is where we get to enlighten and teach more about the cryptocurrency world. This event will occur occasionally and it is open to all. No age limit or gender discrimination. We get to learn and also earn via quizzes and some crypto related games which educates all while we have fun and earn. This is one of our best features. learning never ends.
Q5. Fair launch or in sale phase? what are the benefits for early investors in your project?
Benefits for everyone 😁🚀😁
Our pre-sale will hold on Pinksale which is well known and trusted IDO platform. 80% of allocated funds from pre-sale will be pooled with 10% of the total supply. The remaining 20% will be targeted towards marketing and the growth of BullyPit.
The liquidity will be automatically locked by Pinksale for 10 years. Early investors are set to get early access to every update coming to the Verse. We will have an NFT drop for our pre-sale buyers which will serve as Whitelist to mint BullyNfts when it’s time for the minting. These whitelist Nfts cannot be sold nor transferred out from the wallet that receives it as this is a one time whitelist event.
Total number of whitelist NFT to be minted will be determined after the sale. Also whitelisted addresses will have discounts in the minting price and have higher opportunity to mint a rare BullyNft which will come with higher mining power compared to non-whitelisted members. More details on this will be released before the sale.
Early supporters also benefit from drops going back to the community. Also a 3% from the 8% tax goes to all holders. 🚀🚀
Q6. How do you ensure that more investors will be interested in your project?
Non stop marketing and utility is what will speak 🚀🚀🚀🚀🚀
We will be having a series of promotions and this is surely a way to attract new investors. AMA is one way to tell the world about what we are set to deliver. Also we will have Contests that will spread the good news BullyPit has brought to the Verse. Listing on Top Centralized exchanges also attracts new investors and gives room for more growth. These are just few of what is set to be delivered.
Q7. Thanks for your questions, we have the last one which is, where would investors be able to buy into your tokens?
At present we are building the community and sale is commencing in few days.
The first sale will hold on Pinksale and after that, liquidity will be provided on Pancakeswap which is our first decentralized exchange where you can easily trade BullyPit token. Top Centralized exchange listing will follow and the first will be announced and elected by the community.
And here we will put best questions from our members and BullyPit fans:
Q1: Many Meme Projects are coming with the NFT marketplace and staking platform. So what are the strategies of BULLYPIT to stay on top of meme tokens?? Is there a unique feature BULLYPIT has on its sleeve to stay in the competition?
We have amazing features which makes us outstanding.
We are concerned with the projects’ market dominance for sure. We don’t intend to compete, so far, we want to make sure that our community enjoy all the benefits of our platform. one thing important with our project is the bullypit NFT and incentives.
one thing important with our project is the bullypit NFT and incentives. The meme NFT holders will get whitelisted for bullypit NFT minting with a discounted rate and higher possibility of getting a high staking power from mint. NFT holders will mint and earn accordingly with their NFT yielding power. Be lucky to have the highest one.
Moreover, 80% of the profit generated on our marketplace will be dropped to our holders. This is to more encourage holders and also the 3% from tax goes to every holder. According to what you hold is what you get.
Q2: What kind of partnerships with different projects/platforms/protocols can we expect from @BullypitBand in the future? Could you give us some examples of how other projects can leverage @BullypitBand?
Lots of partnership but the security of our investors is our top priority.
We are looking for a strategic partnership for marketing and basically for reaching out to artists and creators when we launch the BullyVerse. our developers are experienced enough to carry up till further changes in our features Scope.
Our token will be available on tier one Dexes before we leverage to CEx listing. BullyPit ideal is community empowerment. BullyPit crypto center is our pledge to foster that.
Strategic partnership yields amazing results. We scrutinize every proposal.
Q3. What are the competitive advantages of your project? What advantages do you have that other competitors dont have ? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?
We are not in a competition.
The aim is to be at the top.
As earlier stated, we are not competing with anyone. Bullypit is here to stand out amongst its pairs with the Amazing features coming with it. We understand the value of a security which has brought the idea of Auditing our smart contract and not just the contract, our Staking platform will be audited alongside the Marketplace. This is to ensure maximum security of funds.
What we deliver distinguish us.
Q4: What’s next for BullyPit as a brand?How have you been able to create a sustainable market flow seeing that crypto currency is a very large market?
Our community will be on fire.
A hint
We will have a game which is fun filled in the community with reward pool of up to 0.1 bnb for top 3 winners. This will happen virtually everyday before the sale commence. Don’t miss it
Following our roadmap, we all can see we have been working and achieving growth organically. We had a first community airdrop and the turnup was great. After this we will be having series of events and marketing to spread the news BullyPit has brought to the Verse.
On what is next for us, we can simply say “Telling the world about BullyPit is next” this has just begun.
Also, Owning to our tokenomics model, we ensure the liquidity is always available for trade and give back to the community through reflection and incentives. Thus impacting all our holders and gaining new adopters.
Another hint 👀👀
A shilling contest is coming up which is a rare one. Massive rewards.
Check our functions and spillage:
Auto Liquidity: 3%
Auto Burn: 2%
Auto Distribution: 3%
Buying and Selling Slippage: 8%
Q5: Often found many NFT projects that always swell, due to unbalanced supply & demand. With BullyNFT, what mechanisms do you use to maintain a balance between supply & demand for your NFT? How can you keep the NFT value increasing over time?
Supply and demand works together.
Utility is what makes NFTs valuable. And this is what makes the demand higher. BullyNft will come with a maximum of 10,000 Nfts to be ever minted and each will come with a random staking power.
Each Nft is useful because you cannot mint a zero staking power NFT. There will be a 2% tax on withdrawal of rewards which will be given back to the community in general. What increases value is Demand and what brings about demand is utility.
There will be a maximum limit of 5 mint per wallet but you can visit the marketplace to buy more if you need. As BullyPit token is set to increase in liquidity which reduces the effect of sell in price, then bullyNfts are forever increasing.
Increase in price of $BPT will result in demand for bullyNfts. This is a result of the usecase of BullyNft.
The more people know about BullyPit the more every holder benefits. We all have a role to play. Spread the word #BullyPit
Q6. Hack attacks are so often happening and this scares many investors to invest in new project. Kindly tell us about the Security of BullyPit. How strong security do BullyPit have and did you already have an Audit to be more sure about your security?
BullyPit token Smart contract audit will happen in couple of hours of days from now. we will publish the consult report for the community to access a check on the reliability of the project. so far, our internal audit by Devs reported safe protocol.
There will be no hacks with our dapp, we will make sure to have security partners such as berry data to avoid information leaks and etc. more will be discussed withing the core team.
Q7. How can the community contribute to the progress of Bullypit? Do you have a Governance model? Is there and ambassadors or bug bounty or contest we can assist in so as to enable further adoption?
The community decides. No governance as we govern ourselves. We are community driven thereby every decision made must be in favor and accordance to the community. We will have ambassadors representing us in different nations also for our non English speaking countries, there will be local communities where our ambassadors can tell more and communicate in local language. This is to make BullypitBand accessible for all. Application for ambassador can be sent to support@bullypit.co
Q8. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Although project creators will never tell the community their intention to deliver or not their promises; you can notice if the team have the ability or the skills to do what they seem to praise through their roadmap.
We have a clear roadmap, twice thought and written. the Devs have experiencea and worked on marketplace and stacking contracts for many projects. we have the best guys with us to sustain the project.
All we need is to create the surge in the funds to fuel the project to the moon 👍
There’s no need to say it again. we gonna flip shiba and other meme with no interest. we are come to make the differences. check on our features scopes to learn more.
So far. the short term 1-3 months for the staking contract to be deployed.
Q9. Token burn is important to increase value and price a token? do u have buy back or maybe burn system and how does it work?
Here is the function in our contract:
Auto Liquidity: 3%
Auto Burn: 2%
Auto Distribution: 3%
We have an Automatic burn on every transaction which reduces circulating supply and reduction in circulating supply results in increase in demand. A 2% burn on every transaction and if need be, we buyback and burn from the 2% fees taken from withdrawing rewards on our staking platform. Check website for more informations. Bullypit.co
Q10. Your #BullypitBand project name is seems to be very interesting. Does it have any story behind it? Can you share us with the inspiration for approaching to this name?
Yes, coward pits run in from the ennemis, BullyPit never run away. it has the strength and gifted the community protector essence. he’s a sherrriif 🤝
Here’s the tale.
I am a winner. I have come to overtake. I’m going from kingdoms to Nations and to States of the planet “Earth”. I come from the metaphysical world where I live. I come to your world to conquer and bring you back to my universe, BullyVerse for a newer civilization. They will come with me, join the BullyBand.
Let’s dominate the Verse. Universe and Metaverse 🚀🚀🚀
BullyPit will save all the adopters from financial delirium, and bring you to high way of happiness. make sure to join us 😉
And this was the end of our AMA with BullyPit.
If you have any questions you can ask here: Telegram Group: https://t.me/bullypitband
ℹ️ℹ️ Useful Links ℹ️ℹ️
– Website: https://bullypit.co/
– Twitter: https://twitter.com/BullypitBand