AMA Recap: BUSTa

Hello, $START-ers! Here you can catch up with our AMA with the team behind BUSTa, the Next Generation iGaming+DeFi ecosystem where you can Be the House and earn with BUST

We had an awesome chat, with a huge range of questions answered, but if you need any more info explore BUSTa’s website and get on their Twitter & Telegram channels.

Their IDO kicks off right here on August 24th, 2021 on Binance Smart Chain. Get your $START staked and ready!

Let’s take a look at how the AMA went down…

Koven Leader
Hello and welcome to another Starter AMA!

Koven Leader
Today we are sitting down to speak with the BUSTa team!

Koven Leader
It’s an exciting upcoming iGaming and Defi platform that has the potential to bring you some amazing earnings.

Koven Leader
I won’t take all of their time talking about their project, instead I’ll let the team behind tell you more!

Koven Leader
Thank you for joining us @NeilApeStrong & @CrusherApe !

Neil ApeStrong,
Thanks for having us!!

Crusher 💩💰✊
Hey everyone great to be here!

Koven Leader
We are always happy to have these AMAs. They give us a great insight into projects.

Koven Leader
So let’s jump right in!

Koven Leader
Can you introduce yourselves and tell us about your roles in the BUSTaBNB project?

Neil ApeStrong
Yea sure so I have a broad backround in IT, covering many areas, and I’ve been in and out of crypto for a long time.

Crusher 💩💰✊
Some may know me from APEcoin and MemeFarm.io , I’m now senior member of the BUST team

Neil ApeStrong
I got involved in BUSTa about 4 months ago I think as the project lead — so I’ve designed a lot of what is now our platform. (with a whole lot of help from Crusher and everyone else on the team of course!!)

Koven Leader
That’s wonderful.

Koven Leader
So tell us about BUSTa

Koven Leader
What lead to this idea?

Neil ApeStrong
Ok so BUSTa is pretty big and I could go on for days — well actually I did go on for weeks writing the GitBook so feel free to have a look there for anyone that wants to do a lot of reading :) docs.bustabnb.com

Neil ApeStrong
But in summary, it’s iGaming meets DeFi in a lot of new ways that either no one has done before, or no one has done well enough yet

Neil ApeStrong
We’re launching very soon with our first game — BUSTaCRASH — which is inspired from the original crypto crash game- bustabit.com

Neil ApeStrong
And alongside that, we have our own AMM, staking/farming, affiliate program, and it’s all going to be run in the near future by a DAO :)

Koven Leader
I love this idea!

Koven Leader
With just a brief review of your docs I can see there is a lot of though placed into the development of this system.

Koven Leader
You mention that there are things you are doing that hasn’t been done before or well enough yet. Could you elaborate on that? What would be some of those things?

Neil ApeStrong
Yea absolutely, it’s taken up most of my waking hours over the last few months to get it to where it is now. Lot’s of R&D when into it, and it’s still happening now as we expand further

Neil ApeStrong
Yep so the first and most obvious is being able to play on our platform without registering with an email address

Neil ApeStrong
Just like with many other DeFi platforms, you can simply connect your wallet, deposit some BNB, then play — super easy!

Neil ApeStrong
Most iGaming platforms still require email registration and I don’t know about everyone here but that’s a real issue for me, it turns me off straight away

Neil ApeStrong
Secondly, we haven’t yet found a community governed iGaming platform out there and once we move to the DAO phase — which we’re aiming to do be end of August — almost every variable on our platform will be adjustable via a proposal and successful vote.

Meaning if our community isn’t happy with our 2% house edge, or our automated platform revenue distribution model, they can change it :)

Neil ApeStrong
Last quick one…

Neil ApeStrong
We’re about to launch a working product before the IDO! Has that ever been done before in the history of crypto!?

Neil ApeStrong
(ok yea I’m sure it has once or twice but it’s not common!)

Koven Leader
It definitely isn’t! Congratulations on that. Regardless of if it happened before or not it’s still a great accomplishment

Koven Leader
I look forward to seeing it launched.

Koven Leader
So this means interested investors can play the game before they even participate in the IDO?

Neil ApeStrong
Absolutely. We’ve been running a closed Alpha for a couple of weeks now for a very small group of lucky people, and we’ve moved to the closed Beta stage recently so there are already people playing the game.

Neil ApeStrong
And…

Neil ApeStrong
I just got word about 30 mins ago that our public Beta is now ready for everyone to play — albeit with fake BNB still, until we switch to mainnet next week and people can play with real BNB

Neil ApeStrong
But, we do have to do a slow rollout so unfortunately I can’t share the link just yet here — I really wanted to but was told NO :)

Koven Leader
😂

Neil ApeStrong
If all goes well, we’ll open that beta up to the public within 24 hours

Koven Leader
I’m sure the community will be looking forward to that announcement!

Neil ApeStrong
When we’re on mainnet next week, potential investors will be able to see the house edge being collected as real BNB, which will help them make their decision about whether to take part in the IDO or not :)

Neil ApeStrong
Again — how many projects are already generating revenue before the IDO…?

Crusher 💩💰✊
Here is a link to some early game screen footage:

Koven Leader
[In reply to Neil ApeStrong]
That a impressive step. It definitely helps give me a peace of mind

Koven Leader
So users win real BNB or do they earn BUST when playing?

Neil ApeStrong
So once we’re on mainnet, people will be playing with BNB, so they can win or lose real BNB.

We do have multiple “play to earn” features in development but they will come later

Koven Leader
[In reply to Neil ApeStrong]
So the BNB earned is coming from the house (the money lost by other players over time), right?

Neil ApeStrong
Not quite. There are two things going on there. We have a Bankroll which will increase or decrease depending on if there was a net player win or net player loss on each round. So the player’s BNB will either be added to the bankroll if they lose, or taken from the bankroll if they win.

Neil ApeStrong
Then, we have the house edge which is currently set to 2% on launch. This means that out of every 100 games, 2 will crash immediately at a 1.00x multiple, so everyone in that round loses their bet but instead of that BNB going into the bankroll, it gets sent over to our automated house edge fee distribution contract.

From there it is split into different “buckets” where that BNB is used to buy BUST from the market and burn it, acquire and lock up liquidity, provide additional farming rewards for our BUST stakers, provide affiliate rewards, and finally some also goes to the platform treasury to either be added to the bankroll to keep increasing it over time, or we can use it for competitions and promotions etc.

Crusher 💩💰✊
Here is a link to the BUST ecosystem technical flow chart: https://uploads-ssl.webflow.com/60d740788641bf3c262abe6d/60f78cc6e25556830b1bb1e9_BUST-Ecosystem-Technical-Flow-Chart-v1.2.pdf

Koven Leader
Okay, I think I have better understanding now and our community probably does too.

Crusher 💩💰✊

Sample screenshot of link above for preview guys..

Neil ApeStrong
[In reply to Neil ApeStrong]
Sorry! Made a mistake here, fixed now but just to be clear, that BNB is used to buy BUST from the market and burn it etc., not buy BNB, that would be a terrible idea!!

Koven Leader
[In reply to Crusher 💩💰✊]
This definitely helps put things into perspective

Koven Leader
[In reply to Neil ApeStrong]
I think you fixed it as I was reading it 😅 I didn’t notice that.

Neil ApeStrong
[In reply to Koven Leader]
Phew ;)

Koven Leader
So before we go to the community section, I’d like to switch focus for a second.

Koven Leader
Can you tell me about your decision to create BUSTaSWAP

Koven Leader
How does this impact investors and will BUST be on pancakeswap at any point?

Neil ApeStrong
Sure. So there’s a lot of hype around transaction taxes and personally I’m a big fan, as are a lot of people. But, there many aspects of tx taxes that I find super annoying like being charged the tax each time you make or break LP, or just sending your tokens to another wallet. It also makes it much harder to get listed on CEXs like Binance etc. as they have to also deal with the tx tax at their end for withdrawals and any time they want to move funds around internally.

Neil ApeStrong
We wanted a tx tax, but only on trades, nothing else. So we built our own AMM with the tx tax built in to the router and this is where we will list BUST on day 1.

Meaning, users are charged a tx tax on every trade on our platform, but the token contract is still naked, so they can freely send the token to other wallets, they don’t need to pay the tax each time they make or break LP, and for listing on a CEX it’ll be just like any other token that doesn’t have a built in tx tax

Neil ApeStrong
Having our own AMM also allows us to attract partner tokens to list on our platform both for having their token playable in our games, but also have their token tradable on our AMM, with custom tx taxes for each partner, with custom fee distribution for that revenue derived from the tax

Neil ApeStrong
[In reply to Koven Leader]
For investors, two things:

They need to take into account the 4% tx tax for any trade of course.

But if they check out the flow chart that Crusher linked above, they’ll see that our tx tax fee distribution is almost identical to our house edge fee distribution. So for every trade on our platform, we’re also buying and burning BUST and acquiring and locking up more liquidity for trading etc.

Neil ApeStrong
Meaning, the more trading AND playing volume on our platform, the more BUST gets bought and burned, the more additional staking rewards there are etc. And since BUST has a limited supply, we can support constant buy pressure and reduced supply forever :)

Koven Leader
[In reply to Neil ApeStrong]
Wow! So, correct me if I’m wrong, that means using your platform other tokens can generate revenue from tx taxes without implementing it into their own contracts?

Neil ApeStrong
[In reply to Koven Leader]
Absolutely :)

Koven Leader
[In reply to Neil ApeStrong]
Impressive 👍

Koven Leader
Rules for posting questions in Starter AMA:

If the question is copy-pasted from external sources, winner will get disqualified for the next 10 AMA sessions and will not receive any reward. The user who provide the proof that the question is copy-pasted from external sources will get 20% of the prize. If the question copy-pasted from internal sources, user will be disqualified forever.

Our goal is to have AMAs that benefit our community and help shed insight on the project and it’s team. As such, the questions should be genuine, not copied from other AMAs.

All the remaining funds from the questions which were disqualified will be distributed to the community. The 80% remains will go to the AMA reward fund for Starter. So if the winner of option 2 gets disqualified, the reporting user wins $20 and $80 goes towards the winner of option 2 for the next AMA. This way, the next reward will be $180 instead of the usual $100.

Koven Leader
[In reply to Neil ApeStrong]
Very smart move!

Neil ApeStrong
[In reply to Koven Leader]
It’s a huge part of our ecosystem and we expect we’ll be flooded soon with partner requests once the word gets out about it all. We’re already in talks with multiple early partners so they should be integrated by the end of August

Koven Leader
Dear community, we are opening the chat. Please prepare your questions. @NeilApeStrong @CrusherApe will select 5 of them. Please remember the rules ❗️❗️❗️

Only genuine questions will be rewarded. Copied questions will be disqualified
Read the rules here (https://t.me/StarterXyz/243370) (https://t.me/StarterXyz/217077)(https://t.me/StarterXyz/243370)

For the Community Part of the AMA, every user will be allowed to post maximum 3 questions.
One message should contain maximum 1 question.
If you post more than 3 questions, you will not receive the reward if selected.

Thank you for understanding and good luck!😉

Also, don’t forget to join @bustabnbofficial

Koven Leader
[In reply to Neil ApeStrong]
I’m even more excited to seeing its growth!

Koven Leader
Thank you for your questions!

Koven Leader
We appreciate all the excitement behind the @BUSTaBNBofficial project.

Koven Leader
@CrusherApe & @NeilApeStrong please select 5 questions and answer them. Then choose 1 as the winner.

Koven Leader
Please also answer The Winning Twitter Question -

According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

https://twitter.com/ojanaloveferi/status/1420832215420661761?s=21

kuluk and uhuk
liquidity is one of the biggest challenge in Decentralized Finance. So, what steps does BUSTaBNB take to solve the problem?

Neil ApeStrong
[In reply to kuluk and uhuk]
Thanks for the question.

We will use 40% of the raised funds from the IDO to add to liquidity for trading on our AMM, that’s already going to solve that problem.

But because we also have farming rewards for our stakers, people can stake BUST-BUSD and BUST-BNB to add more trading liquidity, and they’ll receive both BUST and BNB in rewards. Furthermore, those farming rewards are constantly topped up from a percentage of our platform revenue.

Also I should mention, the BNB farming rewards will initially come from 20% of the IDO funds raised.

And since I’m on the subject and people must be wondering, the remaining 40% of the IDO funds will go straight to the bankroll for bigger potential winnings!

So yea, all the IDO funds raised go straight back to benefit the community :)

Sorry, long answer…

Come Come Come To Me
Your project is not only interesting but also important, but it needs a large user traffic to be sustainable over time. What marketing strategies do you have planned to increase the validity of your brand ? Are you planning a strategic partnership to level up your project ?

Neil ApeStrong
[In reply to Come Come Come To Me]
We have loooooots of marketing planned with a large marketing budget, we’re just waiting for the game to be made public so we’re not marketing a future project, we’ll be marketing a current love product!

Our affiliate program is designed to be quite lucrative for influences etc. to talk about our product to their audience, so they will be a big driver of new users

Crusher 💩💰✊
Example of referral page..

Neil ApeStrong
[In reply to Restopect]
Yep so we have 3 primary reasons to buy and hold the BUST token.

First is simply that the BUST token will be perpetually bought and burned as the platform generates revenue from trading, iGaming house edge, and partner fees. Buy pressure and burning increases token price.

Second, you can stake BUST to earn both BUST and BNB staking rewards that come initially from a staking contract, but will also be topped up with a decent percentage of the BNB raised from the IDO, and with BNB and BUST from the platform revenue.

Third, Governance. Soon after launch, BUSTaBNB will become a DAO and many aspects of the platform (like swap fee distribution etc.) will be adjustable via community proposals and voting with BUST. The more BUST people hold, the stronger their chance of getting a proposal passed.

Crusher 💩💰✊
Example of desktop gameplay..

Neil ApeStrong
[In reply to Restopect]
Our yield farming rewards will come initially from our emission contract, but these are constantly topped up from our platform revenue. As we generate revenue, our smart contracts automatically buy more BUST from the market and add it to the emission contract, along with BNB generated from the game house edge.

Meaning if the platform grows as we expect, we’ll actually end up with more farming rewards coming out in future than we have on day 1 — which again is pretty unique :)

Crusher 💩💰✊

Neil ApeStrong
Hey thanks for the unique question!

The Bankroll pool is where the players can win BNB from, and where some players will lose their BNB to. We will seed it initially with a small amount of BNB just to get the ball rolling in beta, while further testing is done.

We’ll keep adding to it up to the full V1 game launch where we’ll have a much bigger bankroll — the bigger the bankroll the more people can win on each round.

Furthermore, a percentage of the platform revenue will be constantly added to the bankroll, meaning it will constantly grow over time, making more and more winning possible.

On day one we plan to have a BNB single stake pool to increase the BNB bankroll for the game and stakers in this pool will be rewarded with both BUST and BNB, with both of those rewards being topped up with platform revenue.

One of our goals with BUSTaBNB is to have the highest yield on BSC for a BNB single staking pool — which is entirely possible considering that there are very few platforms with single token BNB pools that have BNB added to them constantly from platform revenue. Soon we hope to compete with Binance’s own BNB staking pool :)

The bankroll will also grow to include more tokens as we integrate more partners.

Neil ApeStrong
Ok @Koven_Leader I think that’s 5 :)

Neil ApeStrong
Sorry for taking so long with my answers… I get carried away sometimes :)

Neil ApeStrong
Remember if anyone wants to read more, please head over docs.bustabnb.com and bustabnb.medium.com. There’s heaps of content there to go through :)

Crusher 💩💰✊
So we saw there was a prize for the best question out of 5 — we thought why not award all 5 questions with a prize instead? So congrats all 5x will receive $50.00 USD of BUST airdropped to them post IDO 😉

Neil ApeStrong
If anyone is interested in becoming an early affiliate or testing the beta, please come join our TG @bustabnbofficial and twitter https://twitter.com/BUSTaBNB to find out when you can get the links and start growing your referral list :)

Crusher 💩💰✊
As you can see we are not only building a gaming ecosystem, but supporting it with lore & cannon

TheBarChef
Ok — this about wraps it up!

What an amazing AMA guys. I’m more pumped than ever before to play this game and get some great x’s 🙂

Crusher 💩💰✊
Mobile game play screen example

TheBarChef,
Any other teasers you would like to share with us?

Crusher 💩💰✊
[In reply to TheBarChef]
We have something extra to give away

TheBarChef
Great! Let’s do it 🙂

Crusher 💩💰✊
Chance to win a further $150.00 of BUST airdropped post IDO..

Crusher 💩💰✊
Just complete these simple tasks to enter — thats it;

Crusher 💩💰✊
https://tinyurl.com/BUSTaBNB-STARTER-AMA

Koven Leader
Well you all have definitely provided the community with some wonderful insights and amazing answers. More impressively you’ve given us a great opportunity to see how strong your team is!

Koven Leader
Thank you for joining us today 🙏

Koven Leader
The chat is now officially open!

Crusher 💩💰✊
Thanks very much for having us! Look forward to everyone joining us on this journey! 👽👽👽👽🛸🛸🛸🛸

Neil ApeStrong
[In reply to Koven Leader]
Thanks very much, super happy to be here :)

BUSTa

✉️ Telegram: https://t.me/BUSTa_official
🐦 Twitter: https://twitter.com/busta_gamefi
📄 Docs: https://docs.busta.gg/
🌐 Website: https://www.busta.gg/
Medium: https://bustaofficial.medium.com/

Starter

✉️ Telegram: https://t.me/starterxyz
🐦 Twitter: https://twitter.com/starterxyz
🔊 Announcements: https://t.me/starter_announcements
🚀 START BSC Contract: https://bscscan.com/token/0x31d0a7ada4d4c131eb612db48861211f63e57610
🚀 START Polygon Contract: https://polygonscan.com/token/0x6ccf12b480a99c54b23647c995f4525d544a7e72

The #1 and most technologically advanced community token presale platform for Polygon and Binance Smart Chain $START https://starter.xyz

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