BSCtrust Launchpad

5 min readMay 26, 2021

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

Decentralized Finance

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving on, today I am gonna present you a new decentralized launchpad on Binance Smart Chain, BSCTrust (https://bsctrust.finance/).

Definition

In more detail, BSCTrust (https://bsctrust.finance/) is an IDO platform on Binance Smart Chain (BSC) in which the user gets early and priority access to low-cap quality gems + free NFT.

How does it work?

With the aim of trying to solve the problem of scams that exist today when it comes to investing in new projects within the world of cryptocurrencies, BSCTrust intends to give its users guaranteed access to invest in early capitalization gems with high potential. on the BSC network.

Therefore, BSCTrust is described as a frictionless performance protocol that allows users to accumulate rewards from each transaction that occurs in the ecosystem, that is, each of the users who hollow on their platform, will be rewarded for each transaction that is carried out at the same time. To make it possible, the platform charges a 3% commission for each purchase and distributes it to all users equally according to their% of tokens with respect to the entire network. On the other hand, 3% is also charged for each sale, but in that case, the value that is discounted goes directly to the liquidity fund to ensure the value of the token.

Bounty program

The project gives the opportunity to earn BSCTRUST tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_BSCTrust), where you can access the link in order to see what are the conditions to become an early BSCTrust contributor and start acquiring tokens.

You can also stay tuned in their official Telegram Channel (https://t.me/BSCTrust). I hope you liked the post and soon I’ll send you new ones.

Token details

The BSCTrust token will be the $BSCTRUST, which will serve to provide price stability and be used as a combustion mechanism. The idea is to add value to the project ecosystem and to be able to create a sustainable environment for projects launched in it.

The token is based on the Binance Smart Chain (BSC) network, which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. What is special about Binance Smart Chain is its low fees and fast transaction speed, but what is even more special is its compatibility with EVM (Ethereum Virtual Machine). Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is.

Token: BSCTRUST
Type: BEP-20
Network: Binance Smart Chain
Max Supply: 2,000,000 BSCTRUST

Roadmap

April 24, 2021 → Presentation of our first Launchpad
May 7, 2021 → Team Token Lock and Liquidity Platform for Binance Smart Chain
MAY 14, 2021 → Introducing our second LaunchPad
MAY 29, 2021 → Presentation of the third launch pad