AMA Recap: Harmony Pad

Basic information

  • Time: October 9th, 2021 at 2PM UTC
  • Project name: Harmony Pad
  • Host: Kristen from BSC Army
  • Guest speakers: Simon | HarmonyPad CEO
  • Main content:
    • Part 1: Project overview
    • Part 2: Team
    • Part 3: Products and Services
    • Part 4: Security
    • Part 5: Roadmap
    • Part 6: Tokenomics
    • Part 7: Community Q&A

MAIN CONTENT

Part 1: PROJECT OVERVIEW

1. Would you like to talk about yourself, your position a little bit and also an introduction about HarmonyPad before we get into the video?

Simon: Absolutely, so I’m BC Simon. Initially, I worked as a pro athlete in football and hockey, but then, I branched over to behavioral analyst. About 8-9 months ago, Cardano interviewed me and I had no idea what cryptocurrency was and I thought ”You know what? There’s a lot of promise in this”. So, I bridged over to this and I learned about it. I got myself really into it, 16-20 hours a day, and I launched PolyPlay with my co-founder. PolyPlay has become, to put in perspective, from absolutely no private investors, no anything. We went from 40 cents, $13 steady in three months and we’ve been a very healthy coin because we are transparent, we’re honest, and we do things the right way. We build, build, build and that’s our motto. So, HarmonyPad is PolyPlay’s baby, essentially, and what we’re doing is we’re bridging that BSC environment to the one chain and we’re going to make sure that relationship, just as PolyPlay integrated into the BSC world, we’re going to integrate one into the BSC world and then vice versa, One is going to, obviously, grow, their chain is going to grow, and we’re hoping to build it up into something bigger than ADA. The big thing is, HarmonyPad is going to be the platform that builds on one and the catch is we’re going to build, build. build because if you look at ADA, they haven’t been building. So what we’re going to do is we’re going to get Harmony building, we’re going to get Harmony active, we’re going to get that positive and great vibrant Harmony community to be sustainable. A lot of products that are integrated to the real world, a lot of blockchain gaming as we’re obviously probably play, we’re into gaming and esports and we’re really gonna accentuate the core values of the Harmony community which primarily will grow Harmony chain into something that is not competitive but relative and can coexist in the space with say finance.

2. Do you have any backup story for the name of HarmonyPad? What’s the meaning of that name?

Simon: I come from honesty and transparency, and this may be a regrettable story to tell. So everyone was talking about OnePad or HarmonyPad because we started speaking to Li Shang and the Harmony team about three months ago and we really wanted to integrate into the Harmony community. So we were talking to them, “We’re going to build you a Launchpad”, “We’re going to build you a marketplace”, “We’re going to build you everything and we’re going to grow it” because people see, what we’ve built in three months is incomparable in the entire crypto space. So when we go on onto Harmony we’re going to do the same thing. So we got our community to vote and we said HarmonyPad, OnePad and a few others and the consensus was OnePad sounded like a female product and HarmonyPad had a nice ring to it. So we went with HarmonyPad and there were about 4,000 votes on it and a lot of people are saying “Why not OnePad? Why not OnePad?” and it kind of sounds like ‘maxi pad’. So it didn’t really make sense so we were like “You know what HarmonyPad works, HPad” and it would have been nice to have ‘One’ in it but it didn’t really sound too nice.

Part 2: TEAM

3. Do you have any other team members that were going along with you from day one, from the beginning until now and how do they contribute to HarmonyPad?

Simon: So this is the interesting thing about what we’re doing. We aren’t here to monopolize and take over everybody, we’re here to help everybody grow and turn, we grow and our internal philosophy is very similar. So we started out with a tiny private sale like $20,000 with PolyPlay and we started building up our staff to like 10 or 12 people. And we were building up their skill sets over the course of the last months and we’ve grown into a 80 person staff. So I’ve got my CTO. He worked for Disney and IBM. You got me who’s a behavioral analyst, I’ve got a whole team of esports people like Adam Colby. We’ve got our Turkish staff that we’ve promoted all the way from admin to Business Management and Ideal Management. So we hire internally, that’s our policy because we don’t believe in hiring people that haven’t proven themselves that we don’t know. One day they might be great and then the next day they try to do something that’s really inappropriate or they do something that’s inappropriate. At least this way we know the character of all the people. For example, Eric who created the video that you had, he’s been with us since before day one. So we’ve got a whole staff that has grown with us and that’s gonna end up taking over their own projects on the Harmony chain as time goes on and we’re there to guide them and coach them all the way through.

Part 3: PRODUCTS & SERVICES

4. What kind of products, services have you guys been coming up with for this whole project?

Simon: So Harmony has the start of an entire ecosystem. Right now OneChain is very new and people aren’t seeing the big picture. It was funny, I think it was the first or second week we launched PolyPlay, I said “We’re gonna bridge over to OneChain and everyone’s like you’re crazy why would you do that, nobody’s on it yet”. I said “not yet”. Once we have the time to build our sites up and everything in our infrastructure, we’re gonna start building Harmony because Harmony already has an established community that is incredibly positive. They work together, they’re constructive, they have a 40,000 or 50,000 community that’s pretty healthy and we can grow that. The way we saw it was the only thing they’re missing are builders and what are we the best at? We’re the best at building so PolyPlay merging with Harmony was the perfect match. So then, with the Harmony team, we’ve sort of figured out a plan and a road map that we’re going to build and recruit users from other chains. It’s not that we’re taking users, we’re integrating like a coexisting structure where everyone could be one together. I think if we can manage that in the crypto space starting with this Launchpad, we’re gonna move out into a lottery marketplace. I’m telling things that we shouldn’t be telling right now. We’re gonna have a whole collection of games, different products that are gonna basically create OneChain as a unique brand. One of the things that I think a lot of these chains are doing that is a huge mistake is they’re just copying the others. So you see Solana, Avalanche, all these products they’re the exact same. They’re just launching the exact same kind of projects, they’re copying focus starters, they’re copying this. No, we’re gonna try and integrate brand new ideas, brand new things that are unique to the one chain. I think that’s where this growth starts from is getting that excitement up inside of the crypto space. One of the very attractive features that HarmonyPad has is that we’re not actually raising money and taking any team supply. This is a completely community driven project with a low raise. If that market cap goes into the millions, it’s starting at like $60,000 so the market caps are gonna rise with the community’s interest. What I found with PolyPlay, for example, we started at a 100,000 market cap, is that when people have already made their money early on in a project, they’re loyal to that project long term and they don’t want to sell anything else, they want to just participate. And you want the community to participate and have the exact same experience. People who are early on just want to identify with the project and the product. I think when people go and they raise $5,000,000 for a project and then the coin dumps 80% of the people, 90-95% of the people lose out except for the private investors. I think that’s extremely problematic for the community because how do you build a community and have people participate if they’re at a loss? They’re not going to want it.

Part 4: SECURITY

5. As you can see there’s a lot of scam projects out there on the market right now and a lot of people have been having a lot of concerns every time a new project is launched. Do you have anything to say for the audience right here to guarantee that trust and guarantee that your security system works fine enough to make your investors stay and have trust in the project?

Simon: What’s really interesting is maybe you’ve been watching my live streams or something. I’m always on about people that are not doxing and their excuses “It’s for my own personal security” or “It’s for the government not to find me”. If the government wants to find you, they’re going to find you. If they want to know. they’re going to find me. I’m on the Internet, I’m using a router like you’re gonna find me if you want to find me. For example, if you’re named Tarzan online, who’s gonna trust somebody named Tarzan with a pixelated image. Nobody’s gonna trust a cartoon because cartoons aren’t real. There’s an element that robots and computers can compensate for that humans can’t but are not at the speed and in a timely fashion. But there’s also a human element that needs to be introduced because there’s something called accountability. One of the major things that we’ve done in our community, for example, in PolyPlay, is we’ve created a sense of accountability where people can talk to me directly within 10 seconds and you don’t see that in other projects. First of all, they can contact me. Second of all, how many of them have met me. The reality is that how do you integrate cryptocurrencies into the real world if you’re not a real person. I think the first step in ensuring the investors’ security is there needs to be accountability which means there needs to be a person on the other side of that.

Kristen: Like showing faces and then showing their transparency, right?

Simon: Linkedin, your work history, all these things are necessary. How do you know if i’m not a triple murderer that just got out of a cell, I rob four banks. McDonald’s won’t hire me because they won’t give me an $80 till but someone’s gonna give me $400,000,000 in crypto. It makes no sense. So the second thing is you got to have docs developers. Those developers that you work with, you’ve got to know who they are, people your community is going to be able to access their Linkedin profiles and so on. So our lead developer who runs our security and wrote the contract is a professor at a top school. When you integrate people that are not hiding, then they can’t hide and if people can’t hide, this is a small world now. The big picture is that, when projects launch, doxing should be number one on that list. Number two, they should have some sort of respectable history or experience to go along with running a project because it’s not easy. I think what happens with a lot of these projects is they create this ideal from the start and they might not necessarily think “Oh I’m going to rug pull, I’m going to do all this stuff”. But then what happens is, they get into that first bit of trouble where the dip happens and they think “I’m going to run off with the money and nobody can track me, stop me, whatever”. I think that’s where the problems come in. There’s zero way to really go at these people and all they have to do is move off to a different country with that money, get a new citizenship, print off a new ID. It’s really easy. It makes no sense to not have a docs person with their work history, prevalent and present. They need to be considerably active and show that they can problem solve and create solutions because this is a fast environment. People need to be able to create solutions to problems that arise on an hourly basis. You need to be able to wake up at 3-4am whenever there’s a problem and say “Hey, we need to solve this.”

Part 5: ROADMAP

6. About the upcoming events of HarmonyPad, do you have anything to give? A little sneak peak about your big events for those who are still waiting for the news to come?

Simon: We’re gonna start right away and get to work. We build. That’s what we do. I’m not gonna sit here like Charles Hoskinson. No offense, Charles. I want to have a beer with you and watch hockey but you guys take forever to build. You guys don’t build. I want to build and I want to sit here and say “We’ve got projects from Li Shang coming to us”, “We’ve got Li Shang, the co-founder of Harmony”, “We’ve got our own projects that we’re developing and we’re going to create this ecosystem that creates an environment where users want to participate”. The more participation you get, BSC has done a wonderful job of this in the last 2 years, they create participation. Some of the projects are suspect that they’re promoted in the MVP program and stuff. But there’s an element of participation that needs to happen for people to really integrate into it. What kind of thing excites people? New ideas, people don’t want to just go through the same thing. You’re gonna see GameFi going to die soon and then something else is going to come up. Just like the NFTs dove off, you’re going to find something else coming up and then it’s going to dive off. You’re going to see this cycle until it integrates to real world like products that you can use for ticket systems, sports stadiums, bus passes and then an NFT integration. All these different things are going to come into the real world. Then we’re going to take it a step further and it’s going to integrate into the actual everyday banking. There’s stages that need to go through. Right now, a lot of these projects, GameFi and so on, they’re recruiting participants but they’re not having that utility in the sense that people can actually utilize them in the real world. It’s recruiting participation and that’s a start. Where HPad’s gonna really do some magic is we’re gonna work with other Launchpads as well, whether it be as we had them jump on. We’re gonna reach out to all these different Launchpads to introduce them to the Harmony products. First stage is participation. Second, those products need to be useful. They need to have some sort of utility that people are attracted to and it can’t just be a copy of something else. Everyone’s copying PancakeSwap. Everyone’s like “We’re going to take their front end and do whatever”. It doesn’t work. How many lotteries have been created under the Pancake UI? Those lotteries suck because that was custom and tailor-made to the cape token and it’s inflationary and deflationary components. You can’t just take a coin and integrate other people’s UI. You gotta mold the UI, the product, to the way the coin operates. I think when you design a coin specifically for one purpose inside of an ecosystem and it can trade within and around all these different products, it allows the opportunity for an ecosystem to be healthy and not have those huge issues. Where we’re going with HarmonyPad is we’re going to start introducing different ideas that are brand new that people haven’t seen. Those ideas are going to expand the ecosystem and the tokenomics are going to be designed around the features of the product. It’s not going to be us copying a GameFi product. If we launch some GameFi products, it’s because it’s the trend right now but a month from now, it’s not going to be like that. We’re looking 3-4 months down the road. For example, we’re looking at blockchain gaming as a betting feature where people can have each person on one side and the other. You can stake tokens and basically bet against each other in a fair environment and it creates sports betting, unfortunately, and so on. It’s the integrator. It’s the way you get incubated into fiat but then it obviously branches off into the traditional day-to-day uses of fiat. That’s where we’re headed. We’re going to start with those flashy exciting things and then we’re going to get real into the meat of things and push products and projects that can be used every day when you go outside.

7. Do you have anything in mind right now about the Launchpad that you’re gonna integrate in the future? What names do you have right now?

Simon: We’re gonna approach everybody. If anyone has a user base, we’re going to bring them to one chain. The reality is that people need to work together in this space to be successful. It’s a grave mistake to sit on a high horse and say “I did this by myself” because you didn’t do anything by yourself. There is an entire community, there’s an entire ecosystem, there’s an entire environment. If you go outside of crypto, there’s still some issues with trust and so on. When you all come together and everybody works together just like Launchpads and I think Launchpad should take 10-20% allocation because then it holds all those Launchpads accountable for the actions of that project. Then you end up legitimizing projects that deserve legitimacy instead of just pushing projects in one Launchpad and then they do something dumb. We want to work with everybody. I can disagree with some of the things they do but I can respect what they’ve done. The reality is that we should all respect what each other can accomplish but we need to grow together. If that doesn’t happen, the first stage is launching projects, if you don’t launch projects together, you’re not working together. I think that’s where it starts so everybody’s welcome to be on board with us. We’re gonna approach everybody, we’ve got contacts with everybody. Everyone’s one message away, fortunately, because we’re in virtual space. Everyone’s gonna be on board eventually, starting with Oxbull approached me three days ago and we modified the launch for them because we believe that their 1700 wallets will benefit HarmonyPad a lot off the top.

Part 6: TOKENOMICS

8. We would like to know more about the tokenomic distribution of your project, about HPad. How do you distribute a token? Do you think it was distributed wisely?

Simon: The first step in the tokenomics process is you need to have an initial market cap that is going to allow the community to grow with the project. You can’t just start a high and expect everyone to do well. So 58,000 initial market cap launch price is going to clear some zeros. We got a launch supply that’s going to end up probably somewhere 145 million but it’s going to end up going way below 10 million at some point in time over the next few years. You’re gonna see that tokenomics has an element of redistribution. The reason why we created a redistribution method was we believe that what a lot of Launchpads are missing is an incentivization and dividend for holders to receive further participation. I think our tears and the tokenomics of the burn function which I believe is 2.5%. PK, my CTO and co-founder, he’s the one who did the tokenomics. The redistribution method that we’ve created will actually encourage people to hold the token while participating in the IDOs. What a lot of Launchpads did was they minted tokens and they had an inflationary type of project that limits its potential growth. Not only that, if there’s no incentivization for the price to grow then people are going to calculate their risk. “Hey, maybe I need less wallets because it’s going to dump after the IDO”. When you redistribute and provide dividends, it forces people to say “Hey, you know what? I did okay on this and I got a little bit back”. When you get a little bit back and you’re able to stay still into a project, it creates stability. That’s where our tokenomic features are actually very unique because we learned from watching other projects. Almost all of them have this issue because their token cannot grow because people are just there to participate in the IDOs. Will HPad be doing other things? Sure, over time we’re going to do more than just the Launchpad. The reality is that in crypto, this space, people put themselves into this one little space and they don’t actually expand outwards and provide utility. Then they’ll toss off rewards to a different place and be like “Hey, I can provide stakingness”. All that does is devalue your currency. The goal here must be to have utility. If there’s a utility function that makes sense for HPad, we’re going to integrate that idea, not just be like “Hey, here’s our token”. We’re going to integrate that idea where the token can be utilized and it’s going to be our attack. That’s where this is going to be in terms of Launchpads. When we speak about Launchpads, the tokenomics is designed to deflate and as people make enough, maybe they will dump a little bit. But, that’s an opportunity for someone else to buy and then there’s an impact to the users for each sale. I’ve been reading some of these comments about a high sales tax. What me and PK figured out is that there were a lot of people buying into charity projects on the Finance Smart Chain and they had massive fees that were going nowhere. What if those fees went back to the people that were major shareholders, so you create almost like a Walmart stock type thing where the heavy investors are rewarded with their risk. So this is an element that we’ve been working on developing. We want to implement all projects that are launched on the one chain. Yes, it sounds daunting and scary that there’s sales tax that’s directly on the sales but what that does is it forces you to hold for about 15-20% to make a 510 margin. When you have that, you’re forced to hold for that point of time and you know that the person next to you is going to be rewarded for it. Unless the project’s not building or doing what they should be doing, you’re going to hold it. The more people that hold it, the higher the value goes. Once that supply continues to shrink, at some point, there’s going to be supply and then there’s going to be the burns. They’re just going to go like this and that burn is going to just reduce the supply and the value automatically goes up. Nobody’s going to sell them at some point and that’s the idea behind the tokenomics. It might sound daunting that yes, there’s a large sales tax but at some point those burns are going to reach the same level as the token and the price is just going to drive every time somebody sells. Then nobody’s gonna want to sell, as long as we’re doing a good job.

Part 7: COMMUNITY Q&A

9. What are the criteria to participate in this IDO in Harmony Launchpad? Please share more details with us.

Simon: To participate in the idea, you need to hold PolyPlay tokens or Oxbull tokens. There are tiers on each of the websites polyplay.net and Oxbull.tech. These two sites, you can find that information. There are different tiers and qualifiers based on how much you invest in either the Oxbull token or the PolyPlay token. When it launches, you can participate all you want and build up the amount of coins you have and on harmonypad.io site you can access the qualifiers for the tiers. The qualifiers for the tiers may adjust as the token deflates and it’s gonna be in line proportionally. Essentially, the goal is to be somewhere in the range of the top tier wall at 10,000$. Don’t try to participate in the IDO, you’re gonna have to wait till the launch, unfortunately.

10. Your development direction is not the current trend. Will it be a condition or difficulty for your project? What preparations have you developed for the community?

Simon: How do trends start? Well, somebody starts them. PolyPlay was being created before GameFi started. If we were a week earlier, we would have been skilled at $100 already because finance would have picked us up and gone after us. CryptoBlades obviously did very well because it was timing but BSC hopped on the GameFi wagon and other people followed FTX and so on. Everyone started to invest in gaming but, for example, PolyPlay was launching and it was actually delayed by three weeks. If we didn’t delay three weeks, we would have been the one that BSC was all over. How are we going to get HPad to set trends is the better question. You gotta have innovative products, you gotta come up with something new that other people are gonna wanna participate in. Once that new thing shows up, everyone’s gonna copy us and you’re already seeing a lot of people take note. Actually there’s a lot of CEOs from very big coins in the PolyPlay chat trying to take our ideas already because they see the innovation. We don’t care what other people are doing. What we want to do is do what we feel is going to be successful within our community and therefore it’s going to be successful outside of our community. HPad is going to run the same because if you’re doing some things, for example, we’re doing Esports tournaments. Is anyone else doing esports tournaments in the crypto space? No, we got a CS:GO tournament with the top 50 teams in the world. What happened when we first approached some people and companies and so on? They said “I’m scared of crypto, I don’t want to go into that market”. Then 2-3 months down the road, they’re tracking us because they’re curious but they’re not diving in. What happens with a trend? It lasts about 4-5 months so people are gonna put their feet in, they’re gonna get their feet wet but then what happens is people see blockchain gaming and mutual betting which is the next 4 months is going to where people can bet against each other and not use traditional sports sites is going to be the next big thing. That’s gonna be after GameFi but people build those things before then. If you’re the first, you’re the best. I don’t want to hop on the bandwagon or the coattails of other people and say that “I’m successful because we built all these things”. Our community is going to set trends and those trends are going to be followed by others. That’s how you build not just a coin but an empire.

11. The overall tax fee is 10%; this is an excessively high figure. Will the tax fee be adjusted, and what is wrong with the lower amount for the project?

Simon: It’s good to have that tax early on particularly if you got a coin on PancakeSwap because there are some real aggressive bots that are going to mess with those projects and they can drain the liquidity in a second. The bots are good to keep away. Second, 10% is high, it’s a sales tax that redistributes to users. The reality is that those funds are being provided to the people that hold it, it’s not like those are going straight to development like we did in PolyPlay for the first several months before we started burning down to 750,000. We are paying the developers and building products which is why we did so much so fast and everyone was on board because they saw where we would be 1-3 months down the road. With this tax, it sounds high but let me get something out. If we toss $150-200,000 rewards to some farm, it devalues the token. If we toss 200% API to somebody, it devalues the token. What you want to do is you want to utilize a supply that’s bought for those things. You don’t want to utilize supply that’s off the market because your price is actually determined by on-market supply. It’s not determined by off-market supply so if you have on-market supply of like 20% of the entire token and you inject 10%, it devalues the token by 50% naturally. When you utilize the stuff that’s just on the market, you’re playing a different game, you’re rewarding people with tokens that are already paid for. That is really important. That’s the reason why these inflationary tokens take nose dives when the market goes down, because they’re minting tokens and then there’s nobody there to buy them. That’s why six zeroes, eight zeros is a bad idea because when that momentum slows down, you’re all going to lose your money. That’s why mean supply is a problem because >90% of you are going to lose money on those projects and you have lost money on projects like that. The 10% tax is to keep that supply circulating, not introducing more supply which is a huge mistake and I’ve made that mistake already. I don’t want to make it again. Will the tax come off at some point? Yes, when the supply gets below a certain point voted on by the community, the tax can come off and there is a feature in the contract to remove it.

12. According to the white paper, Star and Popular tier would have to share their tier allocation together. What happens to the unclaimed allocation?

Simon: The whitelist component has a portion of the supply so the reason why there’s a weightless component is to give people a taste. If you give someone ice cream that they’ve never had before and you say “I want you to pay ten dollars for this”, they’re not gonna pay ten dollars for that ice cream but you’re gonna be like “That’s a really good ice cream, you’ve never had that ice cream before, the flavors, everything are so wonderful that I think you should pay ten dollars for us” and they say “I could pay 50 cents for an ice cream bar. Why would I pay ten dollars?”. When you have a white list where some people can be randomly selected, you got the opportunity to say “Hey, you’re going to get a small taste of this and then you’re going to want to spend ten dollars”. That’s the idea with the white list. In terms of the Star and Popular tiers having to tier allocation together, stay off the top. Nobody’s a megastar, superstar, or star and people are just unpopular because there’s a low TGI. Then the supply that is unused from the top ones trickles down to the bottom ones. If there’s 10,000 people in a popular tier then it’s gonna be evenly distributed amongst the popular tier if there’s nobody in those higher ones. The idea is over time, people are gonna build their tokens up, they’re gonna hold them so that they can get those main allocations which is also going to provide larger dividends then people are going to want to make it into that top tier. That’s the end goal for people who love to participate in IDOs, particularly investment groups that have 10-15 wallets because we’re not doing KOIC. I think when you see 61.5% of total allocation, that’s the ideal figure, it’s not a set figure. If you have megastar participants that are taking up that supply, you’ve probably fulfilled your objective. If you don’t then those allocations are going to be going down to the lower tiers and it’ll increase the amount that each person is able to purchase per IDO for those amounts in those tiers.

13. HarmonyPad will have anti-sniping bot technology; has this technology been used in previous projects, and how does it differ from existing technologies?

Simon: I’m gonna turn around for half a second and you can see, Solid Group. They are the leading company in anti-bot technology. I’m not so sure HarmonyPad needs it because of the 10% sales tax because the bots aren’t going to be attracted to that. The reality is that the redistribution figures would be so high if there were bots on the project and then the redistribution figures would allow people to sell their tokens higher which would eat away the liquidity. So obviously you don’t want the bots because it would cause problems ultimately. What I can say is that we do have Solid Group as a partner for a reason, because they’ve been very successful in their anti-sniping bot technology. We actually had our main developer develop the contract and so on but the bot technology is run by Solid Group. The previous IDOs that Oxbull’s launched, Oxbull hasn’t had any issues, that’s why they’re so heavily trusted. As people may or may not know, Yushi from Oxbull is the one that brought us into their IDOs and we’ve basically grown as a Oxbull product. We got Oxbull because Oxbull’s done a wonderful job with that and partially because of that block control, people trust their IDOs to be successful and not dumped to extreme. If you look at their past 10 IDOs, the majority of them haven’t tanked, especially on launch. That’s primarily because I know how the bot system works but the bots don’t know how the bot system works and it’s always changing. When we go and we’re doing a deployment, we’re working together as a team and we work quite efficiently to make sure that everything that needs to be blocked out, is blocked out and we notice and recognize immediately. Not only that, we track all the other projects and recognize what bots there are and what thoughts could happen. There’s a lot that goes into it and yes, there will be that technology implemented. It’s only for 2-3 hours but that’s the time that these try to really hurt projects and we don’t want that happening, especially PancakeSwap. PancakeSwap’s so reliable, there’s huge user base, they don’t really get hacked, they do a great job but these bots need to be taken care of, they need to figure out a way to stop them somehow. Ever since essential exchanges and dex has introduced these aggressive bots, it’s been hurting a lot of low-cap projects that deserve to go up a bit higher but don’t have that leverage because the price impact is too high when these bots come in, and buy, and then sell. Which is primarily why the bot technology is so effective because it reduces that impact, especially when you have a sell limit not off the top and then not just a sell limit but a cool down period. Those cool down periods basically shut the bots down because what they want to do is buy and sell quickly. They don’t want to wait five minutes to do something.

CONCLUSION

Up to now, HeroFi has had outstanding growth with an ever-expanding ecosystem, promising to thrive in the near future. 

Disclaimers: Writers’ opinions are solely their own, and do not constitute any financial advice, investment advice, or trading advice.

BSC Army strongly recommends that you do your own research, and seek professional advice from a financial advisor where appropriate.

Related Posts