AMA RECAP
CRYPTO CASTLE × BIDEN BUCKS
Venue : @CryptoCastle_Club
Date : 5 th July, 2021
Time : 2 : 30 PM UTC
Guests : Frank Ingvaldsen ( Community Manager ) & Juliana Biden ( Lead Developer )
Mr. Frank Ingvaldsen & Juliana Biden gave us a well detailed insight into the Project and Unique features of Biden Bucks…
SEGMENT 1️⃣ — INTRODUCTION
👋Hello Chat , Welcome to a special AMA session with BIDEN BUCKS😍
Let’s welcome the special guest
Mr. Frank ( @herrfrank ) & Mrs Juliana (@JulianaBiden) from BIDEN BUCKS team to this wonderful section💐💐
Frank Ingvaldsen ( Biden Bucks )
Thanks for the opportunity. Excited to be here with you guys 🙏
Q1) Can you tell us a bit about Biden Bucks and the team behind the Project...??
Frank Ingvaldsen ( Biden Bucks )
Sure. The idea behind Biden Bucks came about because the team shares the same progressive, liberal values. We all wanted to create a project that tries to leverage cryptocurrency to bring about positive social change. When we saw there was a token dedicated to re-electing Trump we knew we had to create something that pulls in the other direction.
The team itself consists of Juliana, myself and six others at present. My name is Frank Ingvaldsen and I'm the community manager and spokesperson and to inspire faith from our community I chose to doxx myself. Juliana is our lead developer and while she's not doxxed herself publicly she has done so to me and I fully trust her. Our skills are diverse, from Juliana who's a software developer, to myself that has years of management and sales experience and have been active in local politics. We also have marketing, design and media creation experience in our team.
And for anyone wondering how I type so fast, I had some time to prepare answers beforehand 😉
Juliana Biden ( Biden Bucks )
Frank is the heart of the project - he has so much integrity it is inspiring 😀
Q2) What are some of the features and Utilities of $BIDEN....??
Frank Ingvaldsen ( Biden Bucks )
Short and sweet answer here;
The idea behind the project is to contribute to positive social change. Positive for us means left-leaning progresive action, so know that before investing ;). Instead of being about charity, which is a noble cause for sure, we want to contribute to political change instead. Whether that is through direct contributions to politicians our community likes or through spreading awareness about progressive causes etc.
Juliana Biden ( Biden Bucks )
I would add that it’s also partly a response to the shock of the trump presidency - that western democracy started feeling far less secure after
Frank Ingvaldsen ( Biden Bucks )
Absolutely. The idea that our democracies can so easily be manipulated by con-men is very scary to us.
Q3) Can you share us the Tokenomics of $BIDEN...??
Juliana Biden ( Biden Bucks )
I’ll take this one :)
There are 10bn Biden tokens, About 15% are burned
9% are founder tokens - locked initially for a week, then again for a month. These will be locked again in August and we’re figuring out how long to lock for.
And then every transaction has a 9% tax which breaks down as
3% liquidity provision
3% reflection to all holders
3% for marketing and to support causes
Q4) How does Biden Bucks plan to attract more users Globally...??
Frank Ingvaldsen ( Biden Bucks )
Well, through delivering on our promises and being open, honest and transparent about our cause. We believe that people who share our values will join the cause. We have of course spent some marketing funds on the standard crypto stuff like poocoin ads, CMS posts, shilling and the like. But we believe that the word-of-mouth and community organising is the most powerful tool possible to get the word out. You’d trust a friends recommendation more than a paid ad after all. We don’t deny that it will be a long term process and we won’t be going parabolic overnight. This is a project that we will work on for a long time to come.
Q5) Can you share us some of the Future plans of BIDEN BUCKS and also the Roadmap...??
Frank Ingvaldsen ( Biden Bucks )
The process of reaching out to the progressive community has started and we are actively seeking out the first causes and organisations to contribute to. Replies so far have been positive and while we don’t have anything concrete yet, we hope to get started with our mission of social change as soon as possible.
A specific roadmap is not fully complete yet, mostly as we don’t like making promises we’re not absolutely sure we will be able to keep. We have one on our website but that is not fully complete yet :)
There are a number of ideas we’ve discussed including having some cool NFTs and a marketplace for them since that is popular these days. I want to stress that this is not in any way a sure thing though. It’s still very early in the process.
SEGMENT 2️⃣ — TWITTER QUESTIONS
Q1) From @Sanaf57243141
I have read in your site that $BIDEN is something different on BSC . My question is what all Features make $BIDEN something different and special on BSC?And What is your strongest advantage that you think will make your team leading the market?
Frank Ingvaldsen ( Biden Bucks )
While our tokenomics isn’t unique or special, there are hundreds of reflection tokens after all, we are one of the only (if not the only one) projects to be dedicated to left wing progressive politics specifically. As far as I know at least :) Our strongest advantage is for sure our integrity. We want to be as open and transparent with our community as possible. We belive that honesty will make our community trust our intentions and our project. ☺️
Juliana Biden ( Biden Bucks )
I would echo that our community’s trust is 100% the most important thing to us. Way more important than getting a quick pump.
Frank Ingvaldsen ( Biden Bucks )
For sure. Long term is the game for us 👍
Q2) From @AhmedSamna6
I would like to know if you’ve completed any security audits? Perhaps by third-parties? We’ve seen dozens of hacks, exploits and stuff like that this year, What measures have been taken to protect FLAT community from it?
Frank Ingvaldsen ( Biden Bucks )
We have already reached out to Certik for an audit of our code a while ago. We haven’t heard back from them actually and I imagine they are incredibly busy. If we don’t get a reply from them we’ll approach other auditors. The trust of our community is very important to us and we want them to feel certain the code is secure. 😊
Juliana Biden ( Biden Bucks )
this is high on our TODO list!
Frank Ingvaldsen ( Biden Bucks )
There’s so many new projects in the crypto space that auditors are completely swamped with work. We’ll have our code audited as soon as possible 👍
I’ll also remind the community that I am fully doxxed with a video in our TG group ❤️
Juliana Biden ( Biden Bucks )
Given that we don’t have farms or any fancy functionality like that, the chance of an exploit is very low. So it comes back to trust again, and with Frank doxxed, and I have doxxed to Frank, and no one else has the controls :)
Q3) From @Aravind75154890
In your website it is said that Biden Bucks token fight for right of LGBTQ Community. Can you briefly explains the strategies put forward to help them raise their voice for equality? Being a supporter of your cause how can i contribute? Is their any special requirement necessary?
Frank Ingvaldsen ( Biden Bucks )
This is a cause that is dear to me as I have family and friends that is LGBTQ ❤️
For sure! We want our brothers and sisters of minority sexual orientations and gender expressions to have the same rights as us all. We plan to contribute to organisations fighting for those rights. You can contribute by spreading the word about the project and helping us help the community :) There is no special requirement to help support the cause.
Juliana Biden ( Biden Bucks )
buy and hodl is one thing you can do🥰 also, optionally, come to our TG and have a voice in how we support our causes
Q4) From @abinjoseph121
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours?
Frank Ingvaldsen ( Biden Bucks )
Our team were acquainted through a different crypto project before we made Biden Bucks and one of the triggers that made us go ahead was finding out about the Trump token. When we saw there was a project dedicated to alt-right politics we knew we had to create a counter-weight to that.
Maybe not the most interesting origin story, but here we are anyway 😊
Juliana Biden ( Biden Bucks )
there’s a coin out there pledging 1% to get Trump re-elected and we thought there has to be better, more progressive, ways to utilize generated Crypto income!
Frank Ingvaldsen ( Biden Bucks )
We didn’t want to sit idly by while someone used the crypto space to promote far-right politics and not do something about it 😉
Q5) From @Riyas28966984
Why did you Choose Biden ??
Why not other Great American Presidents...!!
Frank Ingvaldsen ( Biden Bucks )
Biden’s election win against Trump turned him into a symbol in the fight against far-right politics and potentially marks a shift in the global politics as the U.S still is very influential on the global stage. We wanted to tap into that and use the momentum to propel positive change through a crypto project. Also it’s funny and memeable 😁
Juliana Biden ( Biden Bucks )
this is a great question! It’s not because we think Biden is one of the all-time greats, it’se about how he’s a response to his times. And I have to say, I love the memes
SEGMENT 3️⃣ — LIVE Q & A
Q1) From @dinkan_jnr
Most of the projects now a days do burning !!
Are you doing token burning?? tell us something about your token burning ?
Juliana Biden ( Biden Bucks )
Yes! We’ve burned 20M this week i believe - with much more to come
Q2) From @iizabila4
Q) Which do you think is more important:
A. Community
B. Investors
C. Token Price
If all of the above is important to you, which should come first?
Thank 🌹
@herrfrank
_
Frank Ingvaldsen ( Biden Bucks )
Our community and our investors are one and the same I feel. And we think that by treating them well and being open and transparent everyone will benefit from the token increasing in value ☺️
Q3) From @killer_been11
LGBTQ Rights, Affordable Healthcare, Upholding democracy, Press Freedom are some of the main causes you support. My question is what role does $BIDEN
play in achieving this? Is $BIDEN a governance token? On what kind of decisions can they vote on about the project??
Juliana Biden ( Biden Bucks )
We have a wallet that collects 3% tax on every transaction. We’re looking at how we can use that, but it will basically align to everything you’ve said here 😍
Q4) From @Pronoex
What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
Juliana Biden ( Biden Bucks )
1. (definitely number 1) growing our community - we think we have a genuine and strong audience, we're just trying to find them and have them find us
2. supporting our first cause.
3. growing our marketcapNB. these are my opinions but i’m pretty sure the team has approximately the same values 😀
Q5) From @Shbkt8113
Please mention some of the key features which make this project more beneficial than other competitors in the market. And also what are the best modes for purchasing or from where we can purchase the coins?
Frank Ingvaldsen ( Biden Bucks )
If your politics are left leaning and progressive there’s no other project in crypto like this. ☺️ Our integrity and openness is key to what we’re trying to do.
Currently we’re listed only on PancakeSwap but we hope to get listed on CEX platforms in the future
Q6) From @MOhameD21a
🟣What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Frank Ingvaldsen ( Biden Bucks )
The most ambitious goal and ultimate vision of the project is to help bring about positive social change in the world ☺️ We want to promote and empower progressive causes and values and use our project to do so.
Q7) From @Muhammed786c
What security and transparency model will your project implement to demonstrate to its users that donations are made in a transparent and fair way? Will the community have the role of proposing and voting for charity proposals of their choice?
Juliana Biden ( Biden Bucks )
This is a great question and we’re open to suggestions. Firstly the contract and associated wallets will be multisig. And we are looking at ways we can involve the community in decision making wrt causes
Q8) From @Shbkt8113
Cross chain compatability is very important to the development of a project. Does Biden Bucks have an interoperable infrastructure that will support multiple blockchains?
Frank Ingvaldsen ( Biden Bucks )
Currently there is no cross-chain functionality in our project. And our goals doesn’t really rely on that to be successful either 👍
Q9) From @Delenarohr
Q. Partnership and community are the key to the success of projects, can you tell me How BIDEN will expand the partnership and which markets will BIDEN focus on?
Frank Ingvaldsen ( Biden Bucks )
We are reaching out to the democratic progressive organisations and will look to support as many of them as possible. We are initially focusing on the American and European markets but that will hopefully expand in the future as we grow ☺️
Q10) From @luckyboy0305
Covid-19 has a bad impact in almost every sector. So, as a crypto projects how did it affect you? How you and your team have done the work in the pandemic?
Juliana Biden ( Biden Bucks )
Personally I’m very fortunate to be a software engineer. So the biggest professional impacts have been that all my meetings are over Skype, and I no longer have to commute 😅
I don’t think it has affected our project except that we all have more time to give to it
Q11) From @Davidbolling
What is driving you & your team to ensure BIDEN BUCKS succeeds and What do you consider to be “success” for BIDEN BUCKS?
Frank Ingvaldsen ( Biden Bucks )
Driving us is a strong sense of social duty to progressive values. Success for the project would be helping to bring about positive social change, however small it is ☺️ We’re not arrogant enough to say we are going to change the world, but if someone’s lives can be made better due to our support then I feel we’ve been a success.
Q12) From @Mizanur0099
How can I trust Allocated Time project? If you can give any proper information about it, I would like to invest in your project.
Juliana Biden ( Biden Bucks )
Come to our TG, go to the website bidenbucks.money - check Frank’s videos and doxxing. Check the promises we’ve made and how we’ve kept them. We think this is our strongest point and wholeheartedly suggest that everyone come and check us out
Q13) From @tryonto1
While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
Frank Ingvaldsen ( Biden Bucks )
Absolutely. We want to listen to our community as much as possible with regards to the future direction of our project, as long as it fits within the overall mission and goals of the project ❤️
Q14) From @Pronoex
Which one of these aspects important for you?
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
Frank Ingvaldsen ( Biden Bucks )
All of these are related in some way. Building community trust means people will be more comfortable investing, which will increase the token value and help platform development. This will in turn make it easier to attract partners as the project grows in reach and size ☺️
Q15) From @IdaRenteria
What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
Juliana Biden ( Biden Bucks )
We would love to get non-crypto ppl into the project, we think we have a big potential community out there. Unfortunately it’s quite difficult, but we are persevering, contacting organizations who we feel are aligned with our values and building our social media presence.
We think the value in the token is essentially in the community, so in building one we build the other
Q16) From @Arnavx5
While seeing your Roadmap I found you will also get into the NFT empowered platform, So What type of platform it will be like supporting social causes or anything else?
Frank Ingvaldsen ( Biden Bucks )
This is still in the very early phase, but yes, we would love to create some cool NFTs for the project. A nice way of doing things would be to have funds made from NFT sales go towards supporting progressive causes and actions 👍
Q17) From @luckyboy0305
Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project? thank you....Is your project listed on coingecko and coinmarketcap or not???
Juliana Biden ( Biden Bucks )
I, Juliana, lead developer, am a software architect in the payments industry (after being a software engineer for many years). We have an amazing graphic artist, one of the best community managers around (Frank)
We aren’t on CG or CMC yet, but we will get there 💪
Q18) From @SPIDERMAN735
Are you working with social media influencers because it is important for a Project to reach new users?
Frank Ingvaldsen ( Biden Bucks )
It’s something we’d like to do if we can find the right person with the right values for the project. Our marketing budget is limited atm though, so any large influencers would be a thing for the future, unless they decide to support us out of the goodness of their hearts that is ☺️
Q19) From @akla_nazmul
Those Investors & Partners, who have invested in how will you make sure that they get good returns & how will you Protect the Busy for them?
Frank Ingvaldsen ( Biden Bucks )
While we cannot guarantee return on investment we will absolutely commit to working with every free hour we have on the project and doing all we can to make it grow. I plan to work on Biden Bucks as a side job for years personally ☺️ We won’t abandon our community.
Q20) From @Homergreer
Community support is one of the biggest factors for the success of project. What has the BIDEN BUCKS planned on increasing the user experience?
Frank Ingvaldsen ( Biden Bucks )
By providing a healthy, happy community for everyone to feel welcome in ☺️ I believe our investors will see we have honesty and integrity and will help create one of the best communities in the crypto space 👍
Q21) From @damaraureva
🏳️🌈🏳️🌈🏳️🌈 as an LGBT sympathizer, what program are you going to create that intends to help some of the LGBTQ community?
Frank Ingvaldsen ( Biden Bucks )
We won’t be creating a program ourselves as that would take far to much time and energy, but we will definitely help support and contribute to the many great projects and organisations already working for LGBTQ people everywhere ❤️
Q22) From @MOhameD21a
🇺🇸🇺🇸 Hello.... Lots of solid projects with good token utility and infrastructure but underperforming due to investors dumping after listing on the first exchange. So, How do you prevent early investors from throwing away your tokens? What strategies do you use to make investors believe in the utility of your tokens?
Juliana Biden ( Biden Bucks )
This is a tough time on BSC (and elsewhere) all we can do is build our utility. We think we have something unique and valuable, and we’ll keep working until the rest of the world finds out the same 😄
Q23) From @Lylibelle
Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about? Many projects start but get stuck along the way, could you tell me if you plan to stay active and offer projects and opportunities to the community in the long term?
Frank Ingvaldsen ( Biden Bucks )
1. Our transparency and openness with our community.
2. The rewards based tokenomics that encourages holding.
3. Our cause of contributing to progressive left wing politics is unique in crypto.We are dedicated to this project long term and plan to work on it for years to come ❤️
Thank you so much for all the questions guys 🙏 I’m sorry we won’t be able to answer them all in this one session but do join our TG if you are interested in our project and we’ll try as hard as we can to get back to you all ❤️
I’ll take a few minutes to select five questions now for the rewards so bear with me for a little while ☺️
