Recapitulation of BILLHWANGFINANCE PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 19th May, 2021
Time: 9:00 UTC
The BILLHWANGFINANCE PROJECT team was represented by @FaevDaniel who judiciously shared with us detailed knowledge and information about BILLHWANGFINANCE PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on BILLHWANGDEFI?
ANS: My name is Daniel, and I'm the sole dev of Bill Hwang Finance. I am studying Computer Science in university, and love creating safe smart contracts.
Q2: Can you introduce BILLHWANGDEFI, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
Bill Hwang Finance is a fun yield farm that I created as a meme. It's named after the infamous trader, Bill Hwang. The project has been fully audited by Solidity Finance, The Rug Doctor, AnChain AI audit and Rug Screen, and after the pre-sale, I'll be paying for an expedited CertiK audit as well!
Bill Hwang Finance has NO deposit fees. This has been specified in the contract itself, so it means that I absolutely cannot raise deposit fees; It's always 0%. Anyone and everyone can safely enter and exit the farms and pools whenever they want, no penalty, no restrictions!
We currently have a $50,000 airdrop event happening right now! https://twitter.com/BillHwangDefi/status/1394490711957925891
In a few days, I will announce the details of the pre-sale, which is set to begin on block 7671000. See here for countdown https://bscscan.com/block/countdown/7671000 . Farming starts 1 day after that :)
Most yield farm tokens fall in value because the inflation rate is too high; People want high APR, but dont realise that this will cause oversupply and so token prices fall hard. Bill Hwang Finance has set low emission rates of 5 tokens per block. This means that the project wouldn't be suffering from oversupply, and thus the prices would be more stable. High APR rates + potential for the BILL token to experience massive price rise (MOOOOOON) is what Bill Hwang Finance aims to achieve :)
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: Absolutely. SOme of the top milestones are creating safe BILL token contract and Masterchef which have been audited by both Solidity Finance and The Rug Doctor; It's absolutely paramount for investors to feel that they're safe with Bill Hwang Finance. I've also got an Initial Meme Offering (IMO) platform up ready for future memecoins and meme projects to raise money using BILL tokens.
Additionally, I'm thinking of offering Bill Hwang NFTs. These would be absolutely hilarious meme NFTs that will make you laugh and can be shared with your friends, family as well as Crypto Twitter :)
For now, the current roadmap is a 💵 $50,000 COMMUNITY AIRDROP 💵 event! Everyone is invited to participate and win $100 worth of BILL tokens very easily!
- Like this tweet (https://twitter.com/BillHwangDefi/status/1394490711957925891)
- Follow the Twitter account
- Comment 'Ballin like Bill' on the tweet
- Retweet this post and tag 3 friends.
Q4: Can you briefly describe your PARTNERSHIPS so far?
ANS: I've already applied to CoinGecko, CoinMarketCap, DappRadar. Hopefully within a week or two there'll be favourable news! For now, BILL is only available on PancakeSwap but I'm hoping to add them to more CEXs and DEXs soon after the project has taken off; QuickSwap, Wault, etc would be some great DEXes to add!
Q5: Can you give an overview of your Tokenomics, and the UTILITY of the $BILL Token?
ANS: The token logo is Bill Hwang's face. Handsome eh. There's total supply of 100million tokens, 10 million have been minted for pre-sale, and the price will be at $0.10. I set it so low to allow for more people to participate, and it also means that there's a lot of upside potential! The token starts off very close to the bottom and thus the price rise will be huge. Imagine if it rises to $0.50, that's 5x. If it rises to $1, that's 10x from your pre-sale! Imagine if it goes to $2.50, a common price for most tokens; That's 25x returns 🚀
2nd Segment: LIVE Questions
Q1: With current happenings in the crypto market where you see huge market price fluctuations just as a result of comments of some whales like Elon Musk, users seem to no longer trust projects that have a correlation with just one huge investor. Seeing that you named this project after Bill Hwang, does it mean that Bill Hwang is a major stakeholder in this project?? Do you have plans of preventing whales from getting into this project?
ANS: HAHA Bill Hwang isnt here in this project at all. It's just his face and name, because it sounded fun to use some real-world figures. I wanted this to be a fun light-hearted project where investors can earn high returns and feel safe doing so. That's why it's extremely important for me to highlight that Solidity Finance has completed their full audit, and CertiK will be doing theirs as well after the pre-sale!
Q2: How does the company intend to raise funding, is it from a bank or investors through token sales?
In order to the BILL token, there's need for proof of ownership, what kind of proof of ownership of token do investors receive ?
ANS: There will be a pre-sale that starts on block 7671000 (Countdown https://bscscan.com/block/countdown/7671000). For now, you can also earn free $100 worth of BILL tokens from our giveaway on Twitter.
Ownership of the BILL Token is with the Masterchef, and I own the Masterchef. There's no migrator code, deposit or withdrawal fees, and no rug function. You can confirm it with your very own eyes. I litearlly have 0 ability to rug. I do have to maintain ownership of the Masterchef so that I can add more pools in the future!
Q3: nice project. I checked the staking APR, the return seem to high and look good to be true. will there be an adjustment?
ANS: The APRs are VERY high now because there's $0 staked in them. Once investors have deposited some funds, you will see APR dramatically fall down to more normal 500-1000% returns. It might seem high, but with our low emission rate of only 5 BILL/block, this prevents oversupply of the tokens, hence there should be much more stable price floors for the token!
Q4: From BILLHWANG FINANCE community chat i came to know that you accidentally all the token to burn address. Now you are creating new token. But what's the surety that new token will be fully audited and 100% safe? And will the new token be same or it will be different?
ANS: Oh hang on let me answer this one. I accidentally sent all the previous tokens to the burn address by mistake HAHA so I had to deploy new ones. Solidity Finance has checked teh new contracts and confirmed that they are the same and SAFE.
Very good eye sir :) Yea I was laughing so hard when I accidentally sent all the BILL tokens to the 0x000deaD address, and SolidityFinacne was laughing hard too. In the end we all worked through the new contracts and they've confirmed that the codes are exactly the same :)
Follow Us On Our Various Social Media Communities For More Update;
Website : https://www.billhwangdefi.co/
Twitter : https://twitter.com/billhwangdefi
Telegram : https://t.me/billhwangfinance
Announcements : https://t.me/billhwangdefi
Medium : https://billhwangfinance.medium.com/
The airdrop is live on Twitter (https://twitter.com/BillHwangDefi/status/1394490711957925891) and runs until block 7630000 (https://bscscan.com/block/countdown/7630000)
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