Recapitulation of BLACKHOLE PROJECT AMA event held at AMA LOVERS CLUB.

6 min readApr 27, 2021

Recapitulation of BLACKHOLE PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Tuesday, 27th April, 2021
Time: 10:00 UTC

The BLACKHOLE PROJECT team was represented by @Sam_BlackHole and @BlackHoleProtocol who judiciously shared with us detailed knowledge and information about BLACKHOLE PROJECT.

1st Segment: INTRODUCTION

Q1: Can you please introduce yourself and your background, also introduce the team working on BLACKHOLE PROTOCOL?

ANS: Sure, let me Introduce Myself First!

I am the CMO of this great project i.e. #BlackHole Protocol. I am very happy to be a part of this Project. I have around 5 Years of Experience in the Blockchain Industry. I have completed many great projects, I have done ICO, IEO & most of the project is already #MOON & tradable asset on different Exchanges.

I have a very deep connection with #Crypto Jane & other Cryptocurrency Celebrities. I am also the owner of a Marketing Company in India & USA.

My main competencies in digital marketing, social media marketing, and product advertising bring a lot of value to all our valuable clients all over the world. My team is full of young entrepreneurs. We are committed to the #success of every project we work on.

This is all about Myself, Let me Introduce our Great Project- #BLACKHOLE Protocol.

BlackHole Protocol Is an approval-free decentralized & cross-chain burning protocol.

This cross-chain burning platform is based on the Ethereum network. If I explain to you in more simple words, Any user or project governor could create a burning pool by holding #BLACK permanently burn the old Token into a new #Token, and gaining a new ecological vitality.

Blackhole protocol originates from Etherium network and gradually radiating to Polkadot, BSC, Heco, Sol, and eventually the whole blockchain world.

We have a very big Internal as well as an External #Team! We have a very good Technical Team!

Q2: Can you introduce BLACKHOLE PROTOCOL, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?

ANS: Nice Question, let me pull some information! 👌

Competitive Advantages of BLACK HOLE PROTOCL---

1) All of the below platform are strategic cooperation partner with BlackHole.
Helmet, ChainSwap, WeStarter, Bounce & Gate.io & MXC Exchange

2）Operation plan:
Seed Round→ Ambassador Investment Round→IDO R1&R2→LBP

3) All of the token in the private equity and IDO stage will be released based on the releasing rules after LBP.

4) After LBP, we will provide liquidity on #Uniswap, #Pancake and MDEX Exchange. (For the reason that IDO、IIO、LBP are on different chains)

BlackHole Protocol Is an approval-free decentralized & cross-chain burning protocol. It's a Burning Protocol & we take this word from the great "BLACK HOLE Theory" which showed that when a massive star dies, it leaves behind a small, dense remnant core.

We choose #BLACKHOLE as it's a great & renowned theory, we also want to make #BLACKHOLE a Great & successful project in Crypto Space. 🔥 🚀

Q3: Can you give some explanation about the "approval-free decentralized and cross-chain burning protocol "?

ANS: I explain to you in more simple words, Any user or project governor could create a burning pool by holding #BLACK permanently burn the old Token into a new #Token, and gaining a new ecological vitality.

Which token is the new token?

The old Tokens that your Burn while Holding #BLACK tokens will completely transfer to a New Token! 🔥

Q4: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?

ANS: The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token.
The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.

And we've supported cross-chain burning since v1

#Blackhole protocol is designed with NFT concept and cross-chain support. With the tight timing, Blackhole protocol will start NFT rewards and cross-chain burning, making a solid foundation for penetrating a wider and larger ecosystem.

Q5: Can you briefly describe your PARTNERSHIPS so far?

ANS: BlackHole Protocol work closely with support partners including Bounce.Finance, WeStarter, #Helmet.Insure, ChainSwap. They to provide a more support & resources to create an approval-free decentralized & cross-chain burning protocol.

BlackHole Protocol has closed the strategic funding round with participation from #NGC Ventures, #Power Law Capital, AU21 Capital, X21 Digital, ShinChan, #Oasis Capital, Crypto Times, 0xAlpha Capital, and BigCoin Capital.

These all are the Partners of BlackHole Protocol & in near future, we will provide liquidity of #UniSwap, MDEX Exchange & on #Pancakes, more partners will be on board in the future.

Please visit the Medium link for more information.

( https://blackholeprotocol.medium.com/blackhole-protocol-closes-strategic-round-to-create-an-approval-free-decentralized-cross-chain-c55211d04376 )

These all supported partners work as a Backbone for #BlackHole Protocl 🔥 🚀

Q6: Can you give an overview of your Tokenomics, and the UTILITY of the $BLACK Token?

ANS: Thank you so much for your effort & support! 😍

Token Information

Token name: BlackHole Protocol

Token symbol: BLACK

Max Supply: 100,000,000 BLACK

Token Type: ERC-20
Token Contract: 0xd714d91A169127e11D8FAb3665d72E8b7ef9Dbe2
Private Sales Price: $0.05
Farming 50%
Eco Fund 10%
Development Team Fund 10%
Marketing 5%
Initial Liquidity 5%
Seed round 5%
Ambassador round 10%
IDO R1 1%
IDO R2 1%
LBP 3%

Trading starts time: April 29th 13 :00 PM(UTC)

The Tokenomics of #BLACK Token is great to achieve success in the Crypto Market. #BLACK will provide the value in Crypto Market as well as transparency!

2nd Segment: LIVE Questions

Q1: What are different between governance V1.0 vs V2.0? When they will come?
https://twitter.com/akter_amely/status/1386987457049071617?s=19

ANS: The functionality implemented in our V1 version is the basic functionality, supporting the burning pool of a single token.

The functionality implemented in version V2 is to support NFT burning for the 1155 protocol.

And we've supported cross-chain burning since v1

Blackhole protocol is designed with NFT concept and cross-chain support. With the tight timing, Blackhole protocol will start NFT rewards and cross-chain burning, making a solid foundation for penetrating a wider and larger ecosystem.

Q2: What is your motivation for creating a $BLACK token, and what will I see in the future regarding your project? How do token holders benefit from these tokens?
https://twitter.com/amaloversnews/status/1385982058095386627?s=19

ANS: Here is the Benefit to Hold BlackHole Protocol-

WeStarter-

We are announcing that WeStarter will launch BlackHole Protocol on April 28th at 20:00 SGT. Please check the below link for more information -

https://westarter.medium.com/westarter-will-launch-blackhole-protocol-black-on-april-28th-at-20-00-sgt-whitelist-is-open-now-bc4884d9f8cd

MXC Exchange -

The 28th Session of the M-Day Program is happening soon. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders to participate in to enjoy discounted prices on project tokens. The project for this upcoming M-Day is BLACK.

Please check the below link for MXC Exchange -
https://support.mxc-exchange.com/hc/en-001/articles/360060361991

Gate.io

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.
Gate.io Startup will launch its next project with BlackHole Protocol on April 28th, 2021 at 04:00 AM(UTC).

Gate.io StartUp Link - https://www.gate.io/en/article/20471

Whenever we do a cooperative burning with a project we count 1 deflationary cycle

Black Token is a special burning economic system that follows the geometrical progressio convergence model, in which all of Black Token will undergo “deflationary cycle”. After 15 deflationary cycles, the tokens will be left less than 5%, and the value of the token will increase infinitely with the “deflationary cycle”.

Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token.

$BLACK token Public Sale information all in one-page

BlackHole Protocol IIO/IDO/IEO will be launched start from
⚠️April 28th at 12:00 SGT /04:00 AM(UTC)⚠️

HELMET
WESTARTER
BOUNCE
GATE.IO
MXC

‼️ATTENTION‼️
Token Contract: 0xd714d91A169127e11D8FAb3665d72E8b7ef9Dbe2

NO $BLACK token in circulation!
NO one from team offer tokens for sale.

Don’t fall for any FUD or scams.
Always rely on official resources!

https://twitter.com/BlackHoleBurn

https://t.me/BlackholeProtocolOfficial

https://blackhole.black

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