TronTrade AMA Series Presents: BEATZCOIN 2

Next on our AMA series, we have the team behind BeatzCoin a project that is the global marketing platform for digital content producers and their consumers. With their platform VibraVid.io they want to change the way how consumers interact with digital content.

BeatzCoin is currently hosting a Fundraiser Raffle, to create more awarness and answer the questions from the community we hosted an AMA to discuss the BeatzCoin Fundraiser Raffle. Read everything about the Fundraiser Raffle here. Tickets for the raffle can be bought on TronTrade here.

The Ask Me Anything took place on our Official Telegram channel, on the 6th of October at 20:00 PM UTC, and for those of you who couldn’t follow it live, we have transcribed the whole event in this post. Let’s dive right in:

Yorina | BitGuild | TronTrade:

Welcome all to the new AMA from TronTrade. Today we are talking with Steven from the BeatzCoin team, to discuss their fundraising raffle, Vibravid and the future of BeatzCoin. Thank you for taking the time to be here today, Steven. Before we start, may I ask you to give us a short introduction about Beatzcoin?

Steven BeatzCoin [BTZC]:

Our project has 2 main components Vibravid & BeatzCoin. Vibravid, being 1 of the world’s first music and video sharing platforms, which refrains from censorship and demonitiaztion. The second component being the platform’s native token, BeatzCoin (BTZC, which is a trc10 token, originally created on the Tron blockchain.

Yorina | BitGuild | TronTrade:

Sounds good, it’s almost a year ago since we had the last AMA with you guys. What has BeatzCoin been working on in these past few months?

Steven BeatzCoin [BTZC]:

Platform bug-fixes and enhancements have been a priority. We are actually on track to be releasing our largest update since launching 1 year ago. We expect this release to be delivered in approximately 4 weeks.

We’ve also taken a multi-chain approach, where BeatzCoin will be interchangeable between various blockchains. There is currently an erc20 version of BTZC, which is pegged to the trc10 version. We’ve also created a bridge from erc20 BeatzCoin to a SYScoin version of BTZC.

On top of that, we’ve recently finished creating a bridge from erc20 BTZC to a Matic version. Much of this has been done as we continue to think forward, and provide multi-chain uses for BeatzCoin.

Yorina | BitGuild | TronTrade:

So BeatzCoin is expanding instead of only focusing on TRON. One of our traders was a bit worried at this point. What is your commitment to the Tron community? Do you have plans to leave the TRON blockchain and its community? Or will TRON always be the main focus?

Steven BeatzCoin [BTZC]:

Understandable. Sometimes when things are done that are a bit “outside of the box” — confusion can stir. Tron works very well. We have nothing negative to say in regards to the Tron blockchain. We do not have any plans to migrate from Tron. As mentioned earlier, however, we will continue to pursue multi-chain use-cases for BeatzCoin.

Yorina | BitGuild | TronTrade:

Good to hear. So another trader of us, is also an artist. And is asking: ‘’I want to sign up for Vibravid. How do I start?’’

Steven BeatzCoin [BTZC]:

Go to www.vibravid.io, create an account, and begin uploading your content. It’s that simple. Your account includes a Tron-based cryptocurrency wallet that currently supports TRX and BTZC. VibraVid wallets will eventually be enhanced to include and use multiple chains and currencies.

* I must note, due to some tests and current developments, users may experience issues with registration. This, and any other issues that we are aware of will be fixed in the next release.

Yorina | BitGuild | TronTrade:

Sounds indeed very simple, even I can do that. What are your plans to increase BTZC value in the future to be able to compete with other tokens and be on trend? Any plans to list BTZC on other exchanges?

Steven BeatzCoin [BTZC]:

We are on track to begin development for BTZC staking very soon, which may be available by the end of this quarter. We are also finalizing details concerning DeFi elements for BeatzCoin, which I expect to be available in Q1 of next year. Due to our product launch being more of a “Proof of Concept,” we have not put a lot of effort into mass-marketing. We do plan to finally begin attracting more users and influencers once the latest version of VibraVid is released. More users should translate into a greater demand for BTZC. These processes also tie in to seeking out further exchange listings in the future and as we grow.

For now, we generally see our highest trading volume on TronTrade, and will continue to focus on staking, DeFi, and marketing an enhanced platform. Greater exchange listings will certainly follow.

Yorina | BitGuild | TronTrade:
So how does staking BTZC work?

Steven BeatzCoin [BTZC]:

Staking will be simple. The exact ratios, requirements, etc. remain to be unveiled, but I expect that information to be announced next week sometime. We are aiming, however, to provide significant rewards to users who stake for long periods of time.

Yorina | BitGuild | TronTrade:

That’s interesting for the BTZC holders, we will hear that soon then. And the last subject I want to talk about with you is the Fundraiser Raffle. What exactly is the BeatzCoin fundraiser raffle and why was it hosted?

Steven BeatzCoin [BTZC]:

Certain amounts of BeatzCoin are allocated to development expenses, marketing, etc. We were put into a position to come up with a creative way to “sell” a portion of these allocations without having a negative impact on BTZC markets. Here we are with the BTZCr token.

The terms are simple. The event will end when either all BTZCr tokens are sold, or after 30 days (October 24th). When the event has ended, we will promptly take a snapshot of all wallets holding BTZCr.

For each BTZCr token held, the user will enjoy an airdrop of 500k BTZC, and 1 entry into our giveaway drawing. The drawing will be announced, and will be live and transparent.

SPECIAL ANNOUNCEMENT:

BTZCr holders will enjoy an airdrop of 500k BTZC. We’ve increased the reward!

Steven BeatzCoin [BTZC]:

The proceeds will be contributed to all around expenses but more specifically — to accelerate the development of staking, DeFi, and VibraVid mobile applications on both Android and iOS!

Yorina | BitGuild | TronTrade:

Woow nice, so I buy a ticket for 5000 TRX. And in return I will receive 500k BTZC AND a chance in the raffle on the rewards?

Steven BeatzCoin [BTZC]:

Exactly!

Yorina | BitGuild | TronTrade:

And how will this work, what do I need to do?

Steven BeatzCoin [BTZC]:

A user simply needs to buy and hold at least 1 BTZCr token, which can be purchased on TronTrade for 5000 TRX. We will then be ending the event when either all tokens are sold, or on October 24th, whichever comes first.We will promptly take a snapshot of all holding addresses. These addresses will be added to a shared spreadsheet for everyone to see.We will then announce the day/time of the LIVE drawing. 500k BeatzCoin will be airdropped for every BTZCr token held, and winners will be selected live. Prizes will then be promptly sent to the winning wallet addresses.

If you hold more than 1 BTZCr — your address will be added depending on how many BTZCr tokens you hold. If you own 3 — your address will be included 3 times. And $2000 USDT is the Grand Prize!

Yorina | BitGuild | TronTrade:

Ok, so users can buy as many tickets as they want?

Steven BeatzCoin [BTZC]:

Correct! If a user has 10 BTZCr, they will receive 10 times 500k BTZC as an airdrop, and have 10 entries into the contest!

Yorina | BitGuild | TronTrade:
So, why shall I buy an ticket for the raffle?

Steven BeatzCoin [BTZC]:

First and foremost, you’re helping contribute to a great project and cause by buyinng BTZCr. At the current market price, you are actually getting 500k BeatzCoin at a discount, and basically entering our giveaway contest for FREE! There are over $10,000 in prizes, including a top prize of 2000 USDT!

Yorina | BitGuild | TronTrade:

All seems very clear to me, so I think we reached the end of the AMA. Or is there anything else you want to share with the Trontrade community that we haven’t discussed?

Steven BeatzCoin [BTZC]:

I have a few things to note:

-I’d like to note that BTZCr is nearly 50% sold.

-There is currently a Liquidity Pool available for TRX — BTZC on CCtips, where Liquidity Providers can earn from transaction fees.

-The BeatzCoin Medium channel provides weekly development updates, as well as other project-related news.

-We have been actively planning a use-case for the BTZCr token. So, stay tuned for that!

Yorina | BitGuild | TronTrade:

Ok, you mean after the raffle?

Steven BeatzCoin [BTZC]:

Yes. A dear member from our community recently suggested we add a use-case for the token. We’ve only been brainstorming for a couple of days…but we are going to work something out. 😃

Yorina | BitGuild | TronTrade:

Oh that’s for sure a great idea, we will stay tuned on all updates, Lot of things in the pipeline for BeatzCoin!

Steven BeatzCoin [BTZC]:

Also, BeatzCoin does have a community-driven VIP channel, where we discuss ideas, news, etc. Proguerra is the contact for that, and currently, the community has decided that the requirement for entry is verification of holding at least 2 million BTZC. Looking forward to what seems to be a new upward trend for the project, beginning with the release of our latest VibraVid update.

Yorina | BitGuild | TronTrade:

Perfect. Many thanks for taking the time to answer some of the questions of our community. And goodluck, keep on the good work for Beatzcoin.

Steven BeatzCoin [BTZC]:

I want to personally thank everyone from BitGuild / TronTrade for this fantastic opportunity! Thank-you very much for having me!

AMA CLOSED

*Disclaimer: The BitGuild team edited the raw transcript to a more clear and grammatically accurate language.

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