BUSY –CryptoVerse AMA Recap
Date : 20th April 2021
Guest : Robert Michálek - Co-Founder & CTO
Q: Please briefly introduce yourself and @busy_official to our community?
A: Hello Everyone . My name is Robert Michálek, I am CTO and Co-founder at Busy Technology. I have been working as a freelancer for many years developing websites, e-shops, CMSs and web apps. I was asked by Vladimir to join Busy idea a year back. Since then, we are all together and developing Busy .
Also about the Busy team. We have got 8 members and we are all based in Prague, Czech Republic. We have been together already a year when the idea of Busy arose. We do have plenty of advisors in the team to extend to various markets and boost the development. We are backed by many strategic partners and investors to extend the market even more and work in synergy for the long run.
We successfully closed both pre-sale rounds altogether and we are heading now for a public sale tomorrow .We will have duo: IDO on Poolz and IEO on MXC. Busy DAO is an engine for B2C/C2C platforms with cutting-edge blockchain technology, DeFi solutions, Utility Staking, and NFTs. Many new platforms can be built on the Busy DAO Engine as the Engine will be available to everyone who will see an advantage in it through Smart Contracts — fast, scalable, and without expensive fees.
The project aims to create an ecosystem of global decentralized and exclusive platforms in the first stage focused on the gig economy that will compete with the current centralized giants with exclusivity, offered quality of services, and benefits associated with decentralization.
Q: I am intrigued by the name of your project so could you tell me what is the origin of it and what does it have to do with your project in general?
A: Busy was chosen in regards to making freelancers Busy (in a good way). Our first market where we want to bring the solution is the gig economy because we believe our solutions can bring new approaches to space and solve crucial problems here.
Many problems in freelance can be solved by blockchain technology, mainly problems like centralization, censorship, quantity over quality, low-quality, overcrowded and spam offers, high fees and much more.
Q: What effect does $BUSY have on BUSY ecosystem? Holding $BUSY , what benefits will users receive ?
A: Our ecosystem model is made to incentify users to use the token for the utility, e.g., Utility Staking, participate in the network distribution, benefit from it and provide additional liquidity to the ecosystem by creating staking rewards.
Token holders will be able to participate in the voting governance and be part of the whole ecosystem. They can lend or rent the slots (space), support the network, etc.
For stakers, the main benefits are occupation of the space on the platform, 33% of a staking reward, and many more.
Q: Every similar project has their own governance system where the community can playing a role so they can feel more safe. Can you describe about Busy Technology governance system? Who is in charge of governing the system, what is needed to be eligible for being authorized?
A: We believe that the best solution is to let users decide which is best for their needs, eliminate any middleman and implement DAO solutions with unique technical and economical solutions that can naturally preserve quality and eliminate low quality and spam offers.
So in the Busy solution, the ecosystem users will stand in a position of decentralized governance. Users will have voting rights in terms of the future development of the platform, but also, the users on the platform will be randomly selected from blockchain to the potential dispute between two users.
Q: What are the current problems that $Busy project trying to solve? Do you think that DeFi will disrupt the existing financial system? What is $Busy approach towards the DeFi sector?
A: Busy is trying to solve a lot of problems through leveraging Web 3.0 solutions. Currently, there are some centralized solutions for freelancers, but all have the same problems in common: centralization, censorship, quantity over quality, low-quality, overcrowded and spam offers and mainly high fees (somewhere it is more than 30%).
Blockchain can mitigate the problems in a decentralized way and, moreover, as already mentioned, the users will be part of the ecosystem and they will be included in the future development, they will be randomly selected from blockchain to decide potential issues between the freelance and end-user and so on.
Yes, DeFi will certainly disrupt the financial sector. It’s happening now. Busy is working on its DAO decentralized solution. It is difficult to estimate at this time how Busy will affect the DeFi.
Q: What makes $BUSY Different from your competitors?
A: Well, in terms of technology, there are no competitors. The concept of Utility Staking on DAO platforms is new and unique; nobody is using it in the current mainstream solutions.
In terms of the market competitors, there are only centralized competitors in the gig economy (like Fiverr, Upwork etc.)
Q: Could you please give us an overview of roadmap? Which event do you think will give pace to your project? And why?
A: Feel free to check our roadmap on our website:
Busy Technology - Meet the next generation of DAO
Busy brings you closer to the future of decentralized e-commerce
The closest even is public sale tomorrow, another next will be definitely mainnet in the mid of this year and the platform.
Q: At the moment , where you are focusing right now ? Building and developing product or getting customers and users, or partnerships? Could you share it?
A: We are doing everything at once . We are developing the testnet, together with that we do have discussion with strategic partners as they are really important for the future of the project.
Q: Are you a global project or local project? Can anybody anywhere use your project without any restrictions?
A: Yes, Busy is global project and everyone who would like to build a platform in the future on the Busy blockchain will be able through smart contracts. No restrictions.
Q: Projects that are not traded on major exchanges remain unnoticed. What do you think about listing the token on the leading exchanges?
A: Definitely. We have got already some exchanges and we are negotiating with others. Listing is important and we would like to offer the users to purchase the token as on many platforms as possible.
Q: I think I got a little lost, what is the anti-spam feature for? What risks are there that this solves?
A: It is a simple but clever feature to avoid spammers being on the platform. Or, if so, to be really expensive for them. As every message sent will cost a token and spammer multicast message to thousands of users, he spent thousands of coins. But if there is a conversation between two people, they are just exchanging the same coin.
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