Bosagora AMA Recap with CryptoProfitCoach(6th August, 2020)

🔷 BOA AMA Recap🔷

We organized AMA successfully with Bosagora team on 6th of August, 2020 in our Telegram Group.

CryptoProfitCoach with Sook Hwang, Business Developer at BOSAGORA

Thank you to Band team for choosing CryptoProfitCoach for AMA. We look forward to collaborating more with you in the future.

We made our announcement tweet here — https://twitter.com/cryptoprofitsky/status/1290267246229520384 and questions were asked on telegram by our community members. Our community members submitted more than 500 questions in the telegram group. Wow!

Following is the transcript/recap of the AMA.

Crypto Alexander | @CryptoProfitCoach Never PM for fundsadmin
Hi all community members

I Welcome Ms. Sook Hwang- Business Developer –on behalf of community members to enlighten us regarding BOSAGORA, A project enabler Platform on Blockchain
Be attentive and online :blush:

Sodam BOSAGORA ($BOA)admin :)
Crypto Alexander | @CryptoProfitCoach Never PM for funds
Hiiii all Community members… Hope you really doing great in learning about great project
Sodam BOSAGORA ($BOA) replied: Hi Alex :) Thank you for your warm welcome. My pleasure to be here for this AMA :)

Crypto admin | @CryptoProfitCoach
Really excited for the AMA here with Hon’ble Ms. Sook Hwang- Business Developer

Sodam BOSAGORA ($BOA)admin :))
Crypto admin | @CryptoProfitCoach
Really excited for the AMA here with Hon’ble Ms. Sook Hwang- Business Developer
Sodam BOSAGORA ($BOA) replied:Honor is mine :) Thank you for arranging this and for your time in advance.

Crypto admin | @CryptoProfitCoach
thanks for being here to enlighten us
As per usual, I’ll start things off with some introductory questions before then opening up to the community for Q&A. Top questions / participants will receive rewards = )
Starting out really basic, can you provide a high level description of BOSAGORA platform as well as BOSAGORA Token?

Sodam BOSAGORA ($BOA) replied:
Yes, we do have $100 worth of BOA to award members asking the best questions.
To introduce you about BOSAGORA, it aims to establish a decentralized, censorship-resistant public blockchain platform where Congress Members (part of the decision-making body) can decide on what projects to support through a democratic decision-making process. BOSAGORA pursues the goals of democracy, legitimacy, fairness, transparency, and efficiency.
First created in 2017 and hailed as the very first Korean ICO, BOSAGORA holds the mission of playing a vital role in making a better world with blockchain technology as a project enabler.

Crypto admin | @CryptoProfitCoach
great to know that :blush::+1:

Sodam BOSAGORA ($BOA) replied:
I will share with you more details about our project as we go along :)

Crypto admin | @CryptoProfitCoach
Can you share some of the biggest “lessons learnt” after navigating the crypto ecosystem for over years now? Alternatively, could be lessons learned from your professional experience — but looking to keep it specific to crypto = )

Sodam BOSAGORA ($BOA) replied:
As you have introduced, I am currently the BD at BOSASGORA. To explain a little bit more about my background, I first entered the crypto-scene in 2018 with a project that raised quite a bit of ETH through ICO and now one of the handful projects on Samsung blockchain wallet. I was a marketing team manager there and moved on from Dapp marketing to Main net marketing here at BOSAGORA Foundation. Looking back at the rollercoaster ride that this industry is, I find it quite fascinating, the promises blockchain technology brings and how much it has gone through to prove itself. Everyday is a challenge, fun ride, dynamic, and so fast. There is really no time to hesitate. I enjoy the fun and the challenge blockchain and crypto-industry has brought and also the different pathways they are walking in contrast to fiat. I am sure you would agree with most of my thoughts :)

Crypto admin | @CryptoProfitCoach
thanks to enlighten us about your journey:blush::+1:
Could you please give a brief intro of BOSAGORA Token platform’s sailent features? How it is better from other platform in playing a vital role in making a better world with blockchain technology as a project enabler ?

Sodam BOSAGORA ($BOA) replied:
BOSAGORA focuses on building an open, decentralized blockchain that ensures transparency of the consensus algorithm and clarity of contracts. BOSASGORA envisions itself as playing a vital role in making a better world with blockchain technology as a project enabler. Our distinctive feature lies in the public financing of project proposals using the Commons Budget. The members of the Congress can vote on what proposals are attractive and doable and support the proposal.

Crypto admin | @CryptoProfitCoach
great to know :blush::+1:
could you please tell us…..What is BOSAGORA Token and Benefits of holding BOSAGORA TOKEN? What are BOSAGORA TOKEN Achievements till date ?
appreciated ..:heart:..really great project:blush::+1:
Sodam BOSAGORA ($BOA) asked:
What do you like the most about it so far? :)

Crypto admin | @CryptoProfitCoach to
Sodam BOSAGORA ($BOA)
Your project generosity :blush:

What is BOSAGORA TOKEN trying to do? And what purpose is it trying to serve to the community?. What kind of factors leads to its huge success ?

Sodam BOSAGORA ($BOA) replied:
BOA plays a crucial part in sustaining and developing BOSAGORA ecosystem. BOA is used to fund the Commons Budget, which is a crucial part of the ecosystem. The Commons Budget is used to fund creative and lucrative businesses and ideas and decided upon by the Congress where to fund and how much. This is why we call ourselves a “project enabler.” Enabling good ideas and projects by funding them with public financing :)
Crypto admin | @CryptoProfitCoach Never PM for Funds
Your project generosity :blush:
Good to hear :)

Crypto admin | @CryptoProfitCoach- Now focusing on the team a little bit — what are some key differentiators the BOSAGORA Token platform as well as BOSAGORA Token Project team has that make it particularly well-equipped to accomplish your goals ?

Sodam BOSAGORA ($BOA) replied:- Our team is consisted of team members from diverse backgrounds and careers. For instance, the President of the Foundation, Inhwan Kim, has 35 years of marketing experience and VP, Munsu Lee, is a pioneer in the IT industry and a builder of the very first cloud computing system in Korea. CBO, Johan Lee, contributes to the team with his marketing experience from the game industry and advertisement. With such expertise in marketing and IT, we are making step-by-step progress in following through our roadmap (https://bosagora.io/tng/).

Crypto admin | @CryptoProfitCoach-What products/tools does the BOSAGORA Token platform currently have? What products/tools are being developed so that the BOSAGORA Token platform can become better and better than other platform in establishing a decentralized blockchain platform which can implement a democratic decision-making process based on Trust Contracts and Congress Network?

Sodam BOSAGORA ($BOA) replied:- This year we are making progress in building the conner-stone to next year’s grand launching of the Coin Net and Votera in the first half of 2021. Demo version of Votera is at its finishing stage. We have currently set up the Stoa server, which is an entry point for any third-party service provider to the Agora network. In addition to Stoa, we are designing quorum balancing.

Crypto admin | @CryptoProfitCoach- What is Settlement TestNet (Validator), Flash TestNet/Tool Integration, Tool Integration/CoinNet and CoinNet/Trust Contracts as your products ? Why you are developing it? How this innovative technology will change the world ?

Sodam BOSAGORA ($BOA) replied:- We are not a fork from another main net. Our protocol is based on PoS and is a full node based on open membership, meaning that the network is open to anyone who is willing to participate and earn incentives.

This is not an easy task and even some “successful” projects have failed to reach full decentralization or are based on PoW. We also plan on using flash layer, which is a built-in 2nd layer solution that can enhance Scalability.

TestNet provides the ground for Test-Net and after fully testing its stability, we can move onto CoinNet, our naming for MainNet. We intended to use Trust Contracts in our WP, butit is quite impossible to realize based on the existing state-of-the-art technology.

We will instead develop a runtime based on WebAssembly, on top of which any language that is supported could be used. Lots of other projects are already researching on it and we think this will provide new possibilities and offer significant performance benefits in our CoinNet.

Crypto admin | @CryptoProfitCoach- Are you serving Insurance Companies, Administrators, Government Agencies, Clinical Organizations, Accountable Care Organizations and employers. Who are your potential Clients ? Please enlighten us in this regard.

Sodam BOSAGORA ($BOA) replied:- Among our partners, we have companies and entities that represent professionalism in a wide spectrum of industries and fields. In our announcement of partnerships coming in Q4 of this year, we have a partner in eduction industry and finance. We have already announced partnerships with CoolBitX(wallet which integrated BOA as one of default tokens), Argos(world leading KYC & AML company), and Certik(which applies standardized test suites, static analysis, and expert manual review of blockchain projects and exchanges). We are excited to partner with such great industry-formers and expect great collaboration and synergy.

Crypto admin | @CryptoProfitCoach- Will BOSAGORA Token platform have outstanding breakthroughs to become the perfect platform to compete other platform or not? What will BOSAGORA Token platformspecifically do to make the BOA TOKEN currency like BNB?

Sodam BOSAGORA ($BOA) replied:- The thing about crypto is that projects have generally failed to create a working module, a business model, and an “ecosystem” that runs on its own without creating inflation and profit loss. BOA will challenge the unprecedented and create a new precedence that BOA ecosystem is viable on its own, funding great ideas and projects and BOA being burned according to the profit that is generated from what has been funded.

Crypto admin | @CryptoProfitCoach- Switching gears to the competitive landscape — what sort of projects do you identify as BOSAGORA Token platform’s biggest competitors?
Alternatively, if you don’t think there are direct competitors, what sort of trends or obstacles do you think need to be overcome in order for BOSAGORA Token platform to capture more market share?

Sodam BOSAGORA ($BOA) replied:- Not one project is the same as they are all trying to achieve different things using different technologies. We do not want to undermine any great projects and existing technologies. However, there are certainly ways to improve and rooms to challenge existing ideas. For instance, our predecessors like BTC and ETH are not without their faults. Their decision-making process is non-systematic and consensus algorithm that each follow are not without their faults either. BOSAGORA has re-designed federated Byzantine Agreement Protocal (mFBA) so that decentralization does not remain as an ideal, reduce latency, and enhance trust among the participants.

Crypto admin | @CryptoProfitCoach- Which innovative technology is used to protect investor’s money from hacking ? I think the security is the most important thing. What is the most important thing you are focusing on ?

Sodam BOSAGORA ($BOA) replied:- For us, security of the system and the users are of great importance. By using mFBA, safety of the system rests on digital signatures and hash families, whose parameters can realistically be tuned to protect against adversaries with unimaginably vast computing power. In addition, in July, we announced the result of the 3rd party audit we received from our partner, Certik (https://medium.com/bosagora/mou-with-certik-45d45874d2c3). Overall, Certik found BOSAGORA’s smart contracts to follow good practices. Certik concludes the security level of BOSAGORA to be at the score of 99 with the contract being structurally sound and not vulnerable to any classically known anti-patterns or security issues.

Crypto admin | @CryptoProfitCoach- Are you planning to list BOSAGORA Token on new Exchanges ? If any info in this regard you can provide us.

Sodam BOSAGORA ($BOA) replied:- BOA is currently available in major exchanges including Bittrex Global, Bithumb Global, Coinbene, and GDAC. We have plans to list in new exchanges in the near future. Please stay attentive and tuned for further announcements! https://t.me/boa_announcement

Crypto admin | @CryptoProfitCoach- Alright last question before I open things up for Community members — what are some exciting milestones BOSAGORA Token platform as well as BOSAGORA Token has in the coming months? Any big news/announcement ?

Sodam BOSAGORA ($BOA) replied:- For the later half of 2020 we plan to announce partnerships that are part of BOSAGORA ecosystem. We will introduce these partners to you and how BOA will be connected to their business models. We are also preparing to be listed in another major exchange. In terms of our global community, we are not far from 2k members in our official English telegram group (https://t.me/bpf_eng). We want to meet them and thank our community members via video conference call. We will arrange this is the 2nd half also. We have many exciting announcements to make, so please stay tuned and cheer for BOSAGORA!

Crypto admin | @CryptoProfitCoach- Great — Always exciting for BOSAGORA Token platform in making a better world with blockchain technology as a project enabler = )

Crypto admin | @CryptoProfitCoach- I think we can open things up to community Q&A ! Reminder that top participants will receive a reward! Community members are allowed to post their questions for next 10 minutes. 10 Best Question will be picked up by Ms. Sook Hwang to answer.. completely on her discretion. Question picked up by Ms. Sook Hwang to answer will make Question raiser eligible to receive rewards.

Alejandro Urich
• After the collection of funds for humanitarian aid was completed, were your expectations met? How do you feel about all that money raised?

Sodam BOSAGORA ($BOA) replied:-Good question :) We felt really good that we could come together and make a donation fund solely with BOA. If we had more time and if the issue wasn’t of so much emergency, we would have opened the donation pool to BTC and ETH also. Jia You campaign was orchestrated in such a short period of time and executed in 1 week. We hope to show solidarity when times are hard with the global community and will continue to seek ways which are impactful, effective, and transparent.

ArrowR | Ambassador
I was interested in the project, but I did not find a white paper available or a script visible on the website. Why does BOSAGORA not make these resources available? Is there future planning or is everything still too superficial to be put on paper?

Sodam BOSAGORA ($BOA) replied:-Hmpg: bosagora.io
CMC: https://coinmarketcap.com/currencies/bosagora/
WP: https://bosagora.io/wp-content/uploads/2020/01/BOSAGORA-Whitepaper-En.pdf

Hasan Mahmud
Can you explain about Deliberative decision-making platform of Bosagora project? How Deliberative decision-making platform works & which technology is used for above platform?

Sodam BOSAGORA ($BOA) replied:-We intend to use Votera to use it as a tool for democratic decision-making to pass funding and system proposals. Congress members have the right to vote on these proposals to make system upgrade or change as well as fund for good projects and ideas. That is how Votera, official name of the tool, will be used.

Sazibur Rahman
After being listed on major exchanges like Bithumb and Bittrex, what would you like BASAGORA’s next achievement to be?

Sodam BOSAGORA ($BOA) replied:-We think both are great and major exchanges at world’s top 10. However, listing is not our accomplishments. We will continue on to develop as laid out in our road map and also demonstate real use-cases of BOA through our partnerships. Q4 of this year will be a lot of fun and surprises for everyone as the story unfolds.

Ffg
With regard to fees, does having a transaction fee of “0.01 boa” guarantee the long-term sustainability of the project?

Sodam BOSAGORA ($BOA) replied:-We don’t know what the real price of BOA will be by that time, don’t we :)?

Andrey
BOA now is defined as a token and its already on some known exchanges…well we gonna see BOA has its own block chain…i mean as a “”Coin “” …and if it is..can we mine it?

What killer features has Bosagora that are ahead of the competition from other projects and how does fetchintend to open up the project and product to the community, reasearchers and enthusiasts, So no one will stop this and it continuously improved on?

Sodam BOSAGORA ($BOA) replied:-BOA is still on ERC-20 until Coin Net is launched. If you participate as a validator partipating in the Congress Network, you will receive rewards (27 BOAs are issued per 5 seconds). Our killer features seems to be the Congress Network and the Commons Budget :)

Erlin VII Dethan
What kind of Milestone Bosagora have did so far in 2020?
And most important what is Bosagora target in 2020?

Sodam BOSAGORA ($BOA) replied:-Hope this is helpful in reflecting what we have achieved in 1 year time frame (https://medium.com/bosagora/search?q=1 year). We already were recognized by the UN SDG just last month (https://finance.yahoo.com/news/bosagora-boa-won-un-solidarity-010000540.html) and again just yesterday for the Jia You Campaign (https://finance.yahoo.com/news/bosagora-donates-chinese-red-cross-010000297.html) to support flood victims in Wuhan, China. We hope to pave the way as the first blockchain project that contributed to making a better world. We will continue to walk the walk, and not only talk the talk following our road map (https://bosagora.io/tng/)

Ivan Letov
Bosagora truly aims to help developing projects. So, how easy and affordable is your platform for new projects to develop, especially for novice DApps developers?

Sodam BOSAGORA ($BOA) replied:-To make BOSAGORA open to many Dapp developers, we are using a language called D. Our main developers are D contributors also. It is similar to C++. Also we will utilize WASM, which will allow developers to choose the language they would like for their Dapps.

Hope my answers helped you understand BOSAGORA further :)

Sodam BOSAGORA ($BOA)admin
It was my pleasure being your guest today to answer great and curious questions :)

Crypto admin | @CryptoProfitCoach Never PM for Funds admin
This was a great experience for us Ms. Sook Hwang. Thanks.
Thanks so much for joining us, Ms. Sook Hwang! Can you please leave a link to your community telegram/any other so users can learn moreabout BOSAGORA TOKEN?

Sodam BOSAGORA ($BOA)admin
Sure :)
You are welcome to join us.
Telegram: https://t.me/bpf_eng
Official Announcements: https://t.me/boa_announcement
Medium: https://medium.com/bosagora
Twitter: https://twitter.com/BOSAGORA1
Newsletter: http://eepurl.com/gJSHff
Reddit: https://www.reddit.com/r/BOSAGORA_BOA/
Facebook: https://www.facebook.com/BOSAGORA/
Linkedin: https://www.linkedin.com/company/bpf-korea/
Youtube: http://bit.ly/2YFpd5r
Github: https://github.com/bpfkorea

Crypto admin | @CryptoProfitCoach Never PM for Funds admin
Thanks Ms. Sook Hwang for sharing such valuable experience/information with us

Feedback and comments are always welcome 😊

Telegram- https://t.me/cryptoprofitcoach

Twitter:-https://twitter.com/cryptoprofitsky

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