AMA RECAP THE BORG #33

Bang Pateng
Posted by Bang Pateng January 5, 2021

Thank you to the Bang Pateng Community for participating in Ask Me Anything (AMA) with The Borg Time on January 05th, 2021. This guest star Mr.Defi Jman (Co Founder, CMO and Developer) | @DeFiJman. If you were unable to join the live AMA, no worries, here comes our 33th AMA recap!

Introduction Session

Host :
Hello Mr @DeFiJman Welcome to the Bang Pateng community, It’s an honor to invite you to our community

Defi Jman :
Thank you, it’s an honor to be here. I appreciate your group hosting me today.

Host :
Before we start our first session can you introduce yourself, your background and your team if you have a team working with you on The Borg @DeFiJman

Defi Jman :
This is DeFiJman, also known as, Loctus of BORG. I am a relatively new developer on the DeFi (Decentralized Finance) community, focusing on building an Ecosystem around the StarTrek Universe. Over the past year I’ve developed extensive experience in investing in DeFi, and now I’m transitioning into developing on the platform.

Currently, it’s just myself developing the ecosystem, and I have an amazing team of admins in the channel to assist me along with some top notch people I am proud to call friends in the collective assisting us with art work and marketing.

Host :
Thanks for sharing your background. Good. AMA let’s get started.

Well we will continue to the first session, in this session I will give a question about The Borg, if you feel you have enough to give an answer, you can say “done”.

Defi Jman :
Ready 🙂

SESI 1 (Poject Introduction)

Q1. Can you introduce The Borg to our community?

Defi Jman :
I am a relatively new developer on the DeFi (Decentralized Finance) community, starting out by focusing on building an Ecosystem around the StarTrek Universe. Over the past year I’ve developed extensive experience in investing in DeFi, and now I’m transitioning into developing on the platform.

The BORG Token (BORG) has assimilated multiple profit mechanisms to create one collective.

Currently BORG is less than 2 weeks old. We’ve had some great price action so far, and because of the adjustable parameters, we can continue to tune the token to best meet the market demands. I’ve created it to be completely adjustable so that we can increase taxes or fees over time to increase our liquidity as demand increases.

Q2. What are the core features of The Borg? How are you different and unique from all other projects out there?

Defi Jman :
The BORG Token is a collection of different profit mechanisms designed to increase in value on 3 different levels.

  1. Auto Tax to Holders – Right now 2% from each Transaction is delivered to all holders automatically. Your balance increases without ever needing to stake your tokens.
  2. Fee on Transfer – Right now set to 2%, this will send a small % of the transfer to the BORG contract address. Think of this like the BORG treasury.
  3. Auto-Balancer – Right now set to disabled, this will take the tokens out of the BORG Treasury (Contract Address) and swap half for ETH, and then auto-pair the remaining tokens with that ETH to add to the liquidity pool. This increases our liquidity automatically.

Q3. I saw that The Borg has its token named $BORG, can you explain what the token is $BORG? What benefits can we get if we hold tokens $BORG? And how to buy?

Defi Jman :
The name comes from the fact that The BORG Token (BORG) has assimilated multiple profit mechanisms to create one collective.

Currently BORG holders get two major benefits:

  1. Voting Rights in the BORG Collective – https://snapshot.page/#/vote.theborg.eth
  2. Holder Tax – Your $BORG balance automatically increases anytime someone buys or sells $BORG. 2% of every transaction goes to $BORG holders.

You can buy it on Uniswap here: https://app.uniswap.org/#/swap?outputCurrency=0xb3419f1ef282253296e92df6f85e113360a391f2

**** You must set your “Slippage” settings to higher than 5% to buy $BORG because of the current profit mechanisms ********

Q4. Nowadays Farming or staking is very popular. Have you provided your Farming or Staking Facility to $BORG Investors? if you have, can you explain how to staking and farming $BORG?

Defi Jman :
Currently, BORG implements Yield Farming in an innovative way by having “returns” come to you, directly as a BORG holder. Every buy or sell of BORG has a 2% tax that is returned as Yield to the holders. Your balance automatically increases even if you don’t stake or farm your tokens.

In addition to the yield farming inherent in BORG, you can increase your returns even further with BORG Farming.

Step 1: Add BORG to Uniswap Pool (ETH-BORG) to Receive LP Token – https://app.uniswap.org/#/add/ETH/0xB3419F1eF282253296e92df6F85e113360a391f2

Step 2: Deposit Uniswap LP Token in our Gyser to Earn BORG
https://app.gysr.io/geyser/0x4411B5CB6eCaC1b97D5cfFe832191511a4F80da3

Farm Details:

-2500 $BORG open for Earning over 30 Days.

-Bonus Period (Up to 6x scaled over 5 Days). The longer you deposit your tokens, the more BORG you earn.

Q5. Could you please explain, what are your upcoming plans in a couple of month/years?

Defi Jman :
The upcoming plans for BORG center on building out an ecosystem around the StarTrek Universe.

Here is the roadmap we have:

  • BORG Farming: Stake ETH-BORG on Uniswap and Farm BORG. – Open
  • The Armada: Armada Pre-Sale (ARM Token) – Completed
  • BORG Collective: BORG as Governance Token – Open
  • NFT Battles: StarTrek Themed NFTs Battle and Earn BORG in NFT Competitions – Open
  • The Klingons (Q1 2021): Klingon Token (KLING)
  • The Romulans (Q1 2021): Romulan Token (ROMS)
  • Devine Treasury (Q1 2021): Ferengi Devine Treasury Vaults

SESI 2 (Twitter Question)

Defi Jman :
For BORG, community is king. The collective is made up of all of our shareholders. We plan on expanding this in three ways:

  1. Continuing to build on the Star Trek Universe theme – We will keep releasing tokens that match up with species and reflect the values of those races in Star Trek.
  2. StarTrek NFT Battles – Every week we will have artists create and sell their art for BORG. They will also be eligible for bonuses from our marketing department based on weekly/monthly winners.
  3. Continued engagement on Twitter, Medium and expanding to YouTube.

Defi Jman :
Our current farming operation will be open for 1 month to get the token “started” with more liquidity. After that, we will rely on the “Holder Tax” which BORG implements by having “returns” come to you, directly as a BORG holder. Every buy or sell of BORG has a 2% tax that is returned as Yield to the holders. Your balance automatically increases even if you don’t stake or farm your tokens.

Defi Jman :
The website has the basic set of information, but we will always have more details on our Medium site: https://medium.com/theborgtoken

For BORG, there are 3 major use cases:

  1. BORG as the Governance Token – BORG holders get to vote on how other tokens in the ecosystem are controlled – https://snapshot.page/#/vote.theborg.eth
  2. BORG as payment for BORG NFTs – Artists submit their work, and we auction it off, payable in BORG. All of the proceeds go to the artists, and we also give them a bonus in $BORG for the best NFT of the week. – https://opensea.io/collection/the-borg-token
  3. BORG increases in value – By holding BORG, you automatically have 2% of every transaction increase your balance. This is the “Tax to Holders” we have discussed.

Defi Jman :
A big part of this ecosystem is the StarTrek theme. We want to encourage artists to use their talent to earn $BORG. We will be adding NFTs from the community on a weekly-basis for “voting” by the Collective.

How the Contests Work:

  1. Users submit their NFT for adding to our market place (https://opensea.io/collection/the-borg-token)
  2. The collective votes by auction (payable in BORG).
  3. The NFT that wins for the week (via auction and voting) will also receive a bonus in BORG (currently set to 5 BORG) sent from the BORG Marketing Fund.

Defi Jman :
BORG has implemented token Burn on three levels.

  1. More than 62% (4,500 ETH equivalent) of the tokens have already been burned. These were left over from the pre-sale, and sent to the Burn address where they are locked permanently. (https://etherscan.io/token/0xb3419f1ef282253296e92df6f85e113360a391f2?a=0x000000000000000000000000000000000000dead)
  2. The Burn address automatically receives a portion of the 2% Holder Tax – therefore the amount Burned automatically increases with every transaction.
  3. The BORG Token Contract receives 2% of each TX as a Transfer Fee – these are locked into the contract forever taking them out of circulation. (https://etherscan.io/token/0xb3419f1ef282253296e92df6f85e113360a391f2?a=0xb3419f1ef282253296e92df6f85e113360a391f2)

For staking, we have the BORG Farm (https://medium.com/theborgtoken/open-season-for-borg-farming-aa834b8a50b3) as well has the Holder Tax (2% that comes back to you automatically).

SESI 3 (Telegram Question)

Qnosir | @Qnosir
Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?

Defi Jman :
I understand that trust is at an all-time low in DeFi. I believe we’ve all be “let down / rug pulled before”. Even if it’s just a project that the developer has abandoned.

Here is my commitment to ensure security of $BORG and $ARM:

  1. All Liquidity in Uniswap is locked for 1 Year (All of the BORG Pre-sale liquidity is already locked – https://v2.unicrypt.network/pair/0x31c75845DA107F68DC745759Be9C6ddEAd5ee2F0)
    (The liquidity that is unlocked has been user provided via the BORG Farm).
  2. Armada Liquidity was locked for 1 Year directly after the Pre-sale is completed (https://v2.unicrypt.network/pair/0xa7ddf273e9d1eade13c6e5c51ffe35a23cd6feed).
  3. Large Amounts of Tokens will be locked on Team.Finance for 3 months, and all decisions on what to do with these tokens will be made by the BORG Collective.
  4. I am building a community, not just tokens here. By having the NFT battles, farming on BORG and ARM, this ecosystem will continue to grow because I will invest my time and talents to keeping it innovative and fresh.

Calebkure | @Calebkure ❌
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Defi Jman :
There is no minting function in BORG. The BORG currently created is the maximum that will ever be available.

Circulating Supply Info:
Total BORG Amount: 700,000
Burned Amount: 436,800 (Burn TX) (https://etherscan.io/token/0xb3419f1ef282253296e92df6f85e113360a391f2?a=0x000000000000000000000000000000000000dead)
Locked Amount: 249,178 (Token Lock 1 (https://etherscan.io/token/0xb3419f1ef282253296e92df6f85e113360a391f2?a=0xdbf72370021babafbceb05ab10f99ad275c6220a), Pre-Sale Lock (https://etherscan.io/token/0xb3419f1ef282253296e92df6f85e113360a391f2?a=0xe9828045632b32e2aac7f3a4c1511c0d8965576c), Token Contract Lock (https://etherscan.io/token/0xB3419F1eF282253296e92df6F85e113360a391f2?a=0xb3419f1ef282253296e92df6f85e113360a391f2))
BORG FARM Amount: 2300
BORG Marketing Fund: 1500
BORG DAO Amount: 1000
— — — — — — — — — — — — — — — — — — — — — –
Total Circulating Supply: ~9,000 BORG

Piki Lal 😀😀 | @sjsjsbsjy
What is your strongest advantage that you think will make your team leading the market?

Defi Jman :
We have three killer features that set BORG apart from other DeFi tokens:

  1. It’s an Ecosystem, not just a token. With BORG you are buying into an ecosystem that you, the collective have control over. This is not just our project, it’s a community project.
  2. BORG has numerous profits mechanisms to provide returns to share holders (TX Fee, Holder Tax and the complete adjustment of these variables by shareholders).
  3. Our marketing campaign is wholly supported by an entire ecosystem of Star Trek fans. This is not just some “no-name” token that you need to get on board with, this is tied to the Star Trek Universe which is endless in possibilities.

Our most confident feature is the fact that BORG holders have a vote in how the ecosystem evolves. We are not developing the collective just for us, but for YOU. You are the collective. You are our customer and our share holder and we realize that without the collective we are nothing.

Aldi Zulfiandi | @Adialadi ❌
How do you plan to spread cryptocurrency in Community? Do you plan to develop a project in this direction ?

Defi Jman :
Currently, development is lead by Locutus of BORG. We are currently accepting applications for additional developers, provided they have the values of innovative thinking, trust and honesty.

Don Basha | @donbadsha100
Which one of these aspects important for you?
A-Increasing Token Price&Value
B-Empowering Platform Development
C-Building Community Trust
D-Expanding Partnership Globally

Defi Jman :
C – Building Community Trust. If we build trust, the price increase will follow because we will gain investors. If we gain investors they will act as both marketing and investors as they spread the good news about BORG. In the end, as a half human, I understand that trust is really all we have, and once that is broken, price will be broken as well.

CLOSING

Well… We declare AMA’s Series Bang Pateng with The Borg, is Done. ����

thank you to the participants who have attended this event to the end. the winners will be announced soon���

Social media

Twitter : https://twitter.com/BorgToken
Telegram Chat : https://t.me/BORG_ResistanceIsFutile
Medium : https://medium.com/theborgtoken
Website : https://theborg.eth.link/

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