📣Buyzooka: The Team’s AMA Answers
📚You might know that last Thursday our team hosted an AMA session, where we responded to a lot of our community’s questions. No worries if you missed it — for those of you who did, we are publishing the Q&A compilation so that you are up to speed on what’s new with Buyzooka!
💭Q1: Tell us a bit more about the sidechain you'll use for Buyzooka, and how many TPS can you reach?
📌A1: The blockchain that is used by Buyzooka is Polygon (ex-MATIC). This blockchain is a side chain of Ethereum. We did choose this blockchain because it reduces friction implemented by Ethereum blockchain (gas price). We can reach 7200 TPS on the Polygon blockchain.
💭Q2: Is it so important to have a very high TPS rate for Buyzooka? because some other mainnets have more than 10k TPS
📌A2: No it is not necessarily important as the blockchain is used:
- to give cashback to users;
- to store future transaction p2p on our incoming second hand platform.
There is no need to get a big capacity in terms of TPS.
💭Q3: What is the origin of the project?
📌A3: The idea already started to emerge in February 2020. True coincidence, when you think about it, as it was right before the pandemic that really enabled the e-commerce industry to rise, thereby also showing its limitations...
💭Q4: Why did you prefer an ICO versus a traditional venture fundraising?
📌A4: Well that is a very good question, thank you! I prefer an ICO mainly for the simplicity and the community spirit that it represents compared to VC fundraising. Indeed, an ICO has a worldwide reach and can speak to anyone having an interest in the project, any level, sharing the same values.
💭Q5 : Why did you choose Polygon instead of some other blockchain?
📌A5 : We did choose Polygon between several blockchain we were benchmarking (Ethereum, TEZOS, Polkadot).The main reason is the compatibility with ERC-20 tokens (our token is ERC-20 compliant) and also the meaningless of gas price on every transaction (very close to 0).
💭Q6 : How many partners are you expecting in the next 2 years?
📌A6: Over the next two years, we are expecting to make partnerships with notorious CMS such as WiX and Woocommerce, thereby enabling Buyzooka to cover more than 3M e-shops in the long run.
💭Q7 : Aren’t you scared that a huge platform (Amazon) will somehow strike back against Buyzooka?
📌A7 : Amazon is definitely what we can call a giant in the industry, but with our decentralised community approach, promoting independent e-shops and brand diversity, we really hope so… this would mean we are doing a good job
… And we know from a trusted source that Amazon already has an eye on Buyzooka... That's a good point! Their European HQ is near us in Luxembourg...
💭Q8 : How will you keep a bullish trend of the $BZOO Token ?
📌A8 : I can not assure that we will surely maintain a «bullish» trend, but the market can.. and will. Indeed, the uptrend evolution of the $BZOO will be directly correlated to the turnover generated by our users and the results of our business activity, thereby driving a sustainable and growing demand for the token.
💭Q9: Will we be able to pay partners in $BZOO? Is it something that you are planning to do?
📌A9 : Indeed! We are actually working on the payment infrastructure developing our own Buyzooka's secure wallet to be plugged in the merchant's front-end. It is scheduled for Q2-2022.
📚We are thankful to everyone who has participated in our AMA! If you still have questions — please, ask them on our social media, we are always ready to respond!
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https://www.buyzooka.io/ico
