What is Busy DAO (BUSY) | What is BusyDAO token

In this article, we’ll discuss information about the Busy DAO project and BUSY token

About the platform

The freelance platform will be built on the Busy unique blockchain-based technology and charge-free solution which will make every user a vital part of the platform’s decentralized ecosystem. Each user of the platform will be able to occupy space on the platform through utility staking and

profit from staking with a fixed reward of 33% p.a.

This unique solution will provide fair conditions in the decentralized ecosystem and an innovative economic model to reduce poor quality, spam offers, and deliver the best experience for everybody. Every e‑commerce platform will be able to use this model thanks to the Busy smart contract distribution.

The Busy platform will be based on the concept: one user account will be just one online wallet. Each user can have only one slot with different sizes, which will increase or decrease according to the number of active staking addresses. To display the slot, the user will need to have at least one staking address meeting the staking limit. If the user will have a lot of coins in his wallet but no in staking, the slot will not be displayed, and the staking reward will not be counted.

Each user will choose in which category and region to place the slot. If a suitable category will not be available, it will be possible to create it. Slots will be sorted by their sizes, i.e., from the largest to the smallest. On the home page, all slots will be displayed across all categories also by the size of the slots.

After logging in, the user will be able to modify his slot and the corresponding page with the offer according to his requirements.

The user page will have an in-built page-builder, which will give the user ability to modify the appearance, colors, elements, text, and other properties of the page in a user-friendly form.

As it will be a fully decentralized platform, there will be no central authority to approve or control the content of individual slots, but this does not mean that the platform will be unintelligent, e.g., will not limit it. The platform will be connected to its own AI (Artificial Intelligence), which will automatically verify the content according to the entered texts and images, and will evaluate whether it will not match any forbidden words and patterns. Typically, it will be pornography, illegal activities (drugs, weapons, black market, etc.), and globally established and prohibited services.

Blockchain

Busy technology uses blockchain solutions as a basis. It uses its own proof of stake consensus, where users who verify the authenticity of blocks are randomly selected. Everything goes fast and the data is immediately written to the block.

This process ensures a high level of security and prevents the so-called double-spending. This system also contributes to overall decentralization, as each active user is part of the network. These features ensure high the throughput of the entire network.

Busy technology

This unique model represents the developed Busy technology, which will be applicable to other B2C/C2C platforms through smart contracts.

The developed Busy DAO brings a comprehensive Web 3.0 solution and a decentralized freelance platform.

Utility staking is an innovative blockchain feature that will give the real use case of the staking model with platform space occupation and generated reward.

SOLUTION OFFERS:

Platform

The freelance platform will be built on a unique Web 3.0 technology as a charge-free solution that will make every user a vital part of the platform’s decentralized ecosystem. Each user of the platform can through utility staking occupy space on the platform and profit from staking with a fixed reward of 33% p.a.

Potential disputes and arguments will be governed by the users in the ecosystem in a decentralized way and results will be recorded in the blockchain. Transparently and confidently.

These unique platform features will provide fair conditions and a DeFi economic model to reduce low-quality and spam offers and deliver the best experience for everybody.

More technical details

As I have mentioned in previous paragraphs, the Busy platform will be fully decentralized, so there will be no central authority to manage data, interfere with user accounts, or gather any fees on the platform. Nobody will have a central interest to manipulate any part of the platform; the platform will be completely in hands of its users.

Its network settings will work on the same principle, when, like blockchain, the platform will be placed on a large number of nodes, where the loss or attack of one of them will not cause the platform to malfunction. Depending on the access, the user will be connected to the node with the lowest response time. The same will work with the connection between that node and the Busy blockchain, all in a secured connection.

As there will be at least thousands of nodes worldwide, it is necessary to keep all the nodes synchronized.

That is why there will be configured a two minutes “freeze” window.

It means that once the user creates any transaction, it will not be possible to create another within the next 2 minutes (it is a period during which all nodes worldwide will be synchronized). Therefore, it will not be possible to perform a double transaction or any kind of forgery during the period when the data on the connected node will not be up-to-date.

Anti-spam tool

The anti-spam tool will be implemented on the platform by Busy coin — the coin will behave as a message carrier. If a user will send a message to another user, one coin will be transferred to the recipient (together with the message), so for the sender, this will mean executing a transaction of one coin. If the recipient will reply to the message, one coin will be transferred back to the original sender’s wallet.

Therefore, if there will be a conversation between two users, there will be no messaging expense for those users.

It is like throwing a ball with a message over a wall.

In this case, the ball will be the carrier of the message — Busy coin.

On the other hand, if there will be a spammer on the platform who will multicast the same message to multiple users, it will be really expensive as he will be only sending his coins to the users as a result. The question is how will the end-user find out or recognize that it is spam?

The platform will have **indicators **to help the user. The first will be the so-called “trust indicator”. Before the user will send the message to the other user, the indicator will be displayed, which will show the trust of the other user based on the algorithm — it will be a combination of a number of sent messages, answered messages, and received messages.

Slots

A slot will be a place on the platform where the user will present his offer. The slot will be directly connected to a specific wallet address, which means that due to staking, a specific slot will be occupied. The slot will not be purchased, its **size **(and therefore the location among other offers) will be defined by the number of user’s full staking addresses, i.e., the number of staking addresses that will have the number of coins more or equal to the staking limit.

If there will be only one staking address meeting the staking limit for a given wallet, the slot of size “1” will be visible on the platform (unless the user intentionally hides it). If there will be two or more staking addresses in the wallet meeting the staking limit, the slot will be called a multislot.

The individual slots will therefore have different sizes — the size will be calculated based on an algorithm that will work with the number of active staking addresses. The algorithm will work (especially in the next life-cycle phases) with a logarithmic increase in size, in which it will logarithmically take into account the largest and smallest slots, from which it will subsequently create a plot ratio based on a predefined maximum shape. As a result, the slots will be sorted on the platform in a “mosaic” shape sorted by the largest slots within the category or region.

How to add BUSY Token to MetaMask

For all current and future holders of the BUSY Token, the Token has to be added to MetaMask in order to either manipulate with the Tokens or unlocking the Tokens configured with vesting. Follow the few steps below:

Step 1: Open your MetaMask, navigate to section “Assets” and click on “Add Token”

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Step 2: Switch to tab “Custom Token“ and enter Token Contract Address

Once you enter the Token Contract Address, the fields “Token Symbol“ and “Decimals of Precision“ should be automatically prefilled. Double-check the correctness with the information below and if correct, click on “Next“.

Token Contract Address: 0x5CB3ce6D081fB00d5f6677d196f2d70010EA3f4a

Token Symbol: BUSY

Decimals of Precision: 18

Step 3: Click on “Add Tokens“

Step 4: Now you can see the BUSY token among the others

How and Where to Buy Busy DAO (BUSY) ?

BUSY is now live on the Ethereum mainnet. The token address for BUSY is 0x5CB3ce6D081fB00d5f6677d196f2d70010EA3f4a. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy BUSY token

Contract: 0x5CB3ce6D081fB00d5f6677d196f2d70010EA3f4a

The top exchange for trading in BUSY token is currently Uniswap, MXC

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BUSY gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com

Find more information BUSY

☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Pitch Deck ☞ Sale on Poolz ☞ Sale on MXC Exchange ☞ Seed and Private Funding Rounds Information

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #busy

What is Busy DAO (BUSY) | What is BusyDAO token | What is BUSY token