We are pleased to announce our next AMA on May 21st 2021 at 10:30 AM UTC Time: Satoshi Club x DragonBite
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DragonBite Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DragonBite Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about DragonBite
For more details:
DragonBite Website – dragonbite.io
DragonBite Telegram – @DragonBite
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What’s the strategy that you follow that will increase the percentage of becoming a sustainable and most secure project? There are few news that says that most of the Crypto Currency will be banned in India? Have you guys have anything planned if this kind of rule implies to many other nations in future?
DragonBite is a truly open decentralized asset management platform for clients to store and exchange all kinds of digital assets in one app with one password. What are the characteristics that this application fulfills? What is the main objective of DragonBite? Can you detail each and every one of the solutions they present? For which devices is this DragonBite app available?
DragonBite stands out as a truly open decentralized asset management platform. Could you tell us a bit about how many cards you have on your platform? What are the qualities that each one possesses to say that they are different? How can I top up my prepaid cards?
In my DragonBite app I can add all my digital assets, including loyalty points, e-coupons, coupons, gift cards, game assets, and cryptocurrencies. To receive a DragonBite Standard card, how many BITE do I have to have in my DragonBite application? To receive a DragonBite Premium card, what requirements must I meet? Are premium cards limited? Can I reuse the reward received for expenses? How much is the shopping and travel insurance they will offer?
DragonBite’s vision is to disrupt the loyalty market with innovative technology and business models. What is DragonBite really good for? What is your contribution plan to current decentralized technology? How does DragonBite work? What solutions does it bring us?
Community is of great importance in projects. What can you say to get the community helpful? Community means new investors at the same time. What is your strategy for attracting the community?
DragonBite is a fully integrated and decentralized financial services system, which is designed for digital asset management. How many VIP cards can I have at DragonBite? What security system do you apply to eradicate scams and money laundering through the DragonBite app? How many membership accounts can I manage on DragonBite? What specifically can I store in my DragonBite wallet?
Users can deposit their digital assets into the DragonBite wallet to manage their portfolio, transfer assets to friends, exchange assets, buy Bitcoin or other cryptocurrency, and prepay the DragonBite card for daily purchase in real life. What kind of digital assets can I store in that DragonBite wallet? What benefits would you get from such storage? How many cards does the DragonBite wallet offer to its loyal customers? How do I know that only I have access to them and no one else is looking at my content? Is it applicable to use NFT for single storage?
DragonBite is a digital wallet for all customers to accumulate their digital assets, including loyalty points, e-coupons, e-coupons, gift cards, airline miles, in-game assets, and cryptocurrencies. In the DragonBite ecosystem, users can sell their in-game assets to buy Bitcoin or other cryptocurrency and also use their digital assets to prepay DragonBite MasterCard for daily consumption in real life. Do loyalty points have an expiration date? How can I avoid losing them due to expiration? Why can I redeem these loyalty points for another asset?
With the DragonBite wallet, you will solve the problem of the expiration date of your loyalty programs by converting your digital asset from one to another. DragonBite can preserve the value of your loyalty continuously and add all your reward points scattered in a wallet with a password. Is it official that DragonBite will have its first token offering at ZENDIT? Why did DragonBite decide to choose MANTRA DAO? How can I book my ticket on the whitelist? What requirements do I have to meet to get on the white list? Do you detail the blog of this launch to keep up to date with how it will take place and on what dates?
As can be seen in large projects, associations are very important to achieve acceleration and obtain expansion, currently marketing is widely used to attract business partners. Could you mention what are the associations that support DragonBite right now? In addition to the diversity of Ama’s, do you apply other digital marketing strategies to expand your user portfolio?
Dragonbite has the 6 in 1 solution which has the following characteristics: D UAL token, p R e-paid card, a conversion of sset, governance, loyalty pool, analytics. Can you explain each of these characteristics in a simple way?
Dragonbite offers 2 cards to its users: Standard Dragonbite Card, Premium Dragonbite Card. What requirements do I need to obtain each of them? What benefit does each one offer? and how is one different from the other?
At dragonbite the entire operation is driven by a hybrid IT architecture, that is, partly on-chain and partly off-chain. The chain engine consists of DB BITE (BITE) and BITE Point (DBP). Can you explain how DB BITE and Bite Point work?
There are surely many competitors of DragonBite. What makes DragonBite special? What are the main offers of DragonBite to get ahead of its competitors?
How does the BITE Point feature of DragonBite works? How will investors experience it and what is beneficial about it?
DragonBite offers 2 kind of cards. Standard and Premium. What are the differences? What extra has DragonBite Premium?
For business partners, how does the DragonBite app benefit?
How is it that aggregated data can help your business partners improve their marketing and product strategy? Please explain
It is clear that DragonBite allows users to store and trade all types of digital assets, but does it allow users to trade all types of digital assets including those in the traditional financial markets or only cryptocurrencies?
How has the DragonBite project progressed in terms of internal development and protocol and how has the experience of your development team influenced it?
It is notable that DragonBite counts several partners so far, but have they already partnered with projects outside of Blockchain or not?
On DragonBite, we can turn our Idle Reward Points into Crypto, which is something really interesting, but I wonder, how is this possible? How is the process of turning this reward points into crypto and is there any kind of convertion fee we need to pay for this? Is there a certain min. and max. limit of points I can turn into crypto at the same time? Also, on what kind of tokens I can turn my points into?
On your website says that: “Top-up your pre-paid card using digital asset and spend it in daily consumption”. Can you tell us more about this? On what kind of daily consumption stablishments is DragonBite’s card allow? Also, do this cards have worldwide functionability; will I be able to use it at a Starbucks in New York as well as I can use it at a Starbucks in Hong Kong?
I read that for Q4 you have plans on migrating to RioChain, can you tell us more about this decision? Why did you decide to migrate to this chain? What will it offer to DragonBite and it’s users that the Polkadot Distribute Ledger Technology is not capable of? What advantages will this give to your users?
I’ve seen in your telegram group that you announced that some scammer group are using your project name, what can you say about this? What steps do you have to stop those scammer?
DragonBite is DeFi project to target loyalty program customers. Would we appreciate if you tell us who are the partner of DragonBite? And how can we exchange our reward points?
I saw on your website that you are offering a Dragonbite Standard and Premium Cards. Where can we avail one of these? Can we deposit funds from here and use it as a payment methodnon grocery stores and convenience stores?
DragonBite Announces First Major Listing on BitMart. Congratulations guys. What will be the benefits of this new partnership? Could you mind tell us what will be your next steps? Do you have any particular plans to have presale or IDO?
by offering to have all kind of digital assets in one application with one password, I can only think how secure is such application and how difficult is to crack the passwords that can be created in it, so I would like to know, what level of protection have the assets inside the DragonBite application, what security mechanism have you implemented to avoid, for example, that the application is hacked and all the assets of its users are stolen?
Can you explain to us more the difference between the $BITE and Bite point? What has more importance and has a real life use case? What other important points can we gain from staking any of these?
having the support of the community is a key element in every project and I see that DragonBite is giving the opportunity to its community to represent them, could you tell us about the new ambassador program that you have launched in the last days, what are the steps to participate in this program, what do you expect to receive the most from your participants and how long will they have the possibility to participate in it?
You mentioned in your bio “One app, One password”. This makes me skeptical about having only one password. Are there any back up seeds or two way factor authentication to identify identity and avoid hack issues?
How does DragonBite solve the problems associated with reward point utilization rates, redemption obstacles created by loyalty program operators, and the various issues involved in managing the different types of digital assets in the marketplace?
Sticking to it’s mandate of unlocking the true value of digital assets, DragonBite also aims to extend this service to the gaming industry by working to unlock the value of gaming assets, made achievable by allowing BITE point as the common currency running through the various gaming platforms. However, most gaming platforms are particularly strict and wouldn’t permit such actions on their franchise products, while a majority of them already have features to cater for such customer needs. How will DragonBite effectively achieve this, and considering that most gaming platforms run an entire system mostly with their native token, how would BITE point be relevant here?
I was checking part of your history and you’ve been around since 2018, I saw you were focusing on your prototype and partnerships and delayed your token sale until now, why took you so long? Also, what are the advantages of launching your token BITE as an ERC-20 token?
I saw the announcement about your dual token sales on two separate campaigns, so, May 31st will be a big day for DragonBite, can you explain to us the both ways to participate and why did you decided to create two separate campaigns? Please share all details like max a min investment amount and what will be the token price.
Could you tell us how secure is currently the DragonBite application, have you done any kind of internal or external test, to identify how vulnerable is this application against possible attacks that may occur?
To achieve a good performance in DragonBite an essential element is to have a good percentage of active members with a great purchasing power, so, could you tell us what strategies you have designed to attract this type of members to the project, what are the opportunities and benefits that you offer them so that they want to be part of DragonBite?
DragonBite offers the DragonBite Standard Card and the DragonBite Premium Card, could you tell us the use case that these cards have within the DragonBite ecosystem and the use they can have in real life?
Being a beginner in the world of cryptocurrencies, one of the things that interested me most than the ease of using the platforms, is your platform easy enough so that more people like me do not have problems when using it?
Could you explain a bit about why you chose the name “Dragon bite” for your project? and what do you want to inspire with that name?
The DragonBite platform supports the trading of multiple classes of rare assets and with this, DragonBite aims to assist it’s sellers and development partners tokenize their assets in the form of NFTs. These assets after going through the needed technical integrations, will then be launched in a designated bidding market. With reference to this, would it be okay to say DragonBite doesn’t have it’s own Digital assets marketplace, if not are there plans towards creating one, and how will the designated bidding markets be chosen, does DragonBite presently have an existing collaboration with any of such bidding markets?
As an added feature to it’s unique product offerings, DragonBite also offers card services to it’s users. These card service are of two types; the standard cards and the premium cards, which are issued relative to certain laid out conditions. What are the conditions to obtaining these cards, and would there be options for physical card issuance or is it entirely virtual or a combination of both? Though these cards will be limited in supply, what will be the available supply limit to each of them, and would there be plans to increase supply if there is an overwhelming demand for cards?
It seems to me that Dragonbite is a one-of-his-kind project among DeFi ecosystem, people can BUY – SELL– SEND – SPEND – CONVERT which is amazing for daily use cases but isn’t clear to me what are the possibilities to spend the converted currencies on your platform, which companies, markets and digital stores are linked to DragonBite so far? Or is this subject still in construction?
In my research on your project I could see that they will grant many advantages to their $ BITE token holders like acess to privileged services, what are these exclusive benefits? Will it be a passive reward only for holding the token?
There are two types of card issued to DragonBite Holder which are the Standard and Premium Card in which in order to receive a DragonBite Standard card, the user must hold 2,000 BITEs in their DragonBite App and in order to receive a DragonBite Premium card, the user must hold 5,000 BITEs in their DragonBite Digital wallet. So,to continue availing this card do we have to hold the corresponding BITEs in our DragonBite App and DragonBite Digital wallet forever? What if the holder will withdraw their BITEs from DragonBite App or in the Digital wallet,does it means that the card is not usable already? Can you tell us some of the benefits for Standard and Premium Card holder? What is the difference between the DragonBite App from DragonBite Digital wallet? Can anyone owns both card at a time? Thank you
DragonBite will migrate to RioChain this coming 3rd quarter of this year,so what is the reason of migration? Why does your platform choose to migrate in RioChain? What advantages and strong points that RioChain will bring to DragonBite users with this migration? Thank you!
DragonBite will have its Launchpad IDO in Duck Dao this coming May 31st. Can you give us some details about this IDO? As an interested investors,how can we participate this IDO? What are the qualifications to be able to be whitelisted? Why did you choose to launch your IDO in Duck Dao? Aside from this IDO in Duck Dao,is there any other way to be an early adopters of $BITE? After IDO,what is the next step to do in your platform? Thank you
You have dual token system $BITE and $BITEPoint . What are the usecase and utilities of both token in DragonBite ecosystem? I can see that $BITE token is traded on some exchange too but how do I get $BITEPoint?
What are the basic features and structures that makes dragon bite project investors friendly?
And which network is dragonbite operating on?
Your advice. How to stay cool in the current situation on the cryptocurrency market?
What are the differences between the Standard Card and Premium Card? I see the cashback is different 0,1% vs 0,5% but I wonder if there are any other perks to the higher tier card, thank you
DragonBite is a digital wallet for all customers to store their digital assets. You also have new innovative with your token $BITE ‘Dual Token’ system which other project don’t have, can you introduce to us how does it work for Dual Token system?
How do you assign value to the random user Merchants Coupons, Loyalty Points & gaming resources when collateralizing it for letting users spend with the card in real world. Another interesting problem to address is high volatility of crypto assets. Could there be some cases when user spends using the card but collateral value rapidly drops to near zero and can no longer cover the transaction cost? What are the ways around this?
Your roadmap shows soonish plans to migrate to RioChain. Please tell us why you want to migrate in the first place? What were the advantages that led you to select RioChain as the host and not more widely spread competing chains out there? Thank you
I read that DragonBite is a decentralized asset managent platform for all digital asset. Also you have privilege service system inside your platform. Can you describe to us how the privilege service work? What user must do to join your privilege?
You claim that DragonBite provide sufficient incentives to your active users to do asset conversion, member referral and business referral. Can you explain how does the incentives program work? And what is the reward for refferal syatem, do we get $BITE token from refferal?
I read your white paper,there in one segment it saying that Bite will be used as transaction fee in DragonBite ecosystem.How much the fee will be and how the fee structure will be implemented?
In white paper it says that Bite point will give a specific value to a asset listed on the DrogonBite ecosystem,but why Bite
itself isn’t used for this role?