Mary\nSatoshi Club: <\/strong>Hello Satoshi\nClub! We are happy to announce our AMA session with BitDiamond! Welcome to\nSatoshi Club😀<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello again, dear community!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Today our guests are @keyoketg and @bradleyes.<\/p>\n\n\n\n Bradley:\n<\/strong>Hi everyone, very happy to be here!<\/p>\n\n\n\n keyoke: <\/strong>So excited\nto talk to you all today 😄<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Welcome here 👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club, guys!<\/p>\n\n\n\n Bradley:\n<\/strong>Thanks very much!<\/p>\n\n\n\n keyoke: <\/strong>Thank you<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>We are happy to see you here as well 🎉<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Let’s start our AMA 🚀<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for joining<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Introduce yourself please. How did you get to\nbe involved in crypto & BitDiamond? <\/p>\n\n\n\n Tell us please about your position in BitDiamond?<\/p>\n\n\n\n Bradley:\n<\/strong>I’ll go first 🙂. Hi everyone! I’m Bradley and I am Delivery Lead\nfor BitDiamond.<\/p>\n\n\n\n Bradley:\n<\/strong>That means I am responsible for delivering our products and services to our\nuser base.<\/p>\n\n\n\n Bradley:\n<\/strong>Which includes a lot of fun things like talking to people on Telegram and\nmanaging our social channels.<\/p>\n\n\n\n Bradley:\n<\/strong>I’m also a developer and writer for our content on the blog and other\nsites.<\/p>\n\n\n\n Mary Satoshi\nClub: <\/strong>Oh, it’s really fun work!<\/p>\n\n\n\n Bradley:\n<\/strong>It is!<\/p>\n\n\n\n Bradley:\n<\/strong>Together Keyoke and I founded BitDiamond. Over to you Keyoke!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>You have a really important task in the\nproject👏<\/p>\n\n\n\n keyoke: <\/strong>Hi\neveryone. I’m Keyoke and I am Development Lead for BitDiamond.<\/p>\n\n\n\n keyoke: <\/strong>I’m in\ncharge of the technical side of things. I lead on our development items and\nmanage our full SDLC<\/p>\n\n\n\n keyoke: <\/strong>My main\narea of focus is solidity for our smart contracts.<\/p>\n\n\n\n keyoke: <\/strong>But I do\npretty much anything \ud83d\ude42<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>you are a universal fighter😁<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Oh, very important job!👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>What is the essence of BitDiamond?<\/p>\n\n\n\n Bradley:\n<\/strong>We keep Keyoke in the BitDiamond cave fed up on biscuits and snacks,\nchurning out great code for is 😆<\/p>\n\n\n\n Bradley:\n<\/strong>BitDiamond was born from a desire to see new projects with a true long\nterm vision<\/p>\n\n\n\n Bradley:\n<\/strong>We’ve been in crypto for a while and were very aware that most recent\nprojects had a very short time horizon.<\/p>\n\n\n\n Bradley:\n<\/strong>You see them all the time, projects that are focussed on a profit in just\nmonths, or even weeks.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>How long does it take to develop a project?<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>You came here to stay😉<\/p>\n\n\n\n Bradley:\n<\/strong>If you do it properly it’s hundreds and hundreds of hours of work<\/p>\n\n\n\n Bradley:\n<\/strong>First is the planning – you need to map out what the USE CASE will be for\nyour project<\/p>\n\n\n\n Bradley:\n<\/strong>Just existing isn’t enough<\/p>\n\n\n\n Bradley:\n<\/strong>The project needs to have a clear idea of how it delivers value to\nholders.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>What plans do you have for the future?<\/p>\n\n\n\n Bradley:\n<\/strong>And that value can’t be just price, or that project won’t be here in\nthree years time.<\/p>\n\n\n\n Bradley:\n<\/strong>Lots! Our v2 release was all about the utility we add to BitDiamond, but\nwe aren’t finished there.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Indeed<\/p>\n\n\n\n Bradley:\n<\/strong>As part of the dev work we developed an on-chain approach to random\nnumber generation that is, as far as we know, unique.<\/p>\n\n\n\n Bradley:\n<\/strong>One thing we are looking at is developing that into an In-chain oracle\nfor RNG (random number generation).<\/p>\n\n\n\n Bradley:\n<\/strong>At the moment on BSC you have to call chainlink for true RNG<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>How we can use it? When?<\/p>\n\n\n\n Bradley:\n<\/strong>You can use it right now by playing TreasureHunt 😄 at\nbtdmd.com<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>this is what your colleague in the bunker is\ndoing 😂<\/p>\n\n\n\n Bradley:\n<\/strong>It’s built into the dapp 🙂<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>And what can we expect from BitDiamond?<\/p>\n\n\n\n keyoke: <\/strong>Yup!!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>I will definitely try 👍<\/p>\n\n\n\n Bradley:\n<\/strong>More development. It’s continual. At this stage also more marketing. We\nhave built a lot but we now need to get the message out there.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Also we would like to know more about your\nteam. Who is on the project team core?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Marketing is truly the cornerstone of a\nproject’s success.<\/p>\n\n\n\n Bradley:\n<\/strong>Great question. The core of the team is small, me and Keyoke and two\nothers who help but aren’t full time. We like a small core as the trust on the\nteam is absolute. We know each other so well, and operate really effectively.<\/p>\n\n\n\n Bradley:\n<\/strong>We have a heap of experience too. Over two decades of software dev\nexperience.<\/p>\n\n\n\n Bradley:\n<\/strong>Plus a published author on board, which we will talk about later 🙂<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Tell me, is your team anonymous? If yes, do\nyou plan to go out?<\/p>\n\n\n\n Bradley:\n<\/strong>We are at the moment. No real plans to dox ourself at the moment. We like\nthe pseudonymous nature of crypto. We do get why doxing is important, but we\nalso feel like projects should do more to build trust in the project itself,\nrather than being personality driven.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Yes, sometimes a small team of loyal\nassociates works wonders👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for great introduction, we will have\nseveral questions selected for the Part 1. Ready to start?<\/p>\n\n\n\n Bradley:\n<\/strong>Yes that’s right. Plus small core teams can get in skills for specific\nareas when they need it.<\/p>\n\n\n\n Bradley:\n<\/strong>Always ready! 🙂<\/p>\n\n\n\n Q1 from Telegram user @nadee5 <\/em><\/strong><\/p>\n\n\n\n According to your website, BitDiamand mission is in\nthree main areas including Engage,Expand and Educate \u2026so,related to the\neducate, you hope to explain the less understood aspects of crypto and\ndecentralised finance with BitDiamond..So it\u2019s very important to any crypto\nnewbies and anyone who loves to learn more about crypto.. So ,I am really\ninterested to know more about this ?how do you plan to educate people ,do you\nuse any youtube videos or any tutorials etc. \u2026How can user join to learn with\nBitDiamond ?what are the requirements ?Are there any educational events already\nstarted to join? Thank you<\/em><\/p>\n\n\n\n Bradley:\n<\/strong>Thank you Nadee, what a great question to start with.<\/p>\n\n\n\n Bradley:\n<\/strong>The educate part of our mission statement stems from how much we love the\nfundamentals of crypto. For example, lots of people swap tokens every minute on\nAMMs like uniswap and pancakeswap, but not many people understand what’s going\non under the covers of those AMMs. And it’s not actually that complicated\nreally, it just needs a bit of time to explain it. In some ways crypto is like\nthe aggregate of the simple – the constant product formula in an AMM is basic\nmaths – that make everything seem complicated. We really enjoy breaking that\ndown :).<\/p>\n\n\n\n Bradley:\n<\/strong>So, how do we do that? The first is on our blog which you can find at\nbtdmd.com\/blog. We have two main series of articles called Staying SAFU and\nCryptobits. One of those articles is on the subject of how the swap dapps\n(DEXs) work. Another is on how to look for good liquidity, another talks about\nwhat locked liquidity is. We think that everyone entering crypto should\nunderstand just a handful of concepts then they would be able to trade much\nmore safely.<\/p>\n\n\n\n Bradley:\n<\/strong>Our plan is to expand beyond the blog and start adding more to our\nyoutube channel (which has one lonely video at the moment). Beyond that, and\nthis is a real stretch goal, we would like to found an educational foundation\nwith two goals: making this sort of information easily accesible (a bit like an\non-line Dummy’s guide to what you really need to know about crypto) and also an\navenue of support for people having a rough time, maybe regretting a FOMO\ntrade, maybe needing to talk to someone about their trading getting out of\nhand. There are no supports out there at the moment, and we feel its the\ndeveloper community that needs to band together to put this in place. A safer\ncrypto is good for everyone except the scammers, so let’s build a better\ncrypto.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>oh … you swung at a cool target …<\/p>\n\n\n\n Bradley:\n<\/strong>We like to do that 😃<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>How do you check if your articles are helpful? May\nbe you collect feedbacks? Are this articles written by you or community also\ncan participate in this process?<\/p>\n\n\n\n Bradley:\n<\/strong>Absolultey! Users can add feedback directly to the blog.<\/p>\n\n\n\n Bradley:\n<\/strong>And we take comments and suggestions through any of our channels.<\/p>\n\n\n\n Bradley:\n<\/strong>And if anyone in the community wants to create content we support that\n100%!<\/p>\n\n\n\n Bradley:\n<\/strong>As long as it abides by our community guidelines.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Awesome! 👍 What will be your\nnext topic about?)<\/p>\n\n\n\n Bradley: <\/strong>I’d encourage everyone to checkout the blog and feel free to add comments 😃<\/p>\n\n\n\n <\/p>\n\n\n\n Bradley:\n<\/strong>Our next education related article will pick up the theme of liquidity.\nWe feel this is poorly understood in relation to tokens on DEXs like pcs and\nuniswap. And it’s so important! Just understanding this and how AMMs work can\nreally up your investing game.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Right! I like this direction! Don’t stop!<\/p>\n\n\n\n keyoke: <\/strong>Go read\nBradleys blog article on how AMMs work, it’s excellent 👍<\/p>\n\n\n\n keyoke: <\/strong>Hahah, we\ncan’t stop Bradley even if we wanted to 😂<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>I will👍 thank you for your\nanswers! Ready for the next question?<\/p>\n\n\n\n Bradley:\n<\/strong>I do like to talk that is true. . .<\/p>\n\n\n\n Bradley:\n<\/strong>Yes please<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Ahaha😂<\/p>\n\n\n\n Q2 from Telegram user @JesusFre1tes <\/em><\/strong><\/p>\n\n\n\n One of the things that has caught my attention is\nthe multiple utility tokens that BitDiamond has. Among them are $BTDDMD,\n$BTDTRS, $BTDART, $BTDCLM, $BTDBNT and $BTDTRV. We are used to seeing only two\nor three types of tokens within decentralized platforms, in the case of\nBitDiamond, what have been the reasons why they have assigned so many types of\ntokens to their DeFi model? What are the functionalities of each of these\ntokens within the BitDiamond ecosystem? Why not build a universal token that\nhas all the necessary functionalities to operate within your platform?<\/em><\/p>\n\n\n\n Bradley:\n<\/strong>Another great question, thank you JesusFre1tes.<\/p>\n\n\n\n Bradley:\n<\/strong>All of the tokens have a different purpose. BTDMD is our platform token,\nit’s a BEP-20 (so like an ERC-20, so not an NFT). Its purpose is to be a store\nof value that more and more people want to hold as holding it offers value\nacross the platform (for example your BTDMD balance gives you a powerup in\nTreasureHunt, and lower fees on the NFT marketplace).<\/p>\n\n\n\n Bradley:\n<\/strong>BTDTRS is our treasurehunt token that is an algorithmically generated NFT\nwith a wide range of characteristics based on probability. This is your\ncryptokitty equivalent :).<\/p>\n\n\n\n Bradley:\n<\/strong>Combined with features of cryptopunks<\/p>\n\n\n\n Bradley:\n<\/strong>BTDART allows you to generate your own NFTs whenever you want, without\ncharge. This is our OpenSea<\/p>\n\n\n\n Bradley:\n<\/strong>Except free 🙂<\/p>\n\n\n\n Bradley:\n<\/strong>BTDBNT are the NFTs that control our instant win BNB prizes. If you match\na BTDBNT with a treasure token you hold you can claim the prize, delivered to\nyou instantly and 100% autonomously and trustlessly.<\/p>\n\n\n\n Bradley:\n<\/strong>BTDCLM are very special – you can only generated one of these if you are\neligibile to claim one of the two grand prizes. This proves, on the blockchain,\nyour claim. We can’t think of a better way to have an entirely auditable record\nof you winning these valuable prizes.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Where we can trade all of them?<\/p>\n\n\n\n Bradley:\n<\/strong>No one token could do all of that, not least as they are different\nclasses of token (NFT vs BEP-20).<\/p>\n\n\n\n Bradley:\n<\/strong>You can trade at our NFT marketplace 🙂<\/p>\n\n\n\n Bradley:\n<\/strong>https:\/\/btdmd.com\/nfts-for-sale<\/p>\n\n\n\n Bradley:\n<\/strong>I guess the key point is that BitDiamond is a platform. We have a main\ntoken (BTDMD), but also a lot on top of that.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Great! What about your marketplace trading volume?\nDo you have stats?😉<\/p>\n\n\n\n Bradley:\n<\/strong>Haha, not yet, but I believe current trading volume is something like 0\nNFTs traded<\/p>\n\n\n\n Bradley:\n<\/strong>We only launched less than a week ago 🙂<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Honest answer 😃<\/p>\n\n\n\n Bradley:\n<\/strong>This is our first major marketing engagement post launch.<\/p>\n\n\n\n Bradley:\n<\/strong>Always honest at BitDiamond. There’s too much dishonesty out there\nalready.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>And i believe that everything is in the nearest\nfuture 👍<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for your answers<\/p>\n\n\n\n Bradley:\n<\/strong>That’s right. We launched our platform token earlier this year, our v2\nrelease went in on 28 August.<\/p>\n\n\n\n Bradley:\n<\/strong>And we love developing so do that all the time anyway 😃<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Ready to proceed to the next question?<\/p>\n\n\n\n Bradley:\n<\/strong>In fact, we are being quite disciplined in getting out of the cave to\ntell people about the cool things we’ve built 😄<\/p>\n\n\n\n Bradley:\n<\/strong>Yes please<\/p>\n\n\n\n Q3 from Telegram user @meml97 <\/em><\/strong><\/em><\/p>\n\n\n\n It came to my attention that there is a \u201cTreasure\nHunt\u201d option on BitDiamond, can you give us more details about it? How will it\nexactly work? I also noticed that there are several features on this option\nthat I didn\u2019t quite understand their purpose, such as \u201cLoaded Modifiers\u201d and\nthe possibility to look out for a treasure box with certain characteristics\nsuch as \u201cRarity, Power, Setting, Color, Cut, Carat, Clarity\u201d. So, why are all\nthis features on the Treasure Hunt needed? On what will they affect our\nTreasure Hunt and the prizes we could get from it? Will the benefits we get\nfrom this hunt vary depending on those characteristics and modifiers?<\/em><\/p>\n\n\n\n Bradley:\n<\/strong>Thank you for asking meml97, that’s a great set of questions.<\/p>\n\n\n\n Bradley:\n<\/strong>This is the signature element of our v2 platform and it’s a little\ncomplicated, but trust me it’s worth getting to grips with :).<\/p>\n\n\n\n Bradley:\n<\/strong>This is like treasure hunts when we were kids – if you Hunt on our\nplatform for treasure you will get algorithmically generated NFTs (there are\noptions if you want 10, 25, 50 or 100). These have six characteristics, with\neach characteristic able to be one of many values, with these values varying in\nrareness. As I said, think something like cryptokitties, combined with\ncryptopunks.<\/p>\n\n\n\n Bradley:\n<\/strong>These are randomly assigned BUT you can hold modifiers that massively\nincrease your chance of getting a good result. For example, your chances of a\nMagical item are 1% without any modifier. If you hold a supporter and a\nprotector NFT they BOTH add 1% to that chance, meaning you have tripled your\nchances of a Magical item to 3%. If you hold 150,000 BTDMD on your wallet that\ngives you +3%, and if you stake that 150,000 that’s +6%!<\/p>\n\n\n\n Bradley:\n<\/strong>If you match an item in bounties you win that prize. Rarer items get a\nhigher prize. And if you get the nine rarest items in your wallet you can claim\nthe Trove grand prize (currently around $9k in BTDMD and growing).<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Is it first Treasure Hunt or you already have\nprevious hunts winners?<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/image-144.png\")
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