{"id":9428,"date":"2021-05-25T12:00:36","date_gmt":"2021-05-25T09:00:36","guid":{"rendered":"https:\/\/esatoshi.club\/?p=9428"},"modified":"2021-05-25T12:53:55","modified_gmt":"2021-05-25T09:53:55","slug":"ama-satoshi-club-x-dragonbite-may-21st-2","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/05\/25\/ama-satoshi-club-x-dragonbite-may-21st-2\/","title":{"rendered":"AMA Satoshi Club x DragonBite, May 21st"},"content":{"rendered":"\n

We were delighted to welcome our guest from DragonBite. The AMA took place on May 21st, 2021 and our guest was @DB_Elvan .<\/p>\n\n\n\n

The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014\nintroduction and questions from the\nTelegram&Bitcointalk community<\/strong><\/h2>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Hello  Satoshi\nClub! We are happy to announce our AMA session with DragonBite! Welcome to\nSatoshi Club😀<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>today our guest – @DB_Elvan ! welcome to our club!<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Hello<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>hello! welcome!😊<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Hello, Elvan! Welcome here! 😀<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Hello @Cool_as_Ice\n@madamlobster and our buddies in Satoshi club. I am so pleased to be hear\ntoday!<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>good to have you here! how is your day going?<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>It’s a pleasure to have you as Satoshi Club guest\ntoday 👍<\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>Thanks TGIF, I had a\nreally productive week, as all of the DragonBite Team are busy preparing our\nlaunch in 31\/5! How you guys doing?<\/p>\n\n\n\n

D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>awesome! very\ngood, thanks! ☺️<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>We are fine! Excited to have our AMA today and want\nto know about DragonBite as much as possible 😉<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Fantastic!<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>So, Elvan, could you please introduce yourself and\ntell us more about DragonBite!<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>For sure, I will try\nmy best to get you know the whole picture of DragonBite<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>nice! then let’s begin with intro! 😊 @DB_Elvan\ncould please introduce yourself and tell as about DragonBite😉<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Sure.<\/p>\n\n\n\n

My name is Elvan Yau and I am the COO of DragonBite. I am a serial\nentrepreneur. I bought my first bitcoin back in 2015 and found the first\nBlockchain startup in 2017, it was a payment infrastructure allowing people to\nbuy Bitcoin and Ether with Visa and Mastercard. I have also involved in the\nloyalty industry for years. During the time I worked in AsiaTop as the director\nof Product, I realized there\u2019s intrinsic problems of digital assets as the\ninterest of the program providers are usually not the same to end user.<\/p>\n\n\n\n

Loyalty programs are literally everywhere. Today,  there are more than 95% of the population\nowns loyalty points. You might not realised, the value of digital asset has exceeded\nUS dollar in circulation in the world. The market capitalisation of digital\nassets in 2020 was 1.6T dollars, including 700B in giftcards, 300B In loyalty\npoints and 50B in gaming assets. <\/p>\n\n\n\n

The existing mechanism is set to discourage you from using them.\nTherefore, The utilization rate of these assets is only 7%. <\/p>\n\n\n\n

Most of the time, loyalty programs are bounded by Terms & conditions,\nyour purchasing power would be discounted, also the products or services\noffered to be redeemed are limited and are always not attractive. Generally,\nyour digital assets come from different providers. As a result, they are\nscattered, usually forgotten, left idle and would eventually be expired. <\/p>\n\n\n\n

I saw the problem and thought blockchain would be right the solution and\ncame up with the DragonBite idea.<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>nice! so i know you guys building DragonBite since 2018? right? 😇<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Awesome experience! How did you get involved with\nDragonBite?<\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>We have been\npreparing Dragonbite by acquiring merchants \/ partners and resources.<\/p>\n\n\n\n

I saw the problem and thought blockchain would be right the solution and\ncame up with this DragonBite idea right…<\/p>\n\n\n\n

I talked with Mickeal, my buddy that we met in a crypto event in Dubai in\n2018 and I also pitched my stategic advisor Andy about the idea and Andy agreed\nto support me with his business knowhow in loyalty industry and to share\nresources and network.<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Thats how we started\nDragonBite<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Historical events! I like to listen to such kind of\nstories how people connected and started something special!<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Me too, its always\ninteresting to know how the chemistry bonded and started<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Sure! Thank you for your intro, Elvan! Do you want\nto add something or we can dive deeper into the questions from our community 😉<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Sure. Lets dive\ndeeper. I am ready<\/p>\n\n\n\n

Q1 from Telegram user @imwiiw27<\/em><\/strong><\/p>\n\n\n\n

DragonBite Announces First Major Listing on BitMart.\nCongratulations guys. What will be the benefits of this new partnership? Could\nyou mind tell us what will be your next steps? Do you have any particular plans\nto have presale or IDO?<\/em><\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>\u201cLiquidity\u201d is the\npresent we are bringing to the crypto world. Many of the blockchain projects\nfacilitate only speculation purposes. The use cases, are limited in the\nblockchain industry.  <\/p>\n\n\n\n

DragonBite provides real life use cases. We aim to remove the intrinsic\ninefficiencies of loyal points by allowing loyalty points turn into\ncryptocurrency. The whole idea is to facilitate loyalty points\u2019 owner. <\/p>\n\n\n\n

95% of the population owns loyalty point but the adaption rate of\ncryptocurrency is only 5%. DragonBite provides an easy and straight forward way\nfor non-crypto users embrace the crypto space. <\/p>\n\n\n\n

With BitMart, users will be able access BitMart\u2019s features including all\nthe cryptocurrencies listed on Bitmart to purchase and sell, without having to\nleave DragonBite. <\/p>\n\n\n\n

On the other hand, users could also convert cryptocurrencies in to\nmerchants cash vouchers \/ gift cards on DragonBite. <\/p>\n\n\n\n

Crypto exchanges are often confusing for non-native crypto people due to\nthe specific vocabulary and lack of trading knowledge. Having access to the\ncryptocurrencies at real time prices listed on BitMart from DragonBite without\nrequiring users to create a new login will certainly motivate users of the\nDragonBite platform to explore what BitMart has to offer. We think this would\nallow more people to experience cryptocurrencies comfortably without getting\nconfused by a change of UX and habits.<\/p>\n\n\n\n

Regarding the $BITE sale, We have closed our private round, we have 3 launchpads coming up on MANTRADAO, PolkaBridge and DUCKDAO. We will be listing on Uniswap on 31\/5<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Can you give us more details about upcoming Zendit\nlaunchpad? Which requirements to participate?<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>yes, are there some special requirements like holding projects’ tokens or\nsomething? to be able to participate<\/p>\n\n\n\n

Elvan | DragonBite 🐉: <\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

https:\/\/dragonbite.medium.com\/dragonbite-announces-its-first-token-offering-on-zendit-mantradaos-launchpad-8adb7ef168b7<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u041c\u0430<\/strong>ry Satoshi CLUB: <\/strong>It’s\nclear! And we still have time to apply for whitelist 👍<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>For anyone\ninterested, please go ahead and follow the instructions 😄<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Satoshiclubbers 😉 pay\nattention! Thank you for your answers! Ready to go to\nthe next question?😉<\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong>Yes for sure!<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>let’s go!🚀<\/p>\n\n\n\n

Q2 from Telegram user @meml97<\/em><\/strong><\/p>\n\n\n\n

On DragonBite, we can turn our Idle Reward Points\ninto Crypto, which is something really interesting, but I wonder, how is this\npossible? How is the process of turning this reward points into crypto and is\nthere any kind of convertion fee we need to pay for this? Is there a certain\nmin. and max. limit of points I can turn into crypto at the same time? Also, on\nwhat kind of tokens I can turn my points into?<\/em><\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>Thats a very good\nquestion. You cannot convert Apple to Orange. That is what DragonBite is\nsolving for you with our Duo Token Mechanism.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/DragonBiteDB\/status\/1384824258845622274\/photo\/1\n<\/div><\/figure>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Let me begin with\nintroducing the utility of our tokens<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Sure! We are very interested in this!<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>a) $BITE, is our\nincentive token, which has limited supply. It will be publicly traded on Crypto\nExchange. Merchants and partners, who utilize our platform to provide loyalty\nprogram and promotion activities, will be charged in the form of $BITE. $BITE\nis also required as transaction to bid valuable assets in our auction platform,\nto access our privilege services, to exchange $BITEPoint, to purchase coupons\nor gift cards, and to pre-pay DragonBite card. On the other hand, user or\npartner, who participates in trading activity and make contribution in our\necosystem, will be rewarded with $BITE. $BITE holders will earn more $BITE from\nstaking, too.  We provide sufficient\nincentive to our active users to do asset conversion, member referral and\nbusiness referral.  The more $BITE you\nhold, the more $BITE you will get and the greater voting power you will have in\nthe DragonBite ecosystem. <\/p>\n\n\n\n

b) $BITEPoint is DragonBite\u2019s universal stablecoin, pegged 1:1 with the\nUS Dollar back by all the digital asset in the ecosystem BITE Point acts as a\nmedium of exchange between Digital Assets and provides liquidity to buyers and\nsellers of their digital assets on DragonBite\u2019s ecosystem.<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>How many tokens will be $BITE total supply?😀 Very\ninteresting system! For now i see only benefits 😉<\/p>\n\n\n\n

D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>so i can\nconvert all my $BITE into $BITEPoint and leave them there to avoid the\nvolatility of crypto? if i want to<\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>To answer your answer\nin short. $BITEPoint (our stable token peg 1:1 to usd) will be used as the\nmedium between different assets, in this case reward points and Crypto, assets\nwill be given a value in backend by our Multi-Asset conversion engine. And yes,\nconvertion fee will be charged for end user enjoying the swap with $BITE.<\/p>\n\n\n\n

\u041c\u0430<\/strong>ry Satoshi CLUB: <\/strong>Ohhh,\nthat’s idea😂<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Multi-Asset\nconversion engine (MACE) is a protocol system that matches buy and sell digital\nassets through DragonBite App. It utilises our digital asset pool and platform\nto rapidly convert any supported digital asset into the other digital asset at\nprevailing market value. So, digital assets, such as loyalty points, e-vouchers\nand in-game assets will be spendable in any place in the world. The MACE will\nbe linked to no less than five top loyalty programmes and crypto exchanges when\nwe launch<\/p>\n\n\n\n

$BITE Total supply will be 1B<\/p>\n\n\n\n

exactly!<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>very nice!<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>When DragonBite app will be available for usage?<\/p>\n\n\n\n

D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>do people\nhave to share some personal information with DragonBite app?<\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>Yes, we do basic KYC\nto protect our user, ecosystem and stakeholders<\/p>\n\n\n\n

D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>got it 👌<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>and users may deposit\ntheir digital assets and enjoy the swap 🙂. haha sorry\nmiss that. It will be available in Q4 2021! will be on appstore available for\ndownload!<\/p>\n\n\n\n

\u041c\u0430ry Satoshi\nCLUB: <\/strong>We will wait for this event 🥳🥳🥳 Google\nplay?<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Very exciting!<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Google play and Apple\nappstore of coz<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Fantastic 🚀<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Thank you for your answers! Ready to proceed?😉<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Yes Lets go<\/p>\n\n\n\n

Q3 from Telegram user @Josegamboac<\/em><\/strong><\/p>\n\n\n\n

Dragonbite offers 2 cards to its users: Standard\nDragonbite Card, Premium Dragonbite Card. What requirements do I need to obtain\neach of them? What benefit does each one offer? and how is one different from\nthe other?<\/em><\/p>\n\n\n\n

Elvan | DragonBite 🐉:<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/strong>DragonBite pre-paid card allows users to spend at more than 30 million merchants and withdraw money from 2 million ATMs worldwide. To order a DragonBite Card (physical or virtual), users can request directly through the DragonBite App or website. All issued DragonBite Cards will be connected to our multi-currency conversion engine and DragonBite App. Clients will have the choice to order a virtual card and\/or a physical card. Using DragonBite\u2019s MACE (Multi-Asset Conversion Engine) Module, the DragonBite Card enables all supported cryptocurrencies to be spent in real-life consumption.<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Will you cards be available for all regions or some\nwill be restricted?<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>i want this!<\/p>\n\n\n\n

\u041c\u0430<\/strong>ry Satoshi CLUB: <\/strong>Me as\nwell, that’s why i am asking, my country often restricted from such kind of\ncards<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>We are trying our\nbest to facilitate to every single corner around the globe, however we do understand\nthere are restrictions from countries that we have to comply. We are working on\nit, details will be announced on our twitter, medium and our telegram group.\nStay tuned! I know right!<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Thank you, i am watching 😂 i\ndefinitely want your card! Ready to jump to the next question?😉<\/p>\n\n\n\n

D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>as do i 😄<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Me too, i just love\nhow it looks 😄<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>For sure<\/p>\n\n\n\n

Q4 from Telegram user @victorogb<\/em><\/strong><\/p>\n\n\n\n

Sticking to it\u2019s mandate of unlocking the true value\nof digital assets, DragonBite also aims to extend this service to the gaming\nindustry by working to unlock the value of gaming assets, made achievable by\nallowing BITE point as the common currency running through the various gaming\nplatforms. However, most gaming platforms are particularly strict and wouldn\u2019t\npermit such actions on their franchise products, while a majority of them\nalready have features to cater for such customer needs. How will DragonBite\neffectively achieve this, and considering that most gaming platforms run an\nentire system mostly with their native token, how would BITE point be relevant\nhere?<\/em><\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>I believe gamers are\none of the most crypto-friendly communities as gamers have been living in\nvirtual world, they have been looting, fighting, trading all digital weapons\nand in-game assets for decades online and offline. Speaking of trading, I know\nthere is market and economic value for unique assets (Weapon, Loots) in online\ngames, people sell online on forums or even eBay. <\/p>\n\n\n\n

I understand enjin has been working to disrupt this idle gaming assets by\nminting weapons, in game-assets into NFT. They have been working on it and the\nidea is proven work. Gaming platforms understand there will be beneficial to\nthem by allowing in game assets recycle, that would increase the engaging rate,\nstickness and allow players come back to the version 2.0 of the same game. <\/p>\n\n\n\n

DragonBite understands theres value in gaming assets, players work hard\nfor weapons which are unique and same as loyalty points, the value should be\nsecured and should not be stolen away. Dragonbite will collaborate with NFT –\ndApps gaming partners, onboard them as merchants and provide liquidity to them\nby bridging gaming assets to other digital assets in our ecosystem!<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Do you approximately know how it will work? I have\nsome weapons in some games and really interested in this<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Same gaming companies\nwill allow weapons to be minted into NFT, then you may sell or auction on\nDragonBite into $BITE \/ $BITEPoint<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>that’s make sense<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Enjin is actually\ndoing a good job!<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>That’s nice! Now i am waiting for this also😂<\/p>\n\n\n\n

Thank you for your answers, Elvan! Are you ready for the next question?<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Elvan | DragonBite 🐉:<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/strong>https:\/\/enjin.io\/blog\/how-nfts-bring-realness-to-virtual-card-games<\/a><\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>It’s connected to previous, btw😉<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Yes!<\/p>\n\n\n\n

Q5 from Telegram user @Ruttiee<\/em><\/strong><\/p>\n\n\n\n

Do Dragon Bite have any plans to include NFTs as\npart of the digital assets users can buy and sell?<\/em><\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>we already touched this a bit  😄<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>haha yes<\/p>\n\n\n\n

NFT is definitely an excited topic. As a digital asset marketplace, allow\nassets class to swap and convert. NFT, unique assets would also be supported on\nour platform in the future. We will partner with dApps \/ existing NFTs also\nwould eventually provide values (sotheby’s) to non-fungible assets, such as\ncinema and concert ticket, art works and tokenise them. Liquidity would be\nprovided to these NFTs in DragonBite! In the future, I believe we will see more\nuse cases for NFT and the application of NFT to identify identities that could\nbe useful in certain scenarios.<\/p>\n\n\n\n

\u041c\u0430ry Satoshi CLUB: <\/strong>Btw, which partnerships in crypto do you already have?<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>will user\nbe able to swap NFTs into your app? you also have plans on this? i know some\nprojects think about this – NFTs swap, aggregation etc<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Wow! Great job 👌<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Yes of coz we do, NFT\nwill be available as it is classified as one of the digital assets<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>Users may buy \/ sell\n\/ swap and auction<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Which blockchains you will support?<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Ohhh, i think we can talk about this while answering\nnext question 😉. @DB_Elvan ready for the 6th and last question from\nthis part?<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>We are built on\nERC-20 right now and planning to migrate to RioChain in Q4. Sure!<\/p>\n\n\n\n

Q6 from Telegram user @yellowchamp<\/em><\/strong><\/p>\n\n\n\n

DragonBite will migrate to RioChain this coming 3rd\nquarter of this year,so what is the reason of migration? Why does your platform\nchoose to migrate in RioChain? What advantages and strong points that RioChain\nwill bring to DragonBite users with this migration? Thank you!<\/em><\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>RioChain enable lower\ntransaction fees and faster confirmations. Also the cross-chain\ninteroperability so that you can work across many different blockchains. It\u2019s\nbecause RioChain is built on Substrate, which is a high-performance blockchain\nframework developed by Parity Technologies for the Polkadot ecosystem.<\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>We are expecting high\namount of transactions as we facilitate 95% of the populations who owns loyalty\npoints. We have to ensure a lower transaction fee and effcient user experience.<\/p>\n\n\n\n

D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>after migration you will still support erc20 standard? and do you have\nplans to explore other blockchains as well? BSC, Cosmos, Avax ?<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>Yes, this will be great, as transaction fees is a\nreal problem now<\/p>\n\n\n\n

Elvan | DragonBite\n<\/strong>🐉<\/strong>: <\/strong>Yes, it is likely for\nus to support erc20, we do not have plans exploring more blockchains as this\nmoment.<\/p>\n\n\n\n

Elvan |\nDragonBite <\/strong>🐉<\/strong>: <\/strong>yes the gas fees are\nvery volatile when i transfer 😄<\/p>\n\n\n\n

\u041c\u0430ry\nSatoshi CLUB: <\/strong>I am feeling like a real whale when i am telling\nthat i transferred or swapped something on Ethereum 😂 <\/p>\n\n\n\n

Part 2 \u2014 live questions from\nthe Telegram community<\/h2>\n\n\n\n

Q1 from Telegram User @Shaa93 <\/strong><\/em><\/p>\n\n\n\n

“DragonBite” – I want to know : What is the meaning of this name?<\/em><\/p>\n\n\n\n

@DB_Elvan<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

There is a myth long time ago about a magic dragon🐲……who has the ability to turn the object into gold🥇🥇 after just one bite. In our galaxy🌠, we have many planets which are named after different loyalty programs……our magic dragon, who see opportunities there, will give the loyalty planet a “bite” and turn it into “crypto”. 💰💰 <\/p>\n\n\n\n

Not all dragons blow fire, some bite!<\/p>\n\n\n\n

Q2 from Telegram User @swagncool<\/em><\/strong><\/p>\n\n\n\n

How secure is DragonBite?<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

We implement our technologies based on the banking practices to boost our security level. <\/p>\n\n\n\n

Our tokens are protected by mix of hot, warm and cold technologies in order to maximize our security protection. <\/p>\n\n\n\n

DragonBite does not handle the assets of our clients. All of their assets will be safely kept in custodian, Hex Trust, all the time. <\/p>\n\n\n\n

The infrastructure of DragonBite Wallet adopts the state-of-the-art security features which protect all transactions inside the platform through several methodologies, that are biometric fingerprint, facial recognition, pattern-recognition and passcode access.  Therefore, users, who cannot remember their passwords, can still log into their accounts by using their fingerprints or head portraits on mobile devices.  Anyway, biometric detection technology should give a higher security protection than passcode access.<\/p>\n\n\n\n

Q3 from Telegram User @zxcvbnmnbvcxza<\/em><\/strong><\/p>\n\n\n\n

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

DragonBite\u2019s founders have over 20 year\u2019s experience in payment, digital banking and investment banking. We have good reputations and good track records in our industries. Our goal is to build a legitimate and healthy ecosystem to grow with our community. Our mechanism protects every stakeholder in the ecosystem as the teams\u2019 token will be locked up for 30 months. Since its inception in 2018, DragonBite has collaborated with leading companies in the field of blockchain, loyalty points and gaming. Today, Bite Point can be spent in 50,000 merchants point of sale. We are also partnering with Banks & major financial services, cryptocurrency exchanges and different blockchain ecosystem. We are the reseller of Steam, Google Play and Apple Giftcard.<\/p>\n\n\n\n

Q4 from Telegram User @liamnoah456<\/em><\/strong><\/p>\n\n\n\n

Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?<\/em><\/p>\n\n\n\n

Elvan | DragonBite 🐉: <\/strong><\/p>\n\n\n\n

I have encountered a lot of enquires about what is the benefit holding $BITE long-term. <\/p>\n\n\n\n

I believe the success of DragonBite ecosystem and the value of $BITE aligns. It depends on 3 KPIs: <\/p>\n\n\n\n

1) Number of merchants \/ partners <\/p>\n\n\n\n

2) Size of digital asset pool <\/p>\n\n\n\n

3) Number of users The more merchants \/ partners would provide larger liquidity and hence an increase size of digital asset in our pool. <\/p>\n\n\n\n

The more assets supported for conversion, the more users would be acquired. These 3 KPIs would create a virtuous circle and as a result more transactions happen in DragonBite. More $Bite would be needed for transaction fee and as the demand increases, value rise. I am very confident in DragonBite and I believe we will grow with the community and get mutual benefits, investors definitely would get benefit from holding $BITE in long term.<\/p>\n\n\n\n

Q5 from Telegram User @Josegamboac<\/em><\/strong><\/p>\n\n\n\n

Dragonbite has the 6 in 1 solution which has the following characteristics: D UAL token,  pre-paid card, a conversion of sset, governance, loyalty pool, analytics. Can you explain each of these characteristics in a simple way?<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

6-in-1 solution includes Dual token machanism, pRe-paid card, Asset conversion, Governance, lOyalty Pool and aNalytics. <\/p>\n\n\n\n

As mentioned, Dual Token, $Bite is for utility purposes within DragonBite ecosystem and Bite Point uses as the medium of exchange between assets. <\/p>\n\n\n\n

Our pre-paid card allows users to spend at more than 30 million merchants and withdraw money from 2 million ATMs worldwide. To order a DragonBite Card (physical or virtual), users can request directly through the DragonBite App or website <\/p>\n\n\n\n

Multi-Asset conversion engine (MACE) is a protocol system that matches buy and sell digital assets through DragonBite App <\/p>\n\n\n\n

For Governace, eventually DragonBite will be migrating and become a DAO. In order to submit a proposal and vote within the DragonBite ecosystem, a member must first hold BITE. Each staked BITE represents 1 vote. <\/p>\n\n\n\n

A loyalty rewards platform allows the converting of reward points from one brand to another. Customers can select their favorite loyalty program from our list. After entering their credentials for the login process, the app would return available points or air mileages to their accounts (and the equivalent amount in BITE). Exchanges are secured by our blockchain technology. \u2022 Exchanges are visible within a few seconds \u2022 Everything is performed simply through the DragonBite app with a user-friendly and seamless experience <\/p>\n\n\n\n

Our Online-to-Offline (O2O) execution platform is an advanced geo-targeting tool. Merchants who connect to our platform using API and design their own campaign to drive online traffic to their physical stores. End-users who are near the targeted location will receive real-time promotion notifications from our merchants based on the customers\u2019 demographics, preferences and spending behaviour.<\/p>\n\n\n\n

Q6 from Telegram User @BANGLADESHAWAMILIG<\/em><\/strong><\/p>\n\n\n\n

What are your plans for global expansion? Currently, which markets to focus on, or is it focused on building and growing to get customers, users and partners?<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

I believe a strong product & solution would attract community members & supporters as they feel the same pain and will be support the solution which benefit themselves. Alongside with the legitimate and long term solution for mutual benefits with the community. We will focus on marketing in order to let more people know about us and join our community. Gaming industry is one of the sector our marketing efforts will focus in as there are synergies between gaming and the crypto world. We target globally although we have already acquired 50,000 merchants points of sale in Asia. However, our team based in US, UK, Singapore and Hong Kong. Our reach will be in these are area and grow simultaneously.<\/p>\n\n\n\n

Q7 from Telegram User @Steffiiigray5<\/em><\/strong><\/p>\n\n\n\n

What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally?<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

Our team is extremely confident, we never worried about survival and sustainability. Growth is the only word in our dictionary. The confidence is back by the real life problem we are tackling. 95% of the population owns loyalty points and the intrinsic problem with the digital assets are obvious with 1.6T value yet to be unlocked. <\/p>\n\n\n\n

Our project is legitimate, we aim to grow along with our community and seek for mutual, long term benefits. We treasure every single member in our community, the feedbacks are very important and we are open to comments and make improvements. <\/p>\n\n\n\n

The character of blockchain is decentralised, as strong believers of blockchain, we hold tight the values and embrace the trend happening in the world. Eventually, DragonBite would become a DAO. The more $BITE you have, the voting power you have to make major change to the ecosystem! Everyone would become the stakeholder of DragonBite and you too!<\/p>\n\n\n\n

Q8 from Telegram User @potentialsake<\/em><\/strong><\/p>\n\n\n\n

What is going to be the first blockchain that your token support and did you audit your smart contract?<\/em><\/p>\n\n\n\n

Elvan | DragonBite 🐉: <\/strong><\/p>\n\n\n\n

We are on ERC-20, Audit was completed by hex trust.<\/p>\n\n\n\n

Q9 from Telegram User @tubakhalid<\/em><\/strong><\/p>\n\n\n\n

😍😍😍Could you please elaborate more about your tokenomics?
What\u2019s the total supply and what kind of plans do you have regarding the token unlocks in the future????????????????😍😍<\/em><\/p>\n\n\n\n

Elvan | DragonBite 🐉: <\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Q10 from Telegram User @highpee<\/em><\/strong><\/p>\n\n\n\n

From the interesting stats you gave, 95% of population have one form of loyalty point or the other, but the utilisation rate is about 7%. How then will you make it possible for users to be able to put their idle loyalty into action? What will users be able to do with these vouchers on your platform bearing in mind that they were not issued by you?<\/em><\/p>\n\n\n\n

Elvan | DragonBite <\/strong>🐉<\/strong>: <\/strong><\/strong><\/p>\n\n\n\n

The utlisation rate was low simply because the existing mechanism is set to discourage you from using them. Most of the time, loyalty programs are bounded by Terms & conditions, your purchasing power would be discounted, also the products or services offered to be redeemed are limited and are always not attractive. Generally, your digital assets come from different providers. As a result, they are scattered, usually forgotten, left idle and would eventually be expired. DragonBite allow users to deposit and convert the digital assets, they may manage all their digital assets in 1 app 1 password and convert to cryptocurrencies so they will never expired with upside. According our survey with AsiaTop 1m userbased, over 50% of users are willing and will be enjoy using DragonBite. BitePoints will be able to convert to cash vouchers in 50,000+ merchants point of sales, as we are partnering with AsiaTop which the merchants already have formed partnership, all we have to do is to connect our backend and settle to different parties via our partner.<\/p>\n\n\n\n

Part 3 \u2013 Quiz\nResults<\/strong><\/h2>\n\n\n\n

In the final part we tested your knowledge in terms of DragonBite. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 300$.<\/p>\n\n\n\n

For more information and\nfuture AMAs, join our Social Media channels:<\/strong>
\nEnglish Telegram group: https:\/\/t.me\/Satoshi_club<\/a>
\nRussian Telegram group: https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n

Spanish Telegram group: https:\/\/t.me\/satoshi_club_spanish<\/a>
\nTelegram Channel: https:\/\/t.me\/satoshi_club_channel<\/a>
\nTwitter: https:\/\/twitter.com\/realsatoshiclub<\/a>
\nWebsite: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Our partners:<\/strong><\/p>\n\n\n\n

DragonBite Website \u2013 dragonbite.io<\/a>
DragonBite Telegram \u2013 @DragonBite<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

We were delighted to welcome our guest from DragonBite. The AMA took place on May 21st, 2021 and our guest was @DB_Elvan . The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you. Part 1 \u2014 […]<\/p>\n","protected":false},"author":34,"featured_media":9443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/9428"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=9428"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/9428\/revisions"}],"predecessor-version":[{"id":9444,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/9428\/revisions\/9444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/9443"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=9428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=9428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=9428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}