DragonBite AMA recap with Crypto Society -12 May 2021 , hosting Mickael Costache and Florence
Bilo 2000
Hi @mcostache @FlorenceDragonBite It’s our pleasure to have you with us today. I would like to welcome you here on behalf of our entire community.
Florence | DragonBite 🏵
Hello ladies and gentlemen
My pleasure to have AMA with Crypto Society
Mickael Costache
Hi everyone it’s a pleasure to be here today
Bilo 2000
Could we begin with a brief history of yourself and your team, and your roles at DragonBite and what you were doing before DragonBite?
Florence | DragonBite 🏵
Sure
DragonBite is founded by a talented team of blockchain enthusiasts. The team has accumulated over 50 years of experience in digital marketing, technology, loyalty, payments, banking, consulting and fintech. The DragonBite team is based in China, Hong Kong, Singapore, the United Kingdom and the United States.
I am Florence, the CFO of DragonBite. I have been very excited about Blockchain technology since 2017. I have been working in Fintech company, Bloomberg, for over 12 years…. built trading platform for Money market, FX and short term debt for the world.
Mickael Costache
My name is Mickael and I’m the CEO of DragonBite. Previously, I was the Regional Director for the Middle East, Asia and Africa at Espeo Blockchain, one of the leading blockchain development and consultancy studios in the world. I am based in New York but spend a lot of time on the ground in blockchain hubs such as Singapore or Hong Kong. I also enjoy assisting companies and entrepreneurs to turn their ideas into working decentralized solutions, ranging from product development to conceiving complex blockchain solutions for large enterprises, as well as blockchain advisory.
Bilo 2000
How would you describe DragonBite’s if you were talking to someone unfamiliar with digital assets?
Florence | DragonBite 🏵
DragonBite is a truly open decentralised Asset Management platform for customers to store and swap all kinds of digital assets in One App with One password! Our vision is to disrupt the loyalty market with innovative business models and technology.
DragonBite is a digital wallet for all customers to store their digital assets, including Loyalty points, E-vouchers, E-coupons, Gift cards, Air mileages, In-game assets and Cryptocurrencies. DragonBite can preserve the value of your loyalty continuously and aggregate all your scattered assets into one wallet with one password.
DragonBite is the solution to a massive and global problem: there is more value in loyalty points, rewards and coupons in circulation in the world than US dollars, yet the majority of these digital assets are idle. The lack of a unified platform for users to redeem and spend their loyalty points means that every year hundreds of billions of dollar worth of assets become stale.
Bilo 2000
Can you describe the DragonBite use cases for Gaming, Loyalty Points and gift cards?
Mickael Costache
Yes sure thing — let me walk you through a few use cases. Gamers can deposit their virtual in-game assets into our digital wallet. When online gamers have completed a game and moved forward to another, they can now convert their in-game assets into Gift cards, Air miles or any other digital assets such as cryptocurrency. This is something very unique and adding a lot of value.
With DragonBite, travellers will be able to convert their miles to a dining coupon at a nice restaurant for example or if they want they can also convert their mileage into Bitcoin or other cryptocurrencies. If they apply for our DragonBite MasterCard successfully, they can also spend their airmiles on daily consumption too!
Currently, the redemption rate of loyalty programs is just 7% and most people can’t redeem their points. DragonBite is a newly developed digital wallet for customers to aggregate all their loyalty points, E- vouchers, E-coupons, Air mileages, Gaming points and other digital assets. It provides a secure and convenient platform for customers to transfer and swap digital assets on DragonBite. Customers will be able to spend their idle points to our pre-pay DragonBite cards for their daily consumption in real life.
Bilo 2000
That’s quite unique. Very nice! 🔥
Can you give us a comparison on how DragonBite’s loyalty program differs from others?
Mickael Costache
Yes of course — the big difference is that we are creating a full global ecosystem linking a very high number of loyalty points. The problem we are trying to solve is that it’s currently extremely hard to redeem points or to go against their pre-determined expiration dates. We are giving freedom to our users to use their hard earned assets the way they want to…Wouldn’t you prefer to swap your expiring airmiles or hotel points for ETH or BTC instead of a tea kettle? 😄
Florence | DragonBite 🏵
May I add more
Bilo 2000
ofc
Florence | DragonBite 🏵
DragonBite has three main advantage against its competitors
1. Partner with many merchants. DragonBite has a comprehensive partner ecosystem. We have already gained access to over 5,000 merchants with 50,000 points of sale.
2. Large customer base. DragonBite can penetrate into the customer base of its merchant partners. They have serviced over one million customers in China.
3. Truly open loop decentralised system. Users will interact with each other and govern the ecosystem by themselves. Whereas, Points.com, Asiamile and Hotel are closed loop loyalty programs, focusing in airlines and hotels industries only. Centralised loyalty programs are controlled by the operators. Users do not have control and the interests between users and loyalty program providers do not align.
Bakkt is one of our competitors. It acquired bridge2solution to cater for Loyalty and Crypto. The new loyalty and crypto app has not yet launched. It is supported by only a few banks and less than 50 merchants.
DragonBite is the only decentralized loyalty program that is governed by its members and caters to crypto and loyalty points. With one Million members and 5,000 branded merchants with 50,000 outlets since 2018.
Bilo 2000
What is the DragonBite token used for? Can you describe the Tokenomics?
Mickael Costache
Excellent question and crucial point!
Our secret recipe is our dual token system. This is perhaps the reason why other loyalty projects failed before us.
$BITE, is our incentive token, which has a limited supply. It will be publicly traded on Crypto Exchanges. Merchants and partners who utilize our platform to provide loyalty programs and promotional activities will be charged in the form of $BITE. $BITE is also required as transaction to bid for valuable assets within our auction platform, to access our privilege services, to exchange $BITEPoint, to purchase coupons or gift cards, and to pre-pay DragonBite card.
On the other hand, users or partners who participate in trading activities and make contributions in our ecosystem will be rewarded with $BITE. $BITE holders will earn more $BITE from staking as well. We provide sufficient incentives to our active users to do asset conversion, member referral and business referral. The more $BITE you hold, the more $BITE you will get and the greater voting power you will have in the DragonBite ecosystem.
b) $BITEPoint is DragonBite’s universal stablecoin, pegged 1:1 with the US Dollar back by all the digital asset in the ecosystem
BITE Point acts as a medium of exchange between Digital Assets and provides liquidity to buyers and sellers of their digital assets in the DragonBite’s ecosystem.
Bilo 2000
Thanks for that. It’s very well thought out.
Tell us a little about your staking and earning processes
Florence | DragonBite 🏵
Sure
BITE holder will earn more BITE from Staking. The usage of BITE :
1) Transaction fee. When people convert asset to another digital asset, transaction fee will be charged with $BITE
2) Governance. We aim to become a DAO eventually. The more $BITE you have, the more voting right you have
3) Staking reward. We provide staking option for our users in the ecosystem for passive $BITE reward
BITE, which has limited supply, will be created during the token generation event, and it will also be publicly traded on Crypto Exchange. Merchants, who utilize our platform to provide loyalty program and promotion activities, will be charged in the form of BITE. BITE is also required to bid valuable assets in our auction platform, to access our privilege services, to exchange BITE Point, to purchase coupons or gift cards, and to pre-pay DragonBite card. On the other hand, any user or partner, who participates in trading activity and make contribution in our ecosystem, will be rewarded with BITE. BITE holders will earn more BITE from staking, too. We provide sufficient incentive to our active users to do asset conversion, member referral and business referral.
Bilo 2000
Staking and earning is so important now and forms part of a checklist for most investors. Great setup!
Mickael Costache
Yes indeed!
Bilo 2000
It seems obvious now but here goes anyway; Is DragonBite disruptive and if so how so?
Mickael Costache
Being disruptive is definitely a good way to describe our venture 🙂
Loyalty programs are literally everywhere. Today, more than 95% of the population owns loyalty points.
This triggered us to investigate further and realized there is more value in digital assets (loyalty points, gift cards and gaming assets) than US dollars in circulation in the world.
The existing mechanism is set to discourage you from using them. Therefore, the utilization rate of these assets is only 7%.
You may already realize that there is an intrinsic problem with these digital assets:
1. they are difficult to be exchanged and the gifts are usually not attractive
2. they are hard to be consolidated and
3. they will expire.
DragonBite allows Idle loyalty points from different programs to be stored in 1 single application, to be transferred and to be redeemed to whatever form of digital assets you wish.
You may turn your loyalty points to Bitcoin with upside instead of a lame gift.
We lower the barrier of entry for small size crypto investors as well, which is one of our big focus.
For all HODLERS, I believe the success of DragonBite ecosystem and the value of $BITE aligns. It depends on 3 KPIs:
1) Number of merchants / partners
2) Size of digital asset pool
3) Number of users
The more merchants / partners will provide larger liquidity and hence an increased size of digital assets in our pool. The more assets supported for conversion, the more users will be acquired. These 3 KPIs would create a virtuous circle and as a result more transactions will happen in the DragonBite ecosystem. More $Bite would then be needed for transaction fees 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 for the long term. This is a real project with an experienced team solving a large problem in a gigantic market).
Bilo 2000
As will come up later on in the AMA — you have quite a lot of partners which is extremely impressive and hard to imagine how you got there but congrats!!! more on this later
What are you currently working on and can you describe your future roadmap?
Florence | DragonBite 🏵
Sure
Since 2018, DragonBite has collaborated with leading companies in the field of blockchain, loyalty points and gaming. By the end of 2021, The most popular loyalty programmes, game assets and other digital assets will be acquired into the DragonBite ecosystem, which will benefit the token holders in long term.
DragonBite platform will be launched very soon.
Regarding to partnerships, we are going partner with more crypto exchanges and loyalty programmes. Today, we are partnering with Banks & major financial services, cryptocurrency exchanges and different blockchain ecosystems. We are the reseller of Steam, Google Play and Apple Giftcard and have gained access to merchants point of sales. We will focus more on partnering with the online merchants, e.g. Netflix,….etc.
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 are also partnering with different Ambassadors and crypto KOL from different communities, YouTube channels and social medias all over the world. Since everyone know the problem and feel the pain of loyalty points, we are confident and our supporters believe in us. We all know the problem and we are ready to solve it and help everyone to unlock their values.
At the beginning, we will focus on getting Chinese customers on board, in order to gain a large user base in a very short period of time. Then we will go Asia. We would love to partner with the local merchants in non-English speaking countries to penetrate into their community. Later on, we will go Europe and US to get more users on board! Nonetheless, Our team based in U.S., U.K., Singapore and Hong Kong, and we will target the international market.
Bilo 2000
Wow you guys are buuuuzzzzzy — Very impressive…
Can you tell us more about the DragonBite governance process
Mickael Costache
We do like to keep busy haha 🙂
Sure. The more BITE the user holds, the more voting right the user will have. Fair and easy. The user will have bigger and bigger decision power over transaction fees, new partnerships etc
I invite you all to read our whitepaper which is on our website
Bilo 2000
Tell us a little about your private sale — How did that go and did you achieve what you set out to achieve?
Florence | DragonBite 🏵
DragonBite has received a vote of confidence reflected by the overwhelming response in its private round investments. With the influx of interest in the cryptocurrency space in general and the platforms that will serve as its infrastructural layers, DragonBite received a massive amount of potential investor interest, eventually closing with $2.7 million in total private sale fundraising within 48 hours. The development of the DragonBite application and subsequent introductions have already begun, but following the completion of this funding, DragonBite can now expand into the next phase of its objectives.
DragonBite received an extreme amount of interest from innumerable investors. The demand was way above expected; therefore, only a portion of the requests was satisfied, especially from teams that can also serve as strategic partners in the foundation of their platform.
DragonBite received investments from some of the most prominent blockchain-based investment firms in the market, including Molecular Hub, Mantra DAO, Duck DAO, SMO Capital, Rio Fund, Brilliance VC and many more.
https://twitter.com/DragonBiteDB/status/1385958835425218562?s=20
Bilo 2000
Congratulations on your success — This serves as testament to your hard work. Here’s to your continued success 🍸🍾🥂
Please explain the link between DragonBite, Polkadot, Kusama and Ethereum and then how all that integrates with RioChain
Mickael Costache
DragonBite is the solution to a massive and global problem: there is more value in loyalty points, rewards and coupons in circulation in the world than US dollars, yet the majority of these digital assets are idle. The lack of a unified platform for users to redeem and spend their loyalty points means that every year hundreds of billions of dollar worth of assets become stale. I’m just repeating our value proposition as it’s very important when it comes to our choice of partners and how they can help us be more efficient. I will focus on RioDefi as this is the key partner here.
RioDefi is DragonBite’s Strategic partner. RioChain enables lower transaction fees and faster confirmations. It is very very important for DragonBite as our goal is to disrupt a $1.6T industry, provide liquidity to loyalty points, gift cards, gaming assets and crypto. We allow these assets to be converted to other virtual assets and asset classes and are expecting high and frequent transactions as the demand is expected to be very big due to the intrinsic problem of the industry. Therefore, low transaction fees with fast confirmation are the key here and we found ourselves to have great synergies with RioDeFi and the RioDeFi team has given great insights to us during the early stages of our venture. We plan to migrate to RioChain by the end of Q4 2021.
Bilo 2000
Thanks for the explanation
Could you please provide us with some challenges DragonBite has faced but overcome?
Florence | DragonBite 🏵
Sure
We spent a lot of afford in the DragonBite patented 6-in-1 solution D.R.A.G.O.N:
D — Digital Asst:
DragonBite gives you the Convenience to Buy, Sell and Swap your digital assets, including Loyalty points, E-vouchers, Coupons, Giftcards, In-game assets and Cryptocurrencies.
R — Recognition:
DragonBite Wallet adopts the State-of-the-Art Security Features to Protect your Assets and Transactions using Biometric fingerprint, Facial recognitions, Pattern-recognition and Password access.
A — Asset conversion:
In the Multi-Asset Conversion Engine, Loyalty points and other Digital assets will be given the market values. So, Digital assets are Convertible anytime.
G — Global:
DragonBite issues Pre-paid card. You can use your Digital assets to Top-up the card In-advance and Spend at Retail Shops in the Globe.
O — Online-to-Offline:
DragonBite provides an Online-to-Offline analytics tool to Merchants. Our Tool will help them to reach out the Right Target customers. Merchants can adjust their Sales Strategy as soon as they Generate the instant sales Report from our System.
N — Native Token:
BITE is our native Token which will be traded on Crypto Exchanges. We will give BITE to our Active users as Incentive for Participating in our Ecosystem. BITE holder will earn more BITE from staking. BITE Point is another Native Token acting as a Medium of Exchange among Digital assets. It is pegged 1 to 1 with the US Dollar.
DragonBite is a wallet for all digital assets, in One app and One password.
Bilo 2000
Tell us about your major well known merchant partners (like McDonalds) that are/will be accepting DragonBite as payment and how you managed to convince them that DragonBite was the way to go
Mickael Costache
Today, we are partnering with banks and major financial services companies, cryptocurrency exchanges and different blockchain ecosystems. We are the reseller of Steam, Google Play and Apple Gift Cards and have gained access to thousands of merchants’ point of sales (this is pretty huge — access to more than 50,000 locations straight away, from retailers to restaurants and everything in between! 🚀💪).
Talking about our great partners, I’d like to mention MANTRA DAO, RioDeFi, Hex Trust, AsiaTop, PLUTUS.VC, Association of Blockchain Development, TimeBank, SMO, Molecular Hub (Mhub), Summit 33, ACH Worldwide, Labs Group, ZW Online, Redspots Creative (Hong Kong) Company Limited, FIO, WeFi, Hunter Group, Point95Global and more.
For our global expansion, one of our big focus will also be on partnering with online merchants such as Netflix for example. There is a massive opportunity out there and we want to move very fast!
Florence | DragonBite 🏵
https://twitter.com/DragonBiteDB/status/1391617992648118273?s=20
Bilo 2000
Awesome!!!
I see that you partnered with RioDefi amongst others — Why them and What do you look for in a strategic partner and can you tell us about other partnerships you are working on?
Florence | DragonBite 🏵
We plan to migrate to RioChain by the end of Q3 2021. RioChain enables lower transaction fees and faster confirmations. Also, with the cross-chain interoperability, we can work across many different blockchains. RioChain is built on Substrate, which is a high-performance blockchain framework developed by Parity Technologies for the Polkadot ecosystem.
RioChain enable lower transaction fees and faster confirmations. It is essentially important for DragonBite as our goal is to disrupt a $1.6T industry, we provide liquidity to loyalty points, gift cards, gaming assets and crypto. We allow these assets to be converted to different assets and asset classes, we are expecting high frequent transactions as the demand is expected to be very big due to the intrinsic problem of the industry. Therefore, low transaction fee with fast confirmation are the key and we found ourselves have great synergies with RioDeFi and the RioDeFi team has given great insights to us during early stages to embrace crypto world. We plan to migrate to RioChain by the end of Q3 2021. RioChain enables lower transaction fees and faster confirmations. Also, with the cross-chain interoperability, we can work across many different blockchains. RioChain is built on Substrate, which is a high-performance blockchain framework developed by Parity Technologies for the Polkadot ecosystem.
RioChain enable lower transaction fees and faster confirmations. It is essentially important for DragonBite as our goal is to disrupt a $1.6T industry, we provide liquidity to loyalty points, gift cards, gaming assets and crypto. We allow these assets to be converted to different assets and asset classes, we are expecting high frequent transactions as the demand is expected to be very big due to the intrinsic problem of the industry. Therefore, low transaction fee with fast confirmation are the key and we found ourselves have great synergies with RioDeFi and the RioDeFi team has given great insights to us during early stages to embrace crypto world.
Bilo 2000
Thanks — Where do you see the DragonBite project next year?
Mickael Costache
One word: GROWTH!
We believe that a strong product and a clever solution to a massive problem will attract community members and supporters as they feel the same pain and will support the solution which benefits themselves.
We will focus a lot on marketing in order to let more people know about us and join our community. The gaming industry is one of the sectors our marketing efforts will focus on as there are synergies between gaming and the crypto world.
We target users globally although we have already acquired 50,000 merchants points of sale in Asia. Our team is based in the US, UK, Singapore and Hong Kong. Our reach will be in these areas and grow simultaneously.
We are partnering with different ambassador / crypto KOL from different communities / YouTube channels and media all over the world which will for sure attract a large user base.
Our team is extremely confident. Growth is the only word in our dictionary. The confidence is backed 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. 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 — feedback is very important to us and we are always open to comments leading to improvements. The goal is for DragonBite to become a DAO. The more $BITE you have, the more voting power you have to make major changes to the ecosystem!
Bilo 2000
Love your vision ❤️
Mickael Costache
Thank you 😄
Bilo 2000
The next question is close and dear to my heart
It either makes my day
or makes me sad
depending on how you answer
ready?
Florence | DragonBite 🏵
Oh
Bilo 2000
Is there any exclusive breaking news about DragonBite that you could share with us here today?
Florence | DragonBite 🏵
We have plenty of breaking news within this few month. Last week, we start the first ever DragonBite (https://www.linkedin.com/feed/hashtag/?keywords=dragonbite&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800) Giveaway (https://www.linkedin.com/feed/hashtag/?keywords=giveaway&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800) campaign.
Come, join and help us to spread the word on our upcoming Dapp (https://www.linkedin.com/feed/hashtag/?keywords=dapp&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800)!
Like (https://www.linkedin.com/feed/hashtag/?keywords=like&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800), retweet (https://www.linkedin.com/feed/hashtag/?keywords=retweet&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800) DragonBite’s post on twitter and LinkedIn & registering (https://www.linkedin.com/feed/hashtag/?keywords=registering&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800) to the lucky (https://www.linkedin.com/feed/hashtag/?keywords=lucky&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800) draw (https://www.linkedin.com/feed/hashtag/?keywords=draw&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796555478085324800) at https://eth.dragonbite.win (https://eth.dragonbite.win/) to get a chance to win $ETH and $BITE!🔥
Please join our Twitter, Telegram group, LinkedIn and Instagram to get the most updated information from us !!
Our website : www.dragonbite.io (http://www.dragonbite.io/)
Telegram : https://t.me/DragonBite
Twitter : https://twitter.com/DragonBiteDB
https://twitter.com/DragonBiteDB/status/1390237206732705793?s=20
Bilo 2000
Great. looking forward to hearing about it all but can we have some breaking news here today? NOW? 😋
Florence | DragonBite 🏵
Please join our lucky draw now… it will end on 16 May
Bilo 2000
👀
Do you wish to let us know anything else that was not covered in the questions above?
Mar000 D 🥥
*hint*
Florence | DragonBite 🏵
Yes….
We leverage Polkadot technology stack and implement new contract to extend our logic such as staking reward algorithm which give us better speed and interoperability than most current implementation.
Our Prototype has gone through multiple rounds of review by leading industry players to confirm our business model and technology viability.
We implement our technologies based on the banking practices to boost our security level. Our tokens are protected by mix of hot, warm and cold technologies in order to maximize our security protection.
DragonBite does not handle the assets of our clients. All of their assets will be safely kept in custodian, Hex Trust, all the time.
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.
When our user chooses the privacy mode, all their transactions will go through an alternate address instead of their own master address. We also have other operation management and technology checkpoint / design targeted to improve the privacy and security protection of our platform.
We are compliant with compliance regulatory rules such as the General Data Protection Regulation (GDPR) & the Personal Data Privacy Ordinance (PDPO), the Anti-Money-Laundering (AML) standard and the Know-Your-Client (KYC) standard.
Bilo 2000
Thank you for your time in answering our questions here today. We are all very appreciative of your time and of the answers you have provided
Florence | DragonBite 🏵
U r welcome
Bilo 2000
With this, we will open up the chat for those who wish to personally thank you for your time with us here today.
John MOON 🌚🌝
When is the IDO / TGE / Listing ?
Florence | DragonBite 🏵
Monday, May 17th — Wednesday 26th: DragonBite will open its first whitelisting on a growing decentralised swapping protocol. There will be 6 programs available for people to participate and get a chance to receive allocations from a pool evaluated at $160,000. Interested parties will be shortlisted randomly and the winners will be announced on May 26th.
Wednesday, May 19th — Monday 31st: DragonBite will start two separate campaigns on the 2nd and 3rd launchpads which are among the biggest on the market! There will be a total allocation of $200,000 to be shared among all the winners of those platforms. This would be the last chance for our community to access $BITE at prelaunch prices. While the announcement will be made on May 19th so people have enough time to be added to the whitelist. These two events will take place on May 31st, just a few hours before the Uniswap listing.
Monday, May 31st — Uniswap listing: this will allow us to launch Bite token publicly and create immediate liquidity. The excitement is at its best because Uniswap just offers a concentrated liquidity approach which many believe will result in making liquidity provisioning more attractive and trading more efficient.
Toney | Rekt | Fan,
How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates??
Florence | DragonBite 🏵
We have Telegram group, Telegram official announcement channel, LinkedIn, Facebook and Twitter for users to follow.
Please don’t hesitate to go into website www.dragonbite.asia (http://www.dragonbite.asia/) to find out more.
Email: corporate@dragonbite.asia
LinkedIn: https://www.linkedin.com/company/dragonbite/
Twitter: https://twitter.com/DragonBiteDB/
Reddit: https://www.reddit.com/user/DragonBiteOfficial
Instagram: http://instagram.com (http://instagram.com/)
DragonBite decentralised asset management platform (https://dragonbite.asia/?utm_source=reddit)
Provide Decentralized Asset Management Platform capable of swapping and managing multiple class of digital asset.
Toney | Rekt | Fan
Many investors hit and run in the sell and sell session after listing on the first exchange, How did Your project prevent early investors from selling their tokens and what benefits you would give them?
Florence | DragonBite 🏵
We have oversubscribed within 48 hours. So, we are able to select good investors as our strategic partners.
Since the demand was way above expected, only a portion of the requests was satisfied, especially from the teams that can also serve as strategic partners in the foundation of their platform. DragonBite received investments from some of the most prominent blockchain-based investment firms in the market, including Molecular Hub, Mantra DAO, Duck DAO, SMO Capital, Rio Fund, Brilliance VC, Summit 33, AsiaTop, LABS Group, ACH Worldwide, Association of Blockchain Development and many more.
Also, we have confident to get large amount of users on-board within a short period of time. So, our investors should be very happy to our performance.
John MOON 🌚🌝
Nowadays, everyone is interested in their own benefits from many different projects but they rarely care about the benefits of the project for the user. So what benefits does the project bring to users? What are the plans for reaching new investors and new users in other countries?
Florence | DragonBite 🏵
In DragonBite ecosystem, users are allowed to convert vouchers to gift cards, send loyalty points to top-up air miles for flight ticket, sell E-voucher for Bitcoin and also use your digital assets to pre-pay our MasterCard for daily consumption in real life. Users can deposit in-game assets into our digital wallet.
Travelers can convert their hotel points to crypto or other digital assets. Loyal customer can convert their points to crypto or other digital assets. Game lovers can convert their points to crypto or other digital assets.
Loyalty point expiration will not be a problem to customers. Small investors can buy small amount of Bitcoin if they like. DragonBite lowers the barrier for small investors with a reasonable transaction fee.
Everyone is benefit.
We will keep them safely using our advanced technology system.
🏝 SCRTisland | John
Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Florence | DragonBite 🏵
Today, more than 95% of the population owns loyalty points. This triggered us to investigate further, and we realize there is more value in digital assets (loyalty points, gift cards and gaming assets) than the U.S. dollars in circulation in the world.
The existing loyalty program mechanism is set to discourage the loyalty customers from redeeming points. People find difficult to swap the points between loyalty programs. Those points will expire. The gifts for redemption are usually not attractive. Loyalty programs are fragmented into many different account without a consolidating tool.
DragonBite is here to solve the billion dollar problem. DragonBite will aggregate idle loyalty points from different programs into one single application and allow users to convert their digital assets into other digital assets. You may turn your loyalty points to Bitcoin instead of a kettle.
DragonBite lowers the barrier of entry for small crypto investors.
The success of DragonBite ecosystem and also the value of $BITE tokens depend on 3 factors:
1) Number of merchants / partners
2) Size of digital asset pool
3) Number of users
The more merchants / partners would provide larger liquidity and hence an increasing size of digital asset in our pool. The more assets supported for conversion, the more users would be acquired. These 3 factors would create a virtuous circle and as a result more transactions happen in DragonBite platform. More $BITE would be needed for transaction fee due to higher demand, so $BITE value rises. We are very confident in DragonBite, and our community will grow and get mutual benefits. As a result, our investors definitely would get benefit from holding $BITE in long term.
