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CryptoBladers, today we hosted an AMA with the CFO of BitHotel, Zondax! It was a great discussion with great community engagement and prizes! We will be hosting more in the future that you can join to learn more about our partners and their projects! Here is a recap of the key questions and answers from the AMA! Enjoy!
Questions and Answers (Dialogue)
Could you please give us a brief introduction about yourself and your involvement with the project?
“Sure! I have a finance background and have been in crypto for 4 years now. I joined Bit Hotel 3 months ago, really happy to be part of it and its amazing team!”
Could you tell us more about your project, BitHotel, and what led you to start the project?
“So, Bit Hotel is a Social-first Play 2 Earn NFT Gaming Metaverse, in which users will be able to use Bit Hotel tokens to acquire native NFTs and participate in decentralized governance. We see a huge gap in the market when it comes to social & community aspects of the blockchain. Currently, the only viable options are either Discord or Telegram; this mainly has to do with both the anonymity and accessibility that those platforms have. It is no surprise that we are currently holding this AMA on Telegram. However, we are not able to express our authenticity, we all have very cool online usernames and profile pictures, but there is no immersive audiovisual component that does justice to our individuality. The majority of the demographic using the blockchain belongs to generation Y, who grew up with those classic 8-bit graphics. In the Bit Hotel metaverse, we try to give every user individuality and an in-game identity within that 8-bit nostalgic charm. Practically, users will be able to purchase NFT characters & rooms, in which they can invite their friends, host small gatherings and use as their own personal social hub. They will be able to decorate their rooms with furniture, NFT artwork, and other artifacts. We will also be selling conference rooms/ clubhouses to DAOs and communities; in which one could host AMA’s, organize IDOs, and other communal activities.”
What is the utility of BTH used in BitHotel?
“BTH will be used to buy our NFTs, trading NFTs on our marketplace and for staking”
How does BitHotel reward users while maintaining the long-term stability of the project?
“We will introduce staking soon, with juicy APYs to reward directly our token holders but also to lock part of the supply to keep our price stable while it is released and we will release NFTs monthly, which will keep up the demand for BTH. We plan on scaling the size of the project as more users join to keep it stable and to avoid diluting the in-game assets”
What do you foresee being the future of NFT gaming/projects?
“Interesting question! I believe that we’re at a point where we’re only scratching the surface of the possibilities of NFTs in gaming projects. and will be helpful in connecting different areas like what is happening now with art and gaming”
What are your thoughts on the metaverse and metaverse projects?
“I LOVE the metaverse! The metaverse is offering us as a society a chance to finally bridge the gap between the digital and physical world. We can finally experience a true digital transformation. Only those metaverses that can offer users a full experience that connects to multiple aspects of their identity will prevail in the long run. This is why I am so incredibly bullish on Bit Hotel!!!”
This space is ever-changing and evolving. How do you keep up with trends and how do you discern which are worth pursuing?
“Indeed, it is hard to keep up with trends but in general I believe that it is important to listen to the community, it can be a great source of inspiration and ideas”
How is your project evolving and innovating?
“We are currently busy with our IRO, the Initial Room Offering. Today we had the first round on Babylons where we sold one floor. We also work hard on the game and plan to release a little teaser soon! We will be selling rooms on multiple launchpads, to have a broader reach and grow the community even further. make sure you don’t miss out on them!”
What is the vision for your project in the next year? What about in the next 5 years?
“First of all, next year we plan on having all of you hanging out in our beautiful hotel! The vision in the next year is to lay out the technical framework. In the 5 years to come, we will start exploiting this framework completely. We will have metaverse events, such as music and conferences (that are not only about crypto!!) We will have in-metaverse education, NFT galleries, and a completely thriving play 2 earn mechanic. With tournaments, we will establish ourselves as both an e-sport, and primarily a social media platform that allows users to have an immersive audiovisual experience. Again, this all links back to bridging the gap between the digital and physical realm.”
What can you tell us about your team? How did you come together and what would you say are your greatest strengths?
“We have a team of 15 people atm! 5 in operations and 10 in tech. Leon, our COO, has an extensive background in business development and marketing and grew brands to multiple 7-figures prior to starting his Bit Hotel journey. Before starting his Bit Hotel Journey, he founded an automated marketing software company, with specializations such as SEOs, and growth hacking. Bram is the CTO and co-founder of Bit Hotel. His background is in Computer Science. He has been a freelancer for seven years now, working on all sorts of websites and web applications. After some years of developing these web applications for different companies, He started a startup called Social Audify. Social Audify is a SaaS platform that automates different processes for social media marketers, mainly outreach. One year ago, he quit Social Audify to start researching decentralized ledger technologies and began developing smart contacts on these DLTs. He published a paper on his research soon thereafter. Kareem, the CPO, is a sustainable business developer and psychologist by trade, with significant expertise in the blockchain funding space, and relations. I guess what brought us together is a passion for the blockchain and the need to create!”
What would you say is the major piece that separates you from other projects?
“I believe that our biggest competitive advantage is that we are laying out a framework that will attract people that are currently not in the crypto world.”
How important is the community to you? What are some fun and innovative ways that you interact with your community?
“As mentioned earlier, the community is everything! We do everything with our community in mind! We have a very active community on both discord and telegram! We often have NFT giveaways and contests, and we’re constantly listening to what they have to say!”
Suppose money and manpower were not an issue, what would be one of the first things you do with your project?
“In that case, I think that we would do everything we have already planned but quicker! We didn’t set any boundaries on where we can go with our project so there is nothing else that we could do!”
For more information on BitHotel, visit their website and follow them on Twitter!
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By: CryptoBlades
nftnewstoday.com
