BIT HOTEL AMA Summary Recap with Shin Chan Community
We held a live AMA with Head of Operations, Leon from Bit Hotel on 9th November 09:00 PM (UTC+8). Here’s the recap for those who missed it.
Introduction
Serene | Shin Chan: Welcome to our community. Before we start the AMA, can you please introduce yourselves and the team background to our community?
Crypto Creamy | Bit Hotel: Our Head of Operations (Leon) has an extensive background in business development and marketing and grew brands to multiple 7-figures prior to starting his Bit Hotel journey.
Leon | Bit Hotel: Creamy, our head of partnerships, is a true digital native and has been active in the blockchain & funding space for many years to provide us the best industry connections for ensuring success.
Our team is fully doxxed too by the way!
Our CTO @bramhoogenkamp has released papers on decentralized server tech, he has an extensive background in tech too.
Serene | Shin Chan: Any latest/ update news about Bit Hotel you would like to share with our community?😀
Crypto Creamy | Bit Hotel: Sure! So, we have some awesome news to share.
Haven’t even made an official announcement yet…
So you guys are getting a sneak preview 😄
Leon | Bit Hotel: We’re making these answers live so it takes a few seconds ;)
Crypto Creamy | Bit Hotel: We have been working on a way to invite as many people into our Hotel as possible.
Leon | Bit Hotel: In order to get as many people in our metaverse as possible, we’re launching on a number of launchpads. We’re calling this the IDO roadshow!
The complete lineup of launchpads will soon be announced on our channels!
You should definitely check out our community channel if you have any questions or would like to partner up:
Also definitely check out the upcoming NFT drop and whitelist before it’s too late:
https://bithotel.io/#/pre-order
Twitter Section Begins:
Q1. One of the issues with NFT and DeFi games is their high entry cost and aside from that the games token may decay and stagnate over time,result in less money for users.Can you tell us what BitHotel plans are for this?What is the minimum/maximum investment to able to start playing?
Leon | Bit Hotel: We will be using a two token system. $BTH will be used for staking and on-platform trading. The in-game token $BHOTEL that can be earned by playing and will be redeemable for NFT’s as well grant you access to events and other in-game activities. We will also be holding monthly NFT drops, which will offer in-game bonuses and perks. These INO’s will be held on an array of platforms, including the Bit Hotel Marketplace, you will need $BUSD/$BTH to purchase our tradeable and playable NFT assets.
Now to your point of playerbase decay due to fluctuations in tokenprice:
1. We’re not having any significant purchase cost to enter and play the game (low barrier to entry)
2. All in-game rewards are designed to reward the skilled players (and not the bots / no-life gamers)
3. We use a two token system of which the in-game token is inflationary and controllable, meaning we can always fix the supply to make it worth your while. Similar to Axie Infinity’s SLP token
Q2. Gamers will be able to Proclaim in game relationships, according to your requirements, in order to deliver the best experience to players inside of Bit Hotel Metaverse. How do you plan to make this a profitable endeavor in which to dedicate your time?
Leon | Bit Hotel: Yes so the term “relationships” can best be described more as “network”, we’ll be incentivizing players to grow their friend lists and collaborate in-game.
Crypto Creamy | Bit Hotel: Exactly
They are platonic
The main mechanism we have that makes engaging in relationships a profitable endeavor, is the fact that users can merge two of their lower rarity NFTs into one of higher rarity.
The rarer the NFT the higher in value, hence they would be making profit.
Leon | Bit Hotel: Similar to Axie Infinity’s breeding feature, but with a twist.
Q3. Partnerships are vital since they bring value and increase user trust in the majority of circumstances. According to my research, you currently have seven partners. Could you please clarify whether you still aim to form additional partnerships?
Crypto Creamy | Bit Hotel: Partnerships play a central role in our metaverse.
They are growing daily, and they can serve numerous functions:
For instance, we partnered with FOMO chroncles manga — with whom we are doing an exclusive partner NFT giveaway.
Essentially we are “bridging” our universes
We have partnerships dedicated to exposure, think marketing, but also launchpads.
But on the long run, our most exciting partnerships are those that will be included in the Metaverse.
Our metaverse can be adapted to include 3rd party tech — we can add 3rd party staking technology
we have conference rooms for communities, in which they can host events and even IDOs
The possibilities are endless.
A substantial partnership we currently have, is with a triple A game studio : Dutch Game studio
They have an impeccible track record in designing high quality blockchain games.
Leon | Bit Hotel: Some more concept art to break up the text! ;)
Q4. I saw in your tweets that the game offers multitude of characters. So my question is, upon playing the game, how many given characteristics we can possess at a time? Will those characters be bought in order for us to unlock it, or it is given upon reaching different levels?
Leon | Bit Hotel: So a player can only equip one character at a time, meaning the in-game bonuses will apply to the character equipped.
Next to that there will be an option to own multiple pieces of land and furniture assets. These can be leased out and used to create your own mini-games on your land
To have the best token reward and staking multipliers you can choose to either play a lot and rank high in the leaderboards or buy them
Q5. Bit Hotel mobile application is coming soon with Android and iOS devices,so could you tell us what will be the advance features of your mobile application? Does this mobile application would have a user-friendly interface to give ease the user in using your app?
Crypto Creamy | Bit Hotel: So the idea behind the mobile application, is to make the Bit Hotel metaverse accessible to as many individuals as possible.
We want to break the barrier between the blockchain world and the “real” world.
So making this app user friendly is definitely a priority that we take to heart.
We have in-house UX designers dedicated to this.
Furthermore, the mobile app allows us to be accessible for the Asian/ Chinese market.
For whom we think this metaverse will be very suitable.
Telegram Live AMA Begins:
Q6. level of security of a project is crucial. What did you do about the security of a project to avoid hackers? Do you have special security measures for it?
Leon | Bit Hotel: We have auditing partners that audit all our smart contracts to make them secure. Next to that we partner wth a Triple-A game studio that has serious anti-bot practices to prevent botting
Q7. — Will the whole game revolve around the hotel or do you plan in the future to unlock new locations around the hotel? Maybe you could create a new hotal around it to expand the game a bit more.
Crypto Creamy | Bit Hotel: So, Initially we plan on having one Hotel — essentially the space is infinite, but we are thinking of introducing an education segment (for universities) — which would most likely have its own space.
Q8. I’m completely enamored with the “new” NFT GAMING platform you implemented. Can you tell me what kind of Revolutionary Program you’re putting in place? Do you plan to investigate more and include a vote part before it is officially added?
Crypto Creamy | Bit Hotel: So, we will be having a governance model, in which users can vote for the next updates/developments. We are completely decentralized.
Q9. In your roadmap Phase 2 you plan on COMMUNITY BUILDING. So what is your marketing strategy in building your community? Will you consider having Ambassador Program or Refferal System maybe?
Leon | Bit Hotel: We have an informal Ambassador programme. Meaning you can reach out in our community chat if you’d like to help in some way and we’ll determine a fair reward for the help together. There currently is a referral reward in the whitelist process too!
Q10. Is Bit Hotel planning to do marketing and promotion like a real hotel promotion? Who are your marketing strategy and target audiences?
Crypto Creamy | Bit Hotel: Its a good idea. We are currently promoting as a blockchain game. But if anyone knows Paris Hitlon — we would be keen on partnering up.. xD
Q11. Staking programme is very important for any project, Can i stake your token? Do you have any plan of starting staking programme?
Crypto Creamy | Bit Hotel: Yes, for sure. We have staking partners. You can expect this to be available soon after token launch!
Q12. In Bit Hotel, I saw an intriguing feature: “Gamers will also be able to arrange their own events in their rooms and invite players as they like,” you said. Is this a free feature or does it require a BTH token deposit? What are the benefits of having this feature?
Leon | Bit Hotel: Setting up your own “clubhouse-like” events in your penthouse does not require anything in terms of deposits. Just play and acquire some land and you can just invite friends over whenever you want!
Q13. Will Bit Hotel have a referral system that will allow users to earn even more revenue and if so, will they also limit the number of accounts that people can have on the same IP address to regulate referrals?
Crypto Creamy | Bit Hotel: This is a good idea, we will take not of it 🙂
Q14. I see that the term ‘hotel bit’ and the game logo are very similar to the LAS VEGAS game, other than the bets made in the game, do you allow players to bet on mini games like in a Casino. What is your KYC policy like? What are the requirements before your game is played?
Leon | Bit Hotel: There will be games of chance but we’re not creatng any in-game casino.
Q15. When I explored the BitHotel ecosystem, I couldn’t find the “Play To Earn” way. In what ways can users earn on your platform? Do in-game items have different rarity levels and can be traded freely through the in-game market system?
Crypto Creamy | Bit Hotel: NFTs can be traded freely in game and on the open market. THe play 2 earn system has to do with being able to earn in-game currency which you can use to buy NFTs which you can sell or play.
- End-