Bit Hotel x Satoshi Club AMA Recap from the 7th of December

Bit Hotel x Satoshi Club AMA Recap from the 7th of December

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Bit Hotel and our guest was . The AMA took place on the 7th of December

The AMA session was divided into 3 parts with a total crypto reward pool of $500.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Bit Hotel! Welcome to Satoshi Club

Gold Rocket | Satoshi Club:
Hello again, dear Satoshi Club community! We are pleased to announce AMA with Bit Hotel

Gold Rocket | Satoshi Club:
Today our Bit Hotel guests are
@Larenzcrem @leontheadmin

Creamy (Bit Hotel | Partnerships Lead):
Hey guys!

Gold Rocket | Satoshi Club:
[In reply to Creamy (Bit Hotel | Partnerships Lead)]
Nice to e-meet you .

Leon:
Sup you guys!

Gold Rocket | Satoshi Club:
[In reply to Leon]
Hello and welcome to Satoshi Club.

Mary | Satoshi Club:
Hello and welcome to Satoshi Club

Gold Rocket | Satoshi Club:
How are you doing today guys.

Gold Rocket | Satoshi Club:
We are really excited about upcoming AMA with you.

Creamy (Bit Hotel | Partnerships Lead):
Very well! Exciting times!!

Leon:Great to be here, thank you for making the time!

Creamy (Bit Hotel | Partnerships Lead):

Same here!

Gold Rocket | Satoshi Club:
Let’s start! Introduce yourself please. How did you get to be involved in crypto & Bit Hotel
Tell us please about your position in Bit Hotel.

Creamy (Bit Hotel | Partnerships Lead):
Sure!

Gold Rocket | Satoshi Club:
[In reply to Creamy (Bit Hotel | Partnerships Lead)]
Wow! It’s really nice

Creamy (Bit Hotel | Partnerships Lead):
Bram is the CTO of Bit Hotel. His background is in Computer Science and he’s been a professional freelancer for seven years now, working on all sorts of websites and web applications.

Creamy (Bit Hotel | Partnerships Lead):
A few years ago he started researching decentralized ledger technologies and began developing smart contacts on these DLTs. He published a paper on his research soon thereafter

Creamy (Bit Hotel | Partnerships Lead):
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:
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.

Leon:
Bengt is one of our community thought leaders and makes sure everyone in the Bit Hotel stays up to date on the latest news, he is also a marketing genius!

Leon:
Next to these guys we have a whole lot of other team members with different roles!

Leon:
You can find some of them in our whitepaper linked on our website.

Leon:
Done

Gold Rocket | Satoshi Club:
Also we would like to know more about your team. Who is on the project team core?

Mary | Satoshi Club:
Are you public or anonymous?

Leon:
Our team is fully doxxed!

Mary :
Awesome!

Leon:
And the guys we just introduced are our core team!

Gold Rocket | Satoshi Club :
Wow!

Gold Rocket | Satoshi Club:
Nice

Gold Rocket | Satoshi Club:
Give us a brief introduction to the project. What is the essence of Bit Hotel.

Creamy (Bit Hotel | Partnerships Lead):
Great question!

Creamy (Bit Hotel | Partnerships Lead):
Bit Hotel is a Social-first Play 2 Earn NFT Gaming Metaverse, in which users will be able to use Bit Hotel tokens to participate in governance or acquire native NFTs.

Creamy (Bit Hotel | Partnerships Lead):
The NFTs have in-game usability such as characters, hotel rooms, and accessories and have each their own perks.

Creamy (Bit Hotel | Partnerships Lead):

These NFTs can also be traded on the open market that will be released around year’s end. Users will be able to meet and chat with other players, compete on our various ever-changing mini-games, and collect rare NFTs.

Creamy (Bit Hotel | Partnerships Lead):
Every game has winners and losers, thus there will be a global leaderboard that keeps track.

Creamy (Bit Hotel | Partnerships Lead):
Frequent events will be hosted in which players can meet and mingle.

Creamy (Bit Hotel | Partnerships Lead):
A metaverse would not be complete without governance, We will have a decentralized voting model that determines future content, this will be based on staking allocations and in-game achievement.

Creamy (Bit Hotel | Partnerships Lead):
Done!

Mary | Satoshi Club:
Do you have any introduction video? Visualisation always works great)

Creamy (Bit Hotel | Partnerships Lead):
For sure!

Gold Rocket | Satoshi Club:
P2E this is an absolute trend today. but I have not yet met this in the form of a hotel .

Creamy (Bit Hotel | Partnerships Lead):
https://www.youtube.com/watch?v=Gtb6mpbmS1g

Gold Rocket | Satoshi Club:
Thanks for sharing.

Creamy (Bit Hotel | Partnerships Lead):
[In reply to Gold Rocket | Satoshi Club]
For sure! I think we have something truly special here.

Gold Rocket | Satoshi Club:
Tell us about the benefits of Bit Hotel. How is it different from others?

Leon:
Excellent question!

Leon:
Now there are a lot of other projects in the space right now. Competitor is a loaded term, there are other players in the market with ideas and projects that might look similar to ours. One of which is “richcity”, another is “cryptopolis”.

Leon:
We are aware of these market entrants but do not see any direct threat as we have a unique value proposition and feel confident we differentiate ourselves from all other projects out there.

Leon:
Next to that we have a talented team that can truly achieve scale and the goals we set out. Our launch strategy itself is proof of that, there are barely any projects out there that have 8 launchpads to distribute tokens with, of which most on a vesting schedule. Partners such as Enjinstarter (just sold out their community raise a few minutes ago) and Seedify to name a few!

Leon:

By the way guys, you should definitely check out our community channel if you have any questions or would like to partner up: t.me/bithotelcommunity

Mary | Satoshi Club:
Yes, there are a lot of gaming projects on the market) but i can’t remember any Hotel

Gold Rocket | Satoshi Club:
Yes, what you offer is quite unique.

Gold Rocket | Satoshi Club:
Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Leon:
Also we are making sure our art style is one of a kind

Creamy (Bit Hotel | Partnerships Lead):
Lets do it!

Gold Rocket | Satoshi Club]:
Join Satoshi Clubbers .

Creamy (Bit Hotel | Partnerships Lead):
t.me/bithotelcommunity

Gold Rocket | Satoshi Club:
Q1 from Telegram user @MudaraSilva

While researching for the AMA, I saw that the registration has been closed for the IGO round. Unfortunately, I was not aware of it. Thus, I am looking forward to purchase your tokens at the next best opportunity. I noticed that there will be a “FCFS round” today. Can you explain about this event? I could not see any registration details about this round. Can anyone participate when this round starts? What are the requirements to buy your tokens in this event? Can we purchase $BTH with stable cryptocurrencies such as USDT and BUSD? What is the platform you have chosen for this sale? What are the minimum and the maximum limits?

Leon:
Give us a minute to read the question!

Gold Rocket | Satoshi Club:
Np.. take your time!

Creamy (Bit Hotel | Partnerships Lead):
So! the IGO that is being refered to is todays’ Enjinstarter Seed Sale

Creamy (Bit Hotel | Partnerships Lead):

This has sold out in 1 minute in 17 seconds

Creamy (Bit Hotel | Partnerships Lead):
So, that one is over! But I have good news.

Gold Rocket | Satoshi Club:
Oops.

Leon:

Mary | Satoshi Club:
Wow, it’s unbelievable speed .

Leon:
Use this banner to find the next best spot to buy in!

Creamy (Bit Hotel | Partnerships Lead):
We have an 8 IDO roadshow .

Creamy (Bit Hotel | Partnerships Lead):
Enjinstarter was stop nr. 4!

Gold Rocket | Satoshi Club:
So… everyone will have a chance to participate!!!!

Gold Rocket | Satoshi Club:
Don’t forget to share with the Satoshi Clubbers before the next event. Because as far as I understand it happens with lightning speed.

Gold Rocket | Satoshi Club:
Thanks for your great answers.

Gold Rocket | Satoshi Club:
Ready for the next question?

Gold Rocket | Satoshi Club:
Or mb you want to add something?

Leon:
One second!

Creamy (Bit Hotel | Partnerships Lead):
For sure! We will do that .

Gold Rocket | Satoshi Club:
Sure.

Leon:
For pre-sale details and marketing proposals please join: t.me/bithotelcommunity! Also definitely check out the live NFT drop before it’s too late: https://bithotel.io/#/buy-nfts

Leon:
Please PIN!

Leon:
And hit us with the next question!

Gold Rocket | Satoshi Club:

Q2 from Telegram user @Asela1112
Bit Hotel metaverse is depend on dual token system & they are $BTH and $BHOTEL. $BTH will be used on staking & trading purposes. $BHOTEL can be earned by playing & NFTs. So doesn’t the $BHOTEL have a real value like $BTH? Can you show us how will the $BTH & $BHOTEL be different? What kind of usecases will the $BHOTEL included with? So what about the total supply of $BHOTEL tokens, Will it be a unlimited supply?

Leon:
Very well formed question, we’ll make the same quality answer.

Creamy (Bit Hotel | Partnerships Lead):
Great question

Creamy (Bit Hotel | Partnerships Lead):
So, $BTH is the token that will be listed on a dex, it is used to purchase our playable NFT characters, and has staking functionalities.

Creamy (Bit Hotel | Partnerships Lead):
Max supply of $BTH is 1 000 000 000.

Creamy (Bit Hotel | Partnerships Lead):
$BTH is used in the transaction fees for NFT trading, and has a minor burn mechanism

Leon:
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 that can be bought into using $BHOTEL. Do note that BHOTEL has an inflationary supply, similar to Axie Infinity’s SLP token.

Leon:
That would sum up our answer I guess!

Gold Rocket | Satoshi Club:
This is the perfect answer.

Gold Rocket | Satoshi Club:
Thanks for this great answer

Gold Rocket | Satoshi Club:
Are you ready for the next question?

Leon:
Born ready

Gold Rocket | Satoshi Club:
Q3 from Telegram User @meml97
While looking for information about Bit Hotel, I saw that you will have a “Free-To-Play” option on the game, can you tell us more about this? How will the Free-To-Play mechanism work on Bit Hotel? What kind of actions will Free-To-Play players be able to perform on the platform and game comparing it to those actions buyers will be able to do? Also, is there a limited amount of tokens players will be able to obtain this way in order to push them to become buyers? On the other side, I want to know, what kind of advantages and benefits can I get by becoming a buyer on Bit Hotel instead of playing Bit Hotel as a Free-To-Play player?

Leon:
It will be free to start playing for everyone, unlike something like Axie Infinity.

Leon:
There will however be bonuses and advantages to those owning NFT assets in-game

Leon:
By playing and competing every day even free to play players will be able to make a nice return on their time, however those investing into land and characters and such will ROI quicker

Leon:
We do not however have any pay 2 win aspects in the game, there will not be a competitive advantage in buying NFTs

Gold Rocket | Satoshi Club:
How much will it cost to buy land?

Leon: So if you’re skilled, you’re in a good spot to rank high in the leadboards and earn a lot of rewards.

Leon:
We’ll release details on this later this month!

Leon:
Let’s just say, it will be worth it to stay up to date in our announcement channel t.me/bithotel

Leon:
Done.

Gold Rocket | Satoshi Club:
Thanks for your great answers

Gold Rocket | Satoshi Club:
Let’s proceed to the next question!

Gold Rocket | Satoshi Club:
If you don’t mind.

Creamy (Bit Hotel | Partnerships Lead):
Sure!

Gold Rocket | Satoshi Club:
Q4 from Telegram User @V1ct0r_26
Hello, Bit Hotel’s Team!
I was reading your Medium Articles and you talked a little bit about the Governance Model of Bit Hotel, where players will be able to participate in by staking their tokens but also thanks to their in-game achievements. That being said, could you please give us more details about this Governance model? How many tokens do players need to stake in order to be able to participate in the governance of the game? Also, please give us more of an inside look about this achievements? What kind of achievements do players need to get to be part of Bit Hotel’s DAO? How can they get them said achievements and how many will they need to qualify as a candidate for the governance of Bit Hotel? Most importantly, what kind of actions and decisions will players be able to take part in on the governance of Bit Hotel?

Creamy (Bit Hotel | Partnerships Lead):
Interesting question, so the very specific details – token amounts etc. will be release closer to game launch.

Creamy (Bit Hotel | Partnerships Lead):
However, in terms of our governance model.

Creamy (Bit Hotel | Partnerships Lead):
The main catalysts are the amount of $BTH staked, NFTs they have, and the positioning on the leaderboard.

Creamy (Bit Hotel | Partnerships Lead):
In terms of achievements, you could think of certain collectibles you hold, certain game related achievements – e.g. “You played 500 games”, and whether you have participated in certain events.

Creamy (Bit Hotel | Partnerships Lead):
In terms of governance decision making

Creamy (Bit Hotel | Partnerships Lead):
There is a strong directional component

Creamy (Bit Hotel | Partnerships Lead):
The Bit Hotel has multiple aspects, p2E, communication, but also new domains such as education.

Creamy (Bit Hotel | Partnerships Lead):
Our decentralized governance model, allows the community to prioritize what should be developed first.

Creamy (Bit Hotel | Partnerships Lead):
What kind of events shall we host, should we add another floor to the hotel?

Mary | Satoshi Club:
In this way they way they will participate in development direction.

Creamy (Bit Hotel | Partnerships Lead):
The DAO would also be choosing which mini games should come on rotation next .

Creamy (Bit Hotel | Partnerships Lead):
Exactly!

Mary | Satoshi Club:
This is all or you have another options for governance?)

Gold Rocket | Satoshi Club:
I like your approach and attitude to detail. how are you doing with security? have you audited a smart contract?

Creamy (Bit Hotel | Partnerships Lead):
For now, this is what we have settled on – but we will keep adding functionalities.

Mary | Satoshi Club:
We will follow your updates .

Creamy (Bit Hotel | Partnerships Lead):
So, especially in the blockchain world – security is essential.

Creamy (Bit Hotel | Partnerships Lead):
We have been audited by Solidity Finance, this was for our INO.

Creamy (Bit Hotel | Partnerships Lead):
Furthermore, we are working with tech partners such as Decubate.com, Unvest.io

Gold Rocket | Satoshi Club:
Thanks for your answers! And for sharing.

Creamy (Bit Hotel | Partnerships Lead:
They are helping us with our smart contracts, and almost all of this tech has already been audited multiple times.

Creamy (Bit Hotel | Partnerships Lead):
As we engage further in game development, we will be auditing again and again.

Gold Rocket | Satoshi Club:
Ready to proceed to the next question?

Creamy (Bit Hotel | Partnerships Lead):
https://solidity.finance/audits/BitHotel/

Gold Rocket | Satoshi Club:
Q5 from Telegram User @Orlemys
The staking feature in your platform seems to be one of the most interesting characteristics of the ecosystem. I read that we could stake our tokens in-game- we can invest in an in-game property, and get rewarded by it. Would you elaborate on this? Could we invest in multiple properties without limit? Will the feature be available as soon as the game is live? Also, will we also be able to stake our tokens outside the game? How will it work?

Creamy (Bit Hotel | Partnerships Lead):
Again, love the detailed questions! I can tell you guys have really been delving in!

Mary | Satoshi Club:
Yes, thank you, Satoshiclubbers .

Leon:
There will likely be a whitelist for the land sale similar to the character sale.

Gold Rocket | Satoshi Club:
Satoshi Clubbers are masters of asking questions.

Leon:
Wherein we put a maximum amount of NFTs that can be purchased per whitelisted wallet.

Leon:

The staking mechanics are almost ready and will be launched soon after TGE (end of december!)

Leon:
In-game property will allow you a whole new range of things to do and earn with in-game, you can rent it out, host events and mini-games and just impress your friends.

Mary | Satoshi Club:
Cool! We will wait

Gold Rocket | Satoshi Club:
Christmas gift for users

Leon:
Staking will mostly be done on our site and not in-game directly

Leon:
Exactly, we’ll make your Christmas a whole lot merrier!

Mary | Satoshi Club:
Will you have any guidance?

Leon:
Yeah there will be tutorials for everything!

Leon:
Done.

Gold Rocket | Satoshi Club:
Thanks for your great answers.

Mary | Satoshi Club:
Ready for the 6th and last question from this part?

Creamy (Bit Hotel | Partnerships Lead):
Lets do it!

Gold Rocket | Satoshi Club:
Q6 from Telegram user @kimterbear
Bit Hotel is a socializing game quite similar to Habbo hotel if I’m not mistaken. Users can socialize through the means of private and general rooms through text-based communication. What are the forms of socializing here in BitHotel? And how does the BitHotel Coin used in Socializing? Does joining a room cost us Bit Hotel Coin? Can we initiate parties in private rooms? Do we have to pay to create a Private room?

Creamy (Bit Hotel | Partnerships Lead):
Cool! I am personally very excited about the social aspects of the game

Creamy (Bit Hotel | Partnerships Lead):
So, we will have tex and voice based communication.

Creamy (Bit Hotel | Partnerships Lead):
You can socialize by walking around the hotel, visiting events, playing mini-games together, and inviting users to your own rooms – for your own events.

Mary | Satoshi Club:
So, voice and text chats?😃

Creamy (Bit Hotel | Partnerships Lead):
Our tokens do not necesarily use socializing, but our token provides you with all the tools you need to socialize

Creamy (Bit Hotel | Partnerships Lead):
Rooms, an NFT character that provides exclusivity to certain events.

Creamy (Bit Hotel | Partnerships Lead):
You have to purchase a hotel room, but not to host a small personal get together.

Creamy (Bit Hotel | Partnerships Lead):
Done!

Gold Rocket | Satoshi Club:
Thanks guys for your great answers and this amazing first part of AMA .Dear community, we will open the chat soon. Please prepare your questions. Bit Hotel team will select 10 of them. Please remember the rules !!!

  • Only genuine questions will be rewarded. Copied questions will be disqualified
    Read the rules here (https://t.me/Satoshi_club/1292777)
  • For Part 2 of the AMA, every user will be allowed to post maximum 3 questions. One message should contain maximum 1 question. If you post more than 3 questions, you will not receive the reward if selected. Thank you for understanding and good luck!
    Also, don’t forget to join @bithotel to be elegible for rewards

Mary | Satoshi Club:
Thank you for detailed answers 😃

Creamy (Bit Hotel | Partnerships Lead):
Thank you!

Gold Rocket | Satoshi Club:
We are now waiting for the best part of our AMA – live interactive communication with Satoshi Clubbers

Mary | Satoshi Club:

Ready?

Creamy (Bit Hotel | Partnerships Lead):
https://t.me/bithotelcommunity

Creamy (Bit Hotel | Partnerships Lead):
Make sure you join Satoshi Clubbers!

Creamy (Bit Hotel | Partnerships Lead):
We are ready!

Mary | Satoshi Club:
Let’s go .

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Nensam:

I’m keen on how you plan the sustainability of this project. where will funds be raised from?

Creamy (Bit Hotel | Partnerships Lead):

So, we have a transaction tax on our NFT transactions, we are raising cash through our token sales, and we conduct INOs. We will also host events that will provide us with funds!

Q2 from Telegram user @Rakshhitx5 :

Hi !Beta version of the game is out or not? How can I try the game in Beta version? Do I need to apply for Beta version?

Creamy (Bit Hotel | Partnerships Lead):

Was going to choose this question, but you did not join our community!

Q3 from Telegram user @Nensam:

I’m keen on how you plan the sustainability of this project. where will funds be raised from?

Leon:

In order to maintain liquidity on exchanges and get new development budget we are putting a small tax on our marketplace transactions! Next to that NFT drops will also help increase our budgets!

Q4 from Telegram user @Kenotag:

How do you create a solid community? Because we know community encouragement is very important?

Creamy (Bit Hotel | Partnerships Lead):

We are conducting a 8 launchpad IDO – this creates an incredible amount of token holders, and exposure.

Q5 from Telegram user @KeymerS :

Lately the NFT games have had big drops in the market, many of them for not having a stable economy, therefore, Bit Hotel already took precautions and learned from the mistakes of other games to establish an economy that is maintained over time?

Leon:

We’ve onboarded an economist with experience in monetary policy as well as a game economy designer to design the Bit Hotel economy. In other words, it will be solid long-term!

Q6 from Telegram user @Wish111:

Can you tell us about what you are doing to make the $BHOTEL Token more valuable ? Will you have a Token burning program and staking program for $BHOTEL?

Creamy (Bit Hotel | Partnerships Lead):

Yes, we have burning and staking functionalities. And you need $BTH to purchase our NFTS. As the demand for NFTs goes up, our buy pressure increases.

Q7 from Telegram user @leixagarcia:

Can you give us details of what are the ways to acquire Bit Hotel characters and rooms at the moment? Is it possible to acquire them in pre-sale before the game release? Which are the rarest characters and rooms?

Leon:

You can acquire them at http://bithotel.io/#/pre-order right now! Land sale details will be shared soon!

Q8 from Telegram user @valoasivalo:

PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?

Creamy (Bit Hotel | Partnerships Lead):

For sure! We have established partnerships on a variety of levels, either coming in as investors, incubators, and/or DAOS that have purchased huge custom conference rooms for their communities. Most of our partners are yet to be formally announced, to name a few: Seedify, Enjinstarter, Gamestarter, Trustpad, Superlauncher, Ferrum Network, Altcoin Buzz, Enjinstarter, Dutch Game studio, and HODL.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –  https://t.me/bithotel
Medium – https://medium.com/
Website –  https://bithotel.io/#/
Twitter – https://twitter.com/playbithotel

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