AMA Recap Crypto Library with BitBook

                                           

On 28th May 2021, BitBook conducted an AMA in the Crypto Library Community. Our guest is Nick Van Der Kolk. Lots of questions as usual from the Community about BitBook progress. The BitBook team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into BitBook .    

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
 
Nick (BitBook) : Yes, my name is. Nick van der Kolk, im 33 years old and been in Sales for 17 years. Worked in my last job as the VP sales at TravelPerk, where I had 10 managers and around 100 sales people. We did 700 million in travel volume. Next to that I have worked 2 years for KuCoin as their Listing director. So I listed projects and picked the best ones. We stopped doing that last year. Now focused 100% on BitBook full time.

FIRST SEGMENT (HOST)
Crypto Library Team : What is BitBook? and how is the story/reason behind the BitBook project creation?

Nick (BitBook) : BitBook is the travel platform where people can book accommodation and earn tokens in the process. With our Token Reward program, not only will we drive adoption of the platform by incentivizing users to bring their friends onboard, but also we drive organic traffic by rewarding users who create remarkable travel content. We made BitBook because we want to enable people to create a passive income stream for themselves. I was inspired by Steem, how they have used User generated content as a business model to attract people coming to the platform. You see, in normal times, the number 1 google adwords spender of the world is Booking.com, so trying compete with them there, is mission impossible. With our token economy we play in a different game, we can compete.

Crypto Library Team : What is so exciting about BitBook which make BitBook different from other projects out there?

Nick (BitBook) : Other crypto companies make the mistake of not having a solid working growth model. BitBook, on the contrary, is built with a focus on growth where everyone benefits: users are rewarded with tokens when they use our platform, and accommodation providers benefit from a lower commission structure solving their biggest challenge. BitBook’s business model will be split into three different revenue streams: 

  • Competitive commission model for every booking made on the BitBook platform. 
  • Affiliate Marketing to sell third party products (Insurance, flights, car hire etc) 
  • Advertisement to enable our partners to offer relevant products and services. 

The most exciting thing is the following: 100% of the revenue streams will be used to buy back tokens from the market, they will then be burned, decreasing the total circulating supply which will drive up the value of the BitBook token.

Crypto Library Team :  Please tell us about BitBook token $BBT! What are the token use-case, distribution, and where we can buy it?

Nick (BitBook) : BitBook is built with a focus on growth where everyone benefits: Travellers earn tokens when booking and reviewing their experience; 
  • Content creators earn tokens when they create quality travel content that attracts traffic to the site, and also for every new active user that they bring onboard; 
  • Influencers earn tokens for sharing the travel content on their social media accounts and leveraging their audience to bring new active users into BitBook; 
  • Accommodation providers benefit from a low commission structure, solving their biggest challenge and increasing their profits on each of their bookings; 
  • BitBook community benefit from the increase of traffic and adoption of the site as the value of the BitBook token increases.

You can buy the token on Probit:  

https://www.probit.com/en-us/ieo/bbt-round1/0 

And you can buy the token on Unicrypt: 

https://app.unicrypt.network/amm/pancake-v2/ilo/0xf4fF031F7625eAcAa529D38a3d7D0d8068E46fA6

Crypto Library Team : Please share some information about your roadmap, your milestones, and your future plans?

Nick (BitBook) : We will launch our MVP next week during the IEO actually! so that will be exciting and we have a couple of exchanges secured and paid for, that we will be listed on next. We will focus a lot on building out the platform step by step. So that we can deliver even more options and make more revenue. More revenue not for us, but like I said, 100% of revenue goes into buying tokens. from the market and burning them.
SECOND SEGMENT (TWITTER)
Crypto Library Team : What has been the biggest challenge to date in developing BSClaunchorg how have you overcome it?
 
Nick (BitBook) : No KYC needed, you get passive income due to that when someone registers on BitBook platform, they come from somewhere. For example they clicked on a link that you posted on your facebook. The person that was responsible for bringing onboard that new user will get attributed for Life to that person. When that person then books, it generates a reward for whoever was repsponsible bringing onboard that user. So in a sense, as time grows on , and lets say you brought 100 people to the platform and they book from time to time (summer holiday, maybe a ski holiday etc)
you will get rewarded, for 20 years!!
so it becomes truly passive

Crypto Library Team : I see your project is a bit like Travala adopting crypto in the travel sector.Are there many partners who will cooperate with your project? Are there any difficulties with local government regulations?
 
Nick (BitBook) : We are a bit like Travala yes, thats true! We have several partners indeed, but I want to point to the biggest potential partner for us who literally announced something amazing last week. https://www.binance.com/en/support/announcement/41780a650c1748d59aa946d76e73ac81 They say: In beta, Travala is the first merchant to be onboarded under the Hotels category on the Binance Marketplace. To access Hotels, please visit the More section on the Binance app homepage. For more information, please refer to Binance Pay FAQs. A further announcement will be posted when the registration is open for the Binance Marketplace program. So. guess who we will try to make our next partner?
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Can you explain how your Tokenomics is distributed? How many $BBT tokens will be printed? And how many tokens will the team lock?

Nick (BitBook) : Yes certainly 50 million private sale (15% discount) 350 million Public IEO , so thats 87,5% of all circulating supply After 6 months the reward programs begin, which create 0,25% inflation on a monthly basis for 20 years After 6 months and 20 years, the total supply will be 1 billion tokens. HOWEVER we have a 100% buyback program from all our revenue. So any revenue we make, we will use to buy and burn tokens from the market Team gets 0 tokens Team will start getting salary from the reward program in tokens, so not in revenue. This makes evreyone hyper focused on making the token more valuable.

Crypto Library Team : As a community based project? And do you have a Referral Rewards System Program or a Global Ambassador? If so, how can I join?

Nick (BitBook) : Yes we are a community based project, we have NO VC's , NO advisors, No team tokens, No free tokens for anyone. You can join on the platform when it launches and for now you can join our telegram: https://t.me/bitbooknetwork

Crypto Library Team :How and WHERE can I #BUY your $token and what is the criteria? Currently, is it available on any #Exchanges???

Nick (BitBook) :You can buy tokens from Probit: https://www.probit.com/en-us/ieo/bbt-round1/0this starts 31st may and you can buy tokens on Unicrypt on the 4th of june: https://app.unicrypt.network/amm/pancake-v2/ilo/0xf4fF031F7625eAcAa529D38a3d7D0d8068E46fA6

Crypto Library Team :will your project make a real contribution to the world?

Nick (BitBook) :Yes, we will not only enable people to travel, we will enable content creators to make money from making amazing helpful travel content, we will enable influencers and travel bloggers to have passive income from the work they have done. We will reward people who travel, if the token keeps going up, you could literally afford your next holiday for free or at minima with a huge discount.

Crypto Library Team : Scams and project rugpulls are now growing day by day how do you ensure safety of funds and data. Any plan for an audit of smart contract?

Nick (BitBook) : You are right, its filled with them, our channel gets attack each day, theres people pretending to be me etc. We are: Fully KYC'd and gone through compliance done by ProBit Fully KYC'd and token has been audited -> available to see by Unicrypt We have public linkedin profiles, I have more then 10k connections and more then 30 personal public recommendations which you could easily ask abuot me. Team members are literally on the KuCoin website to this day with team pictures and on youtube.
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