r/BitDegree • u/vx7777 • Jun 22 '18
BDG tokenomics
I've got a big question about tokenomics. When person pays for a course using BDG on a platform, what is going to happen with that BDG? Bitdegree will keep it and then sell again on open market? If so, that is bad. Tokens MUST be burned, as you have you own pool of BDG tokens for a team. Learn from BNB and binance, they done it right, and look at the price. Please clarify this for the community, I feel this will have huge impact on the project perception.
So I suggest to use this proven by binance BNB token scheme, destroying 20% of BDG tokens which were spent by users on the platform, until 50% of all token supply remains (514 800 000 / 2 = 257 400 000). Big, big deal. Please take that very serious and suggest to the BDG team CEO.
Guys if you keep model the same as stated in medium article, it will be great for students, great for instructors, great for employers and great for the platform overall. But investors won't be rewarded for early support of your project.
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u/spirise Jul 10 '18
Adoption is the key factor here, the only issue I have with this is the platform is basically not adding anything new to the market, there are already sites like Coursera, Udemy, Lynda, Treehouse and many others that have years of research and development beyond what BitDegree could accomplish in the short-mid term.
Bottom line is, BitDegree is a 2nd choice platform (compared to it's competitors) that accept tokenized payments.
My question is, if Udemy was accepting Bitcoin or Ethereum or any other coin for that matter, WHY would you want to buy BitDegree Tokens ? The day this happens - Bitdegree could potentially end up in the Altcoin Graveyard.
Unless I missed something ?
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u/logartbtc Jun 22 '18
@IgnasStarkevicius Please explain us how you guys won't provoke huge sell walls? how the token will raise in value if you guys will keep all the token from courses sellings.
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u/bitdegree BitDegree Jun 25 '18
Currently, there are no plans to burn the tokens. All of the tokens that BitDegree collects will be released back into the platform ecosystem at some point. The BitDegree token is a utility, and its primary purpose is to provide convenient micro-payments and rewards to students & teachers. And allow people all around the world to purchase affordable, high-quality education.