Hi, Hiveans!
Right now it is actually snowing in Oslo, so good time to be inside and read and reflect.
$BDG has perhaps one of the worst reputation in the cryptosphere, where reputation is almost everything.
The shittiest of all shitcoins.
$BDG was the result of an ICO in 2017 where I was persuaded to invest. After the ICO, the token tanked 99,9%, and the project was seen as "scam".
LONG ROAD TO ICO PRICE
Scam is not a word that should be used lightly, and it is difficult to see if it really was a scam. It has been at all times possible to pay with $BDG on https://www.bitdegree.org/ and get a decent discount, but the promised token integration was not implemented, and you could not earn crypto while taking courses. Ethically it is very questionable if they used the ICO just to fund the platform.
Over 150 BitDegree Courses — on the House!
Most of the courses our outside my fields of interest, That being sad, the platform is seen as succesful, with good reviews.
Blockchain-based education is one of the most potent usecases, but it could just be that we are still somewhat early. The pandemic has also make millions finding other ways to learn skills and monitize their talents.
When I have contacted the team about why the token has failed, their answer is that the "market decide". This is not an acceptable answer perhaps, but I still see some value in Bitdegree that I believe that blockchain education will take of, and that Bitdegree is pioneers in that regard.
When they have done almost everything else correct, I believe there is the opportunity that they will do more efforts to implement the token if the price increases. Which I believe it could. They also need to do that to not loose their credibility.
I feel sympathetic towards those that do not wish to invest given their arrogant and non-chalant attitue towards their funders (ICO participants).
But, the market cap is very low. I bought lots of tokens in the 0,3 mill range. There is also the possiblity that new crypto investors will not know the history and view the project more optimistically. We have seen that with Kin and CargoX and others that have taken of recently. Both projects have token integration though so they are perhaps not comparable. We all know the cyclical nature of crypto, and that many coins often seem to reach former all time highs.
This is of course not trading advice.
Elearning and blockchain in eduaction is going to be huge!
Hive with its proof of brain should also be an excellent choice for launching and education and learning platform.
Perhaps that it what can make it realize its true potential?
