A full scale review to BDAM "British Digital Asset Management" Project!
You know what guys, its hard to do a review on certain projects in cryptocurrency if there is nothing to actually review, like sort of product or only showcasing their theoretical project. So Im happy to do a full scale review on what we can expect to this BDAM project " British Digital Asset Management". Upon browsing the site I am biy suprised cause they have a lot of services to offer and what excites me is they already have working products. Yes with "s" not just one but there's more. Typically a project that is new usually doesnt have a product yet but only a whitepaper that describe everything you need to know but with this one, its now reached by our fingers and can actually try it. Now why not we start already right?
First, let me tell you a short brief details about their project, then lets go full swing on those products they have. No more long story or bit of introduction but straight to the point discussion and straightforward details.
WHAT IS BDAM?
According to their website, its a a project that mainly focus on investing and working on blockchain artificial intelligence, Bigdata and IoT but theres a catch. We all know that those sector on blockchain is an old school, but the team trying to combine these traditional features to a new era of decentralized finance. Well that's make sense cause defi is the trend today. In addition their team consist of industries big personnel on finance, technology, and business sector which is important when you launch a project. Im kinda looking on other team members like developers but it was not indicated so maybe next time they can show us them. Cause Im sure they have developers already since I mentioned that they have working products. Now thats all I can say as their introduction. I think we need to focus on showing whats inside the box right? Lets proceed then.
DISCUSSION OF THE PRODUCTS.
The BDAM platform have different products and services that they are working on. Upon checking the site, they have the following services or features that we will discuss here. It comprises of:
- BDAMX
- BDAM PAY
- BDAM BANK
- BDAM COIN
Now there is also a segregate platform that fuels all these services and that is called edison chain. Now let's break it down all those products that BDAM have and let see how does these products work and if it does benefited users and investors of BDAM Platform.
WHAT IS BDAMX?
This product is a hybrid exchange that works for both centralized and decentralized ecosystem. Now I thought, this is just a plan yet but its already live and working. Ive tried and navigate the context of the platform and it seems working accurately. Trying to find any glitch so far but it is a smooth UX and has a very simple design. Check out the image below.
Now the exchange has three major coin pairing of btc, eth and eos. Supporting different coins and tokens. For their btc pair, they have 10 coins/tokens paired including major top projects and stablecoins like tusd and usdt. Same goes for their eth pairing. While eos paired with five coins probably as initial trading on BDAMX. This is nice right. This by the way is also available on Apple Store and Google Playstore for mobile version.
WHAT IS BDAM PAY?
Now aside from the BDAMX platform they also have what we called BDAM PAY. Now if you want to hear a live explanation of this, better watch this short clip from BDAM:
Cool presentation right. But its not just a video but already Live too. Like BDAMX, you can already start using the app of BDAMpay which are available also on Apple and Google Playstore. Now the difference from their hybrid exchange their main pairing consists of four with the additional of Tether. What exciting there a credit/debit card synchronize with your wallet to spend it on different merchants. More like same with other famous projects such as crypto.com, and swipe. But this is a new project, imagine they have launched it so early. Im just wondering if the card already available or still on hold.
WHAT IS BDAM BANK?
Now unfortunately this is not yet open or available. Once you clicked this on site, it will only said coming soon. But as Ive read the whitepaper it will work like as an affiliation to their bdam ecosystem. Well Im excited when this function is out.
WHAT IS BDAM COIN?
Now this coin of BDAM served as a utility token on their platform and can be used on their services. Of course its token metric is completely decentralized. The total supply of bdam coins are 2billion. Now part of their seed private price pegged at $0.03 worth 100million was sold including another round of 38million pegged at $0.04 also solf out. Now regarding IEO details, it seems it is not pursue. But why need IEO, if they are already listed on an exchange.
The trading is already live and you can buy or trade your tokens with USDT pairing. Details are here:
WHAT IS EDISONCHAIN?
Edison chain served as the BDAM four layer encapsulation blockchain framework.
There are plenty of scalable protocol and platform out there but edison chain has uniquely focus on how this can help their platform to boost the scalability. Now based on the detailed scaled functions.
We have here some pretty good list which I briefly summarize.
Edisonchain has a:
Instantaneous transactions.
Notable transaction fee 0f 0.1 to 0.5% fixed.
Has a payment system for integrated PoS network.
Multi system protocol, for differenrt application such as AI, data, content incentivized distribution.
And a hub for multi purpose ecosystem such as gaming, recreational, online services and products.
Also this protocol has been supported by a lot of enterprises partnetship with big companies.
Now thats is all to learnt from their platform. Hope you enjoy this little sharing of knowledge from me. Now can find below important links of the project and stay tuned for more update.
Website: https://www.bdam.co/index.html
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5259527.new#new
Whitepaper: http://bdamcoin.com/bdam-whitepaper_april_2020.pdf
Telegram: https://t.me/bdamcoin
Twitter: https://twitter.com/bdamcoin
Facebook: https://www.facebook.com/pg/BDAM-101978234917586
Creator of the article:
https://bitcointalk.org/index.php?action=profile;u=1269701
Eth address: 0x2981f6554aC5519Fec7ba96a3A799d81C683199C