A file download is a pretty big commitment for an "explanation". I'm going to pass on that. :/

They also seem to be data-mining the chats, and preparing to sell off data assets. From the Privacy Policy: " Information we collect may include but not be limited to username, email address, and any messages, images, transient VOIP data (to enable communication delivery only) or other content you send via the chat feature."

They are pretty open that they collect a lot of data about you, and this is not even the full list ("not limited to").

"...we may conduct research on our customer demographics, interests and behavior based on the information collected. This research may be compiled and analyzed on an aggregate basis, and we may share this aggregate data with our affiliates, agents and business partners"

Shared for dollars, of course.

"As we develop our business, we might sell or buy businesses or assets. In the event of a corporate sale, merger, reorganization, bankruptcy, dissolution or similar event, your information may be part of the transferred assets."

They can sell your data, including all the chats they have collected.

It is of course a Privacy Policy and not a Business Model strategy document, but it is pretty far-reaching and allows for monetization of anything you do with Discord. You are the product.