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In this video tutorial, we learn how to create discounts using Bold Discounts v1 without the need for liquid code installation. After installing the app, you can start creating discount groups immediately. To create a discount group, select "Current Discounts" and then "Create Discount". Enter an internal discount name, choose the discount amount and type, and select products to apply the discount to. You can apply a percentage-based discount or a set dollar amount off your products. This process allows you to easily create and apply discounts to your storefront.