1 00:00:00,320 --> 00:00:03,480 Meow, meow, meow, meow, meow. The whole fucking day. 2 00:00:03,560 --> 00:00:05,680 You know. Meow, meow, meow. 3 00:00:06,080 --> 00:00:08,960 Wake up, wake up, retweet, meow, meow. 4 00:00:10,560 --> 00:00:12,560 Oh my God. What the fuck is going on today, 5 00:00:12,560 --> 00:00:18,040 man? Oh oh meow God yo-yo yo-yo OV 6 00:00:18,280 --> 00:00:21,760 yo-yo yo. You should send this MF for King 7 00:00:21,760 --> 00:00:23,160 movie. Can you please send this MF for 8 00:00:23,160 --> 00:00:25,560 the link if he wants to come on video Yo-yo yo. 9 00:00:25,960 --> 00:00:28,240 What's up with yo-yo yo, Good morning. 10 00:00:28,240 --> 00:00:31,880 Good. Morning meow meow GMGM. 11 00:00:31,880 --> 00:00:35,560 Oh my. God JMJMJM. 12 00:00:36,360 --> 00:00:39,400 G meow, G meow. Funny. 13 00:00:39,560 --> 00:00:40,440 Funny, bro. It was funny. 14 00:00:40,440 --> 00:00:41,200 It's funny. It's funny. 15 00:00:41,200 --> 00:00:44,560 It's funny. I thought yesterday was going to 16 00:00:44,560 --> 00:00:47,760 be crazy, OK? But yesterday was nothing. 17 00:00:49,120 --> 00:00:52,960 Today was crazy. Like like, Oh my God. 18 00:00:53,000 --> 00:00:54,040 Yesterday. Yesterday. 19 00:00:54,080 --> 00:00:57,600 Kind of 100%, right? I mean, I, I, I, I, I mean, I, 20 00:00:57,760 --> 00:01:00,160 I, I, we, we we try to think out for, like, ages, right? 21 00:01:00,160 --> 00:01:01,640 We can't know what's gonna happen, right? 22 00:01:01,880 --> 00:01:04,000 But today, Oh, my God, all the farting. 23 00:01:04,000 --> 00:01:06,000 Holy shit. I'm like, how'd they come from. 24 00:01:06,000 --> 00:01:07,600 Holy shit. Oh, my God. 25 00:01:07,640 --> 00:01:08,480 So crazy. Sorry. 26 00:01:08,720 --> 00:01:09,760 Go on, go on. Anyway. 27 00:01:09,760 --> 00:01:10,520 Hey, guys. Hello. 28 00:01:10,520 --> 00:01:12,480 How's it going? Hello. 29 00:01:12,480 --> 00:01:15,280 Hello. Listen, I'm not even gonna do 30 00:01:15,280 --> 00:01:20,480 the usual intro here today. This is why I ate $300,000 into 31 00:01:20,480 --> 00:01:22,760 Jupiter yesterday. That's my founder. 32 00:01:22,960 --> 00:01:24,640 No fucking way this. Way, dude. 33 00:01:25,200 --> 00:01:27,920 You show the receipts, bro. We are apes over here. 34 00:01:27,920 --> 00:01:29,160 We don't fuck around on this show. 35 00:01:29,160 --> 00:01:30,360 We don't just talk about. Shit. 36 00:01:30,360 --> 00:01:33,840 Oh my God. Oh my God. 37 00:01:33,960 --> 00:01:34,960 This. Is my founder. 38 00:01:35,120 --> 00:01:37,040 No, not if that is, not if that is true. 39 00:01:37,040 --> 00:01:39,640 We're going to meow together for a long time if that is true. 40 00:01:41,920 --> 00:01:44,320 I'm a I'm a meow with you. I am like the biggest. 41 00:01:44,320 --> 00:01:47,000 You're going to ask everyone. I'm the best community member 42 00:01:47,000 --> 00:01:48,280 there is. OK, so. 43 00:01:49,040 --> 00:01:50,520 Are you a good meow though? Are you a good cat though? 44 00:01:50,520 --> 00:01:51,320 I go cat. I go. 45 00:01:51,320 --> 00:01:52,920 Can you meow? Well, I I think you can. 46 00:01:52,920 --> 00:01:54,520 You can. You will meow pretty well just 47 00:01:54,520 --> 00:01:59,680 now. I think how about your radar 48 00:01:59,720 --> 00:02:01,280 meow. So you know what I'll go first. 49 00:02:02,120 --> 00:02:06,360 I'll go first the. Great, The Great American Show. 50 00:02:08,560 --> 00:02:12,120 So let me. Let me meow. 51 00:02:12,120 --> 00:02:13,480 First you tell me what you think about. 52 00:02:13,480 --> 00:02:15,680 It OK. No, no, no, no, no, no. 53 00:02:15,840 --> 00:02:17,720 I'm going to close. Don't tell me who me. 54 00:02:18,240 --> 00:02:21,600 I'm just gonna. That's gonna not see any test. 55 00:02:21,600 --> 00:02:23,640 No, no. Let's go. 56 00:02:24,160 --> 00:02:24,520 Yeah. OK. 57 00:02:24,520 --> 00:02:28,480 Go meow. OK, Got it. 58 00:02:28,480 --> 00:02:29,200 Meow. Meow. 59 00:02:32,400 --> 00:02:33,760 Got it. Oh, OK. 60 00:02:33,800 --> 00:02:36,760 I know it. The the the third one, then the 61 00:02:36,880 --> 00:02:38,920 first one. The second was lame, man. 62 00:02:44,880 --> 00:02:46,440 The winner. I don't know who that is, but 63 00:02:46,440 --> 00:02:48,600 the winner take a reward. OK, yeah, something. 64 00:02:50,720 --> 00:02:52,400 Amazing, I get. The winner get the rewind. 65 00:02:52,520 --> 00:02:53,480 That was me. Faroque. 66 00:02:53,600 --> 00:02:54,440 Yeah. Awesome. 67 00:02:54,440 --> 00:02:55,400 Fire. OK, cool. 68 00:02:55,400 --> 00:02:56,520 Awesome. All right, cool. 69 00:02:56,560 --> 00:02:57,000 Cool. All right. 70 00:02:57,000 --> 00:02:58,880 OK. Guys, guys, I I I got, this is 71 00:02:58,880 --> 00:03:00,680 fucking fun. But I got something Laura Shin 72 00:03:00,800 --> 00:03:03,720 at in 20 minutes, right? So come on, man, Hit me, hit me. 73 00:03:03,720 --> 00:03:04,800 Come on, Come on. OK. 74 00:03:04,880 --> 00:03:06,560 We have 20 minutes. Yeah, fuck yeah, let's. 75 00:03:06,560 --> 00:03:07,240 Go. We'll fuck you up. 76 00:03:07,280 --> 00:03:07,960 We'll fuck you up. OK. 77 00:03:08,120 --> 00:03:09,560 First question. Let's go. 78 00:03:09,800 --> 00:03:10,640 Yeah, let's go. OK. 79 00:03:10,640 --> 00:03:12,120 OK. So first question though, do you 80 00:03:12,120 --> 00:03:15,240 want to come on video? No, no, not OK. 81 00:03:16,840 --> 00:03:18,400 No video is fine. Yeah, I I think I'll do it next 82 00:03:18,400 --> 00:03:20,360 time though. Are you guys on video? 83 00:03:20,640 --> 00:03:21,800 Are you are you guys on video? We are. 84 00:03:21,800 --> 00:03:24,560 We're on stream yard. Ah, fuck. 85 00:03:24,560 --> 00:03:26,160 All right, so let's do it then. Let's go. 86 00:03:26,520 --> 00:03:29,320 Oh fuck. Let's go. 87 00:03:29,560 --> 00:03:32,480 Oh, OK OK0V 0SF. You don't even follow me, 88 00:03:32,480 --> 00:03:34,080 motherfucker. Fuck. 89 00:03:34,400 --> 00:03:38,880 I was gonna follow you, bitch. Just tell me, OK? 90 00:03:38,880 --> 00:03:40,880 No, no. OSFOSF follows me. 91 00:03:40,920 --> 00:03:41,880 I said send me, send me. Shit. 92 00:03:41,920 --> 00:03:42,440 OK, Yeah. I sent. 93 00:03:43,000 --> 00:03:44,240 Me the link. Meow, yeah. 94 00:03:44,360 --> 00:03:46,040 Yeah, OV already sent you the meow link. 95 00:03:46,040 --> 00:03:47,360 Meow. So. 96 00:03:48,960 --> 00:03:51,520 So for everybody who wants to watch video, we're about to post 97 00:03:51,520 --> 00:03:53,680 the broadcast live on on Twitter right now. 98 00:03:53,880 --> 00:03:55,920 Sam's about to give it to us. We're also live on YouTube, but 99 00:03:56,080 --> 00:03:58,720 we'll show you the broadcast. We're going to get it any second 100 00:03:58,720 --> 00:04:01,400 so everyone can come and join us on video, but you can also just 101 00:04:01,400 --> 00:04:04,120 decide to stay on audio and hang tight. 102 00:04:04,240 --> 00:04:06,680 There he is, There he is. Oh my God. 103 00:04:08,200 --> 00:04:10,240 Yeah, just mute. Ain't a friend. 104 00:04:11,240 --> 00:04:12,400 Hey, guys. How's it going, guys? 105 00:04:12,560 --> 00:04:13,320 Oh, my God. Hello. 106 00:04:13,320 --> 00:04:13,920 Hello. Hello. 107 00:04:13,920 --> 00:04:20,480 Hey, hey, let's go. Hold on, can you lower your 108 00:04:20,480 --> 00:04:23,560 volume on your phone? Oh shit, I forgot about. 109 00:04:25,640 --> 00:04:27,480 That Wow, it must be late in Singapore, right? 110 00:04:28,920 --> 00:04:36,480 No more phone? Let's go. 111 00:04:37,080 --> 00:04:38,120 Number four. OK, no more 4. 112 00:04:38,120 --> 00:04:39,320 Let's go. He he threw his phone. 113 00:04:39,440 --> 00:04:40,000 Away. Let's go. 114 00:04:40,000 --> 00:04:41,120 Fight me out. Let's, let's go. 115 00:04:41,120 --> 00:04:42,200 Come on, let's go, guys. Come in here. 116 00:04:42,520 --> 00:04:43,200 Come on. Give me a bath. 117 00:04:43,200 --> 00:04:43,880 Let's go. Let's go. 118 00:04:44,800 --> 00:04:48,160 OV you were going back and forth with me, out you just go take it 119 00:04:48,160 --> 00:04:49,200 on. I'm going to share the I. 120 00:04:49,240 --> 00:04:52,640 I appreciate all the response. I guess the question I had was, 121 00:04:52,640 --> 00:04:56,880 I think I think the thing that came up about it was like maybe 122 00:04:56,880 --> 00:05:00,280 it wasn't so clear that the objective of the of the DLMM was 123 00:05:00,280 --> 00:05:02,480 to raise capital and maybe it wasn't, maybe it was just like 124 00:05:02,640 --> 00:05:04,160 this is the LMM. We have it for seven days. 125 00:05:04,160 --> 00:05:07,280 It provides liquidity, but I think you know if the end 126 00:05:07,280 --> 00:05:11,400 outcome is that like there are net buyers and then tube ends up 127 00:05:11,400 --> 00:05:14,320 with like whatever a ton of USTC, it kind of like acts as 128 00:05:14,320 --> 00:05:16,080 like a fundraiser, a capital raise. 129 00:05:16,840 --> 00:05:18,880 I mean I think you answered my questions in the pretty clearly 130 00:05:18,880 --> 00:05:21,840 in the replies, but just for everyone listening like how did 131 00:05:21,840 --> 00:05:23,800 you guys think about that and what's the kind of objective 132 00:05:23,800 --> 00:05:27,320 behind it etcetera? So I I I feel like first of all 133 00:05:27,320 --> 00:05:28,520 thanks. Thanks for taking the time. 134 00:05:28,520 --> 00:05:29,880 Right. You know, to ask questions 135 00:05:29,920 --> 00:05:31,640 versus like. No, no, really. 136 00:05:31,640 --> 00:05:33,280 Seriously. Looks like we so many people 137 00:05:33,280 --> 00:05:34,640 just tweet random shit, you know? 138 00:05:34,640 --> 00:05:36,640 Right. I really, really appreciate that 139 00:05:37,240 --> 00:05:39,240 you taking time, right, to ask questions. 140 00:05:39,240 --> 00:05:40,280 I really, really appreciate that, Right. 141 00:05:40,280 --> 00:05:43,400 And and part of the reason why I come on, why I come on now is 142 00:05:43,400 --> 00:05:45,640 because I really appreciate you taking time to ask questions, 143 00:05:45,640 --> 00:05:47,160 right. You know, So I want to just make 144 00:05:47,160 --> 00:05:49,800 sure that I spend time with you guys to kind of talk to, you 145 00:05:49,800 --> 00:05:50,960 know, Right. Cool. 146 00:05:51,160 --> 00:05:54,120 All right. So first of all, the reason why 147 00:05:54,120 --> 00:05:57,000 we don't really think of it as a token sale per Southeast is 148 00:05:57,000 --> 00:05:59,880 because there's a very good chance we don't raise anything. 149 00:06:00,320 --> 00:06:03,320 OK. It sounds, it sounds crazy right 150 00:06:03,320 --> 00:06:06,040 now, but but the the, the, the way, the way it works, right, 151 00:06:06,040 --> 00:06:09,120 it's like it's first and foremost a bootstrap and 152 00:06:09,120 --> 00:06:11,000 backstop pool. OK. 153 00:06:11,240 --> 00:06:13,160 Now what does that what and what does bootstrap mean? 154 00:06:13,400 --> 00:06:15,520 Bootstrap means that we're trying to actually have 155 00:06:15,800 --> 00:06:18,960 liquidity of time at a low price, right? 156 00:06:19,280 --> 00:06:21,080 So people can start buying early, right. 157 00:06:21,080 --> 00:06:23,480 And then what that means, it means that means that people can 158 00:06:23,480 --> 00:06:26,920 start dumping too, right. You know and you want and you 159 00:06:26,920 --> 00:06:29,960 want that because you actually want a smooth like price, price, 160 00:06:29,960 --> 00:06:32,000 price graph, right. You know versus having super 161 00:06:32,000 --> 00:06:35,960 erratic you know stuff right now and then and then on the other 162 00:06:35,960 --> 00:06:37,680 end, right. And then and then and then on 163 00:06:37,680 --> 00:06:38,800 the end is a backstop pool, right. 164 00:06:38,800 --> 00:06:40,440 And you see that happening now by the way, right. 165 00:06:40,720 --> 00:06:44,560 You see that actually we actually because guys, guys, one 166 00:06:44,560 --> 00:06:47,880 thing remember here is this, OK, people talk about like all the 167 00:06:47,880 --> 00:06:50,520 fathers talk about the fact that like you know we might end up 168 00:06:50,520 --> 00:06:53,760 100 million in the pool, right. But that's hypothetical. 169 00:06:54,240 --> 00:06:57,080 What's actually true is that, like, right now, at every single 170 00:06:57,080 --> 00:06:59,960 second, right, you have people claiming millions of dollars, 171 00:06:59,960 --> 00:07:02,560 OK, And just dumping it, right? That is true. 172 00:07:02,880 --> 00:07:04,560 OK, so now guys, think think about it, right? 173 00:07:04,560 --> 00:07:07,040 So it's like literally, we have no idea what's gonna happen. 174 00:07:07,280 --> 00:07:09,960 OK, Right now we have some right now we have some level 175 00:07:09,960 --> 00:07:11,880 confidence, right? That right now it's not that 176 00:07:11,880 --> 00:07:14,560 confidence that, OK, it's going to be probably not .7, but 177 00:07:14,560 --> 00:07:16,360 probably .6 and stuff, right? You know? 178 00:07:16,360 --> 00:07:17,800 But the truth is that we don't know, right? 179 00:07:18,000 --> 00:07:21,360 We don't know. So it's actually very different 180 00:07:21,360 --> 00:07:24,440 from a tip. And remember, seven days, OK, 181 00:07:24,800 --> 00:07:28,560 seven days of dumping, OK, seven days of people going, Oh my God, 182 00:07:28,560 --> 00:07:30,520 I bought, I bought a Juke. I shouldn't have bought a Juke. 183 00:07:30,520 --> 00:07:33,320 Let me dump on this shit, right. And guys, you know what's crazy 184 00:07:33,320 --> 00:07:35,720 about this thing? What's crazy about this thing is 185 00:07:35,720 --> 00:07:37,840 that, like, if you bought a Juke, you probably bought the 186 00:07:37,840 --> 00:07:40,200 Max you bought you at 70 cents 70, OK? 187 00:07:40,480 --> 00:07:43,280 And today you can sell at $0.60, right? 188 00:07:43,280 --> 00:07:45,480 You lose like $0.10. It's no big fucking deal, right? 189 00:07:45,760 --> 00:07:48,480 So it's like, so it's literally, yes, seven days, right? 190 00:07:48,480 --> 00:07:52,600 So for example if if you know if I end up in crazy right I I get, 191 00:07:52,600 --> 00:07:55,520 I get naked, I run around I run around somewhere right. 192 00:07:56,160 --> 00:07:57,840 Dump Joop, right. You know then they can still 193 00:07:57,840 --> 00:08:01,000 dump Joop no problem right now. So it's like there's no way in 194 00:08:01,000 --> 00:08:03,920 hell, right. So so the the first and foremost 195 00:08:03,960 --> 00:08:07,640 the reason why we don't, the reason why I I guess I don't 196 00:08:08,120 --> 00:08:11,360 think of it first and foremost as a sale is because it's first 197 00:08:11,360 --> 00:08:14,320 and foremost a desktop pool because we don't get anything. 198 00:08:14,480 --> 00:08:17,360 OK. Unless we show that unless the 199 00:08:17,360 --> 00:08:21,000 token actually holds value, right, you know, for like 7 200 00:08:21,000 --> 00:08:23,680 days, right. And there's no guarantee by the 201 00:08:23,680 --> 00:08:25,280 way, There's no guarantee, you know, like so. 202 00:08:25,280 --> 00:08:27,680 So that's actually important, that's, that's the first thing, 203 00:08:27,680 --> 00:08:30,840 right? And again, we don't know, right 204 00:08:30,840 --> 00:08:33,600 and and and and then so and then secondly, secondly and secondly, 205 00:08:33,600 --> 00:08:36,360 we don't actually know how much you're getting, OK, people throw 206 00:08:36,360 --> 00:08:39,480 the people throw around #100, a 150 million as if it's a as if 207 00:08:39,480 --> 00:08:42,320 105 million, whatever as if it's a finality. 208 00:08:42,440 --> 00:08:44,520 We don't know, right? We could end up with like any 209 00:08:44,520 --> 00:08:46,840 honestly earlier today, right when the thought was hitting 210 00:08:46,840 --> 00:08:49,720 really hard, the price was going like this all the way down, 211 00:08:49,960 --> 00:08:51,560 right. You know, there's a very good 212 00:08:51,560 --> 00:08:53,360 chance we end up with like 50, you know? 213 00:08:53,360 --> 00:08:56,760 Which by the way, guys, I I hate to be, I hate to sound crazy 214 00:08:56,760 --> 00:09:03,840 here but if you if you do A7, if you do like A7 billion, 6 215 00:09:03,840 --> 00:09:08,520 billion FDB protocol, 50-60 hundred is not such a big deal 216 00:09:08,520 --> 00:09:13,160 number, you know, right. I mean, I mean, I'm just saying 217 00:09:13,160 --> 00:09:15,000 I'm not, I don't want to say that right, because it comes 218 00:09:15,000 --> 00:09:17,880 because it's weird. But I I find it a little bit 219 00:09:17,880 --> 00:09:20,720 annoying to be honest. But but, but, but I think the 220 00:09:20,720 --> 00:09:22,520 point that we don't know, right. But earlier today it was like 221 00:09:22,720 --> 00:09:24,640 the thought was heating really hard and it looked like might go 222 00:09:24,640 --> 00:09:28,080 away to 50 or even 40, right? You know, So in that case it 223 00:09:28,080 --> 00:09:30,320 wouldn't be if it hit to 50 for example. 224 00:09:30,320 --> 00:09:31,360 In a sense, right? For example, Right. 225 00:09:31,680 --> 00:09:35,720 That means that the the pool would be about 50 milliliters CC 226 00:09:36,280 --> 00:09:39,320 roughly, right? According to the curve, 50 227 00:09:39,320 --> 00:09:41,440 million CC, right. So we don't know, so, so we 228 00:09:41,440 --> 00:09:43,040 don't know what it's going to be, right. 229 00:09:43,040 --> 00:09:45,520 So basically I think if we wanted to do a token sale, 230 00:09:45,520 --> 00:09:48,400 right, I guess for example you guys, you guys from the Mango 231 00:09:48,880 --> 00:09:50,760 Mango IDEO. Mango markets, yeah. 232 00:09:51,200 --> 00:09:52,280 Yeah. Yeah. 233 00:09:52,280 --> 00:09:53,680 So, so that is the token sale, right. 234 00:09:53,920 --> 00:09:57,200 They have X amount of tokens in, X amount JC in, right. 235 00:09:57,720 --> 00:10:00,640 And then under they they then then after the token sale they 236 00:10:00,640 --> 00:10:05,200 take the USDC out and then and then the and then the token hits 237 00:10:05,200 --> 00:10:06,760 open market. Yeah right. 238 00:10:07,040 --> 00:10:09,320 You know and whatever happens and you guys from a parrot, a 239 00:10:09,320 --> 00:10:12,840 parrot, parrot, parrot, parrot, they did it. 240 00:10:12,840 --> 00:10:15,520 It was crazy. It did two rounds of mango, one 241 00:10:15,520 --> 00:10:17,280 round mango, round mango, right. And then the the, The funny 242 00:10:17,280 --> 00:10:19,920 thing is that the the first round sucked up a lot of demand 243 00:10:20,320 --> 00:10:23,280 and there's no demand for a second round and but hit open 244 00:10:23,280 --> 00:10:24,440 market there was no demand at all. 245 00:10:24,480 --> 00:10:26,920 Just die, right. And so so in this and then 246 00:10:26,920 --> 00:10:29,280 sending mango, sending for mango or somewhere in a slightly 247 00:10:29,280 --> 00:10:32,200 different way not so bad, right? But for our case it's very 248 00:10:32,200 --> 00:10:34,040 different, extremely different, OK. 249 00:10:34,360 --> 00:10:37,440 We literally put everything out there at the same time as open 250 00:10:37,440 --> 00:10:39,480 market, right? And it's there for seven days, 251 00:10:39,520 --> 00:10:43,120 right. So basically like, OK, I mean, 252 00:10:43,120 --> 00:10:44,760 what I was going to do, I'm giving everyone first dips, 253 00:10:44,760 --> 00:10:46,280 right? And And first of all, I'm giving 254 00:10:46,440 --> 00:10:50,360 everyone first dips, right? I am first of all, like #1 you 255 00:10:50,360 --> 00:10:56,160 can #1, is that like #1 is that like you as a agile farmer, you 256 00:10:56,160 --> 00:10:58,280 get to dump, right? And. 257 00:10:58,280 --> 00:10:59,800 And you get to dump really fast, right? 258 00:11:00,040 --> 00:11:02,360 And then you and you you. And not just that, you get a 259 00:11:02,360 --> 00:11:05,560 dump on the very first block and up to seven days, right? 260 00:11:05,560 --> 00:11:07,680 That's always liquid for you to dump right. 261 00:11:08,240 --> 00:11:11,000 And then sending for you if you buy remote you buy too early and 262 00:11:11,000 --> 00:11:13,160 go fuck oh I don't buy too anymore on the dump you dump too 263 00:11:13,160 --> 00:11:15,360 right. And thirdly and thirdly is this 264 00:11:15,360 --> 00:11:17,800 right like if you're a buyer right now here's here's a crazy 265 00:11:17,800 --> 00:11:21,440 thing right now the psychological effect actually 266 00:11:21,440 --> 00:11:24,160 very huge by the way right. If you go if the if the token 267 00:11:24,160 --> 00:11:26,640 goes like this right. You know due to like but just 268 00:11:26,640 --> 00:11:29,760 guys just to just just to guys know what happened right there 269 00:11:29,760 --> 00:11:35,760 was literally a bottle right. Sorry, can I hear me? 270 00:11:36,320 --> 00:11:39,040 Yeah, yeah. Yeah, yeah. 271 00:11:39,280 --> 00:11:40,280 Yeah. There was a bottle, right. 272 00:11:40,280 --> 00:11:43,800 That created 10,000 accounts, right, on Jupiter, right. 273 00:11:43,960 --> 00:11:46,280 Traded like a very small one on each, on each account. 274 00:11:46,440 --> 00:11:49,040 And then and then he took a 2 million joke, right. 275 00:11:49,240 --> 00:11:52,880 So for one hour straight, he was pulling out the. 276 00:11:53,760 --> 00:11:56,880 He was pulling out drawing and dumping one hour straight, you 277 00:11:56,880 --> 00:11:58,120 know, Right. That was like one that was like 278 00:11:58,120 --> 00:12:00,480 $2,000,000 worth, you know, of joke, right? 279 00:12:00,720 --> 00:12:02,960 So I mean, like, imagine if that happened, right? 280 00:12:02,960 --> 00:12:06,320 You know, without the pool, the, the press hang like this, right. 281 00:12:06,680 --> 00:12:09,000 So as a buyer you don't feel good as well, right. 282 00:12:09,000 --> 00:12:10,560 And then say you're always erratic supply and the 283 00:12:10,560 --> 00:12:14,080 performance and again Jupiter is not doing a $2,000,000 or even 284 00:12:14,080 --> 00:12:18,720 $50 million air drop. We're doing a like 67607 hundred 285 00:12:18,720 --> 00:12:20,800 million air drop. There's a lot of selling demand, 286 00:12:21,240 --> 00:12:23,320 right, you know, right. So basically I think, I think in 287 00:12:23,320 --> 00:12:26,200 summary, I think we, we tried to create a situation right, 288 00:12:26,760 --> 00:12:29,160 whereby we had enough like demand channels, right, whether 289 00:12:29,160 --> 00:12:30,960 it's sex, whether it's sex, because we wanted to make sure 290 00:12:31,040 --> 00:12:33,240 whether it's on chain or auction, right, to create enough 291 00:12:33,240 --> 00:12:35,480 the demand stuff, right. To create a system whereby there 292 00:12:35,480 --> 00:12:38,680 was enough like enough like enough incentive for users to 293 00:12:38,680 --> 00:12:40,840 come in early, right. You know, because it was priced 294 00:12:40,840 --> 00:12:42,800 like slightly below the per price. 295 00:12:43,400 --> 00:12:46,880 And lastly I think and lastly I think I do and last thing I say 296 00:12:46,880 --> 00:12:48,960 is this I do, I did make some mistakes, OK. 297 00:12:49,560 --> 00:12:52,840 I think the first mistake I made is that I think I did price a 298 00:12:52,840 --> 00:12:57,360 bit too high. But I did that to my, in my 299 00:12:57,360 --> 00:13:01,880 defense, I did that because the first time we did it, it was 300 00:13:01,880 --> 00:13:03,640 bought like crazy, OK? Yeah. 301 00:13:03,840 --> 00:13:06,800 And the community hated me. Like, fuck you, man, I'll fuck 302 00:13:06,800 --> 00:13:07,920 you. You're fucking useless. 303 00:13:08,160 --> 00:13:09,800 You know? You can't you can't even design 304 00:13:09,800 --> 00:13:11,480 A launcher to protect your fucking people. 305 00:13:11,480 --> 00:13:14,400 And then I was like, and then I I I overreacted, OK? 306 00:13:14,400 --> 00:13:16,920 I overreacted, OK. I was like, oh, shit, I better 307 00:13:16,920 --> 00:13:18,680 stop the botting. Then I overreacted, OK? 308 00:13:18,720 --> 00:13:21,080 I I shared. It wasn't even too high because 309 00:13:21,080 --> 00:13:23,840 it was, I mean on Ava and stuff it was trading at like $7 310 00:13:23,840 --> 00:13:26,400 billion FTV. So where you had it was actually 311 00:13:26,400 --> 00:13:28,560 a bit lower than where I was already trading, right so. 312 00:13:28,560 --> 00:13:31,560 You actually, but I think on hindsight you want to get .3 to 313 00:13:31,560 --> 00:13:34,480 .6, right, because you do actually want to finish the 314 00:13:34,480 --> 00:13:36,160 pool, right. You know, Right. 315 00:13:36,160 --> 00:13:38,720 So I think so. No, no, no, you're right. 316 00:13:38,720 --> 00:13:41,560 It was priced attractively at the start, right? 317 00:13:42,040 --> 00:13:45,280 But I guess it hit but but OK guys here this is very 318 00:13:45,280 --> 00:13:46,800 interesting psychology. OK, I'll show you guys. 319 00:13:46,800 --> 00:13:49,640 OK, very interesting psychology. OK, now, now guys, think about 320 00:13:49,640 --> 00:13:51,520 it right. If the market perception was 321 00:13:51,520 --> 00:13:53,720 $0.70, right? Make sense, right. 322 00:13:54,000 --> 00:13:56,720 And then the pool stopped that says stopped at $0.70. 323 00:13:57,040 --> 00:13:58,360 That is the pricing, right? Right. 324 00:13:58,640 --> 00:14:00,520 But then but then and and that's what happened right. 325 00:14:00,520 --> 00:14:02,200 Because we got and because remember the the food just went 326 00:14:02,200 --> 00:14:04,000 to $0.70 just stopped there stop there. 327 00:14:04,400 --> 00:14:08,760 Stop there. Because we we we signaled that 328 00:14:08,800 --> 00:14:12,480 it was $0.70 right. The market, the purpose $0.70 329 00:14:12,680 --> 00:14:14,760 and and because it's it stayed there for a while. 330 00:14:14,960 --> 00:14:16,880 Then the market concluded, OK, $0.70 you know. 331 00:14:17,440 --> 00:14:19,960 Right. But then whereas whereas if we 332 00:14:19,960 --> 00:14:22,200 had priced it let's say $0.60 or even $0.55, right. 333 00:14:22,200 --> 00:14:23,480 Which I don't mind. You know. 334 00:14:23,480 --> 00:14:24,880 Right. Then I think, you know then I 335 00:14:24,880 --> 00:14:26,520 think that you have gone through easily, right. 336 00:14:26,680 --> 00:14:28,760 You know. So it's it's it's again, I I I 337 00:14:28,760 --> 00:14:30,400 say this with a lot of belief, right. 338 00:14:30,440 --> 00:14:33,040 I think Juke is an experiment. Right. 339 00:14:33,240 --> 00:14:36,320 So you know I I think now they went through I, I, I can tell 340 00:14:36,320 --> 00:14:38,560 projects that work with me to be like you know what you should 341 00:14:38,560 --> 00:14:43,600 probably consider being a bit lower you know, Yeah. 342 00:14:44,280 --> 00:14:45,680 That's a lesson you learn. I'm saying yeah. 343 00:14:46,680 --> 00:14:48,520 I think a good point that you mentioned is like everyone seems 344 00:14:48,520 --> 00:14:51,760 so focused on like what happens if you know what happens if you 345 00:14:51,760 --> 00:14:53,880 know at the end of it you end up with like X amount, USDC 346 00:14:53,920 --> 00:14:55,680 etcetera. But I think, I think what you've 347 00:14:55,680 --> 00:14:58,560 tried to reinforce that people not really talking about much is 348 00:14:58,560 --> 00:15:01,800 that yes, you just air dropped $700 million, six, $100 million 349 00:15:01,800 --> 00:15:04,520 to the market and you've the thing that you've the very thing 350 00:15:04,520 --> 00:15:06,760 that you've created where you guys might make money from It 351 00:15:06,760 --> 00:15:11,280 also is there to actually absorb this huge air drop which is way 352 00:15:11,280 --> 00:15:13,160 bigger than like most air drops we see in this market. 353 00:15:13,400 --> 00:15:16,520 Yeah, yeah, we haven't really seen any air drop this size, 354 00:15:16,560 --> 00:15:17,840 right. I don't I don't know what uni 355 00:15:17,840 --> 00:15:20,520 saw starting price loss right. You know because I mean the the 356 00:15:20,760 --> 00:15:22,920 but it's not a different it's not a different it's not a 357 00:15:22,920 --> 00:15:23,920 different. You know, I think we're up 358 00:15:23,920 --> 00:15:25,480 there. You know, I think we're up 359 00:15:25,480 --> 00:15:26,400 there. I think we're up there. 360 00:15:26,480 --> 00:15:29,840 I I think and also Solana is like not known for being rich. 361 00:15:32,080 --> 00:15:32,440 How? How? 362 00:15:32,560 --> 00:15:36,320 How things change? You know, I mean, let's tell it. 363 00:15:36,320 --> 00:15:38,120 Come on guys, if you want to go to for a chain, right? 364 00:15:38,360 --> 00:15:40,040 How the fuck I'm going to know how much money you guys going to 365 00:15:40,040 --> 00:15:41,600 be, right? I mean, I want typing like 366 00:15:41,600 --> 00:15:44,800 Christian stuff, but hey guys, I mean buying a token, like, no 367 00:15:44,800 --> 00:15:46,920 buying. Like you know buying guy guy 368 00:15:46,920 --> 00:15:51,520 guys buying a small percent of a token and calling it 5 billion 369 00:15:51,840 --> 00:15:54,280 right. And buying a pretty big air 370 00:15:54,280 --> 00:15:59,840 dropped degen dumping right. Aggressively dump, right. 371 00:15:59,840 --> 00:16:01,760 You know it's And beginning families. 372 00:16:01,760 --> 00:16:03,200 Two different things. How the fuck is to know, right? 373 00:16:03,200 --> 00:16:03,920 Seriously. I don't know. 374 00:16:03,920 --> 00:16:06,600 And then not just that right The moment I I woke up and like 375 00:16:06,600 --> 00:16:09,200 fuck, so I went to sleep and like fuck I didn't break the I 376 00:16:09,200 --> 00:16:11,400 didn't break that point right. And then fine. 377 00:16:11,400 --> 00:16:13,240 Whatever. I'm like OK, my now, my is fine. 378 00:16:13,240 --> 00:16:14,480 It's still OK then go sleep right. 379 00:16:14,480 --> 00:16:17,440 I woke up like all the fucking fuck and fuck you right. 380 00:16:17,440 --> 00:16:20,560 And then just no, seriously, the the fight does kept spreading 381 00:16:20,560 --> 00:16:22,040 and then the the prices kept lowering, right. 382 00:16:22,040 --> 00:16:22,960 Because they've been dumping, right. 383 00:16:22,960 --> 00:16:24,680 You know what I'm saying? Because like people are saying 384 00:16:24,680 --> 00:16:26,360 that oh, we're going we're going to dump about blood. 385 00:16:26,360 --> 00:16:27,640 I'm like, no, the tools are already sold. 386 00:16:27,920 --> 00:16:30,120 The tools are literally already sold because they have this 387 00:16:30,120 --> 00:16:33,040 pool, right. Because they do they, you know, 388 00:16:33,040 --> 00:16:35,240 I realized guys, I heard that people don't understand 389 00:16:35,240 --> 00:16:37,800 anything. They only understand buy sell 390 00:16:37,840 --> 00:16:40,640 right and they were dumped. Nobody. 391 00:16:41,320 --> 00:16:46,080 Reads. By only two of Orlando, nobody 392 00:16:46,080 --> 00:16:48,160 ain't reading on crypto. No one using crypto crypto 393 00:16:48,160 --> 00:16:49,800 ignore. It I didn't. 394 00:16:50,120 --> 00:16:52,440 Even talk about this before, like we we're from a background 395 00:16:52,440 --> 00:16:54,600 where like everyone would have read the docs before. 396 00:16:54,600 --> 00:16:56,320 Like a big thing like this has come out. 397 00:16:56,320 --> 00:16:58,760 And then literally the first thing on the front of the dock, 398 00:16:58,760 --> 00:17:00,880 which is like, this is how Mitz is going to get sold, becomes 399 00:17:00,880 --> 00:17:03,000 this huge thing because nobody knows how to read. 400 00:17:03,760 --> 00:17:06,359 Yeah, not OK. But I'll be honestly, I'll be 401 00:17:06,400 --> 00:17:07,240 honest here, OK. OK. 402 00:17:07,319 --> 00:17:11,000 I I bought, I bought a bunch of shit coins before checking the 403 00:17:11,000 --> 00:17:15,480 mint. OK, I respect it. 404 00:17:15,520 --> 00:17:17,359 Means you're one of us. It means you're one of. 405 00:17:18,319 --> 00:17:20,520 Us. I'm like, oh, I'm like, oh, did 406 00:17:20,520 --> 00:17:23,680 you get Twitter about that. That was interesting. 001, let's 407 00:17:23,720 --> 00:17:27,079 go fancy of that. Plenty of that, you know. 408 00:17:27,079 --> 00:17:28,240 So it's fine. I don't. 409 00:17:28,240 --> 00:17:31,880 I don't like, but no guys, OK. If you don't, if you don't read 410 00:17:31,960 --> 00:17:34,280 before you buy, it's fine, right? 411 00:17:35,240 --> 00:17:37,200 But if you're going to shit on someone. 412 00:17:37,200 --> 00:17:40,920 Yeah, exactly. Right before you and you don't 413 00:17:40,920 --> 00:17:41,920 read. That's not cool, man. 414 00:17:41,920 --> 00:17:43,760 Bro. I'm telling you, man, that's not 415 00:17:43,760 --> 00:17:46,960 cool, right? So now my question would be like 416 00:17:46,960 --> 00:17:48,920 now what? Right, This all happened 417 00:17:48,920 --> 00:17:51,120 already. You were just on nifty portal 418 00:17:51,120 --> 00:17:54,200 with our friends and then you came in last second here like 419 00:17:54,200 --> 00:17:55,960 now what? The fun already happened? 420 00:17:55,960 --> 00:17:58,720 You guys just said it's already sold, like there's not more 421 00:17:58,720 --> 00:18:00,760 tokens to sell. So now what, right? 422 00:18:00,760 --> 00:18:03,000 Like, what would you tell people so everybody can just chill out? 423 00:18:03,200 --> 00:18:06,080 I mean, I mean, I mean I'll tell people, I'll tell people you 424 00:18:06,080 --> 00:18:10,600 know, 8 all you want for six days before you get. 425 00:18:10,600 --> 00:18:12,720 You can always sell this price. No matter how I dump it is 426 00:18:12,960 --> 00:18:14,080 right. There's always this pool ready 427 00:18:14,080 --> 00:18:16,040 for you to dump into right now. Right. 428 00:18:16,040 --> 00:18:17,880 For six days, right. You know, so six days. 429 00:18:17,880 --> 00:18:20,920 Yeah, I know. Like 6 days, you know, No. 430 00:18:20,920 --> 00:18:23,040 But but I'll tell them that, you know I'm. 431 00:18:23,080 --> 00:18:26,280 I'm incredibly grateful for everybody who was partitioning. 432 00:18:26,960 --> 00:18:29,560 I know there's a lot of new users who joined us recently. 433 00:18:29,560 --> 00:18:31,480 They didn't get the ad drop. They're very upset about that. 434 00:18:32,400 --> 00:18:35,560 But I I was, I was always very clear that the priority for this 435 00:18:35,560 --> 00:18:39,800 ad drop are people who joined pre November 2nd, right. 436 00:18:40,280 --> 00:18:43,240 And some of them got really fat drops by the way, you know, some 437 00:18:43,240 --> 00:18:46,360 of them got really fat drops, you know, like ranging from 500 438 00:18:46,360 --> 00:18:48,720 to like a million and some like wow, where they come from, you 439 00:18:48,720 --> 00:18:49,200 know. Right. 440 00:18:50,200 --> 00:18:53,120 Anyway, so I'm happy that I was, I was happy also to do that for 441 00:18:53,120 --> 00:18:57,640 everyone you know really happy with that I I will improve next 442 00:18:57,640 --> 00:18:59,160 year. You know so I mean for I know 443 00:18:59,160 --> 00:19:00,720 who's here. I'll just say that like you know 444 00:19:00,720 --> 00:19:05,560 we do it every year, OK, because we do every year because doing 445 00:19:05,560 --> 00:19:08,160 it I'm not like because the way we do ad drops is different from 446 00:19:08,160 --> 00:19:08,640 other people. OK. 447 00:19:08,640 --> 00:19:11,480 We do it very intensely, OK. We don't just do points in that, 448 00:19:11,480 --> 00:19:12,600 right. We actually really go through 449 00:19:12,600 --> 00:19:15,520 all numbers and see who contributor and try to do 450 00:19:15,520 --> 00:19:17,120 everything. Is it accounting, You know it's 451 00:19:17,200 --> 00:19:18,680 our yearly accounting, you know, right. 452 00:19:19,040 --> 00:19:21,680 So it's like really intensive. So we try to do every year you 453 00:19:21,680 --> 00:19:24,040 know so in the meantime just use a product if you're the fun 454 00:19:24,040 --> 00:19:26,280 points go somewhere else. You know because we don't we 455 00:19:26,280 --> 00:19:30,240 don't do points you know we just try to we try we try to build 456 00:19:30,360 --> 00:19:32,960 good product right. And then and and we make sure 457 00:19:32,960 --> 00:19:35,960 that you are recognized every November you know that's how we 458 00:19:35,960 --> 00:19:36,720 cut. That's how we do it. 459 00:19:37,000 --> 00:19:37,800 You know. Yeah. 460 00:19:38,600 --> 00:19:40,840 And then lastly, I'm, I'm always on. 461 00:19:40,840 --> 00:19:43,120 Hit me up, fuck me, you know I'm always on I. 462 00:19:43,240 --> 00:19:45,680 Have to say like I think Jupiter's probably one of the 463 00:19:45,680 --> 00:19:49,280 best things of using crypto. I've I'm late to the it's been 464 00:19:49,360 --> 00:19:53,720 like an amazing experience and I've also never seen like it was 465 00:19:53,720 --> 00:19:55,720 such a big project with like so much thing where like the 466 00:19:55,960 --> 00:19:58,680 founder actually like replies to everyone on Twitter and takes 467 00:19:58,680 --> 00:20:01,280 the time to go onto shows and like engaged with us. 468 00:20:01,280 --> 00:20:03,280 So like, I just think that's. Like AI feel like. 469 00:20:03,280 --> 00:20:07,760 An amazing thing to see, I feel. Like, also also really great 470 00:20:07,760 --> 00:20:09,840 because like the first show I went on, there's someone meowed 471 00:20:10,000 --> 00:20:11,720 before me, you know, Like, that's always great. 472 00:20:12,960 --> 00:20:14,720 First time ever. That's the first time ever. 473 00:20:15,720 --> 00:20:17,520 Is it? Well normally I start the meow, 474 00:20:17,560 --> 00:20:20,520 but this guy is awesome, right? No. 475 00:20:20,520 --> 00:20:23,200 But but yeah, I I I do feel like I need to come on because I feel 476 00:20:23,200 --> 00:20:25,720 like I do to to your to to your point, right? 477 00:20:25,720 --> 00:20:30,720 That I feel like there are a lot of things I taught. 478 00:20:30,720 --> 00:20:34,280 I communicated very well across many channels. 479 00:20:34,760 --> 00:20:37,240 But it has young all those things that I talk about so much 480 00:20:37,400 --> 00:20:41,560 that I taught, everyone knew. And again, because dynamic is so 481 00:20:41,560 --> 00:20:42,920 different, it's not really a token sale. 482 00:20:42,920 --> 00:20:44,520 So it's hard to have to explain kind of things. 483 00:20:44,520 --> 00:20:47,120 And then so I spin, it's a backstop. 484 00:20:47,120 --> 00:20:49,960 So the way I spin, the way I spin it becomes like it's a, 485 00:20:50,280 --> 00:20:54,560 it's a backstop, it's a bootstrapping backstop do MLP 486 00:20:54,560 --> 00:20:58,240 pool that's owned by the team. Yeah. 487 00:20:58,520 --> 00:21:01,120 And I and I kind of forget that most people don't get that. 488 00:21:03,920 --> 00:21:06,880 OK guys I got to go but but, but but thank you so much for having 489 00:21:06,880 --> 00:21:08,960 me on. Any questions here I'd love to 490 00:21:09,000 --> 00:21:10,320 answer. I'd love to answer anything And 491 00:21:10,320 --> 00:21:12,160 this is a, this is a blast, right. 492 00:21:12,160 --> 00:21:13,160 You know. Yeah. 493 00:21:13,400 --> 00:21:17,200 I'll, I'll send I, I I love it. So thank, thank thank you guys. 494 00:21:17,200 --> 00:21:17,920 Thank you so much. Thank you. 495 00:21:18,040 --> 00:21:20,040 Yeah. Bye bye bye bye. 496 00:21:20,920 --> 00:21:25,320 Bye, bye, bye. Oh, oh, meow. 497 00:21:25,320 --> 00:21:28,520 God, that was. That was quite the start for for 498 00:21:28,520 --> 00:21:30,400 today's show. We were not expecting that. 499 00:21:30,400 --> 00:21:33,600 It was not planned at all. So good. 500 00:21:34,000 --> 00:21:35,640 OV and Mando went back and forth. 501 00:21:35,680 --> 00:21:37,240 Hang tight. If you're listening here, we're 502 00:21:37,240 --> 00:21:39,720 still going to go for 30 minutes and we're giving away $1000 on 503 00:21:39,720 --> 00:21:41,560 the show. And tomorrow we have like 504 00:21:41,560 --> 00:21:44,040 $20,000 worth of giveaways going on. 505 00:21:44,040 --> 00:21:45,440 So hang tight here. Hang tight. 506 00:21:45,880 --> 00:21:48,080 Thanks for listening. I mean, OV Yeah, you. 507 00:21:48,360 --> 00:21:50,360 This pretty much happened because you were going on back 508 00:21:50,360 --> 00:21:52,320 and forth with him this morning. You know, you asked him a 509 00:21:52,320 --> 00:21:54,240 question. Instead of like lashing out, he 510 00:21:54,240 --> 00:21:57,640 followed you and then, you know, you guys went back and forth. 511 00:21:58,320 --> 00:22:00,240 What do you make of it now? Like what's? 512 00:22:00,240 --> 00:22:02,200 Your take? I think I had, I think I had 513 00:22:02,200 --> 00:22:06,040 like fair concerns that I raised and he could have just ignored 514 00:22:06,040 --> 00:22:08,840 me, but he didn't. He replied to me and he came on 515 00:22:08,840 --> 00:22:11,800 our show and addressed them. And I think you know just to 516 00:22:11,800 --> 00:22:13,960 summarize for anyone who didn't get it, I I think my concern was 517 00:22:13,960 --> 00:22:17,720 like this seemed like a vehicle for them to raise capital where 518 00:22:17,720 --> 00:22:20,000 they hadn't like communicated that was the intention. 519 00:22:20,000 --> 00:22:22,200 And I think that was the bit that I had a bit of an issue 520 00:22:22,200 --> 00:22:23,960 with. Because for example like you 521 00:22:23,960 --> 00:22:26,120 know if you didn't read everything and you were buying 522 00:22:26,120 --> 00:22:29,360 tokens at 70 or $0.80 and then you found out the next day like 523 00:22:29,400 --> 00:22:31,760 they had, they were the ones selling you tokens and you 524 00:22:31,760 --> 00:22:34,000 didn't know that's what you were where you were buying them from. 525 00:22:34,000 --> 00:22:35,600 Like there's like a bit of an issue in that. 526 00:22:35,600 --> 00:22:38,040 But you know, that's, you know, from what he said. 527 00:22:38,040 --> 00:22:41,080 It's not exactly what this is. It's like it's a liquidity pool. 528 00:22:41,080 --> 00:22:42,800 They've. I just have the liquidity pool, 529 00:22:42,800 --> 00:22:45,000 yeah. That is that is dynamic where 530 00:22:45,000 --> 00:22:47,240 the end outcome could be that they end up selling a lot 531 00:22:47,240 --> 00:22:52,040 tokens. And I think he was under the 532 00:22:52,040 --> 00:22:53,920 impression that he had kind of made it clear that they wanted 533 00:22:53,920 --> 00:22:56,640 to like raise funds in previous communications, but that didn't 534 00:22:56,640 --> 00:23:00,680 come across as clear here and you know maybe got a bit, got a 535 00:23:00,680 --> 00:23:03,440 bit misconstrued. But yeah, like I think I feel 536 00:23:03,440 --> 00:23:07,640 like he cleared it up pretty well and I think what they've 537 00:23:07,680 --> 00:23:09,400 created here is smart. He has, he has a fairpoint. 538 00:23:09,400 --> 00:23:13,000 He has a fairpoint in that this, you know, there's $700 million 539 00:23:13,000 --> 00:23:16,760 AirDrop where on Solana where you know a lot of people are 540 00:23:16,760 --> 00:23:19,360 getting rich for the first time and where people will probably 541 00:23:19,360 --> 00:23:21,240 want to sell them dump. And he's created something which 542 00:23:21,360 --> 00:23:24,320 is able to absorb that and potentially even, you know, end 543 00:23:24,320 --> 00:23:27,040 up with there being like a net demand for tokens. 544 00:23:27,040 --> 00:23:31,280 And I think that's, I think that's pretty smart to be honest 545 00:23:31,280 --> 00:23:32,440 with you. Maybe that's maybe that part of 546 00:23:32,440 --> 00:23:35,480 it is not getting enough credit. I didn't bring it up with him 547 00:23:35,480 --> 00:23:38,920 but to be clear 24 hours ago for a gasp is this exact question he 548 00:23:38,920 --> 00:23:41,040 asked me. I'll remember the the question 549 00:23:41,040 --> 00:23:44,120 was asked all the the the tokens in the initial pool might 550 00:23:44,120 --> 00:23:47,120 already be bought. And I said, oh, I think there 551 00:23:47,120 --> 00:23:49,080 was a liquidity pool set up by the team. 552 00:23:49,440 --> 00:23:51,720 I'm not sure if how, how involved they were in it. 553 00:23:51,720 --> 00:23:54,120 I think there may be a like there may be a regulation issue 554 00:23:54,120 --> 00:23:56,000 if they are involved and we like spoke about it. 555 00:23:56,880 --> 00:23:59,920 It's not like we knew what I I had a rough idea of what was 556 00:23:59,920 --> 00:24:02,040 going on but no one else, like knew what. 557 00:24:02,040 --> 00:24:03,800 Like we're trying to act as though people should read the 558 00:24:03,800 --> 00:24:06,640 docs, but no one really. We didn't even read the docs. 559 00:24:06,640 --> 00:24:09,120 I mean I had a rough idea that I knew the team was doing that. 560 00:24:10,960 --> 00:24:11,480 I guess what? Yeah. 561 00:24:11,480 --> 00:24:13,880 I guess what I'm trying to say is they clearly some people did 562 00:24:13,880 --> 00:24:16,360 know and they did put it out. I kind of feel like it's it's as 563 00:24:16,360 --> 00:24:20,280 much on people involved in the market as it is on him. 564 00:24:20,280 --> 00:24:22,680 He's put out docs. He said what it was people, 565 00:24:22,800 --> 00:24:25,040 enough people who were actually reading what was going on, knew 566 00:24:25,040 --> 00:24:28,640 roughly what was going on. And then it's come out fired 12 567 00:24:28,640 --> 00:24:32,640 hours later because actually MFS can't read in crypto. 568 00:24:32,640 --> 00:24:35,640 So and I think that's on all of us, we can't just say, oh, 569 00:24:35,640 --> 00:24:37,520 people should have read. It's like we didn't even read. 570 00:24:37,520 --> 00:24:39,320 I had a rough concept of what it was. 571 00:24:40,840 --> 00:24:43,320 I think, I think there is. I think the point is that even 572 00:24:43,320 --> 00:24:46,720 if you read it, you may have not understood like if there was an 573 00:24:46,720 --> 00:24:48,040 intention to raise capital behind it. 574 00:24:48,040 --> 00:24:51,200 I think that's the point. And so like you know if they're 575 00:24:51,200 --> 00:24:53,320 like we want to raise capital, most people would be like cool, 576 00:24:53,320 --> 00:24:55,720 We're doing a public token launch, we're trying to raise X, 577 00:24:55,720 --> 00:24:58,400 $1,000,000. Here are the terms you can come 578 00:24:58,400 --> 00:25:01,320 and invest, whereas this is kind of like, oh, we kind of like 579 00:25:01,320 --> 00:25:04,840 trying to raise funds through this like thing where some 580 00:25:04,840 --> 00:25:07,160 people may not know that's what they're buying, where they're 581 00:25:07,160 --> 00:25:08,720 buying the tokens from, if that makes sense. 582 00:25:09,960 --> 00:25:11,520 Where would the? Tokens come from anyway if they 583 00:25:11,640 --> 00:25:14,320 they if they were saying the LP then it has to come from the 584 00:25:14,360 --> 00:25:16,160 team. Yeah, exactly. 585 00:25:16,160 --> 00:25:21,200 But you but you when you're selling like that large an 586 00:25:21,200 --> 00:25:24,280 amount into it and then that's what and you have like a a fixed 587 00:25:24,280 --> 00:25:26,160 period LP which is just seven days rather than like a 588 00:25:26,160 --> 00:25:29,200 liquidity lot forever LP can it can be perceived as something 589 00:25:29,200 --> 00:25:31,360 different. So I agree what what teams non 590 00:25:31,360 --> 00:25:36,200 standard here for that LP is it's seven days and so that's 591 00:25:36,200 --> 00:25:39,080 non standard at the same time like the the tokens if he if the 592 00:25:39,080 --> 00:25:41,160 team is going to be involved in setting up the LP the tokens 593 00:25:41,160 --> 00:25:43,720 have to come from somewhere. So I agree like it. 594 00:25:44,320 --> 00:25:46,920 It may involve them selling it. And then did I read on the back 595 00:25:46,920 --> 00:25:49,160 end that like most of this is getting donated to the Dow like 596 00:25:49,160 --> 00:25:51,120 only like 25% of anything that gets sold. 597 00:25:51,120 --> 00:25:53,840 It's even going to the team. Like when I read that I was like 598 00:25:54,040 --> 00:25:57,080 this kind of feels like fad. Like I when I compare this to 599 00:25:57,080 --> 00:25:59,040 how other and I didn't get into that with him. 600 00:25:59,040 --> 00:26:02,840 But like if I was to if we were to actually show people because 601 00:26:02,840 --> 00:26:05,280 clearly MF is aren't reading any of these token launches. 602 00:26:05,440 --> 00:26:09,920 How bad some of these are in favour of investors or the team 603 00:26:10,120 --> 00:26:12,880 maybe not the team but particularly VCs and investors. 604 00:26:12,880 --> 00:26:16,200 For like half the other tokens out there you'd be shocked. 605 00:26:16,360 --> 00:26:19,560 Like you'd be fucking shocked. Like look at look at, even in 606 00:26:19,560 --> 00:26:22,160 even in fucking in NFT space Ape. 607 00:26:22,160 --> 00:26:23,960 What do you think's been happening in Ape Blur? 608 00:26:23,960 --> 00:26:25,240 What do you think's been happening in blur? 609 00:26:25,240 --> 00:26:27,240 Like, what do you think something happening looks rare? 610 00:26:27,240 --> 00:26:30,560 Like these were fucking way, way worse than this. 611 00:26:30,720 --> 00:26:34,680 Like just so so, so. Worse, at least it's above board 612 00:26:34,680 --> 00:26:37,600 like. How is this not above board? 613 00:26:38,040 --> 00:26:39,680 Just to be clear, he gave you the docs. 614 00:26:40,000 --> 00:26:41,920 This just seems like a bunch of VCs have been like. 615 00:26:42,760 --> 00:26:48,080 Flawed because he didn't do a bold the type font 80 size with 616 00:26:48,320 --> 00:26:54,000 red and emojis saying we will be selling some tokens if it hits a 617 00:26:54,000 --> 00:26:57,040 certain price and we won't be selling it if it doesn't hit 618 00:26:57,040 --> 00:26:59,160 that price. I get Gary Gensler might take a 619 00:26:59,160 --> 00:27:01,640 different view of it, but morally I view the other token 620 00:27:01,640 --> 00:27:05,000 cells as way, way, way, way worse than what Meows has done. 621 00:27:05,200 --> 00:27:07,880 I think this morning they were comparing to ICP and saying how 622 00:27:07,880 --> 00:27:12,760 ICP was like, like clearly, clearly like they like they had 623 00:27:12,760 --> 00:27:15,440 different intentions and they were comparing to Icos in 2017, 624 00:27:15,440 --> 00:27:17,560 which is why a lot of the people have been comparing this to. 625 00:27:17,760 --> 00:27:19,720 It's completely different. But Oh yeah, what were we going? 626 00:27:20,560 --> 00:27:22,040 To say no. Yeah. 627 00:27:22,040 --> 00:27:23,920 Like I think I've yes. There's been like plenty of 628 00:27:23,920 --> 00:27:25,960 worse of the things. I think because the scale of 629 00:27:25,960 --> 00:27:27,560 this one was so big. There's obviously a lot of eyes 630 00:27:27,560 --> 00:27:29,600 on it. You know like some massive air 631 00:27:29,600 --> 00:27:32,600 drops coming out massive FTV. It's one of the most is the most 632 00:27:32,880 --> 00:27:35,120 probably going to be the most anticipated air drop like this 633 00:27:35,120 --> 00:27:38,280 year I think and I'm not sure what the other stuff maybe like 634 00:27:38,280 --> 00:27:41,080 maybe blast or something. But yeah, there's a lot of eyes 635 00:27:41,080 --> 00:27:44,680 on it and you know, I can see why people are upset. 636 00:27:46,080 --> 00:27:49,320 It's also part partially on them to, you know, read the docs and 637 00:27:49,320 --> 00:27:50,960 understand them before just aping stuff. 638 00:27:50,960 --> 00:27:54,720 But you know, I think he just, I think he to be honest with you, 639 00:27:54,720 --> 00:27:56,600 I think he cleared everything up and when he came on here they 640 00:27:56,840 --> 00:27:58,160 cleared everything up on Twitter as well, so. 641 00:27:58,800 --> 00:28:02,520 I guess that I guess that kind of like we don't even need to 642 00:28:02,520 --> 00:28:05,080 cover the Jupiter thing anymore because we kind of just did. 643 00:28:06,720 --> 00:28:09,000 We got it. We heard from the man himself, 644 00:28:09,480 --> 00:28:12,680 who, by the way, like this guy is crazy. 645 00:28:13,680 --> 00:28:16,200 Yeah, dude, I was like, is this this the right guy? 646 00:28:16,320 --> 00:28:18,800 Well, I when he first came up, I was like, I've got the troll 647 00:28:18,800 --> 00:28:21,920 account of of this guy. And I saw him there. 648 00:28:21,920 --> 00:28:25,120 And Sims, like, yo, he's in here and he's just meowing during our 649 00:28:25,120 --> 00:28:26,600 intro. And I was like, what is going 650 00:28:26,600 --> 00:28:28,640 on? That was like the most unhinged 651 00:28:28,640 --> 00:28:30,440 intro in the history of film Hour, I think. 652 00:28:30,960 --> 00:28:33,640 And I really like it. Like, I really like it. 653 00:28:36,080 --> 00:28:38,000 Talk dude. I don't know dude, it's OK. 654 00:28:38,000 --> 00:28:41,440 Anyways, how do I reset this? Do you guys think we've covered 655 00:28:41,440 --> 00:28:43,720 droop enough or is that a good post mortem enough like? 656 00:28:43,720 --> 00:28:46,240 Would you give us some context I guess like it's been we went 657 00:28:46,240 --> 00:28:50,040 straight into it like what's been going on well, should we 658 00:28:50,040 --> 00:28:52,280 do, should we go with what's going on in the market or like 659 00:28:52,280 --> 00:28:53,880 should we do broad or just? Let's see your market. 660 00:28:53,880 --> 00:28:55,640 Let's see your market. Yeah, so, so. 661 00:28:56,360 --> 00:28:58,040 Why don't you give us the market report man, though? 662 00:28:59,800 --> 00:29:02,680 So obviously we were all talking about Jupiter air drop. 663 00:29:02,680 --> 00:29:05,640 Yeah. Jupiter at the first instance, 664 00:29:05,640 --> 00:29:08,360 as we spoke about yesterday opened up like a 20 billion FTV. 665 00:29:08,360 --> 00:29:11,360 It quickly settled between 6 to 7 billion. 666 00:29:12,320 --> 00:29:17,440 There's been some controversy because normally when a you 667 00:29:17,600 --> 00:29:22,760 bring a token, it's with alongside BCS who often set up 668 00:29:22,760 --> 00:29:25,640 liquidity pools for you, or it's alongside investors to set up 669 00:29:25,640 --> 00:29:28,880 liquidity pools for you, or it's alongside exchanges that help 670 00:29:29,120 --> 00:29:32,840 launch the token. The way that Jupiter did it was 671 00:29:32,840 --> 00:29:37,440 by themselves, So they they then got themselves involved in 672 00:29:37,440 --> 00:29:39,840 creating the liquidity pool. Was the liquidity pool. 673 00:29:39,840 --> 00:29:42,800 You'll see it on Unisop, you'll see it on hopefully Jupiter at 674 00:29:42,800 --> 00:29:44,680 some stage. It's like it allows people to 675 00:29:44,680 --> 00:29:49,720 trade on that token between a specific range because they got 676 00:29:49,720 --> 00:29:51,800 involved in setting up the liquidity for that. 677 00:29:52,880 --> 00:29:55,880 They had to use their own tokens from the team to to do that. 678 00:29:56,040 --> 00:29:59,840 And it turned out that it looks like they sold a bunch of the 679 00:29:59,840 --> 00:30:02,560 tokens just by the nature of how that liquidity pool was set up. 680 00:30:03,880 --> 00:30:07,960 That was when I woke up to a ton of fart about it and Jupiter 681 00:30:07,960 --> 00:30:10,480 went down, as we've just spoken about. 682 00:30:10,480 --> 00:30:14,240 Now that seems like for me, morally, I think it's fine. 683 00:30:14,520 --> 00:30:18,120 I I know like it does bring up some securities questions. 684 00:30:18,120 --> 00:30:21,640 They're based out of Singapore which you know has its own 685 00:30:21,640 --> 00:30:24,320 securities regulations. Singapore is one of the global 686 00:30:24,320 --> 00:30:26,440 financial hubs of the world. It's not like they've they've 687 00:30:26,440 --> 00:30:29,960 issued this out of some you know Banana Republic like this is a 688 00:30:29,960 --> 00:30:36,480 proper, this is a proper country So they must have got some sort 689 00:30:36,480 --> 00:30:40,560 of legal legal view on it. So let's let's let them have let 690 00:30:40,560 --> 00:30:42,880 them have that. But for the I personally think 691 00:30:42,880 --> 00:30:45,400 like I said I think a bunch of VCs have launched tokens way, 692 00:30:45,400 --> 00:30:49,160 way, way, way, way, way worse. Anyway, the rest of the market 693 00:30:49,160 --> 00:30:53,760 we we were doing OK up until the Fed really like so the Fed 694 00:30:53,760 --> 00:30:57,720 yesterday came out, they said no rate cut in March, but they will 695 00:30:57,720 --> 00:31:00,520 be doing rate cuts. So weirdly you saw bond yields 696 00:31:00,520 --> 00:31:03,840 come down as in people are expecting people to cut rates at 697 00:31:03,840 --> 00:31:06,640 least on the long end. But the fact that they're not 698 00:31:06,640 --> 00:31:09,880 going to cut rates in March, although it was only about 2025% 699 00:31:10,000 --> 00:31:14,280 probability going into this into this FOMC really spooked the 700 00:31:14,280 --> 00:31:16,320 markets. You saw tech stocks dive around 701 00:31:16,320 --> 00:31:18,760 2:00 and 2:00 to 3%. You have a bunch of tech 702 00:31:18,760 --> 00:31:20,120 earnings tonight. So there's a little bit of 703 00:31:21,200 --> 00:31:25,120 little bit of let's say sensitivity around that and 704 00:31:25,120 --> 00:31:27,360 crypto really took a took a bath overnight. 705 00:31:27,360 --> 00:31:31,720 So you saw Bitcoin. I think it went all the way down 706 00:31:31,720 --> 00:31:36,760 to like 42 K yeah. Last night ETH I think went down 707 00:31:36,760 --> 00:31:40,040 to like 2250 and Solana I think think hit 93. 708 00:31:40,040 --> 00:31:44,560 So it was a big move down. That was about 10% swing in 709 00:31:44,560 --> 00:31:48,280 Solana over the course of that day and it's now kind of bounced 710 00:31:48,280 --> 00:31:50,480 to the middle of that range. So we're back up to like 42 and 711 00:31:50,480 --> 00:31:57,280 a half 23196 across the board. So it was it felt like more of a 712 00:31:57,280 --> 00:32:02,040 macro sell off, don't go overly bearish on this. the Fed 713 00:32:02,040 --> 00:32:04,760 literally said we may not raise rates in we're not going to 714 00:32:04,760 --> 00:32:06,760 raise, they're not going to cut rates in March. 715 00:32:06,960 --> 00:32:09,760 We're probably going to do it in May and maybe even quicker than 716 00:32:09,760 --> 00:32:11,720 expected. So you actually saw the bond 717 00:32:11,720 --> 00:32:14,680 market rally on the back of that they were like oh rates going to 718 00:32:14,680 --> 00:32:17,000 come down. So this isn't like throwing, 719 00:32:17,960 --> 00:32:20,440 throwing a massive tantrum I'm I was kind of surprised at the 720 00:32:20,440 --> 00:32:21,640 market reaction. I think that tells you more 721 00:32:21,640 --> 00:32:24,080 about positioning more than anything because this is really 722 00:32:24,080 --> 00:32:25,960 isn't that big a deal in my eyes. 723 00:32:27,560 --> 00:32:28,840 So yeah, big, big earnings tonight. 724 00:32:28,840 --> 00:32:32,840 So there's some, there's some sensitivity around that stuff. 725 00:32:33,600 --> 00:32:37,960 Tomorrow, right Friday morning. Friday morning is is is the 726 00:32:38,000 --> 00:32:41,400 NFPS, it's it's the it's the US employment figure. 727 00:32:42,560 --> 00:32:45,680 There's no doubt that the US is, is is cutting, is cutting rates 728 00:32:45,680 --> 00:32:48,600 in my in my opinion. But it still continues to have a 729 00:32:48,600 --> 00:32:52,040 very strong labour market which is everyone talking about soft 730 00:32:52,040 --> 00:32:55,080 landing. So, yeah, I'm not, I'm not 731 00:32:55,080 --> 00:32:56,640 worried about the US economy right now. 732 00:32:57,440 --> 00:33:01,080 I'm really, really, really not. And all this talk about the fact 733 00:33:01,080 --> 00:33:03,480 that there would be a regional banking crisis the the lower the 734 00:33:03,480 --> 00:33:06,600 yields go, the better. That is for all these banks like 735 00:33:06,600 --> 00:33:10,360 a bunch of these banks were were holding on to big unrealized 736 00:33:10,360 --> 00:33:12,080 losses in some of these long dated treasuries. 737 00:33:12,080 --> 00:33:15,040 So the lower those yields go, the more the prices go up And 738 00:33:15,040 --> 00:33:19,600 and that means that they they'll start to help with some of those 739 00:33:19,600 --> 00:33:21,280 unrealized losses. All the stuff that Arthur Hayes 740 00:33:21,280 --> 00:33:23,800 was talking about that you know all these banks are going to go 741 00:33:23,800 --> 00:33:27,040 down there was there's still been some wobbles in the in the 742 00:33:27,200 --> 00:33:29,960 commercial real estate market. But like it's not, it doesn't 743 00:33:29,960 --> 00:33:35,440 feel like it's going to be like a endemic situation across the 744 00:33:35,480 --> 00:33:40,240 the US banking system. And yeah I don't really know in 745 00:33:40,240 --> 00:33:42,600 terms of like individual individual coins everything just 746 00:33:42,600 --> 00:33:48,280 kind of took a smash down like I think people were surprised that 747 00:33:48,280 --> 00:33:50,680 some of the moves in some of the the old coins but it's it's not 748 00:33:50,680 --> 00:33:54,200 been that horrific I sort of eight coins hard today there's 749 00:33:54,200 --> 00:33:58,160 some there's some applications for the eight coin chain today 750 00:33:58,160 --> 00:34:00,880 like all the different thing you can go vote if you have 8:00 751 00:34:00,880 --> 00:34:04,520 today that's the only real coin and and chain link as well is is 752 00:34:04,560 --> 00:34:07,840 is hard today those are the two everything else is probably down 753 00:34:07,840 --> 00:34:12,440 about 3 three to 10% and and like risk taking appetite seems 754 00:34:12,440 --> 00:34:17,239 kind of stable like the the funding's all pretty neutral and 755 00:34:17,239 --> 00:34:21,040 the spot the spot premium's basically nothing on on Bitcoin. 756 00:34:21,040 --> 00:34:25,040 So yeah, it just feels, I can't imagine us dumping massively 757 00:34:25,040 --> 00:34:28,520 here and I can't imagine us. Yeah, it just doesn't feel like 758 00:34:28,520 --> 00:34:33,080 that looking, looking at stuff. All right, Obi, how you feeling 759 00:34:33,080 --> 00:34:34,600 about the market? Good. 760 00:34:34,600 --> 00:34:35,320 Bad. You. 761 00:34:35,440 --> 00:34:37,840 By the way, I've never heard Obi talk so much on a show. 762 00:34:37,840 --> 00:34:39,920 That was crazy. He led a whole interview. 763 00:34:39,920 --> 00:34:41,719 Mando. I kind of. 764 00:34:41,800 --> 00:34:45,120 I kind of had to denounce the I was the one that sent in the 765 00:34:45,320 --> 00:34:47,040 messages you were. Brilliant. 766 00:34:47,199 --> 00:34:48,520 You were brilliant. It was great. 767 00:34:48,560 --> 00:34:49,520 You can't tweet. You can't. 768 00:34:49,920 --> 00:34:52,480 You can't tweet stuff and then not show up when when you're 769 00:34:52,480 --> 00:34:53,480 when you're on video. I. 770 00:34:54,239 --> 00:34:54,840 Always. Pulled up. 771 00:34:55,199 --> 00:34:56,120 On you. He's like, yeah, you know what? 772 00:34:56,120 --> 00:34:58,120 Let me show up on this guy. I didn't think. 773 00:34:58,120 --> 00:34:59,480 I didn't think you'd come. I just. 774 00:34:59,480 --> 00:35:02,040 I just damned him and he was on the fucking space. 775 00:35:02,040 --> 00:35:03,800 I was like. Oh, it's glorious. 776 00:35:04,080 --> 00:35:06,040 That was glorious. But how do you feel about the 777 00:35:06,080 --> 00:35:08,480 the market in general here ahead of a of a new month? 778 00:35:09,200 --> 00:35:14,640 I think yesterday was kind of confusing to me because I 779 00:35:14,640 --> 00:35:17,320 personally wasn't expecting rate cuts in March, but it seems like 780 00:35:17,320 --> 00:35:20,360 the market was. And then when the Fed said they 781 00:35:20,680 --> 00:35:22,800 it was unlikely the market sold off and I was like, that's kind 782 00:35:22,800 --> 00:35:23,960 of weird. I didn't realize people were 783 00:35:23,960 --> 00:35:24,920 expecting. That it weren't. 784 00:35:24,920 --> 00:35:27,440 It was low percentage. It was like 20% probability 785 00:35:27,440 --> 00:35:30,600 going into going into that Fed. I think, yeah, I think it was. 786 00:35:30,680 --> 00:35:34,240 I read it this morning. It was maybe higher, but yeah, 787 00:35:34,240 --> 00:35:35,800 it was. It was still kind of weird. 788 00:35:35,800 --> 00:35:39,480 And then then interest rates had a massive rally, like 10 years 789 00:35:39,480 --> 00:35:43,240 at 3 point. Fucking hell, 10 years at 3.82%. 790 00:35:43,240 --> 00:35:45,720 Now that's exactly right. Like this is not ten bit slower 791 00:35:45,720 --> 00:35:47,320 today. You would assume that was a 792 00:35:47,320 --> 00:35:48,920 really dovish Fed, looking at that. 793 00:35:49,240 --> 00:35:51,560 Yeah, apparently I asked a few people I used to work with. 794 00:35:51,560 --> 00:35:54,480 Apparently it's due to like month end buying, but it seems 795 00:35:54,480 --> 00:35:56,680 like there's a quip. It's like a we're talking about 796 00:35:56,800 --> 00:36:00,200 like a 25 basis point move now in a couple of days, which is 797 00:36:00,200 --> 00:36:02,960 pretty mental. So yes, it's kind of, it's a bit 798 00:36:02,960 --> 00:36:05,480 of a weird one and then I think like for the first time in a 799 00:36:05,480 --> 00:36:09,520 while crypto like sold off in line with the stocks which we 800 00:36:09,520 --> 00:36:11,160 haven't seen for a long time in a while like that, that 801 00:36:11,160 --> 00:36:14,680 correlation. So and actually the crypto stuff 802 00:36:14,680 --> 00:36:18,120 like yesterday GBTC, the GBTC outflow was the lowest we've 803 00:36:18,120 --> 00:36:21,400 seen since the first day of ETS launching. 804 00:36:21,400 --> 00:36:24,360 So I was kind of like surprised we sold off yesterday and I I 805 00:36:24,480 --> 00:36:30,160 I'm feeling like I know Bitcoin was only at 38 K, 39 KA few days 806 00:36:30,160 --> 00:36:31,680 ago. But I'm kind of feeling like 807 00:36:31,680 --> 00:36:34,120 that this dip will be a good one to buy because I just don't 808 00:36:34,120 --> 00:36:37,440 think there was any real news flow that was that negative in 809 00:36:37,440 --> 00:36:41,560 my opinion. And funding is still very low 810 00:36:42,040 --> 00:36:45,520 and there's there's there's not much leverage in the system and 811 00:36:45,520 --> 00:36:47,640 I personally think we'll just see crypto bounce from here a 812 00:36:47,640 --> 00:36:48,840 little bit. I think this is just going to be 813 00:36:48,840 --> 00:36:51,560 another dip and it'll be great if it does because we'll start 814 00:36:51,560 --> 00:36:55,800 to see that pattern of like higher lows again and we can 815 00:36:55,800 --> 00:36:58,200 maybe kick on from here. But yeah, I just wasn't that 816 00:36:58,600 --> 00:37:00,920 fair enough about macro compared to like how the market reacted 817 00:37:00,920 --> 00:37:02,080 yesterday. I was a bit confused. 818 00:37:02,680 --> 00:37:04,200 I don't think it was a macro bearish. 819 00:37:04,200 --> 00:37:07,440 I think it was more like money moved into rates from stocks 820 00:37:07,520 --> 00:37:10,320 potentially. I remember like it was like some 821 00:37:11,840 --> 00:37:14,960 bond, bond prices went up, stock prices went down, people just 822 00:37:15,080 --> 00:37:17,840 probably moved into stocks because the Fed, if you actually 823 00:37:17,840 --> 00:37:19,680 listen to it, although the Fed said, yeah, we're not going to 824 00:37:20,160 --> 00:37:23,040 raise, we're not going to cut rates in March, they were pretty 825 00:37:23,040 --> 00:37:24,680 dovish. I thought they're out, 826 00:37:25,840 --> 00:37:30,680 particularly on the guidance, like it definitely was taking 827 00:37:30,680 --> 00:37:33,880 into account that like inflation was coming down and is coming 828 00:37:33,880 --> 00:37:39,600 down rapidly. So, yeah, I I wouldn't, I would 829 00:37:39,600 --> 00:37:41,840 like compared to some of the feds that we've had in the past, 830 00:37:41,840 --> 00:37:44,840 like the ones that we were having 12 months ago, 18 months 831 00:37:44,840 --> 00:37:48,160 ago, where he was just like the most hawkish I've ever heard of 832 00:37:48,160 --> 00:37:51,120 Fed president. He was, he was pretty relaxed. 833 00:37:51,120 --> 00:37:53,400 It felt like to me. Yeah. 834 00:37:53,400 --> 00:37:55,560 So I yeah, kind of bullish. I mean we have payrolls 835 00:37:55,560 --> 00:37:58,360 tomorrow, we have, we have PMI today as well. 836 00:37:58,360 --> 00:38:00,160 That's probably coming out, I don't know, but. 837 00:38:01,720 --> 00:38:06,040 So up or down a lot of people listen to the show right now and 838 00:38:06,040 --> 00:38:08,200 and you guys are really smart and you explain things very well 839 00:38:08,200 --> 00:38:12,480 by the way to people like myself who are very left curvish up or 840 00:38:12,480 --> 00:38:15,440 down in Feb. I just I just it's difficult on 841 00:38:15,440 --> 00:38:17,640 a day like today because we're a bit we're both saying we're a 842 00:38:17,640 --> 00:38:20,640 bit confused by the price action or you take if you take a step 843 00:38:20,640 --> 00:38:24,360 back what we're saying here now is the Fed is now going to go 844 00:38:24,360 --> 00:38:27,680 for probably for the next 18 months on a period of cutting 845 00:38:27,680 --> 00:38:29,640 rates. Whether they started it in March 846 00:38:29,640 --> 00:38:31,400 or they started in May is not important. 847 00:38:31,600 --> 00:38:35,640 We are now going to see here is the Feds start to in my eyes 848 00:38:36,000 --> 00:38:39,280 rapidly cut rates they might be slightly higher for longer. 849 00:38:39,280 --> 00:38:41,160 They they keep on saying they'll be a bit more cautious but 850 00:38:41,160 --> 00:38:42,560 they're definitely going to be cutting rates. 851 00:38:43,240 --> 00:38:46,440 And this is in a world where China as well is pumping 852 00:38:46,640 --> 00:38:48,240 unbelievable amounts of liquidity. 853 00:38:48,240 --> 00:38:50,280 As we spoke, as we've spoken about for the last couple couple 854 00:38:50,280 --> 00:38:56,240 of days, it's the same in Japan today, the ECECB inflation, the 855 00:38:56,880 --> 00:39:01,040 inflation came down again. The Bank of England, maybe even 856 00:39:01,160 --> 00:39:03,960 there was one of the governors of the Bank of England came in 857 00:39:03,960 --> 00:39:07,880 and said oh, what you call that vice governors or something said 858 00:39:08,200 --> 00:39:09,520 said that they wanted to cut rates. 859 00:39:09,520 --> 00:39:11,440 Like this is a world where the central banks are now going to 860 00:39:11,440 --> 00:39:13,480 move from raising rates to cutting rates. 861 00:39:13,840 --> 00:39:16,360 So I don't think the Fed is going to be the thing getting in 862 00:39:16,360 --> 00:39:18,080 the way of markets essentially from now on. 863 00:39:18,160 --> 00:39:23,760 It's really going to be growth and I don't know maybe some 864 00:39:23,760 --> 00:39:28,080 geopolitical risks like if something flares up in in in the 865 00:39:28,080 --> 00:39:30,760 Middle Eastern area or in China, Taiwan or something like that, 866 00:39:30,760 --> 00:39:34,000 but the Fed is not, doesn't feel like it's going to be getting in 867 00:39:34,000 --> 00:39:35,400 the way of the markets from now on. 868 00:39:35,760 --> 00:39:38,000 OK. Well that is really good to 869 00:39:38,000 --> 00:39:39,320 know. So some good information. 870 00:39:39,320 --> 00:39:45,520 Thank you for thank you for you know clarifying in that front 871 00:39:45,600 --> 00:39:47,240 And then you know I know we have guests coming up. 872 00:39:47,240 --> 00:39:49,480 I see Tetra in the in the studio already. 873 00:39:49,720 --> 00:39:51,840 Just quickly a reminder I've pinned to the top at the bottom 874 00:39:51,840 --> 00:39:53,280 right. If you go to the purple box, 875 00:39:53,280 --> 00:39:54,880 that's what I could talk about at the beginning because it's 876 00:39:54,880 --> 00:39:56,920 just a crazy start every single show. 877 00:39:56,920 --> 00:40:00,520 Lately we've been giving away $1000 thanks to Robeit which is 878 00:40:00,520 --> 00:40:02,800 fire. So basically, bottom right 879 00:40:02,800 --> 00:40:04,960 purple box, I see there's already 100 something reposts. 880 00:40:05,120 --> 00:40:08,400 So you repost that. You follow FOMO Hour FOMOHOUR 881 00:40:08,400 --> 00:40:10,000 City Coast on the Twitter Spaces right now. 882 00:40:10,480 --> 00:40:14,080 And if you're live and only if you're actually present in the 883 00:40:14,080 --> 00:40:16,560 spaces at the end of the show we're going to bring you up and 884 00:40:16,560 --> 00:40:19,440 then get your wallet and send you $1000 if you have an 885 00:40:19,440 --> 00:40:22,040 account, which is super cool. Yesterday we distributed what is 886 00:40:22,040 --> 00:40:27,640 it Sims 6005 Six Ki forgot but we distributed the first six 887 00:40:27,640 --> 00:40:30,000 winners I believe. So it was $6000 that we've given 888 00:40:30,000 --> 00:40:33,760 away already and six different shows and we have up to 15,000 889 00:40:33,760 --> 00:40:35,360 to give away. So we have another like 9 shows 890 00:40:35,360 --> 00:40:41,400 to go and then we were we're we're given $10,000 for loot box 891 00:40:41,400 --> 00:40:44,800 spends for two shows a week. So tomorrow we're just ripping 892 00:40:44,800 --> 00:40:47,440 $20,000 worth of loot boxes so four people will have the chance 893 00:40:47,440 --> 00:40:49,960 to win quite a lot of money on the show tomorrow if you're here 894 00:40:49,960 --> 00:40:51,360 live. Of course only if you're live. 895 00:40:51,360 --> 00:40:55,040 We're not giving away people money to anybody who who are 896 00:40:55,320 --> 00:40:57,240 who's not live on the show because our goal is to you know 897 00:40:57,240 --> 00:40:59,720 reward people actually listening to us which is really fun. 898 00:40:59,720 --> 00:41:02,880 So definitely shout out to to Razor Lucky and the folks who 899 00:41:02,880 --> 00:41:04,120 are there robots for making that happen. 900 00:41:04,120 --> 00:41:06,080 So make sure you follow us, make sure you follow that. 901 00:41:06,080 --> 00:41:08,800 Make sure you retweet the purple box. 902 00:41:09,680 --> 00:41:12,720 You know at the bottom right the Twitter spaces which is also now 903 00:41:12,720 --> 00:41:16,000 pinned at the top of this. Just quickly, quickly, quickly, 904 00:41:16,000 --> 00:41:21,040 quickly before I go to our guests here, boys on the NFT 905 00:41:21,040 --> 00:41:24,440 front, I know Sims has been kind of doing the round up on video, 906 00:41:24,440 --> 00:41:26,280 which by the way we're live on video every day. 907 00:41:26,520 --> 00:41:28,000 Just be on the spaces to win the money. 908 00:41:28,000 --> 00:41:30,320 But you can also watch us video we broadcast on the rug way to 909 00:41:30,320 --> 00:41:34,560 YouTube as channel as well as our own Twitter where we post 910 00:41:34,840 --> 00:41:38,080 every day on the NFT front. I mean, it looks like, honestly 911 00:41:38,080 --> 00:41:42,680 all the energy's kind of been like on Jupiter at the moment. 912 00:41:42,680 --> 00:41:44,400 Hold on, I can't load this for some reason. 913 00:41:44,400 --> 00:41:45,480 I don't know if it's my Internet. 914 00:41:47,600 --> 00:41:49,880 All the there it is. All the energy has been on 915 00:41:49,880 --> 00:41:54,640 Jupiter the last couple of days but you know there is the AOI 916 00:41:54,640 --> 00:41:58,160 first came on with a new token plan and apologizing to to the 917 00:41:58,160 --> 00:42:00,880 community after Ding a lane called him out two days ago. 918 00:42:00,880 --> 00:42:02,440 I know we called. We we talked about it, said he 919 00:42:02,440 --> 00:42:05,280 dumped his assets and then you know seems like they now have a 920 00:42:05,280 --> 00:42:07,440 token plan after he called about though. 921 00:42:07,440 --> 00:42:11,160 So I found the timing really good and interesting In other 922 00:42:11,160 --> 00:42:14,960 news, the Quantum Cats Mint. Ooty what the hell are you doing 923 00:42:14,960 --> 00:42:17,240 Ooty. Well it's pushed again just 924 00:42:17,240 --> 00:42:19,840 giving need some shit. But you know we should get him 925 00:42:19,840 --> 00:42:21,720 on the show the next week and just give him more shit if you 926 00:42:21,720 --> 00:42:24,080 guys want. But anyways Ooty, Ooty and the 927 00:42:24,080 --> 00:42:28,320 and the Quantum Cats have delayed the mints again so stay 928 00:42:28,320 --> 00:42:29,840 in touch. Stay tuned for For more 929 00:42:29,840 --> 00:42:32,600 information coming on that front and the rest of it. 930 00:42:32,600 --> 00:42:35,160 I don't know about you guys but it was doodles. 931 00:42:35,160 --> 00:42:41,960 I had some news coming up and also you know that's 655 E punk 932 00:42:41,960 --> 00:42:45,600 sale, which I don't think is a fat finger. 933 00:42:45,600 --> 00:42:49,360 I'm pretty sure it's a wash trade, but like was orchestrated 934 00:42:49,720 --> 00:42:54,000 very well in terms of making it seem like a fat finger. 935 00:42:54,160 --> 00:42:58,280 But basically the person bid it up like 6363 and a half 6464 936 00:42:58,280 --> 00:43:01,200 1/2, 65. Then instead of 65 1/2 bid it up 937 00:43:01,200 --> 00:43:05,800 655 eighth, which sold. If you're a wash trader or a 938 00:43:05,800 --> 00:43:09,920 bidder trying to, you know, put a 655 eighth bid on a punk. 939 00:43:10,320 --> 00:43:16,560 My punk is ID 6217 though it is supposed to be my forever punk 940 00:43:16,560 --> 00:43:18,640 for 600 ETH. It is totally yours. 941 00:43:19,480 --> 00:43:22,200 You know I can give it to you for 600 ETH instead of 65. 942 00:43:22,200 --> 00:43:26,840 So it'll 10% shave here, right? Hold on, I hate when the screen 943 00:43:28,040 --> 00:43:30,360 what do you what do you think, OV Would you do the same thing 944 00:43:30,360 --> 00:43:33,120 if there's an accidental bit of 600 ETH on your palm? 945 00:43:33,120 --> 00:43:34,640 Because it's something you'd be willing to take. 946 00:43:35,120 --> 00:43:38,920 I would accept the bid and then if someone DM me saying it was a 947 00:43:38,920 --> 00:43:40,600 mistake, I would give it back to them. 948 00:43:42,360 --> 00:43:45,040 What would you do out Mando if someone if this was a fat finger 949 00:43:45,040 --> 00:43:47,480 which we know it's not we we don't know we assume it's not. 950 00:43:47,480 --> 00:43:53,440 But if you say if someone bids accidentally on your NFT for 700 951 00:43:53,480 --> 00:43:57,280 ETH, OK, and you take the bid and the person like, oh it was 952 00:43:57,280 --> 00:43:59,280 me, what do you do? You return the money. 953 00:43:59,360 --> 00:44:03,280 We're from, we're from a world, I don't know like the world of 954 00:44:03,280 --> 00:44:07,280 trading financial markets like like tradify ones. 955 00:44:07,440 --> 00:44:09,040 There's like loads of etiquette around stuff. 956 00:44:09,520 --> 00:44:12,560 So like you learn. It's almost like like you learn 957 00:44:12,560 --> 00:44:13,760 etiquette. Like you'd learn etiquette a 958 00:44:13,760 --> 00:44:17,400 dining table or like being. So like there are these certain 959 00:44:17,400 --> 00:44:19,720 rules about doing stuff that like get drilled into you from 960 00:44:19,720 --> 00:44:21,040 the first day you're on the desk. 961 00:44:22,000 --> 00:44:27,160 So like to do that on a fat finger, it would just be unheard 962 00:44:27,160 --> 00:44:30,120 of. So it would be a big red flag in 963 00:44:30,120 --> 00:44:31,400 crypto. People just fucking do it all 964 00:44:31,400 --> 00:44:33,440 the time. But yeah, I guess from our 965 00:44:33,440 --> 00:44:35,720 trading background that just like in my head this is like big 966 00:44:35,720 --> 00:44:38,160 red warning sign. Like obviously you can't do any 967 00:44:38,160 --> 00:44:39,920 of any. Question though, would you 968 00:44:39,920 --> 00:44:41,840 return the money if it was your punk? 969 00:44:41,840 --> 00:44:45,280 I was that my Co hosts are really good guys. 970 00:44:46,400 --> 00:44:49,560 Don't ask me the question back. Anyways, I'm just kidding of 971 00:44:49,560 --> 00:44:50,920 course. Like if it's like someone like. 972 00:44:51,360 --> 00:44:51,920 Bullshit. You. 973 00:44:52,040 --> 00:44:53,040 You'd. Keep it, man. 974 00:44:53,040 --> 00:44:54,680 I could. You know. 975 00:44:54,680 --> 00:44:55,760 What? You know what? 976 00:44:55,760 --> 00:44:58,360 Like if it's actually someone like in our community, like it's 977 00:44:58,400 --> 00:45:00,480 out there, they're posting about it and you can prove that it's 978 00:45:00,480 --> 00:45:01,800 them. I feel like you have no choice 979 00:45:01,800 --> 00:45:04,560 but to, like, return. Yeah, karma like you're gonna 980 00:45:04,560 --> 00:45:05,920 get. Like, it's one of those issues. 981 00:45:06,080 --> 00:45:09,640 Yeah, it's tempting to keep the $1,000,000, but like, it's 982 00:45:09,680 --> 00:45:13,040 really bad karma and bad juju. Unless it's a hater, honestly. 983 00:45:13,040 --> 00:45:16,000 Like if I go to their page and I see that they were slandering me 984 00:45:16,000 --> 00:45:18,400 and like rock radio and like hating, like maybe like it would 985 00:45:18,400 --> 00:45:20,160 be payback. You know what I mean? 986 00:45:20,280 --> 00:45:24,000 Like damages, payment or maybe you send them like half back and 987 00:45:24,000 --> 00:45:25,800 like boy, there you go, the other half is because your Dick. 988 00:45:26,080 --> 00:45:28,360 But you know, you know we could like hypothesize on this all 989 00:45:28,360 --> 00:45:29,440 day. And last but not least, on the 990 00:45:29,440 --> 00:45:33,280 Bitcoin side, this RSIC thing, guys, it just keeps on going. 991 00:45:35,600 --> 00:45:37,280 Every day it's high. Every day. 992 00:45:37,520 --> 00:45:39,280 Every single day it's at the top of Digense. 993 00:45:39,320 --> 00:45:43,520 It's now up 20% since yesterday. Again, I still have my one that 994 00:45:43,520 --> 00:45:46,240 was air dropped for my puppets. Point O 75 Bitcoin. 995 00:45:46,240 --> 00:45:48,840 Now the node monkeys are up again. 996 00:45:48,840 --> 00:45:50,880 Another 12 points overnight to .18. 997 00:45:51,120 --> 00:45:53,320 Almost 19. Call it puppets are up. 998 00:45:53,320 --> 00:45:56,520 Bit maps up, Bitcoin frogs are up again. 999 00:45:56,800 --> 00:46:01,360 I have to say one of my favorite people to follow on that, that 1000 00:46:01,360 --> 00:46:03,560 one of my favorite followers like reply guys and Bitcoin is a 1001 00:46:03,560 --> 00:46:06,280 Bitcoin frog and it's really making me start making me want 1002 00:46:06,280 --> 00:46:08,560 to buy one just to like be a community member because there's 1003 00:46:08,560 --> 00:46:11,560 this guy called Vibe God that's like always replying on my shit, 1004 00:46:11,560 --> 00:46:14,920 like every single tweet almost. And it's like an inside joke at 1005 00:46:14,920 --> 00:46:17,160 this stage. And he's just so cool and I 1006 00:46:17,160 --> 00:46:20,440 just, he makes me want to like just buy one, just to say I'm 1007 00:46:20,440 --> 00:46:22,760 part of this like community because it's just a vibe. 1008 00:46:23,080 --> 00:46:25,280 But anyways, I just thought I had to give him a shout out here 1009 00:46:25,280 --> 00:46:27,800 because you know, big Bitcoin guy, he always responds that to 1010 00:46:27,800 --> 00:46:29,200 me. Like no matter what I tweet, 1011 00:46:29,200 --> 00:46:31,240 Like if I do something about Solana, go like big soul guy. 1012 00:46:31,480 --> 00:46:34,600 If I do my big big BTC guy, if I do something about like you 1013 00:46:34,600 --> 00:46:36,320 know, Jupiter, it's like big Jupiter guy. 1014 00:46:36,320 --> 00:46:40,240 It's just hilarious to me and and it just makes me smile every 1015 00:46:40,240 --> 00:46:42,360 time I see it. So lots of stuff happening on 1016 00:46:42,360 --> 00:46:45,560 the FT side. And Speaking of NFTS Tetra 1017 00:46:46,400 --> 00:46:49,800 Tetra, first and foremost, First and foremost, thank you for the 1018 00:46:49,800 --> 00:46:56,000 package. I have to say yesterday, you 1019 00:46:56,000 --> 00:46:58,480 know, my boy Tetra hooked me up. You know, he's got, you know, he 1020 00:46:58,480 --> 00:47:01,200 sent me the goods, feels good. I got that OD. 1021 00:47:02,040 --> 00:47:07,080 You know, look, OD stuff expands into multiple, what do we say, 1022 00:47:08,600 --> 00:47:10,840 verticals. And one of them is cannabis, 1023 00:47:11,240 --> 00:47:12,760 right? You know, I got, I got, I got my 1024 00:47:12,760 --> 00:47:14,120 shipment yesterday. I feel good. 1025 00:47:14,120 --> 00:47:16,480 It's been a bit. I'm not going to lie, I missed 1026 00:47:16,480 --> 00:47:17,520 it. We don't get that good stuff 1027 00:47:17,520 --> 00:47:20,600 here in Quebec, you know, But Ontario definitely has a lot of 1028 00:47:20,600 --> 00:47:23,280 stat, I bet. Tetra, bro. 1029 00:47:23,320 --> 00:47:24,880 Good morning. How you doing fam? 1030 00:47:25,160 --> 00:47:26,120 What's up man? How you guys? 1031 00:47:27,200 --> 00:47:29,560 Doing Dude, we're vibing. It's a it's a crazy morning. 1032 00:47:30,680 --> 00:47:33,880 It's it's a fucking crazy morning all around. 1033 00:47:33,880 --> 00:47:35,080 I was watching. A bit of it. 1034 00:47:35,360 --> 00:47:37,240 I was watching a bit of it. How How'd you guys do with the 1035 00:47:37,240 --> 00:47:39,880 AirDrop? We did not get any of it. 1036 00:47:40,800 --> 00:47:44,840 Get any of it, how the allegations work because one of 1037 00:47:44,840 --> 00:47:47,840 my wallets said, well, the other one that I thought would do well 1038 00:47:47,840 --> 00:47:49,360 didn't get anything. It just said you have no 1039 00:47:49,360 --> 00:47:51,840 allocation. Because it depends when you did 1040 00:47:51,840 --> 00:47:55,120 well, like I've done 7 figure volume on Jupiter, but like at 1041 00:47:55,120 --> 00:47:58,840 the end of Q4, so you don't get this round. 1042 00:47:59,040 --> 00:48:02,720 And OV has a way more volume than me and it's similar, right? 1043 00:48:02,720 --> 00:48:05,760 Like you didn't get any aloe because your volume pros. 1044 00:48:06,080 --> 00:48:08,600 But with. But we're part of the second 1045 00:48:08,600 --> 00:48:10,720 season or something like that, right, because of that volume or 1046 00:48:10,720 --> 00:48:13,280 whatever, so whatever. But we didn't. 1047 00:48:13,280 --> 00:48:17,000 But I mean I personally just went in, you know, Ape spot 1048 00:48:17,080 --> 00:48:18,480 because you know, I like this guy. 1049 00:48:18,480 --> 00:48:21,320 I like him even more after today, I'm not going to lie, I 1050 00:48:21,440 --> 00:48:24,720 almost wish like I kept some dry powder that ape the, the FUD dip 1051 00:48:24,720 --> 00:48:26,240 here. But you know what, we're happy 1052 00:48:26,840 --> 00:48:29,360 with what we have over here and we're just going to trust the 1053 00:48:29,360 --> 00:48:33,440 process and wait those for those six days to go and then and then 1054 00:48:33,440 --> 00:48:35,520 go on with it. But anyways, Tetra, we're not 1055 00:48:35,520 --> 00:48:37,680 here to talk about Jupiter, here to talk about the FNIC and 1056 00:48:37,680 --> 00:48:40,960 everything has got going on with your mint, which is super cool 1057 00:48:40,960 --> 00:48:43,160 with everything doing the AR XR and all that cool stuff. 1058 00:48:43,760 --> 00:48:45,760 So why don't you tell us, like, what's happening in your world 1059 00:48:45,760 --> 00:48:46,960 right now? For sure. 1060 00:48:46,960 --> 00:48:50,280 I mean, we're kind of gearing up for the last phase before we do 1061 00:48:50,280 --> 00:48:53,600 go towards a mint. Our project's a little bit 1062 00:48:53,600 --> 00:48:56,920 different where it's like we obviously our assets aren't 1063 00:48:57,000 --> 00:48:59,800 necessarily, I mean people can't PFP them, but they're not PFPS, 1064 00:49:00,160 --> 00:49:02,440 they're digital collectibles that are supposed to be 1065 00:49:02,840 --> 00:49:07,200 activated and brought to life to our iOS app that launches on on 1066 00:49:07,200 --> 00:49:10,240 basically reveal. And you know, there's just a lot 1067 00:49:10,240 --> 00:49:12,520 of variables. So like at the end right now 1068 00:49:12,520 --> 00:49:14,320 we're kind of like, you know, finalizing everything, getting 1069 00:49:14,320 --> 00:49:17,280 everything good with our app and just getting it all buttoned up 1070 00:49:17,360 --> 00:49:19,920 and even our MIT mechanism, I mean that's what the F Nic is. 1071 00:49:19,920 --> 00:49:24,440 So even that's like its own, you know, system where our community 1072 00:49:24,440 --> 00:49:27,240 distributes the white list, our community gets to earn money in 1073 00:49:27,240 --> 00:49:30,200 the process of distribution. So there's a lot of like, you 1074 00:49:30,240 --> 00:49:32,800 know, variables with doing things that are new. 1075 00:49:32,800 --> 00:49:35,600 So we're kind of just buttoning those up right now before we 1076 00:49:35,600 --> 00:49:37,800 actually go to launch, which should happen pretty soon. 1077 00:49:38,600 --> 00:49:40,600 What is that? Is there a date yet or did? 1078 00:49:40,600 --> 00:49:42,080 You know there isn't a date yet, but it's pretty soon. 1079 00:49:42,280 --> 00:49:44,720 It's pretty soon. Pretty soon, OK, I have my 1080 00:49:44,720 --> 00:49:47,160 friend IC so I get to pick who I want on the list. 1081 00:49:47,160 --> 00:49:49,040 Like I could just say like because I have a Founder's Pass. 1082 00:49:49,080 --> 00:49:50,440 I could pick OSF and Mendo to MIT one. 1083 00:49:50,880 --> 00:49:51,480 Exactly. Yeah. 1084 00:49:51,480 --> 00:49:53,920 So like what happens is that essentially there's like a burn 1085 00:49:53,920 --> 00:49:56,800 portal that's open right now. You go and you burn your FNIC 1086 00:49:56,800 --> 00:49:59,840 and when you burn it, you essentially get indexed on the 1087 00:49:59,840 --> 00:50:03,800 back end as a founder's wallet. And then those 333 wallets will 1088 00:50:03,800 --> 00:50:06,800 then be able to like mint 5 assets of their own. 1089 00:50:07,040 --> 00:50:09,960 And every time you mint you can essentially distribute to 1090 00:50:09,960 --> 00:50:11,320 whitelist to anybody that you want. 1091 00:50:12,080 --> 00:50:15,400 And then the only stipulation there is that like it cross 1092 00:50:15,400 --> 00:50:19,280 checks MAR index of wallets. So like if you recommend 1093 00:50:19,280 --> 00:50:21,800 somebody and bring somebody on that already has a white list 1094 00:50:21,800 --> 00:50:24,200 and or if somebody else already gave it to them that they won't 1095 00:50:24,320 --> 00:50:25,520 work. So it just cross checks in a 1096 00:50:25,520 --> 00:50:28,840 real time and then basically takes it from you have like 2 1097 00:50:28,840 --> 00:50:31,760 mint flows, which is like the Founders mint and then the 1098 00:50:31,760 --> 00:50:34,800 Founders rewards. And then if you essentially, 1099 00:50:35,080 --> 00:50:38,760 let's just say bring on Manda or SF and then they go and actually 1100 00:50:38,760 --> 00:50:42,240 mint, you earn like 50% of whatever mint that they do. 1101 00:50:42,240 --> 00:50:44,720 So if both of them mint, you essentially earn back 50% of 1102 00:50:44,720 --> 00:50:46,720 their cost and it's all just done on chain, so. 1103 00:50:47,560 --> 00:50:49,360 Interesting. OK, that's pretty, it's crazy 1104 00:50:49,360 --> 00:50:51,720 that you guys have built this on chain, like how does that work? 1105 00:50:53,400 --> 00:50:54,680 I mean it's just through an index. 1106 00:50:54,680 --> 00:50:57,080 Like if you think of it like it's there's a Merkel tree and 1107 00:50:57,080 --> 00:51:01,960 then there's the actual wallets that are coming and essentially 1108 00:51:02,360 --> 00:51:04,800 allow listing other wallets by adding them to the index. 1109 00:51:04,800 --> 00:51:08,200 And then in real time that fund is getting split between 1110 00:51:08,200 --> 00:51:13,640 essentially where you can claim and where goes to our deployer. 1111 00:51:13,960 --> 00:51:18,120 So it it just creates like an on chain mechanism for distribution 1112 00:51:18,480 --> 00:51:23,200 for like 'cause I like the thesis behind it was like most 1113 00:51:23,200 --> 00:51:27,320 of these projects or any project comes out creates like either 1114 00:51:27,520 --> 00:51:30,480 their own whitelist and then makes people grind for it, does 1115 00:51:30,480 --> 00:51:32,840 all these things and then at the end of it you end up with like a 1116 00:51:32,960 --> 00:51:35,480 pretty fragmented community. Now you can build from there a 1117 00:51:35,480 --> 00:51:38,160 community, but like at the at the origin of it, there's like a 1118 00:51:38,160 --> 00:51:40,800 little bit of a fragmentation because, you know, everybody's 1119 00:51:40,800 --> 00:51:42,000 like a little bit all over the place. 1120 00:51:42,000 --> 00:51:45,240 And then usually what I saw, especially during the 21 run was 1121 00:51:45,240 --> 00:51:47,280 that like by the time the project would have built up a 1122 00:51:47,280 --> 00:51:49,520 lot of hype and then your friends actually wanted to be a 1123 00:51:49,520 --> 00:51:51,920 part of it or they were suddenly interested, they just weren't 1124 00:51:51,920 --> 00:51:53,920 able to get a part of it because they they were too late. 1125 00:51:54,320 --> 00:51:59,200 So this was like a mechanism for us to create these smaller hubs 1126 00:51:59,200 --> 00:52:02,080 within our community where like if you have been with us for the 1127 00:52:02,080 --> 00:52:04,840 past few months, if you earned an FNIC and you have it today, 1128 00:52:05,000 --> 00:52:06,880 you don't have to now suddenly tell your friends, well good 1129 00:52:06,880 --> 00:52:08,320 luck, like go buy one of the secondary. 1130 00:52:08,320 --> 00:52:10,160 You can actually bring your friends on board and give them 1131 00:52:10,160 --> 00:52:11,440 an access to be able to do it as well. 1132 00:52:11,640 --> 00:52:14,200 It creates a really natural way for the community to grow as 1133 00:52:14,200 --> 00:52:17,280 well, where it's not just us distributing access, it's our 1134 00:52:17,280 --> 00:52:19,920 community distributing access and also earning money in the 1135 00:52:19,920 --> 00:52:21,600 process. That's really cool. 1136 00:52:21,600 --> 00:52:23,360 I mean, you've been building this community for a minute now. 1137 00:52:23,440 --> 00:52:24,800 I mean, we did our event together. 1138 00:52:24,920 --> 00:52:26,240 It was what? In June. 1139 00:52:27,000 --> 00:52:29,600 August, August, yeah. Because it was Caribana. 1140 00:52:29,880 --> 00:52:30,760 Yeah, it was. Oh yeah, yeah. 1141 00:52:30,760 --> 00:52:32,920 I was doing Caribana. Where, where, where where? 1142 00:52:32,920 --> 00:52:35,440 We came out and did a rug radio and OD Labs event, which is 1143 00:52:35,480 --> 00:52:36,880 fucking sick. We got to run it back, by the 1144 00:52:36,880 --> 00:52:40,840 way for at some point in Toronto because Toronto pulls up, that's 1145 00:52:40,840 --> 00:52:42,880 for sure. And that was really cool. 1146 00:52:42,880 --> 00:52:45,560 So tell me something, So Lulu, right, Which is a character that 1147 00:52:46,560 --> 00:52:48,560 you know represents kind of your brand or? 1148 00:52:50,160 --> 00:52:54,160 Well, yeah, I mean it's the, it's like a mix between and 1149 00:52:54,160 --> 00:52:56,200 aesthetically like one of my favorite characters that I 1150 00:52:56,200 --> 00:53:00,560 created over the years. And then also it's a highly 1151 00:53:00,560 --> 00:53:03,280 optimized AR asset. So like, there's a little bit of 1152 00:53:03,280 --> 00:53:07,240 a science that goes behind how target tracking or marker marker 1153 00:53:07,240 --> 00:53:09,320 tracking works with your cell phone. 1154 00:53:10,160 --> 00:53:14,640 And it's a mix between saturations, contrast, different 1155 00:53:14,760 --> 00:53:18,000 geometries, asymmetry. There's like all the science 1156 00:53:18,000 --> 00:53:21,520 that goes behind why a target is really highly optimized. 1157 00:53:21,880 --> 00:53:24,040 Because when you point your camera at something, if it's 1158 00:53:24,040 --> 00:53:27,240 just like, you know, a BLOB or if it's a circular shape or 1159 00:53:27,240 --> 00:53:29,280 like, you know, a lot of these like characters, they they 1160 00:53:29,280 --> 00:53:31,120 wouldn't be great. So you would end up with like a 1161 00:53:31,120 --> 00:53:33,680 glitchy AR effect. And then people think like, OK, 1162 00:53:33,680 --> 00:53:36,800 well maybe like a lot of times people don't realize that it's 1163 00:53:36,800 --> 00:53:39,080 not even that like you're not good at programming the AR, it's 1164 00:53:39,080 --> 00:53:41,320 that you also don't have an optimized target. 1165 00:53:41,920 --> 00:53:44,280 And we wanted to create something like my vision behind 1166 00:53:44,280 --> 00:53:47,200 this was not just to create like a great collectible. 1167 00:53:47,200 --> 00:53:51,400 That's the first of its kind on chain 10K collection, doing 1168 00:53:51,400 --> 00:53:53,080 something that like nobody's ever done before. 1169 00:53:53,080 --> 00:53:55,080 And you know, really fits into that, like the story of 1170 00:53:55,080 --> 00:53:57,160 provenance with the blockchain of like you know, putting 1171 00:53:57,160 --> 00:54:00,160 something on chain that's one of its like first of its kind, but 1172 00:54:00,160 --> 00:54:04,160 also it was a way to essentially create a highly optimized asset. 1173 00:54:04,160 --> 00:54:06,920 So across different devices we get the same results. 1174 00:54:07,240 --> 00:54:10,360 So it's a little bit of a aesthetic and like science that 1175 00:54:10,360 --> 00:54:12,280 goes into it. OK. 1176 00:54:12,280 --> 00:54:15,800 I mean, a lot of science because because the way you guys have 1177 00:54:15,800 --> 00:54:21,000 built all the, you know, ARXR, you know, activated apparel, 1178 00:54:21,880 --> 00:54:23,920 anything that you're doing. Speaking of which, I mean, you 1179 00:54:23,920 --> 00:54:26,560 know the T-shirt that Y'all did with us at Miami. 1180 00:54:27,120 --> 00:54:28,280 We gotta sell this at some point. 1181 00:54:28,480 --> 00:54:29,960 I mean, you gotta. Drop that. 1182 00:54:29,960 --> 00:54:31,760 Yeah, you have to, dude. Do you know what's crazy? 1183 00:54:31,760 --> 00:54:34,400 Like, you guys are way too busy. And so are we. 1184 00:54:34,880 --> 00:54:36,480 So, like, I feel like this is just never going to drop. 1185 00:54:36,480 --> 00:54:38,200 Yeah, we'll. We'll drop it. 1186 00:54:38,200 --> 00:54:40,160 Like I feel like it's like the craziest time too. 1187 00:54:40,160 --> 00:54:42,360 You guys did the merger, you guys did all this shit and then 1188 00:54:42,360 --> 00:54:45,320 we were like mid launch like the building out the like you know, 1189 00:54:45,400 --> 00:54:47,280 end of our tech stack and just getting everything to go. 1190 00:54:47,280 --> 00:54:49,560 But I think like once it all settles, we'll definitely get 1191 00:54:49,560 --> 00:54:51,040 back and cook some stuff together. 1192 00:54:51,320 --> 00:54:52,760 Yeah, that's great. And then I guess like last 1193 00:54:52,760 --> 00:54:56,080 question for you, like when it comes to to to the FNIC Lulu and 1194 00:54:56,080 --> 00:54:58,360 the community you've built, which is like honestly die hard 1195 00:54:58,360 --> 00:55:01,440 and I love to see that because it's taken, I mean you've been 1196 00:55:01,840 --> 00:55:04,800 been like community for a like 6 months plus now, which is pretty 1197 00:55:05,000 --> 00:55:07,280 cool. Shout out to our Vero Mika too 1198 00:55:07,280 --> 00:55:10,120 who obviously participate in you know helping you guys build that 1199 00:55:10,120 --> 00:55:13,560 out, But what's the main value prop for these assets, right? 1200 00:55:13,560 --> 00:55:16,280 Like why? You know, why these assets and 1201 00:55:16,280 --> 00:55:17,600 what what are, they're important. 1202 00:55:17,960 --> 00:55:19,680 For sure. I mean, I think like from a 1203 00:55:19,680 --> 00:55:23,440 value prop, most projects that you see on chain kind of go 1204 00:55:23,440 --> 00:55:25,800 after the same things, right? Like you're you have a larger 1205 00:55:25,800 --> 00:55:28,040 community and then you get access to these like 1206 00:55:28,040 --> 00:55:30,240 experiences, whatever, whatever. There's all these things that 1207 00:55:30,240 --> 00:55:33,840 like you can do and it's great. And I think then sometimes the 1208 00:55:33,840 --> 00:55:36,720 goals get a little too lofty where some they suddenly want to 1209 00:55:36,720 --> 00:55:39,560 like you know take over gaming industry and they just want to 1210 00:55:39,560 --> 00:55:40,840 become like something much larger. 1211 00:55:40,840 --> 00:55:45,040 That's really harder to tackle. I think what I really believe in 1212 00:55:45,040 --> 00:55:50,480 is doing stuff that's new, innovating in a field and then 1213 00:55:50,480 --> 00:55:53,000 also like kind of like paving a path for others to be able to 1214 00:55:53,000 --> 00:55:55,320 like you know follow that. And I think that's that's some 1215 00:55:55,320 --> 00:55:57,920 of the biggest projects in the space have done that to be able 1216 00:55:57,920 --> 00:56:00,880 to have success. And it's just been a shocker to 1217 00:56:00,880 --> 00:56:04,640 me that like no one's gone out and built a, you know, 1218 00:56:04,640 --> 00:56:07,440 collection that's AR activated so you can see these assets come 1219 00:56:07,440 --> 00:56:09,200 to life. I mean, there's a whole genre 1220 00:56:09,200 --> 00:56:11,680 and there's a whole world that is untapped. 1221 00:56:11,720 --> 00:56:14,520 And I mean, you see, like with the Apple headset dropping, with 1222 00:56:14,960 --> 00:56:19,200 the push that Meta's made in the past year, with, with Meta Quest 1223 00:56:19,200 --> 00:56:22,800 and like how much this industry is growing, especially if you're 1224 00:56:22,800 --> 00:56:25,640 in this, if you're like in the XR industry, you know, how much 1225 00:56:26,000 --> 00:56:28,280 funds are being funneled into essentially building this up 1226 00:56:28,280 --> 00:56:30,480 over the coming years, how massive this market's going to 1227 00:56:30,480 --> 00:56:31,840 be. It just didn't make any sense 1228 00:56:31,840 --> 00:56:34,360 that nobody had done that. Which honestly is good for me 1229 00:56:34,360 --> 00:56:36,080 because this is something I've been passionate about for years 1230 00:56:36,080 --> 00:56:38,000 and we've been building it because it's not like quick, 1231 00:56:38,240 --> 00:56:40,800 hey, let's push out some PNGS or Jpegs and Mints. 1232 00:56:40,800 --> 00:56:43,280 Like, there's a lot that goes into this, you know, between the 1233 00:56:43,520 --> 00:56:46,320 material exports, between the building up of the app, between 1234 00:56:46,320 --> 00:56:47,920 making sure everything matches one to one. 1235 00:56:48,080 --> 00:56:50,680 They're just like once somebody sees the breakdown of how much 1236 00:56:50,680 --> 00:56:52,680 goes into creating something like this, it kind of makes 1237 00:56:52,680 --> 00:56:56,080 sense why no one's done it. But obviously from my 1238 00:56:56,080 --> 00:56:58,520 perspective, it was to essentially put that collectible 1239 00:56:58,520 --> 00:57:00,760 be first of its kind on chain and I think that's one of the 1240 00:57:00,760 --> 00:57:03,280 biggest value propositions of putting things on chain anyway. 1241 00:57:03,280 --> 00:57:06,640 It's like having that historical provenance of, hey, this was 1242 00:57:06,640 --> 00:57:09,960 here, this is a time stamp, it's an open market, Anybody can 1243 00:57:09,960 --> 00:57:11,960 trade it. And technically we've had these 1244 00:57:11,960 --> 00:57:14,320 collectibles as like a web two asset and people have been 1245 00:57:14,320 --> 00:57:16,360 activated for a long time. We've been doing it with fashion 1246 00:57:16,360 --> 00:57:19,200 and everything else, with my stickers and you know all sorts 1247 00:57:19,200 --> 00:57:21,600 of my art and these have all been activated before, but 1248 00:57:22,040 --> 00:57:24,640 that's not an open marketplace. When you have those assets, 1249 00:57:24,640 --> 00:57:26,960 there's no way for you to essentially trade them or buy 1250 00:57:26,960 --> 00:57:28,360 the ones that you like, anything like that. 1251 00:57:28,360 --> 00:57:30,720 So I think the chain essentially introduces a few things, you 1252 00:57:30,720 --> 00:57:33,400 know, open marketplace Providence and essentially 1253 00:57:33,400 --> 00:57:36,560 brings that asset and puts it you know, as a part of history. 1254 00:57:36,560 --> 00:57:39,120 So that's kind of like our initial goal. 1255 00:57:39,120 --> 00:57:41,120 And then there's all sorts of things that we're building, but 1256 00:57:41,240 --> 00:57:44,400 we don't really talk about a lot of it because I think on its own 1257 00:57:44,400 --> 00:57:48,400 it has legs like on its own it has a lot of bear in value. 1258 00:57:48,400 --> 00:57:50,160 So it's like we almost don't need to even talk about the 1259 00:57:50,160 --> 00:57:51,920 things that we're building for the months to come. 1260 00:57:51,920 --> 00:57:53,680 We mostly want to focus on your buying. 1261 00:57:53,680 --> 00:57:56,320 Essentially first of its kind AR collectible. 1262 00:57:57,120 --> 00:57:58,560 Fuck yeah. Let's go. 1263 00:57:58,560 --> 00:58:00,360 I love that. I mean, I've seen it in person. 1264 00:58:00,360 --> 00:58:02,000 It's really cool. Like the way you guys act. 1265 00:58:02,000 --> 00:58:04,880 Like, that's how like girls are putting like nails like. 1266 00:58:06,720 --> 00:58:08,240 Hell in. An accent. 1267 00:58:09,080 --> 00:58:11,720 Yeah, they had the NFC chips that would activate it, and then 1268 00:58:11,720 --> 00:58:13,640 I programmed it so it can come out of their hand. 1269 00:58:13,840 --> 00:58:17,840 Mika doing this shit I saw, I saw, I think our very own F2. 1270 00:58:18,240 --> 00:58:21,760 Yeah. Doing this stuff and so I it's 1271 00:58:21,760 --> 00:58:24,280 some crazy stuff like the fucking Lulu coming out of 1272 00:58:24,400 --> 00:58:25,880 motherfuckers nails and you're here. 1273 00:58:25,880 --> 00:58:29,400 Like, wait, what? But it's super cool. 1274 00:58:29,400 --> 00:58:31,480 No, I love it, man. I'm obviously a big fan. 1275 00:58:31,480 --> 00:58:33,440 I'm a friend. We've done a ton of stuff with 1276 00:58:33,560 --> 00:58:36,280 OD Labs on the rug radio side and we're gonna continue to do a 1277 00:58:36,280 --> 00:58:38,680 lot of cool shit with you guys. We're excited for you and what's 1278 00:58:38,680 --> 00:58:40,240 happening. So last question is like where 1279 00:58:40,240 --> 00:58:43,160 do people like stay in touch? Like right now it's exciting. 1280 00:58:43,480 --> 00:58:45,440 You know when, where, You know how do. 1281 00:58:45,440 --> 00:58:46,920 We, I mean our mint's coming up soon. 1282 00:58:46,920 --> 00:58:48,960 So it's kind of like a few ways you can participate. 1283 00:58:49,760 --> 00:58:54,000 One is obviously just by going on secondary and buying an FNIC 1284 00:58:54,000 --> 00:58:56,640 Those were all AirDrop for free over the past few months. 1285 00:58:57,280 --> 00:58:59,600 We had an API system on Twitter that would like essentially 1286 00:58:59,600 --> 00:59:01,840 track people's engagement and you know content that they 1287 00:59:01,840 --> 00:59:04,240 posted and everything else and we AirDrop these every week. 1288 00:59:04,440 --> 00:59:08,360 But our Airdrops over all 333 have been distributed and now 1289 00:59:08,360 --> 00:59:10,920 essentially you either go buy one on secondary to be able to 1290 00:59:10,920 --> 00:59:15,160 participate or the only guaranteed method of minting is 1291 00:59:15,160 --> 00:59:18,720 by receiving a whitelist from one of those FNICS. 1292 00:59:18,720 --> 00:59:22,280 So for example like there has been ways that we've given out 1293 00:59:22,600 --> 00:59:26,560 whitelist ourself like as as a company but like those and we've 1294 00:59:26,640 --> 00:59:28,840 we've expressed that those are not guaranteed the only 1295 00:59:28,840 --> 00:59:31,400 guaranteed ones, the only people that are guaranteed to mint are 1296 00:59:31,400 --> 00:59:36,080 the FNIC holders and the FNIC the wallets that the FNIC is 1297 00:59:36,080 --> 00:59:38,000 essentially whitelist into our ecosystem. 1298 00:59:38,000 --> 00:59:41,080 So you know there's 333 of them. If you follow our pages, you'll 1299 00:59:41,080 --> 00:59:42,520 see them commenting on their everything. 1300 00:59:43,200 --> 00:59:45,720 They're very active, so you can essentially hit up any of those 1301 00:59:45,720 --> 00:59:49,000 guys and gals and they'll essentially be able to bring you 1302 00:59:49,000 --> 00:59:51,800 into our ecosystem. So it's very much don't reach 1303 00:59:51,800 --> 00:59:53,320 out to us, reach out to our community. 1304 00:59:54,000 --> 00:59:55,480 I like that. I like that a lot. 1305 00:59:55,520 --> 00:59:58,040 I mean, I'm going to have to give my mints to to Ovey Mendel. 1306 00:59:58,120 --> 00:59:59,560 That's fam like I'm going to have to pick. 1307 00:59:59,640 --> 01:00:00,960 I got wait, two or three. I forgot. 1308 01:00:00,960 --> 01:00:04,000 Sorry, I already asked you that. Well, so basically like with F 1309 01:00:04,000 --> 01:00:09,040 and IC you can mint five and then so every the when it comes 1310 01:00:09,040 --> 01:00:12,800 to public and when it comes to regular regular white list, you 1311 01:00:12,800 --> 01:00:14,520 can only mint 2. But with an F and IC you can 1312 01:00:14,520 --> 01:00:18,840 mint 5 and for each one that you mint you can essentially allow 1313 01:00:18,840 --> 01:00:21,080 us two more wallets. So in the process, you can 1314 01:00:21,080 --> 01:00:23,520 actually bring 10 more people on, and those ten people are 1315 01:00:23,520 --> 01:00:25,240 able to get two of their own and. 1316 01:00:25,880 --> 01:00:27,280 So we'll pick community members then. 1317 01:00:27,360 --> 01:00:29,520 That's fire. Okay okay. 1318 01:00:29,520 --> 01:00:31,960 I'll pick some real video community members in that case. 1319 01:00:32,480 --> 01:00:33,160 Exactly. I'll do that. 1320 01:00:33,160 --> 01:00:34,760 I'll pick the boys. No Obie Mando. 1321 01:00:34,760 --> 01:00:40,680 Maybe a producer Sims, and he's down in the and I'll have Bernie 1322 01:00:40,680 --> 01:00:42,960 send use some of my stuff for that. 1323 01:00:42,960 --> 01:00:44,720 All right. Well, Tetra dude, I appreciate 1324 01:00:44,720 --> 01:00:46,080 you. Thank you as usual. 1325 01:00:46,080 --> 01:00:47,800 Much love. You know, that's someone I'll 1326 01:00:47,800 --> 01:00:49,760 always be supporting. So for anyone, like honestly, 1327 01:00:49,760 --> 01:00:51,560 Tetra's one of the people that the Appers can look up to. 1328 01:00:51,560 --> 01:00:54,600 Like as a founder, he's fire. He's had a lot of success way 1329 01:00:54,600 --> 01:00:57,120 before NFTS. And so, you know, you guys 1330 01:00:57,120 --> 01:00:59,040 should be expecting a lot more coming up for rock radio and OD 1331 01:00:59,040 --> 01:01:00,280 laps for sure. Thank you, Tetra. 1332 01:01:00,640 --> 01:01:01,560 Much love, man. Thank you. 1333 01:01:01,560 --> 01:01:02,280 See. You bro. 1334 01:01:02,280 --> 01:01:02,400 Peace.