Space Summary
The Twitter Space basedVC x Evermoon AMA hosted by basedvcfund. Delve into the basedVC x Evermoon AMA for exclusive insights into web3 investments, NFTs, DeFi, and the Metaverse. Learn about key trends, risk management strategies, and the importance of community building. Discover top highlights on blockchain tech advancements and diversification strategies within the web3 space.
For more spaces, visit the NFT page.
Space Statistics
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Questions
Q: How do web3 investments compare to traditional VC funding?
A: Web3 investments offer similar early-stage opportunities with a focus on blockchain and digital assets.
Q: What are the key trends driving the NFT market within the web3 space?
A: NFTs are a major focus, driven by digital art, collectibles, and tokenized assets.
Q: How can investors manage risk in the volatile crypto market?
A: Implementing risk management strategies and thorough due diligence is key.
Q: Why is community building crucial in the web3 ecosystem?
A: Building trust and relationships within the community fosters collaboration and growth.
Q: What role do tokenomics play in the success of blockchain projects?
A: Token design and governance structures are integral to project sustainability and investor confidence.
Q: Why is it important to diversify investments in the web3 space?
A: Diversification across different sectors mitigates risk and enhances portfolio resilience.
Q: How can networking with industry experts benefit web3 investors?
A: Engaging with experts provides valuable insights, opportunities, and industry connections.
Q: What are some key considerations for investing in innovative blockchain projects?
A: Understanding technology, partnerships, and market potential is crucial for successful investments.
Q: What role does due diligence play in web3 investments?
A: Thorough research and scrutiny of projects help investors make informed decisions and minimize risks.
Q: How can investors stay informed about emerging trends in the web3 space?
A: Engaging in events like AMAs and following industry news sources keeps investors informed and updated.
Highlights
Time: 12:05:19
Top Web3 Investment Strategies Experts discuss effective strategies for navigating the web3 investment landscape.
Time: 12:15:35
DeFi Innovations and Opportunities Exploring the latest developments in decentralized finance and investment opportunities.
Time: 12:25:44
NFT Market Insights Insights into the booming NFT market and its impact on the web3 investment ecosystem.
Time: 12:35:52
Metaverse Expansion Trends Analyzing the growth and potential of the Metaverse in the context of web3 investments.
Time: 12:45:01
Blockchain Tech Advancements Highlighting the technological advancements shaping the future of blockchain investments.
Time: 12:55:12
Risk Management in Crypto Strategies for managing risks effectively in the volatile cryptocurrency market.
Time: 13:05:22
Community Building in Web3 The importance of fostering strong communities for sustainable growth in web3 investments.
Time: 13:15:33
Tokenomics and Governance Exploring the impact of tokenomics and governance structures on blockchain project success.
Time: 13:25:41
Diversification Strategies Tips on diversifying investments across different sectors within the web3 ecosystem.
Time: 13:35:50
Future of Web3 Investments Insights on the evolving landscape of web3 investments and emerging opportunities.
Key Takeaways
- Web3 investments offer early-stage opportunities similar to traditional VC funding.
- NFTs, DeFi, and the Metaverse are prominent topics in the AMA, reflecting current market trends.
- Understanding the intersection of blockchain technology and digital asset ownership is crucial for investors.
- Exploring innovative projects and partnerships can lead to valuable investment insights.
- Risk management strategies and due diligence are essential in the volatile crypto market.
- Networking with industry experts and engaging in AMAs can provide deep insights into the evolving blockchain landscape.
- Keeping abreast of emerging technologies and trends is key to success in the web3 investment space.
- The AMA emphasizes the importance of community building and trust within the web3 ecosystem.
- Tokenomics and governance structures play a significant role in the success of blockchain projects.
- Investors should diversify their portfolios across different sectors within the web3 space for risk mitigation.
Behind the Mic
Introduction
Sadeena. Hello GM and happy Monday. I hope you're having a fantastic start to the week. And also October 7. October is wow. We are about to end up the year in three months. But yeah, today we have Eitra from the ask Jimmy team. We are super excited. We are going to discuss about their project that is the first option trading agent platform. So yeah, we are excited for that. So Etra would love to hear more about yourself. Can you please share more about you and your role, what you do at Askgimmy?
Background of Eitra
Yes, of course. Thank you for having us. So basically my background come from trading. I was doing exotic option trading for more than 15 years and so. So created also multiple projects inside the crypto space, created bitten, so exchange on Bittensor created, co founded NFTPup and the team too. So now what we do is basically creating the first platform to create autonomous agents but dedicated to trading. We want to be the place to go to create strategy, to trade, to do from very simple stuff like rebalancing every Friday to much more complex strategies.
The Functionality and Approach of Ask Jimmy
And so we have a low code approach so everyone can go and basically just by clicking on button and suggestion, creating strategies. So that's really what we're doing with Sgimi and I'm the main co founder here and yeah, we already moving forward a lot and excited to talk more about it today. Great. That's a super nice story. Like yeah, with you with the background of being a trader and then building this platform, be part of this platform is super cool. So yeah, I would like to ask you to explain for the community what is ask Jimmy and as well like what are the things that you believe are different from other trading platforms.
Strategies in Ask Jimmy
So I think as Jimmy we want to be not just like one solution, we want to be like a framework for people to create strategies. And what I mean by strategies could be technical indicator strategy, like using ban or RSI or Mihden CD, using all basically technical or even in a later stage fundamental or just very simple rebalancing every Friday or every two weeks. Your portfolio is moving a lot and especially in a bull run incoming with lower rate and basically liquidity coming back to crypto.
User Empowerment through Automated Strategies
I think people want to give more exposure to a multiple of ticker, but they want to be able to create systematic rules and organization inside the portfolio, but also inside a strategy. And so what we're creating with Sgimi is a way for everyone to create an agent, giving them some rules. And in a later stage also we'll be able to giving like a capacity to decide, right, like what you want to rebalance or to find some signal to find a more basically elevated way of trading. Because end of day we all have ton of crypto portfolio, we all have different coins, we all have alts main, and sometimes we do farming, sometimes we do also options and you also do delta neutral.
Comprehensive Trading Solutions
So you have a big scope of everything, of what is doable today, as in defi. But you don't really have a platform where you can create all of this in a simple way with low code platform, like not even coding it, and also a capacity to invest into this strategy, right. So what is great about, ask you me, is you can also invest into strategy you don't want to maintain, right. Let's say you like a strategy of for example, RSI momentum inside arbitrum token. You could have very good trading inside the community already doing it, and you can just invest into their vault.
Performance Incentives in Ask Jimmy
And so the point for people to create vault is they get a performance fee and they are attracted to get more and more performance for them, but also for people investing into them. So yeah, that's really what is asked, Jimmy, in terms of how do we differ. I think there's multiple way of where we differ from other people. I think one is we have more like a trading focus versus I would say a mem coin or just like sniping boat or just like a telegram boat.
Core Trading Focus and Strategy Testing
So we really focus into the core trading parts, being able to back test basically on the platform. So you can go to SGMe and even without depositing money, you can already test your right. So you can say, hey, I want to buy ethereum every time it's down more than 10% in a day. And what is going to be my result if I do this strategy? So you can do very advanced level of strategy. You can composite multiple signal, you can composite multiple ticker.
Broad Range of Trading Strategies
And so we have a huge spectrum of what is dribble. So I will say that's number one, really a core trading focus and not really into hype or Mem coin, but you can still do it, right? Mem coin is just a ticker for us. Basically. It's just basically higher volatility underlying that. You need to understand when you trade number two, it's going to be on how easily is it to create strategies.
DeFi Focus for Strategy Freedom
So the local platform approach, I would say you have multiple players who have ton of restriction. We decided to be defi focused because we don't want restriction. We're trying to at least reduce it at a maximum level.
Investment Strategies
And what we want is people to create as much strategy as they can, to an extent, be able to invest into multiple strategy. Right. And that's my last point. Right. My last point of how we differ is in asgimy, you can create, let's say, five strategy, and you can basically regroup them into one. And you can backtest how your portfolio behave in a five strategy layer with five agent inside one strategy. And so I think that's one of the best way to invest your money. Right. Your best way to invest your money is into a group of strategy who have non correlated return and we can, you know, articulate them between, you know, allocation depending on signal and market behavior. But, yeah, that's really what we want.
Understanding Hedge Fund Strategies
Like, top edge fund level today, like Citadel or millennium or even Ray Dalio basically have a group of 50 to 200 strategy and they invest into them. And that's the best you can do today. So my vision is in the next level of where we are going in the crypto space, which is very, like now, long only or sometimes short only, or sometimes memcur and trading, you go into a more advanced phase, I would say, wherever you can invest into a multiple group of strategies. And that's really what we're trying to build and be different at versus a competition. Hope it was not too much technical. If it was, let me know. Happy to experience a bit more, but.
Community and Strategy Building
Yeah, no, yeah, it was great. Eitra, to be honest, it's super cool that you are built that you have this platform. You have built this platform because, as you mentioned, like, it's very hard to create the strategies or even what you just said, like, creating five strategies and then turning into one. Wow, that's. That's super impressive. Like, otherwise people will have to, like, yeah, create a smart contract, but basically, not many people know how to do it. Like, I don't know how to do that and. Or put a lot of alerts just to do your strategies on time, but that is very stressful as well.
Challenges of Implementing Strategies
And most of the time, you're not doing it. Like, you're not getting in the right point. I don't know. Many things can happen. And, yeah, this is super cool that you're improving the experience for the community and giving them more options to start interacting with. Defi and, yeah, I want to ask you, too, what are the steps that people need to follow to start interacting with it? Like, let's say they are new to ask. Jimmy, they are going to follow your ex account. Yeah. What are the next steps that they need to follow?
Next Steps for New Users
And actually I just pinned some tweets from Askgame account for you if you want to give them a follow as well. Yeah, perfect. We'll do it. So I think the easiest way first is to go to the website and basically you have two way of interacting. You can directly go into the community part and in discover strategy that will be one. So on discover strategy, you can see already like some of the strategies live, what people are investing into, how they're performing.
Understanding Strategies
And what is nice also is when you can click on view strategy, you can see what the signal they have used, how the backtest perform. And so you don't invest into a black box, you invest into basically an entry and exit signal and you can see all of them. So it's not like you don't know what's going to happen. You exactly know what is going to happen. But then is it going to be a good or not time to get into the strategy. So that's where basically people need to check.
Community and App Interaction
So first one is community discover strategy and number two is launching the app. So when you go on a jimmy on top, right, you have launch app. And so when you go and you can directly have an agent and you can interact with him, you can connect with your metamask and basically you can, I recommend people to type help first. So when you type help, you can have a different way of basically interacting with the bot.
Utilizing the Agent
You can, for example, screening strategy. You can look into specific sharp ratio. You can say, hey, show me all the strategy. We have a sharp ratio bigger than one. Or you can also basically search by low volatility.
Methods of Interaction
You have like multiple basically way of interacting it. So that's number two. And number three is also checking the video. We did like a small set of YouTube video where we explain how to interact. So I think that's also a good place to start. And of course the discord, like please change the discord and ask your question if you want and we'll be happy to help. I think that's really the path to go.
Community Engagement and Feedback
Oh, that's nice. Yeah, that's super helpful that you have a discord for people to ask questions and ask for guidance. That's great. I also saw that you had some great news from SDME team and platform that you have integrated some arbitrum, GMDH projects like GMX, hyper liquid and orderly. So yeah, I want to ask you more about this integration. Why did you decided to integrate them?
Integration Choices
Yeah, I mean, so the first one was orderly. We had a very good interaction with the team. I think we like what they're building and the vision of where they're going. So orderly was from day one, the first. Then we also integrated GMX and Epe liquid. And I think basically people want to have a choice, right? People have maybe more experience into EP liquids and GMX, or maybe they want to trade more on orderly. So we don't want to change habit of people. We want to be connected to big dexs and we want to be, we want to make them comfortable because the money will be stored in the dexs, right.
Operational Model
We dont store money, we basically like a signal, we sending signal to wallet and sending orders to wallet. So I think integrating this top three was very important for us. It took a lot of time, but for me I think it gives you a bigger flexibility, but it also gives you like what I call level two of product, which is like when you're trying to basically screen for delta neutral strategy, which just to make it very simple, is going long spot and short futures. Our pep, you can do that between the dexs together too, right?
Strategic Overview
So you could be long, GMX may be perp and you could be short EPA liquid perp. And you'd be capable of collecting funding in the two dexes at the same time with the delta neutral strategy. So I'd try to not be too much technical, but basically being capable of integrating with all these dexes give you like such a high level of strategy to be capable of deploying into SGMe that it's super cool, right? Like you sometimes you want also in a simple way to trade a mem coin which is only here in GMX, or maybe more EPA liquid, I would say then you want epi liquid for that.
Trading Preferences and Liquidity
Maybe for specific ticker you want more liquidity on GMX. So you want to trade on GMX for all of this reason. Basically we decided to integrate with the biggest dexes from arbitrum. Yeah, that's great to see in arbitrary, we encourage a lot the collaborations between projects and also us as well organizing these AMA's or collaborating even in real life events. So yeah, this is very cool to see that you have integrated these projects for the community at the end.
Future Plans and Developments
Super cool. And what is coming next for ask Jimmy, like do you have any plans for the upcoming year? For next year? Yes, for sure. For sure. So we keep shipping a lot. I think what is important for us is to release basically a capacity to create a composite portfolio of multiple agents. This is already live. We did one and we have one strategy basically from SGME composed on six underlying agents running their own strategy and signal behind.
Access and Usability Enhancements
So I think making this accessible. So allowing people to maybe, you know, just like simple use case will be. They have a long strategy on Solana that they like. They have a long strategy on arbitrage, which is different that they like too. And they have a short strategy on, I don't know, Polkadot two. And so they want to create a portfolio regrouping this free strategy into one and they want to invest into it.
Advanced Products Integration
So I think that's really like, I would say what we are deploying now, it's already deployed, but we're working even more to make it more accessible for everyone. And level two of what we're deploying, I will say in coming months, is also integrating more complex products like being able to do pep and option. So let's say you want to go long arbitrum or ethereum, and basically you want to do a call over writing strategy.
Conclusion and Expectations
So selling a 110 call, you can be able to do it in Sgme in a month or two from now. And so I think that will be really great. Like to be able to create a composability between like primitive, from perpetual to options.
Creating a Universe of Composition
And this gives me like basically a universe of composition, which is huge. And so in a second stage, you will be also able to create your own structure. Products like siga type vault basically, but made accessible to everyone. Like you will be able to sell straddle in a systematic way, you will be able to buy straddle in a systematic way, you will be able to composite, like being long and short, being like sell or buying options at the same time. So when you have this, you are really like next level of product. And that's, I think where we're going because more and more complexity and institution are coming to crypto and I see a huge need for people to create their own product. Maybe you want protection on a specific underlying. And so all of this will be like the next wave, I would think. And so we're working on it now.
Emphasizing User Focus
I think that's already big and yeah, trying to fix issue for people as much like use case from very simple to more complex. I think we focus always on the user is key for us. But yeah, that's really the two big incoming updates I have planned for. Ask Jimmy. Wow, that's a lot of alpha. Yeah, for sure. Those are huge plans for the future and we are going to be here for sure to help you amplify when everything's ready. The community will be excited for sure. Cool. Yeah, well, I believe I don't have more questions, but if you would like to share something else to the community about asking me today, I believe it's the time.
Encouraging Community Engagement
I also want to remind the community that they can follow Askgimi account. I just pinned their content here so you can check it out and. Yep. And yeah. I mean, so you know, just come and try. You can, you can even backtest and get sub signal. You know, I think what we are providing is an easy way to basically confirm or not your bias. Right. Let's say you have an implied knowledge of. Yeah, I know. When, when market is down more than 5% is maybe a good time to buy or you know, maybe you have some specific strategy you think is good and you've been investing into it but you're not sure.
Backtesting and Strategy Development
And so you can directly come today and start back testing it and get, you know, a proper, basically statistical feedback on is that right or not? And also you can get more ideas. Right. You have many people who have created strategies and vaults inside. Ask Jimmy. And so you can directly see what is working and what is not working during up and back market and during high volatility. So I think discover strategy is a good step, checking the video too and backtesting your strategy. And more important, if you see that stuff that we didn't do or that you guys want, please go to the discord and let us know we're super reactive on issue in terms of what people need as a use case.
Closing Remarks and Community Support
And so yeah, that's really my end to look of it. Try us and give us some feedback and happy to help. Thank you here as well. I just pinned the discord link as well, one demo of their website in YouTube. So yeah, feel free to check them out. So yeah, thank you very much for your time. And ask Jimmy team for bring, for joining us today to discuss more about Askimi and all the great plans that you have for the community. And yeah, wishing you a great Monday and week ahead. And yeah, looking forward to hear more from you and updates soon. Yes, thank you for having us and thank you everyone.
Farewell and Looking Ahead
Thank you. Have a great day. Bye bye. Thank you everyone. See you. And let's go. Let's keep building.
