Space Summary
The Twitter Space DRIFE 13 | Uptober: Crypto Basics with DRIFE hosted by Drife_official. DRIFE 13 on Uptober provided deep insights into the intersection of blockchain technology and ride-hailing services, showcasing how DRIFE reimagines the taxi industry through decentralized governance, user empowerment, and transparency. CEO @Firdosh_Drife's vision underscores the platform's commitment to fostering a community-centric approach, driver welfare, and data security. The discussions highlighted the transformative potential of DRIFE in reshaping the traditional ride-hailing landscape with innovative solutions, cryptocurrency integration, and a focus on enhancing user experiences. DRIFE stands at the forefront of crypto-inclusive ride-hailing, driving towards a future of decentralized, transparent, and user-friendly transportation services.
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Space Statistics
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Questions
Q: How does DRIFE redefine ride-hailing services?
A: DRIFE introduces innovative solutions leveraging blockchain and cryptocurrency integration for a user-centric ride-hailing experience.
Q: What role does the $DRF token play in the DRIFE ecosystem?
A: The $DRF token serves as a key element enhancing user engagement, incentivizing participation, and driving value within the platform.
Q: How does DRIFE leverage blockchain technology for transparency?
A: DRIFE utilizes blockchain to ensure transparent transactions, secure data handling, and decentralized governance, fostering trust among users.
Q: What sets DRIFE apart from traditional ride-hailing services?
A: DRIFE distinguishes itself through its community-centric approach, driver-friendly policies, and innovative use of blockchain technology.
Q: How does DRIFE address the challenges of the traditional ride-hailing model?
A: DRIFE tackles issues like high commission rates, lack of transparency, and data privacy concerns through its decentralized and user-focused platform.
Q: What future trends can we expect to see in the crypto-inclusive ride-hailing industry?
A: The industry is moving towards decentralized governance, token incentivization, and enhanced user control, with DRIFE leading the way in innovation.
Q: How does DRIFE promote driver welfare and empowerment?
A: DRIFE prioritizes fair compensation, lower commission fees, and empowerment through community engagement, offering drivers a more sustainable and rewarding experience.
Q: What benefits do passengers gain from using DRIFE for their ride-hailing needs?
A: Passengers enjoy increased transparency, lower costs, secure transactions, and the opportunity to support a community-driven platform that values their input.
Q: What is the vision of CEO @Firdosh_Drife for the future of ride-hailing?
A: CEO @Firdosh_Drife envisions a decentralized, equitable ride-hailing ecosystem that prioritizes user satisfaction, driver welfare, and sustainable growth.
Q: How does DRIFE ensure data security and privacy for its users?
A: DRIFE employs blockchain technology to safeguard user data, ensure privacy, and prevent unauthorized access, enhancing trust and reliability.
Q: What are the key challenges in merging cryptocurrency concepts with the ride-hailing industry?
A: Challenges include regulatory hurdles, public acceptance, infrastructure development, and ensuring seamless user experiences while integrating cryptocurrency into ride-hailing services.
Highlights
Time: 00:08:30
DRIFE's Vision for Decentralized Ride-Hailing Exploring how DRIFE envisions a future where ride-hailing is driven by decentralization and user empowerment.
Time: 00:15:45
Role of Blockchain in DRIFE's Transparency Understanding the role of blockchain technology in fostering transparency, accountability, and trust within DRIFE's ecosystem.
Time: 00:22:10
Community-Centric Approach of DRIFE Highlighting DRIFE's commitment to community engagement, inclusivity, and collaborative decision-making in shaping its platform.
Time: 00:31:20
Future Trends in Crypto-Inclusive Ride-Hailing Discussing the evolution of ride-hailing services towards decentralized governance, tokenization, and enhanced user benefits.
Time: 00:39:05
DRIFE's Driver Empowerment Initiatives Exploring how DRIFE prioritizes driver welfare, fair compensation, and empowerment, setting a new standard in the industry.
Time: 00:46:55
Data Security & Privacy Measures in DRIFE Insights into how DRIFE ensures user data security, privacy protection, and data integrity through blockchain technology.
Time: 00:53:40
Overcoming Challenges in Ride-Hailing Innovation Addressing the obstacles and solutions in merging cryptocurrency concepts with traditional ride-hailing services for a seamless user experience.
Time: 01:01:15
DRIFE's Impact on the Ride-Hailing Landscape Examining the transformative potential of DRIFE's blockchain-driven approach on reshaping the ride-hailing industry.
Time: 01:10:25
Passenger Benefits with DRIFE Highlighting the advantages for passengers using DRIFE, including cost efficiency, transparency, and support for a community-driven platform.
Time: 01:18:30
Sustainable Growth & Innovation at DRIFE Exploring how DRIFE blends sustainable growth strategies with innovation to create a user-centric, forward-thinking ride-hailing platform.
Key Takeaways
- Understanding the transformative potential of DRIFE's approach to ride-hailing services.
- Insights into the integration of cryptocurrency concepts within the ride-hailing industry.
- Exploring the innovative solutions offered by DRIFE for drivers and passengers.
- The significance of the $DRF token ecosystem and how it enhances the user experience.
- Insights into the leadership and vision of CEO @Firdosh_Drife in reshaping the taxi industry.
- The importance of community engagement and transparency in DRIFE's business model.
- Understanding the role of blockchain technology in revolutionizing traditional ride-hailing services.
- Insights into the future trends shaping the ride-hailing industry within the crypto landscape.
- Exploring the implications of decentralized governance models within the DRIFE ecosystem.
- Insights on the challenges and opportunities present in merging blockchain technology with ride-hailing services.
Behind the Mic
Introduction and Greetings
Sadeena. Radhe. Sadeena. Sadeena. Alright, GMGM. Hey guys, so if you're a speaker now, you guys can try to open up your mic and do some mic tests. So just to make sure we can hear you. Maybe the mayor can go for first mayor from Masterpop, then Rona, then Richard, then lastly token tales. You guys can try to open up your mic and just make to make sure that the audience can hear you. We can hear you. And for tell Allspot I'm inviting you to speak. Please accept it. Hello. Awesome. Hey guys. Sorry, is this working? Yeah, yeah.
Testing and Mic Check
How did. How about recharge and mirror? Maybe you guys can try to, you know, check your mic. Hey guys, how you doing? Richard here from stability world. Nice to meet you all. Awesome. Perfect. Glad and clear. Telly owl spot. I'm inviting you to become a speaker. I'm not sure if you were able to receive it, but if not do request to become a speaker instead, you can also try to jump off and join again, you know, just to make sure it's not buggy on your end. So there we go. It's currently 09:02 a.m. uTC time. So I'm just so excited every Friday because we are doing a weekly spaces here in drive.
Host Introduction and Space Overview
Right. So I would just like to introduce myself. I'm AJ, your host for today's mega space. And it's a mega space because we have a lot of projects joining us. We have rana token sales, Richard from stability, mayor from Masterpop and telly Owl spot, which hopefully now we can come as a speaker. And so a quick intro about me is that ImDrive's partnerships and collaboration guy? I also do the spaces. And you know, if there's any listeners out there, you know, maybe those who will replay these spaces or any, you know, audience out there who would like to partner with Drive, just send us a message here on X or on Telegram.
Drive Spaces and Their Impact
It's AJ drive and we will see to it that we will be able to collaborate and, you know, partner up together. All right, so just to give a quick, you know, statistics about drive spaces and why most projects love joining, you know, drive spaces is because our spaces here is really, we try, we do our best to make it educational, impactful, you know, limit the time. We actually, we're doing our best to limit it below than 45 minutes now. Just so you know, the people, the audience can really digest, you know, really what is just important, right? So a quick statistics is that we have participated in over 35 spaces already.
Growth and Success of Drive
We have hosted over 20 spaces and we are averaging at around 1.5k listeners per spaces. So actually in our drive twelve, which is why deepen matters, which is like a bullish September. And we did in fact close, strong crypto market for September, for bitcoin and overall for the total cryptocurrency market, because we. I think were up by seven plus seven or 9%. Right. So we last spaces, we had about 12,000 listeners. So hopefully we do get a lot more audience joining in our spaces for today. So just a quick intro now about drive.
Introduction to Drive
And later on, all of the projects will get a chance to introduce who is the speaker behind the account and of course about their project. But for now, let's introduce drive. So drive is the world's first ride healing platform powered by blockchain technology. And if you were at Singapore for the token 2049, hopefully you have seen some of our taxi or our cabs and were actually doing free rides there. So Sui is our blockchain now and we have fully migrated. So drive is also paving the way for a new era of transportation that puts power back into the hands of drivers and riders alike because of our unique fare structure.
Unique Features of Drive
So 100% of the fare, it goes directly to the driver, empowering them to earn a fare income. Plus our option based mechanism allows drivers and riders to choose their fare and earnings, creating a transparent and collaborative ecosystem. So for our audience, just to, you know, better think what drive is, we're basically, you know, something like Lyft, something like Uber, but we are blockchain enabled and in fact, drivers can earn more and riders can save more. So it's really amazing, like with, you know, what blockchain technology can help our economy and like overall, the businesses. Right?
Global Expansion Plans
So some more information about drive is that we have secured a license in Dubai. We have also launched there. We also have a revenue generating business india. We have a TfL license under review in UK. We have a crypto payment integration for all of our rides and we are expanding our operations globally. So, you know, drive is going global. And actually part of the roadmap of Drive is after Dubai, we go for UK and the MENA regions. So without further ado, let us introduce the projects. Joining us for Drive 13 October, crypto basics with Drive.
Introducing Projects and Topics
So overall, the topic is really simple. As you know, it's all about the basics of the basics in crypto and our projects that. Joining us today is Ronna token sales, Richard from stability, mayor from Masterpup. Right. And of course, Telly Owlspot and hopefully tell you can try to jump off the spaces and try to join again and then maybe you can request as a speaker. So for now, let us go with Rona, introduce who is behind the account, introduce the project. Let's go.
Rona's Presentation
Sure. Hey guys, Jay here. I'm from the world team of Rona. Just a quick rip about me. I'm a guy and being around in like the crypto space for like give or text five years. Yeah. So today I'm gonna represent Rona just to get everybody knows what we are doing, what's coming up next and what you guys can expect from Rona. So yeah. Quick review about Rona so Rona is the very first web three gaming and Debian ecosystem built on Solana and our flagship product is the Rona Play console.
Rona Play Console Features
It's a combination between high performances gaming hardware with the advance of like web three capabilities and we offering users more gaming incentives experience and also enable for them to receive passive income generating relating to our reward system and multiple earning opportunities. And some of the key features of Rona are the community driven reward. So technically you can whenever you come to Rona you can actually earn token by growing the platform and inviting others. We also support driving earning opportunities, mining with our TBU idle power or and supporting whenever a news game coming to our platform.
Future of Rona
You guys, if you are holding your holder of Rona game console, you're going to get incentive from that too. And of course it's an all in one webp platform we have. It's going to be built in wallet mining tool. And note that generally what Rona is doing right now and excitedly to learn about other projects on Spade right now, today and let's keep it going. Awesome. Thank you for that Rana. So let's go ahead for token deals.
Token Tales Introduction
Hello, you can call me Gigius. I'm a founder of Token Tales and we're building play to save gaming franchise with the solar on cats and our game has five virtual cat shelter to adopt your NFT cat which will cat home to take care of your NFT cat per quest adventure platformer game which is already released to find the Treasury Catbasters NFT game which is live already on both Telegram and browser versions of our game. And right now we're working on Clash of claws PvP skill based multiplayer game to challenge all players that introduce also PvP staking mechanism.
Token Tales Goals and Future Plans
And our platform has several goals. Our primary goal is to save cats in the shelter, real ones. And our core milestone right now is to grow globally and onboard each shelter in the world. To launch cats on our NFT cat shelter. And our secondary goal, which we are already doing since the beginning, is to make our game as exciting as possible. And we have launched our gaming hub on both Telegram and browser, but we are planning to launch on Apple App Store and Google Play Store as well.
Seeking Partnerships and Success
We're looking forward for co marketing activities and we already have 16 partners. We're looking for more for sure. And the core thing was, in order to succeed, it's a must to make the game as exciting as possible because if it's not entertaining or doesn't have any real utilization from token perspective, it won't work. Thanks. Awesome. Thank you token tails guys, make sure to participate.
Call to Action
I mean like try to partner up with token tails because they're really building something amazing. And maybe Rana and token tails, you guys, because you both are in a gaming ecosystem.
Introduction to Rechart from Stability
So now let's go for Rechart from stability. Go ahead. Hey everyone. Happy October. Yeah. I'm Richard, co founder at stability World AI. We are a one stop gen AI platform, an AI hub for web three. So obviously everyone has been trying out the AI tools that have come onto the market the last few years, but all of these have been centralized. We've created a completely web three ecosystem for people to be able to create text to image, text to video and a lot more and the same time earning rewards both for consumers and for businesses. So just to give you an idea of some of the things we've been doing, so last summer, in September, 67,000 people joined our platform using our mini app and our web app to create AI images and videos. So we've now created more than 261,000 AI artworks in total. And a lot of people have been getting involved knowing that not only can they access these tools in a cheaper and more efficient way, but they're going to have, there's going to be a great reward ecosystem after rtge as well. Awesome.
Introduction of Masterpop
Thanks, Richard. All right, so I'm just adding as a speaker, mayor from Masterpop. Let's see. All right, you can go ahead. Mirror. Hello, mayor, you there? Yeah. Hey guys. Awesome. All right, you can go ahead and introduce yourself and the project. Okay, thank you. I was experienced issues, I wasn't hearing anybody apart from the host. So actually I'm a marketing head of Masterpop and Masterpop is a p two e game that aims to create the most relaxing and enjoyable game out there. Features, image, three concepts where you have to match elements to clear, just like in the popular game, like candy Crush. So, actually Masterpop is a safe one game just there for you to relax. And it's also a p two e game where you end and pop points that can be exchanged for the native token. At the moment we're currently dropping Asia pop tokens for partners. So which and those here pop tokens are in game tokens that can be used to play the game. So if you have those tokens you can play the game and accumulate those pop points. And when the TG is live minutes you'll be able to exchange those points for the native token.
Details on Open Beta and Token Launch
So right now we're preparing for open beta and that's why we are actually airdropping these tokens to partner. So right now during the open beta, we are not going to be, sorry doing the main net, but not going to be dropping these tokens anymore. Because the only way to get this token is to burn the, burn your native tokens to get those CM pop tokens. So if you are here now, it's best for you to accommodate these tokens now so that you won't have to burn your tokens to get this token. Yeah, thank you. Awesome. All right, thank you for that. Thank you. Thank you. Thank you. All right, so tells bot, I think I'll try to invite you to become a speaker again and hopefully you can, you know, accept that or if not you can request. All right, let's get on with our, you know, topic, with our questions. And really for like the past three spaces, what we have been doing, we try to really, you know, make the spaces really short but really educational and impactful.
Discussion on October
Right, so now for our first question, what is October for you? Alright, so it can be, you can share about maybe a memory on how October was for you in the crypto space or maybe what has it been like with your project every October? If you've built, if you've been building for a few years now. So something like that. So maybe rona start. Hey, so October, right? Yeah. It really brings me back to 2022 when, you know, the whole market crashed and it went a little bit crazy. Back then were trying out. Back then I was trying to like building a lot of stuff just to get to the market and see like, and try to find the opportunity and during the whole market. But this year 2024 is quite interesting because recently you can see like the whole market has went greener and there's a lot of potential out there, easier potential out there for every builders.
Opportunities in the Current Market
From the builder perspective, we can have more innovation or incentive to release our product, getting user to try out our product, try out a product, giving, taking feedback while there's still potential to, you know, get the fortune out of it. And to be frank, after I've been to Singapore for the token 2049 and really bullish on the Solana foundation and what the space, the information, the space they did there is really crazy and it keeps giving more, let's say momentum to the space. And after that everything just went crazy. A lot of projects launched on Solana and yeah, Rona is going to be the same. We are really bullishing on Solana bin and whatever they are doing over there. And for the community of Rona, we gonna align with that. And yeah, I think that's the general idea of what October is to me is a really big opportunity to do a lot of things. Awesome.
Reflections on Current Trends
All right, thanks for that. Maybe token tales can share what is October? Yeah, October. The beginning went sideways into Beertober but I believe it's coming back to Booltober as we see it's cool down. But the community actively went up which is great. But don't worry as cat vampire is coming so make sure to follow talking tales as it's all around cats. And also I talked with over 100 people to get insights on market condition and November and December will kick things up like we haven't solved real bull run yet. It's just a tail which starts with token deals. Thanks. All right, that's great. I see what you did there. So yeah, maybe recharge from stability.
Richard's Take on October
Sure. Guys, I think my biggest belief on October is that it can be a self fulfilling prophecy and that's why often works, especially for the last few years. There's nothing magical about this month apart from people do believe that summer can be a bit quiet for various reasons. And as we come out of summer in most countries around the world, we should see net new activity. But we also need to really bear in mind the macro environment, what's happening with interest rates, what's happening in the election cycle in the US, what's happening around the whole crypto universe this cycle. And so I'm very cautious at the moment. Now, most of the data from previous years shows that the second half of October is where well see a lot more positive price action. I do think theres still some deals to be had. Im still very bullish on bitcoin.
Future Predictions and Cautions
Everything else can be a little bit more. Everything else has to be considered very carefully and on its own merits. We know theres still a lot of great projects out there. I also was at token 2049 a few weeks ago and met so many real quality builders who are actually innovating in this space. But there is still an awful lot of poor quality projects and noise out there as well. And investors need to be very careful what theyre jumping into. So I think Im cautiously positive. I originally was hoping for 100k bitcoin at the end of this year. I'm starting to push that prediction into next year now maybe q two or q three. But I do think this is just because enough people believe in October we will see some positive price action towards the end of the month. Awesome.
Market Resilience
All right, how about Mir from Masterpup? Well, it's so great to see how many people are still bullish on bitcoin despite the recent happenings, political happenings like the Iran is really war, you know, when it's, when Iran, you know, just sends those missiles, just permitted the whole market and dumped bitcoin below 59k. But right now we can see bitcoin is racking up and this is good for me to hear the positive and the bullish, you know, the bullish market sentence. Yeah. And we hope to see more of that. And I'm hoping on more of old coins and altcoins majorly are going to, you know, pool that. Yes, this is up to October. And as I agree what Richard said, bitcoin is going to, you know, shoot up to me new ach by next year and we hope to see that and.
Reflection on Past October Trends
Yeah. Awesome. Thanks for that. All right, so for me, October, well, historically, prices every the month of October for the past, you know, I think for the past six or five years has always been like mostly positive. There has been two years. I think that is like negative in terms of the price. But something I think significant is that back in 2022 October, we hit kind of, I think the lowest price is around eighteen k to nineteen k in USD for bitcoin. And then going to 2023 October, like were at around like 35, 30k, right. Kind of like for like most of the technical analysts, experts out there, they said like that was kind of like the signal for the, you know, the pull cycle that we are having right now. And I think, I do believe that, you know, we are in the middle of like the bull market and definitely prices from here on would definitely go up for me. So for our audience, basically that's it.
Positive October Outlook
October is really, you know, they call it October because every like month of October we are we always end up, you know, in a positive. Right. It means we opened above, I mean, we closed above the opening price.
Historical Context of October
That that's what makes, you know, October really, like, historically bullish. Okay, now for our next question. This is something I think, you know, maybe could have been asked a lot of times already, but I, we love to have this, you know, every now and then in our spaces because this really helps really, the audience to relate on how you guys, you know, maybe started out with crypto. So with this question I would like to ask and get to know what are the three things you can share to our audience who is just starting out in crypto? Guys can, you know, try to maybe explain it more, or you guys can just maybe just list it down, you know, and maybe give a few details. It's up to you guys. But, no, just maybe share at least a minimum of three things. All right, maybe Rona can start.
Advice for Beginners in Crypto
Okay. Yeah, sorry, guys, just, lost a little bit of connection. Kate? Yeah. Can you repeat a little bit last deck? Yeah, yeah, for sure. For sure. So what is like the three things you can share to the audience who is just starting out in crypto? You know, like they're just imagine they are newbies. How can they get started? Maybe you can share three things for them. Sure. That's gonna. I think I want to share four things. I repair three, but there's things that just kind of come up in my mind is that make sure to get, the very first thing is to make sure to get the very safe wallet and always never share your private keys. I think that's the very first thing everybody needs to learn because I have experienced, not personally, but I saw some of my friends, they did really foolish move when they public the seed phrase, even though it's just like one or 2 seconds, but their assets just went poof like that in seconds.
Safety and Learning in Crypto Investment
So make sure to keep everything safe. And now the next thing I think is that make sure you start it small and really slowly. So I see a lot of people that see market web three, market is really like really an opportunity to turn your lighter, light time, fortune in one night or something. But that's really like a really small cases and it's not going to happen all the time. So only invest the thing that you can afford to lose. And make sure always to invest in yourself by learning more about the market, knowing how it goes, especially on the defi section, because Defi is basically the core of whatever we are doing in the market right now. So make sure to start small and learn by yourself. And also always keep yourself heads up with the market trends and the market news because there's a lot of opportunity in the space and the space is moving really fast.
Navigating the Fast-Paced Crypto Market
So we need to catch up with the momentum of the space. We need to. We always want to be the first. So learn a lot. Get yourself like, understanding about the basics of everything first, and then pick a calories. Let's say personally, myself, I pick a carries of game and defi because I grew up with gaming, like, I grew up with gaming where I live. And Defi is where what the thing is like driving the whole thing. Web three. Yeah. And last but not least, diverse. Your portfolio. Don't put every egg into one basket. Is kind of risky. Yeah. Awesome. All right, thank you for that, Rhonda. How about token deals? Yeah, it's the most important thing is to stay up to date and also stay out of date trading because leave it to professionals.
Investing Wisely in Crypto
Because you can just simply beat the market. Start with investments in blue chips, but also diversify and find a project in which you really believe in. Don't listen to anyone if you have deep beliefs and good intuition in what you believe in, because graphs and metrics won't help you to outperform a market as market makers will kill your gains. Keep holding and it will work out. Basically, just make sure that the project in which you believe in makes up to your expectations, reaches its goals and is active and social, and keeps burn rate low, which is really essential for every project. But then forget about studying the tokenomics of a project that's a core things in which you should look into. Awesome. I really like that about tokenomics and day trading.
Exploring Various Aspects of Crypto
All right, so how about recharge from stability? Sure. So I think the other panelists have already shared a lot of good advice when it comes to the sort of security and the investment side of things. So I think, for me is that I want new people coming into crypto to understand that it's not just about trading and it's not just about getting rich. Of course, a lot of people are here to try and get rich, right? But crypto is not just about money. Blockchain is decentralizing a whole range of businesses that used to be done in the real world or in even the web two virtual world. So follow your interest. You know, if you just want to play games, you don't have to be trading the coins.
Participating in the Crypto Community
You can play some of the. Some very interesting blockchain games and be a part of that community, own the assets in the game. If you want to stop playing the game, you can sell them, right? Or if you want to get. If you want to, if you want to collect nfts, right. Some people still do that even though it's 2024, right? Yes. It's quite different to last cycle, but there's a lot of people who are still in it for the art and the community aspects. And if you are going to get into. If you do want to be a trader of some level, understand that, yeah. There is no quick way to becoming a good trader. It is a long journey.
Realistic Expectations in Trading
It is a full time job to be a proper trader and have realistic expectations and be very careful with how much you're willing to spend. Don't rush in to a lot of all the exchanges will be offering you 50 x 100 x leverage. And if you're new to, not just, if you're new to crypto, if you're new to trading, you are going to get wrecked so fast. So stick to spot trading, investing for the longer term. Start with bitcoin. Look at some other projects out there that you like. If you want to play around with a meme coin or two that you feel passionate about, just be careful about how much you invest, but think more broadly about what is it about crypto that excites you.
Understanding Emerging Crypto Narratives
We have some very interesting narratives that are very powerful at the moment. Be that deep in, you know, really learn what Deepin is, what it can do. There's a lot of projects that are over promising as well, so be careful. The RWA real world asset narrative has been beating its drum now for a number of years. My thought on this is that RWA is going to be huge, but it's going to take a much longer time than most people realize. So maybe it's a 510 year story, not a one two year story for most RWA projects, is my personal opinion. But I think Deepin is going to bring some real projects that add real value to users much faster and is an interesting one for people to explore.
Cautions in the Crypto Landscape
But there's many other narratives out there as well. But those are two of the most interesting that I find. So just be careful. Don't watch out for some of the moon boys on YouTube who are telling you to pump and dump the coin they've just invested in. And just be really careful. Of course, on your personal security, it's not just about your wallet, it's about your social media access, your email access. Every month someone is going to try and scam you, even if you don't realize. So just be very careful. There are so many clever ways the cybersecurity solutions available to both businesses and consumers in the crypto space are still immature.
Navigating Security and Trust in Crypto
And this is also going to be a very interesting area in the future. So just be really careful. Only use the most trusted centralized exchanges or the trusted decentralized exchanges that have a big following when you'll be, you know, later on you can try out some newer ones. Just be really careful out there and enjoy yourself. There's a reason why crypto will not die and keeps growing. This is the cutting edge of technology community and the financial system altogether. So yeah, have fun. Awesome. I really like that about the advice about central exchanges and you know, how like how it went with like the FTX, you know, drama.
Final Thoughts on the Crypto Market
But hopefully you guys do use the best centralized exchanges out there, you know, maybe whichever that is available. That is in the top ten, top five, right? So, yeah, so it's 36 minutes. We have a few minutes actually left. So let's head on to the next question. So in this current bull market cycle, what would be your best advice to grow your money?
Bias in Investment Opinions
You guys can be biased. All right. You guys may be, you know, maybe putting in to your own project. So go ahead. We can start first with mayor from Masterpop.
Investment Strategies in Altcoins
well, what in my know, in my own opinion, the best way to grow your portfolio is to, just hold on altcoins this season because old coins are really going to, you know, are really going to place the bull market where it's supposed to because of the utility that and the innovation that is coming into cryptocurrency. When I talk with some people and you hear what they're saying, you know, that this project has utility, this project has something that they can bring it to the world and they can use to achieve something, you know, and so when you just, when you see such projects, all what you need to do is just to hold your token. You don't have to trade or use leprosy or whatever, just buy and hold.
Future of Gaming Platforms and Blockchain
Yes. That's what I'm going to do during this program. And most of my favorite is, gaming platforms, platforms like AIG or like your platforms, you know, metaverse platforms and other kinds of metaverse platforms and blockchain. Blockchain ecosystems like Tom. Yeah. So these are really good coins to hold. Now it's going to give results.
Advice on Holding Tokens and Market Stability
All right. Yeah. I'm also like a big believer of alts as well. So maybe if Rona token tales, maybe stability reacher from stability and Masterpop. If you guys already have your own tokens, might as well everyone in the audience, you guys hold some tokens of their project because, you know, it might do like a miracle, right, in terms of like the price. So let's go ahead with Richard for this question. What would be like your number one advice or your best advice?
Financial Advice and Personal Insights
So I mean, yeah, it's hard to give financial advice, right on these things. I think I personally have become more of a bitcoin maxi over the years that I've been in crypto. I used to be a lot bigger on ETH. This is my personal opinion is that the value creation in the ETH ecosystem has moved to the layer twos and I'm no longer holding a big bag of ETH. I'm more excited by the layer twos. In the EVM world. I'm very excited by the ton ecosystem. I think there's still got a lot of room to grow because it's, you know, not because of all the games and the social aspect and those network effects that a lot of the other layer ones don't have.
Cautions in Portfolio Management
So that's, I think that's certainly worth people exploring. There's a lot of. There'S a lot. Of other ways out there. The best of a way to grow your money is not to lose money, right? So. Don'T do too much crazy DJ and stuff. Have five or 10% of your portfolio if you want to get that. Some of those, do some of those riskier bets but keep the majority in the safer blue chips. Look, think long term, dont invest in any token where youre going to need that money next month or in two months or six months to pay your rent.
Long-Term Perspective and Caution
You need to be able to have a long time horizon for most of these projects. If you need to pay your rent in three months and you are forced to sell at a loss and then that token rockets up, you're going to be really, you're going to be doubly frustrated. Not only did you lose money, you lost the chance to make money, right. So only trade with what you don't need to live on and just be cautious. Cautious always. All right, thanks.
Advice Against Meme Coins
Thanks, Richard. How about token tails? Yeah. My best advice would be to avoid pure meme coins with zero utility worth spending millions in marketing. Why? Because we are trying to find exit liquidity like only 5% of meme coin traders makes profit. So keep that in mind because we have huge market making services that we offer ordering and you won't be able to fight that off.
Evaluating Tokens for Investment
And also like most people are looking into tokens who have like low market cap because it has like high potential for growth. But don't forget that full diluted valuation is what matters the most in long term gains. Yeah. So make sure that vesting makes sense and like a logic portion is located to the public so that it won't given to VC's or the random early investors.
Importance of Utility in Projects
Also, if a project has no utilization or real world value, forget about long term gains. That can work for a short term period. But don't forget that in order to grow. That's the key points that must be keep in mind when revelating projects and doing research on what to invest.
Portfolio Management Insights
Yeah, that's it. Rama question. Awesome. All right, thanks token tales. How about Rana? So actually I have the same opinion with everybody here. Is that learning how to manage your portfolio is the most important thing. And don't just being DJ and it's cool. I used to, I used to want to be like a real DJ in real life or any meme coin out there. So trust me, doing this stuff, it's just like playing poker.
Market Volatility and Control
You never know when you have a good hand. But then the whole market just gonna like f you up. So make sure that control your greed and don't spend anything over your head. Yeah, I lost Kyle quite a lot with a person like my age. Yeah. So don't go way too crazy and make sure to control your portfolio and make sure to follow everybody, every project, in this call because we are doing a lot of stuff.
Evaluating Early Investment Opportunities
I don't think everybody launched their token yet. And if you join early, I think you can maybe gain some start money to, you know, do a little bit deepen if you wish to and start to invest wiser. Yeah. Awesome. Thank you for that, Ronna. I'm guessing you're maybe quite young.
Engaging with Projects and Community
All right, so for everyone, for all of the audience here, you guys check out their projects, right? And maybe if they are about to launch their token. Hey guys, there is a power in being early in projects, right? There is a reason why a lot of people invested in 2009 in bitcoin. And it's because they, you know, they see it like a new currency, the digital gold, right?
Community Support and Engagement
But in fact, they kind of like it's, in the end, it's like you're not really sure about it still, right? And I think these projects that we have here on token deals, stability. Pastor Pop, tell Yao, spot these guys, you know, they're doing a lot of spaces. They have a vibrant and strong community and that speaks volume about their project.
Call to Action for the Audience
Right. And if you guys have a chance to check out, maybe when their TG is, or maybe you guys can support them by joining their community, being active, to their socials. That would be really a huge help already. So, yeah, so maybe we can allocate a couple of minutes, 1 minute for each or 30 seconds. any last words, any call to actions for the audience?
Final Remarks and Acknowledgments
We'll start with Ronna again, then going with token tales, stability, then Masterpop. Go ahead. Oh, I think Ronna jumped off anyways. Yeah. So everyone please follow, show some love token tails, stability and masterpop, telly owl, spot and rana, thank you so much for joining us in our drive.
Reflection on the Discussion
13 October crypto basic swift drive. I hope everyone learned a lot and it's really easy to digest, right. But it is really impactful and really, you know, of course, it is very important as well to do your own research. Right. With that, we are now ending our spaces.
Concluding the Event
Thank you so much for the four to five minutes being here. Show some love to all of the projects. Follow them, join their community and partner up with them, collaborate with them. Thank you everyone. And I'll be ending the spaces now. Bye. Cheers.
Final Goodbyes
Thank you. See you. Cheers, guys. Have a good one.
