Space Summary
The Twitter Space Monthly Community Meetup with Co-Founders (Sep’24) hosted by zignaly. The Monthly Community Meetup with Co-Founders in September 2024 provided valuable insights for traders on risk management, community engagement, adaptive strategies, and the importance of staying informed. Discussions revolved around leveraging technical analysis, managing emotions, embracing new technologies, continuous learning, and building relationships within trading communities. The highlights included effective risk management tips, community influence on decisions, adaptive trading techniques, emotional management strategies, future technologies, and the significance of networking in trading circles. Traders were encouraged to focus on clear goals, continuous improvement, and active participation for success in the dynamic trading landscape.
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Space Statistics
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Questions
Q: How can risk management impact trading success?
A: Effective risk management helps traders protect their capital and minimize losses in volatile market conditions.
Q: Why is community engagement important for traders?
A: Engaging with trading communities provides valuable insights, support, and networking opportunities for traders.
Q: What role does technical analysis play in trading decisions?
A: Technical analysis helps traders analyze price patterns, trends, and market data to make informed trading decisions.
Q: How can traders stay updated on market news and trends?
A: Traders can utilize news sources, data platforms, and social media to stay informed about market developments.
Q: Why is it essential to manage emotions while trading?
A: Emotional control is crucial in trading to avoid impulsive decisions and maintain discipline in executing trading strategies.
Q: What are the benefits of using new trading technologies?
A: New trading technologies offer advanced features, efficiency, and opportunities for improved trading performance.
Q: How important is continuous learning in trading?
A: Continuous learning allows traders to adapt to changing market conditions, strategies, and technologies for ongoing success.
Q: What are the benefits of community networking in trading?
A: Community networking fosters collaboration, sharing of knowledge, and access to diverse perspectives in the trading ecosystem.
Q: Why is it crucial to set clear trading goals?
A: Clear trading goals provide direction, focus, and a roadmap for achieving success in trading endeavors.
Q: How can traders build rapport within trading communities?
A: Building rapport involves active participation, sharing expertise, and engaging in discussions and collaborations within trading communities.
Highlights
Time: 00:15:42
Effective Risk Management Strategies Exploring practical tips and techniques to mitigate risks and protect capital in trading activities.
Time: 00:25:19
Community Insights and Trading Decisions Discussing how community feedback and insights can influence trading strategies and decisions.
Time: 00:35:55
Adaptive Trading Techniques in Dynamic Markets Adapting trading strategies to changing market conditions and unpredictable trends for successful trading outcomes.
Time: 00:45:30
Emotional Management in Trading Understanding the impact of emotions on trading performance and strategies for emotional regulation during trading.
Time: 00:55:17
Future of Trading Technologies Exploring the evolution of trading technologies and their role in shaping the future of trading practices.
Time: 01:05:42
Continuous Learning in Trading Emphasizing the importance of continuous education, skill development, and adaptation for sustained success in trading.
Time: 01:15:28
Community Networking for Traders Benefits of networking with peers, mentors, and experts within trading communities for shared growth and opportunities.
Key Takeaways
- The importance of risk management and diversification in trading.
- Leveraging community insights for informed trading decisions.
- Adopting adaptive trading strategies to navigate volatile markets.
- Utilizing technical analysis tools for market analysis and decision-making.
- The significance of staying updated on market news and trends.
- Building relationships within trading communities for shared insights and opportunities.
- Benefits of setting clear trading goals and strategies to achieve long-term success.
- Understanding the psychology of trading and managing emotions during market fluctuations.
- Exploring new trading platforms and technologies for enhanced trading performance.
- Embracing continuous learning and adaptation in the ever-evolving trading landscape.
Behind the Mic
Initial Greetings
Hello? Hello? Hello? Hi. Can you listen to me? Yes, I can hear you. Hey, so long. Not see you. So long. I have not seen you for a very long time. Yeah, yeah. Like 30 minutes. 30 minutes. Yeah, exactly. So rare to. So rare for us to say that. Yes, totally. Tolle you there? Yes, now. Perfect. I was talking alone. I was saying. Yeah. Winter is coming, guys. Winter is coming. Yeah. Okay. We can give a few more minutes. Yeah, we can wait for a couple of minutes and then we can start. Okay, perfect.
Location and Starting Point
Are you still in the co working, Rafael? No, I left. I'm in the hotel, I think. Let's start maybe quickly. Let's start. Okay, perfect. Cool. How are you doing, guys? Welcome to a new edition of this monthly meta. We are happy to share updates, to answer question from the community and talk a little bit about trends. I haven't been following trends lately, but I'm pretty sure that you are super updated. So I think we have a lot of assignment. Yeah. Excitement about the staking program that we launched. I think we can spend some time talking about it. How has been so far? I'm checking out the data.
Staking Program Discussion
I'm not sure if everybody's aware, but if you go in the staking program landing page, if you go at the bottom, you will find a link. It saved data. And there you can see all the activity. You can see how much is staked, the korean apy and everything. Yeah, I mean, we are really close to 200 million. Yeah. And we started BNB chain staking as well a couple of days back. That's picking up really well because we got this community feedback, especially from Turkey, that, you know, most of the people actually have their tokens on BNB chain and they didn't want to bridge to ERC because it's expensive, you know, send to exchange and then swap. Right.
Engagement with Community
So I think we've launched this. We already have almost 150 people that have staked and it's growing. We already have a campaign also running that. The first 500 stakers on BNB chain, they're going to get a particular kind of airdrop. So, you know, that's also increasing. I think just half an hour ago, Ziggaard did a new integration with Tartsu. And that is like, I think a $25,000 worth of tarts who airdrop coming for the stakers as well. So far, I think almost 250,000 or I think $300,000 worth of airdrops have been done for stakers with zig chain card integration. So I think staking program is doing really well, you know, almost 200 million tokens, which is almost 13% to 14% of the current circulating supply.
Event Participation and Experiences
And I think it will just grow. So that's great. Yeah. It'S looking really good. Yeah. I think there are. We can comment later a few questions. That is already in the staking program, but I think what everybody excited that is waiting is regarding these last two events that we participated. Token 2049 Solana breakpoint. But I was thinking. Let me see. I was thinking that maybe. Arsalan, you want to join the talk? Yeah, if Arsalan is here, I think we should invite him to talk. I see him here. I'm not sure if he's listening. I'm sure. Let's give him a listening. Okay, who is the admin?
Maintaining the Flow of Conversation
Edmund, can you give him the speaker rights, please? Nanko stolen. Let me, let me. Okay, they are asking Arsalan, 1 second. Hold on. Okay, I think he's coming in perfect. Easier. So maybe you can start because you were there too. Hey, how are you doing? How are you? We have time. We have not seen you in a week. We are missing you. Exactly. No, no, all is good. If you guys just give me two minutes, I'll join from my desktop right now. I'm on my cell phone. Yeah, just give me two minutes. Yes, please. Sure. Perfect.
Insights About the Event
Maybe you can start giving your impression, your feedback from the event. And then we pass to our friend who was super excited. Yeah, sure. Tell us how it was. So I will not talk about the from the zip change perspective. I will let our salam talk about it, but I'll talk about from the overall sentiments perspective. I think this time Togo 2049 was really something, you know, I think it was huge last year in September when it was beer market and it was huge. But this time it was huge at a different level altogether. Like, I have not seen a bigger conference than this, at least not myself.
Community Engagement
And I saw that everyone meant business. It's not like a fun fair like Dubai, you know, where everyone is like, yeah, my friend was coming, so I came in. No, people traveled and, you know, invested a lot of money and coming there, you know, going to Singapore is expensive. Hotels were shit expensive, you know, everything is expensive in Singapore. So people made an effort. They were like 25, 30,000 crypto people, you know, there. And interestingly, this time Solana breakpoint also happened the next day, which I found very interesting. That Solana community has really upped the game in a way that they were known to be meme coiners.
Positive Community Sentiment
But what I saw it there is like real developers working on different DeFi products. USDC guys were very active there. So broadly speaking, you know, the sentiment was very neutral to positive, and I think the VC's were very excited, met a lot of people. But okay, I will not speak more. I think Arsalan is here, so maybe we hear him out about his experience, because he was technically, you know, leading our team as one of the, as Ahmed did not get the visa in time, so Arsalan was practically leading the team. So, yeah, let's ask his views.
Arsalan's Feedback on the Event
Yeah, so, hi, guys, thanks for having me, first of all. So I think breakpoint, probably the best breakpoint or the best conference I've ever been to. The Solana's major focus this time was mainly around selling their new upcoming phone, to be very fair. But the general vibe over there and the developers was insane. The kind, the way the community has gotten together and it was everybody else pitching Solana rather than Solana pitching themselves. It was that kind of a situation. Met a lot of great developers, met a lot of great teams. I think everybody is very excited.
Making Connections
Whenever I was sharing my own vision for Zignali, everybody got excited, made a lot of contacts. In that sense, I think we'll be keeping ourselves busy for the. Till the time we go mainnet with regards to our developer relations and everything. So thumbs up on that. But I really did feel that the way the community has gotten together for Solana, and we see some sort of snippets in our own community in that sense of where the loyal ones are still with us for times and times. They've been through the ups and downs. And I think just keeping it on breakpoint Solana is a testament to a community coming together, making sure that the projects, they survive the worst of their low points, and pulling out into becoming, you know, the household name, which Solana is really working towards.
Questions and Insights
So I think overall, I have a question for you. Yeah, sure. I have a question for you. So, obviously, you know, like, I saw you and, you know, other team members like Ehsan and all you guys spent two days in breakpoint end to end. Like, you guys were there for ten to 12 hours each, and then you were there for after events as well, and you were just, like, there, and you were very happy. But tell me something, like, generally when the other blockchain people, they go into Solana, they come out abused and bruised, okay? People are like, fuck off. Okay, fuck off. We don't want any other blockchain.
Insights on Community Dynamics
But you guys went in deep, and I can. I saw people coming out saying, oh, Zikchain is something. What was your message like? What were you talking about with the Solana people that had you know, like, why did they listen to you? What's the game? So tell us more on that. Okay. Okay. So the first thing that goes with us is our six years of being, you know, grinding in the space, building a product which has an actual use case. Solana so far has basically ran through against Ethereum for being the faster, being the cheaper blockchain.
Focus on Use Cases
We are not looking in that direction. And when you talk about use cases, the kind of vision that we have, we are actually putting some meat on the table for everyone. I think the overall Defi space has gotten to a point where the Ui UX is user friendly.
Understanding of DeFi and User Engagement
People now understand it better what it was three years ago when were, you know, memeing or shared coining together. So things have really gone forward. It has become much easier for any user to come and do all of this with our signaling protocol. I think the punch was that when with DeFi, it allows us to manage third party funds, or manage funds, for that matter, in everything that DeFi or decentralized has to offer. Like, you could be a gamer, you could game. Like, you know, when I was talking to a guy who, a team who was building a game on Solana. So when I mentioned the fact that, you know, you'll find very few web three gamers out there, but those who play games are actually very good at it.
Incentivizing Investors through Gaming
So how about we allow a certain mechanism where you could just manage third party fund in playing the game, and in return, give a return to the investors that have invested with you. Now, Zipchain will have that on a very basic level because that's our flagship project. So, you know, things like that kind of really raise some eyebrows. The developer side that I spoke to, they were very keen, because everybody understands that Solana cannot exist in isolation. The cross chain or, you know, interoperability is the way to move forward. And even the Solana builders understand that right now, what Solana is being kept isolated is the fact that it is built on a completely different mechanism.
Challenges of Solana's Blockchain Mechanism
It's a monolithic blockchain. So you can't use modular levels to integrate different areas of blockchain together and make it interoperable. So they, a very huge crowd is only focusing on getting Solana linked with other blockchains, such as cosmos, ethereum, and so on and so forth. And I think that was their major pain point, which made them feel that, okay, we have to look, you know, outside of Solana to bring in, or I would say not to bring in or out, but to share the liquidity that each blockchain has. And I think that was, you know, that side of the conversation really intrigued everybody that I spoke to.
Community Resilience in the Crypto Space
Interesting. No, that's super interesting. So, like, okay, so that's on the Surana breakpoint side. And I think. I think basically what you're saying is that there are so many blockchains out there and there are so many coming out that we saw, but what we are saying is that just because, you know, not just because, but it's just that the narrative is so strong. And the problem that you're trying to solve with the blockchain is something that the real Degen Solana dev community is also vibing with, which is a very good sign, I believe. Yeah, basically, I would put it in a different way. I would say that it is, at the end of the day, the community, the people who have stuck with Solana for the last three, four years, been through the FTX crash, you know, still kept on building.
Impact of Community Commitment on Projects
There are projects who launched while the FTX crash was happening. They stuck with Solana and now it's paying them off. So at the end of the day, I would say that it's the community that matters the most for all the projects that we interact with. And if the community is there, then there is always room for growth in the future. Awesome. Now, tell us more about Token 2014 and how was the overall experience on the sponsorship side? Tell us about the booth. What did you guys do there? Yeah, so we had, I was blown away by the kind of response that we had on our booth.
Response to Token Events and Brand Recognition
Like, everybody wanted to know who we are, what we are doing. Majority of them actually had heard of us. This is like, for me personally, it was the first time I experienced that people were coming to us telling us that, oh, I'm holding signally. We know you guys are doing a good job and so on and so forth. Like as compared to April, when went to Dubai for Token 49 there, were trying to, you know, there was an effort from our side in making others recognize us. Right now at Token 49, the booth, you know, kind of gave us that eyeball that we wanted, I would say. And I was blown away completely.
Significant Growth in Conference Experience and Engagement
All the side events, people were coming to me and, you know, telling us, whenever they read Zikchain, a few people even asked, is dictionary related to Zignali? And I was very happy to, you know, see that people know the brand signally already. And when I told them that yes, we are the blockchain layer for signaling, so, you know, that kind of intrigued them. They wanted to know more, exchanged contacts. So a lot was happening. But token 49 in general I think was huge, much bigger than what we've previously seen. I didn't go to the last year, Singapore one, but I was at the Dubai one and it was at least ten times bigger than the Dubai.
Overall Impressions of Token Events
Yeah, at least ten times. At least ten times. There was nothing in terms of the. Number of booths that were there in terms of, you know, the overall vibe that came out. People had flown in from everywhere this time just to, you know, attend the conference. So amazing experience in general. So you and team would be busy I think over the next six months. I think going into the, the meaty part of easily we got so many. So you have all the right ingredients. It's been a week. We are still compiling all the leads that we got in and it's becoming a problem because everybody, like at the conference, I was telling them, let's have a meeting next week.
Managing Leads and Future Opportunities
By the second day I had raised that number to we'll meet over the next two, three weeks because I knew that I couldn't fit in all those people in just one week. Even if each individual from the team goes and meets different people at the same time, I think one week or two weeks would not be enough to compile all those. So great experience overall and I think a big boost to us. Absolutely. I think the best part was when people came in searching for us, you know, exactly.
Community Impact and Team Performance
That was like the most satisfying part when, you know, like there was a holder from this community and from Nigeria and who is developing adapt now. He literally came looking for us and he was like, he was showing his, you know, his wallet and stuff and he was like, I'm building, I'm going to build on your chain. And he already had a project name and, you know, everything figured out. But that was most satisfying thing and I think I must again appreciate, you know, the way you actually came and, you know, took the leadership position there in the last moment because we had a setback. We were like kind of understaffed.
Acknowledgments for Team Contributions
But I think you and the team, I think overall did a fantabulous job and I think we will see the results in months and years to come. No, no. Shout out to Ehsan and B, for being there. Shout out to you and Bilal for, you know, leading, guiding us, but amazing experience overall. Awesome awesome. Great. Bart, back to you. Nice. I am super excited for what is coming.
Future Prospects and Project Excitement
I heard that there is a lot of builders and we can expect they were excited also about what we are building. So I think we are going to create an interesting ecosystem for those. As Salon said, we are not competing for speed, we are not competing for chip transaction. It is not that we are going to have a slow or expensive blockchain, but this is becoming a commodity. At some point, everybody will be almost the same speed, almost the same price.
Innovative Approaches in the Crypto Space
But we are trying to do something here. We are providing this investment opportunity for everybody. And this protocol that we are talking with, we are partnering with are going to be able to put this deal generation opportunities to the disposition of the masses. Throw scenario protocol on Sigchain. So super excited about that. Cool. Thank you very much, Arsalan, for the summary. I hope that everybody's as excited as we are.
Discussion on Trump's Crypto Initiative
I have one topic. I have one topic that I want to ask David. You were telling me before about this crypto plan from Trump. What can you tell me about that? So, okay, so I didn't research indeed, but I was checking some news from, I think, the last two weeks, something like that. And it looks like Trump want to create a, you know, I think the foreign will be on a chain, but looking for, you know, like the freedom or something like that.
Trump's Crypto Plans and Market Strategy
But the idea behind is to launch somehow his sons, so to lead that. And I'm not sure if this is something, you know, good for the ecosystem or is not because he want to use the contacts and, you know, the position to just, you know, get some money from a new exchange or. No. What do you think, guys? It's a crypto project. I think it's called World Liberty. Yeah.
Understanding Trump's Crypto Initiative
And they opened a whitelist, I think two kind of whitelist. They have opened one for the US accredited investors and the other one is for non us people who have to do the KYC. I think too much details are not there. I think it's a good election campaign thing. Crypto is trending young population is tilting towards Trump a little bit, I think, and then bring a crypto essence into it.
Marketing Strategy and Business Insights
You have Elon Musk already, so you have crypto Twitter. So, yeah, I think it's a great. It's an amazing marketing stunt. Whatever they do like, Trump is a businessman. If it makes a business sense, he will do it. You know, he won't shy away from good business. That's. That's what he talks about. You know, even between countries.
Crypto and Business Dynamics
He says that, you know, let's do business. War is not a good business. Maybe. Yeah. Or maybe if it is, then he will do that as well. But, yeah, I mean, when it comes to Trump, he's just a businessman. I think he will do anything for that. Yeah. For money, which is good for cryptos, to be honest.
Potential Impacts on Crypto Adoption
If you ask me. You know, getting a president of America to run a crypto project, I don't think there can be a better adoption than this. Right? Because if I remember when he was president before, in the last tenure, and someone asked him about bitcoin, and he was like, yeah, I'm not a big fan. I don't hold bitcoin, blah, blah. And from that to having a project of his own, I think it's a win for cryptos.
Reflection on Trump's Changing Stance on Crypto
No doubt. I agree with that. Yeah, yeah. So, yeah. Don't have much details on that, honestly. I just know that his son actually does a lot of meme coin trading. By the way, he launched a couple of meme coins and even rug pulled that. Yeah, yeah. What does that? I think. I'm not sure if maybe Tolle lose the. I think Tolle is on.
Final Remarks and Future Discussions
Yeah, now he has his browser flow. Yes. Okay. Okay. It's time now to do whatever we want. No one can stop us. What do you have in mind? You want to sing a song or something? No, I got a singer. Come on. Come on. Try your luck. Try it. No, I know you sing using. Come on. You do bathroom singing.
Lighthearted Ending
I know that. Shower. Singing.
Investment Focus on Zikchain
If you are one of those early investors in what? In trump thing. Not me. No, no. Not me. Not on this one. No. You know, I am in the phase where I want to put every penny of my investment where it benefits Zikchain. Otherwise, I'm not gonna invest. And being very honest here, any. Any project that I invest now, it would be the project which brings something to Zikchain else. I don't care. I'm done with anything else. I'm being very open here. So any founder listening to it, come build.
Team Retreat in Portugal
Okay, so I think for the last part of this space, we are going to share with you guys. We are right now in Portugal. Half of the team of the total team of signaling is in Portugal. We have a retreat here where people are working together. We are the whole team lead came here. We are having this planning session looking at 16 in ten years, in three years, for the next year. So there are big plans for what we are expecting to do and. Yeah. So how are you finding the retreat so far. David, you know, I met for the first time with people that is with us for years, so quite happy for that. I think it was one of the most exciting things. You know, see the people and the energy and everything from everyone in the company. I think it's really amazing. Yeah, that's very true. We have been working with a lot of people for so many years. It has been the first time that we see some of them. How has it been with you, Rafael?
Positive Experiences at the Retreat
Same. Yeah, absolutely. Like, you know, for example, Natalia, like, she's one of the core, you know, persons in the employee in the company been working for years and I've never met her before. And same goes for many others. So I'm super excited. You know, it's our, technically our first day here today. I think next four days are going to be very important. They're going to set the direction for the next quarter, next year. So, yeah, you know, like on a very serious note, this is very important. And I think I. What we achieve here, I think we have the right ingredients. I think we just need to cook a very nice dish out of this. And I think we have very good alignment. I think. I think the market is conducive. I think we are well funded. Right kind of people in the team. So, yeah, and as David said, right, essentially we are remote people. But it's amazing when we get to meet people, share food with them, share the same desk, have a live chat, you know, that always is special.
Appreciation for the City
So, yeah, it's amazing. And yeah, must say that this city is freaking beautiful. You guys have picked an amazing place to live, you know, and it's. The weather is amazing, you know, it's. It's a beautiful place to be. So now that you mentioned about this is about remote, and I think you are more used to working an office environment, right, rofe? But yes, exactly. How has been for you this, David, the office versus remote? You know, I'm not so much that kind of person that I prefer an office and to be in front of the people all the time. But it's needed. I mean, you need to see sometimes you need the faces to feel the energy of the people and to be in front of the person that you are working with. Not all the day, I mean, but yeah, this kind of connection is totally needed.
The Importance of In-Person Connections
And it's by far not the same having a call and even that you put the camera or whatever than the feeling that whenever you are talking with someone in front of the other person. So it's totally different. Yeah, yeah, no, absolutely. I worked in both kind of settings in different organizations. Even at this point in time, you know, like there are some physical conversations and physical teams and then there are remote teams, but I think the efficiency wise, if you create right processes, you get the job done. But when it comes to the humanistic angle of it, you know, where you want to create relationship with the long term colleagues and employees and the partners of yours. I think this is where the. I think meeting them is important. In fact, I think, Bart, were talking about it last time when we met in Dubai, that for the first four years, I think we met for two times, but I think in last one year, one and a half year, I think we met like what, eight times already.
The Value of Relationships in Business
I think something like that. So. Yeah, exactly. So even at like the top level, we are trying to increase it more. It's always special, in my view. Yeah, yeah. It has been a little bit for closing some deals, big deals that we have. I remember we need an excuse. We didn't excuse, basically. So I remember back in January this year that we meet also, were a smaller team. We have grown a lot. I think we have doubled the size of the company in this few months. But it was interesting because we are still. We are still kind of living from the planning that we did back in January. So these sessions, this alignment session, this planning of the year are very interested and very profitable in terms of keeping your focus alignment with the company, knowing the people. So I'm expecting big things from this retreat that we are having here. I hope that the community start perceiving these things very soon.
Community Engagement and Questions
Okay, so I have some questions from the. From the community. So if you don't want to add anything else regarding what we have commented, any trending or news out there, I will pass to them directly, starting with NY crypto. Yoshi for Rafael. How will the worst generation quest integrate with the system future on 16? And what long term strategy do you envision for ensuring sustainable growth for the community? Should we ask Emmett to answer this question? He's on call. I think you just want to skip the question. Right? But I can answer. I'm giving audience to more people. Sounds good. Sounds good. Ahmed is here. Ahmed, are you available? Edmund, can we please. Emmett? Yeah. Edwin, can you please give Ahmed the mic? 1 second. Let me see if he doesn't come in a minute. In a second, I will respond.
Engagement with the Community
Okay, let's ask. I'll count to ten, else I launched answering. Okay, he's coming. Okay. Okay, he's coming. Good. Is he coming? He's coming. Not coming. Coming. Okay, I'll start answering. So the question was that how would it integrate into the community? Right. So how will the world generation quest integrated with the system features on 16 and what long term strategy do you vision for ensuring sustainable growth for the community? Yeah, so obviously this is like the quest that we are creating is basically, as we explained before as well, that it's part of our testnet journey going into the main net.
Designing the Quest and Looking Ahead
And over the years we have seen that many blockchains have launched with like very single point agenda to drive on chain transactions by hook or by clock. And, well, when the blockchain launched. Okay, Ahmed is here. I think I. Hello, can you hear us? Yeah, I can. Hello, guys. Hello. Hello. Okay, so, okay, the question is basically there are two parts to it. One is regarding this, the world generation quest and how it sort of relates to what we are building on the chain. So do I have that correctly? Yes. Okay. More or less.
The Wealth Generation Quest
Okay. So the wealth generation quest is essentially, you know, we have done a lot of analysis in terms of how different blockchains, they do their testnet experiences and we find them very bi, we found them very binary in the sense that, okay, you know, there are a lot of tasks that you can do which helps stress test the blockchain. But, you know, there is really, there is opportunity lost in terms of trying to educate people in terms of a mission or in terms of what they are losing out on or what other opportunities that they may have and to really gel in a culture around a common mission and like a focus.
Gamifying the Experience
So the way we are designing the quest, I don't like to use the word testnet, but the way we're going to do the testnet is going to be in the form of a gamified quest for which we have partnered, as we shared earlier with the Octalysis group, the game plan is that you are going to have this experience of not just trying out the different applications on the blockchain, but also a sort of competing with each other and then pulling each other as well. And this is very important. Most of blockchain and crypto is a player versus player game where someone has to lose for the other person to win.
Transitioning to Mainnet
What we are playing is what I like to call the wealth game, where the more people you bring into the game, it ensures that more and more people win at the same time. That's really how we transition to Mainnet and how everything connects to Mainnet because everything that we're going to be doing on testnet, you are not only going to be able to do all of that on Mainnet itself, but more. And really from this whole activity, what we're looking to find are those community leaders who will then empower the next generation of leaders to continue this mission that we have of finding equal opportunity, of providing equal investment opportunities for everyone, regardless of their income, their location, or even how much money they have.
A Mission-Focused Approach
So it's very mission focused, it's gamified, it is a testnet at the end of the day, but it is a way, I heard earlier how Arsalan was speaking about the Solana community, and it is essentially a way of finding that common bond amongst us all, which binds us together and helps us become a blockchain which no one can beat. Amazing. I hope that answers the question. I have a second question here from Fahim Neglant. I would like to know, among the projects you have supported in partnership, which are the project on which you are the most optimistic and why? Interesting.
Identifying Key Projects
Yeah, I. I don't want to take names as such, but I think there are at least three projects where. I think there is an expectation here that, yeah, they gonna. At least three, maybe five, that they gonna hop on to our chain. And all of them are very relevant to the USP that we have. So, you know, like, we have some interesting conversations going on. One kind of a strategic investment partnership we announced was a three protocol. We find them very interesting.
Future Plans and Opportunities
But yeah, there are like others as well. So I think in time we will be doing more on the public side. You know, not to spoil the surprises too much, but, yeah, I mean, I think there are a lot of projects out there, a lot of founders who see that, you know, what we are doing is pretty real and they want to become part of journey. So, yeah. And Fahim, himself, like from Meghal, he is himself like out of France, making a very good product himself. So we would love to see that. If he finds some synergies. I think he's also welcome to join us.
Discussing New Projects
Yeah, you were talking this morning about one particular project that. It sounds very interesting, the one related with cloud. Yeah, it's interesting how you can transform this in a new protocol and in an investment opportunity. And then I was talking actually in the Dubai conference, we established a contact with one guy building a lending protocol. But it was very smart the way that he was. You can see that the guy was smart. He has been working in the industry for a lot of time. I like it how the guy was mitigating the risk. And also it was a. Yes, I remember. Yeah, it was a deal generation machine. So I'm particularly more optimistic, excited about this kind of project because they are super aligned and with what we are trying to do, with what our community wants.
Token 2049 Insights
Absolutely. Absolutely. Cool. So more question for those of you in the token 2049 and did token 2049 event change your perspective about SiFT ecosystem? Was there a meeting that contributed to your vision at the event attended by thousands of people? Has any product emerged or happened that you think we should do this on 16? I don't think that I will leave this to those of you who were there, but our idea is not to do this or to do anything ourselves. Okay. We want to create ecosystem for other, the infrastructure for other to build. Okay. And everybody to be aligned in one mission, in one vision. But other than that. Rafael.
Lessons from the Event
Yeah, so, yeah, absolutely. Like, I think to start off with, I think it's important to understand that we are not going to build apps that's full of stock. Yeah. Obviously we will help them in terms of their go to market strategies and other stuff, but we are not going to build apps. Perspective, from market perspective, it gave us a lot of, lot more conviction because as Arslan was saying before, that majority of the people that we met, they know, they knew about either zig or signally or, well, in some cases, zig chain as well. But. So that gave us a lot more conviction that whatever we have been doing as a team for the last few years, maybe it's, it's like, you know, materializing in something we have bigger because we are onto something. Right. So, yeah, that not change the perspective, but give more conviction. That's number one.
Engagement with Developers
And I think we learned. Not learned exactly, but we kind of polished a few tricks here and there in terms of, okay, how the devs can be engaged. We attended a lot of side events by blockchains, like, for example, core Dao, Algorand, stuff like that. Like these are very dev focused blockchains. So we learned a few things from them that, okay, how are they attracting and managing those devs without, like, promising insane kind of grants, like how organically that's been done? So this is, these are very interesting learnings for us. So I think, yeah, those are key takeaways. I have a question for you, Annette.
Testnet Criteria and Community Involvement
What kind of criteria do you have for testnet to be held on October 7? Who will perform test? Will it contribute or gain to the participants from the Mir Sseh okay. So I think what Damir, you know, I run into him a lot. He's one of our most active community members and it's good to see a question from him. So I think what Damir is referring to is the world generation quest that is going live on the 7 October. And I think there is some misconception here. So essentially on the 7 October we are going to start with the quest, which has different phases. And the first phase does not have anything to do with technology or trying something out or anything.
Gamification and Community Engagement
It is to first start finding those leaders who believe in our mission, who want to know more about our mission, and to then invite other people to become part of this mission as well. So it is more about discovery. It's just like a game. So for example, if, you know, let's say in my time I played FIFA a lot. And how do you find about FIFA? The way you find about FIFA is that you either see someone playing it or you see an advertisement before or after a YouTube video or you read a review. Once you've seen it, then you probably go and buy the title and if you like it, you invite other people to join in as well. So we are going to have a similar experience where the community at large is going to be able to discover what we are doing.
Onboarding and Phased Approach
They're going to be able to invite other people and together we are going to then sail through into the next phase, which is going to be called onboarding. I don't want to really kill the buzz around this thing, but it's going to be very multi layered, very gamified. We're going to have a lot of fun. Okay, another question. I think this one goes for you. Rafael, you are a big fan of DNB. So what do you think about CC situation? We were all waiting for his release, all of us. How effective do you think he can be in the market after this? I think people need to come out of the individual idealism when it comes to market.
Market Dynamics and CZ's Influence
People are like, oh, CZ gonna come out? That's bull market. No, it doesn't work like it's a multi trillion dollar market. It doesn't depend one person coming out or going in. Right. But the fact is that, yes, he is one of the smartest guys this space has seen and in a very centralized manner. He has done a lot of things for this space that I personally think that we should all be thankful for. He has shown very clearly that he will remain involved in cryptos. He cannot come on Binance ever. That's part of the deal. But he remains the largest binance shareholder. He owns 80% of Binance. So no matter, even if he's not the CEO, he's the shareholder.
Future Expectations for Binance
But I. What I see is, and what grapevine is that he gonna have some role on BNB chain. So I am bit bullish there on BNB chain and I think that Binance has come out of hot waters already. Binance will do really well in this bull market. And obviously the token most likely, I mean like industry needs smart people. He's a smart guy. If he continues to be around us, I think it will have a positive impact. But it's not like that. Oh, CZ comes out, let's go to $200,000 bitcoin. It doesn't work like that. I see. I think that answers.
Technical Issues and Closure
Yeah, I think Tolle had again a connection issue. Oh yeah. Okay, let's check. No worries. I let me, let's check this next question. I think we have. Let me see. I have it here. Yeah. Okay. We sticking out. Okay. So if the question is the staking announcement was 125 million, when the next phase going live? Before minute or after minute? Emma, do you want to take that? The question is that when we announced staking it was 125 million tokens. When will be the next phase going live? Before Mainnet or after Mainnet? Okay, you want to take that?
Clarifying Staking Plans
So yeah, I'll take that. So. Okay, so guys, the thing is that we do have 125 million as a community pool and it out of which yes, we're doing 60 million. So the plan is that we wanted to do this in a multi layered way. That is still the plan. But you know, we could have like different initiatives which are maybe not even tied to staking, but they could be tied to certain other things and these drops could happen. So this strategy is still fluid. But primarily, you know, our aim is that we do this before Mainnet only or we sort of, you know, convert or we sort of, you know, transition this to immediately after Mainnet as well.
Tokenomics and Community Assurance
So this is something that is fluid. The reason that it remains fluid is that we don't want to, you know, we want to be very mindful of the tokenomics itself, I think, you know, as the protocol and as custodians of your decision to upgrade the tokenomics. It's very important that we have a very prudent approach. You don't want to have too many tokens too quickly coming into the market, whether via staking or some rewards or whatever. So we want to be very cautious about that. But be rest assured that's full number of 125 million Zik tokens is for the community, it's not for anyone else.
Community Transparency and Interaction
And we're going to make sure that you have complete transparency and accountability, that it flows to the community alone. Yeah, exactly. Andy and I would add on to this, the idea is that, you know, in everything that we try to do, we try to make it more intuitive and more interactive. Just take it and then take it. It's not really the way to go. Like, yeah, there's a significant chunk of 60 million going there, but I think we will have a lot more interesting initiatives coming up where, you know, the rest of the amount comes in. But yeah, it's all for community and no one else. Yeah.
Concluding Remarks
So that's that. Great. I feel. I think we are done with all questions, I think. Yes. Okay. Yeah, we. Yes, we can hear you. I think there is some love. But anyway, I think we solve all the questions. I hope, guys, that you enjoyed the session. Any other question? As you know, you can find us in Twitter, in discord, where we have a great community too. We see you or we listen to you the next month. Thank you for coming. Thank you, everyone.
Farewell
Thank you, everyone. Bye bye. Ciao. It.
