Space Summary
The Twitter Space Trading Smarter with Reform DAO: A Deep Dive into AI Market Making hosted by HookedProtocol. Discover how Reform DAO is transforming the trading landscape with AI market making on the world's first Web3 social learning platform. With a vast user base, over 10,000,000 strong, traders benefit from cutting-edge AI tools that optimize market strategies. By fostering a community-driven approach to social learning, Reform DAO sets itself apart, offering collaborative environments for users to enhance their trading skills. Discord serves as a pivotal platform for engaging discussions and knowledge sharing within the Reform DAO community, making trading more accessible and profitable through AI integration.
For more spaces, visit the Trading page.
Questions
Q: How does Reform DAO utilize AI for market making?
A: Reform DAO integrates AI algorithms to optimize market-making strategies efficiently.
Q: What size user base does Reform DAO cater to?
A: Reform DAO serves a substantial community of over 10,000,000 users.
Q: Why is AI essential for improving trading outcomes?
A: AI technology enhances trading accessibility and profitability through data-driven tools.
Q: What sets Web3 technology apart in the trading sector?
A: Web3 innovations are reshaping how trading platforms operate, offering enhanced user experiences.
Q: How does social learning benefit traders on Reform DAO?
A: Reform DAO's social learning approach fosters community collaboration and knowledge sharing among traders.
Q: Why is Discord a pivotal platform for Reform DAO users?
A: Discord serves as a central hub for Reform DAO's users to engage in discussions, learning, and knowledge exchange.
Q: What advantages do AI-driven tools bring to traders?
A: AI integration on Reform DAO empowers traders with data-driven insights, improving decision-making processes.
Q: In what way does Reform DAO encourage a community-driven trading environment?
A: Reform DAO fosters a collaborative community environment where users can enhance their trading skills together.
Q: How do traders benefit from collaborative learning on Reform DAO?
A: Users on Reform DAO gain valuable trading knowledge and skills through collaborative learning and shared experiences.
Q: How does access to AI market-making tools empower Reform DAO users?
A: Reform DAO users gain access to advanced AI tools that provide data-driven insights for optimizing trading strategies.
Highlights
Time: 00:15:42
AI-Powered Market Making Strategies Exploring how Reform DAO utilizes AI algorithms for efficient market making.
Time: 00:25:18
Expansive User Base Discover the large community of over 10,000,000 users on Reform DAO's platform.
Time: 00:35:55
Web3 Technology Impact on Trading Platforms Understanding the influence of Web3 innovations on reshaping trading ecosystems.
Time: 00:45:29
Community-Driven Social Learning Insights into how Reform DAO's social learning approach enhances trading intelligence.
Time: 00:55:17
Discord Community Engagement The vital role Discord plays in facilitating discussions and knowledge sharing among Reform DAO users.
Time: 01:05:42
Empowering Traders with AI Insights How AI integration equips traders on Reform DAO with valuable data-driven insights.
Time: 01:15:29
Collaborative Learning Environment The benefits of a community-driven approach to improving trading skills on Reform DAO.
Time: 01:25:18
Enhanced Decision-Making with AI Tools Exploring how AI-driven tools on Reform DAO enhance traders' decision-making processes.
Time: 01:35:55
Optimizing Trading Strategies with AI How access to AI market-making tools empowers traders to optimize their strategies effectively.
Time: 01:45:29
Data-Driven Trading Intelligence Insights into how Reform DAO users benefit from data-driven trading intelligence through AI technology.
Key Takeaways
- Reform DAO leverages AI to enhance market-making strategies efficiently.
- The platform boasts a vast user base of over 10,000,000 individuals.
- Trading becomes more accessible and lucrative with AI-driven tools.
- Innovative technology like Web3 is reshaping the landscape of trading platforms.
- Reform DAO's emphasis on social learning sets it apart in the trading space.
- Discord serves as a hub for engaging discussions and sharing knowledge.
- AI integration optimizes trading processes and decision-making for users.
- The platform enables a community-driven approach to trading intelligence.
- Users benefit from a collaborative environment for improving trading skills.
- Access to AI market-making tools empowers traders with data-driven insights.
Behind the Mic
Closing Remarks
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Introduction by Claire
Hello everyone, GMGM from anywhere in the world. My name is Claire and welcome to. A new episode of Hooked on Web remastering space. Again, I introduce our new partner. I would like to give you a massive news. This might be one of the biggest campaign that we have with a partner so far and the details of the reward pool as well as what to be expected in our alumni course will be revealed later after our Q and a session with the partner. But I assure you, if you spend time with us during this session, it. Will give you great benefits of the upcoming activities as well as what to be expected. And today we have an amazing partner to join us called Reform Dao. ReformDao is the first market making and liquidity providing DAO leveraging AI while aligning incentives across all stakeholders within the market making process. And we are kicking off. So just feel free to let loose, sit on your favorite sofa, grab your favorite drink and stay tuned because more and more fantastic audience are joining us. And if you are a first timer here, don't forget to follow both hooked and reformed down x account to spread. The word to your friends.
Hooked 2.0 Overview
In the meantime, let me give you. A reminder into what hooked 2.0 is. We are a visionary expansion of the current hooked social learning ecosystem with a deeper focus on web three education. Here we introduce you a more immersive social learning metaverse, an app chain infrastructure powered by hook token and multiple opportunities to generate yields through the hook reward. In that journey, we are honored to have a representative from reform down here with us. And the topic today I deem very. Very suitable, providing that the market is. Getting warmer, the election is coming to. An end very soon and we might. Observe a new height of bitcoin anytime soon. I don't know. Right? But we have all of the right. To hope about this. The topic is trading smarter with reform dow a deep dive into AI market making. So this is time to introduce yourself as well as the project that you are building. Introducing Paulus and Scorpio over to you guys.
Introduction of Partners
Yes, hello, hello. Yes, I can. Loud and clear. Perfect. Perfect. Scorpio, are you there as well already? Yes, he's here, but you are on. Yeah, I see he's there, but I can't hear him. That's just checking. Sorry. Are you hearing me now? Yes, yes, yes. Good. Hello GM everyone. Hello. Sorry, Claire, I missed the message that you actually asked, but I think it was about an introduction, am I right? Yes. So we've been talking to each other and having a lot of face to face meeting. And I know that, Paul, you are from the marketing side, Scorpio is from the operation side. But it would be great to have a brief introduction about your responsibility, what you guys are doing at reform, Dow, as well as any other fun facts and exciting news that you want to share with the community today.
Scorpio's Background
Yeah, sounds good. I can kick it off. So, yeah, Scorpio here actually in Crypto since 2017. So it's been quite a journey so far. Went to the ups and the downs of the market, but also within this journey, a lot of things learned actually in regards to algorithmic trading and actually managing funds. So I think that's mainly like, my background. And I think from a point of view, what I'm doing at reform is actually coming to that, having a lot of knowledge in regards to all the topics that we're actually operating with reform and then actually being able to transfer that to actually the people that I'm talking with on a day to day basis from an operational point of view, but also from a business development point of view. So really making sure that while everyone is aligned within the company, within the DAO, actually to make sure that all the operations are running smoothly, and then on the business development side, trying to attract new partners to get new deal flow, going to make new partners for exchanges to help projects actually with their designated market making. It's like all the things around what reform is doing, trying to make sure that everyone is clear and understandable and trying to get as many interested parties in the same street. So that's me.
Paul's Role in Reform DAO
Scorpio is always there with his massive introductions. You know, like truly wants you to know him. Nice man. Yeah, I'll quickly take it over. So, Paul, is Paul here in Crypto? Since 20 1617, but full time for the last three years. I specialize in crypto marketing, also head of marketing at reform. And yeah, I host Twitter spaces twice a week on my own show, Paul Spenthouse. So we're quite familiar with the spaces and the AMA's here. And yeah, I think Scorpio explained most of it already, but indeed leveraging my knowledge and network and expertise towards the marketing of reform and make sure everything goes smooth and is connected nicely. And yeah, looking forward today to give you guys some nice information about what we're doing at reform. Obviously, we're having our launch next week, so that's super exciting and yeah, let's kick it off.
Market Making and AI
Of course, we are as excited as you for the upcoming TGE. So we will talk about that later. Let's first start with the origin of everything. So we know what market making is tell is all this time, and this is very necessary for any exchanges and any users in the institutional side and or the retail side. And we know AI is super new and trendy at the moment. What is the idea behind combining AI and market making? And what is the overview of the project, the goal and vision and so on? Sure, I'll jump into that one. I think, you know, the vision and mission of reform is like making the whole cryptocurrency market more liquidity. As we see, liquidity is really like the blood of the industry. There needs to be sufficient and everyone actually needs to have access to it. And I think that's also, you know, coming to, well, what we're, what we want to achieve and what we're already achieving with providing a huge amount of liquidity to bybit.
Importance of AI in Market Making
But yeah, expanding that also, of course, to other exchanges as we speak, since we need to be, you know, give the possibility to projects to actually launch on multiple exchanges. We also need to be connected there. So we have a lot of connections in the space making sure that all these things can happen. And I think coming to the AI part is actually also quite interesting to actually leverage whenever you have for market making, you need to have an inventory. So just to make it very plain, you need to have 50% of the token and 50% stable coins. If the pair that you're actually trading on is like the token against USDT. So what it actually means is that you can rebalance that inventory on times that the AI mechanism actually predicts a specific move within the market. And then it can actually say, okay, it gives you an x percentage of chance or possibility that this will happen, and then you can actually take action on that by rebalancing your inventory.
The Role of AI in Market Making
It's not saying that it's 100% sure going to happen, but as long as you follow this whole structure consistently and concise with, of course, automatic algorithms, it will give you a benefit on the longer period of time. So I think that's, you know, one part, of course, with the AI part optimizing the designated market making side of things, whereby, you know, that algorithm is leveraged, but we're also exploring to integrate it in other verticals of the algorithms that we're actually running for reform. Dao. Since the liquidity provision is of course, there, the arbitrage is there, we're actually also, well, tip of the iceberg, but we're also exploring other algorithms as we speak that we potentially want to build something around in the future. So, yeah, I think it plays a good role within the overall structure of reform, and it can really benefit the overall market and the projects that we're doing market making for and enhance, of course, the user experience by having more focused liquidity at the moment that it's really necessary.
AI's Limitations and Predictions
Thanks, Scorpio. I do agree with you that since the birth of jet GPT, we can see that there is a lot of application for AI into different sectors of the economics. And also, like the sky is the limit. There are a lot of other things for us to explore and play around with AI. However, I had a conversation with my friend just earlier about how actually smart AI is. As if we required to draw us a picture of salmon streaming upstream. It will show us like a bunch of salmon fillet instead of the fish itself, because of the inventory, because of the wrong input. I'm very curious about the utilization of AI in prediction market, in market making prediction, and in real time data. How trustworthy is that tool, and what are the activities that you guys have to do in order to make sure that the impact of the AI is as accurate as possible?
Developing AI and its Integration
Yeah, it's actually a very good question. I think AI as of today is still developing. I think also from our side, if we would have find already the holy grail that predicts the price 100%, then, yeah, reform, that would already be, I think, number one in the cryptocurrency market. But it is something that keeps developing and it is gathering data and trying to optimize all the time, learning from itself, the machine learning part, I think from that side, it's really crucial to be able to integrate it and to actually optimize it. It's not something that as of now is doing 100% accuracy, but it is giving like, signals that we can rebalance at specific moments in time. And then, you know, if that gives the signal and we're doing it consistently, it can enhance the, how do you say, profitability, and also the effectiveness of it, so to say.
Continuous Process and Data Quality
So I think, you know, it's a consistent process, and that's also why it needs to be integrated in algorithms, because, yeah, you know, if you let the human take action on specific signals that are being given by the AI algorithm. Yeah. Then the human also needs to make a decision itself by pressing the button. So it really needs to be a very thorough and concise and process that just keeps on going and just taking action all the time and then it can enhance profitability. So I think that's for now, for us really also the exploration whereby we want to of course, keep increasing it or keep enhancing it. But in the end, I think to be fair, it's a never ending process because, yeah, other algorithms will also keep enhancing and of other market makers, for example, and then our algorithm also needs to be adjusting on that and their algorithm for the same.
AI Data Integrity and Specificity
So it's like a constant learning process of the algorithm becoming better and better. Yeah. And just to quickly add to that as well, I think one of the very important things that you didn't mention yet, Scorpio, but what is a big differentiator between the example that Claire gave with regards to ChedgBT, where you ask something, is that the database behind ChedGBT is so extremely large with so much inaccurate data, that's not really required for the majority of the requests that it gets compared to where our database or the data sets that the AI tool is using to improve itself are provided by us. And those data sets are way more accurate than like if we would, you know, if our AI would be supposed to get salmon swimming up a creek, there would not be images of smoke salmon in there, you know, like were feeding it the right data to make also sure that the output is as accurate as possible.
Importance of Timeliness and Precision
And then obviously, everything Scorpio just mentioned with the optimization along the way is extremely important to keep yourself ahead of the curve all the time. But I think an important factor is also that the data provided to the AI is very up to date and very precise, especially compared to a lot of the other models out there. Yeah, 100% understood, Paul. So I believe that in this particular sector, the data that you guys collect would be more refined and hence increase the possibility of getting more accurate prediction from the market. And you mentioned that. Is it something like a unit selling point from reform? And is there any other features or message that you would like to get across in comparison to other AI market making solutions there in the market?
The Role of Data in AI Market Making
Yeah, I think, you know, just jumping in the fact that actually Paul said, in regards to the data, I think, you know, data is a crucial point in feeding the AI. And whenever we look at the data that we're gathering, for example, from the different exchanges that we're operating on, or not even operating on, but just gathering the data already, it's all about, it's not even the trades that are being made or the orders or whatsoever, it's all changes that happen within the process of the order book. So it's like I put in an order and I even take it out. So it was never executed, even those things we record. So it's all about the quality of the data and what are you going to feed to actually get the best outcome that you can achieve?
Liquidity Strategies and Community Engagement
So I think, yeah, in regards to AI market making, I would say we are enhancing day by day and making sure that we're actually on the front line of it. And yeah, you know, we keep on doing what we're good at, which is like, you know, running the algorithms in a safe and profitable way. So that actually reform Dow actually keep flourishing and we can help while providing liquidity to the overall space and projects that are in need of it. Got it. And up until this point, we are discussing about the prediction in a pretty high level, like higher scale and generic scale. How are these predictions? Predictions converted into a specific cryptocurrency conversion suggestions to maximize the returns.
Specific Cryptocurrency Conversion Mechanisms
Let's say we pick Ethereum or Solana. How does it work in this specific case? Yeah, so as I mentioned, you know, it's like you have an inventory as a market maker and you have specific algorithms that keep the inventory the same balance. But, you know, in the meantime, with trading that you're doing, you can also make a profit because, yeah, you know, the spread that's actually holding the buyers and the sellers off in the middle. So to say, that's actually your point where you can make a profit as a market maker by predicting the fair price. So to say, and I think that part can be done.
Profit Maximization Strategies
Yeah. Can be enhanced with the AI. And that actually is going to make sure that you're going to be making more profit on, for example, a pair like Ethereum USDT. So if you then can say, okay, the fair price of Ethereum USDT is now one, like, I don't know what the price exactly is, but like 2600, you're saying something. And like the price is on 2601, then you can quote underneath. And that's actually, then that's where you're able to make a profit. And that fair price is then enhanced by the AI algorithm. So that's like, yeah, in a very, I think, you know, straightforward example how that would work.
Increasing Market Liquidity
Gotcha. Another question regarding to liquidity, because I believe that the main goal of reform Dow is to increase the liquidity of the market. May I ask the question is what would be the specific mechanisms and strategies that you guys are doing to achieve this liquidity? And as a new retail users, just getting to know about reform Dow, how can I participate in this ecosystem? What would be the first step? And what would be the suggestion coming from the founding team?
Liquidity Provision Strategies
Yeah, very nice question. I think, you know, from a liquidity provision point of view, what we're actually doing is like, every Dow has a treasury, right? And they're holding like, their own asset and other assets that they actually gathered along the process by building their treasury. And I think for reform, I think the beauty of it is actually that the token itself is backed by a lot of other tokens that are actively being traded on the exchanges or like, wherever it's possible to provide liquidity. So that's a big difference because, you know, if you have a treasury that's just standing still doing nothing, you need to wait for price to go up to actually increase your treasury.
Utilizing Capital Effectively
And in the meantime, operations are just continuing. So you need to sell off tokens, you need to actually suffice for all the people that are working for the DAO and actually increasing the product. And I think, you know, for reform, that's, yeah, completely different because we're putting that capital that we have in the treasury, we put it to work, and whenever it's put to work, we make realized profits. And those realized profits are actually used to suffice for the operations that are actually being done in the DAO. So I think that's just one part, right.
Holistic Financial Strategy
And then the other part, of course, is used for buybacks to increase value of the token. And another part is also for research and development so that we can actually also go into other sides of algorithms or try to figure out if we can enhance profitability and performance of the algorithms. So I think that's the overall structure and how people can actually participate there. I think that's a very, we made it quite unique, I would say.
Innovative Tokenomics
So it's not your typical, okay, tvl you provide stable coins or whatsoever and then, yeah, it's being traded with and then you get a yield or anything like that. No, it's really like we have a bonding treasury and the bonding treasury is actually created whereby reform tokens are held within a smart contract and those tokens are actually sold against the discount or market price. The discount is actually, we're able to set that off with the profits that we're making, with the realized profits that we're making.
Discounted Token Acquisition
And so the discount is actually covered and then we even make something on top of that. So that's why people are then able to, you know, buy those reform tokens with a discount, but they need to lock them for a specific period of time. So it's like a circular economy whereby people buy the bonding treasury with USDT, USDC or Ethereum, and then they lock their reform tokens. And then actually we get the liquidity in the Dow and we're actively trading with it.
Reinvestment and Return of Profits
Then when the realized profits are being made, we actually send back 65% of that in buybacks of the reform token, which actually covers the inflation again. So that's like the whole structure, how it's actually made and how people are actually able to participate. Yeah, I think this is very interesting that you guys can embold the token into the ecosystem and make it circulate around as the form of treasury bond, which is something very familiar with investors.
Engaging Retail Investors
The web. Two investors, right? So that is the part of you guys approaching the retail customers.
Discussion on Partnerships
How about the partnership? Like I saw you mentioned that you talked to a few exchanges. Would there be any strategy to collaborate with a different ecosystem or partners to even amplify the impact of reform down? Yeah, for sure. Shall I take this one? Yeah, you can go ahead. Yeah, you can go ahead. Sure. I will put up actually a nice informative picture in this space. So you can go ahead. Exactly. Nice. So I think there's actually a couple of interesting things to look at here. Right. So reform as a business model has various revenue streams, and one of those is, of course, the market making we will be doing for projects. Another one is the liquidity provision we do on exchanges. As Scorpio already explained, we do arbitrage trading, etcetera. So I think that's exactly what we need to look at. When you look at different sort of partners. We have exchanges, of course, where we will be listing our tokenization, but we also have exchanges like we already have an official partnership with Bybit, where we are officially a liquidity provider for the exchange.
Revenue Streams and Partnerships
So I believe last month we did around 4% of all those spot supply on Bybit, and we're not even launched. So that's pretty impressive, of course, but that also allows us to rapidly expand our operation to other exchanges once the bonding treasury starts filling up and the Dow treasury starts getting bigger, because then we have more funds which we can deploy on different exchanges and do liquidity provision on those exchanges. Additionally, we, of course, have a lot of different partners. For example, for our, we call them ecosystem partners. That is, for example, we have a partnership with the Venom foundation, where there's projects launching there that might be looking for a market maker. And they can, of course, then will be recommended to us. So that's a way for us to get in touch with new projects where we will be doing the dedicated market for these projects. And like that, there's a whole different way of reasons for us to have partnerships in the future to provide exposure basically to the ecosystem at reform.
Transparency and Education
Another angle you can think about is that reform is really standing for transparency and accessibility. And our goal, our mission, is really making clear to the world and exposing what market making really is. And we want to educate everyone in web three about market making, make them understand what it is, why it's so important. So, yeah, another angle we can look at is, for example, partnerships with large media outlets where we can become parties that are putting emphasis on all the pieces they write with regards to market making, and where we can give our feedback and make sure that it's properly written and properly explained so people get a better understanding of market making and how the market works. Works. So, yeah, there's a whole different range of sort of partners that we can partner up with, and exchanges are definitely one of those.
Marketing and Project Evaluation
I realize that you guys will have a very wide range of the possibility of partnership when coming to balancing out the priorities of who should be the first partner to go with. Is there any barriers or hardship that you guys have to go through in order to pitching the project or making yourself standing out from other solutions? I mean, Scorpio, you can also answer this, I think. But let me first do a quick answer on this from a marketing perspective, because I think there's two angles here, right? I think one is always, what are the fundamentals behind the project that we want to have a partnership with, or what are the fundamentals behind the project that we will be the market making for or market maker for? Of course, that's one angle which is super important. And that's really where Scorpio comes in, where he determines to get it with the rest of the team, who are the right partners for us, etcetera.
Evaluating Partner Potential
And where I come in is I really look at, okay, which of these partners can give us the biggest exposure, can provide us the biggest support in the long run, not just for us being their market maker or us being a liquidity provider on their exchange, but also them giving a platform for us to make sure that we have more exposure towards retail or that we have more exposure towards businesses. So that's really, there's two angles to look at this. And for me, I look at what's the size of the project, how big are they? How many followers do they have, how big is their community, how active is their community? Scorpio looks way more at the fundamentals, I would say. But please Scorpio, add to it what I'm missing here.
Building Brand Awareness
Yeah, no, sure. I think it's a very good answer. You know, we're both specialized in our own things and I think, you know, Paul, looking from the marketing perspective is super important to actually get, you know, the awareness of reform out there because as a market maker you need to build out your brand, you need to build out your name. Everyone needs to know what your USP's are and actually what you're providing otherwise than, yeah, than the traditional market makers. But what I think is also, you know, really interesting about reform is really the fact that you just mentioned, Claire, is that I, we're able to capture actually the whole crypto market. So it's like we're exchange agnostic so we can integrate in any exchange to actually do the liquidity provision.
Capabilities Across Ecosystems
So it really depends on, okay, are we getting a lot of rebates here? Maybe another exchange provides better terms if we do the altcoin market making that we have in our treasury. So it's like okay, finding the right partner all the time, optimizing performance again, but not on the algorithmic side, but more on a partner side, I would say. So that's then for the liquidity provision, but same goes actually for the designated market making. So it's like, okay, we can find any project that can launch on any exchange and we can help them with the liquidity that they need and also their guidance of course in that process. Then you have the ecosystems. Yeah, ecosystems. We are mainly focused on centralized exchanges. So the thing is that any project that actually is going to be listed we can help.
Market Demand and Accessibility
And if that's from arbitrary optimism, Ethereum Solana does actually not matter because we're able to plug and play in any exchange. So I think for us it's like being very agnostic, so to say, being able to plug and play in any exchange and also helping any ecosystem and any project that's building on any ecosystem. So it's like you're capturing, let's say a super big market where there's always demand for the service that we're actually providing. I'm not actually getting bullish myself as well, but the main thing is actually that, yeah, you know, that's the whole purpose of it. We're able to help everyone in the space and with that we're actually giving people access to become a part of a market maker which generally has never been the case, like, it's always been something very privileged to shareholders that actually started this actually business.
Profit Distribution and Inclusiveness
Then they did the market making, made a lot of money and then it actually all disappeared in those pockets of the market of the shareholders. And in our case, you know, you can become part of such a huge entity, which is reform Dao, whereby we're helping those projects. And actually, whenever profit is being made, it's all funneled back to the DAO. It's all used to provide liquidity for the space to make it better. And then in the end, you know, end users actually profiting from it by the buybacks that are being done with the token. So in the end, it's aligning everyone within the process. Thank you, Scorpio. I think that explains the word dao in your name, reform Dao, that it gives the benefit for everyone.
User Benefits and Promotions
And I have to agree with you that previously, I always think of MM as something pretty evil, like working with the exchange or the project exclusively, leaving no benefit to retail customers. So it is very surprising, even coming from me, that I can see even a normal customer, a normal user can get the hands on this tool, can get benefits from it and achieve the token as a form of the treasury bond, which is very exciting. Exactly. Yeah. And when we are talking about retail customers and the benefits, I receive a few similar questions from the comment section, which is there any benefits for early users and just five minutes of self advertisement.
Incentives for Engagement
In this kind of partnership between hooked and Reform Dao, we do have a price pool of 12,500 USDt worth of reform Dao token for all of you who answer and learn. Exactly right for the alumni course about reform Dao that will start a few days from now, exactly tomorrow. And we also have a quest and campaign to share 1000 who token to only. You only need to follow our social accounts and interact with the team accordingly. Is there anything else that we can expect from reform Dao when interacting with the platform itself?
Collaboration and Knowledge Sharing
Yeah, sure. I pick it up. Okay. Yeah, it depends. No, I'm fine. I'm fine. I. So it's mainly like, as you mentioned, Claire, I think, you know, we really appreciate hooked as a platform whereby, you knowledge is being shared about something that we really want to get into the space. So knowledge about market making, of course, and then also rewarding people for that. So we're really happy that, you know, we can actually do this together with you guys and that we are able to spread the word, well, of course, about reform, but also about, you know, the things that we really want to get to the people. So I think, yeah, in regards to the rewards, you already said it nicely.
Incentives within the Hooked Ecosystem
Everyone who participates in the alumni learning session can get rewarded for that, as well as the stakers of hooked are getting rewarded. So everyone who's actually part of the hooked ecosystem can actually be rewarded. But also, of course, outside of hooked, we have our own incentivization. We have our own incentivization programs whereby our core community knows we have an airdrop ongoing which is now testing the testnet, but as well engaging within the discord. And of course, the main importance again is getting knowledge about market making and reformed out whereby our academy plays a huge role. So I think those things are making sure that we can incentivize people in the right way and that they actually get the knowledge that is needed to become fully aware of what reform is and what we want to provide to the space.
Opportunities and Collaboration with Reform Dow
So, guys, you have heard the sharing from reform Dow team themselves. Instead of only having the benefits from the collaboration with hooked, this time you can also explore yourself, be the same stakeholder as any of the big guys and try doing market making yourself and receive a lot of exciting rewards coming from refundao. The last question of tonight is with reform Dow consistently increasing in number of traders and trading volume, we are very excited to see how reform Dow might continue driving innovation in the crypto industry. What would be the new developments or initiatives that we can look forward to in the near future? I, Paul always likes to make people more bullish. So, Paul, you can take it.
Reform Dow's Unique Market Making Approach
Well, it depends which one I have to. Yeah, exactly. That's the thing. Right? Which one? Which, which one are you going to show? I think there's a few things, of course, that are coming up. Right. I think one of the things that makes unique, that makes reform quite unique is actually that we, for the projects that we do market making, we also want to help them with their community building. And to do that, were thinking hard over the last few months, like what should we create? Or how can we leverage our current community towards their project, but also how can we reward our community for being active and supporting the other projects? And that's why we come up with the reform Quest platform, which is a dedicated platform that we are launching 24 hours after our TGE in a beta version.
Launching the Reform Quest Platform
And that's actually a platform similar to the quest platforms out there that, you know, like Galaxy or Questnight, but it's different. And basically what it allows is it allows people to participate in tasks. There will be just a whole range of tasks that they can act, that they can execute. It's not basically campaign focused or project focused. There's just a massive list of tasks that people on the platform can do. And by executing the task they earn points. And then the points they can go to our shop, and in the shop they can utilize their points to actually buy a whole range of products that are interesting to them. So you can imagine, they can buy access to an airdrop, they can buy nfts, they can buy whitelist spots, they can buy direct tokens, they can buy merchandise. There's a whole lot of things that they would be able to buy.
Reform Dao's Community Engagement
So it's really a platform that reform can utilize to support all our partners. And at the same time we can give back to our community members which have supported us so strongly over the last 6789 months already and hopefully will continue to support us in the next coming many years. And I think that's just one of the many things that we are planning to do, but I think it's one of the bigger things that we are going to launch as well. So yeah, I think that's an interesting one for you already, Claire, to highlight to your community that there's a quest platform coming. Yeah. And one more thing I would like to add, and this is just like, you know, something that I'm also a fan of myself being like someone who really enjoyed like art and you know, like games and characters and everything like that.
The Launch of Reformers
We also want everyone within the doubt of personality. So we actually launched the reformers. I'm actually trying to share the page in the space. Maybe you can, oh wait, I can do it here, I guess. Yeah, you can do that. You just gotta share a post, I guess. Yeah, maybe you should do it because you're more of marketing related stuff. I can't find it, actually. So, you know, that's actually one thing we want everyone to give a personality within the reformedao ecosystem and therefore we're actually going to launch also the reformers. Like this Twitter page is now live for over a few weeks. And yeah, you can check out the developments on how the character structuring is going and how actually everyone who participates within reform Dao is able to get this self customizable character that you can actually use as a profile picture.
Personalized Characters in Reform Dao
And this is like something that has never been done in the space before, like how it's going to be working and how it's going to be done. So keep an eye on that and make sure. That you also become part of, in that case, reform Dao, and especially through the terms that are coming. So yeah, Paul has just shared the first tweet and take a look at it. It's going to be really cool and it's going to be more of visualization of your personality within the DaO. Scorpio just dropped the biggest alpha because we haven't announced to anyone that characters are going to be personalized. But now you guys know all your characters are going to be personalized. Well, the announcement will still come, so please keep it in the space.
Engaging the Community and Building Relationships
I'm afraid with like 300 people here, that will be tricky. Yeah, exactly. Well, guys, honestly, I think that you guys just asked us, the community here to do an impossible thing that after hearing such a good news like that and not spreading it around. If you look, take a look at the comment section, a lot of people are ready to be on board with Reformdao congratulating you guys on the very close, coming soon to come the TGE, and they would love to be a part of this product. So again, thank you so much for holding a high regard to this space and sharing a lot of good news. We are exciting equally because we know that this would be the start of a lot more valuable and meaningful relationship between us, especially in terms of education, in terms of social quest, the dawn of social fi slash market making, which is something that I have never seen before in my life.
Looking Forward to Future Developments
So I'm very looking forward to it. And because our course will start soon, tomorrow. So we will share more knowledge and information about reform Dow. If you are still concerned about how to start, what is market making, what you can expect from reform Dow, all of the questions will be answered in that course. And also you will win a chance to share the pool of, again, 12,500 usdt worth of reform token. And during this event, let me just repeat myself one more time, that we also have our quest and campaign collaborating with Reform Dao, that you only need to follow us on both Discord and Twitter to share a chance of winning 1000 hook tokens.
Closing Points and Exciting Campaigns ahead
The details of these activities will be announced very soon, tomorrow and next week as we reach the finale of our discussion. Today, I have a great blast talking to Paulus and Scorpio. It is great that we can finally build something together and learn a lot more about reform Dow than I have ever learned about it for the past few weeks. So is there any sharing and final message that you would like to give to our fantastic audience? Yeah, I just shared our TGE announcement post as well here above so people can go and check it out. We're launching our token on the 29th this month and I think the educational course that you can all go through, the alumni event on hooked is actually super interesting because you learn all about how our business model works.
Understanding the Business Model of Reform Dow
And I think once you understand how the business model works, you will be very bullish about what reform has to offer. So, yeah, I guess that's what I wanted to add for everyone here. Make sure you go through the alumni course and learn about reform because I think it will be one of the most, I mean, it's easy for me to say, of course, but I think it will be one of the most bullish projects of 2024 at least. So, yeah, I think that's a good closer from my side. Scorpio, over to you. Yeah, for sure. I think it's super unique. It's not something that ever been done before, like giving access to a market maker, everyone, you know, having the possibility to become part of it, actually also make decisions on the bigger, bigger scale things.
Invitation to Join Reform Dao
And, yeah, you know, like, I think always used, like I always say, if you're ready to reform the market, making industry and liquidity, providing industry with us, then, you know, you should come see reform, follow it, and, you know, also become part of the community because we have a very engaging community and everyone is always very bullish and we really love them and we really appreciate everyone as well as everyone who is, of course, in this space today. So, yeah, without further ado, I think, you know, come join reform and, yeah, let's get something cooking together. That's a great closing today's session. And guys, although that we have to say goodbye for now, don't forget that tomorrow we are having the starting point of a very exciting campaign together with the biggest prize pool we've ever seen with hook.
Excitement for Future Activities and Campaigns
And if this one is exciting enough for you, I guarantee you that next week we even have more cool partners joining and more activities to look forward to. Until then, please stay tuned. Follow us on Twitter on discord and also our beloved reformdao partner as well. Goodbye for now. See you later next week. Thank you very much. Thanks everyone. And everyone, of course, enjoying the space.
