Space Summary
The Twitter Space UPTOBER OR OCTOBEAR? The Aggregated Ep. 82 hosted by QuickswapDEX. Delve into the intense battle between UPTOBER and OCTOBEAR within the DeFi landscape, where market sentiment and Polygon 2.0 advancements are key drivers of success. Participants are navigating volatility with resilience strategies while keeping a keen eye on trends to maximize gains. Stay informed and adaptable to dominate the evolving DeFi ecosystem.
For more spaces, visit the DeFi page.
Space Statistics
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Questions
Q: How does market sentiment influence DeFi projects?
A: Market sentiment can significantly impact investment decisions, project adoption, and overall growth in the DeFi space.
Q: What is the significance of trends like UPTOBER in DeFi?
A: Emerging trends like UPTOBER can spark increased activity, engagement, and positive price movements in DeFi projects.
Q: Why is Polygon 2.0 a focus for DeFi dominance?
A: Polygon 2.0 offers upgraded scalability, cost-efficiency, and interoperability, making it a prime environment for DeFi growth.
Q: How can participants navigate market volatility in DeFi?
A: Diversification, risk management strategies, and staying informed about market dynamics are key in managing volatility in the DeFi space.
Highlights
Time: 00:15:42
UPTOBER vs. OCTOBEAR: Market Analysis Exploring the contrasting market sentiments and their impact on the DeFi ecosystem.
Time: 00:25:19
Polygon 2.0 Developments Insights into the latest upgrades and advancements on the Polygon network for DeFi applications.
Time: 00:35:55
Resilience Strategies in DeFi Discussion on building resilience to tackle market volatility and uncertainties in the DeFi space.
Key Takeaways
- DeFi ecosystem's resilience in facing market volatility is essential for long-term success.
- Leveraging trends like UPTOBER can amplify gains for participants in the DeFi space.
- Market sentiment plays a significant role in determining the trajectory of DeFi projects.
- Staying informed about Polygon 2.0 developments is crucial for DeFi ecosystem dominance.
Behind the Mic
Welcome and Introductions
Hey, guys, we're going to get going in a minute here. Welcome, everyone. Excited to have everyone here. GM. Good afternoon, Xerox gamers. Welcome. Ibrahim. Welcome. Sevy. How you doing? Minaze. Welcome. What's up? What's up? What's up? Favor toju. Welcome to. I'm going to bring you up. James, how you doing? All right. This is already lit. Super excited to see everyone, as always. James, how you doing? Is it working? It is, yeah. Okay. Awesome. You have to bear with me. I'm out in public today, so, you know, we're just trying to make this work, of course. So we'll get. We'll give it a minute, and then we'll get rolling here.
Discussion on Engagement and Session Setup
James, you good? All right. Please, axe, do not rug. James, you good to go? Yeah, I was just about to drop a cache link for the first time in the space. I'm trying to figure this out. All right. I think, yeah, there will be some cash links, I think, that are given out on these. James wanted to do a giveaway. Dm me about it. Of course, I'm always down to support giveaways, so I think what we'll do, James, is post cash links, maybe pin it. We'll pin it to the spaces so everyone can kind of see at least what we're doing, even if they can't claim them. But, yeah, there's a few things going on. Why we wanted to do this is we haven't met in a while, so for those that are joining us new, we usually meet, try to meet at least once a month, if not ideally, once weekly.
Updates and Future Plans
But as we all know, in crypto, the information flow ebbs and flows. And sometimes you have more to talk about, sometimes a bit less. On this session, actually trying to get Tanner from code to join us. So we'll see if Tanner drops in. But, yeah, open session, talk a bit about kind of what everyone's working on, and we're going to get some folks from the different regions around the world to pop up here, talk to us, what they're working on. And, yeah, these are pretty open floor, so we want to see people come up and contribute. So request to be a speaker. I've tried to allow some people to come up as a speaker, but for some reason, X might be a bit finicky.
Technical Issues and Speaker Engagement
So if there's any it issues with these spaces. Typically it's an X problem, so we'll just blame X. But, yeah, I see we have Tanner. What's up, buddy? Just send you a little bit of an invite. Toju, I know you had some interesting product stuff coming out. I've invited you to speak. If you are able to come up and share some of what you're working on, I think we would all love to hear it. James, did you get sorted there with your Starlink? Unfortunately not, but I have an LTE connection, so if you hear me now very well, then it should be fine. I just cannot sense cache links because as soon as I open code, at the same time, there's something buggy with my phone the whole week, it basically drops off.
Michael's Presentation on Toju
I think it's because X is somehow taking more space. So just to know, I'm not going to be able to send cache links, but I'll send some afterwards. All right, that makes sense. Toju, what's up? Welcome. Hello. Hello. Can anyone, how you doing? Yeah, we can. And if you're not muting your mic, if you're not speaking, mute your mic right away, please, or I'll mute you. Before I do anything, I would like to. Say something. So. Toju, if you can try again, go ahead. Okay. Hi, everyone. Can, like, yeah, you're good. You're good to go. Great, great. Okay, so, hi, my name is Michael. I kind of like, run the whole soju thing. So I'm just going to give everyone, like, a brief reintroduction to what Toju is.
Insights into Toju's Functionality
Toju is, an AI agents platform that helps users to create AI agents and also make money off their creativity. That's the stuff that they create from AI enhanced tools. So the reason why I made Sergio was, as a founder, with the whole AI trends and language models, lots of language models coming out. And I, everybody trying to figure out how they could use some AI tool or feature to get their jobs operating faster or do things faster or quicker, just in a different way. I, as a founder, I had problems that I thought I could solve with AI. So a lot of the tools I started building were because I had problems with stuff like content generation or like, client prospecting. So I was always thinking, okay, if I was going to do this and not have to, like, put in a lot of manual effort into, like, trying to create content or trying to find clients for, like, as a freelancer, how do I use AI to, like, you know, solve these problems?
Development of Toju's Features
And then I built toju. Like, the first version was a simple photo generator. And I, I was able to use the code SDK to have people tip to generate images. And that kind of gave me a bit of motivation to really keep building out different tools and different features for stuff that I just thought, okay, this was the old way of doing it and now there's AI, and now you could, instead of doing the old way, you could like add AI to probably if you were thinking about training your staffs, okay, and you wanted to not hire or do it manually, if you were thinking about customer support and you didn't want to have to hire someone, if you were thinking about YouTube videos, how to like create YouTube videos and you didn't want to like spend hours every day doing all of that.
Use Cases and Integration of AI
So I'm just trying to like build out tools or torch is really trying to build out tools or solve problems that, you know, like, there was an old way of doing it and now there's AI. And so instead of you using maybe OpenAI and Claude or any of the services out there where you don't have control of how you know what they do with your data, you could use, you should use Toju because aside from just being able to generate the content or being able to like solve these problems, you also have the ability to sell or to rent out your AI agents. And that's really where code comes. Like, code is like a perfect fit. Because if, for instance, the whole idea was to like, the initial idea was okay, you could tip agents to gain increased performances or additional support features.
Economic Solutions Through AI and Code
But then if you were going to use a credit card, the charges and all of that might just discourage users from even trying to tip agents. And sometimes you want to run like a query and it's really just 0.0 something cents, and then you have to like pay for that with a credit card, that would really spoil the user experience. And so code was just perfect. The whole, okay, you have stuff you've done, you've trained your agents and you want to like share that to the public, but you want users to pay before they can access your agent, like using the cold wallet to get tips for your AI agent. And then that money gets to you. Who trained the agent? Who owns the agent? So it was like perfect sense.
Updates on Features and Data Ownership
And we've been, I've been developing different solutions and different features. Last week I think I announced a feature we're developing called Todger things where we try using different sources of data, imported data or sync data, like your Twitter feeds, your RSS feeds. Like that was another tool we released or probably articles or from your slack feeds, you could have all that data and imported into your AI agent. And then when you run queries, like, you ask a question, it like told you would like return a response after going through your query, going through your conversation history, then it looks after returning the response, it looks through all these sources of data which you've imported and then suggest things and things you might be interested in.
Overview of Key Regions
Kenya, Kenya, Nigeria and Indonesia. And I'm going to definitely talk about Yzz TV also, who's been helping Indonesia a lot. And so if you're open, I would start from the kind of stuff that we've been doing from our side.
Community Engagement Initiatives
Yeah, I mean, maybe to tee this up. And I'll give you, James, your flowers here, too, as well. Like, you did a great job on building these local communities. And so kind of how this is set up is we have kin ecosystem, which is this x account we did a community takeover of a few months ago. And then from that, we've decided to build out community and local initiatives, largely driven by James's work. And the reason we want to do that is to facilitate business and opportunities and onboarding and experience among different regions. Because code, when you're showing someone, it's a very personal thing. It's very region and cultural specific, the types of businesses and things that people do.
Local Grassroots Approach
And so we want to make sure everyone kind of has a local, grassroots kind of place where they can go and do business with each other, but then have the larger kind of kin as a global community. So, James, maybe if you want to hop into the work you're doing. Awesome.
James and His Background
I'll just give a little bit background. I'm an OG in kin, meaning I've been in many, many years in kin, and I've acquired a little bit. Of kin on the side. And so I know everything that's been happening so far, and I love what code team is doing. I'm with them 100% until the end. And I love the technology for many reasons. One of the reasons is literally that it's permissionless, it's non-custodial. So basically, you don't have to give anyone documents. You don't have to, you know, just whether you are just an end user or a business, you can start immediately.
Accessibility of Code Technology
So that's one of the major things. I love this. It's very fast. You don't have any, like, if you use any other crypto, you have to. You have to have that kind of, like, extra soul or eth to do any kind of transfer. You don't need that in code. So a child can use code, your. Grandmother can use code, anyone can use code. And that's the reason why I'm with it. It's literally like it shows the vision of crypto for billions of users. We're not talking just a couple of 10,000 or something. We're literally talking about potentially billions of users. That's kind of like the big vision.
Financial Inclusiveness
And that's what I'm really excited about, especially for me personally, I feel very excited about all these markets where financial, you know, inclusiveness is a little bit of a problem, whether it's through high inflation or whether it's, you know, because you don't have a bank account or you don't have credit cards and stuff like that with code, you're up and running in under 1 minute. A lot of people here experienced this with, you know, onboarding friends. It was instant. You don't have to explain to them what Solana is. Nothing.
Building Local Telegram Communities
So that's kind of like my background. That's why I love code and that's why I'm with it. So for me, it's like a really exciting development. I'm also a developer, and I've been doing some stuff with it, and it's really easy to integrate. So if you are a developer out there or you just want to put it in your blog or you've been putting it in your bios on x, it's super easy. And we've seen a lot of, I've had thousands of onboards and nobody ever asked, you know, how do I do this? How do I do that? Especially with the new code update that.
Creating Regional Telegram Groups
Has been done a few weeks back, it's become even easier to share your tipping cards to activate that. So they've been fine tuning that and very well. So at a certain point, I was like, okay, you're very much doing a lot of English stuff. And then in the community, we were like, okay, let's open up these telegrams for getting these different regions up and running. And we had, I don't know who it was, but they created, like, these special flows flags with the kin symbol silhouette.
Growth in Key Regions
So then that kind of hooked up into the telegram group ideas. So we kind of decided to have telegram groups for all countries in the world. And mostly because everyone has their own culture, their own way of going about things, and to have that grow organically. And one place where this has been growing organically a lot has been Nigeria now, and then just two days ago, basically Indonesia and those groups, and now Kenya also grew very fast. So thank you to the Kenya administrator. And so we've been basically had 1300 in Nigeria, over 500 Indonesia, and 100 over in Kenya right now.
Engagement and Giveaways
And the idea is basically to blow up these telegram groups even more and build really local community with a local feel and culture and keep people engaged. We're doing all kinds of giveaways, and I want to do a big shout out to Stephen and a couple of other OGs that we've started to collect a little bit of money to do a lot of giveaways and start to grow this. And so, basically, at a certain point of time, I took a little bit of my own money, and I started to promote King Global and doing giveaways there.
Continuous Testing and Feedback
And through weeks and weeks, I would say even a month of testing, I tested what giveaway was working the best. And then we’re able to raise a lot of new kin encode registrations where people would activate their tipping cards and put it in the bios, and people were giving me feedback, how to improve it and so forth. And then it became a lot of work because it was actually more registrations than I was able to manage at a certain point in time. And just yesterday, we basically had the idea to focus a little bit more on Telegram because it's a little bit less work and could go more viral.
Building Community Engagement
So me and Steven and some other guys, we're like, okay, let's try to blow up these telegram groups to, like, say, Nigeria to five k, ten k and upwards in terms of, like, member registrations, and just start to really build some serious community there and get people engaged and look for that spot, which Tanner talked about a lot, where. Where we know that it's gonna go viral. Okay? So. So we know, for example, if we give it to enough people in this region, in this culture, that they will start to spread it to their friends, and then those all, again give it to their friends and so forth.
Community Interest and Feedback
So we're trying to kind of, like, fine-tune that. And I love how the whole community is coming together. And I've seen, especially in these three telegram groups, Kenya, Nigeria, and Indonesia, I've seen a lot of enthusiasm. And at that point, I want to give major shout out to Yzz TV also and to Gabriel, both administrators, from those major telegram accounts, because they've kept the group super engaged. They're super excited about the product.
Growth in Indonesia and Community Involvement
They've done, you know, YouTube videos, explaining it to YZ TV. He has, like, an Indonesia. He's, like, almost 12,000 subscribers on YouTube. He's explained how it works. He's done a giveaway with us. So he gave, like, tipping card, you know, tips with code to his subscribers. And you should definitely follow him. He's super cool guy. And those three administrators, I trust them, like, fully, and they're doing a massively good job.
Developing Global Community Connections
And what we. And this is now we come to the most important part. We have this link where we sort all these telegram groups, right, from all these countries. And what we want to do is open up more pockets so, of these countries. So basically, if you know anyone from certain regions, be it the Philippines, be it from South Africa, be it from.
Expanding Community Reach
You know, central, south. Yeah, exactly. So I was talking to a couple. Of people in the background who could help with that. There's a guy from India. He's kind of, like, running things at his college, and he's getting, like a, like, permission from his college, like a final permission to run all of this stuff. And he's going to do a lot of stuff. Kinships knows about it. I want to hook up Tanner with him and at a certain moment in time when he's ready to go, because he has thousands of college students in India that he could run stuff with.
Getting Started with Community Groups
And so that's what we want to do. We want to find someone, like India and Philippines where we can bootstrap and start those telegram groups. It doesn't have to be much in the beginning. I even pay the administrator from my own pocket a monthly salary. So they kind of stay involved with it and they don't feel like they do everything for free. And the idea is then, literally, to have hundreds of telegram groups with their own cultures, have thousands of people in each of those telegram groups, and then kind of monitor and engage people and put more resources in where we see potentially going viral, where then people would recommend it to people.
Financial Empowerment Through Kin
And then what happens is that literally people take control of their own finances. Don't forget, kin is 0% inflation. It's instant. You don't have to ask anyone permission. It's p two p. You can go on your own marketplace on a Saturday or something and transact with people. You can onboard them immediately at the marketplace and have them use it. And that's one of the things that I really love about it, that it's super fast, everybody can use it.
Challenges of Inflation in Various Regions
It's secure. It's 0% inflation. And we know there's regions like Nigeria with over 25% inflation, Turkey, Lebanon, Argentina, Venezuela. We have a lot of places where we are going also into hyperinflation. So, and even countries where we before didn't know inflation, we experience it now. I hear from people from the USA paying, you know, eighth $9 for eggs, which they before paid like a fourth of that.
Transitioning to a New Financial System
So we're going to see that everywhere. And in order in order to basically protect us from that inflation, we need to move on to a new financial system. And cold wallet is basically that financial system. And so again, thank you for everyone in the community. We're gonna keep you engaged, keep adding people to the groups.
Building Communities with Code
And now I come to something which is kind of like the final thought. Tanner said it at breakpoint in Singapore, I believe it was. He was like building communities with code, that it's one of these kind of like ideas on how to use code. So it's not just for developers, but you can actually build yourself communities with it. So you have basically, since you can do micro payments and you can go down to like $0.05, you know, or even less to send it to someone, you can go and do micro actions in communities.
Applying Micro Payments for Community Growth
So what I've been doing is basically in telegram, I'm almost giving away too much for competitors here. But it's like if you go into one of our telegram groups and you start adding members from your contact list, and then you dm me, I'm going to pay you for those added members. And I'm not going to say how much I pay right now, but let's just say with any other wallet, it's not possible. It would be way too much hassle.
Facilitating Engagement and Value
It wouldn't pass. Sometimes it wouldn't even be possible. You cannot do it with PayPal. So basically we're doing really tiny. I think we might have lost James there. Stephen, can you hear James? No, I can't hear James, but I can continue basically. Yeah, yeah, you're back. To facilitate engagement in the communities.
Adoption and Community Reactions
And that's. And I've seen people do the same. After they saw what I was doing. So basically, and this is something that. I want to also relate to Tanner. Because he hasn't heard that yet, is basically what I see is people using the same kind of way of engaging. With those micropayments for the communities. They kind of are starting to copy what we are doing. We've seen it in the Indonesian group, which is very cool.
Emergence of Community Practices
So for example, YZ TV, he was like, hey, this is really cute. I'm going to give this to my. Community members as well. And then I've seen this in the Nigerian group as well. So basically, you're kind of like showing people how you're using it. And unintentionally people are like, hey, this is good. I'm going to do it the same way. So we're kind of like, by doing what we're doing, people are starting to copy it and then use it for.
Understanding Community Dynamics
Their kind of like own community building and own engagements. And then they get really excited because. This is like when you hear about. Cold wallet and he's like just another wallet, you're like, not that engaged. But I've got even a couple of people that didn't even want to download the wallet because they didn't understand what it means. But once they understood what it means because they copied that kind of behavior.
Leveraging Community through Telegram
They were like, wow, what the. This is really good. Like, so you have to kind of use those communities on telegram and those groups to do what you're doing. And then people start to copy it. And that takes a little bit of time. It's not like they don't maybe like. Half a day, two days. And then it's like, now I get it.
Innovative Community Expansion Concepts
And so this kind of community building. With micro payments is kind of like. A new unlock almost that we have not maybe considered or seen in that. Kind of, you know, like expansion into different cultures. We've seen a little bit in the main telegram group which everybody should subscribe to. We are over 1800 members there now.
Demographic Growth and Engagement
So we've seen a bit there with. With the cash links, but those were people who were already a long time. In kin and invested in kin, but. Now we're seeing it with people, you know, who are coming new into this and in those communities that are regional. So. And my goal is to literally get.
Looking Forward to Community Outreach
Into all of these communities in all of these countries and build it the same way like we're building Nigerian Indonesia. So I'm going to. Nigerian telegram group is up 471% in the last 30 days to 1100 members. So big shout out to you and the Nigerian team who built out that community.
Celebrating Community Achievements
Phenomenal work. So let's get some emoji reactions in the chat there. I want to see a bunch of claps, a bunch of hearts, a bunch of 100 SDE. So let's get the vibes going for team Nigeria. That's amazing work. So good job, James.
Providing Resources for Community Development
So James, what is the URL people can go to? To see the full list of the local telegram communities and then is the best process. Let's say they're from a country that hasn't been created yet. Should they reach out to you to help get that started? Like, what's the best process?
Accessing Community Resources
Yeah. On my x right in the bio, you see a link to kincode.org which there is the full link to all the telegram groups. And you will see. I added a couple of bunch today. I opened them up, but I'm gonna take one or two days to really open all of them up.
Engagement through Telegram Groups
And there you can see all of the links, the invite links, and you. Just click on it and you can join. So that's one thing. And then if you really desire to help with the initial, like, boot or launch of a group, just let me know. We need a bunch of administrators also.
Opportunities for Community Involvement
But even if you don't want to do like, super involved, but you have some contacts, just get in touch with. Me and we'll like, we'll open these groups up. And just, even if you have like five contacts India or even just one good contact that's already like major.
Final Thoughts on Community Building
All right, I'm going to try and tee up a tweet here. So it's actually kinco.org. social media links is where I found all the telegram regions. I'm just looking through, like, Columbia. We don't have anything. Nothing for southeast Korea, Uganda, Sudan, Algeria, Poland.
Regional Availability of Code
You know, a bunch of different countries here, Peru, Yemen, Nepal. Not everyone, I don't think in all these regions can use code specifically. So do check kind of your local app store to make sure you can download code and get it set up. But yeah, there's a ton of different regions. There was even the idea, even if it's in a region where you cannot use code yet, I would still even.
Exploring Global Opportunities for Engagement
Be open up to this to open up the group and just start discussion. But it's not that many. I mean, tenant probably knows better, but I think it's just like seven, eight or nine regions in which code is not available. Don't know the exact number.
Overview of Global Availability
Yeah, it's like over 170 countries, I believe. 173 or something. So there's quite a lot of availability. 1.2, I have to drop in about five minutes, so I just want to. I'll silently drop maybe in like five minutes, but if I don't get a chance to grab the mic again.
Community Growth Initiatives
Just wanted to please go. Yeah, no, just how. But it's been really incredible to see the rate of growth from the community and just how active everyone's being and trying new things. Like, James, it's been really impressive to see how you've been able to build some organic growth in these different pockets of communities and being adaptive to the different cultural differences there.
Encouragement for Community Participation
That's been what's exciting. Like, we look at this space right now, and I look at some of the names. I've had a chance to get connected to a bunch of people that are on here, and it's a very diverse geographic representation, which is much different than. Than it was even, like, a few months ago. So just wanted to encourage everyone here just to keep building, keep getting plugged into the community.
Open Communication Channels
And if you have thoughts or ideas, I'm always happy to chat and see how we can be most supportive. So just send me a DM. Yeah. When I said please go, I didn't mean, like, leave right now and if you had any updates or anything, Tanner, I don't know if you can give us any, like, you know, peek behind the curtains a little bit of what.
Insights on Product Development
What's coming. And just before you leave here. Well, we. We for that show over tell. So I would just say there's a lot of awesome work happening right now on both product and infrastructure. And stay tuned because we like to ship fast and get feedback. So I'm looking forward to rolling out some more product and getting people's thoughts.
Introduction of Flip Chat
What is flip chat? What is flip chat? Flip chat's a very. It'll be a basic app to start, but it's a. This concept of being able to pay to chat, a problem that we've identified for well over a decade, actually. One thing that people often forget is Kik was the de facto DM layer on top of a lot of social platforms before Instagram or Twitter had DM's, so people would share their Kik username.
Addressing Communication Challenges
So we're very intimately familiar with what DM's are like and also the challenge with the noise of DM's. When you have open DM's, it's hard to filter for signal and noise, and it's. So it's been this kernel of an insight for a long time about what it would look like to be able to pay to chat and be able to charge a small amount for someone to send you a message. And I can open up new business models, but also act as a high signal filter for what is valuable connections and being able to go deeper on connections online.
Future Development of Flip Chat
So flip chat is something that we're working on. That'll be first iteration of this concept of pay to chat. Yeah, that's awesome. Thank you for elaborating there. I always try and pull a little bit of alpha out of Tanner every time I have Tanner on spaces.
Acknowledging the Team's Efforts
I know that and I appreciate it. Always happy to chat about things, but I also. The team's doing an awesome job building product and infrastructure to support that. And I think it's way more fun to show it than talk about it.
Urgent Reminders and Team Achievements
So that's why I also talk as little as possible, because it's better to let the product do the talking, of course. And I think I got you for one more minute. So just about the vms specifically the goal there. And the VM is really important piece of technology in the stack because it allows for really infinite scalability, which is currently the wallets.
Infrastructure and Scalability
You have to pay fees or code pays the fees on behalf of the users. That's another day. We don't need to discuss that today. But maybe just the rollout strategy here is you're testing a little new bit of infrastructure also with Flipchart. Is that fair to say?
Advantages of Innovative Infrastructure
Yeah, exactly. One of the benefits of being able to build something net new is that you can build on this new infrastructure without doing a migration. So it allows us to get in the game, testing the VM early without having to migrate old accounts. So that'll be something that is, I mean, helpful for us and then also allows us to move fast.
Tanner's Departure
Awesome. Thank you. You are free to go, sir. Appreciate it. I don't, I don't want to drop, but I do have to drop because I have something at two and I should prep a few minutes before that. Of course. Have a great day.
Continued Discussions
Yeah, we'll talk soon. Yeah. Awesome. So a lot of really good info there, James.
Discussion on Micropayments and Community Engagement
I think you may have came off mute there real quick if you want to. Yeah, I fell out. I wanted to add something more is, I don't know, maybe some people noticed this already is I was talking about the micropayment being used for kind of like community actions. And I've been talking about this a little bit and we thought about how. To use this and I wanted to use this space to get a little bit feedback on the following. So what's been happening is that with. The micro actions or micro payments and. Actions, is that we've been able to successfully do raids on famous celebrities and. Big accounts on X. I'm going to explain it. So basically, if you have an Elon Musk or any kind of, you know, hugely follow, you know, account, it doesn't matter who, I would post something to their post, like in the comments, and then I would reshare that post and I would tell people, hey, go rate this comment with your tip card, like. The post and so forth. And what has happened is that we ended up on pretty much every raid on number one position, which means that we had, let's say from 500 views up to, like, 10,000.
Success in Raids and Visibility
Even one position in one. One raid. It was like, 20,000 views on just one raid. And those eyeballs are high value, of. Course, because it's not just, you know, anybody who sees it, but it's literally, like, big, big guys. We were even positioned two under. I believe it was an Elon Musk raid. And position number one was Vivek. They're the politician, entrepreneur, businessman. And were, like, on number two, and we held that for quite a while. And that's, you know, the highest target you could ever rate. Like Elon Musk on X, basically. And any kind of lower target, we always got number one. So. And then I was talking to Stephen. We were talking, like, in a strategic group about this and was like, okay, let's hold off on this a little bit and see how we can use this. And especially to not get, you know, banned or booted for, you know, doing these type of raids. So that's, like, we need to discuss that and also, what kind of image do we want to represent in those raids?
Branding Tools and Low-Cost Engagement
So. But these. It's important to say these rates do not convert to followers or tipping card registrations, but they do convert to eyeballs. So it's more like a branding tool. And so that's. That's open for discussion. And there was one more thing to the rate that I wanted to say. Oh, yeah, they're super cheap because I basically tip one, two, or three people in the raid. So the raid costs like, one through two or $3. It's not like we need to pay, you know, intense, you know, amounts of money in order, you know, to get into those positions. So I just wanted to say that those micro payments unlocked this, which was quite unexpected, and just wanted to put that out there. And. Yeah. That'S incredible. I need to get my own account getting these raids going, because I definitely want to be growing that following.
Involvement of Audience Members and Insights on Techniques
I see Liam also in the audience. Liam, I think, running some content Solana base like Liam, we'd love to see what you think of some of these techniques that we're using code for. I think you'd find them quite interesting, and you could use them fable. I know you're in the audience, too. I been inviting you up. You're up here earlier. I wanted to go to you next. I don't know if you can hop back up and just introduce yourself and the product that you're building with code. Let's see if I can get you up. I see. Might even invite Liam just for the culture. We're just riffing out here. Steven, we haven't heard from you yet. How are you doing, Stephen? I'm doing really great. You know, I saw what James was doing and I said, how can we get you more resources to move this up and faster and better?
Discussion on Growth Strategies
And I was like, I want to get code activations and I want installations up. And it's interesting because we had great success this week doing that. You know, we, with, you know, under 600, with about dollar 600 spent, we got over 850 activation. And the reason why that kind of slowed down towards the end of the week is because we realize, oh, well, maybe this isn't the, this is not necessarily the best thing to do, because it doesn't really matter if we get code activations, that people just download it, set up their tip card, and they never use it again, you know? And what I kind of realized is the most important metric in my mind is to get people that will fall in love with kin and fall in love with code and fall in love with what. How easy it is to use money.
Importance of Community Building
For the first time in history, we have this tool, this money tool that lets us interact with anyone on the planet, free, instant, and privately. And that's, to me, that's the most important thing, is bringing on people that care about this tool and are going to continue to use it every day and continue to share it with their friends and family, and to use it in their community and globally. So, and James, I think, came over this great idea of using the telegram groups to build community. And I. I've been thinking about it really overnight, the last couple of days, it started to become more clear that these telegram groups, while they may not translate directly instantly to code installations yet, what I.
Potential for Viral Growth Through Group Engagement
Look, what I'm likening them to is a place that in the future, the near future, code will get to go viral in. Because if you don't know that code exists, if you don't know that can exist, how can you possibly go viral? And so if we can build these telegram groups up into the tens of thousands, which James is very confident that we can do very quickly, and if we can have regional groups that are 10,000, 20,000, even 50,000 people, we can have a place that maybe they're not using code yet, maybe they're just not even active. But if they're looking at their groups, their telegram groups, and they see these groups, that's 10,000. Whoa.
User Engagement and Community Dynamics
What's the 10,000 group? Oh, I might, you might go in and look at it every once in a while. I know. I look at my little tell. I have my telegram groups, and I'm like, oh, there's the 80,000 group for Solana. I better go and look in it every once in a while, see what's going on. And if we have these groups that are not just Solana, but not just kin, but kin Nigeria, this is my country, or kin. Kin. Indonesia, this is my country. Or kin. United States, this is my country. I might go in and be like, huh? What is this thing? And at some point, you know, people are using money in it, and they're paying each other and they're having fun.
Achieving Stickiness in User Engagement
You're like, what is this thing? And I. People inside the group start to use code and kin more and more. You start to get actual sticky users that are actually using it every day to do things. And so I'm looking at these groups as places where in the future, it is a place that will allow code and kin to go viral. So I think James had a very good idea. And, well, and as you can see, like, our tip card activations dropped off starting on Thursday. Like, were getting hundred over 100. Saturday, over two over 200. Sunday, Monday, we stopped doing anything, got 80. And then Tuesday, Wednesday, were over 100 again.
Community Building and Future Aspirations
And then Thursday, we just started to focus on telegram, and we dropped under 100 to, like, 85, which, honestly, you know, every single tip card activation is expensive currently because the VM hasn't come out. So, I mean, I think efforts towards building community, effectively building numbers in our telegram groups is a really effective tool that will get utilized in the future. And even today, you know, in these groups, people see that are active. There are, you know, you're getting over 100 people active now in Nigeria, you're gonna start getting that. In Indonesia, this is gonna happen. And they're gonna see money flying around, and at some point, they're gonna be like, I better get it.
Call to Action for Adoption
I want in on some of the money. I better figure out what this thing is and go through the effort to download the app and figure out what it is. So I love it. I really want to shout out to the community to that. Kind of threw a little bit of cash towards James to get that started. Code has as well. And I think in the future, we're getting a little bit more support from code to help support that, and we have still more support from the community. So we're getting a nice budget to keep that moving forward. So my goal is I want to get million people into these telegram groups, and then we can have a place that will just go viral naturally within the groups, and then that will only naturally go further.
Personal Investment in Growth and Infrastructure
So, yeah, I love it. Honestly, this is. This is what we're doing. It's actually one of the reason I own a lot of kin is because one day I think it can be used to drive behavior on the Internet, and we're starting to see that. And what's great is, and this is, you know, just to let everyone know, is not doing airdrops. There's no airdrops. So what people are getting in value are coming from other users. It's like peer to peer value. Rather than fake Internet money being airdropped, that's just diluting holders. That's not happening. So we're doing all this growth purely organically and purely just by.
Effectiveness of Micro Payments
I had to buy my kin in order to give it to Steven, who then took that and used it to grow the overall ecosystem, which is good for my holdings of kin, because then my holdings, presumably supply and demand, goes up in value. And that's me speaking as Josh, the individual, not kin, the account. So, yeah, really exciting to see all that happening. I'd like to add just a small thing. Yeah, go for it. Yeah. Stephen, on a lot of the things has been the brain, and basically also he's helped me offload kind of the work in terms of, like, motivating people to get the money to me because I've been so extremely busy with, you know, running the giveaways and doing all of this stuff.
Team Collaboration and Acknowledging Contributions
So we are kind of, like, we built, like a. Like a back office team, kind of like, where we, like, throw this back and forth. And I just wanted to give him, like, a lot of credit also, for without him, you wouldn't be doing this as well. Amazing. Thank you, Steven. I want to get to fable. I want to give you a chance to introduce yourself. You're next up on the program. Let us know what you've built with Ken and, yeah, how can people use your product? Hi, GM. Everyone. Yeah, you're good to go. All right, thank you so much for this opportunity.
Introduction of Fables and Its Features
So, first of all, my name is Michael. I'm building. I'm the founder of Fables, and we started building the product during the Renaissance hackathon, and we transitioned from data version, and now we're trying to do a lot of research, come up with an NVP to basically have something that we can offer our users to test with. So basically, stable is an AI powered tool that speaks of creativity for writers and brands. So along the way, I came across cryptocurrency and I made, I fell in love with this cryptocurrency. And it's just an amazing experience seeing how we could make micro payments.
Monetization Opportunities through AI-driven Content
So basically, when users form a platform, they can pay for very low fees to use artificial intelligence to generate stories. And the catchy thing about it is AI stories can be generic. So we offer tools that users can use to customize those stories. And we're seeing that the digital market is growing rapidly, so we are trying to capitalize on that. And we're also helping writers also to also be able to monetize their content on our platform. So when users pay with chain to change story, they can also receive payment with chain. So when someone comes to the platform and maybe they like the content, I mean, they can read it and pay some games.
Ensuring Value for Users and Content Creators
So we just found out it's a win for everyone. And also we've been able to see that. I think it was Steven that made a statement that it doesn't make any sense if someone just downloads the code app and they are not doing anything with it. So, I mean, we have a winner that, you know, we just keep people downloading the app and, you know, the king currently just keeps flowing through the ecosystem. So currently we're building for the radar hackathon and we currently have an MVP. So very soon we would release something that users can test out and give us feedback.
Call to Action for Feedback and Community Involvement
So, yeah, that's just a brief description of what we have to offer. Awesome. Thank you for joining us. So today, can a user use fable or is it still kind of in beta and, you know, it's kind of like a coming soon opportunity? Or how should, what should people do today with your product? Just follow fable to hear more. Like let people know what they should do for a call to action. All right, so right now, as of today, were able to share some things with some writers in our community.
Encouraging User Feedback During Beta Phase
So we encourage them to use the application to test it out and give us some feedback. So currently we're more in a beta version, more like an MVP. So once we have like a full launch, we will be notifying users, but very soon we should drop something that users can test that and give us. So users should expect something in the next couple of pretty soon. Okay, awesome. So go to fable, try the product, and definitely give them some feedback. Cool.
Fostering a Community of Writers
Is there anything else you wanted to add about your product or kin or code? Basically, I just encourage a lot of people to jump on and get put up, and I'm seeing the revolution that's going on right now. Mike, for me, we have started adopting it, and then, as I said, we really encourage a lot of writers, but we have a huge community of writers. I mean, we're one of the target audiences that is for our product. So they can really help us to drive this cryptocurrency to keep it moving. And, I mean, that's the objective.
Discovering the Advantages of Cryptocurrency
I mean, at first, we. I just actually. Discovering this cryptocurrency is just an amazing journey. Amazing. Well, keep letting us know. And if there's writers that create content using fable and they have their tip card or paywall on it, we want to direct traffic to it so we can help them earn some money doing this, and maybe people can discover their writing. So keen to facilitate some of that, just tag the Kineco account.
Engagement and Networking Among Community Members
Dm us on something that you want promoted, and, yeah, I'll make it happen. Liam, maybe. Welcome back. It's been a while. How you doing, mate? Yeah, I'm very good, thank you. Very good. Sorry for signal was bad. If I keep dropping out, I do apologize, but on the move at the moment. But no, it's glad to be back. And I just wanted to say well done for everyone on Twitter. I actually checked in the other day, and, yeah, kin was everywhere on Twitter on that day, and, yeah, and it seems to be going really well, so.
Acknowledgment of Community Efforts and Growth
Yeah, well done on that. I have actually tried code a few times. Actually tried it with my wife and a few friends. It's looking really good. So I'm very excited to see the adoption of code, and I'm glad that you guys are coming, who was speaking earlier, but well done on getting all the members to your telegram and all of that. Sorry, madame. No worries. Yeah, thanks, mate. It's been. Definitely been a journey.
Current Engagement and Future Plans
So maybe a bit about what you got going on these days. Like, what's Liam focused on? What do you do on axe? Yeah, give us a low down. Sure. So I'm a part of a few kind of, like, startups at the moment in the crypto space. One of them is kind of a banking app. I can't really disclose it too much at the moment, but you'll see it on my feed when I can talk about it. But other than that, I am on different spaces.
Opportunities for Community Engagement
I speak on quite a few large spaces. And, yeah, if anyone wants to jump in from the kin community and join me at some point, you know, jump up. I know there's a few of them, like marty space. I know that's more traders, but, I mean, they're always interested to learn about different projects, and I can always start up a space at some point if you guys do want to chat. So, yeah, not up to. I can't really share too much, really, about the apps I'm kind of working with, but you'll see that in a few weeks, hopefully.
Personal Engagement and Community Contributions
Other than that, just shitposting. Awesome. Well, yeah, I actually would love to join some. I was trying to figure out how to get Kineco system a little more viewability on some spaces. So, you know, I think we have a lot of people that can kind of share the kind of what this project is doing. I'm always happy to bring the big account along as well as my own. But, yeah, I think getting more visibility on this project. You can look around a lot of crypto, and there's many crypto projects, I would say 98% of them.
Perspectives on Project Viability and Growth
If they disappeared, no one would notice. There's a lot of projects out there that are pretty, you know, not solving a problem or it's just kind of people sending memes to each other, which is fine, you know, each their own. But I think this project has real potential to make things happen and, you know, the best days. And I actually wrote a thread about where I think we are in the cycle. Like, right now, we've completed a lot of the infrastructure building.
Advancements in Code Infrastructure
So, code, yes, it's a great wallet, but what people don't see in the back end is it's kind of a layer on top of Solana that makes Solana really fun and easy and amazing to use. But there's also other pieces to it. You know, even like the little QR code you see on your tip card. That's a piece of technology that, you know, Kik had developed very long time ago. You also have the vm, which is a mini blockchain within the Code L two, that provides just infinite scalability so people would be able to create accounts soon without phone numbers.
Addressing User Issues and Future Developments
I know a lot of our indonesian followers have had some issues with phone numbers, so we're hoping that is solved really soon. But, yeah, we're kind of moving from the infrastructure phase to now, the product phase, where a lot of products and services and business models are starting to be developed. And then we'll get into the business phase, which, in my opinion, is kind of the most exciting phase. It's where, you know, there's a lot of use cases for kin, and people are able to build a business model.
Building Value Through Business Models
They're able to, you know, build their wealth or build their value in, you know, using this kind of network, micropayments network. And anytime you can build a business with the products that you're using in crypto, I think that's, you know, a very rare and exciting thing for the project. So, you know, also say is like, this is a really, really interesting time that we're coming into, and I think we'll get pretty far if you start telling. Stephen just asked me to say something.
Community Engagement Initiatives
Post your tip cards on your comments and we're going to tip some awesome. So, yeah, so I'm just. Stephen, do you want to explain what you just sent me rather than. Okay. You don't want to explain? Okay. All right. Got it. All right, thanks. Yeah, thanks, Steven. Anyways, drop your tip cards into the replies of the. Yeah, go for it. Hello, someone, ayinma. How are you doing? Yep, you're on spaces.
Listener Engagement and Community Interaction
Would you like to speak? All right. I don't know if that person knows that they're on, Mike. Yeah. Let's get tip cards in the replies. I see that we have hit 70 people that are live on this space. That's amazing. So shout out to all of you. If you want to come up and ask questions, please feel free to do that. Would love to have you shout out Brandon. I see Brandon in the audience. Brandon works at code, and I've met Brandon.
Recognition of Community Members
Brandon is a really nice human being. Absolute legend, as I would say. Yaz T, I sent you an invite. I don't know if you speak English, but you're also welcome to hop up. Just had another person requests, so, yeah, I think a lot of exciting stuff going on. James, I would love to hear from Yasty because he's the indonesian youtuber with the 11,000 subscribers. So if he feels he wants to add something, it would be super interesting because I don't think a week ago he knew about code, and now he put out those videos and he's part of the community.
Inviting New Voices into the Conversation
And so I think his viewpoint could be pretty interesting. In any case, you should follow him. But if he would come up, it would be nice, but not necessary, of course. Hello?
Introduction
Hello. Yeah, thank you very much. Please. I just. I just found out about code. Not quite long. I've joined the community ninja community, and I'm trying. I tried to. I downloaded the application. I was trying to register. I was sent a token. Token. But I couldn't type in the token on the app. I don't know what was really going on with it. So. I need to bring that up.
Issues with Token Input
James, did you hear much awards? Something didn't work or. I didn't understand exactly. If something didn't work or something like that. Exactly. Like, I got the token, the verification tokenization. Why? Trying to put in the number. I was not allowed. I'm not. Okay. Yeah, yeah, yeah. This is something that we just talked about that basically we do have a little bit of problems with a few phone numbers.
Phone Number Issues
And in the future, like Josh said, there will be no need to use a phone number. But that's a. That could be a little bit further out. Like a few months maybe, but I. At a certain point, there will be no need for a phone number. Now, if you. If you send me. Yeah, if you. If you send me a screenshot or your number in the text in DM's, I can forward it and see that it gets unlocked.
Obstacles and Development
For some reason, certain numbers are right now being blocked. I know this is being happening in Nigeria, and I know this Indonesia, and code team knows about this, and they're looking for a solution. And Tanner. Tanner said to me that they will need a couple of engineering cycles to completely fix that problem. And so it's a known problem. Send me a DM and I'll try to get that phone number unblocked. I'll do that.
Discussion on Kin Price
Awesome. James, I don't know if you had any other items that we wanted to discuss today. Maybe just more like a commentary forwards the price of kin right now because the price is going down a little bit. But we know. We've been discussing this with a couple of guys. We've been discussing this a little bit. It. That the. That we know certain people were selling some of the kin that they hold for a long time and they can have any kind of reason.
Market Dynamics
But I want to say this, that because kin has 0% inflation and no further kin is being introduced into the market, that means that eventually, at a certain point, it will find its low, and that will be actually a good entry point, because from there, it won't have any other room, basically, then to go up. So this is like a temporary thing that it's going down right now, and especially because new product is being developed and the VM is coming out, which then we can go viral.
Tipping Cards
And for people to understand the tipping cards, they've come out on August 8. So before the August 8 of 2024, there were no tipping cards in code. So the ability to receive using tipping cards is super new. And we've seen a lot of new traction. The baseline registration numbers per day were around ten to 13 activations. And then with added marketing that we've been doing on King Global and the giveaways and everything, we bumped this up to like 100 to 300 per day.
Creating Engagement
So all of this is super new. We are looking, basically, we're looking at an almost completely new product. So it's not like we've been doing this like for years. And so we're really seeing new kinds of traction. And I hope that with the telegram groups we'll see this slowly going viral and then of course it will translate. To the kin price eventually.
Marketing Strategies
Yeah, that's actually great commentary. I appreciate you bringing that up. And I'm just masuar, I'm going to mute your mic so I can hear the feedback. To provide a little extra context around the no inflation thing is all the outstanding kin that individuals did not own was burned and that was kin that was owned by the old Kin foundation and they gave it out to developers.
Airdrop and Current Offerings
And frankly, just, you know, it was very dilutionary. And so all that is gone. So that's why, you know, we don't do airdrops here. None of that. It's keeping. The only way for you to get kin today is by either providing value to someone and they tip your tip card. So, you know, the best thing to do is like create content about can and code.
Building Community Engagement
Create, you know, not just onboard your friends, but record yourself onboarding your friends and then post that on x host parties where you guys, you know, serve drinks or food or something and then use code is kind of the way to do that. But also, you know, record that experience happening. Like those are the types of things that are going to attract tips and, you know, money kin transfers from people.
Exploring Additional Earning Methods
Also like keeping a lookout for cash links. So Razor, Chad or sort, I mispronounce your name, replied with $5 for the tip links. I'm assuming those already got claimed, but, you know, keep an out. Look out for tip links. James, how else can people earn kin? I think the most valuable right now, if you want to help grow the kin ecosystem and grow the kin community, is go into the telegrams, click on the title of the telegram groups.
Growing the Community
There you will see plus add members. And you click on the plus add members and you start to add active or contacts that might be interested in kin and code and you add them to the telegram groups. And that way we start to grow the groups. This is, I think, the strongest way to right now add to the community. And then you dm me with a screenshot of the people that you've added because it will show in the group.
Success in Community Growth
And then basically, I will tip you for those added contacts. And we've done that super successfully the last two days. And we're gonna really, like next week, you're gonna see a lot of that. Like, if you come in there and help with those communities adding your contacts, you're going to get a lot of cash links.
Understanding Kin's Availability
So the only ways to get kin today is to either buy it and you can buy it in app or you could buy it using Jupiter or to earn it by helping grow the ecosystem. Either way, both those avenues are helping to drive growth and adoption into kin. And, yeah, so the other great thing to do is if you have code, is to ask your friends to pay you and kin, and they're going to be like, oh, what's Kin?
Fostering Demand through Network Effects
It's like, well, pay me and kin, I want kin. And the reason is once you get enough kin, you're like, man, this is actually like worth a decent kind of money. This is exactly the same thing that happened to bitcoin like ten years ago, is people started to get bitcoin, then they realize, wow, this thing went up in value. Bitcoin is kind of interesting.
Explaining Value Proposition
My purchasing power. So my purchasing power has gone up. And now maybe I'll spend a little more money, maybe I'll ask my friends to pay me in bitcoin or I'll accept it for payment in my company. And so this is the type of like network effect that we're starting to see happen and generate. And it creates demand for the underlying currency.
Driving Demand for Kin
So when you say, hey, pay me and kin, and then that person says, oh, I have to go buy it through Cado in app, that then buys it on the open market and it drives demand, and so the price goes up because, you know, that's how supply and demand works. So that's the type of network effect that bitcoin has achieved. Obviously, other cryptocurrencies have achieved it.
Community Sentiments
And what we're starting to see happening with kin, so not financial advice, you know, I don't know what's going to happen to the price of kin ever, but we are trying to create demand for it by just people using it to pay each other. Okay, thank you. Thank you, James. My question is, I have a question about this particular product.
Concerns Regarding Growth
I realize you guys marketing strategy based on zero inflation. I want to ask what if you guys go to about a million to billions with this thing change or this is what you guys based on Zelle inflation. Yeah. So I'll answer this, and then, James, we'll see if you have a different take on it too.
Understanding Value Growth
So what will happen if the value of the network grows? So what that means is the overall tokens are worth more in dollar terms now. They're still only the same amount of tokens. So currently the supply is like 2.6 trillion total. Now 800 billion plus of that is kicks. So those are locked away and aren't part of the circulating supply. So it's actually even less.
Defining Circulating Supply
It's about 1.9. And then if you look at the second top wallet, it's about two to 300 billion kin. And that is the ERC 20 bridge. So those are kin, yes, owned by people on Ethereum, but they have not bridged over yet. And so that's another about 250 billion. So right there, the true circulating supply of kin is about like 1.5 trillion, let's say that number.
Token Value Consistency
So the total number kin will not change whether kin, the network, is worth a billion dollars or where it's whether it's worth $1. So the overall amount of supply will not change. And that is set in stone, kind of in the same way that bitcoin supply. Why? Is set in stone, right there will only ever be 21 billion bitcoin, etcetera.
Purchasing Power and Market Viability
What it will do, what will happen though, is everyone's purchasing power will increase. And so this is what I mean. So today, if I want to send $1 of kin to you, Mousswar, I'm sending about 45,000 kin. Now, if kin ten x is in price against the dollar, for me to send that $1 again to you next week, when kin is ten x, it only cost me 4500 kin.
Perceived Value Transition
So four point five k. And so what happens is I'm still sending you a dollar, but I'm using one 10th the amount of kin to send that dollar. And what I think will happen is that as the price goes up, the purchasing power of people who owe kin will also go up. And so then they will want to spend it.
Expected Growth in Spend
They'll be like, oh, I want to tip people. I want to pay people, I want to try fable and I want to try toju. And I want to spend money for people who are growing group chats and all the other businesses and services that are going to be created with kitten code. They'll want to go spend a money.
Community Support and Economic Resilience
And what that will do is attract more developers, attract service providers, and attract people who will provide those services to earn that money. And in a lot of local regions, around the world, like, you know, you get $10 in certain parts of the world. That's a fair amount of money. So I'm really excited for that future.
Encouragement of Local Usage
James, I don't know if you had anything else to add there. Yeah, sure I can. I think that exactly what Josh said, as the value will increase with a network effect, so the more people that use code, the more they will be interested in kin. And as kin supply is 100% finite, there's no extra kin.
Market Demand Amplification
It basically, they need to buy this on the open market, and so the price will increase ever faster. And so when the price increases, and basically, people start, just like Josh explains, start to have more in their pocket just because of that. So even if you bought, say, $10 in kin in code today, it might be worth $100 in basically, say, a year.
Recent El Salvador Example
Okay, so for the same amount. Sorry, for. For the $10 you bought, you actually have 100 then in your code. A year later, if people are interested in kin, and then it's going to happen. Like, it might have happened with bitcoin, because there was, for example, in El Salvador, which you might know is that it has bitcoin as an official currency now.
Importance of Community Dynamics
It started all in El Zonte, which is a small village in El Salvador. And what happened is that a California bitcoin billionaire who got rich by holding it for a long time, just like as if you were holding kin for a long time, he started to send $30 per week for each citizen living in that village every single week.
Building Circular Economies
So you would come to a kiosk every week, and you would get $30 just for proving that, you know, that you're there, that you're a citizen of that village. And over the following month, it became a circular economy because everybody had $30 per week in their pockets with bitcoin.
Economic Activity and Services
And then eventually, people started to buy and sell groceries with it and the pharmacy and restaurants and everything. And that was kind of like, you could almost say, like a. A goodwill airdrop, like a charity airdrop by that California billionaire. And that's the idea that Josh basically just said that as kin grows, more people that are benevolent, like.
Spreading Kin for Community Growth
Like that billionaire was, would then pick certain regions and just start dropping, you know, cash there and kin there. And. And that way, you know, people would start using it amongst each other because they don't need to all buy it in a certain village. So it's basically what you would call.
Promoting Alternative Economies
Then a circular economy, which you where you don't even need fiat anymore. You wouldn't basically need the naira anymore. If you say you're in Lagos, about every. I mean, Lagos is a large city, but let's say a smaller village with 10,000 people. And everybody uses code and everybody has, you know, let's say 100,000 naira in there.
Benefits of Economic Systems
Then there's less and less need for people to use fiat. And then it starts to spread more and more because people will see the benefits. And especially in Nigeria, where you have 25% plus inflation, it makes more and more and more sense to use that. And this is something that over time, we'll have to talk about a lot because it literally saves you from losing.
Value Preservation Mechanism
Value in your pocket. Okay, thank you. Thank you for that. James. I asked me to send you. To send you a dm. about the technical issue. I'm having taken that on twitter, but your team was disabled. Yeah, I will. I will follow you back and then it's enabled.
Communication Channels
Or in. In worst case, you can come in the Nigeria group in the telegram. I'm always there as well, so you just let me know there, but I'll remember to follow you back and then you can dm me. Or just if you comment under one of my posts, I'll also see that.
Encouraging Positive Vibe
Okay. Cool. Yeah, I mean, that was a little window into the potential network effects that we're trying to facilitate. Now, keep in mind, like, everything, no one can guarantee to you that, you know, Kin will perform in the ways that we've described.
Market Realities
That is completely up to the free market. And, you know, what happened. So it's the same way that someone buying, you know, bitcoin at $5 they can't get, couldn't guarantee to anyone that it would hit 60,000. That's just based on adoption and people going out and using it and kind of that happening organically.
Final Remarks
So just, you know, want to have that disclaimer. There is, you know, nothing is guaranteed. I also maybe will talk a bit about a couple. I gotta head out in 15 minutes, so we'll cap this space in 15 more minutes. But I just also want to highlight a few things from my post where I talk about relentless community is the secret sauce.
Driving Community Conversations
And so basically what I'm describing here is what we want to see on X is people talking about kin showing success they are having with it. So if you're getting money from, let's say, a tip or someone sends you money, screenshot that and put it on X and say, hey, thanks, everyone, for sponsoring my piece of content.
Acknowledging Contributions
Really appreciate that. Those kind of things will drive more interest because people are like, oh, like, wow, how do I make $5? And I've sent people $5 in this community for content that they created. So screenshot that, add that to the post that you posted. The other thing that's going to matter for next year, and this is kind of like, I think in the next twelve months, is creating a positive community vibe.
Community Dynamics
So we've seen some users come into the main telegram and just, you know, not come with a positive vibe. They come with a, you know, a skeptical vibe or like critical vibe. You know, if you're going into these telegram communities, these are not public spaces. They are privately held telegrams.
Guidelines for Community Members
Yes, everyone is welcome, but it is a privilege to be there. So, you know, some of our rules is you can't insult other members, you can't show other currencies. We are here and only to focus on kin and the growth of kin as well as code. So, you know, make, you know that when you join, you know, yes, you can ask questions about the project.
Encouragement of Inquiry
Yes, you can, you know, raise concerns and talk about things, but it needs to have a seat to understand outcome is like where you're a, you're trying to understand something. You're not like pointing out a fault because if you're just here to point out faults, like, I can find faults in every single thing, you know?
Developing a Positive Environment
So we just want to have like a more positive vibe. Yeah. Let's see what else is. Yeah, I would love to add something to that because it fits perfectly to what you just said. The Nigeria community has been absolutely amazing.
Celebrating Community Support
It's so much fun being in the telegram group. They've been also welcoming me. So because I'm not from Nigeria and I still keep, you know, pushing in there and posting cash links and it's a lot of fun. The people are awesome. I've had literally like zero issues in the Nigerian telegram group, which is absolutely amazing.
Future Outlook for Nigeria
And that's why I see huge future in Nigeria because there is optimism. Nobody's complaining, nobody's greedy, nobody's, you know, what do you call it? Ungrateful. They're exactly the opposite. Super grateful. It's a lot of fun. People are chipping in, helping. It's a real, like a community vibe there.
Acknowledging Community Spirit
So shout out to all of the Niger people. That's amazing to hear. That's exactly what we want to hear. You know, shadow Nigeria. My dad, fun fact, my dad actually was born in Nigeria, in Joss, Nigeria, which is central Nigeria, I believe. But yeah, huge shouts to you guys, building that community vibe.
Recap and Closing
I don't know. James. Am I missing anything? I think I captured, basically. Yeah. I think we're through. I think we covered everything. All right, cool. So maybe we'll cap it. There a bunch of stuff going on. Bunch of new builders again. Hackathon coming up.
Continued Efforts and Support
Yaz T. Love what you're doing. Growing Indonesia. Keep grinding. Making it happen. Keep creating content. Use your code tip card on streams that you're doing. Content you're doing, you know, keep rating tweets. You'll get tips for rating tweets, all that good stuff.
Encouragement for Future Interactions
Follow kin ecosystem. Check out the pin tweets, and, yeah, looking forward to seeing everyone on. On the next session. James. Yeah, go for it. Yeah. One last thing from my side. If you're really fucking rich, then send me some kin.
Philanthropic Opportunities
We will use that to grow the community. If you're a whale. That's right. If you're a whale, please go and buy some kin and send it to James. I think there's really easy to do philanthropy as well. So if you're someone who likes to give to other people, especially in other countries around the world, we can help facilitate the right people to make that happen so that there's a direct impact.
Facilitating Growth and Collaboration
So let us know and we can facilitate that. If you're building with kin, let me know. I can facilitate your content on kin ecosystem. If you want to hop up on spaces and talk about whatever. And you're listening to this, like, please, DM's are open.
Conclusion
All right, everyone, we'll cap it there. Have a great weekend.
