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10-Min Pitch: Projects Be Shill’n
Recorded: Dec. 3, 2025 Duration: 0:49:30Space Recording
Short Summary
In a dynamic session of the 10-Minute Pitch Show, PypeGDAO and BlackPay unveiled their innovative projects aimed at bridging the gap between blockchain technology and real-world applications. PypeGDAO is launching a tokenized fund to support scientific research, while BlackPay is introducing a utility token for the mining industry, both highlighting significant fundraising and yield opportunities.
Full Transcription
Thank you. Thank you. Good morning, good afternoon, and good evening, wherever you're at in this crypto world.
My name is Cody, and I will be your host for today's episode of the 10-Minute Pitch Show.
Thanks, everybody, for tuning in. We appreciate you guys.
If you are here to pitch your project, be sure to send me a request,
and we'll get you guys up on stage as quickly as possible.
Bear with me here for just a second.
I need to send out a couple more invites for those that have registered.
So bear with me and yeah,
we'll get this thing kicked off here in just a second.
If you haven't done so already,
definitely get this space a share so that we can get it out to the masses and beat X's algorithm
so that we can reach broader audiences. We'd appreciate it. Likewise, definitely with the
speakers that are participating today, please be sure to give them a quick follow. So give me one
second. I'll be right back. All right, those invites have been sent out and let's get this thing kicked off and going so if
you're new to the 10-minute pitch show uh here's how it works basically uh when called upon you
will get 10 uninterrupted minutes to basically shill your project uh the only house rule is that you can't talk about price of your token,
anything that would do along the lines of market manipulation or price speculation of your token.
So please stay away from that. That's the quickest way to get yourself booted off stage.
Likewise, as soon as your 10 minutes is up, your time's up and you'll be basically escorted off of the stage.
But I do tend to give you guys a two-minute warning, so be listening for that.
We do go at random here.
However, since we have some new people that are joining us,
we'll let the PypeGDAO guys go first.
Your guys' 10 minutes starts now.
Go for it.
Hey, Cody.
Hey, everyone.
I hope you're all good.
We are the PypeGDAO, and this is Batzi,
a.k.a. BatziRamoguji.Wallet.
Behind the account, I'm the founder, the boss, the don, the commander, the hefe, captain
of the project and I'm here to shill. Okay so the PipeGDAO, we are a members-only impact-fi ecosystem that transforms university research into real-world innovation via decentralization and a tokenized DSI fund. Okay, so every year, so this is the problem
that we are solving. Every year, billions are poured into university research and development
projects and yet 83 percent of European university inventions never reach market
this is known as the European paradox and you know and of the 17 or so percent that do get funded
on reach market, they have a 95% success rate
compared to purely commercial ventures
and this is due to a number of issues
so obviously there's a funding gap and this is due to a number of issues.
So obviously there's a funding gap.
There's also a lack of technology transfer
between academic researchers and commercial ventures.
And there's a risk averse culture in Europe in general,
but not just in Europe,
and it's in universities in general as well.
And we've built some technology, so hybrid web 2, web 3 ecosystem to solve this problem.
So we bridge academia and impact investing by tokenizing scientific breakthroughs and
creating a new pathway for capital to flow into higher potential projects.
Okay, so what do we have in our stack?
So, you know, we have a modular stack.
So starting off, we have the PGF DECIDE launchpad.
So it's the Pipe General Fund Decentralized Science Launchpad for the uninitiated.
That's our flagship tokenized fund.
We are building Gstarter in partnership with L1X.
And this is going to be a smart contract-based token launchpad.
And this can be multi-chain.
And that's coming in 2026.
We have a GDAO token, which is live on Layer 1x Quantum Dex.
This is the connective tissue, which does governance, incentivization,
and is the native digital currency of the ecosystem.
I wouldn't say currency, native digital asset of the ecosystem.
There's also sub-GDAOs, which are sub-funds, which are launched to solve specific problems
within a general fund like the DCI launchpad.
So specific verticals, you know, if the community want to focus on something specific.
And then we also have the patrons web app.
It's an exclusive on-chain recognition program for GDAO holders exclusively on L1X.
So I will go into more detail about all these.
Together, these pieces form a self-reinforcing ecosystem
for decentralized science innovation, among other things.
And then we will be expanding that out to impact in general.
So how does a PGF Launchpad works?
Researchers apply and undergo QED and TRL validation.
So TRL is technology readiness levels.
These are benchmarks used by NASA and SpaceX because SpaceX is privatized NASA, as well
as a European Space Agency.
QED is a unique validation mechanism which was developed by PIPE, which is question,
evaluate, decide. That does 90 hours of due diligence on
all the decide projects that go through the pathway.
If approved through QED, TRL,
and other validation mechanisms,
a project can raise up to 2 million euros in seed capital,
distributed in tranches, tied to milestones.
And this comes from the DeSai Fund, of course.
All funds currently are in USDC, stablecoin, in, stablecoin, out, and we take a 10% cut
of each deposit or each investment, and that's our revenue model.
We support multiple chains currently for the DCI launchpad,
Avalanche, Arbitrum, BASE, BNB, BNB chain, Optimism, Polygon.
With more on the way, we are going to be doing an L1X deployment as well
so that we can be interoperable across not just EVM chains,
including ETH, Ethereum, but Solana, Tron, Bitcoin, and so on.
So Gstarter, this is going to be a launchpad, as I said,
which is the front door of Pipe's investing experience, if you like,
in partnership with Layer 1X, as I said before,
and it's going to use LST's liquid staking tokens
as the medium of exchange. in partnership with layer 1x as i said before and it's going to use lst's liquid staking tokens
as the medium of exchange and there'll be auto trading bots
that offer auto buy auto sell auto compound so think of it like an automated asset management platform for new interoperable tokens. And they will also go through the PI platform for some evaluation as well.
And there will be different metrics associated with them to see how high risk they are and
so on.
There will also be the fees.
The fees that we take from GStarter will go back into the pipe DSi launchpad.
We also have anti-rug security built in.
Meanwhile, GDAO token, that's going to power the governance and value distribution,
liquidity, and issuance of sub-GDAOs as well.
of sub-GDAO's as well.
So, you know, the community will have a vote
on what gets listed on the launchpad as well with the GDAO token.
Okay, so we have the patrons app.
It's one of our unique differentiators,
which is again patrons.
Patrons are, that's what we call our members.
Patrons are those that have funded or commissioned
or initiated great public works.
Could be scientific, cultural, artistic, and and so on like the DiMedici's
were the patrons for Michelangelo
and so
two minutes
on chain proof of patronage
that elevates Gidao holders
into cultural
pledge and status
and so Gidao holders can
commission a patron
portrait stylized
with different cultural
from different cultural areas
where patrons existed, feudal Japan,
ancient Rome,
you know,
medieval England and so on.
You will need 10 Jidau tokens, although we will be
increasing that to 100 Jidau tokens
for you to be able to mint your patron portrait. And that's done by a resident artist. There
will be a difficulty bomb which increases against 10x, 100x, 1000x. So 10 tokens, 100
tokens, 1000 tokens, and so on. That's going to create a FOMO multiplier. Patreon is not just aesthetic, it's a gamified badge
of long-term alignment with the pipeline of impact.
So traction so far, the PGF Launchpad is on Magic
Square as a DAP. We have 4 out of 5 star rating on there from its members.
It's listed on DAP Radar and RWA Radar XYZ. We've been on board
at 40 universities and we have 400 plus associates on the Pi platform.
We are currently doing a presale of SGDAO tokens via our website directly,
as well as a more expensive private sale on GemPad,
which is live now.
I'm not going to go into pricing.
30 seconds.
So final call to action.
Check out our token pre-sale,
I'm sorry, private sale on GemPad,
which is live right now.
So I'm just going to put this up in the so-called Jumbotron,
as the Americans call it.
There we go.
And yeah, get your GDAO tokens,
and we will be relaunching on our 1x quantum dex in q1
with even more liquidity than the current iteration of tokens thank you very much for your time
awesome thanks pipe g we appreciate you guys uh coming on and uh doing your shell uh if you guys
have any questions for pipe g feel free to tag them in the comment threads below
and they will come back and answer those questions for you.
If you're just tuning in, my name is Cody. I'm the host of the
10 Minute Pitch Show where each project that
pitches gets 10 uninterrupted minutes to
shill their project to you and make you the shark in
this scenario. It's great. It's fun. It's a spin on the old classic speed dating format,
and it allows you to get the information straight from the project and not from a paid KOL or paid narrative biased opinion, which is great.
So with that being said, whenever you invest in anything in crypto,
just make sure that you do your own research and due diligence on projects
and only invest what you can afford to lose.
So with that being said, let's keep it going.
Next up, let's go with Black.
Sorry, your whole name's cut off.
So I'll just go by Black.
Go for it.
Your 10-minute starts now.
I don't.
Can anybody else hear him or her?
Hello?
If you want to drop off and then come back out, we'll get you back up on stage.
While we're waiting for them to do that, let's kick it over and let's do,
David, I think you're representing the group. Is that correct?
Yeah.
Perfect. Go for it, my friend.
We'll give you the 10 minutes now.
Okay.
This is going to be a bit of a bit improvised, so hopefully it's interesting for you guys.
Maybe I can pull back to something people don't talk about, which is the 51% attack
on blockchain. And if you want to 51% attack a proof of work network like Bitcoin,
or a proof of work DAG, you need 51% of the hash power. If you want to 51% attack a proof of stake
mechanism, classic proof of stake, so like no validators, just their stake and people get to propose blocks.
You need 51% of the stake. And I think things have become more complicated. A lot of casual
blockchain users don't know this because a lot of recent proof of stake networks, they have
validators and they say things like, you know, you need 66% of the validators to attack, or you need 85% of the validators to attack.
And what they don't say is that, well, this is true.
If you need 66% to attack, you only need 34% to crash.
Because you can just refuse attackers, minority attackers can then stop making cryptographic
signatures, they can stop validating, and they can grind the network to a halt.
So while they improve security against one kind of attack by doing it, they create a second kind
of attack, which they can't stop. So this majoritarian attack is a fundamental, fundamental problem in blockchain.
Satoshi couldn't solve it. Before Satoshi, nobody could solve it. There's computer science
proofs from the 1980s that say this is a fundamentally unsolvable problem. If there's one reason
to care about Sato, what we're doing, that's on the most fundamental level, it's that we've had a cash prize out worth 10K for two years available to the first person you need to control 51% of to start costlessly orphaning blocks from the chain.
Super simple answer.
Bitcoin, it's hash power.
Proof of stake, it's stake.
Sato consensus, no one's found it.
no one's found it. So if you're interested in blockchain fundamentals, this is a really
interesting puzzle because what you're going to learn is you're going to learn something
that is outside of the mainstream, but it's going to go mainstream over the next couple of years.
So you've got a real chance to get ahead of the curve on this stuff. And I want to explain to
you briefly just the change that we make, how this is possible,
and then the implications, which is why the network is going to be something that you're
going to be using daily in about two years.
The big change is that we don't pay for things like hash and stake that are things anyone
can start doing to pull money away from the network.
What we pay for in SEDA was we pay for the act of collecting
fees.
And the technical change that enables that
is that when people send transactions to the network,
they start adding cryptographic signatures that
say who they're sending them to.
So if I'm a user and you're a block producer,
when I send you a transaction, I literally authorize you.
I'm like, you're allowed to put this in a block. It allows you to put it in a block. It also allows you to give it to someone
else to put in the block. So if I authorize you, you can authorize someone else. And then payouts
become something like Goodfellas. I don't know if you guys remember the scene. I think it's Henry
Hill introducing us to the mob. And it's like like he says something like, you know, if someone burned down your business, pay me. You know, you had a fire, you had an insurance problem, pay me. This is exactly how you don't need to produce the block anymore.
if you're on the routing path of one of the transactions that's put into it, you have a
claim on payment. And so Sato does something that no other blockchain does. We're literally the one
blockchain in the world that does this. And no one's found a 51% attack on it. So it's a remarkable
solution. And it's really interesting, though, because it means whoever produces the block,
the people in the routing paths who've done the money collecting the payment get paid.
And this is why costless work orfitting blocks costlessly isn't possible. Because if you want
to produce a block, you need to start spending your own money to generate the work. But when you
do that, you're going to find that your money is going to flow in a payment to the people that
have collected other people's money and given it to you. So if you deliberately try to orphan a
block that has other people's money in it, this is like Bitcoin, right? I'm going to hash and I'm
going to move other people's transactions into my block. With Sado, it's costing you money,
which means it's irrational, which means it's finally economically secure.
So that's a bit of a fundamental pitch. And just a reminder, if you're interested in this stuff,
we're very serious. We've got this uncollected cash prize. I'd actually love for it to be
collected by someone because it means we will understand more about the mechanism ourselves.
However, just to close, I want to explain why this matters.
Because one of the things we're seeing in blockchain
is all of these points.
Oh, no, it looks like we lost them there for a second.
This is time.
Black, were you able to accept the invite I just sent?
No. Oh, do we have black? Sorry, I'm here.
I was just trying to reply to Black.
So I couldn't.
Yeah, I am here.
I can hear you.
Okay.
I'm going to add you as co-host just in case we crash.
I'm not feeling too confident with Elon's.
Platform.
We love Elon.
Yeah, exactly. He's a great guy.
Exactly.
Not a bad word to say.
That's for sure.
All right.
I've made you co-host.
All right, Black've made you co-host. All right, Blackie, are you there?
Hopefully we'll get Daniel back as well Black I don't know if you're there
can you hear us
hey I'm a black man
looks like we're having technical difficulties with Black coming up on stage as well.
So if you want to try dropping out again and coming back in, if you're on desktop, try coming on mobile.
That usually seems to solve the problem.
Looks like he bailed.
We'll give him 30 seconds to come back you All right.
Looks like we got David back.
Are you there?
Hey, yeah, sorry.
I was speaking to my phone.
Did you guys get any of that or did it cut off at the beginning?
No, I got most of it.
You were just, yeah, you just all of a sudden just stopped and bailed.
I don't know what happened, but glad you're back.
It wasn't me.
It was my phone.
If you guys got most of it, that's good.
Yeah, you got about an extra three minutes and 50 seconds.
So if you just want to do a quick recap in case those that didn't hear or if you just want to finish your thought.
I think you guys, I think you guys.
Sure.
Sure. I think you guys got the point.
Basically, we're looking at a genuine fundamental advance in computer science.
What happens is that the cost of, because if you make
a block, your money can flow to other people, the cost of actually making a block depends on how
much of your money is in it, because that's what imposes losses on you. So things that weren't
possible in the 1980s are possible with CYTO. In the 1980s, they're modeling these impossibility
results on the assumption that computers can't be spending money to speak to each other. So we've got this
fundamental advance and it unleashes payments that go to the first top routing nodes that in other
networks need to be the closed proprietary database companies. So I just closed by encouraging anyone
who wants to see what a self funding application
blockchain looks like to come to Sato.
It's S-A-I-T-O dot I-O forward slash.
And then there's a bunch of apps.
You can go to video call if you want peer to peer zoom.
You can go to arcade.
If you want peer to peer games, you can go to red square.
If you want a peer to peer Twitter clone. There's a ton of new applications.
There's a secure file vault for file sharing.
There's a scripting language that's emerging.
It's really, really fascinating network we've got.
So, yeah, if you're into blockchain, come and check it out.
And if you're into theory, don't be afraid to dig into consensus
because we would love to give you a cash prize.
If you can find a 51% attack.
Just be warned that no one's found one yet.
That's awesome. That's cool. I think there's a lot of people out there that would love to go after that 10k especially in this market so uh everybody that
was say is it sato or is it is i'm saying that right sato um it's it's both we got i got that
question once we're named after inception um the guy in inception because one of the things sato
does is it reminds people of things that they've kind of forgotten about blockchain. And so someone asked me that question once and I was like, wait a minute, I don't know,
went back and watched the film. And apparently there are two ways to say it in the film. They
say Sato and they say Sato. So you can, you can go with whatever you want. The approval comes from
Christopher Nolan himself. Nice. Nice. Well, cool. Yeah, so definitely
check them out. If you guys have any questions,
again, throw those down in the
comment threads below.
It doesn't look like
Black
Fi was able to come back.
We will try to get
them onto another schedule
episode coming up.
Thanks for everybody that kind of tuned in
today we appreciate you guys uh we do these every wednesday at 8 a.m eastern standard time as well
as have our uh regular x talk discussions every tuesday at 10 a.m eastern standard time uh where Eastern Standard Time, where we go down some pretty deep rabbit hole discussions.
So, David, I, you know, invite you to participate in those.
It sounds like we would have some good conversations because a lot of our convos are around blockchain technology and everything like that.
So we'd love to have you on one day, but for everybody else.
Yeah, no worries.
I was looking forward to the gaming discussion we were supposed to have yesterday.
I'm really curious what you guys are doing in that.
So hopefully we'll get a chance to chat about that.
Because we've got this wonderful game engine that runs fully peer-to-peer
and really interested in finding ways to connect it
with work that other people are doing.
Yeah, for sure, for sure.
Let's not let that one slip.
Yeah, no, I'll get that one rescheduled.
A little bit of internet issues yesterday,
so I was having a hard time connecting
and keeping a stable connection.
But yeah, I will definitely get that one rescheduled for an upcoming week.
That's for sure.
So keep an eye out for that.
I'll be sure to invite you guys once we do get that scheduled.
So, all right, everybody, thanks for tuning in.
We will catch you guys on the next episode of the 10-Minute Pit Show next Wednesday.
And until then, keep working to unite all of crypto,
and we'll catch you guys later.
Have a good one.
Oh, wait.
Oh, we got Black back.
Oh, are you there?
I think finally I managed to fix it.
How are you guys doing?
All right.
Well, I was about ready to sign off, my friend.
You just barely slipped through
Uh, so let's uh, let's give you your 10 minutes and that starts now my friend. Oh
My god. Yeah, okay. That's glorious. Okay, so I hope you guys are having a good evening so far
I actually had a bunch of good questions as well for the pipe g. I was very curious. Uh, what
good questions as well for the pipe g though team i was very curious uh what how the idea for that
came to mind as well not sure if they've already answered but uh i'd appreciate that as well
so i actually i responded on the thread there have a look oh yeah awesome awesome i'll give it a
glance later so yeah uh so a quick introduction I guess before we start. So I am representing
the BlackPay team. My name is Asian Online. I do online creation as well. So I'm on TikTok
and all that also on X. I've been working in Web3 full-time for a few years now and
one of the main personal interests for me in Web3, the application of crypto is RWAs.
I think overall, RWAs is going to be one of the main reasons and like the primary touch points for actual adoption for crypto, right?
Because it's the lowest hanging fruit in my opinion.
So, yeah.
First off, what exactly are we doing in Blackfay?
So, if I had to pick just one sentence to summarize it,
Blackfay is an RWE project in the mining industry.
So, for all intents and purposes, we are,
how do you call it?
We are 100% compliant
and regulated with
our regulating bodies
with like the countries
that we are
inside
so we are
registered
formally in the Philippines
so we are
yeah we're combined
with the SEC
in the Philippines
and the
regulating bodies there
for all intents and purposes
I have to say this out loud
that we are not a securities.
We're not any form of investment
and all that.
Our token is purely utility only.
So with that out of the way,
let's begin.
So what if you could own anything, right?
This is the primary question
that comes into mind
whenever I am talking about RWA
whenever I'm giving like these speeches or talking to anybody about RWA for whatever reason in real
life and online so the primary question that I always ask them is what if you could own anything
and essentially that's what RWA is so what are assets so these are basically it could
be anything you know uh it could be real estate it could be actual treasuries or actual securities
bonds even like the smallest stuff that you people might not think have that much value like for
example if it's digital collectibles or physical collectibles, like literal Pokemon cards. Let's go as far as that.
As well as, you know, luxury goods,
your rollies, whatever, as well as commodities.
So that's just assets.
And thirdly, it's just well-tokenizing assets, right?
So essentially, BlackBerry, what we did
is we are taking a utility token-based approach.
Our token is purely for utility.
I don't want to say that you get,
well, actually I can't say that.
You don't necessarily get like ownership or stakes
in these certain companies or these partners.
We can say that, but what essentially what you get
by holding the token is incidentally,
you are exposed to it because
we are in our value cycle we are using the token buybacks from these mineral royalties
once a month up to twice a month to buy back a certain amount of the tokens and these are of
course it's on blockchain so it will be empowered and used by with smart contracts to make sure that you know
transparency is there and everything that's the beauty of using crypto and blockchain for these
purposes right so essentially we are partnering with technical partners such as kuremoto pumps
as well as jogmek in japan our main ecosystem partners that we have finalized and locked in as soon as now.
We have two companies from the Philippines that are mining magnetite iron sand,
as well as nickel.
So that's very important.
What exactly are those two?
those two so magnetite iron sand it's primarily used for construction at the same time it has
So magnetite iron sand, it's primarily used for construction.
exposure as well and usage for the resource chains in big tech and so is nickel of course so
I think pretty much everyone has an idea already what nickel is right so but nowadays with the boom
of tech as well as AI and all that, it has exploded in demand even more.
So Nickel also plays part in the resource cycle for electronics and big tech as well as EVs, batteries, and so on.
So that's just something interesting to note as well.
We all know that that is the big, how do you call it, the narrative for this past cycle, which is AI.
I'm not sure if you guys remember as well, but during the past month, the S&P index was actually pretty much propped up solely by NVIDIA and Alphabet, if I remember right.
I believe I read somewhere that pretty much like 30% of the gains for S&p over this past year you can pretty much thank
nvidia for that so just to put into context like how big ai is and is uh this big tech boom so
those two minerals that they are mining is also very very important of course even up to now
without the usual uh common sense stuff so i just thought I'd throw that out there.
So essentially you get quote unquote exposure
from these minerals by holding the BlackPay token as well.
I'm being very, very deliberate here
with the wording and the terms.
If you guys have further questions down
that I just dropped them,
I'd love to answer that as well. But's pretty much essentially what blackface is doing so
in the ecosystem the value chain i think it's better if we well i just drop our link to our
website as well as our resources for that i'm being very very deliberate here to not misrepresent
I'm being very very deliberate here to not misrepresent anything.
So yeah, essentially Blackfay token is a utility based token.
And essentially you will be part of a network of our technical and our practical partners.
You can use the token, you can hold it.
Incidentally, of course, not to ascribe value to it or anything.
The price can go up, it can go down, etc., etc.
But at the end of the day, it's a utility token.
And that's pretty much it, I think.
And let me check.
That's very interesting.
I'm reading through what the PypeGDAO team replied to my question earlier.
Yeah. The main reason actually why this was interesting for me is I had the feeling that
it was something like this.
I also did a lot of volunteering work back when I was in college as well.
I still do now in different like outside of my work obviously in Web3.
So that's nice to hear as well and hey uh comrade
in arms so hang on i'd love to answer some questions actually just uh overall if you
if anybody from the layer one team as well or anybody in the audience
player one team as well or anybody in the audience.
Yeah, I have some questions for both you and David.
So I'll be sending those to you guys here shortly.
So just be on the lookout for that through DM.
Other than that, yeah, if the community has any questions,
feel free to drop those in the comment threads below.
Be sure to tag them and we'll get them.
But otherwise, David, PypeG,
do you guys have any questions for each other?
Since we're done a little bit early,
we can kind of yield a little bit of time
to answering each other's questions.
Yeah, go on, go on.
Oh, sorry, you can go first.
Okay, sure.
So your token is associated with the actual minerals that are used for AI chip production.
Is that right?
Yes. Yes, so essentially, the partners that we have locked in as soon as now, these two companies, they are the largest, how do you call it? Mining company? Yeah, they are essentially like, respectively, the largest mining companies in the Philippines, as well as in the top five in Southeast Asia, for respectively, nickel, as well as magnetite iron sand or iron ore.
respectively, nickel as well as magnetite iron sand or iron ore.
There is another name, a more common name for the latter mineral,
but unfortunately, it slipped my mind.
But it's essentially iron sand.
If I remember right, iron sand is essentially, it's like literal sand.
They are dug up or mined, usually offshore,
by these quote-unquote mining boats that troll the bottom of them and
that's how they collect the like iron sand so it's associated the token is
associated to those two minerals not not exactly like directly like just not
holding holding the token doesn't necessarily give you like a stake in
these in the profit share or like decision making of these companies i have to make that clear unfortunately for the guys don't come after us yeah i get it
but yeah essentially it gives you exposure to that yeah and it's pegged to those two so
pegged how pegged to the pegged to the company, pegged to the units of minerals
that are being mined?
Pegged how?
That's actually,
the latter is actually much closer.
So essentially,
what's going to happen is
these ecosystem partners,
these practical partners
that we have already taken,
essentially every month
whenever they put out a shipment,
they are required to uh allocate
like a certain percentage of how much the actual like shipment is to buy back a portion of the
token actually i'm not even sure if i'm supposed if i'm allowed to use that word buy back for uh
right okay so so so so so basically the tokens are minted based on a percentage of
the shipment so they have to so that's like basically by pressure with the underlying
well it's not really by pressure but they they use the um the mineral uh as almost like a
derivative or something and then and then tokens get get assigned uh based
on that okay actually yeah i'd like i'd love to emphasize that i think that's also allowed
essentially it's by pressure not really sure if we can say derivative or compare it to that yeah no
no no no we can't never say that no i never said that as well didn't even come out of my mouth
I never said that as well.
Didn't even come out of my mouth.
But yeah, that's a good question.
Yeah.
I think one of the common questions that we had as well,
like whenever I visit like IRL schools,
usually what these students,
one of the most common questions that I encounter is,
why mining, right?
Because like, I usually open the pitch light with like, what if you could own anything? So like, why is why mining, right? Because like, I usually open the pitch light with like,
what if you could own anything?
So like, why is it mining in this point in time?
So the main reason why we decided what,
why this RWA project is diving into mining instead
is because essentially the team that is behind BlackPay
is the team or a lot BlackPay is the team,
or a lot of them are also pretty much involved
with the aforementioned companies or these mining entities.
So essentially, the business is already there.
It's already established.
So, you know, I think a lot of RWA projects,
one of the main pain points that some of the RWA projects that I've seen over the years is it's very hard to process the Web3 stuff, build your Web3 platform, do the tokenization, digitalization, whatever.
At the same time, you're also trying to set up the business from scratch, right?
Like the actual asset side of the rwa uh
project so that's a nice uh happy little coincidence that essentially the business is already up so
now we only have to worry about the tokenization or like the webtext stuff so that's pretty much it
much it okay interesting and then holders okay so if you hold the token that doesn't give you any
value or against the assets uh but it allows you to join a network is that right yeah and of course
there's also planned utilities as well so one
thing as well that is already confirmed this the staking side so uh in this instance staking is
purely rewards based uh by staking you're not exactly uh staking it in the traditional sense
it's pretty much just an activity that you are rewarded for
in additional tokens right it's not mining it's not uh stocking up or locking up your tokens or
etc etc but there's also uh staking activities and of course it's a token so whenever you hold the
token you don't necessarily have to trade it. But at the same time, you essentially take it, right?
You essentially get these tokens from whatever source.
And whenever you swap it around, usually the value changes quite a bit.
So there's going to be some discrepancy as well.
So there's that.
But I can't really say that it has inherent value because that
also...
No, they never do.
No, no, no, no. They're all worthless. Okay.
Yeah. They're all worthless. All zero.
Yeah, exactly. Okay. Thanks. You said you had a question and anyone else, of course.
Exactly.
Okay, thanks.
You said you had a question.
And anyone else, of course.
It's very awkward to navigate on PC
while you're also on mobile.
It's actually very interesting.
Yeah, I had a feeling this was the case.
I think that's pretty much it from my end um
there's not really a lot to like sell as well for that i think i think you had a question to me uh
an additional question but i went first so uh oh no no i just asked the question. I just saw the answer now. I thought it was very interesting what you guys were doing. It's certainly unique. I don't think I've ever seen something similar to what you guys are doing in like four years or five years I've been in Web3. So that's why I was good. Thank you. All right. Well, that was our projects shilling this week.
So we appreciate them taking time out of their busy schedules to join us.
Again, if you happen to have any questions, if you're listening live or if you're listening on a recording,
definitely, definitely drop a question down in the thread below
and make be sure to tag them likewise be sure to give these guys a quick follow as well uh sounds
like they are brewing some pretty cool stuff over in their portion of web3 land so with that being
said thanks again we will try to close this out yet again for the second time. But thanks, everybody, for tuning in.
We appreciate you guys.
We will catch you every Wednesday, 8 a.m.
Eastern Standard Time for the 10-minute pitch.
And on Tuesdays at 10 a.m.
Eastern Standard Time for our regular scheduled Xtalk discussion, roundtable discussion.
So have a great rest of your week.
And until then keep
working to unite all the crypto we'll catch you on the next one bye-bye have a good one Thank you.
