Hello, can you guys hear me?
Hello everyone can you guys all hear me?
June and Tristan. Okay, so then okay cool then today we're just gonna start our event now we can wait a little bit longer but I think we can
We can wait for two minutes more for more listeners to join and then we will start our AMA soon So today we actually gonna talk about a really huge topic at the moment which is omichin basically We invited our guest
which is number one guest is only BTC and the other one is Map Protocol. It's a huge welcome. We're really glad to host you guys and to join this AMA and for now let's just start as the introduction. So let's I've seen Map Protocol and Omni
omichin as omichin project. So let's start with the omichin BTC. So first could you explain to our audience and to introduce the project a little bit June about omichin BTC? Omichin BTC? Yeah.
Okay, so thanks a lot. Here is June from Omnibidc. Omnibidc is the first one-stop Omnibidc financial platform across multi-VM ecosystem. And now we have 4-6 EM chains and also
and we aim to connect all the unchained liquidity, briefly speaking, on the BBC a lot of users to crosschains, walk and crosschains lending with one click. And now we are focusing on screen network. We are different from map
It is cross infrastructure, but for omnibus it is application layer based on these interoperability protocols. Yes, that's all thank you.
Okay, thank you for your brief introduction about the project. And now let's switch to Tristan about Matt's protocol. Could you give the audience about more information on what's your project and is that around? Yeah. Sure. Hi, everyone.
I'm Matt Prodicol's Global and that's what I'm really excited to be here and talking about the future of Ogdenchain platforms. So Matt Prodicol is obviously an Ogdenchain Infra-Briberly Prodicol which allows the infrastructure which we've normally seen
seen like inefficient operation, low user resources at the high cost. So at MapWare, focusing on reducing all of these negative aspects of on the chain and making everything more efficient, build upon our light client and through acknowledged technology.
Okay, thank you for your introduction and also let me introduce you guys about our project which is oxygen. So we're not building omitchem but we are a dex like a liquidity aggregator but we for example we are the most important function
So one one gen OX gen is the one stop liquidity aggregator that all faith that offers the trader the best swap experiences for traders and easy to be a walk wedge it for projects. We're not omitting but we actually support a 17-chings now. So we have aggregated with
with one inch matcha, open ocean and Jupiter. In the future, we are slowly to develop education function for all the traders either your newbie or either you want to learn more about crypto trading, even about omichin information you can easily come to our platform and then to search the knowledge
that you want to learn about. So this is about our platform as auction. So this is the brief introduction section. We can move on to the question section, which for each project, we have three to four questions that's related to the project and also
related to our topic. Basically, I want to introduce you guys like to brief introduction about what is Omichin. So, so the advantage of Omichin, where our topic is the advantages of Omichin platforms like Omich BTC and map total of core platform and we're going to talk about the
the current application scenarios and the industry status. Also, we will talk about the future scenarios for users and traders to use Omichin. So, a bridge introduction about the Omichin is in the Web3 industry. Omichin refers to the use of blockchain technology to create a transparent
and collaborative supply chain ecosystem. It allows for real-time tracking of products and materials which increases in efficiency and reduced ways by using smart contracts and decentralized technology. And Omnichin system ensures that all participants in the supply chain have access to the
same information, making it easier to work together towards a common goal. So overall, an omithing system in the Web 3 industry helps to create a more secure, efficient, and sustainable supply chain for everyone that's involved. So now I have some questions for Matt Protocol.
Are you ready? I will have the first question for you. That's where really curious about what has been so difficult in creating an omission environment? Thank you for that question. So there's a few reasons why I can be challenging. Number one will be the complexity because as you mentioned omission solitude.
need to integrate multiple blockchain networks and proly calls to achieve interoperability. This can be very process, a very complex process due to the various consensus mechanisms because projects are blockchains like Ethereum and Salana might have a different way in how they execute that consensus mechanism and also
the underlying cryptographic algorithms. Another thing would be scalability. Integrating multiple blockchains also poses scalability problems as each of these blockchains has different transaction processing capacity and latency.
And the only change solution we need to ensure that the transactions are processed efficiently across all blockchains while also maintaining security and reliability. So it might say like Salana is a much faster blockchain, but their security isn't as good as Ethereum, so trying to keep those two aligns.
is an example of the issues that would go on there and try to work out how to make them as efficient as possible, so to say. Another part would be the consensus mechanism. To make sure the integrity of the overall system, an augmentating solution would need to
between the different people operating those networks. I'll just touch on the file thing which would be governance. On the change solution we need to establish the governance framework that is accepted across all these blockchains similar to the other sectors. The framework we need to ensure that all the parties haven't involved saying the decision made me impressive.
process that there is a clean mechanism for resolving disputes, kind of similar to how you have a doubt, except instead of obeying the community members, it would also be, say, the developers of the blockchain. So they're constantly speaking back and forth to how I guess communicating with
how these different consensus mechanisms or scalability would work. Right. Thank you for that answer. It's really well explained. So then another question about Omicin is how we're omitting on block new opportunities for projects moving forward. Sure. That's a great question.
So one of the main benefits of this would be like the insuroperability I mentioned before, except instead of being just in the different blockchains this means, a group of projects could leverage their strengths and their blockchains to create new use cases, so they improve their products and services and also reach new audiences.
So if you're a default project, a big issue at the moment is liquidity fragmentation. So you might have $10 million in liquidity on Binance Smart Chain, $10 million in liquidity on arbitrarium, but you can't mix it too because there's no interoperability. Wait, we've omnichains that doesn't become an issue because it's all under the one profile. So you can combine it too.
create 20 million dollars in a quiddy. So I would add a little bit more. It would allow users to create maybe new strategies or do things that weren't previously able to do, which is a great thing. So another section would be scalability again. So it can increase this
the project because they can process more transactions, handle more users and expand operations without encountering the same bottlenecks as a single block channel interface. So this obviously helps drive adoption and grow the crypto industry. Security, so you can improve the security by this
should be in the data and processing across multiple blockchains. This will reduce a single point of failure, making it harder for bad actors to compromise systems. We've seen with cross-chain protocols, there's been a lot of hacks in it and I think it's probably the biggest issue when it faces on the
chain and cross chain as well is a security issue because we have a lot of capital under our profile and we become very big attack targets for hackers so I think that's extremely important and then a final piece would just be on innovation. So on this
solutions because I'm not new opportunities in the crypto industry. By improving security, it will become more fertile for the projects project. So it would be better for new ideas, products and services to emerge because of the previous invention, things I just said.
Yeah, totally understand. This is definitely a step forward in the industry for sure. And then where do you see the future of Omichin going and why will they gain adoption?
That's a good question. So I think it would gain a lot of adoption because it would become not worth a crypto project, not integrate on a single blockchain, but with an only chain solution. So as they've just been solely tasked to Ethereum or Binance, my chain, it now has the option to just be like a one-
for a network which will allow for a lot more networking and adoption for that actual technology. And I think we're getting very close as well as people are sort of realizing that there's not really one chain that is the best chain, like they all have their strengths and weaknesses and so if we can combine all the strengths of each chain and put them together,
that will create a really strong environment. And so I think because of that we'll sort of see a consolidation or like standardization in the way that these on the chain networks will grow. So they'll sort of become a standard way where the industry will say, this is how we need to do it with
the on the chain networks and this is a consensus mechanism we need to reach. That way it becomes a lot more apparent and widening for how developers should be building on these different chains. This would be increased competition because it would drive innovation and crawl
products and services to the crypto ecosystem because as blockchain's getting more market share there's going to be more use cases for them and also more people coming into the ecosystem and trying to work out which is the best one to use where on the channel offer that solution to all different applications.
Yeah, that's really well about this future, how omichin is going and then the thing is like how do we bring awareness to omichin technology? Well, I think this is probably one of the most confusing topics in crypto, this in crosschannel as well. I would just highlight quickly the difference
between OmniChain and CrossChain. So CrossChain is the transferring of data and assets across chains. So taking maybe one Ethereum from the Ethereum main to the BSC main, where OmniChain is having all of these blockchains under one roof and then allowing projects to build on that OmniChain. So when they want to go provide their service
to their users, they have the option of using any chain they like. So that's the key to distinguish between the two and I think the best thing we can do is just educate the system as a whole. So things like creating documentation, explanation videos, hosting spaces to better educate users because
I've been there's a lot of people who would actually be able to understand this just by reading the documentation. It's very hard to shift through as well since there's a lot of complex terminology. So I've been by only creating more content like the spaces where doing it brings awareness to the technology that's being built.
True. Okay, this is really well explained because we are not all the people not coders or developers whatsoever, but it is quite simple for us to understand about omitting judging from just regarding what you just explained to us. That was really nice.
And thank you for the information. And now I'd like to know more from OMEBTC site. So June, could you explain more about your project and as an implication layer, how do you adopt OMEChain? Could you answer me that question for me?
Hey, can I hear me? Yeah.
Sorry, let me just talk to
Guys, I think we need to wait a little bit for Omichi.
Okay. Hey June, are you there?
Hello, we can hear you. Yeah, so and just know you asked me the first question right? Yes, as an application application layer, how do you adopt only change? Okay, so actually here there are
There are two core functions of Omnibut DC, the first is Omnyswalk, which allows users to swap between DVM machines and ACOs. And the second is Omnil landing, which allows users to land and borrow across multi-VM ecosystems. The Omnil landing is not available on three tasks.
net and also some uintestness. For Omnyswap, it is more like a cross gene defi aggregation. We use layer 0 stargate, wormhole and also integrating with cbrage-creallized-day cross-gainswap. There are two kinds of cross co-sused in Omnyswap the first
is as a messenger layer and just send or receive messages such as one hole, the zero acetyl and this protocols can be used as a messenger layer and also call the configs on destination ship. And the second and the other one is
the liquidity layer such as target, one hole, C bridge, which have their own liquidity blocks. So we use them to realize the access transfer. And for only landing, we use one hole to realize that we use one hole as a messenger layer to send a resume message from the halching and spoke scenes. Yes.
Okay, thank you for that question for that answer. And then like other than that, what is the landscape of omitching application now? Could you explain more about that side? Okay, so thank omitching applications is still in a very early stage now. So there are not very
enough applications. The first landscape I think it is crossed, it is OmniShin NFT and one of our friends which named OmniX. I think it is the first and the best Omni
changing up to platform. And also there are two landscape, the first is cross this wall. And the second is cross-demanding. For cross this wall there is leafy hash flow and also net pipe. And for omniswap maybe there is red capitol and it is very hot
in the object from now because there are better by the day of zero target and have a very further collaboration with the two protocols. By comparison to writing capital, all the DVDs
has more strong technology background because the satellite system of our only landing is the Perlons 3 network which enable users to, for example, you can deposit your yeast on port again and then you can borrow your
You can borrow USDC on Sweeney Network, but you can repaid that on AppTops, and then you can withdraw your collateral on BNB Chain or any other chain. That's the most innovation, yes. - So, true that?
That's really a good point and the project that you mentioned about is actually yes, with Omichin developed. And then why do you think that Omichin has regard Omichin as the future? As we all know, that is your project is built with Omichin. So what's the future? Can you just elaborate?
Okay, so actually with like was so users needs is the future. That's why we select all machine. Omnichin serves the biggest problem of the fracture of liquidity and provides the possibility of an easy security secure and unified
on cheap environment. The world on each one was first performed at a laser to sow a problem of rupture liquidity and effrazzent in the field of defying. There are great problems compared with centralized exchanges and it is basically impossible to rewrite it.
to replace centralized exchanges. For example, AMM docs such as Uniswark and Pancake can only be used as a pool on a certain chain. You can only swap tokens in ETH or in PAPITRON or in Optimism, but you can swap your token on
I'm porting for another token of optimism. You have to use third party for that. And also another example for why each the single chain equity aggregation which can only be limited to single chain equity.
and it cannot actually create the liquidity on any other change. So that would think in such a situation, DeFi can't replace decentralized exchanges. What we need to do is omni-chim DeFi platform and omni-chim DeFi products. Yes.
Great. Thank you for the answer. Gladly, we all know what's your guys' point of view about Army Chains and the technology and the future, how we're going to use that for. I noticed that during you have a few questions, your question to ask me, you can share your questions, I can answer your briefly. Okay.
And the first question I would like to ask you is that what are your real points of only change? Well, as like as because our platform auction we are not built from as only change but this new technology makes we have three more accessible to users for sure.
and it accelerates the exponential adoption of digital assets. And also, I feel like OmniChin is the future of multiple chains for sure, allowing DApps, protocols, and users on different blockchains to interact seamlessly is the key to grow of Web3. This is my point of view.
Thanks. Okay. And as I know, oxygen is a monitoring platform that is integrated with some changes, right? And what's the difference between monitoring and omitting your mind? Yes, the difference actually is as we are talking about omitting, omitting allows
course chain bridging stay sharing bridging and lending and borrowing swaps in governors all that functions and the users will be able to swap from any coins for example altcoins to Ethereum network or to Solona in one single transaction from the source chains instead of bridging a few times
which is just like simple chains, like single chains, not omichin. So for example, but the thing is like at oxygen, your SS may bridge a few times since you want to get the best price, but in omichin, you don't need a bridge at all. So this is actually a huge step forward and would like to share more ideas
collaborate with partners like Map Protocol and Army BTC to just get more involved with the development as well. Thank you. Okay, thanks a lot. So the last question I'd like to know is that how does your team to make oxygen safe to use?
Well, like our well here because we are actually a trading platform, we are like a DEX aggregator. We have developed 17 chains already and then now we have all integrated with all those DEX aggregator as well. So basically,
For us, with the price and the trading, all of the security is our top priority. So we have a huge team of the programmers and the best in which experiences, which in both Web3 and Web2, and some of them have worked for the top crypto exchanges as well to maintain the security of the platform.
which where this money involved for sure you need to secure this platform, then there won't be that many hacks or it was forever because this is our top things to do. We need to secure our users money because no matter what, we are an aggregator, we help people to trade, we help people to swap.
And then besides, we are really emphasizing our security in our product design as well. So we also want to remind our youth, we also have reminders to our users in our community and also in our social media about the top trending news or like to be aware of what's the trading security
information that we will allow to provide them all the information possible. And also now we, with our new program coming up, we have this referral program which you can refer your friends when you trade on our platform, you can also get a rebate which you already have the lowest price to
swap or to trade and also you will get the money back by referral and also with the trade to earn program coming up. The security side is our best. We put a lot of effort to secure that everything to ensure our users can really enjoy the trade to earn program and also our referral program. Thank you.
Okay, so like now we can like as we are already done with the questions and the topic that we want to talk about the most so I'd like to ask
more about like audience from the audience side. If anyone have questions now, you can raise your hands up and then share a question to our guest. We will give you the answers. Anyone want to ask anything to Matt protocol or OMIT BTC? Now is your time.
Is there anyone like to share questions about Omichi or any possible questions that you want to know more about the project about Mac protocol or Omit BTC? If not, then I think
I think today our topic is we are already downsharing with all the knowledge that we have and already introduced you guys about our platform and that protocol and also on BDC.
Do you have anything to say more about or Tristan?
Yeah, I think this is really good space especially covering like the complex topic which is on the chains
Yeah, I think we're promising a lot of scaling solutions with different blockchain technologies such as like Cosmos with their recent IBC protocol and also the trim with the upcoming AIP 484 upgrade that's going to allow role ops to become
fire cheaper. So by having only chains, being able to have the underlying security of projects like Ethereum or blockchains like Ethereum and then also having the scaling solutions such as IBC from Cosmos or the roll up scaling technology from Harvard, Trim and Optimism is going to make a really good combination.
for projects looking to build forward because we've seen projects in the past that haven't been of the build projects because it's just it's just been to expensive so if you're a founder trying to build a project which might be a game or a D for a protocol but all of your transactions are either extremely expensive or extremely slow
makes it really difficult for you to build in. So other new technology like Maps Building, like Zero Exchange Building on the chain, BTC, but it's going to make building a lot easier for all these new protocols, which have been recently held back by technology restrictions.
Yes, thank you indeed because omission is actually a new technology in what is like a development as well not so many people know this term still so we are actually in a step forward Innovation site that it's actually good to
knowledge and host this meeting to share with the audience about what's omiching and please all the audience if you're interested you can share this AMA to share this knowledge to all the friends or whoever that's interested in omiching and also you can follow Matt Porter call to
and also OMI/BDC Twitter and the community and also oxygen to check our Twitter and join our community. We have all the news and trading information and also the new trade-to-earn programs coming up and we also have the
I hope you enjoyed this video.
Thank you Tristan from Mapo.co and also Dreamfront OMBBC. It's a really well-knowledge share meeting today and I hope to see you guys later on or if you have any questions please send us DM and also please check the Twitter and join our community. Any question you need you can just shoot us the
Thank you for all the audience and our guests and I'll just let's wrap up this call and yes and thank you for your guys time. Thank you for having us. It was great. Thank you. Thank you guys.