Hey everyone, good morning, good afternoon. My name is Tim, the host for today's cookbook website chat. And today we have, I believe the second time that chain GBT has joined us for Twitter spaces, extremely excited to have you on again, Elon, who is the CEO and looking forward to hearing
some updates from you guys. So why don't you go ahead maybe some of the audiences didn't join in on the first time we did a Google Envirus chat with you guys so maybe talk to them about CGBT as well as a little bit about your background for as a brief overview.
Awesome awesome well of course first of all thank you very much for having us here again. It's always such a pleasure to join AMA sessions with KuKo and actually just yesterday we had an AMA with KuKo and with KuKo in Russia and now with a cooking global group so these AMAs are always such a pleasure
For anyone who doesn't know ChangeyPTO myself, my name is Ilan Rakhmano, I'm the CEO and founder of ChangeyPT. And we're an AI infrastructure that focuses on developing use cases and solutions by utilizing AI specifically for Web 3 blockchain and the crypto space.
Back in September of last year, Change GPT has came to life. And since then we have developed the variety of solutions that some of your favorite projects are already using on their back end systems. Change GPT has launched on April of this year.
And since then, with great partners like KuKo and BNB Chain and many others, we were able to expand and expand our technology and reach of Change of PTA. That's kind of in the natural about us. But in the same A, I would be more than happy to share much more of what we've already built, some of our latest products, et cetera.
Cool. So I think I'd like to dive deeper into the actual specifics of the product itself. Can you talk to us about some of the latest utilities and AI tools that change GBT has launched and how it actually all works for someone who might be new to either crypto or new to the project?
Of course, so actually in the previous AMA we've had together I'm not sure if you recall but we discussed some of the tools we've already released back then but also the roadmap and what's coming and one of the things I've shared is that we will release an AI NFT generator where you
users can generate NFT collections by utilizing our AI model and within 30 to 60 seconds have a 10,000 NFT collection on chain simply by clicking a few buttons. So we've actually released this product on June 1st and in the past 12 days already over 800
So it seems like the proof of concept stage is definitely there and we have tens of thousands of daily users already using our AINFT generator. So that's what we've actually recently released.
awesome and Eli I do remember you guys talking about that and that you guys had that in the road match very awesome to hear that you guys have actually really set product and it has product market
fit. But again, some of the audience may not have joined the first Twitter space we did together. So maybe talk to us about some of the other existing products or some of the core products as well.
So, actually in GPT, one of our main goals is to develop an infrastructure of AI solutions that's designed specifically for the Web3 space. We already know there are many AI companies out there, like OpenAI and others that
have created all kinds of solutions by utilizing AI technology, but no one really tapped into the web 3 space just yet. And that's why Change.gpt was created in the first place. Among some of the tools that we have already released with those that are
not familiar with us is that we created a Web3 Focus AI chatbot that's available on changegpt.org so by the way anyone that listens to this right now feel free to navigate to changegpt.org all of our products are as of now free to use so you can play around with the ones that are
with the products already live. We have actually created a solidity AI Smart Contract generator and also auditor. So anyone can create a solidity Smart Contract within just a few seconds by describing it and also using our AI model to audit
to audit solidity smart contracts. So this way we're actually opening the giving opportunity to anyone in the Web3 space to create their own smart contracts even if they don't have the knowledge with solidity or if they don't have the capital to pay for solidity that develops.
As I previously mentioned, we recently on June 1st have released the very first AI NFT generator. It was covered by some of the biggest Web 3 outlets like B&B Chain and many others like BSC News. We currently support PoloGon
on being the chain of the Lange Ethereum and a few other IBM compatible chains will be added to these utilities as well in the near future. Then another pretty exciting product that we have developed is an AI trading assistant and that is actually launching in approximately in July.
Yes, so this has kind of been the natural about a few products we've already released. Got it. So talk to us a little bit more about the AI and LTE generator. I think that's extremely useful and extremely interesting that you guys have released this product.
So what is your how that actually works, right? Is it so it's no code is just you input a few prompts and then what what chain is it on or how do you add utilities and etc. Sure, so with the AI and the degenerator, you know that idea came into into our team's mind initially.
When we were looking to create an NFT collection of our own, we were shocked to find out that the graphic designers and developers will charge anywhere between $50 to $250,000 to create an NFT collection and it would normally take a few months.
believe that anyone should have the access to create beautiful NFT collections. And that's when we realized that we can actually create a pretty cool solution by utilizing AI technology. So we created our own text to image model. And the generates beautiful
graphics and we developed this web application where users can describe any NFT collection that comes up to their mind, select how many collect, how many NFTs they want within the collection. There are multiple smart contracts that we're already supporting. They can have a standard NFT or they can have a different
type of NFD standard, they select the settings, they click generate and within 30 to 60 seconds they can have their own NFT collection on shame. And currently this app is supporting B&B, Polygon, Binance March and Testnet, Avalanche and Ethereum.
Awesome. I'd like to shift the focus a little bit and talk about some of the other products that you guys have. Maybe let's focus in on Chain GB.
which is your launch pad and incubation program. So talk to us a little bit about that and how maybe some of the people in the audience might be interested in end applying.
Yes, of course. So when we have launched ChangePT, we realized that there aren't any incubation programs out there that actually understand the needs of AI startups in the Web3 space. So we decided to set one together with all of our partners.
some amazing mentors in our incubation program and some of the biggest Web 3 companies supporting the incubation program. And we decided to create this incubation that will help all AI startups that are actually looking and developing great AI technologies.
mainly to help with raising capital, with go-to-market strategy, building an advisory board, and having an extra assistance on top of what they're currently doing. So within our incubation program, we quickly realize that we can help projects a lot.
We've onboarded over four projects already. We saw the progress from the moment they joined our incubation program. We noticed how quickly they start actually growing building their communities, building partnerships, getting confirmed by centralized exchanges. Truly have everything they need to go
to the market and we realized that since we already have an incubation program and we're helping these projects go to the market that we should probably also have a launchpad of our own so we can help them help them raise funds from community from our community and from other communities within the I space but at the same time
We're giving our token holders an additional benefit of participating in these ideals. Our launchpad is only open for CGPT token stakers and anyone that's taking tokens can pretty much get access to our incubation projects early on with the
than the IDEO stage. So this is how this entire IDI came to life. And we're-- actually, we haven't announced any of our incubation projects this yet. But starting tomorrow, we will start revealing all the projects that we're incubating and the first one to be on our IDEO.
And how does the token actually play a role in all of your products? Can you talk to us about the utility and how that works? Sure, yeah, that's a great question. So the CGPD token is the backbone of the entire ecosystem in order to access any of
It doesn't matter if you're a retail user or a business, it all requires the CGPT token. We actually, for all of our premium tools, we don't charge in any other way besides our own token. Then the CGPT token also gives you voting power. In our Dallas system, we have
We have a pretty active now, people voting on all kinds of proposals, and we pretty much at this point do all the major decisions with our now. So besides voting and access to the AI utilities, now it actually also gives users access to
Other AI startups and IBLs, it really depends on how many tokens you stake. You're going to provide you a different tier with different benefits and the highest tier actually gets air drops from all the projects that we incubate. They're receiving additional benefits such as completely free air drops.
Between the idea platform, the access to AI tools, the staking, the Dow, there are truly many, many benefits to holders for the utility. And one of the coolest parts of our business model is the burn mechanism.
So about 50% of all the revenue of change GPT of the entire ecosystem is burnt out of the supply. So as soon as let's say your business is using our API and they get charged in CGPT for
for every single API call they make, 50% of it is burnt out of the ecosystem, and that's how the contribution is made towards the treasury of the company, but also towards the total supply by decreasing it.
Got it and I'd like to zoom out a little bit now talk to you a little bit about the macro environment things obviously the whole industry is going through a lot at the moment. What are your plans to avoid volatility within the market and how can
change in the law and despite market volatility. Sure, that's a good question. So our main focus is to continuously build. There is a ton of different solutions that AI can provide in the Web 3 space.
And we just started our AI chat but has over 40 to 100,000 weekly users. Our AI and FD generator has tens of thousands of day, over 10,000 daily users and over 800,000 NFT generated in just 12 days. So the product that we are building
are extremely needed in the space. So the token, the back of the entire ecosystem is great, but at the end of the day we won't let market volatility affect our growth. So by continuously partnering and developing the business, the side of the business and also developing the product
and technology, we're here to stay, we're here to support other AI startups and continuously grow. Like any crypto cycle, there are always ups and downs. And if there's anything to learn from other large infrastructure like Chainlink, at the end of the day, those that continuously build
and provide technology in the space, it's just a phase. So that's how we look at it and our main way to avoid volatility besides the fact that we've been releasing a one or two utilities a month at this point and constantly being
really strong when it comes to marketing and content creation and delivering the message in interacting with our community, we're also very heavily focused on technology development. And yeah, we don't let volatility in the market to distract us from the actual purpose of change of beauty.
So building off of that previous question, explain how the how change DBT actually generates revenue. We're in terms of the business model side of things to ensure sustainability within these market conditions.
Yeah, so one of the key aspects of the business model is that we don't get keep any of the technologies that we develop. We put every single
product into a prototype phase where with the help of our community we are improving it from based on their feedback and then once we're done with the prototype phase we move it to
So some type of a production phase when we allow other companies to come and generate an API key and use our technology so we don't get to keep anything that we are developing. And the way it works is that every single time there is an API call,
The company is being charged in CGPT tokens. So they deposit CGPT tokens into their balance and every time the product is stored, their API is being used, they're being charged in CGPT and 50% of the revenue is being burnt out of the supply immediately.
The bottom line is the more our technology is being used, the more useful products we will develop and integrate and expand our partnership and business development side, the more revenue there is going to be, and the more CGPT will be burnt.
Got it. And I have one more question before we move on to the audience section. I'd like to know if you guys have plans to support more chains other than the ones you mentioned.
earlier as well as talk just a little bit more about the roadmap. Last time we spoke you talked about the AI and the key generator this time I'm not sure what you guys are working on and looking forward to obviously seeing that come to life as well.
Sure, so we're actually developed one of the most what we think is the most advanced AI model that when it comes to solidity and fine scrub and fine script programming we have actually scraped Every single contract that was ever deployed on top 20 EVM chains. We have one of the largest
And we think that we'll actually create a buzz in the development space in what we're going to do.
up 3 just because of how easy it's going to become writing smart contracts. We already have a prototype of a smart contract generator, but what we're about to release in the upcoming months is on another level and I'm really excited to start sharing more of what we've been developing in the past 8 months. We grew our company
over 45 full-time employees and half of us about half of the employees are developers. So there is a ton happening in the background and I'm really excited to start sharing more of our developments and hopefully by the next day we have together I'll have
of few other product releases to share with you and some results to share as well. Now that being said, when it comes to other chains, we have recently suggested to launch CGPT token also on Ethereum, and that proposal was passed, and we're looking to launch
on June 19th at 2PM UTC. We've already collaborated with a few exchanges. Also, we're going to create a liquidity pool on Uniswap, which is also at the Central Lays Exchange, and we collaborated with Shane Port, who will act as a bridge for anyone that wants to bridge
from Binance Marching to Ethereum and back. This way, with everything that's happening with Binance at the moment, we feel like this is a very good decision. We're tapping into another blockchain, who is just as popular, the Ethereum chain is just as popular as Binance Marching, and at the same time,
any users that don't feel comfortable on Binance margin can easily bridge to Ethereum.
Great. They're looking to bridge them. But that being said, we're not limiting ourselves to just being in Ethereum. There may be more chance coming in the future.
Great, that's extremely exciting to hear and definitely looking forward to a third AMA with you guys when you have a new product launching again. So let's take some time and let the audience ask a few questions.
Can you explain how change is no code smart contact programming work and how does you plan to address any regulatory challenge in the equipment, blockchain industry?
Yeah, so the solidity model works. It's pretty simple. It's a language model that is trained on large, large database, on a large data set of all kinds of solidity contracts, documentation, and everything that's related to the solidity length
language. What we've done then, we use blockchain developers that go line by line and verify the information that we feed into that model to ensure that when it does create smart contracts for you, it only knows how to create high quality smart contracts with no
So we clean that data set then we train our model. So for the user, if you wish to create to use our solidity smart contract AI model, all you have to do is simply go to our website, describe your type of smart contract you wish
where AI will generate for you, and within 30 seconds, our AI will write a fully custom smart contract for you. It's extremely easy to use, and for retail users, it's currently free. You can use it on our website or on the Telegram button we developed.
Great, we have Emma next. Emma, go ahead.
Can you hear me? Yes, again. My question is kindly tell us about your smart contract. Have you done any audit? How secure and safe it from hacks. Thank you.
Yes, so when it comes to the CGPT token, smart contract were audited by Hacken and also CERDIC. We're currently number, we're in the top 50 of the CERDIC leaderboard out of all projects that they've audited. We're currently in the top 50.
We put a lot of effort into security and not only that when it comes to our launch bed it's coming up right now We've partnered up with one of the biggest launch bed companies and software development companies to help us Truly ensure that our launch bed is very well protected when it comes
comes to the other smart contracts within the ecosystem. Like the NFT generator creates NFT contracts on-chain for users. Those contracts are also audited and we use the Open Zeppelin library for that. So we put a lot of that for the security of smart contracts.
So what do you mean by top 50? What does that actually mean? Yes, so CERDAQ has a leaderboard for projects and the leaderboard goes based on security level. They've developed this.
this dashboard that's called SkyNet and it checks all kinds of, it checks on chain activity, liquidity provision, the security of the actual smart contract. It has all kinds of parameters and based on that it ranks the project and we're currently ranked in the top 50.
Awesome. Okay, so that's a pretty great
Awesome, awesome. Next we have Evan. Go ahead. Okay, my code can you use changeability without spending CGPT?
Yeah, so at this time, all the products that we've created are free for the retail to use. There are some premium features that will require the user to either paper prompt, which is if you're not a staker, you can pay for the usage of that.
premium feature, just one time. Let's say if you want to generate up to 100 NFT collections, which in GPD it's free, but if you want to generate a 10,000 NFT collection, that will require either a payment in CGPT or for you to be a staker of CGPT.
So because we want to change the pt's technology to be accessible for everyone, we do have free access to it, but to a certain extent. There are also premium features that users will have to pay in cgpt for it and contribute towards the ecosystem.
Great, Elon, that wraps it up. For everyone else listening, please know this is only informational and educational and not investment advice. And lastly, Elon, I'd like to give you the final word. If you have any thoughts to share with the audience before we wrap up or anything you'd like to
before we end the spaces please feel free. Yeah so first of all I would like to say once again thank you everybody for joining this AMA today thank you to the host for always being such a great host it's a pleasure to join for these AMAs before we're wrapping up to this AMA session I would like to again
Again, mention to everybody that we are releasing the very first AI-focused launchpad in Web 3. Anyone that wishes to participate in the upcoming ChangeyPTpad IDOs, we have some great incubations lined up. Anyone that wishes to participate, please go to our
account follow and read the pinned message. There is a lot of information on what to do to actually prepare for Change GPT pad, become a staker and earn a tier that will allow you to participate in those ideas. The Change GPT launchpad is releasing on June 21st. The very first idea happens on
June 28 and for all the CGPT token holders or anyone that's interested in the token, not only were already on Binance Marching, we're also launching on Ethereum on June 19th. And this is all for me looking forward to speaking to you guys again in our next AMA session with Kokoy.
Alright, thank you so much Elon and yeah, likewise I'm very happy to have you here again. It's truly insightful. Far as I chat and and really really exciting to hear that you guys have have made so much progress in such a short amount of time. So appreciate it again and thanks everyone for your time. Alright, see you guys next time. Bye.