and welcome to mobile media
Think we've got there the speaker in this is Adam there on the LD finance projects welcome
You're on you Adam just do a quick night check
Okay, maybe Adam's not part of the
AD team I've offered AD finance sir to speak but there's been no reply on that account
Just send me a request to speak if you're the speaker tonight
Is it Adam, I don't know hey Adam, are you there?
We can't hear you're on that account Adam
Nice fill it so we're looking for one second everyone. Let's just get this set up
Just went for the speaker we will be starting shortly
Hey good, yeah, you put the AD team
Yeah, um, that's captain Levi he will be
Here to speak for ID finance and yeah, I think it's here
Captain if you can send a request
So the mobile media team can unmute you
Good good. Yeah, I think it's connected there captain Levi
Hey Glenn my check my check, can everyone hear me? Yeah. Yeah, you're coming through that captain. Yeah
Would you want speaking for the ID team and everything as a system to be clean?
Oh, cool. Cool. Adam keeps asking the request. Can you speak?
So is it just you speaking tonight captain or which anyone else speaking
Yeah, the rest of the team standing by to back up any questions
I could not possibly answer but I will be discussing majority of ID finance and its ecosystem
And the ID finance team is also here on standby on the account
so, please if they could request as a speaker so that the rest of the
Dude of the audience can also listen. It will be very much appreciated
Okay, let's get started so maybe you can just tell us a bit about yourself and your background captain Levi
Yes, well, I'm perhaps Levi
Got into the space a couple of years ago gain some experience through some
Ecosystems and of course gained a lot of experience
You know partner learning from you know, we're tricking it was enterprises like media
also came across ID finance you already trust that friend and
More utility based on projects. So I decided to you know
As I picked interest in them. They also interesting me and
Wasn't so much of a benefit. So
Wanting that's another one speaking for the same day
Okay, thanks for the instruction council leave us so
Finance it's been around for a long time a few years now
So could you maybe give us an overview of how deep finance how it started the ecosystem and what they've been building along the way?
It's enabled the rise of blockchains and of course everyone already know
a familiar with blockchain and it's associated technologies and
Of course just like the core principles of
Blockchain related and financial system, which is meant to you know, give power back to the people
ID finance is primarily responsible for you know, building
Utilities that you know user-based utilities so to speak that
provides that power gives the power back to individual users and
It was founded on the belief that forces everyone's basic human rights to own
absolute control over the money the data and integrity and
It is believed that the centralization is one of the keys to you know, empowering people
Everywhere to better say that these rights that is due to them and we hope that we keep on making steps and advancing
Be able to build an ecosystem of useful crypto assets and ever amazing products based on
Convincing. So that's basically
ID ID at the plants we started on 2020
An actual company of course the ready race that company
So we had a chance to experience that's part of the issues with the ever demanding increase in user privacy
It will be done on the flexible and always evolving governments and censorship
Restrictions has always been amended and place to make things quite harder
And if not set it to evolve from this and you know beauty decentralized ecosystem that transfers that ownership
So I'll be diving more into the details of you know, anything else as a utility based looking
since it's a basic system directs
Great captain, so there's lots of utility to talk about now is looking at the white paper
So maybe we can start with the ad craft marketplace
So I was wondering how does ad craft ensure the authenticity and uniqueness of the NFTs listed on its platform?
Yes, I the craft one of our you know, how major selling points
I'd craft is, you know, it's huge to be able to
Second to pull that one up
Aha, yeah, I'd across is huge as the utility token. Sorry utility that's
builds around user experience and
It's the NFT market place that's no brings artists and
Art lovers alike together and
rewards and utility based looking for
Id the ID token rather is the talking for ID craft which enables people to create by and sell NFTs
Some modifications that are being made to make it even more easier
for other projects that wish to make is off on the NFT market place to
Be able to you know integrate seamlessly
Into I think into I this ecosystem. We are a non-restrictive
ecosystem because we make it easier to be
Fully integrated between ID craft and open sea. So if you feel that ID craft is
There's some gimmicks that you still need on open sea ID craft would not restrict you from you know going over
To open sea to you know advertise whatever entities that you have
But of course while we encourage everyone to remain on ID
ID crafts NFT market place specifically is because
We are scalable affordable. We are reliable accessible secure and
We are also user friendly
Starting from the point of being user friendly
Those who are actually new into web 3 I know some artists that would love to enter the web 3 enterprise
but they are because because they are really really scared of
huge clusters of information that
Web 3 and blockchain technology generally
Bringing out system after all of us on that one virtual roof
Which it includes them to be able to create by and sell NFTs with ease on this platform
And it doesn't just go past you know making transactions with NFTs
We can use us can actually interact with members of the NFT communities. So there's that
Interaction between the artists and even the users as well and they can actually share the end the favorite NFTs and ideas
using the ID governments ID token assets governance and is the main use of it for ID crafts and so
Another cool thing is where you make transactions on ID is an ID term token
On ID craft you can actually put
an ID when you buy and sell on ID craft so
That's basically the rough use case. So the key points we draw here is that
Which are each of the other marketplaces we support a lot of NFTs
in ERC 721 the ERC 1155 based tokens, but one cool aspect about this is that
Other platforms that wish to open or run an NFT based contest or campaign so to speak
can actually integrate ID craft and
The initiative we use their tokens and we can actually use that as well
Wondering what sort of benefits for artists and art lovers
Is there to choose add a craft over other NFT marketplaces?
Yeah, I was wondering what the benefits for artists and art lovers to choose add a craft over of a NFT marketplaces
Yes, like I said for starters the ease of use makes it easy
Just a few clicks of a couple of buttons you could actually you know
launch your own NFT series
so one of that cool aspect of this is that if you wish to
If your NFT really did sell out too quickly
You can actually launch an NFT series if you wish to run a follow-up
so the first sale and that's one another really awesome key selling points and
That is of use between new artists. You can actually incorporate new artists
Give them a really quick overview and briefing so that they can actually you know view to integrate ID
Run on their own NFT based launches as well
Okay, yeah captain I was wondering
If we can delve into how do you connect what security measures just how they connect employee to protect users assets
Yes, I reconnect is the secure and reliable reach crypto wallets that
And assets tracker, you know, they also
Incalculate one of the key features of this is that it organizes scattered information isolating key points
That's makes users to do to make an informed
Informed these decisions regarding their tokens or their assets
So I do connect actually makes it a lot easy to give you financial information that is easier to understand and absorb
Like I said when I started on when when you use as actually coming to blockchain our tree
They even overwhelmed with information overload, but using ID connects with just a few tips of a button as well
It lets you track your particular assets and you need a breakdown of the rewards
And from ARF, which is the automated reward for me
still currently in development and optimization, but then
It's it's when it comes out when the final version comes out. It's going to be
Regarding the security features. We have everyone in part testing to ensure that it's used. It's actually safe
for everyone's views because
Actually beauty it's from the ground up. So we actually testing that security features so that
Safety and ensure the safety of the users. So I think that's that about
I see captain and I was wondering will add a connect have AI built-in and how will it differentiate itself from other crypto wallets in
terms of the features and the user experience
Okay, sorry, I I did bring a good cause for me
Yeah, no problem. I was wondering if
Addi connect will have AI built-in and how is it going to differentiate itself from other crypto wallets in terms of features and user experience?
Yes, well that is actually an interesting feature it's using AI is actually, you know in action in discussions with the team and
The team is super into denigrating on that because of course making using
Integrating the use of AI makes everything a lot easier
But depending on the feedback that we get from the community if it is heavily suggested
It seems actually standing by listening to the committee's on info and inputs. If it's something that is heavily
It will definitely incorporate on the many useful features of our material intelligence and machine learning models
Into the ad connects. Well, maybe when that happens and it connects will definitely remain as it is while
Running performance improvements and optimizations. I
See and going on to you guys looking at the
Audi bets. How does any bets guarantee fairness and transparency in its decentralized sports betting offerings?
Yes, I do bets before fight deliberate and dive deep into I do bet which is decentralized with the sports betting
Ping that just goes from the team tells me that
Will definitely be keeping our realities as we can see we move away from it in March and we're going into a tip system
so the tip system means that
It's actually another additional layer of that extra connection between
The the users the art lovers and the art creators themselves
And now this tip system if the buyer wants to simply access the gun and a reality system
That's also involves both by an seller rewarding them books. It's actually also being incorporated
the ID connects markets, please
The the ID craft sorry ID crafts NFC markets, please
now so moving on to ID bets like I said before I did bet sees the
Decentralized crypto sports betting that offers best odds at lowest fees
When it is fully developed is really who use us to be able to bet on thousands of live sports events
Any kind of sports from NBA sports to even eSports on casino slot games
because those slots aspects is actually been absolutely developed and
Really not announcements regarding that
definitive progresses are made
By the time is fully developed getting started. It's going to be easy
by simply connecting the no cost to the wallet and the positions on USDT on
The arts can start placing bets on their favorite games
Show some love to that scene by going to any bets
pitching pitching and watching for your team with your money and
May the best team win. Hopefully it is the team that you bet for
How's it gonna sort of launch?
What sort of sports and events are gonna be available at the start to bet on any bets and how are the odds gonna be determined?
Okay, so I got on the fact that you could actually pick
I don't know if it's breaking for me as it is for you
But the questions are coming in quite breaking quite the connection is actually quite bad
So I do not know if it's from my end, but you were talking about
Seems I've events. Please. Could you repeat the question?
Yeah, sure captain this about the
You know when it launches what sort of sports and events are going to be available at the start and
The betting on how the bets how are the odds going to be determined?
Aha, yes, I'm sorry. I keep on frequently asking
It's repeated questions because I need to get over here the questions. So of course the sports that
You'll be pitched on that will be invoked is
Live sports events. So any live sports events that you can think about
from NBA games to cricket games
We got it covered. We'll also take a variety of e-sports games and casino sports games
So these are the range of sports that we will be you know, I did best to be making
Integrations into and we'll be delving into this particular types of sports
So you can't turn going on to
More about the tokenomics and the Addis Steak. I was wondering what sort of a PY
Percentage can users expect from Addis Steak and how is the yield?
Yes, you for ID stage is used to increase on the ID finance or games. It's actually a way to you know reward
those who hold long the ID tokens long
So if users love tokens away for a specific period of time, they can receive
So as I said last my last optics the depth was actually optimizing it in a way that the benefits
ID sticks ecosystem as well. So
we want to do it in a way that
Those who actually wish to stick their tokens for long will not regret the fact that they do while balancing
So if you are is the risk is the rate of return that's end on the investments and taking into account the effect of you know
compounded interest so the difference between that and
Simply just the fact that
Compound interest is actually calculated periodically and the amount is immediately added to the balance
Was a I did see this is actually in the works of the day
So more details about this also will be discussed as well, but it's also going to be rolling out soon
The ID stake and its features as well
Got your caps and then I was looking at the
Is that when's that sort of coming more when's that launching and how does Ed card work?
Because you don't need KYC or registration and what are the limits and fees associated with its use?
Sorry Glenn, you talked about issues, please would you repeat your question?
No, yeah, I was asking about the ad card and I was wondering how does Ed card work without KYC or registration and what are the limits and fees associated with its use?
overview about the ID card if you would like to give a brief overview about the ID card
So just imagine this if you have a card that
It's not censored by the government but could actually use government-based utilities
That's what ID card is all about. So imagine the fact that you could actually use a card that supports centralized finance
But then it's also makes use of web tree and blockchain features
The way the ID card is actually going to be designed is the fact that
You could actually use this card to make purchases on any kind of transaction or service product or service that requires
That requires the use of a card, so of course the card is going to be
You could actually stake the tokens. Sorry, I'm gonna try to stake your points or use your stable coins on that card
And use that same card with the stable coins inside so, you know, make purchases and perform on any kind of transactions
So I think that's the overview about the ID card
Viewed in a way that it supports multiple use cases and different kinds of transactions
As well as it can work with some automated killer machines, which is on the ATMs
So the ID card actually be a rule out as I've seen some pictures of that ID card
You know asking the death if you could actually shoot me one myself
Because I definitely like to test out so when it rolls out finally when it's fully developed
It's actually going to be another one that will use case and it's in it's in it's real. I'm also
You know be one of the features of IBS and overall ecosystem
Features of ideas and overall ecosystem
Which countries is study card going to be accepted and how does it handle sort of currency conversions?
Yes, for now, it's actually
Give me a second to ping the team regarding the country that's actually enlisted
but it handles transactions just like
We made it easy so that the transactions would go
As easy as if you were even running a web 2 transaction, but of course
We want to focus on countries that have
fewer restrictions on you know web 3 and web 2 based transactions and
It seems that really also seeking insights and scouting this while doing diligent research the research teams are trying to looking for countries
They would love to you know roll this on out, but then
We also have a legal team that's closely working with us so that we do not you know violate any
of the ever-changing government's policies on you know, the transactions because
Government is not really happy with the fact that they're losing censorship and control and they're doing everything
It's a new modifying law. So we probably respects the government and
Ever-changing policies. We also want our products to sell. So we're looking for the places where
the discards actually can be used but of course as soon as we to find it we will be rolling updates on social media platforms and
like I said earlier we want to be able to run a KYC before
The legal team advised that we should run KYC before running the ID card
So and we want to do to respect these rules that are in place once we can follow
not to restrict it and one of the requirements one of the things that the legal team pointed out is that
We actually need to go to KYC
The users that are also spending this using the card also need to go through some point of KYC
So, you know guess the ID
popular question that usually follows KYC is
protecting the users data and
I think I can be as that ID card and ID finance will definitely do all they can
cybersecurity technology has currently in place to
Protect user data and of course you
Won't be hearing of data leaks
Critic to cash at any ATM requires you to do some form of KYC and of course
Some people are trying skeptical about this. Of course, if you
You're a real player you could play out into a beat from your apps using the ATM or you know
Recycling your data that you run KYC to us
Got your caps in there now. Let's move on to I was reading on the white paper about
Addy play five and game development
I was wondering what types of games are currently available
How do you play five and what can players expect in the future?
Blockchain gaming platform that consists of games that is currently on that development by ID finance
While we do have a lot of things on the development
We are also actually paying attention to what's the committees actually?
Requesting so of course majority of these utilities are other developments
But one thing I need to know who got to point out about the ID card is is transaction limits
you could actually go up to
That's actually the maths that the card can hold. So this means you can actually hold and spend
so heading back to ID play five of course, no games are currently being developed as
The utilities are spreading thin. So we are decided to focus on the ones that will generate revenue
For our hold us for the hoes out as the others that we will take so to speak
When I do play fees actually fully released
Will be dedicated to solving the problems of you know, both traditional and online gaming platforms
Among other currency related online gaming platforms, you know, most of the web tools gaming startups are skeptical
But only debris actually headed to you know, try to travel three games
While we do not have any games yet. I reply is also being heavily considered
News about I play fire would also be
On our on our social media handles and our telegram. So please if you haven't please give us a follow
Um give ID finance a follow as well because the team is actually
Invested in enlightening its users through social media
Um, you know recognizing twitter and telegram as you know, the halls of web3 crypto
So if you was a fellow and definitely roll out updates regarding, um, id play fees ecosystem
um, some additional features of
Id play fees when you run, um, id play fee if you have an nfc
Um, you are guaranteed to have secure ratio assets ownership
And it's uh, it's which also be coming up with an easy to use game launcher
It's going to be community driven reliable and stable and a fair gameplay, especially when it comes to um
regarding updates and news
Id play id finance is actually have um the acn
Which is actually the news and educational and wink of id's ecosystem
Uh on the onset of the ama id talk about about that also what we onboard
Considered news. I wouldn't say anyone is considered a noob
Well, I would prefer to call them. Um, those one really are oriented
So, um id finance takes the pain to orient everyone using um, the id
community news and the acn and you know
onboard new users to crypto
Um, it's currently being developed and it's also been released soon
Uh, so basically the devs are actually walking around clock
Actually with the team the court team and the devs and uh, the devs always provide updates
um, you know, it's make their times that um particular aspects and sub categories of features have been released and um,
Not only holding these updates to themselves, but they also
Release these updates to you know, the team so the community because they also like to keep the community abreast of what's happening
And then keep them informed
I see captain and how does
id finance plan to uh, you know, the id finance team plan to attract third-party game developers to its platform
One one thing that actually um
brings game developers, uh, of course is the fact that
A lot of time is actually spent building games especially games that people enjoy
Years of development active developments even after the game has been released
purchase to solve bugs, you know improve user experience is also there but one fundamental part of you know gaming
Is um providing, you know, web tree, um transactions
so, uh, this is the place where the developers are skeptical about because they using um
Decentralized transactions so to speak scares them away
id games, um id play fee is actually fully released
um is going to be onboarding these developers with
The insights that they go to insights that they need
to integrate their web two games into web three
Of course the team will also love to you know, discuss more insights with this while the um id play fee is actually
While id play fee is while release dates for specific upgrades for id play will be released
Um as soon as it's ready to onboard game developers
Ad garage I was wondering what kind of merchandise is available at ad garage and how often did the team release new items?
Uh, yes speaking of the merchandise
Um, i'm also question asked about the one in black
Uh with the you know, the id logo and the id token written on it
Um next to that is the awesome mug which id written on it as well
So, um, of course, um, the garage is the merchandise for offering um high quality i regress team merchandise to the public
And the users can actually order online different types of one items that they wish to purchase
Um once it's also it's currently in developments as well
but um down the road updates also provided about this and my news there's some users that are also enthusiastic about the technique and
Uh, the economics regarding that also the information about the economics also be released
Um following um developments of you know, the id garage
Um, i'd like to set up up to some key points and some updates that I have received
Um that rosh rolled out and that's um, the id connect news id community news will use um an ai aggregator
to pull news from various sites into one site, so um
Regarding informed based decisions
Um id is going to be using that ai aggregator. That's one of the places where it is in ai
I didn't really ask the question earlier about that. So
Imagine making informed news
Say getting the hits that Elon forms dodge coin by mentioning the word dodge
You know, this actually happens and I think
Yeah, i get a piece of and says, oh, you know, just say something about dodge to probably use us
I want to go, you know, hold um hold more dodge and buy more dodge for the price spikes and those who are those who are
Digends who actually wish to you know, take advantage of this news
And um, I know another class of people that will make use of this news, uh by the traders that you know
Super illustrator that you know heavily depend on the news and events around the world
Especially the ones that are affect
Decentralized finance, you know, um certain news reports actually, you know
improve and and reduce the prices of these
Of various aspects. For example, we have um the advanced news in a couple of over 50 days of bitcoin halving
of anything that's you know
It's been spoken about bitcoin
The ai will definitely pick it and if it's if it's a relevant news that actually make a user
Or the newsreader making form-based decision
Um the aa acn that is provided by ie
Actually be able to contribute to whatever decision that those traders will make
So I think this under selling points because as the news rolls out, um is the first people to achieve this acquire this information?
That actually achieve results
So id finance has also seen that um news and information
Is actually a key factor to making informed-based decisions and also prioritizing this as well
Got you captain and sort of going back to the start we mentioned, you know, it's been around a few years
And has it been recently where it's had a migration and emerged?
uh ad bsc ad matic, uh verse
Has gone into ad finance is wondering so what improvements or changes of users experienced?
Yeah, of course while we make um changes, um, the changes are actually only made for the better because
Um, like I said a couple of minutes ago, um, the users are actually, you know
Making feedback and the team discusses about this feedback and then wish to make changes. So of course one
um, very important change will be made was um, uh, the ETH of migration and
Of course, we did take everyone along
Um by, you know providing appropriate channels and uh enough time
For you know the users to move over their tokens or to change their tokens, so to speak
so, um the three tokens merged into one token and um, this was actually responsible because
And so it's actually possible rather because of the community that you know put it on this change
So, um, the team, um after some very very very long and detailed discussions
Um, the team decided that okay, this is actually how we're going to move
But then we want the community not to you know, incorporate too many
so after this move happened, um
Reports or complaints has actually been immediately addressed by the courts in
Um, there's also a personality there when they're actually making addresses to some complaints that was made
Um proud because of some leaks those who actually made some leaks moves or did not see the news on time
So we actually did match all the tokens into one token
and this was as a result of
Think about for the community. So that's that's about um, you know migration
Got your captain hair makes sense here and
I was looking on the white paper. You've got the
Can you explain the mechanism behind ad raffle and how it ensures a fair chance for all participants?
Yes, i've actually been wanting to um
Discussed in detail about you know, id raffle but um, I also like to second back on something
I actually just remembered about with migration. Um, I think another thing that triggered it was that um, the gas fees were actually too high
um on the ETH for NFC, so
um, we did a little tweaking in that regard and of course if you notice a
Significant drop and those who use it
Using gas fees, especially in relation to the NFCs
One of the other spaces that the team was on that they were being interviewed
one thing I definitely particularly remember was the fact that
The gas fees that are currently being used now
Uh after we need to do nothing
tokens and for ETH, which is well known for
um being heavy on gas and depending on the quality and quantity of the NFCs
um, staying talking about amounts of you know
five to seven depending on you know, the transaction volume that's been carried out and
the gas five to seven dollars not five to seven ETH
Oh, sorry, um, I also need to talk about IDRIFO
I got distracted for a moment. I'm sorry about that. So um, IDRIFO is the standalone utility for you know,
um, it's actually useful for blockchain projects and communities
um, it actually comes in really handy because uh, it's using actually a blockchain randomizer system that
true randomness so to speak
And it's actually lets community members participate in fully decentralized RIFOs all um in one click
After you run the AI RIFO
you could actually create new quant razor RIFOs within five minutes using our web app
And um, the units are actually chosen by changing VFR and the results are actually posted on the blockchain
So this actually enables a secure RIFO system
which is designed to automatically pay out a certain percentage of the total
collected funds to the winners
So I think a particular use case of this is if I only commit and I'd like to run a RIFO
I could actually incorporate IDRIFO and use this
it is truly randomized and the results is
His results is actually a fair one where nobody will ask questions because
This is randomized on blockchain and it's also published on blockchain
I've got you captain. Are there any sort of requirements for blockchain projects and communities to use the
Oh, yes, the requirements is really simple
If you could actually use the web application, that's basically the requirement
So a few clicks you could actually integrate IDRIFO into whatever
So all it takes is just a few clicks on our web application and you could actually use
So, you know pay out a certain percentage of you know, the total collected funds
Will I call it the POTS? Yes, the POTS. So for the entire POTS
All it takes is a user who is a bit tech savvy and that's basically all the requirements. So the user is
random systems work, you know, putting names into
the randomizer and you know running it through the randomizer and then picking the winner starts basically the requirements so it's as easy as that
I see you in this and I've got a couple of questions left by the community
From say Indonesia and so it's very late there. So he left me a couple of questions and he he asked could you elaborate on the
integration of the Uniswap v3 SDK into
Aldiswap, how does this integration contribute to enhance the user's experience and ensures transaction safety?
Sorry Glen, please. Could you repeat the question? Yeah. Yeah
Sayad was asking could you elaborate on the integration of the Uniswap
v3 SDK into Aldiswap? How does this integration contribute to enhanced user experience and assures transaction safety?
Making that using Uniswap actually ensured the fact that
we understand that we want this transaction to be fast and seamless so integrating Uniswap actually
adds that layer of boost to the speed and efficiency of the transactions in themselves and as well as
the easy to use use case and
putting that time of transaction in hard and
also that effects on the fees so integrating Uniswap actually
makes it a lot easier makes the transaction not just easier but also a lot quicker and
it's also user friendly so to speak so
We we decided that the future version of Uniswap will also offer some additional
decentralized finance features
like sticking new form and liquidity provisions and rewards
We will have an enhanced dashboard which estimates the gas fees and also incorporates any other visuals so that the community might actually find
It's in virtually integrated data and you know the activity discussion of course
Direct to get to peer trading without security risk of closing the club parties and that selling point of ID swap
And you know having to have the company's control of your assets at any point in time
Without the need for a centralized exchange. It's also another key selling point of ID swap
Got your cancer now and he asked another question as well
Addiswap supports a theory and banner smart chain and polygon. How does the platform handle cross network liquidity?
And ensure seamless swaps between these chains
Regarding polygon, sorry again, please could you repeat that question?
Sure. Sure. Yeah, he asked
Addiswap supports a theory and banner smart chain and polygon and how does the platform handle cross network liquidity and ensure seamless
swaps between these chains
Uh, yes, we we have a system that actually you know balances this out
Um, I I haven't really gone deep into the technical details regarding this
But um, that's actually a very valid question. I'd love to step back and answer it
I'll probably drop it sweets. Um about this on that space
It would answer to that question
Okay, bonus Venice for that captain leave. I should say fair enough there
Let's open these spaces. We've got Venice. Are you on a question for captain? Go ahead?
Uh, yeah, I can thank you so much. Uh captain, uh, you are doing an amazing job. I really enjoyed the presentation so far
Okay, I have a question regarding the uh ad card
While the absence of KYC and registration may appeal to users seeking privacy
But how does ad finance address concerns about potential misuse of the card for illicit activities such as money laundering or
terrorist financing or or how they ensure compliance with the regulatory requirements, especially regarding the anonymity it provides
That's that's actually a really valid question, uh, Venice
It's actually a main surprise because I did ask that question myself
And the team actually did also relay
What I actually had in mind and I'll be really answer to you as well
um, if you did, uh, look at the details of the question, it's actually supposed because um
Based on that high benchmark hundred and fifty thousand dollars cap for a card is actually a lot of money
So that is actually why that KYC is actually needed
Um, of course, I can over emphasize the fact that you know data is protected
And now, um, I also made mention of the fact that we actually have a legal team
That's you know, um things are some details regarding how the use cases and regulations work
so the legal team did ping us on the fact that
specifically bad actors who we wish to use the card of course while we wish that
Make it completely private and anonymous
They haven't really a really defined solution
So the fact that um, it would actually make it completely decentralized card
Um, it's issued by a bank. So you can be assured that it's actually safe and um, you
Shouldn't worry too much about um, you know, bad actors making use of it for um left-handed activities
Uh, because um any such activities are already taken care of by the government
Uh, of course while the government is doing their best to court crimes, um, they're still going to be intelligence and criminals who?
Who seek to you know, sometimes take pleasure in evading such governmental policies
Um, so um while we're doing our best to make sure that the card is being used positively
we also have um guardrails to ensure that um, we protect um the
the reputation of the card itself and um, you know, uh
Making sure that the majority of those we use the card is it for just what it was meant for and day-to-day
positive transactions and services
Okay, yeah, I completely agree with you and um
as a team offers off ramping solution with the card that is uh backed by visa or master card and
platform provides on ramping solutions allowing users to purchase cryptocurrencies directly with fiat
Yes, that's actually the selling point, um, um, the card deals does support a couple of um fiat
Um, uh fiat stable coins so to speak. Um, of course
based on the ever volatile nature of um, you know cryptocurrencies
bitcoin inclusive, um, there are avenues for you know stable coins like usdt and um,
Um, uh other fiat related currencies, you know, which enables that seamless transaction
Of course a dollar will always be a dollar
But just today there's been more than 100 different fluctuations of bitcoin and ethereum
So yes, we definitely integrate in our you know
Stable fiat into in the cards to make those transactions, you know a lot easier without question
Yeah, I think uh, that will be really a great feature for people
Who want to um and want to on ramp with uh
Like on ramp or off ramp, uh using the ad finance. It will be a great feature
Okay, I have a question regarding, uh ad bets. Uh, i'm curious about the sports book infrastructure
Will you clarify whether ad bets has its own sports book or if it leverages any third party sports book for betting services?
we're leveraging the third parties because um
Running casino slot games and e-sports particularly will be heavily dependent on the third parties
but um, of course, we are also looking for ways to optimize and integrate this as well because
Takes its its own tool on on money being spent
Of course, we also want to you know, probably um make use of financial resources that we have
Staying as profitable as possible without compromising quality. So for now, um, yes
Most of it will actually be thought parties
But um, I think this will also be another question. I'll actually tweet about
Um as soon as I get more clearer insights from the team
Okay, and I understood that dlm student decade came from third party developers
Uh, so i'm wondering that wouldn't there be any contract?
Done with them or what if uh, some after some time these developers decide to
Remove their games and launch their own separate project. What will happen in that case?
This is this is actually why I actually love um aim is being held here on movie media. Um,
Sometimes I I really wonder if they're actually questions or suggestions for improvement
And I'll actually take this as a latter
And uh, I'll also relate this particular question or or suggestion of improvements to the team
But um, of course, we also definitely want to incorporate anyone as much as possible
And you know, like I said earlier we also want the game developers to come in
Um, you know and use um id play fee when developing their games
Who knows maybe the developers will actually be really them tech savvy and wish to
make use of um, you know, uh, their own tokens for the games, but of course I did bits and i'm sorry, um,
Idc is actually in current developments and um, I'm going to also relate this particular question to the team so that
Where while they're building this and for the concluding develops
Um, I believe that we'll definitely come back here and have a follow-up on the progress that we've made here
Um, you know regarding this particular question and this particular instance
Uh, that's what about you know, thank you very much for you know, this, uh, particular suggestion. I'll definitely relate the team
Okay, the team is actually here. They're definitely also listening to this and um, they'll definitely go find out why it's
Yeah, I really appreciate that. Uh captain and one last thing. Uh,
I have a question regarding, uh, one of your future product that is ad kids
Which is really an impressive idea to educate children about cryptocurrency and box development
um, uh, I want to turn around at uh, what plans the team has to ensure age appropriate content and address concerns about
exposing miners to the gist associated with speculative investments and online security threats
Well, yes, um, this is actually a really valid question because
Of course, I personally i'm actually concerned about information exposure to miners
And sadly the advancement of technology is actually making it a lot harder for those for information to even be censored
Uh while censoring information has its drawback
um, I also have to admit that, you know, censoring information to miners is actually uh,
We're meeting their informational exposures actually, you know, actually important because
Those developing brains need to be protected while they grow
So, um, of course we are going to do our best to you know
Ensure that the information is actually age appropriate
And uh, you know the best we can actually do right now
We can't actually ping every single address if you notice if you visit id finances websites
We do not even collect cooking information
Because we believe that that's you use our private data
While we cannot overly um exert that power to censor all the information
We do our best to you know, make the information a lot generic so that
People of all age even a child that can read would not be harmed by the information that's been provided
That's my take on that. Um, i'll give a follow-up to this also
Um, if the team sends me, um, a better and distinct reply
Yeah captain, uh, I really admire it and I really appreciate the answers you provided for my questions and thank you so much for answering them
Thank you for the great questions venice, um, it's always great to hear from you as well
Thanks for the question venice, uh, unfortunately we're running out of time
But uh, yeah, if there's anything maybe we haven't touched on uh captain
Um, or we could do a recap for anyone who's joined the spaces, uh later on tonight, uh, it's up to you
Well, I I think the only things we haven't touched on is what we've actually discussed privately in our core team
Uh, the team will not be very happy if I expose all the secrets here
So that we will basically cover everything that's actually available to the public
Um, I I had to hold my I had to hold my lips carefully
Disclose, you know the the wonderful
While I could actually you know
Also talk about the ones that are
Will be rolling out in a couple of weeks and months and to provide profits one that we should actually be looked at for
You know is the id raffle
Um, you know the id connects ibcraft
I think you've uh come out there captain. Um, but yeah, it's been great speaking. Um, um, you give us a great dive into
Um ad finance and there's a lot of utility a lot going on. So as a we always recommend, you know
The community or anyone organically joining the space if you've got any questions after the spaces, uh, check out the website
Um platforms, uh, if you want to go and ask any questions from the team or i'll talk to the community
Uh head over there check out the white paper if you want to uh dive more into that and uh, yeah
But as we say, you know mobby media is for research and education. It's not financial advice
But um, thank you very much captain for coming today
And the ad finance team and uh, yeah, it's been a great spaces. Uh, take care everyone