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$AITEK Crypto Loans
Recorded: Feb. 23, 2024 Duration: 0:35:19Space Recording
Full Transcription
Hey, what's up guys just give me a minute while I
while we share this out. If you can retweet the room that would be much
appreciated. We won't be long we just get a few people joining the spaces just
if you can bear with us and give us a few minutes.
Mr. Monopoly is your your speaker working mate? Yes sir I'm all good.
There you go cool cool. Sup guys just give us a give us another minute or so while we get a few
more people in here. I think we're gonna have a few other speakers so just hold
the horses.
All right all right we'll get started. Not too sure if Rizzi was gonna join but
but that's all right. Hey what a what an amazing success the first 24 hours first
24 hours of the loans. Over a hundred K volume of loans really really good to
see. Everything's been running you know super smoothly going really well. We
actually just took the I was gonna walk people through taking a loan but I
actually just got a message from the CODI Dev saying it's just changing a few
things so we literally just took it down about an hour ago or something. So
well that's been updated. Just to run you through it I'm sure you know a few of
yous gave it a try and whatnot but yeah 100K in volume. 100K in volume that's
really good. It's starting to scale pretty quickly. We've also also managed
to almost close a few different partnerships. You got to understand with
what we're doing and what we're bringing to the space being a sort of first mover
we want to get the loans everywhere if that makes sense. So we want to get the
the loans on like every telegram bot on your buy bots on your DEXs and you know
those are sort of the goals that we have for for these loans is to have it
as a you know to have it in the space is something everyone uses just like your
your sniper bots or your all those type of things you know when you go on to
when you go into to do to buy a coin you see that little loan option there you
know loan against your coin. So I'm really pumped about it and I love how
it's been going and there's lots of excitement there's lots of talk about it
everyone's sort of been testing it out and they're like whoa with it you know it
actually works and how how did you guys figure this out. So I'm pumped up what
about you Mr. Monocoli what's going on? Yeah wonderful first day man over 100K
in loans that's just I guess right now first 48 hours but yeah we're already
working in the background with a lot more on the way for it too. I mean what I
like about the right now the dual utility that we have with leverage and
loans you can see how they interconnect with each with each other but they're
also not just helpful for our projects but it really helps us to be able to
expand to other projects like you know I mean you can see it's somewhat taking a
loan as some type of alternate universe of staking where you know they're
collateral collateralizing their meme coins which is basically in essence
stabilizing that project as well like how staking does for the general
projects but they also get their liquidity get they get to have the ETH
to either double down into that project or ape it into ATEC or do whatever they
need to do with those funds. So I mean it's a breath of fresh air in the space
double first mover definitely excited to see what the road looks like ahead. Yeah
man it's it's definitely like sort of shaping I guess the web 3 space though
the way I feel like this is gonna play out is I keep on going back to like
sniper bots is when when we sort of seen how sniper bots took over the space and
when they first came out everyone sort of like you know not that many people
use them but a few seen value in it and like they kept at it and before you know
now now the whole space you know not the entire space but I'd say 90% of the
space you know runs a runs a sniper bot and I can just see loans being that you
know that the same thing I mean who hasn't wanted to buy a coin but like
been a bit short on funds at the time you know what I mean there's just so
many coincidences we're like you know you may have $50,000 $20,000 tied up in a
coin and then like you hear of some launch or something happening and you
know you like you know it's a sure win and you just wish you had that money for
it but like you don't want to sell that position because maybe you're gonna
lose you know five five tax you know five tax when you sell five tax we when
you buy well and lose your position maybe the coin pumps while you sold so
for us being that sort of like we're solving a problem if that makes sense so
yeah you know you can simply just just loan with us easy peasy and make it make
it happen I just see Rosie just adding them up as a speaker man what I like
especially in the DJ in space is you know you can max bag something while all
your other assets are you know scattered across your portfolio you take a loan
and you're super bullish on this project like a tech you know you know you know
it's gonna be a winner so you take a loan out double down leverage as well
just go all in it really it frees up a lot of possibilities for the people that
are kind of in their midst of getting started looking for their moon bags they
can really you know amplify amplify gains and change lives and whatnot but
yeah there's so many different routes that someone could take with us so I
mean just as successful as you know you're you're generic alone this can be
even even stronger strongly applied into crypto to enter into the real world to
you know put down down payments etc so I like to see where we're where the
community sees opportunity and where we you know utilize those opportunities to
really get exposure out for the loans but at this point it's more for you know
the community that we have here for you guys to try out the platform like you
said Enzi it's working quite well and updates will keep coming and feedbacks
always welcomed so you know we grow together moon together in that sense
too the best thing is like this is only just each chain right guys so like we
tweeted out yesterday we sort of said like you know like this is just the
start of loans and there's many different forms of loans that we can do
there's like this is probably to me this this isn't the pinnacle of what we can
do in loans like that the next type of loan we have I think is really gonna be
something big in this space and I like the way it's gonna work is pretty cool
so I'm really excited for that if anything it's gonna be something that's
gonna pump coins if that makes sense so yeah I won't give too much details
because we don't like we don't like putting too much out there until it's
actually live and like for people because you know the space is filled
with copycats and shit like that you just never know who's listening in so
you know we want to avoid that the the best we can do but but multi chain is
something that isn't far away like it's very close it's very close so watch
watchful updates I know that there's like quite high gas fees on ETH so you
know being able to do this on on on polygon being able to do this on Solana
been able to do this on AB being able to do this on B&B you know on smart chain
like you got to remember there's just you know millions of users across across
B&B and smart chain so like it really is just a start of what we can do for loans
and like really pushing these out and getting like mass adoption and getting
people using it as like the key to success and we're working on
partnerships with different bots and stuff like that already so you know
expect to eventually start seeing like to me that that's the pinnacle of really
like making this a movement is as getting is getting us on like you know
like every bot in the space you know we want to be on shield we want to be on
chart AI we want to be on on safeguard by bot you know we want to be on Bobby
by bot we want these these links that are permanently fixed there saying loans
you know just a little loan button and it's gonna happen everything's just
gonna take time I mean you guys have seen how we've delivered so far and I
think I think you know people will be pretty happy with what we've
accomplished in a short space of time chart looks great you know I know a lot
of people care how that is but to me it's actually not anything about that
it's actually user experience and getting users because as we continue to
prove the concept of having users run and use our loans man this is this is
only gonna blow up and get bigger so yeah yeah the loans are being used say
like what did we do for volume yesterday we got over 100k 100k so guys don't go
and try use the loads at the moment we literally just took it down just before
we started this space there's just a few edits being made on some things just to
make things a bit more more user-friendly and that sort of thing so
we're also redoing the whole dap as well the whole dap skin upgraded is gonna
look fucking absolutely perfect so like you know lots has come in and like what
user scene is really like the business happening in front of you and being
built out like it's slowly being built out so you're gonna see these updates as
they come but yeah the loans are currently literally down because we're
trying to update a few things but we've done over 100k volume in the first 24
hours so yeah I mean you know the product speaks for itself it's nothing
what what blur is doing but that's what we're working for so you know not sure
if people are too familiar but but blur the NFT platform they also do loans and
they actually do about a hundred million plus of volume a month across NFTs and
what I want to say is like you know NFT volume yeah it's it's sort of there a
bit but man you just you just wait until that coin volume starts pumping we know
how much money's been traded across these shit coins boys like there's a
there's a lot of money and a lot of liquidity there so a hundred mil do I
think it's possible in volume 100% but yeah all right
Rosie if you wanted to speak sorry I cut you off there yeah no worries like I
think it's a good thing to just like add into your trading strategy like what I
always coach like I've onboarded a lot of people into crypto into DeFi and what
I always coach is like find those big bags like those long-term bags that tech
dumps the AI tax and then and then still keep some capital to go and play
around right and be patient when opportunity arises you know make sure
that it's good and then eight right and you you make ETH go and store that ETH
and some of these longer-term assets but the way that this is designed you can
have all of your money at play the majority of the time right hold those
long-term assets when you do see these opportunities coming up maybe you hear
about a launch or you know a new a new DeFi play that you think you can make
money in over the course of a few days just take those long-term assets do a
loan on them get your ETH go and play come back pay back the loan and then
your liquid again whether you want to buy some more of those long-term assets
or or keep the ETH that you have in profits it's it's kind of a win-win like
I do like the way that it just provides you access to liquidity and when you
need it without having to go and lose your position in some of these other
other bags it's something we've all had man you know everyone that I talked to
about it as soon as they like as soon as you like break it down and they
understand that they're like so you're telling me like I can loan against my
shit coins and it's like yes like that that's the that's the big money drop
like people that holy shit that that's really pull it that's something
everyone's wanted to do and and our next loan contracts the way that they're
designed is really gonna fucking take off or blow people's mind I'm super
excited about it I'm hoping maybe we can get it done within the next week or
something but like I don't want to give you know 100% time frames or anything
like that but I know we're gonna be starting to go multi-chain and you know
all I want to say is that the more loans that come through is the more
money that that that we get and the more money we can send through to revenue to
the stakers we've already got 27 over 27% I think we may be almost at 30% 30%
of the circulating supply staked which is huge you know and I think it's 23 24
days that we've been alive you tell me another coin that's almost got 30% of
their circulating supply staked you know it's very rare very rare do people
have the confidence in a team and a project and see the vision to actually
stake out that long you know we got we got people I think about 50% of our
stakers have done 90 days staking so so it with each staking pool you've
obviously got you know different different APR but you've also you're
getting you're getting volume from our taxes so 1% automatically goes to to the
stakers we've also we already have I think this in the past in the past week
and a half I think we've already given away something like 10 ETH it's like 20
30 K in revenue to our stakers and we've we're we're just about to upload it
again today there'll be like another 20 K or something going in so man there's
a lot of money going into the stakers we've seen Orian just started staking he
he bought a 0.5% and tweeted it out tweeted it out today and he's like whoa
I'm good I'm already gonna be making like an ETH a month you know to some
an ETH a month isn't much but to some they may be like well you know
considering the projects only three weeks old and they're already doing
revenue of of ETH a month and people are using their platforms and you know
they're getting a hundred K load volume it's like it's just a beginning it
really is so join up come see what we're all about and I'm sure you guys will be
blowing away and like what we've got going on here yeah the staking is free
money it's a it's a good it's a good setup like I like the fact that it's not
all tokens right you get combined tokens and ETH because I get liquid capital is
kind of the name of the game with this project is it allows you to make the
most of your capital so the fact that some of the staking gets paid out in
ETH is super complementary make it makes it you know it speaks to the the
narrative right exactly I mean and also we got to keep in mind guys but there's
also going to be updates to the state and that so as you can see from what's
already out I don't want to say beta because everything is fully functional
but it is we do like to cherish community feedback we've already applied
a lot of feedback we've gotten from the community but you know it's an ever
growing process so what that does is you know with with these updates there's
more possibilities that are offered to users and earlier users know how to take
advantage of those so I always advise it if you're inside of a project that's
something like this that's a bit more complex than your general D gen play you
know get your ape in especially if you feel rushed as far as price movement
goes but you know incentivize yourself for holding the bag understand how
everything works and try to see through the cracks of where the team's gonna go
with this we try to be as transparent as possible as you've heard but you know
there's some things that we have to keep on the back burner that we develop but
yeah the more information you have the more you can apply it and like I said
we listen and we apply anything that we find to be crucial feedback so there's
a lot of fun things I can't I have to be very very vague but there's a lot of
things that are coming in that are just as innovative as mr. Monoff Lee's
actually seen now our new debt for staking and like the graphics and things
I think maybe we'll put out some some you know little hints and and show you
guys like the next staking dap and you know what that's gonna look like and
then even the next loan dap and all that so it's all actually getting updated we
just wanted to get a product out there to show you guys that like you know how
many projects have you been in where they talk about what they're doing in
the product and this and that and you don't see it for fucking six months and
the coins dead by the time they show it you know so we're actually trying to
like like get this shit done for you boys we're trying to get like you know
as much happening as possible we're trying to bring the utility to life and
actually get users there's a ton of utilities in this space you know I how
many fucking washes have we seen how many anon crap have we seen like you
know how many layer ones and layer twos have we seen we've all seen it all right
you know a million different things tell me have you ever seen loans across
fucking low cap shit coins you know can they can they loan against BTC can they
loan against ETH can they loan against Solana but then can they go and loan
against sunny yet you know 5 mil market cap can they loan against optimus at 30
mil market cap you know there's levels to what we're doing and being a first
mover is absolutely huge in the space so you know strap on get ready for the right
trader Roshi go ahead bro see you there hey guys what's up I just wanted to chime
in for a quick minute first of all I wanted to congratulate the team on the
success of this new first mover I mean to get new technology into the space is
one of the hardest things to do especially with the way things are now
but you guys have absolutely crushed it so congrats less than 48 hours closing in
on like you know six figures of volume and and some great TVL it is great to
see man everyone wants to see users in this space and I see you guys really
bringing in users that's gonna really bring in a new market here I wanted to
just kind of build upon the fact that our nearest competitor blur right you
know we all know blur doing NFTs lending for NFTs created their own market
right well I see AI technology creating their own market here not only a first
mover but creating a new pool for on chain traders that hasn't really been
seen before and you know with the way liquidity is flowing from majors to tier
twos centralized exchange alt now we're starting to see on chain heat up a
little bit and people are going to come to something where they can put their
coins up against and borrow and and trade on chain and that's just that's
revolutionary man I I'm I plan on trying the loans out tonight people are
telling me it's working better than expected so I can't wait to try that so
congrats on that guys you guys are absolutely doing a great job that
people over here if any of you guys have tried the loans but you know are a
little shy and don't share many things just come in the TG share your share
your loans you know people want to see people in the community talking about it
we all see the users using but the more we talk about it the more we share our
loans the more people will feel comfortable trying it out right so I
never feel too shy to share your experience with with AI technology
because that's what's really gonna bring in new people and I see TVL and
and loan volume heading towards half the mill maybe within a week who knows I
mean the scalability is huge and it's it's one step at a time you know Rome
wasn't built in a day but it sure looks like it could be built in a year here so
so I love to hear that I love to hear that and just just keep it up man the
team is crushing it this is a liquidity market and and we're bringing liquidity
to a new market right like that's that's revolutionary for on-chain traders and
really brings a new element that we haven't seen and look people are always
a little nervous on new things like that right so it's just important to
make them feel comfortable share your experiences and all I've seen is great
experiences here from people and let's keep it up and AI technology team
thanks for having me up here man you guys are absolutely crushing it I expect
nothing less that's why I bought in and state state another thing like a lot of
people have not really talked about because the loans kind of have taken you
know head fronts main stages is the amount staked I mean it's it's
incredible to see the TVL of the staking too like you you almost forget how
bullish that is but the amount of people that are staked and the amount of
capital that is staked is really just showing the trust in this project that
is really so brand new and what I could start seeing happening is people that
um you know have that extra money from staking they're probably gonna be like
oh well I have a few extra thousand dollars from staking that's risk-free
why don't I just try out one of these loans with that money you know what I
mean so it's really gonna create quite the flywheel effect it's gonna scale
great I'm already seeing it so I won't hold you guys too up up with too much
more here but just congrats I'll be here for the ride and much appreciated on
what you guys are doing I'm excited to see all these updates cheers thanks a
lot Roshi man I've been seeing you killing it on tour never I don't I gotta
say I think anyone else is what you have been so man oh yeah man it's important
to share experiences right like like I said it's people are shy people are
nervous about new things but if they see people that have been in the space for
years doing something using something and successfully using something to
make themselves a better trader they're gonna try it out right they just need
that little nudge to see all right other people are trying it out I'm not the
first I know it's a first mover but damn if people are taking like you know
taking money from their staking risk-free they just put a thousand
dollars in a loan right they can just borrow against their AI tech if they
want they're gonna be gonna make a ten times in a trade this is a hot market
they'll be back tomorrow repay the loan boom it's nuts man the flywheel effect
that's going on here is straight liquidity and this is a liquidity market
AI technology creating a new on-chain market and I'm excited to see where that
goes from here baby yeah man so am I and you know guys like you know with
with building new products with with doing stuff that's never been done
before I just want to say as well like there's always gonna be a little hang up
here or maybe something happens here like you know not everything is always
gonna go a hundred percent smooth like we would like it but that's what like you
know there's a saying that like you know calm sees never made a good captain you
know and and I really think that that's something to think on is you know when
everything runs smooth that doesn't make a strong strong community it doesn't
make strong holders it doesn't do any of that so there's always gonna be ups and
downs boys like you know that's just how the space goes it's always gonna be fun
there's always gonna be this and that like you know I can guarantee you we're
gonna get attacked from a million different angles you know that's just
how the space goes so you know hold on tight strap on just know that that that
you know I'm dedicated the others are really dedicated we're all we're all
very dedicated to to see this do well and to be here for the long term you
know I mean I think we've we've proved already that that you know we have the
vision we have the you know we have to stick around power so many projects in
the space you know last 24 hours 48 hours or they can't sustain after their
first pump or second pump you know what I mean I think I think we're building a
sustainable model here that's something that that's only gonna grow and flourish
you see lots of people are supporting us we've got lots of connections in the
space we've got amazing influences helping us you know I say in crypto
crypto Matt tweet the other day and Roshi you know doe Dogen started started
posting like there's a lot of people who see this vision here and you know the
trains just gonna grow grow bigger we see now who else I see coming today
stacker flipper Satoshi flipper like man like he's an OG in the space I saw I've
actually been following him I think since I started started crypto you know
and then he's checking out the loans like there's a lot of there's a lot of
people that that eventually gonna jump on this train because it just makes sense
like when you talk about its people they're like our loans like freeing up
your liquidity what why the hell wouldn't you and when we bring out our
next loads like our next type of loans man people gonna be like why the hell
didn't we think of that project in the space is gonna be good why didn't we
think of that and then like the best thing about this all is guys the big
vision of AI tech isn't just to have isn't just to have you know a few bots
here or there we actually want to become the the gap between coin gecko and and
CMC so you know with the how how we present that is basically by giving
utilities to the space that when they when they list with us like let's say
they pay a listing fee they're gonna get leveraged trading options they're gonna
get different loaning options they're gonna get our AI that we're building
they're gonna get lots of different things to bring value to their project
to go why the hell would I pay five thousand dollars for coin market cap
why would you do that when you can pay you know whatever two thousand three
thousand with to AI tech and get a you know a suite of different utilities and
and things now added to your project to make it stronger you know yeah I just
want to add on what you said well what they do what they say is you know out
with the old then with the new how old does CMC and CG been around right like
we're talking dinosaurs and and cryptos all about innovation right and like I
said it's creating a new market and and the main thing you know I love community
I love people pushing and coming together for a greater cause but the
main thing that everything revolves around a cryptos liquidity right and
that's what you guys are nailing on the head right there the liquidity that you
guys are bringing in is huge money talks we can sit here all day and talk about
community but money talks and we all know that and you guys are making it
possible making it liquid and like I said man nearest competitor what is the
800 mil blur right like it's it's insane so when you talk about competition and
dilution you don't see a lot of that here right and and you want to stay away
from dilution in this market when you start seeing too many of the same things
go in you're like it's getting diluted right well AI technology was able to do
something where they didn't have to copy off anyone they didn't have to copy any
contracts or fork anything right they're just building so that's what we love to
see they're building for liquidity the communities seems to be falling and
shaping up nicely and I could see us getting at least halfway there to that
competitor you know within the year and things things could really start taking
off like I said TVL everything liquidity everything you guys are bringing it to
the table and kudos to that it's and yet like you were saying it's a one-stop
shop right like you you look at what people are talking about with Nvidia
right like Nvidia is carrying the equities market right now I mean two
trillion dollars today or something surpassed like it's insane right like
what AI is doing clearly AI narratives going nowhere but up and you look at the
towel chart right you know you study things in this market and you see what
how's been doing and you're like goddamn man they did something new right they
did something new with AI wasn't just like scanning bot or some shit like that
or some rinky-dinky AI technology it was brand new AI to crypto and look
where it's housed in nowadays right so you really just get excited about what
on chain liquidity is doing here so anyways I'm gonna step down and move as
a first move isn't a space for lawyers one big time yep and yeah that's just how
it goes look I would love to stay a chat you know about this constantly and talk
more with everyone because you know I'm really bullish about it I love the idea
but like to be honest I like to put pen to paper and I like to get to work I've
got I've got networking to do we've got deep work to do we've got a million
things to do we can stand here talk shit about this project all day and how it's
going to ABCDEF and go to the moon and this and that but we'd rather do the
work and get the product done so I'm gonna I'm gonna jump off spacers Mr.
Monopoly unless you have anything else to say guys come through check out what
we're doing if you don't believe the product you can see that we've been
using it and it's just a start so let me know if you got anything yeah yeah I'll
have a closing statement on yeah I got flustered in the last one cuz I'm trying
not to have a slip of the tongue and spill some beans but as far as first
mover goes right I mean I always go by in creation right there's nothing
truly created everything's recycled so what's interesting about what we're
doing here is that yes it's new it's new in aspects inside of crypto but it is
all very familiar to a lot of users so that really helps with adoption and
moving it around and everybody here that's listening in our early adopters if
you're holding a bag and if you're not you're you have the potential to be an
early adopter but it's there's a lot of lanes with that being said of yes it's
something that's completely new but it's something that's not completely
unfamiliar so bringing in partnerships going into influencers and getting more
users more user-friendly base is something that's a lot more attainable
than starting at ground zero is something that people have no idea how
it works this is something that's familiar to a lot of people whether it's
inside of crypto or outside of crypto so there's a lot of lanes that can be
taken with that too but it really helps with pushing out exposure and as and
strategic implementation of how we're going to market this out and get people
using it as you know their go-to gaps as far as leveraging or taking out loans or
whatever else we're going to be put out that's to come and not be announced but
yeah I ended there and feel free guys if anybody did have any questions after
this feel free to drop inside of the telegram and we're always available more
than happy to answer to the best of our ability all right man jumping off now
thanks for coming in guys your whole power just saying you turned up all good
all good boys catch you later all right
