I'm going to rush me off I see.
Sorry guys, I think the music's not working. Give us one second. Hey Zets, it's Stein from Meal. I can hear the music.
Can anyone hear that music?
I can. So I've been music playing. Can you hear it or not? I can hear it. It's a bit soft. Yeah, I've got me real castor in both. For some reason I don't think it's coming through. Give me one moment. No worries.
For some reason guys my speaker isn't working on my rolecaster so it's just coming out my headphones so do apologise for everyone who's tuning in and listening to Silence but we're looking good on the numbers anyway so good morning, good afternoon, good evening, so whether you guys are tuning in from today, hope everyone's having a good Friday
Just a quick update on Philip Kultur Festival before we get started. The festival will be taking place on the 19th of August this year. Tickets will be out shortly, so keep an eye out and we'll release the link. For anyone who hasn't seen the Philip Kultur Festival has been running Manchester in the UK. The idea is a less conference style and more laid back approach focus more on networking.
Also to showcase all the incredible projects we have in this space as well. There will be a mix of web2 companies, gaming, clothing, etc. Those are food and drink stalls with some live music as well. The event venue is really good. It can host like 3,000 people. We are also teaming up with Manchester's
for anyone who doesn't know they're one of the biggest events and sort of media companies in Manchester we've over 300,000 so we'll be pushing it out through their socials as well. But I'd like to first of all obviously today join me is Helio Pay and Helian's OGs in the space and I doubt they any much introduction so firstly I'd like to welcome Stein the
co-founder. How's it going, Mum? Hey, thank you so much for having us. It's going great. It's Friday afternoon in the UK. So looking forward to the week. Oh, so you're in the UK right now? Yes, yes. So I'm Dutch. I'm from Amsterdam, but I live in London. Amazing, Mum. Which is the
Here they kind of HQ for Polar Helio. We've got a little offers on Regent Street that we share with another FinTech company. So yeah, it's a cool spot to be, for sure. Hopefully we'll be seeing you at the, for the, for the culture festival as well. Hopefully implementing so on a Helio pay.
within the different styles, food and drinks etc. So I will obviously have got me and about that so we'll catch up on the call for this week. I'd also like to welcome Adam who behind the Helians account, what's going on? Well so there's nice to meet you man, thanks for having us on. Yeah the event sounds interesting.
definitely that way it's a really you know closer to home for an event. Well we know we've been through a lot of different events and you know for the typical DGN and typical investor not many people like these conference elements for me I just thought it was complete waste the money and I didn't do hardly any networking it was all the side events so
The all-like deal is to do very low entry and I take it's going to be like £40 just to attract a huge wide audience and also just to make it very low entry, just to get as many people there and just showcase what Web3 NFTs are all about. I think I've just pinned the giveaway, so we'll start on with that as
You've got to give us just want to give the everyone a little bit detail about that. Yeah, absolutely. So thanks, Ed. The tweet there that I've done about an hour ago, basically we're going to be rewarding one lucky listener is going to win five helium, then a two today. So what we can do with it with a helium
So basically all it is you enter the
access code to enter the pay link and that access code will be shared a little bit later on after Steiner's you know talked about some juicy new updates that we've got on Helio so stay tuned and yeah I'll release the access code later on. Perfect and we'll be touching on you've also got giveaway going in May that you want to skip the
information about such on that at the end. But handing over to Stine now. So first of all, congratulations on your seed round, which you raised 3.3 million. Just want to tell us a little bit about that. Yeah, thank you for that. Now it's been an exciting period for us.
So we've been building Helio throughout the bear market more or less. So we started Helio together with my co-founder Cypher J, who's also listening here on the call in Q1 of 2022. And our vision is to build a stripe for Web3. And what that means is that any creator, any
merchants can connect their crypto wallets to Hideo and spin up a payment in USDC, Seoul, ETH or any token to then start accepting that as a method of payments as opposed to accepting credit card payments. And that message is resonated really, really well.
about a thousand projects actively using Hideo and 40,000 unique active wallets for anything from NFC presills to selling merchandise to south subscriptions to invoicing and yeah we've had a ton of momentum I think despite building in the
this tough bear environment and you know towards the end of last year Cypher Jane and I said hey you know I think the momentum is strong enough to go and talk to some investors and that's what we did at the start of this year and they really snapped up the story I think people really
Love this idea of making crypto payments very seamless in a web-three native way Because crypto payments are not a new idea Coinbase commerce has a product for instance But they came from a place to say hey, you know, there's Bitcoin millionaires out there. They might want to spend a little bit of Bitcoin
to buy a Rolex or an expensive luxury item. But the user experience of those types of products has been so crappy while we just make it really easy for anybody that's familiar with the crypto wallets to implement payments and pay for think goods and services.
So yeah, that message is resonated really really well and our fresh take in crypto payments You know as men that a few of these investors said hey, we'd love to come on boards. So we have light speed faction so light speed is a very well known Silicon Valley based VC from
They backed companies like Snapchat, for instance. So really pumped to have them on board. One of their lead partners is a guy called Sam. He's been investing in crypto for more than five years. He's based in LA. He's back in Magic Eden.
that radar so it's really awesome to have him on board and kind of fighting the Helio corner and giving us a lot of great feedback and then we have a VC firm out of the Netherlands their name is called Peak Capital so me as a Dutchman it's awesome to have some Dutch investors on board of course
But the reason why we were really excited to work with them is because their LPs, so their limited partners are the early founders and employees also of Agen, which is kind of the biggest European payments company. So they have a ton of payments, expertise, they have a ton of market
expertise. So it's again really great to have them on board. And then in addition to those two investors we have Solana involved as well. We have a company called Rockaway, which is OG Blockchain Fund. And we have a ton of great angels from the space. So Jim
My co-founder Jim, so Cypher Jay, he's rocking his Bugle as you can see. So, you know, he's got a ton of Bugles that came to invest, you know, SMBs invested. It's just been brilliant to see the support from the ecosystem. People that have been using
our product over the last year. And what we are going to do with the proceeds of the funding, of course, is to continue to invest in the product. So we're a team of 14 people today. We're going to be adding full stack engineers to continue to execute on the roadmap. And we're also going to be
adding more sales and marketing people because we haven't spent a single dollar on marketing in this entire kind of period since we started. So yeah, we can do a lot more to reach more conventional customers in the webtooth space and really grow the sales team to get
are payment tooling into the hands of more customers. So that's a quick update on the business and the funding round. Beautiful stuff, man. So in terms of the web free, the payment structures, what's the status been like with
Web2 brands or Web2 companies are just Web2 in general with integrating these payments to accept crypto. Has it been some pushback from it? Or is people more open to accept it? That's a great question because our vision for this company was to bring Web3 payments to the Web2 world.
And we were naive, I think, coming into this because the big barrier is the crypto wallet, right? If you don't know how to use a phantom or a meta-mask wallet, then web
three payments is not accessible for you either as a merchant or as a user. And so what we've seen is that the vast vast majority of our customers are coming from the Web 3 space, but that market is growing very rapidly, right? So, you know, if you say, hey, if you're, if you're
proposition is okay we make it easy for people with a web 3 wallets to use payments and if let's say in five years that market is 250 million people today is probably around 10 million people then that's a really really exciting opportunity but we want to go beyond
that and accelerates the adoption of Web 3 payments by making it easy for people that are not familiar yet with you know a crypto wallet get them to adopt crypto via Helio so we're executing on what we call in app wallets so that you can log into Helio with just a
a username and password, for instance, and spin up a crypto payment without owning a crypto wallet. So that's one thing that we're working on. And then also, you know, on Helio checkouts in addition to connecting your wallet, we'll have an option to just pay with a credit card.
I think this Web 3 to Web 2 convergence is definitely going to be happening in the heliosphere and coming quarters. And to answer your question directly, if you look at our transaction volume, we do about $2.5 million total payment volume at the moment per month.
So, you know, the vast, vast majority is Web 3 and there are a few examples mainly of WooCommerce stores or a couple of Shopify stores. So I think it's sub 5% today, you know, just kind of shooting that number out there. But it's, it's
going to be a process and I don't think it's five years away, I think it's like an 18 month time horizon where you're going to be seeing some people that are not familiar yet with the crypto world coming in to start using Helio. So it's definitely top of mind for us. Yeah, 100% follow the question that was good to ask for
that because obviously this is very much very web free and I just wanted to sort of get the feel of how is the sentiment like over in web 2 and these people and obviously the main thing for onboarding people is making it a lot easier for them and having the seamless UI as well which you guys have got but how
having that just to be able to log in through an email and password without having to start a seed phrase is a huge bonus as well and certainly will help to unbord many people within the space and giving them the option to buy with a credit card as well. So really really good stuff going on there. Just going back to the seed round then. So you raise 3.3
Obviously you mentioned what's in the pipeline in terms of hiring a marketing team as you're not really marketing it up, spend funds marketing it, and also some developers. How is this going to directly impact or benefit the holders? Yeah, that's a great question. So we, the Helions,
And the project that we started in the summer last year. And we saw it very much as a community building exercise because I think if you have real utility, which is what the Helio payments platform is, then I think a lot of Web 3 utility projects they struggle
to get adoption because they're not reaching people where transactions are happening. And let's be real, right? The majority of transactions utility of Web 3 is in the NFT space. So for us it was a no-brainer to pursue an NFT project.
And get Hideo in the hands of people that are using Web 3 on a daily basis. And from that perspective has been tremendously successful. We have two and a half thousand holders, people that are great ambassadors for Hideo, people that have really spread the words, and people that have been
benefited from the NFT primarily in two ways. So the first way is the NFT is subscription to Helio X. And Helio X is basically the pro version of Helio, where you pay half the fees. So if you use Helio as a standard merchant, you pay 1% transaction
transaction fee. If you hold a Helions NFT, you unlock HelioX and you pay half of that, so 50 Bips. So that's core utility of that subscription. And then the other thing is out of all of our fee revenue
new we credit 10% back to what we call the credit rewards wallet and we paid that out on a quarterly basis so we paid out I think $3 something per heathions in the NFQ4 that had a little bit of a boost because the the Hideo team when we minted the NFQ
We actually purchased our heathions NFTs and there was a wide listing sill as well So you know out of that $3 something I would say that $3 was related to the NFT and maybe like 50 cents from from heathio transaction fees that tripled to $1
50 at the end of Q1. So when we paid out, let's say the $1.50 perions, that was a 3X increase on kind of the transaction fees. So I think that's a really exciting prospect going forward as well as we get more merchants using the product and increase our
You know payment volume then I think that's a really exciting Yeah, opportunity for holders actually what we announced early in our discord today is and this is based on feedback from the community is Hey, you know raise the bar for the Helio X subscription because there's so much value, right if you are a mirror
You do $500,000 in sales through a Hideo. If you were on the normal Hideo plan, you would pay $5,000 in fees. If you have Hideo X, you pay half of that $2,500. So if you are high volume merchants, then there's a ton of
savings to be made. So we've listened to that feedback and we just announced that in order to subscribe to Hideo X you need to hold two Helions. So that's going to put some upward pressure on the Helions NFT floor price. And I think that's a really, really good idea that came out of the community that we're going to be implementing.
We're also uplifting our fee slightly by only 15 basis points to kind of increase the credit rewards elements. So those are some of the things that we are doing. But perhaps what is even more exciting is that we are, we've launched multi chain. So we're Solana OGs, but we
extended in February to polygon and in March to Ethereum. And what we're now starting to see is that on some days we have higher transaction volume of polygon versus Solana. In fact, that happened the first day happened just over a week ago. So there's a huge opportunity there. And Ethereum is
This is still newer for us and it's also more fragmented ecosystem. So it's a little bit harder to get around. But what we've seen in polygon is really, really exciting. And then extending that into Ethereum, we're going to have a clear plan to, yeah,
offer Helio X on Ethereum and we're going to do that again through a community building exercise. It's too early here to talk about it. I can't like reveal anything yet because it's still in the works and also to be clear this is going to be a marketing exercise. This is not like, oh we're going to mint an NFT, you know, to make a lot of money.
money. This is not money grabbing exercise. We see this purely as, hey, what is the right strategy to get Hedio X in Ethereum and get this amazing community that we have with Hedions and replicate that in a different form under a different kind of banner.
in Ethereum to reach DGN's Web3NFT projects and other enthusiasts to get familiar with the Helio Payment tuning. And if we execute that properly, and we're going to be communicating the plans, then I think there's going to be tremendous lift as well for the Helion
community because the incentives are so aligned between Hideo as the payments platform and Hideo is the NFT and you know if Hideo is pumping on Ethereum we're going to see some really you know exciting side effects for for Hideo's so yeah that's just to let you into some of our thought processes there
Yeah, usually hugely impressive stuff that's going on and I think you know you want to do the question of how it's going to benefit holders and there's multiple ways it's going to be doing that. Is the with the polygon and an Ethereum? Are you going to have the same structuring terms of the rewards back into the holders?
We're doing now is that 2.5% of the fees from Ethereum and Polygon are brought back actually to the Solana Credit Rewards wallet. And for this Edox efforts on Ethereum and Polygon, what I can already say is that we're not going to have separate credit
rewards there at all. It's also, you know, it's a bit a little bit of a sense of subject in a sense that, you know, as you probably aware, as Ed's, and we'd love to hear from folks in the audience that might have experienced with this. But I think in the US, there's quite a significant crackdown, right?
And the status of digital assets and if T is being one of them, right, is that can it be considered a security? So I think we want to stay a little bit away from that in the current environment, if that makes sense for any kind of new community efforts.
while maintaining our original promise to the community in Solana. So, yeah, the HelioX community building exercise is, you know, utilities purely focused on the payments platform and getting lower fees and some of the other enterprise benefits and not really mixing in kind of a
traditional credit rewards there. We just stick to the promises that we made for the Solana community. And yeah, if you also, if you look at kind of projects like D-Gods, right, they initially had staking and then throwing dust emissions, they've kind of changed their language a lot.
and calling it rewards. And I think especially if you have a lot of holders in the US, it's just not really smart, I think, to start launching new NFT initiatives with that type of logic built in for those reasons. So yeah, completely agree.
I think it's going to be interesting to see what happens, you know, normally what whatever happens in America, you know, shortly follows suit into the UK and Europe. So I think from a business perspective that makes total sense. You've also got some exciting Alfred, you know, coming up and some exciting things coming up on your roadmap. Do you want to just touch it a little bit on that?
For sure. So we see Helio as a complete payment stack, right? A layer for payments. If you are merchant, whether you're e-commerce merchants, you can spin up a payment or use a plug-in into WooCommerce. If you are a creator, you can
So you can use Hideo Play which is gating to digital content so you can upload a video and say hey if you want to unlock my video you need to pay me. You know, let's say one soul or you need to hold this NFT in order to unlock it. So that's an interesting area. We've got discord payments so we have about 200%.
So you can install the Hideo button in your Discord, say, "Hey, if you want to get access to this premium channel, you need to pay $5 a month through a recurring payment that happens on the chain." So these are all these really exciting use cases, but they are relatively
low volume use cases if you compare it to the volume you can do in NFTs. So what we've really been thinking about the case, what are the exciting use cases in NFT lands where Helio can kind of add value above and beyond all the things that are out there.
So we don't just want to build another marketplace or another tool that already exists. What we really consider here, where can we answer unique value in the NFT space? And what we've realized is that in OTC trades, the tooling that's
available today is very, very limited. I was speaking to Philip, the founder of Stone Abes the other day and asked him, "Tell me something, what share of Abes are traded OTC?" And he said about 20%. So there's quite an exciting opportunity, right? If you think about
all of the NFT revenue that's available 20% is going OTC. So what's the tool that people use today for OTC? It's Foxy's what mostly I think. Or maybe like people just Waller to Waller to wrap. I think the Foxy's what there's an issue with the PNFTs
where you can only do two at a time, which obviously when we see these LTC trades, sometimes it's multiple NFTs that being swapped at the same time. For sure. FoxySwap is an amazing tool. No tooling is second to
I think in the space, but there are limitations and also it's a swap right it's called Foxy swap I think in an OTC world Like it would be very easy if you could kind of market a single NFT and just you know promote that a little bit more for kind of the price that you
that you want. And we have something called Hideo Paylings. And there's super versatile ways to sell any good or service. So what we've been building behind the scenes is the ability to essentially sell an NFT OTC through Hideo Paylink. And that's
It's a really, really exciting opportunity. It's been a complicated project, but imagine going into Helio spinning up the payments as part of that process. You can essentially, from your connected wallets, look, you know, NFT that you want to sell in escrow and then build a ton of parameters around that. Of course, you can set your price.
but you can also enable swaps so people can pay in any currency. You could also gate it to a particular Discord role so if you could say, "Hey, I'm selling my SMB right OTC, but I prefer to sell this to another SMB so you need to have the SMB Discord role or
and you can also offer discounts and say, hey, if you hold a D-gold NFT, for instance, you get a 10% discount. It's a community thing I want to give. So there's a lot of flexibility and you can just share that link anywhere. You can even just share it on
Twitter, if you've got a decent following, you can say, "Hey, or even people like you, right, Zets, people that might want to leverage your network to do an OTC trade, I think there's really something here to make OTC more accessible beyond Foxy's world."
where people typically already know each other, they've done a deal in Discord, and then they go and execute the OTC trade. I think where Hideo paintings can add a ton of value is let people market OTC trades themselves. So that's a product that will be released in the coming weeks, and of course
is going to be iteration, we're going to learn a lot. But I think there's a lot of value that we can add in making NFT OTC trades, you know, more accessible and delivering them on a much better UX.
Well, I think you guys are perfectly suited for it in terms of everyone knows you in this space. You guys have been operating for a long time. From your sleek UI design, a very trustworthy company as well, which will give a lot of people the confidence to actually use the OTC trading through your Discord.
I know a few people have tried it, I've not done it, reached out with money yet, but I know there's obviously, like we've mentioned, a lot of limitations with the ones out there now, so it not only gives flexibility, but it just allows you to sort of customize it however you want, which is giving the power back to the community, which are really like. What sort of fees then are you guys looking to take from those swabs?#
you know, I mean, sort of, Matt, tell what you in terms of the revenue and the shared is going to be bringing back into Helio. That's a great question. So in principle, the standard fees apply, right? So let's say 50 bibs in a Helio Ex scenario, but we want to learn, right? If
I think with OTC in some cases people are doing that also to avoid fees, right? So it would be counterintuitive to charge much higher fees. We have our fee structures layered, so our smart contracts, a lot of smart contracts have fees kind of hard coded in it.
Our smart contract has a variable capability so our backend can say, okay this is a, this is a pay link that has fixed pricing which is a layered fee. So let's say if you want to set your price in 100 euros,
and then charge the user in Solana, that's what we call fixed pricing. For that additional functionality, we actually charge 50 Bips more because we take the volatility out of price movements from merchants. So that's an example of a layered fee. So what we might do with this OTC is
we're going to launch with our basic fee structure. So 50 bibs if you are heat index, 1% if you are just a normal heater holder or sorry, just heat on the sun. If people say, hey, you know, I'm not going to do an OTC on a heat up payment because it's more expensive, then we can say, okay, we're going to drop pricing, right?
this is a Hideo OTC trade. Okay, let's make it 25 bibs, let's make it 10 bibs. And we want to figure out how elastic kind of demands versus the fee structure is. So yeah, I mean, what do you think? What do you think the sweet spot is for
pricing on the service like this. From what I've seen, I think I've not to show on that in terms of what other places charge, but you've given the option to customize it, given the option to token gate it, and you're also providing it as a key option.
platform with a very user friendly UI. So I think in terms of what you said seems more than reasonable for what you are providing. But you know I'm not really too much of an OTC trader, I've done the odd few. But yeah, so I'm looking forward to seeing that role. Yeah. So it's going to be in two weeks time.
I think we might be able to get this out next week and then you know it's not going to be the finished, finished article, we'll get feedback from the community and then iterate. I think we've got a great track record of kind of getting features out, learning quickly and improving it fast. So I think that's what we'll look to do with this one.
So before I came onto this call, I was actually on the team demo. So we have a team demo every Friday at 2 o'clock UK time. So all the engineers dial in and they show off all the cool stuff they've been building. And two people have been working on this. So Ivan, our main has
smart contract engineer and Jiro is a full stack developer and they did a kick-ass demo like it looks already really really good so I'm hopeful we can get it out next week and then iterate from there so yeah we'd love everyone's feedback on the functionality on the fee structure
And yeah, we'll go from there 100% looking forward to try it out and as like you said as well, you know, it's not going to be the perfect the perfect finish, you know, is going to be stuff where you know the community feedback listen to and improve it. So really looking forward to seeing that. I mean, really impressed with
we've heard so far today, you know, a project in a bear market has been building has now raised 3.3 million, which is an incredible huge runway. Probably one of the biggest runways any project out in the Salani Rical system has got. So competing with the rest of them. You know, from an outside perspective,
holder of Helian's self. It's going to be really good to see you guys push the marketing more because just from this space and listening to what you've got coming up, really bullish on for one being a holder, for two are the utilities that you bring in now and for three that you've got this runway and you're using it to continue to build
and bring out new features, new utilities, but also to really push the market inside of it, which is obviously very important as well. So I appreciate you coming on and giving such a good insight into what's to come in there in the future and what you've already built. So really looking forward to seeing that.
I wanted to just pass it back to Adam because I can see a lot of comments coming in asking how to get involved with the giveaway. So, and asking for the code. So Adam, do you just want to just tell us, tell us, tell us, listen sort of how they can get involved with that? Yeah, absolutely. Thanks. Yeah, there's a lot of people asking in that they scored as well. So,
As you can see the the pay link is on the tweet once you click it as for an access code that access code is all capital so it's Zed Zed Zed 999 type that in you get access to the to the pay link and the you just have to sign a transaction
it's literally 0.001. So, and that then captures your wallet and you have to put your Twitter handle in and I will run a raffle. I'll announce the winner within an hour after this space is finished and the winner will be one person will receive five
I feelions. All right, good look. Perfect. So just to reiterate the password is capsule, all capsules, that's 999. That's it. That's 999. So am I as well to touch on the banner actually that I've shared with the tweet. So from Monday, which is the
first of May. We're going to be doing a giveaway every day using Helio tools. So in different ways it's going to be quite random. I don't want to give too much away at the moment. But if you are following Helio's account, if you want to join this today's Ruffal actually, you have to follow us and you have to retweet.
Sorry, I forgot to mention that. And then, yeah, Monday, if you have the notifications turned on on Monday, I'm going to announce the details of Monday's raffle, basically, on Monday's giveaway. So there'll be one helium NFT given away every day in May. So that's, you know, 31 helium's are going to be given away.
Perfect, Mano, there you have it folks. So head over to the pin suite, you'll see the instructions there. You must read through it and follow Helion's. You've also got the link with the passwords and the beginning away, five Helion NFTs. So good luck to you all. Adam will be releasing the winner.
In on discord admin within the next hour I'll do it on Twitter. I'll I'll I'll answer once what's what's the past code I'm trying to get in That's 999 Capital all capital Z999
I'm sure I'll be disqualified right Adam. I mean I'm not English so it's always difficult to spot accents but Adam and Zets accents are quite similar right are you from similar
Yeah, you said you just came down the road yeah Which is a small world because you don't I don't meet many people in the NFT space from from the likes of Manchester So when he said he's literally down the road from me I was surprised but I could tell from his accent straight away
But no, I really appreciate you both coming on today guys. I think I can speak for everyone in the space really bullish with what you guys are building. I think it's obviously that you guys have had your head down for the bear market and you know, all steam head in terms of how you can provide value back to the community.
obviously listen to what the community would want to say. And now you've come up with a complete solution which is providing utility in many different aspects and also working on driving the price of Helians through the buy-in-tune given the access to what we discussed. So really really impressive stuff guys. For everyone listening make sure you give Helians a
follow and heal you all. These guys are the old geezers in the space so I get an assume that most of you follow them already but really really bullish stuff on what's coming and coming out so just like to give Stein and Adam a big thank you for coming on and sharing such a good insight. Is there anything else you'd just like to close off with today guys?
Nothing other than thanking you Zeds for putting us on the show. We enjoyed it. And look for it to chat about your event. I think we're doing that next week. That looks pretty cool. So I'll answer that one. It will be good to fill a little space.
maybe a month's time or something just to see the updates of what the stuff that you've been rolling out and just to ride updates to everyone who's listening there today, I think everyone will be more and happy to morning keen to sort of gauge that. So we will lighten some
up on there but looking forward to speaking to you next week in terms of the event. If anyone listening wants more details on the event just drop me a message like I said the tickets will be probably out next week so we'll keep you posted on that. But big thanks for everyone who's tuned in again.
guys make sure you get involved with that giveaway and make sure you follow Helio and Helian's on this trip age. Really good stuff coming out from these guys. Hope everyone has a good rest of the Friday and go on touch on grass this weekend. Cheers mate. Cheers bud.