Hi Max, hi Oscars. How are you guys today?
All good. Thanks. Sorry about that guys. We got a little rug. There was a tear malfunction. So now
We're back and we're ready to discuss all through network and what they're building on our way. So I think first things first we can start with a quick intro from our speakers. So Oscars would you like to go first?
Yeah, hi everyone, my name is Oscar. I'm representing Autonetwork. We have been around the WebTree space for some time already and we are building something awesome on our training to work. Thanks.
Great and Max. Yeah, as many you may know by now, I'm part of the five labs team. I work mainly at the business development side. And yeah, been been a long time.
time friend of Oscars and I've been following his project Alters since they've been initially launched. I'm interested to hear more about what he's working on with with PureSwap and how they utilize our Toys rewards.
Absolutely. So first, Oscar, do you want to first give us an introduction to Alter Network and then talk about what you're building on on our toy?
Yeah, so on archway we're developing a all DC deal platform that is kind of expanded in a way with first of all easy swaps between users itself. Sorry for that.
So basically the idea came that a lot of networks, a lot of projects, they have a possibility to basically trade their tokens under so-called OTC deal, which means over the counter. So you don't need
to actually have a slippage or you want to, or particularly onboard new investors as well, new token holders. And with the old EC way, you can easily do it. And when it comes to expanded services,
with the platform itself, it will be also possible for the projects to also fundraise because if a small project wants to fundraise for their project it will be very easy to mint their tokens and place it on that marketplace.
for anyone to obtain it before the listing happens. And another cool use case is about actually swapping NFTs. So that will be incorporated later on with the development where anyone from the IBC will be able to swap
and also of course sell against other tokens, fungible tokens, these NFTs, so it will be like a unified NFT platform. When it comes to a so-called long-term mission,
with incentivization, we definitely want to support our users with the first support for the transactions by providing smaller claims for the gas fees as well. So that's our vision at the moment with the personal.
Awesome. And do you guys have an idea if you'll be launching at Mainnet? Yeah, so we are actually already participating in a hackathon. So it will be deployed by before the end of the
hackathon on testnet because we're going to be creating a campaign for incentivized testnet use for the PSWP and we'll be definitely giving some smaller rewards as well for the users from our side and definitely we want to incorporate as much as feedback and also
be super ready for the main launch. So everything from our site would be done and at the same time it would be hopefully onboard at least 100 users from our site when the testnet is deployed and open to the public. So we are super excited about it.
And I ask her, if you don't mind me asking, what kind of drove you to create this product specifically? I've seen it and seen a couple of the mockups and looks really cool, but just kind of interested to know why you decide to create this.
Yeah, so actually I haven't seen
Great good platforms with good experience when it comes to just swapping tokens without any liquidity because there are quite a lot of the central exchanges even dedicated later ones for I would say for when liquidity pairs and basically having this
So called Swaps Potential. And also I see opportunities for the traders that these ODC platforms can make a huge arbitrage opportunities. Basically, when you list at certain Sokol
that you want to swap for, you'll be possible to select multiple tokens you want to receive. For instance, if I list a 10 atom and I want to receive 100 Secret or I want to receive 200 Akash tokens, I will
able to connect these so-called wanted tokens in one single action and anybody can fill it up or fill it partially up and definitely when it comes to small project fundraisers I mean it's quite hard to
it and in this way the OTC platform is actually giving nice opportunity for fundraiser well and definitely keeping the privacy for the project as well for the users. And as for NFTs,
Also, inspiration would be that we have, I would say, Stargaze, Omifix and Stash on Cosmos and seeing the sorts of possibilities where we have so many marketplaces, but we don't have one place that we can trade them all. So basically,
We like to create this environment ecosystem, but there's one place to trade them all, so basically not only NFTs against vulnerable token, NFTs against other NFTs, and basically creating a safe and secure environment which is open source.
Awesome. And then just for the context of everyone on here, can you tell us a little bit about the competitive landscape of OTC swaps and different P2P swaps in the industry and kind of like what makes pure swap different?
Yeah, when it comes to so called competitors advantage, we just didn't want to have a simple so called order book. So what we have configured and ended is that there are some more possibilities as a user that you can do on the platform is not only to swap
for one just token against one pair, like you can swap it then, at least like what are your preferable options. So that's one of the expansion second is that we have incorporated into this on DC platform, the funding features as well.
later on as well at the entity swapping. So basically we're adding these smaller things that makes us unique in a way. Plus not to mention that archway was designed in a way that the network that we are sharing the fees to the Circle
project that developers as well so that means we'll be able to return part of it for incentivization for the project itself. So it's much more easy as well to, I would say, bring more users because I would say now it's like the time when
We need to fight for a user and definitely incentivize every user's action. And when it comes to another uniqueness is that this so-called escrow account is very safe because in particular in IBC
like we don't have these need for like bridges between other networks. So that means the special unique case of unique compared with EVM chains like IBC just gives us quite rapid advantage just using the technology itself.
Yeah, I couldn't agree more. Okay, so can you walk us through a little bit about the logic behind building on our choice? So how do you plan to leverage archer words and also what went into the decision between building on an app chain or a layer one kind of like how did you guys go through that decision making process?
Yeah, I think from a technical perspective, Kromstin, my colleague, speak about it, so I'll give him a word now.
Yeah, hello everyone can you hear me? Yes, yes. Awesome. Perfect. So the question was how was it unique from technical perspective, right? It's more like what was the decision behind building on archway and how do you plan to leverage arch rewards? Yeah, exactly. So
So the one way we can benefit from deploying an archway is that it's IBC chain, so we basically can support all kind of assets natively. We don't know yet what kind of assets there'll be native on archway, but we definitely prepare
And also, all the other IDC assets that you can easily, but one click can deposit into archway and then use it on for swapping on our platform. Then this three, the when it comes to another advantages is that we don't, we can't.
can actually utilizing this gas fees for developers. And so in a way that, well, of course, we can optimize it that we don't we want to using any gas in a non meaningful way, but this advantage it gives us
like it can be the source of funding for the project so we can go less with the fee, go a little bit lighter with the fees and everything. And yeah, it's also the advantage, the another advantage is building on code with Cosmoism.
So it's technologically superior in my opinion than a lot of competitors. So yeah, we like building on a... We pick it as a... It's one of the superior technologies at the moment, I think. So that's the benefit.
Yeah, and smolting from myself, I think that archway network kind of like positions themselves as hub or space for that for the Cosmeseacus, it's like if you don't know where you can build very quick
cool stuff, then I would say Archon Network is the one that you can go to and build it out because of the so-called setup that Comission also mentioned and also it's very cool to work with the team from Archon Network as well.
Awesome. And then I know that Alter Network also has the Alter messaging app. Is that something that we can expect to eventually come to Archway? Or is that not something you guys have discussed yet? Yeah, thanks. We actually have incorporated into PierceWap that
any so-called order who is inserting the order and also the other ID. So the users can actually privately communicate between themselves for larger orders or for any other OTC deals. So basically that means we actually like using
Complete private way how you can communicate actually with somebody who's maybe a whale or who's providing all these ideals Possibilities from the other networks and and then we kind of like make this connection between the Proider and the user so in a private way so we don't need to
guess or try to find somebody on discord.tl communities and when it comes to providing auto communication, a platform access will be launching together on the mainnet with the stack access feature and
also adding the well chat. So what's take access? If you stake particular amount of arch token, you'll be able to access the other platform communication for free. And what it means for the well chat features.
Welles means that if you hold a particular substantial amount of art, you'll be able to completely, privately, and anonymous join a specialized group chat that is verified by your stake the amount on their network.
And why it's particularly important to have so-called participation here is that projects founders and also especially the network foundation members can join this well chat to you to basically
more targeted speak with the wells with the so-called very wealthy individuals on the network who is staking such kind of amount because it's very important not only to provide quite great relationship and establish with the retail but also
So with the values that are, I would say, financially invested heavily into the network for the success. And then projects will also be able to tap into perhaps liquidity or potential investment into the project.
Awesome. So if I'm understanding correctly, then alter and pure swap will have an integration in which they can discuss OTC deals. Exactly as well. Yeah. Okay. Awesome. And so I know that there is an alter token. Is there can we expect a pure token?
At the moment there is no so-called plan for the peer token. Altar does have its own token. We actually are planning to see potential so-called presents in arch-win network. So we'll see
much more updates later on of course when it's closer to the main it and actually PSWap will be generating part of the fees and will be actually buying back the all the token and also by
learning it and also providing to those Moses, so called Euclid people providing as a reward. So we'll be extensively also giving not only the value to the network cell but also to tokens.
So alter will be tradable on on on pier swap. Yeah, it will be yeah
Cool. Max, do you have anything to add or should we go into questions?
I'm happy to take on questions. I guess for me in my understanding, so you guys have alter and I know you guys have the state to access program, which you mentioned. Is there a minimum threshold for example for like an archway staker before they get access?
that I apologize I did not I did not catch the number. No I did not particularly say exact amount because we still need to understand what is the price when it's going public because we will need to understand like
how much will be because we want to own board as much as users possible so that means we always gonna need to think about the amount of the tokens that should be stacked so we can onboard pretty much almost everyone who is part of the network
Yeah, and I guess do you do you have any sort of I guess thoughts on what your go to Marcus tragedy will be to bring in new users to pure swap? I think it is an application or a use case that that is kind of missing in the space But I guess how are you going to get this in front of people and really you know let them know what you guys are building?
and why it can be advantageous to them. Yeah, particularly we want to target, I would say, we're single layer two product and project that are building on other networks so they can always have the possibility to first of all, fund waste for their own token on
bot and also in the alter communication platform, bot channel that will be providing always the updated so-called orders onto the marketplace so you don't need to always be there always on the marketplace to follow up the new orders.
You'll always be possible to check out on the on the Telegrambot channel or on the other channel about the new placements and that will also be a trigger for much more marketing services and definitely will be incentivizing users to place their first offer.
on the platform, so that will initiate as well, coming and onboarding new users. And when it comes to all these ideals, like we would like to establish a better relationship with every single network foundations and
project teams where they can play these Odyssey deals on the platform. So teams can avoid different misshandlings with the Odyssey deals when it comes to traffic tokens and also obtaining the other
other parties so called Asset. And this way it's automatically done and also it's in secure way done so pretty much automates everybody's role and also avoids any confusion. So we have pretty much clear
it and I think so far we have been getting quite a lot of responses via direct messages about the Pearson. Cool and so is there anything else you guys want to add on to that before we open up to questions?
Yeah, as I mentioned at the beginning we will be deploying the products in the testnet and Wait for the next announcements and messages so we can get users feedback and also it will be a
incentivized so-called testing place so keep your eyes open and also we are launching the quests and those quests will be also attached with the archer network in some parts so
Thank you. Awesome. And should we follow along the progress on the alternate network Twitter or will you guys open up a dedicated peer swap Twitter? We'll have dedicated peer swap Peter because we'll be connecting so-called daily auto messages about the others in place and all
about the arbitrage opportunities. So we have direct communication and presence and can also diversify a bit of the communication messages that we want to deliver from the altar versus the pairs of others.
Awesome. So with that being said, if anyone has any questions, just respect, request to speak and we'll bring you guys right up.
and we'll be sure to share that Pierce Lock Twitter account as soon as it's out.
And I guess maybe why we're waiting just quickly. This is one thing I've had a few questions on and I think you kind of brought it up through the space, but maybe worth just quickly addressing is someone who
question how could you have swaps and no liquidity and I think I understand what you mean by that but I think just for the users perspective why do you say that with your platform?
Yeah, maybe it's not the most specific definition. I mean, English is not my native language. But what does it mean in terms of liquidity pairs?
If we take the so-called the the simple exchange approach, you're always going to see that there's always a two pair liquidity provided. For example, if we have Osmo and use the C pool means to
to let that trade happen without an enormous slippage you need to get the liquidity. Somebody who was providing those motorcans, somebody who was providing the UTC in both sides. So that means it's also connected to the impairment law.
because if Osmo is changing the price higher all over like it will change your so-called pool size as well and the price that you can get if you withdraw your liquidity for the specialized pool.
But on our side, we don't have any liquidity pools or like these pairs between tokens. You are just depositing in an escrow account similar to your providing to the simple exchange the liquidity. So, your token that you want to swap
for. So that means we don't need the opposite side of the token because the opposite side will be met if somebody will want to make this trade with you. And additional feature on our side is that there can be not only one token that you want to
receive, you can select which of the token you want to swap with against yours or call the deposit. So basically the other party will deposit the amount will be checked and it will disperse each side there so called token so that is
away how we can avoid anybody to provide liquidity and also kind of avoid the need for reward token for providing liquidity which usually is very hard to sustain the so-called value token of the price for the simple exchange.
Would that allowed traits to be executed like in chunks then so like let's say that I wanted to get 60% of a deposit in ex-currency and then
40% of the deposit in like Y currency. Could that be divided upward? Would I have to present the full amount in the moment to execute that trade?
Yeah, maybe come soon you want to answer this so I don't speak always
Can you give you the question please? I fully grasp the example. Sure, so let's say that I put in 100 Osmo in an escrow count that I want to trade for maybe let's say 60 Juneau and the equivalent of 40 Adam in that value of Osmo.
Would that be able to execute itself like in a 40% and 60% capacity or would the person that trades with me have to present that 40% worth of Adam and that 60% worth of Juneau upfront? Yeah, the moment the version you have right now it's
So you would need to create a separate OTC for different tokens. So you would definitely an OTC for item like 40, you also move for the direct MLF item and then separate one for OSMO. But I think in the future we will be able to work it with one
Hello, yeah, yeah It will be possible to do that so you'll be able to receive the 40% in other token for 60% in other token so basically
So called optimization will be that the others will be placed in one order itself. So yeah. And can you present multiple options of payment? So like let's say that I put in 100 Osmell and I say I'll receive payment either Juno or in, I'll trade with either Juno
or in Adam? Yeah, exactly. Yeah, definitely. And also doesn't have to be the full trade. There can be multiple participants, so you specify a number of currencies and you want to receive for your, for the amount of tokens you give and then contract will calculate
and then whenever someone pays a fraction of that, you will receive your payment and then someone can fulfill the amount that's really big. So it's both full support, multiple currencies and also give people the opportunities to pay the functionalized price so that if it's like into
really huge amount than the people who can play spy partially and then maybe with the crowds are seeing the crowd smiling there. So feel the order can be linked. Gotcha. Yeah, that's very cool. Right. Are there any questions from the audience?
If we don't have any audience questions, I can keep going. So, all right. What would an integration between the messaging app and peer
swap look like. So would it be that you'd have a specific channel on your all-ter messaging app that is related to PeerSwap or would that be integrated directly into PeerSwap? Yeah, we are actually looking to have a direct so-called chat and support there on the website itself.
But when it comes to user against user, they will be able to connect directly onto the platform because when you place another, it is optional to also place the Altradi together with the other. So it's very easy then to connect on the
all their possible itself. Okay, and so are there any like requirements for people to actually chat on there to avoid like spammers like a specific amount of like deposit or or anything like that? No, it is possible to join the chat as long as you are an active
user like you have an active subscription you'll be able to basically chat as well yeah and it is of course unlocked if you have been registered so without the implementation it will not be possible to do that.
Are there any requirements to be able to chat with certain people? So like, is it just like an open forum the way that it would be like a discord on channel, a channel on discord or a telegram channel? Or would it be more like if you're placing a trade than you're allowed to like talk to people that are interested in that trade?
Yeah, on the platform itself what we want to have is the widget. So there's one channel for everyone to speak on.
And then it's up to users actually if they want to message that particular so called order creator about the deal itself.
about the trade or not. So it's more like for the public it will be just one channel which is connecting all the users so it's much more fun because there were some trollbox time when the first the simple exchange appears
So basically users can throw around and also face some comments about the trades and so on. So it's also sometimes fun and definitely it's where the so called best price actions and definitely planning
What kind of like target price will be for specific token and those drawbooks is very super fun, but I think they're kind of like made made their all in the so-called option of this and to like changes, but there are some still platforms that I see these so-called
chat boxes available for the users. Yeah, that's cool. Will there be like an eventual maybe like whale chat? I think you mentioned something similar. Just like do you have to have like a minimum deposit amount to or like a minimum wallet account to to be able to chat with certain people?
Now, as long as you are just an author, user you will be able to message and chat. When it comes to well chat, it's more for the arch token stakers.
If you are staking, for example, at least 100,000 Wart of Arch tokens, then you are able to join this Wart chat, which is dedicated for wealthy individuals.
Gotcha. Gotcha. Very cool. So any takers from the audience are you guys still being shy?
Looks like they're being shy still. Yeah, looks like it.
Yeah, I mean, so how does it? Oh, sorry, Max. Do you want to go ahead? I was just going to basically ask Oscar if you had anything specific that he wanted to either ask of all or I guess ask of art or if that he wanted to pass on regarding what what he's doing. Kirstlopper altar outside of just kind of what we've spoken on so far.
Yeah, so actually why we start like one additional reason why we start actually the pierce of was to get also more attention to the other communication platform because currently we will be launching
I would say a large campaign of the marketing sites on what new users as well to grow our social presence through a so-called incentivizing and quest platform. It was called Crew 3 but I think they recently changed
So that will be something that we are going to be working on. But at the same time, we will be also incentivizing the PeerShop so-called presents. And I hope that we can bring quite a lot of great community and users to the world.
the R2N network. And definitely we want to work with the so-called Web3 users that are not only from Cosmos but also outside of Cosmos because we have several networking groups where we are together with different outside
communities and traders that are outside of cosmos and I think we can onboard quite fresh new blood onto a pearshop meaning also onto the archway network and definitely if you have any feedback or suggestion when it comes to the pearshop and features or you
You see fit that you have some idea, more than just DME and happy to discuss and definitely if you have some ideas as well for more marketing, DVDs or partnerships more than happy as well to explore it. Thank you. Awesome. Thanks guys.
So if no one has any more questions, we'll feel free to end it here. You can always talk to the all through guys through their Twitter. If not, if you're interested in learning a little bit more, we'll be sharing the announcements of Pierce Wobbs progression as well since they are one of the dad's
that are going to be launching on us at Maynet, so we're super excited about that. And yeah, as soon as that is up, we won't be sharing that. So you guys can participate in the incentivized testing rounds as well. So thank you so much.
cromston and oscaris and max for joining us today and this Twitter space is will be recorded so if you want to verify any more information that came out of it feel free to go check that out again thank you everyone thank you