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AMA with @999Capybaras
Recorded: May 26, 2023 Duration: 0:39:10Space Recording
Full Transcription
Hey guys, I talked to Tollou who's gonna be like two minutes late, so he should be on in like one minute.
Hey, how's it going? I just told him you're going to be a minute late. Glad to see you able to join.
Can you guys hear me okay? Maybe reactive, you can hear me.
I'm sorry I was on mute. I don't know you don't hear me. I'm very, very, very. Hey, it's good to hear you. Guys, you're able to make it. I'm just threatening something so people
Let them know about our space right now also on the Discord. People only already shared it. Okay cool.
Cool, so yeah, I you know, I think most of most of the reason for this space is just kind of talking about the project recently I was a very early mentor. I think I minted like Capybara like 30 and 31 or something like
cool to see projects that don't do like a pre-sale or any of that kind of like the OG sold days where it's just like a man link and you know you don't really you don't really know what you're getting into but you can get as many as you want you know sell out and you know be a success so yeah I guess many first of all just congratulations looks like you as a question yeah thank you so
So much as you know, generally projects create hype on their maybe influence on the space like the origin network, something like that. We are also using this product before the project.
know it will work, but we want to see them first. Like, first we want to prove our performance to the market. In this way, we know we are going to create more solid holder base. This is what happened actually for
like first seven days, the area were like maybe 150 meters, just after the payout day, people see that our product really work and actually tie from like the almost the best ROI
on the market, you know, we are mint price like 107 Solana, something like $13 and we sent more than $2 in the first week and people see the performance and it's like minted in 24 hours easily.
Yeah, that's awesome. What is your what maybe I'll ask you questions and then if we have questions you can either raise their hand or you know and call them up or whatever but what is your what is your background in for somebody's and I thought that you were in sales is there another guy who's a dev on the team or what is your what's your background in you know I have a tradition
I'm an engineer. I'm working at Global Company as a
brand and customer manager. So I also do sales and marketing for certain products. The other friends of mine on the team, Karci is an architect. He is designing like 3D designs, NFTs, house models, anything he can do.
Actually, we are not the dev of this project. I mean, not project, the product Einstein developer is a friend of ours, but he's not into ENFTs. But we started using this bot like maybe one month ago.
before project started and we solved the performance. We said why don't we make this product accessible to Solana, the generates if it's successful. If it's like the entry barrier is too low, like not risk at all, everyone will
use it and if it performs that well like in the long run, it will like creates lots of upsides with its own value and with this performance and actually it is what is happening right now is like 100% expectation and now people are asking us why we
your mint price or that cheap capital is too low. Why don't you make a new mint like 5-sol or more with bigger capital because you know people greedy but it might be too greedy. Let's see the performance maybe two or three weeks more. We will see them.
Yeah, that's awesome. So how active do you guys have to be with the bot? Like, is it something where you have to kind of like approve things as they go? Are you like having to be glued to a screen? Or are you just kind of like letting it go and you know, like it's running on its own? It's running on its own, actually, especially
especially on the shooting and opening positions. For closing site, we can either close manually or we can like, um, program it to work in a particular way. We tried both closing manually.
would be generally more successful but we will be testing different strategies with different tools. Just like AM standard AMB tests which one is
more successful we will ship to them but as far as we have seen you don't like to expect how any liquidation performs so closing manually or
like interfering the any TX might make the TX more profitable generally. This is what we observed. But the bots works automatically if we want so.
Yeah, that's awesome. I love the, I love it when I get a notification and the discord and fire and add up to see what's, see what's been going on and see everyone getting, getting pumped about it. It's pretty awesome. So what, you know, what do you, where do you see the, let's just say in, I don't know, three months or like,
one month or six months, what type of, you know, I don't know about necessarily like goals, but and I think like having goals super out in NFTs or crypto as a whole, I think is like kind of dangerous because things change so quickly like by the day or by the week, but even just in like the one to two months, like, you know, like what goals you have,
or what would you like to see the community contribute to the project, or the community do to help you out or what's going on in the next two months? Actually, there were some milestones we were planning to achieve. The first one is of course selling out. The second one is
One is distributing the first payments in a successful way. When I say in a successful way, when you compare to other competitors on ROI base or a weekly sold revenue share base, we should be look successful.
successful compared to them and we achieved that before we sell out, we sent almost $2.107, almost 0.1 Solana Vicent. The second milestone for this, for hours, performing this,
on which the full means and actually we are now 4th day of after selling out and we already achieved this goal by the way we far performed last weeks RY right now in the 4th day and we will see
how it goes at our first payout day after we are selling out. And then of course there will be many more milestones to go because for example if we are selling, sending like
0.15 Solanas or floor place should be around at least 15 Sol because you know the gamfet gets sending like 0.1 Solana right now and actually the earth-labe floor prices around 22 and sold right so we are we
are really undervalued right now, we are too cheap. So first my stone after this one finding our real value on the floor press. Of course after that there are some plans in our mind like creating different tools with different strategies
creating a spare wallet for bad scenarios like dump huge dumps maybe or huge pumps because in this spot we don't have like 80% dump or like 100% pump in a one day for Bitcoin yeah we don't
we don't like experience that so we need to be prepared for every scenario especially while we are making money successfully. So if we make the requirements the right way which can be immortal with this project in long-round.
So this is our aspiration generally becoming immortal and creating a sustainable Revenue source outside of NFTs and Solane ecosystem because you know the main problem about Solane is there is all of the passive income projects are zero-sum game kind of
We want to solve that with our bots. Yeah, most of the passive income projects, and I agree with you, they're not necessarily knock on it, but they depend on NFT trading to have revenue. They say it's lending.
or a marketplace or something like that. They almost always, if NFTs, so one of them slow down, then they're kind of out of luck. They need constant buyers, whether it's for their project or another project. So yeah, love what you guys are doing.
Does anyone in the audience have a question? I know we had a couple people say they're at work sitting at their desk listening. If anyone has the question, you can definitely raise your hand. Otherwise, I'll fire off fire up one more question.
The rest of your teams, do you know them? Like outside of crypto? And then like how is that? So I'll give an example. Like so for DeFi to Gens, Solonking and new, I both know them very well outside crypto and it like definitely has been fun.
like more than anything else. Like do you know the outside of crypto and how is that kind of like formed and how did it all come together? We knew each other like maybe for 20 years. We went to same elementary school like when we were seven years old I guess and then we are together.
until then and until now yeah we are really close friends yeah that's awesome I my favorite favorite part about working with people like that is you can be like brutally honest yeah you know so it's very easy to
You know, really give your short opinion, like say if someone else that you don't know as well, you might have to kind of think of the right way to deliver the message or you don't want to hurt anyone's feelings, but like I'll have an idea and like new, will just roast me.
We're not doing that. Like, are you trying to ruin our project? Like, at one point I posted an idea and he was like, if you do that, I'm leaving the project. So, you know, it was, you know, they keep you honest in a way, maybe that internet strangers might not. So, you know, that's, that's
That's good to hear. I got a question here from the audience. It is from Faith Irving. I think it was full. He is actually the one who said he is sitting in his work desk today. Chander's desk. Not playing golf today. He says, "Do capys slay." Yeah, be slay badly.
By the way, there are some people asking if it against this course, when is the space? Maybe you can sense, we are live right now. I also sounding, or Kapibara Chets, we are live message.
(sighing)
Yeah, let's take everyone. All right, we got to basically explain golf later. I'm actually playing as well. I got a T-time at 130, which is in like four. I'm hoping the weather holds off here, it's supposed to rain, but I'm playing today and I got a putting contest with my son tomorrow.
and playing on Sunday and then playing on Monday so it's gonna be a fantastic weekend. All right we got a request to come up and speak like it's me hyped. Yeah. People are coming. It's good. Love it. Hey hey can you guys
Hello, can you hear me? Yeah, awesome. Here you are. I hope you fellows are doing good. Dad's doing something tea time. I had a quick question on with the bot. Is there an overall strategy with the bot? It was just curious. And if you've done like any of that,
for a different type of like trading environments and different forces going on would be curious about that. Yeah we are we are currently updating the bots and our developer is like developer freak testing a lot of new things even
without the asking. So there are many things to come, especially on the function and the strategy side. But for now for our current version, we have a strict strategy that we are not leaving. And this is what it's make it successful, I suppose.
We are killing it for maybe one and a half months and more than we made maybe more than 50 or 60 trades and they're all loose. It's really strange. If someone told me that there is a boat that don't make like zero, no, no, no strategy with fire.
always successful. I will say you are boosting me, but it works. So we will protect our main strategy main function. But I can't talk about that because, you know, there.
Yeah, yeah, and how are you thinking all about like? Cushion for losses or anything like that if that does happen like setting aside any like in case there is a down Turn overall or anything like that. Just curious we are making Park portfolio management in
every of our TX. So even if you lose, this is not important in long run because when you compare two lose on maybe in 100 trades, it's not important. We are playing on the statistics, so even we lost someone.
Sometimes it's not important. We are making the transactions like transaction size are generally 2.5% maybe generally. Sometimes we are making scalping.
then you see bigger positions in our trades. Sometimes our trades maybe for $250, sometimes they became like $800, $900. It's all on our strategy to become successful. Our bot makes autoscops.
and you are closing or both closing at the perfect time.
>> Got it. Cool. Is there a risk management built into the bot like if stop prices or things like that? That's included in there too. >> Yeah, we can do that. Our capability can do that, but we don't do stop loss. We are focusing more on scalping because this
This is how you win generally. Sculpt rate with portfolio management and the right timing with right candle. It's all it's all the two much about our strategy maybe. Let's keep it transparent. But yeah, our developer.
is a genius so you can keep trusting and I will be transparent even if I lose like maybe $200-300 I will say or there is a possibility like if we have a huge pop and we can have like
open very big position like on a loss and I would say that and we will carry that and this won't be important because we have the right amount of capital in cross-levels, right? We are making the investment with our like two-per-hour
or 3% even if pumped 100%. Our bot will short it with higher percentage on the top and we will make the profit again. Best optimization for scalping and with portfolio management, we are becoming immortal.
Got it awesome appreciate you letting me ask questions. Thanks. Of course. Anyone else? Anyone else have any questions? I had a couple new folks. A couple new folks showing the last couple minutes.
Who did the art? I love the art. You told me we were kind of talking about about the meant beforehand and you know I didn't know what to expect but the art pops I think it looks great. Love all the colors. I think they all look like when you scream you know like the
art, you know, to me, like when you look at a collection is like scrolling through like the listings of, you know, boom rank or whatever and just kind of seeing how that all fits together. I think it looks great. Who did it and how did you guys come up with it? You are asking about who did the art, right?
Yes, our artist Karci, the other founders, our architect friends created this collection. And we were huge fans of Kapibara's, you know, they are really trendy on the Instagram and TikTok right now. They are great animals and we thought that they are too funny, they are too cute and they are really popular.
can become a meme, it can be a memeable and you don't have to like create a hype for them, people already love them. In NFTs you are generally chasing for the hype popularity and you so you need to become, you need to show your
main object like for cute, maybe funny, enjoyable, but distraint only created that, so we write distraint and Archie created a nice art. But there are something we don't like about, yeah I mean if we
We could change something. We might have changed. Like we are not 100% happy with it. But we really like the idea, like being pixel art, the colors. This is not perfect, but we like this is not that perfect.
Concept you got what I mean yeah, yeah, I like it. I mean, I think it looks great. I think I think you know, I think it pops and you know, I think it's I think it's good for the I think it's good for the project I just I think I don't know I like it. I'm also
not an art, you know, we've been reworking our art at DeFi to Gens, or not reworking, but working on it. And, you know, I'm certainly not a sophisticated collector when it comes to art, but I like it, and I think it looks good. Great.
like when I bought my first one, I was like, all right, I'll buy one and then I can sell the other. But it's like, no way, I'm not selling this. So I've got them both, I got them both stags right now, thinking about adding some more. I saw some turtles here.
Turtles are awesome. If you don't have a turtle, you should scoop on there free right now.
Yeah, about turtles. Turtus are fuck. Yeah, I love that. So far the best community of Solano or NFTs I bet. I've been in like many projects, except
SMBs I had sometimes like okay beers I had taillot I still have visionary and the other big stuff on the I didn't I passed only we got SMBs but as far as I have seen
I never seen some comedy to like turtles. Yeah, it's great. I don't go on the discord, you know, popping there every now and then I don't go on as much as I should, but it's always buzzin' and yeah, so the staking stuff is pretty cool.
staking for, I think I have one staking for tensor points, tensor tokens and another for Fract, which I thought was cool, you know, you can kind of pick while you're, what tokens you want to receive, which is unique.
Any, it's had some more folks pop in any other questions for the Kathy Barras, you know, trading bot, art project, timeline, now's your chance, fire away.
Let me ask you something about the Katribaras sticks if it's suitable for you. Of course, as many things. Yeah, one mutt will change in Katribaras. What would you make difference?
I don't know if you do I haven't seen it but it would be cool to just log in and see not log in but like going to discord and just see like a list of like entries and exits or not even necessarily like the prices but just like kind of like a
consolidated list. You know, a lot of times I'll see like, all right, treasury updates, we traded this, but maybe in like an Excel format or just something like really easy to digest. And maybe that exists, but you know, I think that would be like a cool thing. I don't have much to say. I think so far I would say like the project has
been like a raging success. So I'm not, you know, I certainly don't have a list of grievances. And like I said, you know, I love to see, you know, more than anything, I love to see projects that launch without the pre-sale stuff doing well. Like I
A long time ago I helped Honey DeFi with their mint and I was, I don't know, but like on the team isn't the right, you know, I wasn't getting like a salary or anything like that, but I was helping Honey DeFi kind of like collect wallets and like do some pre, you know, white list stuff, no one did pre-sell then, but do like some white list stuff.
I like almost quit NFTs because I hated it so much. It was just like a grind. Like DMs flooded 24/7 of people, you know, trying to get me to post their project in Honey DeFi server, like just all this stuff and I really like, it's like, what am I doing? This is not fun. So I'm kind
I'm kind of out on most of the pre-sale whitelist stuff. It's not really for me. I think it can be exhausting, especially when soul is so cheap. You can really hustle and really try to make some money and it's like you don't really make any money. You're better off just buying secondary most of the time.
Now, so yeah, I love to see projects that just kind of launch on LMNFT and like want to prove that prove their worth and prove their strength and community and all that stuff and think hey, we're gonna we're gonna make it no matter what. Yeah, so I don't I don't have a lot of I don't have a lot of critique maybe like a more consolidated
and less of trades would be my only own suggestion. Yeah, we are generally sharing the TXs and we are making daily updates in our way. Maybe we can give more details on the Xs like the enterprise
it might be a choice. It's okay, we can do that. We would love to do that everything in our way, like very very differently. I mean like not differently, but in an authentic way we would love to do that. And for the whiteness
stuff. I am I am agree with you. It's really there is there is only utility to do what this is preventing the both threads. This is the this should be the idea behind that. And if you are using this what is to generate a new revenue
source or something like that you are becoming like a good ifter for me because we are even using like we ask people to raise 13 dollars and I feel responsible for them. I'm not gonna like and people like raising tons of
money and dumping the white list spots etc. I hate white list suits and they are not useful anymore with the less hype. Yeah I did not that was one thing about I was talking to one of the other co-founders one thing
that I didn't expect to have your responsibility, obviously I did as a founder, but it kind of weighs on you when other people, it's one thing to say, "Hey, you should buy on buying this or whatever and they buy and the price goes down." But when someone actually trusts you with their money, I take it super serious.
and I agree, like, if we raise like millions or whatever, I would be a mess. That would just be not something that I was interested in. Some of these projects raised like $3 and $4 million. There's no way that I would feel comfortable taking that from like
It's just more responsibility than I have any interest in. I'm not trying to make this my full-time job. I don't know how anyone does. I would be even more stressed if this was how I was paying my bills. I guess I'm lucky and that I can really pursue it as a hobby and my job lets me.
you know, be super flexible and win three, but I would, you know, I just don't have the stomach for it. I don't have the, I don't know the risk appetite for doing it full time or raising raising millions. It would just make me too nervous. Yeah, I feel very similar. Just on maybe
there might be only topic I saw I see a lot of great startups looking for race not on web 3 but on web 2 and they are far more usable and far more bigger potential than these
So there might be a gap to fill for people like us helping them to bridge Web 3 and create a real revenue source that they can raise money.
to use for it. Yeah, that might be a use case like a crowdsourcing but also using to web3 and blockchain with them. My only option can be that in the long run. But besides that selling
I don't want to say the more you raise, but definitely like the expectations are much different.
right? Like when you're investing in like something that's like a small cap project, which is kind of how I would describe ours right now versus, you know, you get a lot more risk for a word, I think, for a project like either yours or mine versus like a bigger project
with a heavy AMM, you could go into some of those projects and spend a thousand sole and not move the floor price more than a couple. So I think you definitely get, you get a little more risk, you get a little more reward, which for me, if I'm investing in a JPEG, I want risk
I'm not investing in a stable picture. It's not really my thing. By the way, I like that, especially it's related on this issue. We will be refounding our mintes, mintes,
price I think in a once it looks so so I think Project should do that especially maybe not in the short term but they also Should aim to do that in midterm after like in one month. I will pay
at least $15 or $200 to everyone. So there is no more responsibility on my shoulders. I can do anything. Of course I want to do a lot more. I want to make big for my holders this project like the bias on the secondary. I don't say I don't have any
responsibility, but I am talking about the philosophy of the founders. They should pay back to customers, to the layer investors, right? And we will be doing that as a milestone in, I hope in a one month, we will be refunding them all.
Yeah, that would be awesome. I think for us, one of the things that keeps D5DGends, it keeps me feeling very comfortable is basically if the affinity is said if they stopped finding product market fit, so for
every region, they stop making money, they stop it and whatever, and they're no longer able to continue. They'll just refund everyone the money, like the flares and the protocol owns a bunch of liquidity. So in that case, we would basically get all of our money back, like in the case
the defendants isn't profitable anymore. And then we could either just say, "Here's everyone's money back," or, you know, "We could fund something else," or, "Who knows?" But, you know, I do think, like, having that kind of safety net, like, makes me feel, you know, a lot better.
So totally agree the pace you guys are on is not gonna take you long. That's for sure. It's been it's been something All right any last questions We've got a couple new folks that joined questions for Kathy barris thought
We got salonic in the house. Let's go. Oh my god. That's celebrity. Wow. We can guy.
All right, well, I think this was this was great. I enjoyed it. Totally. We've spoken many times over discord. So it was great to join and get to talk to you about the about the project and where you guys are headed and some of some of
and the art and all that stuff. I think this was good, especially these other projects that have a bunch of hype before the event. They get threads and everyone knows what everyone thinks about it and whether it's going to make it or not. So projects like these, people kind of join as they hear about them and then maybe you don't really know anything about
it. So it's cool to kind of have you on and you know get a pick your brain a little bit and see where you think the project's going and all that stuff. So yeah this was great. I'm glad you're able to join. Thank you so much, it was really lovely and funny. Thank you so much to all of our holders and investors for
trusting us we will keep performing pattern better we are optimizing the Einstein day by day we are making more we will be printing more I have only one ask we should be like we should play safe we should
We're focusing on the long term. If we need more capital, we can raise it anytime, but let's make this process seamless. Let's create a real revenue source for all of our holders and money will come and keep trusting us.
Love it. Love it. Thanks for joining and I will see you guys around. See you Bye bye
