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AMA with GonnaMakeIt NFT
Recorded: Oct. 11, 2022 Duration: 1:01:53Space Recording
Full Transcription
It's been a day.
It's been a day.
But I'm super happy to be talking with you guys today and yeah, probably fall asleep immediately afterwards.
So if I'm nodding off, it's not because of you, I promise.
Good.
Thanks for the heads up.
Yeah, I'm in Arizona.
How about you, I'm in Arizona, I'm in Arizona, just as we're getting prepared for winter, I'm sure you're just like, it's a balmy 80 degrees today.
Yeah, the weather is now almost perfect, yeah, the weather is now almost perfect, Arizona is a hidden gem, Arizona is a hidden gem, if you guys don't know, Phoenix, specifically Scottsdale Tempe is just, there's a magical energy about this place.
I travel around the world.
realize you know there's something special in the u.s and there's specifically a special energy here
so i came back to where i started but you have a newfound gratitude and it kind of changes your
experience in that place so anyway yeah arizona if you haven't been you gotta try it definitely
oh well uh maybe after you guys launch i'll uh i'll head on out there and show me around um no
but i i totally get it like after you know coming to places it always gives you perspective um you
know the first time around you may get like a little bit bored or a little bit tired of it or
maybe like like you said like oh there's so much more out there let me go and explore um but yeah
no i think i think that kind of time away is always it always gives us that perspective we need
okay this could be the entire anime by the way um we can just talk about our life philosophies
but i'm guessing we probably want to get into the project a bit too i mean i'm down for whatever
we just want to have some fun speaking of which perfect so we might have uh a deep is going to
be joining us i don't think you're here are you deep i don't think he's here no i'm using the gmi oh
okay cool okay you're up here yeah sweet well i'm ready to roll whenever
yeah we'll listen to it and i'm sure people trickle in as uh as we talk um so yeah i mean
first and foremost uh thank you so much for making the time um love a new marketplace um been reading
through some of the docs and it seems like there's some really really cool stuff that you guys are
building so happy to talk about that um and yeah just honestly i know you're probably super swamped
with uh with the launch coming up sometime this quarter um so yeah i just wanted to thank you so
much up front for uh for taking the time um maybe though just to kick things off and i know you've
probably answered this question a billion times before and you're probably tired of asking or answering
it um but uh why don't we just start with a quick quick quick introduction um for who you both are
and yeah what the what the project's all about yeah sure um well thank you for that intro um so i've
been in the crypto space uh about 10 years um funny i started right here in arizona not too far from where
i'm at right now uh and uh honestly i was uh very grateful for crypto i i watched bitcoin go from
ten dollars to a thousand dollars in 2013 and i missed that it was in two separate surges of that
occurred beginning of the year and the end of the year and so it went from 10 to a thousand dollars and
i missed that and i was like damn i could have put 10 grand in and been a millionaire but uh but i was
like okay well i missed that but i'm never taking my eyes off this again i never did and studied it every
day uh i became a crypto youtuber very early on like 2013 2014 and uh people like my content i
you know just paid my dues and understanding stuff and i'm good at explaining kind of something more
against something in an easy to understand way so you guys should look me up on youtube tommyworldpower
and there's my alias here uh i i'm doing videos again just teaching people about current stuff uh
my last video is on what's the innovation behind nfts and the innovation there by the way is the
royalty system which is very funny because i recently saw like some of the spaces like moving toward
no royalties and uh like hmm well that's the innovation behind nfts so good luck without that to
survive the royalties are why are why board apes went from being worth nothing to you know uh billions
of dollars in 11 months it's it's a very it's a very powerful system it creates a self-sustaining
mechanism so you you have to have that royalties to have that uh self-sustaining system anyway so
uh i did that and then along the way in in 2017 i basically got a message from the universe that was
like all right tommy you need to make a blockchain because no one's going to do what you're going to
do i was like okay that was on the 4th of july 2017 and uh so i did that and um our team is the only
team in the whole space that's built a blockchain that has on-chain governance decentralized governance
on an evm compatible blockchain um why is that important well that was um soon after we launched
our blockchain we started getting uh experiencing crime as you guys see today crime is pretty much
out of control in the crypto space but back then it was still bad it wasn't as bad as it is now now
it was still bad and uh uh ryan who's uh my president i'm of course the founder and ceo uh ryan's my
basically right hand man basically and he's the technical mastermind um we got together and uh figured
out how to solve the problem and we did um we're the only ones in the space who built decentralized
governance again on an evm compatible blockchain so what does that mean it means on our blockchain
if someone has an asset stolen then the network can come together and say hey this this guy's a bad
actor um we can vote to blacklist his address and so if there's a criminal on our network if enough of
the network comes together we can identify bad actors freeze their address um temporarily if enough
votes come in and then if if seven percent of network comes in votes it'll be permanently uh blacklisted
so that address can no longer transact then you can do another proposal to retrieve assets from that
address so this is all built on the network there's no master key uh this is a permissionless
blockchain just want to be really clear it's literally called decentralized uh it's decentralized
governance so that's the whole point this is what this is the biggest problem in crypto right now
um and nfts it's worse than anywhere else um you guys see pretty much almost every day people having
assets stolen there are so many ways to get scams and nfts it's out of control so uh but yeah um we
solved that problem then people didn't care about it that much then that we have the solution now
people are really starting now but still i don't know if the space is experienced enough
pain to appreciate what we've done but so we've we've we've crossed that bridge and then uh last
year around summertime the nft space blew up and uh we got together as a team we're like hey guys we
we've already built a really strong blockchain we built a bridge we built a dex it's like all right
let's build the most in-demand use case in crypto that could utilize what we've built in terms of
security and that would be nfts so uh yeah we've been building gonna make it now for over a year
um and there's some unique stuff in what we're doing here i'll mention as well too our team's done some
excuse me can you guys hear me we're just getting a call yeah you cut out you just cut out for a second
no you're all good yeah all right well i was saying um for how powerful of stuff we built we're a little
bit i think underappreciated i mean there's coins with multi-billion market caps that haven't built
what we have and that to me is crazy and if you asked me five years ago hey tommy do you think
you'll be the only one who's built decentralized governance i'd be like there's no way but lo and
behold here we are so uh all right so anyway so on the nft side we're like all right we're gonna make
the best damn platform anyone's ever seen and i'm pretty confident that we have something here
that is extremely powerful um there's a couple innovations that we have on our platform that no
one else has number one is getting tokenomics right and you're only going to get this right if you got a
team who's damn good um there's a lot of ways to mess up tokenomics so we take that stuff really
seriously so i'll explain that a little more in a bit and the other part of it is our referral
program and just the short preface there is you know i'm sure you guys know andrew tate he blew up
got really famous because of his referral program uh forget about whatever his content is he he blew up
for that reason and so people really don't appreciate um the power of a good referral program
but a good referral program can make can make companies extremely powerful so um i'll explain
to you guys more how we've done those two things um but yeah that's that's basically just a high level
intro on on me and then adiv here he's in our biz dev and he's a rock star uh you want to give a
intro yourself dude yeah um yeah biz dev with uh energy and gonna make it and i've been in the
space since 2016 as far as like crypto and then um really got into the web 3 nft space uh early
early 2021 um february and uh you know played on all different chains and you know uh really enjoyed
this really enjoyed web 3 and saw that that was like the first sign of consumerization of nfts and
like web 3 and i knew it was huge from from the from the just from the beginning and it had a lot
of potential to kind of bring widespread adoption and um you know found this opportunity to help out
with energy and gonna make it and and jumped on it because i am very bullish on this space and and i'm
very grateful to uh be you know working uh closely to a great project like gonna make it and as well
just uh having the opportunity to uh continuously make connections and you know the space so it can
be a safe space for you know other web 3 entrance and uh on uh people that you know enter into the
space and um and continuously you know prosper so you know that that's that's a little short intro
of uh of me that's awesome so much of unpacking those intros but we'll definitely get into those
a little bit further um but i think you know probably the point that will resonate with the
most of us is is safety right so but i i don't know a single person who hasn't succumbed to some
some rug or some scam or some something um it's almost like a rite of passage in the space
um but i'd love to know um you know obviously reading through one of the intents is to have it
be cross-chain right so you want to have uh people be able to transact and trade on eth because that's
where people are um but with the opportunity to get a bridge to to energy um with i'd imagine the
hopes of growing that platform over time um i'd love to know though how that safety comes into play
um if people are doing the majority of their trading on eth and maybe maybe you could just
explain that um that dual or cross-chain approach that you're taking uh yeah great question um so
uh having launched a dex as well and uh and also a bridge we kind of know that to you know one of the
most important parts of doing anything crypto is user acquisition so that's a lesson we learned
so that's why we're wanting to make it on ethereum i have a lot of love for ethereum anyway i was an
ico investor in ethereum bought a bit at a dollar so um i have a lot of love for for eth um back then
there were a lot of eth haters back then there was like 90 bitcoin maximus so being early to eth like
that was a little bit uh controversial actually um but uh of course not everyone knows and loves e
but uh yeah so that's that's why we're launching ethereum that's where everyone's at uh and probably
90 of nft users so we're providing the platform there uh and that's where our airdrop occurs too so
it's very similar to the looks where airdrop so as much volume as you've had an open c
you'll get a proportional amount of gmi tokens so um this is going to make a lot of noise actually
because the way we're doing our airdrop is even way more powerful than that i'll get into our
referral program soon but basically it's a no-brainer for you to use someone's referral code
because you're going to get 20 more tokens and uh it's a no-brainer to share for the referral code
because you get 20 of whatever people claim so it's a double-sided referral program these are
really powerful um and then we also have three levels uh deep in it which is um kind of a
multi-level marketing type of thing which we've never seen in crypto and i'll just say i grew up
in utah so i know all about mlm and there's one thing i don't like about mlms which are they charge
a yearly fee like five hundred dollars we have nothing of the sort um so it's just pure profit what
you're doing though is this referral tree you're setting up will not only get you a piece of
everyone's airdrop who you refer but then that referral tree will also carry on into the actual
platform so this is how you this is how you do it you know and a lot of these lessons we've learned
um are because we've already been through this we already launched a coin we did our you know first
airdrop for energy back in 2018 you know had tens of thousands of users join our community from that
so we kind of know how an airdrop already works but you know when when you're going about it the
second time around with all your experience and everything um you can make things way more
powerful and you know uh palace who's uh uh one of our team members as well she always says
you know we're just not leaving any money on the table and we're really not the the sorts of
programs we're creating are things that just the crypto space hasn't even seen before forget about
nfts you know no one in crypto on dexes or anything has a multi-level referral program
that's that's double-sided it just doesn't exist and it's it's it's a missed value but we're not
you know so we're going about things a bit of a different way and the same thing for the tokenomics as
well um all right kind of got like one down no no worries no worries it's funny because when i was
reading through like that's exactly what i thought like hmm there's a downstream here this sounds like
an mlm um but you eliminated that you know that upfront cost you're basically giving away these
rewards for free um which is yeah i mean it's super novel i i don't think i've never seen it done
in the space um but it's clearly an effective strategy for other businesses and i think that's
often what overlooked in this space it's like everyone thinks web3 web3 web3 first um without
necessarily applying some of these practices that we've seen effective in you know more traditional
business models so no it's really cool um and i think it'll also spark this like this race at the
gate right because everyone's gonna want to use a referral code um i can't wait to see the all the
alpha groups um yeah yeah we're doing day in day out like it's building connections so every day
we're partnering with new projects new influencers um uh nikki g he's uh he's one of our top guys one of
our top partners you guys might know him from bridge three that guy is awesome um and then he introduced
us to other people uh i'm sure you guys know k money and champ t were the main sponsors on their uh
uh podcast coming up which is ngmi and ours they're gonna make it make it you know there's some synergy
there just in the names right away so uh yeah we're gonna be working with them but yeah not to go uh
too far down but yeah i mean we're totally we we see ourselves as nft platform for the community
like look at it this way open seas took all that money man i lost millions of dollars in nfts i'm
sure you guys lost plenty of money too um but where's all that where's all that they made right
it's in their pocket that sucks why don't we make a platform that actually gives back like half the
fees to the users right why don't we make a platform that actually creates a revenue stream for
users they could like live off of especially if they're early right it seems like a no-brainer
well nobody's done it i think there's a collective groan when we all heard they wanted to ipo
it's just like extract money from us giant side across the space yeah um yeah no totally totally um
i mean i'd love i i'd love to just kind of loop back to the the safety um within within ethereum
question but then it nailed this definitely jump back to this um so yeah i mean how does that
governance work then um having um a large user base using primarily ethereum right so we can't do
anything on ethereum um energy is very similar to ethereum and i did that intentionally i don't think
there's i don't think it's wise to reinvent what works well so i mean ethereum being a smart contract
platform there's some competitors that have tried to recreate that i don't think anyone's really
doing that that well um so we're not trying to do that i have again tremendous love for ethereum but
there's nothing we can do on the ethereum blockchain for security it's just a you know actually uh the
founders of ethereum know that glad he's one of the main founders of ethereum he's been saying that
for years and he knows that the weakest part of ethereum is the lack of governance he knows it and i
was around for that dow event in 2016 which was a nightmare uh when um 14 of the network got stolen
but hacked i was in that i had part of my eth in that uh it was uh basically it's the short version
of that for you guys who weren't around is it was like it was called the dow and there was no there
was no downside on it because they would buy back anything to a point so but it's just upside it's hard
to explain it's been a little while but uh so that's why it drew so much money in uh and then
the only the only problem was oh there's a little problem the smart contract lo and behold that's
exactly what happened there was a little bug in the smart contract when you have that much money in
the network on there people are more interested in finding a weakness and somebody found one
and uh that was crazy i've never seen so many toxic people come into the ethereum community before
or after that event ever it was crazy they were like if i were to describe it it was like the
ethereum community turned into like a ghetto overnight and people were just like attacking
aggressive i was on reddit like pushing these people away they were saying oh eth classic is the
new eth and eth is dead like really aggressively even some big people in crypto today were even doing
that not i remember all those guys are i won't forget it if you want to find out do the research
but um yeah i uh i was i was defending ethereum through all that so that's that's ethereum's
weakness so and you can't change it you know it's ossified it's just the way ethereum is there's a lot
of people who don't even understand what decentralized means so they think oh if you bring governance
it means it's not decentralized that's incorrect see decentralized means a network that's virtually
impossible to take down uh a network that can protect itself um so this is this is this is the
next big thing in crypto actually you guys um smart contracts one of the quantum leaps in crypto
and the next quantum leap is decentralized governance i'm just about five years had everybody else on that
um but uh just just a week or two ago finance themselves finally announced that they're moving
toward what we've already done five years ago um they're trying to move into a new chain bmb chain
and then have governance there because why because crime's out of control on their chain the the
difference between me and everyone else in the space is i solved this problem after after i had
only a couple users who were affected and i was like hmm i need to solve this problem because
you know you have a couple people come to you you hear about things when you're you know the
founder of project oh so and so person lost their life saving so and so person
person lost a hundred and i was like hmm this is not the way of the future that people just get
screwed over on on the blockchain doesn't it's not it's not the future the way of the future is people
can feel relatively safe about their money just like you are right now with your bank account you're not
worrying about someone coming and stealing money from your bank account all the time it's like it's
like you have to be aware of it but it's not like crypto with crypto you're like looking over your
shoulder everywhere yeah that that's not the future so so again nothing we can do on ethereum but we do
have that solution on energy so essentially what we're going to do is say hey you know
the crime sucks everywhere except for on our blockchain so if you want to have a secure
environment just launch your collection on launch your next collection on energy or you can bridge
over and there's so many communities that are coming in the nft space so that's a whole market
alone you know nfts the innovation behind nfts you guys is communities used to competition for
coins like oh this coin is going to do this thing you know uh and i invested in way too many of those
icos in 2017 don't even want to talk about how much i lost of those uh but uh but we learned a valuable
lesson that first of all no one's really making a better smart contract platform than ethereum
and uh and really what it's about is communities you know nfts essentially being an access pass
communities this is an innovation that's going to have hundreds of millions of people join and
be involved in crypto in the next 10 years it's very powerful so some people see that some people
don't uh but we want to have the environment where that could exist and people can can actually sleep
peacefully and we have that on our blockchain by the way we've had our governance system out for
several years and we've pretty much eliminated crime but we can't do anything about
sort of petty crime we got it like no one no one can come on our blockchain and try to trick you into
sending your nft as long as you guys let us know we have it we have i have to explain how the security
mechanisms work but there's a time period of several days that you have to let us know in that time
frame frame and you can get email alerts that sort of thing so you're aware of assets move from your
wallet but that's how we can kind of catch it but our system works extremely well
we have virtually no crime on our blockchain where you know every day and and me myself i've
experienced crime on ethereum losing you know a couple each to an nft scam my assistant's lost
money managing some nfts for me because he got tricked by his scams like it's like an initiation
like coming to nfts in ethereum like you're just going to get scammed in one way hopefully it's not for
much you know anyway yes it's awesome i feel like it's definitely right of passage um i guess that
would mean too like even mistakes can be you know voted by a community to to be undone um i remember my
first mint i accidentally minted like i don't know five of a shitty nft when i meant to mint one
um i'd imagine you know the application of this governance is is you know even beyond security yeah
i guess that's something i'd be careful about of course you wouldn't want to just start opening it
up to everything yeah yeah that's actually really important if it's if it's like just oh you put in
five instead of one you didn't want that's hard to backtrack if you send something to an address this
is a problem we can solve if you send something to an address oh i moved all my money to this address
and you know uh and i don't have any access to it that's something that we could you've heard of
those sorts of issues before of course um we have a we have a procedure and there's a time there's a
time period involved in it to ensure that's actually the case but those are the sorts of things that we
could uh tackle but um but yeah to your point um it takes some of that uh the the the scariness of
crypto way again especially in the nft space you guys the crime is out of control
right let's talk about people trying to send you a fake minimask link to click on
oops just just you click yes and there goes your your wallet you know there goes your assets
or someone imitating a friend or sending you a text message or like hey hey i really need a loan
one eath can you please send it to me like as a friend like these sorts of things are just out of
control you guys have seen the youtube comments elon musk is getting tired of it they're all over
twitter i mean it's the wild wild west out here you guys that's not the future of crypto i promise you that
promise you uh the future of crypto oh god oh no sorry um i i just i'd love to know so if it's
seven percent it's seven percent of the total network that needs to vote on on on doing this
type of action or addressing crime because i'd imagine like it's not necessarily that it's
that all scams have been eliminated it's just that you have the avenues to undo them um but i i guess
my bigger question is just as the scales is that seven percent again i'm great with that so
please please please uh yeah um yeah if it's seven percent how does that um you know how does that
maintain as the platform grows um if seven percent of a network has to vote on you know undoing this
this bit of so okay so you'd kind of a rundown how it works so let's say you know crime occurs uh
you haven't let's say an aborting upon energy got stolen so you notice it because you have you sign
up for wallet alert wallet alerts which everyone should do on our network it's easy to just put in
your address your your your energy address which is the same as an ethereum address and zero x so
blah blah blah exact same format and you put your email address confirm it now anytime assets are
sent from your wallet you're going to get an email so you just notice one morning you wake up oh i got
an email for an ad to do this oh okay i'm gonna go on the discord hey guys someone got access to my
wallet um at that point um as long as there's more yes votes than no votes for a proposal that
works that will temporarily freeze the address right away so um the voting period is two weeks so within
that two week period there has to uh the network has to achieve more than seven percent votes in
order to lock it in essentially but what you're doing is you're causing the the scammer to immediately
be unable to you know move move those assets and here's the other really important part of it by the
way we thought of this extensively so this is how you have to do it um in the traditional world there's
a it's called the three-day good banking practice and basically that's where that three days comes in
because you need a period of time to identify um to give people time to know if something has
happened to them and so three days is like the shortest period of time you can give people
because of a weekend you know you got to give people a weekend a little bit extra and not to
mention people are all over the world so we made it three and a half days it's five thousand
confirmations on energy which our blocks are a minute so um that's how it five thousand confirmations
three and a half days um so uh yeah so as long as again user reports that in that time frame that
address can be uh frozen and then if enough votes come in it can be permanently blacklisted
it is essentially let's just shut down so if there's something we can see where someone's
clearly doing criminal behavior boom they're they're gone you know they're frozen it's really powerful
is there a risk of people abusing that um and assuming you have stop gaps or protocols in place
that people aren't just reporting reporting reporting yeah and we've had the system live for
years so it's not like a concept it's like in practice we've been doing it we have a couple
people on our team who work um from security backgrounds like fbi cia type backgrounds so they
help us uh analyze and figure out what happened and investigative process takes about a month too
to really get to the bottom of it and determine what what what route we want to go sometimes you run
into users who are malicious or they're trying to claim that you know they were the one who was
hacked when they're actually the hacker stuff like so you just have to have a team that can
differentiate that and know you know kind of know how it works and uh it but it works beautifully
i love that now just the fact that you even have you know uh a percentage of your budget going to
security experts and analysts and people who are able to do this kind of like forensic deep dive
um it is it's incredibly unique i think i've never really heard of it before um so yeah kudos kudos
um but okay security i think you know i could probably talk about this for a little bit long
there's a lot more to cover um but all in all yeah super super interesting stuff um we've covered
for programs a bit um why don't we talk about what happens uh once you get those amazing you know
let's talk about the actual airdrop first um so obviously you decided to say you know x volume of
trading on openc um i'm just wondering if you've considered other platforms as well x2 looks rare
um and if so if not um why just target os like the other two have done um you know back in 2021
um and then from there yeah maybe we could just talk about like what happens day one once those uh
once those i think was a billion tokens so one percent of the total total uh total amount gets
claimed totally um great questions by the way let's if we can bring ryan up ryan's uh ryan's our
president he's joining here yeah yeah uh gave him uh i got speaker oh you're here hey ryan's a lot
better at explaining technical stuff than i am so an opportunity to jump in take it away um yeah yeah
anyway um so so yeah so we basically we're actually that that's a great point about how to do the airdrop
so we are airdropping to all openc users that's where the vast majority of volume is there's not that
much volume on looks rare x2 y2 i should say real volume um but we are doing something innovative
that we're not just dropping to openc users we're like how do we make this how do we make airdrop more
powerful right and so one thing we're doing is we're dropping a bit to all users who just hold
ethereum at least one ethereum on the network um uh that'll be uh at a certain date and the more you
have the more you get in that avenue as well so so we're expanding the airdrop from not just
again not just uh volume on openc but also uh people holding it and we're also going to probably
hold a little bit for uniswap or sushi swap whichever decks we launch on so we're getting
those communities in the fall too will that work for vaulted vaulted eth as well uh yeah i'm sure
we should right yeah yeah that's the difference cool cool i i was just i never know i just leave
a bunch in there for for fun uh yeah too on the on the looks rare side one of the things and this
kind of ties into a problem that we solved as well one of the things about looks rare that made it
um you know when we looked at this and decided to drop to openc users looks rare's inside program
kind of led to a lot of wash trading because they incentivize volume directly and so you know our
airdrop it's kind of it's based on volume right so we looked at that and we didn't really think like
is this really fair and rewarding to the nft community at large or is this like gonna if we
dropped to looks rare it might skew in favor of people like traded some zero royalties collections
back and forth to kind of game the looks token so that that was something you know we decided
really uh the right move here is incentivizing liquidity not incentivizing volume looks rare
as airdrop was super smart dropping to openc users um but liquidity is the right thing to
incentivize not volume so that's that's another thing that with them in particular might be an issue
with uh you know airdrop community sense um so then day one um the i also the eavesdrop is is
really really cool i think um i think that's gonna i just i'm very excited for that that stimmy
and see how much gets traded on that day um but yeah i mean day one happens um but the incentive
isn't for people to just go and you know sell it off um you never really want them to build those
liquidity pools um and stake for long term um so i guess how do you kind of break that down and how
do you incentivize people to you know not just dump their their energy tokens that they that they
get that day totally great questions so actually the way we've the way we've done it is we were
originally going to have like a day one where it's like the looks where airdrop there's a shit ton of
attention and everyone's going crazy for a couple days that's actually still going to happen but
there's we're going to actually start the referral program pre-launch so this is going to be kicking
off um probably by the end of october so really stay tuned you want to be early to this so the
way that works is once the referral program kicks off it's off to the races you want to be early to
the referral program those people who are in the first 1 337 which if you guys don't know that meme
it's elite uh and uh i love my memes um we're doing our dragon collection there's going to be a
thousand three hundred thirty seven dragons that's my profile picture that's going to be kind of
like our mascot but that will be released after gmi um which i've been fine tuning this thing for
like almost a year so it's almost there um but uh so you want to be early to the referral program the
first one thousand three hundred seven the next five thousand um the next ten thousand or so everyone
the sooner you are in the referral program the bigger your bonus is so it's a 50 bonus there
uh if you're in the first thousand three hundred thirty seven forty percent for the next
five thousand five thousand so on if you sign up in the first month it's a 50 bonus month two is a
40 bonus month three it's a 30 bonus um there's also incentives for uh how many friends you've
referred you get a bonus there so this is a referral program an airdrop that has a lot of bonuses tied to
it and all the bonuses compound as well too another one of those bonuses of course is if you were
referred you get a 20 bonus so it's a no-brainer to use a referral code so so what we're essentially
doing is um we're starting this airdrop again pre-launch you won't be able to claim those tokens
until we do the tge the token generation event well that date is undetermined simply because we're in
the craziest economic environment of our lifetimes you guys don't know how much wealth has been wiped
out basically just the past couple months on bonds it's crazy and this is we've had a bigger
wealth reduction worldwide than we had in 2008 by about five times so far normally when normally
the stock market's doing bad bonds will do well this is a very unique time when stocks and bonds
and real estate and everything is getting crushed so anyway the whole point is i don't want to launch
the token into another like a leg down there's going to be another leg down in the stock market
i don't know how soon that's going to happen but it's probably going to pull crypto with it
but then um but then after that after the the fed and all the central banks panic and start doing
their stimulus that's when i think crypto comes roaring out of the gates so we're kind of waiting
for that to finish the capitulation to finish and then we'll launch the tge right after that but
anyway meanwhile until then um we've got uh the referral program is going to be rolling i'm going
to be building the referral trees and the more people you refer the more gmi you're going to have
to start with when it launches and again that referral tree you're building up is also your
referral tree for the platform so once the plat actually even before the token launches the platform
will be live and you'll be able to buy and sell nfts and whoever you refer you get 10 percent of their
platform fees so the referral is 20 percent for the airdrop but then 10 for the platform fees
um and whoever again if someone's using a referral code they get 10 off platform fees platform fees
are 1.9 percent just to give context looks rare is 2 percent open c is 2.5 percent so we're cheaper
than both of them and we'll drop those fees over time to stay competitive but our users are always
going to have a percentage of that this is a multi-level referral tree again so 10 level one
five percent for level two three percent for level three um and we have uh you know we're the energy
team who built this so we have some mechanisms where you can um increase that by up to 69 percent
yeah we got the memes our numbers are hilarious we've got 69 and 420 everywhere we can possibly put in
our numbers it's it's hilarious because we have the best tokenomics i've ever seen in the space
and they're and memes are all in there so it's simple um but yeah you can you can actually enhance
that referral tree bonus by holding some energy as well too so um but yeah that's how i so by the way
what does this do it creates loyalty it creates sticky users there's no such thing out there so once
someone's got a revenue stream of say 500 bucks even per month on our platform you know they're
going to be they're going to be you know carrying their flag everywhere they're going to be like oh
screw these other platforms no one's taking care of their users just like going to make it oh yeah use
my referral code and get in here and you know um get 10 off your fees and claim your airdrop and
refer your friends and that's how things go again that's how andrew tate did it man uh his stuff went
viral because he has thousands i don't know how many tens of thousands hundreds of thousands of
people everywhere promoting him so you don't have to do that you just have to give the community
incentive say hey you know this is like my own little business you know and it's good it's good
for you too that's how you this is the most powerful form of marketing and why why are we the
ones creating all these i think because we're really hungry as a team we've done some really powerful
stuff again we just haven't got that uh i guess the recognition or whatever but you know we're not
waiting around to win a popularity contest we're just going to build the best damn thing that's ever
been done so yeah totally and i mean to your point it is about the application right i think right now
the biggest opportunity for a lot of people is in nfts it's the easiest thing to understand um so yeah
no it totally makes sense and this is the kind of place to to really kick it into into high gear um
it's funny when you're talking about like you get a bonus you get a bonus you get a bonus i could
just yeah all i could think about was yo for me uh yeah this is very generous yeah i'm excited to see
it it's hard for me to imagine so yeah yeah yeah well i'm just seeing how it how it kind of spread
it's going to be it's going to be interesting there's going to be a lot of so it's going to be
going around even before we launch once this referral program launches you'll be hearing about it
left and right here and there then when the tg happens uh that is going to be a major event and
yes then it's going to be all over the place just like looks rare um and yeah there's going to be
you know at the time the tokens are unlocked undoubtedly there's going to be people who dump
there's also going to be people coming and buy it we had the same thing you know and they um they
hit a billion market cap soon after that after that there's a lot of people dumping it so how do
they hit a billion market cap because there's more people buying it than they were selling it
so i think with our sort of system that's way more powerful you know obviously they launched in a
better market they didn't have the sorts of mechanisms we have then then you're asking
what's preventing people from selling we actually have a really powerful center too so this is how
you do tokenomics you get this is critical part of tokenomics all right so we studied this stuff
extensively everybody loves high apys we saw that in the defy space you know 100 multi 100 apys
everybody loves that the problem is this problem is when you have those high apys then you have people
come and dump those tokens they're dumping it as they get those profits that's exactly what
happened to looks rare so looks rare you know when they launched again billion market cap and their
api was over 100 and by the way again they're not incentivizing the right things either what they
were incentivizing was was trading and what they're currently incentivizing is just taking your looks
and putting in a smart contract and they call it staking it's not really staking like we have
staking and energy staking is actually where you're securing the network you're not securing the
network here but it's called staking and you get return that the problem with that is again if you
at a billion market cap if you have a hundred percent apy if half the network is staking their
coins it means there's 500 million dollars of new coins coming into supply every year that's a
tremendous amount of sell pressure most of those people are selling you have to have more buyers in
that to keep the price up well that's the reason why it looks for his price went down you know and
they're currently around 100 million market cap if they if looks if looks rare had our sort of
tokenomics uh they probably would be 10 times higher in market cap they would have hit 10 billion
instead of a billion and they'd probably be still at a billion today um so this is how you're this is
how you optimize that so yes people love high apys but what you need to incentivize is incentivize
them adding to the liquidity pool which looks rare was doing that at the beginning i don't know why
they stopped but you take that gmi and you take eth and you put them together in a liquidity pool
probably will be on sushi swap and then you take those lp tokens and if you lock those lp tokens up
we have several pools the longest one is 6.9 years and it gets a 69 times multiplier yeah you know it
that's where most the rewards are going so if you're willing to do that if you're willing to lock
your gmi and e for 6.9 years your apy the apys for that well it's hard to know exactly because it
depends how many coins will be in there but it'll start around a thousand percent um you cannot use
that obviously for 6.9 years but the point is you just let that baby grow uh and you know you come out
the other side i didn't probably hopefully be retired no promises uh but yeah but the power here is
you're taking that sell pressure away whereas with looks rare that or any vast majority of any other
coin i don't want to just pick on them like no one's done tokenomics right and if you screw up
tokenomics you can't just go back and fix it you have to do the economics right from the get-go
so yeah i mean it works i think one parallel maybe um would be magic with treasure right um so many
people lock their magic for so long um and then it vested and then they locked it again for another
year and this is perpetual cycle um but i think you know if you can do it not only is it good for
for the person um you know kind of locking it but you know just the way you've done it with you know a
five or a 6.9 year uh maximum right now i think it just shows that you have faith in the project too
um you know a lot of the time these the staking periods are so short um that doesn't necessarily
build confidence it just builds kind of like a deadline um so yeah no it's really it's really
encouraging to see you know you know you're not just looking six months or a year or two years
although those are available periods i mean you see this as a viable thing you know years and years
and years down the road so kudos on that that's yeah actually on that point a year is too short of a
lockup period you know alluvium did something similar too god bless them so these guys have
the right idea right they went in the right direction but they didn't know it down because
a year is too short right crypto cycles last for what four years ish something you know varies but
um you know so if you have like what happened to a lot of those with a one-year lockup they still
got hammered right now why because the lockup was too short if they actually had a longer lockup you
can sustain everybody panics when the market's bad you know just sadly how human psychology
works you have to basically prevent people from being able to panic and sell they have to be
long-term holders so this so this tightens up the supply so you're asking about airdrop and people
dumping people will dump other people will buy those coins and put in this liquidity pool that
acts like a suction because it's such a high apy and just to paint the picture how we did our
tokenomics we have one percent going for the airdrop and one percent for the seed round so quite a small
percentage of the total supply 69 of our total supply is going to these farming rewards this is
how you do it you guys this is how you do tokenomics and we study this stuff like crazy
so the vast majority of the rewards are going to people who have faith in the project and are willing
to tie up their gmi and eat that's a very powerful demand driver for gmi and again keeps those coins
locked up so you keep the supply tight on the market um you know and you create an avenue an
attractive avenue for people to to do something with their gmi and by the way they're doing
something useful that's the point you're not incentivizing wash training where there's no
value you're not incentivizing just putting coins in a quote-unquote people that's not doing anything
if you want to get those high apy rewards you have to be adding liquidity to gmi and eat so it's going
to be a very liquid pool everybody loves liquidity you know low slippage on trades so we get that
so um yeah that's some kind of like we spent a lot of time again and i give credit to my team we've
got a we've got a 70 man team and we have a lot of veterans on our team we've been working with for a
while so what we created is a culmination of everyone's um you know input and everything and
again we're we're we're we're going after the uh you know we're going after the big win here um
i see energy as essentially like we built the infrastructure imagine a city we built this
really good highway system but we need we need the application and uh you know we recognize that
nft is like the killer app so like all right let's do this right and that's essentially the mindset
we've taken toward doing this like not any any advantage i can get i'm i'll take and by the way
do you guys have any ideas if you don't let me know but literally like i'm thinking about it every day
how do we optimize this thing or am i leaving anything out there that's how i knew to not just
do the airdrop on openc to to tap into the broader eth community to tap into the community where we're
going to launch the sushi swap community if that's where we do the pool it's either going to be sushi
or unit swap we're going to get a lot of eyes on this not just from the nft space but the broader
ethereum community who may be interested in nfts but maybe they haven't got into it and this is an
opportunity for them to to start in it you know so we're just trying to maximize this out to and i'm
excited to see how it turns out but we're gonna yeah any any advantage we can get obviously in a
moral ethical way we're doing that so we'll be excited definitely shows it's it's definitely there
and it's it's contagious um yeah i mean i i have i have asked questions all day but i do want to leave
some time open at the end for um for for listener questions um i guess maybe just one or two more
um we talked about seed round um i think you're you're hoping to raise 8.8 million um you know if
you secure that at 100 percent um what will it allow you to do like what are you hoping to invest
in is it tech is it security is it marketing is it admin um i think it's all those things because
you're my favorite um but i mean like yeah what do you is or or is it just a runway so that you can
get done uh what you're already doing yeah great question it's essentially uh it's essentially a
runway slash uh i mean we've got 25 engineers so we have a tech team and it just takes takes time to
build tech our platform looks very similar to uh open c and looks where you guys see there's kind of a
format that works and we're not straying too far from that we have a couple uh what we feel are
improvements on it the cards are a little more instagram style as you know as opposed like three
dots are in the top right there's some there's some things that could be brought over um that uh
i think we get improved upon um one thing we're doing that no one's done yet is uh incentivizing
liquidity on the buy side so this this will be after launch near the top of our list but if you think
about it nft marketplaces um you know uh some are incentivizing sell side liquidity like basically
listing rewards right if you list an nft on the platform you get a reward that's smart but what no
one's doing yet is no one's incentivizing incentivizing the buy side so that's why when you go to open c and
you see the collection offer price maybe it's like i don't know one eath and then the and then the lowest
four price is 1.2 eath because there's a big spread between the two and the reason is because
there's not enough basically market making incentive so uh you can do that by offering
the top five or ten offers on the buy side a reward um as well as the you know lowest four price offers
reward that tightens the spread between the bid and ask for the collection so these are some of the
ways we're going to innovate um and how we think out of the box but yeah these resources are going to be
used and anything good that other people are doing will absorb it as well too um but uh
yeah that's awesome yeah no just completely like it's everyone's just kind of reinventing the same
thing um but it sounds like you're taking a really novel approach i love incentivizing purchases i mean
how many people are stuck with garbage jpegs but at least now you get something for them
i i know that's not the intent but you know it's just like it's just like every every transaction
should add value um so yeah no really cool to see that you've you've sought that through um i guess
just one or two more questions from me um i was reading about your loot boxes so yet another way oh
yeah get that bonus um can you share a little bit about them and how people can participate
for sure actually ryan i'll let you take this one if you want
if you're there right and then kind of also being a family man right now
okay i'm gonna assume that he's busy so i'll do it um so loot boxes these are just these are just
kind of a fun way for us to it's kind of like a mini airdrop uh so you know people who hear about
it if you know you know you get the loot box so if you guys could actually share it with the community
how can we share it with uh can they like pin it or something yeah just uh shared it i just pinned
it to the to the top of it sweet all right all right so it's pinned there so sign up for the
for the loot box it just basically uh it's a little treasure box nft and you're gonna get
uh rewarded with some gmis for having that it's pretty easy to get just follow us on various social
media stuff and uh yeah get your get your free loot box so um you want to share that with the
communities that we're talking to and stuff so you guys can get a little extra gmi so yeah definitely
take advantage of that awesome yeah it's in there uh it's super easy to sign up um and uh yeah i
encourage you to go and do it um so i guess just with the last five minutes or however long you want to
stay on um just open it up to the community and if anyone has any questions um feel free to to
request and we can we can add you on
now by the way i want to tell you too while we're while we're waiting um so the way that tokenomics
work is the reason why you know doing a small amount for the airdrop a very small supply to start
and then again 69 for the rewards this keeps the apys really high so just to paint that full picture
so the more gmi that's in the liquidity pool the lower the apy will drop so it'll start around
a thousand percent it'll come down to the multi-hundred percent but it should stay above a hundred percent
for that whole 6.9 years and that's crazy so that's what i'm saying high incentives where people
um are highly incentivized to you know to buy in that pool it's a very
yeah and i i i have not seen more powerful tokenomics
ever and we studied we studied a lot of projects to figure this stuff out
love to hear it um so i guess no audience so i'll just ask one more uh you talked about that
elite group that first 1 337 people how would one become a part of that group is about right time
right place or is there a program yeah you should definitely turn your notifications on from the
gonna make it account so here in that channel again at gonna make it nfts turn follow that account
turn your notifications on i i can't say exactly how soon it'll launch the designs are done it's being
plugged in by tech so the referral program is almost ready to roll i will say like within two to three
weeks i can't i can't give a for sure date just because that's how tech is guys but it could be
the earliest it would be that it starts would be on the absolute earliest would be october 17th but
just a week less than a week away i don't think it's gonna be that early it's probably gonna be the
week after that but it's coming up very soon so just keep your notifications on as soon as that
referral program goes live sign up for it asap so get early you know get your airdrop bonus
um and uh and start referring your friends and again the earlier you are to it the better because
you're gonna have more people sign up with your referral code everyone should use a referral code
because it's a 20 bonus in the airdrop so it's a no-brainer so the sooner you're in that the sooner
you're promoting it the more you're going to get yourself for the airdrop the more you're going to
get from others and that's how you create a very powerful kind of uh affiliate program so it's
starting you know um again this will all be rolling um before the platform even comes out
and then the platform will be out you'll be able to use the platform and everything um and we still
will not have done the token generation event until we get the timing of that because that is a really
important event that's actually yeah we've been building it for over a year so we're almost done
it's been quite an endeavor awesome well congrats um i'm sure like lights at the end of the tunnel
um but the the fun's just about to get started so kudos on uh yeah and i'm keeping it going
um cool well tommy thank you so so so much for taking the time uh super pumped about this um
yeah i mean i think i think what i first saw was like oh another marketplace
not sorry not to dismiss but then like really the more i read about it um i think you guys are
doing something really special here and um yeah i'm just super excited to see you go live thank you
man and pleasure uh pleasure meeting you as well uh uh in the origins community good to meet you guys
um yeah let's definitely uh be in touch or in any opportunity we can get we love to
work together and let's have some fun and uh i think we all work together we're gonna make it
definitely that's what it's all about all right thank you cheers see you guys bye
