AMA with Ultron Foundation

Recorded: Nov. 15, 2022 Duration: 0:49:31

Player

Snippets

Very cool. All right, welcome everybody. We're going to get started in a minute or two here and then very excited to meet with Ultron today and very excited and we will get started in a minute to let some people come in. Some of the speakers are going to be coming in very shortly.
Good morning everyone. Yes, as Brian said, we're just going to wait for some people and I'll let me invite Ultron Foundation as well.
So for the team from Ultron, if you guys are here, can you please request speaker? It's we can bring you up.
Alright, well we're getting started. I'll give a little bit of background on alpha growth. Alright, so alpha growth is our mission is to get the next 1000 crypto projects grants to get started in the crypto ecosystem. As you can see the the mess in the ecosystem right now with all of the FTX drama.
There's been a lot of investor pullback in the last couple months in terms of investing VC and crypto projects launching. But the people that have really been consistently deploying and need to deploy are the ecosystems themselves. So Alpha Growth, we help projects and match projects to the right ecosystem.
to help people get grants and get engaged with the with the right ecosystem. And it's been it's been an amazing process. We started this manually about a year ago and over the last year I think we're at like 55 and we're about to launch another 27 projects that we've helped
get grants, liquidity incentives, different interactions, some big announcements coming. And we were, we pushed a lot of content on our website and we're track a lot of different tokens. We track a lot of different L1s, L2s and all trying to pop up on our radar as a
launching in L1 and so really excited to get their perspective on the current market conditions, what's it like to launch in L1 at this time and such a massive community is amazing. Talk a little bit about that, how they engage the community and bring the other individuals in.
Cool, so do we have Ultron up here? Yeah, I have them as a listener right now, so we'll see the guys can join as a speaker as well.
But yeah, the news work crazy. I really want to hear what Ultron Foundation is thinking, how they're going to mitigate the concerns from users right now. Yeah, I was just at a conference and speaking to other people at the Fairfax Development Authority. It's the first pension fund to invest
ever invested DeFi. And one of the things that they're saying is this is fundamentally like why we chose a DeFi path, right? So because centralizing exchanges and understanding kind of whether out there are loaning user funds, the regulation
is in there yet for crypto custodianships, especially in the United States. So having a DeFi and plane in DeFi is a very good case for how to invest or kind of dip or tozen, because obviously not your keys, not your crypto.
Let me just ping them for sure to make sure that they can get up here. Yeah, they just having connectivity issues, but they will be here soon. Okay.
So Rebecca, what's the most interesting thing you've been in crypto you've read in the last 24 hours?
or by only concerns right now.
from the users and especially the Alameda research. As you guys might know, we also have clients who were funded, whose investor was lead, which was Alameda. That would be interesting. I'm just following the news there. See that everyone is in good shape.
But what I see from the community standpoint, lots of people reached out, especially on business development teams to gather online events, just to regroup and see how everything is working out and how we can all help each other in this situation as projects as an industry as well. That's I would say the most exciting thing that I'm seeing and
So nice to see the people do see the value of the community right now and trying to help out with BIS dev with anything they can. What do you see Brian? Yeah, I think I think that I'll meet a thing is like super interesting on on multiple fronts. Front number one, what is it on
of a fund of their size look like, right? So if you look at like all of the different L ones and foundations that they invested in, they've invested in like billions of dollars worth of token into this into the market. And as that fund unwinds and as FTX unwinds, are they going to what's
going to be the recourse of liquidation. Are they just going to liquidate it on the DeFi exchanges at SpotPrice? I mean, that could have a catastrophic effect throughout crypto. So some of the foundations that we work with and we talk to, they started doing buybacks and negotiating buybacks for their SAF notes
and some of their things to basically say, "Hey, guys, you guys are on winding. Let's unwind or make in partnership arrangements to basically unwind in a way that won't destroy token price as they're token unlocks." Who knows who's going to be the custodian of the token after the fact?
But more on that later looks like we have all thrown up here. Yes, we have them a speaker guys Can you please try speak up? Hello, hello. Can you hear me? Yeah, yeah, yeah, hi, nice meet you all of you sort of for being like late not late. So good. It's kind of niches
I think Alex, my colleague, my colleague, CTO, you should also join us in the minute. I'm just trying to understand what's happening on his side, but right now, yeah. So, we... By the way... You can give up so you're so earlier. Yeah, thank you for joining. By the way,
I see some requests from the community. Guys, we're going to leave all questions at the end of the AMA sessions, but everyone will have the right to speak and ask questions from us and all transpondation as well. And also, let me give access to speak from one of our teammates, Joe as well here. Cool.
So here's an easy layup from the from the Ultron side. Why did you guys get started? Like what was the main problem that you guys were looking to solve when you started Ultron? Like, you know, why, you know, yet another L1? What was like the inspiration that on why
wanted to start another one? Well, just to give you a small let's say history about Rutron Cell. So basically as me and Alex we've been working in the 19th district and we worked for a blockchain developer quite some time and we decided why don't we and we see what's happened
was a market we see what is happening and what's going on everywhere and we decided to develop having our own solution which will be different on the market which will actually look different comparing to other projects and as far as I don't know if you know but Ultron is an independent AVM compatible layer one
blockchain network and we launched our network on Thursday June this year and the same time we also started developing our own ecosystem where we have our own DAPS applications as well. So we have our DAPS application being developed on our layer one blockchain. So this is let's take a
some short history, short overview about ultra-blockchain technology. Cool. What uniquely separates you from some of the other chains out there, EVMs were big proponent of EVMs, but what are some of the unique capacities of Ultron itself?
So, uh...
The main point is, obviously, right now we want to solve two main issues. One is utility and user education. We see on the market there are a lot of users who want to be part of the blockchain, part of the crypto market industry, but they have no idea how to do it.
and how to press how to install certain stuff, and all this kind of stuff. So we decided actually to unique ourself. The number one is to develop this kind of to solve these two issues, which is utility and education. This is number one point. Second, let's say point how we
how to how we are unique is that our concept is one currency, one network and all the five solutions. This is how we also being different on the market. We also creating our own DAPs applications to realize our concept.
And the biggest point is we are not just trying to solve the blockchain dilemma in the balanced phase. So this is kind of main point that we're right now working on. Is this how our concept of which one blockchain technology? Yeah, education is super important. I mean, there's a couple different narratives that
that are coming along around usability and user experience and the education around it. But let's go a little bit later deeper. How did you construct your team or how did you build your developer team and how to get enough resources together? Because last year we heard crazy different numbers around
trying to find higher blockchain devs or like core developers? Well as I told you before we because we in Alex we worked on IT developing industry before so we already had some kind of experience like this development and we already had people like project managers, product managers and developers so it was already some kind of let's say kind of help
And it wasn't difficult for us for the beginning obviously we had to hire more developers more experience developers who can help us with the blockchain development and also not blockchain development is a with the node development and Luckily because in our team we have Alex who is a mastermind of his work so myself I'm being like a bad cop and Alex is being a
is a good cop. So myself I'm all looking towards the business and trying to meet the requirements of the market and Alex from Keysight he actually works on development part and basically Alex I mean if you can take over on this part that basically he's a that's a in charge of all our developer team. Hi so
I'm not a fan of Twitter.
developers, I mean, I think in the industry almost 20 years started in 2002, I think around 2004. And during this time I had actually different teams.
and lead different teams. And then recently, I think, about seven years, we're working with the team, well, actually small team, most of the, on the projects, not only public blockchain, but corporate blockchain.
as well. So we had huge experience in that and then we tried to create our own blockchain, then gave up, then used some existing blockchain or combined the existing features because I believe everything is on the market at least the newest thing
already deployed so you can just take something and combine and we decided at some point to start with that but the team initially we had great team of great guys great engineers and then the core state and that's the core just
extended to the required, let's say, size. And then at some point we met some investors who believed in this kind of project and who actually added new kind of ideas regarding the tokenomics. So this was thought out very
thoroughly and that's where we are now. Now we have almost 30 devs, engineers and managers and we divided them into sub teams, some of them work on the core blockchains, some of them work on the devs, some of them provide the security we have.
DevOps, we try to structure everything, at least in the way that we think is correct in our opinion and provide the best services that we can. So this is where we are now. We also don't forget
We also want to know how important our team is. Is there not developers? Yeah. Yeah. Better users with all the complaints. Not complain about issues with the transactions which are working hard 24/7 even weekends as well. Yeah, it's your part. But for this one part.
I'm happy to show myself, sorry guys. It's amazing. It's really cool to keep a team of 30 together like that. It means that you guys have, they believe, like when you have super talented developers, they must believe in the product that they're building the mission. Let's dive a little bit down.
it into that. Fundamentally your chain is a proof of stake, is a proof of work. Like we know we've said before that it's EVM, can you give us a little bit around what direction you try to start it to go with your chain? Yeah sure. It's a very incompatible yes we picked at the point where
where we built it, we picked the best that we thought technologies from the market and adjusted for us. So it's inside of the system, it's built on the dark structures of the three structures. So in that sense, it's very similar to Phantom and Neverland, for example.
example. So that kind of structure allows us to use or to have quick consensus mechanism and quick finality. So the network is not rewritten and transactions cannot be reverted if the block is
and the voting is over. And then on top of that, we use standard TVM, go implementation of the VM virtual machine that allows to run solidity smart contracts. And of course, the network itself is POS.
proof of stake, leaderless. So now this kind of structure fully fits our needs and we are more than happy to have it and develop third and then on top of that we develop our own system contracts.
and based on existing and edit our features and that's actually the base of the networking itself. Then applications on top of that of course.
Right now we have 10 validators all funded from the foundation itself. We now prepare in the documentation of the node itself how to run it and so on. And soon I think by the end of the year we released the docs and it will be fully open.
and for anyone to join and become a leader. So it's actually the process of monitoring how the network works after the launch and the process
of setting up the requirements and this line where it's okay and not okay what's the performance of the hardware or software that you need to fulfill and so on. What are the penalties if the validator works improperly and so on. So we're at that
There is no. Amazing. And then a quick question on transactions per second on EVM. You know, like you have 10 second block times on Ethereum. What are you guys at? I wonder if we have about 400 milliseconds time of emission rate or the blocks if there are transactions on the block.
blocks are created. If we are in laboratory the throughput is thousands per second but laboratory condition you cannot reproduce in real life so in real life it will be different depending on the transaction itself. If it's just sending
something from one address to another it will be a long time fast. If it will be heavy smart contract of course it will be heavy because smart contract should be run on the note and that will depend on the note itself. That's why we now relate in the requirements of the validators.
really interesting report of a chain that went from like 120 validators up to like 170 and there was really not, there was denomissioning returns around adding more and more validators. How many validators do you guys think that you're going to have, let's say, a year from now? I think we prepared it up to
200 of them, it will depend on the popularity and desire actually of the people that are willing to join, but the BFT consensus is quite scalable, so I don't think we have any troubles with that, but probably we'll have some tests
the period and increase the number of validators and we'll see. In any case, it's permissionless process so we cannot say somebody stopped being validators so we'll see how it works. That's amazing. All right, so here's the question that I love, right?
I'm a big token, mom, ex-junkie, token utility junkie. The Ultron token. What is it used for? What do you plan on using it for? What's the roadmap around the utility? And then also the next question that is, what dApps do you have coming to the chain?
(speaking in foreign language)
your field. I can tell. Right now for DApps stuff. I mean of course right now we have all the Wtonswap decks which is already running and it's a little bit alive so we can swap that stuff. Obviously we can go, it's live. We have our bridges, we have farming, we have staking and we have also our
own ultra-nexplorer, blockchain explorer, so you can see all digital transactions. So that is right now it's live, so you can always like, I mean you can go play yourself. We are planning obviously to get more applications, but I would say this right now is a secret because we will
So we have our deck, so it's kind of a financial service so we can have swap, we can have this providing the grid to farm, make it into staking, so breaching as well as acid before.
So this right now what is live and you can use it and you can play around. Interesting. I also wanted to ask you about the really basic utility of your talking. How do you even pay for gas on your network and how governance looks like if you guys have governance talking as well.
Sorry, I was I'm you that we don't have governance token right now. It was actually the discussion if we need to have it or not maybe in future we'll have it but not for now. As for utility the gas fees are very low so the utility of the token and the
The main idea of the tokenomics was to use Eulik's token in depth as much as many dubs as possible. That means from first point of view it will support the token itself.
for coin itself if something is happened with the market at some niche, for example, if DeFi is not okay now or having some troubles, but the play to earn is feeling better than because of the single tokens, the token itself will hold
the utility, the value, the rates and so on. That was the initial goal. We developed the apps on ourselves, of course, because we were trying to deploy the network with the minimum gentleman set of the DeFi services.
like bridges like Schoherat told we have five bridges to the biggest TVM compatible network so we provided bridges and minimum minimum decks coverage that means swap liquidity if arm and staking and the next DAPS that are expected
is probably landing on the board in platform and that should give the proper boost to the ecosystem itself. And then of course we're open to collaboration and encourage other projects to come and we believe the ecosystem is what defines the block
change itself not only technology or only economics or only some one aspect it's all together. Sure, I mean this is what we believe in as well. Like technically users should not do in care what the network is used for. They just need to use the DAPs. Yeah, exactly.
So about that. Yeah. That's great. You guys doing some products in house that you know you will provide initial infrastructure for teams to come in and build more. I'm curious about the bridges. You mentioned you supporting five right now, which bridges you currently, Ultran is supported by.
Ethereum, Binance, Polygon, Phantom and Avalanche. These are five bridges you can bridge right now. We are now building the additional, let's say, back-end system and more into the monitoring system to improve the user experience to show all transactions.
and solve the coin flow from one network to another, because now sometimes it's not obvious what is the phase where the coins and so on. You need to look at the scanner. But in general, the bridges work fine. We use, again, permissionless
bridges with the relares which are voting so it's decentralized bridge we can throw relares but they are independent and that's one of the important security aspects that we think should be provided when we build bridges. Yeah bridges are tough. Oh yeah
Yeah, so I'm a user six months from now a year from now time for me agnostic you can choose a timeframe I have a million dollars what the uLX token in Six months from now 12 months from now What are you most excited about that a user can do on your cheek which does?
What can they do? Well, we expect we cannot build everything we have around. So we expect other projects to come and we have now several teams to discuss the further collaborations. One of the collaborations is Metador.
the company that built sandbox, they built in networks for us to be launched on our network and that will be I think huge boost of utility and usage of the talking itself and plus as I told landing on the platform and other
other projects I believe to come where very young several months hard to say what exactly will happen but we are working hard to get others to come and build on our network.
Let's hope it will be I think you know just kind of like taking a look back on How you guys started with the launch on the community like do you like kudos to you guys whoever was handling your launch marketing amazing job like the community engagement is amazing what other future
things do you think you're going to provide or engage with the community to keep the community engaged? It's our marketing department, they are amazing guys, we should call them. It's hard to say them.
Well, they do different competitions, they do different competitions, they do different quiz games, they do some kind of different encourage, like they do some kind of challenges for the users, whereas the users also attract to our social channels, they follow us, they see that we can, I think for the last month,
We made lots of different competitions, some kind of rewards games where our users received rewards not only in Ulyxes but also in the USITs. So our marketing team, they do their best, let's put them this way. And it's quite hard to be honest.
because every day you have to make up something new so to not to lose the user like the boring and keep using like working and being part of our ecosystem, being part of our community as well. So right now I would say this just we have to follow our social channels, we have to follow our telegram, we have to follow our
Discord and you'll see all the updates and again our marketing team will say you all lots of different interesting it's a game changes games or challenges and quizzes so you can part of it and you can obviously win something for it as well. As for developers definitely we are discussing to have the great
We are trying to encourage other teams to come and build on our network, so we will support them. Probably one of the forms will be hack it on. But that's definitely not in this year, probably next year. Because we've never had so many things to develop this year as well.
So we are more focused on our blockchain, make it more stable. And from next year, because we met lots of different companies who would like to deploy their projects on our blockchain network. And obviously we already had a discussion with at least for the last two months. We already have lots of lots of different kind of, we already
received final offers, final proposals, how we can operate, how would be the business model. But everything was postponed till next year because right now this year we are more focused on finishing and making more stable our network. So for next year we are getting more focused on integrating other projects.
Happy to hear your plans for further expansions and partnerships and especially like hackathons because real-life events or even online as a hackathon spreads like wildfire about the network, you know, like what you can do and gets developers really comfortable with
I'm more important to get new ideas as well. We are open for any partnerships. So basically any projects who have their ideas and who would like to deploy the applications please don't hesitate to contact us and send the request. We are more than happy to have a call and discuss potential
or your offers or your ideas how we can bet how we can be better or how we can implement new things to be able to open for new ideas all the time. So my next question then where does the dev community leaves for altering? Is it like on Discord or a union or a telegram discord right?
the main channel everyone can use it and send their ideas, messages and our team working 24/7 will reply immediately and will contact us to the appropriate person if it's necessary. Perfect, thank you. And also, what would you say your biggest milestones so far?
I mean, well, I don't want to show off. Well, we launched our blockchain on 1st of June this year. And we are not trying, but actually we are
We are being the fastest growing player one for the last five months. And I mean, I don't have to say it. You can look at that out numbers. So currently, if Alex, if I'm not mistaken, I think we have right now 54,000 unique wallets. Yeah.
22 million 2 million transactions and I think it's also almost almost it actually this 1.7 million blocks already generated and the biggest let's say milestone that we have already it's already our TVL has more than 150 million It's so staking and
Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah,#
where liquidity is going down left and right like what is like can you release a secret or is that prepared? There is no secret you have to work hard work and I think the team is the most
important part is just to have a team and from that on it basically depends the life and the future of your project. But if you look what's happening right now in the market, I mean everything is changing and we're happening
a few days ago with effects and what's happening with Bitcoin, it's kind of always difficult to keep in track and to be in track and obviously to be like the fastest growing layer one on the market. Yeah, it affected us as well, but maybe
not very deeply, probably because people believe, probably because we are not so big yet to fall because sometimes if you're very big you're falling too deep but yeah this is where we are.
you had Alameda as a as an investor. Yeah I'm curious guys if you're going to be at a decentralized con in Miami at the end of the month.
of this month. Yes. No, but we are going to be going to be event in London, blockchain event, which is going to be beginning of December. So we're going to be there, I mean myself, and plus it's going to be more events happening in January, also in London and also in Paris. So let's see how I mean, definitely
I will be in different two events in London and me and Alex probably are going to be in different events also in France and I think somewhere else as well I don't remember but we already had a different events but this event no we won't even sorry okay now where is looking looking for the to meet you guys I mean definitely love to come but believe me or not we have something
So yeah, so supposedly there's a there's a story around the future of blockchain summit we'd love to hear about your experience there. Oh, Alex
I think this is definitely an amazing experience that we had because we were there for six days and all those days we were able to come back at midnight.
It was literally every day everyone wanted to meet us, everyone wanted to discuss our project, everyone wanted to discuss about our history, who we are, what we do and how we become so kind of not so flexible, but how we become achieved so many kind of milestones that I extend the fourth stages, especially our TVL.
It was amazing, really amazing. We met so many people, so many companies and we met so many connections and we keep talking to these guys. We're still sorting them out until some of the guys were like AI and L industry with IoT and so on asking can we collaborate because we
We have a technology and we need some transparency in security for our data and so on. So there are really different kind of companies that we meet at our booth and also right there on the facilities.
of the GITX so that's really amazing. We both brought, I don't know how much, like 6 cm tall the pile of the car cars. Business cars. I think this is a totally before the work now, I'm thinking about we have three different
We're going to open up for questions here, but the key in on your part is that you can
point. I think we go to these events and short liquidity is down, there's a bear market, blase blase. But if you're at these events where the builders are, there is no bear market. Builders are going to continually to build and build. And like you guys, like building through the
like kudos like seriously thank you for doing that thank you for being like tip of the spear because I don't think it's gonna stop and that's why I'm still super bullish on crypto and blockchain in general everybody is looking to figure out how can they get in the space how can they get off of Amazon servers what can they you know what can we build
What needs to get built to build a better future and the builders are going to build it. That's why I'm so bullish on crypto. Yeah, yeah, you don't see the bear market on the facilities in Dubai definitely. There are so many companies. It's amazing and the technology itself is a
amazing and it's used right now I believe in more and more proper ways that's amazing so let's hope I think everything will go only up I mean the price is the price but technology and building the project it's something different you don't rely on the
We are on the prices only.
under the sun. Yeah, but laughter. We were after the road. We were going down. We were actually growing up. Right guys, we actually have a couple of questions in the chat. We just read through them. So,
So, as I was asking, "Pierrot Trans Program Timeline" when is your ex likely to be listed in Binance? Well, the thing is, with the Binance, it's not so easy, as it looks like. Yeah. Because we already, in the beginning, we already contacted Binance and I think I want to help the manager before they had
chat with them and it's basically even though we actually even met those guys at summit in Dubai as well and they explained us that we first of all we have to follow different different requirements and we have to be prepared for this requirements and one of the requirements was that we quite young they want to push
Yeah, show some numbers and so on. Exactly, so it's not so easy. But we are working on that. Hopefully maybe the highest. I don't know, but let's come from next year. We will be on Monday as well. Yeah, probably will start with smaller exchanges.
And we already in communication, but the Binus itself is not... I mean, it cannot be the aim just to be listed on Binus because if you look, there are not only good coins, there are not tokens. So we better try to...
work great and then if it goes and if we come to Binance and bigger exchanges that will be cool. Okay one more question from a post but definitely agree with you guys and there are so many defied decks as well and where you can list your token but we have a question Ultramar
project attribute to one individual as the founder owner or it's a co-owned 40 plus senior developers. It's a co-owned the block developers. Yeah. Got it. And someone who was concerned when supply is so huge how it will be managed.
It's always described in the economics. It's only about numbers. The supply can be million times less, but it's a question how it's distributed. We calculated the economics and described it in white paper, white paper. We try to stick with it.
and don't play with coins or markets. So that's I think the base of the stake you grow, the base of success. Numbers to themselves, to me, it's just another zero. The question is what is behind the numbers? This is what we're working on.
To dive into the tokenomics, what is the thing in the tokenomics that you're most proud of? To me, I think it's our main idea of buybacks and supporting the coin itself and using the coin, you know, dApps and that's why we have buybacks in
the bridge fees we have by the banks and decks fees so every transaction an hour defy actually it extracts small portion of the coin itself from the circulation and I believe that was one of the factors that hold the state
ID, let's say prevent dumps and pumps of the coin itself. And we hope that was the successful ID, successful move. Okay, so we actually designed them as a company, splashed the copying of our ID, which is good. I assume because we can see that it's working well.
So you got to buybacks is is do you are you inflationary or you fixed supply? The supply is fixed It will be distributed according to economics and plus we have buybacks so like it's hard to say Because we didn't
calculate our circulation yet but probably we around steady numbers and that's strictly defined the circulation supply. I mean, strictly defined by demand and we're not, I mean, where we are, where we are,
So it's hard to say how the market will work with that but so far we're around the same numbers so that's good. Yeah, so it seems to me that Ultron launches on both apps. It gets users on boring, the bridging in, the bridging out, they're using the transactions.
Because you have a fixed supply, any of the buybacks, basically the Ultron token becomes more valuable over time as the network expands because of the buybacks and the buy pressure of the consumer. Yeah, that was an initial idea. Especially on the
market that should support us. That was the idea why to launch the DeFi, at least the initial DeFi services with this built-in. It's super smart. Well, you have to keep in mind that this project was initiated, I mean,
address to all of this issue we were seeing in the past in the blockchain industry. So we analyzed what was happening and we decided to develop something new and so it would be different. Awesome. Any other questions from the audience? Guys, this is incredible. You guys are
are you know you're fucking the bear right you like with all of this action that's going on right now you guys are being successful you're getting the liberty you got your pledges you're building in the bear and um um um you know I'm bullish on this project like this is right thank you yeah thanks we hope to grow as well
So far we only listened about how we can improve this, how about the issues, how about the transaction, how to make this faster, you were like okay, you were the first one, but I mean I don't know if you
going to have any more questions, but I just want to say just to add that in the shop that all the information can be found on the Uttron Foundation website. It's our official website, Uttron.com. We have a lot of questions. Yeah, and don't listen to any sellers that try to sell you coins or something, especially if you're not selling.
Yeah, I'm going to start firing. If you hold the news but we had issues where someone created a take account using my name and he was setting some fake coins on using my name and it was quite exhausting. We had to fight this Facebook Instagram asking them to remove this account but it looks
sometimes, but we managed to do it. But as I said, we have our official website, Ultraman Foundation. We have our own VAC, which is UltramanSwap.com. And we have also our Telegram channel where we can get all the latest updates and information. And also we have Discord as well. We're opening all these channels.
easy to communicate with us and tell us all things about what happening and tell us ideas what can be done better or about implementing new features. Thank you guys. Thank you guys for your time and thank you everyone who asked questions. Guys especially developers if you have any ideas what to build on top of
So, Ultron, please go to their Discord, being the admins and please let's continue the conversation already on other platforms. Thank you so much. Thank you. Thank you. Thank you. Pleasure guys. Thank you so much. Bye-bye. Bye-bye.

FAQ on AMA with Ultron Foundation | Twitter Space Recording

What is Alpha Growth's mission?
Alpha Growth's mission is to get the next 1000 crypto projects grants to get started in the crypto ecosystem.
What is the current state of the crypto ecosystem?
There has been a lot of investor pullback in the last couple months in terms of investing VC and crypto projects launching.
What does Alpha Growth do to help projects?
Alpha Growth helps projects match to the right ecosystem and get grants and liquidity incentives.
What is the inspiration behind Ultron's creation?
Ultron's creation was inspired by a desire to develop a solution different from other projects already on the market.
When did Ultron launch its network?
Ultron launched its network in June of this year.
What are the two main issues Ultron aims to solve?
Ultron aims to solve the issues of utility and user education within the blockchain and crypto industry.
What is Ultron's unique concept?
Ultron's unique concept is 'One currency, one network, and all the five solutions.'
What type of blockchain technology is Ultron using?
Ultron is using an independent AVM compatible layer one blockchain network.
What are the concerns regarding Alameda Research?
The concern regarding Alameda Research is fundamentally from the size of their fund and the impact that its unwinding could have on the market.
What did the Fairfax Development Authority do regarding investing in crypto?
The Fairfax Development Authority became the first pension fund to invest in DeFi, citing the potential benefits over centralized exchanges.