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Arbitrum x LandX Finance
Recorded: Dec. 19, 2023 Duration: 0:48:28Space Recording
Full Transcription
And then definitely there's a big advantage for you to be an Arbitron and in terms of Landex
products as well.
Great.
Thank you very much Land Walker.
Land Walker.
I think you walked through all the products that Landex has
and, yeah, what your main goal here
and also what you're bringing to the community very well.
So congratulations on that and for sure for the launch on Arbitrum today.
And cool.
Well, I would like to ask you, like, maybe what's next for the community?
I know you already shared that people can join your X account
and your website to get to know more.
Also the Landex Academy, your Medium, et cetera,
your X threads to get to know more about you
and also your Discord account.
But is there something else the community can expect from Landex?
Or maybe if you can share a little bit about your roadmap
or any alpha you want to share today?
I don't know.
Don't make – don't feel pressured here.
Like just anything you want to share to the community.
I mean, we've got a – yeah, look, we've got a few things
that we have sort of under the bonnet.
We were not sure whether to launch this year or next year.
And then on the 18th of December, we literally had an internal team meeting
and we said, look, guys, we're going to press the button now.
We're ready, ready to go.
So 18th of December, we did – no, sorry, 18th of November,
we decided that we were going to launch.
And we had four weeks to, you know, run the marketing,
get all the listings organized, get, you know,
get all the, you know, front-end app for our public sale.
And we closed the private round, sold out private round,
sold out public round.
We raised about $8 million altogether.
But the last four weeks have been extremely exciting
because suddenly we realized how many supporters we had in the community,
not just being there for airdrops on Discord,
but actually putting money into the protocol,
into the tokens, locking them up for, you know, months when, you know,
when they participated in our public round, sorry, private round,
with the three-month lock-up and nine-month vesting,
we sold out $1.4 million US dollars worth of, you know, LNDX tokens.
We sold at 23 cents.
And then we had a public round, another one and a half million,
which sold out in less than, I think, 15, 16 hours.
And then the final part was really exciting when we thought that we absolutely
ran out of steam, you know, doing all that stuff.
And then suddenly we had demand from a community to release our unsold part
of the private round worth about $400,000.
So sold out in two hours, basically.
So we're, like, we're really pleased that we chose the timing right.
And, but also more importantly, that there is a lot of activity in the space now,
even as we're heading towards Christmas and people are starting to sort of ease
out on the workload that they do in DeFi.
But I think these, you know, these couple of weeks have been great.
And after that, I mean, the natural thing for us to do was to list.
And we did a dual listing on MEXC, Centralized Exchange, and Gate.io.
Very quickly put together.
I think it was very successful.
We sort of had a lot of organic activity there on these exchanges.
But most of the trading, of course, happens on Uniswap.
And as our tokens are, you know, sold not just on Ethereum,
they can also be bought on Arbitrum with a lot less fees and, you know,
the same potential upside as we've got on Ethereum.
So feel free to, you know, check us out.
LNDX governance token.
Make sure that you use official contracts because there is a lot of tokens now
appearing in LNDX that are not ours.
So don't click on just any link that you see in front of you.
Go to a deck screener or go to our official channel.
And on Discord, you can see the channel with the contracts
and just use the official contract there.
So what we're doing in the new year is quite exciting from a product point of view
for us because we're looking at diversifying the offering to the farmers
and not just offering them finance but also bridging into the insurance as well.
So crop insurance is one of the areas which the farmers don't have access to us.
But since we're already working with them with financing,
we're able to bundle the financing together with the insurance offering.
And that's another fantastic thing that DeFi ecosystem allows us to do.
We're partnering with Atomica Protocol.
And they are on Arbitrum as well.
So there's going to be insurance brought out to our farmers.
Primarily, the risk pools will be created on Arbitrum.
And that's happening in the first half of the new year.
And then coming to the second half of new year, again,
we're launching a lending product as well that we're also thinking of doing on Layer 2.
And possibly that will come on Arbitrum as well,
where lenders would be able to lend money in a very easy and sort of unassuming way
similar to Aave, you know, credit protocols and things like that.
So lend money to the farmers that will then repay, you know,
this with the security of their future harvest.
So all these things are being in the works.
We're looking at an NFT collection as well.
Not sure if it's going to be on Layer 1 or Layer 2.
But it's also a new take on what the NFT can present besides the cultural and PFP value.
It can actually have some substance inside it.
And we're looking at bundling our X-basket vaults into the NFTs
and then having, you know, that project presented to the communities.
I think it's quite exciting.
We think it has a lot of potential to kind of bridge this divide
between the DeFi and the sort of NFT silos in Web3.
Amazing.
Those are great plans, to be honest.
And it seems like these two weeks and the beginning of the year
is going to be super active for Langdex and you and your team.
So, yeah, cool to see you cooking.
And, yeah, nice.
So congratulations for that as well.
I'm sure we all go to...
We're going to take a holiday first.
A couple of days before Christmas and year for sure.
But, man, it was a crazy ride, you know, these weeks.
So just to give you some of the things that happened, right?
So as we're deploying our token sale contract through a multi-sig wallet,
that one of the signatories and sort of the final submission of the transaction
through Gnosis is done by me.
So I stick my ledger into the USB and then it gets zapped by static electricity,
as I found out later.
But basically my ledger goes blank at the time when I need to sign the transaction,
literally three minutes before the public launch needs to launch.
Not a good thing.
So I get my private keys.
So I work my security protocol.
I get my private keys.
And I enter my private keys without a mistake.
But I tell you what, when the pressure is like that
and you have to get your 24 words on ledger,
like if nobody tried it, guys, before, try.
There is like a demo retrieval of your private keys in ledger.
I think it's a pretty good app to do.
Thank God I did it a couple of weeks ago as a precautionary measure,
you know, to make sure that everything works well.
But man, the last couple of words that I had to put in, I was tight.
I was just like, I can't make a mistake now
because I really have no time to do it again.
And then when we're launching the protocol and we're doing the listing
on the 14th of December, if you remember on the 14th of December,
there was this ledger thing that came out, which was a library hack.
So Ledger Live has a library that is used by a lot of DeFi protocols
that connects their front-end systems to the ledger.
And that library that is hosted by Ledger was hacked
and basically a drainer script was installed there.
And across the whole DeFi, if you remember, guys, on the 14th of December,
so we're launching at 6 p.m. Dubai time.
I mean Dubai now, so 6 p.m. Dubai time.
And at 5.30 p.m. Dubai time, that DeFi-wide ledger hack alert,
you know, comes out all over Twitter.
Everybody's tweeting, don't use any DeFi apps.
Don't plug your ledger in.
Nobody knows anything, but funds are being drained.
And we're launching in 30 minutes.
So we're like, okay, that's not great.
Never happened before.
So we pull a plug on it and, you know, we talk to the exchanges.
We don't, you know, make announcements on all our channels.
So the community is waiting to ape into the, you know, the first sort of green stick that, you know, that comes up.
But we're like, okay, guys, we're going to postpone it for 24 hours at least.
It's not going to happen.
And so we executed the launch in 24 hours, which was fantastic.
The community was there.
Nothing happened.
Nothing bad happened out of it.
But, yeah, so it was a tough ride.
And also today we had been delayed for about an hour during launch,
but that's due to some of our sort of internal stuff that we had to take care of before we were ready to deploy actually the bridges over to Arbitrum.
We wanted to make sure that, you know, we ran all the tests and we actually ported all the tokens back and forth.
Because sometimes you get a little bit of a, you know, delay in the messaging through layer zero.
So on the way from Arbitrum to Ethereum, it's literally a minute.
But on the way from Ethereum to Arbitrum, it may take five minutes, you know.
But like today, one of the assets that we bridged took 25 minutes.
And that's why we got delayed.
Like we wanted to wait for this asset to arrive before we do anything.
So it arrived in 25 minutes and we said, okay, green light, we're launching.
All good.
So it's fun.
So, yeah, so if anybody's thinking of, you know, launching a DeFi protocol with a lot of moving pieces in it, it's a lot of fun to do.
Yeah, what an experience, to be honest.
To be a founder, yeah, that's great.
And, yeah, and many, like you need a lot of connections, a lot of, I don't know, I feel like when you're a founder, you need to be everywhere and to become anywhere.
I mean, I'm lucky.
I've got an amazing team working with me.
So we've got a piece of, so we've got our devs, we've got our consultants, we've got our security experts, we've got our blockchain guys, we've got our real-world assets lawyers, like this really amazing team of very, very enthusiastic individuals.
Everybody really likes what we do, I think.
And that's the main thing.
So everybody's having fun working.
The last literally three, four weeks, I had to introduce myself to my wife again because I haven't spoken to her once in about a month.
Crazy.
I've been literally from like 6 a.m. till like, you know, 10, 11 p.m.
But that's over.
We launch now.
So now basically markets are taking care of it and we're going to start basically rolling out the product slowly and, you know, getting the message out there.
We're not in a hurry anywhere.
We've got plenty of runway to go and we definitely are excited with the product that we're, you know, building both for the investors in DeFi but also for farmers in real world.
Builders are building.
And, yeah, exciting to see that and exciting to see that you're bringing DeFi for more people and for the people who need it as well.
So, yeah, congratulations.
Congratulations.
Well, Landworker, thank you very much for joining us today.
It was a very great conversation.
And, yeah, see you in the next time.
See you in 2024.
And, yeah, happy holidays for you and the Landworks community.
Absolutely.
Absolutely.
And happy holidays to you too and to everybody as well.
Enjoy, guys.
Have a good one.
Enjoy.
Happy Tuesday.
Bye.
Bye, everyone.
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Host
LandX (🌽,🌾)
from
LandX Finance
