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$B3TR LISTING GOES LIVE ON BYBIT - SUNNY & COMMUNITY AMA
Recorded: March 27, 2025 Duration: 1:34:51Space Recording
Short Summary
VeChain's recent token launch on Bybit has generated significant liquidity, marking a pivotal moment for the project. With strong institutional interest and strategic partnerships, including support from UFC's Dana White, VeChain is poised for substantial growth as it enhances its ecosystem through innovative solutions and user engagement initiatives.
Full Transcription
Thank you. Is it a little bit too late for Europe?
No, it's perfect timing.
Nine o'clock, just settling in for the evening.
Nine o'clock for the UK. Nine o'clock for the UK.
Ten o'clock for general Europe.
Yeah, sorry, Europe guys.
My bad, my bad.
But we've hopefully captured a bit more of the US audience
because I understand you are on the East Coast today.
No, actually, it's better for me.
I just finished the whole day meeting in BCG office in DC.
Just like get to the hotel like five minutes ago.
Oh, wow.
Bang, bang, bang.
Love it.
Well, we've got to do what the big boss needs at the end of the day.
So, yeah, glad we could catch a time that works for you.
Thanks for turning up, Sonny, of course.
Just going to do some intro stuff, let everyone know the context of the space, let people drip in.
But yeah, welcome, everybody.
Of course, we had quite a momentous moment today, the listing of the better token on Bybit, which is awesome.
And yeah, we've got a bunch of stuff to touch on.
But as always, we want to keep this a really open forum.
Sonny and I, we love the open kind of floors.
So if you've got questions, just hop up, you know,
don't have any fears about pressing that mic button
and come on up.
We're here for you.
But yeah, amazing stuff.
Also, final request.
Sorry, just housekeeping here,
but if you could retweet the space, you know,
I'm going to do it from the big V.
Just create the visibility.
Let's get people in.
And we can probably just hop in pretty quickly.
Yeah.
First of all, yeah, Sonny, how are you doing? Welcome.
Pretty good.
Just, well, although the weather in D.C. is much worse than Milan.
I kind of miss the Milan.
Hard to
believe myself.
Oh, no.
Wow, sorry to hear that, mate.
Yeah, Britain's been actually the first
bad day today, but man, I've got
a suntan, which is
saying something.
Yeah, Sonny,
maybe we could just get your thoughts then. Obviously,
the beta token has finally been listed. There's been much rumination, um yes honey maybe we could just get your thoughts then obviously you know we've the
beta token has finally been listed there's been much rumination speculation and we've managed to
capture a top two exchange out the gate i don't know if you want to start by giving some insights
into that and your thoughts your feelings like you know just a bit of uh yeah just thoughts on the listing today. Well, honestly, I'm pretty happy about the results so far.
I mean, the more important thing is, you know, it's just the half of the day, right?
Not even half, from 8 a.m. until 5 p.m.
So it's like nine hours so far and it's already reached 15 million dollars liquidity
um i would say it's great opening and you fulfill one of our requirements to let's say, launching the further applications on the better token utility,
you know, more utility, we can do more things,
giving more solutions, available options,
how to make the better utilized in multiple different ways.
So I would say, honestly,
I was a little bit worried about the utility, liquidity, because before, you know, in the previous, let's say, like OceanX and also a couple of the DAX, the liquidity is about $300K per day and now you know just a half day we reach the 18 or 15 million dollars liquidity
in the bybee i'm really happy with that that means also kind of open up the doors for
more exchange listing and also more um let's say uh options for the better utility creations so
yeah i would say generally pretty good.
Yeah, you make a good point.
I mean, liquidity is obviously very important for the market at large.
It was great to see.
Obviously, very volatile opening.
Anyone who's been around this space for a while perhaps was here in the ICO craze.
You know, those were some interesting times watching those candles fly around yeah yeah great to see the market in a good
space and of course you know uh volume phenomenal and of course we have a major exchange actually
creating that availability so all in all a good. Yeah, any questions from the community?
Yeah, I was about to say that.
Guys, we want to keep it open.
I've got a list of topics here that obviously we can go to,
but I know that there's been a lot of stuff going on at the moment.
I mean, we've obviously got a pretty prominent proposal underway, for example.
We also have a call to action to uh you know get on by bit which we
could discuss um and some other stuff but i you know we want to open the floor first so has anyone
got a question for sonny you've got the man the myth the legend in the house he's he's ready for
your questions but sonny maybe we can um i mean we could we could talk about the DAO governance, perhaps.
I know we touched on it.
Anything about, well, anything.
Whatever is VBetaDAO related governance,
listing or even the VChain Renaissance questions.
Anything about the VChain itself,
I'm happy to hear to answer you guys.
So yeah, it's AMA, ask me anything.
Well, maybe I can start. And obviously, you know, we've seen you. Oh, I'm sorry. I'm sorry. I forgot
to mute the microphone. Maybe we can start off with some high-level chat.
I mean, obviously, you've been hanging out with certain execs at the UFC lately,
and you saw the Power Slap deal come through.
Maybe you could talk a bit to the Power Slap deal, what's been going on there.
I mean, lots of opportunities there for branding and exposure
and other opportunities within the ecosystem. what's been going on there. I mean, lots of opportunities there for branding and exposure
and other opportunities within the ecosystem.
I don't know if you want to touch on that,
just to throw a question at you.
Sure. Well, let's say our strategy is pretty clear.
We have the front line,
which is a VBetterDAO as the user grows.
I know lots of people are saying like,
hey, stop talking about a vBetterDAO, a better token.
You should focus on the VET, vSOR.
Actually, building the vBetterDAO is building the VChain.
Without any viable application, the infrastructure means nothing.
In terms of the vBetterDao,
basically driving the use case, driving the utilities,
and that's basically for, let's say,
as a front line for the mass adoptions.
And in terms of the mass adoption, also two angles.
One is about use, let's say, different scenarios.
That's our extra applications.
So far, I would say the progress even a little bit, let's say, faster than we expected.
Until today, I think we have total 33, 35 different extra applications.
And then the second aspect is about the users and also running pretty good.
And we are just achieving more than 1 million
better token holders.
And some of the application actually is Mokshah
is made into the leading board
in terms of the application actually is Muckshop is made into the leading board in terms of
the active users.
According to the data, what I can see, last week, Muckshop just reached to more than 700,000
addresses as active users, not just total accumulated active users in last week is more than 700,000.
So basically, very close to my first target, we call it the superstar program.
Wanted to make any X2M application, first time to reach one million active user,
considered as a superstar in the x2n ecosystem and even let's say people
talk about a farming situation you know the different bad user bad players ecosystem but
it's actually just a you know it's a balance to manage you cannot i, to be honest, you cannot control like 100% clean, all good users, all good players.
That's not the reality.
And even based on our internal investigation, you know, even for the mugshot, the farmer situation is only about 2% to 3% of all of the submissions, all of the actions.
I think it's pretty good percentage, pretty good data.
We're going to keep close eyes monitoring also on that type of thing.
So when we talk about the mass adoption, again, user growth,
extra applications, user scenarios,
those are two aspects we aspects majorly driving.
And then in terms of user growth,
also have two aspects to consider.
One is about a token, right?
Better token.
The better token linked to more exchange listing,
more liquidity, then is more utility of the better token to be created
in the different scenarios. I think I mentioned about like a crypto card, which able to accept
the better token to pay for different type of things.
Actually, even better news is we're going to have a, you know,
dedicated crypto card in the progress,
should be able to launch in a few weeks.
So that means the user will be able to use better token,
for sure, also along with VET and VSOAR as well,
you know, to talk to the debit card and pay for anything.
That's definitely a liquidity fact.
That's why I'm really curious about the liquidity. And also, you know, to create more utility demands for the better token in the ecosystem.
Yeah, that's...
Oh, sorry.
Sorry, you just mentioned about the Power Slab.
Power Slab is just a starting point.
Actually, we have many other things working behind the things for the mass adoptions for the i i saw some of the
merch samples i getting really excited about that um whatever for ufc and a power slayer is aiming
to have mass adoptions by the way i'm sure you guys know this recently guys notice recently danai himself the man the legend himself is wearing so many v-chain t-shirts
in the different scenarios talking about the different you know his uh instagram or uh or
you know tiktok posting you can see he's wearing the v-chain t-shirt almost like um everywhere
the VeChain teacher almost like everywhere.
I would say he really likes what we're doing
and wants us to succeed, you know,
following that kind of the partnerships.
But let's say we're not going to stop there.
Dana is really, I just met Dana in last Saturday in London.
He's actually pushing a lot of assets to VeChain.
Also, you know, looking for more opportunities
to support VeChain, help us to grow.
So yeah, there are many other stuff coming up very soon,
but we just got to follow the rules.
Imagine people like Dana, right?
That's quite a hot shot in the world.
Also, UFC is a listed company.
We just gotta play the PR rules with them,
not able to like go freestyle
or whatever we want, that kind of style.
But I would say I'm really pumped
about the Dana support, about, you know, let's
say more important is not only about the support, it's like, you know, he really likes what
we're doing and really want us to succeed.
That is really getting me super excited.
Yeah, which is amazing when you get the ear of a man of that kind of caliber,
like global stature right now,
and he's loving what we're doing.
And obviously, crypto in the US in particular,
all these bills coming through,
like clearly there's a focus on delivering real-world utility,
actual applications,
and people are basically saying,
well, what is going to come of this?
And now they're seeing applications where, oh, wait, you can use that every day.
You get rewarded for doing these activities.
It's logical.
It makes sense.
You know, it's like, oh, okay.
Yeah.
Yeah.
And actually, the fact of Dana likes what we're doing is very, very important.
very important. You know, actually, you know, especially after you guys know, Dana has been
20 years old friend of Donald Trump, right? I mean, he's, he's, let's say, I even got many calls
from my friends in the crypto world, asking me the question, like, how do you get the deal with UFC?
How do you be close to Dana?
Because they want,
they want to gain as well.
But Dana is very kind of guy,
like, I got to like you.
I got to like what you're doing.
Then, you know,
let's walk in together.
That kind of deal.
He's very authentic.
He's not just caring about like,
it's pay to play, that kind of thing.
So he's really like what we're doing.
That's why he kind of, you know, showing the support,
getting himself on the ground, you know, to be part of the, kind of like to be part of the
VFAM, honestly. Yeah, before I hop over to some questions here, I think that really speaks to
like the web-free ethos that we see in Emerge, which is like web-free business environment is
about personability. It's not about, okay, you're the CEO, therefore I respect you.
Like there's a new power dynamic at play
and it's more about building communities,
building relationships, liking people
and actually way more of like a human connection.
So, you know, I think the fact like Dana
is exactly that what you embody
and that's why the Power Slap partnership
actually kind of works in that way
because it's, yeah, it's more about, mean even the um the marketing and and all that lot is is kind of
influencer led kol led word of mouth led now it's on youtube so uh you know it's it's freely
available the rationale is like we want you to be part of this and if you want to get engaged with
us and we'll support you to help us grow that's that's
like the new the new logic and like to bring a much smaller example i mean i just got finished
with um the ambassador call so we're like you know we're welcoming a new wave of ambassadors
uh v chain ambassadors and again it's that ethos of like people that are doing great things we at
v chain want to support them you, offer some incentives and in reverse,
we mutually win. So yeah, I love that kind of emerging dynamic of web free, which is great.
I'm loving seeing the world get that way. But Sonny, maybe we've got three speakers up now,
so I'll hop over to our first in the queue. So Lib Peckin, a classic,
been up many times.
What's your question for Sonny?
Jake, Sonny, thank you.
Can you guys hear me okay?
Yeah.
Yep.
So, Sonny, first of all, you and the Foundation special thanks to all of the hard work that went into getting the Better Token listed.
I can only imagine what you put into it and what the entire team put into it.
So this is more of a personal selfish question to a certain extent.
So I live in the U.S. so I don't have access to buy it.
And it kind of burns my heart a little bit.
I may not have access to the launch pool stockings that are currently available?
Me too.
The UK is bad as well.
Me too, by the way.
I'm an Italian resident right now,
and all of the EEA now support it.
Right, right.
So you know where I'm going with this.
And I don't want to put you on the
hook here but um do you envision that as you move into other jurisdictions you will have the same
sort of launch tool opportunity for people like ourselves well let's say um that's uh unfortunate events but that shouldn't be the reason not get listed
in the exchange like by b right there number two in terms of the spot trading volume it will
definitely bring more liquidity as the let's say base as a foundation for many other options like I just talked
secondly yeah I mean even to most of the exchanges I'm really feel bad about
Americans right now or US market right now because it's it's so hard to get the regulation,
considering the fact is even, you know,
Trump just got to the White House in January and only a couple months after the, you know,
the open up the situation.
Actually, I was in the D.C. blockchain summit yesterday.
I'm meeting so many institutions and people on the regulation side.
Firstly, most of the people feel like, okay, this time,
Europeans really beating the U.S.
because Mika just launched even way ahead of the progress of the U.S. regulations.
But also, everybody feels like so promising for the future clarity of the U.S. regulations,
starting from the stablecoin and then extending to exchanges, all of the stuff.
exchanges, all of the stuff.
But building up, let's say, infrastructure available for US,
you got to take it step by step, right?
For example, the buy-bit listing,
that's why I care about the liquidity.
Because the liquidity is also, let's say, attraction points for more exchange listing,
even to the most regulated exchange listing.
For example, like a crypto.com, like Coinbase.
Well, you know, VET and VSO are already available in crypto.com in in coinbase um the reason is let's say we're
doing the good things we're doing the um value creation utility creation that kind of thing
that kind of opened up the door to any kind of exchanges. But the different exchanges, especially the bigger exchange,
has different criterias
or, let's say, different,
how do I say, like conditions.
They wanted to see, like,
okay, is that token
or is that project
really have enough attractions or have enough users? Honestly, I
really respect and appreciate the support from Bybee. The reason is Bybee also have an initiative
is called Blockchain for Good. They call B4G, which is very matching what vbettao is doing
but still supporting the better token to be launched in in the exchange like by b
it's not easy to be honest it's really really hard it's not easy. The process, you know, it takes us quite a bit effort and also quite a bit, let's say, convincing, that kind of a process.
But still, whatever we try to build is quite matching by bit initiative, blockchain for good.
It kind of opened up the door so
that's the first step you know think about that what do you say exchange really wants what exchange
really um works for right they will they need more users they need more tradings more assets so the liquidity
is a proof of the better token have enough attractions have you know the good base
to continue to grow to expand to more users.
And then it could make, let's say,
the strong case to get better token
to be listed more exchanges.
So that's the first step.
That's going to continue to supporting the better token to be more exchanges.
And meanwhile, I would say to the users from American soil,
goes to DAX, goes to, you know, somehow, I'm sure, you know,
don't make me to say something could get me in trouble,
especially in the U.S., but there are multiple different ways, right? I don't need you to. I don't need you to. We're just discussing the legitimate app forward.
And thanks for all the details. So the question, and if I'm hearing you correctly, is that you just don't know when you do lists that are in the U.S. or all the other jurisdictions that don't have access to right now, you don't know whether you're going to have the lunch pool available when you onboarding other jurisdictions.
Is that kind of what you're implying?
Like you really don't know whether you will have that promotion available.
Well, for me, let's say more important is to get the better into, let's say, most reputable and also liquidity exchanges
like Bybit. And as, let's say, that's the first step, right? It could start to build the fundamental basics,
like the liquidity.
So that's why I keep saying
I'm really happy about the liquidity today in Bybit.
I would say even the first day,
in a very brand new token,
it could reach to $20 million,
that kind of liquidity.
It will open up the door for many others.
I'll give an example we have a you know you know we have a very good um connection with the crypto.com
we are kind of riding along since the beginning right and but let's say getting to be listed in the crypto.com, let's say, requires a certain amount of liquidity at least.
Then if, let's say, getting listed in the Bybit will give us that kind of liquidity, and then we will continue to build the project itself.
And then once the liquidity reached to not that much,
let's say 30 million per day, 50 million per day,
then you kind of sweep the barriers
to get on the bigger exchange
and then much more bigger exchange.
And then also in terms of the launch pool Of the Bybit
You know
I really don't know
Let's say
The Bybit are not able to support
Like I said, I don't even know
EEA was not also allowed
To go to the launch pool
Right? EEA was not also allowed to go to the launch pool, right?
Did I get your question wrong?
No, no, you're on it, and you provided even more information,
so I do appreciate it.
Yes.
Yeah.
You have strongly answered the question,
but I'm still left out because I'm in the US.
And it just means you don't shut up.
Your mic is a little bit muffly, I'm just going to say.
But yeah, I think, yeah, obviously US listings, but also the launch pool, because I know some
people have obviously taken part in that, which is awesome for them.
But as an EEA slash UK, unfortunately, staking, because it's essentially a staking program,
you earn from this staking.
And then obviously the trading
is like a separate legal structure.
So yeah, unfortunately,
the US and the EU and the UK
might still be lagging in that regard
because everyone's still working out
what's going on.
So unfortunately, some products
can't be guaranteed
in certain parts of the world right now.
And Launchpool is one of those for the U.S. as it stands.
Yeah, but let's say from the other angle, especially at least to Europe,
now Europe has a MECA.
It's very clear.
You know, it's clarity in terms of the regulation requirements.
And VET, VSOAR, we already get the job done.
But still, honestly, we have been working.
Okay, let me be very honest.
When VET moves to Europe in 2021, okay, even before that,
I made a decision like, okay, let's go to Europe. Let's expand it
to Europe. Why? Because I heard there is some kind of regulation, which is MECA, will be in place.
And when they can get it down, it's actually in 2025. It's like five years later.
So it took us quite a bit of time to work on that, but now we have experience, we have a reputation, and expand it to better, it's not a really big deal.
And it just requires another effort, another time.
And once it's getting down, then, you know, you will, again, you will open up more doors to more regulated exchanges,
even including the U.S. But right now, I think more, let's say,
U.S. market is more focused on the clarity in terms of regulations.
But again, you know, I think it's about paving the way,
building up the progress, and leading to more exchange listing.
Absolutely. And like you said, Sonny, volume is a key part of that. This is what a lot of these
big exchanges look at. And definitely the US now is like going full steam ahead with, I mean,
you've got the stablecoin regulations coming up in May, I think, or like something's just passed
the banking committee and now it's moving into the House or the senate sorry i forget which one but i mean u.s u.s will probably overtake europe it's
going to move at u.s speed now they've decided they they want it it's like let's get it done
usa usb
amazing lipekin thank you for your question my friend um I think we will pass the mic to Mr. Paulie TV. How are you doing?
Doing well, Jake. Good to talk to you. Hey, Sonny. Good to see you.
Lib sort of stole my thunder a little bit, but I think I can twist it.
I wanted to talk about Biobit. I know when you guys made the announcement the other day, we were talking a lot in the VBetterDow.
I saw you were reading a lot of the conversation.
So I know you were following along.
A lot of us were in there trying to figure out why Bybit, you know, of all these exchanges.
You know, why Bybit?
One that, you know, us in Europe and U.S. can't use.
And I do want to remind everybody that we aren't, those of us in this space aren't the only people that
are using v chain and the v better dow right uh and and when i look at by bit you know some of the
nations that are using it the most you know nations like south korea and japan uh are nations that are
uh really active in the in the dow uh so part of me felt like there was definitely a strategy to this,
you know, and the more besides just the fact that the US is a pain in the ass at making these
things happen, the more I learned, the more this feels like this just makes sense. Could you
elaborate a little more on that and on why Bybit is actually a really good starting point uh of of of course
we're going to move into more exchanges as we go um that's a very good question actually it's a
million dollars question i would say um so firstly like i said you know um bybee has an initiative
is called blockchain for good um which is quite matching what we're doing.
So basically, we're sharing the same passion, same understanding about the future direction.
So you really open up the door, right?
But also, like you point out, we're not only limited to Bybit for sure, we're kind of having a conversation with many exchanges.
to buy B for sure.
We're kind of having a conversation
with many exchanges.
But most of the time,
based on the feedbacks
or whatever it's, you know,
in the chats, in the group chats,
or as a comment,
even some of the little bit
chilling methods on my tweets,
I kind of feel like
most of the people
don't really understanding people don't really understand the process of getting some token listed in the exchange.
It's not that easy as you think.
Let's put it this way.
So that's why I'm pointing out what an exchange really needs is more users, more liquidity, more trading,
right? That more assets, something like that. But there's definitely some other factors to play for
sure. Like I mentioned, Bybee in terms of spot trading is number two in the world. Okay, number
two in the world. It's big enough for us to have a great start point
and make the following jobs much, much easier.
That's the first reason.
And also, honestly, the reason by be hacking incidents,
I think most of people, you know, at least you guys are aware of that. But what they have responded, what they have, you know, responded to the incidents,
I have so much respect to the CEO and to the team of IP.
Ben, they have been doing like textbook classic crisis management, to be honest.
They are being very honest, very swift and responsive to the community. They didn't hide
that type of things. And also, more importantly, almost everyone I know, you know,
Everyone I know, you know, in the crypto space, they're offering the help to Bybit.
You know, once the $1.5 billion Ether got hacked, they're kind of like either, I don't know how to say that, but instead of be the
audience or be the, you know, just try to, with that kind of attitude, see like, okay,
how are you going to respond?
Even some of the competitors offering the help, you know, lending, providing.
Yeah, I'm not saying, I'm not lying, seriously.
Even, I'm saying like not the bigger than Bybee, but even the smaller than Bybee, the
competitor offering the help.
It means something, right?
It means like those guys are legitimate. Those guys are really
working for greater good for the entire industry. So that's definitely something like, okay, I,
you know, I even threw myself into the conversations to talk to and discuss with Bybee.
And I was using all of my connections in Asia, in Dubai.
Basically, by the way, Bybee based in Dubai is some of the operations, some of the original team actually based in Singapore.
So I use all of my connections to try to make that happen.
I told the Bybee team, I do have a respect to how you handle this incidence and how you recovered
that quick and how you can get all of the support and help during the crisis, I mean, that means lots of things, right?
And turned out, as a result, the liquidity we're showing,
I do also appreciate the support from all of the VFAM.
We can see the quite good liquidity even from the day one and um i think
we make a we made a right call to get listed to get the first major exchange listing um in the
market so it's a good start and again we're not going to stop there so that's that's basically why
So that's that's basically why my beat.
No, that's great. And, and, you know, I know, you know, it's easy for us. Like you said, those of us on the outside looking in to kind of lose sight of all the complicated things that go into this and all the people that have to, you know, sign the dotted and all all the entities that are working towards this
it's really easy when you're not in those rooms to just say why isn't it just getting done you know
but um yeah at the same time it it does seem when when things start happening they happen fast right
and we're seeing that with v chain right we have a glow dollar joining now we have this uh jake's
already all hot and bothered about the calendar
of the next couple months i'm here and he's not spilling beans but he's getting us all excited
uh and it's so it's nice to see these these shoes are dropping right and and uh i can totally see
the momentum continue as we move forward and and it's exciting as a community member to see that and think about the future.
Yeah.
But also, you know, the first listing or official listing is very, very important.
Right.
So, yeah, I think Bybit is not even good enough, actually better than good enough to be the first one to launch and showing the strong opening trends for the better token.
And plus also, I wanted to take this opportunity to call for help,
call for support from the VFAM,
asking the friends, spreading the words, showing the power of the VFAM, you know, treating the better token in the bybit, it will give us more proof like we are
attractive portfolio in the crypto world and kind of sweep the way of all of the barriers to get onto all of the other exchange listings.
There you go.
Well, we got a great start until the U.S. and Europe gets off their asses and starts making things happen.
So, yeah, this is a great start.
I'm happy about it.
All right, I appreciate you taking the questions,
and I'll let you move along.
Thanks, Jake.
Thanks, Paulie.
Yeah, awesome.
I mean, with the U.S. not able to access,
I think very solid sharing for the volume.
I think it kind of speaks volume to the fact that, you know,
we've done so much networking and KOL work and influencer work and good marketing across the cryptoverse that people were waiting to get the token.
So I think it speaks volumes of what we're doing.
And obviously, it's just a start.
This is day one.
So awesome stuff.
Flowers for everyone in the room.
I mean, everyone here is doing great work i mean i
recognize a bunch of kols here a bunch of builders a bunch of content producers like yeah you know
a blockchain is the sum of its people at the end of the day so we hope to you guys as well
uh we have another question from smoon mine um welcome to the stage what's your question for sonny
welcome to the stage
what's your question for Sonny?
Hi guys can you hear me?
Yeah loud and clear
yeah so
congratulations to you guys
for the listing
and I just want to say
thank you guys for
allowing me to attend the UFC
so I attended that with Sonny a few days ago.
Oh, shit.
In London?
Yeah.
That's right.
Yeah, yeah.
Yeah, Chris.
Well, I apologize a bit because I didn't know where my fit is.
I thought I'd fit with you guys, but I got a call from that guy.
Like, hey, Sonny, you know, come over.
So that's why I kind of spend most of time with Dana there.
No, no, perfect.
I had a brilliant time anyway, so it was great.
And Jake, we had a couple of conversations and some drinks as well,
which was brilliant.
That was fun, man.
Yeah, much fun.
Thank you once again.
And like I said, so I think the think the so poorly touched kind of on what i
wanted to speak about speak on so um i'll pivot um and it's kind of a question regarding uh the
wider space so i know that we was looking at um basically collaborating with other blockchains
my question to sunny would be how are you guys trying to connect with
other blockchains in a meaningful way for VeChain that actually benefits it?
You talk about a cross-blockchain?
That's correct, yeah.
Maybe how can VBETR play a part in that too?
Yeah? Jake, you want to take that? Yeah, just as an anecdote, a lot of the work we're obviously doing right now, or I'm doing specifically, is working with KOL's influencers in terms of collaborating with other key opinion leaders in other blockchains to create attention at least.
with other key opinion leaders in other blockchains
to create attention at least.
Obviously, I mean, I assume you mean technically,
but for example, you know, we work quite a lot
with influencers in XRP and Arda
and, you know, obviously a bunch of the leading communities.
And there's a lot of, I mean, you know,
people across Web3 in their kind of respective worlds,
they have very similar values.
And obviously creating visibility across
those ecosystems and worlds is
basically one of my main jobs at the moment.
We've been seeing a lot of interest in that front,
because people are seeing the benefits of VBetter.
From a user basis,
that's obviously been a big focus.
I'm not sure if anyone's following the VeChain Builders channel,
for example, but Resolute,
they're the team alongside
Reese who is the new DevRel guy.
They're doing great work,
like literally getting out there,
meeting people, exposing the tools.
They've been going to uni.
They're actually signing on uni for,
I forget the terminology, but basically
integrating them into like master's programs, that people
start, you know, essentially, building businesses on the back
of them, integrating to the educational space, so like
making V chain a bit of a standard in this direction as
well. So it's a really cool developments in that front. But
Sani, I'm sure you've got other anecdotes, but I just want to
add that side, because you you know part of awareness is about obviously going in this very web
freestyle through people like you have to go yeah yeah well honestly you know even i believe
and also based on the feedbacks i got when i talked to the other developers, even in the other ecosystem,
I think we do have the best use case.
And also we do have quite easy configurations
or development or technical requirements to build on Vechain,
to build any applications on Vechain.
That will be, that's never be a barrier,
will never be a problem to be honest.
And the other thing, as you point out,
we are always be, try to maintain the inclusive mentality
to anyone wants to, you know,
build the actual applications or join the VBAT at all
in any kind of different way.
And right now, let's say, in terms of the building up the bridge
or cross-chain protocol, we are actually working on that
to, first of all, first, of all, the Galatica upgrades,
the testnet will be launched very soon.
It's actually aiming to increase or enhance the EVM compatibility.
So it will even make it more easier for any developers
to try to build on the VeChain blockchain.
And also will be much more easier
to integrate with the infrastructure provider
like custodians or trading desk
or any kind of the service providers
to onboard whatever the developers or enterprise to be built on Vechain.
And last but not least, I think, again, the growth story
and also the better performance is really a traction point
to anybody who wants to build the blockchain applications.
I think the better ecosystem is already showing very good strengths.
Like building here, you will get attractions, you will get the user support,
user support, you will get the engagement with the community. Then more and more people,
you will get the engagement with the community.
honestly, I see the pipeline of the X2 applications. I even told the team like,
okay, slow down a bit. We should start to be focused on the quality of the X2 applications
as in just the quantity only. So I think that traction is very clear over there.
And also a little bit sharing the market sentiment.
You know, people are, let's say,
I would say people kind of tied about the mean waves, in my view, especially when I talk to
the institutional investors. Recently, I've been spending quite a bit time with institutions,
acquired them to be the future validator of the VeChain Renaissance. I got quite a positive
feedback. And most of the feedbacks I got is, oh, finally somebody tried to do the real thing,
you know, to build up the real-life application
or to focus on the utility,
other than just speculative, you know,
tradings or speculative activities.
So I was, we're getting more and more attractions.
But what I'm trying to say is the user growth and also the activity inside of the VBetterDAO
and the value proposition of VBetterDAO is raising up the flags and draw more attention from the market.
So, it's not just the one man's job,
it's only the job of VeChain Foundation.
And everything you guys have been doing,
it's also very, very important
to showing, you know,
we really get the engagement,
we really get the support from VFAM.
VFAM is growing as well.
Then for sure, more and more applications will try to
build come on come on come on v10 to build um and you know and we're looking for let's say
success of anybody comes to build on v2 that would be make the best case
to draw attentions draw attractions from the other blockchain communities.
So it's not just one thing or the other.
It's quite a comprehensive work to do to continue what we're doing anyway.
Thank you. Thank you.
Thank you for that.
That's very interesting.
Again, if I can, Jake,
is it okay if I ask one more quick question?
Sure, man.
Sure.
The second question,
I know you touched on.
I remember your voice.
We spent time in the lounge
and we talked quite a bit.
That's right.
We spoke for about an hour.
Going back and forth.
Yeah, I remember your voice.
Chris is getting it, isn't he, mate?
Yeah, I'm very interested in this.
Quite a good conversation.
Yeah, it was a brilliant conversation.
I learned a lot and I heard a lot about the development for the future.
So, yeah, it's very intelligent.
So, I've got a few more things so
i'll give one more um i know uh sunny you touched on the uh card that's um that you guys have
coming in place and i just wanted to know how that um how that'll be put in place for the v better
which one you said something about a card or how a
card would be connected to the VBETTER token or something like that. You mean
the AI cloud or? A card with an R. Credit card. Credit card. Oh, sorry sorry my uh my uh my english is not so great um that's no problem
no no that the debit card i mentioned is uh we're working on the payment solution for the better
token but not only better but also obviously vt and the visual should be included and it's it's
getting much much more easier since vtv so parts of the MECA compliance officially.
So we don't have any kind of barriers
like to launch the payment solution,
but for sure, we need to find the regulated players
to be able to, you know, aiming the master of adoptions.
So basically the, well, I mean, again,
we're not going to, even the,
there is quite a bit of plan and take the time,
but we're going to start from small, start from simple.
So that means in the near future,
the VBetterDAO users could apply a debit card which accepts a better token
to pay for anything, simply to say. That's just the first step. And I guarantee you, everybody,
most of the country, 99% of the countries be able eligible to apply the debit card and also
it could be added like directly into the apple wallet virtual you know using the virtual card
right away so actually i tested by myself um it only take a I think, just a couple hours.
Then I finish all of the KYC AML process.
Then I can start to use the debit card in my Apple wallet, like right away.
So the only work we're doing is getting the liquidity of the better token.
And then, you know, it the the the transition much more smooth
and then getting more people to enjoy um the utility of the better token so yeah give us a
little bit time i think it's a a few weeks away um we just wanted to make sure there is no any like a security testing, quality control and everything.
We wanted to give you guys the most smooth user experience, even just starting from the small steps.
I just saw Mr. Whitman put the hearts up.
And actually, this is great because, you know, I couldn't necessarily speak to it,
but he was talking about his girlfriend
using the ScoopUp app and she gets to the end.
She's like, what are these points?
Like, what the hell do I do with this stuff?
So this obviously leans in on our whole kind of utility narrative
where we're having the social logins,
where you have this nice email password experience,
no seed phrases, the gas fees are abstracted
so you don't pay the,
you don't like have to manage the VIFO side of things.
And now you get this end of life payment solution
where you can spend the tokens like a debit card.
So all of a sudden these apps,
they're not blockchain apps, they're lifestyle apps.
And this is obviously where we want to go with it
is like use this on your day to day.
You accrue some points. Oh, you want to buy a coffee, coffee you want to buy a sandwich you want to do something in your life like go swimming i don't know uh then you've just got a card for it and well
ultimately ultimately we want to create an ecosystem people don't want to leave so imagine
picture this i mean sure you're going to take quite a bit of effort to realize that.
But imagine people could walk the dog, earning some better token, and the next thing goes to a coffee shop, use whatever you earned to pay for your coffee.
And then you earn a bit back, and it know, Whole Foods or any kind of convenience store to
buy some stuff. You earn more and then you charge your Tesla and you earn more, you know, so you
keep the user like, oh, I got to stay in this ecosystem. Then, you know, imagine the enterprise
adoption will be just like so easy peasy.
With the user experiences,
user activities or in this ecosystem,
that's actually main topic today,
when I had the whole day workshop with BTG guys.
Love that. You guys are getting a glimpse.
We're building the data, we're creating the ecosystems,
we're showing it works, we're creating the functionality.
It's a reverse model to what we had before,
which is where we went to enterprise,
we got the use cases,
but they were these low volume,
from the top down use cases that
the people didn't get much interaction.
That's not the freeway.
Now it's take it to the people,
build it backwards, show the value, show the use case, show the actual utility.
And now enterprises are like, hmm, I now see the point of this.
And they, you know, come along.
And then Jake is right.
You know, getting the utility of the better token will sweep away the barriers of the non-crypto user to be adopted.
the barriers of the non-crypto user to be adopted, right?
Right.
I saw some of the community members posting the tweets,
you know, in the past few weeks saying like,
oh, I earned $700 last week, I earned $500 this week.
Because the crypto guys know how to liquidity,
how to make the, you know, the earnings,
even turn the better into the governance,
try to earn more bettors,
that type of thing.
Crypto guys knows how to do that.
But non-crypto guys, we need to give them a little bit more, one more step further,
then they can become the users.
They can eventually become the VFAN members.
become eventually becomes a vFan member.
So in the ultimate goal is we want to make even the VWORD as a wallet,
not as a wallet anymore, but as a sustainability super application.
And people can just hang on there on a daily basis as lots of user activities.
And then we'll, you know know give another boost about the user growth and eventually
reach to my goal as a first step you know to be like 20 million users that's that's still
sitting our okrs to be honest yeah no pressure no pressure um yeah and i think i think that's
right that's literally the right way to go about it because it's actually bringing people
who want to stick to the network,
which is what we kind of want to do.
Yeah, exactly.
Absolutely.
And I'm going to move on shortly.
Yeah, no, Chris, great questions.
Smoomaine, sorry to docks you in public.
But yeah, of course,
the Renaissance stuff is of that similar
logic right we're introducing these new node systems you can come along use your stake get
rewarded better uh rewards model more incentives like creates more stickiness for builders because
they get that initial stickiness and then they can obviously build into the v-back dow like
everything we're doing is about rewarding the individual action and bringing them in creating
an environment where they're like well well, obviously I want to be
here because it benefits me.
That's a basic human notion,
essentially.
Right, guys. Oh, we've got
a slew of questions popping up.
All right, amazing. We're going to add some speakers.
Thanks for coming back.
Thank you, Sonny, and thank you, Jake.
My pleasure. It was great to meet you the other night
on Tangle Web 3. I had a really nice chat with you, Sonny, and thank you, Jake. My pleasure. It was great to meet you the other night on Tangle Web 3.
I had a really nice chat with you, so stick around.
I'm sure we'll get plenty of chances to chat in the future.
But I'm going to pass it over.
Take care, man.
Have a good night.
I think Connor might have been next.
Connor's had his hands up for a while.
Sorry about that, buddy.
Welcome to the stage.
Are you kidding? When Sonny's going, you can't interrupt him, man.
Passing is contagious. Very true. man hey carl how are you i am good sunny congratulations it is awesome to see everything going on you guys got to be really proud of what you've accomplished today um excited
about everything going on behind the scenes too and you know for the v fam seeing it the next wave
of ambassadors launching i know we got scandandi up here as one of them.
It's pretty damn cool to see.
But I want to tap on something that you guys brought up that I think is, you know, selfishly I'm super interested in it, but I think a lot of the community is.
You mentioned that you guys are going to stop focusing on potentially the quantity and more of the quality of the apps, which I think is very important to the price of better because you guys bringing on that true startup that grows and becomes this multi-million
user D app has to be quality. And so hearing you guys focus on that as music to my ears,
I think it's only going to impact the price, you know, better, no pun intended. But can you tell
me more about how you guys are going to go about that?
Like, what does that look like?
What does it mean we're going to slow down and focus on quantity?
Are you guys going to implement more measurement metrics of your current, you know, dApps?
Are you going to put more requirements in for dApps coming in?
Can you tell us anything?
Or is there any teasers you can provide?
That could be like at least three hours explanation about the future roadmaps.
Perfect.
Okay.
Try to simplify that.
Two aspects, okay?
In the Marko way or like high-level way, you know, we're going to, well, honestly, I'm not like a passive or try to ignore all of the discussions of voices.
Actually, I know everything, even I don't have that much time to respond to anybody, but I still try the best.
I know what you guys have been discussing debating talking and the proposal from mr. data
proposal right yeah that that is actually that well that's the challenge but also that's the way
how to manage the governance right but let's say the most challenged part,
even I saw the, let's say,
some of the discussions about,
to be honest, no offense, Mr. Data,
your proposal got quite a big challenge
from my technical team.
You know why?
Because there is some condition missing out.
Let's put it this way, which is normal.
That's a normal challenge to the Tao as a governance. I keep saying that. Even I contributed to one of my friend's book, Daniel Labou. He published a book about the DAO. I contributed part of that. You know, the biggest challenge to DAO is not everyone or most of the people cannot be the expert for everything.
And also, you know, you know that, right?
And it's very hard for, let's say, for anyone, including myself, to have a perfect overall picture about everything
and try to come up with a perfect solution
to manage all of the issues or mitigate all of the challenges.
It's impossible.
So the DAO governance will requires constant iterations of um you know different
different type of solutions address different type of challenges or problems in the different stages
so for example we talk about the gmf nft utilities or the demands of the GMNFTs.
Yes, I'm aware, let's say, with a VDelegate or VStation,
that kind of service provider,
then, you know, people don't need to upgrade the GMNFT,
but they can directly to enjoy with one NFT
coming from VDelegate or vStation,
that kind of players.
So we do need help.
You know, it's not just like, oh, we change the governance
and then make the things go away.
Actually, there was other quick solution.
For example, what about if vDelegate or vStation
stop providing that kind of service?
Sure, it's not the ultimate solution for that
right but at least you will be quicker we can spare the technical resource or spear
our focus to on the other important matters or you know i'm not saying like that is not important
actually i we can spare the resource to the other equally important other stuff and to get things done.
I'm more like an engineer mentality.
You know, I don't care.
Sometimes it needs to be a perfect solution or sometimes to be like a profound solution.
Any solution could address the problem.
could address the problem, you know, I would support that.
You know, I would support that.
So in a high-level way, to answer Kona's question,
you know, using the proposal, using the constant proposal,
keep rolling and keep iterating the different type of addresses,
addresses the challenges or problems that would be the way to improve or motivate um you know
the challenges or problems.
every extra end to be a good application to focus on the user experience to create the value for the
user and eventually reach to the success success right and on my side I actually allocate one of my leadership team who is managing the compliance, who is getting us to be compliant in the Mika.
Actually, he's a key person to make that happen.
I give him the instruction like, okay, your job in the next six to 12 months
is to focus on the governance iterations, to responding, listening,
listening and responding to the community voice, and also based on our thinkings,
to keep coming up with the different proposals to address issues. But I do have a
reminder to everyone, including the Mr. Data, for every proposal you created, the best way to do list up clear executional deliverables
and also with a profound
thinking to
you know think about all
of the different conditions and then
the technical team can do right away
otherwise they were just like
okay
how about this
condition are missing
or that condition are missing or that condition are missing
or the confusion from this proposal, what should I do?
Should I do all of that or should I just keep only perform the key changes
in your proposal, right?
Just use that as an example.
No offense, Data, I like you.
I mean, do you recommend like breaking it up into even more bite-sized chunks?
Okay.
That's my second suggestion.
I think the proposal is super important.
I mean, and I think you have a bunch of the community behind it.
And I'm glad that at least the foundation's recognizing it.
And I think one thing's really important that you said is we need help.
So you are going to be empowering the community to push a lot of these proposals through.
Oh, yeah.
But, you know, what can the community also expect from the foundation's
support for potentially these like are you guys going to get involved and potentially you know
put some voting power behind these and things that you like like i would love to hear more about i
guess just your involvement in the foundation's expectations involvement in the community
governance and proposal creation honestly internal, internal discussion never ends.
We have a Slack group talking about
all of the proposals coming from community.
Some of the proposals are easy,
really like not even able to be discussed, right?
But we were thinking about how to structure,
how to get more structured
instructions to the proposal like to do the community when you try to give raise
up the proposal what is the best way to do and you're right Connor I really
appreciate you make the point it's better to break up and then to do one
by one even you can come up with a three or four.
Honestly, I know crypto world has no patience. That's a usual challenge.
But if we want to get it done in a good way,
it's better to do one by one.
That's also, you know, the VBetter designs
we do every week, right? we do week by week week by
week even we could be let's let's say delayed for a couple weeks it's not really big deal it's not
going to be the end of the world it's eventually could drive more quality of the proposal and get
you know more um you know executions and don And don't forget about that.
Even the proposal get passed,
we still need to take time
for the technical team to execute that, right?
Of course, of course.
Now, it makes sense.
And I appreciate you answering these questions up here.
I won't hog any more of the time.
Just selfishly was interested to hear
more about your guys' plans there. I think if there's anything I would reinforce questions up here um i won't hog any more of the time just selfishly was interested to hear
um more about your guys's plans there i think if there's anything i would reinforce that i
know a lot of the community would like to see is more instructions and clear requirements for the
apps interested to join that would be super helpful and also and also like uh like i, I point a dedicated person who is a governance expert.
You know, he already proved his capability.
He get us to be compliant with Mika.
He knows how to talk to the regulators, even the most restricted regulators in Europe.
So he will organize, coordinate also the different type of proposals.
Actually, before we saw the proposal coming from data, we actually come up with a similar proposal.
But now, you know, we can pivot a little bit, just try to make data's proposal more executionable and continue.
Even though, let's say, based on our internal discussions, even I don't have the answer, is it really good or is maybe come up with some other problems or other challenges?
But it doesn't matter.
You know, we do that and we execute that.
And then we see, like, maybe there will be more proposal come up and, you know, make it better and better on the, on the, in the, in the,
in the progressive way. Damn right. We're here to experiment. There's not going to be a blueprint.
We're going to fail along the way. We just need to, to try and experiment and keep moving forward.
But thank you so much, Sonny. Thank you, Jake. You guys are the best. I'm going to hop off and
jump to listeners, but Pauly, I love you, even though you're
short.
Um, and everybody else.
Great seeing you up here.
Whoa.
That was, that was brutal.
All right.
The short, the short jokes have been, uh, hitting hard this week.
I don't know what's going on.
Chud, Chud, Chud and Connor have been on fire this week, but Hey, I love them anyway.
Glow dollar. The person from Glow dollar even said that, but hey, I love them anyways.
Glowdoller, the person from Glowdoller even said that.
Like, the guys are really berating poorly.
You heard that Lana almost jumped in.
She caught herself.
She almost cracked the short joke.
It was nice.
She was like she was part of the VFAM already.
It was great.
Lana is amazing. I mean, I've been having a lot of chats for Glowdoller team.
Well, you know, obviously they've got what we're in their stripes,
but they've got the VFAM vibe.
They really dig what we're doing here.
So if anyone's connecting with them behind the scenes,
like they're really great.
And hopefully we can make use of their lovely circular model.
I'm sure you're aware, right?
The profits from Glow Dollar come back to the treasury.
So it's a really nice circular approach we've got here.
Great, guys. I'm not going to bring anyone new up because you know we're we're now over the hour mark
sunny's a busy man uh but i will run through who we've got left so um scandi vet i think you
oh lib pecken i don't know who was first i'm sorry scandi's on my screen first i'm gonna go scandi
thanks jake and hello v fam yes i'm one of the new ambassadors and i'm very excited about it First, I'm going to go Scandi. Thanks, Jake. And hello, VFAM.
Yes, I'm one of the new ambassadors,
and I'm very excited about it.
So thank you, everyone who's involved
in the process of offering me this, well, sort of job,
almost.
You were hand selected.
I feel so special now.
I just wanted to say I've been having a ton of fun with the DAO since day one.
And of course there are some issues with it. It's not perfect.
But as we've been discussing, it's an ongoing process of making it better and better every day.
And I love to be part of that. Also,
I hope that everyone can see that the amount of transactions that it brings, the VTHO burn,
new users coming in, and just the overall fun people are having with it. It's amazing.
It's really having an impact inside our community, but also outside of our community because of course we are doing
a little bit better for the environment regardless of that my question actually refers to bybit and
the better launch congratulations on the listing by the way but sunny i noticed that even though
it's the second exchange i think in terms of uh v et and vtho were not listed
and i didn't use it before but i'm having a very very good experience with it and i would love to
see the token listed i know that it's probably nda but please consider it here you go. Well, firstly, I appreciate what you're saying about, which is right, about the VBetterDAO.
By the way, I forgot to mention, even the DAO is the most difficult, let's say, concept
or the project or whatever the format in the crypto world.
You know, it's much more complicated than just De5 or an nft project or any kind of applications but vbetta doubt is the most active
dow in the world right now that's a fact right we got a millions of users we got you know um
the voting uh on the weekly basis the user engagement is it's amazing i think that's a
fact it's also the credits to all of the vfam so we shouldn't ignore that that's that's the one
first thing i want to point out and then in terms of vt and vsoor yes you're right uh by beat was
yes you're right uh by beat was um let's say at least for now not listing uh vt and a visual yet
um which is actually one of the barriers uh because at least you know once you list better
you gotta you gotta finish the technical integration with vtain or blockchain, right? So it's usually it's kind of acting as the first step.
So, well, that's why I honestly, I need your guys' help to make it happen.
Like I said, what the exchanges really need, they need the users, they need, you know, more
trainings, they need more user activities, they need more support from the clients,
like from the users. So in order for us to continue the job with VT and VSOAR,
we need your help. We need the VFAM's help to give more shouts about the ByBeat,
give more support about the better trading,
you know, to become the user of the buy beat,
then VET and a Vsource shouldn't be a problem.
Let's put it this way.
But still, take a bit of process,
take a bit of efforts.
Because, well, that's also a reality.
It's also a funny fact I want to share with you guys.
You know, in crypto world,
people like new project,
not like old project, right?
Actually, I kind of understand a bit,
but it's maybe not proper to say that in public space.
And VeChain is one of the oldest projects in the world.
And especially, for example, yesterday I was hanging out in the D.C. summit.
I saw so many fund managers, asset managers coming from the Wall Street,
or even the regulators or senators from the different states of the United States.
And actually, more than half of people,
they know about the VChain.
But the first response from them like,
hey, Sonny, are you still doing VChain?
Or is VChain still like, you know?
And when I share all of our developments, our plans,
they were like, oh, that's great, you know?
But to the normal But to the general, the crypto
world, I would say people like new project other than the old project. But because they show the
potential for the new project, they want to bet on the new project. But my point is,
I don't like betting.
I like certain things.
And actually,
VeChain already showed the best records.
We have been through
twice all-time highs.
And, you know,
we're working on the third times.
And also,
we show the capability
we're existing.
And we're keep building and it keep developing.
And especially the Mika, again, Mika compliance
gonna shows like how authentic, how legitimate
all the VET and the VSOAR will eliminate the barriers.
But still, again, we need your help.
We need all VFAM's help to be the user of VyBit.
And then I think VAT and Vsoul will not be a problem.
Just taking a little bit of time.
Understood, Sunny.
We're going to rate those tweets of them,
and we're going to make it happen.
Thanks a lot, boss.
Bye. Thank you. Thanks a lot, boss. Bye.
Thank you, Scandi.
And it was great to...
I was wondering, like, that kind of question, when kind of pop up.
I didn't plan to, I promise. That was organic.
But yeah, good call to action, Sonny.
You know, obviously the blockchain is integrated now.
So guys, let's show Ibit the love
and see what they can do with VET and VIFAC
because it's only one click away now.
They've done the hard work to get better on there.
Amazing stuff.
So I'm going to move on.
I believe we have two left.
So Lippekin, you had your hand up, but it's gone down.
Yeah, I'm still here down so yeah i'm still here
jack i'm still here okay okay great and then so i'll pass it to you and then um ox poira uh
poiri poison is going to be our final speech tonight so lib hand the mic to you my friend
and then one final question and we can start to wrap up. Thanks, Jake. Thanks, Sunny. Thanks for, again, making time for this.
Quick question.
I want to go back to payments.
And as it relates to cross-border payments,
do we have anything in the VC ecosystem as part of a role
map to support cross-border payments, especially given
the fact that we are now in compliance with MECA,
and I'm sure you're continuing to do work here in the U.S.
It's the chain going to be in a position very soon to facilitate remittance cross-border payments.
remittance cross-border payments.
The cross-border payments you mentioned
is about the individual users
or about the enterprises?
Individuals, both actually.
Focus on individual users.
So for example, the ability to leverage
the chain to send you every minute.
You guys are really good.
You guys are really, really good.
How do I answer that?
The simple answer is yes.
Okay.
But I'm afraid I'm not able to speed spill out too many details because
it still take a bit time but yeah so firstly firstly okay if we talk about
the individual users the debit card partner we're selecting also I tested by
myself basically by the way you will support the US users you will support The debit card partner we're selecting, also I tested by myself, basically,
by the way, you will support the US users,
you will support the UK users,
you will support all of the European users,
that's 100%, so don't worry about this part,
not gonna be like a Bybee situation,
for launch pool situation.
So for the individual users,
basically you can use the debit card.
It's basically a Visa card.
You can use almost everywhere in the world.
I travel a lot,
so my record shows I use it in London,
I use it in Milan,
I use it in Geneva,
I use it in DC,
I use it almost everywhere in us as well so basically you can
basically use every everywhere in the world okay so um that's yes and also in terms of the enterprise
payment solution uh let's say we're working on one of the exciting project just not able to say no say too much but i would say the partner we're onboarding
it's very very well reputable that's number one number two is even the first batch of enterprise
users also is it's very uh you know with the good names as well. And it shows, my goal, let's put it this way,
my goal is to show to the whole world
that crypto is not only for speculative trading
or for money laundering, that kind of criminal activities.
So enterprise, even including the American enterprise,
are able to open up and to enjoy the benefits using the crypto
to do the cross-border payment or domestic payments,
let's say, with a good business value proposition.
And it was showing to the regulators that's the right use of the crypto.
That's the use case.
You know, we should start to talk about that.
We should start to promote about that.
It should start to replicate about that we should start to promote about that should start to replicate
to everybody else so um yeah it's it's it's yes but let's say it's very very tough um but um
we're kind of putting as one of the priorities um you know for for the for the utility of
for the utility of VeChain or blockchain
to showing the proof like, yes, we're able to do that.
So it's ongoing.
Honestly, I don't even have a timeline yet,
but let's say I'm pretty excited about this.
And also we're getting very strong support.
Let's put put this way.
Love it. Good question,
Lepekin asking the right questions as always.
Well, I see our final question has actually dropped down.
So that abruptly brings us to the end of the space.
Unless, well, not unless,
I'm going to let Sunny go go because Sonny's very busy.
He's been in D.C. with BCG.
I'm sure he's got meetings coming out of his butt.
So we've got to let the man rest.
It's been a fantastic space.
In six minutes, I'm going to have a dinner meeting.
Bloody hell, six minutes.
You've got to shower, get ready.
No, I'm not going to take a shower.
It's okay.
Web Freeway.
We do centralize the showers.
That's fine.
Someone else will shower in the community.
No, Sonny, thank you so much for your time.
I appreciate it as always, man.
And I'm sure the community do.
It's great to get these insights and downloads from yourself.
Yeah.
Have you got any final words for the room before we call it?
Yeah. yourself. Yeah, have you got any final words for the room before we call it? Yeah, well, firstly, I really appreciate all of the support coming from the VFAM, and we do have
loads of stuff planning, working behind the scene clarity inside in the U.S. soil.
Honestly, I spend much more time in U.S. starting from end of the last year.
You know, we're getting so much, so many opportunities in the U.S., getting the strong support from, you know,
people like Dana Y,
we're making lots of impossible to be possible,
to be honest.
So, but the good thing is,
let's say we're still driving the utility,
we're still driving the value creation.
I think, I believe that's going to be the main center of the future upcoming
bull run.
The utility will be the king.
You know, if we're looking at, looking back all of the history in the humankind, especially
about the internet, you know, there is a many up and downs in the internet arrows like 20
years ago, 30 years ago, yes. But eventually, it always coming back to the best product,
to the best utility, and the best value coming from the new technology.
It never changed, never deviates.
So, I mean, I think it's our timing is coming up.
And, you know, all of the future deliverables,
whatever from the VeChain Renaissance,
from the VBetterDAO growth,
you will always focus on the utility,
always focus on the growth story.
So stay tuned with more growth story
for VBetterDAO,
whatever is the user growth, application growth, or even the
PR community, communication growth, more visibility, more exposure, more driving the more user
adoptions. That's one part. And also stay focused, stay tuned on the Vechain Renaissance progress.
So stay focused, stay tuned on the VeChain Renaissance progress.
You know, we have a Stargate coming up.
We have, you know, the early birds program coming up.
Basically, the early birds programs, along with the Stargate launch, will be acting as a simulation for the future Hayabusa launch.
So it really kind of renovates the decentralization model for the crypto space.
I wanted to spend a couple more minutes on that. It's very important. The main purpose of the
V-chain renaissance is to go to decentralization, right? But we all know the barrier about the decentralization of the blockchain, any kind of crypto or any kind of blockchain platform, is only the technical guy can run the validator, can do the real decentralizing part.
And then the normal user, let's say,
I don't have a technical capability.
I don't know how to run a node.
I don't know how to run a server.
How can I play?
How can I be part of the decentralization?
That's the biggest challenge.
And in the normal, in the existing world,
in the current blockchain world,
most of the people have to rely
on some staking service provider, right?
That means two challenges. Firstly, you kind of give away your token to somebody else to run the
validator, right? That's the first thing. That means you kind of have to rely on their capability.
Also, you got to trust them and you're going to rely on like you're
they're not going to running rug food or they're not going to running um bankruptcy um those type
of the shitty things but we all know like even biggest one biggest player like FTX could have that kind of issues or the other, you know,
I have to point out like a prime trust
used to be the number one in the world,
still go bankrupted,
even kind of bring the impacts
to our previous stable coin like VUSD.
Those are things we're not able to control that, right?
So, you know, stablecoin like vusd those are things we're not able to control that right so
you know how to address that kind of issue that's a vegin renaissance you know going to get that
and actually by our design you don't have to stake your token to somebody else to do the, you know, participation of the entire network security. So we are the
first one. It's a really novel design using the NFT to represent your assets and stake or delegate
it to participate in the network security.
That's the first time ever we're trying to do that, you know, to solve that typical challenge
in the decentralization way in the crypto world.
And the second challenge is once you stake your token to someone,
your rewards, your incentivization
coming from the protocol
is actually not coming directly from the protocol, right?
It's coming from your staking service providers.
And basically, they will take the haircut,
which is normal.
They provide the service,
they provide the expertise,
the technical expertise to do that.
Then they take a service charge, they take a haircut.
And also, let's say, ironically,
blockchain meant to get rid of the middleman,
but most of the staking, most of the decentralization
relies on the middleman.
So, VeChain Renaissance kind of solves this right you you
holding the new nft represent different type of x node or economic node you delegate to someone
but you still holding the nft in your wallet and your rewards coming from every block is not coming from the staking service provider or not coming
from validator. No, it will come in from the protocol rewards right away. Then it is true
like there's no middleman. And even you don't have technical capability, you still can play
certain role to secure the entire networks
and getting the rewards from protocol directly.
That is the true purpose of Vechain Renaissance.
So I'm really pumped, exciting
about the Vechain Renaissance rollouts.
We'll have more details and more stories,
more video contents to guide everyone
how to swap your node, how to mint the new node, how to do a delegator job, how to get
the rewards, those type of things coming up.
So, you know, that's most exciting.
I think we're coming up with this kind of genius design to really address the
decentralization, which blockchain needed and also which minted in the blockchain's DNA.
And as a result, for sure, we're quite confident the VET staking, right now the hard staking is just 2.5 billion ET as required by the network.
But based on the VeChain Renaissance, I would say the staking could maybe 10 times or 15 times,
you know, reach to 20 billion VET staking, 30 billion VET staking um that's very possible based on the design of the entire vch and renaissance
that gives really real true decentralization um you know like let's say suppressing all of the
other competitors or players in the market that's i wanted to point out but anyway uh in a nutshell
That's what I wanted to point out.
But anyway, in a nutshell, really appreciate all of you guys' support.
Please continue to work with us, continue to support us,
and our future is so bright.
Thank you for your closing thoughts, Sunny, as always.
So, yeah, guys and girls, keep paying attention.
Obviously, July 1st, Stargate program, early bird staking,
all that good stuff
before then we've got a packed agenda poorly alluded to it but i mean i'm looking at my workload
like god damn uh it's a good problem to have a champagne problem as sunny likes to call it
yeah well you guys you guys will not get bored i promise you love that um yeah sunny thank you so
much for your time again man. Wish you a lovely dinner ahead
and whatever else you've got planned in DC.
And of course, everyone who turned out,
thank you so much for your time.
Always appreciated.
Looking forward to continuing being awesome.
I guess I'm only one guy wearing the T-shirt
and a hoodie in the DC streets
and having the dinner with some big shots,
wearing the suits and tie.
So easy to be recognizable.
Love it.
I love it.
The humble CEO.
It's so web-free.
Awesome stuff.
Right.
Take care, guys.
I'm calling it.
I'm pulling the plug.
Much love.
Catch you all again very, very soon
for another update.
Bye-bye.
Yep.
Thank you, guys. Cheers to me.
Bye, everyone.
