Just doing a little microphone check. Matt, if you can hear me, let me know. Just check. I can hear you as well. Yeah, good for my side. Can you hear me?
Yeah, all good, all good. Everybody, thank you so much. Give us a few minutes. We'll wait for 12 o'clock, maybe just slightly after and we'll get started. But thank you all for waiting.
Okay, okay. Hello everyone. Thank you all for joining. Come on in. We'll give it just a minute for a few more people to join. I can see there's quite a lot of people joining now and we will get started.
Okay, let's get started. So hello and welcome to all of our guests and listeners. My name's Alex. I work as a community team of enthusiasts. Delighted to be here today. Thank you so much for joining. Before we get started and into it too much, so a special thank you.
you to my colleague and our guest for today, Matt, who I would allow to introduce himself. How are you today, Matt? Please tell us a bit more about your role at the do-show. How are you getting on? Alex, yeah, good. Thank you. Thanks for welcoming me to Twitter Space as well for Qtcs today.
So I've been involved with Caduceus stuff for over a year now and working with the technology team and the marketing side of things to promote what Caduceus does and where things are going with Caduceus on its roadmap and the technology things that we're building.
Great stuff, great stuff. Really looking forward to obviously getting into some questions today, because of course today's AMA is the community questions. So we've obviously selected a few of the top questions from the community that we will put to yourself and see if we can get some answers, which I'm sure the community will be really excited to deliver.
Brilliant. Okay, forward to it. Great stuff. Well, in case you are new here, I will do a short brief about caduceus. So, caduceus is a layer one blockchain dedicated to metaverse development, offers up to 100,000 TPS and almost non-existent gas fees, all powered by the centralised H rendering. But of course, to find out more about caduceus,
please do follow our socials, join our community and look out for the latest news and updates. So like I said, community AMA today, if you're ready to sort of jump into some questions, Matt, I can throw the first one out here. Absolutely, let's go. Great, so first question that came in, do you feel my
marketing as a metaverse centric chain could be limiting. Can caduceus be useful in other areas as well? Could you give us a few examples? Yeah, it's a good question. I think that caduceus does obviously focus on supporting metaverse applications, which is the niche of what
caduceus is looking for. Obviously, there are many chains out there and I think that you need to find as a business and an kind of operational layer one chain, you need to find an angle within the marketplace that allows you to have a different edge and from our research that's the direction
the caduceus has chosen. So we do obviously focus in that area of metaverse applications. However, it doesn't mean that caduceus is only limited to those things. Obviously being a layer one chain, it can do anything outside of the niche that we're targeting. Such as, you know, we've got a lot
of working on with AR and VR content creation and we provide that entire decentralized infrastructure for rendering capabilities for AR and VR for content creators. So this enables them to create and distribute immersive experiences more efficiently really and they can store their information
on the caduceus network, just like they were if they were a metaverse application as well as a traditional tech or gaming application. So with that as well comes edge computing and distributed edge storage. We've spoken a little bit about it in the past, but caduceus is working rapidly on getting to the point where we can release the caduceus edge computing
So this is where we offer edge rendering capabilities to content creators for anything 3D, whether it's Metaverse or not. And with that we bring 3D modeling and design, and that comes with tools that we will be releasing for content creators to collaborate, share, and
and then sell their creations through the chain. All that data will be stored itself within the assets on the caduceus network and there will be obviously secure and safe and tamper proof and so on. Is that kind of answer what you're looking for, Alex or what the community was looking for?
Yes, focused on the meta versus itself, but also not limited to those things. That's just the angle that we're marketing and promoting strongly. 100%. I think that's a great answer actually, Matt. I'll never be able to give an answer quite on the level that you can in terms of tech. I'm not the most tech
I think of, you know, in terms of the chain itself, it's got great transaction speeds, as I said in the intro and low gapies, which can be great for gaming and streaming purposes of all the amazing and cool ideas that people are coming up with with ways to sort of intertwine web
free with more traditional entertainment services like streaming and gaming and so on and so forth. There's NFT communities that you can grow and so many avenues and like you say different things that can be done on the chain but it's more so the like you say the angle that we put with the metaverse the metaverse side a bit metaverse centric chain but now I think that's
That's a great answer. Well done. So moving on to the second question. So this one came in, by the way, I should mention, I forgot to mention this in the intro, we do do these community AMAs from time to time. Please do be sure to drop any comments below.
Hello on the post if you have any extra questions and of course we will try to make sure that those are featured in the next community AMA, all of the top ask questions. Anyway, onto the second question. Why was 30 million CMP added to circulation in one day? CMP price was heavily affected by this. Do you have any plans that might
help the price go back up like buy banks or birds, ETC. Can we expect a big marketing campaign from Caduceus? Okay, and that's the never community question. Okay, a few questions that obviously just you just to caveat I'm not I'm not part of the tokenomics team. So I'll do my best to break down the financial side of things, but definitely
I'm more tech focused and marketing side of tech rather than tokenomics, but I'll do my best. So from what I understand per the tokenomics investing schedule that was set out for early investors of the seed and private round, they received 5% of their allocation
at the release date of this particular time. And then any remaining coins at those early investors get, they start three months later by going through a daily claim process. The good news is that many of the investors haven't
actually claimed any coins since the beginning of the tool and in fact it kind of for us it manifests not only their conviction but also produces this conviction in what we're doing and therefore you know the long term value of what could use this has however you know a few weeks ago a couple of a couple of those accounts did claim their accrued coins leading to a
kind of a bigger jump of the circulating supply. Obviously, the circulating supply for producers is quite large. So even though there were 30 million that came into circulation, it wasn't actually as a percentage a large amount at all. And just so the question was, so how the price was heavily affected by this? Yes. So obviously, you know,
these were released on par with tokenomics and the investing schedule as I said. So it shouldn't scare anybody. This was all kind of part of the plan. Unfortunately it did seem that it caused some panic among some investors and some people who hold the coins which led to a bit of a price decrease. And I know that's
leading into the other questions of like, "Are there buybacks and are there burns?" But we know it's a common question among crypto communities. Is there going to be a burning program? Is there going to be more staking programs after the staking program that we had for the last few months? Yes, we had a staking program with
one of the exchanges which was really good there is actually another one planned or another one coming and that will be announced soon which is great. Burn we can't give you an exact date for burn but we can reveal that burns are part of the long term strategy and they will come into play at a later stage and this makes more
When it makes more strategic sense for the project when there's when there's a lot more volume So then there was another question I think you had the relics which is about marketing campaigns for producers Sorry, I kind of threw all of those at you and the last one was Can we expect a big marketing campaign to produce yours if you can sort of show
and in line on anything you might know about that. That would be great. Yeah, I would say yes for that. There are different avenues obviously being pursued. There's obviously the business side of Avenue. There's the sports side and celebrity stuff that's been going on and also the sponsoring of events like Coin Bureau Live, which we sponsored in June.
which is obviously one of the major crypto events in the world. There's also other venues and sponsorships coming up where Caduceus will be in the future and that will be released in Duke horse over the next couple of months of where they're going to be. But we're kind of saving back that larger marketing ammunition for when we're ready for
kind of a larger wider release of some of the more mature products like like cycle and which is obviously the NFT marketplace main net version 2 and then the vertex network which is the edge rendering coming with coming with caduceus and vertex themselves. So those are the milestones that are coming largely in the future and then with those they'll be
some more, some larger marketing pushes. Obviously, there's stuff going on that we're doing at the moment with Lightcycle and NFT around Ian, both who's a very famous cricketer and the release of his NFT. So just watch that's all listed on Twitter at the moment anyway. So you can see all that information there.
Amazing, amazing thanks Matt and mentions for cool points. Definitely looking forward to obviously seeing a little bit more form from light cycle and obviously mainly that V2 talking on light cycle specifically. I've seen a little bit of a glimpse of sneak peak from the team of some of the stuff this
going on there and it all looks quite exciting so definitely look forward to seeing a little bit more about that and I'm sure you guys in the community will really enjoy seeing it as well you can tell a lot of works really gone into it so yeah very cool so this one will definitely be a little bit more up your alley to answer I think
it definitely seems a little bit more tech related to me. So compared to hash graph, someone has suggested that at first glance, Metagraphs may be slightly less secure because of the greater emphasis on speed. What you thought something could point. That's a good one. So I'll try not to go
too crazy techy on the stuff, but obviously they're not mutually exclusive, right? Speed and security are not mutually exclusive. They can exist in the same space. Obviously Metaverse Graph and like assume this is Hidira Hashgraph. They're two different technological architectures, which are, you
and completely isolated and obviously it been built separately by different teams. Obviously they have advantages and characteristics themselves. Metagraph itself is obviously more focused on speed because we feel that to achieve a block chain that can
scale with the demands that can be already serviced by Web2. You need speed as one of your key, volume and speed is one of your key advantages to get that through. It doesn't necessarily mean that things are weaker in security, it just means that you have to take a different approach when it comes
to security and balancing performance. So that's one of the things that we focused on quite heavily, which is get speed to the forefront because if you can't compete with what Web2 APIs can do today, then why would companies or projects use Web3? So that's one of the
things that we're focusing on quite heavily, but it still means that security is very prevalent to us. As I said, they're not mutually exclusive. I think it's something that we look at all the time, and it's something that we look at ongoing to make sure that we're not sacrificing necessary security for performance and speed.
Okay, great. So my understanding of that is you don't necessarily have to sacrifice security for speed, you know, just because you have it. Yeah, I think I think it's a balance, right? You want you want necessary security. That's that's really important. But do you want additional layers of security for security sake where necessary
security is enough? Probably not not a bit of a detriment to your chain and not a bit of a detriment to speed. Okay, no that doesn't make sense. I wish I had a little bit more to ask you on that one but I think the simple explanation is the one that makes sense to my head so we'll leave it alone but no thank you.
I think that answered your questions in the community there as well. So due to the structure of DIG, I think this is against her another community question, but they say I think it is possible to achieve transaction speed of 100,000 TPS or more. Can the speed
be higher in the future if need be. So presumably it looks like they're asking if 100,000 TPS would be the cap or if there is any potential for that to improve. I think this is a really good question actually. So it depends on multiple factors, right? The transaction speed potential of the DAG itself depends
on many things, including the number of network nodes that there are, the network topology, the evolution of the consensus mechanism, and obviously that's going to change when V2 launches, then obviously the transaction confirmation mechanism itself as well. So, where the speeds can be higher in the
future is dependent on all of those things, right? And they work in harmony together. So there is this balance, as I said before, between performance and security. So therefore, looking at how continued decentralization characteristics continue for the chain, we'll be looking
improving performance. So in our tests and volumetric scales, we've been able to achieve 100,000 transactions per second, which is great. So we're looking at ways of how we can tweak and enhance that speed to get it higher in the future. But obviously we have to balance it with performance security, decentralization,
But as the development continues of the tech stack, I think, and competitors to chains out there, try to catch up to 100,000, because they're not quite there yet. We'll be looking at how we can kind of squeeze more out of the chain and the technology that we use, yeah, for sure.
Great. Thank you very much. Again, I'm not really not really too sure. What more I can add to that one is this is difficult one for me always understanding the diagram of that stuff is quite technical. So, you know, I think I'm going to leave it on that one that's.
The next question we have from the community is caduceus claims that the chain will make information more easily accessible and safe. Sharding and P2P data storage is a part of the protocol and I'm wondering how that's safe.
information is being stored locally on miners computers. Let's cover that bit. We'll go into the next, it's a multi-question. That's all right. Let's go through. So this is about