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Cardano Congregation w/ Gen Wealth - Smart Contract Inheritance
Recorded: July 6, 2025 Duration: 1:31:39Space Recording
Short Summary
Angel Finance is making waves in the crypto space with a strategic purchase of Spark air nodes, promising steady income and increased rewards for token holders. The project is also exploring partnerships and innovations in real-world asset tokenization, positioning itself for significant growth in the evolving DeFi landscape.
Full Transcription
Thank you. you It's Charles' fault, it's Charles' fault.
The weather's not nice, it's Charles' fault.
My wife is cheating on me, it's Charles' fault.
But with my banker, it's Charles' fault.
I really shouldn't have invested, it's Charles' fault.
It's Charles' fault, it's Charles' fault, this token is a bubble It's Charles' fault, it's Charles' fault
We never ever move again
But it's Halske's fault
Low-cranity-dark-gold
It's your fault I found that
I found that on Twitter
like two days ago and I could not
help myself
that was special oh my god I found that on Twitter like two days ago and I could not help myself.
That was special.
Oh my God, I freaking love it.
Ladies and gentlemen, welcome back to Cardano Congregation.
It's Charles' fault that we're here.
Shout out to Charles.
We really got nobody to blame but him.
Nobody to blame but him.
Oh, that's freaking awesome. Yeah, so I'll see if i can get a link to that put up uh on the jumbotron if you guys want to listen to it
it's freaking hilarious it's the full version like two minutes long anyways you know charles
is charles is doing a great job. Shout out to the man.
Got nothing but love and respect for him,
especially with all the shit that he has to deal with on a regular basis in this ecosystem.
So just wanted to get a good laugh out of that.
Anyways, how we doing, DeFi?
What's up, my man?
Doing all right, man.
How are you today?
Not too bad, bro.
Not too bad.
Had a nice, relaxing weekend. Didn't even do anything for the fourth of july no fireworks no nothing just hung out drank some whiskey um gonna go float the river
today after the space so very nice very nice yeah it's nice to to take a weekend off for once
i should try doing that sometime.
You should.
You all set up for Rare?
You got everything in you?
Got your ticket yet?
I have everything except my plane tickets now.
Yeah, we're getting there.
Slowly but surely.
What the hell?
It's Charles' fault.
I was hoping to get a ride on his Blackhawk, but yeah, he hasn't hit me back yet, so I
guess I'll have to get a plane ticket.
Damn it.
Getting that man to respond to DMs, bro.
Unless you're Oceanic Goon, you're not riding on that Blackhawk.
You got a good Oceanic Goon to get that connect for you, bro.
He's the man if you want to ride a Blackhawk.
That's the truth.
Oh, bro. He's the man if you want to ride a Blackhawk. That's the truth. Oh, man.
Well, anyways, go ahead and do your thing, Defy.
Thanks, everybody.
Please reach down to your screen and go to the bottom right corner, that little purple bubble.
And go ahead and like and repost the room.
That would be awesome.
Get everybody that you know in here.
Get everybody that you don you know in here get everybody
that you don't know in here get everybody that you might just know a little bit a lot or to any
degree whatever just just get in here you know i gotta say i miss your old spiel dude i really
miss the old spiel it just it flowed it flowed so much better. Like friends, enemies, frenemies, your mom, your grandma, your your neighbor.
Write a letter to your senator. We need we need that.
Charles's fault. Fucking right.
So we got a great show for you today, guys.
So, we got a great show for you today, guys.
I actually had the pleasure of listening to Jen Wealth speak in a space last Sunday.
I don't know if you guys know, but there's this new girl on Cardano who joined up like a few months ago named Aomi.
And she's been hosting her own spaces for a while now, like just kind of dove headfirst into the ecosystem.
her own spaces for a while now, like just kind of dove headfirst into the ecosystem.
And she invited us to a space last weekend where we had the pleasure of speaking with
Jen Wealth.
We were already planning on getting them on the show, but it was really awesome that we
got to connect there first and kind of have a conversation.
So I think you guys are really, really going to like this.
I know a lot of you are really hardcore into actual real-world adoption use cases for blockchain, and GenWealth is definitely going to provide that.
So we'll get into that here very shortly. First of all, a couple of updates. It has officially been announced in the Discord, so I guess I can go ahead and say it now. The entire Angel Finance team will be at
Rare Evo this year. That includes Baracchio. So we're bringing the whole gang. We're all going to
show up deep. We're going to have some merch for you guys. So if you are an Angel holder and you
are coming to Rare Evo this year, make sure you come and hunt one of us down won't be hard to find us we'll be rocking
some angel finance merch and uh we will have a little something something for you guys as well
so it's going to be a really really good time i'm looking forward to it uh let's get into
the huge our weekly report all that good stuff. Give me a second here. As usual, I'm a little bit lagging behind.
So if you guys have been living under a rock or anything in the last week, we made a pretty substantial purchase with the Treasury.
We went ahead and linked up with Bank and Haskillion, and we made a purchase for 1,777 Spark air nodes.
The reasoning behind that is that it is a steady stream of income for the project for the next 14 years,
barring any technological issues or damage or anything like that.
We did get those insured.
So even if they do get damaged, they will be replaced, which is absolutely fantastic.
But based on current projections, don't take this to scripture or anything like that.
But we're looking at we're looking like at a at a ROI on those in the high 30% range for the next 14 years.
So we think it was a great move for the Treasury.
ADA could have been a little bit higher, in my opinion.
I kind of argued that point, and I think some of our community members did too.
Shout out to the guys in the crowd.
You know who you are up in Barakiel's DMs telling them you should have waited a little bit.
I agree with you. But we pulled the trigger anyways because we want to make sure that
that steady income is coming into the project. We have also made some, I would say, pretty
substantial additions to some LPs out there, including the Strike LP, the Snec LP, the Iagon LP, and the Flow LP.
To say that we are eating off of those right now would be an understatement. We are doing,
I would say, pretty damn well on all of our yield farms at the moment. So shout out to Barack Yael
for doing the digging, doing the research, looking for the best place to put those treasury funds and start earning for us.
We are once again back to lending on Levy, of course.
Why wouldn't we lend on our own platform, right?
Raise our TVL, but also be earning off of that interest.
So from everything that Barakio is saying, we are on pace to have about the same distribution that we had last month.
So I know when we talked about doing the token sale, we said there was a possibility that rewards might be a little bit lower this month.
But we have been absolutely crushing it.
And there is a very real possibility that you should be getting close to the same rewards that you got last month versus lower.
When August rolls around and we have had the Treasury working for a full month, you should expect those rewards to increase pretty substantially, as we promised in the Discord.
So things are looking good as far as payouts are going. You guys should
see a pretty substantial increase in rewards in August, which I think is going to be awesome.
And then once we get the full distribution from the world mobile token or from the world mobile
air nodes, that's just going to help us out even more, especially if we get a
nice little ADA dip right around the time that we convert that. So we'll see how all that goes.
All right, let's get to tap tools, see what's going on over here.
Current angel price is 3.10 ADA per angel. So we are still sitting up above
1.0 ADA per angel. So we are still sitting up above sale price, which is nice. We've had a
couple of dips here and there, and that's fine. But I think Crypto Stonker says it best when he
says that angel is a stable coin, at least until those payouts start increasing. So if you guys
want to accumulate, now is probably the time to do that. So 684,000 ADA in liquidity, 3.1 million ADA market cap, 1,036 holders with 11.04% of the angels in the liquidity pool.
So plenty of angels out there for you guys to accumulate if you want to do so before things really start taking off.
Once we start getting an increase in rewards in August, once Levy V3 is in test net, once World Mobile starts coming in, once lending picks up on Levy after V3 is live on main net, I don't think 3A to prices are going to be around for much longer.
mainnet, I don't think 3 ADA prices are going to be around for much longer. Anybody who saw us at
our peak when we were paying out pretty substantial rewards, we were at anywhere from like 9 to 12
ADA per token. So not financial advice, but I have a feeling we'll eventually see that again
as we push out more and more builds with Levy
and continue to increase our treasury with yield farming.
So just something for you guys to think about.
DeFi, am I missing anything, Broski?
I feel like there's been a lot going on this week.
Yeah, no, nothing's jumping to mind, brother.
I think you covered it all.
That's great. That's great.
That's great.
It's been a crazy week.
So, all righty.
Well, I guess we'll get into it here in a second.
First, John is up on stage.
John, did you have something you wanted to add before we turn the stage over to Jen Wealth,
or are you just kind of here for visibility and engagement, my friend?
I'm just using you guys to,
show my,
show myself.
I'm just,
wait,
where's my mute button?
Damn it.
Damn it.
you're,
yeah,
I think,
I think we're going to,
we're,
we're going to have a good week.
That's exciting to hear about the Sparknodes purchase.
I'm going to ask you guys about that behind the scenes.
But, yeah, I mean, I think the tokens of steel,
like we've never taken any angels,
ADA rewards from angels like, you know as a team so we're
looking forward to that like getting some some aid and rewards as a team and um you know the
liquidity uh that you guys have put on c swap decks has been been uh super helpful and performing
well and we're going to continue to work with you guys
and get feedback from Barakio
on how we can
ensure that you guys are maximizing
your
principle there.
In terms of where you go,
do you guys have a booth?
Fuck no, dude.
No, we were guilted
into getting one.
Devorin hit me up in DMs
multiple times and he was like,
it would be super awesome if Angel had
a booth and all this other stuff. And I just kept
telling him no. I don't want to
be locked into a booth, bro. I'm a
roamer. I like to walk around. No, I do too.
I do too. But we're going to have a booth, bro. I'm a roamer. I like to walk around. No, I do too. I do too. But we
were going to have a booth this year.
I have the same
thing as you. I like to walk around
and I told
my team that and
maybe we can, I don't know,
we're going to be looking to buy somebody
to me in the booth at all times.
But, you know,
for free. Yeah, you just need people to
swap out right like and that's that's cool but it's also like it's dude it's fucking expensive
bro like yeah so i'm gonna be out there representing angel and bank this year and i've been like i've
been in the background with bank and he's been talking about how much it's actually costing to
like set this booth up and
everything else and i'm just like why in the fuck would you spend that much money on a booth like
are you actually going to get that value back from the convention right like you know like tens of
thousands of dollars to have like a nice booth set up are you actually going to get that back
from from going to the convention whereas you could just walk around, you know, I mean, with like some leaflets or pamphlets or even word of mouth.
Like, I would rather look people in the eye on the convention floor and have a conversation with them about angel finance and levy than like just be standing behind a booth waiting for people to come to me.
Just doesn't make any sense.
Yeah, no, I agree with you. They like like I don't know we got we got a deal like so they really wanted
us to have a booth I think there could have been some founding entity influence
there or something I don't know but in any case you know if you guys need a place to chill or whatever, our booth is definitely open to you.
And I'll be happy to help shill some angels.
You can bet your ass I'll be coming over there to harass you, dude.
You can guarantee that.
I'm going to come stand behind your booth, and I'm just going to give people the wrong information about C-Swap the entire time I'm going to come stand behind your booth and I'm just going to give people like the wrong information about C swap the entire time I'm there.
That's hilarious, but we're going to get like a 75 inch like TV or something.
Like, and that's going to be our sign, but we can, we can demo like anything you guys want to demo or just, know if you want to play the levy um video or
whatever like of the new v3 or whatever we can do that i'll tell you this right now john if levy v3
is not live by rare evo you can bet that i'm going to kick the shit out of clark and the entire save
team oh you can guarantee that oh so you're thinking it's gonna be live like within the next few weeks
we're hoping so yeah i mean well yeah we're looking at i mean fuck testnet should be any
day or at least that's what we keep hearing um if you check the dev updates in the discord testnet
is like on quote unquote on the horizon whatever the fuck that means. Um, so if anything, like if anything, we're,
we're either going to be like transitioning into main net right when, so we want to run test net
for about two weeks, which I think is plenty, like even two weeks might even be too long.
Um, we're in the middle of our audit right now with Anastasia labs. I can say that publicly
the audit is, is is happening right now.
So it's feasible that we could be either ready to launch mainnet at Rare Evo, which I think would be perfect timing, or maybe just right after Rare Evo.
Well, if there's some sort of, like, little – we can get a little gaggle of people together and just say, oh, we're going to show the Levy V3, like, at 1 p.m. or whatever.
And just go around and tell people about it.
Yeah.
I'm down with that, dude.
Yeah.
I mean, I'm going to be bringing my laptop, dude.
So, even if we're not ready to launch Mainnet yet, I could probably still get access to Testnet while we're there.
Even if Testnet is over, right, I could probably still get access to it.
So we could show off plenty from Testnet alone, I would think.
But that would be fun, you know, for all of us to get together and talk about it and get some
people together, you know?
Absolutely.
Live demo, let people
wreck themselves.
Lending and borrowing
back and forth. I'll test that.
I'm going to default on DeFi.
He's going to borrow all of my
angels and I'm going to default on him and then I'm
not going to have any angels left.
Well, I'm excited. I'm excited to hear from Jen wealth because, you know,
the health of Web3 founders, you know, is not great.
So, you know, something were to happen to me.
I want to know, you know, how I can get all my assets to my daughter.
Fucking facts.
Before we do that, though, you did remind me of something that I failed to mention.
We do have the ability for you guys to add to the liquidity pool on C-Swap and still be able to earn your monthly distributions from Angel Finance.
Thanks to C-Swap and the API that they created for us, you can provide liquidity.
We get a snapshot from them every month, and that still gives us the ability to give you
your monthly distributions directly from Angel Finance.
So not only can you earn from us, but you can earn from them at the same time.
I believe with the amount of people that are providing liquidity
right now, you're looking at about a 22% APR for providing LP to the Angels pool on C-Swap.
And people are taking advantage of it. We have 43 people participating in our liquidity pool over
at C-Swap right now. So that means that they are earning C-Swap tokens for providing LP.
So that means that they are earning C-Swap tokens for providing LP.
They are earning trading fees for every trade that happens through C-Swap and ADA and Angel token.
And then if they take those C-Swap tokens and they turn around and stake them or provide LP for C-Swap, they can earn even more.
So something for you guys to think about if you have not provided LP yet or you need some
assistance with doing so, feel free to swing by the Discord and talk to anybody on the team at
any time. We'd be more than happy to help walk you through the process, let you know about the
risks and rewards and all that stuff that comes along with that. So all righty, here we go. So
GenWealth is a pretty amazing project. I'm really looking forward to
you guys hearing everything that they are building. This is definitely a real world
adoption case that I think a lot of us are going to need. Like John said recently,
Web3 founders aren't the healthiest people in the world. It's very possible that I could have a
heart attack tomorrow from all the stress that you guys put on me. So I want to make sure that my digital assets go to the right people.
So, GenWealth, first of all, welcome up to the stage.
Is that Raphael behind the PFP there?
Yes, yes it is.
Thank you for inviting me.
It's great to be here with all of you and to see such a lively community. You
guys do a great job. Can you hear me well? It's great to be speaking to you again, man.
We had a really good conversation last weekend, and I think there's a lot of folks here in the
space that weren't present for that, and I think they're going to be really, really interested to
hear what you guys are building.
Before we get into that, though, I want to talk a little bit about you, if you don't mind.
I was digging through your guys' website, and I noticed that you have been a streamer for a pretty decent amount of time creating videos, specifically targeting Cardano. So why don't you talk a little bit about Decentralized Nation before we get into GenWealth and your YouTube page?
Yeah, sure. Now, unfortunately, now I cannot find the time to do it. Let's say I always did it as a
hobby because I thought it was really important to share more about what's happening here on Cardano
and educate people about this technology and all the great projects here. Unfortunately,
right now I cannot do it as much as I wanted. But basically, and as a summary, I started investing
in Cardano and into the ecosystem in 2020. then after a while i wanted to find a way to
contribute more i started contributing to project catalyst which i still do as a reviewer and
milestone reviewer and all of that also contributed with this decentralized nation channel where the
purpose was to educate more people about web 3 but also to share what i cared about and and what
it was what i was researching so it was always very i'll be like let's say and um after a while
and um as part of the development and growth in cardano um and after taking a course as a Cardano full stack developer, I found a partner to start GenWealth, to start this idea because I had a few people in my family who passed away earlier.
And that made me think that if I passed away, most of my crypto, most of my wealth that unresponsibly is in crypto would just be gone and I would have no good way
to pass it on. So I tried to find solutions. I didn't find anything I felt comfortable. So
yeah, I thought that was the motivation I needed to go build it.
Absolutely. Absolutely. I mean, you know, passing things along to your family is extremely important. And I think, you know, I've had a lot of situations in my life where I've lost family members way earlier than I thought that I was going to. Right.
really know when it's going to happen. Even with yourself, you could be the healthiest person in
the world and get hit by a bus tomorrow. Not to sound like morbid or morose or anything, but
it's a fact, right? So being able to take care of your financial assets, both in the real world
and digital, and being able to pass those along to your children or your wife or your mistress,
if that's your thing, it's important, right? And digital assets
are growing on a regular basis. It's not just crypto, right? It's your financial accounts,
it's your media, like digital photos, videos, music, eBooks, if you're a book.io or a
stuff.io kind of person, right? I've got a friend who's like a diehard digital book
collector, and I'm sure he would love to be able to pass those along to his family, right?
And then you've got things like your online businesses, websites, blogs, monetized YouTube
channels, right? Domain names, social media accounts, your cloud storage. I mean, there's so many things that you would have
to pass along to your family that being able to do that digitally makes it so much easier
for the user, right? So let's get into this a little bit. Let's talk about how this is going
to work for starters, right? So you came up with the idea of basically creating like digital wills.
So let's tell the community here how you plan to implement that
and make sure that these transfers of assets happen trustlessly.
Yeah.
All right.
So our idea is to create a solution that is hopefully really secure and that you guys are crypto users and any wallet you prefer to use and besides
managing your assets normally being able to spend them to use them however you
want even in DeFi you're going to be able to leverage the smart contracts to
create your blockchain will where you create beneficiaries you define which
assets you want to go to which people. You will be able also in
the future to define the triggers for this inheritance process and we plan to provide you
with a few different triggers. And that's the idea is for you to have like a wallet,
but with added capabilities of inheritance and also of recovery.
Using the same smart contracts, you can create a recovery plan with safety wallets and all of that
for you to be able to recover the access to your crypto in case you lose the C-phrase.
So it's a way to be prepared and hopefully to have some peace of mind and not be worried
about these kind of topics and also to leave your assets and your crypto without having
to put to share your seed phrase, to put your assets at risk while you're alive.
You'll actually be able to do it through this blockchain wheel in a way that can be compliant
with your law and your jurisdiction, you have that power to make it compliant and that flexibility.
So I really I really dig the idea of being able to like restore your own seed phrases, too.
Right. Because like, let's be realistic. We're not all the most organized people in the world.
Like, let's be realistic. We're not all the most organized people in the world.
Unless you're my wife, you know, she's like a spreadsheet kind of person, like everything in its place type person.
Or unless you're like DeFi, who actually like tattoos his seed phrases on the inside of his right thigh so that they never get lost.
You know, like me personally, like I write my seed phrases down.
They go in a safe right next to my guns where they belong.
But not everybody does that, right?
Some people, I've had conversations with people in the last four years where they have lost their seed phrase to a wallet.
And that wallet had valuable items in it, right?
So what do you do when that happens?
You either find your seed phrase or you're basically shit out of luck.
But what you're saying is, is that they can basically create like a trigger or a timer on that wallet.
Say they don't make a transaction in a month or two months or something like that.
Then that smart contract automatically triggers and it sends that it sends that to a new wallet which you would have access
to with the cphrase right yeah it doesn't automatically send fortunately uh it's like
you if you have access to the other wallet you'll then be able to claim it from from the smart
contract so you just connect to the app with this other wallet and you will be able to claim it with one transaction but uh the money just to to clarify
is not sent automatically it needs your is there going to be a point in the future where where
that's possible because i know we we had a conversation last sunday right about the
possibility that you know whoever you decide to leave leave your assets to may not necessarily be tech savvy or capable of, you know, going to a website and creating that transaction or anything like that.
So, like, is there a possibility in the future where that smart contract would be able to automatically execute and just send those assets where they're supposed to go?
and just send those assets where they're supposed to go?
Yeah, so the thing is in Cardano and the way Cardano is built,
you always need to have someone triggering the transaction, right?
Someone needs to sign it and then the smart contracts validate.
It's not automatic.
You can go over that if you have, for example, an AI agent
and it could do that for you as long as it has the
funds to do so but for the case of non-tax savvy beneficiaries um the idea for us right now in the
first stage would be to have a service for them that we are building with a clear contract where
we just assist them in that process of claiming the
assets, selling them and ensuring they get the value. And with that service and that contract,
you'll have a two times liability clause, where if the heir doesn't get like exactly what you left
them, then they could actually request to be paid twice the amount they stand to inherit.
to be paid twice the amount they stand to inherit.
But automatically without using an AI agent
or something like that on Cardano wouldn't be possible.
But I think that's a good thing, you know,
like you want to make sure, for example,
that your beneficiaries are alive.
You want to make sure that they will actually get the money.
So imagine you just transfer things automatically
to a beneficiary and then
i don't know he would have lost access to that wallet or he would not be alive anymore or
something like that um that would be a huge problem and a huge risk right so what we do is that
you have the capability of setting beneficiaries right and you can even set conditional uh like
beneficiaries where for example imagine your first beneficiary doesn't
claim the inheritance for some time you can actually set another beneficiary that will claim
it afterwards and this way you can ensure that no matter what happens your assets will like will go
exactly where you want them to i could see a lot of uh family drama being caused by that. We were just having a conversation in Discord about how people aren't always tapped in to what's going on.
I could imagine there being a month-long trigger or something like that,
where somebody else gets the assets instead of the person that they were designated to,
and then there being a big cat fight in the middle of the street because somebody didn't check Discord for a month.
Sorry.
We can avoid that if you want.
So like one thing that we offer, of course is optional.
So it's up to you, but you can actually put the email
of the beneficiary to be notified
if you want something like that.
So it knows when he has to claim.
You can also create an executor token which is someone will have executor powers after the the wallet comes
into the inheritance mode and the executor can help also contact the beneficiaries so there's
a lot of ways you can help being prepared to avoid that and even leverage professionals if
you want to help with that part but then it's it's up to you like if you want a solution without
executors and completely just no intermediaries just a smart contract nothing else you can have
that if you want to leverage people to help in in other scenarios you can also have that. So the idea is to be very flexible and then you can choose what you prefer.
So, you know, I got to say, it really feels weird like asking you all these questions because all these questions were asked last weekend.
But there's a lot of folks here in the room that, yeah, I know.
There's a lot of folks here in the room that haven't actually heard all of this stuff covered.
So I'm going to ask them anyways.
So let's say that, let's say that you want to pass along like a message or something
like that to, to your family through, through this.
So are you guys looking at ways to where like you could you could basically have like a
like a will inside of your wallet that could be only be opened by like a specific application
like say maybe you guys do like a collaboration with like book.io or something like that right
because they have they have encryption on their stuff um So like I write up a living will, right?
I put that in my wallet.
Nobody can see that unless they actually have my stake key.
They go to book.io and then they unencrypt that and they're able to read it.
Do you guys have anything like that in the pipeline?
Yeah, it's funny.
It's funny, this question because we we talked about
it and even your your question was already showing everyone the answer but yeah that would be uh
something that we will be definitely explorer exploring as you mentioned exactly i think with
the technology of book io where you can basically what they use it for is to create a book and then
where you can basically what they use it for is to create a book and then only the the asset owner
is able to see the content and if you want others to see the content you just send them the book
or load them or sell them or sell it um in in our case we want to use that technology and we can
easily do it for encryption of any documents right anything you want to write passwords instructions you could write the will but hopefully you also write
the will automatically in the smart contract and people will still be able
to check it as if it was written in something else but yeah any information
that you feel is relevant and you want to share, you could put it in a document like that.
And you could just make as many copies as you want, even if you want to make several copies.
And then you just attribute it to beneficiaries.
And using our smart contracts, they would just go to the beneficiaries or to the executors.
And they would be able to see all the information you want to pass them.
So, yeah, definitely that would be something that we think is very useful
and we could already do combining these two technologies.
Yeah, and I think, like, it's really important because I see you, Luddite.
I'll get you in a second.
Like, Gold Rush brought up a really good point last weekend, right, that the people that are getting access to this stuff may not necessarily know like where you're staking assets, what assets to sell, what assets to keep that are like revenue generating or yield generating.
Like being able to encrypt a message to send along with all of that stuff, to explain to them like what websites to go to, what passwords they need to access things and have all that encrypted.
Because if it's not encrypted, I could just look up somebody's pool.pm wallet and just read their will if I wanted to.
if I wanted to, right? So you definitely need some sort of encryption on that. But
So you definitely need some sort of encryption on that.
you know, the other side of that is, is that if you guys are spending all this time in the
digital world, whether that's crypto or whatever, you should be educating all of your beneficiaries
on this kind of stuff, right? That way, they don't have to worry about going and reading this long
laundry list of steps to get access to your assets.
Like if you have children that you're going to be leaving crypto to, you should be teaching your children about blockchain.
If you have a wife that you're going to be leaving crypto to, well, maybe not.
You don't want you don't want your wife to know all your wallets. Right.
You got it. You got to be kind of careful about that. But you get my point, right? Like the point is, is that you can leave those instructions, but they should be educated enough to, number one, be able to understand them. Number two, be able to execute them. And number three, be able to utilize those assets to benefit themselves after you're gone. So what's up, Luddite? Welcome back, brother.
Oh, what's up, Luddite? Welcome back, brother.
Hey, good morning. Hey, I'm glad this is a space today because this actually strikes really close to home for me right now.
A number of months ago, my dad passed away. the executor and the amount of colossal pain in the ass she has had to deal with trying to
divvy up just stuff like for example whatever financial aspect whatever financial
holdings he had are in limbo for, I think, 100 days or something.
There's some magic number that has to stay in limbo to allow all the cocksuckers in the world
a chance to climb out of the woodwork and stake their claim, you know, in case you owed any money or whatever.
So this tool that the GenWealth guys are coming up with, this to me is exactly what the world needs.
It's this kind of art, the real world asset stuff.
I see in the crowd we've got Destroy, we've got Terameka.
These guys are all guys that are dealing and dabbling with different aspects of real world stuff.
And this is what this space needs. Cool art is cool, I guess, but it has to do
something, you know, and this is what we need right here, this kind of thing. And as for teaching the
kids about crypto and wallets and, hey man, that's a lot easier said than done.
Both my daughters are of the age that nothing cool comes out of dad's mouth.
So, I mean, I don't know how to do that.
This has to be idiot proof.
Do they like money?
Do they like having money, spending money, and making money?
Yeah, they especially like it when it's not theirs.
But to try to teach them anything, they're not going to listen to me, you know, because I'm dad.
Yeah.
So what you need to do is find, like, a really hot crypto influencer that does YouTube videos.
If they're girls, right?
Just find a really hot crypto influencer that does youtube videos and then just have them watch that they would drive
spantron to distraction that's that's a difficult thing to do
what you can do is just uh make them do things and and give them a little bit of crypto in the end
if they learn how to sell it then they will get some instant money free money that's not theirs
i think that's a pretty good incentive i would say that's true and then they can learn about
crypto taxes in the process well hi brother i miss you man you're eloquent as always it's great it's great to have you up
here um so you actually but you actually brought up a really good point um so real world assets
are becoming a pretty major player in blockchain right whether that's uh digital gold or digital
silver or digital platinum which you can find on C-Swap right now,
Pokemon cards, Magic the Gathering cards, commodities, you know.
So the ownership of those are going to end up being digital by the time you're ready to pass all that along to your children, right?
you're ready to pass all that along to your children, right? So imagine being able to pass
along, you know, a couple ounces of digital gold or real world silver coins or something like that,
that they could actually claim and have ownership of and use however they see fit, you know, after
your passing. So real world assets are going to be a super, super important thing in this, I think. But it's also going to be, in my opinion, like really soon, things like digital records,
right? Like, you're going to be seeing like, people's entire histories, you know, photographs,
you know, like, your, your home title, your car title, all this other stuff, they're all going to
be, they're all going to be on the blockchain eventually.
And that's probably going to happen before a lot of us see our end.
So imagine being able to pass all that along without some sort of intermediary to your children and just being able to give them complete ownership of that almost immediately as soon as they can execute that smart contract.
And then you don't have to pay people to be executors or you don't have to pay people
to handle your will.
You get to basically remove all those grimy attorneys out of the equation.
I think it's a fantastic idea.
But let's be realistic, though. There are a lot of, as GenWealth so eloquently put it last week, there are a lot of legal things involved in moving assets around after death. as far as like how you guys are handling the legal side of this?
And are you guys going to be compliant in every country or are you going to be starting out in certain countries
and then kind of trying to branch out from there?
Yeah, that's an awesome question.
And yeah, we can share a little bit about that.
Also, on the point that Luddite was making,
I think it was a very important point as well. and i just wanted to highlight it in the sense that you know the
inheritance industry is very boring i don't think uh before doing this i ever thought too much about
it and maybe because i i worked in it a little bit before so that's the first time i thought about it
but before that you know it was not even something I would imagine myself working on.
But the reality is that the current inheritance processes are really like awful and they take a lot of time and they take a lot of money.
You know, it's estimated on a global basis that around three to 10 percent of the inheritance goes to costs and costs with everything related to executing the assets and
making sure you get all the assets you get the right beneficiaries you transfer everything
correctly it's it's a real pain and with blockchain technology with using a blockchain wheel
where you can identify the beneficiaries beforehand where you can identify all the assets and the ownership
beforehand and program their transferability I think that's that will
save a lot of time and hopefully a lot of money as in terms of compliance we
have been so I've worked previously in the inheritance industry in a startup
that we're developing web to wheels in the uk and um we've been working and getting
feedback from the first version we had on testnet from inheritance firms and we've also have been
working with lawyers in this process and we've built our application in a way that is compliant
with any jurisdiction so it can be compliant.
You have the power to use it considering anything you need. So for example, in the US, if you
make a will, you have a lot of freedom to do anything you want. But in other countries
like Europe, that's not quite like it. Even if you make a will, you always need to leave
a certain minimum percentage to your wife leave a certain minimum percentage to your wife
a certain minimum percentage to your kids you also have taxation which you can also plan at
with our application so you have to consider a bunch of things but you can use it in a compliant
way if you want to do it yourself and now in this second version we're building with this executor token, you can even get help.
And the executor can help you be compliant with the divisions, with taxation and everything within your will, which I think is super useful.
Maybe what I can share as well is that in this first version, and we already spoke to lawyers about it, we are using a proof of
life, right? So you create a deadline that you set whatever you want. For example, once
a year, that would be what I would use for myself because it would be super easy. You
just go there and once a year, you know, you have to update it to prove you're alive. But
this deadline also gets updated automatically whenever you use your assets and this means like
any kind of transfer or anything like that and it also gets and you can also update it manually so
you have that flexibility in freedom and that is a specific let's say that that is compliant
um let's say that that is compliant with law in an easier way um as for
more specific comp like other ways other triggers uh we're also thinking about doing a system where
you have verifiable credentials and identities and when whenever someone dies you just go through
the normal process you present the documents that you need to present.
There would be a verifiers marketplace.
They would verify it for use and a verifiable credential that would approve that death.
And then the smart contract would execute the inheritance.
But for that service, it's a bit more complex.
You have some requirements you need
to share unfortunately in many countries some personal information with the state of the
individuals using this so it's a whole different system but it's also a system we saw from our
community some demand so it's something we'll also are willing to create and will create based on the demands of certain regions because it's a bit more complex.
But the idea is that you'll have these different triggers and everything will be legally compliant.
So what I'm getting is, like, depending on where you live, you may still need to involve lawyers, at least in some form or fashion, so that you are ensuring that you're actually following the legal background for inheritance in whatever country you're in.
But you don't necessarily have to have them handle the actual execution of that as long as you're
following everything properly from a legal standpoint.
Yeah, you don't necessarily need, it's just another assurance, you know, like if
you want to go and learn and do it yourself, you can. Even in like in most
places of the world, around is certainly around 30 jurisdictions,
you have the freedom to do your own will.
You just need to make sure that it is compliant
or else people can come to court
and they can contest it like your beneficiaries.
And then there is a dispute about the assets.
So if you feel empowered to do it yourself, if you want to check the
rules, which is everything is online and it's easy to do, it just takes some time. You can
do it yourself and you don't need lawyers. But if you don't have the time, if you don't,
if you prefer to have an expert or you want to do something really complex, then definitely,
yeah, evolving lawyers in the process of creating a will, that would be very useful.
And as you were mentioning, yeah, for execution won't be needed,
like in the sense that the smart contract will execute everything.
Yeah.
I think the only issue with that is that you're asking a bunch of crypto degens
to do their own research.
And we know from years and years of being in this ecosystem
that that doesn't happen. I haven't read a white paper in years. I haven't even read our white
paper, to be honest with you. No, I'm joking. I'm joking. Seriously, though. You can learn about
this stuff yourself and take care of it all yourself. But if you're one of those lazy DGenss like me and you don't do your own research, it's very possible that you will need to seek
legal counsel to make sure that everything is on the up and up. What's up, Andrew Gold West East
Sideberg? Hey, hey. I kind of have two questions. So will your website be so intuitive, basically, that like my estate planner, like I can just go sit down with my estate planner and then send them to your website and they know how it all needs to go down.
Right. Because they're in my jurisdiction and they know what what I'm doing, like what I got going on.
Would they just be able to kind of augment like whatever you're doing to whatever my game plan really is? Right.
Like, is it that simple? And then my game plan really is right like but is it that
simple and then my follow-up question is uh totally unrelated um you know you were talking
about these triggers and i'm curious since i'm getting airdrops every month from angel token
uh does that is that considered wallet activity or do i have to sign a transaction before it
becomes wallet activity because i'm just afraid that my angel tokens
could keep my dead man switch for me.
And I'm not super technical with all this stuff.
So if you kind of explain that, that would be super sweet.
Yeah, no, great questions.
I can start by the last one
just because it is simpler, I guess.
Yeah, you basically,
it is wallet activity that you trigger, right?
So anything you receive on your wallet
won't count right because you could have i don't know scam tokens being sent to your wallet any
kind of things so you couldn't really control that is more the actions you do yourself right
like sending some assets or something like that so that's what would be counted for
um in terms of the easy to use by inheritance professionals.
Yeah, that's what we are hopefully going for.
And I can even explain you a little bit of the process
and what we got already from the first interactions
we had with lawyers and some firms
that we had the chance to test our first version.
Well, in the first stage,
what we are doing now is that we are doing this second version
that we want to send on Testnet.
And the second version
will have updates like this,
automated, like checking
when you're doing a transaction
to update the deadline.
We'll have all these features
related to the executor,
which is something we didn't have
in this first version.
And we'll allow for all of this. But besides, so when we launch, related to the executor, which is something we didn't have in this first version and will
allow for all of this.
But besides, so when we launch this second version on mainnet, it won't still be fully
ready for lawyers.
For lawyers, what we are going to do is that we are going to also integrate an inheritance
compliance calculator that is for lawyers, but will also be for normal users.
That makes a lot simpler the process of getting the valuations of the assets, getting the information from the blockchain and be able to check that everything is fine. And on top of that, we also plan to offer them tokenization solutions, hopefully in
partnership with other companies that do tokenization to make it real easy for them to tokenize
real world assets to be managed through this process.
So once we launch, there will still be some minor additions that we're going to do in terms of technology to be completely ready for lawyers.
But the idea is that that is going to be super simpler.
We also get in touch with lawyers.
We'll offer the information, the commentation, get their questions.
and get their questions and also the idea is to improve the front end according to the
needs and requirements of these inheritance professionals.
So while I cannot guarantee it's going to be perfect, we do plan to keep improving it
and make it easier, every time easier for these professionals to use it. Yeah. But in terms of how it works,
yeah, our solution follows what already happens
in the real world.
It just leverages blockchain to simplify and automate
many of these situations,
also to have the data there in a more secure
and untemperable manner.
But the process is the same.
We are not reinventing it.
You know, I can tell that you guys are taking this extremely seriously
because you're already able to answer pretty much any question
that's being thrown at you in a space.
And a lot of these questions from myself and from Andrew last week were extremely technical,
which means that you guys are asking these questions of yourself already.
And you're out there in the world working on getting the answers that you need to make
sure that it's all taken care of.
So I can definitely appreciate that.
It just shows that you guys actually give a shit about what you're doing, which to me
is extremely important, especially when dealing with something as technical as this.
So we got the Foltz up here.
What's up, brother?
You got a question for Denwell?
Hey, sorry, I got hung up there.
You hear me all right?
We sure can.
Yeah, this sounds like a really cool project and everything.
I got a multifaceted sort of question and kind of both a couple here.
My first question is, what is your guises as a company main driver of revenue?
revenue
All right awesome yeah
All right, awesome.
What we are thinking of we haven't the we don't have yet the business model set in stone
But what we're thinking of is to have a similar
Business model to what already happens in the real world, but with cheaper costs
So we see that in web 3. There are already some already some inheritance solutions, but most of them are
Asking for subscription models
which I think is a bit of a friction and I see a lot of people and talk to them and they don't
Like to be paying every month for something like inheritance
So we want to go back to what is already used in the real world, which would be there is
For the wallet features and everything.
There is no fee, just the blockchain fee itself for the actions related to setting up your
will.
There would be a fee, but not that much like small fees. And then like it happens in the traditional inheritance,
whenever there is the execution of the assets,
there would be also a fee
whenever the smart contracts executes the assets.
So that's the idea is to have just a fee for the wheel creation
and a fee for the will creation and a fee for the execution.
Gotcha. So still seems like a lot to be worked out there.
My next sort of thing would tie into what Gold Rush was sort of saying as well is
in this ecosystem, a lot of people, you know, provide liquidity, as we know,
as we know, and have things on DEXs that are providing passive income.
and have things on DEXs that are providing passive income.
Now, if this quote unquote contract is set up while a lot of these are going on,
where is that line drawn as far as what can get implemented into that contract
if there's stuff sitting on like levy or something like that?
Yeah, so that's pretty awesome.
In the second version that we're building, it's going to be more compatible with DeFi. It's another reason why we're going for it. Why? Because in the wallet, you're going to be able to define the beneficiaries and you can define specific assets for them. can also define percentages so that everything that is left that you haven't specifically
identified to give to someone will then be divided in a certain percentage that you defined
across the people you set.
And in terms of DeFi, if you have a token to represent your position that can be stored
in your wallet and is more easily transferable you also have
the potential to create that document to explain anything you want to explain to your family
members and besides that and one of the reasons we have the executor token is that one of the
permissions you can give an executor which can be whoever you want. You have four different types of permissions
that you can give them.
And one of them is to close any DeFi positions.
So when the wallet enters the inheritance state,
if there is that permission,
the executor could close these positions,
the assets would go back into the wallet
and your beneficiaries would receive it.
Awesome. That explains a little bit there. It seems like it's getting there.
I think my biggest concern with all this, I'm sure you can hear some of my hesitation in these questions and stuff,
because it seems like you're providing much more of a service than actual functionality as far as like on-chain and everything, which is great. We definitely need more education and more
services within this ecosystem to help people navigate things. So that definitely is important.
My only concern, really biggest concern initially is lawyers. Everything seems to be cut back down
to documentation, proof of ownership, ultimately left up to interpretations by lawyers in our
court system. So I'm wondering if it's on any sort of roadmap or has been talked out in the
plans or anybody out there really getting together a coalition of lawyers in certain jurisdictions
that could help benefit. I don't know if you're planning on like a token later on to maybe, you know, proceeds from litigations and things, but ultimately to help, you know, drive,
you know, sensible regulation around these sorts of things and people not getting taken advantage
of with, you know, seemingly great products that you sound to have. But ultimately, I think it's
going to be left up to lawyers and interpretations and things. So I'm wondering if you have any plans,
anything in the roadmap to kind of gear up for that.
Yeah, so that's a good question.
And also just, yeah, to clarify all these solutions, all these things, they are done like through the smart contracts,
the intermediaries and you don't need us for anything.
What we try to provide is services to help in what is not possible to do or what, like, to assist either lawyers or your beneficiaries whenever it's needed, right?
Because the reality is that a lot of the fallbacks on some of these Web3 solutions is the lack of support or educational capacities for the people that are using them, right?
But still, it is just education in the sense that people will still be the ones
that need to execute it because it's self-custodial.
And even that's another point, you know, as I told you,
our solution can be compliant, but it also can not be compliant.
Let's say if you use it in an uncompliant way, there's nothing we can do to stop you.
We can just advise you.
I guess maybe can you explain again?
Maybe I missed a little bit of that.
What makes it compliant and what makes it not compliant?
Okay, so the compliance depends a little bit on the country and what are the things you need to take into consideration.
Some countries need to take into consideration things like inheritance tax tax right and depending on the country
the inheritance tax can be from the state so you have your overall assets you look at them you take
a percentage for tax and then you distribute the rest or in other cases actually up to the
beneficiaries whenever you receive something,
then the beneficiary itself has to pay the tax.
So it depends on how it's organized in the countries,
but those are the two main ways.
And then you have other things like in some countries,
regardless of your will or your wish,
you have certain percentages that you need to ensure that you give people.
And if you don't give them that minimum percentage, then your will can be contested in court and it can be annulled, basically.
Right.
So that's my biggest fear with things.
Yeah, I get you.
I really appreciate your time.
I won't take up too much more here.
But, yeah, really, I think, you know, my mind's racing on this coalition of lawyers around something because, you know, this sort of thing, as we enter this era of crime fight, it's going to be rather interesting what happens within the courts and the legal system of what gets interpreted which ways and what jurisdictions.
So, yeah, good luck.
This already happens nowadays. nowadays no i think you're
doing great questions so if you're gonna keep talking i would love that i really love this
this kind of insightful conversations but this that you're mentioning already happens nowadays
like in many countries you're free to do your will and you don't even need to disclose your
will until death and it might happen that you created your will and that it is not legal
so even now this is something that already happens and already goes to the jurisdictional system so
it wouldn't be any different in that way and that's why we want you to be able to have an
executor to have the lawyer being able to help you if you want to that's why we will potentially
partner with these lawyers and also make them available for people to consult you if you want to that's why we will potentially partner with these lawyers and also
make them available for people to consult them if they want to so that you can make it compliantly
right but at the end of the day and that's the great part i think with a smart contract and
self-custody is like you have the power to do whatever you want and then you just need to
make sure for yourself and for your loved ones that you do comply
with the law.
And we just try to give you the tools to help you as much as we can to do that.
And hopefully if you want to do it, you won't have any problems to do it.
If you don't want to do it, then that's another conversation, you know.
But maybe a question I have for you as you're here what's business model or what pricing
model would you appreciate in a system like that like this that is a good question I don't really
have much of a business startup background or anything so it's gonna be a little tough for me
to answer but my initial thought
was, if you're doing some sort of token distribution, or something having, you know,
a subscription based model that someone can, you know, like, what's, I guess, my, my weird question
response is, there's, there's plenty of services out there that offer encrypted data storage, like, you know, what is it,
one password or other things like that.
I'm not advocating for anything on any level of anything,
but just services like that,
my understanding is you can essentially do what you say you're doing,
but, you know, already.
So what is, there needs to be something for me to want to use your service.
All right, awesome.
I was not able to modify, to unmute, I mean.
Yeah, so you, from what I've seen and the research we've done on competitors,
you cannot do what we do exactly because we don't just encrypt the data
you actually control the assets in self-custody and then you send them over right uh your crypto
assets and in the future also the ownership of real world assets that's what we are going for
so this is something you cannot yet do especially in a compliant way with inheritance law, which means like identifying beneficiaries, giving shares,
leaving a share for taxes if you need, for example,
and do all this through a will that executes automatically.
But I guess what's stopping the court system that already has to be involved?
Like what I'm hearing from you is that it's straight custody ownership of these assets
and not being allowing
them to be flowing through different people's ownerships but what's stopping it in an already
locked up vesting schedule if you're already involving court systems and judges and these
interpretations of things what's stopping them from you know going after you as the company that
allowed this contract to happen to to hold that you know and divest it
however they deem fit uh this the same thing like the same thing that uh stops um any other
like company or like a person to go after a company that can doesn't have control over that right so the protocols is going to be fully decentralized so we have no way
to control what the users do with it right we want to decentralize also the
decision-making part so that it is also fully decentralized and if you look at
mica and other digital assets regulations if you look at the Micah and other digital assets regulations, if you have a fully decentralized solution, then you cannot be responsible as a company.
Right. It's the responsibility of the user.
So that's basically it. We just give you a tool for you to be able to do the inheritance and do it in the most flexible way possible.
Do it in a compliance manner and in a cheaper manner than in the traditional
world. And then you,
you use it and we do provide support on how to use it in the best way
possible, but we cannot force you to do it. Right.
Yeah. Gotcha. No, I wish you, I wish you the best luck.
Thank you for all the information.
Basically what it comes down to is personal responsibility, right?
I think we talk about that in crypto all the time because somebody will buy into a token project and then they'll be in the Discord two days later asking why the token price is down or why project not doing so well or something like that, right?
Everybody always wants to direct the blame on somebody other than themselves, the investor who is taking the chance of using a product or buying a token or using a service.
But what it really comes down to is personal accountability.
You, as the user of this service, need to ensure that you are following all legal guidelines when you are executing your will.
It is your job to do that because it is decentralized and because you as a user are responsible for
making sure that all of that stuff is, all the I's are dotted and all the T's are crossed.
You're basically just providing the tool, which has like no legal liability for you guys, right?
the tool which has like no legal liability for you guys right yes exactly and it's much like
in the real world where you know you have the responsibility if you want to decide the future
of your assets to do your will and then you can opt by doing it yourself and you just need to make
sure it is compliant you can opt by using lawyers that should be empowered to make it in a compliant way.
And usually if everything is fine, there won't be any problems, right?
Only if you just go rogue and don't care about the law and put whatever, then you have issues.
Right. But in the real world is exactly the same.
And I would say it's much like, I don't know, imagine you're in the US and you send a transaction to an address that you don't know and it's a sanctioned country or that you know and it's a sanctioned country and you shouldn't be able to send them any assets.
Nobody's going to blame, let's say, the Cardano blockchain, which was the blockchain you used to send the assets.
It's more a responsibility of the user who took the initiative to do it right well i can tell
you right now um if i use this service i'm gonna send my stuff as illegally as possible and i'm
gonna leave notes to my kids telling them to not pay any taxes on it whatsoever because taxation
is theft my friends and that is the cold hard facts, plain and simple. You did? Oh, fuck, this is a recorded
space. DeFi, we're deleting this space after it's over. Just to be clear about that. Okay.
What's up, Gold Rush? Yeah, we call that the boating accident smart contract. We lost it all,
man, and we don't know what happened anyway um
what was my question holy cow oh oh yeah uh so so this is built on cardano but um you know in the
future we may have bitcoin defy type stuff happening on cardano using like zero knowledge
proofs and all of that kind of stuff like do you feel like your platform would be compatible with
that like would i be able to leave like could I set up a UTXO script
that would like leave my Bitcoin to someone using the Cardano blockchain like I don't even know if
that question makes sense but do you feel what I'm saying yeah no it's a good question and um
I think it makes a lot of sense uh we would love to make that happen we see there's a big effort here on that we have
iog working on it we have bitcoin os we have sundial which i think is working with bitcoin os
as well if i'm not mistaken uh and yeah definitely that's something we would love to take advantage
of in the future and enjoy this narrative of the utxo bro right and use this smart contract to also
do this for for bitcoin but of course we'll i'm gonna be honest with you we need to make
more due diligence on that right now we're focused on building this and then once it is built um it
makes sense to focus on seeing how to or maybe even before it's completely built seeing how to
adapt it also for for bitcoin so i'm looking at your uh your roadmap here and it says sometime
in 2026 you guys are planning on exploring other blockchains and by the 2030s you plan to be serving four or five
blockchains um do you have any information on like where you're looking what chains you want to you
want to expand to or anything like that that's that's something with the the website in itself
it's something that we're gonna need to update fortunately uh real soon
hopefully uh let's see um when we can do it but yeah there's a lot of updates in in meanwhile
because we initially we were doing this mostly for web3 then we got this opportunity to get
feedback and get some inheritance firms involved or lawyers, let's say, involved in this process.
And it opened the door to use it in the real world and that became more of a priority for us
and a vision for us. But yeah, we would, of course, love to make these available in other blockchains.
We know it's also complex in the sense that it's a smart contract.
And basically if we go to Ethereum or something else,
we need to rebuild the smart contract for the EVM.
So it won't be super simple to make it available
for every blockchain, but yeah, I think if we would expand,
we would potentially go into the EVM world where we could serve a few more different blockchains.
But I would say the priority now is here Cardano.
It's working with these inheritance firms, which has been a huge opportunity for us and try to serve them and test it out in the real world. And then after that, go also enjoy this effort
that we have to connect with Bitcoin
and Bitcoin DeFi to expand there
because that's a huge market.
And I feel this is a real simple use case
is each problem in Bitcoin where around 20% of the supply
is estimated to have been lost forever.
So they need solutions like these.
And hopefully we can make them available.
So those would be the priorities.
And only afterwards, more chains and potentially doing the smart contract on Ethereum or other chains that are EVM-based.
Okay, look, I got to know, dude, because this is the second time I've heard that sound.
What is that sound in the background?
It sounds like a goat or something.
No, it's just that I'm getting calls.
Oh, okay, gotcha.
Your ringtone is very interesting.
oh you're just uh vibration um another thing so since you're planning on updating the website
It's just vibrating.
um if i might add your dark mode is not dark enough um it's not not even close like dark
mode needs to be darker because it still feels like still feels like light mode to me burns
burns the eyes i am not a light mode person so if you guys could make that darker that would be
spectacular all all black right yeah yeah absolutely all black all black with uh with
like gray lettering or something like that anything yeah anyways um that's awesome it's
good feedback now it's the right timing so uh I noticed something else on X while I was kind of combing through your guys' profile.
Can you tell me what you guys have going on with CV Labs and the Cardano Accelerator?
Yeah, for sure. We've been accepted into the CV Labs Acceleration Program.
It's ongoing right now.
We've been in ZOOC for two weeks.
It was a great experience.
Also, great networking, great contacts.
Yeah, it was pretty good, better than expected.
And right now we have the program ongoing.
It's been helping us refine a lot of the messaging we're doing some of
the work also questioning many of the things we're doing and seeing what is the right path so it's
been pretty pretty interesting i've been so i've been in startups for seven years i've been in
other accelerators for other startups but i've never been into web3 accelerator this is the first
web3 startup i'm working on and the first startup where i'm a founder i was always worked for others
um and um yeah it's been pretty great overall and one really important part is that it prepares you also in many aspects for getting
funding and other things outside to push the project further. So that's something we were
not thinking so actively on pursuing, but now with the support of CV Labs, it's a possibility also for us. So yeah, I think it's been worth it.
And yeah, let's see.
We still have one more month until the end.
So hopefully by then I have more things to share.
So other than like getting access
or understanding access to VC funding
and networking and all that other stuff,
what would you say is probably like the most important thing that you've gotten
out of joining this accelerator? Like what's going to benefit you guys the most?
I think it's, you dive into many topics, which some of them already did work, but I think
many of these topics can be very useful so
you dive deeper into the legal aspects of your project and legal concerns and things you need
to check they get experts that come speak to you and give you help on that which i think is very
useful they also dive deeper into other things that you might want to know, like if you want to do a token, how
to do it in terms of tokenomics design and all of that.
So it's also very useful in many of these aspects on your marketing strategy and everything.
I would say for us, a lot of these things we were already working on and it added a little bit but not a huge bit.
I think on the investment part where we didn't work on so much or we didn't have as much
expertise inside the team, it really was where potentially it added the most.
But I would say also the networking part is really valuable because they also have events, they connect you sometimes
with real world companies that fit your business model.
And that opens a lot of potential for the feature that we will try to explore.
I would say that's probably the most exciting thing is to get real potential connections for what you're doing and connections that will open doors for you or not to enter real world, most of all.
And then I would say the tailored support to try to identify what you can do better compared to what you're doing.
So I'd say that's also very good to have.
And they give tailored support in almost every dimension that you can think of.
And I'm sure you know, as part of angel finance,
there's a lot of dimensions that you need to consider
and that people don't usually see that are in the background, right?
You know, it's really funny that you mentioned that.
We get a lot of suggestions and a lot of feedback from our community.
And some of those community members are like really, really entrenched in DeFi
or really entrenched in TradFi.
And they have a lot of knowledge that they can bring to the project. So we've always
been really, really good about listening to our community as far as like changes or things that
could benefit the project or make it better. So yeah, I definitely understand where you're coming
from and I think it's extremely beneficial to have an open mind and accept whether it's criticism
or praise or advice from outside of your inner circle, because that's the way that you grow
and continue to grow. And I agree 100% with the networking aspect, like being here for the last
four years, you know, if I hadn't, if I hadn't taken the chance and like put myself out there and joined all these different
projects and connected with all these different founders and all these different people in the
ecosystem, we probably wouldn't be where we are right now. That's why we go to RareEvo every year
so we can do the face-to-face meetups and shake hands and have conversations with people in real
life and build those relationships. And I think it's extremely beneficial as a project founder to be as basically like front facing as possible with
people in this ecosystem, because conversations in discord messages or Twitter messages or
something like that, they just don't have the same impact as like a face to face conversation
with somebody that you're trying to build a relationship with. So 100% behind you on that.
Alrighty. Well, um,
I think it's about time to start wrapping this up.
I'm going to give anybody that's up on stage an opportunity to ask any final
questions, and then we will let Jen wealth, um,
give a closing statement or, or discuss anything you feel we may have missed.
DeFi, Goldberg, or Luddite, do you guys have any questions you want to ask before we wrap this up?
I got nothing, man.
That was very thorough and some great questions by Foltz, Goldberg, and Luddite. So I think everything
that I was curious about was covered. So thank you guys.
I'll just jump in with the final comment here and say, I think the idea of a stake pool as
a revenue generating mechanism would probably make sense for you guys because I'm already going to be sharing stake keys and stuff
with you. So like maybe as a method to lower my fees,
I could like delegate to a stake pool. You don't need,
if I have enough assets that I want to protect them,
it's probably going to be a size sizable amount that I'm delegating.
I don't know, just a thought. And so I was going to throw that out.
Here's something for you to chew on.
Because somebody asked about revenue models earlier
and you didn't really have it all nailed down.
But I'm just thinking, hmm, you know?
Like if each of my wallets
that are delegated to your stake pool are protected
by your service and I'm getting
utility out of that, I don't
know, that seems like a revenue generating
avenue.
Just something to think about.
It's a really cool idea.
I think you suggested also something like that,
Andrew, in the last space.
And as I told you,
yeah, we haven't thought about that one.
And that's exactly why we don't want to close
the revenue model yet because it's also like what the users are willing to pay, what the users prefer.
And ideas like this one that you add make a lot of sense.
This is something that people can use.
It's something we could that want to use.
Let's say it's something that we could implement.
And yeah, for us, it's something that we could implement and um yeah for us it's it's it's good and hopefully
also like a lot of this revenue will go into the dao and everything like that so it's um
hopefully the revenue will be positive to keep making improvements into the protocol and
to make sure it um it keeps getting better and better and adapting to time
yeah just make sure that you don't give give the people that are paying too much power.
Otherwise, they're going to be giving you $5 because, you know, everybody wants everything as cheap as possible.
Make sure you're generating enough revenue to be profitable, but also be competitive.
I think there's going to be a nice balance there that you're going to have to find.
And if you do end up creating that DAO, make sure that you're having conversations with people that
actually have experience in financial markets and running businesses and stuff like that,
instead of Joe Schmoe, like me, who's going to come in there and tell you that I just want to pay $5, right? So anyways, all righty. Um, Jen wealth,
do you feel that we missed anything super important? Um, I also noticed you posted
something on like July 5th saying that you guys were, had some alpha coming here soon.
soon uh could you share that alpha with us
Uh, could you share that alpha with us?
already asking for the alpha now i need to to to check with the team for permission
to share it so i'm not sure if i i can share anything yet uh on that um i would say that
i don't think we missed anything major.
I mean, there's always details and things you can talk about,
but, you know, we are always all one DM away.
So if you want, feel free to send us a message.
We, you know, to be honest with you, we are more down into development
and we need to, especially in the future,
as we come closer to a
public testnet of our second version to dive deeper into just marketing and
also community building which is something we need to spend more time
but it's a lean team and sometimes it's hard to find the time but we are always
welcome for questions we're always welcome for feedback for
criticism so if you wanna come and criticize that's amazing if you have i don't know if you
have concerns if you about the solution and and and things that worry you please come and talk to
us like the folks did that's amazing and i feel that that you might still have more concerns.
And that's it. The idea is to hopefully work with you and create a solution that can overcome these concerns. And we've noticed that all the feedback we have had across the time, all the questions just made us think about how to improve what we have.
It's what drove this second version.
So we'd love to keep it coming.
Yeah, and that's it.
Nice, nice.
Well, I think I can speak for myself and DeFi
when you guys reach the point
to where you're ready to start marketing really hard.
We know a couple of folks in the ecosystem
that have been marketing on Cardano
for a really, really long time. So if you want some recommendations for people that might be
able to help push your brand out there, feel free to reach out to the Angel Finance team.
We could definitely point you in the right direction when it's time to start pushing that
really hard. Thank you. Thank you. That's amazing. Thank you for the space. Thank you,
especially for the art questions you asked, especially in the first space when it was a
novelty. I think it's really cool. It's a boring topic. Not everyone likes to talk about it,
but I felt you really dove deep into these questions and that's what we want, right?
you really dove deep into these questions and that's what we want, right?
You know, asking hard questions is important.
I think one of the reasons why so many people got rugged for like the last two or three years
is because everybody just wanted to push hype and not actually ask the tough questions
or the details that mattered to ensure that we weren't going to get screwed over, right?
So I'm a big fan of asking
hard questions. I do my best to do that on every space. But the thing is, is that you handled
yourself extremely well. You answered the questions to the best of your ability. You're knowledgeable.
You understand what you're building and you understand like the legal side of it. You understand the coding side of it.
So you're,
you're doing pretty damn good for yourself as far as,
as far as responding to those hard questions.
And I think as long as you keep that up,
people are going to definitely notice what you guys are building.
So for those of you folks down in the crowd,
do me a favor.
If you haven't already click on that gen wealth PFP and give them a follow. If you like what in the crowd, do me a favor. If you haven't already, click on that GenWealth
PFP and give them a follow if you like what you heard today. Even if you didn't like what
you heard today, follow them anyways, because we need to connect with as many people in
this ecosystem as possible. Cardano, the ghost chain, needs you. So support the people that
are here building. For those of you folks down in the crowd that are not angel finance holders,
we love you. We would love to see you in the Discord. Come by, meet the community,
meet the team, talk with us, ask questions, grill the shit out of Barakio. He loves it.
And if you feel like joining us, then join us. We would love to have you.
For those of you who are angel finance holders, we love you even more.
You are
one of the best communities on Cardano. Thank you so much for all of your support on Twitter,
in the Discord, and everywhere else. We appreciate the fact that you have been with us for the past
18 months. We will see you next Sunday. We're going to have a pretty awesome guest, I think.
I'm going to finish getting that ironed out today. Other than that,
enjoy the rest of your Sunday, and we will see you all next week. Okay, bye!
Bye!
Bye!
