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Community Call #37
Recorded: Sept. 8, 2025 Duration: 0:59:09Space Recording
Full Transcription
Thank you. Yeah. We're on top. Bitcoin, death, right? Break the chain. No more rap, no more pain. PSP, key, sign that key.
Top reflects, it's all you need.
UTF, get the real fast swaps.
That's a deal.
10XP, 100 scheme.
No middle man, we change the game.
Bridge swap.
No bridge, just swap.
Runes in BCC, nonstop.
Bridge swap.
No bridge, just swap.
Trustless trade.
We on top.
Ain't a stop in the past. Pay slow. We on Bitcoin. Watch us go. rich
we on top
bitcoin defy break the chain no more rap no more pain psbg sign the key top reflects it's all you
need utx keep it real fast swaps that's the deal 10xp 100's game no middle man we chase the game
No bridge, just swap.
Boons and BCC, nonstop.
Bridge swap.
No bridge, just swap.
Trustless trade, we on top.
Hanging stuck in the past, they slow.
We on Bitcoin, watch us go.
No rub, no fraud, no fake hype.
Bridge swap future, we're on type.
Rich Schwab, no rich, just stop. Ruins in BCC, nonstop. Yeah. It's all you need, UTF, get the real fast swaps, that's the deal, 10XP, 100's game, a middle man would change the game.
Rich swap, no rich, just swap, ruins the BCC, nonstop.
Rich swap, no rich, just swap, trustless trade, we on top.
Hater stuff in the past, they slow, we on Bitcoin, watch us go.
No bug, no fraud, no fake hype. Rich, long future, we're on type.
We on top!
We on top!
Bitcoin, defy, break the chain, no more rap, no more pain.
PSPG, sign the key, key time reflects it's all you need utf keep it real fast swaps that's the deal 10xp 100's game no middleman we chase the
game
No bridge, just swap.
Trustless trade, we on top.
Hater stuck in the past, they slow.
We on Bitcoin, watch us go.
No love, no fraud, no fake hype.
Bridge, swap, future, we're on type.
All righty, everybody.
Thanks so much for joining Community Call number 37.
As usual, we leave time for folks to be cordially on time, cordially late.
We think that the first five minutes or so is a pretty good time to jam to our little AI Rich Swap theme song.
And, yeah, let's run it one more time, and then we'll get started in just a minute or two. No Okay. Rich swap. No rich. Just swap. Ruins in BTC.
Non-stop.
Rich swap.
No rich.
Just swap.
Trustless trade.
We on top.
Haters stuck in the past.
They slow.
We on Bitcoin.
Watch us go.
No bug, no fraud, no fake hype.
Rich swap future.
We're on type.
We on top bitcoin defy break the chain no more rap no more pain psbt sign that key top reflects
it's all you need utx keep it real fast swaps Fast swaps, that's the deal. 10 XP, 100's gain.
No middleman, we chase the game.
Rich Swap, no bridge, just swap.
Boom for BCC, nonstop.
Rich Swap, no bridge, just swap.
Trustless trade, we on top.
Hanging stuck in the past, they slow.
We on Bitcoin, watch us go.
No rub, no fraud, no fake hype. rich, strong future, we're on type.
All righty, we're five minutes in, and that means it's time to get started.
Thank you so much for joining us for another Community Call.
This one is number 37.
We've been doing this for quite a while.
It's been a few years. I've worked for a number of different tech companies. This is definitely
my pride and joy to be working for for the longest period of time. And there's a reason why
it's not just that Omniti has gone through lots of changes or because Bitcoin is an unending
fountain of stuff to do. It's because there's always a lot going on in Bitcoin ECO.
And also there's a lot going on on chain just all the time.
There's different activities from ICP, from Ethereum, from Osmosis, from EVM chains.
There's lots of different activities that are all coming together to be part of what we see in normal crypto market stats.
So as usual, we've got a lineup of folks who want to tell you about what we see in normal crypto market stats so as usual we've got a uh lineup of folks
who want to tell you about what's going on at omnity i want to make sure we've got our
lead architect julian on julian are you on the mic i can't see you on stage
yes i mean yes please go ahead uh okay hello everyone. Here is a summary of the
tag team's progress for last month.
For the RE project,
we completed the RE Exchange SDK
and the RE Client TS SDK.
The Exchange SDK simplifies
kind of development and the client SDK provides utility functions for the front end.
We tested them on several REFs, which confirmed they lower the development barrier.
We've also made multiple updates based on the feedback. On the RE-Altureator, we developed a new feature called MPC UTXO Proof, and we are now deploying it.
This feature allows the front-end to build a proof to reduce RE transaction latency.
It also helps the actuator see the memory pool state to reject more
invalid transactions. We will add examples to the dev docs later.
We are also testing a REE portal for the testnet. Developers who want to test an exchange can contact us to register and connect to the
RE-Occlator testnet 4. We see a lot of interest in RE development, so please join our OpenChat
channel for technical support. For the HAP project, our main work was adding more security checks and resolving
corruption issues from the community. We also changed the SAP to Bitcoin corruption fee
from a fixed rate to a dynamic one that based on the Bitcoin network fee. Finally, for the Auditor's indexer,
we expect to complete the data reset and go live today.
This involved importing 800 million off-chain records
and the data verification took longer than we anticipated.
Okay, that's all for me.
All right, very exciting updates.
Thank you so much, Julian.
I think there's a lot of folks waiting in the wings,
and this is a good moment for me to tell you guys
about what I'm seeing from an ecosystem's perspective,
not just an update internal to Omniti,
but a larger update for the ecosystem
affecting, you know, ruins,
Bitcoin itself, other meta protocols, ordinals, different things.
There's been some data that's been a little bit, I want to say common.
There's a couple of different ways where you can go aggregate this data.
The one for one comparisons aren't the greatest.
But if you look at mempool.space and you look at Unisat APIs, you can look at MagicEden, OKX, Dune.
There's a number of places where you can get stats on Bitcoin meta protocols and just functions of the Bitcoin mempool, different things that people are doing.
are doing. And it looks like ordinals are a very dominant and critical part of the
Bitcoin fee markets this year. So I think there's a pretty sane argument to say that Bitcoiners are,
if they're not already, they're getting used to the idea that Bitcoin isn't just for sending
sats. There's a lot more to do with sats than moving them back and forth.
Obviously, we care about that as a Bitcoin Meta Protocol development company,
an open source Bitcoin company.
But there is a much larger market that is gradually starting to understand
that if they're going to bet their bottom dollar or their bottom set
on Bitcoin treasury companies, then maybe they
need to understand a little bit better what's happening with the fee markets on Bitcoin
and what's happening to Bitcoin in general.
So we're looking at ordinals as the top taker of fees in the mempool.
Runes are looking at somewhere between 20 and 45 percent, depending on how you shape
the time.
But that means that ordinals and runes are
still the most dominant Bitcoin meta protocol. If you look at the total volume of lightning,
BRC 2.0, alkanes and stamps, they all fall behind. Lightning is the closest to reaching
some similar parity with runes. But there's a really important difference between lightning
and runes when you look at their functionality for stable coins or their future for handling assets on Bitcoin.
Really simply said, people who use Runes are willing to pay more Bitcoin to use Runes.
Lightning is a channel network, a layer two that's not Bitcoin.
And that means that even though lots of assets can be moved through the Lightning network, they are not truly moving through Bitcoin.
They are moving with Bitcoin pin security. And that's not relevant to every transaction ruins every
transaction secured with Bitcoin. So it's great that we can see the differences starting to rise.
I think nobody's calling Lightning a Bitcoin meta protocol, but we've certainly had our debates
about what is the path forward for Bitcoin Layer 2s for many years.
So with that, I think it's also good to recognize 150,000 to 200,000 unique addresses, according to DUNE, being shown active in Meta Protocol markets. These are numbers that are closer to what we saw right before the Ethereum ICO craze, when it became very popular and very easy to launch fungible tokens on Ethereum.
I think we're seeing some similar volume here, that there is almost $10 billion in volume
over the past year across all meta protocols.
But the majority of that and the peak of that is still stuck in runes and ordinals.
So if you're feeling stuck, if you feel like your bag's not moving and you've had ordinals
and runes for a long time, there's a good call out for you that this data structure is not changing anytime soon.
The way this works is not changing anytime soon.
So please keep an eye out on ordinals and runes development like we're doing some here at Omnity.
So I've also personally been talking to a number of projects. As always, there's a need to grow the usage of REE to show more people what the DPS can provide them,
what the decentralized PSPT signing architecture means for so many projects who have been stuck with off-chain components
or who are depending on very niche third-party services like a layer on top of Lightning.
There's a lot happening on Bitcoin to make this easier for everybody.
And because runes are a very widely accepted token standard,
lots of people are considering this option as a way to move their accounting
and other, you know, systems into runes.
There's a lot of reasons why you would want to change accounting values and integers and different inputs to use runes instead of using just regular raw sats by themselves.
It's much more cheap to compute.
So as we continue talking to different AI trading organizations, anyone who wants to maintain a token index, a number of ordinals projects,
anyone who wants to maintain a token index, a number of Ordinals projects,
we've still got a growing horizon right in front of us of a large amount of people
who want to get into the Bitcoin Meta Protocol business.
And we'll be right there to offer them the best tooling like that used by some of the biggest Meta Protocol games in the business.
So with that, I'd like to hand off to our chief editor, Zan.
Zan, are you available to tell us a little bit about the last 30 days and the coming 30 days?
Oh, can you hear me all right?
I'm getting a crappling, so I'm not sure if it's on my end or yours.
So if it's on mine, I apologize ahead of time.
GM, everyone, great to have you all here.
August was absolutely insane.
And we published a lot of media in August
because of Ruins Asia. There was just so much. I want to thank our team for your hard work. It was
awesome. So I'm just going to jump off on some important highlights in the media department
in August directly that may have gotten overlooked, right? First, I'd like to draw your attention
to some critical points made by Louis Lu
at Ruins Asia 2025 in his keynote speech
about the future of Bitcoin DeFi.
And I've dropped this YouTube video
in the community called Permithread as it were,
so it'll be visible after the community call.
Please check it out because there are clear subtitles
that our teammate mix put on.
Thank you so much, brother.
As Ruins Asia was really hopping and it was loud
and also the AI there mistranslated
like the English on the screen.
So I think I really wanted people to see these points.
Please check it out because the Lewis brings up some really important issues that must not be overlooked now by all of us, by builders, investors, and traders.
And I will be publishing a piece for Hacker Noon that expands on these points a little bit more, made by Lewis in his keynote.
So expect that on our socials
soon. The next thing I wanted to talk about was an article we published in mid-August
that gives updates about launching our DAO token which we get a lot of questions about so I just
wanted to cover some critical points. This link is also in that perma thread. So if you, everything I say
just doesn't make sense, please, please read it. It's a bit longer, but I'm just going to hit some
critical points. So as many of you know, we are launching a new token, OT. It's an ICRC token,
which is the token standard for the ICP ecosystem. And this is because we are launching an SNS DAO framework,
which is the type of framework on the ICP ecosystem.
And we have a new target date at the end of Q4.
That is our target.
For those of you who've never heard of an SNS DAO,
it stands for Service Nervous System.
And it's basically a framework to enable and maintain DAOs
to govern the apps on ICP, where we have built our infrastructure. On each SNS is a permissionless
governance system, so it must have a built-in governance token unique to each DAO. And this is why we must launch a new ICRC token to create our DAO on ICP.
It's a process and must be voted on by the NNS DAO, which govern ICP as a protocol,
because ICP is decentralized, right? So bear with us, like that is our target date. You know,
we'll try our best to hit it for sure. But it's a process that involves, you know, voting and decentralized procedures.
You may or may not know that we have a token called OCT, which we launched in the near echo.
And this is because we've been building for a long time. from all ecosystems are included in our governance and benefit from the value of all of our builds,
OCT will always be equal and convertible to OT.
Here's how.
We're deploying a well-tested token swap contract
on Ethereum that will be there permanently
to facilitate a bi-directional one-to-one swap between OCT
and OT all the time. So Omnid Hub will be bridging OT from ICP to Ethereum. This means anyone can
swap OCT for OT on this Ethereum smart contract at any time and vice versa. Any OCT tokens on NIR can be bridged to this swap contract on Ethereum
using the rainbow bridge from NIR side.
So after TGE, if you're holding OCT tokens and you want to swap,
just bridge it to ETH and you can move them to ICP
to participate in governance very easily.
That's the next point. Many people
don't know that we've already brought OCT to the ICP ecosystem as CK OCT. That's what they call
their token, CK, chain key, OCT. So if you hold CK OCT and you want to swap to OT after TGE,
you can move it from ICP to Ethereum using the CK bridge on ICP swap.
All of these links, all these Rainbow Bridge, ICP swap, CK bridge, all of these are in the article that I posted in the permathread.
And the main point I want everyone to know is there's no deadline or time limit to move from your OCT from near to
Ethereum or your CKO. It doesn't matter because that swap contract on Ethereum is permanent and
bi-directional. It'll be there for you. So I hope that quells some of the questions we've been
getting. Last point, finally, in other news, I promised I would keep you apprised of the World Computer Hacker League hackathon journey.
And surprisingly, once again, my new build made it to the regional rounds.
This is the last round before the global final round.
It truly blows my mind how many building resources Internet Computer has published.
There are literally answers for everything out there if you look for it. So if any of you are builders and are kind of hesitant
to build on ICP because it seems complex, don't be. There's so many tools and it's not as hard
as you think. Anyway, that's more than enough for me. Thanks so much for being here, and I look forward to seeing you all next month.
Thank you so much, Zan. I know the World Hacker League, or I think it's WHCL as the acronym it's called, from ICP has been pretty big, and it was great to see that they had a dedicated Bitcoin
DeFi track. So we know that Omniti's tooling is showing up in lots of different people's projects,
and we really appreciate your time and your focus there on building something cool
and seeing what other folks are building.
So with that, I'd like to turn it over to our social media lead, Cesar.
Cesar, can you give us an update from the Omniti account,
what you're seeing and what you're looking forward to seeing?
Hi, everyone. Thanks for joining us today uh well i'll keep it real since a lot of updates
have already been shared uh well over the past month we have shared more than 80 posts across
uh platforms mainly on x or twitter it has been a super active month. Well, the spotlight
has been focused on the second annual Ruse Asia 2025 event. We've got plenty of photos and videos
from speakers and projects built on Bitcoin.
Most of the recordings are already up on YouTube.
And we'll also be rolling out short clips to highlight key insights, updates, and of course, alpha for different platforms like YouTube, like TikTok, Instagram. uh like um youtube um um like like tick tock um instagram uh for a full recap of rooms
asia 2025 um you can check out our local medium and one quick but important announcement
reswap is currently under maintenance to improve security and performance. It should
take about two or three hours. So if you run into issues or need support, technical support,
just reach out to us on OpenShop. Well, that could be all from us. Back to you, Sheldon.
All right, Cesar. Thank you so much. And yeah, Runes Asia was a great showing
of just folks in Hong Kong and folks all around the world, what they're looking forward to seeing
in the Runes ecosystem. So I know we've got a lot more content coming for that. And, you know,
it's great to see when, you know, meta protocols have this kind of open argument. There's a lot that I've talked about over the years on data standards
and how difficult it is to sort of get one way of doing things on the,
you know, the public Bitcoin to be recognized as the way.
But it is starting to seem like runes are the way forward for fungible tokens on Bitcoin.
Definitely looking forward to more of that.
And with that, I'd also love to ask
our head of BDM Partnerships, Kim, if you could tell us a little bit more about your experience
at RunesAsia and what it was like at the conference. It looked really great from here.
I wish I could have attended. Yeah, sure. Thanks, Sheldon. So just make it simple and easy. For Runes Asia 2025, basically, we got about 1,000 over attendees.
The crowd is totally overcrowding the event space.
So it's a good sign.
And so basically, whoever participated, including the speakers,
including the sponsors, and also community leaders,
and also public as well they are quite
amazed on the turnout rate and so the conclusion is that runes is actually not there so that is
actually a good good message that we can actually pass out to the public that runes is actually getting more attention, just that it's in a different way.
Somehow it's not like, it's like based on OG Runes or those previous DeFi protocols,
but it's actually new and then you should understand more about it.
So Runes Asia actually did that quite impactful.
So we have a series of uh sharing um
so not gonna mention our but uh but all the sponsors like liquidium odin um bitwarks
blockman the fun tai chi maestro fomal well red swap um they uh of course, but not least is definitely they have been very, very supportive, including having the people there to explain about the protocols and then to onboard and enroll people onto the ecosystem.
I think this whole process has been quite meaningful and monumental for Omniti.
So this has been a success.
So my say is that in comparison to the events that happening in Bitcoin Asia,
so the Rins Asia I would consider is very successful and then definitely hoping
to do the next one in the upcoming year so yep so that's from
me awesome thanks so much kim i i'm always looking back to 2023 when i got to attend the real token
2049 out in singapore and uh i i did not get my chance to visit Hong Kong and a number of other places
like the Japanese stock exchange hubs that I wanted to visit. But that's just what a
high-performance computing nerd who works in crypto wants to do.
On the other side of things, Arsene, I'd love to hear from you on your feedback from
RunesAsia 2025.
I'm certainly hoping that I may be able to attend 2026 in person.
Definitely, definitely you can just see the timing.
Thank you, bro.
Thank you, bro.
Arsene, are you available to tell us a little bit about the RichSwap side of things?
I know we've got an interesting reason for our current maintenance mode.
I wonder if you want to chime in on any of the upgrades pending, upgrades in progress.
Yes, yes.
Hello, everyone.
Thanks for joining us for this monthly update.
It's us in here, the product manager of REE.
As we are speaking, the rich swap is under maintenance right now.
And we have run in some tests and and received upgrades from REE.
This will enhance the REE security and performance.
In the same time, Reswap receiving related upgrades,
and it will bring the security and user experience to another level on ResWap.
In the meantime, we will launch the long-planned update for ResWap.
The revenue donations will be live post upgrades.
I think in the coming hours, all the servers will be back and the swap is resuming.
And the best part is the revenue donations will be available for anyone.
So as we promised, the RichSwap's practical revenue will be donated to the HopeYouGetRich pool on redswap. So basically, the hope you get rich ruin token
captures redswap's value.
Every bit of the product fees from trading,
that's about 0.2% of the trading volume
0.2% of the trading volume will get donated straight to the Hope You Get Rich Pool.
And when any pool on RichSwap hits over 10,000 sites in product fees, and the claim button will turn available.
So anyone can click the button and sign the message on Bitcoin Minnet to claim the Bitcoin
and donate it directly into the Hope You Get Rich pool. So this donation, this Bitcoin donation will boost the LP yields with real yield in Bitcoin
and in the same time, deepens the liquidity of Rich token on RichSwap.
And also it will pump the price of rich without dilution. So let me explain a bit
how it works. So the runes, which is I hope you get rich token in the pool, the amount will remain the same.
But after the donations, the amount of the Bitcoin in the pool will rise.
So that leads to the pumps of the hope you get rich prices.
And yeah, I know the community have been looking forward for this future
to come online for a while right now and finally we we made it and all the other
pools except as the rich pool itself will be available for the revenue donations for now, and there's
more technical challenges for the self-donate of the who will get rich pool. pool and the development for this future is pushing forward well and we hope we can bring
the self-denoital of the red swap pool before the end of this month.
So the flywheel for both for red swapap and hope you get rich is a fairly easier.
And after we wrap up this community call, the service will resume and you can check Protocol fees have accumulated to the pools on Reswap by visiting the pool info details tab on Reswap.
So that's pretty exciting to see how it goes and get feedback from our communities.
In the meantime, I was in Hong Kong attending Ruins Asia 2025, and there's a lot of wealth
in Asian communities there, and most of them are building their tokens that was ascended on all the
environment, techie, formal well, actual layout to launch pads. And I talked with
some co-members of this community and I see there is a need for them to build in
their buildings, building the community for their token on Bitcoin Minnet, on Bitcoin layer one that will help them to reach more user base who are holding their Bitcoin in
their own wallet with self custody and refuse to trust their assets to any third party. So this part of the investor will only swap ruins or investing in ruins on Bitcoin mainnet.
So reswap is perfectly, it suits this scenario perfectly.
As we are speaking, me and our team help the leading communities onboarding on
ResWap by setting their pools on ResWap and adding liquidity to them and and provide a low slippage for every swap.
And it will be more potential for the OG Bitcoin holders to invest in their community on the
Bitcoin Line. Bitcoin holders to invest in their community on the Bitcoin
mean line. So I see there's a leading
Ruinsang Audifon is also is working in progress by adding liquidity to
Restwap and we are hoping if there gets a decent amount of liquidity, we may launch a campaign with
them and get more awareness of the way to building liquidity on Bitcoin layer 1.
Yeah, that's pretty much the updates from Reswap. On the REE side, we are working closely with several teams that are committed to building their depth on Bitcoin.
choose REE for simply integration and development for the idea
because it brings the turning complete programmability
and interoperability on Bitcoin in layer 1 directly.
And if you want to learn more about the meta protocols and how REE works and why REE matters for the future of Bitcoin DeFi,
do check our founder's keynote speech on the Ruins Asia and is published on our media network and our co-host Ruins CC with
Chinese transaction and if you have any questions and all interest to build on RE
to build our RE, just join our open chat community
or DM me directly and I'm happy to answer
any questions you got.
And do keep eyes out for community and RE and the resource.
I think the whole ecosystem we are building here will be
thriving at the end of this year.
And the flywheel with revenue donations for hope you get rich is finally here. year and our governance token OT is scheduled for the TGE also before the end of the year.
So if you joined us early and you are working alongside with us joining this journey. Do APE into it if you are willing to get benefits
from what we are building and what we are building
with what we are bringing to the Bitcoin DeFi in the future.
Yeah, and at least not last, last not least, hope you get rich and thanks for speaking
with us.
Yeah, that's pretty much for me.
Back to you, Sean.
Thank you so much, Arsene.
Love the battle cry as always.
And you're right, it has been a very thorough and busy month of updates.
I'm excited for RE throughput increasing.
And, you know, doing a UTXO proof system for that makes a lot of sense to me.
I'm sure that we're going to get understanding and, you know, more reviewing comments from
other folks who've been, you know, looking at ZK circuits and more complex off-chain
stuff to do.
You know, we have a lot to provide, but it has to be on-chain.
So I'm very happy and proud that we're bound to that constraint because it's not a constraint.
It just makes us powerful as the ally of Layer 1 Bitcoin.
So with that, I'd like to also introduce our founder, Louis Liu.
Louis, could you tell us a little bit about the previous and coming month?
Sure, thank you, Xiaodan.
Yeah, I participated in Louis Asia 2025. For me, and for a lot of Bitcoin a shell, you will see the exact opposite. that opposite a huge number of DGEMs have been placed ruins and the adoption is actually accelerating.
I think why RUNES is outstanding.
I think the major reason is programmability.
And RUNES has great programmability,
both on layer one and layer two.
So there are very popular Bitcoin defi application,
a very popular Bitcoin defi application,
like Liquidium and Reswap on Bitcoin Layer 1,
and Alding Fun, Blockminer, Tai Chi, Formalware,
they are built on Bitcoin Layer 2.
But both of these, all of the application adopt runes, token format, and guess what, all of them are either delivered by OmniT or rely on OmniT infrastructure.
rely on Omniti infrastructure.
And at the keynote speech,
I explained the different programmability for runes
and for other meta-particles is not only
these two different user experience where rules the app will play better with faster with lower latency, lower cost.
And also it's the difference between Ruins
and other indexer extension based metaparticle programmability
means different future for Bitcoin. Ruins is an open
standard. It can facilitate open fire and MEV resistant Bitcoin future. Well, if the Bitcoin eco build on another extension solutions, the future would be much close, let's say unfair and I may be vulnerable. mev vulnerable so it's not not only about we we can provide better application
is also about we need to fight for a bright future of bitcoin and uh uh at
And at application level, Omniti is fully committed to consolidate liquidity hub positioning of ResWap.
And we just upgrade the ResWap enable revenue donation.
So we have committed to donate
all the ResWap protocol revenue
to hope to get rich holders.
And this commitment just has been materialized with this update and i i think
uh omni this community call always uh leak alpha about uh around hope you get rich and uh when it
around Hope You'll Get Rich.
And when it went out,
it's just 100% open mint meme coin.
And we declared that we built Telegram boat
to send Hope You'll Get Rich in red packet.
to send HopioGuardRage in RedPacket.
I think it's the first, let's say,
layer one application for runes.
And also we distribute HopioGuardRage
through RedPacket a lot,
a lot and our community enjoy receiving it.
and our community enjoy receiving it.
Now we materialize the revenue donation and it's a real alpha, right? Now you can, because there are a few million sets, if not more, are ready for donation.
And you can now, let's say, add liquidity to the rich pool and donate revenue from other pool.
Or you can wait for other people's make the donation.
And after that, you withdraw your liquidity position from the risk pool.
And suddenly you get more, let's say, BTC in your wallet.
It's very simple and it's the benefit for joining Community Call. So keep joining us. Thank you. That's all from me.
I think there's more than 30,000 people who are interested in the rich token, but there was more than 30,000 who initially received it.
And when we think about the total volume of MetaProtocol users between 150,000 and 200,000 recently active wallets, odds are there's somebody out there who's got their bag of rich just sitting there and isn't using it for LP and doesn't know that they're earning, you know, on RichSwap.
So I think there is a large market of folks who want to get in touch with utility runes like Rich,
like the, you know, upcoming Eslick and other runes out there that are looking to, you know,
focus more on what value they provide, because I think we've been, let's say,
getting over the disease
of Bitcoin meme coins in our language for quite a while.
We can have Bitcoin meme coin as an option, but that's not all runes are.
Runes are a very steady, secure, and stable way to manage fungible tokens.
And if you've been to one of our community calls before, you know this is getting close
to the end.
This is the part where we want to take you all questions.
If you've got a question or something that you're focused on about meta protocols,
about Omniti, about ICP, about Bitcoin, you know, we want to answer your questions.
We're always trying to cover a pretty wide landscape. And I've been talking to a little
bit more of the traditional Bitcoin or type recently, because they're starting to understand
that ordinals and runes fees are here to stay.
They're a big part of the Bitcoin mempool. And while folks who've been around Bitcoin for a long
time know that you can't really have active Bitcoin without an active fee market, we're
certainly not going to be giving that away to Wall Street and all the big folks who want to
buy Bitcoin up and keep it from moving around.
So I think I saw one question come into the spaces. Let me see if this is one here. Yes,
I've got a question from a listener here. It says, can Bitcoin be used on multiple chains with REE?
I heard execution environments have considered bridges. Yes. So on REE, there's a large amount of functionality that is designed purely for Bitcoin.
And that means that there is a different type of adaption, right? We're kind of used to crypto being oriented to Ethereum first and then Bitcoin second.
Well, this was built for Bitcoin first.
Omniti is a Bitcoin software company, and that means that all of this tooling that's available for you on REE can be used in tandem with the multi-chain hub from Omniti.
If you want to check out hub.omniti.network or bridge.omniti.network, you'll see the tooling is there.
The tooling is there.
And ultimately, because we are not forcing people into that walled garden state, we're not going to say, hey, you have to do things our way.
You can't use the layer one or you have to use the layer one inside this extension or you have to use this one unique thing.
We're making sure to use open standards when we allow this to happen.
happen. So that means that in order to act as an ERC-20 token on another chain like Ethereum,
or to even reach Solana like an SPL-20 token, that means that you need to be acting as a
standardized token. So you can't just be taking the sort of proprietary nature of a single person's
product and reapplying that somewhere else. That's not how Omniti products work. So if you want to try Omniti's REE and you're also interested in a multi-chain use case,
please talk to us. It's quite easy. You can also add your rune and do your own testing
on hub.omniti.network. And I'm going to be doing a demo for a fella tomorrow morning about just
that. We're happy to do it anytime. We're happy to show you all how these things work.
And I think that means that we're getting close to the end of the call here.
We've got another 10 minutes in our comfortable average time range.
But I see a few folks have joined.
Guys, if you haven't been to an Omniti Community call before, please be aware this is also
a tongue-in-cheek AMA.
We want to ask and answer any questions that you all have.
We want to make sure that we serve you all as a curious explorer of Web3 and of Bitcoin. And that means that if you have some curiosity,
we want to meet you where you are. We've got a lot of software to offer. I believe there's more
than 150 public repositories now. So if you have a question, we're here for you. That is what the
community call is for. Let's just give it another moment or two, and we'll see if any folks can muster up any other questions.
We'll see if anybody else is curious about what we're working on.
In the meanwhile, I want to tell you that I'm really excited for the coming upgrades,
not just because RichSwap throughput needs to increase because the volume on RichSwap has been increasing,
but also because there is greater and greater features coming out around
REE. I really appreciate the technical teams for working on more documents and for getting out
more of that how-to, more of that how you can work with this kind of tooling. There's
front-end tools that are being released. There's also a very large walkthrough. If you want to
build your own RE application,
you can basically copy-paste the whole thing
and have your own lending application very quickly.
So don't forget to go over to docsdocs.omnity.network
and ask your favorite LLM to just read those docs
and see what it can do for you
because whether you're on an Ethereum-based chain
or you're looking to build directly more on Bitcoin,
we've got a lot of tooling to help you out. And that's all open source tooling that we are not
charging for usage. So yeah, you do owe each chain gas, but we're not a services business.
We're not here to take your money. We're here to build cool software and we want you with us
as we get it on the layer one network. So I'm not seeing any other questions here,
and I think we're in that phase to start winding down.
So I think this is the time to leave it open for questions.
And thank you guys so much for joining another community call for Omniti Network.
We're looking forward to telling you all more on community call number 38.
And until then, please just drop questions in the spaces.
If you've made it this far and you're all the way at the end and you listened to the community call and you just weren't able to be here, please drop some questions on the space.
We'll be happy to come up later and answer those questions.
Or you can always reach us by DMing the Omni Networks account.
So thanks very much for joining you all.
And we'll see you next time.
Thanks again for joining guys. Really appreciate your support.
We're going to roll the exit music in just a second,
but I just want to say thanks, everyone, for attending.
Really appreciate your time joining the Omidy Community Call number 37.
We've been doing this for a few years now.
We're going to keep doing it.
Every month we're here to tell you guys about what we're working on, about what we're offering next,
and we're going to make that alpha available to you on Medium as well.
It's just if you want to get it hot, if you want to find out what the best opportunities
are right here, it's best to do before the spaces end.
So appreciate y'all for joining.
And remember to ask us questions and we'll find answers for you if there's something about bitcoin
knots that i need to learn that's okay too but for the most part i'm talking to folks who are
keeping opertern and while i'm just rambling randomly i can tell you that there is a very
very long opertern message in the form of a cypherpunk complaint. I think I will post that under this spaces
because it gave me a big smile the other day
to see a real cypherpunk pay $50 in sats
in order to inscribe his message,
his frustration, his statement
about cypherpunkism in the Bitcoin network. Yeah. We on top. Bitcoin defra-break the chain. No more rap, no more pain.
PSPG sign that key.
Time for flex, it's all you need.
UTF, get the real fast swaps.
That's a deal.
10XP 100's game.
A little man, we changed the game.
Rich swap.
No bridge, just swap.
Ruins in BCC, nonstop.
Rich swap.
No bridge, just swap.
Trustless trade.
We on top. They are stuck in the past. They slow. We on top. We chase the game. Rich Swap, no bridge, just swap. Boom to BCC, nonstop.
Rich Swap, no bridge, just swap.
Trustless trade, we on top.
Hanging stuck in the past, they slow.
We on Bitcoin, watch us go.
No rough, no fraud, no fake hype.
Rich Swap future, we're on type. rich
We on top.
Bitcoin, death, right, break the chain.
No more rap, no more pain.
PSP, T-Sonic, E-Tap reflects, it's all you need.
UTF, get the real fast swaps.
That's the deal.
10XP, 100's game.
A middleman, we changed the game.
Rich swap.
No bridge, just swap.
Runes in BCC, nonstop.
Rich swap.
No bridge, just swap.
Trustless chain.
We on top. Ain't a stop in the, trustless trade, we on top.
Hater stuck in the past, they slow, we on Bitcoin, watch us go.
No bug, no fraud, no fake hype, reach, swap, future, we're on type.
We on top.
We on top. We on top.
Bitcoin, DeFi, break the chain.
No more rap, no more pain.
PSPG, sign that key.
Top reflects, it's all you need.
UTF, keep it real.
Fast swaps, that's the deal.
10 XP, 100s game.
No middleman, we chase the game.
Rich swap, no rich, just swap.
Booms in BCC, nonstop. Rich swap, no rich, just swap. We're on type.
