Not too much not too much happening
Good feeling good some some free money is always a good motivation. I would say you know
Tested positive for kovid a few days ago
I'm a little scratchy here, you know, I'm gonna minimize my
Minimize my talking as best I can but we'll see how that goes
But in any case, you know, what a week what a week to come down with kovid trying to coordinate and facilitate all this
But hey, what are you gonna do? Right?
The show must the show must go on in any case. I'll try to talk as little as possible here today
Send calm how we doing, sir. Good morning sailors. I think we have good wins today
Well, what do we say should we get this party started should wait a couple more minutes
Who's ready we're ready to fly here, let's do it go forth sir
All right, everybody welcome to the weekly wide world community calm
If you're new to our community, you can find all the critical information through the link tree in our Twitter profile
And we invite everybody to join our discord and participate in a live discussions to channels called community calls
Without further ado, let's dive right into the market data
The whale price stands at four point eight cents with a market capital capitalization of roughly
17.5 million and our social data shows growth all over the pro all over the place surprise surprise
2324 more followers on Twitter
67 members more in telegram and
203 people more in our discord
yield strategies that I would highlight
Heavy emphasis on our bonding our chihuahua satellite market still yields
48.99 percent for bonding there and
Our whale use the CLP is still really juicy with
sixteen point six two percent with an additional yield if you choose to align stake of
forty two point nine percent and then
We have our I would call it all-time classic with Eris protocol the up whale
Get more whale on your whale
thirty six point six six percent
yeah, that's that's always a good one and
With that we can right go into updates with Sencom I would say
So we didn't do a Twitter space last week
So I think there's a lot to go over from our end but also from you know from the builders in the ecosystem
So let's get right to it. So first of all, I'd like to really thank everybody
You know from the involved teams
to the various dows on megaloo and
Really everybody in the community who was involved in, you know getting this sale proposal
With us Moses over the finish line and making this happen. I think this is
One of the greatest steps our ecosystem did so I'm very excited and very grateful for everybody who helped us
As some of you might have imagined with the airdrop campaign, which I believe was a massive success
We've been able to you know attract a lot of new users and pretty much all of our you know
On chain metrics went through the roof. So just to give you an idea. So we started the year just
Three weeks ago with two and a half thousands
Unique delegators on megaloo and now we're sitting at almost seven thousand
Roughly two to three acts our unique delegators and now granted, you know
our ecosystem is very liquid staking token heavy so not every user is staking natively, but it's still a
great metric of growth and
likewise, we had up to 20,000 transactions on some of the days and
Our daily active users shot up to almost 4,000 on the day
So all in all really great growth metrics
Obviously the the missions they had an effect to on the native stakers
We've seen growth in TVL, especially in the USDC whale pool. We've seen more inflow into
The governance whale from Eris protocol more inflow into the arbitrage whale from Eris protocol and so on and so on
Staggering growth growth this month month fueled by the airdrop, I believe and really a lot of things coming together and
The airdrop specifically so we had
11,000 yeah, we had 11,000 missions complete by almost 5,000 individual people now
There might be some bots in there, but still impressive numbers most interestingly
Completed all missions. So kudos to you chats and you got I think
196,000 sale for completing that
I think also another you know, really sign of growth is I
Personally can't keep up anymore with everything that's happening on you know
And the NFT front with backbone laps on the Dow front with with guppy and ash and you know
Sharp better went live two weeks ago or one week ago. So I think that's that's really a healthy sign of growth and
You know on this place. I'd like to also think you know the really
Dedicated community members who you know distill down everything that's happening in good spit in good Twitter
You know threats who help the community in the discourse in the telegram to keep up to date
So that's really helpful. So again, thank you for that
No, yeah, just real quick if I could jump in there
I just want to reiterate what what Senkam just said I I can't keep up with everything that's going on in our ecosystem either
Which is a good that's a great issue to have right because we're not that means we're not controlling everything
Yeah, I you know the the shark beta just happened right all of the dowels, you know
We've we've reached an escape velocity as a community and as an ecosystem
So now we you know, we're just hanging on for the ride and and helping out as much as we can wherever we can
But it really is impossible
To keep up with everything going on and it's a testament to our community right to you guys in our community
And it's just been a lot of fun now. It's just hanging on for the ride
One one thing I will add to the missions just real quick and then I'll hand it back over to Senkam
One of the very interesting things was the guppy burn, right?
So again, not being able to keep up a guppy furnace went live, you know in the past week or two weeks since we've met
You know, it was done by the community
They basically forked the furnace that we used to burn whale and did it for guppy and now you can burn guppy
You know the guppy right is we could we could have a whole spaces about guppy, right?
Which was our last airdrop, right?
You know, which was 95 95 percent airdrop 5% liquidity pool
It was a juicy airdrop for everybody who did the missions
So not only does it have this fantastic distribution?
But also it's burnable and it has this gamified furnace attached to it where you could burn, you know
You could burn guppy and it was crazy
I mean we added it as a mission as kind of a stealth mission at the end of the airdrop at the end of
The sale airdrop and six point five percent at least that was the last I checked it might be more now
but six point five percent of the total supply of guppy was burned in a few days six point five percent
I mean that is staggering. It's staggering and that's from one airdrop, right?
We have these other airdrops that are coming down the pipeline for megaloo and they're also talking about including a guppy burn mission
in their airdrop campaign, so
When you think about that when you think about what guppy is yes guppy's a mean coin guppy's megaloo's mean coin
But it's got this gamified furnace attached to it and it had this fair launch distribution
You know, so I you know of all the mean coin craze that we saw launched over the past two three months
You know, I believe that guppy has staying power, right?
So I'll say that and you know, it was a little bit of a tangent
But anyways, I wanted to I wanted to highlight the the guppy mission in the missions
Fantastic highlighting and I think we have a lot of new users in here today. So if you're new to the community
Please check out our discord and we have on our Twitter profile on the main main account
There's a link tree with everything attached. You need to start navigating in the ecosystem and if you have any issues
We have you know telegram groups and many helpful community members who will you know, answer any questions
and of course, don't forget to retreat the space with a hashtag write the whale or say with the whale whatever you like and
Get more people involved here
The sale airdrop went, you know after this successful campaign went live for claiming
Today around five hours ago. So if you haven't claimed your
your airdrop yet go over to coinhole dot I think it's org and
Navigate to rewards and there you can you'll find two campaigns
one for the megaloo part of the airdrop and one for the osmosis part and
if you participated in both campaigns, you might be or if you only participated in the osmosis campaign, you might be
disappointed in what you get compared to the
The osmosis the average osmosis people got you know scraps
Now there are a couple of reasons for it
First of all osmosis got four times the amount of airdrop tokens 400 million while megaloo only got 100 million
but the megaloo ecosystem is significantly smaller right now and
on osmosis you have also a high concentration of tokens of steak tokens and
With a pro rata one-to-one airdrop naturally the whales get the most so that's just how it is
Unfortunately for small to medium sized stakers and voters on osmosis, but if you you know went the extra mile did the
Did the megaloo missions? I think you should have been handsomely rewarded
You know wrapping up the airdrop we also went live on osmosis
With our satellite market, so the DEX is now live on osmosis
it currently has three pools one is a whale osmo pool a sail whale pool and
Still a little bit hidden
But there's also an AMP osmo osmo pool for the liquid staking token of Eris protocol now a quick disclaimer first
Be careful. We just launched hours ago
So liquidity is very thin
So be very careful when you trade when you buy when you sell or provide liquidity
Now I expect the liquidity will grow massively over the course of the next month or two
One because we just put up incentives
two, there's a lot of interest from various teams to deploy on osmosis and
Three there's the sale down. So if you carefully read or read the proposal, you'll see that the sale down
The you know, the goal of the sale down is to manage liquidity on the white well decks on osmosis
So that means other ecosystem projects or projects that have you know, good standing with sale token holders
in other words, you know osmo and whale community they can put up proposals and
Get a liquidity injection to their token and I think when we come to it
Ryan from the line Dow is here
he can speak about this because he aims to be the first one and
I know there are a couple of others who are aiming to get some of the liquidity
one obviously is Eris protocol in the liquid staking token AMP osmo osmo and
Eris protocol will then shortly after launch its arbitrage
It's our osmo pool on top adding more volume to the decks more utility to us Moses and
Really grow the ecosystem and obviously backbone labs will do the same thing
They will have their be awesome. I read somewhere that they're aiming to spin this bad boy up in the next couple of days
So there would be another pool that will with a high chance of you know success
Get a deep liquidity injection from the sale Dow
And you know with that there's also the NFT marketplace from backbone labs coming
So the whole system is coming together raccoon, you know, they're you know
You know small team and I think you know that they have very you know, very much to do
but I think you know between
liquid-staked rack token and shark and you know, I think
Expanding the raccoon dot bet games to us Moses also high on their their priority list
So I can imagine the rack token being on there as well
So I think a lot of tokens will we will be traded there and I think in a short amount of time
Us Moses will be one of our strongest liquidity hubs across the cosmos
now last comment on the on the osmosis deployment, so
the buybacks are going to start tomorrow and
Incentives as well. So currently there's a hundred thousand whale up for grabs over the next two months on the sale whale pool and
You can already bond your liquid-staked whale. So that's amp whale or bone whale and
You know claim rewards every day or whenever you feel like
All right, Sebastian did I miss anything here?
Um, well he covered quite a bit. I would just add a few comments. So just to kind of bring a little bit of clarity
To the deployments right because that's the you know, this whole sale doll thing, you know underneath it is
white whale decks just deployed on osmosis, right which in um, in some in some ways is a landmark thing it
You know that happens here because I believe we're the first or we're the second we're the second decks
Right on on the osmosis chain apart from osmo
So it really is kind of a game changer. It's uh, you know, not you know, now they have two decks is right
Now it's it's more of an ecosystem. You know, it's it's the first third party decks
I guess if we could say that say it that way to deploy on osmosis, right?
And sale doll, you know was basically the liquidity funding mechanism for the white whale decks
And it's got over 5 million in assets in it right now apart from the other you know
That still has 40% of the sale left sale tokens left in it
You know that will be paired with other assets, right?
And um, you know, not only we're gonna hear from from Ryan from lying down here shortly
They're gonna propose it an OTC deal to get liquidity
But all of our ecosystem projects that want liquidity can come other projects have approached us as well
You know, I'm expecting you guys I'm expecting to have eight figures of liquidity on our white whale decks in
Very little time. Okay in very very little time
It's just a matter of the logistics and getting through props and things like that
But the demand is there the liquidity is there, right? So we are going to have a thriving
Deep liquidity decks on osmosis here in very little time. All right
That being said, you know, if you guys understand our bonding mechanisms, right?
Basically, you could take your B whale or your or your amp whale
Which is already earning your auto compounding yield as an LST from from whale
Then you you can bond it to our set any of our satellite markets
So people are bonded to Terra people are bonded to injective any one of them, right? And then you're earning
the swap fees on that on that satellite market
Okay, but the kicker is the way second comp design this this machine is the longer you keep it
Bonded that you if you just hold it there the longer you keep it bonded you earn more of a multiplier, right?
So the reason why I'm saying this is right now is the is the earliest anyone's going to be able to bond
To osmosis decks, right and I believe osmosis decks will be a money-making machine for bonded whale
Like some people have really long multipliers really high multipliers now on Terra because they've been bonded there for a year or or these other
Dexes. Well right now the playing field is leveled, right? It's the earliest you can bond right?
So, um, you know bonding whale bonding your B whale or amp whale to osmosis decks in my opinion is going to be
It is going to be a strong strategic move, right?
I just I just wanted to throw that out there. Now. The next thing I'll say is
With the passing of sale Dow
We also the second prop to deploy contracts that we passed on osmosis
Was to arm to basically the first it was the first tranche of megaloo ecosystem deployments on osmosis chain
So we whitelisted three separate projects basically three separate sets of contracts
Whitelisted and able to deploy on osmosis. All right, because those osmosis is a permission chain
So one of those obviously is the white whale decks and all the contracts that goes with it the incentives and the bonding and all that
That's one. The next was on backbone laps, right? So
Be osmo is coming in hot right JG's here. I'm sure he'll give us an update, but that's coming in hot
They're they're whitelisted. They're ready to go
Locked and loaded and then the third one was rack games, right? So they are now
Whitelisted and able to deploy on osmosis. So there will be more coming down the road. There'll be more
Sort of ride program megaloo ecosystem projects that that will actually deploy contracts on osmosis
But this was the first tranche. Okay, so I hope that brings a little bit of clarity
To to the state of things and to the situation, right?
Saying calm on that. No, I think we're good
I'd like to give a couple more more general updates about what we did over the last couple of weeks
Or two weeks and then I think we can go right into you know
the plans of backbone laps, you know line Dow Ginku and
and the dowels and so on and
I'm sure they have a lot of things to share as well. So more on the general side
We've been making great progress on the other smart contracts with white will be to in fact
We've been able to expand our team a little bit and get more firepower. So more firepower on the engineering side
So that's very good because we've been you know, really
Having a lot of things on our plate lately with a chain and the cross chain ecosystem
That we're building. So help us is very welcome
And we've been again making good progress on the white will be to side
Created a new testnet. That is a you know, copy of the current mainnet. So if you want to
Try something out simulate in the real world environment. You can try it or testnet
Tomorrow we will upgrade to the testnet to me galou version 4 now me galou version 4 includes a
Most notably a new feature
which is the burn fee and
You know, we do the test that upgrades tomorrow and we expect you know
fingers crossed to do the mainnet upgrade roughly a month after and
Besides the technical upgrades which are you know, not so interesting
I believe for for most people in here the burn fee. However, the new feature is
Because that is a new module in the blockchain
That allows the chain to set a number and that number must be between zero and one
if it's one it's hundred percent if it's zero, it's well zero percent and
Depending on the percentage the fees get burned forever. No ash. No
no, no hidden wallet that where they get sent to they're gone and
That's a very interesting mechanic because
The megalou chain, you know from the get-go try to price its block space fairly and not under price it
So it comes in driver of economic activity and growth while not, you know being too high as to you know
The burn fee initially will be set to 50%
So 50% of the fees you pay so for example
You do a trade and then Kepler pops up or station and says, you know, you need to pay half a whale
you know 50% of that will be burned forever and
After that it's up to the community to decide, you know where to set the number if they want to go crazy
They can set it to one if they don't like burning at all. They can set it to zero
So that that's a new tool and you know in the tool belt and right now given the low inflation of megalou of just 4%
We'd we'd only need roughly 60,000 transactions per day
Than we inflate and and keep in mind this is just one
One, you know gear in the machine. This is just one part of it
We also have the buybacks, you know on all the different satellite markets even right now doing you know between
20 and and 50,000 whale buybacks daily from the open market
Personally, I'm very excited about this new megalou before upgrade. So fingers crossed the test and upgrade flows well, and then
We can stay tuned for the mainnet upgrade sometime towards end of February
Lastly, so we've been working on our you know
This has been a pain point for users and team alike on the data side of the white well decks
You know there has been no times again and again where you were unable to see the volume or the APRs were wrong
So we over overalled the the indexing and the data
API, so it should be much more stable moving forward as we iron out the last kings here
That covers the more general updates Sebastian unless you have something I think we can dive right into
Well, yeah, so I do want to just share a little bit about
Sale dial right given that everybody's claiming the airdrop everybody's trading it deciding do I dump this do I keep it?
You know, what is this thing? Right? What it where is it going?
What's the vision? I just want to spend a few minutes and just chat a little bit about
You know the vision and the potential I guess really it's more potential about what what sale Dow could be because Dow's are
You know, it's kind of like having kids right you could have a kid and you can say this is gonna be a soccer player
He's gonna be a soccer player when he grows up, but he could grow up and be a doctor, right?
You know, they kind of go wherever wherever the wind wherever the wind blows, right?
And that and that's okay, but I think it's good to it's good to
Understand the potential and the foundation that was laid and and where it could go, right?
so sale Dow again was a brainchild of
Myself, you know our team sunny the Osmo team
And we basically had this idea and we crafted this architecture to form a liquidity Dow to fund it with both Osmo and whale
Right. So it has you know, you got to understand it has 3.5 million Osmo and 10 million whale in it at off the rip
Right plus still 40 percent 400 million sale left
So between the Osmo and whale those are those are two of the best performing assets in the cosmos, right?
And you know my opinion very bullish assets, right?
These these assets will be sort of the foundation the pairing assets and that will inject
Into first primarily the white whale decks on osmosis as we've talked about right
So again, we have we have projects now
It's in the onus is on the projects right any project any project that wants to can come and can propose a deal
with sale Dow for a liquidity injection, right and
It's basically, you know up to that project to propose that deal
That will be passed by the sale Dow voters, right?
So they need to make it compelling enough. They need to make it enticing enough
They need to sell themselves and say hey, we want some of that liquidity
Here is what we are offering right? So just to give you just for a case in point and for an example
You know lion doll with Ryan and many of you know Ryan Dow if you are lying down if you don't he will
He will speak shortly. He'll give a brief intro
But he was one of the I think maybe the first doll to launch on enterprise on Terra and really became
Iconic right and kind of the poster child for what dows can do what community does can do. They've been very successful
They've been live since March of last year
You know have a ton of ton of unique staking wallets, you know ton of active participants voters in their dial
You know and just kind of a great testimony of organic growth of organic community growth for a doll
So they are proposed they've wanted osmosis liquidity, you know
They've wanted to to get on osmosis and to get liquidity there for some time. So they are proposing
You know a deal to sell down as kind of the first third-party deal to sale down
Right, but this will become a norm and this will become a template and there are already more that are approaching
sale Dow to basically propose and
Get liquidity either an Osmo pair or a whale pair from what's in the sale Dow Treasury, right?
So that means that sale Dow will will control and and the sale holders and stakers will basically decide
Who gets liquidity, right?
So this can you know again this can go a lot of different ways
This can turn into basically a liquidity war and a competition over liquidity, right? That's what it can turn into
Here's some kickers right while this is you know
While this Dow was formed specifically for the purpose of the white whale decks on osmosis in the long term
It's certainly not limited to that
Sale Dow in the future could seek another liquidity injection say from our community pool funding say from
Injective, you know and go go cross chain, right go to injective seek
Five million dollars worth of injective
Right or Terra right or wherever wherever it may
You know, there's nothing limiting that there's nothing that's limiting it in any case, right at its core at its base
It's a pool of capital that is controlled by the sale sale holders
That's what it is, right?
So anybody can make a play for it
Anybody can come by tokens and you know try to steer them this way or that way or to this project or that
It is a you know, it is a game of five
War for lack of better word, right?
So so in my opinion your sale airdrop, right is important
And if especially if you're a whale community member, right if you're a whale community member, you know, we want one
We want to have the most powerful
So we want to have the strong a strong say in where this liquidity is deployed on how it's deployed on the projects
It's deployed in and the terms right and the terms that those projects are giving just to sale holders
I foresee that some projects will come and offer bribes to state the sales takers, right?
They'll offer airdrops or a port a carve out of an allocation of their airdrop if they're a new project that's coming
That's launching right like some of the ones we have coming up
I mean it would make sense like it's cheaper than incentives just to get to you know
To get a liquidity injection from a pol doll, you know, you give them a bribe and then it's done
And then you got your liquidity. So
You know again, there's there's all kinds of different possibilities and ways this things should go at the core of it
It's a pile of liquidity. It's a pile of osmo and whale, right?
And anybody can kind of fight over where it goes and and how to direct it. That's what that's what sale doll is. So
You know, so we'll see right? We'll see what happens. But in in in any case, it will be fun. It will be a good time
Right. So all of that being said, I want to get I want to go straight over to Ryan Lyon
You know man who needs no introduction, right? He's really been a pillar. He's an OG
He's a Tara OG right from back in the day. I've known Ryan for a long time, but he's you know, he's just he's become a
You know a key figure really in the cosmos
And and the interchain world as well as as we keep expanding here
So Ryan the floor is yours, you know
Why don't you share a little bit a brief intro on online doll and then what you're proposing
Yeah, thanks Sebastian. Thanks for the big up intro there. I appreciate it
At first and foremost, I just want to say like I absolutely love what you guys have done with sale down
I think it's a really innovative approach. I think we were all feeling a little bit negative after the first
Liquidity injection proposal with osmosis got rejected
but for you guys to go back to the drawing board and come up with something like so innovative like
You know huge congratulations there and and also like
Senkam speak and all the metrics that you guys have achieved by sort of game of find the the sale airdrop on on
White wet on Miggaloo again, like great job. So like congratulations on everything you've done there
In terms of in terms of this this this proposal that's coming from lying down
So yeah, I mean like ever since we saw what you were wanting to do
Have this liquidity injection and bring a load of new liquidity and tokens to osmosis that maybe don't like currently exist there
You know, I've been speaking speaking to you guys and the team about like how can how can lying down get involved in that?
So and it's quite interesting. So you say you know a lot a lot of people know us
But you know to a certain extent we've been quite isolated in the in the Miggaloo and terror community and
And then this gives us an opportunity to reach a broader audience
So to a certain extent and I think feel like we have to like re-pitch
What lying down is for maybe like the wider cosmos people who haven't like been paying attention to what we've been doing over on
over on cosmos so so a quick like overview of lying down so
We're we're community down. We we launched on the first day the enterprise down launched on terror
Which is very similar to Dow Dow. It's a it's a no no code Dow creation tool
That was launched by by TFL back in back in March last year and we launched on day one
And with a with a kind of mission to say well
How far can we can we push this to tool in right and initially probably started as a little bit of a mean coin?
but since kind of really like developed into more of a
Treasury Dow where we've grown as a treasury of
of a wide range of cosmos tokens and
implementing a whole bunch of yield strategies across
Across cosmos as well as having like a number of like revenue generating operations as well
We've got a we've got a pretty successful validator operation not over on terror
We recently bumped up to 12 in voting power there and I turned in a pretty good profit there
Which is going into into the treasury. We're also in the in the prism zone
Genesis set and and with this kind of like increase in in operational funds
We're looking to to increase our validator operation as well
And then we also have a you know, a very successful NFT
NFT sort of sister Dow which was used to to
to to grow treasury funds
And that that NFT collection was the first to launch on on backbone labs, which we're pretty pretty proud of
And and it's currently like trading at 10 times the the mint price and and we're getting regular
Revenue coming from that as well
And then like in terms of metrics like we've got about 2000 staking members
and over 20,000 token holders across
uh terror megaloo and and and kajira
So like we've got a we've got a lot of a lot of token holders a lot of eyes on the token and a lot of active
Active down members as well. And then I guess like in terms of like liquidity
We currently sat about a quarter of a million dollars worth of liquidity split across
Three main pools, but two two bigger than the other so our raw lunar on uh pool on on astro port has got about
115k currently in there and that's been supported by the fact that we qualified for astro emissions
And then we also did like an otc with you guys back in back in may and uh
And we've got a similar amount of liquidity in that pool as well
And then we've got about 20 quail 20 20k liquidity overrun on kajira in a in a raw usk pool
So so we've got pretty pretty decent liquidity
Um, uh in in our three main pools, but um, you know
We really want to open the dow to uh, like a wider audience and and we have been trying to cede some liquidity on on osmosis
We we did an otc for some osmo, um and succeeded a raw osmo pool
Previously, I think that liquidity stood at about like eight to ten k
But like the size of it like really didn't like make much difference
There wasn't much ability for people to to really buy into the token on osmosis
There wasn't much arbitrage volume because uh, the pool was quite low and we we ended up like seeing that as really
Inefficient use of osmo and of our raw as well and and ended up
kind of pulling the downed liquidity there and we're currently
Utilizing the osmo that we have got in the lavana xlps
On on lavana protocol is one of our as one of our yield strategies. So
sailed out to me like seems like a a really great opportunity for us to
Continue our collaboration with white whale and with megaloo zone as well as to like seed liquidity on osmosis
And give like open our token to to a wider audience of people who maybe
Are scared to even touch a terror wallet in case something something bad happens, right? So, um,
so so yeah, so we're coming to to sailed out with a proposal and
I think this is probably going to like set the standard for
projects approach sailed out
Um to to do that seed liquidity on on osmosis
So like just talking through like the basic structure of the deal
So, um, we're proposing to to otc
Uh 10 billion raw which is one percent of our or just over one percent of our supply actually because we've been a little bit
Um one percent of our supply to to sailed out
Uh in exchange for that we will be pitching for like an equivalent dollar value of sale tokens
Um, so that'll give lion dao some governance say in in how sailed out like continues to operate going forward
And um, and then you know the pitch is that the the raw that we otc into sailed out is
Paired with osmo and seeded into a raw osmo pool
um and current sizing based on sort of
market prices would that take us to about 65 probably about 65k 70k of
Of liquidity in uh in a raw osmo pool
Um, so that's the way that we're we're proposing the deal in terms of like how do we value like the sale token?
So given like there's a lot gonna be a lot of volatility with like relatively
In in the sale whale pool at the minute, uh, and obviously a lot of airdrops trading in and out
In and out of that pool, um, we're going to be valuing the sale token at the
An fdv of the the size of the treasury
So the the treasury, uh, I think is currently set about like 5.6 million something in that range
Um, I think that take is quite interesting actually because the the sale price is actually right on like the treasury value, which is about
uh in terms of like uh, the the the fdv valuation of sale so I think we'll be
When when we post the actual proposal we'll make all the numbers current but um, I think we will be pitching for
6.4 around about 6.5 million sale
Um, and then like we're trying to like stipulate some conditions to that
Although it probably would be very much a gentleman's agreement that
The liquidity is like maintained for at least a 12 month period
And that lined out commits to staking our sale tokens for for an equivalent period and maybe
Sort of in 12 months time we we revisit, uh, the liquidity
Provision and see if it's still appropriate and then maybe you know
Ratify it for another 12 months or something along those lines
So that's kind of the main features of our pitch
And and how we intend on structuring the deal
I don't know if you've got any questions or want to make any comments or
Or got pitching with anything that I haven't included
Well, first of all ryan, you know, I really appreciate you pushing this so early and so hard
I think it's a very exciting time for everybody here
And I think it's a it's a great opportunity to create a win-win situation for you
For you know, the whole ecosystem that we're building here, but also obviously for the osmo, you know
Osmo stakers and also osmo investors as you know
Such a deal increases tvl on osmosis. It gets new tokens on osmosis more trading volume more fees and so on
My question is um partly to you ryan partly to sebastian, you know with the
You know upcoming, you know
Proposals, you know from from we know aris is doing one jay, you know, jg is gonna do one
Ryan, you know just said he's you're preparing one. Where can we discuss these proposals? Where can we find them, you know written?
And um, you know come to some form of an you know off-chain social consensus
Yeah, I think that's a that's a great question and maybe sebastian will have to answer it in full I mean i've prepared like a
document, you know structured pitch
And um, you know discussing like the mechanics of the of the deal and and and how how we think it works and you know
Just giving a overview of lying down and all our metrics and some of the stuff that i've talked through here
I was speaking to sebastian to say like where do we post this right because I think social channel wise
You guys have like got a telegram, but we all know that like
Telegram is maybe like really messy for like organized
Um, so we're happy to go with like however you guys want to want to do this. Um
But uh, but we do have a document at least that we can we can point people to
Yeah, so it is a relevant point and a relevant question, um telegram is an ideal we do have a telegram
Chat set up but that's just going to be that's that's going to be tough
Right, so and you know forums like that your your traditional forums. They have their own issues
Um, and and then discord is another option, right? Um
You know, so we we got to sort that out, right? We got to sort that out
We will figure out we will land on some sort of a some sort of a vehicle
to have these kinds of discussions
Um in in a public setting right? Um, i'm i'm
Right now i'm leaning towards um setting up
Setting up some kind of a forum site. So
But we'll uh, you know, we'll get it we'll get it sorted. We'll get it sorted eminently in the meantime
You know between twitter telegram
Right, um and and him posting, you know, ryan posting the prop
Um and putting it on chain, you know
We we have enough we have enough places to have conversations and and to have and to go through with a vote
Right. So a lot of these things they'll just be
Uh firmed up and solidified kind of as we go, right?
Great, um, one more thing that i'd like to mention here is that
Um, you know as sebastian correctly pointed out y2l is the first
Non-native osmosis decks the first decks
To deploy on osmosis besides the native decks
And what we're currently working on and I think that will be um to the pleasure of everybody involved is
That the pools on the white whale decks will be tradable
Not only through, you know the white whale website, but also the website from osmosis
Where we're trying to get this in the short term
Is that you can go to app.osmosis.zone like, you know, many people are, you know comfortable with
Select whale select sail or you know roar and sail and trade
And you won't even notice that the pools are actually not on osmosis native
But uh on the white whale decks and I think that that's really a great abstraction
Away from where the liquidity actually is because for the end user probably doesn't matter too much
So that's you know a great ux improvement that we're working on right now, and I hope it will be live rather soon
And with that unless we have something more to say about
The the line dao and his proposal or their proposal
Um to jg and backbone laps i'm sure between the sole light paper
The airdrop announcements pretty much all of the nft collections minted out
Be so I think there's a lot to discuss
Yeah, let's pivot to jg I just you know, just keep um, keep your eyes open for
Stuff on the lion dao prop. Um, it will you know, he'll he'll be posting right his proposal and
Just look for it. Look for it to
Come up on chain, but that'll be the that'll be the first
First third party liquidity proposal on sale dao. So
All right, jg go ahead florida or ryan. Did you have anything you wanted to close with or we good?
I was just gonna say thanks so much for having me and and as always for you i'm going support really appreciate it
All right, thank you, sir. Glad to have you
All right. Hey, uh, good morning. I mean
Shit is popping right? I gotta say that uh, it's definitely not depressing
Hey, I just checked um almost half of the airdrop of the at least the megaloo airdrop has been claimed in five hours
I don't know. I I don't I don't typically watch this thing, but that seems
That seems like a lot doesn't it? I mean 50 million have been claimed. There's 50 million left in the pool
So, um, I don't know it seems like a pretty high participation rate
Yeah, no, that means we're definitely i'm i'm so excited about osmosis and everything that's been coming down the pipeline
This is this is like years of hard work
That is, you know coming to fruition kind of all at once and you know, especially for for backbone
So, you know, I even I know i'm usually all over the place
You know, but let's you know, let's look at some I guess some metrics like megaloo wales has you know
They have secondary volume. They've just broke 1.8 million in secondary sales, which I think is pretty impressive for
Like a maiden collection and the floor price is you know, basically 1900 b whale
I think the final closing price since the dynamic mentor was in play was around 600 b whale
So I mean things are are definitely humming moving and I think with enterprising tomatoes
You know these things were minting at at 50 whale 55 whale
Their floor price is like close to 300 and you know, we got sauce that's going to be made there
You know, uh, let's see the skeleton pumps floor price
Is way up. It's close to 150 luna
Again, and uh, you know the luna nft marketplace and chain is is picking up
Um, you know, we're super excited to have this opportunity to deploy the system on osmosis
We think that is like a big feather in the cap of uh, you know
The backbone ecosystem and like the ethos of what we're trying to establish on these cosmos chains
So, you know over there, uh, we think like 48 hours for the contracts to be fully done
That's what uh pfc said just give them like two days and that'll be up
And um, so that segways into the new site, right? So octane, um yesterday
He pushed a massive update to the site
And um, so we we are definitely getting close on all fronts
Uh, uh, and you know the new integrated grave digger will allow us to scale
Uh super efficiently, you know, I mean part of the part of the part of the challenge for us is
You know, we never we never expected, uh to get this opportunity. Let's just be honest
This is like this is a golden opportunity and like
It's I don't even know it's like, you know got to treasure it and but we are not ready for it
So now we need to optimize the system because each thing was kind of built independently which makes it really clunky
So so we're really close to having that all the databases up and ready. We're um, you know
I've been trying to get a hold of sunny. He told me that um
I I have we have dm. So like he hasn't seen him. I know he's busy but uh, he has um
He said he has uh, you know, 90 of art completed for a collection
But if I don't hear back from him soon, you know, I have other plans and we have uh
A pretty awesome artist waiting in the wings to do the the grave digger inaugural collection
We want to be able to get the marketplace up, you know within 30 days. That's kind of my goal
I want to be able to have a mint, uh
pairing a grave digger, uh into the system on osmosis and you know
Also that brings us into megaloo. We have uh, I was talking to ramone from the snakes
I think I believe he's going to be the next collection to mint on megaloo
That should be also in the next couple weeks and you know, we have the galactic mining company minting on terra, you know
The whole thing about backbone and I think why white whale is just such a perfect fit is that you know in my mind
Look, some people are here to get rich and just make money and that's cool
You know, I'm not gonna lie like money's cool, right?
But it's like kind of secondary. I kind of want to make a statement
I kind of want to make sure that cryptos freedoms insured and like, you know, I want to make sure i'm dead serious
Right. Don't get me on my soapbox. Like everybody's here for their own reasons, right?
But where do you want to actually like lay at night? Like I want this shit to be something that that means something, right?
And so we have this beautiful, uh, you know fresh start to like achieve something special
And at the end of the day if you're not in this cryptoship for the right reason
Like you're you're not gonna really you're not gonna you're gonna miss the boat man
Like, you know, we got to actually stand for something, right? And I think right here megaloo, you know
We had that we had that in terra and they fucking attacked us and and now we have to like change our viewpoint and like
Multi-chain this and get stronger together, you know
It's all about this type of expansion and and megaloo and whale is, you know, definitely spearheading, you know
making bonds and building bridges
Man, you know, that's just where I I know that's where i'm putting my money like
Lying down has done a great job of this of like building bridges making friends getting active educating
That's the next wave. It's like we have to educate
What's coming down the pipeline, you know?
I don't know don't get me started. Anyway, so we're trying to get this shit out as fast as possible
But I want you I want to get you started jg, I love when you get all cranked up it's it's very it's very entertaining
You know this if you think about it, this is another landmark kind of moment here for osmosis really
So we already talked about uh, what whale decks is the first non-native decks on osmosis?
Now we're talking about nfts on osmosis, right?
And uh, that's that's another first as far as I know, right?
So just with the with the voting through the sale prop
Now osmosis has multiple taxes and they're getting nfts, right just as as the first fruits from it
So I think that's um, I think that's noteworthy, right?
All right, who's next what other projects do we want to bring up here?
Uh, I think I think I'm seeing both jg, which is this
Yeah, I was just gonna say that I was just gonna oh, yeah, sorry go ahead
so, you know, we have uh a token that you know, I believe is kind of the
The what everything a backbone's about it's like this you not unification
Of you know trying to have maybe and maybe my eyes is like an nft d gen store of value
It's like a place where if everybody really understands the wagmi spirit like yeah, I get it
There's other systems that might produce a little more yield a little more free money
But if we use a different system
If we use this soul system and we store our value here in a system that has no inflation
And yet provides service everywhere to earn real money
I mean, I just feel that this is a dynamic that people can really get behind again
It's not it's not, you know, I want people. Oh, there's a thread that we attached
We updated the medium article and we're taking multiple snapshots. I think there'll be three
We're only going to announce the final one because obviously
This is the snapshots that are going to reward the people that participated the longest in the system
So and you know, there is a 100 minimum for wallets to be counted and I know that's
Gave them a little bit of confusion
But let's not be confused about it if there's a 100 minimum and you think you're doing it on a volatile asset
Maybe just put 140 150 or or just put whatever you want in there
But make sure that wallet counts if you want to count, right?
Yeah, because you know again, this is to combat like, you know
The farmers and the bots and the stuff like this
This is to ensure that people who are serious about you know doing something different and having a different
I mean just read our read our papers. See what we're trying to do
I really think nft phi is a different a different way of trying to bridge culture and finance and uh
If you're new to backbone, you know, we're trying to do something different. I really am so
If you have questions about soul get into telegram
Get ready for the mint on osmosis. That's all I can say. Oh and and chihuahua. We made it
I think we have a deal locked in with chihuahua
And juno tank and tank, right?
There's so many things happening right now
This new site is going to enable all of the scaling and like so i'm really excited
It's kind of everything's changing on the new site update kind of
No pressure no pressure, right? All right. That was a lot. That was a lot
I think you know what I what I want to highlight right? Um, so the sole airdrop is coming
It's coming down the pipe, right?
Um, I think this is a great time to just remind everybody
That there's either four or five six. I don't know how many more
Um air so we just had sale today
You know there is still an arsenal of airdrops
Coming down the megaloo pipeline and some of them are very very juicy. All of them are good, right?
And we don't we don't really even have a lot of details
On most of them, but I mean just the products and the tokens. So the soul for example, um
You know, that's a highly anticipated one
Eris token another highly anticipated one shark another highly anticipated one
If you guys played the beta the shark beta if you've seen the um, the yield, you know
That's that's getting generated for stakers just on the beta. That is very promising stuff
You've seen how the rack token has performed shark is going to be in high demand
Ginku jin token another very highly anticipated one. Um, am I am I missing some?
Is there something else i'm missing?
But we have a you know, we have a lineup of airdrops coming
Uh, we're just getting started right? We're just getting started. So and these teams they're free to distribute them
You know as as however they wish right they're they're free to do their they're just they don't have to do an airdrop
Right do your distribution. However, you wish
We have in the past few instances right with guppy and now with sale
Um sentcom has gotten very good and we've gotten very good at kind of maximizing one maximizing value
For our community, right? You know making sure it's worth it
But to showcasing our ecosystem and exposing it and and getting it out like, you know
Seeing people comment on twitter. Well, I just you know, I just spent a couple hours doing these missions
I didn't know that there was so much to do in the whale ecosystem and there was so many
Cool products and derivatives and things like that
you know, we we've kind of got gotten a template and a system down for these things and we're happy to consult we're happy to
We're happy to help any of our any of our ecosystem projects that that need help with that
But my point is that there is a steady flow. There's a steady pipeline of them coming down the line
So, um, we're just getting started, right? We're just getting started
That being said who who else I think we got the heat you should get up, you know
Yeah, yeah, braccoon. I don't know if ginku wants to come up and give any updates today
Um shark is here. All right. Oh, yes, that's shark raccoon
Um, and then hachiko what you know, we have the hachiko pool on our injective decks. He's up here
So go ahead sir while you're up
Feel free to share floor is yours
Congratulations everybody, um, this was by far the best
gamified airdrop that i've personally participated in
Um, what a gratification it had at the end of it
So I just wanted to uh, congratulate you guys on everything that you guys have been doing
About a month ago. We reached out to sebastian
Uh to basically help support the injective side
There's not enough support and megalochain is just such an upcoming chain and
Just want to give all the gratitude there and
Want to let everybody know that we will be putting in a proposal
With something that sebastian and I probably will be talking about later on
Don't want to give out too many details now probably a little bit further in the future here
Point in case here the most important thing is to really spread
And if we can help bring injective side
I think that that's a win for everybody
I totally agree with you. I think
In the earlier spaces. We we talked multiple times around our big picture strategy here with our cross chain deployments, which really allows
You know in every participant to dance where the music plays and dance when the music plays
So I think we have a very solid standing on terra. We have a very solid
Standing on chihuahua. We have a growing
You know growing ecosystem on juno, which is personally next on my list together with injective
Where we also need need to see more growth and now I think we're about to establish a strong fortification also on us moses
And you know with those with those chains, you know in our tool belt, you know with those chains
That we build on that we contribute to
I think we're we're in on a good. We're on a good spot here
But yeah, you're right injective is definitely a place where you know
Now it's all about us moses and that's fine. We we need to you know, put more attention there
But in the future we will need to get back circle back to injective and maybe like sebastian said maybe
You know the sale dao expands, you know, let's see where the wins take us
But we're doing a shark who do we have shark under shark account
And what about the shark better launch?
Loud and clear this sounds like a bruise man. This is a bruise man. That's good. Some good years you got this income
Good, yes famous bruise. Thank you. Thank you. Thank you. Thank you
So first of all, jesus christ so much is going on in this eco, huh?
Melted during the first hour of this space because I became over bullish and then I became depressed
Because the excitement was just too much to bear. I think you call this overload
And good old overloaded meltdown, man. This is yeah
Say that rub gin that rub shark hat rub iris hat rub soul hat rub
Expansion expansion expansion
I just I just really just hope it's not going to end out in one big implosion, right?
Anyway, anyway, his short update from shark
The beta platform beta launch has been a great success so far. Please keep on playing
Please keep on submitting feedback
and if you have any problems just
Everything everything just throw it at us man. We are developing the
Building we are expanding just like we should do in the miku megaloo ecosystem
So yeah, just go play your 20 plus games get your boost on the air drop
We still have two megaloo whales up for grabs to two random players
So go play in another account and go gamble it go game it
We've got the trading competition with 100 bucks for the first place best win rate and 50 bucks for the second
And 50 bucks is up for grabs for one that is retreating and following the account. So
That's just basically free money, right?
And like the top the cherry on the cream cake we got here a little cream pie. We just made right
Is the contracts are now?
Which means it can handle as many users as many wallets as
Many people just fucking stick it in and go
So now you guys are the limit. It's not the platform
Tested we can handle it. Oh i'm looking forward to that cream pie. It's fantastic
But let's talk about the win rate here for a moment
I saw a lot of screenshots on twitter with people. I don't know if they faked them
But I saw win rates up to 80 percent. I mean, that's impressive
You got some a you know triple a traders over there
You know, maybe some some guys the crystal ball, but that's really impressive
And I think what megalunatic pointed out was also very interesting
Um, he he saw that the staking apr which is, you know fueled by
People playing the game, right was also
It seems like even in this test setting where you know, there's not real funds
It's just you know play around money
You still got you know impressive, you know a working system absolutely the methodology it's working
Like even though the win rate of the protocol is like 46 percent, right?
The staking apr ran from 14 to 90 percent over
I don't know a couple of hours or something and that was because of the
volatility in the bitcoin price
So even though people are winning more than the platform the platform is still generating a insane amount of revenue for the stakers
I don't know if it's magic or if it's voodoo or if it's fake it's not fake
It's everything is on chain, but like goddamn separate mulch with they're just too fucking smart
They built this shit even even cencom. He wrote me the other day. I was like, can you get me in on the raccoon team, man?
I'm kidding. Of course. I'm kidding. Of course
That must have been the other day when I was mad at him and he was looking for new jobs
No, so like the game theory is working everything is just going fucking smooth
And that's why we just want all your feedback. We want all your negative comments. We want all your
Critic critiques we want all this shit
Because everything is going fucking smoothly
Put a stick in our wheel, please
Yeah staking uh staking shark is going to be fun I uh, I I got a I got a feeling it's going to be fun
Well, thank you, sir. Thank you for those updates. Um, we have the the legend requesting to come up
How can we not give him the floor the the the mega lunatic himself? Um
Before we hand it over to him. I will just i'll give it and by the way if anybody from ashdow
Or guppy wants to come up and say anything. Um
Feel free if you guys have any updates worth sharing on the call feel free to do that now
Um, i'll share a quick update
Um on ophir dal right and we you know, we have we have ryan here
I will say I will admit that um that lion dal is really part of the inspiration
Um, you know lion dal on on enterprise terra was really um part of the inspiration for ophir dal
Saw kind of the success and the organic growth and and just the experimentation there
Um, so I decided to start ophir dal and basically we have about 45 founding members
from the megaloo community
Deejans with various skill sets various talents and we're like let's go let's grow this thing, right? We we raised five million whale
Um, you know and now we're we're putting it to work
We put it we're alliance staking it and we're using the alliance rewards to buy back ophir to distribute
To ophir stakers, so we have um, so we have yield off the rip
We just acquired by the way, we just acquired btc about
6500 worth of btc which in um
As far as my understanding goes this is the first btc bridged over to megaloo
Um, but that will be a that will be a pillar right of our of our treasury and you know, we have a vision
Um, ophir dal has a vision to do some unique things
Sorry, somebody if somebody could just mute somebody up here on the speaker could just mute i'm getting some feedback
We we have a vision to um to have a redeemable treasury, right?
So basically what that means is if you own one percent of of ophir tokens
One percent of the supply and let's say there's a hundred million dollars in the treasury and there's bitcoin and there's ethereum and there's
Whale and there's this and that you can at any point from a simple front end
Just go and redeem your ophir for your share of those for the one percent or whatever your share is
Of those assets in the treasury. This is akin to say the gold standard of old right where
Bank notes actually meant they they were actually redeemable for gold right? Um,
You know, it's it's that idea. So we're fusing sort of the old
rock solid foundation gold standard with web 3 and decentralized technology
Um, you know got a lot of big brains there and a lot of momentum
We had our second founders call this week and i'm just i'm very bullish on ophir
I i'll just I will just say that and it's a bit. It's very exciting. Very fun
Um fun experiment and any of the founders will will tell you that as well
As a founder and a founding member of ophir now
So sure fucking angry that you didn't sell this idea harder to me because I bought the minimum on the otc
And I haven't been sleeping very well ever since
Yeah, yeah, so it's funny, you know, the founders are up they're up like three to five x and like
Everyone who's in everyone who's in the chats and who's at the founders meetings. Everybody wants more, right?
They're like, I need more. Give me more. I want more allocation, you know, um
You know found the founders are all bullish, right? That's um,
So so that should that should say something to you there. But yes, you're not the only ones there. You're not the only one
Go ahead. Give us your best shot. Give us your best shot. I'm sure you're full of
I'm sure you're full of piss and vinegar today. I'm sure you're full of fire today. So let's let's have it
Dude you sound so far away bro
Is that better or is it worse?
Miserable is it really I don't even know why and I hear myself why I think you're using
Or maybe you're using the wrong microphone on the on your computer or something
So hopefully we're not getting rubbed here hopefully not we're not getting rubbed by spaces
I don't think so. I think this time it's me a lunatic trying to rug us, but let's giving him a moment
I see ginku coming up here
Let let's give them a chance. Well me a lunatic fixes his mic
So we do have quite a few updates to share
and the first probably the most interesting for everyone is that you find lies the gin airdrop qualifiers and methods and
Not for the gin airdrop for a different surprise that we have for the community will be announced soon
so the white word test net
is already up now will to which is very good for us because
We are in the middle of the process of deploying all our contracts there
yeah, really trying hard to test it there everything all the new futures that we have and
Well, we're not trying but we're very close to finalizing
Some scripts for the collateral listing so that
Whenever we want to list collaborators in the future
We could do it in a few clicks and wouldn't have to
Work around this so much anymore
this snapshots for gin will start soon, but
We don't want to reveal anything specific about the date to
have an fair distribution. So
everyone, um, we shared the
Criteria once we will do it again for
Yeah for the requirements that people would have to do to get the gin airdrop so hang tight there and
By the way, yeah, so with that said, um
B. Osmo also buat all the assets and amp manta as well
So so close I I can almost taste them
That's amazing i'm looking forward to some more collateral there
Are you with us now? I think so. Is this better?
Much better, sir much better
Brilliant brilliant. Well just first of all, I just want to say wow
Didn't we come across last time?
Unbelievable stuff guys from right across the board. Um
Yeah, just everything's just absolutely flying at the minute
So it's uh, it's an absolute pleasure to be a part of the ecosystem quick one from me
It's nothing as big as what uh, all the rest of you guys are working on but it is something I think is a bit interesting
You might have seen it floating about there's something called meme allude out that we've uh
It's a sort of brainchild of ours
And what the idea of this is guys is um
what you've seen I think is probably the best space to uh to announce it is that um,
Miguel have been really good at doing sort of airdrops for communities and stuff, right?
I think we're getting a bit of a name for ourself with sour and guppy. It's been fantastic
And what we've seen on most chains at the minute is that people will spin up a meme token or something
And that meme token is on their chain
And what they what happens then is they struggle to sort of get it launched on the dex, you know distribution is a big one
um, they have to go sort of approach people like sabastian or
Astro port team or someone like that depending on what dex is on their chain to get liquidity to get it spun off the rip
They have to have conversations with these people and sort of convince
Um sabastian that the project is solid sound and that the otc and liquidity is is worth investing in right?
And there's pitfalls and mindfulness to that on on however, you do it. So
The various ecosystems where we've deployed ones that maybe are are up and coming and want to see a bit more liquidity on a dex
It'll be completely the communities a mixture of airdrop to stakers
And people who complete missions
Uh on the white whale dexes on their respective chain
And the idea behind it is
It gets fired out to them. It goes completely as an airdrop and a mission drop to their community to those wallets
I think the first one we're doing is called wind on juno
And um, it's a bit of a play on words
And it's also wind in the sails, which is the perfect time for it as well
Any idea behind it is to get it out there get a little a little bit liquidity
Seated on the white whale dex is effectively then
a white whale meme token that is entirely the juno communities and
See where they go with it. See if they make a
A go of it like guppy has on hound which has been absolutely incredible team behind that guppy dale the furnace and um
Dash as well. I don't know if anyone's seen that they've got that in their wallet now
I've heard some interesting things. It's what's what's going on behind the scenes with that. So
Yeah, it's to see if if these things when we launch if they if they take off and if people show an interest in them
um, some of the interesting things just to just to before I take some questions on it is that um
We will hold back some staking rewards, which will be part of the new lu dao, which is formed on dao dao on me glue
So people will be able to obviously back and stake it or we'll work out what we're doing it
We're sort of hashing out the details, but there will be some held back for staking rewards
and also there's going to be uh
5 um off the rip for incentives. So once the pools go live
We'll put that 5 straight on there and that will be um
That will be for the for people's uh for to farm those incentive should choose to another say this is this is not really for
The megaloo community as such it's more to go about um, please go and gamify it and and farm it if you think it's something interesting
But it's to try and uh sort of
generate volume generate interest on every white whale decks we go to we deploy and to show some of the products
that are available through white whale
Um, and as I say juno for us is um, I think sem mentioned it we're looking to go back to juno
Jg mentioned about tank as well starting the b juno project there
And it's just to give some them something on the white whale decks
Which is then which they can kind of be a bit assured of that it was I hate using this word
But like kind of a fair launch there's going to be there's going to be no no one person with like sort of
20 percent of the supply and ready to ready to do it. It's going to go
90 90 percent or 80 percent wherever it is out. I think it's 80 percent to the community five percent lp
Five percent for liquidity and then 10 percent for staking rewards. And yeah, you just have fun with it, you know
And it'll be I mean, this is the experiment the first one wind, but there might be there might be some more in the future
Who knows? Let's see how it goes
But uh, yeah, I just wanted to put that out there jg you had your hand up if you
Oh my god, you almost made me spit my coffee out when you said the name of the token right now
Well, it's a little bit of a plan words and and and funny enough
Um, we actually went for people that have been in the ecosystem long enough
We actually went to um, juno first for an equity injection
I think there was a bit of confusion as to what we were asking and stuff and and
Whether it made sense or not. Um, but I think since they've they've done some restructuring of like charters and stuff and they've
They've certainly shown more of an interest in white. Well, and I think um
It felt for us, you know, we've got so much overlap with their community now
There's been some people that have come into me glue from juno that have been amazing. We've got dal dal validating
Me glue now we've got um gelato and i'm gonna miss loads. Is it krista crypto dungeon?
I forget the other one, but there's there's quite a few that have moved over and they're trying to take a big interest
So it feels feels good to be able to just chuck something back. It's a mean token. It kind of means nothing but at the same time
Run with it. Have fun with it. See where you're gonna go and at the end of the day, you know
You can check the wallets in the mean blue dal on dal dal on me glue
None of us are gonna none of the wallets in there are gonna have any tokens on it
He's a drop to the juno community. So
Yeah, that's just where I wanted to
Wanted to put that one out there as well
How's it going nigga lunatic
Um, thanks for dropping the link inside the chat and bringing us in here
Um real quick. I actually had a question in regards to the doubt that you guys have
We would love to participate with you guys
With uh with the white whale community and stuff like that
Um possibly bringing our launch pad that is launching next week to the migalo community to help
From the dows that will be incentivizing other projects
Is this something that could be a possibility
Now we are talking this day just gets better and better every day or every minute that's fantastic
You know just on a side note, so for um
For projects that want to build cross-chain. We have a specific program called right
So, um, I recommend to check that out
Um backball labs raccoon aris ginku we've all banded together under this banner and and built these
You know amazing cross-chain applications and ecosystems together
So, um, if you have an application that makes sense in this, you know group of products then check out the the program
And regarding, um what you're doing with mimalu
Um, I think that's it's really cool. It's highly experimental. I mean, I think it's even in your twitter bio
It's a highly experimental, you know meme coin doll
And I think it's good because you know a lot of people they fall trapped to
Or you could almost say maliciously distributed airdrops
And I think if you have, you know a fair airdrop like guppy, I mean guppy there was textbook fair distribution to everybody
Um, which is why it has staying power now
So I think trying to replicate that and give a little bit fun to the various communities raise awareness for the products
That we have on juno on us moses on the other chains
It's worth trying it's experimental. It might not work. But then again what is lost?
You know, there's little to lose and lots to win. So those are typically
Typically bets I like to take
Let's see if it works if it gets attraction if it gets liquidity if it gets new users if people have fun
You know either keep on doing it or stop doing it. So I like that
and talking about dows, I think
Holly folly is just coming up here
On megaloo, which is the ash dao
So holly, how are you doing?
To speak you have to unmute yourself he was unmuted then he muted himself
Please unmute yourself again
Hey, i'm gonna say that holly's been killing it in the background if anybody doesn't know this
Guy is everywhere. He is really
And while while we were talking about you know, the ash dao I think it also makes sense to get crypto dungeon up here
for those of you who don't know crypto dungeon crypto dungeon
is a prominent dao and validator and
You know that they do build games and they have a very vibrant community and they stream and youtube and all that stuff
On juno and they've just expanded to megaloo and now
You know crypto dungeon and you know our community we're exploring ways of how you know
A more structured collaboration could look like for example in the in the context of the right program. Nice
How yeah, how are you here? I am sorry. I got it for the first time. So I came back in. Thank you guys
Um, I just want to quickly
This is yours. How are things going on the ash dao?
By the way, I see a burning fish in your profile picture. That's not good. What is it's guppy ash
It's gash. It's it's um something we're working on and we don't want to you know, spill all the
Alpha yet, but I will say we're working on some use cases. We've been talking to some groups
Um, there's some different possibilities
That we want to do kind of multiple. We have at least one we want we have a a game i'll say so we want to gamify this
And so there will be use for the gash. Um, we were talking to different groups
We were talking about possible airdrops still so, you know, we got the the sole one and there's possibilities of others
So, uh, don't think the uh, the burning is done yet
Uh, the soul really update with the the levels now so with the hundred and two hundred and five hundred
So, um, I really believe the soul airdrop is going to be huge. Uh, and so i'm really excited about that
So make sure you burn your guppy to be qualifying for that and your b assets and um, yeah
We're really excited. I'm talking to jg. Um, we got some great ideas coming. Um, there's also
Nfts the guppy Nfts are still in the works
So we got those as kind of a way to get the word out about what we're doing and try to draw new people into the
The megaloo ecosystem. So very excited about that
Um, like I said the airdrop conversation is going off a couple other airdrops possible, um, including memelu
So I want to just throw this out there like we're talking to a lot of people
we've been talking to megalunatic at memelu and uh,
Love, you know what he's doing figuring out ways to to work. We're talking to
Liondao who's there as well. We're trying to we're trying to figure out some otc stuff now with our treasury
Um, also just you know talking to hachiko. I don't know if I said that right but uh from galactic mining recently, too
So we're working on some otc stuff. We want to diversify our treasury. We're now
Growing up as ashdow. Thank you all for the um proposal passing. I think we're the first community
Everyone, uh, you know, we we feel we feel the love we we love what we're doing here. The team is excited
Um, we've got things moving
Um, so I would say this if you have a project that's thinking about two seed deals, um talk to us as well
Um guppy dao is definitely part of uh in our relations. Uh, I hope you know that guppy dao and ash dao are
Together right? Uh guppy dao is kind of a sub dao really thankful for patrick
I don't know if you guys know patrick or calube there. Uh, he is phenomenal
He's helping he came on the guppy dao just started getting things together
And then now he's on ophir and stepping up even more and um, I really believe uh, you know
What happens with these dows and and people coming out of the woodworks?
That's what happened with us. We kind of stepped up and
Then we became ash down and now we got amazing things to do
So anyone's on this call who's kind of looking for a place in crypto
I know that um, that's what patrick said at calube
He said like I was just looking for something and now he's found a couple projects, right?
This is the place megaloo is a home where you can find
A place to to use your skills and there's people and teams here
So I just want to encourage you like we're all kind of just stepping up into it and I love the leadership of white whale
Um, when you talk to senkom, he's like coming along we call him the sensei because he's just been guiding us and helping us
But letting us you know find our own way seb is always just some kind of like
Watching eye who just has the jewels of wisdom. He drops at moments and and helped encouraging but also again releasing
so it's it's I love what's happening at megaloo partly because
They kind of they got this great ability to have a strong leadership
but also have kind of a the crypto decentralized kind of feel and it's not an easy balance because
You can go way too decentralized where you just do nothing, right?
It's like play those critique of geocracy where it ends up being a bunch of idiots
Just loading on everything and nothing getting done
Or you can have like oligarchies and or like dictatorships that get you know, too heavy-handed
And I think megaloo's got the right recipe. I don't know about you, but i'm feeling kind of the wave building. So
We are very excited to ashdow
to look out for is definitely
Keep an eye on what we're doing with the different
Groups because I think we're going to start to see
The building of dows together like I said galactic mining
Lying down like there's things that are just kind of happening organically
So if you guys keep an eye out or if you're part of these things, you know speak up and make connections
That's another thing I want to say like just
Reach out like it's been cool having these discussions with some of the amazing big names that will just you know, give you the time of day
Um, so we want to say thank you for everyone. We're really excited
We got some of the sale airdrop in our dow as well
So we're trying to figure out how to to get in there and get that stuff, uh settled in but um, we got our liquidity growing fast
We got uh plans for a gash, you know, we got some ideas on a pool. So keep your eye open
Um, and hopefully uh as things continue forward, you'll be able to see
Uh what we're doing ashdow kind of you know, take off because we're we're not done. We're just getting started
So, uh any questions i'm happy to answer or anyone else wants to speak up?
Don't you love this guy? I freaking love this guy
I love him. I freaking love holly. He's amazing. He's he's amazing
And you know one thing that they've been really good at and holly in particular, but but ashdow in general
Um, they've been very good advocates for megaloo, you know reaching out just beyond our own our own echo chamber our own ecosystem
These calls right they're going over to other communities other
Cosmos communities the juno community and even beyond over to to eth influencers, right and this youtube or in that and you know
They're kind of spreading the word on on megaloo, which I think is is
Um, it's much needed, right? It's much needed work. We're this hidden gem, right?
We have all this energy and all this momentum now, we just need people to know right and people knowing and and you know, I um
I appreciate the sentiment. I appreciate the words about you know, maybe they're just being a good place in and I I agree
And that's we've we've tried to create that culture and kind of foster that culture where um, this is a great place to come
And and either build or just get engaged somehow just just engage right there's stuff to do
There's things to get involved with and we're kind of we all have skin in the game
We're kind of all on this journey together. So I i'm glad that that's um that that's catching on right
Um, I think we've gone through pretty much the updates
Anybody else any questions open floor is open. We'll open the floor for just a couple minutes
Um, and if not, you know, we'll take any questions and if not we can uh, we can land this plane
Yeah, just just one question here, um
Kind of combining together
That's being kind of put forth here
Is that a possibility to kind of join forces to?
Kind of bridge over some of this liquidity that are on these bigger chains and things of that sort
Yeah, I mean I'm not sure 100 percent what you mean, but I think I I am a little bit I mean what I will say is that
We've seen an explosion of dows, right? Especially on megaloo. Um, we've just seen an explosion of a minute
I love it. Frankly. I love it. And i'm at the i'm the one launching most of them, right?
Um, so i'm i'm chief one to blame for that
But um, I I think at some point
There will it does make sense to consolidate right to reorganize to join forces if you will
Um, you know, you kind of have this initial blast and just dows everywhere
Um, but but then there is sort of a consolidation a reorganization and kind of assuring up
So I mean, yeah, I guess the answer is yes. I mean it's it's where this is a this is the bleeding edge
It's uh, it's a whole new frontier. So whatever makes sense
Right. Um, if it makes sense for two jobs to join together, right? Then then great, you know, um
It's kind of whatever works
I kind of bring it up, uh for one reason just for the
the the the main purpose of
These individual dows that will be reached out to by different projects that possibly want to do launches or something of this sort
Auditing by our firm or whatever it may be
We will be there to to assist and I just want to reiterate that
All right, anybody else questions if not, um, i'll just i'll
I'll close this i'll land this plane
Quick quick remark from my side. Um
So people are asking like oh I completed this mission and I didn't get the address or whatever
Um, please reach out in our discord. We cannot address everybody individually in this call here
Um open up a ticket in our discord. We are trying to figure it out there. Please bear with us
There is uh, there's been a lot of tickets opening
We're a little bit overwhelmed there. So if we don't respond immediately
Just bear with us and uh, yeah, thanks for your understanding. That's
Yeah, I mean it was a pretty complex airdrop if you think you
If you think you didn't get the right airdrop the right amount, you know at one double check first
Um, everything i've seen so far has been correct. So, you know, there is a possibility there is on your end
Um, but if you're you know, if you're if you're confident that there's been an error just just ping
You know, there's a way to open a ticket on discord. Yeah, that's a that's a good note
All right, everybody, um, this has been one one hell of a call
You know as you can see if you're new here
Um, there's a lot of fire the the fire is burning burning hard over here in the megalow ecosystem
Very excited about a lot of things. Um sail dial launch today
Airdrop, you know the deployment we're going to see liquidity deployed on our us, you know
Our osmosis tax is live as of yesterday
Um hallmark moment for osmosis and for megalow. We're going to see liquidity pile up there
Great opportunity for bonding your whale your whale lst is there
And that's just the tip of the iceberg between that and all of our projects
that are building and deploying and opening dows and launching nfts and
Doing airdrops and you know, who knows what else you know, we're gonna at some point
we're going to have to restructure these calls I think or split them up or or something because
Um, it's honestly it's too much, you know, it's it's just too much
We you know to bring every single builder up and have them give updates. It's it's worked up until now
Um, but we may have to restructure and just um, you know, make it make it more efficient or something
I I don't know but in any case, it's a great problem to have right the energy here is fantastic
I'm very proud of the community. I'm very proud of of all of our active participants
You know, you can feel the the vibes the loyalty the kind of dedication
You know this this thing only works if we all if we all jump in and make it work
Right if we all kind of dig in and make it work and and play our part right do our
You know stay in our role stay in our zones and and do what we do what we can that's what that's what web3 is
And that was that's what the centralized finance is right? We're all we all gathered here together
We all have what we bring to the table and we're all trying to make this thing fly together
you know, and I I just think it's um, it's amazing to watch and it's amazing to watch as we
Um as we watch it lift off in real time here, right? Um, very excited
Very excited about this year, you know, the next couple of years I think can be fantastic
For this community and this project. So so thank you all
Um, we'll we'll see you next week. I'm sure we'll have tons of updates again. Everybody have a good week and we'll uh
We'll keep on we'll keep on killing it lfg guys. Let's go