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Community Catch-up, June 12
Recorded: June 12, 2025 Duration: 0:24:20Space Recording
Short Summary
In a recent discussion, the team outlined key initiatives aimed at fostering growth through strategic partnerships, staking opportunities, and a revamped grant program. They also noted a positive trend in decreasing hacks due to improved security measures, while actively pursuing listings on major exchanges to enhance visibility and trading volume.
Full Transcription
Thank you. As I'll wait a minute or two before everyone joins so we can have a few more. Hvað er það? Thank you. Thank you. Thank you. Okay.
Okay.
Okay.
So I think, yeah, tiny bit issue. Okay, everyone, so we can just turn just spaces, go over a few updates that we have.
Maybe if there are any questions, always feel free to kind of leave them here in the chat, here in the chat. you can all get. So last call, we had one thing that I mentioned
and some questions about was what are we doing with marketing
because it was said that marketing initiatives,
you haven't seen anything just yet.
you haven't seen anything just yet.
One thing to mention there is that
for all the marketing initiatives to start,
there's always the timing issue where,
that I mentioned on the last call as well,
last call as well,
if we want to start with the marketing,
in the sense of KOL, VR and all of this stuff,
we would need to see similar companies work for other projects as well.
We're in touch with different projects for partners for people we've worked with in the past as well.
So we see or hear that things like that are starting to have effect and will start as well.
But currently, we're trying to reach more to us, and more to help to start pushing those to the next topic. One of the things that we wanted to do as well,
just one moment.
Okay.
One other thing that we also,
I wanted to talk about is potential about how it was the move of the company treasury. It's about liquidity, making sure that all our liquidity in the exchange is covered. We do some other automotting initiatives, but most of that is making sure that liquidity
is on point.
As we have had ST tax performed from CoCoin, we just wanted to get ahead of it.
The reason why the value is so big is because instead of us doing a lot of
transactions, we do one, one, two, one, two, one, and one, two, one, two, one, two, one,
four months. So that's the reason for that. Another reason for that is we want to look
at potential staking. So we're speaking with KuKun on how to start staking with them.
We have done one kind of recently and we thought that they have some things in there,
requirements and specifications, so we're just going over to them
to see if we can qualify to get to it with KuCoin,
then we'll see what other options are there so we can do some
more savings.
That's one of the reasons why there's a move as well.
Then moving on to the next topic.
Next topic is about the community initiatives.
A while ago, we said that there's going to be a grant program for projects.
We have had some developers or some teams reach out.
Sadly, none of them were not good at any requirements that we have set and the requirements that we set weren't very high.
So, yeah, none of those pushed out
were able to get any of the grants.
So what we're looking into right now
is expanding the grant to right now
is expanding the grant to social is expanding your brand uh social
community so for example if you do a tweet that is an amount of likes or engagement then you'll get
amount of tokens so we're working on doing that as well we're just um we're not what's the
rate of engagement for all users to get access.
So, you know, you don't ask, you have 100 likes,
you don't get any tokens.
So the way we do it, this is not an opportunity.
Let's say 100 people are able to get 10 likes on the post list
and they won't get a reward.
So it's going to be like a requirement
rather than everyone competing with each other
because we want to have, let's say, a fair way
and we want to get some rewards.
We also want things like how many people you invite
for example, how if you refer a project,
for example, that if you refer a project, we're looking to expand the ecosystem grants towards the communities from the projects that peopleamicals, but yeah, that's the thing that we do,
by the way, so we want to have more of our community
rewarded rather than just going to take away the tokens
and to nothing but...
Okay, so let's see if there are any questions.
I do not see any on Telegram.
Let's see if there's any comments here, comments here, questions, and I don't see anything.
So, yeah, yeah, it should be.
Okay, yeah, so those are the updates.
Other thing as well that we have noticed is there's a change in the way that hacks have happened recently
take a look there less and less hacks happening because of smart contracts and it's mostly issues where people are doing mistakes and it's causing them to lose a lot
of their funds.
So that's one of the reasons why in one of the posts for example we have like uh that's being lost
so is push the protocol as we're pushing a lot more as the uh which is that by having
by having the COVID tokens once they have been lost by the way that the hacks happen,
it is the best to gain more traction, increase the number of projects that are decided to process,
and to also get the new partnerships going and so on.
Trying to prevent hacks, right now know it's just with smart contracts. It's not hard,
but hackers are not used to exploit smart contracts as much as they used to. If there's
exploit. It's something that's very, for example, there was a specific issue with a chain
point, a contract, but that's not something that we could have predicted. It's just something
that was there. So it was an issue or like a flaw in a smart contract that's not necessarily
something that can be predicted because it works as it's intended but because the way it works is flawed, the
security system does not keep those things up.
You only find them out either by looking for it or someone expresses that once that you
just see it.
So the better way for users to apply these features is to just make it where you're able
to cover the tokens.
Because if you just do what's happening right now, where the protocols wins, they are able
to cover where the tokens go and they try to figure out what to freeze by speaking
with uh server computers tether and hoping they respond time uh yeah our partner they
can just freeze it and they can just uh recover anything within 20 uh that's that's our biggest
advantage right now and that's what we're trying to push again
so yeah that's kind of like uh we are so the tech and uh how we are seeing to like uh push the project forward um one question when you think about violence uh when it comes to overroading, as mentioned on the last call as well, if we get
listed somewhere or if we get listed, do anything specific to get listed, we would very much
like to get to the big exchanges that is never provided by one.
So we have applied exchanges to get listed and we're trying to to figure out
what's listed there best way is to increase the ecosystem and show the use case uh other
than you know just volume but getting the amount of volume that those images need it's going to
take quite some time even if we're next in price we still need quite some time um to
get into that in order to get listed so building and retake a system
is the best way to do that so we don't have a date but we have a get listed big exchanges
big exchanges. There's also questions.
the marketing technically will for the actual season the season no it's it's not like like it old season when you see the projects or doing 20 doing plus a and they do that
something like that so at least that single season single season happened but there's a lot of capital out there being invested from what we heard and everyone is
for the right moment to just start investing uh once it happens you're gonna see like uh
like other like these bigger tokens that have been around for a long time move at a very high time break
like they're all things start going into the smaller one of the ways as well
the moment starts doing very well performs Bitcoin a ball
large margin most of the budget,
it's not gonna be as effective as it happens where any type of announcement
just a big impact right now if we make big announcements or something like that,
it will have an impact
in the sense of reach and engagement and visibility, but it won't have the fact that you guys would
talk in the sense of the fact that.
Yeah, so that's a good question.
Very quickly, just to mention when it comes to token price.
So, mostly, as a company does not have any control of the price.
So, just to make that very clear to the community, so it's the only impact that we have is what we do with token utilities and
what we decided to do with the treasury.
We want to pass tokens in the open market.
We wouldn't ever like to do that.
We need to like payment in what we do with tokens, we want to do as little as possible so we put some pressure on the police on our
so yeah we do not like have any say so we're doing that so we're trying to
We're trying to present the best system that we can.
We're trying to work on something.
We're trying to basically create the narrative for the security
and we'll try to write them.
We'll try to write them.
Yeah, I'm looking some issues with the voice
and voice and I get .
But I'm going to have a summary of the rewards
very well to meet the summary of everything else so it should be fine
um when it comes to being worked behind the scenes, we're mostly working on partnerships and things.
So we're trying to get more people involved,
to get more products involved, more people to mint tokens
with us.
When it comes to mostly doing mink tests right now,
as we mentioned before, this is the time
to build
more tools.
We have built so much that even if we just
will just be going a circle.
So we're not building anything new at the moment.
The only thing that we're hoping to build is the AI box
that we have mentioned before.
But that's what happened in collaboration
with another project if we're on some terms there.
If that doesn't happen, we just keep maintaining
and doing the regular methods that we do,
tools that we have.
Other than that, it than that focusing on increasing ecosystem and uh
everything
okay so uh so i guess most of the questions.
Let's see if there are any questions on Twitter. um
or do we have other trading pairs right right chain i'll just possibly well i just want to do
any other they can anything on coco gate you can have uh slice it i think i'm not sure And I think on KuCoin Gate,
you can have a slight speed, I think. I'm not sure.
But yeah, just the usual.
It's not really worth it to look into the bottom.
Okay. Okay, just one last time.
To do a few of those.
Okay.
Okay, I don't need any more questions,
so do not take too much of your people's time,
we can wrap this app here, and we'll try to have these aims more frequently as well.
We'll try to have date rate item two times, once every three weeks.
And there's more we'll have all three as well.
So keep an eye out for the next announcements
for the inmates.
I'll see you there.
There's gonna be a summary of the main thing
that's appear as well.
So if you weren't to put on time or okay,
we're having issues, you'll be able to
Okay. Thank you everyone for being in.
So bye. Thank you.
