I don't know if you were able to speak, but let me just invite you right now. I think I invited you already, but I shall do it again.
as eclipse pad able to speak I can see you still listening but I invited you as a speaker already multiple times
Now change I can see. I'm here just being a bit funny with my connection. No worries, no worries. You coming through loud and clear. Awesome. Let's just give it a few seconds or minutes for every
everybody to join in. But how are you today? Where are you situated in the world? I'm here sitting in gray Copenhagen looking out at a very, very boring weather. I'm in Bali. I'm actually looking at
the average weather as well. I'm sitting here and pouring down the rain outside. I'm actually going to share this link on our page and then I'll actually share it in our group as well. I'll get those guys to do it. We'll give you a second. Awesome.
No worries man, no worries.
I'm just sitting here and being your weather in Bali. Man, I could use some time in Bali right now, that's for sure. It's raining, it's pouring down in rain. Still, I think it's better than here in Copenhagen.
You just gave me some pictures of when I was in Bali a few years back. Just sitting here and dreaming myself back to the days in Bali. Yeah, living in a little place called in the Watu. I mean, I've been pretty spoiled because I'm from Australia and I'm from Gold Coast in Australia, which isn't
that bad idea. I'm a little bit spoke with that but yeah it is an honest place yeah. Just another thing. We kind of get evening rain like we it's worth the season so we get like sundry in the day and then evening it kind of storms. Yeah is it monsoon season right now isn't that what they call it?
It's not called monsoon season here, but it technically is monsoon season. Yeah, yeah, okay fair enough fair enough. Well, yeah, let me know when when you want to get started and then then we can kick it off.
We should be good to go. So you're just sharing the link in the groups. Sure.
I don't have a discount on the phone. You might share in the link in the discord channel. Yes, sir. I can do that. Just give me a second.
Kent? Uh, now I was talking to... to... ribscums. Oh, okay. Fair enough. Doing multitasking this morning I see. Oh, it's not morning for you, but...
Let's get started and then you know some people might come in later and we can do a, like, there'll be a recording. Are you recording the yet? Yeah, yeah. Yeah, exactly. We will, yeah, just so everybody knows, we are recording this and we'll put it up on, of course, Twitter that happens automatically, but also
So on different podcast platforms, Spotify, et cetera. And then we also do now videos where we put it up as a YouTube video, which is some random customer's animation looking into the sky, but then with the audio and the background, which people find pretty nice, it seems.
So we started doing that. But yeah, welcome everyone to the Cosmos Club where we talk all things Cosmos, which we daily about what's going on and then we summarize that in a week, the newsletter and then we invite interesting people who are building the Cosmos to spaces like these and today we got the
clips pad. Welcome to the space. Awesome, thanks for having us. So let's just dive right in. We've been talking off the air, I guess you can say, a bit back and forth. But what is a clips pad and why do people need to pay attention here?
What is Eclipse pad? First launch pad on the Cosmos EGAS system? First proper launch pad, I'll say, because we've had a couple of iterations that haven't really launched or really done much.
launch pad on the Cosmolcego system, initially building on Juno Network and with plans to be a DAP chain of launch products, so the coming a DAP chain of launch related products, which is cool. So, you know, the purpose of launch pad is to launch new projects to help project
And bootstrap the initial community. It also acts as a great mega phone or broadcast tool helps to bring in users from out users and attention from outside the ecosystem and helps project to raise funds. So the idea of Eclipse pad, you know, we've built a fairly innovative model for
As far as launch pads go, we really focused a lot on bringing more sustainability and accessibility into the space. Launch pads have often been birthed out of ball markets and have been fairly unsustainable, especially the ones that did build and launch in the ball market due to the
they didn't need to be sustainable. So we brought a cool model around sustainability and some cool stuff. And really the vision is to launch major projects and depth chains and help them raise funds but also gain their initial community base and bring in users from outside of the
Cosmos into the Cosmos ecosystem. That's Eclipse, Pat and Enat Shell. Nice. And tell us a little bit about how this came about. I think a lot of us listening to this, we know about crowdfunding platforms, Kickstarter or something like that that comes to mind immediately. I haven't
seeing at least personally, I haven't seen like launch pads done this way, which is great to see in the, I mean, you've seen like Binance launch pad and all these like centralized exchanges, I think, but not so much in the decentralized way. So perhaps a little bit of a background, how this, how this came about.
You are mute, it goes fast.
I mean, there are definitely some decentralized launchpads, at least semi-decentralized. As far as Eclipse pad, where semi-decentralized at the start, it's very hard in early days to run. I think the difference may be permission versus permission is a better way to say it. And in the dangers, like permissions launchpads take a little
long time were quite hard to build because there has to be quite a stringent vetting and ability to weed out poor projects and bad projects. So a lot of time there has to be a lot of support from a team in the early stages that help the projects with their launch and raise and marketing as well as making sure the vetting is there so that the community is
So that's why I can be a little bit tough from the commission list or the more full decentralized, but we do have plans to go more community based like down decentralized as well as building a platform that's more like a decentralized kickstart and marketplace. And that's not immediate. That's a secondary product that we have to work on a few models.
for external vetting and stuff to make sure that projects coming through a legitimate and not broke pools or poor quality projects. So that's on that front how did it come about? Well it could probably actually building on Terra. It's been a development for about 15 months now so there's quite a lot of
meet behind Eclipse Pad. It was a platform by the name of Luna Launcher that was planning to launch on Terra and never got around to launch. So Terra collapsed before launch was possible and then it was really looking at this kind of, "Okay, what is the opportunity where do we move? What is the opportunity now that
it's kind of a bear market and where is the need for launch pad and cosmos for something that came up and it's still baffling to me that there is an active launch pad in the ecosystem and many VCs are talked to still confused because launch pads are a fairly important piece of an ecosystem around like launching and exposure
for any ecosystem. And there was demand for launchpad. All these projects were launched pad, these founders were launched pad, demand for it. And so that was really like the move, making the move over to Cosmos. We got a grant from Juno, we came over with
We've looped and a few of the other terror projects got a grant from Juno To build on top of Juno and you know service the cosmos ecosystem as well as the Juno community and You know there was really like okay, there was there was actually you know a period of time there that was like okay, we'll rebrand blue and architech clits bad, but also
So how do we look at the model and how do we improve it because the Lunar Archimodel was good, but it wasn't in my opinion good enough for the next couple years to come and what needs to happen to shift and to adapt and to make the model better. So a lot of time spent on improving this model and figuring out different ways in how you can
bring in more revenue sources for the platform, longer terms of sustainability and how you can give users better access into these ideas. It gets hard, especially in a ball market. When the market kicks in, oftentimes the tears start getting very expensive, the scalability isn't there. So this is what we're really thinking about building this new model.
Nice, sweet. And why are customers, I mean, so you started with Terra, so was that a natural sort of, after the Terra collapse, was that a natural sort of, okay, let's see what's out there, and then customers came up pretty quickly after that. Was that the natural progression, why you build on customers today or?
Well, this is an interesting thing and I don't know where there's too much publicly, but we actually have codebase built for all the major ecosystems. So we actually are technically already a multi-chain law and fat like we could be. Polygon, E, F, B, C, Salana, all the chains, we have codebase built. So we could literally very quickly be a multi-chain law.
chain launch pad that does launches on five ecosystem at once. But the way that you know I saw it is there is a there's a much more power. If you become a multi chain launch pad from day one, unless you've got very solid, I don't know, you maybe Binance launches you or you're like your Binance
It's very hard to gather quality investor loyalty and build strong investor base. We don't want the floating people that are there to the quick wins and jump out. This means that you need
to build a narrative and you need to actually capture an ecosystem and bring value to an ecosystem and launch projects for an ecosystem that has a lot of projects to launch and really create a solid foundation of early supporters that are good investors that are not your traditional necessarily launchpad users.
And then expand from there, right? Down the line with net market shares big and the platform is bigger and needs to scale bigger. That's when you go to step two or step three or step four, right? So for us, we saw this opportunity for Cosmos where Cosmos has a lot of like really good
good projects launching, chains, all this sort of stuff, but it needs a little bit more work on the marketing front and exposure and bringing attention into the ecosystem. And you kind of see this phenomenon happen and I see it going to a lot of conferences where users are like, we love cosmos, but they've never participated in cosmos or you may look at another chain that you
are interested in you're watching it, but you never participate because there's never that action step to get you to take that first step. So Launchpad can really act as that first step where users want to participate in these public sales or launches and they can actually now then participate pretty easily and actually
participate and actually become part of the network, which we see as kind of a really good onboarding mechanism rather than just, oh, we'll teach you how to join the network. That doesn't mean someone's going to do it until there's a reason. We saw this with anchor on Terra. There needs to be a reason for people to jump in. Yeah, true. And I'm just sort of thinking to myself, why you
speaking about this is how you position yourself in the ecosystem in general because as many of the people listening here and in general people get attracted to customers because of airdrops, you know, all these different projects launching and then airdroping if you stake Adam or Juno off
Osmo, whatnot. So that's usually the way people get at least awareness about new projects coming up, which is great. I mean, money talks, right? Then you got something like a Smosis Frontier, for example, when there's a LBP, the QDB pool-strapping pool set up typically.
for discovering price of token, market price. So I guess the way I see Eclipse pad right now is that you sort of in between, right? You're after an air drop or maybe even before an air drop, I'm not sure. But how do you position yourself in the ecosystem? Yeah.
Yeah, I'd say we're going to be for an LBP. Typically you set ranges on an LBP anyway. They aren't necessarily mutually exclusive. You can still do an ADO and do an LBP. I'm personally not a huge fan of LBP for some reasons. They're good for a cross-discovery, but I think they're not the most user-friendly for us.
or maybe certain users. But in general, I think we'll be complementary to Adrops and we actually work on a few cool things to actually enhance Adrops to helping projects to target better with Adrops, so less spraying and spraying. I think the launchpad also helps to bring exposure from outside the ecosystem, like initially it will be an
method of bootstrapping within the ecosystem as well as raising you know bootstrapping liquidity so raising funds to bootstrapped liquidity which is important but I think it will become a really powerful piece in terms of attracting cross chain users and cross chain investors because they drops currently don't really do that they currently they drop in the ecosystem
And they're not necessarily super targeted, right? I mean, we're working again on a few things to target these air drops, but the launch pad, the plans that have been more targeted with the users, like the investors that we want, you know, getting in, they're already putting skin in the game, they're, you know, committing to, you know, purchasing tokens. So there's an awesome comment.
complimentary piece there where it's not like you're raising, it's not like a coin list where you're raising $50 million on a public launch pad, but you're actually bootstrapping communities there and I think it will become an important piece of these chains launching as well and targeting some stuff, not just air drops. Yeah, nice and
I mentioned that, but yeah, as you say, spring and praying is certainly a thing right now and people are trying to game the system, you know, creating multiple wallets and staking a multiple wallets and there's just all these sort of gamification of almost about it. So it will be much cleaner to have a launch pad where everybody's sort of equal. So the
say, equal the opportunity to get it. It's the skin in the game and the way the tears work and stuff is like it uses that do have some more skin in the game do can have a chance getting more allocation, but also enables you to increase, do you have more control over your participation, right? Because if an adrop
Like you'll sure you stake your junior you stake your Adam, but if you're outside of that you don't necessarily get to determine if you want to participate in one project You just have to be part of the snapshot you don't get to determine but he also get some sure you're paying for token rather than you know getting the mage up to you But you also kind of get some ability to control that and
and then an air drop round. And I think it's going to fully replace. I think air drops will still be around and I think we want to enhance the air drop model. So we actually want to help make that even better alongside the IDO. So many projects that launch will probably do air drops and will help them to facilitate better air drops and better targeting some cool background for
that we're doing with that. But yeah. Nice. And I think that's a pretty good strategy. I mean, as I mentioned earlier, like the one of the big reasons, if not the biggest reason that people get into the Cosmos ecosystem is because of air drops. It's a really nice, elegant, if you will, way of, you know, you can stay at them that people normally start with and then sort of the
diversify your portfolio by just receiving adrops. But it is not as like that's fun for maybe the first month or two and then after that you want to more typically and then you branch out to June or osmo whatever but having access to a large part could could really be a nice addition to the
sort of ad drop strategy, diversification strategy that a lot of people look to when they get into the Cosmos ecosystem, I think. So, yeah, well, one interesting thing about ad drop is one of my problems as well is when we hit alt season, we hit like launch season and you start getting 50 ad drops at once, right? Like what if you're an atom staker and suddenly
Everybody is is dropping to Adam. Suddenly like that wears off right you have 50 projects You may be one or two that you've heard about you're probably gonna dump the rest or you're gonna miss claiming these air drops because there's too many at once There's not there's not a promotion channel for it, right? It's just like the air drop itself says the promoting but with the launch pad
There's that plus the promotion that comes with it, which is like a place that you go to and you can read the research on the platform. You can you can look into these projects. Like we're doing, you know, getting external DDE company to come in and do some pretty decent DDE and publish a report, right? So these kind of things enable you to kind of a users to come in and do better research rather than get an ad
drop, but they maybe haven't researched. They don't know much about. And in the pice pumps, because people buy it or launch, but this still isn't really much research done on it, because it's just an ad-rock. Which is another case. It's a good platform to drop in for sure, but there's a couple pieces for sure. And that makes the question in terms of
your positioning and how you differ from air drops and as well as frontier and all that, how you vet projects because I think that's a huge value add that you do some level of vetting because as you also said spring and rain can work to some extent but you also have a high risk of burning your your hands
So you're portfolio so so how do you guys vet the projects that that's interesting? I think a lot of people Yeah, but we have to be careful with this terminology. This is something that's come up in the last week or so like we actually do fairly heavy vetting But we also can't take like legal liability for investments on the platform Mike there's no matter how much you vet there's always making
maybe something that's going to slip through. I don't see it getting any run pools or anything because of our vetting process, definitely. But in terms of investments, we can have a checklist in the parameters that's like, we project this, this, this, this, this, and we vet them as the best of our possibility. But the project's success is also based on other factors, right?
like a VC investment. They invest and some of them don't go this way, but you put on all the parameters. So a couple of things that we look at, like obviously founders and you know, well, obviously KYC founders by the scenes, we're looking at their track record experience, the team, all this sort of stuff. They may be anonymous front facing, but by the scenes they will have to be very
So that's definitely a big thing. We look at advisors, backers, all this sort of stuff, right? Have they had decent VCs on their cap table, have their race funds? That's usually a pretty decent indicator in many ways, not all the time, but in many ways because then they've put in the work to have to go through those funding rounds and race capital and
and build those connections and this typically clouds and a lot of push that comes from that. Things like revenue model, emissions, tokenomics, making sure that there's sustainable long term, that there are emissions and they unlock and stuff are all decent, that there isn't any shady behaviour going on in terms of having too quickly or
12 year on locks and sometimes not always be the best depending on how they're structured. So that's important and looking at things like go-to-market strategy etc. So we're looking at a fair few different things and so the ideas to vet internally so we have a front filter and then we have this external company that does vetting for a lot of EC
that does investment report. So the idea is that we do our own internal and then we'll pass them on because our guys and final phases will go to these investment guys, we'll make a public investment report and publish it. And then in the only stages that will be like green light or not, but then we'll go second phase, we'll go to a Dow Council so there'll be a community
representatives, DER Council, that will give a vote and give a green light, yes or no on the project. And eventually we'll go community governance when there's enough kind of participation and we kind of set. Then it will be kind of a governance vote by the community. You go, "Hey, here's the investment report. Should we launch these guys or not?" Vote yes or no.
Nice. And that makes sense to do a governance or a vote to ask a community. And the token holders, which brings me to the question of your own token. So tell us a little bit about that. And of course, there will be some people out there who's asking themselves when a drop and all these different things.
So we'll have the clip token. We're actually going to launch without our token initially. So we're actually going to be doing launches pre our own token, which is strategic because we want to showcase a really strong working product before launching our token. That's a huge thing for us. So the token is called the clip token.
And it is a utility token and the government has a couple of utilities. The main utility of the clip token is to participate in IDOs. So, staking, the clip token gives you something called cosmic essence. I've actually written an article on this. So, if you want more details,
to check out the article pinned in the thing. But give you a cosmic essence and that basically determines allocation and participation in IDOs. And there's some really cool features around that. There's also, we also, it'll be used for governance in the future for when to go on chain will be used for
the network as well. And then the other pieces with built some cool, there's a few other, actually a few other utility. But some of the cool stuff is around like the revenue model that we built in around a lot of the revenue models will go but to buy backs and burns as well as like then going back to stake as a
they kept stuck in search for cool. And when when a drop will be when we launch it, it'll likely be Q1 next year. Yeah. Yeah. And for anyone who hasn't checked your website, there's a roadmap there where people can see read more about it. And I guess also the white paper.
They can, there's a link there somewhere where they can see more information. The docs aren't released yet, but I released like a kind of like a compressed roadmap token, like a roadmap token and tokenomics article. So that's actually the pin post on our Twitter page. And thank you.
a pretty good scope and there's a couple of articles in there that are worth reading and that gives you a pretty good scope of what's going on. The docs are still being worked on but they're pretty meaty and nice so they'll be not too far long. Nice. And on the sort of tokenomics and buybacks and revenue as
mentioned. I think right now there's a huge debate going on across the cosmos ecosystem between coins that are inflating a lot, but also providing very high-staking rewards. And then there are the other camp, which is a, I would call them real, real yield coins, could
comes to mind, there's a whole debacle about Adam, 2.0 and all that. So there's these to be like a great discussion going on there. So I want to zoom in on that and how do you guys generate revenue and how does that reflect in the sort of token and buybacks and all these things on your end?
I think you're breaking up a bit.
Maybe there's some internet issues in Bali.
You sell with us the Eclipse? I believe I come through without any clear, but...
Okay, I can see the second user
connecting so I think there's some issues. Sorry about that guys.
By the way guys, if you have any questions, feel free to raise your hand and I will take a note of it if you have any questions to eclipse path that you thought of. You can also of course comment in the Twitter post that we did and just Twitter reply and I'll bring up the questions to eclipse.
I can see it clips also saying that they have internet issues on Twitter here.
They should be back in just a moment.
all our questions answered. Sorry, rain killed my internet. That's fine, no problem. So we'll be up
Yeah, yeah, as I was asking about the revenue that you mentioned from the eclipse platform because right now there seems to be a great discussion of the bait going on between highly inflated high-staking rewards currents versus quote unquote real yields revenue kind of
of coins like Cogira, Adam 2.0 comes to mind also. So where do you guys sit in that? Because it sounds like you guys have a clear plan for the revenue part. Yeah, so it's actually in the middle, right? So this is where Adam 2.0 kind of differs. My vision and my belief around this is that if Flation is in
important, especially in the early days, to be able to generate real yield, right? So I'm actually like inflation into real yield, rather than just inflation for the sake of inflation, inflation to generate revenue to create sustainable revenue, right? That's the worst, because if you're trying to generate real revenue from scratch and
you don't have a bootstrapping mechanism. It's very, very challenging to do. It's not impossible, but it's very difficult to do. And then it's hard to track the right stakers and the right kind of incentive mechanisms to kind of build from that. So if you look at the way that many companies in Web2 grow, a lot of them kind of grow very fast and they consolidate, right? So we'll
The way we're doing it is, you know, our inflation will initially come from the eclipse token, so it will come from emissions. This is where the yield will initially come from. We have a revenue model, we have a couple of revenue different sources that go back to buybacks and burns, which are pretty cool. So one of them is NFT
So when you participate in a IPO, the positions are vested, you better convert those into NFTs and actually trade that position early on the market. So let's say you want to dump early, you want to exit your position, you don't want to wait six months, you can actually trade, turn that into an NFT and trade it OTC on a second.
market. Now we have a royalty fee set on that and so basically you're able to trade that and the royalty fee can then go back to buybacks and burns of the token. We're working on a similar thing for air drop NFTs as well so we can facilitate these cool air drops and we can set some royalty fees on the trading of these air drops early and some of it can go back to the project.
some of that can go back to buy back some burns. Same actually mechanism can go to staking NFT positions as well when you can convert your time rock staking positions into NFTs and trade them early. So this is a couple of mechanisms that collect fees from general activity that goes back. There's a couple other
other kind of, the theme mechanisms, but the biggest kind of long-term revenue model for us is really accumulating a kind of similar to what Adams actually doing with the allocator. And actually, Juno is looking to do is collecting tokens from the accelerator, a small portion of tokens
And the portion of tokens from the accelerator will go into a pool that will be used to generate yield, not sold and the yield will then go back to to long-term stakers, which is basically like the more successful projects you accelerate and launch, the more this pool kind of builds up and the more eclipse pad kind of grows over the long term in the
is a long-term vision. So the buybacks are more like immediate and then the other stuff is more like longer term. Nice and is that similar to what happens on Cogera for example where if I stay Cogera or could the Cogit token I get a piece apart of the revenue that is generated from
all the different protocols or steps that are built on Kojira. So in practice, I basically get when I stay kuchi, I get a lot of income from all kinds of tokens like stablecoins and all kinds of tokens. It's really nice again. It's slightly different. It's more like let's say, you know, there's 1% of your
So this pool then holds a small token allocation of 50 projects that have come to the accelerator, right? These are typically chains or that has, you know, POS and things like that. So a portion of that is then used, that's then staked and that's staking yields and past of the process.
So technically you're getting a piece of kind of everything coming through. But yeah, that's that's kind of one of the revenue plans a few other revenue models, but I won't cover them in this kind of call, but yeah, that's the way we're looking at it. We're looking at short-term revenue. We're looking at long-term revenue and how can we build long-term sustainability so it's not based off emissions in the long term#
Nice and perhaps so now we we know a little bit about the platform. We know a little bit about the token even though I'm sure there's some more alpha coming out as we as time passes on. How does the the platform sort of work together with the token perhaps like let's say I want to launch Cosmos Club network and I want to
have a launch use you eclipse pad as a launch pad for that. So I come to you guys, you vet me or my organization, my team, etc. And then what happens? How do you go about this? Yeah, so we look at a couple of things, right? So we're looking at like value launch valuation, we're looking at the fit for, you know,
a few things that's part of the vetting. And then we basically go and we basically negotiate on how much you're looking to raise. And then we're looking at, you know, when you're planning to launch. So that's, you know, the big thing we have also some kind of leeway with kind of allocations, what kind of allocation sizes are you looking, how many users you
wanting to participate, etc. So the big one is like launch them out, right? So it's a bit of a negotiation phase because there's a kind of a range that we know based on that specific time, a specific launch. We've got a rough idea based on what's happening in the market, what is a reasonable amount to launch that will sell that is not
like too much and then not too little. And then based on that, we can kind of do a raise within that range. And so let me break maybe break down how the idea of steps work. You have, you basically, there's two rounds of cat whitelist with a whitelist application phase that's also one, but there's
round one of them is called the white list phase and one of them is called the first and first serves. The white list phase is the white list and to get onto the white list phase you need to apply for the white list. So you actually need to press application, you need to be KYC and I know this is really annoying but it needs
to happen because of regulatory perspectives. We're working on a few solutions called decentralized KYC. It's less burdensome than having to do a KYC. You won't have to KYC for every launch. KYC wants and that's done. But US uses company space due to the nature of Daddy Gary.
So it is. So we worked on a couple of ways in which there will be indirect participation which is pretty cool. So, whitelist to get onto the whitelist is to have a high chance on the whitelist. This is where the token staking comes in. If you stake your token, you get cosmic essence, cosmic essence places you into a tier, the hybrid tier, the high chance you
have a allocation and the high allocation you also get. That's the model for the white list in general. The first thing for service around after the white list. Once you've applied for the white list, the white list period happens. We're opening up a better test later
this week so we're able to test this and actually test the flow. And in the whiteness period, then the whiteness determined based on factors like tears and we're working on a couple other models like social engagement, social scoring, wallet history, a few different things to kind of give benefits to those that are kind of better holders or
more, you know, more engaged, etc. So in a white list, the white list is determined, then you then it opens up the private round, the private round, you get a chance to purchase your allocation or up to your allocation. After that round closes or the overflow that has to be purchased also goes into the first and first serve where there's a flat allocation.
for the first and first serve round. When that round then closes, there's a period, there's a law, and that's typically like depends on the parameters of the project. If they've got other launches to do or they've got other things before TGE, which is token generation event. Token generation event is when the token is generated, so genesis basically
and that is when people get start getting their tokens. So what they'll do is they'll get a vesting contract on the platform. They'll be able to go on their dashboard, they'll be able to see the vesting contract. When you test it beta test later in the week, you'll be able to see this as well. And then that will be distributed over the period of the vesting period and they'll be able to plan their tokens from that v#
and claim their tokens. And then they'll also be able to convert that into an NFT, which will be traded on the secondary market. So that's kind of the flow and how it goes. You'll be able to test this in beta. It's a private beta already open. And public beta will be opening into the week. So you'll be able to test this out. Nice. Yeah. Shout out.
to everyone, go and test everything and tell the clips pad if you found something that they should be aware about. But I'm actually super impressed. A few of the crew here have been testing it. It's a couple of little things. But overall, I was actually super impressed with how bad it all went.
floorless from start to finish your maps. So pretty excited. Awesome. Pretty excited. And just to make sure I understand it correctly and everybody else on this call. So it's all paid in the eclipse token. No, all the like no, no, okay. So there'll be this is actually pretty cool. So
Currently, we'll be USDC in Juneau to start off with. We'll be opening up to have basically most major cosmos assets. So you'll be able to do IVC swaps from Atom, Osmo, Juneau, USDC, etc. So you'll be able to use that to participate. It'll do a swap in the backend. The project will be USDC.
So that's cool. Then the second iteration is we're working with Squid, which is a platform built on Toll of Axelar to offer a cross chain participation. So users from each Salana pretty much any major cross chain, um, chains with assets. We're able to use those assets to participate directly into the IDO. So we're going to use your e and you'll be able to bridge it.
in your e with one or two clicks, literally use your e to participate in the IEO, which is pretty cool. The same thing they're developing for centralized exchanges, so you'll be able to actually participate from a centralized exchange from that front. And then there's a couple, we're building out a couple of volt-dow structures where they're used staking yield to participate.
But that's something for later. Yeah, yeah, you can't launch with everything at once. You have to sort of drab it over time. Super. And just a quick question on Juno actually because you also mentioned now that the repeated Juno, why did you guys
you guys choose to build on Juno just out of curiosity because there's been so many options for you guys after the tear collapse. Well there's a couple things right like the community for Juno was one of the biggest drivers to go there right like when Terra kind of collapsed there was so much like there was so much
Like the junior community reached out and out of every single ecosystem and grants and everything out there. I mean, there was literally every single chain was like it was kind of like the ever was vultures right everybody wanted like the terror projects everybody wanted stuff. We got grants from like every ecosystem that you can man name right but the junior community was both far the most engaged
and the most out there for, obviously bringing in. So there was thousands of votes and comments on "Come to Juno" and we were dealing with Karen Garrison and all of these guys directly. And so it was just made sense that we came from your broken home, we wanted to find a new
new home that was very welcoming and had a lot of active users. And then there was also a grant as well, so that obviously helped. And we set up home based on Juno and it's a good kind of place to start getting incubated in the cosmos. So yeah, exciting. Fantastic. And I think it speaks volumes how many
projects are launching on Juno Network. That should tell everybody something that they are here to stay. I'm not trying to shield Juno anything. It's just the number of projects that I've spoken to on these spaces like these. A lot of them are launching on Juno. That certainly carries some weight there.
So that's fantastic. Is there anything else you would like the community to know? Is there some alpha perhaps that you forgot that you want to mention or people should test the upcoming test that you guys are launching? Like anything that you want to leave the community with? Man, I drop way too much alpha as it is.
I dropped two things. Make sure you check out the articles because I've been dropping some cool articles. We've just set up the Discord, so the Discord is kind of cranking now. Public TestNet will be out. AirDrop, I want one people to be really to understand that the TestNet just because you put your spend in the TestNet doesn't mean you're eligible for the AirDrop.
There are specific parameters for each community that we are dropping to that are based on actually governance and a couple little things that are the requirements to be part of the air drop. Now, once you know you're eligible for the air drop then we have the action steps and the test net is one of to claim a piece of this air drop the test net will be a piece of
this. So if you go and do the test net, it'll be open for a while. Like we're going to run that test net for like, you know, maybe a couple months. But basically you're what we saved and then you'll be able to claim that piece from the claim page. The way that we do in the adrop is really cool. So I'm not sure if you're aware of Dragon Ball Z or Dragon Ball Z as the Americans
So we're doing it like a click the Dragon Balls NFT air drop. So basically you're going to have five actions each one is going to have a eclipse Dragon Ball and that eclipse Dragon Ball will hold a certain amount of tokens over a vesting period. So for each action in the actual steps, you'll be able to claim one of these drugs.
So we're doing a fun exciting collector dragon ball and a teardrop. Awesome. Awesome. And actually there's a lot of projects that we're going to be doing.
I can see doing the similar things with NFTs with great success. Tori comes to mind like the Riot NFT collection. I don't know if you guys follow this, but this seems to work. So never change a winning team or winning strategy in this case. Yes, it's fun. It's something
new, right? It's something exciting and new. It's kind of like an East Egg hunt, right? And you're going to steal these Dragon Balls, trade it onto the second market. And, you know, we'll have a royalty fee to touch those for trading as well. So, you know, that will be a job revenue source for trading an adron. Pretty cool. Awesome, man. Well, thank you so much for coming on.
If there's anything else, I mean, we're here and we will follow you very closely. We will make sure to check out your testnet that you guys are launching pretty soon. So yeah, thank you so much for joining the Cosmos Club today and Godspeed to all of you. Yes, thanks for hosting us.
Yeah, check out the medium because this article's like they're dropped there all the time and that's a good place to check out what's in apps and things coming. So obviously, it's good, Discord and Telegram, but the medium has like a lot of articles that check those out. Thanks for having us and thanks for hosting us. I hope you got some value out of this space. Definitely man. Speak soon.