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Dejitaru Tsลซka: The Dragon is here to reign๐ #TSUKA #Ryoshi
Recorded: March 1, 2023 Duration: 1:27:19Space Recording
Full Transcription
Okay.
Welcome, everybody.
Let's see.
We need Jeff up.
I have Jeff as a speaker, and I'm not sure Dragon Demnox was on the list.
Hi, Jeff.
Hello, hello.
Great to be here.
How are you guys doing?
Welcome, yeah.
Yeah, good.
Yeah, I just need to set everyone up.
I think we've got three others.
Let's see.
Is Dragon Demnox one of the speakers?
Yeah, I'm on.
Thank you very much.
Oh, okay.
So I've got you two.
Let's see.
We've got Paddy Stash, I think.
Yeah, Paddy Stash, one of the speakers.
And Pepard.
Jim might be a few minutes late.
I see Paddy has joined.
Oh, okay.
So I think, yeah.
So I'll send an invite to Paddy, but he's not replied yet.
You do have to be on your mobile to be a speaker as well.
Desktop doesn't work.
Yeah, there are spaces, unfortunately.
Okay, well, we can add people as we go along.
Jeff and Tosuka D-Nuts.
So I'll get started.
And we can go into Tosuka.
We'll probably start with the backstory of Shiba and then move on to Tosuka shortly.
So welcome, everybody, for this Welcome to Up Spaces.
I'm Glenn, your host.
Today we have Tosuka joining us.
So we've got the community here to have a nice community spaces discussion today about Tosuka.
And we will start a bit of history for Shiba if anyone is interested on the amazing things that happened for Shiba back in the day of the bull run on 2.21.
But first, guys, maybe you can just tell us a bit about yourselves and maybe how you got involved in crypto and maybe memes as well.
Any stories you have about memes from the past?
Hey, what's up?
Go ahead, Patty.
Okay.
Can you guys hear me all right?
Can you hear me?
You're great.
Okay.
Cool, cool.
Well, I'm Patty Stash.
I've been in crypto coming up on seven years now.
But I do come from a traditional finance background.
I worked at a hedge fund for a while.
I worked as an analyst.
I worked as a trader for a little bit.
And I just really enjoyed markets, economics, and just that sector of life.
I got into crypto, like I say, almost seven years ago.
I'm a big fan of looking for small, undervalued companies that I believe have the components to be potential monsters.
I've had plenty of 1,000X tokens.
I had 10,000X once.
And I actually got in SHIB back when there were about 1,500 holders at the end of January, beginning of February of 2021.
And I sold a little too soon, but I'm not too mad over that.
Actually, I'm a little upset, but I feel that Suka will be my redemption.
So thanks for having me.
Jefferson, you're up.
Right-o.
Yeah.
I got into crypto in 2019, 2020.
Got heavily involved in another fully diluted token, like Suka is.
The problem was, with this fully diluted token, the team had the most of them, and they dumped it in an inopportune time.
I bought it at 30 cents.
It went to 16 cents, and it went all the way back down.
What differentiates Suka from that crypto is the fact that there's no allocated team tokens.
So that is what attracted me first to Suka.
Suka, you know, I'm not a rich guy.
I haven't been doing this for a long time.
I'm just a normal person.
You know, I have a bit of a talent for some writing, and I contribute in that way for the Suka Senga.
I do the weekly newsletter and small proposals for other things going on.
So we'll get more into that later, but, you know, I've been around since July, and it's really encapsulated a lot of things for me.
It's changed my life entirely, and I'm happy to be here with you guys.
Okay, thank you, Paddy and Jeff, for the introduction.
So, yeah, I'm just going to start with maybe a backstory on Shiba.
Paddy might want to put his fingers in his ears because I'm going to mention January 2021, where, yeah, it seemed to sort of start to explode.
But going back to August 2020, I'm not sure how you guys know about Ryoshi and how he set it up, but I think it was a stealth launch, 5K launch, and it just sort of flatlined for a long time.
And then, yeah, as Paddy mentioned there in January, it was a great time to get in.
The market cap started rising.
The volume started rising.
And, I mean, it was zero volume on the, I think, the 27th of January, and then on the 30th of January 2021, 5.7 million volume in 24 hours.
It was amazing.
And then, obviously, it just went on a journey for its first ATH in May the 21st, 221.
It was 7.3 billion volume in 24 hours.
That was amazing.
And then, yeah, three days later, May the 24th, it lost 70%.
It was an all-time high value.
So maybe some people that got in late there were grumpy and there was a lot of food going around.
And it just flatlined again for four months and then boom again into September.
The volume just went through the roof.
And then it was an all-time high again in October 28th.
221, 32 billion in 24 hours was the volume then.
And I'm not sure, yeah, if you guys can remember, it was around the 31st of May 221 when Ryoshi deleted all his Twitter and socials and everything with regards to that.
We don't know, obviously, whether Ryoshi is male or female, but we'll just call him a he for easier purposes today.
But, yeah, it's an anonymous person.
And, yeah, if he, maybe that's where I thought because of the ATH on the 21st of May 221 and then three days later, the massive drop, the FUD could have been terrible.
And, you know, he just wanted to become maybe part of the community and couldn't be dealing with, you know, people complaining.
And there's maybe a story there in sort of long-term holding because, yeah, four or five months later in October, it hit three or four X more than the ATH from May the 21st.
So, that's the sort of story in the way you sometimes have to diamond hand huge drops and huge rises when it comes to memes especially.
So, yeah, guys, I don't know if you want to fill us in.
I think I had everyone on mute there.
But, yeah, Paddy and Jeff, if you want to fill us in.
And if you can remember about the early days of Sheba and, yeah, the continuation to the huge ATH in October 28th and something about.
Ryoshi and when he sort of disappeared and, yeah, go ahead.
Well, I guess I'll chime in because I remember it very, very well.
So, I like the way that you broke down the different dates and the different time frames of when it had big volume.
And, you know, so the main difference that I see between Suka and SHIB is the timing of the market.
So, when SHIB basically came alive, it was towards the end of 2020, well, beginning of 2021 when it made that first real big pump.
But late in 2020, it still was moving.
So, it had at one point, I think, 12 zeros.
And going into January of 2021 when it made that pump, it went from nine zeros to eight.
So, at one point from third quarter of 2020, it had 12 zeros and just kind of crept under the radar.
And during that time, lost three zeros.
Then during the pump in January, lost a fourth zero.
So, basically, that's a 1,000x during that time when nobody was paying attention.
So, there was one guy that actually put like $150 in, like near the inception of the project.
And his unrealized gains at one point were over a billion dollars.
I don't know what happened with that person.
I don't know where the wallet is.
I completely lost it.
But that just kind of shows you the potential money that you can make if you buy at the right time and if you sell at the right time.
Because, obviously, we know it continued to go much higher.
So, you know, the point I'm trying to make is during this bull market, while SHIB remained under radar, the price just slowly was creeping, creeping, creeping, creeping.
So, at that time, that was pretty much the start of the market.
You know, I guess, you know, mid-2020 is when Bitcoin really started picking up.
And then, usually, once Bitcoin pumps, alts tend to follow.
So, that's what happened.
So, when SHIB made that big pump in January, everybody paid attention to it.
Actually, I shouldn't say that.
A few people did.
That's when I discovered it on that pump.
So, I kind of waited for it to settle and I bought in a little bit.
And then, I just kind of watched it, you know, go sideways, like you were saying.
But I knew that since we were in the middle of a bull market, it was only going to be a matter of time before people discovered the token because it checked off all the check marks in my book, so to speak.
You know, like I say, I've been in the market for over 20 years and I have a checklist of things that I look for.
And SHIB checked off all of those.
So, I basically said, this token has all the components that will create demand and essentially attract people.
So, that's what pretty much happened because a lot of people were associating SHIB to Doge.
And that was what was the kind of the catalyst that gave it that first bump.
And Elon Musk kept talking about, you know, Dogecoin, Dogecoin, but then one day he said something, I want a Shiba Inu.
And so, I'm going, yes, that's exactly what I was hoping for because I'm thinking people are going to read that.
They're going to see SHIB and they're going to think SHIB.
And sure enough, when he did that, it exploded.
Another thing that they did is they took half the supply and they sent it to Vitalik Buterin's wallet, which I thought was brilliant.
But there was a little issue there because they were initially saying that those tokens were burned.
And so, I know that they're not burned.
They were essentially moved to a wallet where nobody thought that they were going to be accessed or nobody, you know, nobody's going to touch them because it's VB.
You know, the guy's a billionaire.
What's he going to do with a meme coin?
So, I was having this big argument with the community.
I'm like, hey, they're not burned, everybody.
Like, you know, they're moved to a wallet.
But it's a great thing because I'm going, there's a lot of people in the market right now that aren't really experienced.
But when they look at this token, they go, oh, my God, Vitalik Buterin owns half the supply.
So, they buy it.
And I'm going, oh, my goodness.
Like, this is another little element that gives this token this catalyst of demand.
So, all of these things perfectly played in together and the price just absolutely exploded.
And then Vitalik Buterin one day decided to dump $50 trillion, which was the equivalent to $1 billion.
He donated that money to India.
And then this is kind of where I sold my position because I have this moral compass that is just, it's brutal.
So, because Vitalik sold, you know, the price obviously dumped.
But then all of a sudden, all this news and press started coming out.
Like, SHIB community donates billion dollars to India.
And I'm like, whoa, wait a second.
SHIB did nothing.
SHIB sent tokens to him at the beginning.
And they told everybody they were burned.
But then all of a sudden, when VB dumped them, then they said, oh, let's use this to our favor.
And I'm thinking, okay, guys, like, you know, that's kind of a cheesy thing to do.
So, I ended up selling.
I regret that because that was the point where it really started to get attention because everybody's like, wow, what is this token?
They donated a billion dollars to India, and then they got listed on Binance, and they got listed on Coinbase.
And then, you know, the rest is history.
So, at one point, I had 4.5 trillion tokens.
And, you know, I regret selling because right now, if I still had them, they'd be worth $60 million or $70 million or something.
But the point is, you know, Ryoshi was supposedly the guy behind it.
And then, you know, as you say, he disappeared.
And then all of a sudden, this new token pops up, Suka.
And so, somebody came to me and said, hey, Pat, check out this token.
I think you might be interested because we believe that Ryoshi is behind it.
So, this was July 3rd that I saw it.
And, you know, just full transparency, I have over 20 years experience, and I never, ever, ever, ever will chase a token because there's always going to be another opportunity.
I always tell people the best trade is no trade.
And what I mean by that is, I don't make a trade unless I feel like almost 100% confident I'm going to make money.
Because if I'm thinking to myself, oh, I feel 60% confident, you know, I might lose my money or lose some money.
So, I just decide, hey, skip this, wait to the next one until I feel more confident.
So, when Suka came across my, you know, radar, I did my little checklist, and I'm like, oh, my God, wait a second.
This is something special.
But the thing that really caught my attention was the organic start that it had and the distribution of the tokens.
And, you know, Ryoshi's vision, Ryoshi's dream was always about decentralization.
So, my belief is that when SHIB kind of went that route of centralized, you know, now they're talking about working with the World Economic Forum.
I don't know where that is.
I remember a couple months ago something came out, and I'm just thinking to myself, that is like, there are, I think of evil when I think Klaus Straub or whatever the guy's name is.
But I just, I feel like he's evil.
And so, this company is talking about pairing up with them.
So, that goes against everything.
That's decentralization.
And I'm wondering if maybe that's the reason why Ryoshi left.
I don't know.
So, Suka, in my opinion, is Ryoshi until it could be disproven.
You know, because in this market, so many people do everything based off emotion.
They don't really do it based off, you know, numbers and statistics because a lot of people aren't experienced.
And so, you'll see, you know, big influencers talking about tokens and people just buy just because these people are talking about it.
You know, so when Suka was at $0.15 after it pumped from $0.00001, people were buying it.
But then, all of a sudden, you know, it reached the saturation point, of course, because it went up so much.
It was up like $10,000, $20,000, $50,000, I don't even know.
But then, people started to sell.
And then, the price dropped back down to $0.04.
And nobody was buying, and I'm thinking to myself, this is so strange how crypto works, where people were willing to buy at $15,000, but not at $4,000.
And I understand why.
It's because, for one, they're scared.
It's fear.
It's the unknown.
They don't know because it's at $15,000.
It drops all the way to $4,000.
They're going, oh, man, maybe this is garbage.
I'm not going to buy it.
But if they really understood the fundamentals behind it, they would have seen such an opportunity, at least in my opinion, because you would have been able to buy four times as much.
So, that kind of proves to me that this market moves a lot on emotion, and it's just, there's a lack of experience.
So, the main thing, you know, I realize I'm just rambling on here, but the main thing that I want to point out is, when SHIB did what it did,
it did so in the middle of a bull market, when Bitcoin was at, you know, $60,000, and it was ripping, and the whole world was talking crypto,
and, you know, the governments are giving people money, and they're dumping money in the markets.
So, that was then.
Now, we are on the cusp of a bear market shifting into a bull market.
As most people know, Bitcoin goes on a four-year cycle.
So, historically, every two years, you know, two years down, two years up.
It's kind of how it works out.
So, we're right at that two-year mark right now.
And so, I believe, from this point forward, the market is going to slowly start coming back to life.
Bitcoin's going to start to move, and as Bitcoin starts moving, people start talking crypto.
As people start talking crypto, they go, hey, remember when, blah, blah, blah, blah, blah, blah.
And so, it's going to take a while.
We get back to that time.
But the difference between SUKA and SHIB was SHIB was pumping in the middle of a bull market,
whereas SUKA is basically coming into its own at the start of a bull market.
So, we have, in my opinion, a year, a year and a half, maybe even almost two years,
that the market's going to press higher until it peaks, which I think is going to be the, you know,
first or second quarter 2025.
So, from now till then, I have no idea how many different little catalysts that will create demand
or interest in this token that will keep driving it higher until we get to that point.
So, that's the thing where, you know, people are asking me, what do you think it's going to go to?
You know, you think it hit a dollar?
I said, I think I could hit a dollar once it breaks 15 cents.
But people don't look at the logarithmic chart.
So, anyway, I'm starting to ramble here.
But I believe that SUKA is a token that has so many little different elements that create interest for people.
And because of that and the simple fact that it has this outlier math as far as the token distribution,
that is like nothing I've ever seen.
And when you talk decentralization, find me another token that has a more decentralized token distribution than SUKA.
I've challenged people.
Nobody could do it.
And so, to me, that's important.
So, it's made of all mathematical absolutes.
There's one billion tokens total.
All of them are distributed.
And when I say distributed, they're all held by retail individuals.
You, me, your friends, your family.
There are no separate wallets that were created by the developers at the inception of the project.
So, as Jefferson said earlier, he was in a project that was fully diluted, but the team held the majority of the tokens.
So, when that right time came, when the volume was pumping and everybody's going, this token's going to the moon,
they went and just dumped it and just destroyed it.
And that demoralizes people.
I never have to worry about that with SUKA.
So, the simple fact that I have this peace of mind that I know I'm not going to get rubbed.
I know that there's one guy that can't dump and drive the price to zero.
I know there's not a team that could sell 10% of the tokens in one day.
I'm literally just sitting, holding, and waiting.
And as more and more people come in, more and more influencers come in, more and more exchanges eventually get listed.
Those are catalyst, catalyst, catalyst, catalyst, demand, demand, demand.
So, already, this token is being discussed as, like, the next possible big thing.
I really do believe it will be for a million reasons.
And the weird little thing here, it's a token based on a dragon.
So, meme coins became the thing last market cycle.
They actually were kind of growing a little bit back in 2017, but Doge was the only one that really got attention.
So, the next market cycle, meme coins are where everybody was.
The world is still going in that same direction.
So, I believe this next market cycle, all that money that was going to meme coins last market cycle will do the same this market cycle.
So, what happens is people always look for the next big thing.
In 2017, it was Doge.
2020, it was SHIB.
I believe the next market cycle will be SUKA.
So, it's like you're basically buying a token that's similar to the original that is just much smaller.
And when you buy it, it takes a smaller amount of dollar volume to drive the price up.
So, as more people start buying, price starts going up, starts getting people's attention.
Everybody starts tweeting about it.
And that's what just causes this explosion in price.
So, because the token distribution is so perfect and everything about the token is just like, you know, we're talking dragons.
It's about meditation, good vibes, positivity.
That's the stuff the world needs.
So, it's got all of these little factors that can, you know, click with every individual in the world to some extent.
So, I'm basically saying this is a token that literally everyone in the world could potentially want to buy.
Because, you know, maybe just the token distribution, maybe the fact that, you know, it's, you know, based on a dragon in 2024 is the year of the dragon.
That plays a major psychological advantage.
But the biggest thing to me is 2017, market cap of the entire market hit about $1 trillion.
In 2021, it hit about $3.5 trillion.
So, if we continue on that same trajectory, I do believe the crypto market could potentially hit $7 to $9 trillion.
So, if we have market cycle, all the money went into meme coins, I think the same thing is going to happen this time.
I think that meme coins are going to be what make people millionaires, multimillionaires, you know, potential billionaires.
So, everything about the token resonates with somebody in some way or another.
Whereas another token, like Chainlink, it's incredible.
But people don't understand it.
So, if they don't understand it, they're not going to buy it, even if it does something incredible.
But if you're talking about a meme coin and everyone in the world is going, this is so fun, I love this, and blah, blah, blah, it attracts people.
So, sorry for rambling for so long, but, you know, I wanted to kind of package up what, in my opinion, is going to create this insane amount of demand for this token.
And, you know, I've been saying for about four or five months now, because $0.15 was the resistance back in August, that once $0.15 breaks, and we officially break $0.15, and then this thing starts to move, I do believe that everyone in the whole market will eventually know what Suka is.
Because, like, I really think it can go from $0.15 to $1.
I know it sounds crazy, but, you know, it's been consolidating for about seven or eight months now.
So, we'll see.
Okay.
Thanks very much for the information there, Paddy, from start to finish, going into the Suka project.
But let's roll it back to Vitalik.
Like you said there, I mean, he was sort of pushed into a game of chess there where he didn't really want to play.
You know, he was forced into making a decision, and I think he made the right decision.
I mean, if he'd sold all the tokens, then it would have been dumping on the community at SHIB.
And so, he donated it to India, and it, you know, I don't know, you know, the decisions made behind the scenes, whether, you know, Ryoshi worked on his own, or they come up with an idea.
Because no news is bad news, so the idea of sending them to Vitalik's wallet, give it sort of mainstream, you know, it was just highlighted.
And it just helped SHIB tremendously.
It was an amazing move by Ryoshi.
And, yeah, from there onwards, it did really well.
But going back to Ryoshi, though, before we get into Suka, when did they stop communicating with the community?
When did he start tweeting?
Was that in May 2-21, or was it he stopped in 2-20, but shut the account?
Well, didn't shut the account, but just deleted all the accounts on Twitter.
Has anyone got any information on when Ryoshi just disappeared off the scene?
Yeah, I can jump in here and talk about it as much to my knowledge as well, Jeff.
Feel free to chime in when you can.
So, yeah, so basically, on May 26th was when Suka was launched.
It started off as an anonymous project.
Basically, whoever the dev was at the time was going through making blockchain messages.
No one really knew what was going on.
It wasn't being marketed at all.
There were some buys here and there.
And then the 29th of May was when we really saw the first falling out with Shib.
You know, Ryoshi, Shytoshi all had different messages, kind of like fighting within chat.
I was part of Shib at that time in that community.
And we basically saw just like, you know, there was definitely, you know, issues, you know, with that team.
And out of nowhere on May 30th, that's when Ryoshi, you know, put his final message saying that he's, you know, nothing else can be done here.
He's done all he could.
Deleted all of his Twitter.
Changed his profile picture to the Milarepa, which, you know, Jeff, you're probably better at this than me.
I can more speak to the numbers and stuff like that.
But, you know, he basically all this coding that was coming in from these messages were then starting to become linked to Ryoshi on the ship's side.
So, Jeff, do you want to chime in here?
Okay, so what was the last thing that you said about going what to the ship's side?
I missed that last part.
Yeah, basically how when he deleted all of his messages later, the mediums, changed his profile picture, deleted all of his tweets from Twitter.
Well, I wrote down about that.
It was Ryoshi's profile picture was changed to Jetson Milarepa, and that's a Tibetan poet and yogi.
That was the picture change.
But also, I don't know if anyone knows, in April 2021, Ryoshi changed his medium icon to a bird as well, whether anyone knows what the bird emblem was that Ryoshi changed to on his medium page.
I didn't hear about that medium picture change.
I know that Ryoshi was messaging with the COD developer at one point mentioning a clay bird, but I don't have any knowledge on that change.
Okay, I just know that Suki is, you know, part of a samurai sword.
It's the hilt or handle made of wooden wraps, same gawa.
An eagle is often used on a Tsuka sword, and it has bird emblems on the sword handles as well.
So I didn't know whether, you know, you mentioned the dragon side of Tsuka, whether there's anything around Japanese samurai swords as well, would the Tsuka name?
I mean, certainly it's a direct translation to a handle of a katana or Japanese sword.
Also, Tsuka, as most people probably know here, is a cipher for the biographer for Milarepa, Sanyang Haruka.
The first two letters of Sanyang and the last several of Haruka come together to make Tsuka.
So there's a lot of things that it means.
Dejitaro means digital.
Tsuka can also be translated as currency in Japanese.
So there's lots of translations.
They all are extremely interesting.
Awesome, Jeff.
And there's only 42 surnames with Ryoshi in Japan.
So if Ryoshi is his surname and he was in Japan, then it would narrow us down to about 1,000 people.
It could be in Japan.
I think there's 1,000 names worldwide with Ryoshi, but in Japan, that's got the most surnames.
42 there is with Ryoshi, so it's quite a rare sort of surname in Japan.
For Ryoshi.
Interesting.
Interesting.
So I do a lot of writing for Tsuka, so I'll have to be taking notes from you.
You seem to have a lot of secrets.
No, I was just a big Google fan and looking around and maybe some of it's not factual or some is.
But yeah, definitely around the surnames.
There's 42 surnames in Japan for Ryoshi.
So that's the most common surname in Japan.
There might be one or two in each country worldwide, but there's about 1,000 worldwide.
But it's used mostly in Japan as a surname.
So that's really interesting to know.
But we don't know whether that's their real surname or not.
So going into Tsuka, before the launch, who was around?
What was happening?
How did you hear about Tsuka?
Is anyone here as a speaker?
Were they there from day one?
What was happening with the community?
Can we just sort of start off with what happened when Tsuka came out last year?
Yeah, so I can speak a little bit to that because before I even dove in,
I'm probably one of the later ones, probably the latest ones in this space is to join.
I didn't join until near the end of November, believe it or not.
So I caught the initial high at that time, initial leg up at 12 cents before I went down.
And DCA'd all the way down, DCA'd all the way up,
which I'm obviously thankful for.
But in doing my research, because personally, I kind of dove in because I heard it was Ryoshi.
I didn't believe it, you know, second of it.
I heard about it in probably the first or second week in June.
And, you know, obviously kicking myself now regarding that.
But one of the things that initially popped in my head was, you know,
this is just a very clever scam that, you know, somebody decided to put together.
They definitely, you know, have some wallets involved.
And the more I dug in, and I actually just reran the holders list right now.
The late, the earliest I can go back and find any kind of mention marketing on Suka was on May 29.
So that was day four after it launched.
Within the first three days, anybody who bought, I look to see where they are now.
So if Amber were to launch this token, you know, as a quote unquote scam, you know,
you would think that they would give themselves a significant portion.
You know, we're talking, Jeff was talking about a little bit about before,
about the, you know, fully, you know, diluted supply token he got involved with.
The issue was the team held most of the, you know, ownership, dumped on everybody whatsoever.
Within the first three days, there are currently only two holders right now
that own less than 0.1% of the total supply.
And in the one case, you know, they barely own anything.
One person looked like they threw in 0.02, you know, ETH.
Another person, you know, sold most of it has just like a thousand Suka left.
Like they, like whoever set this up, it was truly a fair launch.
And there was nobody behind, you know, this kind of scam,
unless they faded their own scam way too early,
which I think at this point we can most definitively say there's a 99.99% chance
this is Ryoshi at this point.
So for me, I basically found out about it through Patty,
through somebody else where I heard about it.
And, you know, I heard of Patty through our, it was through Telcoin a while back.
But for me, I was just like, finally, I'll look into this.
And for me, what got me was the, you know, it was the numbers behind, you know,
it was the, you know, essentially I'll sum it up.
It's the simply perfect supply model that it holds, you know, fully diluted,
pronounced contract, no tax, locked liquidity that's burnt.
Like there's literally, it is basically as low of a risk of a token that you can potentially get into.
And, you know, when you jump into these meme coins, which I'm not a fan of,
you know, I was always a big utility guy because that's what made most sense.
I didn't get a chance to introduce myself before,
but I've worked in private markets now for 13, 14 years.
You know, probably similar to Patty.
I do more of a back office role with valuations, data analysis, cash projections, whatsoever.
But I'm a numbers guy.
I plug everything into numbers.
So when I see this, I'm like, okay, this is about as low risk of a meme coin as you're going to get.
Like you basically just have to worry about, you know,
anytime you're talking about the market structure, assign the price,
you have to think as simply as supply and demand.
This supply is basically as perfect as you're going to get.
Nobody can mint any additional tokens.
Nobody can dump on you.
There's no staking pool.
Like everything's central, like nothing can get exploited.
This is all within, you know, the makings of being legitimately the perfect token.
So taking a step forward, you know, this being, you know, as simple as it seemed,
like why doesn't more people do it?
The biggest thing with that is going to be, it really drives two things.
One, no tax on the token, no, you know, is allocated to the, you know, to, you know, third-party VC people.
Who's getting paid here?
The other thing is really when you have no tax, that's another, you know, portion of that.
And then when you have a fully diluted supply, it takes so much longer to get to that, you know, supply shock point,
which every token hold, or you basically just hit this, you know, you hit this point within a supply when it's like 98, 99% held,
where it eventually just pops off, you know, it's, it's an exponential relationship.
There's no linear relationship here where you're going to be able to just eventually just see the smallest movement in volume,
smallest movement in price, just shoot the price up.
And that's where all the fun, all the volatility then begins.
And so I know I'm getting a little bit off track as you talked about how we kind of found out about this,
but I'll get back to this later.
Let Jeff kind of talk about his journey because he was one of the earliest people, I think, to kind of get in on this.
Okay.
So I definitely got in right after Patty.
I know Patty, you got in early July.
I was on July 14th.
I see Pepper down here was one of the, who's listening right now, was one of the first 50.
And I know Crump was early.
We have a bunch of, of OGs in this chat.
I, I, what I was found really interesting after looking, I was looking at the chart and, uh, Koku,
what you were talking about with, uh, the flushes that the early people, you know, had left.
If this were a scam, they would have stayed.
I have a good friend who actually had 45 million suka at one point and he, and even he got shaken out.
And this guy is an all-star.
So that was unfortunate.
But I mean, that's just real life.
Um, but we've had several 90% full flushes where, you know, people change hands and what
remains is diamond hands growing community.
Um, so when I first found out about it, I had $85 in my account.
I went ahead and aped that.
I got right under 10,000 tokens.
And from there I started liquidating everything else.
I unstaked my BS dying scam tokens, put it all into Suka.
Um, you know, right now my portfolio is about 95% Suka and I'm very, very happy about that.
I've never slept better in crypto.
Um, I've had a couple of buddies who I told about it back in July.
Um, and they just straight up ate.
I'm like, this is it.
Are you ready?
They're like, yep.
And ate.
So it's just, I don't know.
It's just very interesting.
It's magnetic to see people come to Suka and how they come.
I remember first hearing about it on a Bitlord shilling comment.
Um, the people rating, uh, Bitlord's comments were all over Suka.
So there I found myself.
So that's a very effective, uh, way of spreading the news.
Um, right up there with word, uh, word of mouth.
And I myself have gotten about 20 to 25 people in my life to get into Suka.
And I'm sure many in the community feel the same way and have done the same.
So that's a bit of how I got into it and, uh, pass it on to Jammer Patty.
Okay.
I've sent a request to, um, to Pep Hard as well.
Uh, but he said, not responded.
I think he said he might be busy and working tonight.
So he can't join in.
Um, going back to Ryoshi, like you say, I think he looks like he would prefer to do, do these
meme projects, uh, in a bear market.
He started a ship in two 20, um, before the massive pump we got in two 21.
And now, like, uh, Patty was saying, we're in a bear market.
Now it's the time to sort of accumulate ready for the next bull market.
Um, but I'd like to go into the, uh, messages you left on block.
Chain as well.
Uh, I was reading, I don't know whether this is actually correct, but the last message
that, um, Ryoshi left was that just who called save most of DeFi and other messages he left
on chain was like words like faith, belief, and patience.
So he might be quite a religious figure or, um, Buddhist or something around, uh, Jetson
Miller rapper, who was a Tibetan poet and yoga.
Um, what's your thoughts on that?
Yeah.
I mean, for me personally, I mean, when I see, um, cause he's mentioned before about
Sam and DeFi, uh, uh, Von Schend, um, I mean the whole, the whole concept of, you know, cryptocurrency
is the private money versus public money, whatever is government issued.
And, you know, we're seeing it more than ever right now with inflation, with, uh, the ability
to print money.
Um, you, you see within these, these tokens where, you know, they have these mending abilities,
they have, uh, the team, you know, being able to add surplus through, you know, allocated
tokens that, you know, weren't part of the initial liquidity that it's like, you're getting,
you're getting to the point where like, okay, you, you're trying to promote cryptocurrency
as, you know, kind of, um, you know, stepping away from, you know, the, you know, this, this
greater, you know, issue of this, like almost like secret tax of what inflation is.
However, you're still seeing the same issues as before.
So what Ryoshi, you know, in my mind, the way I'm interpreting all this is launching this
token with a fixed supply.
It can't be, it can't be changed.
The contracts were announced, liquidity is burned, everything there is set in stone.
Like you cannot print, uh, you know, you can't print any more, you know, Suka, no matter if
you want to or not.
And where I think we've lost like kind of some of the, um, the initial intention of what is,
what, uh, Defi is trying to accomplish is that, you know, we're trying to solve for these
basic issues that we see with public money.
Um, and you know, everything's about, you know, crane, this utility crane, like whatsoever.
But then you also have people getting paid, people manipulating.
I mean, we are, we're living in a world where 90 plus percent of these tokens that are launched
daily are, you know, there's, they're clear cut scams.
You know, people are manipulating contracts left and right, accumulating tokens dumping on
each other.
And you basically, you can't, you can't do that with Suka.
You know, you're everybody, every token that's being held right now was bought by somebody at
some point.
Everybody has to buy to get it.
And everybody has an equal chance of holding Suka, you know, obviously, unless somebody
gets in earlier than the other, which, you know, that's what happens.
But every single person has an equal chance at this point in time to buy off the market
at the same price as anybody else.
There's no other ways of going to do it at this time.
So that's what, what I see with it.
And this is basically just going back to, you know, we're a medium of exchange.
This is what needs to be done in the future to kind of keep this, you know, pure kind of
decentralization concept in mind.
And that's the way I kind of take it.
I'm not the most philosophical type person.
So, you know, I'm, I'm very number oriented, economic oriented.
So this is how I kind of perceive like all this.
Yeah, I, I agree with what you were saying.
You know, I just wanted to say like, so think back to, you know, when Bitcoin came out, you
know, Bitcoin is the digital currency that changed the world.
And I think that everyone can agree that the things that Bitcoin has done is pretty incredible.
I mean, I would imagine most people in the world are pretty aware of Bitcoin now.
I mean, I think five years ago, you know, everyone heard Bitcoin, Bitcoin, Bitcoin, but
nobody really knew what it was.
But now, you know, years have gone by and more and more people are using it, talking
about it.
It's growing.
And it's just, it's become the future of money.
And so, you know, with what's going on in the world, you know, there's a lot of, it's
crazy.
And the crazy thing, you know, obviously you hear so much is inflation, inflation, inflation,
inflation.
So, you know, inflation is nothing more than dilution of the currency.
And that's basically the Federal Reserve just printing more money, which devalues it.
So, you know, you've got countries like Zimbabwe, Venezuela, where their money is basically
worthless.
The paper itself is worth more than the money itself.
So people would take dollar, you know, their dollar fiat currency.
And instead of spending it on stuff, they make, you know, origamis out of it and then sell
the origamis because the money is worthless.
So in America, you know, unfortunately, we're kind of going that same direction, you know, because
of this whole thing with COVID, they started printing endless amounts of money.
So that is dilution.
That's toxic dilution of the currency.
So that's no different than having a stock or a cryptocurrency that does the same thing
where they have a supply and they dump into the supply, the supply grows and it flushes
the demand.
So, you know, with Dogecoin, there's an unlimited supply cap.
So that basically means, you know, if Elon Musk tomorrow said, I'm going to dump $100 billion
into Doge, you know, the price would skyrocket.
But if the developer of Doge wanted to decide to print an extra 1 trillion tokens and just
dump them into the market, he could drive the price back to zero.
And that's after $100 billion from one guy comes in.
You know, that's the thing that a lot of people don't get.
So with Bitcoin, you have a fixed supply, 21 million.
It's never going to change.
The max is always going to be 21 million.
So that's basically an anti-inflationary currency.
So you can't add more to the supply.
So by adding to the supply, it's bad.
For years, you know, when I worked at a hedge fund, I used to do what's called equity financing.
It's toxic dilution.
My company would buy shares at a discount to the market.
So instead of buying, you know, through a broker on the open market, my company, we would,
you know, create what's called a registration statement, which is, you know, we used to do
504s, S1s, S3s.
And then what's the, basically the company registers new shares and they give them to us, but they
negotiate the price.
So let's say the stock's trading at a dollar.
My company will say, Hey, you know, your company is trading XYZ volume, you know, in,
in per week, it's on average this.
So we could give you about 20% of your average weekly volume, but it's trading at a dollar.
We want a 50% discount to market.
So that basically means the company or whoever the CEO is or whatever has to make the decision
of saying, am I willing to give this company, this third party company shares of my stock
at a 50% discount?
If they do that, they know that my company is going to sell those shares into the market.
It's going to crush the price.
So you have CEOs that don't care about shareholders.
They just dump all over them.
And so they put that money in their own pocket.
So as the price of the stock plummets, these CEOs are making money.
So that's, you know, just another element of what adds value to Suka and, you know, this
whole saving DeFi thing.
When we think of DeFi, decentralized finance, you think of, you know, not having a central
power or a third party or an entity in the middle that you've got to go through.
So when Bitcoin came out, it's literally, in my opinion, one of the most incredible inventions,
you know, since, you know, since technology, you know, has come out because in the, what
now, 13, 14 years that it's been up and running operational, it's been functioning at like 99.998%
of the time, which is, I think the best statistic, you know, as far as statistical odds as any
operational thing, you know, and, you know, I think the only time it really went down was
during the Mt.
Gox halt.
And then there was another time very briefly.
But the way that I see Suka is kind of like Bitcoin on Ethereum.
And I say this because Bitcoin is a peer-to-peer token, right?
You don't, you know, there's no CEO.
You can't call the CEO of Bitcoin and complain to him because it's just, it's a system that
operates on its own.
And so because of this outlier math with, you know, the fully diluted token distribution
and the fact that it has a, you know, a supply cap of 1 billion and it's all held by retail
and there's no threat of, you know, the company or the CEO dumping, it's like Bitcoin in a
sense.
So then think about what happened with Bitcoin from its inception.
Back in 2009, nobody knew about it.
You know, there was a couple of people that one guy, you know, paid, bought two pizzas for
10,000 Bitcoin, which now is, you know, hundreds of millions of dollars.
So basically it was a small idea or a concept that worked.
And over time, people started to acknowledge it, you know, they started to play around with
it and they started to buy it.
And then all of a sudden the price started to skyrocket and then that became an investment
opportunity for people.
So then they started buying into it as well.
So essentially, because the way that Suka came about and the way that it's, it's math
works out, I see it as, like I said, Bitcoin on Ethereum.
Now, the reason I say that Suka, in my opinion, is potentially capable of saving DeFi is because
not only does it have that same element of Bitcoin, but because it's built on Ethereum,
you could add utility and elements to it, you know, decentralized applications.
And one individual from the community could have an idea that could add insane value to
the token.
Now, I don't know what that idea might be, but over the time we've seen people come in
with suggestions, hey, let's try to do this, let's do this.
And we've done many of those things and it's added value to the token.
So it's essentially a Bitcoin on Ethereum that can have any amount of utility added to
it, adding additional value.
And I've never seen another token like it.
So, you know, the whole idea of what Ryoshi was about was decentralization.
So on paper, when you look for the epitome of decentralization, Suka statistically is it.
So even if this whole story of Ryoshi leaving Shib and then coming over to Suka, you know,
is not true, it almost doesn't matter because when you look at the numbers and the statistics,
it matches exactly what Ryoshi talked about or stood for.
So it's just, it seems like it's too coincidental to me.
And, you know, I'm not saying Ryoshi's behind it or he's not, but it certainly seems like
And when you look at the math, the numbers, the statistics, it fits that narrative as
well.
So it's like, you know, there's just too many things going on for it to be random.
And I just see this token as a complete outlier because of, you know, these different little
characteristics and there's nothing that exists like it.
So I could just comfortably sit and hold it, knowing that as the market starts to grow,
there's going to be people that will discover it and they'll buy it.
And then eventually you're going to have a catalyst that comes that causes, you know,
a FOMO situation that drives the price up.
And when that happens, more people talk about it.
So it's like we have two years of just, you know, holding an asset that has, in my opinion,
an immense base value that will only grow over time as the market continues to increase.
So, you know, this is a token that I believe is perfect for investors, not so much traders,
because, you know, if you bought back in August when the price was peaking and you're holding
it right now, you're down.
But if you're an investor and you bought and you're holding and you're willing to continue
to hold or you dollar cost average down during that time, when the price breaks 15 cents,
I believe it's going to be a whole new ballgame.
And that's kind of what I think that we really need to see happen, because right now, when
you look at the chart, it's kind of gone sideways for six or seven months.
So to people, that is, you know, it's not a good thing, but they're not realizing that
that actually is a period of consolidation that's building a much stronger base so that
when the price does get back to that previous high, it's going to be like a trampoline that
just explodes the price up.
So, you know, I know that, you know, we're still kind of small as far as holders compared
to the other, you know, big tokens.
But I think once 15 cents breaks, it's going to be a complete game changer.
But, you know, I got a little off track there again, but I just think that this token is
it's unusual because of the math, because of the numbers and then this element of Ryoshi
and then the idea of it being about, you know, positivity, good vibes, everybody could relate
to that.
And there's just, you know, so many different elements that I think create, you know, these
catalysts for demand that will eventually drive the price up.
And because it's still small, it's easy to manipulate.
And we're clearly been seeing that over the last couple of weeks.
There's a monster whale that's been dumping and he dumps at very certain times.
He's a really, really intelligent guy.
So, you know, I guess his position's almost, you know, he's almost liquidated the whole
thing.
So once he's out, you know, that suppression is going to disappear.
And I think that, you know, we could see that rally back to 15.
And if it breaks 15, then, you know, it's going to be a whole different ballgame.
But, you know, until 15 breaks, I tell everybody, just don't even look at it.
Just be patient because over time, more and more people are going to come in.
The market's going to grow.
And then once 15 breaks, that's when life comes, you know, suka.
Okay, Paddy, yeah, you've covered a lot there.
Like you say, yeah, there's a few things I'd like to touch on there.
Yeah, like you say, suka's only got a billion supply and 100% has been minted.
So there's no more to be minted.
We're in a bear market and you've built a big community there.
So it doesn't matter, like you say, in a way, whether Ryoshi created it, whether he works
in the background, whether he comes out in the future, which could be astronomical for
the project, or whether he just stays, you know, part of the community, or it wasn't
him, it doesn't really, you know, once you've built up that community, then you can build
in the bear market and progress into the bull market.
And like you say, with centralised sort of fiat currencies, yeah, that's the same, you
know, mainstream likes to say cryptos, sort of not backed by anything.
And that's the same for fiat.
They've printed trillions in the last 10 years since the, you know, 12 years since
the 2008 banking collapse, and that dilutes, you know, your life savings.
And I'd rather myself hold it in a stable coin and meme coins and crypto in bear markets,
wait for bull markets, and, you know, just outperform inflation that you get in the real
world, you know, and just having control of your own money in a centralised wallet like
your trust wallet is far back than leaving it on centralised exchanges.
And, yeah, decentralised is the way to go in the future.
I mean, we've seen with FTX and everything, you know, what happens with centralised and
we've seen with the banks in the real world, like you say, you know, developing countries,
Ecuador's adopted Bitcoin because, you know, the dollar can have massive inflation and really
devalue their currencies.
And we've seen this, you know, since the 1970s, so they've got the technology now to, you know,
even if Bitcoin loses 50% in the bull market, like you say, Zimbabwe, Lebanon, many other
countries, you know, banks shut, they never reopen and they devalue the currency 1000%.
So Bitcoin is never going to go 99, 100% down.
It's only ever going to go 50, 70, 80, and then you have to hold it.
Obviously, this is why we sort of say, you know, you should only hold what you can afford
to lose, but it's not even necessarily that.
It's what you can hold.
You can afford to keep for a couple of years in between each bear and bull market, and then
you'll reap the rewards in the future, definitely.
And I don't know if anyone else wants to come in and discuss more about Suka.
Well, I'd just like to mention one more thing.
If people are having trouble deciding whether or not Ryoshi launched Suka, I encourage you
to read what we call the Suka journal.
If you go into the Telegram and type slash journal, you can read through all his blockchain
messages that he left us.
Now, remember, Ryoshi has already exposed himself as the creator of Suka, if you're paying attention.
His profile picture was changed on May 30th.
But before that, two days before that, we saw a picture that he left us on chain that said
1,143.
That was the death year of Milarepa.
Two days later, Ryoshi Research changed his profile picture on Twitter to Milarepa.
So for those of us who are paying attention or researching and digging in, we are only more
and more comfortable with the fact that Ryoshi launched the coin, and everyone should definitely
read these messages if you want to see what's really going on.
When I first got into Suka, I got in for the rating and the content.
We have the most talented content creators on the planet, in my opinion.
But then after that, you look into it more and you become more and more comfortable because
you realize what you're holding.
So definitely read through those messages.
And, you know, we are Ryoshi.
Definitely, Jeff.
And I don't know.
Also, I read as well, he changed his Twitter header image.
That was changed to a picture of Half Moon and a cloud.
You know, Half Moon is a crescent.
And I was wondering if anyone had any sort of insight around the Twitter header that he
changed in May the 31st, I think it was.
Well, we've definitely had people decipher that in that background, there could be a constellation
of Draco, the dragon constellation.
So there is a lot going on there.
We can look at at sort of Cup of Crypto blank, a big community favorite that's digging in
a lot with the hidden messages and Ryoshi's banner and his profile picture.
And we have all sorts of researchers looking at what's going on deeper.
If you want to do that and join that crowd, we've got a huge, huge part of the community
doing a lot of digging.
So come help us out.
Okay, great.
So let's go over.
So it started in July to Suka.
And then, you know, you were, I think we were saying that one of the members here, he didn't
reply to speaking tonight.
I think he's busy with work, but he was there from the early days.
And then what happened sort of over the next few months and, you know, the community just
started growing.
People got interested in what's been happening with the community.
And is there any sort of mods in there?
You know, is there private rooms for whales?
How does it sort of work around Suka?
Yeah, the Suka telegram has definitely become its own little metaverse.
There's places for every interest to go find themselves and kind of meet like-minded people.
I'm not in the whales chat, but I know there is a whales chat and they, you know, provide
liquidity for future exchanges.
They discuss what they're going to do.
I don't have knowledge of that, but I'm in the operations chat, which is, you know, just
moderating the telegram.
I get exposed to a lot of things going on that go unseen.
And it's been quite exciting.
Um, someone brought up the idea, I think it was Tubba some months ago, um, that we wanted
to put out a weekly newsletter and we were looking for contributors.
And then I jumped at the opportunity because I was about to do the same thing myself.
So I'll just go ahead and do it there.
And we've been building, uh, that weekly newsletter and we put it out every single week.
Phoenix, uh, one of our great community contributors does the graphics.
I, uh, crypto journey who's listening right now, uh, helped with that this past week.
Um, so there's expanding content all the time.
We have like, you know, the most active community on the planet.
I mean, find a more active community per capita.
I'd be happy to see it.
Show me.
But, uh, you know, so much going on.
What else you got guys?
Well, I know from, yeah, central exchanges, you're on Gate.io, BitGet, Mexi, CoinEx, BitMart,
um, CoinTiger, you know, so the future, there's lots more, uh, you can create more volume as
you go to other exchanges.
So through 2023, you're looking to, um, hit more central exchanges and with the tax being
zero, it shouldn't be a problem there.
Uh, I imagine some, uh, exchanges will just list you because of the, uh, volume it, Suki.
Yeah.
Jumping in here.
Um, yeah, it's, um, the, from a tokenomics perspective, it's, uh, a hundred percent should
be fine to get lists on any exchange.
Uh, that shouldn't be an issue at all.
Uh, it's been audited.
Um, you know, Taba, who's been the one kind of, uh, taking the lead on all this, um, had,
um, you know, he, he hired a legal team to take a look at it and, um, look at the contract,
all this stuff, uh, prior to getting in.
And, um, I do want to highlight what Jeff said before with, uh, these exchanges, with
the whale chat, um, because there's no tax, no kind of, um, revenue coming in for this token.
This would cause a huge issue for most tokens to get listed because there is a, you know,
a listing fee for all these exchanges.
Um, this is all coming out of the pockets of community members to get listed for the
investors, uh, at hand.
So, um, that's the big thing with the, like our, you know, the whales of the community.
We love them.
They're the ones who are putting their own money, not just into the, you know, token itself,
but they're putting hundreds of thousands of dollars, if not more, uh, to get listed
on these top exchanges.
And as Tava said in his last day in May, uh, he did one with a few ship influencers who
are coming over cause they see the light, um, you know, with the connection with Ryoshi
and all that, um, we have, you know, we have, he would expect something, you know, within
a month or so, um, you know, he is under an NDA, which he can't really speak too much
about it, but he expects another T1 exchange within the next month, possibly two more within
the next three months, um, and that we would be on every major exchange listing by the end
of 2023.
Okay, great.
And because, uh, Suka's got a hundred percent of the circulating supply out, the fully dilated
market cap is the same as the market cap.
So that's great.
It's around 92 million.
And it's 298, uh, market cap out of the top, uh, top, uh, you know, 1,000, 2,000 in, in,
uh, crypto.
So there's a huge amount of room for growth.
I think, uh, ship is around 7 billion in this bear market.
It was about 45 billion in a bull market.
So hypothetically, yeah, uh, there's a lot of room for growth for the future as you grow.
So, and, um, that just helps sort of Suka because I know CMC is a bit funny.
Uh, there's a few tokens out there that don't include the fully diluted market cap.
So because the market cap's the same as the fully diluted, then, uh, there's no problems
there as it rises in price.
Um, yeah, it would be officially sort of recognized and, and, uh, couldn't launch into, yeah, top
200, top 100 in the future.
Definitely.
Um, just, uh, adding on to the, the, what was just being said about exchanges.
So by the end of 2023, we're looking to be listed on pretty much every one of the biggest,
you know, the top exchanges.
So I would implore people go back and start looking at other tokens and see what happened
to the prices of them when they got listed on these big exchanges.
So as of right now, you know, the way I see it, I mean, gate is a great exchange, but I
don't really consider it a tier one, just because if you were to ask, you know, 10 people say,
Hey, do you have any gate account?
A lot of them would say no.
Whereas, you know, if it's Coinbase or Binance, you know, a lot of people do have those accounts
and, you know, a lot of people trade with massive amounts of money on Binance and Coinbase
compared to these other exchanges, uh, you know, okay, X, uh, KuCoin, et cetera, et cetera.
So, uh, with the, the fact that, you know, our supply is 1 billion and we have multiple
large holders that are pretty much here until, you know, I would imagine the market cycle
comes to an end.
Um, you know, you would think, Hey, this guy's got such a large position, you know, how, how
is he ever going to sell?
Well, you know, look at what SHIB did when I got into SHIB, it was trading 50, a hundred
thousand dollars a day in volume.
So it's like, if I was to say, I want to put $50,000 in, I'm buying the same amount as
the total dollar volume within 24 hours, most investors or traders don't do that because
it's, you know, it's, you're taking a major, major risk.
So a lot of people will not buy into an asset unless they could sell it right then, right
there.
So it's like, you know, if you buy it, something goes wrong, boom, you can get out fine.
But by buying into SUCA right now, you are assuming a risk because the volume is still
very low compared to SHIB and DOGE.
However, we have all those catalysts to look forward to.
So right now, you know, the price has been fairly stagnant.
And I, of course, we have this one guy who's been manipulating and selling at very specific
times, but what happens when, you know, KuCoin, OKX, Binance, whatever, any one of those exchanges
puts out a tweet saying, Hey, everybody in, you know, a week or two weeks, we're listing
SUCA.
That hasn't happened yet, except for Gate.
And, you know, with Gate, obviously a lot of people really didn't get too excited.
And I really don't expect them to, because again, I don't really see Gate as like the
greatest exchange.
However, you know, KuCoin is, you know, was a tier one for, or tier two for a long time.
Now it's kind of moved up the ranks and KuCoin is, you know, one of these exchanges that's
like the, the stepping stone exchange.
And I say that because I've seen so many tokens get listed on KuCoin.
And then shortly after they get listed on the exchanges.
So as of right now, price is going sideways.
Number of holders is slowly going up.
We haven't had an actual catalyst by an outside source.
Other than when the project first came out, there was, you know, a news article that came
out that, you know, attracted some attention.
But my opinion is when a tweet finally comes out, it's going to give people a reason to
buy it because a lot of people are watching it.
And because it's not doing anything, they move on.
And I don't blame them because in this market, if you're not, you know, if nothing's moving,
you know, you're looking for something that's moving.
However, you know, there's a lot of people that have different investment philosophies.
And some people say, hey, I just want to accumulate a position in a token that I believe is going
to create value or have value.
And so from this point forward, how many exchanges, you know, are we going to get listed on?
Well, you know, as far as I'm hearing, we're going to be listed on all of them.
So, you know, what is it now?
It's March 1st.
So we've got basically nine months until the end of the year.
So how many tier one exchanges are there?
You know, four or five of them.
So that would basically mean, you know, maybe one every six weeks or, you know, it may not
be like that.
I'm just using, you know, the simple math of breaking it down.
I do believe that, you know, exchanges like OKEx and KuCoin, you know, they're a little
easier to get onto, but Coinbase is more difficult.
So I would think in my mind, Coinbase comes at the end, you know, Binance maybe before
that.
But, you know, there's Robinhood, there's all these other ones.
So these are all going to create this spark of interest in the token that we haven't yet
seen.
And that's just something that I'm really looking forward to.
So I can't wait to see one of these tier one exchanges say, hey, we're listing KuCoin
or listing Suka and just watch what happens, because we haven't had anything like that
yet.
The only, you know, catalysts that we've had are either, you know, some new influencer
buys in or somebody else says, hey, you know, I discovered something that's really interesting
and people might get excited and buy because of that.
But it's a lot different.
You know, when you're when you're a project and you have a team with, you know, your company
and you put out a press release, you say, hey, everybody, you know, Suka now is one
year old or whatever it may be.
And because of that, you know, within the next two months, we're going to implement this
and it might be some great thing.
And everybody goes, oh, my God, that's amazing.
So when that press release comes out, the price skyrockets because everybody's going,
if they pull this off, it's going to change the world.
But we can't do that because, you know, there's no team.
It's just kind of all of us in the community.
So this token is completely different to any other token that I've ever seen.
And these catalysts that are upcoming with, you know, exchange listings, influencers, you
know, new types of utility being added are all going to create this spark of interest
that's going to drive the price.
And until this time, we haven't seen it because over the last six, seven months, we've literally
been in a consolidation pattern following that initial pump from its inception in,
uh, May to August.
So it's, it's kind of wild that, you know, this project is still gaining the popularity
that it is, even though it really hasn't done a whole lot as far as price movement in the
last six months.
And to me, I love that because I I've been in the market long enough to know when someone
sends me a picture of a chart and they go, Patty, take a look at this.
And, you know, six months ago it was trading at one cent.
Now it's at 50 cents.
And the chart literally over the course of six months, just made a slow climb upward.
I'm thinking to myself, ah, you know, it could continue.
However, I would rather be looking for something that hasn't made a 50 X gain without having
that dip yet.
So we've had the dip.
Now we're completing the consolidation.
And if you look at the logarithmic chart and you draw the trend lines, it's a massive,
massive wedge.
And right now the price actually is re it's, it's re it's retesting the support.
So we broke out of the wedge when the price pumped to 15 cents, you know, a couple of weeks
ago, and now it's right back to that support.
So, you know, for doing technical analysis for 25 years, knowing that the market's going
to slowly start coming back to life here.
My thought process is when a breakout happens, there's usually a retest of support.
If that support holds and then the bounce happens, that's the, you know, opportune time to get
I'm not saying that it is because I don't know.
Cause you know, this guy could keep selling or somebody else could sell.
Who knows?
I don't know.
But all I do know is it won't matter because in six months we're going to have a ton more
holders will probably be listed on one, two, three, you know, multiple tier one exchanges.
So all this silliness that's going on here with this one guy dumping and the price moving
from, you know, 15 to 10 or whatever it may be, will be, I believe completely irrelevant
because if you look at, look what XRP did back in 2017.
So from, uh, late 2016 to late 2017, it didn't really do a whole lot.
It made a pump from like, you know, 10 cents or 5 cents to 45 cents.
And then it formed this massive wedge.
Now this is XRP 2017.
And that wedge developed over the course of about a year.
So when it broke that wedge, the price hit 15, broke 15 cents and spiked all the way to
$3 and 50 cents.
Now that was during a bull market, but the team was dumping billions and billions of
dollars of tokens into the market, which is basically just like, you know, you're driving
a car, but you're on ice.
So you're spinning your wheels.
Now, if that team didn't dump, you know, how high could XRP have gone?
I have no idea, but I can guarantee you it would have gone a lot higher.
So right now with the chart, the way that it's set up with all these catalysts coming with
the fact that Bitcoin's looking like it's about to start moving higher.
It's just like, to me, it's the biggest freaking no brainer.
But if you're not patient, you won't, you won't see the gains, you know, you won't see
So this is not a token.
That's, you know, something that traders will love.
Uh, I do believe that once it breaks 15, they will start paying attention very closely,
but there's just so many different little elements that we have to look forward to.
And the, the fear or the amount of risk that we have is limited to almost nothing.
And that's simply because the threats that other tokens have don't, you know, exist with
Suka.
And to me, it's unlike any other asset I've seen.
And when I say asset, I mean, I've been investing in everything.
Now, the market, it was 19.
I'm getting a phone call.
Okay.
Can you hear me?
Paddy.
Yeah.
I think we've got a crypto journey.
I've just added him as a speaker.
He might want to speak.
And, um, yeah, I don't know whether the community noticed that I was looking at top meme coins
on CoinMarketCap and CoinGecko and, uh, to Suka a few weeks ago.
It wasn't there, but I've just looked now and actually they are listed as the sixth, uh,
biggest, uh, meme token, um, in crypto.
So it's got more visibility there.
Um, I'm not sure whether the community has ever looked before or I, I missed it, but I'm
sure it wasn't there a few weeks ago.
And I was going to suggest today in the spaces that you could contact CoinMarketCap and
CoinGecko about, uh, listening to Suka as a meme coin.
Cause it wasn't in the list, uh, you know, being the sixth largest, it was a bit strange,
but, uh, it's there now.
So that can really help, uh, to Suka going forward.
Um, everyone can see it's the sixth largest, uh, meme coin in crypto now.
So that's great.
I don't know if, uh, crypto journey, I've added you as a speaker.
Did you want to come in there?
Yes.
Um, thank you so much guys for hosting this AMA.
Um, again, uh, yeah, I'm crypto journey.
The community knows me as in door to the end.
I help, uh, a lot with, uh, graphics and all types of, uh, media we can do to just push
out the Suka narrative and the vision of Ryoshi.
And, uh, just grateful for all our team members, uh, team members and especially Patty and Jefferson.
And I want to come back to what you had mentioned.
You'd be talking, you were talking about circulating supply.
Uh, Koku was talking about initial holders.
And it's pretty amazing that we have some very knowledgeable individuals within our Suka
Senga.
And I'm very grateful that they've created some charts just to put things in perspective
for us.
I, uh, my history in, uh, in crypto.
So as I'm speaking here, guys, I think you guys should just give me a few moments of your
time.
I was involved in very small projects.
I owned a few, uh, Bitcoin in my early, uh, crypto days, but, um, kind of sold out when
I shouldn't have, but, uh, coming to Suka, I was introduced, I've been with Suka since
July.
So I was been, I've been able to follow the trends.
I've been able to be part of the, the growth and the, and honestly, I would say Patty Stash
was a great catalyst for us as a community as well.
A lot of people thrived on, um, his Patty rambles.
So I wanted to just, uh, encourage him with that, buddy.
You know, a lot of people are in here because, you know, you were open and, um, people listened.
And so, uh, with that being said, I wanted to point out that our circulating supply is
fully, fully open.
You know, we're, we're, we're completely diluted and people, when they first look at this token,
it's like, well, you know, so much of the token has already been bought, but I do want
to point something out in comparison, because we've compared our project to, to SHIB and whatnot,
Doge, but, um, the cool thing is even our top 10 holders compared to Doge, basically top 10
holders of Doge make up 48% of their holders.
SHIB, 62.73% of holders are considered the top 10 in those communities.
ZUKA in itself, our top 10 holders make up 26%.
Now our top 20 holders make up 35%.
Our top 50 holders make up 49%.
Our top 100 holders make up 61, almost 62% of holders of this token.
So I just, anybody looking at this token and it's like, well, we just have about 1.1,
million supply left of this token.
I want us all to realize there's so much room for growth in this token.
The supply and demand is what's driving the price up.
Even though it's been going sideways for the last few days now, I want anybody who's looking
at this to realize that, um, there's so much room for growth compared to other projects
and what's being held by those top holders.
So as you're looking at this project, I want everybody to understand, and I want to just
share briefly my story.
I was, I aped in as much as I could at the beginning of July.
And because of a, an unforeseen mistake on my part, I actually was scammed out of a few
million Tsuka.
If you believe it or not, I was at, I was at zero.
I was heartbroken.
But, um, as soon as I was able to just recover emotionally, I was able to recover just mentally.
Honestly, I aped back in without hesitation.
I didn't even look at what the price was.
I had just started buying as much as I could accumulate.
I know some people are just looking left and right, you know, wondering, you know, is this
something that I can fully jump into?
And from my experience, from where I've been, um, I encourage you, if you're listening and
standing on the sidelines, just be encouraged.
I mean, right now, the project is, um, pretty stable.
It's very secure.
And I want you guys to be encouraged.
Sorry about that.
So, um, if I could do it, if I could ape back in after having such a negative experience,
anybody on the sidelines there, I encourage you, you know, do your own research.
But in regards to the solidity of this project, in regards to the integrity of this project,
I have no doubt.
And, um, I just wanted to throw that out there and appreciate your time.
Yeah, I was, I was, I was around when, um, when Crypto Journey got scammed out of Asuka.
I was heartbroken too.
That was, uh, you know, he's such a momentous community member and, uh, him battling back
has been just a huge boon for our community.
I think it's just beautiful to watch.
Um, I think we have to wrap it up here.
Uh, we, we've got to do some other things right now.
Um, it's been beautiful.
Thank you for having us guys.
Okay.
Thank you very much, uh, Jeff, uh, Paddy and everyone else that's, uh, joined the spaces
today.
It's been great speaking to you.
I'm looking forward to the future for Asuka.
As we say, uh, welcome to talk spaces is for crypto education research.
We recommend you check out the website, white paper, and if anyone's got any more questions,
join their official socials.
We, we've got the, uh, uh, links here, uh, through, uh, Jeff and, uh, Paddy.
I'm sure they've got a link in their, um, Twitter, uh, where you can get over to the telegram
or you can check out, uh, the R298, uh, market cap out of, uh, in the top, uh, market cap.
So you can check them out on coin market cap and you've got all the chats and socials and
the website there.
If you want to check out Asuka, um, it's been great speaking to the community today
and take care guys.
Looking forward to the next one.
Thanks for having us.
Take care, everybody.
Thanks for having us.
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Thanks for having us.
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Thanks for having us.
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