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Dogechain: Project Spotlight #3
Recorded: Sept. 16, 2022 Duration: 2:39:13Space Recording
Full Transcription
Feel free to go grab a coffee and join us back here.
Just another heads up, guys.
We'll be starting the space in 12 minutes.
So just bear with us.
If you need to go and get a coffee or anything else, then go do so, and we'll be starting in 12 minutes time.
Yeah.
Yeah.
Yeah.
Yeah.
Okay.
Okay.
Okay.
We can go on.
Yeah.
We can go on.
Okay.
uh and we can go on uh jack let's go yeah for sure just before we move on to uh oasis just
so that you guys know as well um this shitcoin showdown we're going to do things a little
differently like as well as people shilling various different shitcoins which is the point
of shitcoin showdown we're also going to try and invite some community members on so if you guys
are listening and you want to speak and you've not got a project of your own feel free to just
um either tag an admin in the main group or on telegram uh that's the best way to kind of get
our attention so tag ivan or myself or you can um like try and raise your hand on the spaces here
but because of the way spaces works on mobile it's kind of difficult to see everybody that's
uh requesting when there's a bunch of you guys so um yeah feel free to tag an admin especially if
you're a prominent community member we'd love to hear from you guys um or you know or if you have
something uh to complain about uh oh yeah feel free we also want to hear from our detractors it's always
important to hear uh you know healthy skepticism and criticism yeah exactly if you are um a detractor
we would love to talk to you i would just say um keep it respectful and we'll have a we'll have a
chat and a debate and it'll be good okay so um moving on then so we'll do oasis oasis can you speak
hi guys can you hear hello yeah loud and clear awesome awesome cool uh well first of all thank you
very much for uh giving this opportunity to basically present my project uh i'll just dive
right in um i think many of you have already uh encountered my marketplace i launched oasis on
those chain on the 27th of august um oasis is a uh decentralized marketplace which basically allows
you to permission permissionlessly trade any uh nft uh that exists on those chain uh currently we
already have like over 20 nft collections being traded on oasis um since we launched three weeks ago
about 10 million uh rep doge volume generated uh by over 22 000 uh individual trades um yeah uh the
this decision to launch on those chain uh was not planned um i learned about those chain about a month
and when i saw it uh i investigated a little bit got excited about it like what you guys were doing
over here and uh so that made me decide to just uh jump in and launch uh the oasis marketplace um i've
already been building it for like nine months on a different chain um and yeah basically when i saw the
hole on uh dose chain i decided to uh to jump in and try to fill it because there wasn't any proper
marketplace yet and uh thought the product i had was uh was perfect for you guys so uh yeah since then
uh three weeks later now uh it's been uh quite a ride but uh it's been really fun it's going really
well um seeing a lot of adoption many projects interested lots of users trading so uh it's been uh
it's been really fun cool yeah absolutely you guys are doing great so in terms of the nft projects that
you've got listed then why don't you tell us about a couple of the more dominant projects and then
like a little bit you know around kind of maybe some up-and-coming projects also what's your website
so we could play around with it while we're listening you can find me at oasis-nft.dog
nice uh yeah about the projects well if you load up my website um there's a little uh collection
button uh in the left menu where you can basically see uh the the biggest projects um well the biggest
projects goes without saying it's real doge punks um it's been by far uh the biggest community and nft
in both uh members activity and and trading volume um they've been absolutely uh killing it basically i
think they represent about 74 percent of all of the volume uh up to now um they have a really
nice uh community going on um it's really organically grown um lots of people making fun i see
friendships being made over there it's uh it's really really fun to watch and yeah they basically
uh are the pillar of the whole nft community right now um so that's definitely the biggest project
uh but we also have uh a couple more interesting projects we have the the doge age doge ape yacht club
um which is uh basically uh well i think we all know the the the a pictures there um it's a it's a fork
of uh an existing nft project but they are trying to do something unique um as they recently uh launched
a second collection which is called the board doge kennel club which is basically a really cool variation
on uh on the on the apes uh basically bringing in dogs so i recommend you to check them out look really
nice um nice that's that's good to hear man so uh in terms of your like so obviously real doge punks
is is super dominant from what you said 70 of the volume so have you got any advice for um up and
coming nft projects maybe people that are listening to this space who want to launch their own nft
projects like what makes uh projects successful in your opinion uh in my opinion what always comes
versus community basically nft projects uh yeah they find their strength in community so you know
getting people together getting them excited about your project that is the first thing you should
focus on um i see a lot of projects in my opinion doing it wrong by just you know here's my nft
shill every channel on telegram and trying to uh to get to draw people in i think i think it's a
really bad tactic it annoys a lot of people um it creates some animosity against each other um so i
would really like to uh to to recommend that uh the project owners really find a way to build community
um talk to each other and and try to make everybody excited about their projects uh in other ways than
the traditional uh chile as we call it uh awesome um i had a question um about the upcoming features
of the of your marketplace are you are you planning to to launch some new features like uh staking nfts
or or or some uh novel technologies that could uh that could see uh light on your on your nft marketplace
for example yeah we actually uh we have a lot of plans um as you can see that the the current marketplace
is pretty bare bones it's uh basically a minimum viable product uh but does the things that it has
to do pretty well um first uh the most important thing i think right now is to allow project owners
to uh get royalties basically i think uh most of you will know from uh existing marketplaces that
royalties is a pretty common thing it uh basically takes a cut from every sale and and feeds it back to
the project owner so they can fund their projects and build it on and yeah basically create a
healthy ecosystem um staking um a little positive yeah sure these nfts to choose to give some revenue
like say they take you know royalties themselves possible for them is there a parameter that they
can choose to give some revenue to say those holders or dc holders uh theoretically that's absolutely
possible um it's it's actually a really interesting idea i was listening to the previous one as well
and already thinking about how i could uh basically uh get oasis to basically join that idea of that
we want to basically support uh all those holders dc coin holders so uh that's absolutely something i
would uh love to explore and find a good way of uh of implementing that it's very cool yeah if
you're a project out there work with them on this that would be cool we it would definitely get
more support uh from us uh if it could benefit uh the doge community or dc community in some way
that's great yeah exactly and i'll just remind anybody out there that's building anything it's
like um the way that you succeed if you build a platform on uh you know in doge chain um is that
you make the community succeed so if you can build any kind of value in or additional value adds
and for community members that's like the best way to do it you said it yourself with uh your advice
for new nft um collections but let's make that a thing for platforms as well i think that's a super
important part of it for sure yeah i love that cool okay um co-host or speakers did you have any
questions for oasis or anything i wanted to explore nothing for me it was explained well
what is your guys business model um it's actually pretty simple um i decided to not do any token sales
or funding rounds or whatever um basically i give you my products uh my products you can use it and we
charge a flat 2.5 fee and i'm currently funding everything out of that um maybe in the future we'll do
uh some token or something but i want to be really careful with it because yeah if it goes
wrong it will hurt your uh it will hurt your platform and uh so if i ever decide to do that i'll
i'll be careful with it for now the plan is to just stick on the on the fixed 2.5 uh fee uh percent fee
and uh yeah basically take it from there that's the plan awesome
nice yeah that's that's really cool sir um okay so let's move on to pudoge then uh if you are still
around i think you dropped off of the speaker status uh ivan can you just send an invite if
yeah right away i found them here uh okay invite son um so while that's going on um is there any
co-hosts that want to discuss anything with the community or can maybe touch on some issues that
we've discussed in the community groups recently um because i think there's a you know that'd be quite
a cool thing to address any any things that you guys have been hearing on the community side
well um jack i can do a quick update on where we are with um outreach and all that oh yeah that's
that'd be great so james if you wouldn't mind just introducing yourself to the community first because
maybe some guys obviously the the the projects will have seen you get you around but um if you just
kind of intro yourself to the community and let the guys know what you do and can you speak a little
more into the mic you're a little muffled yeah sure is this better perfect great yeah so hi guys um my
name is james i'm with uh bd um the projects i've been in contact with most of the community probably
not um however i'm doing the outreach and handling outreach on projects showing interest in um building
on doge chain through the form that we've sent out a few weeks ago um so just a quick update to show
you some of the interest and traction that we've been receiving on this chain um right now i think
we have over 200 plus projects reach out to us showing interest of that it's every niche under
the sun you can think of from obviously nft marketplaces to collections the tokens defy platforms
and everything else in between um so just to let you guys know um this is i think this is a really
cool thing that we do or we put on we give them the spotlight and also do the shitcoin showdown
it's all about helping people helping platforms build on our chain because as you know blockchains
are valued by network effects more activity on the network more engagement on the network more people
coming to the network ultimate ultimately means the success of a network so with that said just want
to introduce myself um if you're a project and i haven't reached out to you so far uh please count on
doing some that happening in the near future and bear with us we've gotten a lot of interest so far
we're working on the list but um that's a little about myself um and i'm happy to keep bringing
more projects to you week in week out um of interesting things going on in the doge chain
have you got any um kind of alpha on metaverses because i know like our blockchain games because i know
obviously there's lots of d5 tools out there which are great and it's really important and serious
um and that'll help our community but it's also really exciting when people come up with a really
cool blockchain game and stuff and you don't often hear a lot about those you know the concept can be
completely novel so yeah have you got anything to share in that sense yeah there's a few um one being
um a retro doge looks really cool it's like pixelated um super mario styled gameplay kind of stuff
obviously play to earn um there's a few metaverses that have popped up one being actually a metaverse
launchpad which i thought was pretty interesting very niche right there um not too many just me or
i can hear him fine if that's what you're asking i think it's just you i mean because i can't i didn't
hear the end of your sentence go ahead james okay cool um yeah um as far as metaverse metaverses for
doge chains specifically there haven't been too many submissions um but there are play during games
popping up um yeah we definitely have more bandwidth to receive more though um yeah we need a doge land
uh yeah yeah that's something that's needed
but not too much help on that one jack
thank you maybe i'll jump in here uh to say real quick so james is leading uh mostly on the inbound
uh like applications through the forum the ecosystem forum um this is people looking for development
support um marketing support um just support from the team uh or through the ecosystem twitter which
you guys should uh follow if you haven't already the doge ecosystem twitter uh i don't remember the
exact username of it uh someone want to say what it is actually
it's uh at doge chain ecosystems actually great yeah um so pro so projects that are inbound
reaching out to us james is leading that with some some people working under him to assist because
we've gotten so much uh like crazy amount of applications i think he said now over 200 and then
we have a couple other team members who are working on other kind of bd niches which is uh we're trying
to hit every angle uh leave no rocks unturned i think you know um for a for a chain the most important
thing is bd honestly i mean the development is is super important at the core foundation level and then
after you have development uh covered then it's really about getting as many projects and communities
to come over as possible so we've got people uh working on uh bd2 polygon projects trying to get
them to go multi-chain and offer more benefits to the polygon community as we're in a polygon edge
chain and we'll be eventually interoperable with all polygon chains um and then we've also got uh
another team working on outreach to other chains and trying to bring them over uh so we're really uh
hitting a lot of different uh angles here on getting lots of products to launch which is
i think showing a lot of uh there's a lot of fruit being shown for our labor uh in that we've i think i
just recently saw uh we're now maybe the second uh or maybe not second but of the of the main chains
that we're looking at we're we're basically one of the top uh chains for amount of transactions so
pretty nuts when we're only you know a half uh old uh it's working out really well so yeah if you
have a if you want to get your project uh spotlighted or in touch with us for grants uh and as i kind of
outfit a little bit earlier maybe investments uh in some way uh fill out that form um and uh get a hold
of our guys uh what's where can they find the form does someone want to say
so um we tweeted out a little while ago um we can do a refresher tweet this week just to so that
anybody that's joined the uh twitter since then can see it um but basically if you reach out to any of
our admins in the community chat you'll eventually get connected with somebody that has the form
it's also in the bio of the doge chain ecosystems oh yeah that yeah that's that's great that's that's
much easier thanks it's actually dc ecosystem i said doge chain ecosystem i'm sorry so it's dc
ecosystem for at dc ecosystem great right uh okay okay so let's move on to pudoge then we've got
you back up as a speaker now so hopefully connection projects connect connection problems have been
resolved so go ahead can you hear me now yes awesome yeah sorry about that murphy's law on full
effect today um i'm jim from pudoge i'm the project leader are you able to speak
we we can hear him iven i think you're having connection issues
um you can hear me though right yeah go ahead yeah let's go outside um only in crypto would i
address a conference call is go ahead poo yeah so we're an all-in-one trading utility on doge chain
uh similar in style to uh boo coin on bsc if you're familiar um you have your portfolio tracker charts
uh as well as a built-in swap uh as well as a built-in swap that currently supports doge swap but we're
bringing more dexes on very soon and yeah our our goals are to help bring mass adoption to doge chain
by making it easier for new users to come on and trade uh meat coins you know a lot of these new
projects they're not on coin market cap they're not on cg or anything so you know it's hard to to find
them and figure out what decks they're on oh what is there like at least 10 dexes on doge chain now
probably four major ones but yeah our goal is to make got 17 17 dexes actually that i lost since we
last check yeah so we have our work cut out for us as far as aggregator or are you just a portal
for people to come uh use your tools at the same time be able to uh interact with these decks
yeah so um you know just like any chart link a project can provide their who doge chart link
go there um connect their wallet and be able to swap seamlessly right now it's just doge swap you
know we went with the biggest one and the one that our token is on you know of course but you could go
on there you could see all the tokens in your wallet as well as nfts the balance the dollar value
that way you know you know what's going to moon or dust you know you're not left in the dark you
don't have to go rummaging through the block explorer everything's right there and we feel that
you know that's essential for people who are trading uh meme coins on doge chain
and uh you know in the future we also are going to add things like staking built into the dap
that way people can uh earn a yield off their tokens without ever having to leave to the website
as well as things like rug checkers uh wallet trackers you know you could add multiple wallets
and they don't necessarily have to be your wallet you know you could track your favorite doge chain
whale if you want to see what they're trading yeah interesting do you have any kind of
list of projects that people can look at people just want to browse different meme coins for example
do you have like uh maybe some kind of moonsheet type and anything like that at the moment no but
you know our our main concern with adding something like a new pairs explorer
is that it's easy for people to get rugged so we're gonna do something more of a curated list
of tokens that request to get listed at first and then you know a new new pairs tracker
dyor completely will come later but you know we're also providing shortcut links for major projects
like omnom dc um projects that launched around the same time as us like doge tools
we we made them custom links so you can go to who doge.app backslash doge tools and it'll bring you
right to their chart and we're doing a lot of partnerships with other projects for ads
cross promotion as well as integrations like doge name service and we want to add a reverse lookup so
you can see your dns address right from the dap things like that basically build in the app that
i would want to trade on
nice that's that's a really good ethos and like we we would expect all of our builders and our
ecosystem projects to create the projects that they would want to use because you know you guys
often if you're developing the space you've been around for a long time um at least at least a few
years um so you'll have seen various different projects come and go so you know if you build from
the point of view of build the app that you would want to most use i think that's where we will find
like you know real good utility so the fact that you're um thinking like that is great um so in terms
of the the obvious benefits for the ecosystem then in terms of like being able to clearly interpret
data um is there anything else you want to share with us about your benefits specifically to
the ecosystem or to dc holders for example
so in terms of dc holders um being able to to view the uh the your how much your tokens are worth
as well as recent transactions you have a transaction history and we plan on ed and staking pools
and uh dc is a big one that we want to support you know stake your pudoge for dc or the other way
around
nice that's great to hear um yeah as we said before it's like um the more you can build in that utility
the better off uh every project will be so cool okay uh co-host or speakers did you have anything else
you want to ask are you guys uh doxed audited how uh how can we know that we can trust what we're
using your tools i'm doxed uh the developers that are building the app are also doxed and they have
worked on many big projects um we're planning on getting a smart contract audit as well as a df audit
but the auditors want a source code of your app and it's not really feature complete yet
so we're kind of waiting until we get to that point so we don't have to go and do it again
you said your developers have worked on some other big projects can you name some of these
um they they developed the uh the smart contract for bitburn their project is bit valley it's kind of
like an all-in-one crypto app um that you could download on your phone and it's kind of also like a
all-in-one educational app where people could teach others how to trade crypto and they get benefits for
doing that yeah they're just really solid guys and um yeah i've been fully doxed in in previous projects
and we plan to do kyc audits the works okay good to hear
that's all for me do we have maybe we have uh do we have any community questions if anyone's very
quick and can ask to speak and wants to ask a question of pudoge we can bring you up or any of
our other projects um if you want to just raise your hand and then we can uh go ahead okay so do let
me just see there's somebody here dogecoin riot um i'll add you as a speaker now just bear in mind
because we're not in the shitcoin showdown section don't try and shill anything because we will just
remove you so go ahead go ahead to your speaker hey how you doing
good hey doge change so my name is mike i'm in florida i actually just came on to this account
um dogecoin riot about three weeks ago is the voice of the account what i was brought on to do
is to bring the best influencers in the community like matt wallace terrible pepe apeshaw club and
create a space where i can onboard the doge community into nft and metaverse projects
so in the three weeks time i've actually had a straight so do you have a do you have a question
for our uh project i absolutely do i i okay great i would like to bring projects to the doge chain
um i come from a pod podcasting background sales and i believe i can onboard my followers and the
projects that i work with hey friend if you want to talk about what you're doing you can do that we'll
have a time for that at the end okay for now we're doing questions sure i'll wait thank you sir
okay thanks all right guys um anybody else who isn't uh who's got a question for oasis poo doge or
panda sail
i'm sure i saw some more hands earlier so could you just raise your hand again
and i will uh okay not doge yeah got you adding you as a speaker
go ahead not doge
yep go ahead you're a speaker not doge hey i had a question for the uh the poo doge
dev so you said that you were gonna integrate some sort of token finder on your website is that
so like um i'm sure that you guys have all used the poo coin app for binance is it similar to that so
like if you don't have the contract addresses set up in your wallet they'll just appear automatically
on your website
right yeah that's something we're going to add um it's in there but you know our app's still in beta
so it doesn't really work reliably yet you know we're still working on that part of the app
but it's going to be a mixture of being able to search any contracts as well as a curated list
so you know we can protect the new users who maybe don't know how to do their own research
yeah that's amazing i'll have to reach out to you privately to get on that list
nice okay cool um so i don't know you say this but uh perule go ahead that's right um first off
major hats off to all the traction to the doge chain family as well as the projects that are the core
bringing um the next wave of innovators um i wanted to be a resource for you folks but specifically
um working very closely with some tier one centralized exchanges and my team
um for specific centralized exchanges is doing the actual onboarding and um and dd so as some top
tier projects within the chain do come about i would uh welcome you to refer me and find ways that we
could be creative pearl this isn't uh the time for that do you have any questions for the projects and
we can bring you on at the end yes yes absolutely absolutely absolutely absolutely um so maybe you
could share like a few of the things like given the major traction that you folks have had with the
early days of the chain that created like i guess 80 20 principle um for the fellow builders out here
and specifically like um what holes do you find that you could get help with
so is your question for the dose chain team or for one of the projects here
let's say for the dose chain team okay uh that's that's fine um but generally we wanted to address
questions for the the guys here but we can we can answer that that's no problem yeah yeah and then
maybe oasis can answer as well because it'd be good to get you know the team's feedback as well as
one of the major projects yeah for sure oasis has had a ton of traction as well so that's uh it'd be
great to hear from them so in terms of buzz i mean like the main thing is like when you're a
builder in any market um when you're in a bull market you can get away with a lot of things for
example you can you know you can launch before you have a minimum viable product do a token sale do
a big raise and then you know wait six months or whatever then launch the project in some limited
way um and then you know string the community along for 12 months before it doesn't gain much
traction in a bear market and in general because our team has launched a bunch of projects in the
past like you know sam kazimian with frax rock with quick swap andrew former advisor to ftx and a bunch
of others um it's i think that it was very important for the team to basically have a live working product
before we did anything else so um we're obviously in the the chain main net right now which means that
you guys can fully interact with the the protocols and people can build and so on um and that's
completely different to the way that most projects would operate so i feel like you know a lot of the
community response that we got is like yeah we generated some hype on on social media but then
when they looked into us as a team the team's really solid and the project's working and it's
live it's not like you know six months out with a roadmap of how we're going to get there it's like
no it's live now you can literally go and use it like that that was the biggest thing rock i don't
know if you want to weigh in on that yeah yeah i think you know we had something a bit unique
compared to some other launches which was that because of those previous successes uh that jack
has mentioned and our experience and our resources uh we were able to do this i mean one fully self-funded
um you know and thanks to kind of some previous successes we were able to build a very large team
from day one i mean even before day one uh day negative you know six months so we you know this
project we've been you guys have only heard about it in the last few months um you know when we started
socials and started and you know the chain and etc but we've been building this for almost a year now
and uh even before you guys actually heard about it we had a team of about 50 so um this is a little
unique and we had a lot of kind of resources and the size of our team the size of our development team
our technical backgrounds our marketing backgrounds with lunar digital assets having you know done
marketing for polygon for years and uh in quick swap and some other uh big projects but um yeah so it
was a we had a little bit of a head start in a lot of ways and we had also helped you know built a lot
of the the poly infrastructure with quick swap being the biggest decks on polygon and us doing
a lot of the bd to bring projects to polygon over the years so we that goes hand in hand with what i
was talking about earlier with the bd stuff uh we we saw how polygon was built and we're following the
same exact roadmap essentially uh so we've got some kind of experience in that way uh so uh but i would
say probably the most important uh thing that done that's that's helped us is really thinking about
the community that's why you hear me always saying you know what what are you doing for the community
how does this help the community how is your security strong so we can protect the community
i mean almost everything i talk about is about the community at the end of the day um so that's been
the biggest thing that's always been like my thesis in in the industry is like invest in the community
that's what really matters and the community may or may not always agree with what you do and you've
got to try to find you know a happy middle ground but uh at the end of the day it's all about the
community cool thanks thanks for the insight rock um yes it's it's super important community is like
the most important thing so should we ask the same question then to oasis so um oasis obviously you've
gained a lot of traction with the nft marketplace so what were the keys to your success um basically i
think my story is the same as yours community um i basically i had my product ready so it was
already kind of battle tested so that was uh that was not really a problem i had a little bit of
trouble with uh the infrastructure because we're so new you know with all the r the the rcps being
somewhat slow sometimes so i had to do a little bit of extra work there but was not really a problem but
yeah i think key success is uh just get into the community um i've been i spent way too much time
sometimes in telegram just you know trying to get communities aligned checking them out seeing what
their needs are and and basically address all the questions they have and if you do that right
then they'll then they'll get to know you and you build trust basically and then things yeah just
grow organically basically uh so that's that's kind of the same story for me yeah so have a pro i think
that the key theme here is uh respect the community and then have a product ready to go don't you know
don't say we're going to launch in 12 months and then uh string people along it's like if you can
use it then talk about it i think that's the main thing right exactly yeah great cool um okay so
uh so we've been through our projects now is there any other people that want to just ask a quick
question before we move on i know there was a few more hands up okay so yeah got you uh lunar gems now
remember uh as the other guys have found out this is to ask questions to our uh guys that we've had
on the spaces here rather than uh to uh shell something yourself
so it says that you can speak uh but it keeps looking like you've requested to speak so i'm not
really sure what's going on there does anybody else want to step in
hands up guys if anybody wants to oh yeah i had a quick question for oasis
yeah go ahead so right now for launching nfts is there any sort of platform that you may be
developing in the future um similar to openc where you can launch tokens directly from your website or is
it all just going to be external contracts that are uh routed routed through your website
yeah great question thank you um right now basically yeah um uh you'll have to
set up your own contract and and take care of minting and everything but uh we're absolutely
planning to uh have a launchpad feature um i think it's going to be some weeks maybe a month out
before i all have that already but uh it's it's definitely in the pipeline and it will get here
um basically for anyone who doesn't want to be too overly concerned with all the technological stuff
uh to basically launch their own collections so that's absolutely uh on the roadmap
amazing yeah that'd be great because i know a lot of people uh want to get into making nfts and just
aren't you know technical savvy enough to launch their own contracts or at least know someone who does
who can make those types of contracts so yeah having that sort of feature on your website would
definitely help grow and um you know expand the community i think yeah i think in general to be
honest um no code or low code features uh this is a little bit of a personal alpha this is just my
opinion um i think as the space matures low code and no code features and plug and play options are
going to become very common so if you look at the way web 2 evolved so initially it was very kind
of uh you know clunky and um you know if you look at the way people would build websites it was very
like you know it was it was coding right like proper coding then after a little while you had
things like wordpress and then eventually ended up with like as simple as shopify when people you
know they literally just like build a store that's very very simple and they basically all look the
same but it's effective and i think as the space matures you'll see more solutions like that to bring
more folks in but that's just that's my opinion yeah let's give uh ivan let's give uh not doge uh
your dollars of uh dc please for the good nice yeah well done man um so i i owe me i owe me
i'd like to speak yeah yeah i'd like to speak yeah not doge uh can you dm my other account
i'll do the reno uh on twitter okay okay um yeah what's your what's your account is it the one
that you're speaking on or a different one i don't think this one has dms open so the other one that i
had the lego guy el duderino he's a speaker right now but he's not speaking he's speaking
the little lego yeah okay yeah i'll dm you thank you guys cheers thanks hello okay so
yeah good again how are you guys
i i really appreciate this space it's been a very good one and i'm i'm thanking the
days for the effort to increase this shame so good question how like is this space going to
like how is it going to place the the the coins the projects that's all the shame itself how would
it because i just i'm just trying to know to know how it's going to influence all or this is just
about the project on their own and the space on its own or is can this place let's say influence
we all can we watch out for good question thanks yeah i didn't get any of that somebody else
can answer that you've got a strong accent and you've got a lot of background noise so we didn't
get that is it did anyone understand that uh no sorry i didn't understand it fully i think uh he
was referencing like um okay i can just yeah go ahead say say again i'll give you one last chance
okay thank you so what i meant like this space this space which we are hosting right now how is it
going to affect the project or what should we look out for like you know what i mean like what can we
look out for what should we okay i think i think i understand what you're saying so like how is this
space the twitter spaces that we're hosting now going to affect the project so um like the main thing
here is we wanted to provide a round table so that projects who um are building with us or want to
build with us can come and talk to the community about what they're building because we realized that
you know we have a really big social following a dose chain family and that's not the case for new
projects and you know we wanted to support the the more promising projects in the ecosystem we also let
then anybody jump in at the end and and shill anything that they want because we're you know we want to be
fair about this so uh yeah so that's that's essentially how it's going to help um also
because it's a regular occurrence on a friday when we speak to our community we also try and
have a few hints about things that are coming up in the future drop a little alpha which we may get to
later so um yeah that's the ways in which it helps the space um additionally um with what we were
talking about uh kind of in giving some vague alpha uh is that in the future we may incorporate this
part of a platform where the community will have some say uh i'm trying to think of how much we want
to do you want to just do you want to do uh like take five minutes now and just uh go as deep as you
want to go on any of this sure sure so well there's there's several things so there's probably like
five different things that i think are going to be pretty exciting for the community uh maybe we'll
talk about like one and a half today uh the half being this so uh we're going to have the community
involved either through socials and or uh voting with token uh
okay so we'll have community involved in basically choosing where grants will go and investments uh may go
uh so one second my girl is washing her hands babe can you do that in the other room um yeah we'll have
um the community involved in this stuff so we'll we'll talk more about that later um so i can talk
about the other piece of this which is uh the other alpha that we're going to talk about which is
a lot of people have been concerned with uh like vesting unlocks and some transparency around those
things so um we've released you know the amount of tokens that are kind of theoretically unlocked um
so like as an example the market making wallet uh has two and a half out of its total in in that
it'll ever have up so there's five percent that will ever be used uh possibly for market making or
liquidity um uh things that could be um additional market making or it could be providing liquidity
to dexes and things like that so of that um only a small amount has been released um so there's two
and a half percent that's technically unlocked and may be considered as part of circulating supply
but that two and a half percent is not hitting the community only a very small fraction of that
i think from my understanding it's like a hundred and sixty thousand dollars has actually hit the
community so um you can look at the circulating supply in two ways you could look at it as being
the maximum theoretical circulating i'm i would call it which is that two and a half percent or you
get it as that hundred and sixty thousand that has actually hit the public uh market um so there's
different ways of looking at that and we want to try to break that down a little better for the
community moving forward going back to the concerns of you know vesting and unlocks and things like
that one of the things that we want to do uh here is we're going to do a vote with the community
to decide on changing the vesting of the early shibes so previously uh we had said that the early shibes
uh we would give uh an amount of tokens out and 15 percent would be given right away which we'd be done
uh and then the rest would be vested over a 12-month period we've since uh through internal discussions
and speaking a lot with the community and a lot of community uh concerns and and just discussion
the telegram and on twitter etc we've decided that that's because it's such a large amount because
the project has done so well it's it's a lot of uh tokens and a lot of money to be released uh and
that would be released monthly so what we're uh leaning towards now and we'll get the community's
feedback on this is this is you know like we said this is all about the community um and we've kind
of started some discussion on this and people seem to be very supportive of this idea is to increase
that 12-month vesting for the remainder of those the early shibes program for people who bridged
doge over so to increase that from 12 months to possibly up to 38 months so this would decrease
that that supply in the market by you know 75 percent uh which is a little more valuable to the
community i think uh so that's one of the things we're looking at doing and then there's a series of
a lot of other things we want to really increase the vesting on a lot of areas to very long time
periods um we haven't locked all of these things in yet but you know i'm actually pushing for even
in some of these areas pushing to very long vestings like maybe 10 or 20 years or 100 years uh or
something along the lines for some of these different pieces uh gives the project a lot more
long-term thinking and runway uh and then it also uh just vastly improves kind of the tokenomics in the
short term for for the community and that's that's i think all we'll say for now but there's yeah a lot
of very interesting stuff coming
and this boat will be coming uh very soon guys like uh before uh before the unlock that's coming
interesting which is on the 27th that's uh that's that's great to hear i think some of our community
members will be very happy with that so um cool okay well we can um maybe uh have you talk about
some other stuff later on uh so lunar gems was uh was raising the hand earlier to speak again let's
try and keep it to a question rather than a statement about how amazing your platform is
no i'll skip to the end i didn't raise my hand cool yeah uh you're gonna wait till the end yeah
okay that's correct cool no problem i'll remove you right now if you raise your hand again later
um okay cool uh panda requested add is the speaker good panda genie jenna jenna jenna sorry can't get
your name right um guys so good evening everyone so um i've been i've been watching the markets for a
couple of um since the launch of these tokens and all so um i'm willing to ask why projects like
um omnom kib and kibu swap and um you'd swap i know the communities why they are not active
on their communities i mean the devs and the moderators why they are not being active they
should be on these spaces and tell us what they want what how they want to move their projects
the their plans for the projects in the coming weeks and all thank you
well that's more of a question for the project themselves than for us
uh i i i don't see them directly in in the listeners here uh i from what i'm following
on telegram their their communities are pretty active i know your swap is um but this is not
something that we can we can talk to them of course and and try to push them towards uh being a little
bit more active and invite them here as well to speak for their projects but that's the most we can do
actually this is a decentralized the blockchain and everybody is free to do whatever they want
create projects and even unfortunately abandon them if they choose so yeah exactly i mean you know
you may you may hear from some of these projects that you're speaking about over the next few weeks
and months as these uh project spotlights continue obviously we're going to invite various different
people on that we're in touch with so just bear that in mind yeah we've got we've got like we said
we have like over 200 projects now uh inbound that have reached out to us and uh additionally another
i think a hundred or so that we've reached out to uh from other chains yeah so yeah there's a lot of
projects to get through guys and it may take a little longer because we've now reduced the amount
from five to three that we do each week but we just thought it was too rushed before so we thought
it would be better to give these projects a little more uh time to flesh things out community
one thing we could do um in the future is maybe you know at the start of the week on the monday we
could release a twitter poll with several options and then you will you know we'll allow you to pick
like three answers per um like person that's answering and then you could pick we could go maybe to
like a little community vote to see which projects we want on and then in that way um if there's
something that maybe we're missing and the community's seen uh then they can vote for that project to come
on and join us on the spaces yeah we did a really cool um thing with quick swap um recently and that
was uh liquidity mining games so uh you know quick swap is a deck so there's different projects get
liquidity farming rewards in quick token and uh one of the things we did that was really fun
great for our socials and great for engagement was we had projects uh do this kind of battle where
the communities tweeted uh retweeted commented etc uh to our twitter account on a thread and then the
projects it was a you know i think it lasted like a month uh the first round and so or the first
instance of this so it had several rounds you know a bunch of projects would tweet and the projects
that got the most tweets and engagement would make it to the next round and then and then the next
round then finally the ones that made it to the end got uh these these rewards so they could get more
liquidity on the decks so this is something we're thinking about doing for dose chain as well so there's
a lot of ways we're looking at so one we're looking at doing grants uh and support just as a team
with you know kind of what we decide uh we think is is best but we also uh trying to explore these
different options letting the community decide on these things more and that's either through
a program like this where we do social engagement and we let the projects uh kind of tweet and get
their communities all involved and we hear their voices and the more you know the more voices we hear
uh then these projects get either a spotlight or grants uh or etc and then the other one is
uh through voting uh on chain uh having projects vote for okay so i've been hinting at it a bunch so i
think i'll just i'll just give some more alpha here so one of the things we want to do is make
dose chain sort of like a you know mark cuban kevin o'leer shark tank uh type system where projects can
use their dc stake it a vedc model uh for amounts of time get multiples of voting power uh and then be
able to vote for projects that the team uh or that the project should invest in uh and then the this
investment in these projects will be uh you know there's different ways to do it but one idea is that
the project or that dc gives the project a certain amount of dc tokens maybe vested maybe not and that
project airdrops uh its tokens to the community to these vc holders uh this is uh this is what we're
leaning towards but there's a lot of different kind of variations and specifics that we're still trying
to nail down but this will be you know a great utility for the dc token is you know everybody wants
to kind of play vc and put on their vc uh hat and we don't have any actual vcs here by design we don't
uh we don't want vcs coming and then dumping on the community like some projects do um unfortunately
we want to keep this decentralized like uh like the ethos of this whole ecosystem is supposed to be
so we want to give everybody uh the chance to put on their own little vc hats and decide you know the
hive mind is always is always smarter so we think this is something that's really interesting never
really been done in the space especially at the chain level so we've got i i think it's 29 the entire
token supply is for uh the dao and uh this is uh this can be one of the first things that the dao
could be used for it's very interesting i i can't say enough how excited i am about this
we've been fleshing out for a while we weren't gonna spill it today but because i keep giving
these like half hints i figure you know what we might as well let you guys know so this is something
you guys can look forward to uh for locking up your dc and using it uh to invest in these different
projects uh and you won't have to uh spend your dc it'll just be uh for holding dc and locking it
you you will get these project uh sort of investments or airdrops or however we end up crafting that
interesting for sure um i think when all this like is fully released with documentation and so on so
people could look at it they'll see that um the model that we're going for with dose chain is going
to be pretty unique in this space so i've just uh removed you as a speaker i owe me um your background
noise is still very loud um and you was lagging a little bit so yeah i think when people see all
this wrote down in documentation they can really digest it and they'll realize the model that we're going
to for um like the way that you can use dc token is going to be quite unique in the space so i think
that's going to be really exciting for the community to see yeah and that's just one of many ways that
uh your dc will be utilized in in the very near future we're not we're not talking six months or even
a few months uh some of these ways of staking your dc are going to be coming uh very very soon i don't
want to give a too tight of a time very very soon yeah what you'll realize about the dc team the more
you kind of stick around the community groups and stuff is we don't really talk about dates but we do
things very fast compared to other projects um and the idea is obviously we don't ever want to give
you guys a date that ends up being missed but when we say we're working on something we're working
on it pretty quick yeah i mean like fortunately we have a team of 50 so we can we can really
execute quickly uh we've already uh beaten a lot of our like projected mates either that are our
internal dates that we decide as a team or uh even some some of the public kind of dates or ranges
we've given i think so far we've been pretty much on time or ahead of of most or all of these different
uh pieces i'm really proud of all the all how hard everyone is working here you know seems like
these days half the team is like running on no sleep and we're just really so excited to bring
this to you guys so we don't want to give dates so we don't want to over promise and under deliver
uh because sometimes they take longer in development as we all know from this industry but
uh yeah i think that was perfectly said we don't promise dates but we try to work very fast
exactly um we realize the responsibility that we've got being kind of a hub for the doge
uh community in the doge ecosystem is is like you know that's that's a community where a lot of us
are based and where we found our home and um it's a big responsibility because doge token has been
around for a long long time um and so the best thing we can do is just work as hard as possible
build as much value as possible for you guys um as dc holders but also as uh doge holders as well
um and yeah just create a an amazing uh perfectly working ecosystem so yeah okay um do you want to
move on to the shitcoin section rock and we'll just let anybody that wants to show come up and show
let's do it so if you want to if you want to show your project talk about your project uh if you have
any questions for the team for dc doge chain team or if you have questions for the three projects that
presented today if you want to uh complain about anything uh if you hate us whatever we'd love
to hear from you um any any of the above now it's really a free free open forum community especially
the negative stuff if you hate us we really want to hear from you okay i'll i'll start off rising
some people and we'll go from there
lunar gems go out to your speaker
all right hey guys um first of all i just want to say i'm really excited from hearing from james and
rocks and and rocks is um he's bad at uh keeping all the secrets so he he spilled all the beans which
just makes our team really excited so i'm just going to say that uh we will be bridging over to uh
doge change in a couple weeks uh our partners uh ice cream squad uh they have a deck and they have a
unique um uh universal bridge that allow any project uh to bridge over to any blockchain and um i think
the first blockchain that they're going to do would be uh doge change so we'll uh what we're going to
bring to the community is that uh uh we have a very unique um uh utility uh we are aiming to build
a resort in the maldives with our uh partner and uh from what rocks and james say you know community
is important so what what we plan to do is we we want to use uh dc tokens and our token to be
the main token for the resort and then we have our uh nft that has passive income based on the income
of the resort so we'll we'll definitely we'll have to implement the dc token in it um in in our uh
passive income as well and um just to make it quick you know we'll we'll be coming to uh so don't
change and we're really excited about it uh i just i don't want to take up too much time i'll let
other people uh speak yeah that sounds pretty pretty cool pretty crazy real world use cases
for dc and for your token i would uh like to make a request that you add doge to the list of usable
currencies at your uh at your resort uh that would be great oh definitely uh we actually will be
bringing our uh sister projects over to doge change as well one of them will be launching soon
on bsc but then we'll we'll bridge to doge change as soon as it's going on go live it's called meme
royale it's a play to earn game and it's a um it has a really unique um what's it called i would say
a token um way of reward token it's super unique or like like economy so so pretty much it's thing
thing because we we are a team from from texas so we love texas hold them so what what what we plan to
do is um have player to join to pay to the pot to join and whoever win or whichever team win will take
80 of the pot and the uh the host will take 20 to do buybacks and uh with uh that being said once we
bridge to dc we'll probably gonna implement on um by dc and then we'll do free airdrop to the community
as well interesting if you if you launch your physical like if you have a physical resort one
thing that we could do should be really cool for um you know potential marketing is uh we could give
away a trip to the resort on the spaces here so that could be super interesting so feel free when
you guys are up and running to reach out to james who handles the bd um and if you you know you you
build what you say you're going to build and it gets community traction then we could definitely do
something in the future yeah you were another option too is uh give away like do like some kind of
um giveaway based on people's ve dc holdings which are the locked version of dc uh that's something
that we're uh probably we've ever mentioned this yet but that's something we're all that we're really
got me excited yeah that that part that that you just uh announced earlier that that got our whole
team really excited about you know we can see the future for no chain to be really big because now that
uh will be less people gonna dump on the uh the dc tokens and and it's gonna create um massive massive
uh uh what's it called i would say uh community follower for for no king well yeah if you think
of it like this so there's ve uh the ve model is used for a lot of other uh projects like curve
uh convex etc so the idea there is that the end of the point of it so look voting on the way the the
ecosystem moves that's interesting but that's not the most interesting thing to do for the community
a community wants is they want control over uh over the supply in a way so if we start giving people
these e dc options basically you lock your dc you get the e dc you can lock your your dc for uh you
know one month or four years uh and so you lock you now are basically locking to have some control over
29 of the supply at today's uh prices that's around uh three billion dollars so you can imagine
probably see a lot of people locking because to be able to uh have some control over three billion
dollar uh treasury is pretty interesting uh for a lot of people now might be uh regular individuals
that could be vcs themselves uh i know when we were discussing doing a ve model for quick swap uh we had
many large institutions reaching out to us um sequoia uh terra luna they they they're gone now but
i guess but uh yeah so you'll have a lot of these vcs wanting to to use those funds because they can
then try to vote to uh get you know project they're invested in uh some some exposure investment from the
community or whatever so it'll be uh up to people to kind of maybe a bit of a land grab of okay
we better hold as many dc tokens as we can because now we can help control the direction of this
portion of the supply which is i mean really incredible we saw what happened with the curve
wars people basically started buying up the entire supply because you know they can now route the the
liquidity farming rewards uh to the projects and so they quickly are doing a calculation okay if there's
you know a hundred thousand a day going to liquidity farming and i can buy up you know a few million
dollars of the supply and i have some control over that especially if i buy it early before everyone
else then people start uh looking at uh like kind of the game theory starts to evolve rapidly there uh
so yeah look up the curve wars that that was um pretty interesting how that unfolded so yeah that's uh
that's great uh yeah if you guys actually launch a uh in-person resort and use doge chain doge in
your your token uh that would be pretty interesting and yeah you can look at giving away trips to the edc holders
similar to how you know board a yacht club gives away uh you know yacht parties to their whole community
and then oh the alpha that i was going to give it's it's uh okay one but we're also going to be so we said we're giving away a tesla
uh it's going to be more than one tesla and one of the ways that we'll give this away uh we already
uh said that we would do it through uh like one way will be through socials
uh but we're also going to be uh doing it at some point to these vedc holders so based on how much
dc you lock you'll have a higher chance at winning uh either tesla or maybe multiple teslas
so but we'll uh we'll release more information on that later that's one thing because we do have the same program
with with our projects we're giving out three tesla depend on how much loan token they hold and depend
on the market cap so um that's i i i think what's the doge chain team and and our team minds are almost
like alike and back to the resort uh we are currently on bsc and um bright change so we have a partner
called bryce paradise and they are building the resort right now how long until you come to do we
won't talk too much about finance right here but how long until you're on doge chain in two weeks
awesome good to hear well in the interest of letting other projects speak we'll have to cut
you off there but it was great hearing from you what was your name uh johnny uh johnny nice to meet you
all nice to meet you yeah cheers for that thank you very interesting okay um hand raised guys let's try
and get some more people authorized uh doge you mentioned before didn't you dogecoin ride let me
add you as a speaker okay dogecoin ride you're a speaker hello yeah hey guys i'm sorry about earlier
when i jumped in here i apologize for that um doge tame rock i'd like to tell you why in two i can do this
in two minutes because i believe that people come in with their presentations um they're not on point
so here it goes i'm going to tell you guys why and how my account with the half a million followers uh
mainly doge supporters can help the doge chain first why what we'll give you this is the good
time for you to do this so now what you say what is your twitter handle so people can okay it's dogecoin
ride and i was brought on go ahead sir i'm sorry oh nope just saying okay cool move on yeah so i was
brought on about three weeks ago in this account with a half a million followers to be the voice of
the account um i partnered with a gentleman and i came on and i created spaces i make contacts so what i do
is can i pin something if you guys don't mind uh yeah what do you mean in the in the spaces itself
on your board up top yeah go ahead okay so what i do is i bring the best influencers on spaces all
together and put them in a space wednesday night uh that includes matt wallace terrible some of the best
names uh in crypto so my value i think the doge chain would be all these nft projects i have on
my show we could sponsor doge chain have them on the show have them as a co-host spot and actually
talk to these projects and onboard them so if you guys if you guys see on the above post my last show
on wednesday i had 2600 people in three hours when i started the show i had over 500 people in the
show at all times for an hour and a half um i'm basically the point guard gentleman i produce i
create these shows and i let the project the the stars uh do their thing so i really believe i could
help doge chain in some capacity bring in all these nft projects together i come from a sales background
unfortunately i've done telemarketing in the past um which actually works well in these spaces as far as
strategy so you know just in closing you know i'm a grinder i'm a fighter and um i have a huge doge
account which i think you know could work um with you guys because there's a connection there already so
you know i'd like to you know maybe have a call or dm behind the scenes and go from there because i
really believe the most important thing is community and showing you value how i could really support and
help the doge chain thank you gentlemen cool from you you know it's it's funny influencers have like
a mixed uh reputation right so in some ways the influencers are one of the first lines of uh i don't
want to say lines of defense but lines of getting the word out to people right so there's there's a lot
of value in what influencers do um there are like mixed uh opinions about influence when you have
um some influencers that are shilling uh or even worse shilling without disclosing uh that's that's
always a problem so you're unsure do they believe in this or they're just being paid to talk about this
right so like i look at influencers as you have to kind of be careful know that they may be being paid to
talk about things but it's a good way of you know putting your ears to the ground on things that are
happening and depending on who the influencer is is this an influencer you trust or you love or you
don't like uh my opinion on different influencers has evolved you know a lot over the years that i've
been in the industry i've been in for almost eight years now i've seen a lot of influencers come and go
some that i liked and thought were great turned out to be bad and some that i thought um it'd be bad or
boring turned out to be good so uh it's mixed bag mixed opinion but i think there's definitely a place
for it um you know matt wallace has some like controversial people upset about uh him talking
about a project that uh failed uh and uh but i i like matt wallace i think he does great thing for doge
i think uh same with pro the doge i think he does great work for doge they they bring a lot of people
into the ecosystem there's a lot of people out there that the first thing they're going to do
they are don't know how to use doge don't know how to buy doge don't know what doge is where are
they going to go they're going to go to youtube they go to twitter and they're going to do a
search how do i learn about this that's a lot of people's first intro to these things so mixed uh
mixed bag hey rock do your own uh quick you know research on these guys but yeah go ahead rock i have
a co-host seat available for you anytime you want rape assigned matt wallace and me like i said i'm the
producer of the show i take the show to your vision what you want to do with the community
with all those 500 plus people in the room i make it happen i'm the behind the scenes person and
ultimately my final words here is i came on this account to onboard the doge community into nfts
to metaverse projects and it's really working great i've only been doing it three weeks i'm a numbers guy
i i can prove those numbers and back up back them up and answer any questions you gentlemen have
but i think just with our accounts and what i do my background in sales i can really onboard many
projects into the doge change so you definitely sound like you have a sales background nothing wrong
with that but uh yeah we'll we'll definitely uh talk to you reach out to one of our admins and uh
we'll look at what you do and uh you know go from there maybe uh or maybe even if we don't do
something officially with does team we're very we're kind of careful and about picking uh these
kind of things and doing official like endorsements but uh maybe we could get some of the different
teams that are reaching out to us maybe they could talk to you or or maybe we do too if we think i can
even do this i can even do this i can even do this i can even do this i can even have a show
just with no influencers just with doge chain so you'll have every single person you want in
there you control the show and i just do the producing from the background okay we'll take it
offline let's get uh thank you for reaching out uh and thanks uh and let's get on to some other uh
of our shit coin uh message dogecoin
all right guys that was aztec speaking by the way uh dogecoin right okay cool and thanks for your
support by the way i i'm pretty sure i've seen you around uh supporting dose chains appreciate it
uh okay so um if you guys want to raise your hand again okay so we've got somebody called charles
i will uh charles ponzi great this is going to be good i'll add you as a speaker
uh and uh not doge wants to speak again i i can see you brother i will uh
uh yes charles so my question is about the um the vedc model so um i just wanted to know like
is there any actual reason why the vedc token is non-transferable because um i'm saying this because
um i um involved in the convex um ecosystem and whenever you stake out your convex tokens and then
you vote um for bribes um you can't do anything with the logged uh token and i was thinking um if we
had access to the logged uh token token that's non-transferable you could use it for like defy
you could use it to maybe uh do a collateral and then borrow something against it so my uh
what i'm thinking about the vedc token is um it's going to like um have users um split between or should
i stake my token or should i not stake it and then use it in d5 but if people can stake it and then
still use it to like um use it in d5 i think it would actually increase the number of people who are
going to like stake their tokens because they don't have to like split it between or should i go this
way or that way and yes yeah just ask the team is that that's a really really good question let's get
uh uh who is that whoever you are if we'll get you a hundred bucks it's a great question this is
something we're actually uh we've been debating pretty heavily internally um we have a lot of
experience with uh with this and a lot of research behind this uh you know frax uh sam kazemian the
founder of frax one of the uh larger stable coins uh they have their own ve model with their
fractures and so they've got a lot of experience and there's a lot of game theory behind this as
you mentioned with like curve and convex and then there's the like the ve33 model and the work that
andre has done um so there's a lot of different ways of looking at this exploring all of these ways
we have not finalized the model fully yet we've been building it but we're still exploring different
variables right now uh we are leaning towards it being non-transferable this is not fully locked in
stone but the our thinking is that we we have it as non-transferable and then projects like convex
or uh even if the dc team wanted to help build something um or indirectly build something that's not
an official project but that we could try to help guide the the game theory of this because some of
these things there's there's some bad game theory that could come into play i'll give you kind of an
example so uh lido is an example of something that people uh like a lot it's being used a lot it's you
know basically it's a way of staking your eth but having a liquid version of it now there's good and
bad to that of course people would like to earn uh those ethereum juicy you know staking rewards but
still have a liquid token where they're not locked in um but then that kind of defeats the purpose of
locking in a way because now you add this new supply of eth to the market in a secondary market
so are you really locked you could kind of argue that well the eth is still locked but are you really
locked if you could just trade that token and now someone buys that token instead of buying eth
right so that's one of the problems an additional problem is that uh if lido or competitors uh to
lido or coinbase or binance if they hold too much eth and stake your eth for you they become whales that
can manipulate or control the system and the voting in the system and we see this kind of with convex i
mean there's a lot of game theory behind it it's very uh interesting and we're still seeing these things
are evolving for us right now the the way we're leaning and we would love to hear more from the
community uh any experts in ve models that want to give their opinions it's i know it's a pretty nuanced
uh niche and like complicated topic but if anyone wants to give uh like their opinions these things
feel free to reach out to us or talk to us in the telegram community but right now our opinion is we make it
non-transferable and we allow third parties to build things so the integrity of the non-transferable
token is never bent because if you make it transferable then weird things um can happen i mean like
well one example of uh kind of the other side of the coin that lido uh have made this transferable token
and then lido has lost its peg at times when terra luna lost its peg and then even usdc and some of these
other uh or usdt uh and some of these other stables started kind of losing their peg a little bit
uh people were worried about the liquidity of lido and uh and the peg actually was lost so there's a
lot of weird kind of game theory here uh and it's not a simple question but that was a really good
question i appreciate that cool thank you yeah just so anyone else has any opinions on that by the way
if you'd like to come up and speak right now uh for like talking about how you know pros and cons
that you've seen you know with other projects i mean we're we're diving deep into this and we've
actually spent uh not just for this but for frax and for quick swap i mean we've spent months and
months researching this but we'd love to hear people's the public's opinions
so are you talking about for the validator nodes that are running the the doge chain um
um i know how you're making the comparison to lido and how what like recently with the merge with
ethereum and all that i do agree with what you were saying how you know it was more decentralized
when people were mining on you know multiple units all around the world and now people are staking
through validators with coinbase and lido and all these other huge projects um is that some that's
just something that you guys are trying to move away from and try and make it more decentralized uh
like give power back to your users um i'm just a little confused on where your game plan is with
that sorry i'm not understanding your question exactly so the validator system uh i i don't get
into too many details of that so i may have to avoid your question for the time being if it
has to do with validator system but we could talk about the the ve model that i'm talking about here
so some of these things will kind of work together uh but we don't want to release all the
information just yet uh but uh yeah so go ahead and repeat your question please i guess what my
question was so comparative to on ethereum with lido and all these talking about hosts we're talking
about staking dc to vedc and then using that to vote on projects that may get grants or investments
from the from the supply of the tokens not the validator system yet okay and there may be some
cross over there but i don't want to give too much away yeah i saw the proposal you guys made on
twitter and i i love what you guys are bringing to the project to dc and adding all these new tokenomics
that are gonna you know just i didn't even know that we had something on twitter yet what did we say
um we've got a lot of we've got different people working on this it was just a brief overview of
what you were just describing um how you how you guys are going to bring in vdc and be able to you
know stake and vote on different when was this for grants i just rock is very it's very brief it was
released uh a few days ago yeah it's it's a light thread like you know three posts you know very short
but yeah you explained it a lot better yeah to clarify now doge overall like our goal is always
to be as decentralized as possible i think that's what we can say at this time awesome yeah yeah we
want everything you know fully decentralized right now we're poa um and then we're going to move more
and more towards giving everything you know voting on everything to the community that's yeah that's
take some time with um with like uh liquid staking protocols like lido um while it is it is a great
innovation and it's something that a lot of people in the space really wanted it kind of encourages a
little bit of centralization because you have this concentration of liquidity um for these projects that
are hyper dominant in the space like lido and a few others um and then that you know opens the door to
like rock said issues with control and so on um whereas we want to keep it as as much uh not just
decentralized but decentralized to the point where you know the the smallest community members still
have a voice um so yeah that's kind of i guess i guess yeah that's what my question was was how
how are you looking to avoid people like lido or large stakeholders to control the votes and how can
smaller communities contribute equally to that voting system so we can add some of that into the
tokenomics to kind of try to try to game theory it ourselves and like avoid things so i mean there's been
a lot of ways of doing it in the past um like proof of work for example uh you can go into pools and there
is a benefit to going into pools but the great thing is that these pools are very mobile so you could uh
for example there was a time where one pool this was like i don't know eight or nine years ago maybe
where one bitcoin pool had uh i think it got to maybe even 50 of the hash power and so there was a big
community complain about this and what happened is people started out of that and that pool doesn't
even exist anymore so there are different kind of ways depending on the system and depending depending on
on how we design the final system that we could try to avoid centralization as a uh like a a
foregone conclusion so that's obviously our goal when we're trying to design all these things and
it's not an easy one it's not these are not easy uh uh you know or obvious computer science problems to
solve um and so we have to take the best of you know what we can see happening in the industry think
about game theory and start designing systems around it one thing that we've thought of is
trying to encourage or maybe we develop something like convex on top of it that um like disincentivizes
too much centralization in voting um so there's there's ways to do stuff like that uh we're we're
discussing a lot of different options for this it's a pretty big topic that we're talking about
internally as a team that we meet on almost every day at this point right also the genesis validator
set you know once we start moving in that direction that that will play you know a big part of um
creating a foundation that's not only decentralized but uh uh you know is community driven
yeah yeah thank you question amazing i have um one suggestion possible just for the way yeah
for the way that you guys could set up the you know the proportions for different amount of
stakeholders so maybe to give back to you know smaller communities that have less stake in dc than you
know these om nom or you know all these larger communities maybe take some sort of proportional token
amounts so like let's say if you have you know 10 000 uh dc versus like 100 dc you can work it out to
where it equates to like a similar amount of voting power so like everyone no matter you mean like
what you're realizing whales or potentially application well penalizing more centralized activities so like
you know if there's a huge pool or community that yeah further dow has a bunch of dc
locked into it and they're trying to manipulate voting power you can you know yeah i get what you're
saying yeah that's very interesting actually so we will so try to disincentivize too much aggregation
where if you start to get too large your voting power is like slapped in some way either small or large
that's that's that's a pretty interesting uh thing yeah i know their project did something like this
actually yeah it wasn't ve model at all it was something totally different but basically they had
a whale uh like a thing that tried to disincentivize too large of whales or like big exchanges coming in
with too many tokens from taking all the supply yeah and kind of giving more power to even smaller holders
like um you know it wouldn't have to be overpowered voting but just make sure that those for the
smaller communities that are holding dc and their dows or just individual people that are staking
to have full representation in what they're voting on and you know try and stay stay true to the
decentralized model that you guys are trying to run yeah it's hard because what what happens there
is you either have to have if you don't have like manual intervention or maybe that manual intervention
could be the community voting to slash certain holders which gets a little weird but if you don't
do anything like that what happens is like basic civil attacks so if there's a large pool that has too
much in their whale what do they do they just break up into 10 pools right and then try to bypass that
if it's done at the smart contract level so yeah it's it's uh it's interesting if you want to dm us if
you have any ideas about this or want to continue this conversation we'd love to continue the
conversation and if anybody from the community wants to discuss this further please jump into
the telegram uh and if your idea is very interesting we can get it escalated to the team cool thank you
so much um yeah glad you guys can host this space and yeah you guys are very knowledgeable and thanks
for answering all the questions uh if i have anything else to share to you guys i'll definitely reach out
in dms yeah we could give him a hundred dollars in dc you were the one that i just gave yeah we
already i can't i can't see your yeah yeah that's that's done that's not stop it oh yeah stop rock
on that note uh charles ponzi i sent you a dm from my other account elder the reno please respond on
twitter yeah it's hard to see who's speaking sometimes it's uh twitter spaces is not the best user experience
always yeah it's uh for a company that has like literally thousands of developers they do a they
do a bad job okay um so let's go let's go ahead with uh gaur i think you're i don't know if i'm
pronouncing it right but your your profile picks like a little uh kind of pikachu looking thing with
horns yeah yeah it's a little baby bull um i think it's a gaur i can't pronounce it either but if you're
middle enough you can pronounce it like war um but yeah so the ve model yeah the ve model i like uh
i think you guys are on the right path i i like it a lot um a couple things with it the lido stake
ones it's also an interest bearing token so it kind of provides uh some cool arbitrage situations within
it um and like you know that's also kind of cool play too but i mean if you want to prevent like whales
or stuff like that you just instead you can pretty much just throw away the whole ve model and have
like a burn to vote type of thing so you get like one shot you can't just reuse it um to then you know
further um you know and since vice holding the one token or the ve token to then control all the votes
that kind of makes sense at least that's what my take on it is so how would that like so but if you
burn you reward the whole community and you're burning your own tokens to reward the whole community
as opposed to selfish reasoning which is actually valuable in life right we act in our own self
interest if you know i go work hard because i want to take care of my family or i go uh i stake these
tokens to get uh yield but if i burn and then uh it just benefits everybody disproportionately to myself
is that unless i'm not understanding or maybe you can explain more so like the the voting power is through
the burning of the token itself so the number you stake or is you know essentially like a fully
locked contract like you can never get it back um is your voting power for that time so you get that
control it also burns the token reducing the supply you know that kind of stuff as well um but then it
also you know makes it so that you're not going to be able to vote that that many times or like with
that much weight every time you go to vote so it kind of you know you have to pick and choose or just vote on
an even level with everybody else um for the number of votes you would have throughout you know how
many governance votes you guys have kind of thing interesting i i'm a fan of burns i know that they're
like pretty controversial in those community it's it's interesting um maybe just because it's something
like past precedence but like if we can look at as an example that i've referenced many times and that
we were actually going to build into those chain early on uh but a lot of the dose community uh didn't
like the idea because they're just kind of against burns inherently uh some of them and so that is
eip interesting no idea it's you know what some some people a lot of people in the community love
it and a lot of people hate it and it was so controversial that what we decided is let's
remove it for now we were trying to um like listen to the community more particularly a small vocal group
of the community um and uh so yeah what it what it was we decided to remove it and then possibly
reintroduce it later uh either we decide as a team or we put it to a vote and let the community decide
we haven't decided on it but i'm a big fan of vip 1559 this is ethereum's uh mechanism where they take
a small portion of minor revenue and they uh they burn that as east so um basically over the last year
it's something like 56 of all eth minted has uh been countered burns so because ethereum has such
good uh transaction volume uh they've been able to burn either it's up to 10 50 million a day or even
some days it's like 100 it's like 100 million a day burnt eth so that's incredible this is the best
case of burn that the industry i think has seen uh binance smart chain and pancake have done some
pretty interesting stuff with burns that a lot of people like there's a lot of other examples but to me
eip 1559 is the best example of a burn and what makes it really crazy now and i haven't checked the
stats but if you go to ultrasound.money uh i'll check too but in a bit but basically ultrasound.money
over the last year has shown how much eth is burnt per day and how is eth getting closer and
closer to being either uh deflationary or how much more disinflationary it's becoming and like i said 56
percent of all eth over the last year was counted with burning and then what makes it really interesting
is now with the merge you decrease the inflation of ethereum by 90 percent and that 56 percent becomes
now majorly deflationary you know i think you're burning at this point five and a half times the
amount of eth that's being to the to the po system so i haven't checked the numbers i don't know if we got
there yet uh since the merge but uh i would get or probably eth is probably deflationary or close to
it or maybe hovering around the fence or maybe depending on the day and the volatility but uh
yeah that that's really flatlined there so it's what's doing pretty well the chart is definitely
like flatlined so it's doing pretty well yeah not talking about eth's price but just the amount of
tokens being burnt and all that yeah but i think it didn't burn so like i got off on a bit of a rant
there but uh yeah going back to your point if you want to send us an example of maybe projects that
have done this kind of governance with the dow through burns and stuff we'd love to take a look
and explore always good to explore other options but it doesn't sound like what we're good i i don't
think we're going to give it that much but if you want to send it we'll be glad to take a look
hey rock um just to follow up on just to follow up on something that was spoken about earlier
we have um one of the team members from hound on so if you remember when uh i think uh was it
panda sale was speaking yeah he was talking about a prominent project so uh pat go ahead
great to hear from hey guys uh first of all thanks for having me here uh i know i'm improvising a
little bit um first of all i want to congratulate you for this wonderful chain uh it's pretty active it's
pretty going pretty strong um and thanks for panda panda sales they uh helped us out with our sale
that's sold out in like three minutes so thanks for all the followers for those who don't know me
i founded polydoge on polygon uh so i have a little bit of experience in uh in uh launching these projects
and i've learned a lot of miss from my mistakes and i'm planning to apply them with my hound projects
which i'm running now on the doshane which is basically basically a kashi fork from sushi swap
so we're doing some lending and borrowing um uh and the platform's going out tomorrow so i'm pretty
excited for it and hopefully uh we can synergize with a lot of doshane projects so reach out to us
please and let's uh put your pair on our platform cool uh cool uh image you have there can you tell
us more about the style of borrowing and lending there's lots of different like borrowing kind of
styles and derivatives these days from you know isolated lending using different kinds of pieces
as collateral but can you tell us a little more about the specifics of how our platform will work
it's an it's an exact copy of the kashi fork so it's basically collateralized loans um basic pairs
you know like you deposit in your lands uh it's nothing complex uh we'll be uh putting out much more
details uh tomorrow uh when the platform is going out uh so it's it will be a lot clearer uh but for
now uh this is what i can say for now okay do you have a website where people can check you out
no website tomorrow everything everything will be out now we've done we've done things in a
little bit of stealth way as we can say i have i had uh uh we're gonna unlock some features slowly
slowly slowly but tomorrow everything will be i think i've leaked the launch because i haven't we
haven't announced it yet just realized that um i've leaked it okay so what was the thing that you
on panda sale with hound or something yeah what about that is that's the token yeah that's the one
and that's we sold out in three minutes uh why did how did you sell out if you hadn't announced what
you're doing well we've announced but like still like i have a huge following anyways uh from the
polydoge days and a lot of people just found out about it oh you were part of polydoge i'm the
founder yeah i found it oh cool so have we talked before i know we were polydoge quite a bit with
quick yeah with quick swap yeah uh cool i think i think we've talked before i've i participated in
the quick quick swap space um i've talked to you not much i think danny most likely talked to you
guys um he was handling the bizdef part okay we're managing from the maybe maybe tyler o'brien or
yeah tyler o'brien or yeah we've done the polycon um yeah i think i think it was tyler who was managing
the polydoge leadership that's right yeah cool i talked to tyler well glad to see you coming over
here to uh to dose chain very cool glad to be here and uh again congratulations uh this is a really
wonderful chain and i wish you all the best thank you so much thank you very much
all right guys hands up if you want to speak so we've been going for a couple hours here we should
our goal is to make it a little shorter today uh we didn't do that we'll try to wrap it up pretty
soon and if any more projects want to speak we'll we'll come next week please so yeah uh jack you can
make the decision on how many more to bring up sure let's just do uh two more um i'll uh there's
one called uh oh we had uh parole from earlier he's requesting to speak so we can i think he um
decided to not speak because it was the wrong part of the segment so we can you added as a speaker go
ahead is this for the chitcoin chill right now this is for either chitcoin or questions for dc
come questions complaints questions for any of the three projects that presented anything you
want to talk about yeah so really quickly i actually wanted to open the door back up regarding liquidity
sinks and um earlier you had mentioned that um rock you're a fan of burning tokens specifically dc and
that's something that's to be figured out um i just had a suggestion or doge i actually i'm a fan of
burning doge as well um but yeah like i said that's controversial i think uh people will will as they see
more examples like eip 1559 they'll be a lot more open to the idea but we can talk about that more
another day but yeah i mean i just my suggestion is like um i personally think i i follow the the
trend of thinking that that's um getting rid of value and because um the ethos of what you folks are
building is very long term like for example you had mentioned earlier that then let me let me pause you
there if that's getting rid of value let's think about this if burning is getting rid of value is
printing money making value if i print dollars like the us or other you know the euro and everyone else
is doing right now are they creating value printing dollars of course of course no question inflation
totally get it circulating supply i think that's undebatable and very clear um what i'm what i'm
suggesting is um by burning tokens i think you can actually what what the what the goal is is to
reduce the circulating supply such that um if demand stays constant then price action you know the price
can go higher right if demand increases and supply stays the same price goes up if demand goes up and
supply goes down price goes up which is really beneficial for the ecosystem and beneficial for people who are
um either speculating or building um the suggestion which also has a thought wheel effect right but
go ahead continue the suggestion that i had is um instead of burning tokens what if you took those
tokens and you lock them in a staking contract say you lock them for three years five years but some
substantial amount of time crypto and defy has a snapshot memory so removing the supply will actually have
this likely the same effect and then what you can do is take those tokens and put them into some
community treasury such that when governance is up and running governance can vote on how they'd like
to reutilize whether it's for um utilizing it for um seeding um promising projects or having like you
know i know that like we don't have graph ql on doge chain but incentivizing graph protocol or or someone who
has a high fidelity team a team that could build a high fidelity product um or even whether it's
or like projects that don't have a way to monetize necessarily but this could be a way to monetize
or or or incentivize them doing things that may not benefit themselves directly like kind of like
kind of like bafford one of these like infrastructure plays but it's interesting that's cool continue yeah so
so basically you have that same effect of like creating a liquidity sink removing tokens from
the market but that value could be reutilized later when you know the chain is a lot more mature um given
that these initial projects will have some time to find product market fit the community will get bigger
etc market segment you know the market cycles will evolve um so that was a suggestion there and then i would
also like i like that i like that i think there's maybe there's maybe a place for both exactly exactly
because you know once the tokens are burnt then the value um sure like the scarcity is there but i think
that you know even if you're doing like a 10-year lock or 15-year lock etc you can see how far we've all
come um especially these these projects that have been around for quite some time um so i wanted to um
to share that idea while it was fresh and then you know in terms of like on the innovation side it
seems like a huge pattern is like building the fundamentals and the fundamentals is okay we want
defy to be on doge chain we want nfts to be on doge chain we want metaverse to be on doge chain we want
game five you know move to earn whatever these like market narratives are um but i also wanted to um
challenge you guys to create a road um a path for innovative projects that instead of innovating on
ethereum or another chain innovating on doge chain and um you know we're working on a few things i'm
not going to show it right now but working on a few things that um we haven't seen done that would be a
liquidity sink which would you know potentially could be meaningful for the ecosystem as a whole so
i will talk about it offline but um yeah i just wanted to share that thought whilst it was fresh
regarding um yeah versus burning to riff on to riff a little more on your idea there um you know
something we've talked about a lot um is maybe making some kind of um pool and this could be like
a way to do it is instead of some of these burns which we have some burns planned by the way uh and uh
i think we already did a large burn uh early on which was i think i don't know a few million dollars
or something it was like some some large amount of doge uh or dc i should say um but yeah something
we've thought about is making like a bush fund which is like uh we weren't even thinking of blocking it
but that's an interesting twist but a fund where we can use the this money later that the dow can vote or
uh you know maybe the community through socials can vote or there's a lot of ways but anyways this
would benefit the community either we can route those funds to the the dogecoin foundation to some
of the uh doge core devs or to people building uh cool things uh on doge um you know there's a
doge bridge that just launched there's uh someone inevitable 360 who uh has a lot of trash on on us and
doesn't uh like what we're doing or questions some of it i one of the main things is he didn't like
that we have doge in the name but you know i think he's done great work he's one of the um
the core devs or i think maybe a junior core dev uh you know uh funding some of the stuff that he's
doing even though he hates us that's okay we we do things that are good for doge so uh there's another
guy rich who is doing uh some cool work for uh doge uh it would be cool to give some of these these funds
that um you know after this is more you know becomes more successful other ways of us giving
back to the doge community would be uh really cool i i know like i think billy market like billy mark
sold his doge early and the joke was that it was like not even enough to buy a honda civic but like
um you know so he i don't think he ever got rich from doge unfortunately but it would be cool to maybe
if he i don't think he does any dev work anymore so it might not make sense but like if he wanted to
continue doing dev work for doge like making uh like a trust or a fund for these kind of different
people that want to work for dope i'm not saying doge chain i'm saying doge specifically um so uh yeah
there's different ways we could look at that great great ideas thank you so much uh and we could give
uh him a hundred dollars of uh dc please cool um all right let's have one more person then um and then
we'll call it a day because it has been going on for quite a while so uh can i uh give my 30 second
chill for not doge oh yeah go ahead and then we'll do one more person okay thank you okay first
off i want to congratulate doge shane for breaking their first month being out um not doge was launched
one day after um you know i'm a little bit slow to find things out but once i found out about doge
i initially launched not doge um i hate how did you launch it after i mean there was like no
infrastructure there was very little infrastructure i was i don't even know how all these projects
like we we had you know hundreds of of meme coins launching so quickly um it kind of i mean a lot of
it was like we've been building for a long time and talking about what we're going to do but
maybe these projects were just in the waiting waiting for the chain to go live to launch but it was
crazy to see how many i'm curious how did they get uh going so fast well so just on my twitter my
main twitter account i saw one of my friends was talking about some doge chain coin i think it was
called dnu or something it inevitably rugged but so that got me interested i love doge and shib and all
got you interested yeah it did uh well i mean new chain so like i've been in crypto for six years so
whenever there's a new chain i always gotta go check it out and you know right off the bat i love
doge chain i just love the fact that you it brought utility to doge and that it was fast and cheap to
use it's very cheap to launch the contract i've been rugged a million times so i tried to make a
community token so like i burned the lp tokens right after launch and i set the tax to zero and then i
you know as a few days went along um it started getting some good price action just because it
was one of the first coins so then i made a twitter telegram and you know now what token is that
it's called not doge oh we're still talking about not doge got it okay and so yeah we've done pretty
well we just hit our 30 days today since launch which is great our community is growing all organically
uh we started at a 300 market cap we're sitting at 10k market cap right now no you know crazy pump
and dumps or anything just all steady organic growth if you guys like that you know come check out our
telegram not doge official um you know follow the main twitter accounts this is one that i use for
shilling but we also have not doge dc that's the main one and yeah i mean if you guys are looking to
join a great community that we're building um let's see one thing that we have going on right
now we're building our website so there's going to be a lot of cool stuff cool features there's going
to be kind of similar to what pudoge has we're going to have uh like a wallet list so if you have
missing tokens in your wallet that you don't have the contract address for it'll still display and show
the current prices of that we're going to have a gallery with all of our memes from our meme competitions
we'll be hosting weekly meme competitions and the winners will win not doge and get their meme
posted on the website so people can go on the website download the images and show it on twitter
telegram or wherever they feel like they want to share it and that's yeah that's pretty much it we're
just growing organically we're trying to meme it to the top um we got a really strong community right
now i saw some of my members in here earlier i know it's pretty late for them it's morning for me so
yeah appreciate your time guys
thank you and great to see that you're such an early supporter on day one pretty cool pretty cool
yeah definitely okay last 30 seconds then let's do um
klaus i'm adding you as a speaker go ahead you have the last the last word on shitcoin showdown
klaus yeah yeah all right yeah uh good day i think i'll be the first um african yell if i'm not
mr king i actually just saw the space this is the first time i'm attending the dust chain space and
uh it's kind of late probably i came in pretty late i'm sorry about that so um let's let's eat
it straight off the bat okay uh dust chain i've i was surprised when i saw dust chain coming out
um on twitter's uh city crypto twitter a lot of people talking about dust chain
uh so i was one of the very early users i just came in i was just okay let me see what's what happens
here uh however i've been wrong i've been wrong i've been wrong so many times i can't count right now
i'm not actually really active uh for some few days now because almost all all tokens launched on dusting
has been wrong i've been getting serious rocks so i'm curious to know what's the plan what's the plan for
dusting um the the development the the foundation to control to control the the the amount or probably
i know that there's nothing really probably there's something you guys can do but the overall thing is
actually really um discouraging a whole lot of people to come into the space the way we thought
it would for example binance matching had a lot of good project until it started getting worked and
right now bsc is not that attractive because of the works what is dot chain doing as regards rocks
because it's so yeah okay i'm gonna i'm gonna cut you uh there a little bit short yeah this as i
mentioned earlier uh it's a decentralized platform so anybody can launch anything they want uh it's like
you know the road and the cars can take it what's on the car if uh we cannot control you know
uh and we will not do that because uh uh that that's the that goes against the the notion of the
blockchain so yeah and the fact it's very unfortunate that that there are projects that there are created
just for that just to rug you and to scam you but as we've said so many times in these spaces and uh on
telegram on twitter uh with official announcements to be extremely careful when you trade anything that
is uh slightly suspicious or even not just an audited project it it's at your own risk you never know what
what's happening behind there are some contract checkers that you could use for example but there's
nothing that the the doge chain team can do to prevent this from happening really i would say
that there's nothing we can do to control and we don't want to control our gatekeepers but there are
some things that we can do to help influence and that's on these spaces talking about security talking
about doxing talking about audits talking about quickly lockers talking about projects not having
backdoor admin keys talking about all of these different things so there's white listing for example like
quick quick quick swap white listing on quick swap uh for example there are a lot of things that you
can you can go through before you can invest in a project i know it's the the risk is there you can
aid and uh you have to be quick about it to to catch the pump but that's the risk you take what one thing
that um i think we should do and it'd be kind of good to do off the back of this is let's have the guys on
the marketing side produce a research guide so like to make people aware of these kind of the various
things that you just said there rock you know some of our community members might not understand
backdoor admin keys um so like if we do like a research blog post that just kind of breaks down
how one would research tokens um if that's what you wanted to do and then it'll give our guys you know
a little cheat sheet of things that they can look at to uh to make decisions or to help them that's
a really good idea yeah so yeah you use the word control we cannot control but what we can do is
help provide education and you know change the kind of process of the community a little by just
letting people know about these problems and encouraging and incentivizing and supporting
projects that combat these problems uh this happened a lot in the early days of bsc it's a lot less now
this happened uh on polygon too not nearly as much uh because i think the polygon community just what
didn't put up with it very much um but you know it's a it's a it's a growing process and yeah do your
do your research but uh take you know there's risk profiles if you're choosing a project that's
unaudited undocced you don't know if there's admin keys you haven't checked the contract you you don't
you know if you're choosing to invest in these you're taking high risk it may have high reward but it
also may just lose all your money so be careful uh but yeah we can put out some some material about
that's a really great great idea jack we'll get on yeah uh okay i will say this lastly before i go
all right so yeah dust chain is actually one of the most easiest uh does actually dogecoin itself is
one of the easiest and the most um user-friendly chain at the coin out there rather um so a lot of
people got into cryptocurrency because of dogecoin and now we're having a doge chain which have that
potential to uh make things a whole lot easier for dogecoin lovers now what i mean is this is that
the average user for uh dogechain probably might not have that technical skills of checking contract
so our advice like what um someone has said earlier about the treasury stocks if we can build tools
right can maybe build to be dubbed deep and that's where we could you know check smart contracts
probably copy paste you know you could see all of these things instead of going through the contract
and stuff for those who are not tech savvy they can get some tools or software or something that could
you know make a doge chain different from probably bsc chain in the early days no something like that yeah
that's what i want to just say yeah um basically we have a lot of people coming in showing interest in
building on dogechain which we're very excited about some of those being solutions that tackle exactly
that so um while we don't have all those tools yet they are forthcoming and um we're excited of some
of those things that will be coming down the pike soon and and that's one of the things that our bd
team with james here and a bunch of the others i think we've got like maybe people on bd right now
which is you know talking to projects that want to launch and helping them to launch but that's one
of the things we're doing is we're looking at okay here's all these niches that these projects are
applying you know there's this many dexes i mean we've got 17 dexes i don't know how many more dexes
we need you know do we have good liquidity lockers do we have uh projects that make you know one of the
projects we talked to recently is a project that makes a template for a token that the template is audited
so you can argue that anything that uses the template as long as the code's not changed and
that can be checked anything that uses that template is kind of pseudo audited now maybe we
can't afford to get an audit some audits can be very expensive i think for dose our audits somewhere
between like 500 000 to a million because dose is complex and we you know want to have multiple large
well-known uh auditors do it and we were trying to get it done fast also but like so look not every
project can afford 500 000 to a million dollars for an audit but you know if it's a way to launch
your token through a template that's been audited that's one solution that the industry is finding
right that's project i don't remember the name that's coming so there's a lot of different uh solutions
we're not there yet so for now be careful it's the wild west it's fun it's exciting it's risky be
careful it's just like early america you know traversing across like you know the country or the
oregon trail you might die of dysentery or you might strike gold you know so be careful
okay um i don't hear anyone speaking jack am i still connected it's like i'm having a weird
connection issue yeah everyone make sure to do your own research when you're buying into new tokens
um there's rugs on every platform it doesn't matter what chain you're on just be a little bit more
self-conscious in the way you're investing in yeah that that all went out loud and clear by the way
rock um so i think we're going to end it there guys we've been on for a couple of hours now
thank you for attending project spotlight number three and obviously we'll be here same time next
week we'll invite a bunch of new projects on and we'll let um anybody show anything in the back end
so yeah and uh it's some great insights from you today rock on the future of dc
yeah the to summarize the the two alphas there's reducing the well there's a few but
one of the most important ones reducing the early size um uh unlock uh or the vesting so or increasing
the vesting to be in 12 months up to four years uh so we'd love to hear uh if you guys want to talk
about that in the community uh you know create some dialogue around it discussion and we'll all we'll
talk about that uh leading up to uh a boat that'll be coming soon uh and then also we talked about
the dow voting on investing in different projects and different community members putting on their
vt hats uh and then additionally we're going to be giving some uh tesla so what in the future to uh
vdc lockers and other fun things like that uh i think i covered all the alpha there uh for any
may have missed but uh and thanks for staying till the end and thanks for everyone for the great
questions um next time let's some complaints we haven't every time we ask for complaints we
don't really get much complaints but i would love to hear them uh part of the community dialogue
thank you so much everyone and we'll see you next time yep thanks everyone have a good one guys
thanks guys have a good day
cheers everyone
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