well think the music went back on.
so that's just some silence there. Jack, I'm inviting you as a co-host, did that go through?
My Twitter app was being a little funky there.
Yes, yes, I just forgot to click the button.
Oh, yeah, yeah, there's a lot of buttons.
And there's a lot of buttons, indeed.
Alright, well, let's see, I think we've got a good list of people, good cast here now.
So, yeah, today I see we have up here, we have Tashi, the Borrowland protocol on Evmos.
We have Miso, who has been doing the covered calls for the Evmos treasury.
Block Pit, who recently integrated Evmos, and oh, Nick, you requested...
Nick, I know you're going to like this one, Block Pit, their tax software.
And if you give me a second here, I think you requested to be a speaker.
And we have NeoKingdomDAO, they recently had a couple of tokens registered,
and they do legal compliant DAOs in Europe.
So, I'm just saying a few things.
Yeah, I think that's everybody, all the projects we expected to have on you.
Yeah, so did you want to start with some of the core team updates?
Thanks everybody for coming on.
Always good to have these community calls.
I'm very excited to open up the floor and let all wonderful projects speak for themselves.
But just before we get to there, I just want to give you a small update on the core team side things.
So, we are now in the process of rolling out the new Evmo upstate update, the STRv2,
so the single token representation v2 update.
So, this is going to solve a lot of the challenges that a lot of users are facing now
on the bridging solution, especially related to wormhole.
I know we've been getting a lot of user reports about the issue with the bridge.
So, this will hopefully solve that.
We're now working with coordinating with validators like SteakCeto and Alotidium
and many other validators within the ecosystem to test this update and roll out in two steps.
This is a bit of a complicated update.
So, just for a bit of additional context, what STRv2 does is that it takes incoming tokens
and automatically converts them into ERC-20 tokens.
So, projects like MISO could actually tap into the liquidity in the Cosmos space much easier
and without having to do additional development work in order for that to happen.
So, this was a quick update on that update.
There is something that I would just note that in the update, they would change how approvals will work,
what's likely going to happen, users will have to reset their approvals,
and the approvals will work slightly differently.
Our moderators and the team itself will put out more content relating to how this small change will affect users.
So, more details on that.
And also, just from the core team, we will be at BuildAsia next week from the 27th to the 28th.
We will have a big announcement there.
So, I can't say too much at the moment, but look forward to next week
and you will see what I was referring to.
Okay, with that, I'll hand it back to Jeremy and to the rest of the projects.
Alright, yeah, I look forward to the mystery of big announcement.
So, yeah, keep an eye on that.
Tashi, they recently brought IchiVaults to Evmos
and they started their first incentives program with that,
incentivizing single-side liquidity in the IQVaults, their incentivizing the Tashi side.
Did you want to talk about that or I can go over a little more of it if you're not available?
Hey, I am here. I'm just not feeling very well today.
Sorry, I didn't want to miss out on the opportunity to give our updates.
Just to pull over it quickly, I am happy to announce that we had launched our first side of the campaign
with the support of the Evmos DAO community towards finding liquidity for the Tashi token
by creating these single-sided vaults.
It's gone over really well towards the beginning
and now we've put out another Commonwealth proposal for the other side of those.
It's just the proposal. I encourage people to comment.
I encourage people to get involved.
What we're trying to do is create these more opportunities to find deeper liquidity for these assets.
As you guys know, Tashi had a pretty good launch,
but we've been a little stagnant since then.
We're maintaining what we have, but it's important to us to continue to find ways to grow the Evmos community
and liquidity and by creating opportunities to incentivize these things.
That's what we want to continue to do is create these new partnerships,
get the word out, spread it beyond who's already here.
That's been our whole goal all along and I'm excited to put forth something new.
Like I said, if you have an opinion, if you have questions,
feel free to reach out and to comment on the Commonwealth.
We're just excited to be here.
Awesome. Thanks for taking time to pop on for a minute.
I can go over a little bit of the other stuff that's going on with Tashi here,
what I've seen on Commonwealth, if you have to get going.
There's also, let's see, two conversations I think going on on Commonwealth.
There's the one that's on the voting period right now
and that is for phase four of the liquidity mining incentives.
What that's done is that has helped to build up the needed liquidity by Tashi
that they need to facilitate any liquidations
and to build up any collateral that users can use on the Tashi DAP.
With the phase four, it looks like they're looking for another three rounds
of liquidity mining incentives and that has one day remaining
and is at 88% yes, so it looks like the community overwhelmingly
is in support of what the team is doing and the way that's going.
Then, let's see here. Where is...
I just want to jump in really quick if I can.
That proposal that's out right now, like you said,
it's got great support behind it and we're super excited to have put that forward again.
The main goal, like you said, is just to help continue to incentivize new users.
Everybody knows that there's been some kind of base level pain points across Edmos.
It's no secret. With the bridges, we've had our troubles.
With our PCs, we've had our troubles, but we want to be able to continue
as we find solutions for those things to encourage people to come to this space.
By extending this liquidity mining program,
we just didn't feel it was an appropriate time to end it
because we haven't been able to gain the traction that we know is possible
as these fixes come into place.
We're really excited that the community is behind that one.
Also, I see that as far as onboarding new partners and stuff,
Tashi has been pretty good about that because then they brought Ichi.
There's a new discussion on commonwealth that is for the vault expansion.
That is for single sided vaults over the next six months.
That will be with the Ethereum, USDT, and the wrapped Bitcoin pairs paired with Tashi.
They'll request about 590,000 Edmos over the next six months to help build that liquidity up too.
If you haven't checked out the Ichi vaults, you can see them on the Tashi dashboard.
It's really slick. It's really easy to deposit your liquidity,
see what you're earning in incentives. Go check it out.
Yeah, another thing really quick is, as we're talking about incentivizing,
as we continue to progress with wormhole,
but Swing is another one of partners. They're a bridge aggregator.
They make things really simple. As soon as we have wormhole in place,
adding on a partnership like Swing, which we already have lined up,
they're working really closely with us, with the Edmos team, with wormhole,
then we can make these transactions super seamless.
We can deposit. The goal is to deposit from, you know,
you'll have your liquidity in a completely different ecosystem.
You can deposit straight into our markets. You can do swaps.
It's great. It makes things super user-friendly.
So it's not just like a one-goal system here.
We have in place the structures that we need for when these solutions
become viable to make it a really seamless, great ecosystem
from the user perspective.
Yeah, and you guys have been working on that for over a year now,
so it's awesome to see them coming into place.
Yeah, from our position in Swing, we're ready to go.
We just need these wormholes to be good, and we're good.
All right, well, thank you. Yeah, thanks for the update on that.
Yeah, cool. Actually, before we invite on,
I would just encourage everybody to like and retweet the community call
so we get a bigger reach. Again, this is...
Thank you guys in advance for doing this work.
You know, we're all part of the community here.
We're all part of most of the community. Well-known.
So spread the word, like the tweet, like the space.
So actually, let me introduce our next guest, which is Maiso.
Maiso is doing something very interesting.
And we also have the founder of Maiso, Etienne, here.
I would just say, Etienne, I would say it's a complex product,
but this is a concept that they're doing a lot of work
in bringing traditional finance concepts into the ecosystem.
And we're very excited to be working with them.
And again, Maiso has a lot of great updates for us,
including how they are planning to take advantage of our STRv2 update.
So without any further ado, Etienne, if you want to come on and speak.
Yeah, yeah, no, thanks for the nice intro
and really a pleasure to do here.
And thanks for giving us the opportunity to join.
Yeah, so I mean, from our side, as you mentioned,
we're really excited also about trying to see how we can
kind of further grow Maiso also on FMOS.
So also has been incredibly helpful from your side, guys,
to really kind of help us kind of deploy on FMOS
and really bring what we think is a very interesting product
So maybe to expand on what you were saying, basically,
yeah, we're bringing these covered cards to FMOS.
So that's, in essence, a structured product
or kind of an option strategy.
And exactly as I said, some of these things can be a little bit complex
and kind of come with a steep learning curve.
So definitely something that we are very excited about
to kind of simplify as much as possible
and also to make it very, very actionable and very tangible.
So very excited about the work we've been doing together so far
with you guys, with the treasury.
Also, obviously, it was very, very cool
to see the community support.
So when we originally put out the proposal
to basically use a small portion of the FMOS treasury
for a covered cause, we saw a lot of strong community support,
which we were very, very excited about.
And obviously also a lot of great feedback
and discussions we have been having so far
to really improve and iterate
and really try to create something
that's really of value to the overall FMOS community.
And I think kind of all in all,
very excited about the progress so far.
So we've completed the first transaction
of the first covered call tranche.
So we basically also decided to chunk it down
into several transactions.
So the first one actually also now finally then completed
or basically then expired with the given duration
Now we're actually already kind of starting up
with a follow-up transaction.
So that's something we already now initiated
and also looking to then follow up on that.
And I think so far really very cool to see
how things are materializing
and how this is actually becoming very, very tangible.
And as you said, there's like some complexity
but we really want to make it accessible
and really make it kind of useful
and get lost in this kind of complexity.
And I think we so far really have been
also seeing good yields for the FMOS treasury.
Really a very, very novel way to generate
also stablecoin revenues for the overall ecosystem
in this first kind of test pilot transaction.
Currently like the overall projected annualized yields
are around like 20-ish percent.
So that's really like organic yield.
So no kind of conflated rewards.
It's like real organic yield that is like
gonna be there kind of for the long-term.
So that's something that we really think is great
to have this kind of long-term oriented
and sustainable kind of approach
to generating yields for FMOS.
So yeah, very, very excited about that.
And also like really kind of laying the groundwork
to also get more institutional users on board.
That's also something that we've been pushing a lot.
And yeah, I think there's always like some kind of
here work that needs to be done to really get users moving
to also like adopt and test out new ecosystems.
But we're very, very excited to actually have now
institutional users really like digging into
all the nitty gritty details of like,
yeah, getting involved in the ecosystem.
Yeah, I'm super excited about that actually
I was talking about how we can bring in more liquidity
And I think on the institutional side,
that's actually, you know,
we could leverage your relationship
because I know you guys have a lot of great relationship
And also obviously you guys have great investors
like GSR and a couple of other ones.
So very excited for you guys to bring on
those institutional liquidity onto FMOS,
especially when you're saying
that's stablecoin liquidity,
that's stablecoin liquidity is really,
really gonna help drive the ecosystem forward.
I mean, I couldn't agree more.
I think that's also really something that
we're super excited about,
like really also getting like exactly
as I said, like stablecoin liquidity on board,
more institutional stablecoin capital involved,
which is basically coming directly with all
of these covered call transactions
where actually institutions, they need to bridge
from Ethereum like to Nobel USDC,
then take the hop from Nobel to FMOS
and really grow the TVI on the stablecoin side
So very excited about that.
And I mean, the other part we're also very pumped
about is like, we kind of also see it
as a bigger long-term opportunity
to also get more similar covered call transactions
from the broader Cosmos ecosystem onto FMOS.
And that's actually also exactly
what you were pointing to in the beginning
where I think there are a couple of interesting ways
to refine this and make this smoother
and kind of optimize also like
from an overall user experience perspective
to make it like really as seamless as possible.
But I also think like short term,
they're already like very, very actionable steps
we can take today to actually also drive
kind of that kind of progress.
And yeah, I think like couple of interesting projects
where we definitely could actually do some covered calls
on FMOS, but with other treasuries
or other underlying, other treasury tokens,
I think could be a really interesting one
and also a couple of others we also have like identified.
But all in all, like Outlook,
I think really would be a really, really great opportunity
I think also to get more kind of growth
also onto FMOS through bespoke covered calls
for treasuries within the Cosmos ecosystem.
Okay, before I let you go and introduce our next guest,
I do think you owe me, owe us some alpha.
So do you want to quickly?
Definitely have video with Sprinkle and some alpha.
So yeah, I think like for us,
like one really, really big topic
where there's also a lot of work going on behind the scenes
is like for our upcoming token launch.
So there's gonna be a MISO token
and we're working on the TGE preparation
and basically like two interesting alpha aspects to that.
So the first is basically then also
there's gonna be an add drop.
So we're gonna be distributing some early kind of tokens
to early community members, to also early users
and also another part that we're actually looking into
to basically also distribute a small allocation
also to teams and projects
that actually have been using covered calls with MISO.
So very, very excited about that.
So add drop is gonna be one big topic of the TGE.
The second topic within the TGE
is actually something where we have been developing
like a new distribution mechanism actually for coins.
So we refer to this actually as an initial option offering.
So kind of an IOO, not an ICO, an IOO.
And the basic idea actually behind that
is that users will be able to borrow MISO coins
by pledging LSTs or stables, different forms of collateral.
And basically by being able to borrow coins
also given like how our protocol works
with this kind of zero liquidation feature
these loans actually emulate call options.
So it basically means like, yeah,
you can borrow MISO tokens using some other collateral assets
the collateral assets still earns yield.
For example, if it's an LST, it's always working for you
but yeah, if MISO token then moons
you basically can just like keep it
and otherwise you can return it.
So that's actually like in the end
like a call option that we're emulating with that.
And we think it's a very, very novel
and unique distribution mechanism.
obviously also very, very closely ties back
into what we're building.
So we are in the end actually an options protocol
or a structured product protocol.
So that's like something that's very, very,
very much ties back to that.
And the other thing that kind of also relates to
what you were saying in the beginning.
I mean, it's kind of can be a little bit complicated animal
destruction products and all of that
but we want to make this like really
very experienceable and very accessible.
So we think like the best way to convey also
like novel concepts and new ideas is really by experience.
So that's why we think actually
this initial option offering is a very cool way
to basically also kind of have an educational component
where people basically by farming the token
they implicitly are actually like dealing
with option terminology with options
and kind of can serve as a way to wrap their head around
like what an option actually is and how that works.
So that's something we're very excited about
and then actually down the road potentially also making
initial option offerings available for third party projects
to also be able to use this distribution mechanism.
So yeah, those are like the overall alpha sprinkles
I'm super excited about this initial options offering.
I think it'd be really, really cool.
What are you waiting Jeremy?
Are you excited about this?
How can like somebody that hasn't
hasn't participated in anything like that yet
what's the best step for them in
because I think you guys have kind of like a telegram
bot that helps set things up.
So easiest step really we always obviously
are happy to invite everyone to the community
to join, to ask questions for the initial option offering.
We're actually currently working also on a dedicated page
for that where people will then be able to very intuitively
actually kind of farm these MISO call options
using different collateral assets.
So that is something that's going to be accessible
We're working on that right now
and really refining also how to do that
in a very nice user experience way.
And obviously also all the other features
that are currently already live are open for anyone to use.
So anyone can basically also come to our site
to check out also like the covered call options
So we also have like some indicative pricing
where we can help users to gauge like,
okay, how much yield could they earn
with different underlying assets.
And then obviously also the peer-to-peer loan marketplaces
out there for people to use.
There is no protocol fee or anything like that.
So very, very, very low barriers to entry just to play around.
And obviously, yeah, feel free to also join our community
and Discord always happy to provide additional info,
help users to wrap their head around.
And yeah, for all things token-related, TGE-related,
there's going to be more official information coming
This was a little bit more the unofficial pre-info release,
but there's going to be more material for that as well.
I won't dig any deeper before we get you in trouble with that.
Let's invite on the next guest.
So we have on next is Block Pit.
Sounds like Brad Pit, but it's Block Pit.
They are doing a tax accounting service.
So I think Florian is in the audience,
but I think he'll be speaking from the main account.
Thanks for having me and letting me speak about the topic
that everybody loves, Texas.
Yeah, I think we all share the same pain,
but that's what we discovered like seven years ago.
That's why Block Pit is now existing.
And yes, you already spoiled it.
So we just completed our full F1 support
and I say full with an exclamation mark
because it's actually a fused importer
for the EVM side and the Cosmos side.
I think most text tools, they actually need two integrations.
But for us, it doesn't matter which public key you post,
you will get the full stuff imported and automated.
So I'm not sure if everybody here used a text tool before.
If you didn't and you're in one of the jurisdictions
where it matters, I can only ask you to do that,
at least for a documentation purpose,
because once the exchange is shut down and stuff like this,
it's really hard to get to the data.
You basically connect your wallets.
You connect your accounts ideally via an API key,
just like one time setup.
You got the read permissions
and then we read out like past data
and also all the future transactions.
And then there is the topic of smart contracts,
And I can say that we basically support
So native transactions, genesis transactions,
staking, vesting module, revenue module,
Spacify, Uniswap, V2, V3,
ForgeTread, AdmoSwap and several others.
Because from the chain you actually only get
withdrawals and deposits, right?
So if you interact with smart contracts,
it's either withdrawal or deposit to your wallet.
But what's happening on an economic side
is more important from a tax perspective.
And so we really have to go into every tap on chain
and see what's happening there, right?
Is it liquidity, provision?
And we did that for Efmos
and I think the integration really came out beautifully.
And Charlotte here is also to our head of blockchain
who is also in the audience
under the name Dyke Capital
because he has this company on the side
and they're actually running Efmos metadata
for quite a while now in the active set.
So thanks, Peter, for making this happen.
Yeah, I'm excited for this.
Have you not done your taxes yet?
I wasn't sure what I was going to do.
But yeah, no, that sounds great.
Full integration like that.
Is it easy to import records
if you're using a different crypto tax software
last year, anything like that?
It's pretty easy to get set up.
Depends on the crypto tax software, as I'd say.
So we do have one import actually
from a direct competitor, which is a coin thing.
We will be releasing some really like one-click importers
for other competitors like Coinly CoinTracking this year.
Not ready for tax season in the US.
So we won't make it until April.
But you could still download their CSV,
edit it a little bit to fit our format
and then upload it with us.
The big topic is to really have the separation
of your different integrations
and then rerun the API and rerun the sync
right from the moment where you left off.
And that's not so easily doable
if you're not using our migration tool.
And that currently doesn't work for most of them,
Well, I can't wait to use BlockFit
and I will be happy to give any feedback
as it's something I struggle with every year.
That's almost appreciated.
We're testing a lot, but obviously, yeah.
Continuous community feedback is very important for us.
It's actually the community that made us attempt
the FMOS integration because we have a feature upvote board
and people are voting for what they want to see next
and FMOS integration was high up there.
And I hope a lot of community members are happy now.
Anything else from you guys
or we're moving on to NeoKingdom?
Yeah, I think we can move on.
I think just one last thing.
I think BlockFit has got a discount code somewhere.
So either now or after the call,
Let's do it now for everybody who can't wait.
Yes, we do have a little campaign for you guys
until the end of May actually.
So with the code FMOS2024,
you'll get 25% off our paid licenses.
I'll be sure to tweet that out after this call too.
Make sure everybody knows.
Recently, so you guys have been around since before FMOS.
You guys use FMOS infrastructure for your DAO
and you recently had two token registries.
Can you kind of fill everybody in on what's NeoKingdom?
You have a few different DAOs
that work under the NeoKingdom banner.
Just a quick rundown for anybody
that's not familiar would be great.
Yeah, hey, my name is Benjamin.
I'm the co-founder and core contributor to NeoKingdom.
Can you guys hear me fine?
Well, yeah, thanks for asking.
You asked a few questions.
First, let's answer what's NeoKingdom DAO?
NeoKingdom DAO is basically a DAO framework
that you mentioned in the very beginning.
We're legally incorporating our DAOs in Estonia.
They're compliant with European regulation as such.
They're like legal entities.
Yeah, then what else in regards to that?
We have like NeoKingdom DAO
is basically the steward of the whole ecosystem.
They're tasked with building the smart contracts
and basically building the framework
and also getting a lot of the legal stuff down.
One of them is that, of course, if you are trying to be compliant
and I think one of the core messages or missions that we're on
is we're legally compliant first.
We haven't built a DAO framework
and we're trying to make it fit into legal jurisdictions and stuff.
It's always been, first, we're legal
and then it's been a very tight process
to work with the developers with the legal team
One of the achievements that we have
is that we have an assessment by one of the big four accounting firms
that our token structure,
the way our DAO is structured
in the way that these tokens work,
it's compliant with the current European regulation
and also very important the MICA,
which I'm not even sure if it is already in force
or it is going to come in force very soon.
The MICA is the European proposal
or the European regulation stuff.
That's basically who New Kingdom is
and then you mentioned a few other tokens
and that is basically entities or DAOs joining
or using the New Kingdom framework.
In a way, they're just not copy-paste
but they're basically just using that very same structure.
That's why New Kingdom DAO is important
because they're just providing everything
and then you have DAOs joining that framework
and I think what needs to be mentioned is
what kind of DAOs are they.
I want to really talk about this in a second
because all the other speakers before,
they were talking about bringing value to ECMOs
or bringing value to the ecosystem
and I think what I want to mention here
is that the organizations that were onboarding
their real-world businesses.
It's not some fictitious DAO
that works somewhere in the cyberspace.
So, New Kingdom DAO is specifically built
or the framework is built for real-world businesses
to run as a DAO, to be legal as a DAO
and to be successful as a DAO
and as such, we've onboarded
what it looks like we've onboarded them now
but it's actually been the other way around.
Teletisko is actually the first prototype.
Teletisko is actually the origin of everything.
So, I don't know if you can make noise here
Can we get some noise from anyone?
Is there a noise feature?
I don't know that there is.
So, basically, now completely topics which...
Teletisko, what's Teletisko?
Google it or I don't know if you can post a link here somewhere.
It's basically the smallest Discord on Earth.
It's been around for 10 years.
It's been a viral success.
It's basically like an old phone booth
Backpedal, that's my achievement.
I'm the inventor of Teletisko.
So, 10 years ago, I came up with the idea
following the concept of upcycling,
which is a big thing in Berlin,
upcycling these old phone booths that we don't need anymore
since we have all cell phones
and basically now you no longer have a phone call
You have a display where you pick your favorite song
You can pick whether you want a photo or a video taken.
You put two euros in and then the buzzer opens the door
and inside, on one square meter,
you have the smallest Discord on Earth.
You basically have light effects.
Yeah, it's a really cool idea.
I never stand it like that.
And it's been basically, based on the numbers,
over the course of the last 10 years,
over a million people have danced in the Teletisko.
So it's actually, as such,
one of the most successful clubs ever to have been in Berlin.
And there's like seven of these discos around.
And since you were asking for alpha,
one of the before speakers,
it's more beta and not alpha,
but we're launching Teletisko 3.0,
which is basically like a software and hardware upgrade
where we can scale the whole thing
and ship Teletiskos worldwide.
So this is why Teletisko is on a tear on that level,
but it's a real world business.
And basically, we have built,
like we've used Teletisko,
like the success of Teletisko,
just as history has been used to build,
and it was also like my decision
as the founder and inventor of Teletisko,
is like, I want Teletisko to run as a DAO,
like not just as a, you know,
how do you run an enterprise like this?
And for me, like it's a DAO.
So this is why everything has been kind of built
and Teletisko like launched as a DAO in like July 22.
So that's like Teletisko has been operating as a DAO
for like almost two years.
And then after that was successful,
we basically emptied out like the Teletisko use case or MVP
and created NeoKingdom DAO out of it.
So this is how it's all related in a way.
And then NeoKingdom DAO launched in the end of 2000.
Yeah, also like December, 2022.
So that's why the NeoKingdom DAO has been like visible
but Teletisko DAO has actually been before.
And you mentioned these tokens that we launched
or like did these like, what do you call it?
Like the token registration process.
So it's only now and this is gonna be in the next,
let's say weeks where we're gonna just officially launch
a token with like, you know,
so it becomes tradable because for right now it's registered,
but like it's not yet tradable.
So yeah, I guess any, because I keep talking like,
do you have any questions or do you hear it somewhere?
No, it just sounds like a lot of fun.
It sounds like, you know,
we should definitely do a disco party.
I have most branded Teletisko party
for the launch of the tokens.
Like I think we're like, I don't,
like it's not 100% but we're gonna be at East Berlin.
In East Berlin we have Teletisko place there.
So yeah, that's a fun thing.
Like, you know, we have them installed in Berlin
but there's a few that are like mobile and they can travel.
And it's just like whenever we go somewhere with the Teletisko,
it's just like big showtime.
You know, it's like people love it.
And that's why, yeah, it's just, you know,
And I want to just bring it back to like the topic of like,
you know, bringing value to ECMO.
So in a way, like my sentiment was a little bit like,
okay, well, like we want,
or like that's what the speakers before said,
like bringing like stable coin value,
like bringing stuff to ECMOs.
But why even have it there?
Like if it's just like trading, trading,
speculating, speculating.
And this is why I think like it feels like Neo Kingdom
and like what we do has been kind of under the radar
because people haven't really been getting the point yet
that we're like actually bringing in real world business.
We bring in like a revenue.
People put in like euros into that machine
and that is generated like Teletisko
has been operating at a profit for like over 10 years.
So this is how like the Teletisko token
and even the Neo Kingdom token,
like one of the, you know,
why that assessment I mentioned earlier
by one of the big four accounting firms is so important
because like our tagline is you own,
you govern and you benefit.
And what does it really mean that the token,
like whether it's the Neo Kingdom token
it gives you access to ownership.
So like by owning the token,
of course you have to interact in a certain way,
but it gives you access to like you own Teletisko
and that's a new, like that's like,
you know, you see so many times like,
oh tokens, like, oh, there's no, like no value to a token
and people still pay like millions for tokens,
like why there's no value to it.
But for Teletisko and your kingdom,
you own it where it gives you access to ownership
and then governance, access to governance, obvious.
So you govern the DAO and the direction of how it is
for those that are contributors to DAO
and the third one is like you benefit.
So the token gives you also access to dividends
we have like designed the token that gives that by,
you know, it brings the real world business onto Chain
and onto Evmos and into the Cosmos really.
And that's, I think, quite significant.
It's been overlooked so far.
Yeah, yeah, no, I absolutely like,
yeah, you're bringing a different type of value
and it's a type of value that, yeah,
a lot of people aren't talking about, aren't looking at.
And yeah, I think it's really great that you guys are here.
If an existing company did want to change over
to a DAO using the Neo Kingdom framework,
what, like just real briefly,
like where could they go or how might that look?
Well, then, well, of course,
like our Discord is like first point of entry
for people that are interested in ecosystems.
So that would be, you know,
like to look in terms of like,
like an existing company would want to do this.
Like for me, like what I keep,
like that's sort of my point of view,
like our framework is really like a bootstrapping mechanism.
So if you have like an existing company
with like a certain structure,
and typically like, you know,
you have like two or three owners and you have employees.
So you'd have to kind of break this up
into like the concept of a DAO
because it's like the whole concept of Neo Kingdom
You know, we collectively as contributors,
like generate that value.
So Teledisco, for example,
has like about 25 contributors altogether
and like nine are active.
So these are like the nine people that are actively
like developing Teledisco, like driving them around,
like cleaning them, like doing sales
and all these types of things.
And they're all basically earning by being a,
like being a Neo Kingdom or a Teledisco contributor
is quite an exclusive thing,
only because you buy the token,
it doesn't make you a contributor.
and like an onboarding process
on how we onboard contributors.
So once you're actually in like the exclusive club
of contributors and you may actually contribute
to the DAO, this is when you start earning the tokens.
And basically, you know, the tokens,
if you hold the tokens, you have governance rights.
And if you sell them, well, then you sell your stake
in the entity, basically.
So as such, you know, it's about sharing.
So we collectively, as the contributors,
And of course, to the outside, it has to be valuable.
Telesco is kind of obvious,
like it's a viable and viral business.
So, but you're asking for like new businesses
that would like to come, you know,
like the owners of whoever owns the business
would have to be willing to break it up into like,
hey, I want to share the success of my business
with those that generated.
This is how it's like, what we do is revolutionary
because that's what I thought like the blockchain space
and all this is all about, it's about sharing,
it's about the other things, and not the like,
me, me, me, like speculate, speculate,
speculate and get rich, rich, rich on mean coins.
You know, like that's not what the space is to me.
And again, I just want to highlight the fact that,
like, Neo Kingdom to Telesco brings so much more fun.
I know like it's not everybody gets to be
But, you know, again, like this is a project
that if we put in a request as a community
to have the Telesco at a certain event,
I think that would be super cool to like have happen.
You know, you guys could be part of the,
you guys are part of the FMOS ecosystem
and you guys do that physical manifestation of it,
could represent FMOS in like a very clear way,
like, look, this is a project doing something very unique
and here is the physical manifestation of it.
You can touch it, you can interact with it.
I think that's super, super cool.
Exactly. Yeah, thanks for seeing that.
And that's, you know, I think there's the moment in time
when like a broader, like another type of user
of like the Web3 will actually discover that.
And, you know, ultimately it's also about onboarding,
you know, like everyone's talking about like adoption,
but like is buying a token on a centralized exchange
and then holding it, like, is that mass adoption
or is actually, you know, what we're doing is like,
anytime we onboard a contributor,
like we're basically scouting for talent.
So we need like a graphic designer.
So we're looking for someone,
but in order for that person to actually be part of the DAO,
we have to onboard that person into the Web3 space.
So let's say almost half the contributors
aren't actually Web3 people.
So we're actually doing a pretty, you know,
not like by the thousands.
So it's like one by one by one and it's a tedious process.
And, you know, it's a lot of education that we're doing.
And we're basically like onboarding users to have most
and the Cosmos and the Web3 one at a time
in a very time-consuming process.
Like, you know, that's value.
We bring, you know, like the actual revenues
and the real-world businesses.
So yeah, I'm really excited about, you know,
this opportunity to kind of also be with you guys.
And, you know, it's been like a rocky road,
like, you know, just because the space is rocky
But the ECMAS has really been stepping up
And I really do see how you respond to our requests
and, you know, there's like, you know, token registration.
And like it's really been a very positive,
improving, you know, way of, you know,
making also your network more stable
but yeah, and again, we appreciate your feedbacks
and really happy to see, to hear, you know,
the work we're doing is having some impact.
I know like it was, there's still a lot to work to do.
But yeah, okay, with that aside,
let's open up the floor for a little bit.
And this is meant to be a community call.
We did have a lot of great projects.
Come on and speak and introduce and give us updates.
But I want to now take this time,
open up the floor to anybody.
So if you have something you want to add
from the project founders, if you are a community member
that wants to share something, feel free to do so.
Yeah, thank you very much.
Yeah, and anybody from the community,
if you want to come up, you just make a request to speak.
You have to be on mobile for it.
But make a request to speak and we'll bring you up.
I think while we're seeing if there's anybody
that wants to bring anything up,
we didn't cover, did we really cover yet the ERC 404?
I've been wanting to get to that topic.
Yeah, so there's been a bit of a rumble
in the horrible apes world.
This seems to have come out of nowhere.
My main account, I have an OrvalApes PFP,
But yeah, there was a post about two weeks ago
unlocking liquidity, the OrvalApes fractionalization protocol.
And so there's a team that is looking to deploy ERC 404
onto EVMOS, and that's a new,
it's not an actual ERC, I think,
so it's not an actual new standards.
But it's an NFT thing where basically
fractionalize any NFTs in a collection.
From my understanding, when different
PEL fractionalized NFTs before,
it was on the individual level.
Yeah, yeah, instead of this ape from this collection
has this much rarity, so it's worth this many tokens.
So it looks like it's a way that will bring
added value, added liquidity, not just to OrvalApes,
but to any future NFT projects that look
for a new platform, a new place to launch.
I have a couple of the more rare ones, the Elders,
and so if I needed to get some liquidity out of it,
then what I would do is I would deposit into this ERC 404 contract
and I would get out some of these OA tokens
that would represent the value of one of those rarity ranks.
So that would allow me to sell some of those tokens
to take profit on the liquidity of that,
but I could also hold on to some of the tokens
so I'm still exposed to the price,
hopefully appreciation of the OrvalApes collection
And it would also allow things like,
I suppose, users to eventually take out loans based on that,
use it as collateral or dollar cost average
So just off the top of my head,
those are some of the uses that come from this.
The way I think about it is just a little bit more abstract
and you're absolutely right, it's not an ERC,
well, to be honest, none of the ERC-20 standards
are embedded into the protocol.
It's just where everyone decides to start to build around it.
So sooner or later, I think if there's enough adoption,
it becomes sort of a standalone zone
without having to go through the EDM foundation process, EIP processes.
But yeah, fundamentally, what ERC 404 allows you to do
is to create this new sort of hybrid of ERC-20 and ERC-721 assets
that as a whole interacts with any other NFT protocols
as if it is an ERC-721 token.
But as soon as you fractionalize, as soon as you break it apart,
let's say I want to send 0.1 of the OrvalApe fractionalized,
the new ERC 404 or OrvalApe,
if I wanted to send one portion to you, like 0.1 of them,
and if fractionalized into 10,
automatically it then becomes ERC-20 tokens.
And in the past, what's really limited in our NFT fractionalization
is this fact that you have to jump to another protocol
in order to make it happen,
but with native ERC 404s,
it just allows that innovation to take place.
Again, it is an innovation in that it doesn't require existing protocols
They don't have to adopt a code or whatever.
So I'm personally very excited to see this innovation
I've been looking at it when it first kicked off.
We have friends that were thinking about doing something around it.
So I'm just very excited to see this happen within the ecosystem.
Yeah, it's something to keep an eye on.
I'm not sure what their timeline is, but...
I think it's going to be pretty soon.
I like that this call has just a couple of murmurs of hell in it.
Sprinkle in, keep it interesting.
Keep the people coming back.
But yeah, like I said, this came out of nowhere.
And it seems like it came at the perfect time
because it seems like there have been a few people
that have found renewed interest in orbital apes.
And so, you know, with that,
it's the NFT collection of FMOS at the moment.
And I think with that and then with 404,
it's something that'll be really cool to showcase FMOS,
a way to get more use and community involvement
and get artists looking too at...
Get them looking at FMOS as a platform
that they could use to bring their project to.
I think we're nearing the end here.
I think we're nearing that hour.
I think this has been an amazing call.
I know it doesn't, maybe to some listeners,
it doesn't feel like a massive thing.
But I really feel like this is like a snowball effect.
You know, things are slowly picking up.
people are now finding renewed interest in orbital apes.
More and more people are taking a look at FMOS again.
that have been holders in the past.
But things are snowballing.
So I'm very happy to hear these different updates
from the projects and these interesting developments
happening all over the ecosystem.
Yeah, I see a couple of hundreds in the audience.
A couple of people agree with that sentiment.
Yeah, I don't have anything to add.
it doesn't look like any requests from the audience.
So I think everybody's happy with these updates.
Yeah, thank you everybody.
I'll be sure to tweet out from the MMO Style account here
some updates of what we talked about on here
and tag some of the guests that we had.
So yeah, thanks everybody for coming.
Thanks everybody for speaking.
And yeah, let's just keep on building.
Alright, talk to you guys next time.