Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
FlexNet - new era for HEX
Recorded: April 21, 2025 Duration: 0:55:06Space Recording
Short Summary
FlexNet Launches with HEX as Gas Token, Promising Innovations and Growth Opportunities in the Crypto Ecosystem. The recent announcement of FlexNet, a new blockchain utilizing HEX, aims to address challenges faced by PulseChain while fostering innovation and growth within the ecosystem.
Full Transcription
Music Thank you. what's up everybody back again dip catcher radio
exciting news across all fronts i'd say uh appears that the sec will no longer
put forth any type of amended argument and i believe that that does mean that the case
is over um that's obviously exciting news uh Seems like this has been dragging on. I think the
whole thing started August of 2023. So for all but May, June, July, all but three months of PulseChain's existence, there has been that looming case.
I think in a lot of ways, that's something that is like a narrative that has mainly impacted
people already in the ecosystem. I don't necessarily think that the SEC case was
don't necessarily think that the SEC case was stopping other people from entering.
And it also was entirely unrelated to probably the larger structural issues that have resulted
in just bearishness across Pulse and Pulse X.
and Pulse X.
You know, because like the SEC case itself,
you know, realistically,
how many people actually know or like,
like know or care about that?
You know, most people aren't going to stop or they're not going to not buy something that they perceive can go up a lot because they think that there's an SEC case going on in the decentralized finance type of setting.
So I think it's good for the morale of the community.
morale of the community.
So hopefully people that maybe already were in the ecosystem who were selling as a result,
because price only goes down when people sell.
So obviously that the announcement of the case and just kind of everything that's gone
on as it's dragged on, that obviously caused people to sell that were already in.
So hopefully those people who had sold when the price was near the sacrifice level,
if that was the real reason that they sold, not because of just other market forces that they were experiencing, then maybe those funds can reenter.
And then it really just kind of comes down to what do new sellers right now react to
any inbound funds from that?
Hopefully, we see Richard start to just take more action.
I think that over the past couple of months, there have been some good actions taken with the slashing of the HECS inflation rate.
That's probably the biggest thing that has longest standing, because that solved the problem that was getting
worse and worse every single day. And that solved the problem that has major impact on
the whole ecosystem, because, you know, hex being one of the, you know, the asset that most people own and the one that people have locked up, just reducing
the inflation of that has a big impact on system-wide inflation.
Because hex was the main coin that users sacrificed for Pulse and PulseX, and it was honored at the price of HEX in 2021,
that I think has kind of that the end result of that dynamic was that the Pulse and PulseX
that were received from sacrifice HEX were basically an extension of hex value.
And so you can kind of treat inflation in one as inflation in other because it's all the same pool of buy-side demand,
especially amplified by the ecosystem liquidity primarily being on Pulse Chain,
The ecosystem liquidity primarily being on Pulse Chain, where there's really only like, what, like $40 million of stable coins to go around.
I think, you know, probably 60 million of stable coins plus ETH.
So really, the whole ecosystem relies on that same, you know, pool of liquidity.
And so cutting inflation in one
helps all the others.
So that was a smart move.
I think the pump dot tires thing,
that's a good idea.
I think it has some positive impact
on how it increases the burning
of pulse and pulse X. It has some positive impact on how it increases the burning of Pulse and PulseX.
I think it might be the long-term impact of that is great if something really runs from that and it attracts people outside of the ecosystem. Like if people come to Pulse Chain because of assets that were
originated from pump.tires, that can be a good outcome. It's just that space is highly competitive.
I think that kind of the thought that everyone used to have about like, oh, like green candles will bring people.
I don't know how much validity that has anymore because there's green candles everywhere.
And there's green candles that are closer to where people already are and closer to the connection between their bank account and their crypto wallet.
connection between their bank account and their crypto wallet.
And there's just so many tokens where there's really not that much urgency for like a green
candle because, you know, by now people I think are just kind of inundated with charts of coins
going up and then going down. And so one, I think that that kind of FOMO, you know, a lot of the users that are susceptible to that FOMO, they may have already learned their lessons.
And two, there's not always that sense of urgency because, like, you've seen so many things pump that if you're like, OK, well, I'll just wait for the next one. And so I think it's just in general harder.
So hopefully, you know, pump tires can have that positive effect.
You know, but I think really the cutting the hex inflation,
that'll pay dividends for decades. But overall, you know,
I hope that he, you know, starts to take action, you know, like
the that's, I don't know how you can expect to have a blockchain ecosystem succeed,
especially in such a competitive space, if, you know, there's no there's no action being taken.
I think that's something that is kind and a lot of people feel that,
is that all that talk about no expectations to try to avoid legal hassle,
but then still got the legal hassle,
but also got no real action being taken to try to, you know,
promote the ecosystem.
You know, there's things here and there,
and there's the tweeting, but, you know,
blockchains are a competitive business.
You're in the business of selling blocks,
and there's real professionals that are well-funded
who deploy those funds to
grow their ecosystems and sell more blocks than their competitors.
That's really what we'll be able to see over the next couple of weeks and months,
is if the ongoing SEC case was the reason why there wasn't really any
deployment of funds other than some sporadic purchases, buybacks, and then the big ETH
trade, which who knows what that's all about. So I think that over the next couple of months that
there will
be answers about if
Richard's
really going to play to win.
Because
Jesse from
base, he's playing to win.
Founders of Solana
and the whole Solana organization, they're playing to win.
Andre and the Sonic team, they're playing to win.
The Ethereum crowd, they're playing. Whether or not they're playing to win,
there is serious action being taken there.
there is serious action being taken there.
Every big chain you see, there's big investment and big action being taken.
So that's kind of what we'll see.
And that is partially what has inspired me to announce what I had announced today with FlexNet, which is a blockchain with
HEX as the gas token and primary liquidity pair, is because really the big loser of Pulse Chain
launch was HEX. I know it was stated that Pulse Chain was to save HEX, but most of you already
know my opinion on that is that that was really
just the sales pitch that resonated with like the lowest common denominator user.
It was quite clear that the reason why Pulsechain was launched was because of the success of chains
like Avalanche, Phantom, Solana, Binance Smart Chain, etc. in the alt layer one space. That was,
you know, one of the big winning trends of the 2021 cycle. And so, you know, the end result of
that was that Hex, especially Hex on Ethereum, you know, that was the big loser of all that. Kind of for no reason to.
So I think that a chain with Hex as the native gas token, native asset, it gives brand new use
cases for Hex and can unlock a new source of demand for Hex and using HEX as a primary liquidity pair for the chain.
One, any source of demand for coins is effectively demand for HEX and also a growing HEX causes
the value of those coins to go up just from being bonded by HEX.
those coins to go up just from being bonded by Hex.
Hex from Ethereum was specifically chosen,
one, because a big problem that I observed and heard people voice,
is that PulseChain is just isolated in its own world.
It doesn't get the benefit from any of
the infrastructure around the Ethereum economy,
or directly access Ethereum
other than through the bridge.
And so building something that tightly integrates Hex
with the kind of main core Ethereum structure
I think has a lot of benefits for users,
but also I think this is a really good opportunity to just inject more credibility in Hex.
Hex had a strong chance of being highly credible after its performance in 2021.
But then it's a combination of some of those behavioral traits,
such as getting on the women's community live stream and talking about your PP and then saying the N-word on fresh and fit.
And then just the price action of Hex after Pulse Chain launch.
I think those things all caused Hex to take a big credibility hit.
caused Hex to take a big credibility hit.
So with FlexNet,
I think that having Hex be a strong native network token
for a chain that's kind of part of the Ethereum scaling solution
through the L2s,
I think that that's a really good way
to try to drive improved credibility around Hex and reach new audiences.
So overall, my goal with FlexNet is to really try, because now we have experience.
we have we have and we have experience it's like we we've seen how you know kind of the launch of a
of a new uh network has gone with with the pulse chain we you know we saw what works saw what
doesn't work um and those are the experiences that we can all learn from and you know push forward
and you know hopefully that this can have some type of kind of follow on benefit to Pulsechain itself.
You know, nothing direct, you know, because this is like an L2 built on Ethereum.
It's for hex on Ethereum so that, you know, no PX, you know, no Pulse, no PulseX.
So it's, you know, fully independent of anything pulse chain related but you know i i've seen you
know times where uh richard has felt some competitive pressure or times where you know
like like all this uh all the talk about pdye like really i think that the reason why he's
speaking out about is because that's really been the only coin that's been able to drive demand,
you know, on the whole network was PDI.
And I think that he feels that that comes at the expense of the coins that he launched.
And so I think that that may be a little fire under his ass and cost him to take action.
and cost him to take action. And so hopefully that if he sees a homegrown network that's
kind of on the cutting edge of the Ethereum scaling stuff and utilizing HEX as the gas
token and the liquidity bonding token paired with the FlexNet incubator where myself and GoldKey and
with the FlexNet incubator where myself and Golki and Hexketa and others who are, you know,
strong, talented developers and builders who have experience building and launching stuff,
you know, can lend that experience to other builders and, you know, support them and really,
you know, kind of building a culture of ecosystem development,
you know, hopefully those are things that he can, you know,
kind of see and learn from and take action on.
So that's kind of, you know, my goal.
You know, hopefully that this is all part of broader headwinds that help,
or tailwinds, I guess, that can help grow the economy in the
Pulse and Hex world. You know, I personally like and kind of am more focused on Hex, on Ethereum,
because one, it's the one that has had a full price discovery cycle.
The other coins like PulseX really haven't because the sacrifice was not price discovery.
Like just jolting up to like a multi-billion dollar valuation with no price discovery,
the price chart has to resolve that somehow.
And that's kind of what we're seeing.
So, you know, unrelated to SEC stuff, you know, that's the main reason why price is down.
It's just launch at too high valuation, launch at a fixed rate.
You know, instead of there being support and resistance being built up from zero to the, you know, sacrifice market cap, there's just a ton of resistance at that sacrifice market cap.
So, you know, Hex doesn't really have that. Hex on Ethereum really actually was one that benefited from the sacrifice because a lot of Hex was basically burnt.
You know, it was bought and then, you know,
it went to the OA, it just sat there for a long time
and now all that is staked.
So, you know, Hex on Ethereum, you know,
kind of benefits from some of those shortcomings
and the other coins.
It's, you know, it's already had its massive 99% retrace.
it's already had its massive 99 retrace um and the um you know it is you know not as
fully reliant on pulse and pulsex so overall i think that e-hex is kind of the smoking gun and
the dark horse in this whole thing.
And also, you can kind of tell the type of people who just kind of repeat what has been told to them from above.
That category of user is against e-hex,
but when you talk to the people that actually know what they're
doing and people that have unique original insights uh those those people view e-hex very differently than the people that just kind of parrot whatever the prevailing narrative is so
kind of that like you know going against the the dumb money crowd um that's also part of that
the dumb money crowd, that's also part of that fundamental analysis for why EX is important.
All right, we got, I think, 47 people in here.
If anyone wants to come up and ask questions or give their take, let me know. Well, since the FlexNet announcement,
Well, since the FlexNet announcement, eHex is up about 10%, which also coincided with the case dismissal.
I don't know the exact timing because I was working on that.
working on that. Also, I wonder, halfway Joe, because I've been floating the idea of FlexNet
around to some people in the ecosystem that I highly respect their opinions on. Now, I've
been working on this concept for about a month.
And then I see Richard tweeting about the risks of L2s.
And that's kind of, you know, it's actually a really good point.
Is it like L2s is a scaling solution, you know, versus like Pulse Chain is a scaling solution.
You're basically just trading one set of risks for another.
You know, and so the,
and it really just comes down to like your preference of what types of risks, you know, matter to you.
Like for instance, like I think the thing that he cited
was that there was a private key that was related to an airdrop of coins that was compromised for one of the ZK era roll ups or something.
And and then they ended up pausing the network to resolve that.
And so, yeah, I mean, private key compromise. So the equivalent of that in Pulse Chain would be if the OA or Sacrifice or the addresses that own the vast majority of the Pulse Supply got compromised.
got compromised.
No one really knows how those private keys are managed.
What you do know is that they're not a multi-state contract.
The keys could be stored through a type of
like Shamir secret sharing or sharding technique.
But those coins sit at an ELA.
So those are just coins sitting on the network.
So that would be like the equivalent of that happening.
I do believe that Richard has good private key security.
He must.
I think that that may be why.
I think that that may be why,
like it seems like when there's actions taken
with like OA or SAC wallets,
they all kind of happen in a batch.
And sometimes they'll go months without anything.
So, you know, those keys must not be that easy to access.
And so that's, you know, a positive thing there, you know,
but like the risk of admin key compromise,
whether that be on an L2 or that be on a network where
one address owns the majority of the supply,
it's the same risk but just in a different way.
I think the other thing he was citing that was that they had paused the network to deal with this exploit.
And that's pretty common with certain networks or even certain DeFi protocols.
Like if something's going wrong, they have admin keys that can pause the protocol.
The equivalent of that would be if the owner of the upgradable proxy admin key on the Pulsechain and then someone was draining, figured out how to drain liquidity pools and was trying
to bridge the funds out, I could very well see Richard using that admin key on the bridge to
stop out. And so, you know, it's kind of interesting to just compare, you know, those different kind
of risk profiles. And that's kind of the whole game in crypto is to, you know, manage the perceived
risks with the perceived opportunities. Like in Solana, you know, there's the risk that sometimes the chain may be congested and transactions will just fail and you'll have to wait a long time.
So there's that risk of that happening.
But people are willing to tolerate that risk because they had seen kind of the momentum where on things that were even higher risk, you know, just like high risk token trading.
where on things that were even higher risk,
just like high-risk token trading.
So for that user's mental calculus,
they're thinking, okay,
I'm going to hold this coin for a couple of hours
so that I really just need transactions to work
when I'm buying and when I'm selling.
And I'm either going to make 10x
or I'm going to lose it all.
So the inherent risk of just that trading activity is higher than the risk of the network going down.
And so, like, when you're kind of coming to your own conclusion about risk versus opportunity,
basically all of the risks get added up, all of the risks get added up
and all the opportunities get added up. And then if the opportunities exceed the risk,
then it's a go. But if they don't exceed the risk, then it's not a go. And so there's,
you know, everything comes with its own risks. And it's really up to every individual to
determine how they, you know, price those risks in to whatever they're trading.
So, you know, it's kind of always interesting, interesting topic.
So I guess, well, you know, we have, you we have new faces in here.
So why don't I, I'll pin some tweets and we can kick off the discussion.
So we're launching FlexNet.
So FlexNet is a blockchain powered by Hex. Hex is the native gas token and Hex is the
native liquidity pair. I say Hex, but it's really a coin called Flex, which is one-to-one wrapped
Hex on Ethereum. So there's a contract that you can wrap and unwrap your Hex. There's no fee,
contract that you can wrap and unwrap your hex. There's no fee, no nothing. It's just one-to-one,
both directions. It's actually one to 10 to the 10th power, but that's really because to make
hex that like blockchains are like EVM-based blockchains rely on the gas token to have 18 decimals.
And the HEX token has eight.
And so Flex, that's kind of the caveat there is that Flex basically converts native HEX on Ethereum into a format that can be used as the gas fee token,
like the native network token for the L2.
So if you have HEX,
you can bridge it to FlexNet and use that for anything.
FlexNet is launching with something called Flexdex.
Flexdex is a new type of token standard that I've created
over the past couple of months,
which combines normal ERC-20 tokens with built-in launchpad and built-in decentralized exchange.
And so the launchpad solves a lot of problems that I've seen in all the trading.
I've experienced both as a trader and also with things with how like the show that was the Gophers launch on Solana.
You know, a lot of those things that I had wished had, you know, been done differently that I've really internalized.
A lot of that went into the design of, you know, the FlexDex launchpad mechanism, which has, it has like a sniper proof token launching mechanism, which prevents
just like the first largest buyer from getting the majority of the supply.
And it has something called a price floor, which basically creates a max possible loss scenario that you will,
you know, so by participating in a, like a FlexDex token launch,
you know that your max loss possible would be about 25%.
So if you're the last person to sell and the coin only goes down,
then your max loss will be about 25%.
So that helps to solve the problem of with many coins.
Most coins are not going to succeed.
And there's really no, well, until FlexDecks,
there's really no good way to wind down coins because it just turns into a race to get out.
And then the last couple people holding the bag get screwed.
native launchpad mechanism of FlexDex has a baked in price floor that's done by where the contract
always has enough reserves to buy back 100% of the supply at about a 25% discount to the launch
price. And so it creates a couple of interesting dynamics. You'll have to go down the rabbit hole
on. One is that it creates kind
of like a risk-free trade which allows for you know new people to enter like say a coin is just
dying out it's at the price floor people are just redeeming at the price floor there's barely any
supply left um then people can kind of just back because if you buy slightly above the price floor
you have almost a risk-free trade because you can always sell because the contract can buy 100% of
the supply at the price floor.
And so you can just buy the coin slightly above the price floor and you basically have
like a built-in stop loss at, you know, say a 2% loss.
But also like all the coins that had been burnt have already, you know, they're now not in play anymore.
And then maybe there's like a community takeover and then it just kind of has another cycle.
The original name of this concept was called Bounce Stop Fund for that reason.
bounce.fun for that reason where like price there's this price floor and then you know maybe the first
cycle the first cohort of people that were a part of it they're done you know they're on to the next
thing but then a new group of people can come in on an old coin that's at the price floor and then
run it back um so it kind of has an interesting dynamic with that. And then also,
it also has native liquidity pools.
So when a coin is launched on Flexdex,
a portion of the inbound funds that are used to meet the coin at a flat rate,
the flat rate is what prevents the snipers, like the flat rate launch.
A portion of the inbound hex,
well, a portion of the inbound flex,
which is wrapped hex.
So a portion of the inbound flex goes into the price floor,
and a portion of the inbound flex goes into a liquidity pool,
Flex goes into a liquidity pool, which actually lives inside of the token contract.
And so, you know, there's a certain amount of the supply of the coin that's in that liquidity pool,
and then a certain amount of the inbound launch funds that live in that liquidity pool.
inbound launch funds that live in that liquidity pool.
And that liquidity pool, because it's fully ingrained in the contract,
where on one side of the pair is the token, and on the other side of the pair is Flex,
which is the native token for the network.
It's not wrapped Flex.
It's not like wrapped ETH.
It's not wrapped flex. It's not like wrapped ETH. It's pure flex.
There's actually no approval step if you are either buying from the contract or selling to the contract or adding liquidity to the contract. So it actually eliminates a pretty big UI hurdle
in the ERC-20 token standard, which is the approval step. Because, like, when you're trading coins, you have to approve PulseX,
you have to approve Uniswap to interact with your coins.
In this setting, when you're buying and selling directly from the contract,
you don't actually have to approve anything.
So, you know, for a liquidity provider, it removes two transaction steps.
But for a trader, it removes one transaction step
that happens every time.
So that's a pretty big UI improvement.
And the liquidity pool is a standard symmetrical liquidity pool.
So it's just like a V2 PulseX pool.
But it also has limit orders.
So you can place a limit order as a trader, or you can place limit
orders as a way to kind of supplement a normal liquidity providing strategy. So say you're an LP,
you know, usually like on Ethereum, the LPs, you know, they may have some amount of their
liquidity in a symmetrical position, which is buying and selling at all prices.
And then they may have another portion of the liquidity in a V3 pool, which is buying
and selling at all prices within a range.
So kind of, and then through that, you can kind of build out a liquidity profile that
basically represents
where you think that prices are going to trade the most. And so with FlexDex, it kind of
implements that in a different way by having this kind of standard V2 symmetrical liquidity
position plus the limit owners. So rather than buying and selling at all prices in that range,
it's either buying or selling at a specific price. And so between the symmetrical V2 liquidity pool
and the limit owners, liquidity providers can form positions that can be pretty lucrative from the fees,
like the normal liquidity provider fees, plus the swing trading aspect that they would be doing with the V3 pools.
Honestly, FlexDex is probably the big opportunity in all this really is FlexDex, if I'm being realistic.
The big opportunity in all this really is FlexX, if I'm being realistic.
Because that's what I mean.
It's something that I've been personally frustrated with as a builder in Pulsechain ecosystem
is that there's this prevailing culture of just copying.
I want to be doing really innovative stuff.
I don't think that the next big thing is a copy of last cycle's big thing.
I think the next big thing is something new that solves problems and creates new dynamics,
and then from there is where the big opportunities lie.
from there is where the big opportunities lie.
That's part also the motivation to have FlexNet,
is just to have a hub for innovation.
Things like Quantum Raffle,
I find that very innovative.
I don't think it really resonated on Pulsechain audience.
People, the things that have really resonated in PulseChain are either forked copies of coins
or just kind of like the core coins. So I kind of want to be in a setting where innovation is
the standard. And I think FlexDeX really is like,
that's probably the big opportunity,
the big source of opportunity in FlexNet in general.
So that's pretty powerful there.
So I guess other than FlexDex, the other big thing is the ecosystem incubator.
Yeah, that's something I'm also really passionate about
is not just building things on my own,
but helping other people build
and educating other people
and helping other people achieve their goals.
And so with FlexNet as a, you know,
just like an ecosystem centered around innovation,
centered around HEX, you know, the two things that I really love.
I think that can put me in a position to amplify my impact
by being able to help support other builders in the space.
You know, because like by now, it's like,
I've launched dozens of smart contracts
across numerous chains.
Hundreds of millions of dollars of business
has been conducted through smart contracts I've launched.
I've been through it all.
I've seen what works.
I've seen what doesn't work.
I've made big mistakes very publicly.
And I've had big wins very publicly too.
So all those experiences I think really culminate in
a situation where I can make max impact by
helping others launch things.
You should see my private GitHub. I have more projects than I have time to build myself.
And so being able to be in a position where I can support other builders, I think that's really a way to leverage my skills and capacity where it's not just like all about the things that I build.
It's more about what can I help the ecosystem build.
And also kind of something that I've been kind of dissatisfied with how PulseChain's operated is that because Pulse was such like a big oversubscribed token and PulseX as well,
it's kind of created a situation where those kind of core network and like ecosystem infrastructure pieces
are at odds with all the things built on top of it.
Like where, and I think Richard leans into that
where he really doesn't support anything built
in the ecosystem because he views it as competition
for the things that he's built.
And I think that that's, you know, kind of like
almost a non-starter, like it's almost dead on arrival
where if the leader of the ecosystem
feels the need to compete
against everything else in the ecosystem,
I don't think that that's like the channel towards success.
And so, you know,
kind of with how like the economics of FlexNet are,
you know, especially with like HEX as the ecosystem token,
where it's not like a new coin being used as the gas token.
And with the structure of these ownership units,
which are being sold to kind of fund the whole thing,
like create a budget so that professionals can help build the ecosystem
and we can operate this network and really create this hub and
invest in builders and invest in the ecosystem. With how that is structured, all the things that
I've seen that I think have negatively impacted PulseChain's performance as a network and as
ecosystem, that's really what I'm aiming to solve there. I think that's a really big piece.
I think historically Ethereum has done pretty well
at ecosystem development.
And a lot of that was driven by consensus.
So like, kind of like a organization
who was created to do just that.
And you see it in Solana, the Solana Foundation,
where they have serious developer support people,
serious business development people
who are working to make the chain of success.
And they're funded, that's part of it.
you know, that that's part of it. Like there's not that for bullshit. Like, you know,
There's not that for bullshade.
$650 million cash raised, you know, I think like between 10 and 20 million was either bridged in
or appeared to be spent on things prior to launch. But, you know, there's 650 million went into an ETH trade, which is down, you know, 50%.
So, like, that type of dynamic of, you know, the opposite of investing in the ecosystem like that, that's something I'm really hoping to solve with this.
I want to have a reply to some tweets.
Here, I want to have a reply to some tweets.
I want to see what people are saying.
Hex Nobody says, this is ambitious but beautiful.
And it's the way.
Hex Powering other financial products.
Farad Jpoker asks, how to protect the chain from the OA?
the chain from the OA. Then if you mention that OA is competitive with others, all the
Then if you mention that OA is competitive with others.
OA could do is nuke the price of hex, which would lower fees, but not this impact.
That will hurt them or this.
I could ES everything and then deposit it all on FlexNet into various protocols and and absorb all the yield from users. But that is part of the game.
Big holders can choose what to do with the coins they own.
Sorry, guys. I'm just replying to some tweets here here and I'll try to read them aloud so you
guys can get that.
Fair DJ Poker says, as far as I understand, FlexX is the game changer and the main DAP.
Yeah, I mean FlexX really is the game changer and the main DAP. Yeah, I mean, FlexX really is a game changer.
It's something I've really been iterating on
probably for like eight months now.
Kind of started with the mechanism around the,
more just like the sniper-proof launch.
That was kind of the original concept.
And then I later kind of introduced
the concept of the price floor and then more recently introduced
the concept of the native decks
where you can buy and sell from the contract directly
and do limit orders directly. So Someone asked if I'll be getting a copy of all my Gophers over there.
No, there will be no copies and no airdrops.
MaxPaint says nice looking site.
Yeah, Golki really helped me with that.
I built the first version,
which mainly I just got the copy in there.
Then I sent him the GitHub link,
and when he sent it back, oh my God.
So yeah, this is the best website I've ever seen, honestly.
Wow, so far, 5.83 ETH has been used to purchase the FlexNet owners units.
Let's talk about that real quick and then I'm going to have to hop off here.
Those owner units are basically,
there's a couple of sources of revenue that the network produces,
and that is going to be split after the of revenue that the network produces, and that is gonna be split
after the cost of operating the network,
that is gonna be split across
the owner's units holders.
These owner's units are non-transferable NFTs,
but at some point they will convert into a liquid token.
They're non-transferable NFTs because
I don't wanna create a situation where the holders
of those are playing PVP trading games with each other
or with the general ecosystem.
And so having those be liquid,
it just aligns incentives with everybody.
And then really the value there is in the sequencer fees.
So, I mean, Coinbase made $120 million on the sequencer fees running base.
So that's kind of the, but that, you know, that's obviously a massive, big, busy network.
So that's, you know, big, busy network. So that's one source of revenue.
Flexdex, the way that that works is that there's
an element of burnt liquidity in Flexdex.
The locked liquidity that's native to
the Flexdex launchpad issuance and the native DEX, those get,
like the fees earned by that locked portion of the liquidity
goes to the ownership units.
So that one I think is unique because,
you know, a liquidity fee is paid in both sides of the pair.
So one side of the pair is Flex, Hex, and the other side of the pair is whatever token it is that was traded to generate that fee.
generate that fee. And so with those coins having price floors, there's like a minimum value
possible to what those can be. So you get the baseline flex and then you get the coin, which
is backed by some amount of flex via the price floor. But if some of those coins run like you know a coin the the
liquidity fee for a coin launched on flex decks that goes up a lot in value could be massive
earnings so that's kind of where i think flex decks is kind of the secret sauce here with like
the ownership units um there's two other revenue sources one is know, projects that are part of the incubator, there's going to be, you know, kind of like, think of it like equity deals, where, you know, if I'm going to be
building a smart contract for an incubator project, there's gonna be some type of like equity,
you know, agreement or something. And whether that's tokens, or whether that's revenues,
or whatever the case may be.
And then so there's going to be earnings from incubator projects which go into the ownership unit revenue distribution structure.
And then finally, because these are not liquid, I still want people who participate in the ownership unit system to benefit from increased value.
And so every time there's a fundraising event,
the existing owners will get some portion of that as a bonus.
So right now, for $50 per unit, there's 10,000 thousand units available those will be available until the test that launches once the test
that launches the rates gonna go to a hundred dollars a unit but you know so
if you participate and get in at that fifty dollar per unit one once you know
the next fundraising round which is the $100 per unit one that happens in between Testnet
launch and Mainnet launch, some percent of those proceeds are going to go to the people
that participated in this first phase of the fundraising.
So it's kind of equivalent to the price having gone up and then you as a token holder like DCA scaling out is kind of a way to think about it.
But in that case, you have to keep your ownership unit and you get a bonus from the fundraising.
So there's really four unique, you know, revenue sources for these things.
revenue sources for these things.
And you should go and read about that on the site, flexnet.tech.
You can just read all the stuff about ownership and to get more about that.
But yeah, I mean, that's pretty much it.
You know, this is, I think, the biggest initiative I've ever taken.
A lot of things I've built before are really just, like, smart contracts.
They're kind of standalone.
But with this, you know, it's like it's really time to bring Hex back to its former glory.
It's time to try something new, time to try something ambitious.
And because that's really the only way to drive success.
I think, you know, gains are going to be harder and harder to come by in general.
Everything's just too competitive.
And so we need to really rise to that competition and put forth something that's really unique and really innovative.
Because that's where the big opportunity is going to come from.
So I do appreciate you all listening in today.
Go to flexnet.tech to learn more.
Tweet at me if you have any questions.
I'll respond there.
There's no Telegram.
I recommend staying off Telegram.
It's a little scammers.
Stay on Twitter where you can validate who you're talking to.
But anyways, I'll talk to you guys soon.
Have a good one.
Peace out, everybody.
