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FROM PRESALE TO PROFITS | $XBO DEEP DIVE
Recorded: Aug. 12, 2025 Duration: 2:02:45Space Recording
Short Summary
XBO is gearing up for its token launch on August 18th, promising zero trading fees and a robust earn program. The platform has also partnered with the Argentina Football Association to enhance its presence in Latin America, while demonstrating significant growth by achieving profitability within a year of its launch.
Full Transcription
Thank you. Thank you. What is up, everyone?
Happy Tuesday.
It's August the 12th.
It's noon Eastern.
And here on Wolf Financial, that means we talk to Tesla.
We do a full deep dive around everything going on in the Tesla world.
Working on getting some of our panelists up here on stage right now.
Landon is already here.
What's up, Landon?
How are you, my friend?
Hey, very, very good.
What time of year are we here in our hemisphere?
I guess we're approaching the dog days of summer.
I hope everybody's already had a pretty good summer,
and maybe we're getting some kids back to school, that kind of thing.
What's going on in your world?
Well, not a whole lot, honestly.
It is the dog days of summer.
Well, I say not a whole lot as far as just a whole, it's a whole bunch of stuff going on,
but more of like family stuff going on.
A lot of stuff here.
And we're just a week away from the due date for my baby girl.
So that's what my life has been like lately.
On top of everything else going on with work and all that just never slows down.
Apparently they don't care.
And then you mentioned it, kids still home from school.
I am so ready to get back to the normal routine.
But dog days of summer, but it's treating me good, Landon.
I can't complain.
What's new in your world?
Man, you know, I just got to tell you, the thing you mentioned trumps anything that we'll all say today.
There's some really exciting news.
You got some great speakers coming up.
But you having a delivery date, a due date in the near future, man, that just takes over
everything.
Congratulations.
I'm really excited for you.
That's really good.
I just can't wait to talk to Penny and Omar.
There's so much going on.
John Silicon Valley's traveling the world.
We've had these festivals, these Tesla events. Penny's going to fly an airplane or something
like that. I can't wait to figure out what's going on there up in Montana. It's really probably
pretty good that he's doing it up there because they got no speed limits, right?
Yeah, I saw that post and I'm actually DMing him to see where he's at
because as much as I love talking Tesla, I am definitely going to be asking Penny on this space
about how he's getting to go on a fighter jet. That blows my mind. I've been in like a small
plane before, a fighter jet. very few people i think get that opportunity
you got it so he'll tell us about that i'm working uh focusing on the denver tesla club event that
is coming up it's turned out to be a big deal this was going to be kind of a local club event
diana's been the president for for more than couple of years now, and she is just knocking it
out of the park. Suddenly, I feel like I shouldn't pump this event so much today because she went
from needing 35 cars to hit a pretty big record to down to less than 20 cars. So maybe I shouldn't
mention it too much, but she has got us coming to the Colorado Springs
area, which is where Pike's Peak is, a 14,115-foot summit, and it's actually accessible
by car. And so she's rented the mountain, and if you just let that sink in for a minute,
she's contacted the government officials in the
Park Service and the Bureau of Land Management and the Forest Service that runs the management
of this area. And for the first time ever, ever, ever, people are going to be allowed to be at the
top of Pikes Peak Summit at night. And so we're getting all these Teslas up there,
hundreds of Teslas at 14,000 feet. And Simon is going to do his Tesla light show. So yep,
we're going to break all sorts of records. It's a fun way for us to get together in the middle of
the country. If you happen to be in Colorado at the end of August, starting the
21st, she's got three days of activities. But hey, this is great. And I'll pin it up to the top
if anybody happens to be in the area. But why am I talking about this? I'm talking about excitement.
And I think that the make or break between how people are living their lives is what they think
about the future, and I've had some racehorses in my life, and that's been a lot of fun,
and I love this movie and the book Seabiscuit. It's really, it's kind of aged now. This was like
25 years ago, she wrote this book about the horse Seabiscuit.
And the best thing about Seabiscuit was that he was an underdog that came out of nowhere and took on the world because his owner, his jockey, and his trainer, very, very different men from all walks of life suffering through the depression, these men came together and built this horse for the future
because they were excited about what could be accomplished when you worked towards the future.
And Elon tells us how you get to the future that you want. And all you have to do is make it.
And I love how simplistic that sounds and how easy that sounds. But if you don't work actively to make the future, whether it's Tesla cars, Tesla humanoid robots, SpaceX getting a new starship on its way to Mars next year, perhaps, if we're lucky, these kind of things happen for people that want the future to succeed.
So if you're just sitting there in your house, in your office, in your car, hoping for the best,
ask yourself what you can do to help make the future that you want it to be.
And while I look to racehorses and Seabiscuit and the Great Depression of the 1930s,
racehorses and Seabiscuit and the Great Depression of the 1930s, here we are in the 2020s.
And people are asking themselves, what's happening?
What's going to happen next?
What is this president doing?
What is this billionaire doing?
What are these political parties doing?
Well, the answer is, psychologists tell us, we're all working for ourselves, right?
We have our own best interests at heart, and that's great, because that's how you take
care of your family.
That's how you get that newborn home safely, by focusing on what's important to you.
And then if we can all come together and find a common goal of the future that not only
supports and protects and promotes our best interests,
our families, you find a company like Tesla, you find a man like Elon Musk with a vision,
and you ask yourself, does this man have the vision of a future that I want to support?
And it's so easy for me to find that. Because whether it's Seabiscuit,
the racehorse in the 1930s, coming together to beat all odds and beat the great horse,
War Admiral, that represents legacy automotive for me right now, then I can say yes. Tesla has my best interest at heart. Tesla protects my family when my 80-year-old
father is in a complete totaling car accident that could ruin lives, end lives, and instead
he's still with me here today. Tesla can build the humanoid robots that are protecting us and
our families in the future, doing the jobs that are repetitive, dangerous, and difficult.
So we don't have to do it.
So we can continue to raise our families.
And that's why I'm here, Wolf, is to talk about the Great Depression 100 years ago and what it means for how we can create the 2030s for our families, our lives, and our dreams. And the Tesla team
and Elon Musk and SpaceX and his other companies are doing the things that I want to see for my
family in the next 10 years. And we're at a remarkable time. There's about five things that
we'll talk about later that are about to happen that make this look like the tranquil
pond with no ripples in the water and the tsunami is coming, Wolf. Thanks for letting me rant on
about the future because that's where I live is in the future now, thanks to Tesla, and that's
why I invest in this stock. I love being here. Thanks for having me. Beautiful rundown as always, Landon.
I appreciate you. I do want to ask one quick follow-up before we jump around the panel. You
said what was happening at Pikes Peak that's out there in Colorado. What a famous spot. You think
about the old frontiers after the Louisiana Purchase and people that were settling and exploring.
That was kind of the first landmark spot that they came to after crossing the plains you've got that right these these uh explorers these guys you've heard
about them traveling all over the the west the first not pioneers but explorers and one of them
was zebulon pike and yeah pike's peaks at one, many 14,000 foot mountains in Colorado.
These are our Rocky Mountains, and this is where we love to live and play.
And so that mountain is accessible.
It's one of the two mountains in Colorado over 14,000 feet that you can drive up to,
and one of them is closed right now.
The other one is Pikes Peak, and Diana has secured permits like I have never seen before
to make this happen with drones at night and hundreds of Tesla cars going up for the world's
highest elevation light show. The Tesla light shows that Simon puts on are remarkable. We just saw, wow, the piece de resistance at John's X takeover. Silicon Valley
Tesla put on a remarkable event with Simon. They had drones and they had a light show that was just
absolutely killer. And this time we're going to do that at the top of a 14,000 foot mountain
in the dark. So when the light show show before it begins and after it's over
you're standing beneath the milky way galaxy and the stars like you've never seen them before
from 14 000 feet in complete darkness with no light pollution that's what i'm excited about
sorry for the long answer we're doing that that on August 23rd. Check it out.
August 23rd. I'm excited to see the pictures and videos that I'm sure will be taken and posted from there.
That no light pollution, that's going to be super cool.
Thanks for getting us started here, Landon. I'm sure we'll come back around to you here shortly.
Ryan, I want to go and bring you into the conversation and see what's on your mind today, what's going on in your world and in the Tesla world that's piquing your interest.
I see we can hit some news stories and stuff here in a little bit, but I just want to see what everybody's been watching and thinking about.
For sure. Thanks for holding down the fort, guys.
I think Landon brought up a good point about this event and all of the events that are happening in the Tesla community.
You know, Tesla owner, Silicon Valley, John, who's on the panel now, he hosted an event.
He and his team hosted an event in the Bay Area.
And it was great to get a lot of folks from the community together.
You know, same thing is going to happen with this Pike Speed event.
And there are plenty more
to come throughout the rest of the year there's also the annual shareholders meeting happening i
believe in november where there's going to be a ton of tesla investors and folks from the community
that fly out to austin and just hang out and this is not super typical,
but obviously there are some stocks
and some companies where there's an investor base
that just really rallies around a shared mission
and shared thinking on the future of the company.
So to me, it signals that Tesla is not only like how Apple used to be in 2011-ish to 2014-ish, and it's a little bit less clear to me that they're
deserving of it for a long-term like long-term mission plus long-term good execution whereas
apple back in 2000 like i said 2011 2008 when they first came out with a real iPhone
that hit the masses, like that product was clearly upending that smartphone market.
And back then it was like, wow, everybody I know, I was in eighth grade at the time in
2008, everybody I know was wanting an iPhone or if they
can afford it, their families were getting them an iPhone and it was the coolest product. And it was,
you know, in retrospect, it's even easier to recognize that this product was going to
completely change the entire market. But even when it was happening is like, wow, literally everybody I know wants this product.
And once they get it, they're raving about it.
And even, even when I wasn't really paying super close attention, um, it was clear that
Steve jobs was a visionary leader.
Well, now we have all of those things, but amplified even more.
Elon's an even better leader, more capable, and the product is even more complex and difficult to compete in.
compete in so it it makes it harder for somebody else to come in and and take over and compete with
tesla so and and they're also not just doing this with vehicles they're doing it with all sorts of
different robotics they're doing it with ai they're doing it with stationary energy storage and
it with stationary energy storage and all of these industries are are gigantic they're
they're bigger than the smartphone market so i think all these events that are happening in the
community they don't just signal that this is a cult but i think also it's a it's deserving of a cult.
Like Elon's really the greatest ever.
And Tesla has so many different projects that are worth the hype.
Yeah, those are my two cents after Landon brought up the Pike speak.
I'm really excited to be an investor and pass it along to somebody else on the panel yeah ryan i love that comparison and and it is like a fun kind of thing to do right now
like when i i like to think ahead and say how are we going to look back and view the same thing that
you said about the retrospect piece of apple and and I remember I was in the same thing. I just graduated
high school, going into college whenever the iPhone was coming out. And I remember because I
had gotten a full scholarship, that was one of the things that my parents rewarded me with was
I got an iPhone during that first year of college. And I remember how everyone wanted one, like you
were saying, and the technology was just light years ahead of
everything else that we'd seen. And a lot of people are looking at it going, hey, this is
changing, like this is going to change things, especially once you got a year, a couple years
into it and saw it grow and improve. How long do you think this current, where we're at with Tesla?
I mean, I think some people could
argue that we could look back now and say, I mean, look where Tesla's come today. And some
people would say, this is still the iPhone moment right now, this summer. Where are you at on that
piece? Yeah, I think that's a good point. Elon's talked about previously that it really takes till the third generation of a product
to to hit before it gains a ton of traction and it and it has a lot of the bugs ironed out and
it becomes a really good product that i believe that was the case with the iphone as well like
i think it was the third version of the iphone that really took off and the tesla model three i mean it happens
to be named the third but um or named name three but i really that was the third iteration of of
tesla because there was the roadster and then snx model sn X were kind of like the same, they were built on a similar
platform and, uh, they were launched pretty simultaneously.
Um, so it's re it's really just like the third full generation of a product cycle was model
three and Y.
And those, those have been selling tremendously model Y is the best selling vehicle, not only by revenue, but I think by just pure volume in the world.
So this is a phenomenal product that people do demand today.
When they get to their next generation products, like the CyberCab and these other lower cost vehicles.
Those are, those are also going to do really well, but really I, you know, I
think of it as like, there's, there's the company, but then there's really also
the leadership that causes the company to exist.
And the, the leadership and the people really determine the trajectory of how fast the company grows.
And by comparison, like a lot of these other companies, including fast growing ones like Google or Amazon or Netflix or Shopify, like they all grow really quickly and they do so profitably.
They all grow really quickly and they do so profitably.
But Elon's compounded annual growth rate and related profit are much better than all these other ones.
Like my, my, my general rule of thumb is that Elon's going to compound market cap by around 35% a year.
And historically that's, that's been about the
case. He's, he's likely going to continue to do that. And maybe even more so in a, in a humanoid
robotics world. But really, I just, I just bet on the horse and think about, well, Elon's the best
visionary leader we've probably ever had. This was the same thing that people could have
done back in the 90s, where you could just literally pick, I think his name was Jack Welch,
the guy who led GE, or Bill Gates, or Larry Ellison, or Steve Jobs, and then it became Jeff Bezos.
And a lot of these visionary leaders, they're well known and in the public name because
because they've done extraordinary things.
Well, now, I mean, to me, it's it's Elon and maybe Toby Luca from Shopify, Jeff Bezos from
Amazon.
I mean, there there's there are some names that just become so commonplace
where it's very clear that they're
visionary leaders and now
there's so much available
content that they've talked about
online, they've done interviews
they're on earnings calls and you can
start to understand how they think about the
world
I've listened to so many interviews of Jeff Bezos.
It's fascinating to hear how he thinks about the world
and how he understands business in a way that
I think he understands it very deeply
in a way that many others don't.
And that's obviously the same with Elon.
So to me, it's really just about
betting on the people and Elon's, I mean, Elon's just number one. So why not own the stock of the
person who's number one? Makes perfect sense to me, right? It's tough to argue with that anyway.
It's interesting your point about the third generation piece
because I do remember the iPhone and the iPhone 3G,
and then I believe it was the 4 and the 4S.
The 4S, we got Siri, and we had the thumbprint unlocking
in that same time frame.
Last question, and I want to hear from John here next,
but where do you think Tesla is as far as the generations?
I know we're on hardware four right now, but sometimes the names versus actual generations are a little bit different.
I think we're between three and four.
But I believe that Tesla is not going to be releasing small incremental product improvements.
I think they're going to be willing to really change the architecture of the products.
And for them, they've been changing the manufacturing.
So they've used these giant casting machines.
They've done giant stamping presses.
Like they're willing to change a lot of stuff
to improve the costs of the products
and then also improve the performance.
Whereas there's an argument to be made
that Apple did not really do that.
And, you know, there's not that much,
I assume there's not much wiggle room for how much you can improve a smartphone. But, you know,
like the innovation at Apple, I think there's a good reason that people talk about how innovation
at Apple is that because the trajectory of the growth is severely less steep than it was when Steve Jobs was at the helm.
They were making bigger bets and they were willing to, I don't know, just change the company for the sake of innovation.
And I think Tesla still has that, like Elon's still around. If he were to unfortunately pass away or somebody takes over or takes that CEO position, then maybe the trajectory will decline a little bit. But yeah, that's what I'm thinking. Let's let John go.
And I think Tesla still has that.
Elon's still around.
John. Yeah. Beautiful. I appreciate it, Ryan. Uh, great rundown. There were some really good
thoughts, John, I want to bring you into the conversation. And, uh, I heard that you were
traveling the world. I saw some shots of Rome on your timeline and some other things going on.
What's what's going on in your world? Yeah. Uh, thanks for having me. Um, just huge shout out to the team that's up here. You have some great panelists.
Yeah, I think a lot was said, but I guess I can just focus a little bit on the community and then even a little bit on the product.
But I think a lot of us, even the ones up here have seen the upward trend and downward trend
of Tesla so many times and through some of the most insane dark times.
And so for me, like, you know, I think even, you know, the word was kind of being thrown
around cult and stuff like that.
Like, for me, I don't I don't see myself like leading a group of people that, you know,
are part of a cult. It's really, you know,
people that fell in love with this Cinderella story when all the odds were
against them. And, you know,
the shorts could literally believe or literally taste almost the blood being
spilled out on this company. And, you know, especially as a Tesla owner,
you don't just, or even investor, you don't just start with Tesla. It's the SpaceX has a very similar story in how,
in how the amount of fake news and people just wanted this, these companies really to die.
And so you have this strong base that has kind of ebbed and flowed over, you know, at least for me, I've only been in the community for seven years. But, you know, that's really what I personally fell in love with
was not only the car, but it was the story and then the community. I mean, not in any specific
order. And that's really, you know, what it became. It really became like, especially us in 2018,
2019, really kind of us it
felt like against the world against mainstream media against all of these huge um whatever you
want to call it ngos and you know really the machine the legacy media machine to short this
company and to spill a narrative i mean you it, you see it all the time with,
you know, with what happened over the past six months with Doge and everything else. And then even extremists attacking owners who have used their own money to buy a car,
not making a political statement. And so I think, you know, the community has had a lot of people that have
kind of come and go, but, you know, the people that are, you know, making things happen now are
really the people that have kind of been around for a minute, who see the vision, who've, who've
fallen in love with the story. And then, you know, I haven't even gotten, you know, really reach,
reached into the whole story of Elon. And obviously that is a major part of it.
But, you know, and then, you know, aside from all that, I mean, it's not even like we're
out here just trying to pump something or, you know, share experiences with it. You have,
you know, one of the most innovative companies in the world. And what's insane is here we are
just talking about the cars. I think the only things, but really even like with what
Ryan's saying is, you know, they're about to launch probably the biggest product ever.
And so that's almost, you know, as Elon has said multiple times, you know, Tesla is a bunch of
many startups within one. And so you have, I'm just throwing out kind of a random number, like
what, 10 to 15, like kind of like micro hubs of companies within one big organization.
And you also see this company being able to pivot when they need to.
Right. They shut down Dojo because they realized it was kind of redundant.
And and then so it's really just one of those things where this company is really just still at a very exciting time of innovation and has a crazy exciting story ahead of it.
Not only with future products that they'll launch for, you know, the vehicles that they'll put out, the Optimus robot, which will be coming out.
And then you have them, you know, trying to get to this point where they're going to solve full self-driving.
They've launched it in two markets, Austin and the Bay Area.
And so it's just it's one of those things where, you know, yeah, there is really no other company that I think this this community even beats the Apple early days.
Right. Because and also to not only that, it's the amount of
time that this base, this strong basis stuck around, you know, I would assume is starting to
beat out the, you know, the amount of time that, you know, a lot of the Apple early investors were.
But all that to say is that, you know, Tesla is still in very much in a,
you know, in a stage where they're going through a transition right now, as you see that, you know,
with, you know, sales volume, but at the same time, you know, they have the best selling car
in the world, which is the Model Y, and they just refreshed it earlier this year. There's, you know,
I think they're in China, they launching the the model yl um who
knows if they'll do that in america and you know what what else they'll launch but um and i think
they just launched the model three rear-wheel drive with like 515 miles which is insane um in
china and so it's just it's you know that's really what this is about is that, you know, you have a company that has been through, it was the most shorted company in
American history for a time. I don't know if that's even been beaten now. You have a company
that again, you know, was literally weeks from dying at the model three production. And then
you add the, the Elon factor to this, which is, you know, the guy here he is, what, 53, 54.
And the dude is still cranking like he's like 25.
And and part of the even the Elon ecosystem is the fact that he can step into the, you know, the batter's box, whatever you want to call it.
And it brings this, you know, it brings the best talent in the world that want to work for him that may not be coming there just to work for money.
They want to actually be working for the greatest visionary of all time.
You're roboting on me just a little bit sorry you can't hear me
there now you're back it really wanted that last sentence that you were getting out there yeah yeah
like you see the you see um you know all of elon's companies um you know benefiting each other as
grok is being integrated into the car, eventually integrated into potentially
the robot, also being integrated into Neuralink. You have a lot of Tesla employees who also work
at SpaceX and vice versa. So you have people that can literally build a rocket that can become
reusable, engineering the vehicles and the way that they're made and vice versa.
Because I've seen, I think, even parts of the Model S being integrated into the Raptor
engines at SpaceX.
So there's a lot of things like that that you just get.
And I think it is very exciting.
I was happy to see that the Tesla board came out to make sure that Elon is taken care of
for the next couple of years.
And hopefully, we won't even need that. If things get appealed in Delaware,
we'll find out more. It's just an ongoing situation. But there's no one more exciting
to be following, to be watching, to be supporting than Elon is right now. And I mean, he stated for
the longest time, he's wanted to avoid getting into AI, and then
realized he's like, I can either be a spectator or make it happen. You know, when he realized that
it was just going to happen no matter what. So and the funny thing is, he was, you know,
no one was thinking really of AI when he was, you know, trying to tackle autonomy. And then
obviously, next thing you know, they're using pure vision, which is, you know, utilizing the neural network. And so, and just being able to tackle AI through that,
and then now, okay, they're, they're doing it in probably one of the most engineering,
hardest engineering problems to tackle, which is, you know, autonomy. And then now it's like,
I'm not saying that, you know, chat bots and, you know,
video AI is easier. But I mean, you're talking about they they're creating something like in
tandem with XAI and Grok, and then the fully autonomous cars and robots. So I think, you know,
it's a compounding factor that you have. And, and then you have things where it's like, because of
all this, where you have these amazing events that are happening. Obviously, one that's happening
in Pikes Peak in Colorado, you know, in a week or two. And, and then we just put on the largest one,
really, that happens in the world, but it also takes place in other parts of the world as well,
which is the X takeover and Tesla takeover. And, you know, again, you ask,
like, why are you doing all this? Why? Just because it's one of those things that all of the five
things or whatever I listed before. And so it's just, you know, exciting to be a part of this.
And again, Elon isn't perfect. You know, he has his shortcomings, as we all do. But, you know, on the whole, where he's going and the
people that he's taking with them is very exciting. And so seeing that being a part of that,
you know, there's there, as he says, a lot of times there, there really isn't a more exciting
time to be alive than now. I mean, when you think of the whole internet, internet boom,
this AI boom is going to be 10x that.
Like, I'm seeing, I live in the Silicon Valley, and I'm seeing it right now.
And it's very exciting, but also very scary.
I mean, and people, I think us here, you know, we're probably more on the early adopter side
because, you know, we're playing with the AIs and things like that.
But people have no idea how every industry is going to be completely changed.
And the crazy thing is, is that, you know, Tesla, XAI, SpaceX, they're all changing in a part of,
you know, all of these breakthroughs. And so again, it's just, it's one of those things where,
you know, being a part of, you know, the Tesla community. And we always say, right,
the best part of being a Tesla owner is not the car itself. It's the community. I mean,
when was the last time you talked to someone at the gas station versus a Tesla owner at the
charging station? And who else is going to, you know, volunteer to throw on these insane,
insanely big events? And so, and with all of that, the great thing is too, is Elon leans into the community and the people. He's always been focused on the retail investors, especially when, you know, the legacy analysts would, Wall Street analysts would be asking these dumb questions, you know, like shout out to Gally and some of these other guys who were kind of the early people just asking the questions he was interested in because they could see his vision versus, you know,
people stuck on like what the rolling 12 months looks like.
You know, this guy's talking about what the next five to 10 years look like, if not longer.
So, yeah, that's a long statement.
So I'll shut up.
I thought that was amazing, actually, John, I appreciate you sharing that in the take on
the cult side of things, because it does get that like nomenclature, right? But it makes sense. And
the way you just ran down through those different pieces, that was incredible. I actually, I really
appreciate you sharing that. We'll definitely come back around. Gav, I saw you popped up here
with us. Glad you could join us this afternoon. We had a few people and shared some different
thoughts and stuff going on. We hadn't really dove into any news or anything, but just had
some beautiful conversations so far. I haven't heard from Kim yet either, but Gav, what's going
on in your world? Yeah, so there was some interesting stuff that I was looking at. I do think that this would constitute as news. I believe that this was a quote tweet from Farzad that came out yesterday,
and this was maybe a day or two ago. And this was kind of in response to a comment that Elon made
in regards to the rollout of RoboTaxi and what would need to happen for this to be possible
by next month. So I believe that Elon had a comment. Here we go.
And I think that he responded to you as well, John, where he said, we're working as quickly
as possible to get 100 plus Tesla operating, Tesla's operating for autonomous ride hailing.
And then he said, can't use the word taxi or cab in California in the Bay Area and allow anyone
to request a ride. So there's like a back and forth here that I think that Farzad was going over, which is where is this big rollout going to happen? And this was because of a comment
that Elon made saying that in about a month, there was going to be a much larger, here we go.
So this was a reply that Elon did to Michael Roth. And he said, if Robotaxi is working so great from
videos, then why do you still need a special invite to get the app and try the service?
Don't freak. I'm not trolling, just asking.
And Elon responded and said it will be open access next month.
And then Farzad was saying, is this Austin, Cali, or both?
And so he put out like a big message saying, Ari Robotaxi, I think he means California.
Because it would be insane if Tesla goes open access in Austin next month.
That means that their safety data is beyond great, because here is basically his thought
process.
We'll prove out the entire AI thesis, throw insane compute at the problem so that the
super efficient inference chip can drive a car and we can prove inference and train and
compute performance goes up as long as they keep the hallucinations down, aka accidents,
to be significantly less than human driving.
They're going to win so hard.
So I think his thought process, though, was like, what is going to happen?
If they were to roll this out into Austin, right, you would need 100 robo-taxis, probably closer to 200 for that geofence demand.
Waymo right now has 100-ish robo-taxis, but you can only get them through Uber.
So it's kind of random.
So there's a little bit less demand that they have to necessarily satiate. And they're priced at two times
where RoboTaxi is priced at right now, even though the Waymo GFN is a little bit bigger
in size. And so Tesla basically would need to 20X their current fleet in 45 days
or so without a driver. And if they were to keep a safety driver, they would need to hire about 400
people, right? 200 cars with two shifts in one location. And if your safety driver data is so
good, they don't need those people. Why would you hire 400 when it's likely that like they wouldn't
be able to train and launch for another month, and then you're just going to fire them, right?
And so this is like a whole back and forth scenario here. But basically, I think that what it comes down to is that we're looking for a big
rollout in Cali. Right. A hundred plus robo taxis. And, you know, Elon kind of confirming that when
he said you can't say taxi or cab in California. So it just seems like it's going to become open
access, a hundred plus test list. And this is just a huge jump, right?
Right now in Austin, you're looking at 11 robo taxis, I believe, still around that number.
So 10x from there, potentially, you know, he's saying 100 plus could be a 20x in short time.
And this is the power of every car just being able to roll off of the line and be a robo taxi, right?
At the end of the day, if your software is equipped across the board, there's really not much difference between those and some of the line and be a robo taxi right at the end of the day if your software is equipped
across the board there's really not much difference between those and some of the regular cars now i
know that there was you know some stuff for the backseat driver with a better screen a couple
other pieces but the actual software itself does seem pretty much ready to go and so nick cruz
patain also put out a post yesterday tesla robo taxiaxi Geofence Maps to Scale for the Bay Area right
there and for Austin. So I thought that that was pretty good to be able to see kind of them side
by side. And that barrier one is just, it seems so much larger in my eyes right now to where the
other one is. So they just seem pretty, pretty big on these sides. So yeah, it's exciting.
I mean, it seems like Tesla just basically has the confidence that they're going to be able to
mass roll out within 45 days, like he said, right? I mean, we don't know exactly when in September,
I guess he's leaning towards, you know, end of September, but it could even be beginning of
September, which is as soon as three weeks from now. And that's crazy. So for me, I think it's
a pretty pivotal point. Again, I've been saying it.
The stock is trading at the same place where it was five years ago,
but the cars drive themselves now, and so that's a pretty big difference.
I mean, there's some live news right now that just came out.
Couldn't find the source on this just yet.
I'm looking for it, but Tesla is willing to pay up to $33.66 an hour
for robo-taxi test operators in New York City.
Ooh, there you go.
Expanding to New York already.
And so, you know, this was a conversation that we had with Hamid the other day, which was Waymo, just the reason that they're going to lose this battle is just how slow they move.
And they've moved so slow for, you know, decade plus, right, really at this point. And just their rollout, they just do not move quick. They've
gotten to five cities and they've been expanding more recently. But Tesla is going to be in five
cities within, what, 90 days to 180 days of rollout here. So that's pretty crazy. So yeah,
New York, there you go with it. People have coming in and they're doing it in these highly
densely populated cities, which make for so much good data and use cases. Right. The more that these
drivers actually go around and drive, the more training data that you're going to have and the
more impressive it's going to continue to get. It's really similar to just like anybody in the
audience. Right. If you've ever gone and tried to play a sport. Right. Or anything like that.
You know, your your brain trains over time and you got better and better and better as the years
went by. But you were only a single person.
Think about if you had a network.
Think about if there were a thousand of you, right, that were going out and doing something
every single day and then all of you were learning from each other.
You could master sports and techniques.
You could learn piano in a day, right?
And then think about if it's not a human brain, but it's instead an artificial intelligence
brain.
And we're getting to the point where you can now predict how the brain is going to think, which allows you to build the brain, right?
They're teamed up with all the right players in the game. I mean, he has a relationship with
Jensen and others. So to me, it just seems like it's culminating. And I don't think people see
it coming. I mean, I know that they don't see it coming because the stock's down 13% year to date.
And to me, that's a public indication of how much the public thinks about this, right,
and knows about it. And so it gets me pretty excited. I added more Tesla within the past week,
shifted some gains from other areas over there just to see it still lagging at the moment.
And I'm pretty excited about its future. I mean, it's still a trillion dollar company as well,
company as well, rightfully so, but it's in really a closer...NVIDIA is a $4 trillion company.
It doesn't...and obviously Tesla's not out there selling GPUs and these data centers and
pieces like that, so they're not getting the revenues from them, but the industries are
not as far apart as I think people are making them out to be or think about in their head.
So those are kind of some of the pieces that I would go over there. Ryan, you got any thoughts on some of what I covered?
Yeah, I think you hit on some great things like really just Nvidia and Tesla are both
leading in this. They're ushering in this new world of AI. And Elon always talks about
how Tesla is the leader in real world AI. And
I think that's totally true. Like there are so many companies that have developed these
language models that are performing real digital tasks that people use every day, but Tesla
is doing everything in the physical world. So if you want your robot, you like you literally
just prompt your robot in the form of a robo taxi
to come and pick you up and drop you off wherever you need it to go and the cost of that is going
to be super cheap like waymo did a lot of good things with uh you know going into these different
geographies and making sure that they were able to get through some regulation to open up their service.
And Tesla's fortunately benefiting from some of that.
So that's part of the reason they're able to move faster.
But I think you're right that they actually do just move faster.
And a large part of it is because they have the infrastructure to support that.
They have plenty of vehicles on the road.
They have customer cars that they'll also be
able to access in the future and they have manufacturing at scale like they have the
ability to produce these vehicles rather than go buy vehicles like the jaguar ipace was being
purchased before and then waymo would have to retrofit it then they have to go to the geography
and train but instead Tesla is already accumulating data every single day from all the customer cars
that the customers paid for so they're getting that data basically for free plus they have the
ability to scale rapidly I mean like 100 vehicles is not that crazy. They'll be able to do that.
They produce that, I think, every day by a lot. I mean, easily. So,
I mean, I think really they'll be able to scale this quite quickly. And then if we get regulation
at the federal level that allows this for robo-taxis to operate across state lines,
then, I mean, really just the floodgates open up.
And I think this is going to happen.
My guess would be, like, you kind of talked about how you think that this is likely going
to happen in California before Austin.
It wouldn't surprise me if it actually happens in Austin first, but I suppose, like, it just
wouldn't surprise me either direction because like for
example waymo has robotech has their um self-driving service operating in the greater phoenix area
they also have it in california uh they are also part of the uber network in austin so it wouldn't surprise me if Tesla has all of these open up at any given time before year end.
And, you know, we have a lot of this pull forward in Q3 with all the vehicles being delivered to customers.
So if they really want to have a lot of vehicles that are being manufactured for Robotaxi,
they could probably do that because so much of the demand has been pulled forward in Q3 and then Q4, they're just going to have a lot of ability to produce this extra supply.
And that supply will go to demand for Robotaxi rather than the customers.
Yeah, yeah, I'm on the same page with that.
And I see more people like tweeting and talking about this
supply and demand is going to be a big part of this i think as you roll out you really want to
do you know especially if you make it open access you want to make sure people are going to have a
positive experience at the end of the day um somebody i know i was i think we had a space
last week and someone was like hey well the teslas are nicer and you know it's a better experience
because there's nobody in the driver's seat and stuff like that. I just think right now
that at the end of the day, people are more, if it's double the price and it takes twice as long
to come, I don't think that they're going to wait. I don't think that they're going to be,
like maybe the super fans will, right? But the average person is going to say,
no, I'm not waiting 15 minutes, right? I'm paying an extra $10 so that I can ride
in the robotaxi. I'm just going to take the Waymo. I'm just going to take Uber, right? I'm just going
to take Lyft. Like you have so many options that you have to compete with those options from a
price of price point and timing. And so when you roll out to open access, you can't do it with 11
cars. You can't do it with 50 cars, in my opinion. It might even be difficult with 100
cars. And so you have to actually double down on these things and say, hey, we have a strategy in
place which is really going to take this to the next level with 150, 200 cars. The pricing is
there. The systems are adept, right? And there's more to it with building out a robot taxi system
than there is with just the car driving, right? There's the actual matching of people. Like Uber has, and other, you know, companies just have a lead in this area.
This is proprietary data that they do not share, right? When it comes to building out your system
and matching and, you know, driver feedback, right? Like there's all these people who are
now going to be driving, or I guess like all these cars that are driving. And then like,
I don't know how they're going to do ratings right with this,
like in stuff like that.
I don't understand exactly how they're going to get the feedback from some people. Ryan, can you talk to that? Like right now,
I know that you couldn't tip when you get out of the car,
but how much feedback can you truly give on like your experience?
Can you point out like, Oh, you know,
it made this turn wrong or something like that.
I haven't looked deep into the app. Have you seen that?
I haven't looked deep in the app. Have you seen that? I haven't looked deep in the app,
but I do think, you know,
because there's currently a safety monitor,
they can provide some of that feedback there.
There's also a way to call into support.
So, I mean, really the thing that I'm thinking of
when you were talking about the scale,
like to get to a hundred cars, I do think they're gonna have to do that in order to have a viable service that is compelling.
But once they do, they're going to be able to offer this cheaper and with lower wait times than Waymo, Uber, Lyft, any of the competitors by far.
any of the competitors by far and and and when they get to a thousand vehicles which they're
going to be easily able to do much more easily than Waymo can then they're going to be able to
compete very aggressively on price very aggressively on wait times and on safety and I think at the
beginning the data will show that the safety is much better in a
Tesla than some of these other vehicles. But I think in the longer term, the margins on safety
become so close that people don't really care so much. Like they're just going to be so much better
than a human driver. And so whether you're in a waymo that's self-driving or a tesla that's self-driving you're still going to have a great experience so i think the safety aspect isn't
going to be as much of a differentiator amongst self-driving technologies as the wait times and
the price and because tesla is going to have so many more vehicles and they have so much more
training data and they're able to manufacture these vehicles at such a lower cost, then I just don't see how Waymo gets to a place where they're competing anywhere close on price
or wait times. Yeah. I mean, I'll go to the hand up, but I talked about this with Sawyer. I believe
on one of the latest episodes of the Gigacast and I encourage everyone to tune in. We're going to
record another episode tomorrow of the giga cast but one of the
big things here is like you do have to be somewhat careful as you expand because having the capacity
to expand and then rapidly expanding without accidents are two different things and it's not
like if one test was perfect that they're all going to be perfect right as they drive around
so yes tesla could recreate the entire waymo fleet in like five hours inside their factories, right?
But that's not the problem here.
The problem is, you know, a single car driving around,
yeah, 11 cars driving around might be safer on average
than, you know, humans driving and Waymos or whatever it is, right?
But as you scale that number, it's not like you stay at the same percentage.
You basically now take that very small percentage
and you're starting to increase it, right? And multiply it out by how many cars
you have on the road. So let's say you had a 1% chance of a car getting in an accident when there
were 11 cars, just very arbitrary numbers, not saying that these are the numbers at all.
When you go to 200 cars, it's going to be now a larger percentage chance just because there's
more variables, there's more cars, there's a larger percentage chance just because there's more variables.
There's more cars.
There's a larger geofence.
There's more unique situations.
There's things you can't predict with car crashes, whether it's a deer or a squirrel or who freaking knows what it is.
You just introduce more variables because this is the real world.
It's not testing simulations.
And so you have to be careful because the last thing that Tesla needs, and the thing
that truly would hurt the stock, is a fatality, right?
And that's like the end-all be-all that you cannot have happen.
And so you have to roll things out in a slower fashion, right, in order to be proper with that.
And so everybody's going to look at it and go, oh, they're not scaling fast with a piece like this.
But in my opinion, they're scaling plenty fast, right?
I'd rather than prove out the model, scale maybe,
you know, at these pieces. And that's why it is so interesting that Elon's saying open access in September, because what he's saying with that is we have such heavy confidence in our data sets
and in our safety of these vehicles that we can expand and we can take those risks. And we still
are incredibly confident that we're not going to have those issues. And so that's where I think seeing that gives me the confidence.
They are right now is the time to double down on my Tesla position because there's something that Tesla has internally that the public is not seeing.
Right. And they're starting to hint at that. Uzi Obie, what's going on?
And nice to meet you, Gav. I think moving back a little bit, I'd also say like Waymo does have like a pricing premium.
And part of that is because it's an autonomous vehicle and people on average do not want to deal with a human driver.
And there's many reasons for that being the case.
But I think, I don't know if you saw the post that went viral a couple of days ago.
I could pin them up.
I have them.
Um, but the pricing premium and, um, it Francisco, of course, which is what I'm citing, but pricing
premium and the share of rides, Waymo surpassing lift. And so I think increasingly the case will
become, and I think this is something we've been doing, it's going to be Waymo against Tesla. So
I think you guys are in the right spot with this conversation I think the future is at least for a taxi it will be
autonomous and yeah there'll be a lot of um you know external variables you don't want any deaths
and I think that's what Waymo leans into the most um you know the lady CEO of Waymo, she's very focused on safety. She's kind of the PR face.
And I saw in a couple of interviews, her angle is safety. And that's what Waymo is going to drum up.
Waymo is able to have 13 to 17-year-olds or 12 to 17-year-olds in their cars.
And the backbone of that deal is, is being safe.
But, you know, I think that that comes at a cost of, um, access and being on the freeway
and et cetera.
So, yeah, I do think what Ryan's saying though, with, um, cost per car, I mean, Tesla, Tesla
takes like 1% of the, the cars produced per year.
That's about 20,000 cars.
Waymo's fleet, I think it was around 2,000 when I last thought about this.
Maybe it's like 3,000.
We'd have 10x Waymo in a year.
So having the cars on the road isn't the problem.
It's really just deploying them on scale, tracking them and making sure
there's no accidents. And I think, Gab, you make a great point that Tesla sees something.
Part of the problem is that we don't know. We're just in the dark on so much of this.
And so how are we to know? It's very hard as an investor to say, this is the time.
There's a couple of things, right? Like increasing the geofence and removing the safety driver, which hasn't happened,
and making it open to the general public.
And so, yeah, I think betting based on those signals makes a lot of sense.
I think cars on the road is amongst them.
And that's the data point I'd like to know the most is how many cars does Tesla have within the geofence? And how are they like, are they able to manage whatever, because you're right, you want a high density of cars per person, bring down costs and lower wait times.
I would agree with you. And I know that we got to wrap up here in just a minute or two on the
conversation. But I think one of the last things that I would say for it is just one of the things
that I'm hoping come sooner. And this is obviously gonna take a lot longer. But the one nice thing
about having a person in the car is if you do need some type of help, whether that's, you know,
for people with luggage, whether it's for people with like, I actually had like a great Uber driver.
I was in Vegas last week, I was with my fiance, we had a great uber driver um I was in Vegas last
week I was with my fiance we had a ton of luggage and I got to the Airbnb and it was a third story
Airbnb and the uber driver put you know all the bags in the car when we first came from the airport
and then he unloaded everything and then he actually helped me bring the bags up to the
third floor and so that was very nice and so that's where long-term optimist comes into play
we need an optimist in every robo taxi uh trunk and it's got to get out and do all that stuff for me.
That's that's the play for me personally. That's what I hope ends up happening.
But I just think because like transparently, like it would have been very difficult for my fiance if she was just alone.
I could do it, but like I could see cases where people can't land and I'll give you a final comment and then we'll roll into this next chat.
can't land and I'll give you a final comment and then we'll roll into this next shot.
Nobody focuses on safety more than Tesla. And we can go to Elon's words here and we can go to the
action of creating the world's safest cars as tested and proven around the world by governments
and safety companies. Well, those are the vehicles that you're riding in when you ride in a Tesla Robotaxi.
You're riding in a brand new 2026 Tesla Model Y
that's exactly the same as the ones
that are coming off the production line per Elon Musk.
And we also have Elon telling us a month ago
before the Robotaxi started for the early access folks,
he says, we believe, we strongly believe that we could put out 1,000 cars right now into the Robotaxi
network or more. We could put out thousands of cars, but we want to be extremely focused on
safety here. We are going to be safer than we think. We want to go slower than anybody wants us
to go. And yes, there's still a person in the car in both of the cities, and Waymo had a person in
the car for a year or more, so we're not even approaching how long Waymo has had a person in
the car. Tesla is focusing on safety for Robotaxi, just like they do in our consumer cars. Thank you.
Really good points. Appreciate the entire Tesla crew. Ryan, I'll turn it back over to you. I know
you got some fresh faces coming up, but as always, Tesla Tuesdays, 12 p.m. Eastern on Tuesdays. Gigacast will record tomorrow. Shout out to Landon, Ryan, Uzi, Kim, everybody
that's been a part of this conversation. And Ryan, I'll turn it over to you if you want to update that
title and roll in our next chatter. Yeah, absolutely. Big shout out to the entire Tesla
crew. Always, always, always a great, great space with them.
And we have a great chat coming up now
for the next hour here.
We're gonna do a little deep dive into XBO.
And I'm excited to learn a whole lot more about this.
There's some really exciting things happening
over with XBO right now.
And so this is perfect timing.
I've got some great friends coming up here
on the stage as well.
Just sent that XBO account there, the co-host as well. I believe, is it Lior? well. I just sent that XBO account there,
the co-host as well. I believe, is it Lior? Who do we have behind that XBO account today?
Yes. Hi. How are you? There he is. How are you? Good, good. Thank you for having me.
Yeah, doing well. A little bit hard to hear you.
I don't know if maybe you can get a little bit closer to the microphone there.
Just a little bit distant there.
Lior, am I pronouncing that correct?
Yes.
Is it better now?
Perfect.
It's a little bit better.
It sounds like an echo.
Maybe like it's coming through a laptop microphone or something.
I'm not sure if you have another one or maybe a different device that
we could get you on but i can hear you and we can go ahead and jump into it a little bit here
the webcam would be okay
perfect yeah i think we can hear you okay we'll give it a shot here and if not we can always try
to reset with a different device but uh weior, excited to have you on here,
excited to find out more about XBO.
Just first off, maybe for the audience
and to kick us off in this conversation,
just give us an introduction.
What is XBO?
Tell us a little bit about it, what it does,
what are you guys working on over there?
And just a brief introduction here.
Yes, sure.
So my name is Guil, hi.
I'm one of the founding team of xbo.com.
XBO is a crypto exchange.
We basically launched it three years ago, over three years ago.
We developed it in-house, so we started like on 21 and then xpo basically launched with the idea
to become a simple user-friendly crypto change we saw the market booming at the time before the
before the bear hit and then we saw the crypto reduction still low and we have a lot of years of experience,
the founding team in general and me specifically in the fintech industry,
in all kinds of trading domains. And we also have experience in gaming and gambling.
So we thought about how we can basically support the crypto adoption and create a more user-friendly and transparent experience with the crypto trading and the crypto domain in general.
So we started into this project of developing the crypto exchange and everything was developing out in a very scalable way, with a very big and agile reality team.
And we launched it successfully right after the bear market.
And then we needed to pivot.
So we pivot dramatically into the corporate market
dramatically into the corporate market and found in the institutional and in
the corporate crypto market huge opportunities and liquidity so this is
where we focused on doing the first two years and in the last two years we
basically running on both verticals.
We have the corporate division and we have the retail division.
Our aim is still the same, providing a user-friendly, scalable crypto experience for our users,
to have it rewarding, to have it one ecosystem.
And that's pretty much it in a nutshell, I guess.
Yeah, beautiful introduction there, Lior.
I appreciate that.
So tell me a little bit about yourself.
What was your journey to get to where you are now
and how XBO became a reality?
I love hearing kind of what it is,
but I'm really big on hearing what's the backstory?
What made Lior who he is and what brought XBO to life here?
All right. We'll dig into detail. Okay. So I, well, I started my professional experience,
Well, I started my professional experience, let's call it this way, in an algo trading company, a big algo trading company in Israel.
And this is basically where I started learning about the product management technology and trading all combined.
all combined.
It's an amazing company, Cosfinal.
I don't know if you heard about it,
but it's one of the leading
algorithmic companies in the world.
And this is basically where my school,
a lot of it.
There's bright people over there
and huge technology,
and they used AI and machine learning
when, you know, over 15 years ago so it was
amazing place to start and I spent eight years and then I decided I want to switch into the b2c market
and I joined the gambling company called the 80 day traded in the LSE
a gambling company called 80 day,
traded in the LLC.
And there I got exposed into the B2C
and the gaming experience and everything related
to the payments and user experience.
And after that, I got an offer to basically develop a platform for a worker.
And out of this, actually, I met my co-founding team, amazing team that we are working together over seven years.
And that's basically how we got into SPO. I mean, we got into the crypto market and we saw the enthusiasm and the opportunities.
And we said, okay, let's start a crypto exchange.
I know it sounds, you know, looking looking backwards it's a very ambitious goal
i had no idea it would be so dramatic and so
so very very very hard let's call it this way especially when we all the plans change you
know we planned into the retail market and then all the crypto markets collapsed there was no
retail market and we needed to basically gamble on the corporate market on the institutional and
the liquidity and to find another domain that we had no idea that actually exists. And so it was a lot of rollercoaster.
I guess my story is not really different than any other startups, right, in a way.
So it was amazing, right?
But it was a rollercoaster.
And now we are still in the roller coaster but in a much
in a much better way i guess
i love that leor and i and i love how i can actually hear somebody that that really cares
about something right something that they've dedicated their life to and and it really oozes
out of your voice there.
So that was a beautiful statement.
Tropic's hand went up there.
I'm going to pass the mic over to him and see what's on his mind.
Thank you. Appreciate it.
Yeah, really cool.
And as far as the name,
that's the first thing that kind of jumped out to me.
A great short domain name, which is cool.
But does xbo stand
for anything if so what does it stand for no no it's a very cool short domain that we managed to
found uh the you know the founder just um managed to destroy it fell in love with the
selling up with the domain and we bought it. It was a very expensive domain at the time.
We feel that the domain now is very much a thing. Four or five years ago when we bought it,
I mean, it wasn't so obvious. But no, we just love the domain and we thought it's going to be a good name for a crypto exchange.
Well, you're definitely in the right place.
I don't have anything more exciting or interesting to say about it, but it is what it is.
No, it's all good. It is a very good domain.
It's the first thing that jumped out
to me and i just got to say you're in the right place because elon absolutely loves the letter x
so yeah good place to uh do all the uh promotions and so forth but um what i would say though as far
as you know this exchange because there's there's so many exchanges out there what have you uh do
you have a particular uh a profile of type of trader that
you're going to or i shouldn't even say trader because it could be a long-term investor the
person the profile of the the ideal user that you're trying to target for this exchange what
does that look like yeah so so that's a great question because as we all know, the market is full with giants such as Binance and Bybit and OKEx and
Mandan.
You know, there's a lot of giants out there and they were already on the market for users.
So the question is why are we different or what are we trying to be different? So as I said, we are very much familiar with all the other crypto exchanges out there.
Some of them I'm really inspired by them, admire them even.
But our idea was and still there is a place in the market for each one of us. So I'm not trying to compete in Binance in everything, or OKEx or any other.
My mission is to provide the best user experience, transparency, security and rewarding experience to our user. So I'm not necessarily the best in everything, but I will try to be the best
in those domains. And my target is to increase crypto adoption. So I'm not looking, if you are
a fund that trades millions or an algo trading company like the one I used to have, probably
I'm not your crypto exchange.
But if you, we're talking about increasing the crypto adoption and introducing crypto
markets into the mass audience.
So if you are a beginner, if you are a retailer, even if you are a professional trader, you can still find a home and you will have the tailored user experience in XBO.
It's easy to start and it's easy to progress.
You have all the facilities and all the instruments and all the ecosystems that the big ones have.
So we have all the trading and the futures and we are in stocks
and you have the card and you have the earned programs so you are able to invest you are able
to trade but you have it in a very simple way you have it in a way which is self-adventory where it's transparent and we are also changing all the time. Our platform is basically
changed and developed all the domains and new domains. We are very much a
community first approach, let's call it this way, in a way that we are very
oriented into what our audience are saying, our feedbacks about, we get it from the community,
whether it's Telegram, whether it's our support channels,
whether it's anything else, and we are looking to get it
because those feedbacks will drive us to be this,
this user experience, user-friendly crypto exchange,
because it's an ongoing process.
There are things that we are doing very, very well,
and there are things that we are still looking to improve
and looking to advance.
And that's why we are launching now the XBO token,
supposed to be the heart of our ecosystem
and to basically bring to life this whole vision of a rewarding
crypto exchange with rewarding experience and that's part of the tool actually that
will allow us to do it or to manifest it.
it or manifest it.
Really interesting stuff there.
And before I pass the mic,
because there's a lot of other people up here that will have some great,
great questions, but since you just brought this up,
I want to throw this in here before we move on from this.
So since we're launching this token,
what can you offer to a client that you couldn't do without the token?
So in other words, why are you launching this token?
Because certain people might not be necessarily familiar with a trading platform with a token and so forth.
So why are you doing that?
Okay, so as you said, what's the value in XBO tokens that without it we are unable to support?
So we do have a loyalty program in the crypto exchange. The loyalty program allows you all kinds of incentives, but it requires you also to do a journey. The XBO token, first of all, allows you to get benefits without doing a journey.
So if you want to get a discounted trading fee, and you want to get boosted and you want to get the card benefit, you want a lot of other benefits that we provide, including rewards for the community,
the XBO token allows you to receive them.
Regardless to it, we have also the EARN program for the XBO token.
So if you want to invest, if you take, for example, EARN programs for other coins like USDT or Ethereum or BTT. Okay, there's interest rates which are
different, right, from one to another and different plans. The HBO token allows you to buy the token and put it on an earn program for flex or
fixed periods and you can get more than 10% interest rate annually. So those are
huge advantages that we can provide to the community using the XBO token. Regardless to it, obviously XBO is expanding and growing in the last years,
and we are planning to continue and grow, obviously.
And we believe that while we keep growing,
the token itself will bring also additional value to our users and the token holders.
So basically creating a whole kind of rewarding ecosystem
for our users.
Interesting.
Yeah, really cool stuff.
It's a little, I guess you say a lot.
So that's something that you know we'd really have
to read up on and and see but yeah i really appreciate that answer um back to you amp i don't
know if uh who if there's other uh hands up there uh let me try to refresh my uh my screen here but
um yeah i'll circle back with some more questions afterwards for sure yeah absolutely great questions
there tropic uh leor i want to ask one one more kind of a follow-up question and then we'll go I'll circle back with some more questions afterwards for sure. Yeah, absolutely. Great questions there, Tropic.
Lior, I want to ask one more kind of a follow-up question,
and then we'll go over to Zet's hand there.
The crypto exchange space is very crowded today, right?
And so it seems like each new one that pops up,
they're trying to do different things that set them apart.
Some are doing that successfully.
I've seen some kind of, they stick their head out a little bit higher than others and then i've seen some that are just okay well it just looks like another crypto exchange tell me
what makes xpo different from these other exchanges that i see um what it's hard to say which kind of crypto exchange do you see.
But okay, I will start with stability.
First of all, XBO is a crypto exchange but it's also a very strong technology company. It's a big company, over 200 employees, most of it is the R&D center and the development
and the product development, which I'm very proud of.
We develop everything in us.
We have a huge technology stack, even though we don't use the even the technology of the machine engine and the
sport and everything is done enough so that's part of it that's why we are also
very keen on security on the certificate of the security that we are doing if we
have the SOC and the ISO and the PCI DSS and everything else that we are doing if we have the SOC and the ISO and the PCI DSS and everything else that we are
investing a lot in the last year financially and from the time and energy consuming. So first of
all is the security and scalability of the of the platform and part of it is also the regulation
which is also part of the security and the confidence to use it.
So we have in Europe a few Mika applications licenses,
along with other licenses like MSPIN Canada.
So this one under Mika now there's a lot of investment, Mika and Dora and you know there's a big discussion about it in the last year with all the conferences that we participated.
So I can already tell you that we can see a lot of players exiting the market, whether they're just exiting or just switching into the global domain,
let's call it this way. So Europe for sure is something that is changing as far as crypto
exchanges domain. As far as globally, we are very oriented on the global platform. So other than the security and the regulations,
we invest a lot on our product and the user experience.
You don't see a lot of,
or I don't see any of the other crypto exchanges
advancing the way we do.
You can correct me if I'm wrong,
but as far as even the sport trading, the future trading,
even within the functions of trading itself, it's expanding all the time. If we're talking about
rewards, the rewarding for the community, the engagement with the community, it's about the new product that we are adding.
Every quarter, you have a new product coming into the market.
So I think we have a very, very fast pace.
And we are, I do feel that we are just in the beginning.
So I think those things that we are still
quite young, I would say, as a crypto exchange, although it's been almost four years.
We're still young, we feel young, we have a lot to achieve, but we already achieved a lot.
And we are doing it not on one lab, which is the retail, but we are also very, very founded within the institutional market as well.
So I think it does give us a lot of added value
compared to other crypto exchanges,
just trying to engage in the retail
without real liquidity, without real backbone of institutional that we do have, along with
the API and all kinds of other tools that we have for the more professional traders.
So I think it's a combination of all of it, but most of it, I think it's a combination of all of it but most of it i think i mean everything i
said right now can be at the end stated that we are a very very strong team we are advancing very
very fast compared to the market and i think it's shown and we believe it will be continued to be
an impact on the market for the user company.
Yeah, I love that, Lior. That's perfect.
It sounds like you guys are right in that sweet spot of experience and built up a great foundation,
but you have a wonderful roadmap ahead of you as well.
So looking forward to everything that's coming out of XBO.
I know there's a lot
of things and you mentioned new features and stuff coming. I'm not going to hog the mic here. I've got
a lot more questions I can ask, but Zet, my man, Meta Zet down here with the best intro on all of
this app is going to jump in right here. Meta, what's on your mind today, Zet? Hey, Em, thank you so much.
Thanks for having me, Wolf, as always. How's everyone out there doing gmg a gn? It's a pleasure to be here
My name is that aka metazette because if you met me you met is it and like I said what a great conversation
XBO is very exciting. I'm a bull anything that wolf brings
I know they vetted and they've they've really looked into and so that's why I always love jumping in these spaces is because
I'm getting educated like every time so much information and alpha is being shared and I love getting um informed and and enlightened on things
such as XBO so um you know XBO's positioning itself like obviously is a user first exchange
and with the XBO token utilities like trading fee discounts I think I heard staking rewards and
uh things like that directly
benefit holders. But, uh, and, and this obviously like gives immediate value and everything,
um, combined, combined with the deflationary model from what I saw.
But I want to know, like this kind of bounces off of M's question, uh, and, and what sets you
apart and makes you different. I really want to know about the community. Cause I think that's
an important part. I heard you talk about the community and everything. What sets your
community apart? Like how have you been building the community? What kind of incentives and rewards
are there? And obviously there's some directive or incentive for them to stick around. So I want
to know kind of what that looks like long term with the community like what kind of incentives um are early adopters
and users gonna have um you know withholding and that sort of thing um and and kind of what's the
plan like who do you have running the whole community department and and what kind of memes
or culture have you seen anything or what what does surprise you the most you know seen out of this community element of xbo
okay so community obviously we started building the community from the ground
up we have our amazing marketing director that is managing all our community and partnership so she
she's amazing and she can probably explain to you more about our community
but I will try to reflect my knowledge but best of my ability right so as far
as the community we build it in telegram and on the social i think in a more
traditional way right we invented everything new but the relationship and led by merav
was based on the fact that we build a community we build a rewarding experience for our users
we build a rewarding experience for our users and we we do it while we
doing some kind of competitions with rewards all kind of rewards regarding to the token right
as far as in the platform itself we create the logical which allow our users to enjoy
all kinds of incentives even before we we had the token. Using the token and while we, you know,
developing the token and doing the pre-stale,
there were a lot of rewards, token rewards,
and airdrops that was already given to the community.
In general, if you check the white paper,
you will see that a lot of the token itself,
basically more than 50%, is going into the community back in the shape of the world.
So, what we are getting from the community is price less in a way that we are continuously getting feedback about how to improve the
exchange, what will improve their user experience and it's priceless because at
the end the platform and the product is all about users. So as much as I want to
say that I'm doing great, I'm not the user and this is something that i always speak about
when they ask me and although you know it and in my origin i am a product manager and i come from
and i do believe you're breaking up a bit ah sorry now it's better
You're breaking up a bit.
Sorry, now it's better?
Yeah, it sounds a little better.
Yep.
A little better.
I can switch to the earphones, but I prefer not to switch in the middle of the stage.
So I come from a world of product development.
This is my bread and butter, but every product manager and every
developer needs to know that we are not the user. As much as I like to say that
we are doing great, we are not perfect, we never are, because the user
also changes and the market also continues to change. So even when we
develop our products, even when we think that
we finish with some kind of a vertical, we always keen on hearing the feedback and changing
things around because it's very flexible. So we are very relying on our community to give us those feedbacks and we are very quick
on responding to those.
I hope that you...
Yeah, thank you.
Yeah, thanks so much, Lear.
You know, just real quick, one more quick question.
And I'm sure I missed this.
I was having trouble hearing just a little bit earlier, but I think it's important if so um if you could just quickly touch on this with the xbo token set
to list on a a sex this 18th right august 18th can you share which exchanges you're targeting and
how you plan to ensure liquidity and price stability post listing given the volatility we often see with new launches for tokens yes so
yes the xbo token and the teacher is august 18 and it's um well lifting it right now only on our
exchange um it's get the taking awards and the fee discounts and the end products which are the most significant benefits I think right now for our users.
The listing technology and the market making technology is backbone by our R&D. Obviously the token itself is audited and everything is very much transparent in
the tokenomics and the white papers. As far as the price stability, obviously we are looking
on at the end the market of demand and supply. so we are working on increasing the demand using all those amazing utilities.
And as far as the supply, we have a very limited supply.
Most of the tokens are not in the stable agent supply,
and we are going to make sure that the order book and pricing will stay stable and obviously
we are saying that the more XPO will expand, the more users, the more demand there will
be for the token, the demand utility to bring value to our users
and the rewarding experience.
I'm not telling here any kind of hype or meme coin or whatever, that's not the point.
We are a crypto exchange and not a meme coin.
So the token is about value for a user and price
stability obviously is our exchange, it's our reputation, so the token circulation supply
will be very very limited. We are giving it only to whether you want to buy as a reward
or given it very very limited time according to the tokenomics. So I'm confident
the price will be stable and I'm confident that the more the demand will increase over time,
and the price will increase according. Awesome. Yeah, thanks so much. I'll throw it over to
Prometheus, our friend. Yes, just really quick before we go to Prometheus.
Sorry, I see your hand there, and I'll go to you right after.
But I just wanted to just throw in a quick question that would be pretty relevant to the audience that's here.
And, you know, then Prometheus, you can take it away afterwards.
But as far as the funding for the company, how was that started?
funding for the company uh how was that started because we didn't really touch that yet and i
Because we didn't really touch that yet.
know a lot of people in the audience especially traffic audience might be interested in how the
company was started where the funds came from and so forth yeah so uh interesting question so i i
talked in the beginning about the the roller coaster and you know how hard it is so as a startup we get help for everyone. XBO was self-funded, so we didn't put funds from any external funds or investors.
XBO was self-funded, we aimed for the retail, we got into the corporate so things got harder than we thought but luckily for us managed to overcome it
one year after we one year after we launched we already become comfortable
two years after we already returned all the loans like the owner's loan so
like the owners on. So that's our story. I guess it had a happy ending, but the beginning was very hard.
Pretty cool. I just love to hear how these companies are funded and how they're started.
And sometimes we miss that when we're in crypto conversations. But of course, over here, you know,
it's kind of really interesting to hear what's going on with the company. But yeah, Prometheus,
I'll pass it over to you. happy to have you on the mic yeah uh thanks for having me wolf
and xbo team great to meet you guys it's a very interesting project you've guys got going i mean
going. I mean, you know, we've had some very successful exchange launch tokens of late,
Hyperliquid to name, obviously BNB, the classics in this space. So good to see you guys coming in
and, you know, doing your thing as well. You know, I just tried to create an account here in the UK. You know, unfortunately,
they wouldn't let me. You know, what are the jurisdictions, first and foremost, you guys are
available in? And are you open to, you know, coming to here in the UK and getting clients here?
We'll happily help you with that, the way that's yeah that's a good
question actually uk is a very uh set spot for us um so actually xbo is you know we serve our
uh the audience is worldwide so we have europe and asia and latimam and beyond. It's the first time crypto buyers or even if it's professional,
it's multi-language support.
We are very global digital change.
UK specifically, unfortunately, it's not a MECA regulation.
it's not Europe, it's not considered Europe, and it's not supported globally. It has a very specific
It's not Europe.
It's not considered Europe.
And it's not supported globally.
requirement which are still unclear from the regulation perspective from our side.
Unfortunately, right now we can only support the institutional companies from UK.
I think it was a year ago, a a year and a half ago we were forced
to close all our retail activities within the UK unfortunately I also don't
have any clarity a about when can we engage in the retail market in UK again But we are accessible in Europe and Asia and Latam and all other countries besides the
US for example, which we don't have the license.
That's okay.
It's not just you.
You know, we've had a lot of unclarity from this ridiculous government of ours. And yeah, the financial conducting authority can be a pain.
As someone who's been in this space for almost eight years trying to make it here, it's very, very difficult.
It's quite the opposite of many other nations.
So in terms of like, okay, so we've got obviously like the most pro crypto um president in history in the united
states yeah and um lots of um you know regulations and clarity that's coming in so you know i i
noticed that you guys are teaming up with like also like football um and uh you know many other
kind of um dimensions so you know going forward what is xbo in this
unique environment you know like uh what are some um you know moves that you guys are making in
terms of like uh you know bringing more and more people to use your platform and to use crypto in
general yeah so uh thank you for actually pointing it out.
So we do have, I think, a fair to state, part of our engaging with our audience and the retail market.
So we did a partnership with AFA, the Argentina national football team.
It was a huge milestone for us.
It also was very demanding from the cost and energy and you know the team
attention to it but football has a massive global audience alpha fans base is crazy especially in
latin america but you know math is well known worldwide now also in the US obviously. So it's part of our strategic move to
expand right now it's more Latin America. In the United States we do have Trump to thank for,
right, for helping the whole crypto market booming and for sure all the regulation and all the rules that are now passing will
allow everyone to walk in more transparent the United States but it takes time.
I mean it takes time, we have the lawyers and the companies and the licensing and unfortunately
it takes time but we are patient, we are here for the long run so we there. It's just a matter of when.
Yeah, I love that attitude. Just a matter of when. Keep that attitude, absolutely.
No, Lior, I'm quite fascinated by XBO here and as someone who advises companies, especially in Web3 to develop their kind of differentiation edge, if you will,
develop their kind of differentiation edge, if you will. I'm curious to know what it is that you guys
are, you know, I know both kind of asked this question earlier in terms of like, what are
unique things by which you guys are differentiating yourselves? Before you answer, just to give you
an example, like for example, Cardano, you know, one of the, you know, major players in this
space who I'm advising as well, like we're looking into developing what we're calling
Crypt Towns, where they're using dedicated ADA and other kinds of solutions within that
space and also bringing in unique industry within that particular ecosystem, you know, because
you know, when you have unique goods and services within your economic ecosystem, that's I think what allows you to accrue value
long term. So I know you guys are primarily in exchange and you mentioned that you guys were doing
technology development, but yeah, I would love to hear your thoughts in that regard.
Yes, so that's that's a fair question and at the end we then we have a crypto change so our main
goal is to provide the best user experience and the best usage right for our users? So that's the main goal and we do it while trying to have a
rewarding experience as much as possible. So at the end you need to have the added
value, you need to have the product, you need to use the product in a way that
will be valuable for you and the rewarding experience is here to
reward you for using our plan. So it's a combination of both.
First of all, there are two ways to do it. The first one is that we are offering the
core trading and the futures trading and the earned product and everything which is
on paper not unique. If you're saying earned products, others have it as well.
The question is when you do the earned product, how well do you do it, right? What kind of programs
do you have? How easy to understand the yield that you are getting? How high the yield you are getting?
how high the yield you are getting, how easy is it to redeem those earned products.
So within this very generic name earned program, there's a lot of nuance and we
try to do the nuance in a very very friendly way. Okay, so if you are not from the crypto domain,
or not very experienced in the crypto domain,
or not a very tech savvy kind of guy,
you will still understand it, and you will still use it.
I have to say that I'm supposed to be
a more sophisticated user, right?
I'm in the fintech industry for a very long time.
I know trading in stocks and the more financial markets,
and I know crypto exchanges and I know crypto trading.
And still, when I'm going into crypto exchanges such as Binance and others, OKEx, Bybit, Devin, and trying to engage with them, it was intimidating for me.
And I'm considered a more sophisticated user, right?
So that was the whole point of XBO.
And that's what we are still trying to achieve in our platform so we still always try
to achieve the non-intimidating experience but the rewarding experience and the value for the user
you get the airport program that you are looking for it's easy to open it it's easy to redeem it
it's easy to understand where you're getting it and what you
are getting out of it. And this is just one example about the EARN format. In parallel to it, you're
saying where is the innovation? So we have all kinds of innovations which are not, you know, Tesla,
right? But it's innovation. We have a payment link. So if you want to make payment in crypto, you can just send the payment link to your
friend and let's say you want to share a meal, you are paying it and you can pay the crypto
card and send the payment link to your friend to pay you half of it. And all kinds of small, relatively small innovations that are basically here
to support and bring value to the user, not something that is maybe very, very dramatic,
but it's important for the day-to-day user. And this is what we are aiming. Of course, we have on the roadmap also the AI robots that we are
planning and working on and should be introduced later this year.
And we do have all kinds of other like the stock trading
and all kind of other cool products that are providing added value for the users. I can say we have it and others don't have it.
But I think,
again, from my perspective, the main focus, if we will be able to provide not only the
product itself but also a product that is easy to use and easy to show the value of what you are getting from it,
and you will be able to trust it and stay with it,
that will bring the crypto adoption to be higher,
which right now is very, very low.
And this is where we will win.
I mean, because right now the crypto industry is quite small.
And the biggest challenge is to get people to understand what is the advantage and what
is the value in being in the crypto market and why the crypto coins are a good investment
opportunity and why to invest in BTC or why to keep USDT instead of keeping the dollars
in the bank.
So all kinds of advantages that most of the population right now is blind
and i think our goal i think it's the market goal right but i think xpo is now focused on
having the crypto more accessible for everyone and this is this is what we're trying to achieve
This is what we're trying to achieve.
Excellent.
Yeah, Wolf, I saw you on me.
Go ahead.
I just wanted to quickly say, like, that's a I like that you're keeping that focus of, you know, just being a brilliant trading platform.
And I think you guys have, you know, very bright days ahead of you. Happy to help you, by the way, in terms of figuring out education and, you know, unique market fit.
So anyway, we'll come back over to you.
Thanks.
Thanks so much.
Great questions.
Really good back and forth there.
I feel like I was, like, taking a much deeper dive.
I'm so glad you came, Prometheus.
Appreciate you joining us this afternoon.
Lior, I have to ask you about the Argentina Football Association partnership and sponsorship
you guys have.
If anybody's out in the audience and curious here, you can go to xbo.com.
And one of the cool things as soon as you pull up xbo.com is you see Messi staring right
at you and two other argentinian football players tell
me about this partnership tell me about the push for for latin american uh markets as well what
what's going on here because there's i mean that peaked my i'm a big soccer guy so or we say soccer
over here i know football for a lot of the world um but what is uh what's going on here i i just piqued my interest a lot
uh yeah so so we have a we had a huge honor and to you know to be partnering with alpha
and it's a huge milestone and a huge opportunity that we got and we appreciate it and we love
we love the team we also have experience with them before
in other businesses that we had.
We're a huge fan.
They actually been there, you know,
in the famous Argentina-Brazil game.
It was part of the sponsorship
and we got this amazing game and everyone was you know
the energy is and that never saw anything like that in the stadium it was
crazy so it was like a story to game that we had the opportunity to experience
with the other team and people and the team luckily for us but so we do we do connect with the
alpha fan and the audience we are very very keen on the on Latin American
market Argentina has a huge crypto audience, which is very crypto friendly.
Obviously we can discuss why Argentina in the last years are very crypto friendly.
It's part of the government, part of it is also the financial status and the local currency, right? But in general we feel huge opportunity in LATAM and that's why the ARPA sponsorship came to us the effort, part of the energy that we are
putting into connecting with retail clients and basically getting them introduced with
XBO and what we are doing and how we are doing it.
And we see actually a very good potential
with it and we see very good
reactions from our
users and from Alpha fans.
So it was a great
opportunity for us.
Well, if we
know one thing about the Argentinian fans,
they are very, very passionate, and
they should be with, you know, the
World Cup trophy in their possession right now. Latin America, very, very passionate, and they should be with the World Cup trophy in their possession right now.
Latin America, very, very interesting.
I live in Mexico personally, very familiar with Latin America, and it does seem like there is kind of a hole there.
And so when I think about it from a company perspective, what you guys are doing here is beautiful.
It makes perfect sense to go after that.
What else are you guys doing to get the word out there?
I think this is absolutely fantastic when you partner with someone as large as the Argentinian national team.
What other things are you doing just globally, whether it's specific to a certain region outside of Latin America?
What other things are you doing to get XBO out to as many people as possible?
Well, it's a huge effort. It has a lot of verticals, how we are promoting and getting XBO out.
So we do it in different verticals. As we said, we have a community and activities within the community that Merav is doing and
it's a huge effort.
We have the marketing activities in general.
We have, you know, all kinds of branding activities and SEO and PR and, you know, all those more
traditional efforts.
We also have conferences that we are participating globally. Some of
it is related to the corporate, some of them related to the crypto market in general, and
something that we are trying to get people familiar with that. I think a lot of it, by
the way, we have a lot of referrals, a lot of users that are referring friends and family,
want to get to know us, so this is like a more organic network that is working very, very well for us.
At the end, even in the more traditional businesses, you know, word to mouth, something that is something that is work very very well yeah recommendation from a friend is something
that is always beat anything else and so we do have a referral program in the in the platform
that we reward users that are referring friends and it's something that is working very, very well for us.
Absolutely. A couple of quick questions here as we get close to the top of the hour, Lior. I just want to say big thanks for your time today and thanks for coming on, introducing us to XPO today.
Now that the token generation event has happened, the TGE, what is the best way for someone?
I saw that your pre-sell, I pinned this up top.
The pre-sell is officially closed from what I see up there.
What's the best way?
Somebody is interested.
They're saying, hey, this XBO sounds really great.
They're doing great things.
They're right in that kind of sweet spot of they built themselves up but they're just bursting onto the scene everywhere what's the best way for someone
to to get started if they want to maximize their xbo holdings if they want to get you know started
on the exchange is it just go to the website what's the best way for someone to get started
so it's very simple as xbo in general we are aiming to be. So after the TGE is August 18th,
after the TGE everyone who is the user can just go into the platform and you can buy on the spot
XBO tokens with zero fees. We have zero trading fees after the TGE for buying XBO tokens for a limited time.
Right now I don't have any end date for it, but obviously it will not be forever.
And then, so if you are not a user, just sign up, very short verification, email verification for verification and you can buy the token with
the zero trading fee after buying it you can just put it on the end program get the yield
and enjoy your investment I get it I love that it's it's so interesting seeing all these different projects get launched.
And, you know, when someone comes on and there's so much passion behind what they're doing and saying,
and they're hitting all the right boxes, it really piques my interest, Lior.
So I absolutely have loved this conversation.
Tell me in three words, what's the future of XBO?
Three words. what's the future of xpo uh three words you know there's a lot of um if you want to use four or two or
twelve like that's fine as well but i i love posing that question what just in
three words what does the future look like of xpo
well um well xpo is a bright future but if you want three words I will give you I'm
not sure it's the one you expected but I love three words which I heard as a kid
and always got stuck to me which is Italian it says Vinnie Bidivici you know You know them? Of course. This is the day.
Yes, very, very rich.
You know, Latin,
in the Roman Empire,
I came, I saw, I conquered, right?
So, three words for it.
I came, I saw, I conquered.
So, this is what we are aiming for.
We have a very, I believe we have a very bright future.
Again, I take on my team, our team, we have amazing team, we already have proven records of doing the impossible in a way we launched in the worst time ever we pivot very very
dramatically into the institutional corporate market we succeeded to be profitable one year
after we launched in the worst chances ever we developed a huge platform in a relatively short time. And we are not slowing down in any way,
so we are planning to conquer the crypto market.
Not in order to conquer something,
but at the end the goal is to increase the crypto adoption.
Increasing the crypto adoption, we believe, will bring value
to our users and to the industry itself.
And we want to be the biggest, we want to be the biggest, we want to be the best.
And we believe we'll get there.
I absolutely love that.
I don't know if I've ever heard a better just like slogan from anyone across.
We talked to obviously crypto companies we talked
to all kinds of publicly traded companies all across the board which you can imagine and and
that may be one of the best answers i've heard vinnie vidi vici i i came i saw i conquered vina
v vinci if you want spanish there uh which interestingly enough on xbo.com i see that
there's multiple languages on here,
Spanish, Portuguese, Turkish, Hindi, Italian, French, and Thai, as well as the base language
English on here. So very user friendly. Let me ask you that last question. Global users,
what type of user base do you guys have so far as you've grown this XPO? So we really have a very huge global audience.
I mean, we have it from all countries.
Other than the US and the UK that we are no longer allowed
and all kinds of very specific countries
that we are not targeting, whether it's risk
and restricted countries or whether it's because of regulation,
I would say most countries.
I mean, it's a long list, I have to say.
I love that.
It's beautiful.
Well, we are coming into right at the top of the hour, Lior.
What is one thing that you want to leave with our audience today?
We really appreciate your time.
I'll say thank you.
I'll say grazie if we want to go back to the Italian there real fast.
But Lior, what's your parting thoughts that you want to leave with the audience today?
And where can people find it?
Definitely, if you're in the audience, go in, follow that xbo.com account that you see up here on stage.
And where can they follow along to keep up with everything that you guys are doing?
Maybe get involved in the community?
So I have a very big community in the Telegram and Twitter.
I think those are the best places to catch up with us.
Anyway, if you go into SBO.com and sign up, become a user, You can see all the features, you can see all the
upcoming events. We have a support chat working 24-7, always available for you,
whether it's email, whether it's chat, whether it's telegram, whether it's WhatsApp, we try to be available as much as possible.
And again, if I want one thing to come out of it, first of all, thank you everyone for participating, for being here.
Thank you for joining and thank you for having me here, sorry,
and have me join this amazing conversation. We try to bring value for users. We try that
xbo.com would be a valuable platform for the users. So if you are looking to get value from
your crypto, whether it's trading or investment with a rewarding experience, we are here for you.
with the rewarding experience, we are here for you.
XBO token, I think it's a great opportunity for users that believe in XBO and want to be part of XBO,
then I highly recommend you to participate and buy the XBO tokens and invest it in the platform and that's it and thank you and i you
know wish everyone good luck in the crypto domain at the end i believe this is this is the future
everyone are going there and join the line
leor i appreciate you coming on today what a great conversation here over the last hour with
XBO. You can definitely go to xbo.com, find out a whole lot more. Also, we're going to have the
XBO team on our Wolf Crypto, Wolf Web 3 spaces as well. If you're looking for a little bit more
deep dive, definitely check that schedule because I know we're going to have some further
conversations with Leo and his team. So looking forward to that big thanks to everyone that tuned in big
thanks to Tropic co-hosting with me up here Prometheus Metazette I saw Ani joined us for a
little bit as well so thank you to our speakers and panelists that came on today and with that
I'm going to sign off this whole space was recorded you can listen back to the entire Tesla
hour and then of course in that second hour of the, what a great deep dive into xbo.com. Thanks everyone. We will
see you guys on our next space. Take care. Thank you.
