Hermes Protocol | Connecting everything & everyone in #Web3!🦾

Recorded: April 20, 2023 Duration: 1:04:28

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Okay, welcome everybody. I think we've got Sergio on the Hermes Prodskon. Mayna Kahn. Welcome.
Thank you, thank you. Happy to be here. Great to have you on. Right, I'll just do a quick introduction and then we can go into the Hermes Proce call project.
And well, welcome everybody for the Swirlcoin Talk spaces. I'm Glenley Hoaster. They're going to be joining us Sergio from Hermes Protocol. We'll be going into all the details around Hermes Protocol shortly, but before we start, can you introduce yourself and tell us about your journey so far in the crypto industry, Sergio?
Yeah, absolutely. So, I first found crypto a few, back a few years ago when Bitcoin was still around like 200 years or something like that. But I spent everything that I mines with my gaming computer back then.
And basically I only came back in a more serious manner where I took a deep dive into D5 in 2021 when basically Cara was just starting. So I found it when
anchor protocol was either almost launching or it had just launched so this was like back in February, March. Essentially that was the very early days of Luna, right? I mean by now everybody has heard of it, everybody either says, "Oh yeah, I'll
some money too or they say, "Oh, I'm not stupid." I didn't fall for that or something like that. But the matter of the fact is that it was a very nice, very booming ecosystem while it lasted. So while a lot of people lost a lot of money and we
did as well. It was catastrophic for a ton of people. The fact is that it was a very healthy environment to grow in while it was lasting. So basically that's how we started. So we rode to the lunar wave
And the Terry ecosystem we saw it go from one protocol to over a hundred protocols in the span of a year which was absolutely mind-boggling to see just new projects were spawning left and right VC funding was just injecting tons of capital because
literally insane to watch it all. But yeah, at some point we started helping these different projects with different things, building bots for their Discord communities or even just building Discord communities from scratch. And one thing we noticed that was a common pain point was that any
projects, wanted sales bots, dows, wanted governance polls, and people wanted pricelerts and a tent of other things. So we figured, okay, you know what? I'm also tired of visiting the same websites every day because I don't have a way of knowing when some
has happened without visiting the same websites over and over again. And this is really frustrating from a user perspective. So we started to get our hands on, start building it, we participated on a hackathon in August 2021. We got an honorable mention or something like that.
It's actually on our website. And yeah, then a few months later, we participated on a near hackathon in Lisbon where we won second place. And we recently joined the first cohort of the Radix grants program, which is an acceleration program
similar to the Y-convenator. And yeah, it's been a wild ride. So yeah. Okay, thank you very much for the introduction. So, Joann, an introduction there to the Hermes ProScore platform. So you deal with a lot of notifications. You got governance NFT wallet notifications. Can we go into some
details how that works for projects and users. Yeah, absolutely. So we started building our project around notifications because we wanted to bring a better user experience to users, right? Again, this also came from personal frustrations from ourselves.
if I use ourselves, we take these things we granted in the Web2 space with my revenue accounts or my balance accounts. If someone transfers me money, I get a notification on my phone or I get an email saying your funds have been deposited or your friends sent you at this money for lunch.
or whatever it is. But in DeFi, this doesn't exist or it barely exists or whatever solutions exist charge you for having these different solutions. Something that I've been hammering on over and over again is that if we are to unborder
people from my P2F3 and I'm talking on a massive scale not the DGNs and the youngsters that are willing to say "chrisks" I'm talking about like people like our parents or even grandparents right if we need to have or if we want to have every single person on this planet
to use DeFi, I don't see a future where we can charge people, like a Netflix subscription equivalent to get notifications. So we started by building this as a free service, and it still is, and we'll always remain a free service for users. They can get started in two ways.
They can either go on our website app.hermyspertical.io and click on the sign up link and then just basically connect their wallets. Right now we are fairly limited. We only have station which is a cosmos wallets and Zeus which is a radix wallets.
But this is like the way to go through our web app. There's also a way that you can use our platform through our bots, which I'll get to in a second. But essentially, once you click the sign up button on our website, you connect your wallet, you sign a message. This is actually like an
of chain signing. So there isn't any transaction then on chain your privacy is still kept private, your identity, etc. your activities. And once that's done, we ask you to connect your discord or your telegram accounts. Twitter will also come
at some point. And once you do that, we now have a way to contact you through these platforms with our bots. So essentially whenever you're supposed to receive a notification about any of the things that you have set up, you get a direct message from one of our bots.
These are like official bots, not like chat spam bots or anything of the sort. And basically it tells you, hey, this wallet has done something or it just received funds or you're in if he has sold or whatever it is. Now this information is kept private. Some people have actually
been calling this a zk notification service, which is something I never thought of calling it, but the matter of the fact is that indeed nobody knows this information except for us. Yes, you do have to trust us, but you have to trust someone, and I think it's better to have some
someone, you have just one identity that you can trust with that information rather than advertising it publicly on chain for everyone to see who you are and docks yourself and so on and so forth. But yeah, in any case, if you want to use your platform without having to set up an account
through our web app that is also possible. So if you're in any Discord server that has our bot on it, you can already use it slash commands as a chain explorer, for example, like you can query transactions, you can query NFT data, you can query wallets,
blocks and a bunch of other different things. And if you're an NFT project, for example, and you want to have a sales tracker, the only thing you have to do once you have the bot in your NFTs project's Discord is just type command like notification creates an
and then you pick your collection from the auto-complete list or you just put the contract address there if it's not automatically showing up and then you select the options in this case it would be sales so it will monitor all the sales of your collection regardless of the marketplace
And whenever there's a purchase, it's going to send a message on a public channel, which you can then call like cell tracker or something like that. So yeah, these are the two ways that users can interact with our platform. And we're actually
really excited to launch a new project very soon, which is one of the things we're building as part of this grants program, which is our floor business platform. So essentially, all the things we have built so far and that we have released have a very strong focus
is on the user, but we're not charging users. We had to build a way that was something that was also useful for businesses that we could charge that could be beneficial for the users as well. This four business
form, which is in private beta right now, allows any business regardless of the chain. If it's supported by a score not, even regardless of the wallets that are supported, again, you can just use it through this chord or telegram. And basically, either
and newsletters or any kind of private notification, essentially through our business platform you can create contact lists which you ask your users to subscribe to. So this is very similar to an email newsletter type service except that there are
email in here. So your private information is always kept private for the users. The businesses, the only information they have access to is the Web3 addresses, the wallet addresses. That is, of course, if they connect their wallet, if these users just subscribe
the discord and you don't connect their wallet. Of course, if the business is allowed this, so they can choose if the wallet address is mandatory or not, then the user's identity is always kept safe. And once you have subscribers on your contact lists, you can either send
of casts, which is kind of like an email blast. It goes to everyone that is subscribed to that list or you can use our transactional services which allow you to send automated notification type messages. So if you want to have private things like you have your
own chat application in your web app and the person hasn't visited your website in two or three days. You can send them a notification and throw a platform that says, "Hey, you have some pending unread messages or something like that." And those messages go to where the user
preferred to be, meaning if a user is mainly on Discord, they get this on Discord. If they are mainly on Telegram, they get it on Telegram. As a business, you don't care where these messages go, they just go to where the user is, right? And they can pick and choose where they want to get it. So I may want to have
liquidation alerts on Telegram because I pay more attention to it, but I want to have my newsletter sent to Discord, which is something I will check every six hours or something like that. So it's not urgent communications, for example. So yeah, that's mostly it.
Okay, great, Sergio. And I was wondering, um, with the create, how do you create the notifications as a user as a project and what sort of security is built around the notifications compared to say direct message on telegram you know,
projects pose as the project but not the project. What's the sort of protections in place from people, users or projects posing as a person or as a project and the not?
So there are a couple of ways here. First, these notifications that are sent through our system from our clients or either one of our native notifications, so things that we already support natively through our platform.
that don't require any business to do anything on their side. They always go through our official bots. So it's basically the conversation that people will have, like the direct message chats that the users have with our bots are kind of like
there, Web 3 inbox in a way. So it's kind of like your email inbox, but it exists within Discord and Telegram and you have multiple inboxes, right? So one per platform, even on Twitter at some point. So first off, to check, of course, you do need to make sure
that if you do get a notification it comes from our official bots and obviously if you already had received a few notifications through it then whenever you have a new chat with some some bothersome person posing as Hermes protocol
then that wouldn't automatically should automatically raise a red flag for people because they have the chance history that they had before. Now on the second point, like, so let's say that someone creates the Wilcoin alert or newsletter and
and they're their posing assets, right? And you have, of course, your own official one. This will never work because our platform only works with opt-in subscriptions, meaning that if you are capturing subscribe
If you are subscribing to your platform through your website, which obviously is under your control or through your telegram or discord group or so, so discord server
or telegram group, then users are always subscribing to the official one because you're in control of what happens in those channels obviously. So it is literally impossible for any posing or any poser or scam
user or scan company to try and pose as yourself because they will not be able to message the users because they are not subscribed to them. So this is one of the key things we wanted to fix that is broken with email. Is that you can just import people. So you can go on the black market, you
buy an address list of 100,000 email addresses, you dump them into your own database and then you just ask your email provider, "Hey, have all of these subscribers from this business that I bought or from my previous email provider and now I want to blast my emails." That's not possible in our platform. You'll always have to
to get the opt-in subscriptions from your users. So even if you already have a few million subscribers on your email platform, you will still have to start from scratch through our own platform. And we do this in a way in order to ensure that the users are always protected.
Great so Joe, yeah, that sounds great for a project so they can tell their community and users, you know, we use the Hermes Pro2Qo platform and not to interact with them.
with DMs on Telegram where a lot of scums and fraud happens and three metal sea make it more secure for users and projects using the Hermes protocol platform.
Yeah, yeah, absolutely. Also, one other thing I'd like to mention is that, so users also whenever they get one of these either notifications or business communications, they will always have a very easy button that they
click either a Discord or on Telegram. Of course on Twitter it is going to work differently because Twitter DMs don't have button interactivities but we'll do it with chat commands or something like that. Where basically users can just click just once
on an unsubscribe button and they will be done with it. There is no, oh you have to visit our website, oh you forgot a password, you have to reset it. Now you have to fill this form with 20 questions about why you want to unsubscribe from our list. That is definitely
nightmare that we as a consumer also go through on a very regular basis unfortunately. So we wanted to make sure that that was fixed through our platform as well. So it is very easy for users to control. This is key because we want to earn the maximum amount of respect and trust.
that we can through users. Right? So right now most people don't trust their email inboxes anymore because they get spam all the time and get scan phishing emails and so on. And we want to fix all of those problems in a way that is native to Web 3.
Okay, great. So John, how easy is it to use, per se, a new investor to create notifications? Is there any sort of educational resources available or video tutorials to get started?
So that's actually a good question that I got asked earlier today. One of the members from our Brazilian community asked if we could have some tutorials. So we already have a very short video on our YouTube. It's the
only video we have there. It's just like a couple minutes. It's not really tutorial but it does work as a pretty good introduction to the project like it shows people. What we've been working on this was posted in December if I'm not mistaken. So it doesn't have any any bits about the business
that we're currently focused on building right now, but it does explain the different notifications and the Explorer feature and so on. We do have a documentation page, docs.terms.co.io, that both businesses and users can visit to
to see how they can choose different options and how developers can integrate with our API so that they can allow their website visitors to subscribe to any of our features, so either native notifications or contact lists.
We actually already have, so this is very recent. So we had to work with a project that wanted to enable notifications on their website to allow basically people to click this bell icon on their app.
Also forgot to mention, our API is specifically built to be compatible with fully decentralized frontends. So there is no API token or anything of the sort. The authentication is fully done through the wallet software. So the user signs a message with the notification.
that you want to assign and then that sends to our backend without requiring any kind of password and then we just verify that the signature is valid for that user and the user is automatically subscribed. So we do have a video on our Twitter regarding the notifications API and it shows you the
the flow for the user. So they click this button, they pick some options. Of course, if the front end developer wants to have those options available for the user, and once they click add notification, the wallet automatically pops up, asks them to sign a message, and then they
it'll work in less than a second, they'll have a confirmation. Okay, notification successfully created. From that point on, whenever that event triggers, then they get a direct message through their default platform, which right now for most users is Discord because our telegram integration
It's still halfway through. So people can already log in with telegram on our web app, but they can't yet receive notifications through telegram. But this is coming very, very, very soon. So by the end of the month, actually, we have a target of having this available before consensus, which
starts on the 25th if I'm not mistaken. Also I forgot to mention that if any of you, you know, listeners or even you guys are visiting content sets definitely drop by or both will be with with graphics and for other
projects from the grants program. We actually have Aussie Swap here in the media audience. They'll be joining us as well at Consensus. So yeah, we're definitely welcome everyone to start by. We have some goodies to share with people and some NFT giveaways and etc.
That's great. What platforms is Hermes Protocol integrated with our sort of Phoenix Finance Terrace swap and you're looking to expand that for our year?
Oh yeah, absolutely. So even when we started originally on Terra in August, our pitch was always about being multi-chain. I mean, we were very heavy believers, let's say, on the Terry ecosystem. I mean, we saw it grow first
hand and it had a ton of potential. But even at that point, even while we were 100% focused on terror, we pitched that in order for Army Spotocall to have the impact that we want to have, if we want to be in the
liquid is communication platform, then we need to be multi-chain. We need to be where most of the people are. We need to integrate with all the major platforms. So definitely that is going to be our focus once our business platform is rolled out.
want to start integrating bigger chains. So at the moment we have Terra, Terra Classic and Radix. Even on Radix we are still fairly limited in notifications since we just started rolling them out. We have Wallet monitoring, we have NFT,
monitoring, we have validator changes, so if they change our commission, you can get a notification for that. And we will have other new features coming very soon, like domains, so you can pick
to be alerted when a specific domain name has been registered or certain regular expression or if one of your domains is about to expire or something I've had we're also going to integrate with more NFT marketplaces at the moment we're just integrated with the biggest one Viking land.
So on Ravix we're only integrated with the Zeus wallet, but we are already in conversations with Zyder and Stream, which are other walls. And of course the official Ravix Babylon wallet will be integrated as well when that comes at the end of July.
And yeah, in terms of next platform, so we obviously need to support near I mean we did win the second place out there hackathon, so we do need to support something at some point. We were promised a grant, but that didn't that fell through when the
FTX crash happens unfortunately, so they had to cut down on some costs and so on. But we don't want to win a hackathon and have that exposure and then just not do anything on the chain because we didn't get a grant. So that'll definitely be something.
We already did some partnerships on Nier as well. We have a couple of wallets that want to have their notifications powered through our system, which is really, these are the really interesting partnerships. And after that, it is likely that we will go
a polygon. So that's going to be our first EVM integration. And I'm pretty certain that once we go to polygon, it's also going to be relatively easy to support Ethereum and other L1s or Rolops, whatever
So yeah. Great, so Joe, nice expansion plans. And I was looking at the roadmap. You've got Twitter bots that was introduced in January, Telegram bot in March. Can we go over what use cases you have for these bots? Yeah, sure. So yeah, with the Telegram
bot will always be very similar or I mean at least once it reaches parity with the discord bot so these will be the most interactive bots essentially you're going to be able to use our entire platform just by interacting with the bot so this allows you to create notifications either for your communities if you're a dog
or an NFT project or even a marketplace if you want to have some pricellars for your community as well. And you can also use the Explorer feature so you can, it's like someone sends you a link or sends you a hash show.
transaction and you don't want to have to load like a web page or do you want to leave the chat you can just copy the hash, do a transaction command on chat and you will see the full details of the transaction on the channel you can also show off the NFTs you have in your
wallet and some of the other things. Any feature that you would expect from a regular blockchain explorer, you'll also have that ability with our Discord and Telegram bots. Now on Twitter, that's going to work a bit differently. We do see a feature where
We will have a bot just like one account that will be your interface, your interactive interface with our project in a similar way so you can chat with it basically in order to unsubscribe to notification.
or create new ones, but the way that it's going to work that we are very interested in further developing is actually by having dozens, hundreds, thousands, dozens of thousands of different automated accounts on Twitter. These are the
like official bots, right? These are not, again, these are not spam bots that just post automatic comments are very annoying. Nobody likes that. These are going to be accounts that are labeled as automated and will use the official Twitter API, basically for things like
So like anytime there's a very large transaction happening on chain that's Twitter account automatically tweets about that transaction. Of course, Dows can have official Twitter, governance, poll,
on Twitter, right? So every time there's a new governance poll that douse accounts automatically tweets, for example. So these are very easy to share and you know, and we tweet, quote, tweet, share on other places, et cetera. So it does work quite well.
So right now we only have three accounts created, three automated accounts, but once we can focus more on this feature, we expect that we'll have like a 10,000 and then a few projects and so on.
signing up to have these automated accounts on Twitter so that they can generate some hype and traffic and etc. Awesome, Sergio. You've got the business platform beta release that came out in April this year. Can we go into details box plunder on the business platform?
Yeah, so we right now will already support the future of businesses, well, of course, you know, signing up so they can create their brand information, they can pull their logo and name it, so they can create contact lists which are the
the things that people will subscribe to and our Telegram and Discord bots are going to support very soon so within the next couple of days being able to send messages within
their own communities to basically ask people to subscribe so this will just be like very easy buttons they just press it and they are automatically subscribed of course they do get a confirmation that they have subscribed to contact list so they
will be contacted later by the business and so on. And they'll also be able to create campaigns which are like these messages that are sent to everyone that's subscribed.
Also in a couple of days, we are just in a testing phase at the moment. Now things that we have postponed for after consensus, so the features that will be released in May are things like multi-user accounts, or multi-user access.
If you have a business, you'll have to pick one person from your team to create the business and manage it on our platform. Also pricing. So we will support both Fiat and crypto payments for the subscriptions for the businesses. This will only come in
We will support the regular stuff like credit card from Stripe and all those other things. In terms of crypto payments, we'll most likely support L1 coins and stable coins.
And I mean there's a ton more things we have when statistics as well that's also something that will come in May. And yeah, anyway, right now we're just ramping up new features that have already been designed
as fast as possible. And we want to onboard businesses as much as possible right now. We want them to register, try our platform, ask us questions, ask us for features they would like to see on our platform. And yeah.
Okay, great. So in the future as well, you're going to have a P2P batter trading. As we're wondering what's planned around the platform for P2P batter trading.
Yeah. Interesting point. So we actually developed the smart contract for that on Terra. We also developed the UI for that because essentially we, so our project
has a, let's say, a vision that can be categorized into three different categories. So block chain or ledger to user communication, business to user communication and user to user communication. So of course, ledger or blockchain to user, these are the, about the
some chain events that happen and people get notified about them, like the equations and if he says and so on. Business to user is the business platform that we're building right now. So the communications that you send out aren't necessarily things that are happening on on leather. It can just be like new partnerships or even new spaces.
example on Twitter. And the last one is user to user. So we want also users to be able to use their Web3 identities to talk among themselves in a way that protects their privacy. So of course the chats are end to end encrypted. We don't even have access to that.
content and this needs to work seamlessly of course. It is a very grand plan still in very early design stages. But yeah, as part of that user to user interaction, this barter trading basically allows
Or actually, it allows, but we didn't publish it on the main net because we didn't get funding for the audit and we didn't want to launch the smart contract on main net without an audit. We preferred to make sure it was safer first, but the aim
any case, we did test it on testnet and basically it allowed any user to trade with another user any amount of any of these or tokens in any way that is trustless. So if you're doing an over-accounted trade, you can say, "Hey, here's
like half a million of my tokens and I want to have like $100,000 in USEC from your wallet and then that person receives the notification and then they see, "Oh, I have a new barter proposal." And then they can see, "Okay, so this person
is asking me $100,000 in exchange for these half a million tokens. And then if you accept that, then the trade is executed basically on both ends. So also, this was the first smart contract to allow multi-NFT
proposals so that we were able to create a way that allowed users, although the network didn't support. As far as I know, it still doesn't support sending more than one NFT per transaction, but basically our smart contract can receive multiple transactions
where you're just making all of your deposits. And then, yeah, that creates your side of the trade and the other person needs to fulfill their side of the trade if they want to execute the transaction, basically. So in terms of plans for this feature, once we get funding with live
to get this audited and pushed out. I mean the development is already done. But of course we would need to recreate the smart contracts for Radix which uses crypto which although it is Rust based similar to the Cosmism which is what Harry uses.
It is still a different language, so we would have to rewrite it. And then of course, once we expand to EVM chains like polygon and metherium, we would have to rewrite it in solidity as well. So the demand will decide if it's worth it for us to build that on
especially on EVM because it's so much harder than then Cosm wasm or scripto. But if the demand is there, then of course it would make sense to have all of the features that we've been building on all the networks across all the networks as well. Make sure that we have one platform that can do everything everywhere.
sounds exciting. I have my NFT series and be bartering with someone else with their NFT series. There could be quite groundbreaking for the Hermes Proce-Cold platform in the future. I'm wondering
over the next quarter to say what's the marketing plans to promote Hermes Protocol, platform, bring users in, bring projects in, expand to other blockchains, what's the most plans?
Right. So we believe that the key to expand our user base at this stage is more about onboarding businesses that
might be interested in letting them try or platform for a while, get some feedback from them. And of course, if they do become clients of the platform, that means that a lot of their users, regardless of their size, they might have
like 1000 active users or 10,000 or 100,000 active users, then eventually their subscribers are effectively just becoming our users as well. So as we want more and more businesses to use our platform, then we're also getting
getting users as well. And of course, more users attract more businesses. And essentially, that's going to be a very easy flywheel effect to execute as soon as projects understands all of the
benefits that they get through our platform of course. So yeah, that's one of the key things. Of course, there are always strategic partnerships that can help us grow in different directions. We all
always make sure that we integrate with the biggest marketplaces, the biggest taxes, the most used wallets on the different ecosystems. And basically this already allows us to capture or to have a very large potential growth.
So the tightest integrations are usually done on smaller projects, like on near, for example, one of the wallets we've partnered with is near fi, which is basically, they already know, but they're not the biggest wallets on near, but it also allows us to build a closer relation.
between both projects and of course as they grow that means that we grow as well. So it's beneficial for us and once our platform becomes of a significant size and obviously that also becomes more interesting for other bigger worlds to
to support as well. So at this moment we want to try knocking on Manomask or consensus door and be like, "Hey, do you want to have a very useful call notifications on Manomask?" I mean, obviously we'd love powering something like that, but we don't even have the VM notifications yet.
But even if we could we wouldn't waste an opportunity like that at this point It is preferred to start smaller of course. So yeah, basically Partnerships and integrations or something that works really well and that's going to
to be some of our focus. We also want to provide more content on YouTube. I mean, we've only launched one video. So we do need to do that more frequently. And yeah, getting people to know all the capabilities that our platform allows them.
Okay great let's open up these spaces for questions I see we've got Aisha here you have the question for Sergio and Hermes Prozko. Go ahead. Yeah thanks, Hermes. How is the Hermes protocol ensuring low latency to ensure quick and timely
transmission of notification alerts also considering factors such as network congestion, geographic distance and the quality of the networking infrastructure can also affect latency. How does the protocol plan to tackle this issue?
Yeah, good question. So basically, one of the things that is different from our platform and most of the other notification or weathering notification solutions that exist out there is that we actually all
All of our entire platform works in real time with the blockchain. It's not something that is queried every few seconds or every few minutes. So most of the notification solutions that we see out there, they're like, oh, I'm going to query
the blockchain every minute. And then if this happens, then you get a notification. That is actually very bad if you're about to be liquidated. And when you get the, oh, you're about to be liquidated notification, you've already been liquidated. And this was exactly our very first use case back with anchor protocol, which
I'm assuming most people buy out of it because of the crash. So our platform works in real time by basically interpreting every single transaction as it happens on the blockchain in real time. So as soon as
As soon as it's broadcast and validated on the block through, you know, one of the valid letters, assuming of course a performance state blockchain, then our platform will analyze the transaction, see if it's something that we recognize, such as an entity sale or a purchase or a swap or
any of the sort. And if we do recognize it, then we label it as such internally and then we see which of our users wants to receive this notification. So you can expect latencies that are sub seconds. So you
100 milliseconds, sometimes even less than that. I mean, in several occasions, I've done some transfers. Of course, when I'm following my own wallet, and before the wallet even tells me that the transaction has been done, I'm already getting an notification through a system that the transfer was done with one of
my wallets. So it's pretty interesting to see what happened. Yeah, hope that answers your question. Yeah, that's wonderful. Okay, according to your documentation, users can
receive notification alerts on discord telegram and twitter. I am curious about how the notification system will function on twitter. You talked about it a little bit and whether it will be possible for users to receive alerts via SMS or WhatsApp by providing their mobile number.
So, on, so with our Twitter integration at this moment only works with automated accounts. So it's more towards let's say business or project oriented notifications such as governance
goals and then if he sales rather than private notifications such as price alerts. But we do want to have this feature as well available on Twitter and the way this would work is the same as on Telegram and Discord. So you would basically
We just have an open chat so like in your direct messages, in your Twitter messages, basically with our, let's say, messenger account or something like that. So this will obviously be an account created for the purpose of just
sending notifications through the direct messages on Twitter like we do as well on Twitter, oh sorry on Telegram and Discord so that's going to be the how it would, how it will work at some point. And you did ask something, oh yes, the
what's up in phone number. So we, at this moment, we were not very comfortable with holding phone number information from users. This is like a very big like privacy concern.
And that people get. So we are even collecting email addresses, for example. Like we could ask for email addresses when you log in with discord, for example, but we don't request it. This is something actually you see when you click that button. It's going to we'll just going to get your discord ID, like your
use the name, we don't get your email address so that's never even goes to any of our servers or databases. So with phone numbers, I think it's even more private than email addresses. Now this isn't to say that it'll definitely not, we
definitely not have that at some point. I think that once we grow into a bigger platform and we have more capabilities and we have a stronger team and we can have regular audits and everything, then we can also feel more comfortable with holding private
information if users are of course willing to share that with us in order to have more features. But at this moment it's not something that we have planned. Of course WhatsApp does have quite a significant market share than building WhatsApp bots has been
growing, like, lots and lots have been growing quite a lot recently. But yeah, it's something that we're postponing to a later stage. But yeah, thanks for the suggestion and the question, unfortunately. Thank you. And thank you very much for answering my questions.
Thanks for the questions, Aisha. Next we've gone constantly by your other question. Go ahead.
Yeah, thank you Glenn. I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm#
Okay, so I just wanted to ask you concerning the notifications that you guys will be bringing. Would you be connecting these bots to the internet to provide real-time notifications?
I'm a bit confused from your question. Of course, they need internet connection in order. I mean, everything is internet nowadays. So I'm not sure I understand the question. I'm sorry. Okay, okay.
I mean, basically before publishing notifications, a lot of factors actually consider, especially when it happens to deal with notifications concerning news or events that happen in the blockchain or the web pre-world, would
Would you be connecting to how would you verify these sources of these notifications that you will be providing and where will be connecting these bots to ensure that this information being given in the notifications are actually reasonable and correct?
Okay, now I understand. Thank you for clarifying that. We actually briefly touched this topic a few minutes ago. Basically, this is not... Let's say we have two sources of information.
not going to be something that we develop ourselves, so it's not going to be a native notification, but it is most definitely the use case for the business platform that we are building right now. So any business can already sign up to a business
account or platform. It's still in beta, but the signups are open if anyone wants to try its business.hermysportal.io. You do need to make sure that you have to click on signup and of course to signup you do need either a Zeus or a station wallet.
But we will also allow people to sign up with a Google login very soon. But in any case, once a business has an account on our business platform, then that allows them to publish any kind of alert
or newsletter or anything like that to their subscribers. So, I mean, even for example, Will Coin Talk here, they can create their own business on our platform and whenever there's a Twitter space like this one about to start, they can just send a
broadcast campaign to everyone that is subscribed and then everyone gets a direct message saying this Twitter space is starting right now click here to listen for example and in terms of checking the legitimacy basically you only
get information that you are subscribed to. So in this specific example with with Wilkontalk, if you subscribe to this list from Wilkontalk, you will never get a notification from someone posing as Wilkontalk telling you about this new
wallet extension or this new website that is giving you an air drop or anything like that. So you will only get communications from businesses that you have subscribed to. So as long as you're not subscribing on a phishing website or you're not subscribing on a fake
group or something like that, then you'll be all good. So just make sure that when you click on a subscribe button you're doing it on any official channels. But of course if you do happen to find any such occasion, we do have a report
reporting features, so user's can report any such occasions. We think that it's going to be very, very small, but obviously, you know, scammers are very rampant in Web 3, unfortunately, so I'm sure we'll have some scammers try to use our platform at some points, but you know, we're ready for them.
That's pretty cool. Here's my final question. Basically, these web 2 compilies usually change their policies about bots. Elon Musk actually made comments that they're going to really enforce the watchdogs on bots and APIs and things like that.
with Twitter, I think Telegram also has plans to do same. So how would you guys ensure that these boards actually stay interactive and stay within the rules of these policies and what happens when they update these rules that are skydiving these boards?
That's a very good question and it is something that has of course concerned us for quite a bit. So there are a couple of things here. First, the crackdown on bots that Elon Musk is doing on Twitter is against what they call
delicious bots. So these are accounts that are not labeled as automated. These were supposed to be just regular users, but they are programmatically interacting with Twitter to make fake comments or fake likes or
fake retweets. These are the kinds of bots that Elon Musk is targeting for to kill essentially and telegram the same thing. Every one of these platforms, even Reddit has fake accounts. These are the things and policies that all these platforms need to have, otherwise
it becomes unbearable to use any of these platforms. But as I mentioned, they don't want the developers to have problems. They want the scammers to not be able to fake engagements from fake users. So as long as they're doing anything by the book, which is obviously what
we're doing our Discord bot is verified all of our automated accounts on Twitter are labeled as automated. They have this little label and it shows it like that so people know that it's a bot, it's not a regular user let's say.
But of course, you know policies can change and that is a very significant risk obviously and the way that we are Let's say protecting us and our users against it is that we are asking Everyone when they sign up to our accounts to
connect more than one social account. So if you create an account right now, you can start by connecting your first social account like Discord. But for redundancy purposes, you should also connect your Telegram. And basically,
Once that is done if we have some problem trying to send you a notification through discord like if I don't know like you block our discord by mistake or if you left your laptop open and someone did that as a prank or something
Then we will notify you on the other platform saying hey, we just tried to send you a notification on Discord. It's failed so you may want to check that and obviously if you go on our platform later you can see that the history on our web app and see all of
the notifications that we have been trying to send you. So you can check back if there was any problem sending them or not. Of course, this is something that we'll have to work on on a constant basis. We're not actively
asking people through the web app to do this. This is something we're doing kind of like ad hoc, like at these AMAs, we're telling people, hey, you know, if you send it to an account, you have to, it's best if you connect both social accounts. But yeah, our web app will at some point just advise that to users as well. So yeah.
Thank you very much for watching my question. I wish you guys the very best and I hope that the Hermit's Portugal State's position will work. Thanks a lot Glenn. What's you?
Thanks a lot. Good questions. Thanks for the questions, Council. Next we've got run out. You had a question. Go ahead. Yeah, thank you, Clint. Okay, I have one question. So I was thinking is it possible for users to receive
receive notification alerts about pre-sales and the fair launches of the tokens on the sported blockchain network. This would help ensure that the investors don't miss out on the most anticipated pre-sales.
So essentially anything that happens on chain is something that we can potentially track. So if there is a type of contract that is done for pre-sales or if there is a launch pad that
is used for launching pre-sales, then most definitely is that's most definitely something that we will support. Actually, we did integrate with one or two launch pads back when Terra was
pre-crashing. When it was still a thing. Basically that allowed anyone to be notified when a new project launched their pre-sale campaign.
Yeah, if these sales happen over the counter, meaning if they're done through the Web 2 escrow's or Web 2.5 platforms like Binance or Gaitaio or Kraken,
Then that'll be something that is much harder and I doubt that we'll go through that path But yeah, so TLDR if it happens on chain there is a very like there is a very High likelihood that we would support
such a feature. If it's off chain or even if the deal is on chain, but it's done manually, you transfer me this amount and I transfer you that amount. Then of course these are the things that we could track properly. >> Thank you so much. How are you playing?
Thanks for the questions. Unfortunately, we've run out of time, but it's been great to be considered Sergio from Hermes Protocol today. As we say, welcome to our spaces for education and research. It's not financial advice, but we recommend you check out the Hermes Protocol website, the white paper.

FAQ on Hermes Protocol | Connecting everything & everyone in #Web3!🦾 | Twitter Space Recording

Who is joining the Swirlcoin talk spaces?
Sergio from Hermes Protocol is joining the Swirlcoin talk spaces.
How did Sergio get involved in the crypto industry?
Sergio first found crypto a few years ago when Bitcoin was still around 200 dollars. He took a deep dive into DeFi in 2021 when Cara was just starting.
What was Sergio's experience during the early days of LUNA?
During the early days of LUNA, Sergio saw the ecosystem go from one protocol to over a hundred protocols in the span of a year, and VC funding was just injecting tons of capital.
What was the common pain point that Sergio noticed among different DeFi projects?
A common pain point among different DeFi projects was that they wanted sales bots, DAOs, governance polls, price alerts, and a ton of other things.
Why did Sergio and his team start building a notification service for DeFi users?
Sergio and his team started building a notification service for DeFi users because they wanted to bring a better user experience to users. They noticed that there was a lack of notification services in DeFi, and they wanted to address this issue.
How can users start using Hermes Protocol's notification service?
Users can start using Hermes Protocol's notification service by going to their website app.hermesprotocol.io and clicking on the sign-up link. They can then connect their wallet and their Discord or Telegram accounts. Alternatively, they can use Hermes Protocol's platform through their bots in any Discord server that has their bot on it.
What is a zk notification service?
A zk notification service is a notification service that keeps information private, and only Hermes Protocol has access to this information.
How do NFT projects use Hermes Protocol's notification service?
NFT projects can use Hermes Protocol's notification service by typing a command like notification creates an and then picking their collection from the auto-complete list or putting the contract address if it's not showing up. They can select the options, such as sales, and the bot will monitor all the sales of their collection regardless of the marketplace and send a message on a public channel.
What is Hermes Protocol's floor business platform?
Hermes Protocol's floor business platform is a platform that allows any business, regardless of the chain, to use their services. It is beneficial for users as well and can be used through Discord or Telegram.
What is the focus of Hermes Protocol's services?
The focus of Hermes Protocol's services is on the user, but they also provide services for businesses that they can charge for and are beneficial to users.