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IOST’s Rebrand, Vision, Innovation, and Community-Driven Growth
Recorded: Dec. 22, 2024 Duration: 1:00:31Space Recording
Full Transcription
This video is brought to you by S.T.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.L.A.
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we're gonna start our new seeking program.
Yeah, so that's the basic plan.
Okay, yeah, thank you.
Thank you, Blake.
And well, I think that was,
yeah, that's been probably, you know, answered.
So let's introduce Solzhar next.
Hello, Solzhar.
Hello.
Hello, Solzhar.
Yeah, hi there.
Nice to meet you.
Nice to meet you.
Can I ask my questions?
Yeah, of course.
Just please, you know, make sure that, well,
it's not something we have covered already.
Is your platform suitable for crypto beginners
or does it only limited for professional users?
Who is a professional user?
Yeah, he knows, yeah.
Please, my question answer, sir.
Hey, yeah.
Hey, yeah.
So I think, you know, this was actually covered as well during the first part of the session.
We mentioned that, well, it's, you know, for the crypto savvy and not so savvy.
Yeah, so, Blake, maybe what do you think since time is running out?
We've got some minutes left.
Sorry, I think that we already covered pretty deeply on that part.
So let's move on to the next question.
Okay.
I'm sorry about it.
Okay.
Yeah.
So next one, let's, well, our good old friend, Jagadash.
Hey, hi there.
You have to unmute yourself.
Okay.
Well, I guess let's, let's add one more while we wait for, for Jagadash.
So let's see inner cosmos.
So hello.
Hi, everybody.
I have a question.
What is your annual revenue?
I'm sorry.
Could you repeat that?
I'm sorry.
Could you repeat that?
What is the annual revenue of the company?
Okay.
That's great question.
But to be honest, I'm sorry, we cannot repeat all that.
Yeah.
The token is based on believability.
And if you can't answer this question.
So the believability of the, like the believability part of the token is actually for the nodes.
It has nothing to do with, like, I think we are just making some forceful connections over here.
Okay.
Thank you very much.
Yeah.
So Jaga, have you figured out?
Okay.
Seems not.
I see another, another question, Blake, through the comments.
So I assume, you know, these are users who maybe are a little bit shy.
Um, so it's about IOST account creation.
Um, so the vendor is asking, uh, how about making IOST account free and easier to create?
Uh, since now it costs some IOST to create, um, as far as he knows, which yes, that's true.
Um, so wouldn't be, wouldn't it be easy and helpful to make it free to board more users?
And we are entering to the mean market with pet polls, uh, and iDragons.
So, sorry, what happened to iDragons?
It was the first one.
Um, yeah.
So before I introduce, uh, Blake, um, so the, yeah, the mean market, yes, with pet polls.
Um, but please, uh, bear in mind that, uh, both iDragon, pet polls, uh, et cetera, these are all ecosystem dApps.
So they are developed by, uh, third-party teams and, uh, you know, that some of them are nodes.
Some of them, yeah, I think all of them are nodes.
Um, so yeah, it's not directly controlled by Blake or, uh, by the IOST foundation.
So, uh, we would have, uh, you know, well, Blake will have very, uh, limited, you know, uh, like, uh, answers for these ones.
Yeah, thank you.
Uh, sorry, Blake.
I'll hand it to you.
Oh, I mean, like, for the account creation part, I think, like, good answer.
I think I could answer, like, in, uh, two more things.
Uh, number one, uh, if you assess to do not click website, then you guys can create the account freely.
That's number one.
And number two, after, uh, rebranding is conducted, you guys can create a account from the L2 side of IOST, uh, for free.
So I think it will, uh, increase our usability and we will make people to use it, IOST more freely.
Yeah.
Thank you for your suggestion as well.
Thank you, Blake.
Um, there's another question.
I think it's coming from a fellow Korean user, which is, uh, to what extent have IOST's web prepayment infrastructure goals been achieved?
Second question, how will it, the increase in distribution affect the short-term and long-term value, which I think this one has been covered.
And third and last, what markets are IOST global expansion plan specifically targeting?
Which, um, well, I think we mentioned some regions, but, uh, just in case you want to elaborate a bit more.
Yep.
How do you, can you answer this question?
Yes, absolutely.
So for the last part, yeah, I think, um, I'll just go with the last part for first region.
Yeah.
It will be like Southeast Asia, Latin America, for example, Mexican, Brazil, Argentina, which are very like crypto friendly and also expanding and growing regions.
And, um, sorry, so what was the first one that we're supposed to cover?
The first question.
Um, yeah, uh, you can find it pinned as well, which is, uh, to what extension have IOST web three payment infrastructure goals been achieved?
Okay.
I see.
So, um, you know, I think this are, these are still very earlier stage.
I don't want to bring too much confusion because, um, like announcing products before we're ready.
It's kind of also, we don't want to confuse our users.
Um, but what I can disclose here is pretty much, um, like we are already, um, bringing initiatives, including, uh, decentralized payment, physical infrastructure, pay pin.
Uh, and that stage has been, you know, meets all the compliance instructions.
And also we are actively developing and also working with strong ecosystem partners and, you know, getting things ready, um, to have a surprise to our community.
And similar to for the real world, um, assets, because, you know, we want to be very careful when it comes to, um, real world asset related, because like any current institutions, how they prepare, it takes ages and forever, but we can, um, pretty much leverage on our current resources.
We already kind of meet many of the criteria, including, uh, compliance risk purpose and exposures.
Um, however, we still kind of wrapping up a last few steps to just, uh, make sure our products are more like both transparent and also, uh, bringing real values and growth into the communities.
Um, yeah, I hope the answers.
Yeah, that was great, Hedy.
Thank you so much for, uh, covering it with such detail.
And, uh, well, for, of course, also just talking about what you, what you can and what it's feasible right now.
Right.
Um, yeah.
Thank you so much for such a thoughtful reply.
Um, I see, let me go through the comments once again.
Um, but I saw an interesting one.
Um, so there's a question from Viper, which is IOST rebranding.
IOST rebranding moving towards a credit card payment and real world asset.
Will that raise security issues from the SEC?
Okay.
I think maybe I should also take this one.
Um, right.
I think we're, we're kind of touched.
I actually touched base earlier on, but yeah, I agree that this is a very important question.
Um, so we do want to be like clarified and be transparent.
First of all, I mean, like IOST, we definitely prioritize compliance with all applicable like regulations rules.
And our, our approach has always been like guided by official frameworks in the market, in crypto market and also regulatory, like best practice.
Because, you know, like as some of the government changes, especially in the US, the regulatory space might be also like very dynamic.
So we're always actively following the rulings.
But anyways, long story short.
Uh, while I don't think we're at the stage that we should be too precautious.
So I don't, I don't want to comment too much on the specific yet.
But what I can assure is that at least, uh, for us, LSE team, we were sure that our user, that our primary goal is definitely to build a secure and scalable and compliant ecosystem.
That could align with evolving regulatory landscape.
Um, so as these areas are developing, we'll continue to work very transparently with our stakeholders and ensure all the advancements are fully aligned with guidance of relevant authorities.
So I do encourage everyone to follow our official channels for the latest updates, uh, where like we'll share more information, uh, as it becomes available, like our products available or we have more to announce basically.
So yeah, definitely follow our official channels and we will remain our community, like very, uh, solid to be announced and to be formed to what we're kind of in line with the landscape.
Yeah.
Wow.
Um, yeah.
Thank you again, Heidi, for such a detailed, right?
Reply.
And, um, just on top of, uh, what Heidi has said, um, so compliance has always been at the core of IOST, right?
And, uh, well, before I, before I make this comment, uh, past performance doesn't imply future blah, blah, blah.
Yeah.
Um, you know it.
Um, but yeah, just to mention, um, some achievements, right?
Right.
From IOST, um, IOST is compliant in Hong Kong.
So that's, I think, or, uh, the latest, you know, achievement that, uh, that we have, well, we've made, um, but also in the SEA market.
So in Indonesia, um, I remember 2019 or 2020, um, we, uh, well, we worked with the regulatory body over there and, uh, we, yeah, we are compliant as well.
Uh, Japan, which is, um, a, uh, well, I think, you know, it's one of the, well, probably not the most regulated markets, but, uh, it's, uh, really regulated and, um, the regulation is quite mature.
Um, so we are compliant over there as well.
Um, so yeah, just mentioning a couple of them and, um, yeah, reminding everyone it's, uh, always been at the core of IOST.
Um, yeah.
So just quickly going through the comments once again, but, uh, I think that, uh, that's pretty much it.
Also, we don't have too much time left.
Um, so yeah, there might be some questions that are, um, not covered, you know, especially since what we seem to be receiving more.
Um, but yeah, feel free to, you know, hit us through, uh, the community channels that we have and, uh, we will, you know, try to do our best.
Um, well, we have another question from Devendra, which is directed to, to you, Blake.
Um, which, uh, can you explain the part long-time stakers will be rewarded five X or something as a staking rewards are paid by note runners?
Like how does that exactly work?
Okay.
So to be honest, we're writing that article right now.
So that article will be published, uh, next week.
So please wait one or two more days.
So you will get the detailed answer for that.
So please stay tuned for that.
Yeah.
That's great.
Um, okay.
Thank you so much, Blake.
Um, I think it, yeah, it's probably coming, coming soon guys.
Um, so I think that was, that was pretty much it.
Um, we have, well, five minutes left.
And, uh, thank you so much, Blake and Heidi, both of you, you know, for, uh, taking the time, uh, being here today on a, on a Sunday.
Um, yeah.
And also thank you to, uh, to all the listeners.
Um, before we, before we wrap up and close the session, um, Blake, Heidi, uh, why don't you guys, you know, do, uh, do some closing remarks.
Um, could be anything, you know, tell, tell us all something, uh, that maybe you found inspiring this week, some quote that you really liked, um, something like that.
And, uh, and yeah, uh, we can wrap up.
Or just a goodbye message.
Yeah, I mean, so, uh, so, I mean, like, uh, please read out our article.
And we, we prepare lots of things right now.
And, uh, article explain pretty much about like everything about our branding, our, and our direction, new direction.
But if you still have question about it, uh, feel free to join our next AMA session.
We're going to have at least two more sessions before we're going to conduct our new boarding.
So, and, and I know it's pretty late, uh, in, uh, Korea, Japan, and China, but I can tell that there are lots of people joining from this region.
And thank you everyone, uh, for joining us today.
And, um, yeah, so please stay tuned.
Uh, we prepare lots of exciting, exciting things ahead.
So yeah, that's what I want to say today.
Yeah.
Eddie.
Uh, yeah, sure.
I think, um, also besides what Blake just mentioned, um, please stay tuned.
Um, I think I just want to add on a few more just about the market sentiment right now.
Cause I think these two days, um, I mean, it's a little bit negative, but I mean, regards how markets may shift.
I think at LST, our vision and executive actions are always anchored in creating sustainable growth and, you know, real world utilities.
So I just want to, uh, make sure our user will keep like staying tuned.
And while we're, uh, shifting towards like a positive market very soon.
Yeah.
Well, thank you so much, uh, to both, uh, Blake and Hedy and, uh, thank you to everyone for tuning in and participating in today's AMA.
Um, I think we actually ended up, uh, replying quite many questions in the second half of the, of the session.
Um, big thank you again, uh, Blake and Hedy, you know, for sharing these valuable insights about IOST, the vision for the future, et cetera.
Um, yeah, just for the listeners, if you miss any part of the session, um, or just want to re-listen, um, the, the recording will be available for 30 days.
If I remember correctly, uh, unless, you know, Elon Musk, um, does any changes.
Um, and yeah, stay tuned for more updates from IOST.
Make sure you give us a follow, uh, make sure you join our live channels like, uh, Telegram.
Um, and, um, yeah, thank you again for being part of these amazing community.
Um, and well, have a great day, everyone.
Yeah.
So, uh, see you next time.
Uh, thank you, Blake, again.
Thank you, Hedy.
Thank you, Hedy.
Thank you, everyone.
Good night and good morning.
Bye-bye.
Take care.
Thanks.
Take care, both.
Take care.
