Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
L1 Market, Tokens and Retail Community Sentiment
Recorded: March 28, 2025 Duration: 1:33:15Space Recording
Short Summary
In a dynamic discussion, leaders from HotCoin and Prasaga explored the evolving landscape of blockchain technology, emphasizing growth opportunities, user education, and strategic partnerships to drive mass adoption and enhance community engagement.
Full Transcription
Thank you. Thank you. Good morning, everyone.
Good morning, Michelle.
GM, GM.
Today's topic is L1 market, Tokens, and Retail Community Sentiments.
We have Michael Homan, CEO of Prasaga and Asim.
BizDev, lead at HotCoin.
Welcome, welcome.
Thank you very much.
Let's begin with introductions.
I've met Asim actually at different places.
Before, I know that he was at Hatcoin at ETH Denver.
I thought I was the first in line at a party, but it happens that he was actually the zero
person in line at the party.
And then I met him again from an introduction from one of my investor friends.
So welcome, Asim. Glad to have you here.
Can each one of you introduce yourself and share your journey into the blockchain world?
What drew you to join Prasaga and Hakoin, respectively?
Yeah, thank you so much for that introduction.
I'll never forget that party. And
it's funny too, I just came back from East Denver last time, well, for this past time. And I don't
know when it was in the air, but I was sick for like two weeks. So I'm glad to be back in California.
But yeah, so as far as me with HotCoin, I am the listing manager. I do business development.
I work currently incubating early stage projects as well.
And what brought me into HotCoin, you know, I've worked with several blockchain projects
and, you know, I've done projects over the past few years.
And it was really a cool opportunity to be able to transition into just, you know, the
BD and partnership role and being able to work with a considerable amount of projects at scale.
And it's just really amazing to see, you know, the elevation of the blockchain space and
to see how projects are collaborating with each other and what's going on in different
regions.
So, you know, I'm just happy to be here with you guys because I feel like you guys are
my friends at this point, especially with the in-depth conversations up here about the
tech.
So, yeah, thank you for having me here once again.
Awesome. Welcome.
Michael, do you want to do a little introduction?
Yeah, absolutely.
Michael Holdman, founder and CEO of Prasaga Foundation.
We are, I got into the blockchain industry
right around 2017.
At the time, it was all about IoT Internet of Things,
a very high-performance message bus that moves data
and controls between devices and systems
and just automates everything in your life.
What happened is we finally saw it prior to getting involved in
blockchain, we didn't see a road to utilize blockchain within the IoT system. And so just
because of the fact that you cannot put data over the blockchain and you need a blockchain that scales capacity, not transaction speed, because it doesn't matter.
But actually scales in capacity based on the demands of the network.
We saw the IOTA thing and knew that that wasn't really the way a DAG is not how you solve it.
You can't put a coin on a DAG.
But it did give us an idea
that maybe we can do something here.
So all through the last seven years,
we pretty much had to do everything exact opposite
of every other blockchain out there
in order to fix blockchain.
And that started with completely throwing out
the current architecture of smart contract data model
and UTXO, which are great.
They do what they do.
I can move a number from one place to another place.
I can move a number from one place to another place
very, very fast.
And I can have a record that that number moved
from one place to the other place.
I have absolutely no idea what was attached to that number.
Was it units sold?
Was there a cost per unit that I have to understand so that I can start to now maybe have a real monetary policy
where I can adjust the supply to the demands of the network,
the supply to the demands of the network giving me a clear global currency that has a stabilized
purchase power meaning a liter of gas is going to cost me the same amount where i am so those
kinds of things are what we had to solve for in here and we actually did solve for and we are now
implemented and have the
private testnet up and proving everything that we said we would do in order to fix blockchain.
And that's my start and my journey through here.
Awesome.
I'm interested in some of the aha moments for both Hotcoin and also Prasaga. And when these are started, I mean, I've been in the industry for a long time, right?
Payments for six years.
And then actually co-founded a crypto company like super early.
And just seeing the industry grow i i guess you know because i
think in 17 18 you know i think most of everyone what everyone said were were kind of you know like
not true to me at least personally based on my payments backgrounds and then now i've i've seen
a lot of changes and and you know to the point where the president talks about Bitcoin, like everyone in the world talks publicly.
So, you know, over the years, for both Prasaga and Hotcoin, what are some of your aha moments?
Go ahead, Ansham, you want to go?
Yeah, I think for me, one of the biggest aha moments, you know, being in a crypto space for such a long time, you see so many projects get hacked. And for a while, I was a little paranoid to work with any big project because, you know, it's not a good look, you know, to get hacked.
It's not cool. It's not fun for anybody. I mean, folks seem to be pivoting from it, you know, really's not a good look, you know, to get hacked. It's not cool. It's not fun for anybody.
I mean, folks seem to be pivoting from it, you know, really, really well, as they should. But
I think what has drawn me to HotCoin is the fact that they've been around since 2017,
and they've never experienced any like major exploits, or any major scandals, which I feel like is a breath of fresh air in this space
because, you know, crypto is considered
like the wild, wild west of the internet.
So I think that was one of my biggest aha moments.
Yeah, I kind of agree on that one, right?
It's the security of this and everything.
A-ha moments have been a couple over the time. The biggest one was understanding that
what everybody was doing, although yes, it works, the question that we were never able to answer was, but for what?
And realizing that everybody kept continually chasing the same,
or utilizing the same technical approach or architectural approach to something,
and knowing that they couldn't fix it or couldn't solve a problem with it, but still figured, okay, maybe if I just make it, accept more transactions or something, it's going to do something.
The other aha moment is what's going on now.
And part of the subject here is with retail and such like that. And the, uh, the changeover from the cypher punk, where we are here to fix the
world. There's gotta be a better, better way to do things to, yeah, who cares about the world?
I want to make a million on this coin in the next three minutes. Just like my, just like that person
said he did, that was online. And that person that was online and probably that actually at mcdonald's frying fries or something but people just see
something that sounds good it sounds like fuck that would make my life and they they gravitate
towards it so uh the aha moment is understanding that retail is really, this entire industry has turned off retail to a large degree.
And that's really the aha moment.
How do we get it back in?
And we better start to face that.
And I spoke to ICP, Hedera, Polkadot, and Flow at East Denver, specifically talking about this.
flow at East Denver, specifically talking about this.
And we need to come together as an industry,
start to be honest with what it is our capabilities
of each architectural deployment actually are
and where we fit within the spectrum of a blockchain.
Because unless we as an entire industry
stop fighting or stop this tribalism and start creating a layered
approach to make a better UX overall for the end user, the consumer, that they have absolutely no
idea that they're using a blockchain. Until that can happen, we're going to be kind of stuck here.
But those are what I'll say are my two aha moments.
Thank you both.
Regarding user experience and mass adoption,
Hubcoin offers a suite of services, including staking, swabs, wallets, and more.
How do these cater to both crypto newbies and pro traders?
I'm sorry, can you ask the question again?
Yeah.
So, Hotcoin offers a suite of services, including staking, swaps, wallets, and more.
How do these cater to both crypto newbies and pro traders?
Yeah, so we have a lot of different tiered setups, which makes it well for entry level and experienced traders, for instance.
Obviously, the more volume and the more consistently that you win, the more you get rewarded.
But we also have a lot of entry level services as well, like our future demo accounts.
So you can start off with your trading as well as, um, as well as, uh, copy trading.
Um, we do spot and perpetual future trading as well.
We do a lot of, uh, competitions, um, you know, for pretty much weekly at this point.
Um, you know, so you can kind of like get your, your, I guess your bearings loose and, um, see how you do.
Um, and yeah, I think, uh, one of the other great things about us is we're also doing
right now zero trading fees for the next couple of weeks. So you can kind of like come in and
experience, you know, trading without like the risk of, you know, losing too much for swap fees
or, you know, if you like do a bad trade or if you make like a really big trade. So I think that we're really, you know,
optimistic and friendly when it comes to both experience and new traders.
Also, thank you, Asim.
My next question is, what makes Hotcoins trading platform user friendly,
especially for global users navigating various regulatory and tech
environments? Yeah, so I think one of the most user-friendly experiences is our no KYC.
And now no KYC doesn't mean like it's a free-for-all. Every blog that you do is still
documented, like your IP address is documented, trade history is documented. So I
think that works really well. We also have really great customer service. So if you ever, you know,
have any issues, you can actually hit up our customer support and talk to a live person,
which I feel like the majority of these exchanges do not let you do at this
point.
So I think that's one of our best selling points at this point, being able to actually
have an issue and talk to a human on the other side of the phone.
Awesome.
Michael, how does Crisaga aim to simplify blockchain infrastructure for developers and
enterprises while ensuring
performances and compliance? Yeah, so that's a really interesting thing. There's been real focus
on this project. And I know it's detached from the way that everybody's used to doing it, but
we believe that this is the way to truly build a long-term sustainable project that has long-term sustainable capabilities or revenues and such like that.
And the revenues come off just a fee off the transaction fee.
In 2000, there was an article, and everybody's seen it on the Internet, and it was with the Daily Mall.
And it was December 5th of 2000.
It basically said, in essence,
millions leaving the internet in droves.
See no benefit.
Well, that's exactly where we are right now
in this world, in this blockchain world.
They were correct.
It was just a place for nerds and tech geeks
to go and play around and do things.
What the catalyst was at the time that turned it is when,
and this is very, very important,
when the internet stopped adding tasks to your life
and started delivering simplified tasks that you're already doing.
Until we do that here in blockchain,
there's absolutely zero mass adoption of this. People don't have the time to go on now and
trade a coin for eight hours a day when they get home from working 10 to 12 hours a day or something. So the adoption of the internet did not happen until it was simplified.
That's what's going to happen with blockchain.
And that's why we're going through and have a very large push with enterprise.
Because I always say it was the banks were the first real catalyst that produced mass adoption.
Why?
Because as soon as I didn't have to drive to the bank, and yes, we used to have to do that in order to make a wire transfer.
We would have to get in our car, drive down to the bank, stand in line, wait to get up to the teller,
and then put out a thing for a wire transfer, and it would happen over the next three days or something like that.
I think the delivery was. And then drive back home.
In order to balance your checkbook, and yes, we used to have to manually balance our checkbook back before 2000.
What you would do is you would have to call your bank a specific number and you would be able to
get a list of all the transactions that you did up to that point in that month because you only got
a statement delivered to you once a month through snail mail by a paper mail. As soon as I had an app,
I didn't know what the hell it was.
I didn't know what I was connected to.
Nobody did didn't matter.
It came from a brand I trust, my bank.
I mean, hey, my bank, but I still trust them enough to have money in there.
And all I had to do instead of driving to the bank was type in a name here, a name here, an amount here, and hit submit.
I'm here, I'm out here and hit submit.
That's when adoption came.
That's when adoption came.
That's why we're focused and delivering services through enterprise to their customers without their customers having any clue of what the underlying technology is that's making it happen, but wants to use it because it simplified something that's already taken them a while to do.
And that's what we really have to focus on. Web3 is focused on ourselves. This entire industry is
only focused on Web3 dgens. We're not focused on how do we bring other people in and what these
projects end up doing. You take token from one and you move it over to another. One project goes and gives a grant to a project on another chain in order to migrate over to there.
And then they migrate back and forth.
It's a big game here.
And we're not getting any further in this industry.
We have to start to simplify tasks in people's lives.
And that's what we're here to do.
And that's why we have the approach with enterprise.
Awesome. thank you. Then I have two questions about the tech and innovation.
For Hotcoin or Asim, Hotcoin uses AI and machine learning for risk management.
Can you give us a behind the scenes look at how that works and protects users?
Yeah, for sure. So basically, it there's like a few different ways that technology kind of works. So basically, it's like
part of like our 24 seven, um, risk monitoring, uh, where we track, uh,
wallet clusters, cross chain movements, um, and trade patterns to prevent manipulation and
wash trading. Um, so that's kind of like the way, like the AI, you know, works. It kind of like
tracks, uh, what's going on. Um, it might even send like, you even send its own test transactions simultaneously to protect the
verifiability of the trades and to make sure that there's nothing that's being extracted
in a regular way or that anything's being bundled and dropped. So that's kind of the basic risk management,
which is really important when it comes to exchanges
like getting liquidated or what you saw,
what was happening with the jelly coin.
So these things with a hyperliquid,
so these things are all really important to have in place.
Awesome. Thank you.
Yeah, AI is pretty cool,
especially for an exchange.
So I'm kind of excited that you guys are using it.
Michael, what role does innovation
in layer one architecture play
in pushing blockchain adoption forward,
especially in non-crypto industries
like logistics, finance, and healthcare?
Michael, I think you're still muted.
So my question is, how does Prasaga aim to simplify blockchain infrastructure for develop?
I mean, how does? Yeah, no, I got it. I got it. Sorry about that. Yeah, I was muted.
No, sorry. So last week we were in Washington, D.C. area in Reston, Virginia, for the quarterly one meeting of the Object Management Group and the Digital Twin Consortium.
Object Management Group was started in 1989.
It's a global standard organization that's writing standards based around object oriented paradigm.
It's when I'm speaking to them there or when I'm speaking to other organizations and this is Johnson and Johnson and FedEx and De Beers and Paul Brody for crying out loud over at Ernst & Young came out and stated that permissioned chains are not adding any benefit to enterprise. And that's absolutely true. Because in a
permissioned environment, you still have only a few different nodes that you have to go to,
to make any changes to any data to manipulate it. That's where the immutability of the public chain
gives you that. Now, the enterprise is all worried about control of data. We have solved for that,
just like we've solved for every other issue that any blockchain has that can be solved for
by doing these private enclaves and such. But the layer one has got to be able to have the
functionality that delivers needs to enterprise and consumer.
And the biggest one that that is, that everybody that looks at that auto demo that we did for
Bosch Engineering says, you just gave me auditability. You solved provenance.
A pharmaceutical company, when I showed that demo, actually stated, you just showed me a platform where I never have to worry about any regulation that comes out from the FDA or any other health ministry.
in a mutable environment where I have an immutable record of anything that ever happened to anything
we ever possessed from cradle to grave from now until forever is sitting. So any regulation they
come out with, there is no data that I don't have immediately accessible and immutable that I can't give to them right away.
And that's where it comes in, comes down to. And that's what this layer one, especially,
and just everybody understands we're much bigger than a blockchain.
What we created is a persistent state data management extension of the internet,
really big words. What it means is that every single
individual on earth and every entity on earth has their own private, sovereign, locked container on
the internet. Every asset that you own sits in your container. The only way anybody ever has
access to anything that you own is by you giving them a key in order to gain access to that
and go and access your health records or your, um, or other documents and anything like that.
And it now gives you, whether you're a creator, um, in, uh, music or video or artist or a research,
pharmaceutical research firm, a supply chain, anything,
you now have control of all of the state,
everything that ever happened to anything that you touch cradle to grave
anything that you touch cradle to grave in this individual sovereign locker.
in this individual sovereign locker.
And it just happens to be verified and made immutable by the world's most
high capacity scaling blockchain ever.
And I would love to have conversations with any of our fellow layer one founders that want to try to dispute that most capacity scaling ever.
Awesome. Thank you, Michael.
So the next topic I wanted to touch upon is education and support.
topic I wanted to touch upon
is education and support.
And for Hotcoin,
Asim, how do you educate your community,
especially new users,
on trading safely and making informed decisions?
I feel like over the years
there are more and more coins, right?
We have, we went from
anywhere between
tokens,
you know, with utility
to security tokens to meme coins and NFTs. So like, it seems like
a thousand tokens are generated now, like really easily. So how do you let your community know
about trading safely? And how do you educate them to make informed decisions when they trade
that's a great question um and it's a very important question because 90 of traders lose
money let's be honest and it's not because well the market can't be unfair sometimes but a majority
of it just comes to not knowing what they're doing. So because of that, we've created a platform
for this. So we have HotCoin Academy. It's a fully educational hub. We have beginner guides,
pro content. So we teach you, for instance, how to leverage responsibly, how to avoid liquidation
traps and hedge risks. And for the pros, we have like AI power trading
strategies, on-chain analysis, advanced derivatives. And we also provide insights
within various industries, you know, from DeFi to real world assets, NFTs. And we also do weekly
reports and trading insights. You can also check out, out, as you look at our Twitter, you can see that
we do a lot of research that we post on coins daily and weekly. So you might be able to catch
one of the next runners just from being on our timeline, just having access to so much data and
so many projects that are getting launched all the time. So we're definitely doing a lot in that
front to make sure that people, at least that the information is out there for people that want to that are getting launched all the time. So we're definitely doing a lot, you know, in that front
to make sure that people,
at least that the information is out there
for people that want to seek it.
Awesome.
Awesome.
Everyone, if you haven't followed HotCoin already,
please do follow them.
Seems like there's a lot of alpha from their Twitter,
our ex-posts. So my next question is pretty important alpha from their Twitter or X posts.
So my next question is pretty important and it's regarding Hotcoin's customer service,
which means that if someone's hacked, if they can lock into the wallet, if their funds get
stuck, can you speak about the availability and responsiveness of your customer support
team and how that shaped your user loyalty?
Can you repeat that, Michelle?
Was that to me or Asim?
It's for Asim.
Okay, go ahead. Asim, because for Saga, we don't have customer support yet, but for Asim, can you speak to the availability and responsiveness of your customer support system and how that shape user loyalty?
So I, you know, as a user, you know, for different exchanges, you know, sometimes you might get hacked and you have to contact customer support or your money might get stuck or you can't move things out.
So how is Hatcoins customer service?
Yeah, sorry, I missed that one.
So, yeah, I was touching on this a little bit earlier.
I think the most important and key point is that when you go in our app and you have an
issue and you press that chat button, you will be talking to a human.
You will not be talking to an AI feedback
group. Now, I know we all have AI here, and this is not like a shot, but I think there are certain
issues that we all know that we've been in these circumstances where it's kind of a little hard to
explain what exactly is going on, but you will be talking to a human that will provide you with a
solution. Now, we also provide multilingual support. We have a huge international market.
We're available in multiple countries.
So if you do have an issue, you will be able to also, you know, find language in your, you know, your, I'm sorry, find assistance in your language.
You know, we do English, Chinese, Korean, Vietnamese, and a lot of other major English. So we're trying to make it accessible to our diverse user base.
And like I said, we also have multiple ways that you can contact us, from live chat to email support and VIP and institutional support.
And once again, we have our educational resources.
So I would say that we've been doing a good job in the customer support front.
Awesome. Thank you.
So my next question is really about community engagement.
So for Prasaga and Michael, how do you engage with your community for feedback and growth?
And what are your thoughts on using rewards, a airdrops and gamification to deepen community engagement um so yeah i you know it's uh
um i i try to be uh to to be part of the community as much as i can um with all of the
everything that's going on in the background. I'm also trying to, I don't know what the terminology is,
to try to simplify what it is and get to,
instead of what we have or what we did,
get it to what it does for you and creating that.
you um and creating that now right now there's some you know we we did list uh opened a launch
Now, right now there's some, you know, we did list,
pool last night on uh on um gofundmeme which is a meme based uh uh uh exchange uh we we did it
however because they were really looking for a layer one to show the power of what their actual
launch pad is uh it just happens to be a bunch of what their actual launch pad is.
It just happens to be a bunch of memes over there.
But, you know, there's questions in the community.
We're trying to best answer that.
All we can do is try to answer in a way that will satisfy,
or at least that they'll understand that we're doing.
Sometimes I do have a problem with that.
I'm the first to admit.
And then, you know, try to make sure that we can identify those that are just in the
community to cause friction for whatever reason and try to either persuade them to be more positive and help out instead
of just complain about everything that's wrong.
And that's one of the things that, you know, that's just how the world is, right?
It's very easy to complain about what's wrong instead of offering how can this be fixed
or something like that.
We really want to engage with the community at a level that, I mean, at some point, this
entire project belongs to the community.
This will be a full DAO automated, the monetary policy automated, voting structures automated.
Everything will be in full control of the community.
It'll take about four to five years to bootstrap that.
But just as Charles did over at Cardano, although we're going to take a little different approach to it,
but just like Charles did over at Cardano, he kind of stepped away from the thing and there
is a community board and everything that's managing that. And that's supposed to be the
ultimate goal of this industry, is to get to a decentralized world where it's community managed,
where you don't have to worry about the Fed raising interest rates
because you have a monetary policy that creates a dynamically adjustable minting
in order to make sure that you can have trust that if you accept something as payment one day,
that the next day it's going to hold the same value so that you can use it to pay somebody.
Because that's the one thing this industry missed on.
I always blame it on Wall Street and Saylor and everybody that took this over.
But they destroyed what Bitcoin and what this industry was supposed to be,
which was a simple person-to-person cross-border transfer so that when you're sending money,
you're not paying the fees that they're charging you at a Western Union, at SWIFT, at IBAN,
Western Union, at Swift, at IBAN, all of those different intermediaries, this was supposed to
get rid of that. Instead, we just went ahead and let Wall Street take over and centralize everything.
So definitely want to have to engage with community, get a strong community. And, you know, I do what I can in order to be
engaged and make sure that at least they know where I am. And hopefully we're able to,
as people start to learn what this does for you instead of what it does, I think we'll,
that's where you really start to get growth and such in the community.
Again, for mass adoption, simplify things that they already know and they're doing.
Awesome. Thank you.
Asim, what is your view on Bitcoin and community and asking the community for feedback and growth,
as well as using rewards and eardrops to deepen engagement from the community for feedback and growth as well as using uh rewards and eardrops to
deepen engagement from the community yeah so we do a lot of uh cool incentives for the community
um like i was saying we do like a lot of really cool training competitions um where like you have
like we you could turn like a you know one sum of money into another sum of money um especially for
like new token launches.
I think these are really cool. I definitely think there could be an improvement.
I think one of the unique aspects of HotCoin as well is, you know, it's why we have like,
it's a very international platform. The majority of our users still come from like the APAC region, you know, Asian Pacific Islander region. And I think like I'm probably one of the
few North American leads. So it's kind of an interesting for me to approach, you know,
things from that standpoint, because when I'm talking to most people out here, they haven't
really heard of HotCoin. So it's like an interesting space where we have this like
opportunity. And, you know, a lot of projects have this opportunity, including Prasaga, where it's like really new. So you're able to, you know, kind of like create
a new grassroots community. And that's where you can kind of like experiment and do like really
fun initiatives and campaigns to grab people in ways that you might not do traditionally.
So I think we're at like a really exciting time right now to like experiment with like what it looks like
to like build new communities.
Awesome.
I wanted to kind of like touch on L1,
the layer one market,
tokens and retail community sentiment,
you know, just basically the topic.
I mean, from HotCoin, I'm sure that you see tons of projects every day.
What is your view on the layer one market, the tokens that are coming out, and the sentiment
from the community?
Yeah, that's a great question. I am always fascinated with the volume of new
layer ones that are created, just because it's just so fascinating to me that there are so many
smart people building so many smart things, right? You know, uh, that don't trade, you know, they'll ask me like, you know, what,
like, where do I go at this point? And I always, before I even answer the question, I always just
ask how deep down the rabbit hole do you really want to get, um, when it comes to, uh, where to
go now, because there's so many different options. Um, there's so many different flavors. Um, you know, that being said, I think when it comes to, uh, with us, we have, I think we're at this point,
like we're, we've listed at least like hundreds of projects, different projects. And I think the
most important project, um, you know, aspect of, you know, keeping, um, a successful community
and keeping a project float is really just like, uh, healthy liquidity. And what I mean about
healthy liquidity is a project that's consistent, you know, enough where it's not just like,
you know, going up like 500% and then just dumping, you know, like folks that are like interested in investing
in like the actual layer ones, you need some consistency in the volume for it to be sustainable.
Otherwise people are just going to dump on each other. And then you have folks like online,
like blaming each other and complaining. So yeah, I think what's really important is just like focusing on those, like what those tokenomics look like. Um, what are the incentives? Who are your
institutional partners? Uh, where do you, not only an enterprise, but a retail level. Um,
I think all of these come to play, uh, as far as like, uh, successful L1s and how are L1s working
with each other? I know like a lot of them, you know, always, I mean, it's, you know,
it's business. So every, you know, L1 wants to be the best L1,
but I think the better you're able to like interact with the existing ones,
it's kind of better for everybody because you have that like liquidity
flowing in a healthy way.
So that's my two cents.
Thank you, Asim.
So, Michael, so my question for you is, you know,
with 10,000 L1s out there, how is Pristaga the purple cow?
So there's a book called The Purple Cow, right?
And it's been by an entrepreneur talking about how in marketing,
you want to be different.
If you're not different, you're basically part of the ocean.
And nobody will remember or know you.
So how is Chris, I got different from the rest of the L1s?
Yeah, and thank you very much.
And that's kind of what, it's a blue ocean strategy, right?
You're out in the middle of the ocean with nobody around.
Red ocean is you and all your competitors.
And so how do we separate ourselves?
Well, the first thing is we just followed the advice of Albert Einstein, where you can't solve
problems with the same thinking used while creating them. And that's very powerful.
is that you're looking every single blockchain out there outside of the DAG,
but DAGs also have smart contracts somehow through a layer too with them,
has followed a data model, a smart contract data model,
or they've done a UTXO data model.
a UTXO data model. Those are data models. The smart contract data model is exactly the same
Those are data models.
as Microsoft DOS operating system was. You can run one program at a time, it takes the resources,
time, it takes the resources, and that's it.
So what we had to do, because we have been involved in this industry since 1978, wrote
protocols, we're on teams that wrote protocols or wrote the protocols that turned ARPANET
into the internet, the internet into the World Wide Web.
And we understand how networks work.
We understand how multi-core processors work. And we use an analogy about groceries. So in a
smart contract platform, you go to a grocery store, you fill your basket up, and then you come
up to the checkout lanes. Well, lane one is pork. Lane two is beef.
Lane three is broccoli. Lane four is peas. Lane five and so on and so forth. So what do you do?
You go to lane one. You wait in line. You get up to the register. You go ahead and you pay for that
transaction. And then you turn your card around. you go over to lane two. You wait in that
line. You go ahead and you get up. You move the, you give the, you do the transaction. Then you go
to lane three. How many lanes do you have to go to in order to do this? This is how the data model
works. You cannot get around it. I don't care what anybody says. This is computer law stuff.
So what some have done is they'll peel off a couple of
transactions, like a near and a multiverse and such, and they'll send them over to register two
in order to complete the transaction, thinking that they're going to go out and say, oh yeah,
look, my transaction speed is so high. Well, guess what, guys? Regardless of how fast lane two did your transaction, you still have to go back to lane one to get your receipt because the smart contract is a single data set. capacity in order to grow as necessary and come down until you could change, until we changed
the actual data model that was used as a basis for blockchain architecture. And that's what we did.
That's the difference. You now have an account on the blockchain. what i mean by that is when you're in a smart contract
platform you have a wallet you don't have anything in your wallet that's nothing that's a viewer
of of a of something you have out there that you possess so when you open up when you get a new
wallet you get an account number assigned by a smart contract on the blockchain. Great. This is your account number.
Now, every single time you want to purchase a coin or something, your account number is going
to be placed in that smart contract. And then that beautiful UI, that wallet that you have,
shows you that you have rights to something that sits in a
smart contract somewhere in the world, but you don't actually possess it. It's not in your wallet.
And then you can move those wallets around and you have now a wallet that's connected to numerous
smart contracts that gives you a viewer. So that is, people think is an account.
It's not.
It's a number that you're moving and populating different smart contracts with to give you the rights to have a possession to something that's in there,
as long as nobody takes it.
What we did in our new data model,
the Metaclass Object State Data Model is what it is.
You now have an actual account.
So you have an account that is a container because in this new object-oriented blockchain model, objects are objects, classes are objects, and you can put objects inside of objects.
And that's the most technical I'm going to get.
How that works?
You have one single global instance of code that defines what an account is.
It's called class account.
You want to open an account.
You're going to go into a browser.
You're going to go into a Prasaga Saga chain.
You're going to find class account,. You're going to go into a Prasaga Saga chain. You're going to find class account.
And you're going to say create account.
Up's going to pop a screen just like it does with your bank or anything like that, right?
How do we get the user experience to be the web too?
And then you now create account.
Well, as I said, objects can go inside of objects.
That account is an object.
So now I can put any asset that I have,
an object is an asset, and an account is an object, but it's an account object.
An asset object can go inside of my account. I possess the state, all of the data and everything that ever happened to that asset.
I possess that.
It's not sitting in a smart contract somewhere.
It's actually in my account.
And that's really the separation there.
So we allow you to have anything you want.
So when we go back to the grocery store, when you walk up to lane one with your cart full of all different kinds of things, it doesn't matter.
You can pay for every single thing at that one single shopping.
And that's where our difference between us and any other blockchain out there is.
We actually deliver real world utility and function, not just a way to move a number between different computer arrays.
And a smart contract is just a computer array. And I'll stop there.
Awesome. I have one final question and then we're going to go to the tutor section. For the tutor
section, the speakers, Asim and Michael will pick, I think Pr Michael, will pick two questions from the Twitter post.
And Asim, Hotcoin, will pick three questions.
We will announce the winner of the question.
And then after that, we will have live statement where the community can basically raise your hand and ask your questions.
You will basically win about 5,000 Prasaga coins.
We will have 10 winners.
So my last question is for Hatcoin, Asim.
What is one piece of advice you would like to give to traders entering the Web3 spaces today?
That's a great question.
The first question is get educated on the space in general.
If you don't know where to do that, please check out HotCoin Academy.
The second piece of advice is figure out what you want to invest in. You don't have to invest
in everything and anything. Don't listen to everything that everybody tells you because
they're going to tell you to buy a bunch of stuff at the top and then you're going to be sad.
Always never invest more than what you're willing to lose. But once again, just pick like a few projects
that you really like, especially ones that are up and coming with like motivated teams,
because those are the projects you can ultimately build alongside, you know what I'm saying? Like
you can become a full-time community member and, you know, build a community within another project and help pump
your bags together. So yeah, just stay sharp and stay diligent and never get discouraged because
there's always another way to make it in this industry. Okay, thank you, Asim. And if you
haven't followed already, I pin a few posts. The first one is, Hotcoin. You can follow their Twitter account.
Then the second
is about the Prasaga
pre-sale that's going on at GoFundMeans
right now. And then the third pose
is really the questions
that the community have for Hotcoin
and Prasaga, which
is the original pose. So, Michael,
for you, from you,
what is one piece of advice that you wanted to provide
to the builders that wanna be involved with Prosaga today?
There we go, sorry.
Yeah, this is, understand we're coming to this project.
We need everybody.
This truly is a project that was created to scale to 8 billion people and offer a underlying foundation for all global transactions, financial or other.
And we do scale to that.
that we do scale to that capacity there's there's no doubt we're uh we just got our our first named
We do scale to that capacity.
There's no doubt.
code uh uh release out um so people can now download and set up to 50 shards and however
many nodes they want and accounts and start to build their apps and test them out before we go
to public test net understand that there's um you know there's still a ways we go to public test net. Understand that there's, you know,
there's still ways to go to mainnet, not bar.
That's one of the things that we do
and talk about incentives.
If you go into and purchase a coin,
you can actually stake that RAP Saga coin
that we just listed,
and you can earn 12% over annual on stake awards.
And then when it bridges from the RAP Saga coin
over to the native Saga coin, earn another 12%.
So it's basically just around 25% total yield
that you'll earn over a 12-month period.
We're doing everything.
The technology is very advanced.
We've got done with all of the functional code. Now we have to do the operational stuff, the optimization and things like that to go to public testnet. But we need you. We need everybody. We need projects. We do have a grant program open.
Saga Python so that when enterprises come and need support in their development, that
we have developers that are fluid in Saga Python and can go ahead and contract with
the enterprises that want to hire them.
Remember, this project is here to not be in business.
We're here to enable businesses to build within this new internet realm.
And go out and talk about us. Participate,
take advantage of the yield, and any thoughts or advice or anything you have, go out to your local meetups and such like that. All those things that we really want to see happen now. We are a cypherpunk project
through and through. And we're looking for those cypherpunks out there to come and join.
Awesome. Thank you, Michael. So I think we're done with the first section where I basically
ask questions for Prasaga and Hakoin.
Now we're in the second part of this AMA,
which is community questions, questions from the community.
And this is from the X posts.
So we do have, I'm going to start with Prasaga questions
and then go with Hakoin questions.
So our guests have some time to pick the questions.
So for Prosaga, I think we do have two questions.
So the first question and the first winner of our 4 or 5,000 Prosaga coin is PopCoin2094.
And his question is, how does Sega coin improve blockchain scalability and transaction
compared to traditional blockchain model?
Can you repeat that first part of it? I got cut out on the very first part of the sentence.
Yeah. How does SegaCoin improve blockchain scalability and transaction throughput compared to traditional blockchain model.
And the question is from Popcoin underscore 2094.
Great question. It's because we actually scale capacity and because we actually have a monetary management policy that works.
policy that works. That's proven. It's been working for centuries to have a supply that
circulates on demand. In fact, I always go to casinos. Everybody wants a quick example.
A casino must have as much coin in the vault or as much cash in the vault as they do chips on the floor. They cannot have any less.
They don't need more, but they need to have that.
And we kind of modeled after that.
We don't need big inflation over and above the demand of the market
as long as we could figure out a way to adjust the supply dynamically.
So we block rewards.
Some blocks may pay more than other blocks
based on the demand presented by the transaction velocity.
And this algorithm runs.
There's no human manipulation here.
And so what that allows us to do is over
time, and we do have a 237X appreciation of purchase power over a 30 quarter period,
because we believe it's going to take that long to build up the internal blockchain economy enough to measure the internal cpi and gdp the indices of the actual blockchain um and uh
and so you see appreciation in the purchase power so if uh if saga coin native saga coin uh listed a
dollar um it'll be 237 dollars worth of purchasing power over 30 quarters, as long as we hit each of the metrics in there.
But yeah, very good question. And we're doing everything we can to ensure that you're going
to be able to buy milk with a stable thing. And I always go to Turkey. Imagine if you took the
Turkey Lira and you bought $100 worth of Saga coin this of saga coin this year turkey has a 45 inflation
rate next year you go ahead and take it back out you're going to have 145 turkish lira and i don't
think i can explain it any simpler than that we solve the problems of high inflation rate in
different sovereign nations awesome thank you mich. And then a second question from the community, from the
Expos. It's actually, it's from Nicholas Galatioto. So Nico basically is the second winner of the
Expos question. And his question is, what steps is Prasaga taking to ensure that its retail community sees real value from their participation on the platform, whether through incentives or accessibility?
Great question.
And one of the toughest things that I, it's one of the things that I think about on every decision we make over here and a lot of people don't like the decisions necessarily because
maybe they don't understand the core vision or purpose for this thing we're based around four p's Nakamoto tried to do before Michael Saylor and the other people up there in Wall Street took it over and started making it another speculative asset with no regulation.
And look where that got us.
Yeah, some people are very rich.
My question is there's a complete financial collapse globally.
How many animals will Michael Saylor accept in barter to get some Bitcoin so you can pay something?
except in barter to get some Bitcoin so you can pay something.
Bitcoin dream is gone in terms of being a person-to-person,
reliable payment exchange of value.
So we have to, you know, that's really the crux of where this is.
Retail is the most important thing. So that's why we opened
this up on GoMean. You can put in whatever amount of salon you want in order to access
wrap PSC in order to take advantage of a 12% stake yield for a year and take advantage of a 12%
bridge yield when you convert over.
That's all this project is about, is about retail and trying to make sure that you have
the same access that everybody else has and also make sure that you're not the liquidity
for everybody.
And that's the biggest freaking problem here.
Everybody keeps chasing, oh, this project must be the best in the world because it's got all this.
You've got $200 million from this VC.
Well, guess what?
That VC is going to have them spend that $200 million convincing retail.
It's the best thing since sliced bread.
And then, boom, there goes retail again as the suckers in this industry
and it really does upset me and uh that's what we solve for that's that's the biggest thing about
this and that's my main focus on any decision i make how would this affect retail i'll stop there
awesome uh thank you um thank you michael Now let's go to HotCoin.
The first, the winner, the third winner is Lucas Duong.
And his question is, how does HotCoin plan to expand its market presence globally?
Are there any key regions you are focusing on?
are focusing on? Yeah, that's a great question. So yeah, like I was saying earlier, our primary
Yeah, that's a great question.
audience has been the Asian Pacific Islander audience. We're based in that area primarily
in Asia. So I am the North American lead. So I'm really excited about, you know, uh, helping us expand out here. Um, and
also to different, uh, other countries, uh, we're looking heavily at, um, you know, like the African
region, uh, like West Africa, we're also looking, um, you know, at Latin American countries. Um,
so I, I think, um, you know, having this like grassroots, uh, approach, uh, is going to be the end game for expanding to different regions, for sure.
And then the fourth question is from Divico Engineer.
So the question is, what initiative does HotCoin have in place to educate retail traders about the complexity and risks associated with trading L1 tokens?
And I guess you spoke about it a little bit earlier, but this is specifically about L1 tokens.
layer one tokens? Okay. Yeah, that's a good question. Um, I would still say hot coin
Okay, yeah, that's a good question.
academies, um, the best, uh, solution and resource for that because, uh, we go through
in-depth topics. Um, and I think, uh, when it comes to layer ones in general, I wouldn't say
they're very different from, you know, any of the, uh, the other, you know, protocols and networks that
you, you can invest in or tokens that you can invest in in general. Um, it's just a matter of,
you know, just being aware of what the mechanics are each layer one, because each layer one still
Layer 1 still has different mechanics.
has, you know, different mechanics. Uh, they, they operate, um, with different, you know,
They operate with different coding languages.
So I think it's just more being aware of what Layer 1s that we are listing and really just diving into the docs of that respective Layer 1 as well.
Awesome. Thank you.
And then the last question from the X post is from Tina.
And then the last question from the X posts is from Tina.
And her question is, does Hotcoin offer any incentives for new users, such as bonuses, referrals, rewards, or lower trading fees?
Yeah, so that's a great question.
We offer all of the above.
Of course, we have your traditional referral program for referring new users um you
can like go on the app uh when you make your account you can share your referral um code
and folks inside of that way um like i said i'm still really bullish on these trading competitions
we do per uh trading competition spot and futures um because they're a really fun way to just like
test your you know your trading strategy um and we have to just like test your, you know, your training strategy.
And we have like different like leaderboards so you can kind of like compare how you're doing to
other folks and share those pools as well. And we also do partner with the projects that we list,
like, you know, the spaces that we're doing today was Prasaga where we do giveaways as well.
So I hope to continue doing those,
especially as we, you know,
continue doing like even like real life events and whatnot, you know what I'm saying?
Doing giveaways there.
So yeah, just always stay on the lookout
at our Twitter page and keep your notifications on.
Awesome.
I'm looking forward to some hot coin stocks.
Oh yeah, yeah.
We got some merch coming. I have some hot coin socks. Oh, yeah, yeah. We got some merch coming.
I have no hot coin swag.
But I do have a Prasaga cap, like a pink one.
But I found, actually.
It's awesome.
Okay, so we're going to go to the live statement of this.
of this. And
And how this works is there will be five winners.
how this works is there will
be five winners and
Prasaga
is going to
have
people from the community who
will ask questions and Hakon
will have three people
from the community who will ask questions
and I usually want to allow the guests to pick
because I know a lot of the winners already.
And so I don't want to be biased.
So why don't we, Michael, why don't you pick two speakers
from the audience and have them ask you questions?
Okay, let me see here.
Who's got...
Feel free to raise your hand.
Yeah, so...
Okay, I have not before.
So how do I...
I have to go into the request thing here, huh?
Where's that?
Yep, requests two.
I've only got two, so guess what?
Zinda and Kea will be my two.
Go ahead, Zinda.
Or Kea. go ahead okay
you're on mute
yeah there you go okay my question is how do uh what are your primary revenue streams and how do you plan to achieve profitability
in a volatile market thank you uh can you repeat that i heard the profitability in the market
i i do one more time i'm sorry there was background noise with your wind
okay i said uh what are your primary revenue streams? And how do you plan to achieve profitability in a volatile market? Thank you.
Yeah, no, thank you very much. So this is weird, because we will never be profitable. That's not the mission of the foundation as a nonprofit.
That's not the mission of the foundation as a nonprofit.
The revenue fees will come from one place.
And that is a dynamically adjusted fee on the transaction fee itself.
So if the transaction fee, if we say that we're talking about setting a base of like a quarter of a penny.
We're talking about setting a base at like a quarter of a penny, and every transaction in the world will be done within 30 seconds, plus whatever your state, the amount of data that has to be held that, of course, is in there just like on every blockchain.
And every transaction in the world will be done within 30 seconds.
a fee in order to support global operations.
The fee will be dynamically adjusted based on the demand,
the need for the operational expenses
for the global foundation.
And that includes a venture studio,
that includes a global innovation and research institutes,
that includes a standard development organization,
that includes the philanthropic fund. All of those things are
covered in this circular economy. And as the transactions increase, that means that transaction
fees will increase. And that means that the base for the fees will increase, which at some point, OPEX globally levels out.
And now, as more transactions come in, the fee that has to be taken out of that quarter of a penny reduces.
And that's the objective here. How do we create a fully decentralized global community that has full authority over the monetary policy? central banks removing money from control of the state, putting it into the hands of the community,
And that's the objective here.
and created a system that will support all of the things that the global foundation,
nonprofit, has to do in order to operate. And incentives to the community are huge.
And it's one thing I didn't answer before.
We love doing bounties, airdrops, things
where people participate to learn and to help educate.
I don't think airdrops, just to do an airdrop to a million
people, that's the first thing that I've seen to kill a coin.
But if people are actually engaged and involved,
we want to reward them as much as we can.
And then Zenda, I believe you were up.
Yeah, thank you very much.
much i'm audible yes sir okay my uh question uh uh goes to hotcoin so i i want to know your your
I'm audible?
Yes, sir.
your plans on on on addressing a scalability issues as the number of users on your platform Thank you. Can you repeat what issues?
Okay.
I want you to elaborate more on how you address scalability issues as number of users on your platform.
Oh, scalability.
Scalability.
Got you.
Got you. Yeah. No, that's a great question.
Scalability is a very it's a very unique process. Right. Because you want the folks that come to your platform to be consistent.
We want folks to actually stick around and continue trading. So I think we're doing two really cool initiatives right now. One, like I said,
these trading competitions, but two, we're offering zero trading fees for folks to trade right now.
So I think that's like a really great incentive, especially because we list a lot of coins.
We list layer ones, we list meme coins, we list everything. So I think right now is a great time to kind of like come onto our platform and, you know,
experience the communities that we have because there's a lot going on.
Awesome.
Michael, do you have your two questions?
Well, that was one of mine.
On the request or out of the comments? The life.
Yeah, it looks like we have one each. Exactly. So there's two more requests in there. So I'll take Chris and see if that's about me. Okay. And I assume you can have Alpha. Yeah, for sure.
And I assume you can have Alpha.
Yeah, for sure.
Chris?
Kryptochenko, you're up.
Maybe he left.
Are you on mute, he or she?
Okay. So on to the next.
And next one would be Alpha. Do you have a question for Prasaga or for Hotcoin?
Hi, Mr. Holdman. Can you hear me?
Yes.
Hi. Thank you for letting me speak.
I have a question for Saga.
I was just curious, and I apologize if I missed this because I joined late,
but who exactly is Saga chain targeting?
If you're targeting anyone,
what would be your main user base?
So the ultimate goal is 8 billion people.
That's what this is built for.
It's to give that underlying foundation for all global transactions,
financial or other, create an interoperable platform
with a method of exchange that allows, whether they want to or not,
I still believe in individual
freedom.
It allows anyone with ambition to have a fair level playing field to participate in a global
economy.
And that's really what this project is about.
So our target audience is that 8 billion people.
Now, how do we get mass adoption
and that's the problem and the only way that i know is how the internet did it and the success
came through simplifying tasks in everybody's daily lives instead of adding more tasks to it
the problem was instead of going out and going fishing or playing ball or something,
when we simplified those tasks, I didn't have to drive to the bank anymore for two hours to wire
transfer. You got on Facebook. So you're still stuck to this. And then you got suckered into
that, this social virtual friend thing. And that's where we're kind of in now, this, this anon world
that says whatever the hell they want to say because there's no ramifications or anything like that.
It was a whole different world when I was growing up in the 60s, 70s and 80s.
And you were face to face, even in the 90s and early 2000s.
is to bring a fair, interoperable ecosystem
with a method of exchange that people can trust in
to be able to utilize for their daily lives.
If you have time, I'd like to ask one more question.
Yeah, sure. Yeah, it's up to the team.
Yeah. So along with that, I'm glad that you had mentioned, you know, the challenge of onboarding all those 8 million users. And I was just curious because, you know, Saga is so unique in certain ways.
I've been following for a long time, specifically the dynamic token supply.
What sort of sounds like how stable coins issue tokens, but not really to balance the market cap.
So I was just wondering how you're going to explain this to people that for the most part,
they just understand either there's a fixed supply or there's a not fixed supply.
And when there's a not fixed supply, it's generally, or generally, excuse me, viewed
as negative. But that doesn't mean it always is. So I'm just curious.
Right. Well, yeah. So first of all, the whole fixed supply thing, that's the dumbest thing
that could have happened. That's what turned everything into an investment a highly speculative investment vehicle or instrument instead of being a way to
send money across border to your family where you didn't have half of the money taken in fees by the
people that are there so you can tell i'm passionate about this this is the real fucking problems that
are in this world.
And we don't care about it because we're just worried about,
oh, is this meme going to get me $1 million tomorrow?
And guess what? It's not.
So we need to make sure on this monetary policy that we are able to deliver something that will at least give people trust
in being able to utilize it. You can't exchange value with something that people don't trust
that there is value there. The reason that we went with an inflationary
and it's not an inflationary and i'll go back to ethereum remember ethereum has no max supply right
everybody is aware of that the thing is most people don't know but yes yeah no there's zero
there's no max supply in ethereum what what happened though and this is what nobody's getting, Ethereum has topped out about
120 million coin. That's because that's all the market demands of it. Ethereum is able to meet
all the demands of the market with only 120 million coin. Ethereum, you cannot do supply
chain on Ethereum. You cannot do a dynamically adjusted minting rate on Ethereum because in a smart contract, you don't know what the transaction was for, how many units were sold or what was the price per unit.
You just know that a transaction happened.
going and taking the same approach as traditional kind of more fiat-based systems have and more
towards the previous gold standard and our monetary supply economist and probably the
leading authority on monetary policy in the world.
Chair of the Economics Department at Georgeason wrote his first uh paper on
digital assets in 1989 was a cons was uh consulted or gave advice to zabo and finney uh he was in
the original cypherpunk uh he and george selgen who was one of his uh students and the professor
at george uh at georgia university actually are there are thought to be by some as the inspiration for Bitcoin.
That's the guy that designed our model.
And what it does is allows us, because of our architecture, we're the only blockchain
that can do this.
And because of the knowledge of how money works, we now have this system that we hope is going to deliver
what we set out to be, and that is to be that global monetary method of exchange.
Does that answer it?
Yeah, absolutely.
That was my last question, and I'd just like to thank HotCoin for allowing me to take up the time and then Saga for letting me ask the question. I just want to say thank you. And if you could pass on to Mr. Phillips to thank him for his time. We had talked about education of the community for a while.
a node business where we advise projects about node running and things like that, yada, yada.
But one of the things that we always advise with their projects is just to educate as
simple as possible.
So I'm looking forward to see how you guys do that.
I remember back in the day when Coinbase was educating people about crypto, they would
give them something very, very small.
It'd be like, you know, you might get 0.01 of an Ethereum or something to learn about Ethereum. I think
that really helped a lot. Thank you for taking the time to educate me and I hope you have a great day.
Thank you very much. I appreciate that. Thank you. Thank you, Michael. Now for Azeem,
Can you pick three questions from the three people from the audience who might have questions for you?
can you pick three questions from the three people from the audience
I think we had one question from Yanda before, but he was also the winner for the text.
So if you could basically approve three people to ask hotcoin questions, that would be awesome.
All right, let them rip.
I just did
Kubi or Cubby,
Tacey,
who's the third
one? Murat?
Who's first?
yes please ask your question
I see you raising your hand
can I ask my question
yeah Can I ask my question? Yeah.
Okay.
My question is, what are your plans on onboarding new users into your ecosystem?
Yeah.
So we're doing a number of initiatives.
One, we're doing a lot of different trade competitions.
Two, we've lowered our trading fees right now so you can trade for free. Three, we're doing different hackathons and events globally. So you'll see
HotCoin sponsoring a lot more community hackathons to onboard users. And we're also going to be
sponsoring a lot more IRL events as well in different regions.
So I would say those are four of the strategies right now that we're doing to expand.
Thank you, Asim. Next person, please.
Oh, yeah. We got Cubby. Oh, yeah.
We got Kabi.
Hello, everybody.
How are you doing?
Good.
My question is, which mechanism does Prasaga use to manage network congestion, if there's any?
Network congestion?
Well, that's the first thing we do, right?
And that's what our core technology is.
And it's around the, we call it saga scale.
It's the account negotiation algorithm.
And what we do is we have the ability
to understand where transactions are on which shard, which
accounts are necessary for that transaction
to execute on that shard, and then a mechanism to move all accounts to the shard so that the
transaction can execute and then move those accounts back to any other shards that they
have to be on to execute any other transactions. So we limit the network congestion by limiting the amount of cross shard communication that
has to happen because in a smart contract world, if you have a smart contract on one
shard and then there's a smart contract that's referencing on another, the smart contract
has to lock the shard, move the contract a lot of data over to the other shard, have it execute with that transaction there, and then move that back, unlock your shard, and then do the next transaction.
That is the NP complete problem.
That is the problem with every single blockchain out there.
I don't care who they are.
If they're on a smart contract data model that's
how it happens and that's what we fixed by guaranteeing the data independence of every
transaction on a shard and it's technical but that's what it is this is a blockchain
is technical everybody it's really freaking technical.
Oh, okay.
Thank you very much.
That's my question. Can you, can you ask your question to hot coin as well?
Just so that we can be fair.
Um, do you have a question for hot coin?
No, not really.
Um, okay.
Like there's, there's five winners and three winners are going to be questions for hot coin. So I guess you don There's five winners.
Three winners are going to be questions for Hatcoin.
So I guess you don't want your tokens.
Just give me some time.
I'm going to come up with a question.
Let me see what's going on.
Why don't you do some research?
Why don't you take another another another speaker
i think we got tacky or tacy
hello hello sir good afternoon good afternoon sir how can i help you
it's okay no help bro do you have a question yes please okay thank you
Yes, please.
Okay, thank you.
My question is, ambassador plays a very important role in every project.
Do you have an ambassador program?
I'm sorry, can you ask that again?
Do you have an ambassador program?
An ambassador program.
You know, that's a great question.
I don't think we do right now, but you know what?
You should just add HotCoin Global and just ask them on Twitter. And let's try to make that happen
because I don't think we have it right now. We have like a lot of folks that do content
in different regions. So like if you go on like our TikTok or whatever, like you'll see different
folks like doing like informational educational videos, but I don't think we have an ambassador
program. So maybe we can spin something up. Maybe you just like spark the
seed. So thank you for that question. That was a good one.
Thank you. Thank you so much. All right. Thank you. Kavi, do you have your question?
your question?
No, not yet.
Sorry.
I'm still crafting.
Okay, Asim, can you...
So I think we have about
question for
Hatcoin so far, right?
How many questions
have we had?
I think we had three. I think we had three.
I think we had three.
No, but they're for Prasaga.
We need questions specific to HotCoin.
No, I think I did
because we had Tacey, we had
Zenda, and...
Okay, I thought Zenda's question
is for Prasaga.
Well, they asked me a question too.
And then there was somebody else that was not here anymore.
That left.
Okay, so you think you have three so far?
Yeah.
Alright, I do need the name of it.
I think Marat.
Okay, Zenda has won the text portion.
So, okay, Marat. Okay, Ienda has won the text portion. So, okay, Marad.
Okay, I got Marad.
Okay, so we have Marad, Tacey, and then you have one more.
I see.
Okay, thank you.
I have one question.
What is your route back plan for this year, 2025?
Our rollout plan?
Yeah, roadmap.
Oh, roadmap plan.
Yes.
Yes, we're just, you know, we're really just trying to expand more internationally. Like I said, we have a big user base in Asia right now, Asia Pacific Island, China, Korea, Japan.
specific conferences and blockchain events out there in those regions, I know. But the name of
the game is really to just have as many feet on the ground as we can in different regions.
So that's the main priority right now.
thank you
Okay, thank you. Thank you so much.
thank you so much
okay awesome
I think Alpha you raised your hand
do you have a question for Asim?
I do for Asim
thank you since I have you here
I was just curious
a lot of projects they have issues
launching on exchanges
and I'm wondering if everything's
congested or is there
regulation reasons and people didn't, obviously there's some network things that go to listing a coin behind the scenes. Is there something that makes it so difficult to integrate onto an exchange right off the bat like we've seen recently? Because in the past it seemed like it wasn't an issue and now it seems like everybody's trying to launch at the same time and it's almost like congested.
Yeah, that's actually another great question.
I mean, I won't name any project names out of respect, but there's been like in the last few weeks, a lot of issues projects have had with launching with exchanges.
And I think the main priority just comes down to knowing who you're
partnering with and knowing who your market makers are. I think those are the main issues because
let's be honest, like if you're coming on to a centralized exchange, the name of the game is
volume, right? So you want to be able to have like a healthy liquidity flow. And what I mean by
healthy is you don't want to work with market makers that
are just going to dump on everybody as soon as you hit a certain number because it's not a good
look for your coin and it's not a good look for the exchange and it's not a good look for the
community. There's always going to be somebody at the other side of the trade. So when it comes to
working on your roadmap plan and your strategy plan for your tokenomics, you really got to take
into consideration who you're partnering with, like what is your growth strategy and just
keeping things like chill. I think, um, that's like the most important part because if you're
trying to do too much too fast, too soon, it's just going to blow up in your face. So there's,
there's no really no point in like rushing, you know, these things, especially in like when it
comes to like huge volumes. So that's my two cents on the situation. And I hope that ends up rushing. Yeah, yeah,
it definitely did. Um, the market maker part was interesting, especially because a few of them
from, uh, Binance got their hand in the cookie jar recently, but I think overall
the things that are happening in the U S and the eu for regulation is helping a lot and
hopefully that makes things more clear and faster yeah for sure
yeah definitely uh great question thank you thanks hello hey what's up bro hey what's up bro
yeah my question for hotcoin i haven't really looked into Hotcoin, but since Hotcoin is an exchange, my question would be that if the exchange Hotcoin were to be hacked, how would Hotcoin go about that to protect users' phones?
Or do you guys have any insurance or guarantees in place to protect our phones?
guarantees in place to protect our phones what's going to get out uh yeah we actually do have like
Hotcoin gets hacked.
a very good um comprehensive uh system in place uh for hacks um as far as my knowledge i don't
think we've actually really experienced any um because of that though um we also have like um
extra layers of security um but in the event that you did uh you would be secured. So it's nothing to be worried about, rest assured.
Okay.
Awesome.
I think that's basically our last question.
If anyone has any questions, please do reach out and DM the speakers.
And please follow Michael and as well as Asim
and Prasaga
as well as Hotcoin
check out the pin posts
there's a
Prasaga is going to
go live and
Hotcoin has tons of
alpha on their
Twitter post feed.
So thank you, everyone, and have a beautiful day.
Bye, everybody.
Bye. Thank you.
