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L1X Exclusive Interview: gStarter
Recorded: April 9, 2025 Duration: 1:01:03Space Recording
Short Summary
GStarter is set to revolutionize the crypto landscape with its innovative cross-chain launchpad, enabling projects to raise capital while ensuring rigorous validation processes. The platform's unique features, including a proprietary release pool mechanism and impact credits, aim to enhance user experience and promote socially responsible investing.
Full Transcription
Thank you. Good morning, good afternoon, good evening, wherever you're at in this crypto world.
My name is Cody and have I got an exclusive interview with you for you today with our
partner G Starter.
Trying to get them up on stage here.
But in the meantime, I think we've got one of them up on here.
Let's see.
I think we're still waiting for Wayne.
Hey, guys, do you want to just go ahead and introduce yourself?
Sure.
Thank you very much for having me here, Cody, and the rest of the L1X community.
My name is BatziRaiMuguti.Wallet, aka MatziMuguti.
I'm the founder and lead contributor here at the PipeGDAO,
as well as chief launchpad officer for L1X building GStarter.
Oh, I think we got Wayne up on stage now.
Do you want to introduce yourself real quick, Wayne?
Hi, yeah, I seem to be on now.
Yeah, nice to be you all.
Yeah, I'm Wayne, Wayne Daniels.
I'm the branding, I work on the branding side on the GDAO,
and recently joined N1X as the Chief Branding Automate Officer.
Yeah, nice to meet you guys.
Awesome. Thanks to everybody that's tuning in.
We appreciate you guys giving support,
and we definitely wanted to kind of introduce the team.
We did an interview with the PypeGDAO guys, same guys, a few months ago.
Oh, my gosh, it's almost been a year ago, actually, that we did the initial interview.
So it's good to have you guys back on, and it's great.
I think there's a lot of people that are excited about what's coming up,
especially around the G Starter and what that is all about. So why don't we just go ahead?
You guys have already done the intros. Why don't you kind of tell us a little bit about
the G Starter project, what it's about, and we'll just kind of take it from there.
just kind of take it from there.
Okay, cool.
So I'll give a quick intro, and then I'll also hand over to Ian on that one as well.
So Gstarter, its genesis comes from our current product, which is the Pipe General Fund Launchpad.
It's a DSi Launchpad, which is there to fund scientific research
and cutting-edge technology from universities to bring them from the lab to the market and then to IPO.
And that's the kind of genesis of this.
And so one of the main purposes of GStarter is to help to get TVL into the launchpad,
into the PGF, the pipe general fund launchpad,
into the DSI element,
using fees that are generated from GStarter
to then deposit into the PGF launchpad.
So for you to be a member of, for you to use Gstarter, you have to be a member of the PGF
launchpad, which means that you mint a Solban NFT.
You can mint one now on our V1 launchpad, or you can wait until the L1X mint as well.
So when we redeploy the current launchpad onto L1X, the V1 will still be interoperable using Xtalk. So don't worry if you're involved now in the PGF launchpad. If is the gateway into G-Starter.
And what is G-Starter?
G-Starter is an interoperable cross-chain launchpad platform where projects can raise capital from the community and, of course, use that to launch their coin to market. And the key thing about this is that the projects will deploy an L1X token contract,
which will mean that their coins will be interoperable on multiple chains.
I think right now, if I'm not mistaken, L1X is on 8 chains, if I'm not mistaken.
So I think I'll list them out.
Phantom, ETH.
So let me use the blockchain terms, not the coin terms, because those are kind of two different things in a way.
coin terms, because those are kind of two different things in a way. So Phantom, Ethereum, Solana,
Avalanche, Optimism, Base, BNB chain, and more recently Bitcoin. And I think Tron and Base are
next as well. So when a project launches their coin on Gstarter, it will be interoperable across
all those coins, all those chains at the same time, and users won't have to bridge between chains.
That's number one. Number two, to actually use Gstarter, you will need LST tokens or liquid,
sorry, just LSTs or liquid staking tokens from protocols like Lido.
And I know ETH is taking a hammering right now, but that's okay.
That's okay.
It just means it was cheaper than it was yesterday.
Exactly.
That's how I look.
Massive buying opportunity, right?
That's what this is.
So Gstarter also basically gives additional utility to liquid staking token holders
to allow them to get more alpha and to monetize their liquid staking tokens
rather than just sitting on them.
and just sitting on them, right?
So Gstarter allows ETH holders to basically get access
to new and up-and-coming projects
without having to unstake their ETH
or sell their liquid staking tokens.
And the third aspect is the release pool mechanism,
which no other launchpad or other product in Web3 has,
and that's proprietary from L1X,
which is an anti-dump mechanism, an anti-rug mechanism,
which will protect projects from, you know,
KOLs and other people who've gotten access to coins early
from dumping on the community who have bought on the decks.
This includes Gstarter holders, It's early from dumping on the community who have bought on the DEX.
This includes G-Starter holders, but it also means that, you know,
it's also an anti-rug mechanism for those that are investing in G-Starter as well. So the project's not just going to up sticks and run away
because the coins only get sold within the release pool mechanism,
the algo based on
buy pressure and so on.
So that's a brief. I know I've spoken
for a little bit, but that's sort of where we are.
So, you know, those
kind of, I think it's four elements.
The PGF launchpad,
the interoperable capabilities
L1X blockchain,
the liquid staking tokens,
and of course the release pool.
No, I love it. I love it.
Yeah, definitely some cool stuff that's coming out with you guys
and leveraging the L1X technology.
I know that I'm pretty excited about it.
I know that there's quite a few other people as well
that are excited for this to get launched.
Before we really start diving in,
I have a couple more questions for you guys personally,
as well as I guess the first question that a lot of people are going to ask is,
where are we at stage-wise?
Is there an ETA as to when this might get launched?
Sure. So we are currently in the kind of the first stage of development. So I'll tell you
what I'm working on and then I'll pass over to Wayne to explain what he's doing on his side.
So, you know, we've just ironed out the use cases in terms of just what the kind of the user journey is on the front end, you know, for the different features that we have, you know, auto buy, auto sell, manual buy, manual sell,
you know, the TradFi, because we're going to have underwriters in there,
which we'll go on to later for TradFi.
So, you know, I've just been working on that.
I'm also writing the white paper for that as well.
And then Kevin and his team are doing the backend smart contract architecture as well.
So I think that's almost done.
And once that architecture is done, we'll then move forward with the dev.
And then Wayne's working on some other aspects.
So Wayne, do you want to just chime in on your bit?
Yeah, sure. Thanks for that, Batsi.
Yeah, it's been completely, we've been really busy recently.
Yeah, so at the moment, on my side,
I'm working on what we call the wireframing.
So in app design, web design,
we saw how to have a user journey,
a user experience journey.
So you'll kind of want to map out what the user's
going to be doing as soon as they get to the launchpad
and then how different features they can use.
So just be working on that every single day.
You'd have been multiple meetings going back and forth
with different parties to try and make sure it works well
for all the users, the different user types.
So again, next, within the next few weeks or so,
we'll actually start doing the actual user interface.
So that's the exciting part, that's the fun part.
So that's still to come.
And so once that's ready,
then we can kind of pass over to Kevin
and the kind of the dev team,
and they can kind of start to actually make it,
actualize it, upload it to a cloud server somewhere
and actually startarts test it.
Awesome. Sounds great.
So, yeah, like I said, we're going to do a deep dive
kind of into this G-Starter thing, what it's all about,
a little bit more, pull back the curtain for those tuning in
to kind of get a better picture.
Before we do and start the conversation,
for those that are listening,
if you guys happen to have any questions,
feel free to drop those in the comments below
for the G Starter crew.
And we'll bring it up a little bit later
in the episode as well.
So with that being said, I mean, sounds great.
It sounds like a wonderful project you
guys are working on uh i've i've had the experience of our opportunity i should say of meeting with
you guys on multiple locations over the last year uh you know for but for those that don't really
know you guys specifically do you mind sharing a little bit about your background and what's kind of brought you to
the PipeG DAO originally and now onto the G Starter?
Sure. Okay. No worries.
I was approached by Rob Steele.
He is the founder and CEO of the Pipe Company.
And this is the kind of web to existing SaaS company,
software as a service business, where the GDAO project came from.
So I'm a technologist.
I'm a blockchain consultant and enterprise blockchain consultant.
So when it comes to getting businesses to work with blockchain,
understanding the implications and applications of blockchain within business,
you know, that's my specialty.
And I've worked in the kind of Web2 SaaS world as well,
so I really know how enterprise systems work.
I'm also a massive DJ, of course.
So, like I said, Rob approached me on LinkedIn
and we had some meetings because we happened to live maybe
40 minutes from each other, funnily enough. Funny how that works.
And he came to me with a white paper
where they wanted to pivot the Pype platform, which is a Web2 platform and community which commercializes university research and university startup. So just very briefly, for every 1 billion euros spent on research and
development, there is one disclosure, which is actually telling someone what it is you're working
on, right? Because the stuff is patent-pending. It's pre-IP.
You can't just post on a website what you're doing.
That means that that'll affect your freedom to operate
and that kind of stuff.
So the PyP platform was developed
so that universities could disclose
their academic research in a safe, secure environment
in a way which did not affect the freedom to operate.
And the Pype platform then has a unique mechanism called QED, Question, Evaluate, Decide,
which takes the projects through a stage gate process, various processes like, what's it called?
So I'm getting too much in the weeds there.
But anyway, so Rob is the founder of Pipe.
They decided with the Pipe team that, listen, we've got all these university projects.
We have a commercialization mechanism, but they need funding.
They need capital, right, so that they can get to market.
And they were approached by the European Investment Bank. They offer
100 million euros to set up a general partnership, limited partnership thing, which is like how
a VC is structured. And that would be the funding mechanism, a TradFi solution. And
they refused because they've had bad experiences with TradFi and so on and so forth. So they approached me, and I was in consideration with a few other people.
I had a bunch of meetings with Rob over a few months.
And then, yeah, we decided to be joint venture partners,
and I was going to launch the GDAO.
So it was just a white paper at the time, and now it's a lot more.
And so I was brought on to Pipe as a joint venture partner,
and I basically helped them game out, you know,
and helped them build the GDAL project from the ground up, really.
So I had a white paper originally, which I changed about 20%, 30% of it.
I brought on a team, you know, guys like Wayne and a bunch of other people.
And I found the developers who were in my network and so on and so forth.
And we built the PGA Launchpad, the first GDAO product.
kind of GDAO product, which is the, you know, so rather than having a VC, they have their own fund, which is a platform, which is a blockchain-based fund, right? So much, much cheaper than setting up a VC and all the regulatory hurdles and all that kind of stuff.
It's almost like a blockchain-based payment gateway, right?
So I built the Pype General Fund along with the developers and the rest of the team.
And yeah, Pype have a fund now from which they can receive capital directly from the community,
disintermediating VCs, disintermediating private equity companies and TradFi,
and they've got their own fund now.
So it's amazing what blockchain can do, right?
So that is where that came from.
And that's how I joined Pipe.
So the PipeGDAO is a Web3 project,
which is being incubated within a Web2 company.
So it's a spin out.
So we are in the process of setting up the PipeGDAO Foundation,
of which I'll be heading.
And that'll be a sister organization to the Pipe company, and it'll be just a joint venture
between those two. So we are a Web3 project being spun out of a Web2 project, and that's
how I've come into this. Wayne?
Yeah, awesome.
Yeah, for myself, I have a design and development background.
So I had a lot of previous startups, especially around Japanese companies.
So it's kind of where I learned my work ethic, or how disciplined.
But yeah, then I joined crypto around 2017.
So I was trading, as everybody does, a lot of alcohol trading.
Then I was studying white papers and et cetera, built a small project as well.
And then I met Batsy actually in a community that he actually is a manager for.
And then he invited me to the PipeGDEL project.
And I found it quite intriguing
because some of the main facts like 83% of projects
that come from universities tend to fail.
And I didn't realize it was such a significant figure.
So I was intrigued.
And then I learned about terms like TRL,
which is a technology readiness levels and how they've kind of built this system that kind of filters out bad actors
and bad projects and i got really intrigued by that and i thought okay you know what it's this
blockchain based i think i do believe long-term uh vision of this project so yeah i got i got
sucked in and i got passionate um and yeah so at that time it was quite coincidental
or semidifices as we like to say in our group
because I was consulting a few art students
in a London university
as they wanted to commercialize their artwork.
And I found the process, it was quite difficult
and there was no platforms to really guide students
through that process and I realized how underutilized and underserved that industry was and so yeah it all just kind of made
sense to me and utilizing blockchain seems like the best way to do it and to do to kind of go
about it so yeah this is that was my my origin story here yeah thanks Wayne and I just thought
I forgot to mention some of my stuff as well, actually. So I have co-founded some startups myself as well. So I'm part of a med tech startup, and we're actually friends from university. And we were granted a patent for the Ergos Kettle, which is an energy efficient kettle for the disabled back in 2019.
Kettle, which is an energy efficient kettle for the disabled back in 2019.
And so when I came across Pipe, I was like, huh, this is exactly in the sweet spot because
we need to commercialize our patents as well.
And we're struggling to get funding and to commercialize our idea.
And we come from universities as well.
So that's another reason why Pipe was interesting and stuff.
Because, yeah, I mean, I have been in the startup, you know, I've been in the startup game since 2016.
And, you know, the Pipe platform, the Pipe GDOW is my first product to market.
But I do have other stuff in the pipeline and other IP that I own and stuff.
So, yeah, it was right up my alley.
All right. Perfect. No, that sounds great.
I appreciate you guys sharing that because that just adds validity to what you guys are doing.
So, yeah, for anybody tuning in, these guys definitely know their stuff when it comes to projects and to all that kind of stuff.
So thanks. Thanks for sharing that. So, yeah, let's let's kind of jump into the meat of what G Starter's looking to do. So there's quite
a few different launch pads out there currently. You mentioned some of those unique factors that
will set it apart from a lot of different other launch pads on different chains and things like that. And so as you guys are looking to take this to market,
what is kind of those main elements that you guys want to have stand out?
Wayne, I'll let you take this one and then I'll kind of chime in if you want.
Sure, no problem yeah so a lot of the launchpites out there
um obviously they take their payments in a usdc usdt
um whatever stable coins available um so our approach is sort of
a way to be able to invest some of the assets you're already sitting on
uh while being able to get exposure to new and emerging projects.
So we use the token, any of the LST tokens,
such as SDE, for example, which allows you to invest a slice
of your portfolio and create a pie tomorrow,
that's the running phrase we're using.
So yeah, you get to have your cake and eat it in a way.
And so yeah, with the whole ecosystem, you're actually able to have like quite a few different
features such as a project score, for example. So for example, if you're if you wanted to invest
into a particular project that's launching on the launchpad today, you would actually have to do
all of your own research.
Discover if they have a decent Twitter following,
check out the Discord community,
go through the tokenomics, all these different aspects.
So how could you actually,
if you're a beginner, it's gonna be a little bit hiddenness
and I've gone through that experience myself
and I know a lot of us have as well.
So what we've done on the back end,
we've just taken all of these metrics and sort of algorithmically summed them all up. And so you can
just have a project score, which you can just drag from one to 100. And then you just can kind of
judge exactly what kind of project you want to be automatically bought into, which is the next
feature, an auto-buy feature. So a lot of times, most people are busy, they're working, they're all day trading, and they
will miss a new project launch.
So a lot of the times you miss out.
So our platform kind of allows you to set the project score and then set an auto buy,
and then you will automatically buy for you.
Maybe Batsy can break a little bit down about some of the mechanics of how that works as well.
Yeah, sure.
So think of it like a kind of personal asset management platform
in crypto and Web3, right?
So as Wayne says, it's kind of,
there's so much stuff on X, right?
There's no way you can possibly,
you can possibly keep up with everything
and sort of ape into everything, so to speak.
You just want a one-stop shop where you can view the fundamentals, basically, of the Web3 fundamentals, wayness has just said with discord x tokenomics all these kind of
uh factors at a glance for a project rather than having to kind of sit down and do your own stuff
you know because that takes time right so there's the and then also there's the bridging element as
well right because different projects are launching on different chains. So you, in aping into
new coins via IDOs and via launch pads,
it's very personally, operationally intensive because you have to have
multiple wallets on multiple chains, with multiple gas
fee, you know, with multiple gas for fees and
you know, you have to go on your MetaMask
and switch chains and on-ramp different gas coins.
It's like, oh, you know.
So even that kind of stress of participating, I think that's a barrier to entry.
And so we wanted to create a platform, you know, because we're DGENs, of course, as we've said,
you know, where you can just do that
without having to do the operational headaches.
And Layer 1X is perfect for that
because that's exactly what it's built to do, right?
It has all the Gnode, it has all, you know,
the EVM chains and Solana as well, right?
So you can be a Solana DGEN, a base DGEN,
Binance Smart Chain DGEN,
and you can get into projects or, you know,
you don't have to kind of switch chains or whatever.
You can just stay where you are
and, you know, invest in up and coming projects,
you know, without having to bridge over type things.
So we want to make the user experience
as kind of Web2 native as possible, right?
As seamless as possible.
And I think the current setup,
because blockchains are very siloed off
and Launchpad products and dApps are siloed off as well.
One blockchain is a different country, different jurisdiction to another.
And that's not how you get mass adoption.
So that's another reason why we built GSTOT.
And to Wayne's point in terms of auto-buy and auto-sell, sometimes a coin can pump.
You might have a target in your mind and you kind of go to bed dreaming.
Oh, yeah.
Once this hits the 10x, 50x, 100x, I'm going to get out.
I'm going to be rich.
And then you're at work or you're doing something else and it happens in a flash.
By the time you kind of get back, it's like, oh, no, the project has already mooned and everyone's out.
And my dreams are in tatters, right?
That's happened a lot, right?
You've kind of seen the pump after it happens.
So the auto buy and auto sell function,
as well as the release pool,
so using L1X's release pool.
So for those that don't know,
what the release pool mechanism does is that
once you buy your token on a pre-sale,
so once you buy a token on a pre-sale, so once you buy a token on Gstarter, you'll then state them in the release pool, right?
And you will then get your ROI in stablecoin based on the coin's performance.
So trading volume, price, liquidity, and so on and so forth, right? So, and all those kind of things.
So, and you can actually set what ROI you want.
So, if you want a 10x, the smart contract will then make sure that once the project
which is 10x, it then auto-sales for you and gives you your ROI.
So, you're not missing out on that.
So, you don't have to manually manage and monitor that
because things move very quickly in Web3, right?
So that's in a nutshell what our thoughts are on that.
But of course, we can expand.
Yeah, no, you bring up some really good points here,
especially around what I like is the project scoring.
I think there's a lot of
projects that try to go out and create similar scoring mechanisms so that you kind of get a
quick glance at these projects that are launching. You know, some of those are like, do they have a
social media presence? Yes. Do they have this?
Do they have that?
Right.
Very high level stuff.
What will make your guys' scoring system a little bit different than those other, we'll just call it the other launchpad scoring mechanisms?
Okay.
So Wayne, do you want to start on the metric side, and then I'll then mention
how the PyP platform feeds into that.
Yeah.
Well, we don't have all the metrics to hand,
but what our intention is to have as many metrics as possible,
which can be aggregated properly,
and that's what we're using Xtalk for.
So it's quite easy to have um say one to five metrics and then that
can be sort of a your indicator if you say in a sense um like in in the typical trading world you
tend to have um uh indicators and so the below those indicators is if you have about five signals
and so when one to four signals flash, for example,
then you will have a buy signal.
So if you can get as many signals as possible
and buy in behind the algorithm,
then you would have a stronger signal basically.
And so that's kind of the overarching idea behind that.
Yeah, sure. Great. Exactly. Yeah.
And things like... So the point of the scoring system is to determine whether a project is high, medium or low risk.
small community, things like that,
they would be more high risk
because it's like, okay, fine,
where are the buyers going to come from
when the project launches, right?
So, you know, things like that, for example, right?
Or projects that haven't had a smart contract audit,
for example.
So it doesn't mean you can't invest in them, right?
You can, right, type thing,
but it's just about giving you the agency to choose.
So with the auto buy, auto sell, you can choose, again, what X you want in terms of returns,
what level of risk you want, and so on and so forth, right?
So we try to bring in as many data points,
and many of the data points are in Web 2, right?
It's not just on-chain metrics.
There's lots of off-chain metrics,
but it does include on-chain metrics as well.
You know, like, again, is there a smart contract audit and so on?
And then there is another point of that, which is the PyP platform, which is the Web2 platform that we discussed, right?
Now, so it has very – so the first – what happens with the PyP platform is that a project kind of – they disclose what they're doing.
So this is on the university side, right?
And then the PI platform does a validation, right?
So the system kind of generates validation report.
So it asks a bunch of questions.
What's your technology to written this level?
So TRLs, as Wayne's mentioned before,
these are things that are NASA and the European Space Agency use to determine the technical readiness level of a product or of a piece of technology.
So TRL 1 and 2 is like you've produced the first prototype in the lab, or you've managed to reproduce that prototype and make 10 of them, for example.
or you've managed to reproduce that prototype, right,
and make 10 of them, for example, right,
all the way up to TRL 8 and 9, which is, hey,
we can mass produce these into market,
and that's kind of so very, very rigorous levels, right?
Sales and marketing readiness level,
business and operational readiness level,
all these kind of things, right?
So it's the kind of first part.
It does the first assessment to say, are you commercially viable or not? And 80% of the projects that go through
the disclosure evaluation process on the PyP platform don't make it through. Yeah? So it
kind of sifts out the cuck, as we say in Southern Africa, right? So what we're doing now with the,
Southern Africa, right?
So what we're doing now with the, we're going to integrate that into GStarter, right?
So that Web3 projects that apply to GStarter will also go through the disclosure and validation
process.
So we're going to have a Web3, we're going to add some Web3 kind of questions in there
and kind of software related questions type thing to assess the readiness level and so
on. So it will include, hey, how big is your Twitter following? How big are the people on
Discord? How much code have you cut? Where's your GitHub? Is there any code on your GitHub? Those
kind of things. Those kind of inputs would go into the PyP platform instead of kind of university lab physical stuff, right?
And so if the PI platform gives you a project score, you know, if it passes through disclosure
and validation, it means that you're a low-risk project as far as a PI platform is concerned,
right? And that's our way of giving a kind of clean bit of health as much as we can using a pre-existing process, which is used for, you know, for things like AI, technology, cybersecurity, solar panel technology, you know, seismic technology for earthquakes, all kinds of very, very rigorous things, right?
Very, very rigorous things, right?
And if it doesn't make you through disclosure and validation,
then it'll – because, I mean, disclosure,
it also has a kind of a middle way to say,
hey, yes, you're kind of good, but you've got some work to do.
Go back to the drawing board.
And then it could – and then there's the low score,
which is, yeah, don't even bother trying to bring this to market
because you're complete.
Your business model is wrong and try something else, right?
So then via the Py platform, the Web3 community will be able to have a very, very clear, rigorous
understanding as to the readiness level of this project or not.
I don't think it's something which has really been done in Web3, really.
So we're trying to bring an existing Web2 platform, which has been there since 2021,
and bring that into Web3.
Because I think Web3 can do with some maturing.
It can do with some sifting and some validation.
And so the point of G-SAR is to make sure that high-value, high-quality projects are listed or high-quality projects are identified.
And then people can then make a decision.
Because, hey, sometimes you want to ape into a D-gen thing
and it can just go ballistic like dog with hat
and these other meme coins.
I'm not saying everything has to be logical.
Of course not.
You know, logic and utility, that doesn't matter anymore,
as it seems, right?
All the clever people haven't really made money this book run, right?
It's the crazy meme, the marketing people.
So just because it doesn't pass through the disclosure validation process
doesn't mean that it's something you shouldn't invest in necessarily.
There are other metrics.
So we're kind of bringing both of those things together.
The social, community, emotional traction element, which is very important.
It's all about narrative as well as the hardcore business, you know, tech company kind of metrics as well.
So I hope that helps.
Yeah, it totally does.
And I think you bring up a really good validation of the need for Web3 crypto to kind of mature, right? And the only way for us to start
attracting a lot of bigger institutions and existing platforms in the Web2 space over to
the crypto space is to have that maturity. And I think that by you guys kind of setting the bar
pretty high in terms of standards for projects to launch on you guys. Yeah,
you won't be a pumped up fund, but I think that's okay in this sense, right? Because you are looking
for the higher quality projects, the ones that are going to be having more of a meaningful impact
on not only their investors, but with their users that are using it, as well as the chain
that they're on as well.
So great, great points there.
And I think that, you know, am I safe to assume that, you know, obviously people that launch
projects have a tendency, especially in Web3, to deploy quite a few different projects over the years.
Am I safe to assume that you guys are going to be kind of collecting that data with the projects that launched through you guys to increase and enhance your scoring algorithms?
Yes, yes, exactly. So, I mean, you'd have to do KYC on the PyP platform for you to disclose your project, right? So, you know, so if someone is then has launched multiple contracts or whatever type thing, you know, through us, that'll be known, right? right so in terms of what people have done previously uh i don't think we'll have access
Yes, yes, exactly.
to those data points you know there'll have to be some on-chain analysis or whatever
but if someone launches something on gstarter one
it's you know again uh known right so you know a project cannot be anonymous we can't have an
anonymous dev just putting their smart contracts in or whatever.
We have to know who you are type things.
So that kind of ensures some security.
So I think that raises another question is even though they have to go through a KYC process,
they don't necessarily still need to dox themselves if they don't want to to the public, correct?
The KYC is just mainly for you guys
um that's a good question probably not because there are a lot of annons and stuff so you may
not necessarily have to dox yourself uh as a project but you're dox to us right so we know
who the founders are and so on and so forth. It just depends. I mean, we may make that a requirement.
So if a project doesn't want to dox themselves, they'll have a high risk score.
Right?
For example.
Okay.
So, hey, we don't want to stop people from, A, using the launch pad in terms of raising, and B, investing in projects if they want to invest. A lot of people invest in undoxed projects, but we'll just say,
hey, listen, these founders don't want to dox themselves publicly,
and so that's a higher-risk project than a project that does want to dox themselves.
But they're all doxed to us, so if there is a problem, right,
we can say if there's a problem with one of the projects, they're doxxed to us. And so, you know, so there are terms and conditions in that regard. Say,
hey, if you try to screw your community over or whatever, you are doxxed to us. And if
people want to find out who you are, authorities and so on and so forth, we can reveal that
information if needs be. But that doesn't necessarily mean that they have to doxx themselves
to the community,
but we'll just give you a lower risk score,
and people can make their own decisions as to what they want to do with that.
I like that question.
Yeah, that does work.
Because, I mean, there's still a lot of great projects out there
that don't dox themselves typically because of the geolocation that they're in, the regulation that they have to deal with, you know, that kind of stuff.
So with, you know, especially here in the U.S. with a lot of the uncertainty of where crypto lied over the last few years, I mean, a lot of good crypto projects that I was aware of moved outside of the U.S. just so that they could basically build their projects.
So, yeah, I think that having that is a great, great thing, but also having the ability to not dox yourselves is another great thing as well, because it allows it to, you know, do put into a little bit of a threshold there as well
in terms of the project score.
But so yeah, we've talked about project scoring
as kind of a guardrail or a safety net
for a lot of people that might be interested
investing in projects on your platform.
What other kind of security protocol
things are you implementing into
the Gstarter launch pad that will help protect
users and investors as they
start investing in these projects that are launching?
start investing in these projects that are launching.
Okay, cool.
I'll mention some stuff, and then I'll also hand over to Wayne as well.
So besides the project scoring,
because you have to have a sold by NFT from the PGF launchpad, so you have to haveought NFT from the PGF launchpad,
so you have to have a membership from the PGF launchpad,
that then means that the access token into the launchpad is sold-bound.
So there's other kind of launchpads where you have to have their coin
for you to access the system,
or you have to have their NFT, which is publicly
tradable.
What if your wallet gets drained, for example, by a hacker or an attacker?
That means that you've lost the coins and you've potentially lost access to your investments
that you've made in those launchpads because, oh, you know, your coins have been drained
Your coins have been drained from that launch pad or you're also on and so forth.
from that launchpad or you're also on a software.
So the PGF, because it is soul-bound, it means that you're basically immune from those wallet-draining risks,
which kind of deny you access to the platform, deny you access to your investments,
deny you access to the benefit of your memberships.
So we didn't want to attach a speculative aspect
to access the platform.
So yes, we have a token coming up and that kind of stuff,
but we don't want to make our token a prerequisite
for you to actually use the launchpad.
So we have an existing, obviously, solebound NFT system,
which is secure in that way.
So secure access, number one.
And number two, with the sole-bound system,
we also have, in terms of from a regulatory standpoint,
so because we're in Europe and the Pipe company
is also registered in the EU,
so we have an EU office and we have a UK office.
We try to be as MICA compliant.
So MICA is a European regulation mechanism for crypto.
So one of the regulations in there is that there needs to be a kill switch.
So let's just say, for example,
an oligarch from a certain country, I'm not going to name it, has been found that they're using
the launchpad or using our product to basically launder or to bust sanctions or so on and so forth
using our product. If the authorities become aware of that, they can contact us.
We have an email and so on and so forth,
and we can basically send that cellbound to a burn address,
and that then means that that person no longer has access to the platform
and basically access to the funds and their investments.
And that's the way that we can keep operating
without surrendering the permissionless and anonymous
nature of Web3. So we're able to respond to incidents without making everyone have to do KYC,
basically. So I would say it's secure in that way, in that we're trying to be as regulatory
compliant as possible by not because of the derivatives.
So if you have a coin which is associated with investing
in things which are listed on your launchpad,
that could get a derivative designation,
a security designation.
So we've deliberately taken our coin away from that, right?
You put your LSTs in, you get your LSTs out.
You don't need to have an intermediate coin for you to,
a publicly tradable asset for you to use the system.
So that's another way we've tried to be regulatory compliant,
which kind of does give a level of security to our users.
Wayne, do you want to add to anything? Yeah thanks. I'm actually thinking about the soulbound aspect of things
because I have an example where one of my wallets was compromised because I connected to a dodgy dApp
and I had an NFT membership NFT in my wallet.
And essentially that wallet became sort of useless
because it obviously wasn't soul bound.
So when Budsy proposed the idea of having soul bound NFTs,
it just, it made a lot of sense to me
because essentially on the backend,
you can kind of redirect the contract
if your wallet gets compromised.
So if you have a whole position set up on Gstarter, for example,
and something happens to your wallet you're connected to somewhere which you shouldn't have,
technically we could redirect it.
Correct me if I'm wrong, Bharti.
Sorry, if technically we could redirect, sorry,
should I just repeat what you said, we could redirect?
Technically, the could redirect. Sorry, just repeat what you said. We could redirect. Technically, the wallet would be compromised
because the membership is attached to the cell bound entity
and not the wallet itself, right?
Correct.
Yes, that's right.
That's right.
So exactly.
So if someone's wallet is compromised, for example,
they could contact us.
contact us, we could kind of burn their existing soulbound
We could kind of burn their existing cell bound.
and they could basically
come back to us and sort of say, hey, listen, I've now got a new wallet
and I'm minting a new soulbound. Can you
kind of reconnect it back to this wallet?
Back to this account, right?
In terms of where the funds were, right?
So there is that kind of incident response mechanism in theory anyway.
So we could say, okay, well, because the way that it works in our fund
is that it goes into a multi-sig wallet type thing.
So, you know, we could sort of say, okay, fine.
You are this user, you've
docked yourself, you've lost your keys, or your wallet's been compromised, you've now
got a new wallet, and you will now, you know, you've got a new membership token, which we
can kind of repoint to your money, basically, right? So there is a kind of manual mechanism
as well, because sometimes smart contracts can be too smart
and they can just stop flexibility
and that actually impacts users.
So we kind of have a bit of a hybrid approach.
No, that makes total sense.
I do like the security measures in there.
There's a lot of guardrails
from a user experience standpoint
that does make a lot of guardrails from a user experience standpoint that does make a lot of sense.
Safety, user protection is definitely a thing that it sounds like is on your mind.
With that being kind of said, with a lot of these launch pads, discoverability for projects is a huge, huge thing,
especially when they're first starting out,
starting to promote themselves. How are you going to tackle that angle of discoverability
for newer projects? Are you having like a paid promotion type of thing to push them to the top of the list? Are you doing a voting system?
Are you just first come first serve based upon sorting of date when it was created?
Those kind of things.
But curious what your guys' thoughts and philosophy are on that.
Will you join in chime in on that one?
Yeah, sure.
That's an interesting question as well.
Because the way that our current launchpad works, we sort of have a setup system where
we can take disclosure and then create marketing around that on automation.
So we've been having discussions about how we can use that to kind of help new
projects are launching through you know gstarter as well um because essentially this is a sort of a
template that you can do that you can use to get the maximum reach there and get the maximum
interest um just like general copywriting hooks etc um so we can kind of hand that that template
over to new projects and we can utilize that system to
get the best put out the door basically.
So there's a lot of those discussions at the moment.
Perfect. Then we're coming up here on the top of the hour.
I just have a couple more questions for you.
For anybody that's listening, if you guys have any questions,
feel free to throw them in the comments below but kind of moving on what are the steps for you know a project that is willing or
wanting to you know get started on on getting going I know that you guys are kind of in your
infancy stage still trying to build a few things, but can they reach out?
Can they get on a waiting list kind of thing?
What's the process for projects right at the moment?
Yeah, so actually you just reminded me of something I need to,
something on my list.
So we have the landing page on L1X app right now.
So we are going to add a button because obviously we're in touch with the L1X dev team.
So we're going to add a form for projects to register their interest.
So right now, users can register their interest, but we're going to have a project interest registration form as well.
Because I think some of the university projects that we are in our network
would also want to register their interest type thing.
So that's on my list to do.
And then once that's there, I'll let you guys know
and then you can then kind of do a tweet.
But projects will be able to go to LA1X app
and then they'll see the G for Gangster Starter.
No, no, it's not Gangster. It's General Starter, General Starter.
It's General Starter. So they'll be able to click on there and then they'll be able to register their interest as a project.
So that when we're ready to launch,
they can then fill in their disclosure form as well.
We do have people on our team who are doing biz dev,
reaching out to pre-TGE Web3 projects
and even projects that have done the TGE,
but it's not gone well,
and they want to come over to Layer 1X.
So yeah, thanks for reminding me.
There will be an interest registration form on L1X app
right at the top, which will likely say something
along the lines of register interest for your project
or project interest registration.
Perfect.
And then when it comes to the long-term vision,
I know that you guys are just barely starting out, but any insight or vision that you can give to those that are listening now live or those that will be want to, in terms of features, direction,
things like that, that you want to take this project?
Sure.
So we're going to have the AI integrated into GStarter later.
So the auto-buy, auto-sell,
there's no need to have that kind of AI enabled,
but at some point we're going to have an AI agent, which will do kind of thinking and reasoning. sell your project is, you know, based on, you know, data points, you know, sharp ratio,
sortino ratio, you know, all the quant analysis as well as social media hype, bear market,
bull market, those kinds of things, right?
So we are going to have an AI agent, which is going to kind of make the auto buy, auto
sell smart contracts smarter, right?
So that's in the plans as well.
And yeah, so an AI agent is
and also it's also going to just, the AI agent
is going to help in the
assessment of projects. So if someone wants
to ask, okay, what
are the latest projects on Gstarter? What are the latest
DeFi projects? An AI assistant in terms
of helping you manually
make an investment as well.
So what are the most high-risk projects?
What are the most low-risk projects?
Those kind of things.
So to kind of aggregate the data, so kind of a chat, an AI chatbot,
but also it's going to have an AI agent which will help to ensure that people actually get their returns,
particularly when things become DEX tradable on other exchanges.
So let's just launch on ARX.
We're going to have a DEX within Gstarter.
And then if they then launch on PancakeSwap and DEXs on other chains,
which are all intropable to Layer 1X,
their AI agent will have data from all of those as well,
and then it will then do auto-buy, auto-sell based on the liquidity
and other things in those DEXs as well via the release pool.
So quite a lot of interesting stuff.
We're also, it's not been announced publicly yet,
but we're also thinking about listing,
tokenizing the Pype
platform's shares. I think you
were hosting the space which I was on previously,
and that's what I was alluding to, by the way, Cody,
right, that we might actually,
I think, you know, I've discussed
with Robin, we want to actually
put the Pype platform's
shares on L1X
and actually do a raise against those,
and that'll help to fund Gstarter and the rest of it as well.
So interesting times.
Were you going to add anything?
Yeah, nice.
Yeah, from my point of view, I'm quite...
OK, there's a narrative around the space
about rating generational wealth,
and I think it's a really good idea. about creating generational wealth um and that and i
think it's a really good idea um you know the one needs to kind of pass down from the boomers
um but sort of an interesting idea we've been looking at is um generational impact um so we
have this concept called um impact credits so every investment that gets made through gstarter
a portion of the fees actually goes to our current launchpad and goes towards, you know, it's kind of like a donation towards university impact projects.
And so in that sense, well, every time a fee is used, you'll have like an NFT, which is kind of, you'll be able to mint eventually.
So all of your impact is recorded on chain.
That concept really inspires me.
In the long term, you could have
generational impact in 10 years time,
you can look back and you have proof on chain that
you actually contributed to the cure for cancer,
for example, because that came out XYZ University somewhere in Britain.
Yeah, so that whole concept really is quite
interesting to me it's kind of playing into the whole rare sets kind of idea like an epoch for
where you know something can become valuable because of the period of time that you contributed
to um so yeah so long term uh yeah that quite inspires me now i love. I think that there's some real psychology stuff from behind that as well.
You know, plant trees. I saw one where it was, there was a sock person, I think it was Stance Socks or something like that, years and years ago when they were just getting started.
uh, that was, they would donate a pair for every pair that was bought. They would donate a pair,
uh, you know, uh, feeding, feeding people around the world. I think that those are things that
people tend to get passionate about and get behind in terms of brands and, uh, will go out
of their way sometimes to buy those particular products. So, yeah, no, I like that.
I think that's awesome because you never know. diseases, helps fight a lot of these different illnesses that we're dealing with in our lives
to prolong life. That would be fantastic. So I like where you guys are headed there. So
thanks again for taking time out of your guys' schedule. I know that you guys are both pretty busy. But it was a great, great opportunity
to, again, to sit down with you guys and get to know a little bit more about the Gstarter
platform, where you guys are headed. And I think it was good for our community to jump in there as
well. So yeah, great things I feel like are going to come out of this. So we're excited to have you on board as part of the L1X team, as well as part of the L1X ecosystem.
So with that being said, thanks, everybody, for tuning in.
We appreciate you guys and your support.
If you're listening in live or on the recording, definitely give these guys a follow.
Reach out to them.
If you have questions,
sign up for their pre-whitelist
or, yeah, the whitelist thing
that they've got cooking.
If you're an individual
as well as for a project,
I think it's going to be something
you definitely want to jump on right away.
So not financial advice,
but this is just a dear old Cody
talking about a project he thinks is pretty cool.
So with that being said, thanks guys.
We appreciate it.
And we will talk to you guys on the next one.
Keep working to unite all the crypto, everybody.
Have a good one.
Talk to you later.
Thank you, Cody.
Thanks guys.
Yep.
Bye-bye.
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