Hello everyone, welcome to another Twitter space today between Swapsicle, Yade Bit Arcade and Delos Foundation. Thanks for being here, wherever you are from in the world today.
Thanks for joining in and thanks for being here to ask the questions and learn more about these awesome projects that's here today. Let's give it a one more minute and then we can get started.
Perfect, I think we can get started. I think everyone's that's supposed to be here is here and I think we can get started. I also have my co-host joining in. Jeff, do you want to take over?
What's going on guys happy Tuesday. Yeah, one of the jump on because we did a future space with a repudiate space with 8-bit and swamps go and it's been pretty close with both teams so super excited to be here today and excited to have our guests on board.
you know, want to start with an introduction of yourself for everybody. Hey Jeff, hey, so Keshe, thank you for the invite here today. I'm excited for the eight-bit token launch. I'm so excited to introduce Russell and the token
and the actual offering to the community. Just to quickly introduce myself, I'm Lee, one of the founders over at Swapsicle and we've been absolutely ecstatic since launching over on Telos and now this is the start of us helping the projects I'm trying to fundraise
the overall need, co-system as well as liquidity help, as well as market in help and everything. So we basically want to make sure that we have a go to foundation over on TeLOS to really help projects fundraise
and grow and if they need any support in any way shape or form then our skies are here to hold hands. So yeah, so thank you everybody, thank you all for tuning in and I'm really excited to get into the conversation today. Thank you Jeff.
I'll go next chef. Yeah, yeah, of course. Yeah, sure. How's everybody doing? Hope you guys all had a good extended Easter weekend and got some good rest and we're back at it now
So yeah, my name is Brian Carraker. I'm the chief commercial officer over here at Swapsicle. Handle all sort of onboarding of partners and working closely with all of our launch pad partners bringing them over, making sure that they're
getting everything they need to be successful, not just on the chain, but with swapsical and kind of tying everything into the ecosystem. So excited to be here today. Appreciate Sikash and Jeff for having us and excited to learn more about Ape as well.
Jeff I'll jump in. Hello my name's Russell, I'm the founder of A bit Arcade and the big boss as they call me. So if you like your games you'll all know there's a big boss at every level. So yeah I can't wait to get stuck in and don't you know where to start so I'm going to be asking Jeff to sort of rein me in
and steer me in the right direction because I have a habit of waffling on guys. I'll do apologise. But yeah, Jeff, please, if you want to start us off and tell us what you want me to do, where you want me to start and how we want to leave the conversation, that'd be great. Yeah, no worries. I think we think about the landscape of the
market. A lot of people don't know until launch. If you look over the last two years, there hasn't been a perfect time. In your mind, from both of you guys' perspective, why now? What gave you the confidence to launch?
and kind of made you, you know, operate with that clarity. Yeah, I'll hopefully answer that. So for us to be honest, the project came about last year when I started heading it off. So at some point we were always going to have to launch our token. There was never going to be a perfect time or a terrible time.
The market has been going through a bit of a lull at the moment or bear market. Some people like to call it. So launching a token now, there's always a difficult or a meagre appetite for tokens. But we've noticed the NFT market still being quite buoyant at the moment as well.
It looks like BTC starting to pick up. People can do a bit of technical analysis and look at the charts and it's certainly looking a lot more positive of late. There's a lot more volume in the market. Having said that, there's never a bad time to be working on the back end development of a project. So doing all the background
and the hard graft and stuff, you can put all the groundwork in there during a bare market. And then if you want to, you can wait until the market pits up and looks a bit more optimistic to launch a token, but in all honesty, as long as you've got true utility and you're token or your project, you can launch
at any time and it should do reasonably well. People will see that there's value in it and they will invest in it. So where you look very optimistically even at the moment if it's not particularly sort of like booming, we still feel it's a good time for us to be launching our token.
Amazing. Yeah, it's really good to see that you guys have been focused and building in bare and now it's when all those kind of fruits kind of hatches really really good to see and I guess you know leave from your side you know kind of give us an update on the launch program. You know, it's very similar to that question, except you guys are trying to launch multiple
projects, so that's kind of even a layer up of difficulties. Kind of wagged me through your darn process there. Absolutely. Great question, Jeff. From a point of view, obviously we've been over on the Telos ecosystem a couple of months now. So it's a new community. I'm a new community. So we're
we're learning as we go with regards to community appetite and valuation behind the projects that we can best advise the projects coming to us and the success and failure of the projects fund raises will all be based on the date that we collect over a given period of
time which will help us guide those projects the best way moving forth. There will be successes and there will be failures. We're not stupid enough to think that everything but we're tutors going to turn to gold and we appreciate it and we're going to learn from every kind of failure and how it makes sure that there's more successful
in the latest stages, then there are failures. In terms of updates regarding the launch pad itself, obviously Abit is a great project and it's the second launch pad partner that we've had go live and we've got three
other contracts signed at this moment and you should see another free launch pad partners go live over the next three to four weeks, maybe five weeks extended based on what they're looking to achieve in the market from the kind of sweet spot on when they're trying to launch and like Russell
said, when is there a good time to launch a token? It depends what your long-term view is on the space. If you want to launch your token at the height of a bull market and then go into a bear market or you want to do it in the middle of the market
or try to make sure that you're thinking utility first and not really worrying about the market conditions. Then I believe that Russell was kind of taken that is probably the right way. Utility has always got to be considered first that over whereabouts we are in the market in my personal opinion.
Yeah, I think it's a really good perspective to be honest because if you think about it, you know, the lifecycle of your project, it's probably going to be anywhere from, you know, four to five years if, you know, you actually kind of get what you want to be. And in any of those moments, you're bound to experience a down cycle, you know, throughout that lifecycle.
I'd say maybe the best bold we've seen has been over the previous year and a half before this bear market. That was an extension of what you saw in 2017, which was much less. Typically, you have these run-ups and then an extended bear market.
I think anybody at any point in a project's life cycle is going to have to face that ultimately. Couldn't agree more. We can basically advise on that from experience. We fund raise right in the height of the ball market and we raise like four
$4.5 million in the two weeks for our community raise. And then obviously it was just downwards from there. So we're coming about it from the other way. So we've learned that. The good thing is we raise significant funds, but it's hard to
on the other hand to increase engagement. The speculative investors, the vegans are investing in projects now and engage in now in these bear markets because that's when the real upside's made when investing is obviously the obvious but sometimes not obvious.
instance you don't raise as much as you would hope to extend your runway. You could always come back at a later date and actually raise again and as long as there's a discount on that raise to the community based on what the actual token listed price is at that current time you can come back for around two around three around four when there's different different
market conditions as well. So we don't only launch projects, we help projects fundraise as well, as long as we feel for the opportunities right for the Telos community. So hopefully that gives some information out to those other kind of projects that may be considering multiple fundraise rounds.
100% and that's a really good point that even if you raise a little bit you can start building and you can actually raise later even better valuations so it can actually be more advantageous for the projects. Oh, couldn't agree more and just to give some examples I've seen some people
raise under what their true valuation is and what they've done during that period is has emitted a significant amount of tokens. So what happens when the price kind of goes up from what they sell goes tokens that they're going to be dumped onto the market right because there's going to be speculators who are going to want a return
on their investment and their profits. If you break it down into different rounds, sometimes it helps for long term utility because it brings funds in like you said. That was a key thing that you said there, Jeff. If you raise a little bit, it enables you to build more utility into a coin.
And then if there's more utility on the coin that's going to counteract the pretzel pressure that's going to come from the fundraiser initially as well. So sometimes it can actually work in your benefit at doing it at multiple rounds. 100% agree. And when considering in a project you had a large previous scene you guys are working with EP
bit arcade. What was it attracted you about E.P. I mean I work with them personally and I'll probably dive into the rest a little bit more but from your perspective what may as you choose a quality partner like them? Well basically it's all about the people for me personally and I know
different people within my team might say different things. I for me it's all about the trustworthiness of the individual that I'm dealing with and the professionalism that I see and then obviously alongside that is obviously the plan on what they're looking to build and can I buy into that right. So I met Russell for
And we got on very well, he's a likable guy and we got on very well right off of the bat and throughout the process obviously he's now been in the juice to my team and obviously he's getting on the boat guys as well.
So that was the first point and then obviously looking at what his plan was and especially where he's kind of got a similar refus to us as well where he wants to try to intubate games as well right and to help and hold hands in the way that we're trying to do over on the telecycose system. So that was the clear synergy
between Swapsicole and I like it more and more. Amazing. And I would now kind of bring that over to Russell and see his perspective. I can fully agree with the end of the day whenever I'm working with partner. You really want to invest in good people, projects will pivot, tech is going
advance. People has always been the center point for us. Russell, maybe show your desire to kind of evaluating Swaps to call what it's been like to work with them. Yeah, so it's been an interesting little journey for us. We originally tried to launch our token on pink sale and they weren't the right fit for us really looking back at it and we learned quite a lot from that process.
Then there are other platforms, decentralized exchanges, is kind of what we were looking for that we're considering. But it came across to Lee actually just passing by conversation, I think, through one of your team, actually at Telos, obviously talking to them as well. And our project was mentioned to them and I think Lee sort of reached out to us and we got into conversation.
But I think the thing that really attracted me to them was Lee's good looks. So yeah, but no, I really like the user interface that they're platform. I like the, I went and I'd look at their website and their and their decks and stuff and I really like what they're doing. I've got a bit of a design background and
to me when you get at the forefront of your mindset or your business is your end customer. And if your UI, especially in this space, is well designed enough that you've actually taken a lot of consideration of the people that are actually going to be using it on a day-to-day basis and they're your
primary thought, I could see that in there UI and that's kind of said a lot to me. I said to these guys, no, what they're doing, they're doing a really good job of it and they really care about their customers and I thought I could absolutely work with people like that. And then after obviously having initial conversations with them and having video calls with them and stuff and like Lisa, we got on quite well.
So yeah, just went from there and you know what, I was in the time where I was like guys, I need to sort of like launch our utility token and they were came up with some good solutions and they made it happen really quickly and I really like that when you go into this space, there's a lot of people that talk bollocks and apologies for my my language, but yeah, they talk the talk but they
very rarely actually followed through with the product or the material and these guys did and that meant a lot to me. So yeah, it was pretty priced to sort of relationship early on with them and I thought I can do business with these guys. So that's kind of why I'm con with Swaps are cool. So there you go. I can give them a better feedback could I? Amazing.
It's always good when you have the vision, the mission, and the values all line. That's really the perfect point of synergy. Getting the utility dial in is one of the most important pieces because at the end of the day, that's really what drives the value. But when you look at the whole vision behind you,
our kids. What was the idea that sparked that loss? What caused all that to start in the beginning? I've kind of been in this space since 2017 as an investor and I've been lucky numerous people and you hear these stories all the time of being invested in projects, whether they're NFT projects, gaming projects,
or just crypto investments that never work out. The either slow rug or the rug or something happens to the development team and they abandon the project and I got tired and sick and tired of being involved in these projects and I usually do my homework. I'm quite savvy investor and I was involved in this project called 8-bit crypto which
is a different project to ours obviously and they had a really good young team of three developers that were working on it and they, you know, life takes over, they get other jobs and they kind of sort of didn't have time to concentrate on the project and they kind of peed it out, you know, you run out of steam effectively and that's kind of what happened with these guys. They've got some big, big jobs
working for other people. So I was like, look, I don't want to see this sort of die. So I kind of sort of had conversations with them back towards mid sort of end of last year. And I was like, is there anything I can salvage? And they were quite sort of difficult about handing over any of their IP, which I totally understood. So I ended up being able to take over the brand.
and the name 8bit. So obviously we changed it, it's no longer crypto, it's actually 8bit arcade, but they had a completely different business model or plan and they were going to have a mobile app with some sort of lottery on it. And I kind of sort of had the conversations with them, what Leon said, it would be great to do some sort of arcade with gaming because they had gaming at the heart of their
project and they kind of like the idea about it but they never followed through on it and you know what once I sort of showed some interest in taking it over I thought you know what I'm going to make this work because I had quite a big sort of fund memories of playing in our Cades as a kid back in the 80s and 90s and all the games that were popular then you know the 8-bit
sort of 16 bit games. They're actually quite still very fashionable now and they're still a big demand for them and there's a massive community. So my generation of people are in their 40s and even now there's a big game in the community of people in their 50s and 55s who still play all these you know old school games and the fact that mobile
gaming's come about now and majority of gaming is done via mobile over 50% is. It's actually a prime opportunity now for a lot of these retro style games to be back on mobile. So there's a massive sort of area that we believe there is a big market for us to exploit. So
And once I dive into a little bit more about what a project is, that's kind of what we're aiming at. The main theme is retro gaming, but having said that we cater to all games and that's RPG games, modern style games. So we love gaming basically. It doesn't have to be a particular type. So I won't say anymore. I'll let you cut in, Geoff, again.
No, I think that's a really, really perspective. If you think about stranger things and then that kind of launched how many years ago, maybe four, right? There was always the arcade and that's a point in nostalgia for I think really anybody over the past probably 40 years where you have this arcade, these retro games, Pac-Man,
and starship and I think that is a really strong point of nostalgia that you guys can tap into that most people really resonate with. But look at what a strange thing has done for Dungeon and Dragons now. All of a sudden there's a massive demand for it. It's some belief or if anybody knows what's going on in this matter, this will happen.
Yeah, I know there's a lot of money being made off the back of it and it's basically momentum, isn't it? You just need something to sort of get into the attention of people to grab their attention and before you know it, you've got a younger generation now that applying dungeons and dragons again that probably would never have considered it. So you just
need to sort of put yourself out there, find the right platform, market yourself, and there's no reason why the youngsters, like my kids now, pick up their tablets now, there's no reason why they can't play, you know, millipede or space invaders like I used to or Pac-Man on their tablets and do you know what, they pick it up, they'll play it, they'll enjoy it just as much as I did, so#
100% yeah and so for users you know what when can they expect kind of the first games to be coming over and then what should they be most excited about? Okay so our platform is in the midst of development it's been worked on so what we've released at the moment is a visual sort of web of what
the platform will look like on the web, but the web based side of things. Now we are slowly going to start uploading some indie games on there. And for those who aren't familiar about our project, we're there to support independent game developers, help them sort of bring their games into production, support them, give them a community that can test their games, but also if they
They're deemed quite successful and popular and we believe there's some legs in it. We can take them on to through an incubation phase where they can race and fund basically. So that's kind of what the crux of our platforms all about. But we'll also be hosting some license games. So towards the end of the year, we'll be looking to onboard some of the license titles and we're talking some of the more famous brands company.
I can't mention their names but we'll be looking to license and have a hand for library of games. License came on our platform. But as to sort of more what's coming around the corner now it's more going to be independent games and like I said we'll be on board and slowly hopefully in the next week or two we should have one or two up on board and we'll be able to
to really show people kind of what our utility is all about. And over the next month or two, six to eight weeks, we will have a mobile app which we kind of keep a little bit quiet at the moment. But that is going to be a massive for us. If anything, because the majority of the gaming industry is played on mobile now, for us,
it's a massive area for us to get into that market but also exploit it from a never-tizing point of view. So we'll have a free-to-play mobile app which will be available and the platform and the app will be going live in September this year. So if you're looking at a date for a roadmap that's kind of what we're aiming for.
it moving quick. There's always lots of work to do, Jeff, and every day there is to my wife's detriment, unfortunately. But yeah, there's loads of work to do. We've got a small team at the moment, and as we grow, we'll start adding more and more people to the team. We've got a couple of, well, we've got
a couple of devs working on the platform and the app and I've got one guy doing a social media for us and then I've got a bunch of people helping us out with the Discord account telegram and on there. So there's a little bit of chat it is picking up we're very early so if there's anybody listening to this AMA now
a great time to be showing some interest, follow us on our Twitter accounts and maybe even look at possibly buying our governance token. Our governance token is going to be really important in the sense that we are going to be run like a Dow, although we're not going to be a completely 100% Dow. We are have Dow-like sort of
areas where members of our community are token can basically participate in day-to-day running decisions. So what we'll do is we'll bring sort of votes to the community through our Discord channel and they'll be able to decide on where some of the money or funds are spent and that may be marketing or they may say look we really want this game to
be on our platform, we can sort of go and have a look at the people that own that game and say, look, can we license the game off of you and have it on our platform? Because there's a lot of really popular ones out there that are played by millions of people around the globe. And if we had enough people in our community that showed some interest in a particular game, there's no reason why we couldn't hold those conversations with the right people#
That's kind of what the governance tokens are about. There's also a 10% of profits will go back in the form of rewards to our token holders, where yet to decide exactly on how that happened. But I'm very much a guy when I say something, I make it happen. I stick by my words and I'm a bit of a innovator and creator as well.
well. So wherever there's possibilities to make something happen, I usually make something happen. So hopefully people like what they're hearing. And I'll let you jump back in, Jeff. Amazing. No, thank you for walking through all that. I think honestly, that's a really good mindset to have is take action and get right to it. You can
thing, I think at the end of the day, execution is probably the most important piece. Oh yes, there's too many people in this space that just don't follow through and get things done. You don't always have to sort of get done exactly as you planned it out because there's always other people that get involved into your life.
that under alter, you know, the outcome a little bit, but as long as you'll perceive to try and make an effort to get it happen, quite often what you end up with ends up in a lot better. Again, going back to my sort of design background is quite often if you're given restrictive sort of areas to innovate in, you kind of
end up with a better product in the end because those restrictions are dictated to you by the market and your users. So that's a really important thing to bear in mind is that you're not failing if you come in a cup across problems and you're having to sort of change direction a little bit quite often it's for the better.
And you touched on a good point there, which was the utility it kind of took a little bit to dial that in and how Swapsical really helped. Leigh Bryan, maybe just share your thoughts on kind of what that looks like from your perspective and how you're really able to perfect that for projects and specifically in this case.
Because I've done loads of toolkit, I'm going to hand the mic to Brian for us. Yeah, so I mean, I think when you talk overall just utility and things in this space, I think you obviously have the defy side of things, you know, that that swapskull handles with finance and things
like that. But I think one of the biggest sectors still to be seen, I know it's kind of on the scene now, but I think it'll just continue to grow immensely, is sort of the game-file space. I mean, that's what people are really looking to use, like how can I use this token to actually benefit within the space?
I think we finally are shifting from 1000% APRs to what am I actually doing with this token. So when you speak of things like GameFi, I think it really brings an element to Web3 space of, okay, there's an actual use case for this. You know, 8bit will be incubating
new games coming into the space and they use it as a governance token and also profits from everything that's kind of coming in through their incubation process. So I think it's just simple and easy for people to understand, okay, this is what this use case is going to be. Here's how I can benefit from it. And it's not this whole kind of convoluted
I get more of this and I create this and I'm just obtaining more of this other token so I can what eventually just sell it right. So I think we've evolved in the space to the point where it's like how do we use these tokens to not just benefit you know myself as an embedded
investment, but also the project as a whole to continue to incubate more products and bring in more developers into this space. So as a web 3 as a whole space, I think, you know, when generally speaking, it helps people really put an overall vision of what web 3 is trying to do. So that's the main thing I love
about 8-bit. I love that they're kind of not piggybacking off of a launch pad, but they are an incubator in itself that when you talk about what are the type of projects and people we're looking for in this space, it's people who are going to continue to grow the space. People, the good actors, the people that aren't looking to just rug products.
They're looking to build so other people, other entrepreneurs can come into the space, learn from things that have happened through our experiences, Russell's experiences, to again just continue to elevate the Web 3 space and I think just the way the internet did in the beginning, it kind of just acted as an incentive.
the more people get involved, the more the technology advances, the more opportunities your Instagrams, your Twitter spaces, and all these things will start to fall into place. But that's all tied back to people like Russell who start incubating products and start giving people a platter.
form where they can innovate on. So I just think that's all super important. Yeah, really, really well said. The amount of bad actors in any space of innovation is usually more than the good actors, right? Whether it's people not actually wanting to build or just detracting from that or, you know, doing social
engineering. So when you come along people that actually are wanting to build, it's very easy to create positive momentum. Very well said. So I think this would be a good time. A lot of people in the community, a lot of emotions and emojis pop it up.
I don't think I'm gonna open the four. So anybody that wants to ask questions for either side for Swaps go or for Ape at Arcade is feel free to request to speak and myself or to catch will let you come on board and ask questions. That looks like we got quite a few
We actually have almost 12 people already in queue, so I'm going to start to open this up one at a time. Queen, I will bring you on stage. Now, actually, Queen, let's do it. Give me just one second. Should be good to speak now.
Hello. Hello. What's going on, Quinn? Happy Tuesday, all. Fine.
What are you guys doing? Doing wonderful. Thank you for bringing me up to speak. I actually have two questions for subsequent projects. One of my first questions, as we all know,
profile marketing and capital infusion project dies. So I want to know how do you convince us that you have an adequate marketing power and capital to push this project to the top project in the future.
I'm happy to answer that. Basically, as part of, are you talking about, I'm assuming you're talking about Launchpad Partners, right? So, yeah, absolutely. Right, so basically, with every Launchpad Partner, what we do, we work collaboratively together with that particular project.
And we've obviously the perfect foundation as well and ourselves and we actually build a campaign around that particular launch pad partner. That's why we're on the AMA today, right?
then we create things like crew-free or airlift campaigns as well to encourage engagement and giveaways. We do educational material as well as everything else, but that's just really the kind of first stage of it where basically
swaps the core runs multiple events all the time to increase engagement, to encourage participation which is key to all of this and to kind of encourage questions from the community as well because what does questions bring? Good questions
bring security because if you have answered questions that's when you don't trust what you'll get what I'm trust what you want what you want to put your money in so so if you get to be able to engage with us engage with the partner and ask all the questions that
you want to ask, then obviously that builds trust. And we want to make sure that we give our launchpad partners that platform to be able to answer as many questions as they can. So they will engage with our community and to give you an indication of the size of our community, I think we have about six and a half thousand people
in our discord. We have over 18,000 followers on Twitter and the engagement numbers and that is increasing every month for the moment and our following is increasing as well. And as we grow and as we release different kind of projects and we bring more marketing campaigns out
the future, we feel that that's going to grow as well. So, a better long answer to your question, but yes, we do believe that we can give a platform to our launch pad partners from a marketing point of view. Yes. Well, that's really good. And finally, before I leave the speech,
You know, looking at your project as a DeFi project, you know, I want to know like, what are some of the challenges that you are trying to solve in the next Cisco 12 multi-to-com? And how do you plan of bridging the gap between the web to users or not crypto users to web 3 users into your ecosystem?
Absolutely. Good question. Really good question. So the first thing for us was like, right, we've got funds and we can launch a deck, right, which is going to enable swapping between one and other, right? And then we're like, right, thinking, right, well, that isn't enough. What else do
there needs to be staking, there needs to be farming, there needs to be fear on an off ramp directly via our decks, there needs to be community growth and engagement so that's why we launched pad and then
Staking project products for basically people can trust because unfortunately within this space staking projects and products of the things that are not trusted most especially with what's happened in the centralized exchange world so the staking project
a very unique market because unfortunately as you probably well know a lot of staking projects the actual protocol or the exchange will actually use your funds to yield a return and that's how they give the A.D.R. However, swapscalls do
it completely the other way around. We use our treasury in DeFi strategies ourselves to obtain yield. Then what we do once we populate that yield, we will then bring that back to our community and we will then give them access to single-sided
So that was a big project product for us. We've also wants to bring some more fun and engagement into the community. So there's a particular project that I'm really excited about that we're bringing to Mark here over the next month or so. And it's called Ice Cream Zombies and it's an NFT.
project which the NFT a lot of NFT projects just bring out our or a character and there's no real utility or full process put in behind this. Well basically utility is at the forefront of this particular NFT and it's going to be
a free mint based on the amount of pops that you stake. So again, we're always thinking about our underlying token within the ecosystem, but then it's going to open up really cool features within our ecosystem and also it's going to increase engagement as well. And then your aren't question was about
on board in Web 3. Web people from Web 2 to Web 3 and how can we do that? Well, we've been reviewing the market for Web 3 Wallets, not Meta Mask, but we've played around with the concepts of smart contract wallets where you have social logins and stuff like that.
So it's not on a high priority list at the moment because when we reviewed the market there isn't significant volumes coming from that area of the market. So what we're targeting, we're targeting other items of growth, other areas of growth first, so we're going to we're targeting
you've always got a priority list of products of development first because you can't just do everything at the same time but making it as seamless as possible for non-crypto-savvy users is high on the list and something that we'll be looking to achieve over the next 12 to 18 months.
Well, you killed me. That is really wonderful and I wish you a good best of luck and I would like to be part of this community. Thank you very much. Really appreciate your questions, Quinn and have a great day. But honestly, really great questions. Thank you.
Even though I expected your voice to be very distant to work. Perfect. I see a lot of requests. I think we have like 20 more requests, but I'll try to pick her on for or five more cushions and then we'll try to wrap it up. Let's see. We have
Chris, you can speak now.
It's actually my baby boy's name as well.
Yeah, thank you for your good evening, dear. Am I audible?
Yes, thank you. So first of all, I would like to say thanks for hosting this in Kadi Valley, and secondly, my question is like you have listened about chat, GPT and artificial intelligence.
which blows the whole crypto space right now. So I would like to know that is there any planning to integrate these new features to your project also by which one can take benefit. Thank you.
and Chris, who's the question to is it's a swaps the call or a bet? Or should we both answer it?
Oh, Chris, yeah, thanks for the question. So right now at the moment we're concentrating on our platform and launching and having games on there and having said that, I am doing a lot of networking and there has been a lot of conversation about chat GPT and AI in this space. It's a boom in area, but just like any new innovation,
There's a learning curve and there's certain gaming projects out there that have got some interesting AI features in them that are coming out. One being artificial intelligence learns the style of play of a particular player playing.
play in a game and we'll turn that style of play into an NFT and then people can sell those NFTs on. So if you can imagine someone who's very good at a game obviously been able to sell your style of play and someone can buy that and then do well in that game it could be quite a sellable product. At the same time you
could have someone who plays extremely badly if they're playing a funny game at the same time they could make some great highlight reels from that. So again, that's a great source of revenue for advertising. So yes, it's interesting to see what AI has got to offer this space and I think there's going to be a period of adaptation and people learning from it.
on how best to use it. We are certainly watching it. It's not something we're looking to integrate into our platform directly at the moment but having said that, AI is a very interesting tool for gathering data and summarizing data as well. So that might be something that we
great into our platform over the next 12 months potentially but at the moment it's something we're certainly watching and keeping a careful eye on. I hope that answers your answer. Your question, Pri. Yeah, yeah, thank you. So I have one more question for Sleb Siegel. Can I ask?
So I would like to know that why have you chosen to build your project on blockchain?
I've never been asked that before. Well, it's probably the flexibility of being able to build decentralized financial projects. It's not like
I can probably go down to my high street, rent office or a room or something like that and just create a bank to offer financial services to the everyday retailer. So it's a way
It was the only option for us to really get involved with finance and try to make a change on this space because at the end of the day the ideology behind the centralized finance is giving power back to the people. So that is very true to what
we believe that's whoppsicle and all the founders and the executive are exactly the same mindset as well. So yeah, I believe that answered your question, Chris. Yeah, thank you so much. Thank you.
Thank you, Chris for that. Let's move on to maybe two more questions. Let's see. I'll try to pick
Okay, in the meantime for June maybe you can try to speak up
You are giving the speaker a roll right now.
I just see them connecting, I don't know what's going on.
Jeff, if I just pop in, if anybody's got any questions, because I realise this quite a lot, we're running out of time, please just DM us. We're more than happy myself and my team to answer any questions in DM on Twitter or just join our telegram and we'll pop the links in up shortly for you.
And there's exactly the same here you can pop into our discord or our telegram rooms. There are as many questions that you guys may have.
Yeah. Rhea, you should be able to speak up now and ask your questions. Hello.
My question is, community is a backbone of any business. So I would like to know that how important do you think community is for your project?
I'll jump in and answer that first. That's all right. Thanks, Reavvy question. Community comes first in this space. I think a lot of other projects will probably agree on this. If you are thinking of going into the Web 3 space, you certainly need to put community at the forefront of your mind.
certainly needs to be a key decision maker in how you proceed. So what you'll find in these in order for you to launch any token or back end utility, you really need to be generating a bit of hype and that involves with building up your community. So we're at that stage now where we're trying to build our community up.
going forward with regards to building it, we're going to be looking at obviously bringing on gamers. So it's been interesting what we're doing because we're not just a crypto based project where a gaming project that is going to be across web zoom web 3. So we'll have traditional gamers coming into our platform. So it's very important for us to attract them. So we will have a camera
So that's going to form a crucial part of our platform and how it works. And at the same time, we'll be looking to shape our community with developers or game developers. So we've got two sides to our community and they're very much like, you know, we're going to be looking at the
at the forefront of how we shape our business, how we proceed, and we have to basically at every stage consider how we target those particular markets and those particular type of users and customers really, because they're customers as well as community members for us, then they're not one or the other
So we have to bear that in mind and how we target them is very important. So we're at the stage now where we're launching our governance token and some people have said to me, why are you doing that now? You could be doing it and you've got a bit more utility. And the simple reason is, is in the name, it's a governance token. Therefore, we have to give a political voting.
to our community and it's extremely important and it forms part of our core values is that our community has a voice in how our businesses run and the decisions that are made in order to shape it. So I hope that answers your question. Thank you. Thank you so much.
Perfect. I think we have one other question and then we just go to the closing statements. I where you can unmute yourself and ask your question.
Hello, am I ready to? Yes
Thank you so much for giving me this opportunity. So my question is actually I'm interested to invest in your project, but I just want to ask like what do you think is the best strategy that you can do to bring more users into your project?
And what makes you feel confident about the survival and sustainable success of your project in the near future? Thank you. Did you just want to tell us, I've already, isn't it? Is this for 8-bit arcade or is it for swapsick or the question? Yes, for
I can't help you answer that. So our project, the way we are building it at the moment is it's mainly going to be about games. So the survivability as you put it and what I call sustainability is very much going to be dependent on our
business model. So we have three sources of income. We're going to have subscription. So we'll have a subscription membership basically where people can pay to play the license games because as you can imagine in order for us to host some of these license games, there's a fee that we have to pay. So in order to cover that fee, we'll have subscriptions. So there will be obviously profit margin
in that subscription base on our model, we'll be looking to grow that as we move forward. That will probably be the main and initial area that we all basically have revenue coming from. The second source of revenue we're looking to get will be from mobile app and advertising revenue through the light of TikTok YouTube shorts. So our mobile app will have a clever
sort of innovative feature in it, which will basically allow people using the app and playing the games on there on the freezer play, will be able to ping out the highlights of their best moments in the games and send it out to their TikToks and their YouTube. Because it will be produced on our app, we will have some intellectual property rights to it. So therefore some of the advertising revenue will be kicked back to us.
So that will be a second source of revenue for us and as we grow and our membership and our community grows, we anticipate that being the largest source of revenue for us moving forward. And then the third source of revenue for us, which is the we touched on it is the independent game side of things where we're going to be incubating games. So if you've got a new
project that is gaining based has a game that they want to launch in the web 3 space, whether it's what it could even be in the web 2 space, to be honest. And we incubate them, we'll go through the process of raising funds for them. And just like any incubator, there's a fear attached with when you raise funds and that could be anywhere from 2 to 7% or there could be a contractual
agreement where we have some intellectual property rights into the game or the brand. So that will be a third source of revenue for us. So those are the two examples. We are eventually into 2024 looking to roll out a online store where we will be basically selling hardware, gaming hardware, and that can be remote, that could
be consoles and that may even be old arcade machines. So that's something that we're sort of looking to roll out in 2024. So that'll be another source of revenue for us. So having multiple sources of revenue is extremely important. I think a lot of the reason projects have failed in recent history in the game fire area is because they're totally rely on one
source of income, which is their tokenless and as soon as they depreciate and the community starts to leave them and they bleed, there's no coming back from that. But we have a very traditional way of running this business and traditional means of revenue, which because we've got multiple of them, I think it makes us more sustainable. We unlike a lot of the web-pre-based
projects are survivability is not based on a token at all. So I'd just like to make that clear to people, we're not a gain-fired project whatsoever. I hope that answers your question. Yeah, thank you so much and a issue good luck in your project. No, thank you for the question. Pleasure to meet you.
also. Thanks for your question as well. I think that with that said, I think we can conclude today's session. I think we had a long session today. So thank you everyone for joining in and before we end
the session. Do you have any final loads from Swap School and Yadebit to the community and anything that you want to share for the community and where could the community find you guys and how they can reach out to you?
Absolutely, I'm firstly thank you everybody for tuning in this afternoon, even in morning, wherever you guys are in the world. So thank you for tuning in firstly. I'm logged in via the main Swapsa Core account on Twitter, which will have links to all the socials for Discord, the Telegram and everything else.
and links to the decks itself. Obviously we're excited by 8-bit launching, so that's obviously quite exciting time and working with Russell to fundraise and launch the token, so I'm interested to see how that goes down. And secondly we've got ice creams on BizVNF2,
project I mentioned earlier on today as well as something else really cool that should hopefully be coming to tell us within next month as well. It's project stealth at the moment but it's going to increase community engagement, trading, volume and stuff like that so that's
discovery phase which we're looking at and then things like concentrated liquidity and this defies a service protocol that we're bringing everyone down the line as well. So lots of things happening at Swapsical, some of the best thing is to follow the socials to stay up to date with
with everything that's going on. But let's just say I'm really, really excited for the short medium and long term. So there will be a lot of development and updates between now and Christmas basically. So yeah, but thank you, Elwell again, for tuning in and Sue Kirsten. Thank you for being a fantastic host as well.
Yep, I'm just so happy to invite. Russell from 8bit Arcade here to everyone that was listening. Thank you very much. It's been a pleasure being hosted here with Tellos and Fopsicle. If anybody wants to know more about our project, come onto our website, join or follow our Twitter, Telegram and
and Discord is probably a very good area to go. A lot of our community is in there, it's reasonably active. We have done KYC and our contract hasn't been audited. You can find all the details of that if you look on our website or on our Discord channel. There's a lot of further details you'll follow in our guest on mobile.
mobile app coming up the platform and hopefully some upcoming games in the next couple of weeks. We've got marketing that is going to be started to turn in the next few days and weeks hopefully so keep your eyes on that and share it. There might be some promotional offers in there for you. And if you want to be part of an exciting project that's got sustainability at its core community
it's core and that is going to be the next mobile or app Play Store in the gaming space because we are going to be there, we'll be the Amazon and you want to be part of something incredible, and enjoy us and go on to Swap2Con, purchase some of our governance so that's lovely and have a happy rest of the holiday, people.
Awesome guys and super excited about this launch as well. So everyone's a stage you and do follow up with the Swapsicle team and the 8-bit team and look out for the
launch of the token as well and that's it like yeah thanks for joining in today have a really good day yeah have a great day guys take care and bye