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Looks Good Sendit - BONK Szn Ep. 14 w/ MigrateFun, Aircoin USDcoin
Recorded: Sept. 29, 2025 Duration: 1:01:09Space Recording
Short Summary
In a lively discussion, the teams behind Aircoin and Migrate Fun shared insights on their projects, highlighting Aircoin's promising launch and community support, alongside the strategic migration of tokens to the Bonk ecosystem. With significant fundraising success and a focus on growth, both projects aim to capitalize on emerging trends in the crypto space.
Full Transcription
Thank you. . i was just gonna make the music play for a full hour instead of talking um hey adam are you the
only one from migrate coming or is there other people I should
have on stage?
No, Jake's going to be coming.
He's coming right now, so he should be here any sec.
Okay.
I was just going to invite anyone with your guys' profile picture and assumed it was you,
so I did enough who to bring.
Sounds good.
Cool.
So we'll get started.
Honestly, there was going to be a a project up here called
usd coin but they may they may or may not have they may or may not exist anymore when we scheduled
this three weeks ago so bro come on man are you serious it was uh it was um yeah it man only in
crypto bro only in crypto man that. Only in crypto, man.
That's crazy talk.
That's crazy, man.
I was a little skeptical.
So I was like, you know what?
The good news is Aircoin, the chart actually looks really good.
They raid really hard.
You got Solport SKG supporting them and others.
So I was like, well, we'll give some more time to Aircoin,
especially because they yelled at me for having to share the state.
No, they didn't really yell at me.
They kind of yelled at me nicely.
Jake, he can request to speak.
There you are.
Okay.
Utility Bowl.
Is that with you guys too?
No, that's with Aircoin.
Okay.
Sweet.
And then with Aircoin, there's also going to be um mclare bell so i don't know if mclare's
coming or not but we'll figure it out so um let's get started what's up guys uh so i'm harrow i'm
14 years old i've been in the space since 2016 i don't know how i started doing these spaces but i
really enjoy doing them it helps me learn more about different communities um some that i don't know how I started doing these spaces, but I really enjoy doing them. It helps me learn more about different communities, some that I don't absolutely want to stay away from.
And most of the time, though, it's ones that I absolutely want to join.
So it's been really fun to do this for 14.
This might be 15, actually, 14 or 15.
I can't remember, but it's been really fun.
So everyone's probably hurting
right now looking at the chart. And it's kind of funny to say that when you see Bitcoin at 114,000.
But if you're like me, you don't really own any Bitcoin. You just like shit coins or,
or gems as I like to call them. So the purpose of this space is to learn more about Bonk Eco
projects. And what's the other word, not projects but utility tools i'm not sure well
we'll call we'll call it something but today we have air coin and we have migrate fun um i had a
chance to listen to migrate fun last week i think it was with with rager on stage and i'm really
excited about their project um not just because i'm a 2% Bongo cat holder,
but I think that they have some really good tech and it's going to bring some more eyes to the Bonk ecosystem.
So the way this is going to work, it's going to be me kind of rambling on every once in a while,
telling bad jokes, Bonk intern emoting every five seconds or so.
And then I'll just ask a couple of questions, starting with Aircoin.
So we have MyGreatFun team representing them, Adam and Jake.
And then with Aircoin, we have UtilityBull and then maybe McClare if they come on stage.
So to start off, what's up, Aircoin?
What's up, Hero?
Thanks for having us on.
Yeah, no problem.
I've seen Aircoin raid probably harder than, and I don't say this every time, you guys
raid harder than probably any other community that I've seen lately. Appreciate that. That means a lot. We're working hard. The
community is on fire pretty much 24-7. A lot of conviction in this project from the community.
All the artwork, all the content, I mean, everybody's just working for their bags.
Nobody's getting paid.
It's been fun.
It's been an honor working with this community.
Yeah, the best part about all these spaces is I don't look at anyone before we actually talk.
So I kind of give my example of what I think Aircoin is.
And it kind of reminds me,
the logo kind of reminds me of the kind of the Fartcoin-ish style.
So I,
I don't know if there's any history there connection or anything like that, but kind of for this,
maybe if you could give me a little bit of background about yourself and then
utility bull,
you're always welcome to pop onto and talk and you can talk over him whenever
you want to,
but I'm really interested,
I guess,
to know your background,
your involvement with the team, how long you've been in the space, what got you in the space, things guess, to know your background, your involvement with the team,
how long you've been in the space, what got you in the space, things like that to start.
Sure. My name is Ron, CTO lead for Aircoin. I've been in this space since 2017. My first token was
Enigma on ETH. I don't know if you guys remember Crypto Joe from back in the day. He was on Twitter, shilling Enigma.
That ended up turning into its own chain on Cosmos called Secret Network.
So I spent a few years on and off just as a holder, kind of working in the community after being there for a long time.
And then I really got into meme coins i guess over covet in
2020 um that sounds about right and i found out pretty quickly that i really like to work for my
bags that's one of the great things about crypto um is you can get in there and contribute um it's
different than you know traditional investing um you can you can make a difference, right? So learned a lot over the years,
started messing around with CTOs a couple of years ago. And then, I mean, that's how you can
really work your bags, right? By taking control of a project. And have been super successful.
successful. Last year, myself and the CTO team that has moved over to Aircoin, we CTO'd Doge
on ETH at the end of last year, which ran from 100K to 525 million in about three and a half months.
Two and a half, three and a half months. That's the Department of Government Efficiency token.
So yeah, it's great. It's great. We're actually still running that project.
The narrative has changed a little bit.
ETH meme coins are weak at best.
I still have high hopes for that project.
We'll see what happens between Elon and Trump.
But we had this opportunity.
We took this opportunity when I saw Aircoin
to work on a project on Bonk.
And the Bonk ecosystem is a great place for CTOs.
The whole win and help win mantra is exactly what you want out of a platform when you're building a CTO.
So, I mean, if you look at our chart, it's kind of an ETH chart.
We've got a lot of ETH meme coin traders in our project.
But yeah, that's kind of my practice. Yeah, I can tell. And the nice thing,
you know, you can tell it's a good chart when you can draw a triangle. I'm pretty good at
drawing lines on charts. And I like looking at that. I'm like, damn, I can make a full-on
triangle with that thing. So in my head, triangles always break up. That doesn't always happen.
in my head triangles always break up now that doesn't always happen um but that's how i feel
about it so so it sounds like you've done this before with with doge and i know that one was
pretty big i haven't checked it for a long time like you said let's see what happens with trump
and elon right but um that's cool that you have the experience you brought a whole team over and
now you're rinse and repeating and doing it again basically yeah yeah we're bringing our talents to bonk um so this project air coin at the beginning
of august i think it was probably a bunch of far coin guys they dug up an old tweet from 2014 where
this guy cryptusias who only ever tweeted in 2014 made this tweet where he listed aircoin number one
farcoin number two artcoin number three and naturally like five or ten aircoin meme coins
like sprung up on pump bonk wherever else there's a bunch of them that you know there's a pvp they
all pumped a little bit they all got farmed down to zero. And then my pal Virus, Virus Schiller, reached out to me.
We've been in touch for a long time,
in and out of projects.
And he talked to me about the lore, this old tweet,
people were getting excited about it.
And we took the opportunity to get a little bit of the supply
and start working on the project.
And yeah, I mean, that's where things spawned from this lore, which I like, which is important
to the project because it brings like, it's got a little bit of degen factor in it with
the lore.
People love old school crypto lore.
So that's kind of the base of this whole project.
That's why you see
kind of like a similar uh logo to fart coin but ultimately like what really drew me to this
project was how ambiguous aircoin is and how easy how appealing it is when you think about the
biggest meme coins ever they're very lik likable by a wide range of people.
Most meme coins pick a lane.
Dogs, cats, you name it.
There's a million different things.
And the market is so saturated with every single thing you can think of, whether it's pop culture, you've got fads that come and go, you've got hippos that end up getting fat and ugly.
I mean, even Farcoin,
which is a tremendously successful project. Fart jokes just get old after a while. It doesn't
matter. I mean, you've got to keep finding new people that can handle posting fart jokes over
and over and over again. When I think about Aircoin, we've already ran a project of 500 million plus.
We're taking all of that knowledge and all of the contacts, all of the connections, and everything we learned from that project.
And we want to bring it here with another massive narrative that everybody can get behind.
So we have massive goals, massive goals.
And I'm really thankful to be on the spaces because when you know, when charts are down and every community is grinding, trying to get attention, it's actually hard to find places where other projects want to bring you on.
Because, you know, even though Bonk is very community driven and projects are working together, everybody wants their project to do, you know, to do better than the next one.
Because ultimately that's the goal.
But our goals are massive here.
We want to get listed on every major exchange.
That's something we never did with Doge.
We never got on Coinbase.
We never got on Binance.
That's what we want to do here.
We're very early stages.
This is community building growth stage, and we're just going all out with this.
building growth stage. Um, and, and we're just going all out with this. So it looks like you
guys, um, took it over about, well, I don't know when it launched. So I guess what's walk me through
like the, the take, was it pretty quick from when you took it over from when it launched on August
5th or did it take a few weeks or, or what? It was, it was, it was around my birthday. So towards
the, I don't know, third week in august and and i'm never in a rush
with these things i'm not interested in a pump um i'm not interested to flip my tokens um so you
know on solana things are different and you know i got a little pushback at the beginning like
things move fast on solana you got to move quicker it's like i plan on being here forever
like like i want to i want a forever meme coin. Like, uh, I think the
Doge meme coin is a forever meme coin. It's, you know, in his, and it'll be in the history
books as far as like the department of government efficiency, but I want to build, um, air coin
into something that anybody can buy on any platform. And I, and I think you need a narrative,
a big narrative like Aircoin.
There's nothing wrong.
You can't poke any holes in the narrative.
So basically, sorry to answer your question.
I don't even remember my question, so you're totally fine.
Yeah.
Go for it. We got some supply.
Virus, who has a pretty big Telegram channel, started making some calls. We got some people together. We got some supply. Virus, who has a pretty big Telegram channel, started making some calls.
We got some people together.
We got some whales in, and we pushed.
And we ran up to $4 million in a couple days from like $20K.
And a bunch of early sellers sold out, and the market's just kind of not been great since then.
But our chart has been consolidating between $1 million and $2 million for weeks.
I've been buying nonstop.
I haven't sold anything.
And it's just too cheap.
Like for the goals and the places we want to go with this,
we are just trying to accumulate and get as much of this air coin off the market as possible.
I'm not going to say how much I've spent,
but spent a lot of money between one and two million.
So we got to four million.
Things died off.
A bunch of people sold out of their coins
that they bought under 200K, right?
Made a nice big profit.
Wait, you put one or two million into air coin?
No, no. Between the one and two million market oh jesus christ i was gonna say like holy fuck that's that's like that's that's
some conviction right there i'm gonna buy a shit ton of air coin and hope you don't fsh it on me
because you don't that much you just you own the supply you are air coin we're gonna call your your
first name is air coin yeah yeah no no i i don't i don't roll that way on CTOs. I don't think it's a true CTO. If somebody goes
and buys 50% of the supply, then you're a bundled token, basically. And what you want is organic
growth, long-term organic growth. You want a narrative that other people can get behind.
And I really,
truly believe we have that just based on our small size right now and the activity levels
that we're seeing on X, like the rating, the content creation, everything else. We're just
very early and we haven't had a really big opportunity. This is our biggest opportunity
so far to get our message out on Aircoin. So we're doing all the things, all the bonk things.
You know, we have contact with the devs, like bonk devs,
like what do we need to do to put ourselves on the map?
You know, the whole help win, we made a deal with SSX.
I love that project.
Solana Stock Index.
So we are one of their top holdings i think we're their top
holding after useless um we're going to be um when multiplier launches this week i don't know
if it's this week or next but multipliers launching soon uh we're going to be available
on multiplier for people to win air coin um trying to think uh what other community building things
every every contest we enter you know
ssx will put a contest up like a meme contest or something we just smoke the competition
so we're doing all the things oh probably the biggest thing we did we were the first meme coin
to really put together a significant uh usd1 pool so i don't know, two weeks before USD one officially launched on bonk.fund platform,
the community got together and put together 2% of supply, 20 million tokens. And we opened a
community owned liquidity pool on radium with USD one. So, you know, we're doing all the things,
You know, we're doing all the things. We're doing all the Bonk things. We want to be supportive of USD1, the Bonk platform.
I don't like comparing ourselves to Farcoin, but there's obviously always going to be that comparison.
But we want to be what Farcoin is to pump for Bonk. We honestly believe in those sorts of numbers
and figures down the road because of
the mass appeal of just a very
general... Aircoin
is such a...
It's just
hard to not like...
It's very hard to not
like it. There's so much
you can do with it.
I think the lore is... I'm kind of with you just there's so much you can do with it yeah no and I think the lore is
I'm kind of with you like you hear there's so many different projects with different lore that
comes out and oftentimes I just buy it because I like the history or like maybe some speculation
behind what could be or what it what it is right so I have a few bags that I like
that I just own now and if something did play out that I know it's going to end up being
really good. Um, but you do have a strong community and I think, and I would have to
agree with you that it starts with community building first. Um, it's way better just to
get tons of people who have conviction. And you can tell that with your older group of people
that endlessly rate and comment and do stuff. Right. Um, now question for you you brought up the usd one thing uh and i just want your
opinion so in talking with others some feel like um we'll call them legacy coins even though it's
only been like what a month or two months that coins that aren't currently usd one um there
don't get as big of incentive for people to to purchase them or aren't being as supported as big as the new USD1 pool
coins. So if you could do it different, do you wish that Aircoin would be a USD1, seeing as how
there's a lot of push towards USD1 with Bonk? And I don't think that's necessarily with adding
liquidity. A lot of these rewards are specific to you launching a USD1 pair. Or do you think
it's going to come back full circle to where they're going to reward a lot of the legacy communities
that have been around in our building?
I can't speak for them.
I understand what they're doing.
They have a platform to run.
They have revenue to produce.
And honestly, the more revenue they produce,
the better it is for the whole ecosystem, right?
So, you know, they have bigger brains than I do.
They ran bonk to billions.
So I'll take their word for it.
But that being said, you know,
we've had a little bit of frustration.
Did I lose you?
Or did I lose myself?
Can you hear me? Yeah, you're lose myself can you hear me yeah you know 99 of the time it's me who gets lost not the other person so i was thinking damn i disconnected anyway continue go ahead
so yeah we had a little little frustration because we're not we are a legacy token but
we're still very new um and we aren't new enough to just have a USD one pair and get that new like World
Liberty Financial Charles attention, you know. So we are like shoving our liquidity pool that
our community owned liquidity pool down their throats whenever they post about USD one.
And even today, I should mention this real quick. Anybody that has a coin pfp in this spaces i'm going to give away 50 bucks
with the usd one to five different people um that's something that we've been talking about
telegram for a while so sorry i meant to mention that first but anybody in here that is that has
a air coin pfp hero or somebody if you could like i hate to put you to work on your own spaces but i need somebody
else to pick these uh air coin pfps because if i pick them it's like it's bad um yeah i can pick
someone i'm just gonna scroll down should i close my eyes and do it and i'm gonna guess it's an air
coin one i'm sorry should i pick it right how much should i pick just pick five and if you if you if
you could pick five and just DM them to me,
and then I can reach out to them.
Is that possible?
Or we could do it towards the end of the spaces.
I want people to stick around.
So I'm sorry I got sidetracked,
but because we're like a tweener token,
where we're not super old we're not getting
like um the attention that a token that went through the like big summer doldrums where
where everything where everything dipped hard and we're not going to the attention of the new usd1
tokens it doesn't really matter for us long term down the road i don't i don't want i don't think
this token will be um um it will be it'll be on bonk it'll be great for bonk but i don't think this token will be on Bonk.
It'll be great for Bonk, but I don't think it's going to be like, oh, they did well because they're on Bonk.
I think we're going to hold our own weight.
That's the point.
Eventually, Bonk is going to be supporting us because we're going to be a huge asset that came off the platform.
So, yeah, I mean, everybody's vying for the attention.
Everybody wants Tom to buy their token with his public wallet.
It's like, it's kind of like a catch-22 with what they're doing,
where it's like, if they don't give you the attention when you're a small token,
then it's like, you're kind of the redhead stepchild.
No offense to redheads.
But, like, we're,'re you know we plan on going beyond
that it would be great i think everybody should buy this token i think everybody should buy have
10 000 air coin at least which costs nothing and they should tell everybody they know about air
coin because it's so easy to get people on board it's just air coin it's a meme coin does absolutely
nothing it's just air coin and it's like it's so so absurd and so easy to like anybody can get behind it it's as easy as to to just as dogecoin dogecoin
it's just a dog token with funny memes like that's it that's why dogecoin did so well because
it's so simple and so universally accepted everybody loves dogs right um so anyways, um, rambling on here, but, um, I gotcha.
Um, I just want to pop in. Um, this is Molly, but like, don't forget in, in Chinese, I think
air coin means like useless. Yeah. Uh, yeah. The translation for air coin in Chinese is like
vaporware, like useless tokens, shit coins. Yeah. So we had that too um and um we were getting a lot of people
in our telegram chinese uh in our telegram when are you gonna set up a chinese telegram um but
um yeah i totally forgot about that molly thank you it's in my notes glossed over that um but
yeah no i i like it and it sounds like i think that if if i was just so again not looking
at anything before talking um if if i was listening to the space and hearing that it's a cto team that
took doge to 500 million and on quite a bit exchanges and just is going to use that same
playbook with aircoin um and obviously despite how bad things kind of look across the board right now i mean
there's different kinds of bad right there's like bad and then there's like oh it just price went
down and now it's retesting lows before it goes higher i think right now on bonk and actually
majors and everything else it's just kind of retesting lows and then it's gonna pop up later
when i don't know like october maybe um november maybe december maybe i i have no idea
but to your point it's it's all about building a strong community and then when you have that
and have enough people that believe in what you believe in and what's going to happen
and in the bonk ecosystem and everything else all together that's when um number go up right so
you guys actually do have a really good looking chart right now even
though um it's kind of just boring at the moment i think yeah yeah i mean volumes down volumes down
everywhere and we know we're totally organic we're not running a volume box or anything like that so
you know it's it's a little different than than a lot of people would run a Solana CTO, but this is a long-term game for us.
I'm not looking for a pump.
When we're at $10 or $15 million, that's just the time to start getting exchanges, not time to sell anything.
We want it all.
We're going for it all, and we think we have the narrative to support it.
We definitely have the community.
It's been a lot of
fun. Yeah. So how big is your CTO team? So do you have like someone running, like, I guess,
how many are there? Is there two of you, three of you? And what are your rules and what do you do?
There's probably five of us. We've got the guy who does our website and a lot of our memes. His name is Dime. He's
an amazing website builder. Our Doge website is insane. As we grow, he'll continue to upgrade
the Aircoin website. Molly, what's your title? I don't know. Whatever needs to get done.
Molly, what's your title?
I don't know.
Whatever needs to get done.
Yeah, she's our mother head admin.
She moderates all her spaces.
We do spaces five days a week.
We do VCs and telegrams seven days a week.
We have Nineveh, who's our whale wrangler.
He handles all of the ongoings and monitors the whale chat.
monitors the whale chat.
We have a whale chat.
we have, I don't know, like 20 mods
that are mostly community
members that aren't part of the CCO that
just work for their, that are just working for
their bags in Telegram.
Am I missing anybody, Molly?
It's probably four of us.
Four of us from the early days of Doge.
We have a lot of volunteer mods and stuff too um and then just to jump in virus finally created a
new account he'd love to speak um hopefully he can raise his raise his hand but he's mentioned
in the group just now that he'd love to come on and speak about about aircoin which one's virus
about about aircoin which one's virus he is let me see just posted it thank you for letting us be
on today by the way this is awesome yeah no problem um he is virus sendsky virus sendsky
okay virus you should request because i can't see. Well, I'm kind of retarded. So let me search guess. Virus? Oh, yeah, I see him. Okay. Send speaker.
I have a quick announcement to make, but EP, do you want to go?
Yes, of course. Can you guys hear me okay yes yeah hey hero thanks
for having us man um so just a quick thing little history on me uh 10 years in the game first
ethereum i bought was 33 uh and i've been wrecked a ton and made a ton in that time
but uh i only say that because it's kind of significant. I mean, this coin kind of brought me
back to the game. I was just, the trenches got boring and scammy and I was just kind of fed up
with it. So I went on to do other things. I have businesses in real life and I don't need to be
here is the point. You know what? Ron doesn't either and Molly doesn't either and all the
people on the team really don't need to be here. We've made money in real life. I think that's
really significant because most of these devs today are just looking for a pump because rent's due in a couple of days and that's all that
matters to them. And we were laughing about it in Telegram the other day. Like we're not even
looking at the chart. The chart is irrelevant. We know what we're building. Whales keep scooping.
People keep adding. Our holder count is so solid. We have, there's people from even the previous
project, the Doge, the CTO, that have multiple six-figure bags
in that and they round-tripped it and they haven't sold.
The people in this project don't need money.
You don't find that.
Mostly it's usually scammy devs that are just looking for the pump and the exit.
There's no bundles.
The holder count is growing.
The wallets, the distribution is fantastic. There's no bundles the holder count is is growing the the wallets the i mean the distribution
is fantastic there's no bundles there's no team tokens no kols are getting a big supply to dump
i mean there's there's literally no red flags we joke about it all the time there's so many red
flags in all these new pairs and there are no red flags in this project so when i found this i should
say it found me i'm like yeah i'm going to be back in this because I want to do just what Ron and the team
wants to do want to be on every major exchange I'll put it out there we will
be on every major exchange this will be a multiple ten-figure project and this
is gonna go on forever and ever and ever it will be on coinbase it'll be on
Binance and it'll be it'll be everywhere and it'll go forever and
that's what I want to be a part of. I don't care about a 20 or
30 or 40 X. I don't care. It's not about that. I got a wallet for my wife. I got a wallet for my
two young kids. I got wallet for my family members and they're just going to own it forever.
And it's going to go on until the end of time. And that's why I'm in away from stuff in real life,
business opportunities, time with the family, because I want to be part of something this early and so awesome and basically flawless.
And I just want to have a blast and take it to, you know, infinity.
So that's that's my my spiel.
You you make me want to get an air to air coin tattoo on my lower back, dude.
Yeah, I already got one. But you know what? You can't get it. You can't get tattoos until you're at least 18 and I think you're said you're 14 my my mom
would be so pissed off at me yeah I don't think she'd let me um anyway no I
appreciate you guys I got to give some time up to migrate fun but anything else
from air coin I invited virus up I don't think he's coming up but he can come up
at the very end last five minutes or so. Yeah, again, like I said, you've done this before.
It's exciting.
Go ahead.
Yeah, thank you so much for having us on.
As everybody in Telegram knows, I've been buying nonstop for weeks, like $40, $50 buys,
just nonstop, hundreds and hundreds of them.
And just to show my appreciation to the community and all the hard work
they're putting in and also like um you know just to re kind of rehash or uh recon like show my level
of commitment i'm going to donate uh 10 million tokens to the community treasury. So it's about 15,000 value right now. And that will
be used the same way that the community owned liquidity pool will be used for the future of
the project, exchange listings, major partnerships. So that's really going to juice up our treasury.
Well, that's epic, man. That's so cool. And I will match you with, no, I'm just kidding. I don't
have to. But I think Molly says she will match you with, no, I'm just kidding, I don't have to.
But I think Molly said she will match you with 15 million tokens as well.
Well, Eric Point, I appreciate you guys.
Thank you so much, Eric.
Yeah.
All right, Adam or Jake.
So we'll move on to migrate.fond, and then we'll open up, if we have time, last five,
on and then we'll open up if we have time last five ten minutes to anyone else so again i had
ten minutes to anyone else.
a chance to meet migrate um i guess last week or so and i've been really excited for quote unquote
the great migration that started on thursday but i'm not going to talk about i'm not good at um
explaining their tech or what they do i'll let them talk through it so adam or jake do you want to take over and just do your spiel yeah adam you want to give the sure tldr sure well i'm
basically we had a uh and still have an ai project called agent hustle uh which we launched
basically last december during the ai hype and it was kind of screwed up. We did it on pump. The tokenomics, we didn't
have any of the token. It was a bad ticker. The ticker was already taken by a bigger project.
And so there are a lot of problems. And our company, if you guys don't know, Emblem Vault,
which is our parent company, has been moving assets since like 2016. We're the biggest NFT bridge. We have over
$150 million in total value locked on our NFT bridge. So we have moved and move assets all
over blockchains. And at some point we were like, man, we really need to migrate this token.
And so we started, I don't know, maybe in April, May,
building out this infrastructure to move our own token. And we migrated it at the start of July.
And when we did it, we got a lot of traction on the timeline from other teams who were like,
man, we want to do this too. And so what we did is we just basically started getting
our contracts audited and doing all this sort of stuff to basically build a platform where projects
can migrate tokens. We were thinking that, oh, well, most projects will want to move to Radium
to control the fees and own the LP. But what we've actually found is most people want to move to Bonk. Most people want the social support and the community that Bonk provides. And so we opened
it up. We started last week, our first cohort of 14 projects that are migrating and all sorts of
different projects, everything from meme coins to AI projects. And so far it's been super
successful. I mean, we have, I don't know, Jake would correct me, but it's like six or seven
projects that already have over 50% of their token supply migrated. And it just creates what we've
done basically is built a trustless way where you don't have to trust the team.
Um, you can trust the smart contracts to basically migrate projects.
You can trust the smart contracts to basically migrate projects,
Um, you know, take the money out, take the soul out of the old LP and move it into a
new LP on Bonk.
And so we have active projects migrating now.
Uh, they'll, they'll finish up on October 2nd, second, our first kind of group.
Um, but other teams that have longer, uh, migrations up to like 30 days.
Uh, but basically we've built that platform and, uh, we got like 30 days. But basically we built that platform.
And we got a lot of pushback at the very beginning.
You know, you can't migrate.
This is wrong.
You shouldn't be able to move tokens.
But we completely disagree.
We realize that people want to be able to move around
and communities want to be able to move around
two different ecosystems.
And obviously Bonk is a super, super solid ecosystem and people
love the community that's being built there. And so that's where we're at right now. Um,
we're just kind of mid migration for a bunch of these projects. Uh, I tweeted this morning about,
you know, these after it kind of became accepted, Oh, migrations are cool. All these projects are
like, we're migrating too. And it's like, just send us your tokens and then we'll migrate. And of course, like in the last three days, there've been a bunch of rugs.
So I think what we're providing is just this trustless platform where teams who are serious
about doing it, we've put in a bunch of kind of security features that basically don't let teams
rug, you know, that the tokens are basically locked up for 90 days.
All these kind of things we could talk about.
But just to create a kind of safe level playing field for people who want to move to a different ecosystem.
Yeah, and I'm really excited about this. So I'm looking through the list and I'm not going to say all the names because that's a lot to read.
But Bongo, Project 89, Radar, Trade, Mock, Kitty, Mimis AI.
Is it Mimis or memes?
I don't know.
Yeah, Mimis AI.
Is it data or data?
I don't know.
But anyway, so for me specifically, like I said, I have like 2% of Bongo.
And I've had it for a while, right?
And seeing Bongo being able to be migrated makes me
pretty bullish on it right and i see like a lot of opportunities for these other people
that are also migrating uh i know project 89 bonk i's talked about quite a bit and i think
bonk guys some of he's like the biggest holder of bongo and and a decent-sized holder of project 89
and he specifically talks about bonk coins now, right?
So you just think, oh, he's probably going to be able to talk about these more now that
they're on Bonk specifically.
So I think it's a pretty cool decision of these teams to have a platform like Migrate.fund
that also is trustful, right?
Because you don't want to connect your wallet to someone you don't trust and you don't want
to send your tokens to teams
that you're not sure
if they're really going to follow through with it.
So I love what you have built
and I haven't migrated my tokens yet
because I'm kind of waiting in the-
Bro, hurry up, bro.
TikTok, TikTok, man.
You can't wait, bro.
October 9th, right?
So I just, now what I'm, I'm curious, I guess.
What, so I, there's a lot of wells, right?
Or just people that don't pay attention to certain wallets that have these tokens.
If, do you think you're going to get a lot of backlash when that?
I mean, we've, we've, and this is part of our kind of onboarding process.
You know, we've talked to, I don't know, close to 150 teams now about this.
The main thing is messaging, getting out the
message early and often. And I've, you know, we also recommend I actually put out a post the other
day to help people basically craft direct messages to people. I think it's important every team
that has, you know, a lead account, you know, whether it's a Bongo account or whatever,
and they have DMs from 500 people, you damn well DM every single person you've ever got a DM from, right? And let them know it's
migrating. That said, if people miss the migration or miss the migration window, we've built various
tools around snapshot and claims where teams can allow people to migrate after them, you know, allow to claim
tokens after the migration at varying degrees of kind of like either haircut or tack. Some have
set it to 0%, you know, where there's this 90 day window after the migration where people can still
go and still claim the new tokens. Some have done it at 0%. You know, most teams are doing it at like
25% to try and encourage people to actually migrate.
Because just to explain one technical detail, all those migrated tokens, our smart contracts
basically take those and sell them into the old LP.
That's the way we extract or unlock the LP from the old pool and use that soul to fund
the new LP.
So it's critical that teams get the maximum number
or the maximum percentage of participation in migration.
But there are built-in systems where teams can, you know,
take care of people who didn't migrate, if that makes sense.
Yeah, no, that's really smart and cool.
So I do plan on migrating before the ninth.
It actually looks like you have a really good
migration rate looking at the percentages of some of these um that have come over so far which is good uh but and i'm guessing it gives them a fresh brand new chart right so like i just bring up bongo
it's the number one on your list there's chonky there's lots of others too fresh new chart to
start and and keep building right what from doing this with Hustle before,
and obviously things change, it's a different,
like Hustle, did Hustle move to Bonk
or was it something else that you moved from?
You moved from Sol to...
Yeah, so when we initially launched Migrate Fund,
we migrated, it was called Tensorium to Hustle
to its own Radium CPMM pool. So this was
actually before we were even in contact with the Bonk Fund team who had reached out like a week or
two after when demand started increasing. So to kind of piggyback on, I guess, the reasons why
people would migrate, there's really four common kind of issues that are presented to us when we
talk with these teams.
And we talk with every team individually.
It's a very similar process to purchasing a home.
It kind of feels like we're real estate agents at times, really, because this is going to
be the most important decision a team is going to make probably in their on-chain career
of moving to a new ecosystem.
ecosystem. But the four main things are LP rewards, right? The majority of projects that
But the four main things are LP rewards.
are moving to Bunk Fund are coming from the OG Pump Fund contract where they have no
accessibility to LP rewards. So those LP rewards are just locked and funneled back into the LP pool.
This was one of the main reasons for us migrating. The second reason is a lack of token treasury.
So also this was our case where we had launched Tensorium on pump kind of as like an experiment.
And then the trenches took that and really ran with it.
So we wanted to continue building with the demand.
But the thing was that because it was an experiment, we didn't really buy any of the tokens off the market.
So this token was at $20 million.
Market capping, we had like 4% of the total supply, which obviously, if you're a long-term project, is not enough to fund operations perpetually.
And then the other two, I think, are actually somewhat underappreciated aspects, but are being utilized in this migration group.
One of them is a rebranding.
So we had rebranded from TensorFlow to Hustle.
There's also a handful of other projects that are rebranding on BankFun,
like HyperTrade was formerly Stoic,
and the Radar team was formerly Tilt.wtf.
So this is a really cool opportunity.
And the fourth one is exactly what you had mentioned, Hira,
which is the fresh chart.
I think that one's actually underappreciated a lot
because what happens is we know in crypto,
the new shiny flashy thing is generally what gets a lot of
the majority of the volatility and speculation.
So when you go to migrate,
you're deploying a fresh new contract.
And so those people who aren't,
those traders or bots who are
just looking at on-chain metrics and numbers
and aren't really looking at the social aspect of things,
to them it appears to be a brand new project, right?
So it gets a lot of that attention initially,
but really you're migrating over tokens
and a whole other community as well.
So those are kind of really the four main reasons. As Adam expressed, we've really legitimately
talked to 150 different teams and every situation is really different. Some of the projects are CTO
projects. In Project 89's case, it was a token that was launched on behalf of Project 89.
Somebody was using their IP during the AI hype and basically just stuck them with this token.
Some of these teams had done pre-sales, and there's all kinds of other ancillary things that come with these migrations.
So this is why we try to build as many tools as possible to try to help users in all of these different needs, especially with exchanges that are involved, which is something that we're helping some of these teams overcome.
But it is really exciting.
We have 11 teams in this cohort who are migrating to Bonk.
There's a bunch of other teams who decided to sit out the first group because they wanted to see the platform
in action. And so the first few migrations will end this Thursday and they will be on Bonk. And
so it's been a really cool kind of experience. And actually, I think just through this last few
months of us talking with all these different teams, you're starting to see a little bit of
where Bonk Fund's ecosystem
is headed, where we have actually a lot of teams moving into the ICM category of Bonk. So a lot of
AI teams who are moving from Pump over to Bonk because they feel like the ICM market is much
more suitable for them, whereas like Pump is kind of focused a little bit more on creators.
And there's also memes that are moving over as well. And then a handful of
projects who are kind of waiting on the sidelines. So we built this product because there was a lot
of teams in need of this. And the demand has definitely exploded to where we're even seeing
other projects announce kind of their own migration tools. And so we're going to kind of see all this play out.
But really, the thing that we have innovated of
is the ability to migrate locked liquidity
from an LP to a new ecosystem.
Yeah, it sounds so big brain to me.
It makes so much sense though, right?
You get the tokens, then you can unlock that,
the LP from the previous one and then use that to fund the
new lp and the new one so yeah i think it's it's great all around i'm excited to see what the next
batch of tokens you have i'm guessing that you guys are pretty busy in the dms and have quite
a bit of people that are interested in migrating and coming over and as bonk picks back up again
likely in october because that's that's just my own thing,
you'll probably get even more and more people.
And if you look at the hustle chart, so I'm just going to go ahead and say that every chart that's going to migrate
will look like the hustle chart that just went up in a straight line after the first week of migrating.
So, for example, Bongo and Chunky, they end on the 9th-ish, 9th and 10th.
Does that mean the new chart starts on that day
at that specific time?
Or is there a period after that
before they start launching again?
And some of these come over Thursday.
Yeah, correct.
The LP will launch right after the migration ends.
So kind of the process here,
which is something that we'd created,
is that once the migration period ends,
the teams that set up the migration
will return to our team dashboard
and they'll initiate a set of transactions.
This is related to taking a snapshot
for the late migrators,
doing the final swap,
setting the market cap of the new token,
deploying the new LP, and then opening up claims for everybody.
And we put it in this set of transactions in this series
to kind of navigate potential bad behavior
that could be undergone.
One of them being that the claims doesn't open
until after the LP is deployed because we didn't want users to take the tokens and then go set up their own LP pool and basically determine what the price of the market cap is.
So we put it in that process and yeah, we're really kind of excited for it.
kind of excited for. It's really simple. It takes literally 10 seconds to do.
It's really simple.
It takes literally 10 seconds to do.
And once the LP is deployed and the tokens
or the claim period is open, then the users can come
and claim their tokens. It's a 90-day window. And those users
who had migrated on time will migrate and get a claim at one-to-one
ratio. And then the late migrators will also come and claim,
but it may be at a discounted ratio,
maybe like 75% of your total rewards. And the reason why that's put in place is kind of the
game theory around migrations themselves. Maybe this is even somewhat of the controversial aspect
of it, is that if users know that they don't have to migrate and they'll get a one-to-one
redemption no matter what, then no one's going to migrate, which therefore means that you're
not going to be able to recover liquidity from the old LP to seed the new one.
So if you do a little bit of a haircut and you say, hey, if you miss the migration window,
you're going to take a 25% haircut.
This incentivizes people to migrate their tokens
because what's the best incentive is generally fear.
Fear of losing money over rewards.
Although there are teams who are doing rewards as well.
So it worked really well for us
and I think it's going to work really well
for the majority of teams.
And then after that, the teams are in the Bonk Fun ecosystem
and the Bonk fun team will
take care of them with all of the offerings that they that they serve i think harrow i think one
of the things like you were getting kind of pointing to but we definitely saw with hustle
and i think a lot of teams are seeing this too is obviously as people migrate their tokens it's one
way right there's no backseas So the amount of people who are potentially selling
gets smaller and smaller as the migration window closes. So you almost always do get that kind of
pump up. And obviously after ours, we not only, I think we went from somewhere,
600,000 to maybe 2.5 million when the migration was over. And then afterwards,
just a lot of awareness, right? And obviously we had a huge jump. We ran to like 40 million to maybe 2.5 million when the migration was over. And then afterwards,
there's just a lot of awareness, right?
And obviously we had a huge jump.
We ran to like 40 million after our migration.
Not to say that's going to happen again,
but like that sort of thing can happen because even at the other side,
yes, the LP's live, trading's live,
but then people got to go claim and stuff.
So there are maybe a kind of a lack of sellers,
if you know, on the other side.
So you can get some run up there as well.
Yeah, that's what,
so I'm coming to you guys for my own financial advice
of what to do for some of these tokens
and actually anyone listening,
which you can't give,
but you can maybe hear
or say some of your experience from the hustle one.
So in my mind, for me personally, I'm waiting to migrate my bongo,
because like you said, there's less and less sellers, the more and more people migrate.
So are you going to potentially have buyers pre-migration? I'm not sure, right? So I was
going to wait till the very end and just see what happens. And obviously not miss the window.
and just see what happens and obviously not, not miss the window. Um,
but on that first point, um, do you,
you obviously can't predict what's going to happen,
but do you feel like demand outweighs the supply that's on the market on those
legacy tokens that are going to go to the goblin town before they migrate or
what?
Yeah. You know, you know, it's interesting because,
so when we migrated
Tensorium, the token
was, when we started the migration, it was at 800k.
And then when it ended,
it was at 2.5 million.
And it was exactly like what Adam said, where
it's one way. So as users are
migrating and locking these tokens in the vault,
people are coming to buy the token
to migrate. So it has this
upward pressure.
Right now, the market's down.
So we've seen a lot more consolidation.
But there is one project, or a few of them, who have the highest migration turnout.
But if you look at those charts, they tend to have upwards movements.
And there's now actually a community around Migrate Fund of people buying tokens and speculating
on kind of the long-term value of them as they migrate.
Because the majority of these projects that are migrating are kind of at the low point,
right?
They need revenue of some sort or they need to make a change.
And we like to say migrations are bullish because it shows that the team is unwilling
to give up.
They are demonstrating a long-term amount of grit and that they need to make a change.
And when you do this migration, you're activating the community, right?
It's all the diehard supporters, the whales, and then obviously now outside speculators who are looking at the long-term value of these projects.
And so you're basically coming in and buying it at the low point.
And when something migrates themselves,
or at the conclusion of a migration,
the team is setting the market cap. So for example, let's say we migrate a token,
and when the migration's over, it's at a $5 million market cap
of the old token.
We then take the tokens and sell it.
And so then when you see the new LP,
the team is determining the market cap of it.
And generally it's put,
we recommend to do the new token
slightly below the market cap of the old token.
So if the market cap was 5 million
when the migration ended,
the new token, you'd want
to probably put it like 4.8, 4.7 million.
It really is at the end, it's really up to the teams to determine it.
But when you set the market cap slightly lower, you're going to add buy pressure to it and
also prevent some of the users from selling.
Because we've had conversations with teams where they're like, oh, can I set the market cap at 50 million?
And we're like, yeah, you can,
but then you're going to basically create
artificial games for everyone
and it's just going to be massively dumped.
Maybe I'll tell Rager, I'll say,
hey, set it at 50 million,
but only let me know.
Bro, we've had to talk devs out of this bad strategy, bro.
It's like, it's incredible.
But that makes perfect sense, right? It's like, it's incredible, but that makes perfect
sense. Right. It's like, cause so to that, to your point, like bongo is at almost 6 million now.
Right. And if I saw it migrate to 4.8, I'd be like, fuck this. I'm not selling here. And then
I just keep on holding. I think the one thing to, and this is with lots of conversation,
this is with lots of conversation. Of course, you're going to, I mean, I'm sure when we open
of course you're going to, I mean, I'm sure when we open this to the public,
this to the public, um, we'll get some, some, you know, scammers in here and stuff. But I think
generally the general vibe is talking to all these teams is, you know, if somebody is looking to
migrate, they're looking to actually stick with their project. Right. And so I think it's in a
lot of ways, um, obviously you see with like project 89 and a couple of these other teams
where these are just like hardcore people who are really like trying to do real stuff um and so i think that that's been my
overriding you know sensation talking to these teams is that you know a lot like you know the
air coin guys here it's like they're passionate about what they're doing they're long-term playing long-term games and the migration to to bonk fun
is the strategy for them to you know first kind of create an awareness event like oh wow these guys
are still at it's still going right revitalize the coin and on the other side of the migration
what i've told them and this is totally true you basically have a stronger core of believers in your project on the other side, because
there are bots and a whole bunch of holders who kind of, you know, left months ago.
And on the other side, those people are gone.
And so you just have this like really solid core on the other side of migration, which
is a nice kind of side effect.
Awesome.
Well, no, super excited to see how you do i i even like envision like oh
it'd be fun to go to next to some of these tokens and bet to say like it's going to be higher or
lower after migration i think that's probably easily to game though if someone really wanted
to but like i would probably place bets on on that because i like to gamble so i'd probably bet on that
kind of shit but anyway love to see where you go. Any last things? Whenever anyone asks me, I refer them directly to the main migrate
fun account. So I don't know if there's something better to tell people. That's the way to follow
it. I would just say like for our hustle token, just so anybody who doesn't know,
our AI agent, which I encourage people to use, it's agenthustle.ai. He'll help you find runners and stuff. He's really quite amazing.
But his token, the Hustle token, is for not only Agent Hustle, but also for Migrate Fund. And so
the fees which we earn during the migrations, we're going to be using a portion of those to
buy back the Hustle token. So on the migrations themselves, this is public information.
We take 3.75% of the total LP recover.
And so a percentage of that is used to buy hustle tokens.
So just keep that on your, uh, on your radar.
You know, the higher starts with the letter H and hustle starts with the letter H.
So technically me higher, um, no higher.
I got, so one final thing just from my side is, sorry to cut you off.
If anyone is interested in migrating their token, yeah, please just use the Migrate Fund DMs.
That's the most effective way to get in communication.
It also helps us kind of organize it.
We already have somewhere between five to ten teams who are already inquiring about a second migration group,
which I think we're going to target towards the end of October.
The one thing we've noticed is we wanted to make the website public,
so anyone could kind of just come and set up their own migration permissionlessly.
But the group dynamic has really offered a new aspect to it.
With the 14 teams that are migrating,
they're all kind of in a group together
and we see them kind of cross-collaborating
with products and sharing communities and speculators.
So we are kind of fostering the community there.
So we are adding all of the Bonk Fund migration teams
in a chat so that they can continue
to kind of work together.
So if you are interested, please just shoot Adam or myself a DM
or you can shoot the Migrate Fund account. We'll happily
talk with you about the options. Some of these conversations
we've had with teams are literally multi-months. So
yeah, please feel free. Also something to look out for next month
is that we'll be migrating or rolling out our Migrate Fund SDK
with Mobi, AI and Mobi Screener. They had announced migration
with us last month and they decided
we want to do something special working with them and their gigantic team
on Solana who's going to be migrating to Blanc. So look forward to something
from them possibly towards the end of next month.
We'll be launching a new product line
for Migrate Fund with them,
as well as I think they have something
very special to offer.
Dude, I wish you guys the most success.
That sounds, I'm very jealous
that I'm not on your team
because it sounds like a fun team to be a part of.
That's awesome, man.
Good job.
Well, I usually turn it up to open mic but i'm not going to
on this one i see small one requested and i'll just go ahead and say that i think small one is
my favorite usd one pair on bonk so that's going to be my shill for for small one i just like that
you can make a pfp of any little shit and it's just a small little guy so i'm not going to change
my pfp to a small one but out of all the usd one pairs um that unicorn sheepdog thing that i bought 25 solo totally
fell to zero um small one hasn't fell to zero yet so i'm very appreciative
and um other than that air coin i'm gonna let you any last words before before you guys pop off
words before you guys pop off. Oh, thanks. Appreciate that. Any last words? I'd say put
Aircoin to the test if you're interested. Talk to people that you know are not in crypto and
ask them about meme coins. Ask them to compare some of the meme coins
you're holding and air coin and ask them which meme coin they would choose um air coin is just
so universally likable um the narrative and um if we all just buy if everybody here just buys
a hundred dollars worth of air coin and everybody here tells everybody they know about air coin
we'll get this thing going
So thanks for the last words. I'm down to buy a hundred dollars worth of air coin I like to buy stuff and just forget about it. I feel like those are my best
Best trades especially when it's not with a ton of money
so you just kind of literally forget about it and maybe open up a wallet and see if you had the right coin or not, but
Yeah, yeah at this market cap, it um i mean i i'm still buying so uh the the r and r here
is i'm gonna go back and say that you're buying one to two million worth i know you you said
between one to two million but we're gonna go back to saying the one to two million because then that
that that was making me think a little different but no i, I love you. You guys have a genuinely, you have a great looking chart.
You've done this before with Doge to 500 million.
Like you got a good team.
And I was excited to talk to you guys.
So I don't like to shield my own tokens on here, so I'm not.
But I did want to support small one
because they were coming up to speak.
But if you ever have questions about what I'm in,
maybe I'll talk about them on another time when we kick it.
Thanks so much, guys. Bye.
Thanks, guys.
