Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
#LUNCLIVE Featuring @WhiteWhaleDefi $LUNC
Recorded: Sept. 13, 2023 Duration: 1:06:18Space Recording
Full Transcription
Good morning, good morning, good morning, everybody.
I'm your host, Mr. Diamond Hands.
Lunk Live starts now.
Actually, not just good morning, good afternoon to all our people across the water over in Europe and Asia.
Oh, man.
Good night, wherever you are.
Syncom, are you there, my man?
I'm here.
How are you doing, Mr. Diamond Hands?
I'm doing fantastic, man.
I've got my coffee here.
I'm on the live with you fine people.
Whitewell DeFi is in the house today.
And we're talking about a lot of exciting things that you guys have been cooking in the kitchen for the past couple of weeks.
And now you guys are live and bringing it to the TerraClassic blockchain.
So I'm very excited, guys, to have you back.
I know you all have been featured a lot here with the Lunk community.
But you know what?
When you've got good products and you're actually making things happen, people get excited and they want to hear more of you.
So I'm glad to have you back on board again.
So let's deep dive right into it, man.
I know you guys have been creating some good things.
You've created your alliance on the Luna 2 side.
And now you are trying to bring some things back to the Lunk side.
So let's go ahead and tell our audience what you guys, for those who don't know what we're talking about, let's do a kind of a recap here and just tell people who you are real quickly, who is Whitewell DeFi, and what are you bringing to the Luna Classic blockchain?
Yes, thanks for the kind introduction.
I'm happy to dive right into it.
So here on stage we have the Whitewell main account.
They're hiding behind us.
This one we have Ponzi Ninja.
So hi, Ponzi Ninja.
Hope you're doing well.
I'm good.
Hello, guys.
Well, hello.
Oh, what?
And we have me, Senkom.
And what is Whitewell?
So a little bit of history.
Maybe you guys remember.
Those of you who've been around long enough, they remember Whitewell originally came from the Terra Classic blockchain.
And our mission was to democratize and decentralize the, you know, the UST pack, keeping of the pack.
Now, obviously, that didn't work out.
You know, at the end of the day, we had maybe $40 million peak TVL trying to defend, you know, almost $40 billion.
So that didn't work out.
But we still, we went in, did our best until the very last block was minted.
But then, you know, when things started to get shut down, you know, a lot of money was lost.
You know, we lost our treasury.
Lots of people, lots of teams disappeared.
But we decided, all right, guys, this can't be the end, you know, just because, you know, one attempt at building decentralized money for, you know, a decentralized economy failed doesn't mean the whole, you know, the whole idea is fault or, you know, false.
So we started to look outwards and, you know, tried thinking, what is there that we can do to, you know, always keeping, you know, this decentralized and transparency and, you know, the vision of crypto true to the heart.
What is there that we can do now, now that, you know, Lunar Classic exploded and the UST, there's no, you know, we can't defend the pack anymore.
So we saw this, you know, inter-chain vision of having a lot of different blockchains and we decided to reinvent ourselves.
So the crash happened in May, I think May 15, 2022.
So that's a little bit over a year now, almost, you know, year and a quarter.
And since then, we've been building our validation infrastructure.
So White Whale validates almost a dozen chains, secures eight figures in assets.
We've been open sourcing our arbitrage bots and MEV solutions.
So now we have a very vibrant community of bot builders, you know, that together with us stabilize prices across, you know, the whole cosmos.
We have, you know, built a new protocol.
You know, we have now what we call, you know, a cross-chain DeFi application.
It contains DEX and flash loans.
And this application is now live on Mainnet on, I think, eight different chains and counting.
We also have our own blockchain called Migali.
It's a permissionless layer one blockchain.
And the idea here is to be the home of the cross-chain and inter-chain protocols.
And we did this quite successfully, you know, we've been able to attract a lot of talent from, you know, all across the board, you know, all across the board from Juno, from Chihuahua, from Terra, you know, from Terra Classic.
A lot of people started to see, hey, let's not just build, you know, one single app.
Let's build awesome cross-chain apps because you have more community, you have more activity, more liquidity.
And, you know, one of those teams is also here in the space, Backbone Labs.
And one of the last things I want to mention here is that we're also very working closely together with Terra 2.
You know, they have been pushing forward the alliance, which allows you to cross, you know, to go into economic partnerships with different chains.
So, very exciting, exciting technology.
And obviously, you know, true to our history, we decided to also come back to Luna Classic, build our application there and support the network.
Because I think Luna Classic is in a unique position where, you know, it hit parity a couple of months ago.
So, it got huge community, it got, you know, a gigantic amount of idle capital that is just waiting to be unlocked, to be used in economic systems.
And we're very happy to, you know, make the first step and try, you know, try helping the Luna Classic community in rebuilding, you know, their castle.
So, I love it.
And that's exactly what we've been trying to do for, like you said, a little bit over a year and a quarter now.
And it's been a very difficult road.
I mean, we're not going to sugarcoat it for anybody here listening.
And, you know, you have to understand, and we talked about it a couple of times before in previous Twitter spaces, that, you know, I know people kind of get discouraged.
And that's not just in Terra Classic.
That's across every blockchain right now.
That's across the entire crypto market.
People are, you know, they're sick and tired of the bear market.
We've been in it now since 2021, November, around that time.
And here we are now going into fall and winter again of 2023.
And, you know, with really no signs of it stopping.
And this is something that we talked about in numerous spaces, that it's just part of the seasons, guys.
You know, you have to understand that when it comes to crypto, you're going to have times of down.
You're going to have times of up.
You're going to have your bull markets, your bear markets.
And everybody wants a bull market.
I understand.
But during this time, you have to capitalize for the time that's given.
And during this bear market, that gives ample amounts of time for legitimate projects to start building their applications, right?
Building their community base, you know, their DApp, you know, all their stuff that they're bringing to the table.
So that when the bull market returns and people are making their profits and getting those gains, you know, a lot of people want to stay in crypto.
They want to stay in DeFi, right?
They don't want to take their money and go back to nasty fiat.
Ooh, disgusting.
Gross.
They want to keep it on chain, right?
But the problem that we're having, and I've seen a lot of it here, especially within the last year, maybe even six months, is that you're starting to see a rise in scams.
You're starting to see a rise in rug pulls because it's a bear market.
People are going to get desperate, right?
So they're going to do anything they can to make profit.
People have to eat.
They have to survive.
They have bills.
They have mortgages and car payments and insurance and, you know, child care and groceries and electric bills.
They have to make money.
And so they're going to do everything they can under the sun in order to make money, whether that's rug you, slow rug you, you know, or whatever they have to do.
Now, I'm not saying they have a project in crisis scam.
I'm not saying that at all.
But I think what people are starting to see now, especially since we've been in this historic bear market, is that, you know, the real projects are going to show you what they have during the tough times.
That's when you really start building your community in the days of red.
It's very easy in the days of green.
We're the best.
We're going to go to the moon.
We're going to hit that.
That's saying that everybody always says now, that one billion, right?
We're going to one billion, baby.
One billion.
Billy, I promise you, Chaz, we're going.
Well, it's a little bit harder than people realize.
It's actually very, very difficult.
And so what you have to do is you have to create your user base.
You have to create your community in the bear market.
So that's one thing that's kind of, you know, to Lunk's side is that we have created this army, this tribalistic, you know, faction of people that just don't quit.
I mean, they just don't.
And I love it.
I've been a part of it since May of 2022.
And I'm still going to continue to be a part of it as a validator with the Lunk Live validator, as a holder, as a supporter, news broadcaster, whatever you want to call me.
And so when I heard about you guys coming over to Syncom, I was very excited because I love the term, you know, multi-chain.
I love that.
Right.
And I want to get your take on this, too.
Like when you hear people say, I don't I don't care about multiple chains.
I just care about this one.
You know, they're just trying to get our liquidity.
What would you say to somebody to try and convince them of how important it is, of why, you know, being able to go multi-chain is important for the future of a project?
What would you say to somebody that's kind of on the fence with that?
There are so many different, you know, different dimensions or, you know, angles you can answer this question from from the perspective of the blockchain.
You know, if you're a, you know, from Lunar Classic, for example.
Why do you want cross-chain applications on your chain?
So you want them on your chain because you need them.
There is what I call them core DeFi and NFT primitives.
You know, those are applications that are not super exciting, to be frank, but they are the foundation of exciting apps.
So the best example is a DEX.
You know, a DEX essentially is just, you know, one token in, one token out.
That's all.
But a DEX, an exchange is the heart of almost every other application because almost every other application does something that trades tokens.
You know, liquid staking tokens, they might auto compound something.
Games, you know, you want to trade your in-game currencies.
Lending markets need the DEX for liquidations.
You know, every other application needs this.
And so there are a couple of core primitives that you want on your chain.
And you face two choices.
Either build it yourself, which, you know, costs you a lot of money, takes you a lot of time, or you just attract, you know, cross-chain applications like Lunar Classic did.
You know, Whitewell is now there, and now there's a functioning and supported DEX.
There is Flash Loans.
And other applications might come as well.
And then, you know, people can start building the really sophisticated and exciting applications on top.
From the perspective of, you know, application, why does Whitewell want to go cross-chain?
Why does Backbone Labs want to go cross-chain?
Well, first of all, there's less risk involved.
You know, blockchains, they can go down.
You know, they can stay up.
But if you're on 10 blockchains, you know, you don't really care because you've got options now.
There's also more markets.
Think of it like you own a shop.
You know, you sell some goods.
You know, you can always stay in your hometown and just sell there.
That's fine.
But you could also, you know, go to the neighboring town and open a shop there and open another shop.
You know, and you can keep your headquarter in your hometown.
And, you know, eventually, you know, you're going to have a huge headquarter.
You know, the whole, the whole, you know, your whole hometown will benefit from you going cross-chain.
So, lots of different angles.
But really, there's almost no downside in going cross-chain besides that it's very hard.
And, you know, very labor-intensive.
Absolutely, and I couldn't agree with you more on that.
And it seems like that what we've seen here just in the last year is, you know, projects that claim to be super bullish.
And we're going to do this and this and this and this.
Well, when the day finally comes to deliver on these promises, a lot, I think, figure out very quickly just how demanding and how difficult it is to be successful.
It's kind of like in the real world when you say, I'm going to open up my ice cream shop.
And my ice cream shop is going to be the number one ice cream shop in the world.
Everybody's going to love us.
Everybody's going to love our product.
They're going to come in by the thousands daily to eat our ice cream.
And they open up the first day and they have 200 customers.
Right?
So, that proves to me that crypto is no different than any other business in the world.
It's really not.
It's just digital.
That's the only difference.
And it's even better when you think about it, too, Syncom, because crypto never sleeps.
Okay?
It's not like the stock market.
It doesn't go Monday through Friday from 9 to 4 and all that jazz.
It's 24-7, 365, Monday through Sunday.
It never stops.
And that's why it's so appealing to people.
And that's why they come over here.
Right?
They love it.
They love, you know, 24-7 trading.
They love, you know, all these applications, all these dApps.
Right?
Your Web2 people, you know, your gaming people, they love this stuff.
Right?
But like I said before, it's becoming more difficult to really make a name for yourself unless you have a product that, you know, separates you from the rest of the pack.
I was just going through some old tweets, having some conversations and some DMs with some people yesterday, you know, about online gaming.
And I was looking at projects that launched in 21 and 22.
Well, they're dead.
Right?
Because they couldn't sustain.
They either didn't have the user base.
They didn't have the volume.
They didn't have the liquidity.
Very important word there, ladies and gentlemen.
Liquidity means everything.
Crypto project.
I think Syncom can agree with me on that.
If you don't have deep liquidity pools, if you don't have large daily volume, it's going to be very difficult for you to make things happen.
Because you're going to have, it's a total package, man.
You've got to have a great product.
You have to have a squared away team.
You have to have a vibrant, loud community.
You have to have, you know, deep liquidity, large volume, health and marketing campaign.
Because if nobody knows about you, if people don't see your product, they can't go and physically use it, right?
Download it from either the Apple Store or the Play Store or whatever or a browser setting or be able to test it.
You know, they're not going to believe in you.
They're really not.
And, you know, it took, it took a little classic a long time, you know, because people said that thing's dead, man.
It is dead, right?
It was easy to say that.
And I agree with them, right?
For the first three days, I said, man, I think this thing really might be going down the tubes.
But then when I saw that the exchanges were still listing, when I saw that people were rallying, kind of like this battle cry of, hey, let's save this thing.
And that this crash was not normal.
I mean, we can literally have a conversation on this topic's income for days, man, or weeks, depending on how much time people have.
I know we only have an hour today, but we'll discuss it more in the future.
But when I really started to deep dive into that whole crash, and I really encourage people to go back and kind of look at that, right, of how it happened.
And now the rumors that are circulating around, you know, SPF and Alameda Research kind of having a hand in that.
Very interesting indeed.
I've told people from day one, Syncom, I said, look, you know, Luna at the time was really making some moves.
It was in the top cryptos in the world, and it was starting to catch on the heels of Ethereum.
Now, let's be honest here.
If you're an owner of those other projects and you see this dark horse on your heels, that's not going to make you too excited now, is it?
Especially when your main use case is decentralized finance, right?
A decentralized stable coin.
So why not destroy it?
Why not take it out and get rid of it?
So that it can't destroy you or overpower you.
Very interesting indeed.
But here we are now.
It's 2023 now.
We're going to blink our eyes in 2024.
We'll be here.
But guess what?
Luna Classic is still here, right?
Still listed on major exchanges.
Binance burns it monthly.
They just showed support for this latest update that we did to the blockchain, which was very, very important.
The version 2.2.1 update was challenging.
Let's just say that.
I was watching the validators discord.
All these validators think I'm working together.
And they ran into some hiccups.
It's hard, guys, to do some of these updates sometimes.
I want people to realize just how hard these people were working.
Putting in, you know, 14, 15 hours straight, not stopping.
All nodes, the number one validator for the blockchain, was having some difficulties.
But they still kept working.
And now we have our blockchain, you know, producing blocks again.
We have validators that are online.
But for a little bit there, people were sweating some bullets.
Now, multiple people messaged me and said, hey, look, Diamond, I don't know if this is going too smoothly.
And I said, look, just breathe.
Take a breath.
Let them do their thing.
And everything will work out.
And it did.
It ended up being okay.
We're still pushing forward.
So shout out to all the validators that were working their tail off yesterday, exhausting yourselves and working together.
That's what I really love to see was all these multiple validators, even though they're all in this for their validator set, right?
It's their own businesses.
Because they still had to come together and work together because we're all Luna Classic.
So big shout out to you guys, man.
Good work.
So, Syncom.
When it comes to Whitewell, you guys, I think, I was trying to find it.
And I think I lost you there, but I'll bring you back.
So that's no big deal.
And I'll have you two in a V-shape with you.
But Syncom, you guys recently put out a Medium article.
I was trying to find that.
Can you send that to me in a DM?
Or can you put that up in the space so people who are interested in putting forth liquidity to your pools know how to do this?
Yeah.
We're happy to do this.
Let me say a couple of things here.
So it's 1722, so it's 5 p.m., 23 minutes in my time.
And I'd like to take the opportunity and thank you, Mr. Diamond Hands.
You know, I think you've been, you know, ever since I think Luna V-shape introduced us, you've been, you know, supporting us ever since.
And, you know, this goes out to all the fatsters and naysayers.
We're not paying him.
So he's doing this because, you know, he believes in us doing good things for Luna Classic, which we believe we're doing too.
So I'd just like to thank you.
I'd also like to, you know, say a couple of more things here.
So first of all, if you're listening to this space, please give everybody here on stage a warm and, you know, hearty follow.
There are a couple of people in this space you need to follow as well.
You know, it includes Backbone Labs.
You should give Ginkoo.
You should give Migalu Whales and Luna V-shape.
You should give those guys a follow as well because they are, you know, very important thought leaders in our ecosystem.
And you'll soon, you know, hear their names more often as they, you know, continue interacting with Luna Classic.
So shout out to you guys.
And I'd also like to ask everybody, please retweet the space, you know, hashtag right the whale.
And, you know, get the word out.
You know, we're here.
We're still here.
We're talking.
And we're pushing this thing forward.
So thank you.
Yeah, my pleasure, man.
And that always gets me tickled.
You know, people, I saw that, too, in the past.
They were like, how much are they paying you, Diamond Hands?
It's got to be lucrative.
And I'm like, man, it's a hell of a contract.
It's zero.
Man, it's the best contract I've ever signed with White Will.
Wouldn't you believe it?
There's – that makes me chuckle when people say stuff like that.
Because, guys, look, you know, I would be honest with you.
I would tell you if something like that went on.
And really, as an American, I'm required to do that.
And people know that.
So, no, I'm not being paid by White Will.
I'm doing this totally free.
I've told people for the longest time that, you know, I take Luna Classic very, very seriously.
And really, for me, you know, I've said it once and I'll say it again because people have memories like goldfish.
You know, my page serves at the pleasure of the Lunk community.
I'm a holder.
I believe in the good old fashion.
You shill for your bags because if you are invested in a project, you believe in the message, you believe in the devs that are working hard.
You know, you've got to do your part as well.
And I think a lot of these large accounts, a lot of these influencers, and I get it.
It's a bear market.
I understand.
You've got to make a living.
I totally get that.
But what you do when you do that is you set yourself up with a big, fat target on your back.
Because some of these projects, some of these so-called developers, they'll take advantage of these large accounts and they'll make it seem like they have good intentions and that they're legitimate and they're not.
And then when they rug pull or they steal from a marketing wallet or a deployer wallet or whatever, who does it come back on, right?
It comes back on the influencers that were pushing it, that were shelling it.
But, no, I'm giving Whitewell DeFi a platform because they're the first to really, you know, put their faith in us, right?
They, you know, they don't have to be on the blockchain.
They can go anywhere else and come, right?
So it's like, you know, if I see somebody willing to extend that olive branch, I'm going to take that and then I'm going to show support for that project.
Because that's what Looney Classic needs right now.
We need more developers.
We need great applications.
Cross-chain sounds fantastic.
And we want hard workers over here.
So, you know, am I going to sit here and charge people or tell people, yeah, pay me this and that?
No, dude, that's ridiculous.
You know, you have to look at the longevity of what you're trying to accomplish, and that's to get us back up and running again.
That's to come to a solution with USTC to bring builders back to the chain.
And so I'm going to be the first to say, and if I've got to leave the charge on that, then so be it.
You know, I'll use my platform every day of the week for free to bring builders over here and to give them a platform to show that, you know, look, we're willing to work with people if they're willing to work with us.
So, no, I thank you for deciding to take a chance on Terra Looney Classic and to show the people of Lunk that you guys are willing to build over here and, you know, want the support as well.
So I thank you guys for that.
Vise, if your hand's getting tired, I know that, sir.
So I'll go ahead and let you say a few words.
What's up?
Hello, hello, guys.
Hello, Mr. Diamond Hands.
Thank you for the warm welcome.
Yeah, you mentioned something very important, I think, in your last speech or the speech before.
That is that every project needs liquidity.
And so I kind of wanted to focus our conversation a little bit on the topic how to attract liquidity to White Whale on the Lunar Classic blockchain in order for their DEX to function perfectly and, yeah, to have an awesome experience for the community.
So I was having a call on Friday with CENCOM, actually, and so because I think the Lunar Classic community is a little bit hesitant to put up any spend proposals on the governance as of right now because there has been so much drama about that.
There was so much drama about it.
Anyway, so I was offering CENCOM to seed the liquidity pools or to give liquidity providers a reward for my personal account, actually.
I think I'm going to put in 100,000 Whale and maybe some Lunar Classic as well.
So if people put in liquidity, they will get a nicer APY for that.
So let's do that, CENCOM, because I have actually some time now.
Let's do that after this call.
Yeah, so first of all, yeah, so Luna Vshape and I, we talk once in a while, and he's really, he's a fantastic guy.
Very handsome, by the way.
Very handsome.
And, yeah, I really appreciate the support.
You know, I know you're a diehard Lunar Classic, you know, guy, but also you're very supportive of the whale community, and I really, really appreciate that.
I think there are a couple of very exciting, you know, things coming up, you know, from the corner of Luna Vshape soon, which includes, I mean, Backbone Labs and JG.
They talk publicly about this, you know, the Sapiens Collection, that's going to be really, really wild.
Just one thing, so on the application, and that's something, really, managing a chain and upgrading a chain is really, really hard.
And, unfortunately, you know, sometimes mistakes happen, things are not communicated correctly, and with the latest update, something, you know, some dependencies broke.
So you can't use the app right now, our app.
It's still, all funds are saved, you can access, you know, nothing changed on the contracts, but the front end, right now, we need to fix this.
So we're in conversation with the guys on the, you know, Layer 1 team, trying to sort out what they changed, what impacted, you know, the applications there.
So we're looking into this right now.
But we'll let you know as soon as it, you know, as we found a solution together with the Layer 1 team, we'll let you know, and then operation can resume as normal.
And another thing, you know, I mentioned the Sapiens Collection, the NFTs, you know, earlier I said, and also in previous spaces that, you know, this is a pivotal moment for Luna Classic, because for the first time, you know, builders start coming in again, you know, on-chain activity is increasing, because there's more to do.
You know, we're just the first to go there, but now others are coming.
And I know for a fact that Backbone Labs is actively looking into, you know, deploying there because of the Luna Sapiens Collections.
So that's very interesting.
And JG, please give me a thumbs up or a thumbs down, depending on your opinion.
Shall we do a quick whitelist giveaway in this Twitter space here?
Because Backbone Labs is launching their NFT marketplace.
It's imminent.
And so the whitelist, whitelisting phase is ongoing.
So the marketplace and the first, you know, flagship collections are already lined up, like multiple collections all lined up, you know, like ducks in a row.
So, JG, if you want, we could give one NFT or one whitelist spot to the listeners of this space.
Thumbs up.
All right, guys.
So you saw the man.
Don't forget to retweet the space.
And then let's see.
Backbone Labs will announce the winner, I guess.
Yeah, JG, if you want to put anything up in the nest, by all means, you can do that.
I think that's a great idea.
And that's a very, you know, good way to show people that, you know, you're ready to make things happen, you know, because I've been watching Backbone Labs for a long time.
I saw where they're just now going to start doing some collaborations with the Swamp NFT.
And I see them here in the space.
And that's always good to see.
Well, and I'm just at a point now, guys, where, you know, even back in 2021, I saw lots of people.
And look, there's nothing wrong with being a fan.
There's nothing wrong with being a fan of a project that you're a part of or a blockchain that you use the most.
There's nothing wrong with that.
But, you know, times are changing now.
If you're thinking that we're just going to stay on this one project, we're not going to do any cross-chain, multi-chain, you know, you've got to start being a little bit more accepting of that.
Because the way that crypto is going now, especially with that lovely L word with liquidity, okay, you've got to make sure that, you know, you have multiple deep liquidity pools, that you're having partnerships with other projects on different blockchains.
Because, you know, like I'm a fan of crypto, right?
Not just a single project.
I'm invested in multiple projects across different blockchains.
I'm a fan of crypto in general.
And we have to start looking at it that way, right?
So, you know, and here, it just was a couple of moments ago, people are talking about the spot ETFs, right, with Bitcoin.
They just announced a few moments ago that October 17th.
So, for listeners in the space, go ahead and mark your calendars for October 17th.
That's going to be a pretty monumental day, because that is going to be the day that the SEC makes their decision on whether the spot ETFs are going to be granted or denied for all of these multi-billion dollar, trillion dollar companies like Fidelity and BlackRock and all these guys that have applied for it.
And the ARC people as well, they've applied for it as well.
You know, and that's going to basically determine if we're going to have a bull run or not, right?
How quickly it comes or how slowly it comes.
So, mark your calendars for that day, guys.
October 17th is going to be a monumental day, historic day, if you want my honest opinion on it, because that's going to determine if this lovely word of mass adoption is going to be on our doorstep.
And so, I mean, again, like I said, you know, bear markets are used to build.
So, we got time, right?
We got a little bit of time left to make some things happen here, because can you only imagine, folks, if that is granted, right?
If they grant those spot ETFs for all those major, major companies, how much money will pour into the crypto market?
Trillions.
It'll be trillions of dollars, just for BlackRock, BlackRock alone by itself will be trillions.
And some more customers, I mean, worldwide, that'll be coming into Bitcoin, that'll be coming into crypto, right, for the first time.
It's going to be unbelievable.
And so, that's why you have to create things like we're talking about right now to make yourself appealing to future investors, appealing to future customers of crypto, because they're going to be looking for safe projects.
And with rules and regulations that have been talked about now going on a year and a half, you could see in the very near future, especially in the United States.
I know, right now, Gary Gensler is not the best-like person right now in the United States.
He's not.
But he's still in the position that he's in, regardless, nonetheless.
There might be some future regs that come out that make it a little bit more difficult for you, especially as an American project to operate within the United States.
You're going to have to, you know, walk through some hoops, sign a few documents, pay a few fines, or pay a few bills to get this thing out, right, that you're bullish on.
So, that's why you've got to get yourself ready for that right now, so that if that day comes or when that day comes, then you can just take care of it.
But if you're not building right now, I mean, every day that goes by, you're allowing somebody else out there to get the upper hand on you.
Because a lot of people have been discussing this in my circles with these rules and regs and, you know, these ETF funds and all this stuff.
Eventually, the day will come.
It's all granted.
And so, if you're sitting there on your hands, and then all of a sudden you open up the markets and everything's got God-green candles going everywhere, and you're like, wow, what happened?
What happened?
Well, there you go, right?
So, October 17th, mark your calendars.
Check that out.
But, yeah, I mean, JG, if you want to do a giveaway, man, for a whitelist spot, if you want to make a tweet or whatever you want to do, if you want to pick somebody in this space or make a tweet to where you've got to do the old-fashioned like and retweet and tag somebody.
I would recommend.
I have a recommendation for that.
Yeah.
How about everyone in the space retweets the space or makes a post about it?
Hashtag Luna Classic.
Hashtag Bright the Way.
Okay.
I like it.
There you go, folks.
And then Backbone is going to choose someone.
Excellent idea.
So, you heard there, folks, the way that you get in the running whitelist spot there of Backbone Labs.
And if T-Launch coming up here, just retweet the space, comment, you know, Lonk Luna Classic and hashtag Ride the Whale.
Then Backbone Labs will choose somebody from that, and they'll be winning the whitelist spot for their up-and-coming launch.
So, that's good, man.
I love that.
I love giveaways.
I love, you know, a little bit of a contest there.
That's always good.
And it's good for engagement as well.
So, I also want to take a short break to thank everybody for coming in the space today.
You know, you guys could be anywhere else doing anything else.
And you decided to be here in this space with us here in Lonk Live, which we are very appreciative of.
If you guys would love to give me a follow, you know I'll always appreciate that.
But, you know, I love going live.
I know I have gone live here too, too much here in the last month or two.
I had some things going on here with the family, and our house was getting rebuilt from a pretty bad storm that came through the United States here back in June.
So, we are finally on the tail end of that, and it has been hectic, and it has been stressful.
So, now I'll be able to go live more for Lonk Live because we got it.
I mean, I got to have a show for you guys, right?
Blue Classics got to have a nice show to talk about some bullish stuff like White Well DeFi and Backbone Labs, right?
Got to have a program like that.
So, let me ask you this, SimCom, because everybody, you know, when they have projects come in, and if you have any questions, just real quick, if you don't want to come live, you don't want to come up front, you can shoot me a DM of a question.
I can read it.
If you're a little shy, that's no problem.
Or if you want to ask a question as well, Neon, I see you there.
Just request, and we'll bring you up.
But I was going to ask you this real quick, SimCom.
So, eventually, the bull run will return.
When that day is, we have no clue.
We're not sure, but the day will cometh, right, when the bull run returns.
What is White Well DeFi's strategy, you know, to ensure that their community, their holders are in a good position?
What steps are you guys taking to make sure that you're ready for that so when it returns that you have, you know, the pieces of the puzzle needed to be successful?
What steps are you guys taking over there?
That's quite a thoughtful question.
So, let me preface this by saying that, you know, this is not financial advice and, you know, we don't have a crystal ball.
We can just try to do our best.
You know, everybody in the team, everybody, you know, all the teams working with us in our community, we can all together strive to, you know, become very successful.
But there's no guarantee.
That's just, you know, the space is very experimental.
It's very new technology.
It's a lot of, you know, it's global.
It's on 24-7.
You know, there's lots of PVP spirit.
You know, that's just something to keep in mind.
But let me give you my honest answer of, you know, what I believe we're doing right now, which will, you know, pay off massively in the future.
So, first of all is, you know, we continue building through the bear market like there is no bear market.
You know, if you start building in, you know, when the market, you know, starts to pick up again, you'll be at a disadvantage because we've been building for years.
You know, we already have our partnerships, our community.
You need to start fresh.
So, we're on a head start here.
Very, very long head start.
And then I think there are a couple of more very important things that we try to focus on.
So, one is have a useful product that has a purpose and that, you know, the more it's used, captures value that goes back to the holders in a way that's not, you know, exploitative.
Or extractive, but more in a way that people like to pay for the service that they get.
You know, normal business transactions.
I get this, you get that.
And it's a win-win.
So, we try to create these win-win situations everywhere we go in our partnerships with different chains, in our partnerships with different teams, with, you know, NFT collections, with individual contributors.
We try to find win-win situations so that everybody is aligned.
Everybody, you know, has the same vision.
You know, not exactly, you know, not everybody's making the exact same, exactly same steps because all our individual teams with their own little twists and, you know, what makes them unique.
But still, we've got a common goal.
And that unites us so we can move forward together.
And, you know, start building really useful applications that people are happily and willing to pay for.
And if that happens, you know, it's only a matter of time, you know, bull market or not, that, you know, that thing will be successful.
So, that's what we do.
We try to reach out to, you know, you know, exceptional communities, you know, try to work together with them on different blockchains.
We try to, you know, reach out to teams that have, you know, unique ideas for NFT collections and try to work together with them.
We reach out to teams building DeFi applications or, you know, NFT applications and we try to work together with them or games.
And so far, we've been very successful.
We're live on, you know, more than a dozen chains.
I think eight or nine by now.
We have, you know, almost half a dozen teams building with us.
You know, not blockchains, but teams building with us.
We have Ginkgo, we have Backbone Labs, we have, you know, Spark, Raccoon, Ares.
And we have, you know, Backbone Labs is doing a fantastic job of onboarding a massive amount of NFT teams and collections.
And that's another layer of, you know, of activity that will drive our success, I believe.
Absolutely.
And I agree.
Backbone Labs is killing it right now.
And I've had, you know, multiple conversations with JG and I can tell by his energy and his passion, even when we're on our calls and our texts, that, you know, he's willing to go all the way.
You know, he was telling me, I think, JG, weren't you at a wedding one time and somebody called you in regards to crypto and you took the call?
Or maybe I'm just making that up.
But I could have sworn you told me that one of our conversations.
You're like, no, man, I can never sleep.
This is what I do.
I mean, wedding, funeral.
Hey, you know.
So, but I like that.
I love how, you know, he's passionate about that.
He's committed.
And that's why I believe that Backbone Labs will be successful.
And I love their theme, you know, coming back from the grave.
I mean, that's why I love, you know, I would love that for Terrell and the Classic because let's face it, you know, we were one step in the grave, right?
Maybe the entire body and only the head was not under the ground.
But, you know, that theme of coming back from the grave, right?
Coming back from the dead and seeing their grave diggers and all those things.
I think that would do fantastic on the Classic.
So I'm very excited to see them wanting to do things for us as well.
But I think also, too, you know, Syncom, for just me thinking about my own question there for a second, you know, to be successful, I just think you just treat your people good.
You know, if you've got a product out here, if you're a project that is alive currently right now and you're wanting to prove to people that, you know, that you're going to go the distance and you're going to be here cycle after cycle, you know, you just treat them like family.
You know, treat them like your brother, your sister, your mom and your dad and take care of their problems.
If they can't, you know, swap correctly, if they can't add liquidity, if they can't transfer and they're running into issues, why do you think all these customers spend, you know, hundreds of millions of dollars, if not billions of dollars in customer service?
You know, it's a very serious issue for them.
They want people to, if they run into problems, because it's not if you run into problems, it's when you do, it's part of business.
You've got a, a avenue there that is going to take care of people right in their time of need.
So when people get stressed out with this, something doesn't work right or correctly, what do they do?
They panic, they freak out, they get mad.
So if you have people there that are at your disposal to walk them through the process, to be there for them to be like, look, you know, take a breath, right?
Just last night when people were freaking out about the upgrade that we were doing, you know, diamond hands, we're screwed.
I was like, guys, relax, take a breath.
Let's come to a solution.
Let's figure it out, right?
And they did.
And that's what happens.
But if you have people that are willing to do that for you, I think that's really going to be a big piece of the puzzle.
Customer service is everything.
The customer is always right to some degree.
I know sometimes it can be questionable.
But, I mean, I really believe in that statement that you take care of your customers, you treat them like family, and then they won't leave you.
They will be loyal to you and ride and die with you to the very end because that's what sets a project apart from everybody else.
As you put out your products, you take care of people, and they love it.
They love being taken care of, right?
And they love good stuff.
So let's go ahead and get to some questions here.
If you've got some time, Syncom, I know some people have requested to speak.
So I'll bring up the first person here.
It looks like Neon.
Neon has their hand raised.
So, again, guys, if you've got any questions for Syncom and Whitewell DeFi, now is the time.
We're going to have some time to ask some questions for people who are interested.
Just come on up to the front.
We just ask you, please be respectful.
Everybody on the panel, treat them with the same type of respect that you would want if somebody was bringing you up.
And we'll go from there.
So, Neon, if you are there, it looks like your microphone is there.
Just unmute yourself and ask your question.
Okay.
All right, Neon, are you there?
It looks like you're having some connection issues.
I can't hear.
If you want to maybe leave the space, come back and request, that sometimes works really good because I can't hear.
So, if you want to leave the space, come back and request again, that might be helpful.
But we're unable to hear you, my friend.
Anybody else that wants to ask a question again, if you want to leave the space and come back, that should be good.
I actually think I know what Neon tried to ask because I saw him tweeting something out.
He asked if it's possible for White Whale to adapt also Hexagon Wallet.
A good question indeed.
Syncom, can you touch on that a little bit?
To be frank, I don't know Hexagon Wallet.
So, maybe you can wait a little bit and then I can give you a more detailed answer when I look into what integrating the wallet entails.
But right now, we're doing an overall of our wallet integration in our app so that it should be able to support more wallets in the future.
Very good, yeah.
Go ahead, Vishay.
So, back in the days when Terror Rebels were still in control of Layer 1, they created an own wallet, so to speak, a copy of the station wallet.
So, they have their own endpoints, I think.
That was it.
Yeah, they have rebranded now some of the original members.
Of course, they went their separate ways and there now are a few left.
I know Matt's market, people that know him in the community, he now is the product manager of Hexagon.
They basically rebranded their name to kind of show, you know, look, we're starting over.
We have a fresh start.
So, that's their wallet that they do for the community, Syncom.
So, if there's anybody that, you know, you want to reach out to to probably look at that maybe in the future, Matt's market would be the one probably to go that route with.
And some people use it in the Lunk community.
Some people don't.
You know, they use Terror Station and that's okay.
But I think if you have different options for people to use, you know, that's never a bad thing.
Because I know what we've been witnessing here with some of these updates here recently, you know, Terror Station has gone down.
Let's not beat around the bush here.
It's gone down.
Just like you said, Syncom, when you're doing upgrades, when you're trying to do things, things happen sometimes.
Things break, right?
And it takes time to repair those things.
And I understand people get a little bit upset because, you know, they want to access their Lunk.
They want to swap out.
They want to transfer.
And they can't, right?
Because if the wallet goes down, they can't do those things.
They can't stake.
They can't vote, right?
And Hexagon is another option.
You know, I know people, some are for it and some are against it.
And that's okay.
That's their choice.
I know they're working on trying to do an audit on the wallet sometime in the future to make people more comfortable.
That's never a bad thing.
Safety and security is never a bad thing when it comes to cryptocurrency.
So, yeah, if that's something you guys want to look into, I mean, Matt's Market would probably be the guy to go with that route on.
And, you know, just give the people of LimitClastic a different option to use as far as wallet avenues.
And I also want to say that I really appreciate it if, you know, the community steps up and provides, you know, constructive criticism or requests for improvements or features.
Because that's really what drives, you know, the success of the project.
It's feedback so we can improve.
Because, you know, if you work on this thing for, you know, day and night, for months and months, sometimes, you know, you need somebody to remind you of the obvious things.
Because we're all just humans.
So, it's really, if there's something we're missing, some bugs, just reach out.
If you have some troubles doing or using the app, just join the Discord.
We have a very, very strong support team there.
You know, that's taking care of you.
And, you know, please, you know, keep in mind that these things, the technology is so new.
So, it's really, really, really hard to build good applications.
And I think everybody who's built an application can, you know, underscore it, you know, how hard it is to build these applications.
And best example is the chain upgrade on Luna Classic.
You know, we had our app.
It was working.
Chain upgrade.
Boom.
The app goes bust.
Now, again, nothing critical in the sense that, you know, funds are lost.
But now, you know, if you click the button, it doesn't work.
So, it's just very, very hard.
And we really appreciate people, you know, pointing out improvements and issues.
Oh, 100%.
You got to have your people telling you what's going on with your product.
That's the best feedback that you're going to get in the world are your customers.
You know, when they're using your stuff, if they've, you know, if they're using it and they run into issues, let it be known.
Right?
Go to the Discord, like Syncom said.
You know, shoot them a DM.
I get DMs all the time.
You know, they'll say, Diamond, Terra Station is not working.
Diamond, I can't, you know, I can't see.
I'm a validator on the validator list.
And, you know, I answer those questions, right?
Remember, customer service is very, very important.
So, those who are interested in Whitewell DeFi, you heard it there from Syncom.
And join their Discord link.
And Syncom, if you are Luna V-shape, can, again, maybe put your Discord link up in the nest for people to see as well.
If they'd like to join you in there, that's the best place, folks, to get into these Discords and these Telegram places.
So, that you can, you know, just talk to the community members, you know, make relationships and ask questions.
That's the route to go.
So, if either one of you have that link or can make a quick tweet, maybe put it up in there so people can see that as well.
We'll make that available to them.
Whitewell, you got your hand up.
And then we'll go to Rummy.
Rummy, I know that you requested to speak.
So, we'll let Whitewell go ahead first and we'll get to you.
Yeah, just a quick remark on the wallet discussion here.
So, I think what the Terra Classic community should look into is LeapWallet because we are going to launch our mobile version really soon.
And that's really going to be compatible for sure with LeapWallet.
Look into the wallet.
I mean, they started out as a really small project, but they established themselves in the Cosmos ecosystem right now.
And they're really expanding really fast, like us actually, cross-chain.
And they're a really good team.
They're super responsive.
So, if you have any kind of feedback to them, they will get to you back quickly.
And a quick word, like, about the question earlier, what do you have to do to be prepared for the next bull run?
In my opinion, your app has to have, like, a working mobile version.
That's an absolute no-brainer to me.
You know, I see so many friends who have nothing to do with crypto, but they're using all sorts of apps on their phone and don't use their personal computer too much.
So, if you want to onboard the masses, mobile is a must-have.
And, yeah, I think, like, yeah, give LeapWallet, like, look into LeapWallet.
And, yeah, then you can use our app via mobile.
That's what I wanted to say.
I 100% agree.
I mean, when you have 8-year-olds, and I physically have seen it, walking around with iPhones, walking around with Androids, I could not agree with you more, sir.
People are, I mean, phones now, just in the last 10 to 15 years, the technology has been incredible.
People do not use desktop versions that often because they just don't.
They love the accessibility.
They love being able just to carry their personal computer in their pocket, right?
And so, I can't imagine what the next 10 years is going to bring with mobile phones.
It's going to be mind-blowing, right, what Apple and Android come out with.
It's just going to get better and better and better.
So, yeah, I agree with you on that.
And I think that, you know, creating mobile applications so where people can use it on the go is very, very important.
That's why when Terra Station goes down, I get all these messages from people saying,
hey, man, Terra Station's down, Terra Station's down.
And sometimes, you know, the desktop version will be fine.
It's just that they can't use the mobile version.
And that's why they start kind of panicking a little bit and freaking out because everybody, what?
They always have their phones on them.
I mean, all the time.
When we go to bed, what do we do?
People in the audience say, you know what you do, right?
You check your messages, check your emails, you know, do a little surfing on social media, plug your phone up, go to bed.
You wake up, what's the first thing you do?
Don't lie to me.
I know you guys know what I'm talking about.
First thing you do, what do you do?
You roll over, unplug your phone, what I miss.
What I miss while I was sleeping, especially you crypto bros in here.
The first thing you do, I know you do it because I do it.
First thing you do is you check what?
You check the markets.
You want to see what happens.
I say, yeah, yeah, yeah.
Backbone knows what I'm talking about.
You all, don't hide it now.
There's no shame in it.
That's the first thing you guys do.
If you are a true blue crypto fanatic, the first thing that you do, as soon as you open your eyes, you unplug your phone and you check the markets just to see, hey, what did Asia do while I was asleep?
What did China do, huh?
Did they hold the light or did they dump on us?
What did they do, right?
I know I get tickled at that.
But, Rummy, thank you so much for being patient.
If you had a question, we'll go ahead and bring you up.
And then we'll go ahead and go ahead and start closing out.
So go ahead, Rummy.
Go ahead with your question.
Hi, guys.
How are we doing?
Good space, as always.
I sometimes, obviously, looking around the community and obviously speaking to a lot of people, a lot of people have actually jumped into Whale.
I've got a bag, a decent bag in Whale.
I accumulate now because I think it's a good time, especially with the projects and the transparency of the team.
Or, you know, I now and again harass, send common DMs on Twitter, whatever you like to call it.
And it's always good to come back as a backbone, labs, especially with this issue with Wallet.
And I don't know if I missed something.
I've, several people that I speak to, obviously, have used Leap.
And I've only just recently got onto Leap.
And I was obviously being able to stake Whale through.
And I was using my Kepler wallet because, obviously, Terra Station is not compliant.
And is that right that Terra Station is not going to be compliant?
Or is, will TfL come forward and sort of look at maybe upgrading it?
Is that anything that you guys at White Whale could lightly push?
So, when it comes to, you know, third-party dependencies, I can never really give you a straight answer because it's not in my control.
Or, you know, because what TfL does is what TfL does.
We do, however, have, you know, a very good, good, you know, relationship with the team.
And, obviously, you know, if people come to us and request, you know, we want one station to work again,
we reach out to TfL frequently and tell them what our, you know, community tells us.
I actually think in the last TfL Twitter space, they announced that they will also focus now on a phone version or an updated version of the Terra Station wallet.
So, I think we can expect that either end of October or end of November, I think, if I remember correctly.
So, that's great news.
That would be handy because I know a lot of people that have got sort of now idle lungs sitting on Terra Station wanting to put it into liquidity pools.
But, obviously, like most of the planet, we use mobile and, for some people, using a desktop, then Chrome extensions.
They don't want to get involved with it, especially with some of the problems with the hacking and the scams, etc., which I totally understand.
You know, people just want to find a way where they can get involved because there are a lot more people that are waiting,
especially who I'm speaking to, looking around the groups.
You know, it's just something that I think if it can get sorted, everybody's laughing and it could be super bullish for both parties.
So, I think they have version 2 now, right, the desktop version, and the mobile version is still version 1, basically.
So, they don't want to waste energy now getting version 1 of mobile to version 2.
They'd much rather, because they're going to work on desktop, they want to make that better as well.
So, they're going to release a version 3 of desktop at some point, and then they want to immediately, like,
they don't want to waste now time to update and make the old version to version 2 on phone
because they're going to release version 3 now anyways, soon.
So, yeah, that's what I understood.
Okay, that's great.
And just one last question.
Is there any chance, again, spoken in a couple of groups,
that we can get a breakdown of how people can literally stake while a YouTube video or something?
Because some people use Kepler, some people, I guess, use Metamask,
and then I don't think people quite understand what they need to do to actually get involved,
especially being able to utilise Alliance, which is an absolute no-brainer.
Because if you stake in the right pools and you get the rewards and you stake it elsewhere,
you're getting free money.
And I think that just will provide more liquidity.
It will provide more people to get involved because it's a win-win situation for everyone.
So, I don't know if that can be, something can be sort of literally a really basic,
broken-down tutorial because unlike Luna 2 where, obviously, they're very tech-savvy,
a lot of the community within Luna Classic now are not so much inclined and don't know.
And that's not a dig at anybody.
I'm like that to a degree, but it will just help people who literally are general retail
to think, well, if they can do something with it and they can make their money work for them
or their crypto work for them, you know, it's benefiting everybody.
It benefits the chain, benefits White Whale, etc.
I agree.
You know, you definitely want to do stuff to make it easy, accessible, easy to understand
so that people can utilise whatever it is you're building.
Whether you're doing YouTube videos, medium articles, AMAs, Twitter spaces such as this.
And we talked about that, you know, making it easy for people to understand,
making it easy for people to get, write, and use.
That's the ticket.
So, I'm sure that Syncom and the gang there at White Whale DeFi will come up with ways
to make it, you know, easy for people to use.
I know they put out a medium article there just a few moments before the space
about how to add liquidity to the pools to help.
So, I know that they're going to be doing that.
So, that's good stuff.
And there's still a problem with KEP.
I think it was KEP.
They had a problem with leaks.
I know Backbone Labs, when just responded to a message on it saying that I think
they're trying to fix it at the front end because a lot of people are obviously trying
to stake it.
It comes up as an error code of like 429.
So, I don't know.
I think people are going to wait for that to be able to continue to stake.
But, obviously, that's the only way people are being able to do it.
Rummy, I think you're going through a dead spot.
You're starting to lose connection there.
Hopefully, that can get fixed.
All right.
Can anybody else on the panel hear Rummy?
He's kind of cutting in and out.
Can you all hear me?
We can hear you loud and clear.
The connection issue is on Rummy's side.
Yeah.
I think so.
I heard a large majority of what he was saying.
And I think that to answer your question, Rummy, I think you're going through a dead spot
there.
I think the Whitewell DeFi team is definitely going to do things to where people can understand
their products and stuff like that.
But, yeah, Rummy, I think your connection is a little bit bad.
So, what I'm going to do is I'm going to drop you down, if that's okay, in that way, because
it's kind of going in and out.
I don't know if you can hear us or not, but your connection is a little bit bad.
So, I'll drop you down to listener.
Backbone, did you have anything that you wanted to add before we start wrapping things up for
today's Lunk Live episode?
I know you came to the front.
Did you have a winner you were going to select?
I think we had a little competition there, people that were listening to retweet the space
and hashtag Lunk or Terralunda Classic and hashtag Ride the Well if you chose anybody yet.
Hey, guys, no.
So, I think the easiest way to do it is we'll choose somebody after 24 hours and we'll do
it off the engagement from this space.
Otherwise, it becomes a real nightmare in choosing a winner.
Gotcha.
No problem.
So, you heard it there, guys.
So, that actually gives people more of an opportunity to enter right in the competition.
So, if you guys want your opportunity to get a whitelist spot for Backbone Labs' upcoming
launch, you know what to do.
Retweet this space, comment Lunk or Terralunda Classic and hashtag Ride the Well for your
chance to enter in to get a spot, right, for their upcoming launch.
That's good stuff, man.
I'm excited that we're having these spaces, gentlemen.
I think that this is the good old-fashioned way of marketing yourselves to prove to people
that you have legitimate products and services and that you are here for the long term.
I think people are looking for that.
People know it's a bear market.
They've known that now for going on two years and they are still here.
People are still spending their capital and they're still looking for legitimate projects
because they know that once the bull run returns, right, that's when stuff gets fun.
But you have to go out and find those gems, find those legitimate teams that are going to
be safe and secure, that will give you good customer service, and that will do everything
possible to gain your trust, right?
And that's what people are doing right now.
So I'm going to go ahead and end the space.
We've been going for about an hour now.
We'll have more spaces in the future with the gang here of Alliance and Whitewell DeFi and
Backbone Labs.
If you guys have any other people that you think we need to bring on Lunk Live, my DMs are
always open.
If you know somebody that you'd like me to feature for free, of course, no charge.
We do it on behalf of the Lunar Classic community to give them engagement, to give them exposure.
Please let me know.
Give everybody up here on the panel a nice follow.
Retweet the spaces here.
It helps for the engagement and gets the word out.
So I want to thank you, Syncom.
I want to thank you guys for coming on today.
I really appreciate it.
And everybody in the space, if you are interested, Whitewell DeFi's latest liquidity pools, if
they're in the nest, there's a way for you guys to do that.
If you have any questions, of course, shoot Syncom and the gang here DMs or myself, and
we'll be happy to settle.
Thank you so much, guys, for coming on.
I look forward to having you back in the future.
Have a good one.
Bye-bye.
You too.
Later, guys.
Thank you guys so much for tuning in.
Yeah, man.
Thank you guys so much for tuning in today on Lunk Live.
As always, guys, you know how we roll.
We do everything possible to bring you the latest news and updates on Lunk Live news brought
to you by the Lunar Classic Network.
You know, we love being here with you all.
We're holders just like you, believers just like you.
When things get sorted, make sure that you guys are delegating to your validators who are
holding the line.
Keeping our blockchain going.
We'd love to have you stick with us with Lunk Live.
And as always, guys, we hope you have a fantastic day and we'll see you next time.
Take care.
