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@MistCoinEth : The First Standard Coin in Blockchain History
Recorded: Jan. 27, 2025 Duration: 1:03:48Space Recording
Full Transcription
Can I just get a hello from you, Julian, just make sure that I can hear you and everyone
can hear me?
Hello.
Yeah, absolutely.
Perfect.
Thank you, Julian.
All right, then I think we should get started.
So, first of all, welcome everyone and thank you so much for participating in our AMA with Mistcoin
here.
It's lovely to hear somebody from actually like old school, old school from Ethereum side
and we'll be right now.
We'll love to explore more and know a bit more about Mistcoin and their future plans, etc.
Today.
Headline is Mistcoin, the first standard coin in blockchain history.
I'm Vivian, the Global Partnership Listing Manager and we've got Julian here.
He's humbly has put his title as Mistcoin, all right? I will just give a little introduction of Mistcoin and ourselves and then Julian after I'll pass you the mic for you to do your introduction.
So, Mistcoin is recognised as one of the first tokens created on the Ethereum blockchain with
its contract established on the 3rd of November 2015.
So yeah, when I say old school, it is old school.
Just before the ERC20 standard was finalised, this timing positions Mistcoin as a precursor
to the ERC20 protocol showcasing early experimentation with token creation on Ethereum.
And of course, shortly after its Ethereum's launch in 2015, Ethereum has also deployed Mistcoin,
a 1 million supply collectible coin as a prototype to test the concept of standardised token creation.
And this experiment obviously paved the way of now the widely adopted ERC20 token standard and forever shaping the Ethereum ecosystem.
And of course, the notable holders are Fabian Veja Stella, Alex, also known as AFSA, Van de Sande and Dogger Ethereum Bounty.
And in 2015, AFSA has also created a DAO with Vitalik, obviously Vitalik and Ming Chan, Piper Merriam and Hudson Jameson, Ross Nicole and two others.
And also the DAO owns 5% of the supply.
And who are we? As the moderation of the AMA, CoinEx has now kind of rebranded to your crypto training expert, offering more comprehensive and professional services to help users to succeed in increasingly complex crypto markets.
And also an exchange that contains 1,300 plus coins and tokens.
So the next project could be you.
All right, Julian, is it all right if I just pass you the mic for you to introduce yourself and Mistcoin just really briefly for yourself?
Yeah, absolutely. Good morning, good evening, good afternoon, everybody.
So my name is Julian and I'm part of the sort of community led team for Mistcoin.
It's different than all other coins because, you know, in terms of having a team, you know, some of them, these many of the millions of new coins that are started today,
of course, have founders today that put aside coins and marketing materials and whatnot and have many coins themselves typically.
But in this case, Mistcoin itself, as Vivian mentioned, launched in 2015, a few months after Ethereum launched in mainnet.
And I'll give you a really super brief history about, you know, what the game changing aspect of Ethereum for blockchain was that before Ethereum, you just had a lot.
It started with, you know, Bitcoin and you had a lot of copies of Bitcoin.
But those blockchains, the concept was, OK, I have a single coin and I have this introduction of crypto, you know, cryptography so that it can be more secure.
We can we have a blockchain so we can watch all these transactions, but and, you know, and have a ledger.
But everything around it was around one coin. There wasn't any more development beyond that.
So that was the aspect of blockchain in the world.
And there were tons and tons of copies. You've seen many of them resurface every time there's a bull market.
But in Ethereum, we all thought that, you know, the blockchain had so many more potential use cases for our life.
Ethereum was the one that introduced a blockchain where you could actually program in what is called smart contracts.
You can program anything onto a blockchain so you can take like you could say, hey, I want to decentralize my mortgage or other really interesting parts of the life.
You could do that now in code. One of the things that you could do is just like every other, you know, just like a typical blockchain from before, you could create another coin.
And so and of course, that was the most and one of the most appealing aspects because it was what we were familiar with.
So the problem is when you have all these different ways of creating contracts for coins, if you want an ecosystem to build upon it, you need some standards.
And so Vitalik and team were looking at ways in which you could build standards so that, you know, Coinbase, Uniswap, all of these companies that didn't really exist back then, when they do eventually exist, they can quit.
Even CoinEx itself, they can say, OK, I can rely on these sets of functions so that my application can work and I can read any future coin that could ever exist and know exactly what to expect.
I know that there's a transfer function. I know that there's a balance of function X, Y, Z.
So anyway, that is the standard that we call ERC-20 today.
And Mistcoin was deployed in 2015, 16 days before that standard was published by somebody named Fabian Vogelsteller, who was a lead engineer on the Ethereum team and the lead engineer or one of the lead engineers for what was called back then the Ethereum wallet, which was on something called the Mist browser.
All run by Ethereum. And all of it is open source. The GitHub pages are all available if anybody's interested.
And then after they deployed Mistcoin, basically what they were trying to do is they were trying to test the standard. So they tested it on November 3rd, like Vivian said.
And then 16 days later, Fabian himself, the deployer of Mistcoin and Vitalik published the ERC-20 proposal.
So that's a Mistcoin in a nutshell.
Yeah, definitely. Thank you for the extra added information and I'm sure there are lots more to ask to it for the questions that I'll be asking.
And don't forget also for Mistcoin, you guys can also join as a co-host. So you'll also be able to obtain the recordings of today's AMA, by the way.
For the Mistcoin to join as a co-host. It's an option.
Oh yeah.
Yeah, you can tell the team if you wanted to, just in the background. So, you know, everything's all nice.
Sounds great. Yeah, let me ping them now.
Awesome.
Yeah.
All right.
No worries.
All right.
I'm just going to, while you're doing that, I'm going to kind of start with a little bit of intro on the general questions, the current status, community and ecosystem and some future development questions.
And then afterwards, if we have, if time allows, we will have some open floor questions from the people who are actually listening to our AMA as we speak and our SNS manager will be able to post it on while I am asking the questions.
All right.
Let's start with our first general questions.
If you're ready, Julian.
Yep.
Go for it.
Awesome.
So, obviously, you gave us a nutshell, the little bit of back history, and we've also intro MissCoin and a bit of Ethereum after.
So, of course, what actually inspired the creation of MissCoin? How does it fit into the history of blockchain technology?
Yeah, yeah, absolutely.
So, Ethereum was launched on July 30th, 2015, the main net.
Before that, you know, there was a, there was basically a fundraising for, in which they were, Vitalik and team, the Ethereum team was selling, pre-selling Ethereum.
And so that was the, you know, you were pre-selling Ethereum for main net.
People gave them money and in return they got Ethereum when Ethereum launched on July 30th.
But even before that launch, Vitalik and the team were, and Vitalik had already hired the Miss team.
And the Miss team, the focus was how can we create technology that everybody can interact with for this new blockchain that was coming out.
This was before MetaMask existed.
ConsenSys was a company, but they hadn't built MetaMask yet.
And it was, you know, before Uniswap, before basically every centralized exchange you can think of.
Before all, basically all of the software you use today.
So, back then, you know, the team was like, okay, great, we have this blockchain that's going to change, revolutionize the industry, but how are people going to interact with it?
And that's what the Miss browser was.
It was a technology for everyone.
They were really trying to visualize all the future possible ways in which people are going to use blockchain on an everyday basis.
And so it was called the Miss browser, also referred to as the Ethereum wallet.
One of those, you know, as the team thought about, like I'd mentioned before, they thought about all of the ways in which these smart contracts were going to be used.
They knew that the most important ones or the most prevalent ones needed standards in order for other technology to be able to build upon them, for them really to be adopted.
And the one that was most perhaps obvious was creating more coins.
Now, I don't think that back then they thought, oh, everybody's going to want meme coins.
I don't think they thought, well, everyone's going to want, you know, to create a coin for what, you know, politics or whatever else comes out.
You know, I think what they were thinking is, okay, there's a financial system.
And for blockchain technology to replace bonds and assets and securities, they were thinking of a future in which companies might have their own coins, decentralized coins in replacement of their current stocks.
And in order for that to really work in a regulated basis, we're going to need some standards.
And so, you know, the team as one of the many things, you know, someone just quickly to note some of the other things the Miss team was part of was DAOs itself.
The concept of DAOs were tested on the MIS browser, the concept of ENS, that one of the lead, the director of MIS browsers, one of the co-founders of ENS, and many other things were also tested on there.
But on November 3rd, 2015, the team deployed a feature on the MIS browser to let anybody using the Ethereum wallet create custom tokens.
So you simply, before you would have to have, you know, run your own chain locally, and then you'd have to use the, you know, the terminal to run or whatever, you know, whatever operating system you use.
You'd have to deploy your own code just through bash scripts.
And that's, you know, not everybody had those skills.
And so the MIS browser allowed you to do it just by clicking a button in a graphical user interface.
So that was a pretty much a game changer.
MistCoin was the first one that the team deployed as the test for making it right as they released it.
So the cool thing about MistCoin is, and the reason why we call it the first standard, is because it's the first coin in blockchain history that has hundreds of copies of its exact bytecode.
Bytecode is basically a compiled, I'm using more technical words, but it's a compiled set, like hash of the functions that are created within a contract.
And then you could, you know, if anybody here is seen on Etherscan, you can look at a contract, which is, you know, just an address that is a smart contract.
If it's verified, you can see a little check mark next to the word code there.
And then you can actually see the code.
But if it's not, you can only see the binary.
So they kind of way to hide it unless it's verified.
But anyway, the binary is really what makes up, that's an easy way to check if two contracts are the same.
MistCoin has hundreds of copies of its exact binary because of this graphical user interface that was proof that this standard had value, that people wanted to do this.
That making coins this way and almost, you know, it's kind of similar to pump.fun, if you will, without the whole bonding curve and everything.
That was, that was the first proof.
And so November 3rd, I mentioned was when this happened.
So November 16th was when Vitalik and the same person, Fabian, published ERC-20, proving sort of, you know, publishing this new standard that everybody uses today.
Awesome.
Thank you very much once again for the thorough answer.
And of course, like, yeah, at that time, everyone want to do something and prove something instead of the meme coins that they are created today.
Obviously, meme coins are fun and interesting and obviously they represent a lot of personalities.
But of course, at that time, it probably meant a lot of things, a lot for when they were kind of, you know, deploying things on the blockchain.
And like you said, even verifying on each scan now.
Thank you, Julian.
And also, can you kind of, I think you've answered the second question a bit.
Let's see, what kind of details did you think of when I'm asking you this question?
Can you explain the significance of MixedCoin as the prototype for ERC-20 tokens, please?
Yeah, yeah, absolutely.
Yeah, so everything that's created, of course, has to have an origin.
It has to have, you know, it depends on, you know, your software development practices.
But in this case, you know, it's sort of agile development where they wanted to, before they really went out and said, this is what we're going to go with.
This is the official standard. They wanted to be able to test it.
And so, MissedCoin is sort of a representation of the first successful test, the first MVP for ERC-20 for every single token that has been deployed since.
That is, in any shape or form tradable on any blockchain.
Every blockchain uses or benefits from ERC-20 and has forked it in some means.
And so, if you think back to every single coin that's out there, it all is there because MissedCoin exists today, because MissedCoin, because that feature was deployed, because MissedCoin was the first, and because it was successful.
It was so very quickly successful, you know, the 16 days was enough for the team to say, let's move forward with it.
Yeah, definitely. That's definitely, you know, being the first one that works is always a milestone for ERC-20, especially for MissedCoin too.
And how, and then, how did MissedCoin influence the development of ERC-20 afterwards, after its success, after its first try, after 16 minutes, all right, let's go.
Other than this part, can any other, like, aspects that MissedCoin has actually influenced in development afterwards?
Does it have to be the same codes that after, you know, behind MissedCoin or what kind of other aspects for it?
Yeah, yeah. So it's, it's, so MissedCoin itself didn't necessarily, you know, so, so Fabian and Alex van de Sando, those two that you had mentioned earlier,
they were the lead developers of MissedCoin. They were also the, they each split half of MissedCoin when it started.
I mean, we're essentially giving it out to folks to test around with and to hold as a historic, you know, historically valuable.
Eventually, what they thought was going to be a historically valuable coin.
But MissedCoin itself was, you know, just sort of a representation of this future of ERC-20.
In fact, an actual, it actually didn't even have two of the functions that eventually were published in the ERC-20 standard.
But what it represents, the value that it, you know, it has provided is, is clear in sort of its blockchain history.
And in the sense that it's actually, I believe it's the only coin in blockchain history that has had a single transaction on its contract, at least one every single year since 2015.
Of course, 20, you know, there's very few contracts that have had interactions in, even in the year of 2015, there's only a few thousand, but then it's the only one that's continued to have a transaction ever since.
And so that, that's sort of kind of a cool little tidbit, but, but what it shows that it's never sort of, that, that initial test has never sort of diminished or gone away in, in, in prevalence.
But, you know, I would say to answer your question, outside of the fact that MISCOIN was that first initial test and, and has been sort of, and, and the fact that it was deployed by the Ethereum team itself.
It hasn't continued to have until maybe we, we all revived it and had brought it into the forefront.
It hasn't continued to have, you know, an impact on ERC-20 itself.
It sort of was the reason why ERC-20 was published.
And that's, that's, that's, that's probably, that's probably the most compelling answer I could, one could have, one could want to have for it.
Indeed, indeed.
It has marked its milestone for ERC-20 and for all the other, you know, projects and tokens afterwards as well.
All right.
And then kind of last bit on the general questions then, please.
So what kind of technical differences between MISCOIN and a wrapped MISCOIN?
And why has it been necessary to wrap MISCOIN, may I ask?
Yeah.
Yeah.
Great question.
So, so MISCOIN and the hundreds of tokens that I had mentioned before, they have, that were like copies of MISCOIN, exact copies.
They, they don't have a balance of function and approval functions.
So there are a few functions that, you know, 16 days later when they decided to, to publish the ERC-20 that they included in the standard.
And those functions are necessary.
So like I had mentioned before, all of these programs were going to, when you create these standards, they're going to build upon that code and expect certain functions to exist.
I think, sorry, I said balance up, but I think it's total supply is the one that's, that's not there.
But with, without those functions, it wouldn't trade properly in today's world.
And so what you, what we did was we created a wrapper, which is basically just another contract that has all of those functions.
And, you know, anybody can go see the code.
It's all, you know, verified in public.
And what it allows people to do who own the original MISCOIN is wrap it and unwrap it.
So wrap it, meaning move it over to this new contract and make it tradable.
And at any point, anyone who owns the wrapped version can unwrap it back to the original should they ever want to.
And so it's really just a mechanism to do two things, to, to move it back and forth and then to be able to make it tradable.
Given the most recent ERC standard, 20 standards.
Nice. Thank you.
So kind of got a brief understanding of the wrapped and unwrapped way of MISCOIN.
Thank you very much.
And then I want to see the kind of the current status of it now.
So what are the current market dynamics for the wrapped MISCOIN WMC?
And how do you see its performance evolving in the near future?
Yeah.
What's your prediction?
Sounds great.
Yeah.
So I think, you know, one of the, one of the key market dynamics is, is the, the distribution itself, the supply.
Um, so MISCOIN only has 1 million tokens ever created, um, because of its historic, you know, the, the fact that it was handed out in 2015, it was created in 2015.
Very few other tokens were a lot of the wallets, and this is all, you know, publicly visible, publicly visible on the original contract.
A lot of the wallets are, that own MISCOIN are, are fairly old, um, or, uh, you know, haven't had any, um, any transactions since 2015 or 2016.
And, um, because of that, you know, there's, there is definitely some that are lost in time.
Similar to how, you know, in Bitcoin, you, you hear stories about people losing their wallet in dumpsters and they're like, ah, how do I, it's worth $2,280 million now.
How do I get it out?
Um, it's somewhat similar here.
Uh, it's, you know, and there, there's people who hold, there's one person who holds, for example, 98,000 MISCOIN, which is almost 10% of the supply.
And he apparently, uh, when, when it was originally wrapped and started trading, he apparently came into, uh, one of the discords and was like, Hey everybody, I used to have this wallet.
I completely lost it.
I never even, I don't, I don't have the codes, but, uh, it has 98,000.
And everybody was like, Oh, so 10% of the supply is now burnt essentially.
Oh God.
Yeah.
So, you know, I imagine right now it's, it would be the equivalent of somebody complaining about that.
If when Bitcoin was at like a dollar.
Um, but imagine, you know, talking about the future of MISCOIN, hopefully, you know, I think it will go.
Um, and I'll explain why I, you know, maybe that person's going to really regret it.
Uh, yeah.
Oh gosh.
Please go on.
Yeah.
So, so in terms, so that's one of them, the, the supply, um, you know, in the store,
you know, in the historical aspect of, of the fact that there's a loss supply and less,
basically less to go around.
It's a huge part of it.
Um, another market dynamic that I would, I would point out is just the fact, you know,
the historical problems, the fact that you're not really going to find another coin that was deployed.
There's only actually to give you the numbers.
There's only two outside of Ethereum itself, which is of course not a smart contract.
There's only two coins that, um, were deployed by Ethereum team.
One is MissCoin and the other is this one called Unicorns, which was, uh, it's just a very small,
there's only like 2,000 of them, uh, was, was actually deployed by one of the same founders
of MissCoin.
But, um, it was deployed simply at one point, Ethereum was asking for tips and they, anybody
who gave to Ethereum or more got Unicorns, uh, as a thank you, um, a wealth in 2016.
And, uh, and anyway, you can't trade it.
There's only 2,000.
So that, what that brings us to is MissCoin is the only one that you can actually buy
that's deployed by Ethereum and of course we talked about it, about what it means and,
and how it's, um, you know, sort of the origin of every, every standard coin in blockchain
history, which is by far virtually, virtually every single coin.
Um, so that's, that's, that's a bit of, um, what, what we need to, what we need to help
people understand in order for MissCoin to get to where I think it will get to, um, which
is, um, you know, there, I don't know the exact numbers, but there, there are probably, um,
I'm going to guess about a thousand or more coins that are above, you know, a 500 million
market cap, maybe, maybe less, give a ballpark.
But if every single coin is, um, is just a, essentially a fork of MissCoin, um, and MissCoin
itself is trading at like a 4 million market cap.
It seems kind of wild, um, that, you know, it's, it's so inherent, it's so low.
I think MissCoin itself, if I were to sort of value, I think everybody should have their
own value based on its history and based on what it means.
Uh, for me, I think there's no reason why MissCoin is not trading at the very least below
a hundred million dollars market cap.
I mean, it's just absurd for it not to, and then I think it, when it gets to a hundred
million, I think that the point is, it's really goes down to what it means to everybody else.
So you take like crypto punks and all of these that have, you know, some aspect of being first,
or even if they're right or wrong, um, they're somewhat accepted as the first, um, in, in some
regard.
And they're trading at a much higher market cap than that because more people have come in
and said, Oh, I want to, I want that.
I need to own that.
And I think, you know, one of our slogans that we have internally is one WMC equals one ETH.
Um, and the idea there is that MissCoin itself is so centrally connected to Ethereum.
It's, it's, you know, such as we talked about, such a core tenant in Ethereum's history.
There's no reason why the MissCoin price shouldn't essentially be pegged to the Ethereum price.
And so we don't think it's so farfetched to think that MissCoin could get to 4,000, 3,000,
4,000 per coin.
Yeah.
Ooh, nice.
All right.
I like that kind of vision as well for the, for WMC as well.
So let's, let's, let's see, let's see what the future brings.
And then what kind of measures are being taken to increase the adoption of MissCoin and wrapped
MissCoin in the cryptocurrency market then?
What, what is it that you're going to be doing to match that, match that vision?
Yeah.
So we have, um, we have a team fund that a safe that we've created, um, with our small
team that's been, uh, generously funded by, um, those, those founders of the, of the coin
back in the day.
Um, and they're continuing to help us.
We, we have, you know, continued conversations with them or in chats with them.
Um, so, so far we, we have a decent amount of MissCoin, um, nothing, nothing game changing,
but, um, we're, our plan is to use it, um, to, uh, you know, sort of get the word out.
Um, of course we've used some to, to get us listed on, on exchanges like CoinX.
Um, we may continue some expansion of, of, um, of listings in the future.
But the, the, what we're really trying to do is use it to make sure that we can help.
Everybody else understand what we talked about today to understand where MissCoin is in,
in blockchain history and why it's such an important coin and why it's the origin of
every coin out there.
Um, and in doing that, we think that's, that's really the most value we can leave for it
because it should sell itself.
Um, and so helping understand that is a, is a core tenant.
Now, how we go about it is, is the interesting part.
So right now we're making, we're putting together an effort to make, uh, tons of video series
and con different types of content, um, to help drive that point home.
Um, so we put out one video, we're going to put out 30 more.
If that works, we're going to keep, keep that up.
We're going to expand on different social platforms.
So beyond just X, we're going to be posting on YouTube and TikTok and others.
Um, and that way we can sort of grab a larger audience, um, and really spread the word, if
you will, of, of MissCoin itself.
All right.
So social media is where you're going to be starting to kind of increase that awareness
and education, right?
Yep.
That's right.
We're, we're also entertaining some potential, uh, things we could build around, um, adding
some sort of utility or staking or whatnot to the program.
Um, so we're, we're going to continue that.
We just don't want to move away from the historical aspect of the coin itself and why, why people
should invest it in.
Um, and, um, want to make sure that that's first and foremost, uh, the reason for, for
anybody who comes in.
Um, sorry, I lost your, I lost you after, uh, become.
Oh, sorry.
Yeah.
We just want to make sure that, you know, whatever it is that we do from a utility standpoint,
if we do anything, we want to make sure that, that the history itself is the reason why
people invest in MissCoin and not necessarily just because they want some utility for something.
Hmm.
Of course.
All right.
So do check out, uh, MissCoin's, you know, their, uh, materials on, uh, their video materials
to learn and educate about them guys to know about them more.
And they probably be expanding on different social media.
All right.
So kind of talking about social media, the community side of the matter.
So I want to know a bit more on the community and the ecosystem side, how does like MissCoin
engage with this community to ensure their feedback is actually incorporated with your,
with, or the MissCoin's future, uh, developments.
Yeah.
Great question.
So I, I, our most active, um, social media sort of, uh, accounts, a community account is
in telegram.
So I invite everybody to join telegram.
Um, there, you can ask any question.
Um, you know, the team's always there.
There's probably.
You know, six or seven folks that are in there listening and answering all the time.
You can ask any questions.
Um, and you can give feedback and, and, you know, plenty do, uh, when they say, you know,
just recently somebody was saying, Hey, why don't, why don't we have utility?
Why don't we make a meme out of this and get Vitalik's attention?
Um, you know, and so we, we talked about it and we chatted.
Um, and so that, that would be the best sort of approach.
Um, of course, another approach is to, you know, simply, um, respond to any of our tweets.
Um, but, but I'd say the best, more collaborative, most collaborative approach is to just chat,
chat over in, in our telegram.
Yeah.
All right.
Okay.
So feel free to check out their telegram.
Um, if you have a link, uh, Julian, you can feel free to post it on our, um, our, uh, posts
as well.
If you, if you wanted to after, uh, to share with the community after that's not a problem.
Okay, great.
Yeah.
And what kind of role does the, uh, community governance play in the decision-making process
for Miss coin?
Like how do you guys also listen out to them just to make sure, Oh, actually this, they,
they come as a, uh, kind of a decision-making role.
Does that come into play in, uh, for Miss coin?
Yeah.
Yeah.
So, you know, going back to the, to the first, first thing I said, you know, what's interesting
about Miss coin is, um, there, there kind of is no, I mean, there is, and there isn't
a team.
Um, and I say that because all of the few folks that are on this quote unquote team and are in
contact with the original founders, we're all holders that just bought the coin ourselves,
because this isn't, this isn't a coin that, um, that was just created and sold off to different
people, you know, or handed out to different people just so they could promote or market
this coin.
This is of course a coin that was created, uh, nearly 10 years ago, um, and has been distributed
and therefore there isn't, you know, a single source to sort of pump this coin or to figure
it out, uh, you know, to, to strategize around that.
So, so we're all actually, you know, just community members.
Um, and then because of that, we're, um, we're not really steadfast in our ideas.
We're not like our ideas are the best.
Um, and, um, and so that's why we definitely invite everybody to, to join, um, to join the
telegram, provide feedback.
We've had, we've, you know, we've had members who've created a bunch of the content that we
share all the stickers.
Um, and then, you know, if just quickly sort of clearly spent their time creating content.
So we just sort of gave them, made them moderators or added them to different groups to, you know,
a few of them have become delegates on the Twitter account to help promote things.
So they would become sort of quote unquote raiders where they post on their, their own accounts.
And then, um, then they get everybody to come together to, uh, on our telegram to go post
and reply and whatnot.
Um, so all of these are just, they're just every other investor who comes in and says,
Hey, I want to do something for this coin.
Um, another, another good point, uh, is just recently we were having, we were, we were having
a discussion with somebody about, you know, what we could do for the coin.
Um, you know, there was a lot of this sort of talk of, uh, you know, serve ideas of, Hey,
this is, this is what I think you should do.
We should add utility, even if they were vague.
They were vague.
And our answer was, you know, honestly, another, another thing is anybody's welcome to build
anything.
If somebody wants to build some utility and we, what we have as this community led team
is some funds that we could put towards ideas.
So if there is, um, somebody who wants to do a staking program, for example, we can, we
can support it with that fund if, if the community agrees to do it.
So what we've done in the past is we create a vote.
Um, you know, in the, for example, in the past we said, Hey, does everybody think we
should sell a little bit of Miss coin to pay for coin market cap?
Uh, and then, and then, you know, we, they voted and then we, we paid for it.
So anyway, it's, it's very, very much community first.
Uh, it's, it's sort of led by communities and I think it will stay that way.
Just given, given the nature of that, we're not really the deployers of the coin in 2015.
We're just investors like everybody else who just happened to love, love blockchain history
and where Miss coin is.
Nice, nice, nice, nice.
Yeah.
This seems like, you know, the community has, has a pretty key role to play on the decision-making
side for Miss coin.
Amazing.
And how does Miss coin plan to scale and maintain the performance of its user base, as, as the,
its user base growth.
And of course you have big plans for Miss coin.
So yeah, you definitely have something to, to, to, to scale and maintain that, uh, increase
in scale.
Right.
Yeah.
Yeah.
So I think, I think that, you know, the one Miss coin itself that it's, it's really a,
uh, a question of how can we get the word out?
Uh, it's as we talked about, it's so low right now that, um, it's almost laughably low as the
first coin ever, uh, that, you know, the origin of all these other coins.
I shouldn't say the first coin ever the first standard coin.
Um, there, there were coins before Miss coin.
They just weren't, it was just, you know, people messing around, um, trying to, um, trying
to come up with what, what coin code should look like or might look like.
Um, but there weren't that many developers, but anyway, the first standard, uh, you know,
it's so low that for, for us, it's really, we're at a, we're at the stage in our cycle
of just get helping others understand what, what Miss coin is.
Now we think once we get to a point at which, you know, let's say we're, we're like stable
at around 50 million, um, it's going to attract a lot more people.
And at that point, the question might change from, um, or, or the strategy might change
from just purely getting the word out there because we're going to have all of these network
effects.
Global effects of, you know, big accounts coming in, talking about it saying, well,
look, look at what this is.
I can demonstrate it on the blockchain.
Um, it's, it is what they say it is, blah, blah, blah.
Then we might shift our strategies to what can we build?
And so some ideas that we've tossed around in the past is maybe we, um, so this, this year,
for example, is the 10th year anniversary of, of Ethereum.
Uh, on July 30th, 2015, uh, 2015 was when main net deployed.
So 2025 is when, uh, you know, Vitalik and the entire team are going to be very loudly.
I would imagine celebrating 10 year anniversary, but it's also the 10 year anniversary for Miss
coin, um, which will be on November 3rd.
Um, and, and as we talked about the miss team was very important in the early, um, you know,
20, 2014 to 2017 days of, of Ethereum.
And so I think there's going to be a lot of talk about missed itself, not necessarily missed coin by the team,
because Miss Quinn was a, you know, sort of a small piece in the larger missed, missed teams efforts,
but the missed itself is going to be out there.
And so I think this is a great opportunity for us to then take that, um, you know,
stable 50 million market cap and really move it forward.
Uh, transcend it.
Some things that we're talking about potentially are rebuilding the miss browser itself.
Um, and making it sort of a fun way to sort of have a time capsule back in time to, to, to interact with what people interacted with.
And also, um, sort of call out miss coin and, and tell people where miss coin fits in it, but visually it's something that they can touch and feel.
Absolutely.
Absolutely.
Absolutely.
Um, I think, uh, at the same time, it's, it's quite amazing.
Uh, you know, like it's just such a, like such an OG, an OG coin and, um, and it is going to his 10th anniversary.
And this actually itself, it's such a great milestone for any kind of projects out there.
Um, you know, 10th year is actually really, really long time.
So definitely do look forward to what, um, what else is kind of coming for miss coin.
So I kind of want to look into the future developments of, and what your plans are going to be like and things like that as well.
So what kind of upcoming features and our enhancements for that can use is able to expect from miss coin ecosystem in 2025 or, um, for this, you know, 10th anniversary.
Yeah.
So I think, so that's definitely the, the, the idea of, of recreating miss the missed browser is definitely on our minds.
Um, that's, it's not something we've, we've fully decided we're going to do yet, but we actually don't even know if, you know, maybe that's something in our head is maybe that's in the plans of, of, uh, Vitalik for the Ethereum 10 year anniversary as well, which, which could be great.
Um, but, you know, but we certainly, regardless, we, we plan on taking advantage of, of any sort of top of the missed, the missed browser and the history, um, this year.
Um, but, um, but yeah, so outside of that, I think what we, what we have planned in terms of development, um, is really making use of the, the funds that we have in our safe to, to augment miss coin.
Like I mentioned, we're sort of in this stage right now where we want, we need to shout off, off the, the rooftops and off the mouth and thoughts to sit, to let people know what missed going is.
Uh, until we think we'll get to that sort of stable 50 million, um, range.
And then once we're, once we're there, and if anybody looks at the chart, you'll see, we kind of got there about, you know, nearly got there twice, but it wasn't exactly stable.
So we need to get there.
We need to, when we do get there, we need to establish, you know, better, uh, liquidity that's locked around that area.
So more higher liquidity, so there's less volatility and we can establish a nice base.
Um, and then from there, I think that's when the strategy changes to, um, to sort of focus on, you know, building technology perhaps, or, or other sorts of, um, other sorts of fun ways to, to, to push the coin in a way that doesn't take away from the history itself in a way that doesn't sort of let people forget that it's, it is what it is.
You know, I think I see, I, I see a lot of coins these days who, you know, they, they create an AI aspect, you know, or, or, or a, uh, some sort of utility that, that everyone hyper focuses on.
Um, and then when that utility inherently doesn't meet the, the expectations, you know, they don't get what they want out of it, or suddenly the price falls a ton of it.
And then everyone says, well, this is terrible, this sucks.
And they leave.
And, and the one thing that they certainly cannot change and nobody can change is the fact that this is the origin of, you know, virtually every coin out there.
And so that I need, I want to be the focus because that is not something that can, can be debated.
Of course, of course, and all the best of reaching the goal, the 50 million goal.
Um, it, it was near before, um, and I'm sure it'll be easily exceeded after.
Agree.
Agree.
All right.
And also, um, I probably, you've also, you know, briefly just mentioned it, um, are there any plans to expand beyond Ethereum?
Um, and other kind of interoperability with other blockchains?
Would you guys be kind of working on that or would you kind of just focus on Ethereum a little bit more?
Yeah.
Yeah.
So we, I, I think that's a good, good point.
We currently have a bridge to base.
And so I think naturally it makes sense to, in my opinion,
to stay at least for now within the Ethereum ecosystem
because we, of course, are, you know,
MISCOIN itself is, of course,
such a historical Ethereum coin.
But that said, because ERC20 itself
is adopted on all other blockchains,
you know, Binance coin is just a fork of ERC20.
You know, Solana is, of course, different,
but, you know, in and of itself,
it wouldn't have even,
the blockchains itself probably wouldn't have even been created
if there wasn't a successful coin market out there
that was based off of ERC20
for it to, you know, expect the sort of casino results
that you've seen here
that's all based around standard coins.
And so, you know,
I think we certainly will look to expand
into other L2s first.
And right now, yeah, we've had a decent volume on base.
Our next step on base is to add
some locked liquidity over there
and some more liquidity to make it more stable.
There's not a ton of liquidity on base at the moment,
but we do have that.
And I think once we can prove that that's going to add
substantial volume,
then that makes sense for us to sort of expand to other L2s.
And what's the kind of mark that you think
it's ready for another L2?
What's your prediction on that?
So, what we'll watch...
Right now, it's not a great test
because we don't have liquidity there.
But once we add liquidity
and we can add double-sided liquidity,
then that will be sort of the starting point of that test
to say, okay, does this really add actual volume?
You know, does the fact that people can trade
and miss going at a lower transaction cost?
We'll be watching the 24-hour weekly, monthly volume.
Then we can figure out, okay,
if this really helps the project,
let's look to other, you know,
top L2s and see where we might want to do the same thing.
All right, okay.
Thank you very much, Julian.
That's all the questions that we have
from kind of like CoinEx side of point of view
and, you know, for our CoinEx community as well.
So, we do have some open floor questions
from the listeners here.
And if you think it's okay, you can answer.
And then if you think, oh, it's not that,
then please just let us know
and then we'll go for the next questions.
All right.
And we are choosing the one from GuruCrypto underscore Win.
It says, I would love to believe
that your project has the ability
to complete today's market,
but the reality there might be a bit more,
a lot of similarities in the technology
used in Ethereum network.
What are the main advantages of your project
compared to other similar projects in the market
and the competitive advantages of your project
that makes your project the best choice?
It's kind of like, what's so different about you and others?
Yeah, good question.
Hopefully, whoever asked that is listening.
Yeah, you know.
Yep.
GuruCrypto underscore Win.
Great, great.
Yeah, so, I mean, what, you're right.
I think the fact that there are similar projects,
by similar we mean,
and I would have to point out
that it would have to mean
there are other coins out there
that are similar in code.
That is inherently why
MISCoin separates itself from all others.
So MISCoin
was deployed as the test
to what became
the ERC's 20th center,
the reason why every single one
of these other coins exists
that you're thinking of.
So the fact that there are similarities
is the reason
that it's so unique and different.
And I know that that sounds like a funny dichotomy,
but when you have a coin
that is the origin of every other coin
that you can think of,
it is so special.
And so, you know,
in terms of it being similar is,
yes, that's in some ways true,
but in every other way it's different
because no other coin
will ever be able to
have that historical significance.
There's no other coin
that can go back in time
and be deployed by the Ethereum team itself
to test a standard
that doesn't yet exist
that's going to sort of transcend
the entire financial system
around the world
and blockchain technology.
And that is MISCoin.
Hopefully, hopefully that was all of us.
Yeah, of course.
Thank you very much.
Thank you for the answer.
And of course,
hopefully Guru Crypto underscore win.
Also, here's that question as well.
And here's the answer as well.
And then there is one from Peace in Crypto.
How has MISCoin's early assistance
shaped the DeFi landscape?
Oh, that's a different landscape to me,
particularly regarding
interoperability between the legacy tokens
and the modern decentralized exchanges
like Uniswap.
Oh, that's an interesting point of view.
Yeah, no, good question.
So as I mentioned early in the beginning,
so before Ethereum,
there was there,
you know,
as I believe you're talking about
as legacy tokens,
there were blockchains
like Bitcoin,
you know,
started with Bitcoin
and then there were
there were hundreds,
hundreds of others.
You know,
you hear them today
like Bell's Coin,
which is certain
this was apparently,
you know,
forked and restarted,
you know,
as a new chain.
And then there were
there were a bunch of others.
All the all these coins,
Doge and whatever,
they're all blockchains
that are centered around a coin.
Ethereum itself
also is centered around a coin
in the sense that there's Ether,
but it introduces
smart contracts
and the ability to program
with the ability to program
came things like DeFi.
Things,
you know,
there's I should say that there are
there's DeFi
for Bitcoin,
of course,
you know,
you can stake your Bitcoin
and you can earn
you know,
in some other currency.
But what you earn
in those other currencies
is thanks to Ethereum
and to smart contracts
and to ERC-20
and I'll talk about that
in a second.
going back to Ethereum,
introduce smart contracts
and introduce the ability
to program
on blockchains
and create the world
that you wanted to see
in a decentralized manner.
now ERC-20
is having this standard.
If you were writing
a program
today
or if you were writing
a program,
you know,
back then
you would need
and you wanted
let's say the program
was Uniswap
and you wanted to say,
okay,
I want
I want to create something
to allow
people to create
liquidity pools
for coins
start trading
their coins.
You could only do that
if all of the coins
themselves
had similar functions
that when you're
writing your program
you could call upon.
Of course,
there's other ways
to do it
but you'd have to know
exactly what every new coin
that comes in.
Did they call their
transfer function
transfer
or did they call it
send a coin
or did they call it
you know,
send this coin
to Valhalla
whatever it is
that they call
the method
and what happens
in that method
what does that method
return?
Does it return
a Boolean?
Does it return
an amount?
Does it
have some functionality?
All of that
is important
if you're creating
a program
like Uniswap
or even MetaMask
to say
to say,
hey,
I can rely
on the future
of all of these coins
working for my
because if it only
works for one coin
it's not worth
your time
in building
software like Uniswap
because you'd have
to spend
exorbitant amounts
of time
building everybody's
different coin
and you wouldn't
actually make
a return
on your investment.
So ERC-20
you could say
as well as
smart contracts
enabled
DeFi
and so
because
ERC-20
is such
a core tenant
and the ability
to have DeFi
in of itself
you know
when you
and I talked
about Bitcoin
a second ago
what you might
get in return
is US dollar
token
for waiting
which is an
ERC-20
tether
and others
that exists
because this
ERC-20 standard
exists
and that
ERC-20 standard
exists
because
MISCOIN exists.
Nice.
Thank you very much
Julian
for the
answer as well
peace in crypto
hopefully
hopefully
you've also
received
your answer
thank you
very much
Julian
all right
I am gonna
wrap up here
so Julian
do you have
like final
words to
kind of
close the show
for the
guest here
and yeah
and the
listeners
over here
yeah
absolutely
thank you
all for
for listening
today
you know
one thing
I encourage
you all
to do
you know
some of
this
might be
overwhelming
some
some of
what I
talked about
might seem
really technical
in those
that are
technical
themselves
they might
okay
well
I don't
know if
I believe
that
that seems
so crazy
and I get
all of
those reactions
and so
what I
really
you know
recommend
that you
all do
go to
go to
the website
go to
misscoinef.com
we put
together
sort of
an amalgamation
of all
of the
history
that
the most
important
history
that we
could come
up with
everything
has source
links
you can
think about
it as
wikipedia
page
go through
it all
and so
there's
links to
etherscan
we sort
of point
to where
everything
exists
you know
I didn't
even
mention
today
Vivian
you mentioned
in the
beginning
that there's
a doge
where
vitalik
is on
like
some of
these
really cool
tidbits
are so
awesome
so basically
what that
is just
in a quick
nutshell
is right
after they
deployed
mist
coin
or soon
after
it was a
little bit
after
alex
deployed
a dow
on the
mist
browser
and included
vitalik
has two
votes
all these
other
have
different
votes
but the
point of
the dow
was to
fund
whomever
wanted to
make
a bridge
between
doge
blockchain
and ethereum
at the
time that
didn't
exist
and so
that's the
reason why
there even
at the
time
it's
changed
since
but that
created
the bridge
between
doge
ethereum
you could
then do
wrapped
doge
back then
all because
of this
and in
the dow
there's
50,000
mist
going
which is
about
of the
supply
so just
really cool
little
historical
tidbits
all these
things are
on the
blockchain
go take
time
look into
them
read it
internalize
it for
yourself
ultimately
I'm glad
that you
all are
here
and that
you now
know a
little bit
about
MISCOIN
and how
insane
that it
definitely
definitely
it's
very interesting
when I was
also doing
a bit of
research
on MISCOIN
obviously
because
of the
as well
and because
you know
our BD
team were
pretty excited
to kind
of get
you guys
on an AMA
because it's
very very
difficult to
plan on the
schedule now
recently
especially we
have like
holidays and
things like
that
and I was
yeah
and I was
really like
oh that's
interesting
oh that's
nice
so I had
a bit of
fun time
of reading
the Wikipedia
page of
MISCOIN
as well
myself
so thank
you very
much for
the intro
and also
you know
the suggestion
for our
community
as well
all right
and thank
you for
your nice
little snippets
I appreciate
the time
and for
everyone's
time as
well
so yeah
have a
great
you know
days
great week
ahead of
you guys
and do
check out
MISCOIN
and do
have you
know
check out
what they've
got in the
future
and what
they're going
to be
doing
as well
to reach
that 50
million mark
point
all right
thank you
very much
for your
time
Julian
and have
a great
you know
great week
ahead
and I
shall talk
to you guys
soon
thank you
thank you
cheers
and don't
forget the
award
for the
best
questions
as well
so don't
forget
contact
social media
manager
thank you
very much
