Non-Custodial Crypto Swaps… How Does @RichQuack Change the Industry?

Recorded: May 30, 2023 Duration: 0:52:40

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Hello everyone. Hey Iran. How are you guys? How's the day? Perfect. How are you?
Cool, how is Canada? Summer is here, it's hot. It's not so often that it's... What does mean hot for you in Canada? It's like 15 degrees Celsius? It was a good joke, yeah, but today it's like 20-80, you know? Yeah, cool.
Bart are you here? Can you unmute your mic? Yes I'm here. Hope you can hear me louder, Claire. Yeah, the vision is perfect. Good. So yeah, where are you, Bas? I'm hiding in Quackland somewhere in Sk...
Bush is in Scandinavia. Do I need visa to go in Cochland? Not really, just holding some quack will do. Open service work? No, because I'm going to Norway like in today's. Oh, okay. Yeah, well lovely place of course. It's close where I
I live not my home country but I have visited there a lot so the nature is really something special if you have time to go around. Looking forward to it. Yeah. Yeah, I think the weather is similar to Canada where Pavell lives.
Oh yes, well the scenery of course Canada has some similar kind of scenery as well as I have Yeah, depends depends on the region. Yeah, yeah, yes, of course. Yeah Okay, how should you call it Bart or you can call you
can call me Yani. It's easier. Yani. Okay. Got it. So Yani, what's your position in the project in the community? How should I call it? Yeah, well, first of all, thanks Satoshi and everyone for
having Rich Quack and of course me as some host from Rich Quack. I am admin in Rich Quack Telegram community. I have been there almost well since the beginning and for now I have been
hosting we have weekly kind of community armors in telegram so I have been hosting those for let's say year and a half now. Well not really but I'm the guy who
Who the dev team always throw to the fire so here I am again Expert guest. Yeah But how did you I don't know when did it be high or did you apply for a job or no actually
I was kind of I was early holder and since you probably know that Ridge Park was originally launched as meme. Purely as meme coin lots of things has happened of course after that but I was really active in the community
and I was also producing lots of memes and kind of became friendly with some parts of the devs and they just asked me that would I like to, would I have time to admit the community
Of course, there's lots of admins besides me also. But it happened so that of course it was during COVID time and I had my first child just before Ridge Quack was launched and I was actually home-based
during that time and I had had lots of let's say free time in my hand so it was a besides taking care of the baby it was a good kind of pastime duties for me so I just jumped on the
board and I'm still here. Cool. So are we still around the initial developers founders? Yes. Yes. Yeah. Yeah. The dev team is the same. And what role do they play now in the team in the project? They are more or less
developing behind the curtains. They are also active in Twitter and also they jump, let's say, weekly to telegram community as well to share and chat even a little
bit. So yeah, they are, they are, since it's a community based token, it's really nice to have also the devs participate in the community every now and then. Yeah, and how many people are involved in managing the project? I mean, we said developers,
community measures. Really hard to say. And approximation between 100, between 10 and 100, between, I don't know. There was a time when there was a day partnered with, there was like 60 days work
behind the project. I'm not sure what is the total amount this time. This is something that the Dev team only can answer. But what I do know that there's lots of work happening all the time and there's lots of stuff dropping
kind of shunish, I guess. So the devs are busy working and we as a community managers, we moral as take care of the telegram community and both
some parts of the Twitter. Yes, you mentioned that the deaths are working here. I've seen that. I mean, I took a look at what you're doing guys. You started as a meme, right? And your launch bed, you need to bait her. Yes. There's a staking, life staking, and
non-costodial exchange also the quack x is there and the latest what what we are actually waiting now is some it's no secret since it it has been already kind of out everywhere there is already
already hacken and take rate audits but the assertic audit is 99% done and the assertic audits will be as actually a self-serve ideal coming for the launch pad.
And also, there is a stake in a service coming, so they are actually building a deck to offer for other projects.
to use those. So, for example, how can I benefit from a platform? I apply with my project and I mean, what can I do to use a platform? For the launch pad, if you are planning to launch your own project,
And you have some difficulties to do so the team will help you help you to launch the project and use their kind of resources to help to put your project out. You can apply for the launch. Do you do any like checks?
on the project, did you apply? Yes, everyone can apply for the launchpad. There's actually if you go to Rich Quack DAP from Rich Quack website, there's a form that you feel like
applying form that you feel and the team will, after that team will evaluate the project and probably have some questions and so on. Do you know very criteria of evaluation? What standards should you have? No, no.
But there's actually, if you look at the questionnaire, there's quite a few questions already in the questionnaire, but other than that, once the applications go to the dev team, then I'm not sure how the process will go forward after that.
Do you prioritize any particular projects so you work with anyone who respects the condition? I guess the dev team is open for all the proposals, but of course they are the ones who will go
kind of pick the suitable project for the launch pad in the end. So everyone can have a lot of fun. Okay, this is the main energy. How many projects have been already passed through the three-year launch pad? The first project has been
launched almost a year ago already the earthling project. Since that there has been of course we all know how the market has been and also the kind of chaotic problems what we have at the moment. Lots of projects I think there's the
There is projects in line, but also some of the newer projects or smaller projects. They are more or less waiting for the market conditions to get better to launch their project. It is kind of hard to launch
So we have to just wait and see what will be the next project to launch from the launch pad. Do you currently have a schedule or just internal information?
no schedule at all. So no kind of we don't know about the next launch. Probably might be that the dev team knows already but they don't have they haven't put any info
out yet. Okay. Maybe if you can ask it on the congenital question, the first that it comes to my mind, like, why is it the Kuak? Is it the love to the duct tails cartoons or what is it? Oh, you mean that? Yeah, because this is like personally, I opened it on the website when I
I saw the quack and I see the logo and I'm like, okay, this is my childhood. I should read about it. - Yeah. Well, actually I can try to find the original kind of, let's see.
Just give me a second. So Pablo you're watching this cartoon. I guess we all were watching the cartoons. I would like to be back soon.
my child for years and be fortunate again, but no, unfortunately no. You can watch it now, you have to be a child. It's very difficult to sound feeling you know, you're at least in your attention for the person, for the people who
watch the millions of people watch it before. So yeah, you can just pause, like, like, just close the website when you see it and then it raises some feelings. As I said, at least I should read about it to get to know the project. That's it. Yeah. Well, if you look, even if you look to the website,
there's quack tails. Everyone wants to get rich quick but few are willing to do whatever it takes and it's thriving us crazy. Rich quack is a play of words a fun way for us to mock those people who do nothing
what expect lock other people's or even destiny to give them everything in life. Yeah. Who is this like a model? Where are they from? Initially. The Dev team. Yeah. It is an international team.
behind Wich Quack. There is rumors that at least some devs are from US or Canada, but other than that everything is just rumors. So they have decided
to not dox themselves, which is really common of course with meme tokens and other tokens as well. So they have their piece kind of working piece also.
And when did you launch the meme? Rich Quack? Rich Quack was launched 2/9th 2021. So we are actually 10 days away from Quack 2 years birthday.
Oh, happy birthday soon. Yes, yeah. I'm actually kind of waiting that also once the birthday is happening, there will be lots of things. Boss around Rich Quacken, probably also the dev team.
will have some surprises dropping so let's wait and see not that long. Did you prepare a big cake for everything? I think I will bake a cake for my daughter and myself once the birthday is.
But there's actually, well there's lots of bird decades already kind of troping. There was a huge, a frost wall at this huge meme coin. Let's say give away all competition.
It was 5,000 dollars for Quack Dess. There were actually quite a few projects on that one and then there's also the BSC News seed purse competition ongoing. The wind
will have ten thousand dollars I think it's day number seven so it is not too late to join in in that one too they will drop one clue daily so yeah that's something that is ongoing
the world every day and the money in the wallets right? They they tweet a clue and then you find find the kind of find the clue from BSc News website and then you mean the key and once you have all the 12
12 keys mean that you are participating for the $10,000 price. Maybe you can do something similar in the store shop.
Yeah, well, I know you have links to the dev team, so why not have chat with them and I'm sure they can or they you two you together can come up with something some kind of
Yeah, we definitely will ask them. Yeah, yeah, yeah. Actually, Rich Quack is known to be really active of doing giveaways. There's to be keep the community busy. There's daily Rich Quack
Rich Quack's own daily Twitter kind of giveaways usually two two daily and then there's also Rich Quack weekly Twitter competition for I think it's for 10 10 person and there's four
500 US dollars. So can I ask you a question? I've seen something interesting on your website. Yeah. It's for the quackenomics anti-wale feature. Yeah. No,
holds more than 1% of token supplies. Yeah, but I can just split my tokens in three or four wallets, right? Yeah, that of course is possible and also of course it is a possibility it goes for if you are wallet holder, yes that's the maximum you can
holding one wallet but then again of course Rich Quack is listed in a lot of it it goes for decks so for sex cx of course you can trade trade freely
So in those, but yeah, it also it also says what one of the features is that the people can just hold it and get their words animatically. There is no need to stick but it is since I'm you propose seeking yes, there is a staking with actually with quite good it
PR as well at the moment. If you stake and lock your tokens, to 9 months you get 28% APR. For the static rewards, of course, if you hold in trust or metamask wallet, you will automatically, for every transaction,
meaning mice and cells index all the wallet holders we will get kind of out of farm so it is 4% of course shared with with all the wallet
holders, current wallet holders, this will above 140,000 and counting. So the static reward that does not depend on the volume of trading daily volume of trading? In a way, yes, not
not the CEX trading only the DEX trading so all the transactions on DEX side, vice and sales will give you the static rewards. And hyper deflationary
You mean like a lot is burned? At the moment the burn token called is correct and it's burned from every transaction right? Yes every track every
um, takes transaction. Just a moment, uh, sure, a little bit.
But the circulating supply now is... Let's see... 57% is burned more or less and then the circulating supply is...
somewhere like 44% or a little bit more. So a sweetened 53,600 quadrule in quack. Yeah. Inside the block hole. Yes. And also every there's also manual burns burns happening every now and then
when the dev team feels it's good time to burn so actually 53.7, 782 quadrillions have been burned at the moment. Cool. So yeah let me remind the community
to give a have questions for you. They should put them in the comments section of the space. It's down on the right, the blue mark before comments. So don't hesitate to post your comments. We'll choose five questions, the best one. We'll have
chance to split their world from a space of $300 in Quack. Yeah, post your questions. Also, if you look at the tokenomics, there is some
something, also something kind of well special feature but it is something special. Also all the next boys and cells they will accumulate the pump wallet which is currently seeding at 2300
and 27.99 BNB. So there's more than 2,300 BNBs to burn in the future. And as I mentioned earlier, there is actually also the manual burns.
happening every now and then so yeah. Yeah well it is of course something that if there's a bad day in the market or whatever so you always feel better when you when you check the pump wallet
So yeah, there is quite a nice amount on top of our Horwich Quack is sitting at the moment. Yeah, before we move to the questions from Quack,
But we will have two audio questions and three text questions. We'll start with a text question, then I'll move to audio. But I have just one curiosity, just one question for you. The main coin of popular again.
did you mention also spiking users for rich Quark as well? Well, as we all know, the hype lately was largely around a cream
frog coin if I may and then there has been like millions of new coins coming around there's few like bigger ones so the hype has been more around
The newer coins and also I guess more like Ethereum based tokens. But then again, lots of talk about meme coin season, but if you go and look like the old giants, like
dog going or sheep. They are actually trading at the moment like in six months low. And also some of the BSC trends coins has been kind of sitting on the sidelines and waiting
once the super high is done and then I think it's time for those coins to run also and also of course the old giants. Just my opinion
and observation from the market at the moment. Did you mention like many users coming to Rich Quark and it's not like when is a pepper hype? Yeah I'm not sure about the numbers but yeah well hold on I'm
like the wallet holder numbers are constantly going up, but for the past month I can't really give you a number. Let's say it's well maybe for the deck holders below 1000.
but can't really give you the exact number. I'm pretty sure the number will increase after this with your space. Yeah, let's hope so. For sure. Yeah, part of the help me with some questions from the company.
So yeah, you want to read it? Yeah, I have already picked some questions. So let's see the first one from the user divine. So my question is about the rich quack. So I like what's the minimum clock talking I need to stick to get guaranteed allocations lot on the
rich quack launch pad and thus the rich quack cover all the launch pad projects between assurance. Actually I just checked the information for the past 24 hours quack has gained 125 new holders. The current wallet holders number is
140,819 as we speak. Yeah, about the question. For the allocation of the launch pad, you can stake
whatever you want so there is no limit but then let's go to the lounge pad 100 trillion if I don't remember if I remember correctly is the kind of I've noticed that
you like big numbers? It can be confusing when you start but as you get used to it it's actually pretty easy and straightforward yeah 100 billion is
is the first kind of amount that you are eligible for using the launchpad. If you go through the depth, there's kind of the more you stake the bigger allocations you have.
But that does it that does it propose the aromatic allocation is there a guarantee that the person will get its allocation No, for the first for the first ones Let me check I will tell you the correct correct numbers chose
In the second. In the meantime while you're checking, we should get used to these numbers like Codrillians and Trillians because we will be speaking about dollars in the investor terms right? With inflation. Yeah, yeah happening soon.
The Fed is watching. Yeah. Well, as mentioned, 100 billion is the first one to get kind of for the lottery. So guaranteed allocation starts from 5.5 trillion.
And then you will have a guaranteed allocation. And before that is a lottery base. So there's kind of rounds. It was with three rounds last time when the earthling project was launched.
The first round is for the big ones and then the last round is what is left from the pre-sale allocation. If you win in the lottery, you get the spot and you can buy in.
If that makes sense. Yeah, yeah, sure. There was also a second part of the question asking about the insurance, if the project, if the project's a color with insurance.
Yeah, I think the Quack team you mean like the launch project. Right. Yeah. Like for the people who invested like, are they protected somehow? Well, they are protected in
the way that of course when the project is launched, once they apply, the dev team will doxed at least part of the team.
So we're participating in the launch, but the user has the assurance that the team has been checked. Yes, yes, yes, exactly. Just towards how I was looking. Thank you. Yeah, I had your notes, so I read them before you. Yeah. Great.
Good. Yeah, let's take a voice question from the audience. Do you want to ask someone from audience? Bart, should I pick? I'll just pick someone who has hand-hand.
Okay, Jack. Want to speak? Yeah. Hello Jack. Can you hear us?
You have to admit your mic jack. Are you here with us Jack? Yeah, unfortunately we have to... Yeah, I'm on a nose.
Sorry, I just just removed him just when he said hello. Okay, no worries. Jack, please, please ask again to speak. I'll I'll add you back.
Let me see if I can add some back juk. What?
Yeah, let's move to to now we are in depth old bringer from rich coq is familiar face yeah yeah
Can you hear us? I'll bring her. You have to unmute your mic, cold bringer.
Yeah, thanks. Well, I will go up for it. But hello, good night everyone. The probe in the region. Hello, the region going to be for it's quick.
Hello. Shoot your question sir. Okay, honestly it's the funny because I'm okay let me introduce myself first. Honestly I'm one of the community or all
older since day one but for sure I'm not there. The grown what was only the original. Yeah, yeah, yeah, no, as we had. And then you're on point what's the other
we talk and let my investment at rate 10 tokens and 9 of them just disappear. You know what is left is what I just want to play a little role in here and what I want to act here, what can I do for this token could be a good community like
in what fields under wetland, what can I do? There's community. Ah, you mean? Or maybe as community. Yeah. Well, since, of course, it's community-based talk and
As community members, we kind of wish you our backs, of course, daily. Wherever you are based in your home country, village or town, if you have crypto-minded friends, you can tell them about
and kind of spread the word, put the jungle drum on work. So, spread the joyous word about reach-quack around. Cool.
Thank you. Thank you. Let's see the second question from the text chat. So the question from Chucky. So I understand that Rich Quack is a blockchain incubator for crypto start apps. So if I own a project and I want to use your server,
How do I go about the process of incubation? Will you help me for promotion and marketing and also do I need to allocate a share of tokens on which quack? Yes, they will help to promote unmarketing and also in any
Any other problems that people might have of launching their own projects, that once you get kind of picked to the launch pad, the team will assist and be with you.
the whole way. So they are kind of offering offering a whole whole service for the launch project. For the allocation, I don't know, but I think they might
might be some part of allocation of the projects token. This is something that the dev team has to answer, but probably also, as I mentioned earlier, about the application
on the app. Once you get connected with the team, it is something that the info is kind of discussed and shared there. I guess.
Yeah, and here. So, let's try one more from the audience. Let's try Alpha.
That's fucking curious.
Hello Hello Can you hear me sir? Yes, okay, so I have a question. I just wanted to know that what kind of
new service and put a queue intent to bring in this year. Can you tell us about this? Oh yes yes as I mentioned earlier at least what we know so far is that the
There sooner or later, once the 30 audit. Better sooner? Yes, I think it's sooner because it's already 99% done.
There is the self-serve ideal is coming and also the staking as a service.
There's also the grant. So actually at the moment already rich Quackis is kind of slowly hiring also some people there is actually at the moment.
There is some, they are looking for,
We've been all right. Yeah, let me check there is one application out already. Yeah, the social media manager application is also, they are hiring actually in the future.
they are hiring a business development manager also once once them once the staking as factory and and the self-serial ideal is also kind of bringing
more people and more projects together to the platform. And as mentioned, the CRAND program is also coming. So yeah, that's as far as what we know at the moment. But then again, RIGQA team has all
always kind of they surprise they surprise the holders all the time so sometimes they keep some stuff hidden by themselves and then they just come out with the new new stuff
like surprise for everyone. So that's also one part of what I like. Yeah, yeah, of course, yeah. So especially when they are good ones. Yes, indeed. Thanks,
for the question. Yes, thank you. Let's see the one more question. Let's take it from the chat. Okay, from the question from Stopper Michael. So I saw that members are being allowed to vote and make decisions in order, but in order to do that, they need to buy the
So please I just want to know is the participation on the base is based on the amount of talking we hold and if yes, please tell us what's the maximum amount of negative for voting? Well for the voting part once there is kind of community vote
Everyone can vote if you hold hold quack in your wallet. You are eligible the vote Usually it goes like with with the wallet weight So how much you talk and you are holding in your wallet the more
kind of weight your vote will have. So I hope that answers the question. Yeah, I hope the user is happy with the answer. So we're good with the five questions now.
Yeah, we're good to the part. Yeah, maybe we can have some Let's wrap it up and let's talk to people means about what they're flancers picture. Yeah, well, that actually Yeah, one one more thing about the voting people will also be able
to vote for projects on IDOs. So once there is projects kind of coming to the launch pad, also the holders will be able to vote yay or nay. So
Yeah, that's a good one. It's an important process in decision making to give it to a community. Yeah, yeah. So it's not only for the project to respect the certain conditions by the team members, but also surpass the voting. Exactly.
They are giving the world to the community, which is also beautiful thing. Because this brings us back to one of the questions, because this is also kind of insurance, because this is also like you pass two layers of security, the first one from the team and then the community, and it's a community responsible, a kind of responsible
if the project passes and then something happens. Exactly. And that's also kind of the dev team's way to, if you may like show respect to the holders or towards the holders so they are letting the holders
do the world and decide about future things to come. The voting is not only about the ideas, but if there has been some kind of changes or something, there will always put up a vote about, would you like to go
this way or this way and they will listen to the community in that sense also. Okay, got it, got it. Okay, so maybe we can talk about the future plans, maybe you're planning something like in the next week some months, some new projects,
to see in a launchpad or maybe some community, things for, I don't know, some ambassador programs or maybe some promotions you expect to pass through the, for your project. I wish I could tell you.
do something more, but as far as I mentioned the rich guac bird taste is kind of coming, coming nearing and coming close so 10 more days to go and I'm kind of waiting that there will be happenings and probably something dropping
for around that time, but also there's the upcoming CRAND program. So the team is actually eager to invite talented individuals to build and expand above
upon the rich quack ecosystem. They will be also organizing a hackathon to foster creativity and collaborations, giving builders the perfect opportunity to show guests
their stuff and skills and ideas of course which is important. The aim is support and also financially back those people who can bring valuable utilities and innovation
to reach a platform. So if there is someone listening and you got the skills and ideas to help the community grow, the team is here to provide the resources for your own needs. So feel free to
to jump in to telegram community. There's actually even if you look to a rich telegram community, there's outreach, section of subgroup available where you
You can contact, you can send direct message to me and if you have something I can also pass your messages to the Dev team that works as well. But yeah, that I guess is the stuff.
that is coming next. - We're going forward to it. - Yeah, and I have one more message for the community. The question is chosen from account parts were liked by us, but the visa account. And please reply with the wallet.
under your comment and the questions from the voice questions chosen from audience please send us a message in PM with a wallet and don't forget to follow Twitter account of the Toshik Club, Toshik Talks and Rich Quack and
This was the last bit of information I had for you. If you had something more to add in this space, we can wrap it up and make it a day. Well, thanks all the participants for my behalf and of course which great behalf of course.
course as well. My pleasure to be talking with all of you guys. Thank you Satoshi for having us. Thank you, Pavel for helping. Please feel free to jump in also to the Telegram community. If you have any questions, you want
chat about the projects and also reminder that we also have the weekly community voice almost there so feel feel feel feel free to jump in and say hello yeah for joining thank you
everyone for joining this space it was it was very interesting but will you want to say something? Yeah just wanted to say that that I remind her it's a guys if you have still have questions about the project contact directly our guest today to give some information and to help
to join the world of quick. - Quack. - Yes. - Yeah. - Yeah. - So yeah, thanks guys, thanks for joining and see you in the next space. - Yes. - Have a good day. - Thank you. - Thank you everyone. - Thanks. - Bye. - Bye guys. - Bye.