This is a video from a video by
We will talk about the future
We will talk about the future
Hey hey hey thanks for having us up, thanks for doing the space.
You guys ready for some jackpot time?
So do you guys want to start off by giving people context as to what is the jackpot and
kind of like going through the motions of where we are without bid round five and all that stuff?
Yeah so again I'll walk through outbid a little bit for people who might not be fully familiar.
In general it is a new type of gamified launchpad, kind of the opposite of a Dutch auction that we
kind of came up with. We're like we need to raise funds, other teams need to raise funds, launchpads
are boring and expensive and just not fun. So we took a different stab at it, they also don't drive
sales so we wanted something that was fun and that actually drove sales to help decentralize
business our whole thing. So the way Outbid works is it's a series of micro sales. Every new sale
will have a less like a lower vesting period and a higher valuation. So we started with round one
last Friday so it's been a week, we've raised almost 300k in a week and we started at a price
of seven and a half cents and we asked to raise 75k, we sold out in four minutes then we went to
round two. By going to round two it made round one have a one month vest. Every time we go to a new
round it adds a one month vest to all of the rounds before it. So we like we don't know how
many rounds we're gonna go, we don't know how long the vest is gonna be but the longer you're vested
the more you're up. If we win a full 10 rounds, if we go a full 10 rounds then round one will have
a nine month vesting period but they'll also be up 100% already from their entry price. So the longer
it goes the more they're locked the more they're up. We're in round five now so we're currently at
a 36% higher price than round one. It's 8% above the previous round per round but as that goes on
it's a higher gap than 8% between round one just method. If this is the last round if we give out
a jackpot which we'll get into in a second then we're ready to launch the token, we're ready to
go ahead with the airdrop and everything and whoever participated in round five in this round
will have their tokens fully liquid and then the the one round before this round four will have a
one month lock. The round before that round three will have a two month lock. Round one ends up with
a four month lock up 36% so kind of gamified kind of fair you get your tokens later you pay more but
you can put them to work you can stake them you can LP them you don't you have as long of a lockup
time so you get your liquidity. The way the jackpot comes in is their micro sales they're on a
timeline was two days for the first couple rounds we lowered it to one day. What happens if a round
doesn't fill? Do you just stop? Is it just done? Like oh demand ended. If that's how we were
designed we would have raised two hundred and two thousand dollars and our sale would have
ended in round three or we could gamify it and try to drive sales. So what we're doing is if the
timer runs out we give all of the rest of the tokens that are available in this round to the
last person to buy some. If you want all that jackpot just buy the minimum bid just spend 100 bucks
the minimum bid does go up once we're in bonus time 50 bucks per bid but um yeah just bid 100
bucks you can be lined up for this currently like almost $48,000 jackpot. The caveat is it resets
the timer now anybody can buy more for the next 15 minutes and if they do now they're lined up for
the jackpot but they reset the timer and then anybody else is done so if we go a full 15 minutes
in bonus time and nobody bids then whoever was the last person to bid gets all the rest of the
tokens could literally win a $48,000 jackpot but if anybody bids they steal the bag. So far in round
two the jackpot started at $37,000 it took a little bit over two hours bidding back and forth
sure enough we closed the round. If the round does close we give a six percent bonus to the first
$25,000 that came into the round and we give a thousand arch to the last person the person who
actually does that last bid. We raised another $37,000 in bonus time in round three. Round four
we got 28,000 raised in the regular round so we started round four with a or we started bonus time
with a $22,000 jackpot again in about two hours we drove enough sales to close the round. It got
down the timer got down to seconds several times we thought it was it was done we thought we were
giving away a jackpot we thought the round was over and then people came in and we got down to
$6,000 jackpot left and then somebody jumped in with the last 6k we sent them a thousand
arch they closed the round the first 25 or the first $25,000 that came in they all got a six
percent bonus on their tickets and since the round still filled we went on to round five. We don't
know how long this is going to go it's possible we drive another $48,000 in sales during this
bonus round time or it's possible nobody bids and we give out a $48,000 jackpot. It's a very real
risk there's a very real reward and that's why the gamification has worked and we've been able
to drive sales. That was a mouthful that was great honestly thank you Eric for that breakdown.
Outbid is definitely its own beast definitely very complicated but definitely very worthwhile
to take a look at so all right so do you want to dive in to the axv airdrop i know that's the the
second part of this call um i'm sure everyone's dying to hear the alpha that's tied to that
yeah so again we we haven't set a fixed date on the airdrop because we don't have a fixed end
date on outbid it could end here in 20 minutes it could fill the round and go on tomorrow and
fill more rounds and go on till monday or tuesday but whenever outbid ends within the next couple
days we're going to do the airdrop and get our token live and all that comes with it
so that that includes one claim in the airdrop it's a very simple process you go to astrovault
your wallet would say hey you qualify for an airdrop in the top right you click the button
it's going to ask you two questions your mother's maiden name and your social security number oh
no that's not it it's uh i believe it's if you're using ledger or not and if you're using desktop
or mobile just to help us with our design and uh it you just answer the questions click a button
you have to pay a little bit of art for gas and all of your tokens are liquid we're not doing a
complicated process if you're getting these tokens it means you earned them either you've been
liquidity providing on astrovaults or you've been staking jackal and they've been liquidity
providing on astrovaults and we appreciate all that they've done for helping us showcase our
business so um yeah basically you'll get your tokens available immediately we will have five
liquidity pools set up so if you want to lp your axv get more rewards boost liquidity put like help
out with axv um you can lp it against xarch xjackl xadam xdec or usdcnoble those are the
five pools we're setting up and we're using astrovaults pol to bootstrap liquidity at the
price of the last round of outbid against the first three pools jackal arch and atom
so we'll we'll have those pools live we will also have our first staking pool live so right now
we recently added the outbid section to astrovaults in our in our left hand accordion menu
i believe it's going to be above statistics we will have a little flower and it'll say farms
and if you click on that you'll be able to stake axv to earn more axv that'll also be our primary
governance pool so when you claim your airdrop you can stake it you can lp it you'll have about
30 minutes to an hour before we turn on the aprs so please do follow our announcements
claim it as soon as you can get it put to use and then once the emissions are live
then you'll be able to see the aprs showing up everywhere on a site they've been zero forever
because you've been basically earning this airdrop getting ready um proving out our model before a
token now it's time to scale it really awesome do you want to walk us through why people should
be holding axv so the the governance properties and kind of like what people can do with it
yeah so utility for the token since it is not at least at this time a gas token well we're open
to the scene like if later on there's more gas abstraction that hopefully we could pay arch gas
in axv and have it used buyback arch or however that works but right now axv is not a gas token
it does you know most x tokens they're the governance token of their decks right of the
parameters on it maybe of some kind of community pool sure yeah we we do that you can govern
astrovault you can govern actually 60 of the supply maybe a little bit more for tokens that
are owned by the dao if you want to burn half of them and change our supply from 200 million to 100
million we honestly can like very few of the tokens are actually distributed they're pretty
much all owned in a giant community pool our current thoughts are basically do more airdrops
for more protocol and liquidity to bootstrap our aum but um we're honestly open so whatever the
dao decides but here's the thing about our governance yeah you govern our parameters
yeah you govern our community pool you also govern currently eight hundred and forty thousand
dollars of aum that's uh prices are down eight hundred and twenty thousand dollars of aum
of a constantly growing um basket of assets because we're we're earning jackal we're earning
arch we're earning adam descenter bld usdc we're earning all this from the trade fees as well as
from the staking rewards of the l1 assets we have x derivatives for and these like treasuries are
fully owned and governed by the axv token we could do whatever we want with them
but not just do we govern these other assets but we also have governance power in their ecosystems
when archway goes up with a new prop by staking axv you have governance power over the x arch
liquidity in astrovault which is representing stake arch and with your stake axv you can vote
on arch governance props you can vote on adam governance props usually with more per capita
governance power than by staking adam except you don't have the 21 day lock-up period so we're
actually a governance behemoth especially as we continue adding our governance power because we
continue adding liquidity our protocol on liquidity begets more protocol on liquidity uh the more
liquidity we get more governance power we get in all of these other ecosystems so that's some of
the utility of axv as we eventually go multi-chain we enable cross-chain trading and a multi-chain
ecosystem under the same ui not not the drop down stuff you guys might have seen before
but rather you'll actually be connected to multiple chains at once if you like nfts on stargaze
and you also like the new cool nft stuff archway is doing you can connect and use both of them at
the same time on astrovault if we deploy on stargaze and archway because you'll be using
stargaze and and archway at the same time on astrovault you can equip your nfts from stargaze
and your nfts from archway to earn boosted apr you might even get bonuses for doing both of them
together which is a thing that's already built into astrovault so we should have some partnerships
like that coming up here pretty soon and if you'd like more partnerships you can but uh yeah our
governance power is crazy our utility for deposit list withdrawal list cross-chain experiences
is all through axv and then we're just going to keep adding utility on top of that we're already
talking about doing stuff with the names if you check on outbid right now the leaderboard is full
of three people who have not set their usernames truly disheartening to me so let's set it up
some next campaign if you want to you can burn some axv and you could change their username
that's awesome do you want to walk us through how the nft stuff works because i think you kind
of skipped over that i'd love to get a little bit more detail and i'm sure everyone else would love
to yes so staking is often kind of boring it's just like oh if you stake you get this apr
but especially as you abstract and you're not a layer one it's a lot easier to add more data to
that it doesn't just have to be or like lp and same thing not everyone has to get the same apr
so instead of just reading how many tokens are in it it will abstract and read the value that we
give it which we can basically say we're going to boost your reward weight by five percent if you
equip a bad kid or something and or a quantum club really which is our default our go-to nft set
for astro vaults and then we can choose which pools it equips to basically you're not actually
printing more axv to go to that pool but rather you're affecting your reward weight so if everybody
equipped that nft then there then everybody would go up five percent reward weight and they'd get
the same aprs if nobody did it meanwhile we were able to drive secondary sales by the way guys uh
as i've been saying this we have now officially gone into bonus time um so we we've seen that
orange transition there in our ui uh you can see the bag which is currently 47 000 jackpot
and avx lover hate the spelling of that as we are the axv token but people have been trolling me
uh the avx lover has taken the bag so let's see what happens the more bids come in uh the less
the jackpot is but also if you bid you're lined up to get the jackpot and we'll see it here in real
time we love that archway orange we love that we love it very much all right so do we have any
audience questions anything that you guys want to know um eric ethan anything you guys want to share
ethan you've been a little quiet on your end so feel free to jump in um let's open it up
yeah guys hop up here as speakers so come talk your crap come let us know what you think about
punky i just saw you react we miss you on uh the governance calls by the way
yeah i messed up this morning i uh was making coffee and i lost track of time
i'll own that if i mess up i'll own it i messed up this morning
it's all love ethan it's all love right well yeah i gotta have my coffee or i'll be worthless for
this so it's all as well that ends well eric takes good notes thankfully
i do you guys might not know that about me because i'm on a lot of meetings all the time i take notes
in literally every meeting probably have like a a terabyte or two of of just google doc notes for
like every meeting i've ever been in all right subreira you're up um feel free to ask whatever
it is that you'd like to ask all right thank you thank you guys so yeah i have uh i'm ready with
my usdc too and i've been participating in the bonus round one of those was me now i wanted to
know uh no i've probably even asked this in round one and wanted to just try my luck again so wanted
to understand what is would there be possibility of our tokens which would be vested to be able
to be staked or lp'd on extra world while those are vesting can that happen great question and no
it is fully locked up until that ends so yeah if you want fully liquid tokens when you can wait
till the tokens live and buy it on mainnet or two you can purchase in later and later rounds
um so yeah it's uh no they're fully locked same with core contributor tokens by the way
like we obviously have a lot of team tokens as we've been building this for you know almost
two years unpaid um we can't access them at all we can't stake them we can't lp them so
stake in apr might be decently high and we don't get to touch them unless we are lping on the site
and qualify for an airdrop which uh some team members have an airdrop some team members don't
so full transparency there it's literally just completely even by what we lp the biggest
airdrops like recipients are big people that have come in and provide a lot of liquidity
that are not us we don't we haven't had that kind of liquidity so um yeah it's no it's objective
you can't lp them you can't stake them up until that that lock is done all right so now uh next
question is now since snow uh we are in sale five and most of the people who are actively
participating are now aware about what exactly need to be done so uh what what's our thought on
this that now i could see it's very evident that most of the people are going to wait till the
bonus round and try their luck to uh get those tokens because the price is anyways going to
remain the same so is there probably a consideration maybe if this fills out and from the next round
onwards during the bonus round uh there will be a different price or is this uh been already done
because there is a hundred uh uscc extra every ticket every one sometimes that's is that how
it's been done so we're not changing the price the price is still the same in bonus time as it
is earlier what we did do is uh we had had it set up in the first three rounds that if a round
fully filled in bonus time the first 10 percent of purchasers would get a 10 bonus trying to
incentivize the whitelist to participate in new rounds so that like you can get that first capital
in in round three that did happen the first 10 did get a 10 bonus and the round wasn't actually
filled by somebody who was part of that first 10 percent so somebody else got a bonus and it
wasn't them that like closed out the round we decided we took a lot of feedback into consideration
between rounds three and four you'll notice that it looks different now we're just raising a fixed
dollar amount instead of the dollar amount changing per round we shortened it to one day
in a 15-minute bonus time timer instead of two days and 30 so we're trying to speed it up we're
trying to add things that the community thinks will make it better tons of changes coming like
this is still a new product that we're we're constantly working to better um but uh sorry I lost
my train of thought a little bit um as far as getting different prices what we are doing is
we expanded the bonus for the early participants to the first half so in round four we also finished
in bonus time instead of the first 10 getting a 10 bonus which is basically giving us an extra
or us giving away an extra one percent of tickets we're having the first 50 get a bonus
six percent of tickets um which is us giving away an extra three percent of tickets basically
uh and we also incentivize fully closing out the round whoever is the last person to close out the
round to trigger that bonus for the first half of participants gets a thousand arch which we
we fully paid out uh this basically raised our bonus giveaway to three point four percent
so if the jackpot is higher than three point four percent in the round ends and we actually spent
more in a jackpot than we would have been bonuses we were trying to make those kind of compete
that means though that if you're bidding now even though it's bonus time since it's still the first
half of the round if the round later fills then you'll still get a six percent bonus
and then if you're participating in bonus time after that first half you might end up
being getting a lower value like a or like a higher valuation in essence than the earlier
participants in the round because if you don't get the jackpot you also don't get the six percent
bonus if it fills um as for the tickets getting more expensive the tickets aren't getting more
expensive the tokens aren't uh changing price still one ticket equals uh nine point eight
in this round they the price only changes between rounds however um we're raising the minimum to
try to speed it up if we left the minimum amount of tickets purchased at 100 then basically people
could just bid back and forth a hundred dollars every 15 minutes and it could take days for us to
close around or find a jackpot and and we don't have the time for that even though right now a
15-minute timer is kind of high uh we just want to make sure things are safe with a chain because
there are concerns there but um yeah we're we lowered how fast we're raising the minimum
in round three we were raising the minimum by a hundred dollars for a purchase if you're
watching right now it's only going up by 50 and most of that was because we saw people
just getting priced out like really fast and we wanted more people to be able to participate and
get a slice of the pie basically to get into that first 25 percent or at least participate before
it filled out absolutely i think that was supposed to my next question now since it's
going no it's only three point eleven thousand out of fifty thousand and every time someone is
bidding it's the timer is no resetting to 15 minutes how long if it's going to be
can this go on for probably two days if it's going this way
yeah until somebody falls asleep and there's a variety of things that could happen it depends
on how much interest there is and how many people are buying in and um what their tolerance is how
you know there's a whole lot of factors on this individually um and there's no way to know until
it plays out that's kind of the excitement i guess in all of this is that we've got all these
mechanisms to incentivize all these different things and it's really a live experiment to see
how it plays out with the community how it plays out in the broader crypto community
um how many people were able to bring into the archway network i'd be really curious to
see the archway statistics for this time period um i bet we're bringing in a fair amount of traffic
absolutely i agree i mean this was the first time i even i interacted with astro world or anything
to do with archway to be to be you know uh transparent last question before i probably
give the stage back two times uh now what are your thoughts about uh no people who would be
ready to buy at a time when the ax we token launch is that will be launching at the last
at the same price at the last uh sale is and they will be able to always LP or stake or probably
not do a lot more than uh people who probably would have done it uh sale earlier by just
paying only 10 less right so uh do you think it's uh better well i mean what why do you think it's
better now to still participate in the sale compared to wait and uh see what price it lists
on and how the market uh prices the ax token and then participate uh we don't really have any
opinions on it either way honestly uh and we've heard a bunch of different strategies
which makes us think that we've done a good job at keeping it decently balanced we've had a lot of
people say like yo i just want to load up in round one that way i get the best price i don't know why
people want to come in later and turn up round one filled up in four minutes uh then we had a lot of
people say like i don't want a long lock up like i want to get the high stake in APRs i want to get
the high LP APRs like i want to be some of the first ones in all these different pools so i'm
going to wait and participate in the later rounds awesome we've had some people say like hey i want
the bonuses to trigger i want to make sure i get this valuation i want to participate during the VIP
section at the beginning rounds great we go to other people saying like i'm only bidding in bonus
time like i'm trying to win a jackpot why would anyone do anything else fantastic the fact that
there are so many different strategies that people are actively using in Outbid tells us that we made
a fair and equitable game where multiple different strategies can act actively be used we don't know
what the price is going to be long term for AXV or even short term for AXV we can know what we see
liquidity in maybe airdrop like airdrop recipients coming and sell maybe people have been on the
sidelines waiting to see how the launch goes and like everything we've launched it goes smoothly
again because our game honestly builds pretty high quality stuff and they do and then they see
high APRs and it's like oh to get into this high APR i need AXV i'm gonna go buy it we don't know
we'll see what happens it's completely up to you guys we're making it available if you guys want
to participate then fantastic we'd love to have you if you don't then fantastic we hope you guys
watch hope you guys think that this is fun and talk to other teams about using Outbid because
this will be a great feeder to continue growing liquidity for AstroVault the more liquidity we get
the more money we make and then volume follows liquidity again so yeah it's up to you guys
find your own strategies do your own research we will do the best we can to make all of the
information possible available to you guys and yeah make your own decisions perfect perfect i
think the the user experience is great it was very smooth very easy very simple to understand
what's happening there with even with small you know where it says more about the sale and all
those so done a great job congratulations guys and thank you thank you awesome up next we have
Bella uh Bella all right question coming in from discord from Karthus considering how little
activity happens between minutes 14 and like five what are the feelings on going to 10 minute bonus
instead so the concern we have with that is that the chain could be spammed and that could
enable malicious actors so there's that there's like a cushion of safety there just for sanity
and to make sure that this stays fair because i don't want somebody to win dishonestly if
somebody wins i want them to win through the mechanics of the game that everybody has
that's uh ethan you're cutting out pretty hard there bud sorry my mic is terrible
sorry guys ethan's been fully taken over by a robot we've been expecting this but uh yeah
it's up um yeah great great question we for the most part are open to lowering it to 10 minutes
we've had a request to five minutes which would be very action-packed uh that's honestly probably
not safe but like we did lower it to from 30 to 15 we are trying this is scary and it you know it
works great with shorter times until it doesn't um we already had issues going going into one of
the rounds where the agoric relayer went down and people were like look i'm trying to buy with ist
i can't get it to astravolt and we were able to get a hold of the archway team they're able to
get a hold of the relayers they're able to get it cleared but i mean that process still took like
six seven hours where people couldn't deposit ist we don't know like what happens if a relayer goes
down what happens if there is a chain spam attack now obviously i archway is much safer than most
chains where it's really expensive to do spam attacks but they're still possible and if that
happened if somebody's lined up to win a thirty thousand dollar jackpot and they're like well i
can spam the chain for only like for only fifteen thousand dollars and shut it down maybe they do
that so um we're the longer the time the safer the shorter the time the more fun it is
it also gives people less time to react less time to like move funds from coinbase or
buy more through kado so we're trying to walk a line between like safety and uh and fun as we
add more things to like the ui like games or troll boxes we think the time will probably go
a little bit faster as well but definitely open to 10 minutes we'll we'll game it a couple times
we'll test it a couple times and we'll talk to some of the other teams that plan on doing campaigns
on us soon and see if we can see if we can properly make that work that's the only question
from the social media channels i have access to that we've got for the moment as soon as we get
more i will let you guys know valeria what are thoughts from inside the arch fam team about how
abbott's going yeah we're all super stoked um we're very impressed with you guys extremely
pleased um and i know a lot of people have been participating so it's honestly been really great
to see you guys and we're really happy to have been part of a journey you know we've been able
to see astral vault since its inception and you know we got to support it through our grants
program all that stuff so we're honestly just really happy to you know see you guys do more
and more and more and keep evolving so we're we're all in on team astral vault so really
really proud of you guys honestly thank you fam it means a lot we we really do think we're setting
up an awesome pipeline here we're like you i know you guys are doing some cool stuff in the nft space
where you guys can do nfts you guys can do twitter spaces with po apps or whatever badges
and then we can set them up like hey that badge is going to get boosted atr in this pool for a week
and just keep the activation going we're um as more teams choose to build an archway
we know several that are building archway and on astral vault that's fantastic uh we can you know
help them get integrated help them launch their token we help them use outfit and then get them
set up like for a pipeline in um like on astral vault directly give them some liquidity in arch
and whatnot so yeah this should be an awesome symbiotic relationship the more holes we can fill
in the ecosystem hopefully outfits helping um the the better and the more smoothly this will work
for all the new teams so i know you guys have done a great job with integrations with with
things like andromeda things like kyve um that that really can just help make life easier for
developers coming in if we can get this pipeline in place now then as the bull market comes as we
get an influx as you guys keep making this progress and like archway africa or like archway
nigeria archway india like philippines like the subdows you guys are setting up um we can just
streamline the process and get people rolling yeah absolutely lunky uh did you have a question
did you have any comments i saw you requested to speak yeah i didn't have any questions i just
wanted to come up here and once again shower some love and offer some flowers to the team i think
that they've built an absolutely incredible product um you know i'm sure i'm i'm always
speaking for myself and i'm i'm blown away by the response right i mean it's absolutely incredible
what's happened um i'm one of the early liquidity providers so i cannot wait to actually put my
tokens to work immediately in these pools so i'm just really excited about everything that this is
you know going to bring to the archway ecosystem overall and just really really happy for everybody
involved and so especially as someone who's been with the community now for you know seven eight
months whatever it's been i'm just incredibly ecstatic for all that's happened and i do have
to jump because i have to go listen to an uh one of our co-founders on actually a live stream so i
promise that i'd watch but i at least wanted to just come up here and offer some kudos once again
to an amazing team and community so thanks hey thank you so much funky and just a heads up guys
we are under one minute so we might be close to giving away a forty six thousand eight hundred
and eighty four dollar jackpot avx uh for the win so uh yeah if anybody wants a bid get it in
if not let's uh give out a really big jackpot feel free to do some live commentary on that
minute left we'll do we're at 30 seconds we'll oh we have now had a sniper
quatiba now probably i don't think there is a right way to pronounce that but somebody else
has come in 250 bucks and stolen the bag did i wind up for 46 634 and reset the timer for 15
minutes i'm gonna go do some math and figure out how many minimum bids it would take to fill the
round and keep you guys posted so you uh can kind of if people are doing minimum bids like avx for
the win just stole the bag back um if um yeah so sorry i found out i was lagging so i'd be a little
bit late on that commentary sorry um if uh if people are doing minimum bids i can let you guys
know what the minimum will be at like certain jackpot prices so i'll let you guys fill the
air until then i'll crunch some numbers because it helps relieve stress
can you hear me now super quiet yeah we can barely hear you ethan i hate my phone
you're not a robot again so welcome back
all right so will we be seeing the um astro vault team at east denver
uh trying to defend ethan if you can overtake being a robot
um i i'm not going but ethan ethan's probably gonna go um might have some advisors there as
well awesome well it'll be good to see you again in person ethan you as well ma'am i had a blast
at ethan for last year um can't say enough good things about that event there's always a ton of
people um there was good cosmos representation as well but uh we'd like to just like all of the
crypto ecosystems were there in force um last year so hopefully we have a good turnout again this year
yeah absolutely and for those of you on the call i'm just gonna plug in real quick the fact
that we will be hosting an archway event in miami um in around two weeks um we've shared a link via
our um telegram and discord um but if you guys want to attend make sure you get the details on
our telegram and on our discord thank you
definitely i wish i could be in miami unfortunately i don't think i would make that one
yeah it'll be fun it'll be fun i haven't made it down there in like the last couple years
unfortunately i've been trying to it's uh four is great when when you're when you're somewhere
i am where it's like all snowy and crappy oh goodness yeah i bet
all right do we have any more questions from the audience
yeah anybody wants to talk up one up here yeah actually i have one more question uh
are we planning to have xv token listed on other texas too after no astral world are there any other
collapse which team had already planned maybe some elephants we can share
we plan on hosting the bulk of our liquidity on osmosis
oh sorry i'm totally kidding um we yeah we're sure we'll get it on a couple other
dexes we'll make a couple liquidity deals here and there uh it's not a it's not a priority to us
we don't have a centralized exchange listing lined up day one we'll get them here and there again our
priority is growing liquidity on astral vaults um building up this archway ecosystem um everything
else like they're great when they come um like i don't share the sentiment of a lot of community
members like oh centralized exchange listing so it's the most important it's like if you want to
get the axv token come use astral vault if you're not going to use astral vault then what value is
the axv token to you we need more users on us we need more liquidity on us uh we need a lot of
liquidity if we do like multi-chain hops like that has to have a bunch of axv liquidity to work
uh as well as the way we use ibc is different than just about everybody except for usdc noble
and their cctp which we kind of built the same thing um uh a separate from them so it's it could
be a little bit confusing as there are different versions of the axv token out that interoperate
well on us but might not on other platforms so yeah i'm sure we'll maybe make out a deal with
like white whale or something um but we're we're really just prioritizing axv liquidity on astral
vault and we'll get to the rest of the stuff when it kind of happens but there it's more important
for us to build cool shit right now makes sense um eric do you want to give us an update on the
numbers where we're at with the jackpot yeah so the minimum bids up to 400 which means we've had
bids at 100 150 200 250 300 and 350 um so a nice six bids so far in bonus time we've raised a total
of 4 000 in this round now and big boy is lined up for a 45 984 jackpot in about 10 and a half
minutes if uh if nobody else does take it we would like to have a nice couple more bids we'd love to
cross at 300 000 raise numbers we could drop some nice gifts and uh turn more heads because that's
about like how well the best raises on stream swath have done they have a much larger user base
and a lot more awareness if we can with nobody knowing about us have our first raise do those
kinds of numbers but not be limited to that that uh it turns a lot of heads guys we're already
getting a lot of dms a lot of people want to use outfit a lot of people want their deal flow to
take place on archway if we can if we can blow this up this can be a huge catalyst for the ecosystem
awesome do we have any other questions comments from the audience
how many of you are bidding right now can you raise your hands or something
oh look at that very nice but only one can win the jackpot
i did crunch some numbers it'll take uh from right now at 400 if you guys are following minimum
bids it'll take 36 more minimum bids the last one get up to 2 150 and then somebody can close it
out for 484 again if you're gonna bid that much there at the end you might as well close it
yourself and get the get the little closing jackpot but uh if we do fill it then the people bidding
right now will also get a bonus six percent if not we'll see when the time runs out
just whoever does win jackpot be loyal forever and uh make sure you hype us up on twitter
are you feeling scared oh petrified dude benji's been going to the doctor every day this week man
like this this is so nerve wracking the fact that it's so nerve wracking is why it's fun
like the fact that this risk is real is what is driven sales so it's uh you can't have the
gamification and have control and so we're giving up control to the people and letting people do
what they do and because of that we've already raised a lot more money than we would have if we
didn't um yeah you can't have the fun you can't have the you can't have the chance to win without
the chance to lose you know it's casinos um and it's it's full circle for me my previous career
was everything to do in casinos and gamification um actually had some dms from colleagues be like
hey like we feel like you could help with casino designs from this i'm like you guys have no idea
how much i would eat my expertise in casinos go um but yeah it's got all the butterflies and that
means it's working that means it's fun and there's a lot more things we could do to keep making this
more fun yeah for those of you who don't know the first time i met eric in person he taught me how
to card count so shout out to eric all right do we have any questions from the audience anyone
want to come and ask um eric or Ethan anything where's the time at eric you're at seven minutes
and 40 seconds uh here for another bid but yeah if we do go on another 20 30 bids they could end
in seven minutes this also could go on for hours so don't want to force you to be stuck here all
day if anybody wants to like live stream this and have a party we could all just talk here be on
video or something like please do i don't know uh tank or scott or somebody like wants to host the
youtube we're always down to hop up but uh yeah it feels right being live on air or something while
this is going on because we might be given out a 46 000 jackpot you know yeah that'll be crazy
if it happens for real we are so we we've talked a lot about making this free to use for other teams
um in that like we don't charge any of the cash they raise or charge anything up front but we
still help them and then uh we on the back end we take like maybe 10 percent of tokens sold as
protocol and liquidity so it's still not adding selling pressure it's growing their liquidity
it's helping them out but it still counts as revenue for a dao um we are thinking about
offering additional products along with it as like potential up sales potentially including
like jackpot insurance um because we already have decently high you know risk tolerance profiles
we not including benji apparently but uh other teams might not but they definitely want to take
advantage of this so if like there is the potential for giving away 46 000 jackpot we could actually
help take on that risk if they pay more or give us more liquidity or something like that so
we'll we'll see we're gonna crunch some numbers and uh we're getting so much data from this sale
it's been fantastic we've already made a lot of changes you guys have seen the next campaign will
look vastly different there'll be a lot more cool things you guys can do do you want to walk us
through some of those changes it sounds very exciting yeah so some of the feedback we've
gotten is like it's it's too leaderboard heavy right now if you finish around on the leaderboard
you get loaded up with nfts like uh like you get our nfts cosmos horizon arches derpies um
and then gelato is even given out too to like uh the second and third place like overall ticket
purchasers which is fantastic we'll be giving them a quantum club you're also everyone who's
on a leaderboard will get whitelisted for quantum club um but we realized that for like the middle
of the rounds like it kind of dole out we'd like to do things like random bonus tickets to like
every 10th participant or something as well as like random nfts for like every 20th like 20th
participant just while you're bidding you might see something pop up on your screen like congrats
you won something uh xv for the win just sniped the bag so reset the timer um thank you very much
for the bid uh but yeah we we want to trigger more dopamine we want it to be more engaging
additionally we would like to get a troll box so we can troll people and get more username
customization i i love that like if you look at the leaderboard right now you can see the names
you can set your name to whatever you want your mom had the bag for a while yesterday we had these
nuts and bag of nuts outbidding each other like that's hilarious and it's fun but we can set
things up like hey if you burn a thousand axv you could go change somebody's name or if you
burn a hundred you can set somebody's name who didn't set it themselves and they have to like
pay to change it back like just full-on grade school bullying but having to pay axv to do it
uh just because it's hilarious and we can um we kind of dropped on twitter a little bit earlier
uh we we retweeted the flappy bird thing coming out we know they'll be coming out pretty soon
um i know you know a lot of people don't know that i've been consulting for them
but they're working on making their game more accessible for other dows as long as they're like
routes through their api they get like credit and you can even earn rewards and stuff for it
we're gonna see if we could get like the flappy bird uh integrated onto outbids you can play as
you do and if you get like a high enough score you get like a bonus um working through things
like rename other people or get like a crown next year username like there's so many fun things we
can do to keep this engaging um to keep it fun on our website and we're just going to keep toying
with it and keep getting community feedback and see what you guys like awesome bella looks like
you have more community questions i do karnthus was asking eric when will outbid be permissionless
so i can launch avx oh my god you horrible horrible person um outbid will probably never
be permissionless uh full transparency we're shocked we were able to get this past legal
but we were um uh it we the way this works if you guys are wondering like why we do tickets and all
this stuff is like outbid facilitates other parties to make deals but outbid itself isn't
like handling any cash like it's really just a ui uh with some smart contracts to facilitate deals
being made so it like terms of service are important um but yeah we're able to get this
past legal which is really cool we still need to make sure that you know securities aren't being
sold on our ui and that's important to vet uh we also want to make sure that we're getting decent
deals in here so that people habitually do well if people do well on their participation on outbid
and enjoy like not only enjoy it and enjoy the gamification but then say like the tokens go up
they make money off of it we'll get more return customers that will help the future raises the
more companies are and groups are able to raise through our campaigns the better our deal flow
will be the more revenue we make it's better to do less deals at higher valuations with higher
customer satisfaction than it is just as many deals as possible so we will work on like a
licensing platform for it so we can license it out to other groups and they can run it on their
own sites and they can do their own versions of it and we still get revenue from it but we won't
do something fully permissionless for outbid awesome thank you eric do we have any other
questions any final comments we're getting a nice little uh bidding war between big boy and a x v
for the win or a vx for the win sorry they're much more of a fan of uh of carthas's token
good all right so everyone go hop on to astravolt.io to make sure that you're watching this bidding
war live um we're gonna go ahead and close out the spaces but thank you so much eric ethan for
your time and um don't be outbid thank you for hosting homie uh yeah we'll pop something up live
guys if you're still interested in watching and staying live as we do this um but yeah let's see
what happens with the jackpot awesome bye guys