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Pryzm Alpha Hour - Cosmos 'n' Coffee
Recorded: Sept. 10, 2025 Duration: 0:58:21Space Recording
Short Summary
Prism is set to launch its innovative refracted beasts NFTs, expanding its ecosystem and enhancing community engagement. The successful distribution of 20 million Prism tokens during the initial incentives campaign showcases strong user interest, while the upcoming liquid governance feature promises to empower community decision-making. With the SEAL app launch on the horizon, Prism is positioning itself for significant growth in the DeFi space.
Full Transcription
Thank you. Thank you. you how's it going howdy howdy y'all
how we doing
doing pretty good man i had some fun with that uh those recent maturities that bootstrapped
good old time over there i think it always yeah the uh bootstrapping time always ends up in like trading trading volume
on prism just goes way way higher during that i think uh for people that have done a few of them
now it's it seems to well mostly seems to get more efficient i think but, but still, yeah, lots of lots of good opportunities for people, which is, which is good. What will be trading mostly which, which of them, or all of them?
I don't have the bandwidth right now to do all of them. I'm really still just testing my thesis on
some of these things out. It's probably not a popular one, but in USDC, which is mainly because of the
liquidity spin, but that was, I basically went in and studied Neptune and looked at their averages
and just found like a target that I was trying to shoot for. And I mean, you know, I turned,
it was small trade sizes because you can't do big trades with it but you know i basically bought
the right to get yield on neptune for two percent and the average is like eight percent
that's pretty good isn't it i think you end up like i think neptune usdt and usdc are quite fun
ones because you do always see the um the lending rate spike if you're like getting into
a if you're getting into more of kind of like bull market and people are starting to feel a
bit more bullish and so lending rates end up going up on Neptune and so yield tokens end up giving
yeah quite a nice quite a nice return on that because you get leveraged upside if people if you're
doing that like likewise like I think obviously when you do get a big bull market and it spikes
and people quite like locking in the high fixed yields that the market's pricing with the BTs
so it's fun like it's a lot more but like I wish there were, we chatted
with the Neptune team before but like
they're sort of not doing rewards and stuff at the moment
on this stuff but like
I think
Neptune's exciting because it's like a volatile
yield on USDC
and USDC
whereas USDY yield
on those USDY yield is
a lot more predictable and less volatile
but cool man i'm i'm i'm glad to hear thank you thank you what um genzio who we got on the uh
trends the account you got king snooch behind it i know actions down there and
listeners as well i think he might be popping in as well but how are you doing not too bad thanks
not too bad i'm uh i'm hitting up the hitting up requests um all right perfect today today is an exciting one uh so we were i'll just do like the the brief recap but what i'd say is
like today um there is going to be some exciting stuff hopefully happening during the space
uh if people can share let others know just so that they don't end up missing out
missing out um that'd be cool and then uh and then yeah like brief like the brief updates
um before we move on to the the more exciting stuff are uh
the all the incentives ended up getting um gobbled up by people so that was uh the initial
prison incentives campaign was a big success.
I think originally we said it would be 20 million Prism tokens or three months, whichever comes earlier.
And so the 20 million Prism tokens ended up getting used up in incentives.
So that came earlier. And so now I think based on the feedback that we had from everyone,
we've sort of removed the rewards from the incentives module.
They've worn out anyway, or they've been used up on the LP tokens.
And now just trying to give everyone a simplified option for staking, which is just for yield tokens, LP tokens,
you just have to hold loose in your wallet so you don't
have to you don't have to even stake lp tokens to earn photons and then for yield tokens they've got
photons it started off at a at the same rate as everything else but um but if people have strong
views then uh then that amount could obviously be adjusted it's just a placeholder amount really to start off with.
And then that also means that people now don't have to choose between whether they would like to earn incentives
or earn chain revenue, chain inflation and photons.
So it's kind of like a streamlined process based on the feedback
i think a bit of feedback we have had from people on this is um you know need need to get chain
inflation uh going sooner rather than later to kind of replace um the incentives that uh
you know the simplified structure where before people were able to choose incentives
or yield token staking.
So I think that's been helpful feedback.
And like most importantly, like the team are,
you know, rushing to, or I say rushing,
like working really hard to get liquid governance out
because I guess one of the key things when we spoke about
governance before was you know prism prism most prism is liquid state so in the absence of
liquid governance all the voting power would end up going to validators mostly
whereas now you know we really want community to choose what happens
so that's why we need to kind of like have lst tokens voting and governance um it isn't something
to the best of my knowledge isn't something that's been done on any other chain before so
it's it's a new concept so i'm hoping you know hopefully people can give us good feedback on it
and people like it we're trying to have something live on that very soon and then i, you know, hopefully people can give us good feedback on it and people like it. We're trying to have something live on that very soon.
And then I think, you know, we, the team have been able to like do some of the non-important decisions.
But I think, you know, for things like chain inflation and treasury module distributions,
like I think it's going to be important to have community able to vote in liquid governance.
So I think we're hoping to have something people can test in the next day or two on mainnet.
And obviously people have been able to follow along progress on testnet for that.
I'm trying to think whether there's any other major bits.
the other major bits uh see the the um seal app that's launching that is going to be um
hopefully again something people can test in the next few days i realize these things are a bit of
a moving target um so i don't want to i don't want to over promise but it's it's looking really
good now we've done quite a lot of internal internal testing. And I hope it's going to give people a kind of new,
a new way of trading,
not just Prism tokens,
but assets across the inter chain or,
you know,
also assets that people want to get from Ethereum over to Prism.
So we'll do,
when that does launch,
we'll do a big,
you know,
a big teaching with video and we can kind of take everyone's questions and really explain
like in more detail how exactly that works, the benefits for Prism holders, you know,
a bit more about the SEAL token and what that's going to do.
So that will be good.
And then I'm trying to think what other bits we've got.
Yeah, I think those are the main, like, very, very near-term ones.
And then the other exciting news is I'll pass over to JG,
and he can give some details.
Hey, hey. You know, know so today's pretty exciting day um you know the
refracted beasts have kind of been uh in conception mode for i would say like what like two years
this is like pretty exciting um you know i i wish i wish he would come up and actually talk about
the art behind it because i think what he's created is quite
spectacular and he has, you know, his energy is kind of, it's infectious. He's fun to hang out
with, right? So, but we're just excited to get this up and provide the infrastructure and provide
activities and to get some assets out there that people will identify with
and kind of carry out into the digital world.
This is like the next phase.
And my view of what needs to happen with Prism is that, you know,
people need to start to show off, I think, their refracted beast.
I'm telling you, they're pretty dope.
So I'm looking forward to personally minting.
I'm going to be rocking it, and I'm going to be championing Prism.
And because I was telling Ollie earlier, I was like, you know, again, you know, I'm not the most technical person,
but I don't have to be a technical person to understand that that Prism's building or they built, you know,
basically a top tier trading desk that like banks leverage and the amount of money that goes through those, those, those entities is crazy.
And so it only takes one of these entities to figure out that they can now do
this 24 seven and to give it a try. And, and I want to be at the,
I want to be an owner. I want to be an owner of a network. I want to,
I want to be at that level. I've seen other projects do extremely well.
And I think that this is one of the,
one of the few in the cosmos that actually really have a clear, defined path and goal of what they're trying to achieve.
So we're going to turn this mint on today.
This is the long and short.
Let's just break this down.
If you have the AWU token, and if you've earned you know, did what you had to do to get it,
there was a snapshot that was taken. If you had 10,000 AWU or more, you are included on this
whitelist. I think it's like 1,480 people. And in this first phase, which will run for 24 hours,
you can mint three of these refracted beasts. If you the price is 20 000 au tokens per refracted
beast i think it's like a dollar 40 or something per beast but if you don't have enough you can go
and you can get some more au there's a pool um you're gonna want to just have usdc and just do
a straight swap i think it's usdc uh, RuPaul, but you can, you can top
up and, and, and make sure that you, you, that you mint. And then this, this phase will run for 24
hours. And then the next phase, um, will be for Prism holders. And we haven't taken the snapshot
yet. So if you're not on, if you're not on this white list, you can, and you want to get on the
next white list. If you just go and buy a little bit of Prism,
you know, before I would say 10 p.m. my time,
which is like midnight for Thomas,
we'll do a snapshot of the prison holders at midnight,
and then we'll upload that for tomorrow's phase.
So, and again, it's only 400 Prism,
it's like three bucks or something like that.
We want to just get the tribe built.
We want to get people excited about what's coming.
And I think Yves has done a fantastic job with the art.
It's exciting art, actually.
You know, when you look at it, you actually get like a vibe and a feeling.
It's not like you're just like, oh, well, what's that?
You know, so I think he's done a fantastic job.
I'm really looking forward to this.
And where, so JT, where's best place for people to mint here?
So I'm going to drop that mint link probably in the next, like, 20, 25 minutes.
I'll just put it here in the chat, and then we'll make a post too.
But I'll put it here for the people who are listening, and then they can just go mint.
Yeah, we could.
Yeah, yeah, that sounds perfect.
And then, I'm trying to think.
And then, yeah, we're going to integrate them into the web app.
And then I think we've handed out some, I see some people with their early refractive beast in the audience, which is cool.
And those were, so I think now, like, everyone's going to be, you know,
have the opportunity to do it.
We always said, like, you know, the first mint will be to everyone
that kind of, like, got our woo and has done some proper trading with it.
So I think that, you know, the threshold takes us to a good level.
Hopefully, like, it includes all people that um have been you know
using prism and have kind of like been following along for a while so you know want everyone to
want everyone to kind of like make sure that they have the opportunity to be involved um
and yeah i'm i'm super excited about it it's been the art. The artist is a really fun guy.
He is.
He's done some,
he's done some great stuff.
you know,
interested to see what traits ended up getting minted first.
And then I think,
yeah,
we'll have to publish some stats on the traits and,
you know,
which are the rarity items,
et cetera,
et cetera.
JJ, you're more of an expert on this stuff than,
than me, but i think um
yeah we'll provide all that so we have a script to break down the rarities of the traits and then
normally how these things kind of organically happen and i think in this case like the suits
are very identifiable so there might be like different clans of suits and then the different
animal heads can always be like a group a sub a sub group and um
it's interesting i think this is always interesting to see what what the most coveted
traits become you you know what i mean it's kind of hard to tell you know you don't really always
know um but but again this is not these this is it was done in layers but it looks like it's um
they look really unique i again i think he did such a great job on his collection.
Yeah, I think so.
And they, like, I'm just trying to think.
There have been, like, you know, foundation collections of other Cosmos L ones that I think have been pretty cool.
Like, obviously, Mad Scientist.
I don't know, some people, like Sloths, probably were the first ones on Celestia as well.
Like, you guys did the um you guys did the uh
you guys did the objective one didn't you so i think it's like is it it's a
important part in the life cycle i remember my first galactic punk on uh on terror
oh those weren't those some crazy days? I remember somebody traded a Tesla for a galactic punk at the craziest point.
I was like, that's freaking crazy.
Yeah, I remember.
I can't remember exactly what it was.
I can't remember.
I remember one of the guys from Delphi, the venture fund, buying,
um the venture fund buying i think it was like a red suited like mars galactic punk for like
50 000 usd or something at the time it's absolutely crazy um but yeah i think it's i think it's um
i think like since then since like the hype and the speculative stuff like i think it's been
it's been a fun part of like people being in a community like i don't know like i always see when we're in discord and you know people pop up in discord
and they've got like mad scientists nfts or um or galactic punk like oh sorry galactic syndicate
and that kind of stuff like it's fine it's it's fun like it always kind of like says a little
something about someone when they're when their profile or bio is like one of these things so i'm hoping i'm hoping like by the time we have this spaces next week
like a lot of the audience will end up having uh refracted beasts hopefully which would be cool
well you know i'll be i'll be changing line probably while i'm on the space after i'm in
it depends what animal depends what animal you get, right?
Yeah, that's true.
Because you only get an option of three
unless you have multiple wallets that qualify.
Yeah, yeah, yeah.
Exactly.
That's partly why we did the whitelist.
So that people can end up...
So it's not like it doesn't all get hoovered up just by
one wallet basically i'm just i'm just watching people trade out now on prisms web app someone's
just gone switching uh a little bit back and forth that's kind of funny but yeah like um
cool so so you'll you'll drop the link in the,
in the comment section here or we'll put out a post on it.
I'll do both. We'll, we'll drop the link here. And again,
cause it's 24 hours. I, I, I guess technically if all 1400 people,
1400 and 80 people bum rushed, it would run out. Right.
But to be honest,
I think a few hundred people are going to go and get their
three, right? I don't think it's going to be, we have good turnout for these spaces. And I want
these people who are constantly in this space to have like the first crack, to be honest, you know,
these are the people that are putting in the work and showing up and commenting and participating.
Yeah, exactly. I think. And then 24 hours later, all people who participate, who hold PRISM are going to be whitelisted.
So again, we want to make sure that it's the active people who have been, who get it,
who want to participate, who want to show up.
I get energy from all of you.
To be honest, it is so tiring to show up and try to do this alone.
So I'm so grateful for these turnouts.
And I want this to get into the hands of people who are going to really get excited for it.
Yeah, exactly.
I think we've got – we probably have – I forget the exact steps, but at the moment, like a daily active users, it's probably like 600 people, something like that, of people who are – wallets that are coming in and using Prism on a daily basis.
So I think like trying to make sure that the early NFTs go to kind of like these people
will be cool.
I think a lot of those are people that have been trading our woo as well.
So that'll be exciting.
If anyone's got any questions or anything like that, obviously feel free to put them
in the comments.
I see Herb Dragon.
Okay.
Where is the whitelist checker?
That's a great question.
So we could just throw it on a google doc real fast and people can just
search their wallet address yeah all right cool uh thomas i see he's listening um okay we talked
about that earlier so we can we can have that put together really quickly okay cool yeah um and then the AWU snapshot was recent.
So if you didn't have any,
you're saying you had C, AWU and AWU yield.
Let us check those because I thought those were included,
the hourly with derivatives we'd included in the um in the snapshot but we'll double check
the AWU with derivatives we'd included in the snapshot,
but we'll double check.
um nice one and then i'm trying to think yeah if anyone's got any other questions let us know uh
maxi
i think action's trying to get up here i know know he messaged me, said that he requested to come up.
It's saying listener.
I don't see a request.
Let me try and add as an invite to speak.
I've dropped a minute.
I've got to love X, right?
Sometimes it works, sometimes it doesn't.
It's so volatile.
There we go.
Action's up.
X is volatile? Yes, I completely agree.
Exactly.
Exactly.
What was I going to say?
All right, cool.
So on the refractive piece,
does anyone
have any other questions?
Would anyone like to get up?
We want to make sure that everyone that uh that once one should be able to get one and i think particularly
everyone on this basis i i will say this as action's been on a couple of spaces with you i have
not but can you kind of like fill me in on what is like does it have utility like does it
provide anything is it just about you know the the community behind it like can you tell me a
little bit more about it so why people would want to go invent it there's like there's like a back
story with refractive beasts where you know i think it was i think the genesis of the kind of flexion stuff was originally, I think
it was like over a year ago now probably, where it sort of, Prism was a, Prism was like,
you know, it's like a pretty serious DeFi tool in terms of, you know, yield swaps and
yield trading is pretty sophisticated, kind of like, you know, something that historically,
you know, only people on Wall Street or, you know, large financial institutions have been able to do
and has been kind of like, you know, normal users have not been had the opportunities to do it
because you needed to have like credit lines with investment banks, know and huge asset worth in order to be able to do it
and so I think you know the idea came around about like well look you know his prism is a
kind of like serious DeFi product it probably needs a a bit of an alter ego side of something
that is you know fun irreverent kind of like, you know, someone
that will take advantage of yield trading opportunities and that kind of stuff. And
I think that's where the idea for kind of like the refractive beast wolf came from.
And then, you know, the wolf howl, like, action can do a better one. Action, can you give
me your awu, please?
My awu? No no i keep a wolf next
to me at all times okay perfect so that was like that was like when uh um where like i think the
idea came from and then that was kind of like the wolf and the kind of alter ego that was kind of
you know going to be used for education but also um you know just
saying the things that prism couldn't really say and uh and he's the wolf's been pretty funny on um
on twitter with some of his responses to people in the past particularly uh when we were in the
middle of like airdrop season but the um but yeah so like the collect the idea for the collection came from there.
And it's kind of like Prism's less serious alter ego.
And then I think I've been working on the animals, the traits,
back and forward for a bit.
And I think now that we've got Chain out there,
the other thing kind of
like from an education perspective is like okay well let's let's take this collection take the
wolf let's create a meme token for it which is awu um you know i think the purpose of the meme token
was to give everyone a way to kind of like airdrop it to something like 200,000 wallets.
And so that everyone could have an opportunity to learn to trade yield with kind of like a very high inflation rate and a volatile inflation rate.
So that they could kind of learn how to use Prism without kind of risking any of their own money.
And, you know, and learn how to use Prism without kind of risking any of their own money. And, you know, and learn how to like accumulate AWU.
So like the people that claim their airdrop and learn how to yield trade
end up like increasing their AWU amounts.
The people that decided not to then didn't increase their AWU amounts.
And so it was kind of like a free way for people to kind of learn how to use Prism.
So it was like a meme token with utility, which, you know, hadn't happened a lot before.
It's also a token that people are able to use to pay gas on Prism as an L1.
And so it was used for that.
And so that's kind of been the history of it.
And then I think like people you know you've also then
been able to earn Prism tokens with your AWU
and now like the final
step in like at least
this piece is
people are able to use their AWU tokens
now go and
buy AWU NFT
sorry refractive beast NFTs
so you know this is there's been a kind of a
long backstory rather than just like a collection that sort of sprung up overnight and it's just um
it's just there for the sake of it like you know there was a good there was a good reason and a
good backstory and i think everyone that ends up minting one in the you know at least this first
mint um has been has been part of the journey for a decent while and the, you know, at least this first mint has been,
has been part of the journey for a decent while.
And so, you know, it deserves to be able to,
deserves to be able to get some.
Hey, real quick, Thomas messaged me.
He told me that the CAU was not included,
but he's updating the list right now.
So in like five minutes, 10 minutes or something,
that will be amended and they will be added to the list right now. So in like five minutes, 10 minutes or something that will be
amended and they will be added to the list. And so we're just going to wait for him to do that
before turning it on. Yeah, nice. And then I think Steven, in your message on the Prism Yield LP
tokens being included in the snapshot, I think we might just make it, we can see what you've
say, like just to keep it simple,
but I think it's like three or four dollars that you need to have kept in the snapshot.
So if people have that in Prism,
then they'll qualify for the snapshot.
So, and that'll be for tomorrow's one.
But yeah, I'm excited to excited to i got another question for you
oh yeah with the nf with the nfp mint um everything goes well right and you sell out and everything like what is what is the goal you're looking to achieve you expect to see like a lot
of people swapping selling trading these nfts trying to get like the the
coolest looking traits i know you were talking about the artwork looking great and everything
do you do you expect to see a lot of people trading them and if that's the case like do you
i'm just curious do you feel like soulbound nfts are worse or better than you know the traditional
nfts where people are able to buy and sell and trade them.
Yeah, I think JG can take the first bit. For the second bit for me,
like, so, like transferability of stuff
is something, I guess, on the Prism side
that we've thought a lot about
because we've done badges.
So I think SolBand stuff is really cool and for the
benefit of people that don't know like soul found soulbound effective use means it's put in your
wallet it's non-transferable um and it can only ever be for your wallet so if you go and decide
to start using another wallet your nft or soulbound tokens don't transfer with you um for prism the
way that we've used soulbound tokens before is like
as badges of honor
for participating in various stages
of Prism's lifecycle.
So whether that's participating in the LBP,
whether that's participating in season one
of photons, or whether that's been like,
you know, you participated in stake drop.
So, you know, throughout these different milestones,
we've issued like a soulbound token to people.
And the soulbound token is, I say fungible,
like it doesn't have like unique characteristics
or unique traits to people.
But what it does mean is that in the future,
when, you know, if someone's like,
like we were talking about this for, you know, me and JJ,
we were talking about this for refractive beast NFTs, for example,
or for future things we end up doing.
Like if we're like, okay, well, who are Prism's most loyal users
or who are, you know, people that have been there
at important milestones for prison and you know we
have an instant way of seeing that now with these uh these non-transferable badges that we've we've
done to people so like i think i think uh i look at like non-transferable stuff is like um
it's great for like it's like a certificate or a badge of honor or something that's like
permanently on your wallet to show anyone that wants to dig out in the future like or airdrop to
people that you know were there throughout prism's life cycle or were there at key milestones
the badge the badges do that for nfts i think that you know having them transferable and tradable
and having traits and stuff like that i think is uh i think is you know is a lot cooler so for me
like i i personally like think nfts should be traded but i think sold bound um tokens are a
great way of like uh you know permanently having it like a badge of honor on your wallet for being
there for certain milestones jg what do you think well personally you know uh they're just different
products right and um having um nfts are are a fun activity that that's a community building tool, right? So the amount of secondary sales is great
and it will, again, so this is not a collection that I'm producing, right? This is one that is,
I'm helping to try them to bring a life. So it's going to take the community and I'm not going to
lie, after this mint, like we're going to be looking for people who want to take like a more leadership role to try to help manage some of the accounts for the refractive beast.
Like there's opportunities that are going to stem from this mint as Prism grows as a project.
And it's always been, I've always had a really good experience, you know, working with community members.
And so that's kind of what we're looking to do is really build up the refracted beast community um and if if that excites you to be
a part of what prism's building then it might behoove you to get a couple and if you think that
uh this is just the beginning and these are going to become collector's items
uh then speculate that's what i do i mean and it's you know it is a high risk game for sure
i'm not gonna lie but it's also a lot of fun and at you know a few bucks 20 bucks i mean i spend
i don't even want to say that i spend so much dumb money on so much retarded stuff right to be
honest this to me this is like way better spend because building communities to me is, I really enjoy the process of this part, this aspect of blockchain.
This is where I get my energy.
This is where I'm passionate about, right?
So to me in this phase, like I'm really excited to see what happens.
I'm really excited to see who becomes excited.
And we're going to have positions, like I said, that are going to be opening there's gonna be contests and we're gonna build it we're gonna build this thing together
right that's the whole point is that we need something to focus on to drive attention to um
and to do stuff together i mean that's what it's all about i mean i swear to god like even even the
dumbest projects the ones that do stuff together seem to be more successful than the ones that just can't figure that out.
Dude, you're so right about that.
And, like, when it comes to NFTs, man, I love being able to pick up more than one.
And I get the speculation aspect of it.
But, dude, one of my favorite things to do with NFTs is actually to gift them out, right?
Like, bring new people into communities.
I think that's the superpower.
It costs a lot of money to get someone super excited about the space and get them super involved with just a couple of clicks, if I can say it that way.
So, dude, I really do love NFTs.
Dude, I make money left and right with a bunch of other things.
Yeah, I made a boatload of money with NFTs back in the day, but nowadays I've moved beyond that.
And when i'm
purchasing things i'm really looking out to see okay what can i do with this uh the speculation
aspect of it as the community grows like that's that's a no-brainer it's always going to be there
but when i collect something i collect it to collect it and actually expand the community
expand the you know the people i believe in honestly um so yeah you'll see me like dropping
nfts to a bunch of people and simply because, hey, these people are good people.
And I want to make sure that you all hear about it.
So it's called the Action Airdrop campaign.
I can confirm.
He does give away a lot of cool things to great people.
I want to say like two.
One of the things that I love about NFTs and when you do collections.
Don't play.
Yeah.
Don't just say that about me
because you're the man too.
I'm literally using a camera right now
that you've handed to me.
So, King Snooch, you are the man.
I appreciate you, brother.
One of the things that I love about NFTs too is,
you know, even let's say this mint goes perfect, right?
Everybody holds it and everything.
There's so much more that can be done
with these NFTs down the road, right?
Like, let's say, you know, five months from now,
you guys come out with a secondary collection where you can actually use one of
the NFTs from this collection and burn it to upgrade the next one into a better
like rarity or a higher tier with cleaner artwork or something like that.
There's all kinds of different things that you could do with NFTs.
And I think a lot of people don't look at that.
They just see it as, oh, it's a piece of art.
There's a lot of utility.
And I preach about utility of things.
And I honestly feel like this is a great starting point for some really cool stuff.
Like I was with a mint where they did like a campaign where they gamified it.
And if you had, I don't know if this mint has
like rarities to it or anything like that, where, you know, the higher rarities have cooler artwork
or whatever. It does. It does. Yeah. So with one of the things that they did, and I don't know how
it might be too late to do this, but they set it up where you could take four of the common NFTs
and you could burn them and it would give you one of the next rarity up and then you
could burn four of that rarity for the next rarity up and it just it kind of circuit it helped the
the supply of the nfts and it gave people the opportunity to get the really cool that
they wanted which at the end of the day that's what we all want right the coolest
of the day that's what we all want right the coolest shit yeah great i think it's like i
think it's like like you say there's like lots of stuff you can end up doing with these things
um well i mean the first stage now for us yeah like get it out to the community and then i think
like you know multipliers and rewards all this kind of stuff like you know earning yields etc
like i think these are all fun things like down the line but I think like JG says you know once you have a community that kind of like cover letters around
it and it kind of like you know builds it builds almost like organic momentum um then at least
when I've been involved in NFTs that's when it becomes like the most fun because people start
you know people people wait till they have one to like then start having cool ideas about like
what they could do, like how they could use it, like how to kind of,
you know, they cover less around everything. So I,
I think it's going to be really cool.
Hey, I just wanted to chime in real fast. So in this CV file,
there is no snapshot for CAU.
There's YAU, PAU, and LPAU.
So I don't know how you want to do this
or if we can get a snapshot of CAU quickly.
What do you want to do?
Yeah, we can try and dig one out i think most people
would be holding some amount of lpo we we set the amount at like a negligible amount
um so i'm surprised you know hopefully hopefully people most people end up but that one guy's
question was that he had cau and it was getting some type of reward and if he would be
included right and so do you want all do you want YP and the LP holders that meet that criteria to
all be whitelisted as well but we don't have we don't have a snapshot for C, though, for CO. We don't have the C. We did have the LP and Y.
Let me just double check.
We have C, Y and LP snapshot and a base snapshot.
Yeah.
If lots of people, like, guys, put it in the comments if you are or if you don't, if you were holdingia but like if that's if that's the case then uh
let's look at it i think i remember you know when we were discussing it jg like we're trying to you
know we want to find people that are actively using you know at least for this first mint that
we're actively using prism and actively using our so like we definitely don't want to make sure that
to make sure that anyone's excluded that has been doing that and if they've been trading it
uh anyone's excluded that has been doing that and if they've been trading it
and holding you know as as herb dragon says like you know awoo itself has no yield so like you're
you know as we've joked about before on past spaces like you're committing financial self-suicide if
you uh hold an asset that um that you're not holding the liquid state version of an asset that has like
200% yield.
so yeah,
so I think,
I think we'll double check that.
Definitely.
We don't want to make sure anyone's excluded that was actively trading this
stuff.
okay.
So then look,
I mean,
we get,
we're trying to turn this on right now,
but if you can get us to list,
once you have the list,
it only takes like 15, 10 minutes to upload that.
Yeah, let me try and get something.
But Herb Dragon, do you hold any,
which other ones do you hold?
If you can, you can either put in the comments or say.
I think if you've got the,
I think you've got our yield LP,
the base LP as well, right?
So that should cover you, hopefully.
Cool, all right, we definitely, we're trying to,
oh, there's a request to me.
Herb Dragon coming up.
Hey dude, can you hear me?
Oh, he's gone.
He's back.
He's gone.
He's back.
Is the ex rugging?
Oh, yes.
Hello.
How you doing, sir?
Can you hear me?
Yeah, not too bad.
How are things?
Yeah, very good.
Very good.
Excited for the mint.
Exactly.
Yeah, so I do have the yield LP, so those
would be fine, but I think if you take the
white tokens, most of those will probably be
staked, and I'm not sure if those are included
in the Shep Shop, because those are all in the
incentive module probably, or the staked.
In the white staking module, yeah, yeah.
Yeah.
Yeah, I think
if you take the yield LP, you'll have most people probably.
Yeah, agreed.
So yield LP and base LP, which I think, I mean, it's good to get people's feedback.
So I think like, you know, you especially have obviously been trading this a lot for
a long time.
So, so yeah, we'll make, we'll make sure that's included.
That sounds all right, JG.
We have, we have the snapshot data on the LP tokens, don't we?
Oh yeah, no.
So we, Tom says that they have the LP, I don't know if it's the base LP or what, but it's,
he said that there's Y-A-W-O snapshot, P-A-W-OS-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S-N-P-O-S If it's the Yield LP at least, because base LP I'm not sure, but we can check that one, if it's the right one.
Yeah, our Yield LP is like a,
is the one that's in the most trading volume.
Yeah, cool.
All right, that's perfect.
And then we just wanna make sure everyone's included,
I think so, or everyone that should be included is included.
I'm just reading through the comments.
See if we've got any other, uh, other stuff, but yeah, what, what, um,
we'll chat that with Thomas and then we, we can,
we can announce instantly once it, uh, once it go live.
Who loves, I love live stuff.
Okay. So I, I'm pretty sure we have the yield lp snapshot
okay nice nice all right we'll get that added and then uh let it go and like you like you're
saying jg so they mint on the backbone labs website do they uh yeah they'll be um we'll
have a link it's on our site if you go to app.backbonelabs.io and you go to the Launchpad tab, it will be there under Active. It's not live yet. You can see it there. It's there right now, but you can't mint yet.
But we're just trying to set this last whitelist up so all their participation can be counted is really what's important.
Yeah.
Okay, cool.
Nice one.
All right, cool.
And then I'm trying to think.
And the total collection size is 5555, isn't it?
Yes, total collection
size is 5,555.
That's correct. In this
first phase, 1,500 are available.
In the second phase, 1,500
are available. And then in open
mint, the remainder will be available.
Okay, sweet.
All right, amazing.
We will get that
sorted on the mint for sure.'m trying i'm hoping i'm
hoping if we get that list like we can be up and minting in like half an hour you know what i mean
like we'll just make an announcement what we'll do is we make an announcement that like 10 minute
countdown so everybody can kind of get ready so nobody has too much of a of a leap and then um
uh we'll turn it on yeah and then make sure like appreciate everyone um i guess once once you do
mint yours um let all the people that you do know in the community uh know so they can uh they can
go mint it because anyone that's been active um would love that would love them to make sure that
they got one i know that i've been uh heartbroken is a strong word but like when i missed out on
mints on things that i've been involved with just because i wasn't around for like the hour or two
when it was going on um hit me like a ton of bricks so keen to make sure that everyone everyone
that wants one can get one hey thomas says that he was able to find the CAU right now so I think we're he's gonna be loading this list up
um let's I mean we still have like we're still 12 minutes from the hour I would love to get this
thing turned on by hours and if it's possible but if not it'd be like 10 minutes later I think
yeah all right cool obviously yeah love, I've never,
when you start dealing with,
when you start doing these things or start launching a layer one blockchain,
the amount of snapshots that you end up doing
over the course of a couple of years is big fun.
Cool.
And then, I'm just trying to think.
Yeah, we've got those, we've got the PAUUs,
the YAUUs, everything in the snapshot.
Oh yeah, we've got CAUU in the snapshot as well.
Yeah, he has all the data on the snapshots,
all of the Prism derivatives are in there.
I'm just looking there.
So we'll make sure all of those, sorry, all the AUU derivatives are there there. I'm just looking there. So we'll make sure all the, we'll make sure all the, sorry, all the hourly derivatives are there.
We'll make sure they're included.
Okay, but still, but there is a cutoff, right?
So if you have less than 10,000 of any of these tokens or derivatives, because it starts to get too ridiculous, because there's like 100,000 or 200,000 addresses that have, right?
Like, I don't know how much we have, right?
So if you have less than 10,000,
you don't make the cut in this.
10,000 or more seems a reasonable qualifier.
So that's what we're uploading right now for the base and all the derivatives.
Yeah, exactly.
Because then it means that people that traded it a little bit
and like increased their amount of
are getting
first priority on it.
Okay, epic.
And then
I'm trying to think of any other bits.
Yeah, if
anyone else has any other questions or thoughts,
please ping them in the
chat.
Grinjoy says, any sneak peeks of the art?
If you want sneak peeks of the art is my bio photo, actually.
Oh, sorry, Herb Dragon as well actually has
an honorary refractive beast.
So you can sort of, you see you see his, uh, his dragon there.
but hopefully pretty soon everyone's going to,
everyone's going to get peeks.
Or you can also just,
I don't know whether anyone's been on the Refractive Beast web page on the
web app.
but that's great.
He's doing such a good job on the page.
Yeah.
He's did a great job.
And,
and,
and even just to be page on our web app has been great i think
really like he did he did a really cool job with the visuals on that um this section is for the
paper hands i think um i think yeah i think i was i was always surprised with that we did it never
um we we deliberately made the price of it uh or sorry the liquidity pool
not like super deep so that the price could uh have some good volatility for people
and then i think you you know because people were able to earn photons with it so
it's actually been it's been a really good uh been a really good meme token for people to kind
of like learn how to use prism and stuff so So I'm excited. I'm excited to see where this goes.
And like you say, JG, you know, we get, we get, we try and get some,
you know, once we start,
once people have their NFTs and kind of like the community forms around it,
it's going to be fun to see the direction that people want to take this.
That's, I swear that's i swear that's the that's
the most fun part is like right now and in this formation and watching people get excited and you
know it becomes contagious i don't know again it's like trying to make energy by yourself is
is a really tourist event and then when you come together with like-minded people it becomes like
you're not even working and now you're just hanging out with your friends having fun.
Yeah, exactly, exactly.
All right, cool.
So we will flag as soon as it comes out.
What are you thinking we'll put out on Twitter?
Yeah, look, I don't think we need more than half an hour.
So like it right now for me,
it's 11,
almost 1130,
almost 11.
So it's 10,
1052.
So let's just,
I think 1130 is a pretty reasonable to get this list updated.
Thomas,
am I tripping?
Do you want to give me a thumbs up?
I see you there.
Or I don't know if you're listening.
You're probably working to be honest.
I think probably 1130 is reasonable because he has all the information.
All we got to do is update the whitelist.
That's what we're doing right now.
Okay, cool.
And then I want to make sure
because one or two other people are saying
they're not included as well.
I think we could probably wrap things up,
we'll sync on the telegram just so we can make sure that everyone that should be
is included.
And then I want to make sure
that people start minting and everyone is able to
get and share their NFTs.
So Thomas is working on that.
11.30, your time
is when? Like 40
minutes from now
yeah it's like 37 minutes okay wicked wicked um all right amazing and then
uh and then we start showing them off once you mint uh please uh feel free we're gonna post
obviously when the mint is live it would be highly appreciated if once you mint if you posted your mint on that thread and retweeted it we need
to try to catch this algorithm it's like it's like the hardest thing to do sometimes but it's
crucial and uh it can't it can't be done alone that's that's the thing exactly right
and remind remind you what tsunami of refracted beasts yeah exactly that's all to see
on uh we need to get it on twitter where people can post below a thread and um upload their uh
upload their base and show which one they got off remind me how many you allowed to do one uh
on the first mint three so if you're if you are a whitelisted wallet, each wallet can get three.
Now, we're adding a bunch of more qualifiers.
Who knows? So, you know, potentially on the first whitelist, there was fourteen hundred and eighty wallets. So if everybody tries to get three, that's impossible. Right.
So, you know, get it while you can. And then the next phase will be done for the prison holders.
And then again, I'm just excited to see how this goes again.
You never know how it's going to go, but you know,
people are excited and people turn up every week for prison spaces.
So people want it. People want this. I want it.
I want to start repping it and I want to get people excited.
So that's, this is what's happening. This is the next step.
Yeah, exactly. It's just a bit of fun for the early community.
And then exactly. So it's, it's exactly. So it's been a long time coming.
All right, cool.
And then I think if anyone isn't included and feel like they should, I think maybe hop into Telegram and we'll have a chat about it.
Yeah, exactly.
All this is amendable. If this is on and you're like, hey, man, I have a bunch of this. And for some reason, just just please jump in the telegram and we'll take care of you.
and stuff like that for people.
All right, Wicked.
I am just trying to think if there is,
if anyone has anything else,
then feel free to ask.
Otherwise, we're going to go put our,
get back in gear and try and get this thing
launched ASAP for people
and make sure that everyone's included.
So now Thomas was telling me
that the new number of qualifying addresses but there's some dupes that
need to be filtered out is around thirty six hundred and seventy so now there
definitely is a little more importance of getting there earlier than later
I'd like to add one little thing just before we go.
I know we're getting plus wrapping it up.
You know, with the advent of NFTs on Prism with Refracted Beast,
I mean, something we should all consider as a community is like the implementation of DowDow on Prism.
It's just a very powerful tool for coordination between community members.
And you can have NFT-based DAOs.
I know it's not a high-ticket, high-priority item,
but it's just something that I would highly recommend
we definitely consider.
Yeah, definitely.
I'm trying to think what version of DAODAO
we have deployed already on Prism.
So I think we have something.
We have cross-chain accounts enabled.
So as OPE or DAO, we can create an account there.
And then alongside that, and I don't want to take any of the hype away from all this stuff.
No, this is good. This is really good. Go with this. This is good.
This will help us.
close there there's two things full implementation just to consider but uh beyond even that getting
There's two things.
Full implementation, just to consider.
prism listed into the dow dow apps tab because that would just be super powerful for dows we
could actually manage our funds from our dow right now i have to i'm not going to use the cross-chain
account because i can't even interact with as a dow directly and it's way too complicated to go
figure out all the
messaging for all the modules it's a pain in the ass but if you integrate and there's a whole uh
thread on how to do it and i've got good ties with noah you can get prism right up in there on the
doubt and it's just good uh exposure as well too because any dow is using it you can get prism
listed at the front end of it and just something for us to consider
especially with refracted beast i think it'd be freaking awesome to have like nft base down for
them yeah 100 let's definitely let's definitely chat about it because i think that'd be cool
um all right epic well thank you very much, everyone, for tuning in.
And then, yeah, let us know if anyone feels like this should be included.
Please ping us in, I say, Telegram or open a ticket in Discord.
And let's just make sure that everyone that should get one gets one,
at least one and then uh and then yeah like spread the word to people that um in the community and might not be in the spaces uh for whatever reason today just
to make sure that you know we all uh all the early community um people that have been in the trenches
with us for ages uh get these entities because they are going to be kind of, you know, also separate
badges of honor that people can have.
Wicked.
All right.
Thank you very much, everyone.
Really appreciate it.
All right.
30 minutes.
That's the goal right here, guys.
30 minutes.
Hopefully, announcements coming out very soon.
Let's do it.
Stay tuned, everyone.
Cheers.
All right, guys.
Have a good one.
Talk soon.
All right, guys. Talk soon.
