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Pryzm Alpha Hour - The $PRYZM Token Launch
Recorded: July 9, 2025 Duration: 0:48:42Space Recording
Short Summary
Excitement builds as Prism prepares for its innovative token launch, featuring a unique auction mechanism and a community-first approach. The team is focused on fostering growth and engagement, with new protocols like SEAL set to enhance trading capabilities across the interchain.
Full Transcription
Thank you. Thank you. How are we doing?
Most excellent.
How are you doing?
Not too bad. Not too bad. Thanks. How are we doing? Most excellent. How you doing?
Not too bad. Not too bad.
Thanks.
We've obviously got a lot of stuff to talk about,
but yeah, it's been hectic,
hectic trying to get everything sorted out
for the, for the second launch,
but it feels good, like,
feels good to see the page up, working, everything.
All the feedback we got from everyone has been super helpful.
So I think people generally seem pretty happy with the launch mechanism,
the process.
People, I think, found the tokenomics articles helpful.
So it's all good. Yes. People I think found the tokenomics articles helpful.
So it's, it is, it's all good.
You guys are moving at like thousands of miles a minute here.
It's amazing.
Yeah.
We're basically just now it's at the stage now where like,
there's so much stuff on the roadmap that we want to ship out.
It's just, we want to get this token launch done
so that people, we can start focusing on the,
you know, spending 100% of our time on, you know,
the products and stuff that we think they're gonna,
you know, add lots more utility for Prism and its tokens.
But I think like, you, and also it's a,
the token launch is, you know,
kind of a first of its kind,
like people have done LBPs before,
but no one's done LBPs with DCAs.
Or, you know, there isn't anything like PulseTrade
on Ethereum or any other app chain,
because, oh sorry, any other app chain because oh sorry any other our ones just because you can't you
can't do proper dca with uh dca you can't do dca into an amm block by block with um with smart
contracts it has to be with a module built into the blockchain so it's it's an experiment, but I think it's going to be way, way better for users than normal LBPs where they have to sit and wait and hope they're sort of getting a good entry price and maybe split their trade into a couple of different trades and that sort of stuff.
But yeah, I wanted, I mean, today we've got, we have, we've got some quality time together.
we've got some quality time together.
Just what I really want to do is like run through a bit on the token launch stuff,
but also make sure I'm, you know, we're fielding everyone's questions.
I mean, the aim of the call or the aim of the spaces
and the aim of putting out those articles is to make sure that
everyone sort of has
all the information that they need
to be able to make informed decisions
and to be able to decide what sort of course of action
they'd wanna take,
whether it's participating in the token launch,
whether it's explaining and introducing new people
to Prism, just because that's a big part of this. you know, explaining and introducing new people to PRISM,
just because, you know, that's a big part of this. Like, if we, if, you know, it's going to be PRISM token holders
that end up deciding, you know, all the important parameters,
like, do they provide liquidity to the PRISM base pool,
which allows everyone who got an airdrop to trade?
Do they, you know, they decrease C Prism governance, C Prism unbonding time, etc.
So we need a thriving ecosystem, hopefully, of lots of new people participating in Prism.
And that's going to be great for everyone that received airdrops
or has participated in the Photons campaign
or stake drop, et cetera.
So that is what we're doing.
Well, I guess on the articles, Damon, like anything,
first of all, can you hear me okay?
So is my speaker all right?
Yeah, you sound great.
Go ahead.
All right.
Nice one.
Yeah, on the articles, obviously, I can try and share it on here. But, yeah, we've published a couple of articles.
So please, everyone who hasn't already, check our articles on our Twitter buyer.
And so you've got a couple of things there which are describing how the token launch works and hopefully giving everyone all the info they need on that
and then and then we've also got prisms tokenomics and so the reality is like the token launch now
right now is in the phase where what we sort of call in the bootstrapping phase.
And that basically is people are able to.
It's now on the prison pool. So people have got time to read about tokenomics.
People have got time to read about how the token launch works.
read about um how the token launch works and then they can uh you know people have got time to think
about what price what's the maximum price they'd be prepared to pay to the prism token um and so
that's what this week is all about until monday and then you know on monday uh sort of auction
mechanism of the lbp starts where the price is gradually lowered
in a Dutch auction style until kind of the buying pressure outweighs the price decline,
the sort of weight adjustment that causes the price decline.
And so that's it. So, yeah, so we're seeing some people set up some pulse trades now and test it out.
And so that's it.
So yeah, so we're seeing some people set up some pulse trades now and test it out.
We've seen some DGENs buy Prism at a full price, which people should definitely not do.
And then we've had good activity.
I mean, right now there's 104 new Prism holders.
right now there's 104 new prism holders uh we were kind of hoping by this phase there'd be zero
because uh no one's supposed to buy at the um before the lbp started but a couple of people
degened in so hopefully uh hopefully they'll sell back or something and uh and stay safe out there
but they pushed the price up um 0.005 uh but yeah like we want to make it as simple and as easy as possible for people.
So that's why everyone's feedback is so valuable and all the questions that we get
from people is so valuable.
I think you answered most of the questions.
The only thing I would say is that this week I would definitely put out some really
simple videos of, you know, how to wait, how to test the really simple videos of you know how to wait how
to test the system wait for Monday how to put in your orders just just really simple quick video
because your your your mediums are excellent and they're full of information but a lot of
people still can't follow them just because it's a lot to take in.
Uh, I think you muted. Sorry.
I was muted.
Hey guys, just wanted to say GM.
GM, how we doing?
Good.
I'm pumped for all of you.
No, go ahead, Ollie.
I wanted you to answer that one.
No, that's, that's it.
I, I, I completely agree with Damon.
A picture paints a thousand words.
And if a picture paints a thousand words, a video must be, I don't know,
10,000 or 100,000 words.
So I think, yeah, we definitely put some videos out there.
If people have topic suggestions that they would like um then please uh for videos
and please do let us know i also i also you know one thing i think maybe we don't do enough on the
videos because we have the youtube channel i think we've got a couple of videos gone up there on
uh how to deposit usdc how to set up a pulse trade um those kind of bits and pieces. I think, you know, maybe lots of people use mobile.
I'm interested in what people think here.
So if people know how to use Prism already on mobile,
or if it would be helpful to have some videos,
particularly, you know, during launch events,
when the price can be moving around, you know during launch events when the price can be the price can be moving around you know having having the ability to trade uh on your on your mobile i know can be
helpful so if people would like to do some of those we're definitely happy to do it one of the
things i'm running into with people on mobile is that the little pop-ups don't work for them
so a lot of the data is missing for them but But I do, you know, take screenshots for them of the actual pop-ups.
But until that, it makes it a little tough.
Yeah, I mean, you mean the cool tips, right?
Yeah, yeah, yeah.
Okay.
We're working on a solution for that already,
but we will press that as a top priority
okay i really like the tokenomics by the way i'm a little afraid your team allocation is a bit small
but uh i was happy it was big enough that i think that it'll align the team with flowing all uh
all the power through the token,
which is what I want to see.
Yeah, I think the main thing for us to like, the way I look at it is there's tokenomics,
which means different things to different people.
But for me, your tokenomics is actually like,
how is the token going to make revenue what's the token going to be uh like what's the actual economics of the token like does it make cash flow is it you know does it do buybacks do
it does it do burns is it inflationary is it deflationary all that kind of stuff and then i
probably put in a separate bucket token distribution like who holds the token who's going to hold the token um when are they going to
hold the token and then like in the third bucket is probably things like token utility like what
can you actually do with the token um when you have it that isn't there aren't things that are
necessarily captured by the economics so i hope that article like provided um provided you know
some stuff i think like you know the main thing to emphasize that makes it very different from
a lot of other protocols is like normally normally you have um you know somewhere up to
um you know somewhere up to you know 40 to 60 percent of the tokens kind of like
going to insiders which is vcs angels um you know team of including insiders etc but like
uh and that leaves like very little for the community and normally with cosmos chains
you know vcs get tokens vcs can then stake these vesting
tokens and vcs are just like constantly dumping staking rewards on the community even though
their tokens are locked um and that's what you've seen with dimension saga celestia um and a few
others so that's something that we absolutely want to avoid from our community. And basically, you know, the team is, hopefully people have seen, you know, we have been sticking around, shipping proper products, trying to push the boundaries on what we can build.
For the last three and a bit years, the team's got a really long term view on what we want to do.
And so the only people that are getting tokens basically are the team and
community. And so that's kind of like the way we think it should be.
So it's a bit of an experiment, but yeah, like the team,
the team allocation at 20%, given there's no VCs or anything like that.
I think is, I think is low to be honest, but.
I do too. You could have done 50% and I would have been happy. I think is, I think is, uh, low to be honest, but, um,
I do too. You could have done 50% and I would have been happy just the, the more, the more,
the more that the actual producers get and the more that they get paid through
the token, the better off the token is for everyone.
Yeah, exactly. And the, and the way, um, you know,
and then ultimately like if the community ends up deciding they want to you
know the community should choose what they want should choose what they want to fund uh in the
future and so like you know there's there's uh if the community decides to keep chain inflation on
then tokens go to the community pool the community can allocate tokens to the team like and hiring new members of the team if they want
um the community can send treasury fees to be burned and make the token deflationary
um so the community has like uh you know a lot of choice i think i i some of these tokenomics
charts you sometimes see on these protocols it feels like they um use a lot of uh snazzy charts and um time frames and
use words like harvening and all of this you know and third inning and this kind of stuff
um to sometimes obfuscate uh some of the some of the you know slightly uh
some of the some of the you know slightly uh clandestine stuff that's going on whereas i think
you know for us we just don't want to we just want to have like a no frills no
approach to it where we're like look this is this is where the tokens are getting allocated
we're not going to do some chart charting out what token what the chain uh looks like if
inflation's at 10 for the next five years and
then we do a halfening and then a third inning and then a you know a quarter or whatever like
we're just like the community should decide chain inflation you could you know the chain can be
deflationary or inflationary um that's kind of like how it works in the real world in TradFi like these kind of like
forced things in DeFi that
people do I don't think
I don't think we'll stand
this test of time so
we just
the aim of it is to just put
power in the community's hands and the community
can decide
the token
inflation and deflation going forward
the token economics are interesting
because there isn't any
it's totally up to us
so it's totally weird
but awesome
but weird
the thing is
it's a
it's a
real revenue generating product.
And as it scales, revenue will scale.
And then, you know, in the real world, the directors of a company would decide what to do with the profits of the company.
They would then make a suggestion to the shareholders about what they
should do the shareholders would vote on it um and and that's kind of the way that i think
defy should really work like token holders you know the the business should make profits or have
key things that the business can do um shareholders or token holders in this situation should vote on it and then you
know in in for me token holders should be it should have lots of options with what happens with
revenue i find these uh i think it's a shame when you see defi protocols when they just do a um
they just only you offer one thing so only offer a buyback and burn or only offer staking
rewards or that kind of thing like at different parts of the cycle it it may make sense for
there to be a buyback and other times in the cycle it may make sense to distribute yields to
um to token holders and other parts of the cycle it might make sense to hold profits and yield
bearing tokens and keep accruing rewards and and kind of like grow the treasury and war chest of
the protocol so that um you can seize opportunities in the future and so i think that's the aim is to
try and give uh give token holders um that choice and then yeah like prisms and l1 so obviously
we're building these other
protocols on top of it that are going to add more utility for the assets like um seal the order book
squirrel the uh squirrel the um the money market and then hedgehog the options protocol
and then prism token holders um we'll get ownership states in those as well.
I'm sorry, I didn't see.
Those protocols coming out,
your timeline on that is really tight.
That's amazing.
How's SEAL coming along?
SEAL's pretty good.
Hey, JJ.
SEAL is good. We have basically basically we have an amazing ui um really simple really clean uh
which uh enzo from the community has helped us out with we have all of the contracts done
on cos and wasm um so that so they're fine so we probably test net on that on prism you know we were aiming for this week uh but
obviously with the launch uh maybe next week and then um so people will be able to try it out
themselves and then if feedback's good uh and hopefully you know hopefully mainnet very shortly
after that and it's going to be you know that is the aim with um seal is to make it
like your uh the best place to trade any asset on the interchain to start off with so if you've got
atom on osmosis and you want to earn you want to own you know p lunar then you'll be able to set
up an order doing that with your atom on osmosis or your usdc on
osmosis if you've got you know assets on injective and you want to set up an order you're able to do
that uh with seal with one click any asset to any other asset on the interchain um so yeah so we
want to make it a we want to make it um the place where you do your interchange rating if you're if you're going to sort of set an
order and uh yeah and we obviously you know the prism community is going to be pivotal
pivotal in sort of spreading the word about these opportunities to um throughout kind of like the
interchange and so that's that's that the money market. And then we are writing the contracts in a on on Solidity for Ethereum as we as we speak at the moment.
So there's some pretty cool stuff you can do on Ethereum where you can make creating orders gasless and cancelling orders gasless.
So it's going to be a new thing on Ethereum.
So it's going to be it's going to be a new thing on Ethereum.
And that'll just take, they'll use the same UI,
but it'll just take a little longer to get that out.
So probably a month or two months, something like that.
And then the money market's already written.
We just need to do the front end for that.
And then the options protocol uses a load of the code from seal. So that will be pretty easy
to spin up once we've once we've got seal out the way. So it's exciting. And then we've got all the
bits and pieces that we're excited to work on. But those are those are the main priorities at the moment. I've been noticing that people like Osmosis creating Polaris
and all these other type things,
isn't that just another skip.go?
I don't see what they're bringing to the table,
whereas Prism is bringing, you know, you can set limit orders.
you know, you can set limit orders.
My, my, um, my view on it is right or wrongly, when, when you look at things on, uh, some of
the, like the ones that the decks aggregators that are doing the highest volume on defy
llama.
So things like, uh, cow swap, uh, one inch, you know, unit sw like CalSwap, 1inch, Uniswap X.
So I think that matching algorithms or routing algorithms
where it finds the best route for you, I think they're great.
But I don't think that necessarily gets you the best price because you're not you're only accessing uh atomic liquidity uh on the chain that you're on
and then or like across the inter chain if you're using uh if you're using something like go.skip.build
but what you're not you're not getting access is um tokens that people are holding in their
wallet self-custodied or you're not getting access to sex liquidity centralized exchange liquidity
um so the so the point of seal is to say well look there's no we don't believe in
uh complex routing algorithms because we're not doing swaps we're doing uh limit orders but what
we do believe in is that there are
incredibly sophisticated market participants out there who are happy to make uh you know who are
not looking to make huge profits uh irregularly they're looking to make small profits very very
regularly and compound those and those sophisticated market participants will if you sell a limit order
and you give them the ability to reserve that order and then go and find the best liquidity
uh you know once they find the liquidity on a centralized exchange another layer one um another
decks wherever they choose to find that liquidity from uh and they've locked in their profit before they
go and buy that token on the other exchange uh then i think you're in a you know you're in a
really good position to allow those users to use their kind of like uh skills to to fill orders
whereas when you use an aggregator at the moment you know they have routing algorithms that they
run to try and find you the best route
but you're only getting to use that one person's routing algorithm what you know the theory behind
uh seal you know and something something similar to cow swap is like well actually what if you
what if you said well rather than just using our own algorithm, we're going to, you know, allow people to compete
to give the best execution to people and run their algorithm.
So you've got loads of people competing rather than just one.
So that's kind of like the theory.
I think Polaris looks like a great tool.
And I think, you know,
it's differentiated to skip in terms of the sort of chains it supports and stuff.
But I think that's for, you know,
good for atomic swaps when you need to do,
or not atomic swaps,
but swaps when you need to go cross-chain
and you need a price right now.
But I think for, you know, for many DeFi users users you're better just leaving a limit order at your price like tokens are so volatile
right leave a limit order one percent above the current price or two percent above the current
price and your order is going to get hit you know pretty much most times um and you've made yourself
an extra one or two percent particularly when you're trading chip coins that have high volatility so i i you know i'm someone that doesn't really like leaving or
doesn't like just um atomic swapping because i think you end up paying the fees you don't get
done at your rate and uh and tokens are volatile enough that you can just leave a limit order one or two percent higher and if you think about every trade you've ever done in crypto if you took one percent more on that trade
think about how much richer you'd end up being um it sounds like this is the first like plug-in
to institutional you're you're really going to bring in a lot of the big players i like it
which is why that's why i think ethereum's good for it because that's where a lot of the
a lot of the institutional players are um uh what was i going to say jg if you um i don't know
whether you had the chance to look at the launch look at the launch page or look at any of the articles. How are, what are we-
I brought it up too, up on the top of our prism tokenomics.
Yeah, on my end, it looks pretty clear,
but yeah, I'm curious to see what people are saying too.
Yeah, I think we've got,
we haven't got any questions coming in yet.
I love, I love the word jumbo tron. it's my favorite it reminds me of friday night lights which was i mean what do we
call it i i feel like i don't know but i love i love it i think jumbotron's great i missed a bit
of the beginning i don't um sorry guys because i was having issues coming up with the genzio account
but um i don't know if this is something that cause I was having issues coming up with the Genzio account, but,
um, I don't know if this is something that you mentioned at the beginning, but maybe that we
can hone in on. Cause I know it's up in this, up in the, up in the tweet as well. Um, Prism is
really priding itself on being community first, no VCs, no angels, no KOLs. Um, you know, and this
is something that I feel like we don't really talk about enough.
Because, you know, look, see, he's giving me the 100s.
I don't know if, Oli, you wanted to talk about that as well.
You know, the strategy, how you guys have decided to launch Prism Token and how you
guys have been doing this organically.
Yeah, it's been a,
it's been like a core thing we decided at the very start
as a team, which was,
we wanna try and bootstrap this with,
just with the community.
And so that was the reason we started up stake drop because we were like okay
well look i think you get uh you get lots of teams that will sell a huge amount of tokens to vcs you
know whether it's 10 of the initial supply or whatever to vcs in their first round or 20 of their tokens to vcs um and you know these teams taking a load of cash and
uh they you know they don't necessarily need all of that cash up front but they raised it with the
with the vcs and then they start ripping it on the conference circuit flying bizzo class around uh
around different places spending the VC's money when,
and actually they've given away 20% of the tokens
that then end up getting dumped on the community later on.
So I think like the thought process behind this
was let's do an experiment
and let's try and earn semi-regular income through,
or fund this through semi-regular income um running the
validators and we're just earning commission on the validators that people would be paying
anyway to all the validators that aren't offering them anything um and then hopefully if we can if
we can try and get to the token launch having done that then there's not going to be any
huge cliff of investor tokens that will
end up getting dumped on the community later on um it definitely means that you're not um
you know you're not splashing around in vc cash that you've got um and you have to be a little
bit more prudent about what you do i think if you're building a long-term product like we're trying to do here um you know then i think then i think it's
it's important to uh to try and do the right things by the community and to try and democratize
access to the opportunities like the stake drop tokens you know ended up being it's about
i think we said in the tokenomics it's about one percent of the tokens have been earned so far
through state drop um we've set a cap on that at 5%,
so State Drop's going to
continue and people can still earn tokens
if they're sort of diehard
delegators and
they prefer just to delegate
to a validator than use their tokens in
DeFi, they can still earn Prism tokens.
But, you know,
the sort of community ethos
is super important to us and i
i feel like when people are chatting about it in the you know some of the long-term community
members i think like people are on board with it as well like it's it's not as i say it's not been
easy but i think it's a really good experiment to try and do this and see if you can launch an L1 this sort of way.
I think the only other L1 that I know that's,
or sort of feature, app chain L1 that's done this,
is hyperliquid.
I mean, if we even had a fraction of that success,
it would be a huge result.
But it shows, it definitely was reassuring to us that there is demand from users to
buy tokens in chains where there isn't a huge VC an investor overhang of tokens
so I think Hyperliquid set a great example there but yeah that's kind of like why we're trying to do it
why we're trying to do it.
Nice.
I was waiting for people to butt in.
No, no, no.
I just want to say something on Hyperliquid.
I was just reading up about them,
and they're talking about how their trades
are built into the chain and on the block
and all that stuff.
Is that very similar to the Pulse trade that you built?
I mean, there's an on-chain limit order book.
And so, yeah, like, I mean, there's definitely similarities,
like IE, they've created customized modules
that facilitate their blockchain logic,
exactly like
Prism and so I think
when you start thinking about
what I'd call
true app chains where
they've built customized logic into
their blockchain
that does DeFi
then it's only
really a handful out there
and the only kind of people can feel free to write in the comments
if you think I miss any.
But I think for DeFi logic written into the core of the blockchain,
I think you have things like Injective with their order book.
I think you have Hyperliquid.
I think you have Osmosis with their AMM modules.
And you have DYDX.
And then I'm drawing a blank if there are,
and then obviously Prism.
Wow, that's a short list.
And then I'm drawing a blank if there are any other
kind of actual DeFi app chains.
Is Injective similar to hype yeah like injective injective is like one of the um og app chains alongside uh oh sorry i
i count thor chain in that as well, in that list before.
Injective is one of the OG app chains like Terra version 1,
which I'd say was a true app chain as well, and Thorchain.
And so Injective had this kind of order book and frequent batch auctions built into their blockchain.
And so they were one of the first as well i am i'm just checking the questions other than uh
we haven't even we haven't even got any spam stuff today we haven't even got
we don't even have someone saying,
follow this guy, his trades are really good.
But, um...
Hey, Ali.
JG, how are we doing?
Good evening, good morning.
Hello to everybody in the audience.
I just wanted to chime in real fast.
Sorry for being late.
I had a call that I could not get off but i was uh you know trying to show support and just linger in the in
the in the speakers panel for a minute but you know i wanted to just go with a little quick
update uh we we have um on on on our marketplace we have tested the collection offers on Terra. They work. So we will start to
upgrade all of our marketplaces over like the next week or so, or maybe two weeks, we'll get
all that ready. But we want to come and have refractive beasts to the table, like hopefully
in like the next two weeks. I see Thomas, I don't want to over promise. But we want to make sure
that we can start to build identity and community
around Prism, right? Because a huge part of this is for people to be able to represent
their tribe. I mean, you know, right? I mean, this is all, that's what we're doing here, right? So
that's on the table. You know, we're really excited for this launch the site looks so good bro i'm telling you it's one of the cleanest um defi sites uh that i interact with and um i'm actually my strategy just you
know i don't want to throw anybody off i'm waiting towards the closer towards the seven days of this
first round before i put my money in i don't know why i just feel like every time i get in too early
that's just my personal opinion right so i don't want anyone to feel this is a this is an event this is a two-week event
there's two parts to it so there's a lot of different ways to play this I want I
want people to start to learn right read the article read these articles they're
putting out it only takes like 10 minutes if you don't understand
something hop in the telegram and you know, these people are all, they all want to teach is what I've learned for myself, right?
Because I don't have, I don't come from a technical background.
And I've managed to find a lot of technical people who patiently explain how to take advantage of these situations and these opportunities that are being built for us.
So, again, Backbones is super excited to be able to help create the community help get some art if there's artists who who feel passionate about
this contact us if you want to help make a collection or you have an idea contact us we're
we would love to uh see what your idea is and help um bring it to life on prism because we're
gonna have a marketplace uh for culture that's the whole point, right? Like we want to make sure that we're starting to have fun again.
Yeah.
I'm excited for the necropolis stuff.
I'd say on the,
we have a hard close in just over five minutes.
So if people do have any questions or anything like for me,
for anyone, please like, please let us know.
But yeah, like appreciate that jg on the site
i mean like honestly the the i'm super happy with the launch page uh and what we've done with it and
i think most of that has come from community feedback which is cool like we've been saying
to people like here it is on testnet we keep pushing changes um please check it out let us
know what you think give us
your feedback and so that's meant that we've got to like iterate and produce something better uh
because of because people have been so helpful giving us feedback and then i think you know we
tried to put stuff on the launch page that is going to help people make decisions so like you
said like you say you know previously people have like waited to the last
minute sometimes and missed out on launches just because uh you know they didn't know if it was a
good time to buy they didn't know if it was going to go lower or you know whether they'd missed it
and it was only going to go higher from here um and that's why i think pulse trades you know just
being able to like set a dca and be like look i just want to buy gradually over the next three days
or five days or whatever this is the maximum price that i'm prepared to pay um and that's it
and it just takes the guesswork out of it and you just you just gradually buy um i think the other
stuff that we put on there to try and give people more information on the launch page is you know
the amount of prism holders so that's the amount
of people that have bought prism tokens uh or hold loose prism tokens in their wallet
um we've put the circulating supply on there which is uh people can see in the in the tokenomics
article but the circulating supply is everyone that's received an airdrop already plus um any
tokens that have been bought out of the uh out of therop already plus any tokens that have been bought out of the launch
and only the tokens that have been bought out of the launch are in the liquid circulating supply
because all airdrop tokens are currently need to be converted to C-PRISM to get back and C-PRISM
has a unbonding period of 120 days, which Prism token buyers will get to choose what to decrease that to.
I think we've also put USDC in wallets into the launch UI.
The reason for putting that there for people is you know you're you'll be able to see if uh if people
move large amounts of usdc over to set up pulse trade orders um and so that can kind of like give
an indication if the market might be about to move significantly um obviously people can buy prism
using ghost kit build so they don't need to have usdc on prism to be able to trade and then one of one of the other things that i think
is fun is if you go below the chart and you can see the live dca and limit trades
you can kind of adjust the price there on cumulative and um this will be cumulative
and discrete and that's going to show you like where people have set their max prices on the pulse trade.
And so that once we get into the launch, that will give you a good idea of like where the repetitive buy pressure is coming from during the launch.
Obviously, if people just do one, you know, large individual swaps or limit orders get hit in large size um that will cause the price
to jump but the pulse trade hopefully just gives people some ideas of like okay where would i where
would i set my max price like where do i think it's a good uh a good level to do so trying to
give users all the information there that's that's available on the chain we've got trading view
charts for people that want to do more technical analysis. And then you've got the market cap chart and the price chart for people to be able to check.
And then also next to market cap, we have put a compare button.
So you can click on that and you can see, you know, a prism, you know, some prism comparables and other Cosmos L1s, and you can see what their market cap is,
which, you know, allows you to sort of maybe do relative value yourself
and be like, okay, is Prism cheap or expensive at this market cap?
That's trying to give everyone the info that they need,
and if there's other things people would like,
then please do let us know.
Nice. people would like then please do uh please do let us know nice i thought we were going to get i thought we were going to get either the article's really good or people have been shy on the questions because uh
i think my people being shy like we've um know, Damon, thanks very much for the suggestion on the videos.
We're definitely going to try and get more and more of those out
and get those published on YouTube and shove them in Telegram maybe as well
or create a YouTube video site on Discord or on info.prism.zone.
But if anyone has any other idea...
I have...
The comparables is really tough
because, in my opinion anyway,
the Cosmos chains have the wildest prices.
Sometimes they're ridiculously overpriced,
sometimes they're underpriced and i
don't know how to even compare them but like osmosis for example why is it so low i don't
have no idea but um anyway it ultimately doesn't make sense to me i mean that's so i don't want to
i i feel bad talking about the change prices but like i don't know i i can't understand why um the relative value that's a uh osmosis market cap is 110 million
and dimension market cap is 76 million doesn't like yeah not saying anything not saying anything
bad or whatever but like you know osmosis has a proper working product like absolutely loads of trades
read through read through osmosis i don't understand i mean even saga is at 60 million valuation
um but one thing i was thinking you could do is allow us to compare prism to prism if you put out
like uh how much it's earned so far potentially for the token depending how we vote um over how much time
or or how much trades and if you just use percentages because then we can scale that
but then we could see like what kind of income potential does have does prism have as a token
itself yeah we've got i mean that information is actually all available on the block explorer but
i we we can do a better job of um flagging it so you can kind of track the revenue that's gone into the treasury module over time and obviously like uh
um that will you know from from launch day onwards all revenue that accrues in the treasury
module will go to prism token holders right i'd love to see some kind of a an idea of what that is percentage wise like you know
a million trades or a million in volume equals blank for token holders yeah we've got trade
volume data in that yeah i agree i think we would definitely do that and i think you know one of the
funny things is it's actually hard to find revenue stats for these other chains um so that people could do a
comparable on revenue just because uh a lot of the a lot of these don't really make a lot of these
other ones don't really make revenue so it's sort of um uh so yeah so it's hard to find comparables
on that but anyway yeah and and we like us guys who've been around we know that the chain is built to give money
back to the token and that it's a cash cow but it's just it's just how to communicate that easily
that's all yeah agrees agrees um all right well look i will uh wrap things up now but like thank
you thank you so much everyone for uh for tuning in if there are questions that
people have obviously i'm sure people you know there's going to be tons of things people would
like to know and would be helpful for for them during the launch so please do like let us know
put it in telegram um write it in the comments under this uh and then we'll make sure that we
try and get to everything um but yeah we're going to try and do a lot more spaces
and Discord AMAs where we can sort of share screen
and walk through things over the next 10 days
until the end of token launch.
So yeah, any ideas or suggestions,
please let us know your feedback.
And obviously the important thing for existing Prism holders
is that we find new know new prism holders uh as well that want to come in and want
to provide liquidity and want to be part of the ecosystem and that will create good trading volume
between the airdrops that everyone got and uh and usdc and prism and give more opportunities for
people to provide liquidity so that reminds
me you should you should mention that people have have a one day unstaking on yeah i was gonna say
if you can give us a break a breakthrough like a like um a breakthrough of all the the important
dates for people that would be awesome dates yeah so as as damon said so everyone has uh we're going
to publish full article on that
damon so don't worry but like um you know everyone at the moment the unstaking period on prism yield
lp tokens has been reduced to one day so if you accidentally state yours before then uh you can
go ahead and unstake it and then get it ready for um what you decide you want to which incentives program you decide you want to
participate in um more details on that will be uh done soon you know it um we will send it out we
have we have it all we have it all ready to go um and then uh in terms of dates monday is the
really big date that's when the uh that's when the price starts decreasing
um and we start getting uh you know until sort of supply meets demand so make sure you're ready
before monday you've got all your questions answered you know everything you need and then
that lasts exactly one week that process um to buy the prism tokens in the primary market and it's everyone's first chance to buy it.
Cool.
All right.
I have to jump onto another one,
but really, really appreciate everyone taking the time.
And yet any questions that weren't answered,
please ping me a message on Telegram or Discord
and we'll try and get to them.
Are you doing another Spaces?
Do you want to invite us?
No, no, no. I'm not doing another one right now.
I have another call, unfortunately.
You can come to my call,
Damon.
Damon, you can come.
Good luck, Ollie. Take care.
All right. Thanks very much.
Take care, guys.
