Q&A: ASK us anything you ever wanted to know about Menthol Protocol

Recorded: Oct. 28, 2022 Duration: 0:47:49

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Hello, Amir, test test. Hello, Ashley. It works perfectly fine.
- Terrific, hello, me, Jay. - Hey Ashley, hey, Amir.
Okay, I guess we can get started. It's the bottom of the hour. Um, Amir, Mice, Daniel, thanks for tuning in.
I know everyone's really busy. Everyone's been working a few hours already. I believe it's the afternoon for you, Amir, or early evening.
It's actually, it's 6.30 pm in Berlin time, essentially a P-time. Oh my. Mecha, what time is it for you? I'm in 11, it's 11.30 in the morning, so I'm the next go-see right now. Terrific, terrific.
Okay, well, I guess we can get started a year. Good morning, everyone. Ashley from San Francisco. Thank you for joining us today. I hope everyone had an amazing week thus far.
We've been hard at work here at Menthol within our tech, sales, research, marketing, and process improvement departments. So I'm glad we made it to Friday.
As always, thank you for joining our weekly Twitter space. If you're listening live, a big shout out to you and if you listen to the recording, a big shout out as well for your continued support. Last week, I
We also talked about the importance of the project.
of community and how community impacts the Web 3 space ecosystem as a whole. Today we'd like to address some questions that were posed by the community during our AMA with Squips, GaleSwap, the week prior.
We did answer a few questions on our social media account, but we'd like to comment on those that we have not had the opportunity to get to just yet. So that's what we would be doing today. Mayor, do you have anything to add before we get to the questions?
No, not really, except that we'll have a follow-up on the tokenomics and exactly how the token is used in menthol. But I think I'm looking forward to the Q&A session for us as well to answer all of those great questions.
So we broke down the questions posed by the community during that scale swap AMA into three categories, investing in profit, partnerships and mental protocols, road map.
So I'm going to shoot out these questions to you, Amir. I'll add some input if I think I have the answer. But we also have MiHA if we get to a more technical question as well. So the first answer, our question Amir is
It's a two-part question. What are the characteristics of a platform that is attractive to users? And why should they invest in mental protocols, platform, and project?
Awesome. So this is a very interesting question. Maybe actually would you want to give the first answer on this because I think you have very interesting thoughts on answering this question and also Chippen afterwards. Sure no problem. Yes, so for me in my opinion,
in an attractive platform is user friendly. They don't have to question which button to hit what they're getting into and what they're looking for. So connection for me, how easily others are users
can plug and play into the platform. Gravity, how the platform attracts users, is it appealing. There's a lot of technical aspects that go into what mental protocol is doing.
and the trick is to make it so easy to use that even our grandma's could use it. Someone that knows very little about carbon, carbon emission or you know really they really aren't focused on climate. So we want to make it as user-friendly
And that's an attractive characteristic for me. And also the flow, you know, how well the platform fosters exchange. The co-creation of value. Are we bringing value not just to our mission vision and values at mental protocol, but, you know, are we creating value
the entire ecosystem as well. So in my opinion, those three characteristics are key to a very user-friendly and attractive platform for users. Make what menthol protocol is at the technical level and turn it into something that the general
I think that's the best way to understand the population, understand that might take on it. Awesome. No, no, those are like really good explanations for the platform business and what is important. So the user friendliness we know and user simplicity we know from Amazon really well, right?
The product is there partially if you order new iPhones, so they're even more aggressive on that. The gravity and the stickiness which you mentioned completely agree to that. And also the flow has to be important as well as other service providers coming in. So when we look at a theoretical, like,
language behind platform economy and what the advances are. We've got, we are an aggregator for the demand side, right, providing them an overview of the whole supply side. So we give them this access. We've got direct network effects. The more users actually use the platform,
the greater the impact will be, in our case the greater the climate impact will be, but also indirect network effects where we've got not only the suppliers providing ad you value, but also for example, AI and machine learning and big data
solution providers plugging into mental protocol to make the relationship between the supply and the demand side more transparent and more verifiable. So those are different points coming in here. I think you you summarized it much nicer than I did actually. So yeah, I think to have a nice
flow and to have a strong offering and a very user centric flow, allowing everybody to offset their historical and future carbon footprint on chain. I think that's there's nothing more to add. Terrific. And as mentioned, you know, the mental protocol gap is very easy to use.
It's pretty much copy and paste and our tech team did the work for you so our cool bot will do the thinking so as far as mental protocol I believe the platform is easy to use. It's easy to use and it allows scalable action so those are like important things also.
terrific. Awesome. So the next question, Amiri, is how will it be possible for mental protocol users to earn passive income on the platform? So there we have a few. Basically, we can jump into the tokenomics discussions we had.
from last week. So our main utility having the token in mental protocol is an access token. So people will stake cool token in order to unlock their user account, dependent on how many transactions they want to offset, they'll have to also stake more cool token.
So the cool thing is that once you unlock a cool pool, you'll be earning staking rewards. So for the activation of a cool pool, it can be like, for example, a community member of Polygon providing the cool tokens to the cool pool of Polygon. So this person will get a staking reward.
word based on the activity actually happening in the school pool. So the cool thing is that although you stick cool token, you will be potentially rewarded with stablecoin for example in form of interest. So that's how we try to make it attractive for the DeFi world or
the D5 players to take a look at mental protocol at RIFI and maybe to find some enjoyable staking rewards over there. This is basically the main staking reward mechanism. So if you unlock any cool pool which is existing on mental protocol or create one and unlock it, you'll be getting staking rewards for that.
Ashley, may I kind of also put a quick analogy and please, if anybody did more research on Filecoin, let me know. But I think I'd like to, we'd like to also think that if you think about how Filecoin works, if you want to store some
I believe that the native coin file is used to you have to pay in that to get access to that service. And I think that's what we're trying to do here as well. Is that correct, Amir? So we will basically allow any token to be used for the concrete settlement
and purchase of the carbon credits but you're absolutely right to unlock the cool pool not to pay but just to unlock you'll take a cool token. So basically we'll have basically two components to a cool pool. One time you'll have to activate it. So in the usual business of software as a
service, maybe you have a pricing model of charging 10 euro a month for the service. Instead of that, we'll just ask the people to buy cool token, to stake the cool token in the cool pool, and if they don't want the service on this cool pool anymore, they can sell it off. But then we will have the cool pool holding liquidity.
This liquidity can be, for example, a martyck token from Polygon, or it can be directly the G&T token from Flo Carbon, which is a tokenized carbon credit, which will then be consumed over the time, or the matic will be used to purchase carbon credits, which will be retired.
that is spot. So this has a small comment basically on the cool pools and what you stake. And just to mention one more point, maybe this goes like one step further into a feature we are working on. Namely, if you have cash in that cool pool, let's say it's Matic or
It's some other kind of token. Besides the cool token, you will be able to connect this cool pool to a defy revenue bearing protocols and use only the generated interest to pay off the
So also here we are basically allowing people to tap into other DeFi revenue streams and to redirect their earnings towards positive climate action. So those are like different aspects of staking which come into play with menthol as an example. We do have a few more, but we'll keep that maybe for the next calls.
terrific great great now with you. Thank you.
Yeah, thank you. The next question mirrors surrounds insurance on user funds. Do we, does mental protocol have insurance on user funds? If not, why? Awesome. Very good question. Also a very guiding question. So we've
actually been taking a look into that, but we will be providing more information on the exact insurance, which we will have. There are different solutions out there. Yeah, so we will update you on that, but this is an important point, which we also have an hour to do. Terrific.
And where will the projects profits come from? Awesome. So, and basically there are different revenue models which can apply over here. So, and the beginning following a market penetration strategy, we will not encore any costs and we will
around our services, but as the time goes and we as well as any other project have to become profitable and revenue generating at some point, we will consider following options to create revenue as we are a platform and we are in charge of
the transactions of the supply and demand side. Having a turn over there, we can take a cut of that turnover. So that would be a very small cut, which the Dow, until the Dow would basically decide on this exact parameter and would be able to adjust that. So besides having a small percentage, we also have
another option which we can do on top of it or basically only the second option this would be taking a cut of the DeFi revenues which each cool pool creates. So we would take a small cut of the DeFi revenues happening over here to finance mental protocol and the vision of making sustainability
affordable accessible and integrated into everybody's life. The third option is actually negotiating better prices with our supply side and passing over one part of the saving to our demand side, being an aggregator for impact tokens and one
part of the saving we can use as internal profit, so to say. So there are different models around here. They can be DeFi, they can be stemming from the normal revenue fee. There are also other pricing methodologies we looked at, but those are the top three we're looking at to implement maybe in, I would say, rather two years than one year.
Awesome, thank you Amir. We're going to move on to the next set of questions and it surrounds partnerships. Question posed is, can you tell us about your partnership strategy to strengthen and develop
the menthol protocol ecosystem and what important partnerships have you signed so far and what are your most focused areas? Okay, three questions in one. I mean, you're so about that. No, it's no, it's just like a small side note fight is
happy to have you here and join us, Fighter's Gang. If you have any question you'd like to pose, we're just going over a few questions asked by the Scales Hope Community in our last MA, but happy to have you at in the question of year. So regarding the partnerships and our strategy, again,
We come and take a look at the perspective of a platform business serving multiple sites, namely the demand side, purchasing impact tokens and the supply side. If you take a look at the supply side, we are starting with tokenizers of carbon credit. So we don't go to projects which do not have a tokenized solution in between. We go and
Basically, partner with the tokenizers of impact tokens, as we want to create the best solution for them serving their customers. This was very important from the get go. Also for market entry strategies, it's good to have a strong and close relationship with the suppliers.
The second part, the demand side, we've got partnerships basically looking at two market segments. We've got the Web 3 market segment consisting traditionally of B2B and B2C. B2B Web 3 would be networks as the biggest B2B partners then
one step below the DAPS on the B2C side we're talking about individual wallet users. So we are concentrating our solution heavily on Web 3 in a first step, but have already started conversations and are eager to venture out into the non-Web 3 B2B and B2C.
So I personally come from the non-web3b2b. My job was running around and selling stuff to the major focus, the German industry. We've got quite a few, the automotive amongst the bigger players there. So we will also talk with them and not only give blockchain projects
with on-chain transactions, the possibility to include positive climate action with each on-chain transaction, right? That's what we're doing. We will also allow the off-chain companies with their off-chain economical transactions, maybe the sale of an Audi A4, to include into this transaction, to this
sale, positive, verifiable, transparent, climate action. So those two segments, especially B2B, but non-web3 and web3 are at our heart. We are starting with different L1s and follow their top-down strategy. But the
being 100% permissionless system, any user, any community, any grassroots movement can kickstart the climate positivity of a big project as well. So we have bottom up, top down, Web 3 and on Web 3. Sounds a lot, but we've got a smart prioritization in there.
Yeah, we are looking forward to closing good players in those segments. Terrific. Thank you. The next question surrounds nonprofit organizations, states, I see that you have been collaborating with nonprofit organizations that have been
trying to protect nature for decades. What do you pay attention to when collaborating with a company or organization? So when we look at the collaboration with nonprofit organizations, so we started to reach out slowly to a non-web 3.
environmental projects, so not to the tokenizers of environmental projects, but actually level behind that. We seek understanding, we seek to transfer knowledge of new revenue streams and business models possible through Web 3, benefiting
So first of all, we want to create a better understanding with those nonprofit organizations, and then of course help them to build new business model innovations and attracting investors and high quality projects for us on the other side of the equation.
education and it's about exploring collaboration. What is of course very important for us is that we are talking with impactful projects. So there can be impact around the awareness of creating awareness which is very important as a first step regarding climate action and there can be actually really
impact in the sense of measurable carbon saved from the environment. So we'll be working with different kinds of projects targeting awareness, but most importantly, getting high quality impact tokens for our users to actually have an impact for climate action when using us.
Ideally, they fall all aligned with our values of being transparent, accountable, basically good human beings, I would say, also in a business context. Definitely. That's a good answer. Amir, thank you. The next question.
Again, within the partnerships topic is how or through which big partnership do you plan to pass your product onto the normal, especially non-cryptopepo? Awesome. So that's a lovely question being in our loving sales and business development.
As mentioned, we have in the Web 3 B2B, we can either go to single-depth and offer the service, which we'll anyhow do and love to do, but we can also enter the market through multiplicators and through top-down
strategies, that means that we go one level above, go to Polygon, who has 50,000 DEPs. I understand on them so we can go with our Multi-Pickator Polygon into this entire market, also allowing a top-down climate leadership to occur.
So identifying those multiplikators is important to us and also addressing their needs. Now looking into the maybe much more interesting question regarding non-cryptopepial. So what we've learned in our talks and in our discussions
with like big players, it's a billion dollar strong players selling their products and also attaching environmental climate action to it already now just without with three. We understood that we are not allowed to use crypto terms when talking with them. This is
old wisdom because we know that but we fall into the trap of talking too much about like the crypto part of our solution. At the end of the day, we believe that it makes sense. We are discussing that to even have a separate brand and a separate setup for the non-web three world. No wallet integration.
They should not even hear anything about crypto that will come in the second step when we educate them on how they and that's the value proposition reach transparent verifiable and customer engaging automated climate action. So this is the value proposition when talking with non-web three companies.
which we offer. We allow them to build climate action and social action into each economic transaction they have in a transparent, verifiable and custom-engaging way. Levels up to what they're used now. So it's like stating the value proposition in a different way, maybe even creating a different brand and it
additional services to not let them think about a wallet or anything like this if you're actually just trying to bring them yeah climate action. So this was an answer on this interesting question. Yeah, man, I just a quick 15 seconds
note on here as well Ashley in the mirror please please do so and also Daniel and our listener Fancy feel free to drop in with questions thank you for joining in sorry yes please also feel free to tune in everyone else as well for just to read
I could reiterate and echo what you were saying in here, just to come from my background and network as well. I've left the corporate almost two months ago or so. And, you know, just echoing the value proposition of
of web 3 and blockchain is there, but unfortunately due to you know culture and technology adoption, etc. with these larger corporations, they understand that blockchain exists, but it's very slow for adoption, right? So,
We'll definitely need to work around that while still being transparent. But as well at the end of the day, we want to make sure that we're working together with climate reduction, climate
entities to actually make this change, right? Web 3 just allows for the scalability and the transparency or immutability of these assets, et cetera, but it's definitely a multi-level problem. Couldn't agree more. Thanks for adding.
Amazing. Thank you, Miche. Next topic, Amir, is referencing mental protocols of roadmap and what the future holds for us here. First question is, could you please tell us about
upcoming roadmap and events and what are your priorities this year and where do you see your project in the next five awesome awesome so we don't have too many months left right this year two months left we've been working hard
this year, all towards actually next month because that's when we have our beta version one release. We already have it active in internal circles for a while. We're updating some features, fixing some bugs, also having our audit process.
in the progress. So the next month basically is one milestone. That's end of November. We'll have our better version one release. We have one really exciting news here. So we will do some more noise this year for sure.
We are working together with the next block expo, which is the second biggest event in Berlin for crypto on making it the first climate positive next block expo. So we are going to create a cool pool for them and we'll allow
any attendee who's coming there, any organization or individual, to come and to actually offset their common footprint in a transparent verifiable way through our cool pool. So basically we'll modify our cool pool a bit and allow people to donate money into it so we can keep track of this.
cool pool of this event and actually hope together with the participants and our suppliers who are evolving over here to have a climate positive event we will see we will see the results but yeah that's a exciting thing at this event next block expo we will be having a stand we will be having
a workshop, we will be having a podium discussion. We, by coincidence, met Tom, one of the lovely founders of next block expo in case you're hearing in warm and cool regards. Thanks a lot. We had the option of discussing with him the participation of the ReFi space as they were not so representative.
presented over there as it falls in with our basically better version one release. There's also great coincidence that we do not only have a green-hearted friend in Tom co-founder of NextBlock Expo, but also innovative spirit. So we're looking forward to this
this month, we're having several marketing campaigns around it and are excited to our beta version one release. So version two will be end of next month, of the following month, so in around Christmas time. So we'll have the beta version one and version two
with the focus of year and onboarding partners. So that's basically that will be the end of the year and also the beginning of next year. If we take a look at the five years plan, it would be nice for as many individuals and organizations, especially organizations
not only to find themselves on mental protocol in our search engine, where you will as a default show different starting with Web 3 projects and there come footprint but then go to non-Web 3 organizations. So they find themselves there, everybody can find them over there on this list showing them
in a priority according to their climate positivity rack. So the most climate positive projects will be at the top, we'll celebrate the leaders. So having as many organizations, not in Web 3, but in real world on that. And as many individuals, we have different, we didn't discuss our B2C strategy, we can do that in the next step.
Yeah, that would be lovely to have as many of them and to be the go to platform for automated sustainability. Again, we are here just a access tool. We give access to the entire innovation of the ReFi landscape and their products. We are just an easy way to access it. So that's on the five years plan.
Awesome. That's a great segue into the next question, Amir. And the question is, what is your plan for global expansion at present, which regions are you focusing on? So one thing which comes along over here, our team is so international. So by house, if we start
I believe they are different, very important markets and we have to always have a global strategy with let's say local marketing activities unfolding Europe is of course very important having a
our strong, let's say backbone in Turkey with many menthols being in Turkey, we'll definitely want to also take a look at that market very closely. We'll also be looking at Latum, we'll also be looking at US, we basically will also be looking at Asia. So,
Those are like nonsense plans. There are different agencies out there and partners locally who will help with different marketing efforts. So together with our partner republic, we're already working on a global marketing strategy and tapping into those regions actually. So yeah.
also looking forward with the team to travel across the world and spread the word where we're needed. Awesome. So global expansion for sure in time. So we hopefully scale fighters. Did you have a question you'd like to pose?
Hello, hello, hello, my check can you hear me? Yes, we can hear you. I was looking to your
website and find out something that I want to ask you about it. A cool pool. What is the cool pool? Awesome, that's a great question. So a cool pool is our main product which we offer.
So a cool pool is an account where polygon as a network or an app ad app or an individual user wallet can create a cool pool. That's a user account on mental protocol. The cool pool has three things. Your carbon footprint data, your sustainability setting,
do I want to be 100% carbon neutral or 200% climate positive? And the third thing is it holds funds, it holds a liquidity in order to act upon the climate setting, you chose 200% an offset respective your carbon footprint measured. So basically a cool pool representation
represents yourself with your carbon footprint and it gives you the option for our automated end-to-end solution where you basically offset your historical and future carbon footprint with a few clicks. Please challenge me, maybe it's a little bit late on Friday and I'm not explaining it so well, but was it clear to understand what a cool pool is?
Yeah, exactly. I totally get it.
Awesome, awesome. So basically in the cool pool, you can for example then further choose many more settings in the advanced settings. You can choose okay do I want to have a carbon credit to offset my stuff. Do I need a renewable energy credit to offset my stuff.
Do I maybe also want to in future have a social impact token? So this cool pool represents as a company, your corporate social responsibility and your climate action. So that's basically the gist of it.
I have another question. Explain how it works. Actually, yeah, yeah, there are three steps. There's a three steps how it works. So basically the first step
is calculating the on-chain emissions of that cool pool. So a cool pool can be for example uniswap, a uniswap cool pool, you just copy paste the smart contract of uniswap into the cool pool so we can measure the carbon footprint and that's the first thing we do. We measure the
carbon footprint. The second part is we curate high impact tokens. So what are good quality environmental projects where you donate money to? The third thing is that we basically on an automated way every day or
every week, calculate carbon footprint and then purchase curated impact tokens in order to make yourself a carbon neutral or climate positive. So, do you are you familiar with the carbon-created offsetting market?
If I may ask, or shall I just explain it very shortly?
No, no, I have just with some
articles about it and
I think we had a small deal in here. Is there any kind of rental debt?
And basically, they have a lot of different types of data.
carbon created carbon token or based on that they can offset their carbon footprint.
So this the signal was a little bit bad, but I'll just answer your question from what I understood. Yes, it's possible that you basically put money whatever coin, whatever altcoin into the cool pool and the cool pool will be able as
a feature to tap into DeFi revenue streams. And then we can only use the interest from the DeFi revenue streams to purchase the carbon credits. So you never use your $100 which you put in the cool pool. You just use the interest coming from that. Was that your last question?
Yeah, exactly. And how is there any kind of utility of said, I don't know, mental hazard or not, that you stake your outcome, Ethereum or everything and you receive carbon-credit token
That's a very good point so far. So far we've got it in our design in a way where like there are two options either you retire that carbon credit and basically put that on your climate account say hey I've retired one ton of carbon credit so
I'm allowed to pollute one ton of CO2 if you take the reverse logic from what I've basically emitted. The second option is that we will allow the people not to retire the carbon credit right away, but to actually have it in their wallet. So this is a second option which is possible.
And is it possible that they can sell it in the workhead? Yes, yes, yes. This is like basically the whole advantage of bringing this asset to the Web 3 market. So we've got all this DeFi.
say innovations as well as decentralized exchanges where you can sell it off or buy from. So yes, the carbon credits, they're like tradable, liquidable assets. Exactly. Like we always push for like the main reason to buy it. Like one can actually today I had a podcast with Bated Say.
a German news paper and we were discussing seeing carbon crates as an investment class as well. So this is also all possible theoretically as one sees like a big price increase over the next years as the demand is growing for those assets the market should grow from 7 billion to
200 billion from now basically to 2050. That's the time frame of this growth. So there's also, and there's a shortage on the supply side. So that's why there's a price increase, yeah, expected very strongly by basically all studies you look at.
But what we basically want to do in a first instance is have people actually not trade them, but actually offset them, use that to offset their own carbon footprint. But having this talk with you maybe brings us into the direction of also seeing it more as an investment
Although this is not the primary case of mental, we are like an offset. But thank you for those good questions. They will help us think a bit more in this direction. Yeah, thank you so much, Amir, for good weight answers. Thank you.
Thank you, Sunny, for your questions. You know, it helps us as well in our, you know, approach. We have two more questions, Amir. I know we're going a little bit over, so I'm going to combine both of them. So we ensure that we address all the AMA questions.
from the ScaleSwap interview. This has, again, we're in the roadmap section. Are there plans to expand to areas such as NFT, MetaFers, GameFi, and Mental Protocol, and whatever our long-term marketing plans?
So, exactly. After covering the L1s, we want to allow the experience of individualized social, like, environmental responsibility also for the DAPS on Polygon. So, that includes all NFTs, Metaverse and GamieFi projects, as well as other Web3 projects.
So, jumping to the next question, what are our long-term marketing plans? So, we are wanting to build on three pillars. One time, really offering this climate action solution, allowing everyone to tap into transparent, verifiable, high quality environmental projects.
in an automated way, right, in an easy way, one time creating account forever, so to say. The second thing is climate transparency. We will be like depth.com or like CoinMarketCap and show as default those different projects with their carbon footprint in a ranking and allow them to basically move
up the leaderboard in this ranking by basically just using our service, pressing climate positivity as a service and moving up that leaderboard. So we can see the most sustainable NFT games, NFT projects in a specific
If we click in a certain way or across all chains Just jumping back to our marketing plan. So after like climate transparency, which is our search engine making things comparable and also Helping to market this climate action. We have climate incentivization
So here we want to talk and we had the question before with NGOs. So ideally we want to get money from different people and use this in a similar way as Gitcoin is funding their projects based on how many different people put money into it.
We want to have an incentivization of, basically, decentral cool pools which are funded from the bottom up specifically. So when someone does something good and puts money into a cool pool for a specific project, we want to top onto it. So incentivize this behavior.
Those are three pillars of our marketing and valuable positions. Awesome. Thank you, Amir. I believe we've made it through all the questions. So thank you for answering them. Manir, do you have something to add before we sign off?
No, thank you very much Amir and Ashley it was really really a pleasure to listen to all this. The questions coming from fighters actually helped me understand things better. So no question that this time but it's very very very nice talk. Thank you.
Some sounds good. Daniel and Jay entered. I think we didn't say hello to you before. So if you have a question and want to bring something up, happy to jump into it. Think if not, we are about to shut down today's Twitter space and start the weekend. At least here.
I agree. So thank you everyone for joining. Thank you, Sunny, for your questions. It looks like we have a lot of the menthol team here as well. Mecha, thank you for your insights and expertise as always. I think Daniel wants to
ask the question. Oh, yes, go ahead. Hi, thanks. Dan here. I'm an engineer in Berlin. So, uh, hope we bond into each other at some point. Exactly. Exactly. Thanks for tuning in, man. And, um, will you be for the next block expo next month here? Then we'll be there.
I'll be there. So this is a really nice intro to me for for menthol. It's very interesting. My question is how you see kind of you fitting into the Lego the Lego pieces of
I see that you work with likes of Toucan and Mossen. Can you summarize how you see these different LEGO bricks fitting together? Yes, so basically what we want to do is exactly for those partners you mentioned and also other tokenizers of impact tokens.
We want basically them to have an excellent tool, excellent protocol to interact with their customers. So we basically have a demand-sided automation platform connecting both sides and that's the value which Tucson and Flo Carb and Mosqued from us. So we bring them this platform
which automates their customer experience or automates the job of the customer. Like the customer usually will have to calculate, will have to curate and purchase carbon credits. So it's like a lot of hassle involved there. So we automate this thing. So we our job is
therefore to make it as easy for anybody to build in refile, LEGOs, like tokenized carbon credits into their product into a very seamless and easy way. That's basically our job. So was that a good answer? Very good. Thanks. Awesome. Cool.
And yeah, like it's just like sharing the experience over here one good thing. Hey, they want to we're like competitors and they don't want us to like work on their demand side, right? But the fact is that they're basically all building infrastructure for tokenization, the welcome
players like us working on different solution parts. So besides the overwhelming collaboration you have in Web 3 in some circles, we have a really overwhelming collaboration in the ReFi space that's really cool. Yeah, that's it from my side.
Awesome. Thank you, Amir. And once more, thank you, Daniel, for your questions, Dan. Sunny, if there is nothing else, the session is recorded so we can revisit or listen to the recording when everyone has time.
Thank you so much. Awesome space. Awesome. Thank you everyone. Have a great weekend. Thank you. Bye bye. Bye bye. Bye bye. Bye bye. Bye.