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Rethinking Token Launches in 2025
Recorded: July 1, 2025 Duration: 1:05:40Space Recording
Short Summary
In a dynamic discussion, industry leaders explored the future of token launches, emphasizing innovative models, community engagement, and the importance of sustainable growth in the crypto space. Key insights included the shift towards decentralized exchanges, the role of yield opportunities, and the evolving landscape of tokenomics.
Full Transcription
Music Thank you. Music Thank you. Hey GM, GM.
Hey GM, testing, testing.
All good.
Welcome, welcome.
I see how you already can speak.
You can also touch your mic.
We are waiting for two more speakers.
Sure.
Testing, testing.
Could you guys hear me?
Yes.
Perfect.
Yes.
Thanks for being here.
I see some of the community also requests to speak.
We will have a Q&A section towards the end of the space.
So please hold on.
We will go to the AMA section after the guest speak.
Okay.
Thanks for being here, guys.
Eliana is here as well connecting you I see drew also here would you please request to speak so I can invite you to
the stage
Hey Elena, how are you?
I'm good, can you guys hear me?
Yes, perfect.
Perfect.
Thanks.
Alright.
Just waiting for Drew to be a speaker.
Yeah. Hey Drew, how's it going? All right. Just waiting for Drew to be a speaker.
Yeah.
Hey, Drew.
How's it going?
Guys, I'm just getting myself set up here on the microphone.
Can you hear me okay?
Yes.
Thanks for being here.
Of course.
Awesome.
Awesome.
All right.
Yeah, I think we have a full house um great to see everyone here um
and i'm your host cindy uh i'm here with our founder and ceo victor uh of course you know
we have some amazing guests today to share their insights with us all right so so without further ado, let's kickstart this space for tonight.
Awesome.
So I think today we have a very interesting topic.
I guess, you know, everyone here is in the crypto space for a while.
You know, product aside, I think a token is always, you know, one of the key components, right?
In the, especially in crypto space.
So we have a very interesting topic today
to rethinking of the token launches in 2025.
I think everyone must be very excited.
Awesome.
So how about we do a round of introduction to kickstart?
Drew, you want to go first?
Sure thing. Yeah.
Hey, guys, I'm Drew Austin, founder of Redbeard Ventures and Denari Labs.
A little bit about us.
Redbeard Ventures is a Web3 focused venture capital fund.
We also have a syndicate that we started about four years ago, fund
we started about two years ago. We're actively investing, you probably invest in about maybe
200 plus companies over the last four or five years. And about maybe 75% of those are in the
blockchain space. And we also then started Denari Labs. And Denari Labs has a couple of components. One is a tokenomics-focused
accelerator program, and then a tokenomics-focused consulting practice. We feel after 100 of these
investments that we've made in the blockchain space, the constant that we find is that
founders can use guidance and support and help across all things token.
Token is a product of it in and of itself.
So we have the luxury of having the opportunity
to work on it in multiple different environments,
across multiple different companies.
So we're able to bring that experience to the teams
that we're partnered with, that we invest in, et cetera your app, and support them both pre-token launch and post-token launch.
So I'm excited to jump into this conversation today and talk all things token.
Awesome. I think we have the perfect guest here today, I guess.
Okay, so Eliana, if you can introduce yourself.
Hey guys, Eliana here. I'm the head of investments at TPV. If you can introduce yourself. Hey, guys.
Eliana here.
I'm the head of investments at TBV.
We are a venture funds, events company, and an advisory arm all together.
doing ICs and due diligence and kind of a construction in the portfolio.
I head mostly on everything on the investment side, doing ICs, due diligence, and kind of constructing the portfolio.
Our fund in general are mostly focused on Web 2.5, Web 3 in Southeast Asia and the U.S. markets.
In the process of doing so, we're also working with a lot of great events
and a lot of conferences as well to be able to actually promote a lot of our portfolio companies and any companies
who are interested in the process of really promoting from a marketing distribution channel
perspective. Very excited to be here. Thank you. Thank you. All right. Let's move on to
Hao Yu. Hi, everyone. It's Hao Yu from Amber EC. We are the incubator of Amber Group and we're looking for projects at every stage focusing on AI and crypto.
And it's really a great honor to be united by MAGA, which is one of our portfolio here tonight. Thank you.
Thank you, Hau Yu. You have been very supportive. Thank you so much for everyone being here. Alrighty, so we have last but not least,
Victor, please introduce yourself and do maybe an intro of Myga.
GM, GM, GM.
So glad to be here today.
I'm full of excitement, full of fire,
waiting to actually get started, right?
So yes, hey everyone, my name is Victor.
I guess a lot of our communities and of course uh fellow panelists such as uh how you uh iliana andrew uh thanks to be here really
appreciate your time to be here today with us just chit chat on twitter ama for talking about
economics but most importantly i'm really grateful and feel good
that we have a lot
of our community member
who join us today.
I know who all of you,
because I've been working
and like interacting
with everyone in the chat today.
I just want to name names for it.
You know,
I've been looking at people
who are actually tweeting,
analyze about Myga, about our proof of trading,
from all of the company members here.
I know who you are.
I'm looking at the names.
I'm so grateful to have all of you guys today to join us
to be part of the MyGA's journey for us to do a good changing
of how tokenomics and AI with crypto to be.
So, as I mentioned, my name is Victor.
I'm the CEO and founder for MyGuard.ai.
MyGuard.ai, we are building an AI agent economic platform
for crypto and DeFi.
What do I mean by that?
It's a big word.
Essentially, what we want to do is to create useful application through AI
Agents to help crypto investors, speculators, and DeFi investors to be able to help them
with crypto trading, crypto analysis, crypto signals, and of course, DeFi investment and
more. There are so many things. I don't have enough time to explain everything, but I just
want to say I'm so grateful
and actually feel very happy to see the community being here today. Really from the bottom of my heart,
thank you everybody. Really great to see everybody here today. Back to you Cindy.
Thank you Victor. Yeah, awesome. So I think today is, yes, we're gonna share a little bit of PLT, but most importantly, let's have this conversation around tokenomics.
Awesome. So I guess all along the years, everything has changed a lot in crypto space, especially on token as well.
As mentioned, I think token is a very critical part of all those Web3 projects.
So I think I will start the question of, you know, along the maybe like past year or so, what has changed about the market and how tokens are launched, right?
So, you know, we see like projects like Loud, like Virtual, they have some very new tokenomics, right?
So what are the projects that you think
and what are the new things that they have been doing
which you think very unique and interesting?
So maybe, you know, can give us some project
that you have seen recently that you feel is unique and interesting to share.
Maybe we can start with Drew.
Sure, yeah.
I think that right now we're kind of in the meta of, you know, everyone's really kind of seeking a couple of things.
Everyone's really kind of seeking a couple of things.
One of the things, people are starting to look for sustainability.
One of the things, people are starting to look for sustainability.
So I think that if I was to say the one major thing is how do you improve value in token,
how does the business generate revenue and create a stable and consistent flywheel that's going to continually improve value in token?
I think that's one of the major, major drivers right now.
Another one that I spend a lot on.
And I think the other one that I think people are really looking for and seeking is yield
opportunities.
I think when we talk to a lot of projects, they talk to creators and holders, et cetera.
traders and holders, et cetera, I think being able to create more yield earning opportunities
with the token assets, I think that's one of the major benefits of a token is the fact
that this is a new form of equity that we can actually put to work and utilize instead
of having to wait on traditional startups, we can wait 10, 12 years before we can even do anything with traditional equity.
But in Web3, we really can get traded
and do all different types of things
to be able to put tokens to work.
And I'll give you an example,
there's a company that we're working with right now
that we also invested in called Peapod Financial.
And it enables people to create, and that's just one platform that I find really interesting
because it enables utility for most community token because people can take their token
and actually borrow against it and also generate and use leverage to volatility.
So basically, earn yield from the arbitrage opportunities from volatility of the token,
which is great because those real yield opportunities, if you want to hold the token in a whole
background term, to be able to then say, okay, let me stick in here, earn some yield, earn
some yield from the general volatility of the token.
And then I can also, if I need some liquidity from the token, I can borrow density, etc.
So projects like that start to become a part of what I would call the utility of your default
authority set.
I think that everyone in that project will start to start to put a lot more attention to how do they
create utility both in their own utility, but also outside of their economy.
So, you know, this is a quick stop to come to mind when I thought it might be worth a break.
Thanks for sharing.
I think, you know, all the guests can feel free to jump in as well to share your insights, right? So we can have a flow conversation.
Yeah, whoever wants to go ahead with this question.
Yeah, so Eliana here. So from my perspective, I think there's also a switch in terms of, know not saying my methodology but the philosophy and
platform of it um for the past year or so we start seeing a lot of not even sex first or cex first
more of a dex first approach i think first of all obviously we have seen a lot of central exchange
have up their listing fees quite a bit for um a lot of the projects so we see you know
not name a few but like the top tier funds obviously are getting a lot of the projects. So we see, you know, not name a few,
but like the top tier funds obviously
are getting a lot more difficult
and the compliance period has gone so much further
in terms of what our people's expectations.
Second of all, we also see just after TGE as well,
a lot of centralized exchange have provided the data
for us to see for the FDV after 16, 90 days, they were not really,
actually really appealing to a lot of the people in terms of they're looking to look at launching
projects. So because of that, I see a lot of people actually going for a Dex first approach
and say, why would I want to spend the money for it? If I can just go to Dex and if I my project
be successful, they will listen for me for free.
So these are kind of a little bit switch I've been seeing recently,
just given how high the listing fees are.
And some of them don't even want to do launch pads
because of how short-term some of these launch pads are thinking as well.
So I think it depends on the project
and whoever the founders are and their fundraising perspective.
I start seeing differences in terms of the thinking process of how they get their tokens listed.
Thank you. I think you brought a few very interesting topics as well.
So, yeah, I guess, you know, a lot of things have shifted, especially in the last few years.
So, you know, like the ideal platform and stuff that you mentioned, right?
There's a lot of shifting in the market for sure.
Maybe, you know, for the guests, you can also give us some, you know,
example of the tokens that you see, you know, recently launched.
And I guess if that way, you know, it will be more,
how to say, like more appealing to the audience so they can understand more like what you guys are referring to.
Yeah. Is there any that you want to share?
Yeah. So I want to kind of brief catch up on the market change recently.
There's something to add on.
So the market, I think, has changed dramatically over the last few years, particularly with the rise of Mimicoins. So Mimicoins have disrupted the space in a way
that no one really expected before their popularity. Most investors were drawn to the
long-term vision, such as the narrative of projects. There was this hope that a product
fundamentals would deliver
value over time. But Mimicoins have stripped away that illusion for many people, exposing
the reality that for a lot of tokens, the market functions more like gambling than investing.
I think its shape didn't just change how people view Mimicoins, it also affected the perception of projects. Now, when a TGE happens, the community applies the same skepticism they use to reserve for
Mimicoins.
They're looking at the team and investors more critically, asking, well, these people
really long-term focus on, is this just another pump and dump?
Another big factor is the token mechanism itself with traditional models, where tokens
are unlocked
without much salt.
Most tokens lose the majority of their value shortly after TGE.
So unless a project has a unique revenue stream or strong investor backing, it risks being
abandoned by both the team and its community.
These days the community is more cautious, focusing heavily on the credibility
of team and the sustainability of the project's tokenomics. And if I need to list some examples,
actually CZ once shared an idea that really stuck with me. He talked about a mechanism where the
wasting and unlocking of tokens are tied to the token price performance essentially the tokens
only unlock if the price rises to a certain level creating a direct relationship between performance
and availability what's interesting here is the focus on sustainability investing schedules
treasury management and other aspects of tokenomics could even be managed
by a trusted third party or better yet agent. Well, this is not a perfect system, but it's
a step toward making tokenomics more long-term oriented.
That's a very interesting take as well. Yeah. so I guess everyone's like debating, you know, actually like the pump-pump, whether it's good or bad for the market, right?
So, yeah, so I love controversial opinions on that as well.
Yeah, thanks for sharing how you definitely, I think we are here all looking for like sustainable token model, which is the next question, right?
But I think before we get there, Victor, you want to share more about your insight?
Yeah, sure.
Thanks.
I'm trying to refrain myself from achieving my own project and of course,
you know, proof of faith, right?
But I guess all the communities here who have been leaders are looking at the analysis
and all my Twitter posts.
You can actually read all of that and all of this sharing
right is done by the community i am not joking i am so impressed and i'm very glad that our community
really look into the tokenomics and share what do they see is the strength of our economics
and they share it out to the rest of the community
and the public to understand more
about what is Myga's unique value proposition
and, of course, what is proof of trading is all about.
But, of course, I just don't want to, like, you know,
share and shield our own project too much,
but I just want to share some of the insights that I have
looking at how token launch is going to change, right?
So I think if you look at the history of how the token launched over the years, it evolves.
One thing that happens last time might not happen or be useful now.
Let's walk you through on the historical scale.
When Bitcoin started like 10, 15 years ago, 10, 13 years ago, it was all about a cyberpunk movement with technologies, right?
Using cryptography on the SEC share algorithm model
that they could mine it.
So it's a pure decentralized cryptocurrency,
the first one to do so.
And it takes a long time for them to get to where we are today and then of course
during that process right there's also a lot of different variation of like proof of work
token model that actually happened such as litecoin bitcoin cash dogecoin zcash and so forth
right those were the ogs right of the of the original proof of work, Fox, using Bitcoin and their own different kind of strength
and different kind of algorithm.
And of course, going through this process, and then during that whole Ethereum,
Ethereum was started because same thing as well.
But the difference is that they added a smart contract layer to the chain,
and therefore it creates the second wave of the token launch
back in 2016 and 2017 and 2018.
And that was the boost of how all the tokens were launched today.
It was a contract that was launched called ERC20
on a smart contract that people could actually issue that.
And the world went crazy, right?
It was another era of everybody who actually saw that the opportunity
for people to actually launch
some kind of protocol
or some kind of projects
through white paper
and innovation on the token
and the utility of the token.
And that started,
was a bull run in 2016 and 2017.
So that was actually that era as well.
And then again,
four years later,
during that whole DeFi summer in 2020, 2021,
it was shown as well,
another variation of token launch
that happened during back then.
Of course, this is the part whereby
I think all of us are actually getting into the space
and actually be even more active for it.
It's that they are talking about
using DeFi as a mechanics for people
to actually put in their liquidity or interact with it.
And then the protocol, based on the TVR and your contribution towards the TVR of the protocol,
issue you a DeFi governance token that is actually what everybody was farming back then, like four years ago.
Of course, any other cycle, that was actually kind of short-lived,
but those who actually managed to successfully continue to do so,
they are the giants today, right?
If you look at Aave, if you look at Uniswap,
of course, there's some dispute to that,
OneInch, and so forth, right?
So these are the type of protocols that actually launched
and became successful back then as well, like four years ago,
and then today, they are one of the leading giants, right,
in the device space globally.
And of course, during back then, there also was uh erc 721 right uh nft grace of course during back then everybody was like speculating over uh that ip and over that nft itself right
and created so many more different movement uh from uh lifestyle and from culture perspective
uh tokenized on
Chain.
Also, there was some kind of token launch as well, because it's still a token.
And of course, during the bear market, everybody kept on building.
And that is where, I think Cindy mentioned perfectly, and how he was talking about, that
everybody's kind of sick and tired of all of this.
And then there's pump and dump that they keep even more degen.
And of course, everybody was looking into memes because it was even quicker and
faster and actually evolved, whereby meme token became a movement, right?
Everybody just wanted to do a fair launch and then they're able to snipe from the
beginning and then it happens mostly on Sorana.
But also it was started because of Dogecoin, Shiba, and of course, Floki and a few more,
including on Ethereum chains such as Pepe and so forth.
So over the cycles, what I want to share is that every cycle, every new technology
innovation creates a new type of token launch.
So what would be the next?
Nobody knows yet.
I hope it will be proof of trading by Maiga, who will champion this.
But I refrain from sharing so much.
But I just want to share over the years what my observation is
you have to look at
the new type of
model
that is completely different
from the previous cycle
and previous approach
right
and you have to look at
the fundamental
why is that token launch
different from REST
and what is it
that compels
the normal market
the investors
the traders
or even the speculators right to look at it and say that, hey, this is new.
This is something, a real innovation happened in the market.
And because of this tech, right, I really want to try on it and see where it brings us, right.
And that is actually the beauty of Web3 and the whole crypto currency space.
Because like what Drew was mentioning about, in a traditional market of stocks and equities, it takes years, if it's not decades, for even an IPO to happen.
And all of that are happening on a private market.
But for crypto side, things have flipped.
Now, people are talking about one, two years, and even for memes, it's just months.
So I think because of this, it also created a lot of different early adopters for the market, for the Web3 participants to join and explore and contribute part of this process and movement to actually help to navigate the innovation that's happening at a quick pace in the Web3 and token launch in the Web3 market.
So yeah, I just want to share that.
Back to you.
Thank you. Yeah, I just want to share that. Back to you. Thank you.
I know you can go on, but let's save some time for the audience as well.
Okay, so I think we'll move on to the next question.
You mentioned about the Minkoin and stuff, right?
A lot of them are quite short-term so I believe you know what we are looking here maybe some of the
speculators are looking for the memes there's nothing wrong about it but you
know in terms of projects like with you know backers and stuff right obviously
we are looking at a business and also a more sustainable model, right?
Then in the sense of token,
you know, what are the things
like you guys are looking into,
you know, as a sustainable token model, right?
Given that everyone here is either a founder or investors.
Yeah, I'm very curious to know,
like what are the key aspects that you are looking to
in the tokenomics that you feel is critical for sustainability?
Anyone can jump in with this question.
Well, how about I go first?
Yes, yes. Well, how about I go first? Yes.
Yes.
So I will look into like three factors which will make the token model sustainable.
So first one, I think it's trading.
So trading is absolutely essential as a proof of trading introduced by Victor.
I think it's called trading reflects the relationship
between token price and supply. If a token model can connect these two elements organically,
like either CZ's price-based investing mechanism or POT, it adds a layer of sustainability.
The market becomes less about speculation and more about maintaining a healthy balance between demand
and supply.
And the second factor, well, it might be utility.
But there are two ways to approach it.
On one hand, a project can tightly integrate its token with the operations.
For example, the users might need the token to access services or unlock discounts,
which gives the token tangible value.
On the other hand, the token could act more like equity,
loosely tied to the project's success.
While this avoids over-complicating the business model,
it still provides long-term value.
Both approaches can work depending on the project's goals,
but the key is ensuring the token has a clear goal.
Finally, I think the governance is also
important to make any token sustainable.
It's about who controls the token's future.
Should everything be fixed from day one,
or should the community have the power
to make changes through voting?
Maybe AI agents can step in to make governance decisions in a transparent and logical way.
I think there's no 100% correct answer here.
Amazing.
I like how you structure the whole answer.
Thanks for that.
Anyone want to to Chibi? So I think from my perspective, right, like there are
two sides of it, the project to the token, the project itself. I
know it's like there are always exceptions that I wanted to make
an statement, right, especially in crypto, everything is like,
there's always someone there's a single exception or, you know,
several of them. So I always think the project comes first
before the token, right? If your project doesn't work your token likely won't but it's not always the case in
in a lot of meme coins and stuff however for any project who wanted to sustain a long-term growth
and you know value accretion i do think um there is a lot of commitment coming from the founding
team and whoever's developing the project and then be able to kind of sustain with the project together.
A lot of time that actually isn't the case.
So which is very disappointing to see.
But whenever I see these kind of a behavior from the founders that actually are sticking with their projects, understanding what their role doesn't stop after TDE.
doesn't stop after TDE. That's kind of the, you know, one of the bigger things I always like to
see is like understanding you will have an early access to capital compared to many traditional,
you know, projects or markets in general, like in Web2. However, how you be able to really utilize
the funds you're raising or kind of the early commitment from the community is essential for a founder to
understand to kind of be able to continue on the journey and developing.
So to me, I think the commitment coming from the team is absolutely crucial.
Thank you for sharing, Alina.
Jude, you want to step in or Victor?
Sure. Can you just repeat the question again ah okay so the question is uh uh like what are the
things that uh you are looking into uh for a sustainable token tokenomics yeah but first like
one of the things I think that could that should, I think we have to just start challenging
standards a little bit and start to ask questions about the way, how are things being done so
far and how do we innovate?
How do we try new things?
I feel like a lot of the way people look at tokens early on was just kind of like
reprecating traditional stock, like how we have investing periods over two to three to four years just
because of time, just because of standard stocks.
I think things that are more similar to what I was mentioning earlier, maybe investing
more based on performance or based on alignment, on goals and KPIs, to me, I think that's a
really powerful concept.
I think we're going to see a lot more that we started with what we're comfortable with because of what we've seen before.
But I think that, again, there's so many unique advantages to crypto and tokens as an asset
that represents a lot of equity that I think this opens up a lot of new doors for us to
that I think that this opens up a lot of new doors for us to explore and experiment.
explore and experiment.
So yeah, I think that the way I look at it right now is I think, A, I look for more just standard business fundamentals.
I look for to see how and how they'll be able to tie those business fundamentals back into value.
I look for native utilities.
I think we still have a new address to surface.
And that's just really simply because of where consumers'
adoption is in general in the crypto space.
But a lot of the real flywheels that are going to kick in
from the design of these products take these areas,
make adoption.
And when we've never really scratched the surface of true
consumer adoption yet, a lot of the
true flywheels that we're designing are not really kicking into cold air.
I'm really excited.
It's like, you know, I've used the example to some of the people of mine that are like
friends of mine that are really not equipped out.
I try to explain an example of what interesting a token flywheel could be.
And like, one thing I would say is like, they don't even look at this, for example.
If you have, you know. I speculate on Tesla.
I hold Tesla stock.
But if I had to use Tesla stock or their token, if you will, every time I plug my car in,
then it automatically sends tokens from my wallet connected to my car to Tesla for charging. I think that the true flywheels of adoption,
as we start to see the consumer layer and the application layer,
hopefully during this next wave, the thing that starts to take off,
I think we're going to see a lot of really interesting new dynamics
and new pressure on tokens that we to take off, I think we're going to see a lot of really interesting new dynamics and kind of new pressure on tokens
that we're designing for,
but we haven't seen their lives yet.
So again, I think a lot about how is the token designed
as to the core product utility.
I think a lot about the business fundamentals
are turning back to the token.
I think a lot about how both not only internally
into the ecosystem, but also externally outside
the ecosystem, how is the token being designed to play as a role outside the greater or larger
defy ecosystem?
So, and then I like to see interesting forms of like, you know, vetting of KPIs and attached
to the business that are driving the underlying value
amongst all the major stakeholders.
So those are a few things that come to my community.
Yeah, chip in, right?
So to mirror what Drew and Ileana talk about, I completely agree as far.
So token itself, I mean, there's two ways to look at it.
One of them is actually a way to bootstrap the network and of course,
getting the users and the community to be part of it, right?
From the early days, that is why there's all this info file and all of this
platform offering, and of course the protocol itself offering these solutions
to, to, to, to like, you know, get the users and community to participate
from day one, right?
But again, even with that, that, having actually a product market feed
or a protocol or a business,
they're able to generate
or drive some kind of value
back to the token itself
is actually crucial.
We call it as token utility
or value driven back to the protocol
so that there's value accrual
to the token itself, right?
Instead of just being a meme coin.
So all of these are actually crucial as well.
I completely agree with what Ileana and Drew is talking about. Otherwise, why is the builders token itself, right? Instead of just being a meme coin. So all of these are actually crucial as well. I completely agree with what Ileana and Drew
is talking about.
Otherwise,
why is the builder's head building,
right?
So we need to actually keep on building
based on the product market feed.
And of course,
having some sort of like a token value accrual
back to the token itself,
rather than being like the community
doesn't have anything,
right?
I think we can say there's a couple of tokens
up there that is actually huge,
but doesn't have
token value accrual.
Example, Uni.
So yeah, for example,
so those are the examples.
But at MyGAR,
to mirror what
how you were talking about,
so we actually wanted
to actually have
the token model itself
mirrors back
to the revenue model
based on our MyGA,
which is the AI agent platform.
And that is actually why
we are not here
just to build another tech,
but we want to build
a useful AI agent
with simple solution
for the crypto traders.
We are not here
just to build something
for like, you know,
hey, 10 years down the road,
this is going to be huge
but to gain adoption
we need to actually
have users
and real people
not just bots
and AI agents
to use it
and to do so
the protocol
needs to make money
and for us
having proof of trading
that ties back
to the revenue model
which is
from the flow
and transaction
and trading
it will actually
create a sustainable
flywheel
and sustainable model for the protocol itself.
Which is why I'm very proud to say that,
you know, because of this, right,
the team, ourselves,
we are very motivated to continue to do
and continue to build because of this.
It's not just because we want to build something cool
and something that is like,
you know, the coolest, the key word, right?
But it's actually a sustainable model.
We just need to keep on building,
keep on delivering,
keep on working with the community
and the stakeholders
and build useful product
to achieve product market fit
and grow the revenue.
And to give some examples, right,
not just to talk about Maiga,
if you look at some of these
good protocols out there today,
recently, right,
that in the market,
I'm not talking about just token price,
I'm talking about a community engagement and involvement.
I just want to use one example that everybody talks about.
I'm talking about Hype by Hype Liquid.
This is a perfect example.
Despite the protocol that was started two years ago by the founder,
and after that, they bootstrap,
they get the communities to trade,
and then they get volume,
and they generate fees and make money as a protocol.
And then after that,
with the value accrual of all these things
going back to the token holders,
despite a very generous airdrop,
and a lot of people even saw that.
But because of the value accrual
and the fees generated, right,
from a protocol that is based on trading,
perpetual and decentralized perpetual, EVM chain as well, hyper-EVM,
the community is very, very strong.
And that is actually what we wanted to do with MyGa and to get the communities to get engaged from day one,
which is why I'm very proud of this, right,
to have our communities here today listening on this space.
Because that is actually how you build a really good,
strong foundation from the community and ecosystem side.
You cannot be just building behind a wall and say that our tech is the best,
but there's no of your community using it.
So because of that, I think that to create a sustainable token model,
one of the key components is to be able to have a product market fee,
general fees with a useful product,
and of course, having those kind of value accrual
goes back to the token holders and the token model.
And that would create a very sustainable flywheel
that the community could be part of from day one.
I just want to share that. Back to you, Cindy.
Awesome.
Yeah, thanks for everyone's sharing.
I think it's very,
how to say,
very interesting and insightful
conversation, right?
So that you guys know,
you know,
what is the thinking process
and all behind,
you know,
we're not making things up to,
for the purpose of doing something,
right?
But there's actually like logic and long-term thinking behind.
So I think the other question we have here is kind of interesting as well.
I would say it's a bit harsh, but I would just ask.
So I believe airdrop is something uh
um usually the projects i guess um even like mean points so all i i guess like almost all
the projects will have this um aspect in their tokenomics design uh airdrop right so um but
as we all know you know a lot of the farmers, they don't care about the project long term,
they just want to dump the token.
So I guess it's kind of like a hate and love situation for airdrop.
So I would want to hear the guests' take on how they think about airdrop mechanism
and if there's anything done right on airdrop
or yeah just to give us some thought on that who want to jump in uh yeah so so from my perspective
airdrop is i think that's a really effective obviously been used many many times in terms
of incentivize the community you know engage early. But I do think it is very important and
delicate move to do. I've seen numerous times an airdrop actually gone wrong instead of
not say particularly, you know, favor one group than the other. But because of doing the process
of looking at a community not understanding some of the commitment coming from, you know,
if they airdrop for, for example, quite a bit,
and then, you know, end up being just a couple of really large, you know, farmers and just
yield farmers just dump on it.
I've seen it before.
I've seen it many times.
It is actually not a great way for the airdrop to be used and suddenly just tank the, you
know, price 10, 20%.
Well, early on, for that happened for kind of a wanted to sustain kind of a price
movement kind of community that's kind of quite a substantial so i think it is really really
effective way to do so but also really important to understand whoever you airdrop to who's your
audience be very very careful in the research on the commitment understanding uh whoever you're
doing so for what reason uh what time what what's the mechanism and everything that goes with it.
So I think that to me is, you know, it's probably one of the most important things.
Thanks for sharing. How you want to go next?
Thanks for sharing.
How do you want to go next?
Yeah, so first of all, as a general common Web3 user, I'm not so good at catching airdrops,
so please forgive me if I'm saying anything not so crypto-native.
So I think airdrops can be a great way to engage a community, but they can also attract
opportunistic users who don't stick around.
For me, a good airdrop mechanism is one that goes beyond
just attracting attention pre-TGE.
Airdrops should be part of a long-term strategy
to keep the community active and motivated.
Maybe one metric is to see the quantity of tokens
of air dropping compared to the air drops after TGE.
Yeah, something like that.
Maybe I'll chip in right since I'm doing
the whole model myself.
Yes, as what Cindy was mentioning about, there is a love and hate relationship with the whole
airdrop movement.
I think in regardless of how we as a project investors and community to look at it, I think
airdrop has become part and parcel necessity for a Web3 project to launch Vivid.
Unless somebody comes up with a new model,
but so far it's just kind of like expectation from the communities
to be part of it and get rewarded somehow or another.
And of course, on top of that, many centralized exchanges,
even DexEstride, are also offering that as kind of like a marketing
services or marketing approach to reward their community as well.
So there's no way to beat around the bush but to say that this is part and parcel of
how we do tokenomics design as a way to reward and engage with the early supporters
and early supporters for the community.
The only question that how we wanted to create a more sustainable long-term engagement for the users is
we have to think about what the community wants.
We have to really look at it seriously and honestly and from a project point of view
that what actually truly matters for the actual communities, right,
that who have been there for day one,
and then you wanted to offer something
that is a fair size amount,
but again, right,
is still able to sustain for long term.
The problem is,
most of the airdrop structure
happening in the market today
are really structured
just for getting the token holders and pump and dump.
That is actually a bad way to structure it.
A lot of people expect free money, but when the price is down, then they will be having a lot of fear, uncertainty, and doubt, right?
And then they will actually be angry with the projects and the exchanges and the market makers and the KOLs and so forth.
So a lot of times it has to do with that as well.
So structuring an airdrop
that is a sustainable long-term thinking,
but it's fair for the supporters.
And on top of that, right,
still being able to create the demand
for these tokens after TGV long-term
is absolutely crucial.
If that is not done right
with the token launch,
then it has a very bad effect.
So even on our end,
we as a protocol,
we also think that very deeply as well.
We have to reward the communities
who are supporting with us,
who are trying our MyGuard AI journey and to be here and give feedback and promote the product on Twitter and to their friends.
But again, a lot of people just abuse that, right?
So we have to actually think of a model that is actually fair.
And that is actually what we take very seriously.
And even internally, we are actually thinking about all these kind of models.
How do we structure it?
How do we make sure fairness is there?
And that is actually very important for us because we want to be fair,
maybe transparent.
But again, we also have to think on behalf of the long-term.
We cannot just reward for a short-term, bots and come in here
and then dump the token after TGE and then left the project
and then the long-term community are struggling.
So I think that is actually my sharing,
my two cents
about how we should look at
token airdrop
and how do we think about it
at my job.
Drew, if you want to share a few,
go ahead.
Otherwise, Cindy.
I can just say, listen,
I think it's a great marketing tool.
I think that the ethos of crypto
is that we participate
and add value and value should be distributed in the central.
So I believe in any way, support these things.
I do think the whole farming narrative
has gotten a little at the end.
I think that the projects that are coming up
with ways to really identify who the users are
and who the farmers are,
who's really adding value versus who's just kind of like doing it
for a quick talk and then something.
I think there's going to be more focused around that
and really building out processes and workflows
to kind of delineate between the farmers
and the authentic champions of the brand
and the product and the communities and value.
So that's just something I'm scared of'm scared a little bit about, but I do think that there
should always be the ability for people that are participating in any aspect of the project
to be able to earn.
I think AirDrops are a great way to also form partnerships, bring in new communities.
I just think that there, we always have to keep in mind who's creating the most value
and kind of make sure that they've done it for us.
100%.
I think, you know, one word has been brought up quite often here, which is value, right?
So I think it goes both ways, from project and from the user.
So, yes.
So I think I'm aware of the time. I think some of the
communities also want to ask some questions. So I think to wrap it up, maybe we can go
one round of the speakers to just have an open discussion. So if you were to launch a
token today in this market, what would you do differently
from the usual playbook?
Maybe just give us
some interesting idea.
Who want to go first?
Very high level.
I mean,
we just take one question
from this, right?
Because, you know,
Drew is an investor.
Kyliana is an investor he's an investor too how
he uh is also part of the amber group right uh this is anyone okay so so this question to you
um yeah i do want to put the the our partners and our investors in the in the spotlight for this
but for me i think um as as brought back to us right um we need to try something different
or what we need to really try something different. What,
we need to really try something different
to break through
this model,
right?
And that is actually
why we started
and created
Proof of Trading.
And that is actually
one of the reasons
that keeps me
very excited
and keep on talking
about it
because it's not
just about
my job.
It's all about
how do we
change
the narrative,
create something sustainable that actually is still fair
with the value accrual and long-term thinking
for the community and the token and for the protocol.
And having a breakthrough is going
to be important for the web trade industry.
And the way I see it is that
there are more and more token launch coming soon.
You know, for example, one of the clear examples,
tokenized stocks are already here today.
Robinhood announced they're going to build a new Layer 2 chain
on Arbitrium and their own chain.
And there are so many stocks happening right now,
tokenized Tesla with different kind of ticker strike.
There's going to be even more and more so it's actually very hard for projects right or any other builders to be
launching this if they don't come up with a certain kind of interesting model to actually get the
sustainability and long term right for the project and i think that just to break it through and
having a different kind of token model that is a bit long-term sustainable and in our case proof
it's actually crucial right otherwise um know, we are going to struggle
in Web3 and the community and the public, right? The secondary market is going to lose
a lot of confidence and faith, right? That Web3 is able to bring in that innovation and disruption
to the financial market and to the global, you know, organization, organization. So that's what I thought about it.
I'm happy to share my opinion.
Thank you, Victor, as well.
That was great.
I don't mind.
I mean, like, to me, honestly,
if I were to launch a project, right,
I think the meme coin right now
hasn't really done social capital, right?
If I were to do it, I'm not afraid to say this.
I'm happy to do a meme coin, but in the right way of how to do it i will i'm not afraid to say this i'm happy to do a meme coin but
in the right way of how to capitalize social capital that not only just for the project
itself but basically for everyone to understand whoever on the social media platform whatever the
platform you're on your voice matters and in somehow you will be able to monetize that social
impact you have as you you know, a micro.
Oh, there is a one is a nano or something influencer that you're basically influencing your friends and family.
But everyone has that kind of circle and there should be some way to be able to capture it and understanding really how the social fight works from that perspective.
I want to go for a centralized exchange.
I don't like bowing down to, you know,
used to be non-institution, but institutional now in crypto. I think that's a really major thing in crypto industry in itself. I want to do it more a grassroots way. But I think, you know,
to do it a little bit differently compared to what we're currently doing, as we've been talking
about today, has more become the trendsetter than actually the follower is what I would probably go for.
But have big thoughts. Sorry guys. I'll buy it if you launch this token.
Appreciate it. Thank you.
Howie, you want to share anything? Just a last thought.
How you want to share anything? Just a last thought. Yeah.
Yeah, yeah. So personally, if I were launching a token today, even something as simple as a Mimicoin, I want to experiment with AI and put an AI agent in charge of managing the liquidity.
So an agent could burn our main tokens as needed to control inflation and deflation.
It would be a fascinating experiment to see how AI could shape a token's trajectory.
Sure, it may not work perfectly with today's large language model,
but it would be a step toward the future.
Sorry for mentioning AI agents so many times
because Amber is doing something about AI agents recently.
Amazing.
Hot tip.
Yes, a lot of alpha today.
Yeah, a lot of alpha today. Hot tip, Hot tip. Yes, a lot of alpha today. Yeah, a lot of alpha today.
Hot tip, hot tip.
Joe, Iliana, please contact Howie.
Amber is doing a lot of stuff.
I just want to connect with all the investors
and our partners together for this.
And I think that this is going to be a huge thing
if all the good investors are coming on board
and do it together.
Yeah, 100%.
Alrighty.
Yeah.
okay.
So I've invited two community members on board as well.
How about we start with Louis?
Yeah.
You can speak if you have any questions to,
you can ask any questions to the audience.
Hey, Louis. louise are you there
i think no okay um yeah while we waiting um chris cedo you want to ask your question
hey procedure crypto ask your question. Hey, Presidio Crypto.
Yeah, GM, GM, everyone.
Am I audible?
Yes, you are audible.
I'm really excited to be part of this Jamaica community and it's raining here so don't you
I'm really excited to be part of this Jamaica community.
can see this is really raining here and your question okay i'm sorry it's always time for
you can ask your question yes considering the group of trading focus on linking token value
directly to active trading and volume and user behavior uh the question goes uh
like this how does mega plan to ensure continue i mean sustainability trading activities from
diverse user segment uh you understand yes uh thanks so yeah that's my yes thanks can you mute Yes, thanks, Residio. Yes, thanks, Residio.
Can you mute it because there are some background noise?
Yes, thank you.
So your question is how do we create a sustainable trading token value of token volume for my
Gara proof of trading rate?
So for context, I'll just keep it short as well.
You can read more, but we can actually have a subsequent AMA next time
that we can actually compile the question that can answer all of them directly, right?
So that everybody can listen.
But to answer your question right now,
the way that we structure proof of trading
is all about tracking the trading volume
on the decentralized exchanges taxes LP address.
And that is being done on-chain.
So we just need to look at the LP addresses,
the liquidity provider addresses,
and all of this trading volume happening on MyGA on-chain.
That is on the DAX side.
And on the SEC side, we'll just record on the whitelisted SECs
that we know that this is actually legit volume.
So when we combine it then together on chain using smart contract oracles,
such as from Chainlink, we will be able to have a very resistant and a
secure way to capture the trading volume data for MyGaq, for proof of trading.
On top of that, how do we incentivize and create that volume for the token itself?
It's through the usage and transaction of AI agent.
That is actually why we are building AI agent with the trading volume as well.
So you could imagine when we build all these useful AI agents on a micro platform,
and more and more users using our AI agent to do transaction,
to buy and sell, or to launch their own AI agent for a community through our launchpad in the future.
All of this is going to bring in new type of volume, new type of transaction through the AI agent
on MyGuard platform. That will actually bring in additional,
even more volume over time.
And of course, the third part is actually very crucial.
We structure it with additional incentive of OhMyGA
for the traders.
Because we understand, right,
for a lot of traders who want to trade on any token,
they need to actually able to do it
with expectation of profit. And of course, they wanted to actually able to do it with expectation of
profit, and of course, they
wanted to be part of that to
create a sustainable
volume
through their effort on MyGA.
And that is actually why
it's called proof of trading.
From a trader, from an
arbitrageur, from a prop trading
firm, from any, or even AI agent who are trading MyGa's token
after we launch token, that is going to create volume.
And throughout the incentive, the traders, the arbitragers,
the AI agent, the trading bots
would get additional token incentive of OhMyGa
for them when they're doing trading.
So the traders itself will become an
integral part of Myga ecosystem. So the more people create the trading volume, they will unlock the
token for everybody so that this is actually a sustainable way of bringing the volume through
giving back to the traders who are trading Myga. And that is actually a way for us to create a sustainable volume
for proof of trading in MyGA.
So to recap, there are three parts here.
The first part is actually, as I mentioned,
to record all the data from DAX and SEX.
And that is actually going to have trading volume
for people trading on both SEX and SEX.
Next, second one is to create useful AI agent on MyGA
so that people could use, and then they will generate volume and launching all these AI agents through MyGa's launchpad.
And the third, we are providing the incentive for the traders, arbitrageurs, AI agents,
and trading bots who are trading MyGa to create, to receive some incentive.
Therefore, they want to trade more and create the volume that would encourage more,
even more volume happening on my guys platform
i hope i answer your question procedure thanks for your question
back to you cindy
awesome yeah um louis are you there um if you are still online you can ask question
if anyone else want to ask a question please raise your hand
i'll just say i unfortunately i gotta hop guys i have another call but i just wanted to say thank
you for everyone yeah i wanted to say thanks for having me today i mean listen you guys are
are uh a we're thrilled to be investors and again we are tremendous believers um it's also a great
out you know i'll also mention, guys,
if you are, if companies are out there building,
we are in our last week of taking applications
for our next accelerator program.
Check out denariilabs.xyz, get your application in ASAP.
This is the last week we'll take applications.
And, you know, we're actively investing
and supporting companies in the space
and just super excited about what Maiga is doing.
And I think they're a perfect example of really trying to think outside the box and really push the boundaries of what people are doing in tokenomics.
And we're really excited to be a part of it and support it.
Thank you so much for being here, Drew.
Thanks, Drew.
Of course. Anytime, guys. Thanks so much for having me.
Yes, Luis, are you there?
Why don't we do this, Indy?
If you can see any question on the comment,
if somebody want to ask,
we can just ask an answer for that for the last question before we wrap up.
Yeah, I didn't see any.
But anyways, we can always have more AMEs upcoming, right?
Even with Chinese language because we have a lot of Chinese communities as well.
Yeah, so anyways, let's wrap it up. you know, upcoming, right, even with Chinese language, because we have a lot of Chinese communities as well.
Yeah, so anyways, let's wrap it up.
I think some of the guests have to go to another call.
Yeah, so maybe, you know, just last word before we close the space. Yeah, how you, Elena, if you want to wrap it up, you can just set it up, then I'll wrap
it up.
Yeah, yeah, I mean, I mean, wonderful, and I'm really honored to be here.
And I believe the proof trading is impressive to me when I first saw it.
And I believe it might have a good future.
Thank you, Haoyu.
Thank you so much for your support.
How about Ilyana? Is she wrong or drop off?
We can reconnecting to her.
Yeah, she disconnected.
For a second.
But really excited, too, what you guys are building.
A huge fan of Myga.
And I use it myself.
I always have a good laugh.
So really exciting to see kind of the thought you guys in terms of, you know,
sending the trend and be able to really, you know, sticking with the projects
and then building a lot of great progress
in the community along with it.
Very exciting for you guys, the next steps.
Thanks, Yelena, and thanks, Howie.
So to wrap it up for everybody,
I sincerely am really grateful for our communities
to be here today.
I know who you are, I'm looking at it.
And I see many friends as well who joined.
And of course, even our team as well who joined.
I'm so proud.
I'm so grateful.
And I'm really happy to see our community to participate
and being here today and sharing to be part of this.
And of course, I hope today is a kickstart
for my guest Proof of Trading
through a new type of token launch that is starting today.
So everybody who will understand this will also understand
that we have been working very hard behind the scenes.
Just look at the progress we have done in the month of June.
We quadrupled 4x of the number of users' growth on MyGa XPT.
And then of course, on top of that, not only people are using our AI agent
despite a very simple AI agent,
but we
are building more advanced capability
as you speak. So stay tuned.
There are so many things we are building
behind that. Trust me.
I just don't want to share all of these things. Wait for it.
We have so many plans happening up
in July, August, and even
in September. We have all of these planned
out, starting development, launching, and even in September, we have all of this planned out, starting development, launching,
and of course, even working with our partner, Cookie Fund,
to come up with a snap program for their communities
and our communities to be part of.
They'll be able to share, write content,
be part of the community to champion
and actually share what is MyGa all about
and proof of creating.
I can go on and on,
but I just want to wrap it up, right?
To say that, hey,
everybody from the bottom of my heart,
thank you very much for being here today.
And thank you very much
for being a supporter for MyGA,
for us.
See you guys soon.
We'll be doing more AMA regularly
and stay tuned, right?
And then of course,
we'll be actually processing cookie snaps
tomorrow, the day after tomorrow,
after we get a list from them.
But stay tuned, right?
So for the communities, from the bottom of our heart,
thank you for being here today.
And thanks for HowYu, Ilyana, and of course, Drew,
and the rest of the Nari Team Labs,
and our team, right, and our beloved community to be here today.
Thank you very much.
Back to you, Cindy.
Thank you, thank you.
Yeah, all righty. So GM, GN. Thank you. Thank you. Yeah. Alrighty. So GMGN,
until next time, see you guys and friends. Cheers.
