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Shibacoin x CoinEx: The Next Meme-Powered Layer 1
Recorded: July 7, 2025 Duration: 1:12:00Space Recording
Short Summary
Shiba Coin's AMA reveals strategic partnerships, a focus on community-driven growth, and innovative tokenomics as it positions itself in the competitive crypto landscape. The team emphasizes transparency, regulatory compliance, and the importance of community engagement in driving the project's success.
Full Transcription
Thank you. Thank you. Thank you. Yeah, we can hear you.
So we need to wait for another two minutes before we start.
Yes, very good.
Yeah, I had to switch to my phone because my computer somehow has an issue with the
microphone.
So, but this works.
Yeah, it works. Thank you. Thank you. you
hi everyone can everyone hear me?
I hear you just fine Vivian, hello.
Hi, nice to hear you from here as well. Hi Hans.
Alright, we're just going to make sure MB is also present.
And then we're good to go.
MB should be joining from the Shiba Coin X account.
And then Joyce will be ace if you can invite her as the co-host as well
so that
I invite her
I think here's
losing
give me a second
okay
just give us a quick
few minutes.
Technology is the best way it works.
Yes.
MB, I can hear you nice and clear.
Was it you just?
Yeah, she's here.
So that's good.
Awesome.
Awesome.
Awesome.
All right.
Okay.
So good day.
Good morning.
Good afternoon.
Good evening to you all.
And thank you so much, all of you guys for um i think
we're all participating pretty pretty nicely um the whole team of us were also very excited to um
welcome shiba coin slash shic chic um to join us on this ama tonight uh well tonight for us but
obviously um different depending on where you guys are all
right um i'm i'm vivian i am the global partnership manager at coinx um i would just love to be able
to um you know have a chat with tonight's guests um and uh actually get to know about shiba coin
a little bit more even even more i shall say what's their plan in the future um and what you know what are the vulnerabilities that they have they might have
met in in in the whole journey that they have done so far so yeah i would love to um have a
chat with you guys but beforehand is it all right if i just get a quick introduction of um our guest
tonight um mb can you start for me then please Lady go first
So it looks like
She can't hear you
Although we can hear her
So I think she may still be on the test
Thing, I don't know
No no no
She isn't, she's already here
It's probably the internet issue
She's texting me that she can't hear anything
Oh it's one or the other Okay no worries internet issue. She's texting me that she can't hear anything.
Oh, it's one or the other. Okay, no worries. No worries. She can just come and join back in and just check her out with her condition and then just invite her back in when she is available.
Hans, why don't you get us a start for your introduction then, please?
Well, first and foremost, thank you so much for organizing all of this. I mean, if I look at the amount of reactions, tweets, questions, everything that's going on, I think there's a lot of attention to this.
And it's great to be on this event.
So thank you so much for inviting us and being able to talk a little bit about our project.
So I'm Hans.
A lot of people have seen me on the various social medias.
I'm the team leader, if you will, for the technology-related pieces of the ShibaCoin project.
And I've been in this space for about, well, I don't know, 11 years or so.
I started messing around with blockchains in 2014, as a lot of us.
And I'm so excited to see that everything in the whole, I'd say, development from coins via tokens is going back a little bit into coins,
because that is ultimately that I just really am very enthusiastic about.
I'm a blockchain aficionado, if you will.
I'm a blockchain aficionado, if you will.
And yeah, this new project gives me all and everything of the tools that I really like to just sort of live that hobbies to the max.
So it's a gotten out of hand hobby.
Yeah.
That's the most important.
That's the most amazing thing because, you know, turning into something passionate and then into, you know, doing what you do.
That's amazing. that's amazing work and Joyce is she is M be able to join us so let's see here
I can I can hear you nice and clear yes uh i invite him um seems he's not able to join but i
sent him a request just a second yes i think her uh mb is already speaking but just don't forget
to invite her to a co-host so she can also retweet and record and everything that she has.
All right, that's not a problem.
Not a problem.
We can.
Sorry.
That's all right.
No problem.
Don't worry about it.
And MB, would you be able to also...
Exactly.
Take the mic and introduce just quickly about yourself and what is your role within ShibaCoin.
Sure. So I'm Mama Bear, or as most people know me, MB, around the traps.
I'm Australian, as you can probably tell from my accent. I am Shik's community manager which means a lot of different things but I oversee
all our social media a lot of different teams um yeah that's pretty much what I do I have
20 years experience of community management right back to PHP BB forum days,
if some of you remember those.
So, yeah, I love what I do.
I love connecting with people.
I love educating and seeing projects grow.
Amazing.
Thank you, MB slash Mama Beer.
Thank you, Hans, for the quick intro.
So it's definitely very two different side slash angles for ShibaCoin.
One is more the tech side and one is more the community
about the people bonding side of the matter.
That's amazing.
Then I'm going to get started with our questions
because there are so many and I feel like there are people
kind of keep asking the floor, open up floor questions as well.
So let's get started guys um so i first question would be what kind of inspired the creation of
shiba coin as a dogecoin fork how does it aim to differentiate itself from other mean coins like
dogecoin and shiba in terms of vision and utility?
So yeah that's a very good question and it's always great to actually really start with the start
so let me answer that question. So well as you all know that's actually going all the way back to 2014 where Doge essentially started all of this. It's the first well sort of like well-known meme
coin although there's now a lot of other projects reviving from that same era and then i'm talking
about bells the lucky coin and a lot of those coins started all in that sort of era uh out of
a community sort of uh engagement type of thing you know like Bitcoin is all
serious and the Dogecoin was more a fun thing so you could use it to get each
other on there on reddit that was essentially first utility that it had
and that's always been that way but with everything sort of like moving on in
time there's been a lot of other developments.
And one of them that stood out for our development is, of course, the SHIB, which is a token that started more or less around the COVID time.
Also, community created type of effort.
And yeah, they basically built everything on the Ethereum chain as a token.
So now one of the things that I think is very important to stress is the difference between coins and tokens.
And that is a thing that we notice that a lot of people sort of do not entirely know.
So coins have their own chain and they build their own blockchain the same way that bitcoin does and that dogecoin
does so every transaction gets into a block and those blocks form a chain that's the blockchain
tokens on the other hand are running on another chain so they are a contract that creates utility
and that runs on another chain the nice thing thing about a token, of course, is that
you can already release immediately like a quadrillion tokens, if you will, which is what
SHIB does. And from there you have a lot of money, if you will, right from the get-go to do things
on a coin. It's way more difficult. You actually start from nothing and you really sort of slowly slowly
build things that get distributed to the miners so the project itself usually has nothing and so
that's why we all have to do everything with volunteers and donations and everything so that
makes it a little more interesting but always a good challenge
there's absolutely yeah the same sort of thing is actually the utility uh but it's all sort of
coming circle around so with doge being a coin ship being a token there's been a lot of stuff
happening with tokens and i think that's the thing that we can talk about later a
little but there is a big sort of return to to coins and that is why the shiba coin was created
as its own blockchain so it does more or less the same thing as the ship token does so that means
we're revolving about a community it's all community focused
that is the main utility because people want to belong and the shiba coin community is for that
reason the first and foremost utility of a meme coin and for the community part i'm going to turn
the mic to mb because she's of course the one that is the pro
in there.
Yes.
So as Hans has said, one of
our big utilities, like most main
coins, is
community.
Community is everything to us. Without a community,
we don't have a project.
But one big thing that we
are really evolving and growing is education
through everything we do there's a purpose behind why we do it and how we do it it's not always
clear to our members why but long term it's so that people understand meme coins they understand where we're going what we're doing
and how we're doing it and we have lots of different ways that we do that that we can
get into later sure absolutely thank you both for the uh quick brief answer but very uh informative
because uh even harder to go into the the token and the and the coins differences i appreciate that um so yeah
we have all you know like um we have all heard about you know bitcoin and how there is the
serious one and then the memes so i definitely look forward to how you guys um have kind of
focuses on the community side and how does it grow with yourselves so um moving on to the second question um so kind of merge mining with
litecoin and dogecoin is a key feature of shiba coin can you guys explain to to us and to the
audience how these benefit miners and the network security um and are there any plans to you know
expand merge mining to other script based coins so other than light and dogecoin so to get into the mining
aspect of things that's where for coins is the most important uh aspect which is the stability
and security of your chain so with dogecoin when it initially started as a tipping type of currency
started as a tipping type of currency the problem was that it was at some point not really profitable
for miners anymore to mine it and because of that the chain started to get less and less hash rate
because the miners are always looking for profitability so for them of course they would
just mine litecoin which was the most profitable thing to mine if you have a script
miner which is the algorithm that we're working with so for doge to actually survive a very clever
thing was done and that is actually merging with litecoin for the mining aspect so they were more
or less merged into the mining process so that all of that hash power that's available for Litecoin
was now all of a sudden also available to Dogecoin. And the chain, because of that,
actually had no issues anymore for stability because people were just mining Litecoin anyway
and would get some Dogecoin as a bonus. The fun part is that nowadays, if you look at the market caps, Dogecoin is actually larger than Litecoin.
So that worked out actually pretty well.
For a small project such as Shiba coin, it's also very beneficial to actually merge mine with Litecoin.
We don't have the problem that we constantly have to search for enough miners to mine it.
That's something that only happens when the miners really see the profitability in it
but for now the miners will automatically get their shiba coins when they are mining litecoin
so we've done a lot of work in uh finding out who's who in the zoo of mining pools and one of
the things i did in the beginning of the project
is just look at who is actually mining us.
And so we have very, very good grips on this whole thing.
Only two blocks in our entire history are unknown
because they were mined by solo miners.
So we have a graph in all of our social media
where you can see the largest pools and right now that's the
basically all of the largest pools so we have uh via via btc the the largest one we have f2 pool
we have ant pool binance pool there's in total some like 15 or so different pools mining us on a daily basis so that's that's really amazing and
all of the large pools are actually fairly distributing us so via btc also just announced
that they are having shiba coin added to their software so that people can choose to be paid out
in shiba coins if they mine so that's really really great. It's at least 85% of the miners that are fairly distributing us.
And all the graphs that are needed for this, you can find on our Discord.
We will post them also on our Telegram and Reddit and other social medias.
So for the miners, this is nice because they were mining Litecoin already.
because they were mining Litecoin already,
And now they get a plethora of other coins.
and now they get a plethora of other coins,
but they have to always go into their mining accounts
and just set up a Shiba coin address
so that they will get actually paid out in this.
And as you well know,
they will automatically be able to transfer that
at zero fees to CoinEx.
So that's a very good thing.
Thank you guys for doing that.
Oh no, thank you.
I was just gonna say like,
do you guys know that we are backed by via BDC, but you guys for doing that oh no thank you i was just gonna say like do you guys
know that we are backed by viability but you guys have already kind of we sure do
so i just thought oh okay uh just kind of show ourselves but no you guys have showed us for for
for for already so you guys skip me to beat me to it but how about any plans um to expand though so that's also a good question
um if i may answer that the um coin such as shiba coin is basically a thing on its own
and so we have no plans to just make other coins or something i mean we just run our own blockchain and that happens to be merged mind
with litecoin so other script coins will most definitely sort of like appear because it's a
successful thing and in crypto when something is successful there's always that trend to actually
want to be also one of those um we're very lucky that we right now are the smallest, if you will, projects that
actually is fairly distributed by the largest of pools. So we're like really the Shiba underdog,
if you want. But yeah, it actually creates a very interesting proposition because if you look at
the hash rate that we have, we have pretty much the same hash rate as Litecoin because of all the pools mining us.
So hash rate per market cap, we're number one.
That's a pretty interesting proposition if you think about it.
Absolutely.
And also just from a community point of view with mining, one of the biggest questions people will come and join our Discord.
They ask, how do I start mining what do i do so that's where we i've actually because i run all the discord and everything so i've actually made a separate area called mining where if pools want
to come in and talk to our members they can or they can ask questions instructions and more things coming
on how to mine and we've got amazing members in there who will you know someone comes and says
how do i start mining they'll just jump in and help your fans and i aren't around or anyone else
um and we've had many people start mining just because of us nice that's such a welcoming
community that's a sign of welcoming a community
um guys like if you want to learn how to start mining shiva coin i guess that's a community that
you guys would like to join so discord uh reddit is where they're mostly um very active on it sounds
like we've got telegram we've got an English and Chinese community.
There's both separate.
That's what they chose to do, not me,
because I listened to what the community wanted.
But we do have some things in the works
that I'm not going to reveal yet.
All right.
Amazing.
Thank you, MB.
And I will want to move on to the third.
From the Dogecoin's model,
how did you design this tokenomic structure?
How do you guys believe
that it will impact long-term sustainability and minor incentives well if you that's a very good
question if you if you look and scrutinize the um tokenomics of doge then you will see
that the shiba coin tokenomics is actually chosen to be exactly the same so it has uh halvings six times and at
the end of the last halving it goes into 10 000 coins per block uh infinitely so that means that
the first I'd say 100 billion coins are mined with a deflationary type of character and from there on it actually keeps
inflating with about 5.6 billion coins per year dogecoin does the exact same sort of thing they
are now at about 150 billion token coins sorry i keep even saying wrong and shiba coin is right now at about 80 billion coins.
And we're approaching a new halving.
Right now there's 125,000 coins released per block.
And that is going to halve in the end of July.
So usually when that happens, there's more demand and less supply so that is in this case a
deflationary type of thing but to satisfy the miners because we're merge mining we need to
make sure that they will still get some coins at every block that they mine because otherwise the
initiative for miners would actually just fall away completely to rely on the fee that people pay for mining which is the thing that bitcoin for instance is
relying on when the block reward goes down to very low numbers that would not work for the shiba coin
because our coin is so inexpensive if you will it's it's very cheap to make transactions and
that is a thing that's really
good for the community but not so good for the miners so that's why there's still this incentive
to keep mining us and um yeah another important thing to mention is that once we set that um
that blocker reward in software it is carved in stone it's never changing so the rules never
change so the miners always know what they are going to expect and that is the way that this
type of software is supposed to be you know you can't change the rules during the game
and yeah there have been other projects that have somehow thought that it was a wise thing to do we do not really agree with
so that is why we're always promising that there's never going to be things like for instance a debt
fee that sort of stuff you know um we keep the rules always the same so that everybody always
knows what they're what they're dealing with and what they are going to to expect in the future
dealing with and what they are going to to expect in the future
so that's kind of like more the minor incentive so that's more like the security
um like everyone's gonna it's very transparent because all the rules are will be the same
how about the long-term sustainability side like how do you guys think that your tokenomics
structure would bring the long-term sustainability yeah well
let's take a look for instance at doge it is a very very large project and it is still very very
i'd say uh we really wanted to be mined by by the miners it's it's more popular even for
market cap than the litecoin that originally is the one that people mine.
So we think that the miners will still keep mining.
There is always this reward and it is not much.
If you look at 5 billion coins per year compared to 100 billion, so it's about 5% increase.
compared to 100 billion. So it's about 5% increase. But if you look at adding that every year,
the amount of percentage of inflation actually sort of goes down because that 5 billion coins is
less and less and less of a percentage of the total coins out there. So if you just calculate
all of that, then there's always this nice incentive while we're sort of like keeping growing in this thing
and there's so much space to grow so given the fact that there's only 100 billion coins so many
people want to join at some point it's uh still a very profitable type of situation for the miners
it gives another thing though the fact that we started basically without any def fee
no other things everything has to be run as volunteers we do not have the luxury of creating
quadrillion coins at the get-go you know so that you can pay for everything so everything is
volunteers everybody has to work without a treasury, if you will.
So everything has to come from community.
It's all done by donations. And that is the hard way, but it's the fair way.
Absolutely.
Absolutely.
Oh, and B, I think you've got something to add there.
We have all the...
Oh, sorry.
No, no, no, no.
Go ahead.
I didn't hear you until later on.
So please go ahead.
As I say, one big misconception we get all the time is,
well, why can't you pay me to do this?
You must have a bag.
You're the team leaders.
You're leading this.
And we're like, no, we're volunteers.
We're on the same level as you.
What we give out to the community is from our own pockets
because we want to support you guys supporting us and that's really important to both hands yeah
wow that's a commitment that right there um so yeah guys if they're going to give something out
to the communities from their own so that's dedication and that uh that love to the to the project and that confidence
within uh shiba coins respect to that respect to that excuse me so um i want to kind of move on to
the fourth one now like so the project highlights um its open source nature and community driven
development like you what you guys have just. How are you guys encouraging developer contributions?
And are there any other exciting community-proposed features or improvements that's currently in the pipeline?
Yeah, so the open source structure is very much promoted by already having everything open out there on our GitHub.
So whenever there's somebody that wants to contribute, that is definitely a way to go.
People can always make pull requests to our repository if they want, and it'll be looked at.
That's also the way that we cooperate with other community projects to make sure that the source code is always up to par,
that there's like the latest and greatest features implemented into it
and that everything is secure and well tested
just by this huge, vast resource of developers
that actually work on open source blockchain projects so that's the thing
that we always promote if there's developers out there that actually want to help grow our projects
we're always open to these requests and yeah that's the way that we hope to attract talent you know
the community projects that that come out i'm just gonna move the mic
to mb about the community yeah um i've got some really great examples of that and you know being
a community and that's being very important to me you know if someone wants to help all they need to do is approach me have a conversation
do it and we see if they fit the project you know if someone wants to come because
they think i can do x y and z but i'm gonna get rich from this because you're gonna give me all
these coins then we're not the project for them So we look very carefully at people who want to help.
We love help.
You know, a community doesn't grow without people helping.
A couple of examples, we've got one developer at the moment
who came and approached me, and I have a very open door policy.
If people leave, as long as they're not selling me something my door is open
um he approached me said hey mb i don't know if you know i'm a developer he's within a certain
community i'm not going to reveal who or what um i have this idea i would like to develop for this
specific community can i do it i had a chat to him. I asked him about it.
He spoke to Hans.
We had a three-way conversation.
He is now developing that and working with Hans.
Hans will test it once it's done.
And he's very, very happy because he feels like he's doing something to get it.
Only yesterday, Hans and I had a conversation with another developer.
The way we often work is I'll come to Hans and I'll
say hey Hans I have a wish list I want xyz done and he'll like okay and be see what I can do I'll
make a book for you um but this developer came to me and said you know I'm your biggest fan you know
I love you and I know this person is supporting us a lot on Twitter and, sorry, X.
You know, we've seen him actively supporting us and we've seen what he's trying to do.
Massive conversation between the three of us yesterday.
He's got all these things he wants to do,
things he was already doing, fits in well with what we're doing.
So it just naturally works.
People are drawn to us because they have opportunities to show us what they can do.
And it's the same thing, you know.
The other thing that's really important is Hans and I both have teams behind us.
So, yes, Hans and I might be the public faces, but I have a team working on social media, this, that, and everything else.
this that and everything else Hans has different developers working with him for different things
Hans has different developers working with him for different things.
um how we work so if people have something that they think they can contribute even if it's
something they're not sure that would fit we're always happy to have a conversation
love it um I was actually going to ask a extra question based on what you guys said it's like
so other than okay
the people who are not selling you uh the people who would love to contribute and obviously love
the project what else do you guys kind of look for within the developers so you know there are
there might be developers around here with within the community that's listening to us right now so
what what would it be that you guys would look for other than you know what you have just said like your fans your supporters and and who do
people don't sell to you what else do you look look out for for the um for the developer side
so well we are a very young project uh and basically just sort of like overwhelmed by
the success of the growth in the first months you, and then there's so much to take care of.
So for the simplest of things, sometimes there's a need for extra developers to just look at just hands on work doing things, for instance, with the website and that sort of stuff.
We're trying to actually move towards a situation where we can add some blogging to our website, that sort of stuff. We're trying to actually move towards a situation where we can add some blogging to our website,
that sort of stuff.
You know, there's always something to do.
So there's a lot of, I'd say, open positions, if you will,
that MB has actually set up a system for.
So MB, talk about that if you want.
Yeah, please do.
What you said I had, I'm sorry.
Yeah, a system in place for it.
For what?
For getting people, you know, to work in certain things.
Ah, you mean what I've been, okay.
I actually have a system that I haven't released quite yet, but it'll be almost like a job application area where instead of just DMing me and saying,
hey, MB, I can do X, Y, and Z, they can actually fill in a bit of a form
which they can spruit themselves and sell themselves to us
and tell us what they can do so that when we're ready to have a conversation,
we know exactly where they're coming from, what they want to do,
and what type of thing.
So it should be released by the end of the week.
All right, guys.
Even MB has given some previews of what's going on.
So if anybody who would love to help and support ShibaCoin that way,
there you go.
Look out for the job application within the MB system that she created.
All right.
And also, I want to talk about the wallet side of the matter.
And your team has developed the ShibaCoin core wallet
and the mobile wallet for obviously user convenience.
But can you guys share a bit more about the user experience for these tools
and any plans to integrate chic
shic with any other additional wallets or platforms and furthermore how do you see mining
accessibility uh evolving so yeah the core wallet is based on um yeah basically the same sort of core
wallet structure that all blockchain projects have used since the early beginnings of Bitcoin.
It's a very well tested type of wallet.
And that's why it's always a good way to start.
It's the wallet that essentially even starts miners to go mine coins in this particular project.
And everything revolves from there so there is
however because of a lot of the people come from the token type of of world a lot of unknowns about
these i'd say older structures core wallets that yeah they just don't know so that's why education
about these wallets is very important to us. And that is where we're
actually going to do a lot of extra education work. We're working with a couple of people to
set all these things up so that we can teach what actually can be done with core wallets. There's a
lot of information out there already from things in the past, but it keeps an important thing because a lot of users still don't know.
Then there's the web wallets that are indeed just for easy working.
There's a couple of things that we're doing.
We actually really want to make sure that users use stuff that is well tested and that is well out there.
So because we're a very young project,
there's not really that much inclusion into the already out there plethora of wallets,
but we're developing relationships with such types of wallets
so that we can get included in there.
And yeah, those wallets include, for instance,
the things like well known as Coinomi.
That's a nice one that we're looking at.
There's a big community effort to bring in the votes
for getting into Coinomi.
Those are very well-tested structures
that people like to use.
Then there's a big effort in getting very secure wallets.
So that's the hardware type of wallet, which is very needed.
Because, yeah, core wallets are all fun and games,
but still there can be things going wrong.
So that is why we're stressing on very safe and secure ways
of storing people's coins.
Because, yeah, they can actually become very, very valuable.
If you look at the growth that's happening,
there's quite some potential of a lot of money sitting in these core wallets.
So that has to be secure.
And that's where education is also very important.
I was going to say that people often get scared of core wallets.
So it's really important to have other avenues as well.
Yeah. And that's the unknown that you sometimes have you know they think oh that's not safe but yeah there's ways to
work with these very safely but if you don't know then you could actually get into trouble
that's why education what kind of make it ah, so what what would make other people scared of the core wallets?
Do you guys have some experience that you guys would share or well?
Yeah, there's always this sort of thing that can happen when people are just clicking on pretty much any link that they see left right and center, you know
There are on pretty much any link that they see left right and center you know there are somehow ways that you can lose your coins and um yeah just be prudent with things is just paramount you know
you need to just know uh how to sort of be safe in this in this area uh where are the scam links
and that sort of things you know and that's always, there's always that one that clicks on stuff.
And that comes down to our community work because we will get people join our
Discord or our Telegram.
They've somehow stumbled into cryptocurrency and they have no clue what it is.
And they're like, oh, I found this link.
Can I click it?
And everyone will scream, no, don't do it or yeah so it's you know it's really important to
remember those other people were brand new you know relatively speaking cryptocurrency is still
new so people are always joining and learning. Absolutely, absolutely.
Yeah, totally agree that education is very, very key.
Because why I asked, like, why people are scared of the core wallets,
because it's very relatable to a lot of people. And, like, Hans have just shared, people that click on links.
And people who isn't in the web theory industry,
who doesn't have that kind of like mindset of being careful.
Sometimes it's just how trouble comes in.
If any of my family stumbled into cryptocurrency and they didn't have a
conversation with me, I would hate to know where they would end up.
Exactly.
Exactly.
And you don't even know where to start to help them.
Well, you know, and this is where the education things come
in i remember when i joined discord back in for i don't know a long time ago and there was this
tip bot and that tip bot and every other tip bot and i had no idea what coin was what where to go
what wallet i should use what was safe who to trust who wasn't so it's all
it's one big package absolutely absolutely so yeah like um so i would say like for coming back
to the question is that okay you wouldn't really kind of um any plans to integrate sheep with other
additional waters but looking into different waters for now but how about you guys what do you guys see in the mining accessibility evolving
so for mining the artist pools already miners and um that's i think quite an interesting sort
of thing that happened there um the uh because of the fact that we're uh mining with litecoin
people automatically have to be part of a large pool to be able to do anything the who the hash
rate is so high that there is basically nobody that can mine just by themselves that is just
not possible anymore because you have to compete with the entire litecoin network so for that
there's lots of mining pools we have actually in our discord a couple of different channels that
are dedicated to these mining pools so if they're listening and they want to be able to share
information to users feel free to contact us you know a couple of the pools we have very nice
connection with they
have their own channels there they can talk to our to our community if they want and uh yeah
there's actually a couple of things that they do to to encourage people to mine at their pools such
as giveaways and uh rewards and and what have you that's all fun so we definitely share these things
with the community and make it fun for everybody
because that's ultimately at the end of the day
the most important thing.
Everybody has to somehow find their sort of mojo in this stuff
and that would keep it interesting for everybody.
Absolutely.
Thank you so much.
All right.
We also have our Quonex wallet as well by the way guys
just to let you guys know also shill a little bit about ourselves all right okay so um now obviously
thank you now that chic is listed on quonex and the next halving is coming in mid-july
um what's the next alpha for the community yeah that's a very good one so
no absolutely so there's always something on our radar and uh the most important thing
because we're still a relatively very young and small project and we have to do everything just from volunteers um it's
really building the project that is the most important thing now um we've been turned down
so many times by for instance coin gecko coin market cap that sort of institutions data
aggregation sites uh it's really difficult to actually get in there on the contrary of like thinking like why aren't you
guys on coin gecko well we apply if i had a dollar every time yeah we can't just like pay i don't
know thousand bucks or what have you to get fast track listed you know which you can if you have a
large marketing budget but remember we all have to do this from our own pockets and from volunteer
money in community raising so that is why we need to go the routes of just building the project and
getting all that activity the flurry of activity the buzz and thank you so much guys for helping
us with this with this ama session that is always a very helpful thing in creating that community engagement.
So that's a very big thing for us.
So getting our project listed properly
on these types of data aggregation sites
is very, very first and foremost on our radar.
And yeah, just getting on the CoinEx exchange
with you guys has been a super milestone for us because that creates this opportunity for so much more world adoption, if you will, by users to be able to go to an exchange that they trust and that is big.
And projects can actually just safely be traded there without any sorts of
hesitation is it safe is it this is it that you know so that is a great relief and a massive thing
off of our shoulders uh we feel safe with you guys and that's a very important thing so right now
we're focusing on these other things that um yeah don know. Do you want to contribute also a little on that topic, MB?
For the CG thing, the CoinGecko?
I'm going to be a little bit secretive, I suppose.
I'm not going to reveal anything.
But one thing Hans and I often talk about is we keep getting asked about our roadmap and we have a
roadmap and we have plans but being part of the community and being run by the community
we're always changing and adopting or adapting you know we will think okay this is our goal we're
going to aim for this we're going to do this this
this and this and then an opportunity will land or something will change that we can't
do that so you're of listening to your community seeing what they want seeing what's important to
them what's their worries what's their fears what's their goals where do they want to see us go
how can they help us and changing um so the the roadmap doesn't change but it can get um
juggled around a little bit to suit our members because you know without a community we have nothing. Absolutely, absolutely.
So as far as coming things, there's something that I'm not going to say.
And the reason why we don't say things quite often is because if we say we're going to
do this, this is coming and we're so excited excited about and we can't wait and then we have a development issue or something's not working right we don't want to build that excitement and then
let them down so we'd rather get ready to launch and go hey guess what this is what we're doing
absolutely um in regards to cmc and coin gecko side, I personally is also working with them pretty closely.
If you guys need any assistance, let me know.
Okay, I'm just offering because I like you guys.
No, thank you.
Yeah, that's great.
It's amazing how many people out there place so much important
on those two places.
They don't think a lot of people don't think that you're worth looking at
unless you're listed.
And that's not true.
Of course.
Of course.
Them two are just kind of a,
a beginning,
a start of,
of a looking point as a starting point,
you know,
where things are.
But I think it's also x is also a pretty good
uh discord and red and and then three social medias got pretty ace in terms of information
wise anyway so it's not always the uh the two places but it's it's a good starting point for
you for web three but yeah it's it's okay um i'm not gonna diss them but um also like i do work pretty closely with
them if you guys need any assistance let me know all right um just the last last question from us
guys but we have some open floor questions pretty exciting ones as well so i'm just gonna let you
guys answer these ones that from ourselves and all for and information for our community. So more on the regulatory and the security consideration side.
So as the regulatory landscape for cryptocurrencies continues to evolve,
what steps is the ShibaCoin team going to take to ensure compliance and protect users
from potential risks such as scams or security vulnerabilities?
Other than education that you've mentioned.
Yeah, of course, education is a super important part
that goes for everything.
And that's sort of the red thread
throughout this whole conversation.
So if you look at like the securities laws,
one of the nice things that is about our project
is that it's a proof of work blockchain
without any weird things
to it so it really is uh if you look at what is being used in uh securities law it's a so-called
how we test so it's a legal framework that the us has actually sort of put out to determine if
something qualifies as an investment contract and if that should because of that be regulated
you know so bitcoin as a proof of work type of thing so shiba coin de facto the same are not
deemed to be a security and that is always a nice thing so if you are essentially buying coins that is not treated as a investment contract so the token part of
things where you look at tokens such as ship that might just be more of a securities issue and that
is where we are so different that we don't really have those types of issues. On the other hand, in our coin, in our blockchain,
we can build in contracts, and that is also part of the roadmap
that I'm going to touch on a little here without just going into any details.
But we have all the options and opportunities for our future
to build also NFTs, other tokens and things that can run on our chain so there we can develop a
complete infrastructure but the way that we're planning on doing this is more for a guidance
type of thing you know where community can uh build more or less like even a dow you know that
sort of thing on our chain and that will never be a problem
for investment laws uh because everything is still uh yeah just run as a proof of proof of
of work project if that makes any sense yeah of course it does it does and mb do you have anything to add on to that? I think Hans has pretty much covered that one.
Yeah, true.
All right.
Thank you so much, guys.
I want to kind of already chosen like the two open floor questions
from the audience so far.
And I think MB can probably delve into that one.
From Wise Crypto News,
how do you handle FUD, fear, uncertainty,
doubt within the community, please?
Oh, Hans, you or me?
Well, that's always a beautiful thing.
But if you want to answer that, then go ahead.
And I will just chip in whenever you want me to chip in.
Well, we have had a lot of FUD.
And that's to be expected.
Of course.
I suppose.
But, you know, Hans has a favorite saying that says the blockchain doesn't lie.
Oh, okay.
And it's true.
You know, we will have people coming to us and saying,
you have this, this, this and this.
Can you explain this to us?
So, again, it's about sitting down with people and saying,
okay, so you heard we had a pre-mine.
Well, no, that's actually not true.
There was an early mine, which Hans can expand on.
Let us show you the evidence and show you why this isn't true and gain their trust from the absolute truth because the blockchain does not lie.
truth because the blockchain does not lie yeah exactly and certainly a very
Yeah, exactly.
secure chain such as ours is the ultimate source of truth if you will so
if something happened and it's on chain then it's actually happened so if you
look at what the definition is of a pre mine that is really releasing a large
amount of of coins in the beginning of the project so that there is a pool of coins to work with for all sorts of purposes.
And that can actually just be a thing that's not necessarily bad if you have done it from the beginning with, for instance, the intention to build the project that way.
That way it's possible, but it's always frowned upon.
It's possible, but it's always frowned upon.
And certainly in a proof of work type of thing, that's where when every block is the exact same amount, there is no pre-mine that way.
So if there are people that are mining already on a project before it is publicly released, then you could call that an early mine. And that is a thing that just actually happens
in pretty much like every single new project
that's proof of work.
For instance, look in our blockchain
and you'll see that it started on December the 21st.
The first 60 blocks were mined in two minutes
and that's by the first miner,
which was the developer at that point.
Because the difficulty at that point is
so low to mine the block reward time takes a little bit of blocks to adjust
so it took 60 blocks within the first two minutes to get the difficulty to such
a point that it actually goes into its nice one block per minute and so yeah those are are fast um so right after
the first blocks were mined discord was set up people are started actually a couple hours after
these first blocks to just pour in already with all sorts of questions so the community knew
what they could do to mine but it takes a little bit of time before people have set up their
wallets and are able to actually join the mining so the first couple hundred blocks have been mined
basically by one entity because that's the one that started it all so it's not much if you really
look at the grand scheme of things it's not even like 0.4% or so because beginning things go really fast.
And after that, I have a very clear schedule of when exactly all the big pools start to join on our chain.
And you can very clearly see that.
I have indexed all of that.
So we have all of the information and that's there forever because that never changes.
And that is evidence and proof of how the project started and
yeah it's a very interesting thing if people claim that there's like this or that and i just simply
say like okay go through the blockchain and prove you know look at these and i can tell you exactly
how things have been and that's there forever so. So that type of thought is very easy to deal with.
Then other things, you know, we always encourage discussion.
Whenever people are bringing up stuff, we like to discuss it.
We have nothing to hide.
Just talk and we will just see if your sort of concern is actually based into anything that's truthful or if it's just
stuff that people say there's so much hearsay out there and uh yeah the moment that you start to
play an important role or at least that others think that you're starting to play an important
role they see you as a threat sometimes and some people just react to threats as like oh let's try
to just sort of say something bad about that project that always
happens and that's just part of whenever you deal with communities there's different ways to look
at certain things people have different agendas there's always things going on and yeah we're a
very open community we like to discuss everything and yeah we invite everyone that essentially has
these types of questions just ask and we'll see how we can answer these.
That usually takes out a lot of concerns.
And then the other thing, this isn't FUD, but we also, it isn't very well known that part of our education and community is also working with and supporting other projects, and that's also very important to us.
It's not something we advertise well, but we will have projects come
to us and say, look, we're struggling with this on our blockchain
or we're having trouble with our wallet.
Can you help us?
And so getting to know other people, that also helps kill some FUD.
Because they can see who we are, where we're coming from,
and what we're about.
It's like having guarantees from the other projects
to prove that you guys work and you guys know what you guys are doing.
And as you guys have mentioned
like open code transparency and doesn't change like a lot of these shouts to me that you guys
are pretty skilled at killing the uncertainty and the doubts for within the community and even for
myself i'm like oh well oh no actually you guys are pretty clear what's
what's going on and things like that so yeah that's that gives that sense of security and that
I think that's really important within the community and I think you know if people saw
the hours that Hans and I put in for free they would understand that we're pretty serious and
pretty passionate about what we're doing here like Like, you know, we're taking time away from our families and things
because we believe in what's important, you know.
So, you know, coming back to FUD, it's really important
that we squash these things and we come out and say, okay,
ask us the questions, we'll lay it on the line.
Yeah.
Cards on the table.
Come to me.
Come to me.
Exactly.
Exactly.
Because, you know, there's no better FUD killer than the truth.
True.
True that.
Very true that.
All right.
And the last question is from Himanshu by Deke.
What strategies will be implemented?
Oh, you do? Okay. What strategies will be implemented oh oh you do okay what strategies will be
implemented to foster a one hour of of you guys um all right just kind of repeat a question what
strategies will be implemented to foster a strong and engaged community around this new layer one
leveraging the existing passion
of the Sikh community and how can community members actively contribute to its development
and governance. You guys have kind of mentioned or briefly spoken about the how to contribute
developments. So how does the community members actually contribute to its covenants?
Community members actually contribute to his covenants.
Yes.
Do you want to talk on that?
And then I'll follow through.
You start and I'll follow through.
Okay.
So, well, yeah, there's a lot of things that we do all based out of the community.
And our Discord has always been our home base, if you will.
But we're branching out to a lot of other social medias now.
So that is getting more and more active.
I really like the Telegram community that's starting to grow and flourish.
So, yeah, we're taking actually a lot of requests from there and have, for instance, developed a tip bot also on the telegram
community that talks in two languages so it can actually serve both on the chinese telegram that
we have and on the english telegram and so they all tap out of the same tip bot so that actually
just yeah is very well uh received uh those types of things we always keep looking for you know and it's very good to
see those other social medias then our base discord to grow and yeah we're going to do a similar type
of thing on on reddit as well to yeah to bind it all together you know so that the basis keeps
growing and we get yeah more or less connection throughout all these different types of medias.
And from my point of view, one size does not fit all.
So what I may, you know, I've been working very, very closely with the Chinese community.
And what I may do for them, different what I might do for our discord community where they're mainly english
speakers um you know even even the two telegram groups they're different you know um and that's
really important when you're developing communities you know and my favorite saying you know that i've
used for 20 years is a listening community is a growing community.
So if the Chinese come to me and they go, hey, MB, we really think we want this, but we don't like that. Okay, let's talk about it. Let's see what we can do. Can we implement it? Can you
translate this for me? You know, X, Y, Z. We might go to tele, Sorry, I was going to say Twitter, X.
We might come to X and go, okay, well, that strategy is not working.
We need to focus more on this area here.
So it's growing and developing a community.
And just because, you know, we've got just over 1,400 members
in Discord now, just because what we've got there and now is working doesn't mean it'll
stay that way so yeah I really don't think this is working I think this is upsetting people not
that I know of but you know if this is upsetting someone or this isn't working I think we need to
look at this strategy then we'll go to the community and we'll go, okay, what do you think?
Let's have a vote.
Tell me what you think.
We have roles for our donators and there are different tiers.
So the higher the tiers, you know, we will go to them first and say,
okay, I'm asking them to do things. I'll say, I've got I'll I'm asking them to do things I'll say I've got this idea what does
the community think I mean a lot of times I will just implement something that I think
but there's also many other times where I'll go and say well you know do you like this idea is it
a bad idea like one member has come to us and said we really like the idea
of the holder rolls so you know how there's a starts with a shrimp and it goes all the way up
to whale and different levels of holding coins means you're this level so there's been a big
discussion the last two days amongst the community about what do we want how are we going to do it
someone said well I don't like attaching my wallet to something
and I turned around and said, well, no, we're not going to do that.
I'm not going to be responsible for someone tying their wallet
to a bot and compromising it, but let's get someone
to make up a graphic so at least you've got a goal to work towards.
Even little things like that can really grow the community and make them feel involved.
But that's not something we're doing on Telegram.
That's a Discord thing.
All right.
All right.
Would you be including Telegram users as well later on?
Sorry?
Would you be involving the Telegram users later on?
Or this is only more for
the discord lot if that's something that they told me they wanted then yes if they don't
then we won't we might do something completely different all right all right community is the
is the power after all all right thank you so much um hans and mb i appreciate so much of your time. And I think it's a pretty chill chat for me
and also pretty educative as well.
So yeah, if there's any last say
that you want to say to our community or audience
before we end the AMA?
Well, from my point, you go, Hans.
Okay, well, first and foremost, again again thank you so much for organizing all of
this to get the word out there is just always a fantastic thing for projects such as ours
and yeah that yeah give us the the ways to talk to to more people that they can find out about
the project is it's always a very encouraging and great thing.
So once again, thank you so much for that.
And yeah, I'm pretty sure that we'll have some more talks when it comes to, for instance,
your potential help with doing the coin market cap thing and the coin gap.
Sure, no problem.
Sure, no problem.
And Bea?
One thing I'd just like to say is that a lot of people say,
well, your numbers on Telegram aren't huge.
But having social media numbers isn't the be and all end all.
You know, you could have people but two investors.
So nurture what you've got.
And, again, if anyone wants to get involved with moderation
or developing or anything they can think of, approach us.
All right.
Thank you so much much both of you um and yeah definitely we'll we'll keep in touch with
you know your updates what's going on and um you know if there's any further you know halving etc
um yeah just keep us posted with um all the updates that you guys have and thank you so
much for your support it's been amazing no thank you very much
all right thank you very much for our the most you know important lead our listeners um you guys
have also talked about the community listening to the community um conix have also having the
tipping commentary um it's a new thing that we have um so for for people who are for Connex users who want to reward will be actually reward comments who they find insightful, helpful and even entertaining using CED tokens.
So creating some rewarding feedback for the contributors and recognizing them for and obviously being keeping them incentivized for active participation so kind of we do also like
very wise words from mb and hans um is that you know listening community is a growing community
we are trying to also put that on there um so we are also uh encouraging a lot of commentary for
other different projects so you guys can share us uh with us what you guys think about ShibaCoin after today's AMA.
Thank you so much, so much once again to all of you and Joyce for being able to help all of us
and have a great day, great evening ahead of you.
Bye, guys.
Bye.
Bye.
Bye. thank you bye
