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Sofa Session: Markets in turmoil edition
Recorded: April 4, 2025 Duration: 1:20:14Space Recording
Short Summary
In a recent discussion, crypto enthusiasts analyzed the current market turmoil, highlighting significant declines in both crypto and stock markets, while also identifying potential growth opportunities within the Cosmos ecosystem. Key topics included the resilience of Cosmos (ATOM), the importance of community support, and the launch of new projects aimed at enhancing the ecosystem's utility.
Full Transcription
Music Thank you. Music Thank you. Thank you. Thank you. All right.
Hey, Maxime. Hey, Bear Moon. Can you guys hear me okay?
Yes, I can hear you.
All right. Uh, Maxime, how do we make the, uh, the whole music go away? There we go.
I thought it would never end. All right. Ah, there we go.
I thought it would never end.
All right.
Always takes a little bit of time to get technical issues sorted out.
There's something that goes on with spaces
where we set everybody up as co-host and it drops off
and then we get out and get back in.
So maybe we'll get this issue sorted out sometime this year.
How are you doing, Bearboon?
How's everything going?
How was your week?
Thanks for asking.
It's been good.
Market-wise, as you can see, it's been horrible.
I hope you can actually hear me a lot unclear.
Yeah, hey, Maxime.
It'll be a moving. I wish I am.
Hey, how's it going?
Can you hear us OK?
Yep, I can hear him.
Let me see.
He may not be able to hear us.
Is there any issue with the space?
OK. Okay. I can't hear you guys.
I just can hear.
Can you hear us now?
Yeah.
Yeah, that's weird.
Okay.
Maybe he can have Maxine jump on with his um his other his personal
yeah this always seems to happen but yeah sorry about that bear moon um yeah what do you think
so we're you know crazy week i know we have a lot to talk about so like there's we can we can take
this any direction we want um obviously we like to always do these as open mic sessions.
So anybody who's listening right now, please do request to speak if you want to come up on stage, share your thoughts, ask questions.
This is like one of our favorite types of formats for just sharing information.
And it could be about anything.
It doesn't have to be specifically about Adam or Ellis or the markets or anything.
the markets or anything. It could be you want to share a little bit of information about your own
It could be you want to share a little bit of information about your own project.
project. You're a Web3 marketer and you want to share your ideas, whatever it might be,
that's an open forum. So with that said, I'll pass it back to you, Bear Moon,
get your thoughts on what's going on this week.
Yeah, thank you. Thank you for having me on the space. And thank you, everybody, for gathering here with us. As you can see, I think it was yesterday or the day before was Liberation Day. Somebody correct me. And we saw what unfolded. It was a terrible, so far, terrible week, not just for crypto, but the stock market.
So far, a terrible week, not just for crypto, but the stock market.
I was just gathering some information from the news, and so far, the stock market itself
has lost over trillions, not just one, but more than $1 trillion of value just completely
wiped out.
And as you can see, it's also been affecting the crypto space.
You know, we have uh reciprocal tariffs that were
implemented by the current administration i have been seeing lately that other uh countries have
been reaching out and uh recently just um today cambodia has decided to adjust their um their
rates for um a lot of goods from 35% to 5%.
So that alone is, I guess, a small win,
but we're still going to feel the pain
from these kinds of acts.
It's just a matter of seeing how it plays out.
I do know that Jeromeell will be speaking today i did
see that the unemployment number percentage it was a lot higher than expected uh 4.2 percent
so i this this could play this factor could play into pressuring them to possibly consider doing a quantitative easing, which, you know, it's
not something that I'm very favorable of, but you know what, you know, they're going
to look for something to, as always, to preserve the markets.
Now, if we dive into the TA now, and we're going to be talking about one of my
favorite coins, and that's going to be Cosmos. So I've been looking at it lately, and I will say
I am loving, loving how resilient Adam has been lately, despite the market conditions.
It is now almost at $5 as we speak.
And right now, I am seeing more confirmation of that bullish divergence
that was unfolding on the one-week chart.
I will be providing a screenshot of that on the comment session.
a screenshot of that on the comment session.
Now, what we wanna see is that the Stochastic RSI
is finally at the 42, and that is amazing
because that is a precursor that's going to help
the one month chart on Cosmos to change the course
for the Stochastic on the one month chart
to start switching, moving moving pivoting to the upside
so that's also pretty uh bullish for me so you know right now what we need to continue seeing
is for adam to continue that momentum and so far i like what i'm seeing um now if we switch over to
overall the the all coin market um i'm not gonna look at the total three because it's a bit skewed with the fact that you have XRP and Binance relatively high, close to their all-time high.
So I'm just looking at the others index, which exclude BTC, Ethereum, and the top top 10. now here I do have a bit of a concern
reason being is because right now the market cap of the of others is at 200 and 211 billion
we are sitting at a level that is from all the way back of October 2023
from all the way back of october 2023 um this i and keep in mind guys i am looking at the three
month chart we want to start um moving to the upside we don't want to in the next three months
close below uh 200 billion you know that's going to start signaling a lot of um weakness um occurring in the market
so so far you know it's still this chart is just new it just started in april so we want to start
um you know we can expect a couple of weeks to be um you know some down pressure because of the
uncertainty in the market currently but we want to start you know eventually start going up within uh in less than three months to the upside now if i switch over to to bitcoin
um so far it is holding um macro support on the one month time frame and on the one week
and i do see on the one week time frame the stochastic
is finally pivoting to the upside i know uh and i know hasham has seen himself for himself on the
facebook group people calling for 75 76 74 again and i'm like people need to understand that when
it comes to the macros market structure is very imperative to account for and so far we have been
maintaining that uptrend support which again i'll provide in the comment to account for and so far we have been maintaining that
uptrend support which again i'll provide in the comment session so that is so far a good thing
that we're seeing and we want to uh keep it that way otherwise as i said if if btc goes down
unfortunately it will affect everything else um the only other project that I have been also eyeing, I don't know if Nico is with us
today, but I've been watching Fetch.ai. Despite the massive downtrend has been facing,
it is on the macro forming a higher low. and i will say despite that it is extremely the the
the fair value of it is it is extremely deviated and you know i'll i'll be happy to say even though
some some of you guys may not want to hear this but if it drops to to 20 cents ASI, I'll be more than happy to scoop some ups right away.
So, you know, long term, I think it is a project that is worth holding as well as Adam and
Ellis.
You know, one thing I will say is that I'm very happy to see that the initiative that
the Skip team has put out there of us being more adam aligned it is more
crucial than ever that we start really supporting each other you know there's a famous saying that
goes either we stand together or or we fall divided and i think that is something that i'd
like to see um i like i'm really happy to see right now that this community is doing.
So as for the market overall, my last words is that, you know what, for now there is technically some uncertainty, but keep an eye on what the Fed is going to say.
It will play a big role seeing in the near future what direction the market is going
to take all right uh that's amazing analysis as always bear moon that's why i love having you on
the on stage to be able to drop some of that knowledge on us, especially on weeks like this, right? I mean, man, this has been
three, four months now of just relentless, you know, volatility, you know, fake outs,
you know, it's amazing. Like when we look at like all of the different times that we've kind of
tried to analyze what's happening, and then we think, okay, maybe there's going to be just a
little bit more time, a few more weeks of consolidation or a few more weeks of volatility and then maybe we finally you know shake out the
excess or whatever but it seems like this has taken a lot longer than i think most people
initially thought now i was in the camp as you guys remember um of this is going to be a time
correction that's going to take that's going to like frustrate people to know and right because
it's going to take a lot longer than people hoped for um unfortunately i was right about that because i i wanted to err on the side of like being very
conservative on it but i don't think we're done right i think like we are still in a situation
here where there is too much that causes people to very quickly um you know take down the risk
and we need to be more like you know we our industry does a lot better when people are more comfortable taking risk for a
longer period of time. And instead they're just maybe taking very,
very short term, like, you know, approach to it.
And the way that we kind of look at, you know,
what it's going to take to maybe address some of those concerns, the,
the people on the sidelines or the people who have like kind of exited,
gone to stable coins or whatever that might be, is that they need some sort of green light.
They need some sort of confirmation that the markets are okay for the intermediate term,
at least. We're talking nine months, 12 months. If they can get some sort of affirmation that
things are going to be okay from like, let's say liquidity
support side, then I think you'll start to see people come in. And this is where it gets
interesting is we don't have any signals right now that say, okay, government stimulus is coming,
major interest rate cuts are coming, right? None of that is actually going to happen in the very
near term. But in the maybe three to six month term,
it's starting to look more and more likely, right?
Markets are breaking down,
which means that probably interest rates,
as the sentiment shifts
and the economic data basically comes in weaker,
you probably will start to see a lot more
of this discussion about interest rate cuts,
which people have been waiting for for a long time. Unfortunately, it's coming on the back of
bad news, not good news. So what that means for us is if you are trying to figure out what's going
on in the landscape right now, you have time. And I know that when I talk about time corrections,
people kind of take the opposite side of,
well, I always say time is your friend on this issue.
And they say, well, no, time is actually your enemy.
But time is your friend, in my opinion, because you have the ability to accumulate.
The beauty of this is you don't have to chase the market.
You have the opportunity to pick your spots, to find your levels.
If something comes down and you really like it, it's a quality project. Like for example, yeah, it's full disclosure. I'm a large holder of Osmosis and Fetch AI, which is now ASI.
So yeah, I like to accumulate those things at lower prices. That's my personal opinion, not financial advice. But the key there is I'm not going to put myself in a situation where
I have so much risk on the table that if
they go down another 20 or 40 or 50%, that I'm going to be feeling helpless or in a lot of pain.
So I instead look at it as, okay, if it comes down 20%, I'll reassess my thesis,
and then maybe jump in and add a little more. So I just try to keep a balanced view.
I try to work with the market that is in front of us versus the one we wish we had, right? Which is a very important part of like this, you know, weathering the storm.
But that green light, when it does come, you know, people will come in with a lot of liquidity, right?
VCs will be deploying cash.
You know, angel investors will be deploying.
Financial institutions will be deploying.
But if you wait for that to happen, if you wait the six months, the nine months for that to happen, you might already miss the move.
And that's the problem. Right. Typically, these moves will start to happen in advance of whatever's happening.
So if you believe that a recession is coming, you know, typically the market bottoms before that recession because the anticipation of it is what drives the market lower.
anticipation of it is what drives the market lower. So if you weren't already accumulating
in that period, when the recession is declared over by the, you know, because it's always
lagging data, right? It's the GDP data that's reported after the fact, then you might have
missed it. So this is kind of the mental fortitude side of things where you do have to actually like have a thesis, believe that,
you know, you are, you're starting to see that turn where the, you know, the conditions are
going to be starting to, you know, to be easier for economic improvement. And then that would be
your kind of like your signal that you're, you know, we'll be okay in the intermediate term.
So again, I don't see any signs of that just yet. So you have time, personal opinion. But I do very much take notice of tokens or equities that are performing
well when everything else is bleeding. I think that's a very, very interesting phenomenon.
When you see Adam performing the way that it is against Bitcoin and Ethereum and many other cryptos, and I'll even throw Ellis in there because Ellis has just been on fire for
the last 30 days. I actually looked, I think it is alongside Adam, probably the best performing
Cosmos token over a 30 day period. So we have, you know, when I look at that and I see certain
things are performing really, really well against the backdrop of a very bloody market, it's just something to put on your list and watch it and say, okay, what's going on here? Why is that different?
So I'll pass it back over to you, Bear Moon, because I'd love to know why you think in a market where everything is just getting crushed, why is Adam bucking that trend? What is it about Adam?
Why isn't Adam kind of following that same downtrend?
And what is the next level that we should be looking for
if it continues on the uptrend?
Well, one obvious thing to point out is that
we had some very exciting news with Eureka, IBCV2.
I think people really underestimate how massive huge of
a deal that is i just imagine permissionless seamless trend crossover between ethereum solana
you name it there is so much new use case to it that is going to massively benefit
case to it that is going to massively benefit Cosmos in regards to that.
Now, when it comes to the market conditions itself, people need to understand also is
that from September of 2021 to September 2024, we already went through our typical uh downtrend for what all coins offers which is
typically between 600 to almost a thousand days in this case we already did that in 1096 days which
is pretty much over uh i think almost three years um and we already formed technically, I would say a double bottom, which is a total of 1,277 days.
So for me, the way I see it, when I look at the other indicators, the cell pressure is extremely weak.
It is beyond exhausted.
And there's really not much else to take from Adam in that regard.
So that's why I've been very bullish on that and thinking like, you know what, it's obviously a no-brainer why, you know, it makes sense to start DCA-ing in on this project.
And not only that, I also got confluence on the confirmation that we've been bouncing off a historical level from $4.
So at this point, as I mentioned in the previous space, is that we need to go back and conquer the $7 level.
And once we do that, the next level everybody needs to be eyeing that we need to conquer is 14 at that point once
we get over the 14 is is uh you know at that point it's just focusing on the all-time high which is
um essentially 44 45. so those are our two key levels i would say 7 and 14 are the two targets that we need to focus on to really change the sentiment and the long-term sentiment for Cosmos in terms of technical analysis.
I love those levels.
Yeah, you see there was kind of battles taking places at the 7, 10, 14 dollars.
Ten dollars, it became a meme for a little
while, right? Like Adam being pegged to $10. So we can definitely expect that there will
be fights put up at those levels, right? Because of the strong technical kind of gravitational
pull. One of the things that I find interesting about this is when you start to break out of a technical
level like that uh it's it the momentum is huge right because people on the sidelines you know
traders one one thing you know since i don't trade i love to learn from traders i love to kind of see
their behavior and like find out what exactly it is that you know that kind of gives them a green
light to get into something traders Traders actually wait until you
get confirmation of an upside move before they jump in. So they're not actually doing
it in anticipation of, hey, I'm going to buy the bottom and then that way I can catch it
perfectly and it'll go up. They actually wait for it to have a proven uptrend and then they
get in and ride the momentum.
So that explains kind of like why you could easily go from 10 to 14 and then from 14,
you can go to 44, right? Because they see the confirmation of the uptrend and they all pile in.
So it's actually a really like, it's very logical, but it's amazing because if you were,
you know, kind of more of a long-term mindset and you have been accumulating,
you don't have to worry about any of that, right? You don't have to worry about, oh,
I missed the move. I should have got in. I should have done this, should have done that. It's like,
hey, you know, stay and relax, hang out, do whatever you need to do, right? Keep your,
keep your risks mitigated and it'll, it'll feel good. It'll feel good over the long-term. So
pretty exciting. I love those levels. I'm super, super excited that Mag has taken time out of his
busy schedule. I know he has a call in 10 minutes super excited that Mag has taken time out of his busy schedule.
I know he has a call in 10 minutes.
So welcome, Mag.
Thank you so much for joining us on stage.
I would love to introduce Mag,
who is basically the most,
you know, you see him all over X, right?
Like with I Love Cosmos,
with everything he's doing with IPC Eureka,
everything he's done for the Interchain Foundation,
Interchain Labs, super excited.
So the floor is yours, Matt.
That's a very kind introduction.
I do have a call in five minutes.
I just wanted to drop in and say, hi.
Yeah, where to start?
I mean, it's been, I would say at a high level, we exceeded, or the team exceeded my expectations for what we get done in 90 days. I mean, we just sort of celebrated our first quarter in this role and, you know, rolled out ABC Eureka, which we thought would take a lot longer, but it ended up just taking 90 days.
we thought would take a lot longer, but it ended up just taking 90 days.
And that is going live, basically, very soon, very soon.
When I said calm before the storm, I did mean it.
As far as I understand, it is the calm before the storm.
And yeah, and so, you know, we're celebrating to some degree.
I mean, the team worked unbelievably hard nights and weekends, you know, complete
burnout. Everyone's sick now after just like a fever rush to get this out the door. And so people
are like dropping like flies, but we're going to come back for next quarter. And, you know,
one of the things that we have as a tagline for next quarter internally is unleash the builders.
What we mean by that is basically for a very long time, people couldn't build on the Cosmos Hub.
People couldn't really build in a way that was aligned with Atom. You had to spin up your own
chain. You had to do all these, you know, somersaults or backflips to do that.
We're gonna make that really easy.
And we're gonna do that with a bunch
of really good partners.
And so the next quarter is about bringing those partners
to market and supporting our existing partners, right?
Ellis, you know, Sentinel, all the folks using Eureka,
Noble, their Noble dollar
that's Atom aligned once it's on the hub,
you know, working with those folks to improve them
and then also launching some really good
hub native applications that we're pumped about.
Yeah.
Oh, I love that.
I'm super excited.
I know many people from the community have always wanted,
you know, their vision was to actually be able to build apps on the hub i know it's something that ellis wants to
do because we have you know the ability to build outposts on other chains so one of the things
that we're excited about is you know on our roadmap is we have a very very like ambitious uh
prediction market um application that we're rolling into our d5 app and it's going to be driven by our
order book.
And, you know, from my perspective, I would actually like to build it directly on the
hub because I don't think the hub has, you know, in the ecosystem has a very strong prediction
market platform right now.
And what better place to build it than the hub?
So we would like to do that.
So we're excited.
We're waiting for that moment where we can actually start doing that.
I know we'll talk more with you about that, but it'll be really great to have it on the hub
because in terms of like how we generate revenue it does not really matter if we build it on our
own chain or on the hub because we have you know the ability to essentially cross over revenue
streams via interchain accounts via other methods right So that's not necessarily the issue, but we do want to provide value to Cosmos Hub
users and make it simple for them.
So all these pieces that come together to include IBCU Rica, which is so, so huge for
us, right? Like it's going to unlock the ability for us to have that native Bitcoin,
native Ethereum, which will be one of the first chains to bring that in.
Thanks to you guys.
It's just really a great opportunity for us to continue to do what we can in our mission to add value to the hub. And of course, we do send 15% of our
protocol retained revenue to purchase Atom. So very, very bullish, very excited. You're right,
we're going to unleash the builders. This is super exciting. And I think a lot of other chains
will follow suit, right? I think they'll do the same in terms of you know deploying some sort of application or some sort of function on the hub as a show of support yeah i only have
one more minute but you know i i think the the the way that we want to build the application
ecosystem around the hub is going to be very different from how all other ecosystems have
built their applications so i i can walk through a little bit
just so people know what's happening, how we do it.
The first one is picking very few partners,
not picking like a bunch of applications
that are just basically willing to copy paste,
not doing any grants,
but instead doing sort of larger venture investments, like from the foundation.
And then going really deep with those partners, which means like, for example, inviting them to spend like a week together with us in New York City in the office,
where we can like directly support them, provide hands-on marketing support, you know, like in almost almost be embedded in the team.
And then also provide massive amounts of liquidity and TBL on launch.
So one thing that we're working on is a bunch of ways for us to get
something like multiple millions of dollars of TBL ready for some of these applications
ready for some of these applications so that when they go live, they're immediately liquid.
so that when they go live, they're immediately liquid.
And also what we're looking for are applications that are sort of best in class in their own
vertical and work together really well. So we're not trying to have like many super apps that do
like everything. For example, I see this like pattern and a lot of other ecosystems where, okay, you had a great decks, you know, immediately you have to be also lending
perks, uh, like prediction, uh, NFTs, uh, and everything else.
And I think dilutes the, like, just being good at one or a very few really good
things and, um, having these apps be highly composable, meaning they use each
other really well, that the user experience of using them, it feels constant.
Like, for example, you don't need to reconnect your wallet when you switch apps.
Like you can just stay, you just have your wallet connected and just like switch between them extremely seamlessly.
And so I think like we're really building an application community.
It's something that we're spending a huge amount of time on this next quarter.
Ellis and Nisham definitely want you guys in that cohort.
And yeah, I mean, I'm really excited.
I mean, this is something that I want to do for a very long time.
It's sort of like launch an application ecosystem around Atom and around the hub.
So very excited for it.
Outstanding. Thank you, Mag.
And I appreciate you laying it out like that with, you know,
being very like specific and clear about what that vision looks like.
I think, you know,
the community has been craving that for such a long time and I love it.
I think we're going to be extremely, you know,
like supportive of every, everything you've just laid out there.
And I hope the community feels the same way.
I don't, I want to be respectful of your time.
You probably have to jump, but yeah thank you so much for for sharing that
and um i mean really really incredible stuff i think that was some serious alpha so thank you
again mag i appreciate i appreciate your time of course thanks to everybody here uh i'll get back
to work all right cheers that was amazing i i gotta say that you know hearing things like that
for for me is so
refreshing because uh we you know we kind of talked about this over time is we've the hub
decentralized very quickly uh you know years ago uh in an effort to really you know have an ethos
of hey let the community decide what the future of of the ecosystem should be. But in that process, the concept of leadership,
it kind of waffled in terms of, okay,
well, what's gonna be the prevailing idea
of what direction we take.
It sort of went back and forth.
We saw some of the public infighting
and some of the disagreements and the forks
and everything that happened there.
But what I love about what's happening right now
is we have now gone past that stage and matured into a new era where we do have strong leadership from a proven
team, right, with Mag and Barry and the rest of the Interchain Labs team who are coming in and
running this from the very, like, like, focused mindset of, okay, we're going to add value. We're going to,
you know, establish revenue streams. We're going to build consensus. We're going to open up pathways
for other chains to do well. And we're going to enter into all these agreements. And then we're
going to partner with people outside of our own ecosystem so that we can really grow the pie.
All of those things coming together is that leadership. It's that leadership that we've craved for so long.
And I couldn't be more excited about the leaders
that are stepping up within the Cosmos ecosystem
to make this happen because it was absent, right?
It was absent for a little while.
And you can tell the difference
when you have a manager versus a leader, right?
All of you who have worked in an office setting
or have had your own business
and you've had managers working for you
or whatever it is,
you can identify very quickly
the difference between a manager and a leader.
And we have leaders now in Cosmos
and that's freaking amazing, freaking amazing, right?
And so do not sleep on this.
Do not underestimate the power
of what these guys are trying to achieve.
These guys are the real deal.
And I'll open it up to anybody else who wants to jump in on this conversation.
I know we have Quasar who has interviewed Mag in the past.
We've got Ted Crypto.
Anybody else, just please do a request to speak.
I'd love to have you guys on, kind of share your thoughts
and maybe do a little commentary on what you think about Mag's plan.
If you think that, you know, he's spot on,
if you'd like to see him do something different, you know,
want to hear any questions, comments, or anything about it.
While we're waiting for somebody to raise their hand,
Bear Moon, if you want to kind of give us your commentary on that.
Yeah, no, you know, like Hashem said, if you have anything to say, please come up.
You know, I know I'm a bear, but I don't bite.
So please don't hesitate.
Just sometimes.
You sometimes bite.
Sometimes when I get hungry.
All right.
Nobody yet.
So far I see nobody.
I hope it's not like a glitch with spaces.
I figured everybody would want to come up and speak.
Okay.
I did want Quasar to come up and speak because I want to give a shout out to Quasar Validator and Ted Crypto.
I'll start with Quasar.
He has really been...
Oh, Zik.
Yeah.
Okay.
Come on, Zik.
Okay.
We got to request.
We got to request. Yeah So, Quasar...
...you launched today and especially it's a pleasure to see Magmar coming.
I think we now in a very bullish phase for Atom because we got a new team, new plans,
we'll see marketing soon and a lot of more things coming in the future.
So it's really great that even projects like Alice posted something like that,
because people can share ideas and cannot be that worried about the Atom future.
And it's absolutely amazing, I think, for all of us.
All right.
Thank you, Max.
That's awesome.
I just want to give you a shout out to Quasar
because of the work that you do for the ecosystem.
You're very active. You've been interviewing founders.
You've been out there helping to educate the community.
You go above and beyond what a validator normally does.
That's really incredible.
And as a governor for LS Network,
you are definitely taking a
lot of steps out there to help grow awareness, to help people, users who are trying to figure
their way around the ecosystem. It means a lot to me personally, and it means a lot to the people
who are wanting to learn more about the space. So thank you for everything that you do. It really,
it really is making a difference. with that said ted crypto shout out
to you as well if you can't speak that's okay uh we'll try to get you on next time if uh if you're
busy i also yes i'm sorry sorry i also like that that uh as the validator i think we just do our
job and that's it because as a validator you need to support the projects the ecosystem
and try to make people as much as possible to understand what is going on because sometimes
it's really tough to look through the web to find the actual news actual uh things that happened and
so we're just doing what we should do i think and all the regulators should be the same
yeah you guys hear me hey how's it going hey how's it going i uh i want to piggyback off of that
a little bit on what what are you saying i guess like that is in my opinion that is something that
all validators should be doing and that you don't really see as you don't really see it.
You know, like, uh, I think so many, especially, you know, the top validators, when they,
they got into their position and they just kind of get lax or lazy because everybody's
already staking with them.
And the participation in these protocols is what really matters.
Like that is, you know, yes, you, you guys are securing the chain, but at the same time, like part of that security is education and, you know, being a part of the ecosystem, not just being a yes man, not, you know, actually care about the chain you're securing.
And, you know, to see like Quasar doing that.
I mean, I'm not saying all validators don't.
There's a handful that are just amazing at doing this.
And it's just really nice to see the involvement that you guys have.
Like, it's a big deal.
Like validators are a big deal to the community.
And to see someone who's put so much time and effort and heart into it is amazing.
So shout out to you.
I know we've talked a few times. I, I absolutely, in any chain that I see that you're validating,
I put some stake with you and, you know, I just greatly appreciate it. And then to piggyback off
of what you were asking about Meg, I, my, like, I love the plan. I'm waiting to see how this all turns out in the end. But to me right now, there's never been such strong community support for Adam as a whole that there is right now. The sentiment around Adam is the most bullish I've seen since I've been in crypto. And we need to continue that bullish momentum. We can't, we can't get lazy as a community.
I think we all need to just continue and spread the good word and, you know, that what, you know,
ICF and, you know, the Atomalign chains are doing. And, you know, we have a golden opportunity now.
We are, in my opinion, we're in a bear market and we're going to be for, you know, some time of the accumulation zone or whatever, call it what you want.
It's a bear market to me.
But now is the time to rally the troops, rally the support behind the hub, behind Ellis, behind whatever protocol it is in Cosmos that you want.
that you want this this is the time this we have a golden opportunity here so as a community
This is the time.
We have a golden opportunity here.
as you know mods or you know founders or validators like we need to continue on this
momentum and i i think when the markets do turn around when these trade wars are done or whatever
we're going to see crazy price action on adam We're going to see in everything when Adam goes up, the rest of the, the rest of the
hub's going to do well too.
And the liquidity comes to the hub, it's going to go everywhere else.
So like, we need to continue this.
And I just, it's an amazing job that everyone's doing.
I, I'm just so proud to be a part of it.
And, you know, I guess that's all I really had.
Like, it was just my two cents.
Like we are in a golden opportunity now and we should not waste it, you know, so spread the word,
spread the good vibes, continue on educating and whatever it needs to be come together as a
community. And we will succeed at the end of this. Very well said, Ziggy. And I appreciate
everything you do for Ellis. You've been with us
since the very beginning, or very close to the beginning. And you put in the work day in and
day out for, you know, again, helping other people, you do it on your own time, you do it
when you don't have to. And I think that that's that speaks volumes to, you know, what you're
trying to do in terms of help grow the industry, right? Like try to make it a better place.
And if we all kind of like just approach it with that mindset that, yeah,
we can't carry the weight of the world on our shoulders,
but we can all do just little bits here and there,
whatever we can to help the next person.
And then they help the next person. They help the next person.
We are not trying to push people into making irrational mistakes and
decisions like pump and dump
memes right this is not pump that fun right like we're building actual infrastructure for people
to actually use for their future uh you know portfolio building um you know interaction with
whatever applications they're going to be doing gaming, all of the things that they already do on their iPhones or
Androids or on their laptops via some sort of app store or some sort of web app, we're replacing
that with a better option. We're giving them a better option to interact with something at a
lower cost with decentralization, with the ability as a user to partake in the actual revenue generation side of it too,
by being a token holder or a participant in whatever they're doing.
So you're getting all of the benefits of essentially like what you would normally be doing
if you were running your own business, but instead you get to decentralize it
and you get to actually share in the rewards.
So it's a really cool concept.
It's why I'm here, right?
It's one of the reasons I believe in this is that i shouldn't just be able to be an entrepreneur and build a business
just for my own success i want everybody to be successful like we built ellis network to be
a chance for everybody every participant in there to get a benefit if you're a trader if you're a
liquidity provider if you're a staker you all benefit in a different way. But we are not taking,
we're not taking, we're not putting, you know, taking tokens from one pocket and putting it in
the other. We're not wealth transfer mechanisms. We're not taking somebody's wealth and shoving
it into somebody else's pocket. That is the wrong way to accrue wealth in this industry, right? Like
that is just pyramid schemes or means or just really, really devastating
things because eventually what ends up happening is those people get wrecked so badly they don't
come back. You need to have an actual self-sustaining model where everybody participates,
everybody benefits. And that can happen, right? It happens every day in our banking sectors. It
happens every day in the tech world, you world, Google, Apple, Microsoft, right?
Those people don't, the users come back
and they keep contributing to those economies, right?
So that's what we're trying to build.
I appreciate what everybody's doing in terms of
what they do at their own level in their own way
to help advance that a little bit further.
So with that said, we have a new speaker.
Brew, sorry, I don't know how to say. Can you can you say
your name and let us know where you're from?
Oh, come on. I want to try to pronounce that.
Hashtag Muskoa.
I give up.
Brew rules, man.
Awesome. Welcome. Welcome. Thankus awesome welcome welcome thank you so much
thank you so much uh first of all not to be rude like but somebody wrote me a dm and said
these guys don't want the customer super app so i jumped in because i think that's
very interesting discussion and second of all i just want to ask six like if there's like any historical press
precedence for what you said about when the cosmos hub or the cosmos or atom chain thrive
and the rest of the ecosystem thrive because i haven't seen like that historical precedent that
you are referring to
If that makes sense.
Ziggy, so you're asking Ziggy if you're saying whatever happens on the hub being the driver
for the other chains, is that what you're saying?
Yeah, I don't see the value proposition.
So as I understand the original intention with the Cosmos ecosystem, it's like this internet of blockchains where everything is connected basically into one super app where everything is super seamlessly and shared, secured liquidity. and what I've seen from the three years I've been in this ecosystem it ended up
with a bunch of distressed asset and there was like not really any downflow
of value from the hub down to all the dApps.
Yeah sorry for not answering you before it caught me. I was trying to take a piss, but the thing is, it's different now to where it's been. If you want to go back to last cycle, and I wasn't here for it, so I'm just speaking off of research and knowledge, so don't get me wrong here. I'm not saying any of this is fact. These are just my opinions.
my opinions, but your Adam's sole utility is, was inflation and airdrops stake for airdrops,
you get inflation and then you get airdrops or there was literally nothing else that was driving
it so that you're not, you weren't going to see that liquidity really flow into anything else
because all anyone did was they got lazy. They, they just staked their Adam, they claimed their
rewards and waited, waited for the juicy airdrops that they could just staked their atom they claimed their rewards and waited waited
for the juicy airdrops that they could just dump and move on from like that that that was all
cosmos had to offer we're now you know since uh skip took over and we got the icl
it's different they're they're the full purpose is to bring you, utility to the hub and a reason for the hub to even be there.
And it's, it's all about, it's all about demand. And Meg was saying this in the, you know, Adam
chat, you know, the other day that they're focusing on demand. So when you bring demand in this,
you know, then the price will reflect that you have, if you have, you know, projects, you know, throwing money at Atom off of their proceeds or, you know, using Atom, you know, as a primary gas fee, all this is going to drive demand.
You got, you got incentives to try to bring more, you know to adam as a whole and they're you know with eureka
and ibcv2 i mean like the the possibilities are endless you know we're we're in the beginning
stages of what is going to happen so you know once eureka's live then you can really start to
to grow that demand for adam for the use cases Adam, other than staking for airdrops, because, you know,
let's be honest that the staking Adam for airdrops meta is dead. Yeah.
You might get some here and there, but it's all going to be dust.
There's too many stakers.
It's not worth it for projects to really reward Adam stakers anymore,
other than just a tribute for, you know, being a part of it. You know,
it's, it's switched to NFTs or certain certain nfts or you know or protocol usage and really
that's the way it should be but now like you know with the increased demand or increasing the demand
for atom that liquidity that's going to come to atom it's going to open people up to the cosmos
you're going to see people using using different dexes like you know like shade or or ellis or osmo and and it's just gonna
create that and then when you got a just easy simple bridge to ethereum or solana or btc or
whatever you know whatever protocol you want to use it's going to allow that that flow that cross
chain flow to increase like dramatically like i think in the video I watched yesterday with
Meg it cost him what he said it's going to cost like 10 cents to bridge from you know Cosmos to
Ethereum and it's going to cut and it's going to take like less than what's that I get your point
and I think it's very valid but I still think there's like some nuances that are left out in like calculation, like the constant chain fucking maintenance for each chain that is basically just its own standalone app, right?
It's ridiculous.
The problem with like chain upgrades throughout the entire ecosystem is ridiculous in my point of view.
And I do believe like the answer for Cosmos as an entire team, or as a whole, right, would
be moving forward and trying to remove all this fucking chain maintenance.
There's a pain in the ass and fucking tedious for any fucking team, as I see it again.
This is my personal observation.
And together in a synergy or a fucking group under one app,
one click away is super fucking attractive for the users.
You have everything there.
You have one huge ass fucking validator set that creates a lot of competition,
and you just gather it together,
and you can multiply market caps very easy with that,
instead of it being standalone and basically not chain PVP,
but, you know, band together in a union,
like the people's hub instead of the Cosmos hub.
I mean, it's a great point, right?
Because what Cosmos does and what the original intention was,
was customization, the ability for you to build at the protocol level
or the application level,
and then be able to seamlessly interact with everybody else, right? So to me, it doesn't really matter if you're talking
about a large chain like Ethereum with a million dApps built on it or many smaller app chains all
interacting with each other as long as there's no friction, right? That's the key. So to your point,
the design that we have has more complexities because you do have to individually update each chain.
But I can tell you as a founder, there is no way I could have built Ellis Network on Ethereum.
There is just no way, right?
First of all, the blockchain is too slow.
Second of all, the gas fees are outrageous.
Third of all, you would have to customize it so much via smart contract that you would be exposing so much vulnerability to yourself.
Look at Hyperliquid.
Hyperliquid should not be built on Ethereum.
It is so they've even gone in and had to customize so much stuff because Ethereum is
not a compatible chain for them.
So they actually should have.
You're absolutely right.
You're absolutely right.
And I think the current status of the Cosmos Hub and the check on the Cosmos Hub should be utilized to make this super duper app.
And we should literally just band together the chains and the teams,
remove every team's fucking chain maintenance,
put it onto one team that does the maintenance,
and then every other team can keep developing the app with the same autonomy.
Okay, so to your point like it's a union.
So to your point, that's a really great point that, and Mac actually touched on this
when he was on here, is that he does want applications built directly on the hub, right?
So he is bringing that to the ecosystem, which I think is a really great idea.
But there are certain things that still need to exist as their own standalone chains.
The hub maintenance is a responsibility of interchain labs.
So for example, when they update Cosmos SDK, or when they find a vulnerability, or they
recommend a code change, they actually send that out to all of us.
So for those of you who don't know, we are, as founders, we actually are, we're all talking
to each other, right?
So we talk to, you know, Injective, D-O-I-, we're all talking to each other, right? So we talk to,
you know, Injective, DOIDX, Fetch, Noble, right? We're all in a collective platform where we
communicate with each other regarding the technical issues, kind of to your point, Bru.
So when Interchain Labs, who does bear that responsibility and the cost of maintaining
all these code changes, they shoot them out to all of us and then we
we integrate them or we provide input on how to move forward um so it's not that is very true but there's also historical precedence of that not being true i remember clearly in 2021 when
the hub was made aware of the bug in the code that made the 2022 attack on lunar particles.
They knew it for a year and they did not do anything about it.
And you all know that history.
So yes, it's true and yes, it's not true.
I agree with you.
That was a period in time where people were not very happy with the way that
things were happening in terms of consensus and being able to speak up and say,
hey, I want this issue addressed, et cetera. I think what you see with the changeover to
the interchain labs now doing the chain maintenance is that they are much more transparent. They are
much more willing to take on any kind of feedback. So for example, we passed to them several things
that we would like to see in Cosmos SDK.
For example, I can give you one of them right now,
which is 18 decimal support, right?
So Cosmos right now, the way that we natively support tokens,
our decimals are actually different than like EVMs,
which creates a bit of an issue in terms of compatibility
because the prices, for example, of a token on EVM
can go all the way out to 18 decimal places so in conjunction with icl you can see that they're working on solutions
to actually remove that friction so a future version of cosmos sdk can actually go up to like
34 decimals which is really great it'll be great for us as a d5 platform so things like that really
interesting but yeah it is yeah is the bank module has that been fixed or is the same
bug still available that was utilized in the lunar crash because I'm pretty sure that's the same bug
is still there and it hasn't been fixed either but neither by the old team or the new team which is
you concerning it takes any customers chain costs around five bucks an hour to literally take down it costs 200 bucks
an hour to take down the hub with completely legal transactions can you uh join the telegram chat uh
adam og chat and uh and bring that up because i that's actually a great discussion i want to see
if it's been addressed because if it's not i I guarantee you ICO will move fast on it.
I'll post a link in the chat here, Hashcom.
Yeah, that's great.
No, no, I beat you to it.
I beat you to it.
Awesome.
Yeah, because this is a great one.
I'm glad you brought it up, right?
This is one of those things where we should be.
We should be trying to get our house fully in order.
But where I'm very optimistic is that everybody right now is on the same page of, yeah, we do want to make sure we're resilient.
We do want to make sure we address any kind of bugs or any kind of issues.
So, for example, one of the things I was most vocal about, and this used to drive me crazy, is the fact that, like, if you were a new chain deploying in cosmos you could your your uh
your pre-sale investors so pre-seed seed investors could actually stake their unvested tokens so
let's say you're on a two-year or 18-month investing schedule they were allowing their
early investors to stake the entire bag even though they weren't vested which i thought was
crazy right i thought that was absolutely nuts. And that's essentially how communities like Juno and Atmos and all those
projects back then just completely dumped on their users, right? No offense to these guys, because,
you know, I think some of their, some of their founders were actually really good people.
But it wasn't, it was an actual problem with the way that they built the code, right?
They were allowing people to stake unvested tokens.
So we wanted to put a stop to that.
So we do not.
None of our investors are staking their unvested tokens, right?
The tokens have to vest first before you can stake them.
And the reason is that's an unfair system.
It is unfair for you to be able to collect staking rewards and then sell them before
they've even vested.
That's so crazy.
So that's how most people were able to make over 100%,
200, three, four, 500% on their investment
before they even got their tokens.
Totally criminal.
Well, no, I'm sorry, I shouldn't say that word.
It's not criminal, it was legal, but it was wrong, right?
So my, yes, unethical, there you go.
So my concern with that is most users didn't even know that that was a thing. They had no idea. So we try to be very transparent about things like that. I want to see that completely go away from the Cosmos SDK code. Like, I want that to be completely removed. You're starting to see other chains voluntarily do what LS Network did. You're starting to see them voluntarily remove this from the code. But it really should be as a standard in Cosmos SDK. It should be gone, right?
And I think those are the things where I am not willing to destroy the forward momentum
of Cosmos and to ruin sentiment by being so vocal on this issue that I'm going to get
people to be upset about what's happening in the ecosystem.
Instead, I'm going to support it with positivity.
And I understand the direction we're going is correct,
even though my issue will maybe take a little bit longer
to get resolved.
I'm 100% comfortable with that, right?
I'm 100% comfortable with us having the conversation
that's still moving forward in a positive manner.
And we all win together that way, right?
Like we get our consensus that way.
And in the process, if any chains are still using this,
you know, unvested staking,
you know, loophole, then it's up to them to communicate to their users, hey, we're using
this FYI, our pre-seed investors or our seed investors are earning staking rewards on tokens
they haven't received yet, that type of stuff, then at least we're being transparent. So again,
that's just an example.
I think this is fascinating.
I actually love this discussion.
I mean, I think you bring up really good points
and really this is what it's all about, right?
Like you have the ability to really provide
very impactful, very positive things
that we can move forward on and make the chain better,
make the ecosystem better, make our best practices,
our checklists, our testing, all that stuff. So I encourage you, if you haven't joined that
Telegram group, please do join it today. And then let's see if we can get some founders to
move on this thing. This is pretty exciting. Yeah. And to touch on that Telegram group,
I don't know if people really understand what kind of group that really is, like, it just,
it comes off as, oh, it's an atom chat, but it is literally the chat for the hub. Like any,
any random person such as myself and going there and you are surrounded by all, not all, but a large portion of all the founders of the, of Cosmos. You got, you got whales,
you got fish, you got founders, you got team members. I mean, it's literally everyone there
is in there participating with everyday people. Your, your, your thoughts, your ideas,
your stuff is all into consideration you know like you got literally
the the head of of the hub is in there taking feedback from the community like it is everyone
should be in that group if you are bullish on cosmos and you and you care about cosmos that
is the place to be and that that's all i'll say about that yeah absolutely i that what's one of my favorite
things about that group is that you have um anybody can access a founder in that group right
because a lot of uh what i hear from people is like you know i messaged the founder and i never
heard back from them or you know i was trying to get a hold of the team i just can't find them
well this is an opportunity for you to actually directly interact with Mag, with Yelena from Noble, with Sunny from Osmosis, with us from
LS Network. Well, we're easy to access. You can just DM us right away. You know what I mean?
So the idea of having all these founders in one place where you can just ask them the hard-hitting
questions and they won't shy away from it. They're not going to be upset with you.
They're not going to block you.
They're not going to kick you out.
This is what it's all about.
It's open forum.
But what I love about that is that we can take care of these concerns and questions in a room where people can just throw out their ideas, throw out their commentary.
If we disagree, it's not a big deal.
It's not a public fight on X.
It's not some weird this versus them or us versus them kind of you know war or anything
it's just straight up how do we get to solutions and i love that and so i encourage you to join
i think you could be a really big uh you know influence there and be able to kind of like help
guide and and uh and maybe you know uh on on the margins get margins, get us in a place where, like, you feel comfortable
with the design and it becomes a better alternative to some of the things that you like out there.
So, you know, one of the things that I actually am really impressed with is the fact that
throughout all this and our struggles and the hurdles that we've had to go over and the fighting
and everything, and we've gone past that, is we've become the gold standard as an ecosystem for other chains that are looking at us going,
wow, okay, Cosmos figured out how to scale. They figured out interoperability. They figured out
low cost, sub one second block times. We have it all, right? We have it all.
And now the ultimate testament to that is Ethereum wanting to look
like us, right? Like, like everybody within Ethereum is actually sitting down going, how
can we look more like Cosmos? That's pretty impressive, right? Like when you think about
everything we've gone through, and yet we are still the gold standard, we are the gold standard.
So I encourage you to take, you know, for all of you to take the lessons learned from our dark periods, from the things that happened three years ago, two years ago, and watch the way that we've matured and really grown to become such a better ecosystem with strong leadership, with the ability to actually tackle problems, the ability to ship things that people actually want instead of
things we think they want. That was a big mistake from the early days, right? We have a lot of
brilliant minds, a lot of great developers, but man, they were just building garbage. I'll be
honest with you, right? They're building shit. So it's like, this is like a major turning point.
And do not let any of those past things, you know, change how you feel about
like the direction of where this industry go goes forward, because we are the change we want to see
in the world. We are the actual keepers of, of what happens going forward. So you all have that
ability to make that happen. And I mean it down to the individual level, like literally, you know, like our prediction markets.
Sorry to cut you off,
but I really agree with that point.
And I think the way to go forward
is the Cosmos 2 bar app
and merge as many chains as possible,
keeping autonomy and just go that way.
And I will work for that.
And I just want to say thank you for the time.
This has been a really good conversation.
I joined the TV chat and yeah yeah i appreciate everybody's point and i yeah i appreciate you guys and i'm grateful
for you guys making this conversation possible so thank you so much and yeah remember we're all
worthy of love and i love you all so have a great evening i love you too brother brother. That's awesome. I love it. I love this. This is fun. You know, I think we don't have enough like open discussions where people want to take once, you know, have a position that they feel strongly about. And then somebody else might have like the opposite opinion. We don't have enough of those discussions where where the conversation stays civil and remains issues based and man what
how refreshing was that we're like there were differences of opinion and different ideas but we
we we were able to discuss them in such a respectful and and positive manner and i love
that right that's one of those things that i really think indicates that we're in a better
place now that we are not there to
only push our own agenda or push our own position, but instead be willing to listen
to somebody with a different idea and be willing to actually incorporate that idea.
That is how consensus is achieved. I don't believe that I'm the keeper of all the right answers. I
don't believe that somebody else is the keeper of all the right answers, but I believe when we put our minds together, we can get the right answers. So I
actually love this. I hope that you guys feel the same way. If you disagree, please let me know.
The infighting and the tribalism, it is going away. And every day you can see that shift.
There's, you know, there's calls and influencers that you see posting that are like, wow, I'm,
calls and influencers that you see posting that are like wow i'm i'm back on you know i'm back on
the cosmos because i see the changes being made you know it's not it's not pvp or you know protocol
versus protocol anymore it's it's unity and unifying you know generally i mean and don't
get me wrong there's there's probably a few that you know there's always those ones that
distance themselves from the hub and you know don't like to admit the fact that, you know, the hub is what made them who they are.
But I mean, that's fine. It's whatever. But the unity that I see happening, you know, around Adam and the cosmos in general is, it's amazing.
And it's, like I said, since I've been been in it's the first time i've ever i've ever
really witnessed that and that's what i mean we need to keep that momentum up we need to
we need to work together you know what i mean just because just because osmosis and ellis
are both dexes it doesn't mean they can't work in harmony together you know you don't have to
be better than the other or attack the other or whatever.
There is opportunities for everyone to work together. Like you can, the ARB trading between
Cosmo or between Ellis and Osmosis is amazing. I know some people who sit there and do it all day
long and they make a lot more money than I have just by holding my assets and hoping they're
going up, you know, like the opportunities are there
and we need to broadcast that.
We need to stand together and we need to show that to everybody, you know, like the hub
is the way to go.
There's nothing better than the internet of blockchains.
And I think over time here, everyone's going to see that.
And also, before I forget, if you do join the adam og chat we um i am offering
uh free profile pictures um you know i can redo any style you want you know just a little courtesy
and a welcoming package for those that do join us yeah shout out shout out to you for that too i
don't you know i changed my profile picture for the first time in a year, I think. And, and I absolutely love it. And that was all due to you, even though I was
shocked that you found a picture of me since I didn't realize I had any out there. Not that I
care about doxing myself. I just never have, but Hey, you know, is what it is. I appreciate it.
And I love the picture and
i am happy to support the cosmos that way as well thank you yeah i love it it does actually look
really good i love the one you made for me as well i posted that on x a few days ago now awesome
work what do they what do they call that by the way gibbification is that what that's called? Yeah. I never knew how to pronounce it.
Oh, cool.
Yeah, no, all really, really amazing points.
I love the cooperation.
I love the unity.
I love to be able to hash out disagreements in a very respectful manner.
I love being able to take advantage of our momentum,
be leaders in the space,
continue to help educate others.
Those are all the kind of
the key foundational aspects for us to really build something very special. And it's okay to
make mistakes. It's okay for us to have to change course along the way. I think that's where people,
not to name names, but people who were stuck on the vision of Atom, we must maintain it,
this and that. Well, what was the vision of Adam?
It was Internet of Blockchains, right?
It's a very general statement.
But it didn't say that you have to go down the specific path.
It didn't say that you must do this at all costs.
You must, you know.
And so being able to adapt, innovate,
adjust for changing conditions,
being able to do all of those things is so important
because otherwise you get left behind in the dust, right?
You become what Ethereum is right now now which is they didn't really innovate
right maybe there's they're now they have they're playing catch up and so we we like what's happening
with all this we like being risk takers we like making mistakes because we get better over time
oh i see steak and relax just jumped on i i want to give a shout out to these guys because i know
we got it we got to wrap up this space soon but let me see if you're willing to speak.
I'll throw you on.
Stake and Relax, for those of you guys who don't know,
I've followed these guys through their journey.
It's pretty amazing.
I want to say that one of their first validators
was Gnomic maybe,
and then I think they worked their way up several chains
and then got on the Cosmos active list,
and they've been great, great contributors to LS Network. They worked their way up several chains and then got on the Cosmos active list.
And they've been great, great contributors to LS Network.
Absolutely love the work that they put in.
They're very community focused.
I believe they do quite a bit of educational tools on X and community support.
So I love those guys.
If you had a chance to speak, please do say hi
and let us
know what you guys are cooking. But if not, just want to give you guys that shout out. Okay.
Okay. Scared them away. I do that. Sometimes I'll just select somebody,
like ask them to be a speaker and then they disappear. I'm like, oh, okay. I guess he didn't want to speak.
Anybody else before?
I'm going to have Bear Moon take us out because I think, you know, I'd love to get your closing
commentary kind of given everything that we have talked about.
But before, just one last opportunity here for questions.
But if not, Bear Moon, take us out, please.
Oh, absolutely.
Thank you. Actually, I'm actually uh happy right now i just finished eating uh egg and cheese so
i'm not hungry anymore um um so the only thing uh closing thoughts is that i understand for a lot of
you guys um historically speaking when it comes to the charts, we are off because typically after the halving, then the upcoming year, especially after the presidential election, the first quarter is when usually all corn season starts.
Unfortunately, that hasn't been the case this past quarter.
I am still holding strong that we will have a bang this year.
that we will have a bang this year.
I'm hoping it starts this quarter.
I'm hoping it starts this quarter.
And like I said, keep a close eye
what policies or actions the Fed
and the current administration takes.
It will take a toll and play a massive role
on the direction the crypto space
specifically is going to be heading.
Also keep in mind,
I will also keep tabs on BlackRock, Larry Fink as well.
These are players that are very crucial, that are playing a big part on what direction the
crypto space in general will be taking. Aside from that, like I always say, if right now the
current prices are below your current entry.
These are amazing times to continue to dollar cost average.
And as always, the long-term strategy, me being in already over three cycles,
if you continue to DCA and just huddle,
continue holding your positions for these projects that you have a high conviction on.
In the long run, you will come out winning.
You know, don't fall into the bait
of doing constant trading.
Day traders is not consistent, it's not practical.
And please be careful with doing leverage trading as well.
You know, best strategy for retail is just buy,
hold and dollar cost average and you
know i don't want oh yeah one more thing before we leave i want to do a a shout out to another
um project that is adam aligned um dungeon chain had just became the first they was the first one
to do a hard fork and became their own sovereign chain and they have implemented backbone labs
nft marketplace on their chain now and there is a mint going on to celebrate that is happening
today i think it is in about 45 minutes i believe so if
anyone is interested and you're into nfts and you want to support uh a cosmos aligned protocol i
mean there are grassroots they have no vcs nothing they're they're amazing people um that is happening
so go show your support and you just need some dungeon to mint and there's actually even a faucet
if you go into their telegram,
I'm looking at it right now.
So I just wanted to put that shout out out there for them.
Can you leave the link to them in the comments?
Yeah,
please.
Yeah.
I would love to do that.
You want a link for their,
their telegram or for the mint?
For how about both?
All right.
Yep.
I can do that right now.
Awesome. Yeah. I second that their team is phenomenal uh they're they they actually i i minted one of their nfts and then i
um i got one of their early access nfts so i get to play play around with some of their games
which is really phenomenal i mean what they're building with no vc investors no uh
you know no like other like outside support is pretty amazing and i would encourage you know you
if you are interested in the gaming world and you maybe want to you know consider taking taking a
you know a supportive position on one of these guys, you know, knowing that it's obviously everything we do is risk and risk management, you know, take a look at what they do, because
they're a great team. They're very well established. They're US founders. They are based in the US.
They have built a really, really cool gaming platform. And they've done it with almost no
money, which is pretty amazing. So imagine when that first VC or that first larger financial institution or that first gaming company actually sees this and actually wants to jump in.
There's a real asymmetric risk reward there that I think is presenting itself.
So I'm pretty excited about them.
I'd actually love to see dungeon pools on Ellis.
Because of the way our pools are designed,
we technically need a price feed, right?
So we need like a larger, heavier volume token for us to exist on our platform.
We can do smaller tokens with less volume,
but then we would be able to implement
our Smart Shield design.
So it wouldn't really be a big benefit to them
because it might as well just be
what they already have on Osmosis.
But I'm super excited for them. I'm very very supportive of them we did a space with them i
believe one one or two months ago we're going to do another one soon because they have a big
announcement that we want to we want to kind of like um help them spread the word on so i'm super
excited about them uh don't sleep on those guys for sure they're they're working hard and they're
and they're building really great things yeah absolutely and absolutely. And I just want to put, I did put a link to the live launch pad for Backbone Labs.
The Necromancer NFT, if you want to pick it up, by all means do it.
That is not the one that is associated with Dungeon Chain though.
The one for Dungeon Chain, it's called Ashfall.
Like I said, it is going live in 43 minutes or something.
There's only 538 NFTs available.
So I would recommend if you are planning on doing it to get your DGN now.
So you're ready to go, but that's all I got.
I will stop running on for the day.
I think.
Awesome guys. Thank you so much for being here. This was actually a pretty phenomenal and
unexpected space in terms of the speakers and the topics and everything that went on today.
We called it markets in turmoil, but it's gotten me more bullish than anything.
So again, thank you guys for tuning in.
I really enjoyed this one.
I hope we get to do more of these again more often.
These are so much fun for me.
I hope you guys feel the same way.
Anything you want us to see do differently,
anything you guys want us to touch on, speak about,
please DM me, please just get ahold of us any way you want and we'll do it.
And of course, again, open mic every time.
So like, if you guys want to speak,
if you're a little nervous about speaking, no problem.
We can help you out with that.
Just let us know.
We'd love to get you up on stage and have you speak.
So thanks again, everyone.
And we'll see you on the next one.
Cheers guys. Thank you.
