Hey guys, thank you for waiting.
We will be right back in a minute.
Hey, sorry guys, sorry guys for the waiting and our guest is on the way.
Just give us a few minutes.
Thank you so much and we will be right back.
Hey guys, thank you for waiting for the speaker.
are looking in yeah and we're back here in a minute so meanwhile if you have any question that
you would like to ask the speaker please comment them and we will take the 10 best answer and hit
them the cet reward thank you thank you for waiting guys be right back
hey cordial can you hear us gm gm apologies uh have some issues with the
x but anyhow i'm online thank you very much everybody all good all good joe joe is reaching
out um is reaching out another ciago as well yes we'll be right back yep yeah uh ciago is joining
soon so guys uh thank you for kept waiting and we'll be start in a minute
yes thank you very much everybody um and really appreciate the space uh thank you coinx for
setting it up and i think everybody's excited on what's happening the last
48 hours so lots of cool stuff we're gonna be talking about today
although the present is ours as well and we're so excited to invite different speakers to talk
various topics and you know like what makes it very exciting is the pecan just search over 64k
is so amazing and i believe everyone is easy as well so yeah keep them from crying
hey cardio yeah thank you for waiting and I believe of the Twitter space will
start soon before we start like me I asked you a few questions like what do
you think about yesterday's search on because price do you think it is the
pool market signal or it's just some preheat you know well first of all
thank you very much for the space and of course anything we say here is not
financial advice so please well Claudio seems to still connecting and his
networks not too stable Claudio if you can hear us maybe you can reconnect
again and I couldn't hear you can you hear me now I think Joe is not hearing
yeah yeah but I can hear Claudio yeah maybe Claudio can you we join this
Twitter space and yeah so you can hear Claudio but I couldn't hear anything
from my I can hear from you side yeah actually I can hear you as well I just
couldn't hear Claudio and IP as well with Ivy joining in yeah I guess he can
join again and it should be better okay okay no problem yeah let's watch guys
all right guys our space will starting in three minutes and up to Claudio join
back and let's waiting for the show begin thank you guys for waiting again
can you hear me now everybody GM GM yeah I can hear you what about you Joe can
you hear Claudio sounding clear
Joe can you hear us space is doing its basis thing I think everybody is excited
so coming back to your question you so yes definitely the last last I said
before the last 48 hours have been interesting and very important right
everything that we say here should not be considered financial advice please do
you do your own research and just take into account that crypto is is a risk is
a risky and anyhow so don't please don't risk your your life savings or the rent
or the money for for groceries or whatnot right so I think Joe is
reconnecting again so are we in a bull run right I think that's the question
that everybody wants to answer right now and everybody's keen to understand the
reason why so there's been lots of talk the last couple of years back-to-back if
institutional investors are coming if they are here and I believe the last 12
to 18 months there's been a lot of interest from a large organizations and
more importantly at least from what we have seen custodial interest and digital
assets right what do I mean by custodial it means that you are how can I
say outsourcing security and outsourcing the access to digital assets from a user
point of view right I think right now everybody knows that when you are
holding your own crypto you are responsible for what happens to it large
institutions of course they want to they do not want to have run all the
risk not only contract smart contract risk but also security risk right and of
course holding those assets and so with this it's it's why a lot of institutions
the last couple 12 to 18 months have been looking into solutions such as
fire blocks bit go to know a twin twin speak Anchorage right and in a lot of
custody assets also been offered by some centralized exchanges as well and so I
think that spur of interest and then certain actions that are get or sorry
activities that are gonna have you happening this year such as the halving
are pushing towards two important things less availability of a digital
asset and more offerings from an institutional level in a key and here I
think that the ETF did play a role in what we're seeing right now in price
action for Bitcoin right and so anybody and I think that's also dragging all
other digital assets right and in this case alternative l1s such as in this
case Solana right and we have other other digital assets such as near as well
you see avalanche and you see a cello and then you see a bunch of other digital
assets such as polka that as well or ICP that are are beginning to rally up
right so really really interesting times definitely each and every one of
them have different specific reasons like for example in this case uni swap
as well right but anyhow I will not go into deep diving to then we're really
excited about what's happening in the Solana ecosystem and that's what we're
gonna be talking today so thank you very much for the question and ready to roll
yeah thank you thank you for sharing yeah it's just a personal one like can
you please talk a little bit more about how you get more into Solana and how you
like the journey that you Solana like how you have more faith in Solana ecosystem
despite a lot of a lot of attacks or some people excretation on the Solana team not in compatible
being green layer one ecosystem comparing the area what's your take on it
yeah so just a little bit of a background so back in 2018 when I started
and maybe I'll try to introduce myself now so so my name is Claudio co-founder
of medical we're a liquid staking platform that supports Aurora ethereum
near Solana and q-network all of this are proof-of-stake platforms and so when
I got started was back in 2018 having been exposed to digital assets such as
Bitcoin XRP Litecoin ethereum of course and started just getting access to it to
different centralized exchanges such as coin X and so that's how I got started
to be honest that was kind of my first experience I experienced that first
bull run and then in 2019 I basically started exploring on building on top of
those platforms because at that time Solidity was the main main programming
language and technology stack to build what I believe were smart contracts that
evolved into doing a deep research on proof-of-stake tokens or alternative
assets such as Solana, Avalanche, Nier, ICP, Celo and I got access through
coin list right I participated in those eyes in those early ICOs and I started
participating in different hackathons so through this hackathons is how I met my
co-founder Lucio and we started building for some year but when we
started building on Nier the reason for it was that it was Rust based language
and so we continue building on it and then Solana had a hackathon back in 2021
I think it was February or something and my co-founder Lucio participated in
that hackathon I did not participate in that hackathon and then he met what is
now the marinade finance team so Michael and a couple of other folks that were
the early marinade team started to build the liquid sticking solution now for
that at that time I was not very much focused on the Solana ecosystem I was a
full-on focus on the Nier ecosystem we launched back in August 2021 I think
marinade launched a couple of months earlier I think it was June July and so
that and so that's how I got exposed into the Solana ecosystem basically my
co-founder Lucio is co-founder of marinade at finance so so fast forward
to 2022 we participated in different Solana hacker houses all over Europe did
Barcelona did oh no sorry I think it was yeah 2022 well it was the hacker house I
think it was during consensus I think in in in Austin that was my first Solana
hackathon was more of a eavesdropper right and not participated heavily there
but then they participated in the hackathon in Barcelona London and then
in London I get to meet face-to-face in real life Michael the rest of the marinade
team and so that's how I got exposed into the Solana ecosystem yeah amazing
thank you Claudio all right can you hear me Claudio loud and clear Joe how you
doing welcome back yeah thank you so much sorry for the network scene yeah
guys thank you so much for waiting and thank you Claudio for like sharing your
insights of your experience of being like in part of a Solana so yeah guys
let's starting our show today so thank you guys for waiting and my name is Joe
I'm a host of today and today's topic we're gonna go into talking about Solana
makes a powerful comeback so what our users need to know about and I think
Claudio just shared a bit of insights of his own experiences and why not we just
like to dive into it because I think Claudia doesn't need to introduce
himself again because he already did so so we have another our researcher from
CoinX site Ivy why don't you just introduce yourself to the audience
please hello Ivy I feel like Ivy is working on her speaking yeah I feel like
to this stage a little bit off today yeah but she'll be right back let me
follow up with her all right so why are we waiting for Ivy why not Claudio let's
just dive into the topic and with some of the very interesting questions so
first thing first Claudia I would like to sharing some idea what what were the
key factors you know contributing to the Solana's powerful comeback in the
crypto market I think a lot of users must be very interesting this yeah
please share your insights on this topic please yes and I think it all got
started around maybe around September September of last year before Solana
the Solana breakpoint conference so back in 2022 they announced the their
mobile phone their saga phone right I think a very important factor during
2023 is and to be totally transparent here I do not own the saga phone I was
skeptic about it the reason for this is I did not see like that the the value ad
that having a a crypto mobile phone would do right and here I need to tip up
my hat right I was that wrong of being except except being very much a strong
critic of that initiative right but they did a really good job it built a a solid
enough user base right because it is one thing to download a mobile a web app or
mobile app right wallet and it's a whole nother thing to have a phone in a
scene like in some of the the the the the long Solana fans right a bullish
fans that they even bought like two phones right I was like I don't get it
but then I think it was like around the summer some of the airdrops started to
to to to to appear on the phone right anything that go-to-market strategy was
executed really really well even for a six six seven hundred dollar phone right
and so I think that started to build a little bit of the of the FOMO around it
brain and now of course during this that now we've seen an uptick in interest in
the salon ecosystem by November December right but also with the Jupiter
a launch right airdrop and so definitely there's where we see and then
also Jito right Jito is it which is another liquid-seeking platform
competitor to to marinate and so I think it was really well timed and very well
executed yes it's not perfect and I do one of people people and folks listening
right now to understand that launching a platform launching a token or doing an
airdrop or an airdrop campaign is not for the faint of heart right it won't
it's never perfect it is impossible to make everybody happy and so anyhow but I
think they executed correctly in that very well is what has established the
salon of momentum up until now yeah you know like talking about salon and mobile
actually some of our colleagues they bought the phone as well and it is so
like what how should I put it in this work it's more like a lot of people
expect the salon because it kind of stuff it into the work to feel as well
because I when we talk about blockchain or the work to itself a lot of people
they feel unrelated but when we talk about a mobile phone but people suddenly
realize okay blockchain is so near to us now blockchain is it's with us now and
you know like the data the data and numbers they don't lie you know like I
remember Solana they so over like almost like 150,000 of Solana about the
chapter 2 phone it is just amazing you know and it's also exciting to see they
have four cells fallen compared with the first one cuz I remember they had the
first volume and they struggled to sell until at the end some air gel project
happened and then people suddenly buy out the phone but right now it seems like
people they just they just stop caring about the blockchain product the real
retail product yeah yeah it's just something we chip in
yeah I totally agree there right it's just they executed flawlessly to be
honest right not without is inconveniences right people complaining
that hey I cannot buy the phone and XYZ right but I think it's a they did it
really well so really excited to be participating and more importantly
partnering with marinate finance to to basically onboard Latin American and
Southeast Asia users that are interested in Solana staking
hey Ivy can you hear us now yes I can hear I'm so sorry for the matter of my
phone yeah all good I feel like the system is so off today yeah it's not
just happening yeah X is very is being stress-tested right now so yeah yes I'm
sorry sorry yeah just when you jump in so can you please talk about your
background and like your journey with Solana if anything like what what make
you like to join this topic today man I mean I mean as a researcher we know that
you love you love to be certain loves that even project but like what make you
more excited about the Solana part
Hey Ivy, can you hear us now? Hi, hello. Hi, can you hear me, Ivy?
It seems like we have some technical problem yeah me what about you Joe can you hear Ivy?
Excuse me, can you speak? I can hear your question. Can you hear me now?
What about you Joe, can you hear me?
you know what like I feel like something's off with this space and yes I
can hear you so let me introduce myself I'm Abby a researcher of Koyang's
research team and it's very my pleasure to join today's Twitter space with our
feel like Ivy, hey Konyo can you hear Ivy? Yeah I can hear Ivy. I can hear Ivy but I
think her speaker is not working and yes apologies to everybody just x right now is
not is being stress-tested right now. Hello, can you hear me? I can hear you loud and clear.
Yeah, so you're here. Hello. Yes Ivy, I can hear you.
Can you hear me? Yeah, we can hear you Ivy.
Well, it seems like I feel some knock hearing last year. What about you Joe?
And no Joe is not online.
Maybe you can DM Ivy. Oh there you go. Joe is back.
Joe, can you hear us? I don't know why like the Twitter space today is so weird like everyone
just like jumping and now you know sometimes the voice is yeah but you know things happens but
like let's just continue and where are we now like I think Ivy just like introduced herself
and I guess let's just moving on to the next topic things I think
what's I can hear some background noise
perfect yeah it was me sorry man I'm down at this yeah so yeah you guys can go out. Oh good let's go Joe.
Okay, can you hear Joe speaking audio?
No, I cannot hear you. Hello. There you go Joe, you're back. Yep, you have one back you know I was
like trying to speak in love I can no one like I heard no one come back to me so I saw my network
probably hello yes I can hear you now Joe go right ahead okay yeah let's just moving on to the next
question so Claudio I think let's asking you something about the thing that you might be
very interested how do you think about the migration of some top protocols such as Render
and Helium to Solana especially like a deep in projects which is a concentrate in Solana
ecosystem please share insights please yeah I think a lot a lot of the uh the deep in projects
and that are coming into the Solana ecosystem are fueled by the the good integration that Solana
has with uh wormhole and so I think that it's something that some of these projects are
leveraging in order for them to come to to the Solana ecosystem right so for those not aware of
what wormhole is so wormhole is a bridge it's a bridge uh that is very much um supported by um
um by the Solana Foundation and also uh Jump uh Jump Crypto as well and so and a bunch of other
other organizations but those are the two largest ones and basically allowing Solana to connect to
any other L1 on the blockchain ecosystem uh seamlessly um and so definitely I think that
um and that has been something in the making for the last 18 months as well right and I think this
is something that folks need to understand that right now the search that we're seeing in interest
and an inflow of uh assets into the ecosystem and projects it's something that is not happening
overnight it's something that has been that has been been that has been working or or being uh
planned for the last 12 to 18 months it's not something that happens overnight understand that
most of these projects have had their contracts audited before coming into the Solana ecosystem
right and it's something and and of course this is not um you can try to be as secure as possible
but there's always going to be unknown unknowns on the security side right just understand that
but it's just something that has been been that has been been planning for the last
12 to 18 months so and I think bringing those projects in seeing the influx of interest in the
Solana ecosystem it is what gonna kick starting this market dynamic that we're seeing right now
for alternative L1s so um so yeah I think it's uh really exciting it's why also Metapool is on
the Solana ecosystem as well we see this influx of interest from emerging markets from southeast
Asia from Latin America for example we have a couple of our ambassadors here you see them
you see them with the green lime dots on their avatars such as max one rose from Argentina
and so definitely it's something that we're really excited to be participating in
and for us is how do we unlock the potential for digital assets to become the alternative
to fiat currency in emerging markets and I think Solana is poised to do a very good job at this
point. Amazing thank you so much Claudio for your insight and I think uh you guys I know Metapool
did a very good job in in the whole Latin America region and also uh and hello from Metapool from
Argentina and very welcome to join our our Twitter space as well uh yeah so in terms of the
the high performance layer one blockchain so in the past two years and uh like we saw like a
sweet and up toast say and extra so will Solana lose its leading position in the next bull market
I think Claudio you might be like a very you know expert into this question yeah no and very
important right so so why why is it appealing why Solana appealing why Sui Apto say right and
near and this other other ones uh ICP as well right because of their low gas costs right
so everybody here needs to understand that in order for a network to be maintained right
gas fees needs to be paid that's like it's like it's paying for the party right
and so and I think having this fast transactions uh low gas fees right
allows Solana to be very very competitive right they are doing a much better job of holding the
network for the network to be stable yes there's been some issues but just understand that the
amount of transactions going through the Solana network has searched uh 5x the last couple of
months right and so yeah I think it's important to understand two things right Aptos for example
is also uh replicating the initiative from Solana right they they're launching their own phone
and and I think they're catering to emerging markets so I think that's a great initiative
um the problem that I see is and with Aptos and Sui is some of the challenges is they're
focusing a lot on gaming which is great right play to earn I think Axiomfinity was a great example
but at the end of the day we need to understand that those initiatives of play to earn are not
sustainable right um I I believe it's it's a great initiative because it forms uh with Axiomfinity you
form guilds and whatnot but I think the most important part is can we build sustainable
ecosystems and sustainable growth dynamics in a blockchain and I think right now it is still a
question that is pending to be answered on the Sui Aptos say uh uh near side and ICP side where on
the Solana side I think uh it's it's something that still has not been answered but I think
a lot of the of the important building blocks are being set like a a thriving DeFi ecosystem
a thriving NFT ecosystem gaming is up and it's there's some up and coming projects and so
definitely it's going to be uh it's going to be an interest in 2024 Joe no doubt about that
so there I dropped well I can hear you cardio it's okay yeah and um yeah and nice insight yeah
um I'm not sure if Joe is trying to figure out the speaking one yeah but it's so off you know
maybe maybe maybe because of search and a lot of people hosting a lot of children's play and
it is what's making it happen but anyway yeah let me ask you the second question so like uh
right now how do you think about the migration of some of the top protocols such as render and
helium to Solana especially like the project uh the new category the pin that concentrated in
the Solana ecosystem yes thank you very much um yeah so so Joe asked asked this question uh
back as well but let's dive into what the pin is right and so I think one of the the important
factors here is how do we start to explore infrastructure right how can we decentralize
infrastructure um and this is a very important question right because this is not talking about
the validator nodes running on the Solana network it is about running cloud storage cloud sorry and
storage solutions on top of blockchain technology right um and there's some interesting projects
there right uh how can you decentralize uh infrastructure and so um for me um where I have
more of an expertise or some experience I'm not an expert of course um it is on on the uh SaaS
software as a service side right right now most of all applications mobile apps that we use either
on our phone or on our laptop or on any other computer are running either on google cloud
amazon web services uh or uh asher microsoft asher right or some sort of private cloud computing
so I take those those poses a decentralization risk right um and and who from the audience is
not using either um microsoft outlook or gmail right now right a few of us yes crypto natives
are using proton right um and some other more secure and private uh uh email communication
but most of folks out there are using any one of these three right it's either amazon services
google services or microsoft services and so I think the dp narrative is a very interesting one
and can these projects really understand how to scale and more importantly bring in
institutional or or large organizations to leverage that technology and I think as I said
before when we started is that this this exploration of of this technology has been
occurring for the last 12 to 18 months thank you very much for the question
yeah and like you know like in the past two years a lot of high performance layer one
blockchain have been launched such as uh sweet oppose uh say etc like with the long
kind of loose is leading position because I uh two years ago back two years ago a lot of people
are going to compare with ethereum and it's going to take over ethereum some events that
and like um yeah this time will selana loose is leading position in the upcoming full market
what's your opinion on that yeah ivy can you hear us now are you there yep um perfect
yeah there you go welcome welcome ivy yes I I hear this question
perfect you want to chip in uh okay so I think this is a good question and I think um from a
user's perspective perspective um these public chains are highly homogeneous on the offering
similar features like fast speech and the low fees so I think the main differences lies in
developer friendliness despite the setback of caused by ftx collapse most of sonata's existence
has been solely affected losing one of its biggest biggest supporters however according to
sonata's latest data there are still at least three hundred three thousand developers
has continued to work on sonata over the past years because so as low cost and high speed
transactions provide a better user experiences than today's major evm chains as soon as to take
for a boring consumer continue to evolve more more developers will build upon this foundation
additionally the initial launch of most the public chains realize on economic intensive and
part of the reason uh developers stay in ecosystem is for funding and grants so the developers
dedicated to sonata ecosystem can find ways to sustain themselves through platform like
so our foundation community hexons and super team this this can significantly reduce the
financial pressure on startup teams so we believe that as well as ability to bounce bank in such
adversity damn straight is mature development environment um if so can continue this momentum
and contribute more innovative and unique projects it still have a place in the blue market
that's all for this question thank you
what about you claudia what's your take on it yeah i think a very important part here right is
um who i think here at the end of the day user's perspective is and and is very important right
what this salona brings to to the table right and as i said before right um they're bringing
low gas fees high transactions throughput right and more importantly a very strong
user focused community right and i think here uh like the super teams uh initiative has been
very well thought of and executed for the last three years right um i seen like for example
super team mexico super team brazil um and and i can i can i can uh super team uk as well right
really young ambitious and and very friendly community right it goes to say that not without
its trauma right like any community of human beings right there's always uh different opinions
and and and very vocal community members but at the end of the day i believe that there's very
open arms uh ethos in the in that ecosystem and that has brought in a few folks that are keen to
to participate more importantly to collaborate and the second third thing most important is
helping new users be onboarded into the ecosystem and i think here salona has done a very good job
i've seen some of the ecosystems from from suey from aptos right uh from say uh from from near
from icp as well and so definitely uh community wise i think salona ecosystem is is one of the top
five so so definitely that that helps in doing a very important activity which is carrying
the narrative to everyone in the not only in the community but also outside the community
and i think that plays a very important aspect on user adoption and for folks to understand and to
educate folks as well right and i think that i think the salonica system has done a very good job there
yes thank you thank you claudio for your sharing so speaking of the salona uh like you mentioned
about salona still can maintain like top five position so speaking of this what do you think of
the salona token like i think this is going to be very interesting for for the users as well so
so why is it important for people to holding the salona token like for staking and what is the role
for the liquid staking token in this activities please yeah i think this is a very important one
right if you and this goes not only for salona right if you are participating in a proof of
stake blockchain right salona near so avalanche whatever i i i cp um and and apto sui right
they're proof of stake networks if you are bullish on that on that on that technology you need to be
staked because when you stake you're contributing to a very important part of any blockchain which
is its security the security relies on validator nodes and in order for validator nodes to keep
validating transactions and producing more blocks they need to have stake right that's how they pay
for the party right now the problem with staking directing to a validator node is that you are
exposed to the risk of that validator node not producing blocks not performing it doesn't have
any uptime and then you miss on the staking rewards right because actually the blockchain
is paying you to secure it to secure it by the activity of staking with a liquid staking token
in our case msole what you're doing is that you are delegating your soul in a non-custodial manner
to metaphor that means that you always have control of your assets right your private key
you have to sign it in order for us to move it one place to another and so when you delegate it
you are basically distributing it to as much as i think more than than than 200 or 300 validator
nodes on the on the solana set right of of nodes and those and this allows for solana to be more
decentralized and more importantly to be more secure and by that solana is also minting a
liquid staking token which is msole that is accruing all the soul rewards during every epoch
so this is a very important aspect that everyone that participates in solana should do
not just hold the assets and and very important right if you go to if you go to coinx you don't
really have to go and stake you can just buy msole right and and and that's the liquid staking token
that is soul being staked in accruing the value of the staking rewards
right thank you thank you claudio yeah it's very interesting and one thing my me personally very
like curious before like i just jumped out earlier i i heard you uh answering question
about the the game fight you mentioned about game fight things and you said about x infinity and the
other game playing project and you said it's not too sustainable things and more about it
yeah so um so just to recapping the question uh because you you cut down there a little bit
yeah sustainability for game fight applications is something that um
that allows the game to incentivize its usage and more importantly
provide value to their to its users right outside of the game dynamic right because
if you have are participating in a game let's be honest here right the value is that you're being
entertained right games are not a way to earn a living outside of those that are playing
competitive games right for e-sports which is a whole other thing right and i think
it's a whole other area that we that blockchain technology should explore right
that how do we engage e-sports but e-sports is one thing and the other thing is game fight
right now very important aspect here is that how do you tie that in to defi right and i think we're
at a very early stage of allowing people to earn a living while playing a game in a sustainable
manner because most of these game fight applications are inflationary process systems right
what does it mean inflationary it means that you're always minting new tokens and sometimes
there's not a cap to it and so this is a race to the bottom that's my opinion okay
yeah uh yeah i'm getting with this person as well yeah i'm i'm i'm a queen of quality as well
stuff i know when a lot of people talk about game fight they treat it as an investment
for life fundamentally they forgot the game you have to keep the gaming experience you know like
um imagine like pakji if they're doing pakji or even ll they're doing the
game by total it is not happening a lot because the game is already having a lot of players and
they already have fun so yeah it's also a way for us to think about the sustainability as well
a lot of you when they do about games we talk about how to earn money but the truth is people
they they pay they pay to play not not play to earn and that is a very heavy like concept you have
to earn or earn money when you come to game fight yeah yeah sorry for myself thank you
yes thank you claudio and thank you johnny for for sharing the the insights which i think
what might be very helpful and speaking of the game fight so solona like launched a lot of a
product not only game fight like step in last year is very popular as well so what do you think
claudio in the next bull market maybe like it's coming up we saw the the bitcoin is rising up
recently so what do you think of in the next bull market which track do you think gonna be
the leading product like and what we gonna be excited about the the developments on the horizon
for solona that user might be keep an eye on that so can you give me us some uh like advice on your
side yeah and then this is something and and um just to give a little bit of background to
everybody here right now i'm i'm at east denver and there's been and and i think solana the
solana ecosystem did this very well uh last year was um or sorry it was this year during the the
jupiter launch right and i think they're brought something very important to the table right
is in order for us to build sustainable blockchain ecosystems we need to understand that we need to
bring that we need to bring as much value to the end user as possible this is something that we
have been doing in metapole for the last nine months and i think this is something that
everybody here should understand and start to look into which is how can a platform allow us
to also build digital value right through one of the most important aspects that
a platform can bring which is the protocol fees right i'm gonna go a little bit on a deep dive
into this right what we do here at metapole is that we allow folks access to our protocol fees
right now it is only on the near protocol side but we're distributing more than fifth more than
than fifty thousand fifty thousand dollars right twenty five thousand dollars sorry for
participants in our governance right and this is not inflationary yield this is all staking
rewards from the validator nodes right from the delegation that happens through metapole
we're distributing it back to users right and so this is not something this is not tokens we're
minting right i just pinned here the the the the post that we did right so people can understand
uniswap is doing it right now as well right they announced it last friday right they are distributing
swapping fees from the largest decks in blockchain right jupiter also announced that right that's
how that's the initial interest for their launch right and this is very important this is where
solana is really really an interesting technology with its low gas fees fast transactions it allows
people to participate in governance to participate in receiving the protocol fees at a minimum cost
for example we were discussing on with the uniswap labs and the uniswap governance and
its delegates that for example if you want to participate in governance on the uniswap
dao and you have less than a thousand dollars of uni it's not economically viable for you as
an individual organization to participate in its governance a thousand dollars so this is this is
not something this is not sustainable right this is built for the rich right and i think here it
is very important aspect that the solana ecosystem is bringing to the table that it will allow
governance to be done in a sustainable manner and allow anybody to participate in governance
with really really low costs and high throughput and more importantly allow people to have access
to value at protocols such as metapole right now we are it's only available on the near side but
this is something that is going to be a game changer and on in this 2024 and during this
bull market i think people will look into not only real yield but non-inflationary yield
from platforms in the blockchain space
amazing thank you claudio for sharing and guys please uh uh thank you for for the sharing on the
link please check out metapole and i think that's going to be very exciting for us for the upcoming
2024 and especially we can see the bull market ring is uh is the bearing so uh let's uh hyping
for that and ivy i had one question for you about the solona mobile phone i think is quite interesting
topic as well so it has very good sales popularity at the moment how do you think about the positioning
and the prospects of solona mobile phone in the solona ecosystem yes it is indeed an interesting
question uh we can know that actually the formula around solana sega phone is mainly
driven by the high expectation for bank airdrop as the price of bank rises the cost of the phone
drops essentially allowing users to purchase the devices climb the airdrop and end up with a free
encrypted native crypto phone so in some someone is a the phone is like a ift or collectibles and
once user realize there is a potential perfect down the line is a rush to buy them even driving
price up to five thousand i have to say it's a brilliant market tactical that truly reflects the
market's formal towards this solada ecosystem and so now if if we focus on the phone itself
solada sega the phone's key feature lies in its emphasis on on-chain functionality
they say the wild prize powerful encryption for product is ensuring secure transactions and
fingerprint rectification this integration with solada's existence meets the securities
of some crypto users while also leaving room for potential future airdrop opportunities so we can
see many token will airdrop their token to the holder of this solana sega yes i think it's
very good thanks for for the phone's handle yes
yeah and speaking of the solana ecosystem about the solana recovery so what do you think
is there any risks that users might be aware of
yeah please yeah yes of course uh risk is uh internal topic investors should always approach
the market with a healthy dose of caution and award putting all the eggs in one basket
yeah um when looking for projects to invest in a it's very crucial to dig into the project
background questions like whether the team is anonymous if they have purely successful
project experiences and if they are endorsement from reputable investment firms these are all
significant and furthermore smart contract vulnerability and hacker attacks are also very
common so the investors should be very careful about uh control their risk exposure
okay thank you ivy claudio you have any idea on this about the risk that like people might
need to aware of from the salona comeback yeah i think as i said before right nothing that we said
uh in this basis should be considered financial advice please do your own research
and i think a very important part here is that crypto is risky because at the end of the day
this is this is new technology right that we're exploring here the most important part here is
that it it brings a lot of value right now in a very transparent manner but it also very important
folks if you interact with any application and if they ask for your private keys understand that
that says that that's not a way to roll right non custodial should be the way to way to to
interact with applications yes there's a a much um there's not a hundred percent secure systems
out there on on on on the internet please be aware of that but for example if if you get access to
salona tokens to msole tokens to coinix well just understand that you're going through a system that
has been tested secured right and and and is constantly looking for in favor of the user's
assets right um although it's important to understand that a non-custodial access to
your tokens is the way to go that means you have controls of your keys but more importantly here
is that that poses the falling risk right if you lose your keys you lose your tokens right and so
it's it's it's something that it's an in-between right you want to have access 24 7 and in
password reset go to something like coinix right like where you can always go back to your tokens
and and and they're there right you don't have if you lose or you forget your password there's a way
to reset your user uh but if you lose your keys you lose your tokens right and and this has
happened to many of us right no exceptions right i've lost uh uh yeah back in 2018 i i i on my ether
wallet i think i i i have i lost access to like 20 or 20 or 30 ethereum right uh that was back
when it was like 120 dollars or 200 dollars um now of course i'm i'm banging my head to the wall
but i lost access to my ether right and no no no it's fine it's fine i'm i'm i'm laughing but i'm
crying at the same time right and so this is you know everyone knows that's investment you're not
the only one you know yeah you're not alone man the problem is that at that time is why it was
my ether wallet right you have to write down the full-on hash right and and and i wrote it badly
like so so i transfer it and then i said yes this is this is it right and then i put it in
and it's not it's this i don't have access i i locked myself out right it's not only losing
so anyhow it's embarrassing but yeah i'm laughing it right now but uh uh but uh crying last year
yeah you know everyone just did so like can you buy your experiences and also you know
uh things happens that's investment you get if you win and lose at the same time you know
that's how you're doing really like claudio mentioned like do your research like uh
no one can just like indicate in the future so yeah i think yeah that's pretty much all for
today's show and thank you so much guys for joining today and sorry again for for the earlier
we get like a connection problem i guess like probably there's too much twitter spacing coming
up in the same time so everyone just like getting the same network so that's why we get a bit like
stuck at the beginning but luckily we have claudio here like sharing a lot of very useful insights
and a lot of experiences for us as well and uh to sharing about the the insight of uh solona
ecosystem and uh his uh thoughts for the future as well and thank you guys for joining and if you
guys have any other question please do follow our you know social media channel and comments below
our people will just answer your question for you guys thank you guys for joining and thank
you claudio uh for your for your journey for this show and thank you ivy and johnny yeah thank you
thank you joe and thank you claudio yeah you definitely you guys know the show and i appreciate
that we'll definitely talk soon claudio nice and you cheers guys and hey don't forget to follow
medical and claudio as well guys have a good day have a good one everybody cheers from denver
and uh yeah just be be careful out there guys uh again please do not click any of the links
uh for suspicious folks yes yes so no we do not ask for your keys we do not ask for your password
or anything else so just be be careful out there guys and gals and more importantly have fun and
be safe cheers yeah be safe i found like 20th time for everyone just gonna like diving into the
show here okay thank you guys for joining cheers to the moon bye bye thank you okay bye bye