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SuiEcosystem Twitter Space with MovEX & MoveBit and SuiWordHQ
Recorded: Dec. 18, 2022 Duration: 0:52:51Space Recording
Full Transcription
Thank you. Thank you. . Thank you. . Thank you. . Thank you. . Thank you. . Thank you. hello host can you hear me Could you please send me as a co-host, so I can add more speakers. Thank you. Hello everyone! Finally, thanks for joining us today. First of all, let me introduce myself. My name is Alex and I'm one of the team members of CU ecosystem,
mostly responsible for collabs and content writing.
We are super excited to launch this series of Twitter spaces with movex movebeat and SWEWORD has joined us for this
first conversation i don't want to wait i don't want to waste a lot of your time so i pass the
word to linda from SWEWORD who agreed to co-host this space and probably the following one.
So, Linda, hi, how are you?
And could you please tell us about your team, your visions, plans,
and what you're actually building on SWE?
Hi, hello, Mike. Thank you very much.
It's a very honor to co-host today's space. I'm Linda, the co-founder of
SWE World and today we have the SWE ecosystem, MovX, Movbit and so many other friends.
Well, firstly, let me introduce our project, Swing World.
And then later, I will give the microphone to everyone.
Let all of you introduce your projects very briefly.
Then we will have little questions to have a Q&A session.
So now let me start firstly.
Well, WeSwe World is the first SWE Asia-Pacific community.
Well, it has been supporting SWE ecosystem by hosting events, developer education,
bilingual contents, and eco-projects incubation.
Well, SWE World is the first medium community in Asia since its establishment. It has published
more than 50 original SWE articles.
It has 5,000 community users.
So now SWEWOOD has grown rapidly
into the current Mandarin language community.
We provide the latest official information
and ecosystem acceleration platform.
Well, not only we pay attention to the technology updates of SWE,
but also provide assistance for the development of high-quality ecosystem projects. What's more,
SWE World also offers all-around support for the projects in terms of the community activities,
medium information,
and projects development.
Well, recently,
SWE World launched a very nice event called Project Roadshow.
We called it SWE Project Show as our brand activity,
which received strong support from the SWE Network and Mr. Labs official, as well as so many VC, the capital,
and so many good ecosystem projects.
Yesterday was our first session.
Well, we invited the MOVE-EX,
CominChat, MED, Medal, and Sweephead
to do this very, very good roadshow.
Also,
so many capitals like Jump,
Web3.com Ventures,
A&T,
Bixin,
and OKX.
They were the VC guests to ask questions about the good projects.
Well, this activity was marvelous and a big success to be honest.
It's out of our expectation.
Because the number of the audience and listeners
exceeded more than 2,000
within one hour.
So during this event, there were continuous applications
and the projects from the SWE ecosystem projects
they want to attend and join in.
So more importantly,
SWE's CPO and other colleagues,
they also joined this SWE project show.
Not only listened to the whole process,
but also gave a lot of positive feedback and the high evaluation.
Then after it, the CPO of SWE,
he arranged the supervisors of other departments of SWE
to content us for follow up more operation later.
So we were very, very lucky and happy to have this but also we know it's
everyone's work especially the SWE ecosystem. Well in the future later in
order to better help the development of three ecological projects,
we will jointly launch the MOVE Ecology Accelerator
with many strong arms like crypto fund, exchanges, projects and incubators well we aim to provide the accelerated support for so many entrepreneur
projects including service like fa technology community and the brand building, so many things, jointly contribute to the development of Move.
So everyone is very welcome to register and participate.
So this is our brief introduction of three worlds.
Now let's turn to other colleagues, other good projects.
It's ready for Movebeat. Hello OXE, it's Luis. Could you please introduce your brilliant projects?
you please introduce your brilliant projects? Sure. Can you hear me Linda? Yes. Yes. Cool.
Cool. Thank you Linda and thank you 3Ecosystem for this opportunity. So my name is Yi, the co-founder
of Moobits. So Moobits is a global leading security company in the Moo ecosystem.
So MooBits team has over 10 years of security experience,
and we also published the very first smart contracts,
the Moo smart contract auditing reports on the MOO ecosystem. So we also published the very first
three MOO smart contract auditing reports on
the MOO network. So I'd like to introduce more
about MOOBIT from three perspectives.
Firstly, MOOBIT team are experts
of MOO language. So our team members have Firstly, Moobit team are experts of Moolanguage.
So our team members have contributed to Moolanguage more than one year ago.
So we submit several PRs to the Moolanguage GitHub repo.
So basically, in summary, we are experts of Moo language. And actually, MooBits, right now, we only focus on the auditing for the Moo language or Moo projects on the Moo ecosystem.
So that's for the first perspective.
So secondly, MooBits is a formal verification expert in Moo security.
is a formal verification expert in Moo security.
So we all know Moo language has a very good tool,
Moo Prover, and we are actually the experts of Moo Prover.
So right now we are also developing features for Moo Prover.
That feature is related to the gas bond estimation. So we are
working on this MooProver team. And also
MooBiz is also the most experienced
adopter of MooProver. We have completed
formalization for StarCoin framework.
And also we are doing formalization for Aptos framework.
So basically those frameworks are the most important
MOO libraries for all those DApps.
And hopefully, we hope we can work together with Mr. Labs
to do some formalization for the three framework.
If we got the chance, we are really happy to working together with Mr. Labs
on the three framework for modification.
So that's for the formal verification part.
So that's for the formal verification part.
So basically, formal verification,
we can think it's a mathematical way
to provide a safety security guarantee
for your small smart contract.
So it's trying to prove certain property
of your smart contract.
It can provide a very good security guarantee for
more smart contracts.
So we think formal verification in MOU is very important.
And MOUBIT is formal verification
experts in MOU security.
So at last,
MOUBIT team is also the contributor to the Moob ecosystem.
We have been working very closely with Mr. Labs and also Aptos team.
So we have audited the Moob VM.
So basically, the virtual machine machine for Moo is very similar to
EVM in Solidity.
So we have audited
MooVM together with Aptos
and 3.
We audited
a lot of DAX
NFT projects on Moo ecosystem.
And also
we are very honored to
want a grant from 3 Foundation. And we want to work very honored to run a grant from the Sway Foundation.
And we want to work very closely with Mr. Labs.
And we are also a big fan of the Sway Network.
So hopefully we can have more collaborations with Mr. Labs.
We are also a big fan of Mr. Labs.
Also, MoveMeeting hosted the very first Move CTF. So basically,
that's the capture the flag, like security event that's sponsored by Mr. Labs. So that's a
flagship Move security competition to attract more security professions and developers interested in the Mood language.
So the first Mood City Health has attracted over 100 Mood developers.
And definitely it helped to grow and thrive the whole move ecosystem. So that's the intro of Moobits.
And feel free to like send out some questions
or send me some personal message in Twitter
if you got any questions.
Thank you, Linda.
Okay, thank you, Yi.
Moobits is very brilliant and a marvelous project. Very nice.
Okay, so later, let's welcome MoveEx. Are you ready?
Cool. Thanks Linda. Thanks Mike for having me in this Twitter space.
My name is Michael. I'm the founder of MoveX.
We are actually the first DAX built on the 3 Chain and by far we are also the
DeFi protocol with the largest community on both Twitter and Discord and really appreciate
everyone on the ecosystem for your strong support. I can give a little bit of context on what we have been building at MoveX.
At MoveX, what we are building is a concentrated liquidity AMM
plus central limited order book kind of like hybrid liquidity DAX.
The reason why we are building a hybrid liquidity DAX
was because AMM is pretty user-friendly to retails and also friendly to product builders who are trying
to launch their tokens on switching. But AMM is not
necessarily friendly to professional users or
institutions. Central Limit Orderbook on the contrary is
pretty friendly to professional users and also institutions,
but not necessarily friendly to retails or
product builders who are trying to launch tokens.
That's why we are building a hybrid liquidity, combining the best of AMM and Central Limit
Orderbook to provide the best user experience to all spectrum of end users.
to all spectrum of end users.
So beyond our core hybrid liquidity pool,
we're also building some surrounding services,
specifically targeting for product builders on the three chains,
including our initial liquidity offering service,
which is aiming to help product builders
do fundraising through token sale
and also help them to bootstrap the liquidities
for their tokens before they do IDO.
Another one is an intelligent liquidity management
like surveys also specifically targeting
for product builders.
For a lot of the product builders,
they don't necessarily have the operational resources
or don't necessarily have the quantitative knowledge
in order to efficiently provide liquidity for their own product tokens
when they are launching their tokens on the DEX.
So that's why we provide these intelligent liquidity management services,
essentially helping these product builders
to manage their liquidities,
to improve their capital efficiencies,
to boost their market-making returns,
and also to help them stabilize their token price.
So if there's any builder on the sweet chain
that are interested in launching their tokens or are interested in optimizing their capital efficiency when you you to help you successfully launch your tokens
and successfully help you manage your liquidity on the sweetchain.
And also, we would like to take this opportunity to really thank our community
from MoveX and also from the sweetchain,
essentially starting from day one of our launch,
on the social media and also on the DevNet,
we have gained continuous strong support from our community
and also from the entire suite community as well.
Right now, we are the largest if a community on suite day,
and we really couldn't achieve like this without your strong support.
Recently, actually, we also have announced our OG roadmap
to thank our passionate contributors.
If you guys are interested in participating,
it's still not too late and more details can be found in our Twitter.
So please feel free to follow our twitter
we'll be releasing more information on that program as well uh yeah thanks a lot for for having us
okay great very brilliant uh thank you thank you mike so as we know move Movebeat and MoveEX are very unique projects.
So what makes your projects very different?
And could you please share with us the strengths of your product?
Well, firstly, let us listen to Movebeat, okay?
Hi, Yi. Sure. So for the strengths, I think I covered in the
introduction, but I'd like to add more details. So I think one thing that's different with
traditional auditing service, especially for example in the Solidity auditing or Rust auditing.
So Mooprover definitely is, I think is a game changer.
So when we do the traditional auditing service, basically we want to hire some experienced auditors
and try to find some bugs in the smart contracts.
So it definitely is an imperialism way.
So we're trying to find some existing bugs in the smart contracts.
But Mooprover, I think it's definitely a game changer
since it's trying to do this in a purely mathematical way or
in a formal methods. So basically if for example if we have a certain smart contract program for
example if the smart contract trying to issue some tokens and the total amount let's say is one million. So traditionally
audience service will try to find some bug that will say issue more tokens than you expected.
And if those smart contracts complicated enough you're probably not able to identify certain
case enough, you're probably not able to identify certain issues or bugs.
They still can have some problem.
But if you're trying to do it in more plural or maybe say formal education,
if you can prove that the total amount of your smart contracts,
That's the total amount of your smart contracts,
the token in this smart contract.
If you can prove it, it never exceeds 1 million,
then you will never worry about
that's where some kind of exceeds the limit of your token.
So I think Moob Pro will be a game changer
in the Moop auditing
service. And right
now, Moobits, we are very
contribute
a lot in
adopting the Mooprover
and also we are developing
some features together
with Mooprover team
and members from
Mason Labs and also Aptos.
So I think that will be one of the very different stuff
we are compared with other auditing companies.
And the second one, actually I mentioned previously,
we are very focused on the Moo ecosystem,
and also we are a big fan of Mr. Labs.
I think definitely the 3 Moo have ecosystem to build a secure and also more efficient 3D apps.
Yeah, that's my two cents. Thank you.
Wonderful. It's very clear. And now I know why Movebit is very outstanding and can stand out from other safety audit projects.
It's very nice. I really admire you.
So later, Michael, what's your opinion?
Yeah, so that's a good question.
So essentially, from MoveX perspective, there are a few things that differentiate MoveX
from the other DAXs that are being built on the or in the process of building on the
switch chain.
So first, like, you know, and also the most important one is like, you know, capital
Also, the most important one is capital efficiency.
efficiency.
If you think about what makes a DAX successful on a particular chain,
you need to make sure that DAX has extremely high capital efficiency.
So essentially, with a certain amount of liquidity placed onto that DAX,
it can really create the best liquidity and the best depth on the open market.
So that's one of the differentiators.
We can guarantee that our capital efficiency is much higher than our competitors.
The reason being that most of the other existing DAX on the switch chain are using a constant product AMM,
which is similar to Uniswap v2.
What we have been building
and what we have already deployed to our testnet
is a concentrated liquidity AMM,
which is kind of similar to Uniswap v3.
And the major difference between those two
is that in a traditional constant product AMM,
essentially your liquidity is distributed
across the entire price range of a particular token,
starting from zero to positive infinity,
which you can imagine is not really the most capital-efficient way
to utilize your liquidity.
Compared to what we have been building,
we have the very first and actually the only concentrated liquidity
AMM on the sweet chain,
and also across the entire move ecosystem as well.
So essentially on our DAX users, if they want to provide liquidity,
they can have a customized price range,
actually any price range they select and
distribute their liquidity only across that price range which you can imagine kind of like significantly
boost your capital efficiency by quite a lot for example if you are concentrating concentrating
your liquidity around the current price or like the spot price of the of a particular token pair
current price or the spot price of a particular token pair,
and you select the correct price range,
you can even get perhaps 1,000 or 10,000 times
more capital efficient than using a regular
constant product EMM,
what our competitors have been building.
So that's one thing.
Another thing is that other than our concentrated
liquidity EMM, we also have a central limit order book. And the central limit order book
is extremely friendly to professional users and institutional users, which further onboard
a broader spectrum of potential liquidity providers to our DAX and to the entire SWE chain.
potential liquidity providers to our DAX and to the entire switching.
So that's number one.
From a liquidity perspective and from capital efficiency perspective,
we really cannot be far more superior than our competitors.
The second advantage of MoveX is that we are also offering a lot of
surrounding services
specifically targeting for product builders.
Like I mentioned, one of our critical surveys,
the Intelligent Liquidity Management Service,
which is also in the process of building.
And we are going to release that probably sometime next year.
This is also exclusive to Movex,
helping these product builders to efficiently manage their
liquidities to improve their capital efficiencies
and to help them stabilize their token price.
It's also exclusive to Movex.
That's another competitive advantage of MoveX compared to other DAXs.
So if you guys have any questions in terms of those services,
please feel free to raise them.
And if you are interested in trying it out,
or if you have any feedbacks or questions,
also please feel free to raise that, either from this Twitter space directly
or from our Discord channel as well.
Okay, great.
Thank you very much, Michael.
Well, MoveX gave us a lot of examples
to let us know more about it,
especially the unique advantages So it gave us a lot of examples to let us know more about it,
especially the unique advantages that make MoveEX
distinguish it from other than traditional decks.
So very, very nice.
Well, later, as we know, the SWE,
it will launch maybe in the next year, in the Q1.
So what's your next step or further plan you would like to do?
Maybe after the minute or before it, do you have some steps to do or to share with all of us?
So firstly, let's still welcome Yi to tell us.
Sure.
Thank you, Linda.
So I think for audit security company,
so we definitely will continue auditing before and also after the main net launch.
I think some projects, they can be audited even before the main net launch.
So that's why we already published our audit reports in the Thrain network.
So besides that, I think after the mainnet release,
we will also try to build more security API for the Thrain network.
So basically, probably some security API for some security approval.
So basically, if we want to detect some malicious transaction
or malicious smart contracts,
so we are working on this to build in this kind of security API
after mainnet launch.
So that's our plan.
Yeah.
OK, great.
We are looking for it later.
Let's listen to MoveEx.
Michael, what's your plan?
Yeah, from our side,
currently we have already deployed our concentrated liquidity EMM part.
We are in the process of building
and integrating our central limit order book
and the hybrid liquidity pool.
That's one of the most important things
from our side.
And also, depending on the timeline of the mainnet launch,
we could potentially launch our Intelligent Liquidity Management
Service after the mainnet launch.
So because the Intelligent Liquidity Management Service is more
targeting for product builders, and we envision that as the mainnet launch,
after the mainnet launch,
there will be maybe more and more projects
and more and more builders
coming into the ecosystem
and utilizing our liquidity management surveys.
Okay, great. Do you have any opinions on SWE ecosystem based on yourself or your projects?
Hello Li, do you have any opinions? So for Moobit team, we are definitely a big fan of three networks, and we could see that
MIS and LABS respond very quickly and very responsive in the developer community.
So I think it's a very huge benefit to those three developers.
And also we see a lot of innovations in the 3 network.
And 3 network is definitely also a high performance blockchain.
So it enables a lot of developers to do a lot of good projects in GameFi or NFT.
So it's definitely a big fan of the Sway Network and also Sway Ecosystem.
I think the timing for the Sway Ecosystem is also very good.
So probably they plan to launch next quarter.
I think it's also a good timing for the Sui ecosystem.
And we also see the Sui ecosystem is quite diversified
and a lot of builders working on this globally in Europe,
in United States, in also Western China,
a lot of global builders working on this good ecosystem.
And also right now, it's still in the beer market,
but there are so many builders working on this.
So I think a very good sign for this ecosystem.
So definitely we are a big fan of the three ecosystem.
Yeah, that's my opinion. Thanks. Oh, great. I really agree with you. And the three ecosystem
did really great. So later, how about you MoveX? Michael, do you have any opinions?
So from my perspective, one thing I love in particular about this ecosystem is that
the team itself and also the builders on the 3Ecosystem indeed are really creating long-term battles.
So I know there exists, on the market,
there are some projects that are maybe more focused on short-term hives,
but I don't really see much of such team coming into the SUI ecosystem.
I think the SUI ecosystem is very much dedicated to creating long-term values,
which is actually why we, like the MoveX team,
decide to come to build on the SWE chain as well.
So I think from our perspective,
we would love to continue seeing this kind of vibe existing
and growing within the SWE ecosystem,
really trying to create long-term values
and specifically creating long-term values
for the next billions of users,
which at the current moment might not be exposed to blockchain.
And hopefully in the next market cycle,
these billions of users could be onboarded
or being exposed to blockchain through the switching.
And we, as the MoveX team,
we really are convinced that
the technology and also the funding team
and the entire ecosystem
indeed have the capability
of achieving that ambitious goal.
Okay, wonderful.
Well, we know the SWE ecosystem is growing rapidly and very nice.
But as we know now, we are in the bear market.
And it's very difficult actually.
So although we love SWE and we know SWE ecosystem is become better and better,
but still have a lot of difficult to face. So do you have any difficult experience or some expectation to share, especially as the suite builder?
During your building, what's the most difficult part for you to build for the suite ecosystem or to build your projects.
So Yi, do you have something to share with us?
Sure, sure.
So we are a security audit company.
So we audit a lot of projects on new ecosystem.
on the moon ecosystem.
I think I shouldn't say it's a difficulty,
but it should be some kind of different,
like, because in different stages,
you probably have different problems or issues.
So right now, 3Network is building in progress.
So the test nets or maybe the dev nets
is also changed constantly.
I should say it's actually a good thing
because it can provide more functionality to developers.
It may make some difficulty for some developers
because if the APIs change constantly,
the apps also probably need to change constantly.
And also we may also need to,
if they change their source code,
we probably need to audit that part as well.
So that shouldn't be a difficulty.
I should say it's very normal.
It's when you are still on the building and didn't release the mainnet. So it's a little bit like a kind of like DAG blockchain, so D-A-G blockchain.
So it may be different with some other blockchains.
So, for example, it may didn't support the on-chain timestamp very well,
and also some other stuff.
So because this kind of DAG kind of data structure,
or I should say,
it will bring some good experience to developers
because it probably will have a better performance in TPS,
I mean, transaction per second or something like this.
But it also may have some other kind of development experience.
So when developers are building on, say, blockchain,
probably they need to notice this kind of change or maybe some
support will be different. So that's the second thing I want to share. So that's the two points
I want to share with our listeners. Yeah, that's all from my part, Linda.
our listeners.
Yeah, that's all from my part, Linda.
Nice.
But I know although they are difficult,
but I know Movebit will overcome it and make it well.
So I totally believe in you and your projects.
So next, Movex, Michael, do you have something?
Yeah, so I definitely agree what he has mentioned.
So essentially the Move language, like at the current moment,
the API has been changing pretty frequently,
like pretty much every week or every two weeks,
which I think is a good thing that we know that team has been constantly building
and making progress, although from another perspective,
sometimes it indeed incurred some additional effort for builders
because in order to make sure that our DAP
can work on the current DAPnet,
we need to constantly adapt to the new APIs.
And another thing from our perspective is that
there are a few are some functionalities
that I think would be extremely helpful for that builders
that are still under development.
For example, one thing I think would be really great to have
have is the dry run functionality, which is still under development.
is the dry run functionality, which is still under development.
I think it's going to be extremely helpful for a lot of other project builders other than
folks building tags. But I think I'm pretty confident that the entire Minson Labs and the
SUI team will be able to deliver the highest quality products
to the rest of the builders on this ecosystem.
Yeah, that's it from my side.
OK, cool.
Cool.
Thank you, Michael.
That's very honest and good.
Well, in our site, to be honest, to build the SWE community is not very easy.
And we faced a lot of difficulty while building it. So later in the future,
Well, I will share some plan of us.
In order to help the development of the SWE ecosystem projects,
later we will jointly launch the SWE ecosystem accelerator.
Well, although we know in the bear market, there are so many people, they leave the market
and it's very cold. But for the three ecosystem, to be honest, we saw a lot of people coming in it.
So more and more builders or projects, they come in.
So we build our Discord.
So we welcome everyone to join in.
If you come in the Discord or in our community,
we have so many opportunities for each other to cooperate and many white lists or airdrops for the audience, for the people who wants to take part in the good quality projects.
And also, we will offer the good opportunity for recruitment or if you want to follow up the latest news from SWE
or from other good projects. so although it's very difficult but we believe
it's also a good opportunity for all of us to to all to take to overcome it and live good then in the later future,
maybe in the next year or later,
there will be a very bright tomorrow.
So now this is what I want to say.
Mike, do you want to add something?
Yeah, thanks, Linda. It was amazing guys. Thank you so much
Michael Yee for your introduction and your detailed answers. And special thanks
to Linda. You did a great job as host today. I think we don't want to make it
too long for this first space.
So I guess we are done for now.
But we will probably launch, well, we will for sure launch more spaces in the nearest future.
We are thinking about at least one space per week.
So set up your notification, guys.
We'll be staying in touch.
And once again, thanks, for your time today.
And yeah, see you soon, I guess.
Thanks a lot, guys, for hosting this.
Thanks for having us as well.
OK, thank you very much
