Hey everybody, thanks for tuning in. Let's give the room some time to fill up.
Let's go, what's our jig? What's up, doing well.
Usually the music's gone, but not this time. Not this time we're out.
Hope everybody's having a great Wednesday as it were. It's coming up on 11.30 here in Vancouver, Western Pacific time. Yeah, it's a beautiful day out here. I'm not sure what it's like in your end of the world, but
just another crazy day working in crypto. Oh, here we go. Let's bring them all in out.
Like a port of this chat, I love doing infrastructure chats.
Yeah, it's always exciting when something news coming to tell us. Which is like every day, dude. Let's be real. It's always something going on at tell us. Give me a thumbs up if you like what is rolling out of the house these days.
We got that BT team on lock. Grind and grind and actually that's a part of how we we came up as speakers today. My boy Peter is just tapped and slammed with what we got going on in the back
back end and that's the beauty of tell us is we can just tag each other out for this stuff and cover it because we're just so accountable to each other. I mean, I will go too far down that road but yeah, shout out Peter, what a boy. Oh, all right, you're up here. How's it going?
aesthetics. Can you hear us? I hope I'm saying that right?
Hello. Hello. Hey. Yes. Hi. Hi, guys. Pleasure to be here. How are you? How's your is are you evening day afternoon? Where you at?
Yeah, I guess you all guys from the past six weeks time from we are in GMT + 2 to 5 between different team members different time zones, but we are in the evening now. So I hope you will guys find this
I'm going to have a good day.
Just quick round of introductions. Maybe we'll kick it off on our side. I'm the big gooey if anybody doesn't know. I work on the NET side of things alongside Jake here. Ben with Tell us just over a year now working for the foundation and happy to be here kicking over you.
Yeah, hi everybody, I'm Jacob. I work with the big GUI over at the Fellows Foundation in the NFT department. I've been working here for just under a year and I'm really excited to be on this call with you and Aztex. Is that how you say it?
You can say it like this, but we say it aesthetic. - Acetics. - Okay. - We might get it on the first. - Yeah. - But it's okay. - Acetics is also fine. So yeah, what we do is, my name is Bogdan and I'm the CEO of Acetics.
And what we do is we are bridging people from web to community into web free by providing any web free startup with a token or with NFT that is based on
EVM blockchains such as Telos, we provide an opportunity to sell this token to offer the token to a web2 community so that they can join your ecosystem with
the method that they most common for them so far because they're not yet in crypto so the easiest way for them would be Apple Pay, Google Pay, Credit Card, DavidCart and so on. So this is what we do when we are really excited about our recent partnership with Telos.
We are aiming to build the greater and easier way to join the Telos Acoustic System and all the projects that are based on the Telos network.
Well, there's a lot to dig into here and I know like Jake is a real nerd for this stuff too. So maybe before we get into the weeds here, I'm always curious when I speak to people who work in Web 3 and crypto.
What got you started in this whole crazy world like it's not like. It's not an easy thing to step into and obviously you built something really really great here but what's how did you start what's the Genesis story.
Yeah, basically I was developer myself. I was like specifically developing smart contracts for the Ethereum. I was only a contributor to UNISO applicability. I was testing it back in 2018-19.
early maybe to also get this air drop of uni when it went live and so on. So I kind of started this developer then started service company with developing blockchain things for other clients. Now we developed a set X because we saw that the
the reason this kind of a gap that for the web free projects that are based on any EVM, most of them what they do is they put a like how to buy a token of the project because you need the token to use the project
And then what are your options your options are if project is kind of big enough then you can have some Texas available to buy the token, but usually it's just leads you to one decks or offer you few decks is but if you are user that is just downloaded meta mask and you want some
simple kind of way to try what is Web 3 play, maybe some metaverse and stuff. Then you need easier way to get into Web 3 and get some Telos tokens, get some tokens of the project on Telers Network and then go and use it.
But the things like metamask they do offer solutions for Ethereum, but at the same time you can buy their only Ethereum. And I was just going through all of that as a developer and as a user because I was trying to testing many different
DApps and Dify and all the staking, farming and so on and also bridging through multiple networks and Yeah, like we we saw that we can help to close that gap between
like jumping from it's easy to go from credit card to Bitcoin to Ethereum but it's not easy to go from fiat to I am a user of some decentralized app, game 5, MetaRose and so on.
And then we made this aesthetics.
That's awesome. Yeah, I mean, like you mentioned, that's a ton of steps and I'm sure there's a ton of challenges for everyone crypto, but just focusing on accessibility, which is what aesthetic seems to be doing is super important. And I'm all for that. That's really awesome.
Yeah, but also for us like the the goals
While building this project and this platform is not only to give like simple way to access but also at the same time what we do different and that was kind of a challenge for us because we had to find a way for how to connect D5 liquidity
with Fiat liquidity. So basically we have this credit card, securing a system and stuff. And what we did is we connected it with D-File liquidity and now, so we went live on Telus network which made
that not only will provide easier access to the tele-snetwork but every time new user comes in or existing user binds and token that benefits the whole community that is already in the ecosystem because our critical
system connected to defile liquidity and for example currently on tell us we use a swap and let's say someone wants to buy tell us or token of one of the project on the tell us network so when they have
We take fiat from the user then we kind of find the way how the best option, the cheapest option, breach these for that and so on, like an aggregator. So we find the way how we get that fiat from the user to the telastatic.
work and then we just swap some stable coin liquidity into the token that user wanted to buy. So which means every time new user coming to a web free ecosystem from web to, he buying through aesthetics, he buying some of the tokens.
And that benefits people who, for example, liquidity providers, all these decks. And that kind of happens. That kind of makes, like this synergy that we're not only opening new doors for kind of, let's say, new cash flow.
But it's also like we're giving simpler way which also benefits those who already in the ecosystem because they are for example if you if you liquidity provider then you you will already take it part in
bring the new users because your liquidity will be used as liquidity that was used to exchange some fear into Telus network tokens. So we wanted to build it also
with web free experience, with experience with these old apps, tokenized apps, and we actually doing now the whole design. We will still be aesthetics, but we will have just new design. But yeah, to keep web free way of
working with Web3 part of the ecosystem and at the same time we need to be ready to work with Web2 oriented community. So I guess that was the greatest challenge for us. Yeah, I really
that. So what do you think then? Like I'm curious to you, like why have you decided to build this on telos like where there was a technical aspect that really jive with you or the kind of value set that we have here? I'm curious to know what made you choose us as an integration.
So in the long run, our goal is to support most of the major EVM type of the blockchain so we will keep integrating new blockchains and regarding
tell us is we actually we knew that blockchain for quite a while since we've been developing on different chains before and we just see that it's having good traction and it's growing and has
strong community which is the most important for any web free project and I guess there are a lot of different kind of grants for developers and stuff that attracts new people, new entrepreneurs to
come and build a web free project on telos. So basically it's nice network with good power and it's growing and more projects will be there and we see an opportunity that we can also kind of be a part
of that ecosystem and help it grow by giving the easier access for new community to come into crypto and they can come not through Ethereum, they can come directly to tell us.
Yeah, and I think to like mechanisms like you've designed here really help when we're not on major exchanges like finance quite yet. So it in terms of like, you know, being able to tell like my grandma to buy a little bag with her credit card, right? Like it's just like, I don't have to walk her through what it means to open
of a wallet and get KYC and all that in that regard. It's such a simple, so how do I say it? It's the easiest way I think to fund people into the space because most people have credit cards that are
are already there looking at the site and what to do with it. But I think for us it's such an advantage to like get people on here and that even maybe are in Web 3 but like can't find us on those major exchanges quite yet. So I really applaud that that helps us out and inter
really meaningful way to you. Yeah, and also, I know we have this feature that users can actually buy up to 1050 USD without KYC, just type in some billion information like when you put your credit card.
And that's it. And yeah, basically that is lower barrier for web to people to get into that tree, comparing with some other solutions where you need to fill QIC for any value
of the purchase. So, and then if you went out of this limit, 1550 USD then user can pass KYC and then crease this limit to like 10k per week and then they can have more access. But still this feature gives
easier and faster access. And yeah, as we said, the option with centralized exchanges, like Binance and so on, that also, like, the way it works with them, that also limits
projects and especially not like ecosystem tell us for example, but projects on the tell us network. They are very limited to get to get services like like what we provide because all the other solutions they
mostly rely on centralized exchanges so to get Fiat on RAM for Web3 project that you're building you have to be first listed on the top of changes or you can find some on RAM but they will charge you some crazy fee for the
like listing fee. So yeah, and what we also doing here is like we just providing it to web free builders as well not only to a community but also to your web free builders and there is less centrally
Because there is one reason one less reason to go to centralize exchange because for example if you want a fiat on ramp then you can be just listed on decks. We will you know our solution can connect to
your deck security and there is no need to provide liquidity anywhere else that kind of draws more decentralization in in the ecosystems like Pellos.
That's awesome. So I know you probably or I know you did kind of go over it in the intro, but I did want to bring it up again for the listeners. So you mentioned just right now that
Acetects utilizes Dex liquidity pools to provide liquidity for fee trading. Can you explain kind of how this mechanism works and how it benefits the providers in the crypto space?
Yeah, so basically for the project you you you made some private sale then you ran through the ideal then you go live and first of all you usually go live
So you as a project you provide some liquidity on the decks so people can trade your token on open market by and sell it. So what we do is we
connect directly to the smart contract of the liquidity pool of specific token. So let's say project called project token project project called ABC, then
We can write directly to let's say USDT or tell us or USDC to ABC liquidity. So we kind of just trade stables to ABC which makes every hour transaction. It is purchased on the decks of the token.
So, every time someone buys with fear through aesthetics, at each time we buy from the decks, which kind of makes some buying power to the token. And since we use 100% of the volume
like to buy through through DEX that means 100% of the volume of aesthetics is the volume on the DEX and for the people who provide liquidity on the DEX they usually earn between 0.1 to 0.03% of the volume
And it is like internal mechanism of most of the Dex's, they pay fee to the liquidity providers of the volume. And since the setx is connected directly to the equity pools, that means our volume is also profit for the liquidity providers.
That's I love it. I love that. That's the question. Yeah, it's almost like when I hear that it's almost like you're then using your credit card to further decentralize crypto like that. That's like a really interesting idea I never would have thought about in terms of like you know when they draw from sex is it
It's a different manner because the major liquidity providers are the owners of it. But in this way, you're drawing from a decentralized exchange. But it's basically burning the fiat and turning it into... No, I love that.
It seems like such an overlooked thing and it just really fits in mind with the descent, de-centrality which, you know, we're all about here. Yeah, we do, we do like the same like USAID they took gold and they gave paper money so we are now taking paper money and giving you tell us.
I love that. So yeah, so what you just said about the buying like that we connected directly with the decks. So one of the ways how, for example, if one of the projects wants some connection with our system through API which you cannot
also provide. We can build something like you can put the wallet address of any of the token from the decks, you know, like when you go on the decks and the token is not yet in your watch list. You have to put the token address and then the decks find this token, you add it to the watch list and then you
can swap it for example, tell to ADC. So technically we, that kind of integration. So we can, any address you put and then you can kind of buy it with credit card, same like you can do on the Dexbot with credit card.
Yeah, but since we are not directly at that so we implemented our interface where user can come and just choose from the selection of the tokens but with our least
of the tokens that are available will be growing with the number of the projects on the network and with the number of the Dexas because we kind of have no limit there like Dex.
So in terms of like do you support other EVMs as well? So like is there other forms of liquidity? Like this interaction happening on other teams?
Sorry, is like aesthetics just like a telos application or are you servicing other like you know Ethereum or polygon as well?
Yeah, yeah, like I don't remember what was the order of the integration, but yeah, we have now seven networks we have only gone out of the line some other
So yeah, and our plans is to basically provide the same on ramping experience into web free like on Telos. We will be building that
for the most of the EVM, so all the web free ecosystem in total grows because anyways when other EVM grow that also pushes up other EVMs because there is always kind of mind-free
between bridges from one chain to another chain, from one project to another project and so on. Well, and I just think there's like a huge advantage. Like I know I've been a big kind of preacher of it in just like knowing what other environments are doing and
and having connections in them, right? Like I'm sure you speak with other decks on other chains as well. So you get a really clear survey across what blockchain is supposed to be doing rather than just kind of like hunkering down in one environment like say a builder that's just building a specific
specific app within say E-threat. So I've just really noticed that like knowing people on the other side of the fence to like go and talk to about what's happening in that environment and how like you get a pulse for what's happening, but you then just kind of collect these connections
where you don't have to be spending all of your time there. You can be doing it in what works for you, but you've forged these kind of friendships and connections that I think is what's going to make us last in a longer term capacity than when people will rush back in
when it's an up cycle. So it's nice to have these bonds and means of connection across chain. Even though we're very much tellos here that that friendship is the interoperability to some degree as well, right?
Yeah, for sure that's definitely something we are happy to do together with Telos, you know, connect with any other resources and people that we have and we actually what we did recently
So as you mentioned about the DEXES, yes, we do have connections with an integration just like since we are aggregator. We do have all these DEXES. I don't know how much of the at the moment, but we did recently
We helped one of the projects to get listed on the decks. We helped them to negotiate this liquidity requirements and then decks also opened a farming consenting program for that project.
Yeah, for sure. Things like this. We are really open to speak about it. Jake, I don't want to be hogging the mic up here. Yeah. Yeah. That's wonderful. So I think I think what you
What you built up is amazing. You guys offer a no-k-y-c for people who are just trying to get into it and just allowing people to use credit cards with kind of like you know a simple setup is great for people trying to get
into the web through space, just making convenient quick transactions and things like that as always important. Do you have any, I guess, future developments that you can share or any upcoming developments for
for maybe the telos network that you're working on or partnerships that we could look forward to.
Yeah, so we always open for the partnerships with new projects that deploying their own tokens and we're also always open for the partnerships with new DeXes to provide access to the most tokens on the Telus network and then regarding our
future developments we are now researching and working on the tokenomics and the idea would be that any project can open and the token listing proposal and get token listed by the voting of
the community and that all just governed by the token and then there is some staking mechanics and burning mechanics that just reduces the trading fee through aesthetics and stuff like that. So and that token will be deployed across
all the changes that we would support at that moment when the token will go like. So, it means it will also deploy it on Telus Networks, I guess. We can call that our next big development in the
pipeline on that the last network. Wow, that's super exciting. Could you share a date with us? Or is that too much information? A date? Yes. No, we don't have a date yet. I guess it will be next quarter.
Awesome, I thought I'd ask. Well, maybe this is a good time to open the floor to anybody who's got questions down there in the audience. I know I see some familiar faces here. We've got, you guys cool if we start kind of taking some questions from the audience?
For sure, yeah, I would love to miss the questions. We got I also see some people that they know we got big bends here. He's been waiting for a while Maybe in the meantime Are you up here with their bends?
Hello, can you hear me? Sure can. How you doing? Yes. I'm doing. How are you doing? You doing great. You got a question there? Yeah, you got a question.
So what is your greatest challenge in Super Analysed?
Our greatest challenge so far that we passed all that we've faced now.
So they didn't get rich pun. Okay, I won't give both. So I guess the greatest challenge that I think I already mentioned that I will be short that we passed is that we managed to connect seamlessly, create a ecosystem.
with a defyc system and as I explained to you using all these liquidity pools which kind of open doors on one side and benefits on the other side. So I guess this is the greatest thing that we managed to build and so
far I guess the greatest challenge we have now is to properly just like we did with own ramping properly integrate all that with our token and I said which will be released probably later this year. Thank you for your question.
Thank you very much. Welcome to another question.
So what I will plan for the next three months, that's what is your goal on 30 for the next three months.
Yeah, for the next few months we are planning to grow our ecosystem, grow our user base by ecosystem. I mean the amount of the projects that we work with and help them
breach people from Web 2 to Web 3 and also like I said we are really willing to have a talk with Dexas from Telus Network so we are open for the
new integrations. So yeah, I guess this is our plans for the three months grow, improve our service, and just be active in the community, help hopefully at the end more events like this.
Okay, thank you very much for answering my question. Thank you.
Yeah, and thank you for your question. Anybody else in the audience? Have a question.
I'm curious maybe to dig in while we're waiting for some questions or speakers here.
a little bit more on say I want to spend more than $1,500 getting my you know my grams to buy a big ol' bag of telos. What is the KYC situation look like if you step into that round?
Yeah, like since it's one purchase 1500 and it's over the non-QSID game that you will have to pass QSID game but other option is like to you can do a 100%
1000 and then you're like okay everything is good and then you pass k was in then we go like 5k more but let's say but if you want one transaction from the start 1.5k then you will have to pass k was in
that QSC is actually also small, so it's built in and it's like you can upload or take a photo of the document and then that this can't face, you move your head around, then you submit and then it's like live status of the QSC app
approval so it's usually I guess three five minutes maximum. So boy that quick oh my gosh I remember back in the day having to have it away like oh fast you can applaud all the documents if you have anything nearby but yeah it's usually quite fast
I'm a plastic and have everything. Let's only a laptop and you just drop the documents, you scan your face. Let's see. Oh boy, I've waited like days to get my verification and documents. So that's I love how fast or how far we've come ahead. Yeah, right. I remember waiting a week for my first Dex KYC.
We just imagined what we just passed because we opened a corporate account in Europe. So that was also a headache. Oh, I can only imagine. Well, I'm curious. So like we've kind of been talking about the past and the present, but like what are your thoughts on how
how this kind of solution is going to be looking in the future. Obviously, you're solving a problem of how to get people outside of this environment to get in here. But what's your speculation, I guess, on what the future of crypto and on off ramps look like?
For example, regarding the aesthetics in the future, six to one year, six months to one year, let's say, we also planning to add off-ramp feature. So basically,
you've had some tokens and you can just sell any tokens that are traded on the decks. You can sell it and get fear from your bank account or on your credit card and its own. So this is our closed development and then also this
think will change in total the way how, actually what we want to re-inalate is with our tokenomics is the bit to bit side of the on-ramping and web free startups.
kind of communication because now it's sales representatives connecting the offers and listing fees and so on, onboarding and so forth. So what we want to do is just make it
If you build a project and you want to have a Fiaton ramp feature, you can go get it in the centralized way. You take SDK, plug and say, you put it in your app, you make a button, like you have two buttons by from Dex, by from clearly
the car, if you press buy from CrayCard, our pop-up shows up and the way how you get this service will be also like the centralised ways, as I already said, but you can just open
So you open the proposal and you say you put some details of it. It's just like basic voting. You take some tokens, you open proposal, you say this is our address, you put this
details, what it had website, Twitter and so on. And then that proposal appears in the feed of the proposals and the community can stake on it and by staking the vote for it, if the proposal reaches certain level, then it gets automatically
So that they get approved by the community, because community is looking forward that this project will have this featured and community can buy the token of the project with a credit card. So it will be like,
On the one side, it's all decentralized and automated. Produce can manage that on them on their own. Not only for the liquidity, because liquidity is already on the Dex's. So just everything happens more decentralized and automated way, which just will increase the speed of
adopting the solutions into web free connecting all of that which will just speed up the inflow of the web to community into web free community. So I guess that's the future.
Yeah, super bright future too. Yeah, I think I totally agree with you. I think I could totally see that happening and I think just streamlining the process so that we can bridge the gap between the Web 2 and Web 3 communities is really the way to go.
Yeah, we see like many companies doing that. We can see now also companies like Coinbase. They are getting these small licenses trying to open new mod.
There is this now thing with some pension fund through which you can buy on your pension savings in USA you can buy Bitcoin.
Yeah, like, things are moving in that way to give access to
in EVMs like Delos to have access to it because we can grow that together.
Sorry, was I cutting out there? Hello?
Okay, I can hear you. I was just wondering if anybody else could hear me. I wasn't sure if my phone was ringing a little bit here.
We can shoot you know. Yeah, we can hear you now. Beautiful. Well, I want to leave the floor open for any more questions as we like wrap up here, but yeah, I what what makes me curious here too is like I see
one of the problems because I come from the and then a tea background is like it almost is like a layer down problem in terms of like people got to get once they got the tokens and they've got to figure out how to you know navigate those interfaces but I see this kind of thing really solving that bridge.
in your future in a more meaningful way too, because people just might want to buy tickets or something, right? And it's in crypto to get there. But this kind of infrastructure is really going to underline in a really meaningful way how to solve those problems and other ones of true with GameFi as well.
Yeah, and you know how I personally use, for example, aesthetics is let's say I need to send you thousand views the cheek on polygon that has
have right now on polygon until I use it to go to the bridge. I just buy from cart on polygon and put your wallet address as the recipient and that's it.
Yeah, just keep it keeping it simple too, right? I think that's the real out the elegant and like honestly the hardest part because like I know Jake can probably test to it is like, you know, seeing different ways people build apps or putting out proposals for how they're going to execute
on it. It's like the simplest ones are the ones that always get it done and move it ahead. So like I really, you know, tip my hat to how you've kept that at the core mechanism of how you do everything because that's like so overlooked, right? Everybody.
Not everybody, but some people have a tendency to like over complicate how to get there and it's really like you just got to break it down to basics, which is exactly what aesthetics does. Yeah, exactly. Just look at the Apple pay for instance. It's so
It's easy to pay, if you don't even need to take out the card from your wallet or whatever, and just start with the phone. Everyone is using it now. So it is a way to get what you want the better. Exactly. Exactly.
Well, we're maybe this is a good spot to kind of wrap it up unless anybody else has got questions in the audience, but I really appreciate your time coming out and talking to us. I'm going to give aesthetics a try.
because like I love checking out new new DApps and new ways to you know bring stuff on and never a bad time to navigate another little Telos bag. Oh we've got NFT opia here.
Hello, how you doing? Hello, this is Sarah from N of Tokyo. I also go by the Waffles Kitty. I just wanted to say thank you. I feel sad that I came late to the conversation, but it sounds like there's some really cool things going on with this partnership.
And I've already seen on your website, like on Assetex, where you are already partnered with several different blockchains to bridge the gap from Web 2 and to Web 3 and providing these defy solutions. So I think this would be really
great. I would love to continue the conversation but I know you guys don't have enough time for that. So just expect it. I just want you to hear my voice at least so that it's not weird when you see a DM saying hi.
Exactly. Yeah, for sure. Go forward. Yeah, we know we got time for sure. Awesome. Awesome. Yeah. So since I came late, I didn't want to just briefly introduce myself. So we have a quarterly metaverse event.
called N.F. Topia and we showcase projects and solutions from a variety of different people across all of blockchains across the space and the main point of me hosting this event among other people in this space is to do exactly what you guys are already doing.
which is bridging the gap, providing defy solutions and getting people to know that there are tools out there to help bring them together. Uh-huh. Yeah, I'm happy to know how exactly you are doing this.
And if there are any synergies, feel free to share your ideas. Of course, of course. Yeah, so for our events, we it's a weekend event three days and it's just it's like an actual convention, but it's in the metaverse. It's all virtual and it's super exciting.
accessible and that's what and because your project and everything is just as accessible and you're doing your best to help others bridge the gap into the space, I think it would be a great chance for you to showcase what you guys are all about to a bigger crowd.
Yeah, I see yeah, that's probably great opportunity to check that out after the session, but thank you for bringing it up. Yeah, thank you definitely thank you for having me here and I would be
I would be honored to just get on more spaces with you guys on or get to know you guys more. Sure, we can chat about it later in the DM if you have any ideas where we can next time a session.
drawing. Yes, definitely. I only know a handful of products on the TLS network and I want that to change. So definitely tell us thank you for hosting as well as the text. I will also be reaching out to you so that we can get to know each other more.
Sure. Thank you. Thanks for coming out. Yeah, awesome. Thanks for coming out.
Any last kind of request down in the audience for we wrap it up here.
Last chance, last chance.
Well, I guess that's it for questions from the audience here. Again, thanks for coming on out and sitting down with us. Can't wait to see where those goves.
Thank you for the invitation. It was pleasure to talk. As I said, we are looking forward to talk with projects from the TeleSocosystem and
see how we can simplify the bridge for your users into your DApps or a G5. For the next event, thank you for guys, thank you Jacob.
Of course, of course, thanks for speaking with us.
Have a great day guys. - Have a good day, bye bye.