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The q/acc S2 Event Horizon
Recorded: May 8, 2025 Duration: 1:55:27Space Recording
Short Summary
The Quadratic Accelerator (QAC) is launching its second cohort, featuring innovative projects like To The Moon and Melodex, which are set to revolutionize entertainment and music royalties. With a focus on fair token launches and sustainable growth, QAC is reshaping the crypto landscape through strategic partnerships and groundbreaking funding models.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. GM.
GM. GM. Give me some hearts if you can hear me folks awesome man today is a marathon we just hopped off of four seconds ago a live stream to switzerland
in front of a crowd uh talking about q. And then we hopped over here.
As soon as I can unmute the button, we are go.
And so I'm super happy for everyone who has joined and is still joining.
As they say, please reshare, comment on this.
Let's see if we can get as many people as possible.
Because this isn't, it's not a standard
space. It is really, we're pushing to the end of the second QAC cohort, season two. And so
we'll get into what those words mean. And I wonder if Tam or Griff want to talk about QAC. I can kind of start and then we can
bump over and we can get you guys as speakers. And so this is what QAC is.
We had a long period, not a long, few years in 2017, 2018, where, you know, everyone got excited about
tokens and blockchain and everyone was launching tokens. And most, many of the people during that
era got ripped off. It was the quote unquote, ICO era. And it was a lot of scams. It was rampant.
And, you know, lawyers and governments stepped in. they said, Hey, you know, this is securities,
all this is controlled. You can't do this. And so people were like, well, how do we kind of do
this token thing? There were a lot of projects that came out of that era. Um, like Ethereum
came out of that era, many in the top 10, 15, uh, projects today, crypto projects. But then for, you know, almost a decade or something,
things moved into with like the airdrop kind of zone of like, you build up a project,
you get investors, you kind of leak that there's some token drop happening. And people kind of,
the farming comes in where people just kind of do low effort activity
in hopes of getting this airdrop.
And then when the token actually launches
within the first day or week or month,
the price kind of goes down
because those early investors dump the token.
And so what we did with QAC is we said,
man, what if we re-imagined
the whole token launch process? But what if we imagined it using modern tools like
modern DeFi primitives? And so we took everything back to the drawing board and we said, hey,
no airdrops, no VCs. Basically, we're going to use a token bonding curve that has vesting built in to offer these fair launch tokenization to early stage startups.
And kind of right at the same time we were building this, the meme coin phrase took off, you know, and it uses a similar technology and token bonding curves.
But really, it's like a casino experience of just, you know, dog with a hat or poop coin or
something. And so a lot of people like this because it gives a similar experience of the
early ICO days of coming in early and doing all this. And we're like, we don't want to be the casino.
We want to be like the real launchpad for startups.
And so we did our pilot in December.
Eight teams came through, eight real startups came through and tokenized on Polygon.
And it was a banger.
I mean, with a pilot, just having like a modest outcome would have been pretty cool, but it came out pretty great.
We had a 10x return on investment from the grant that came in.
And these teams just got to keep on building while their token launch kind of ran on autopilot turnkey in the background.
And so now we're in season two.
We've added four more projects for a total of 12.
And this round runs through Monday. And we wanted to have a nice block of time, this two hours,
for all 12 projects to talk about what are they building? How does the token fit into it?
And maybe if people have questions about the QAC mechanism, whether you're a token engineering nerd and you want to hear about that, or you're just like, I just want to know about the value prop, like what do I get?
Or even the assurances of, you know, kind of an unruggable protocol.
And so, you know, what's the safety assurances built in at the smart contract level?
And I'm very happy to have our friends, the Polygon account and QuickSwap here.
All these projects for Season 1 and Season 2 are sponsored by Polygon.
So this is awesome.
We're part of the community grants program.
So big, big purple love there.
And then also QuickSwap, all these tokens after the round ends,
they actually get their LPs created on QuickSwap.
And so doing cool stuff.
Does anyone... Let's see who we have as speakers up right now.
Okay, here's what we can do is we'll launch right into
and give some of the projects opportunity to speak.
If you are one of the projects in either season, please request to speak.
And so we'll just kind of keep an eye on you and add people and remove them as need.
But I already see we have Gridlock set as a speaker. Two to Moon went first
last time. So I cannot pick two to Moon. I'll pick Gridlock and Derek. And Derek, you want to tell us
about what your project is, how the token fits in, and then we can open for some questions.
Absolutely. Hey guys, it's Derek here, founder of Gridlock. Gridlock
is a distributed storage platform with social recovery. It is the safest, easiest way to store
crypto where we're avoiding things like social engineering that caused 45 million in losses on
Coinbase this week alone. And so we're making crypto easy and safe for everyone. And yeah,
And so we're making crypto easy and safe for everyone. And yeah, love that I'm part of this cohort, other great projects, and love that we're doing a fair token launch with the Quadratic Accelerator.
first revealed the projects that were going to be in this next season, we told them about gridlock
and they're like, what's gridlock? I'm like, oh, it's a crypto wallet. And they're like,
a tokenized crypto wallet? We're like, yeah. I'm like, well, no one's ever done that before.
And I think they kind of said it as kind of, I don't even know if that makes sense. Right.
And for me, when they said that, I was like, this is perfect, you know, because it is true.
You know, a tokenized crypto wallet,
because if there ever was anything that's a public good
and a shared infrastructure in this entire movement,
it's freaking wallets.
It's the entry point.
And the part that really sticks out to me about gridlock is one,
we're moving into a new era of where user experience is a priority.
It's not just the tech, it's not just the marketing.
It's like what's the enlightened user experience, and this is a social recovery wallet.
So first tokenized self-custody wallet for social recovery,
custody wallet for social recovery. Um, and, um,
and you actually can participate in the way the network works, uh,
with the token. And so if you want to learn more about that,
go to QAC, go under projects and you can hear more about that.
So we'll go quickly through these, uh, two to moon. One of my,
one of my favorites, you love all your children.
Some of you were like, ah, there's something strange about this one. That's one that's great Tina Moon you want to tell us about what you're building Ellie yeah so uh can
can everyone hear me yep cool so we are building something pretty crazy here we're letting AI write
the entire tv show and let audience watch and predict what happens in the next episode.
So here's the storyline.
Imagine The Office meets Silicon Valley, but completely written by AI.
It's set in a wild crypto city where six crypto inspired characters are, you know, the type
of personalities we're all too familiar with.
They're supposed to work together to launch this new L2 nobody asked for,
but there are chaos, drama,
love triangles happening in those 30 days.
An audience gets to follow along their journey
and predicts what happens in the next episode.
So we're day eight into the story
and seeing a lot of participation from the community.
We got over 6k people watching the
show and over 20k predictions made. So pretty excited to be creating a completely new primitive
power by AI and adding this new fun interactive layer for all the audience. And for the To The Moon tokens, after it gets listed on QuickSwap,
token holders actually can use the tokens
to influence story arcs
and basically get the narrative power
to basically create campaigns
and then feed back into the narrative engine to co-create the stories
the community owns together. So yeah, that's the big plan. I'm really excited to be part of the
cohort. Awesome. I'll say something about To The Moon is in our last live stream in Switzerland
to the event there, Ellie was talking about being emotionally invested in the story
and being excited about what's going to happen.
And it struck me.
I was like, but she's the creator.
But she can't know what's going to happen
because this is a real interaction between different agents
being executed in a trusted execution environment.
And so it's truly an autonomous story in that regard.
And what's better than an autonomous story,
you know, has those like true Skynet, DAO vibe,
but also one in which you can influence.
You can't determine, but you can influence the story arc, right?
And so AI, interactive media media prediction market built into it i mean i
called my i told them some of my ai friends you know they run like newsletters and podcasts and
stuff i was like listen have you heard of this and told them and they were like dude and they
like ride the edge they're like from the future you know and they're like man this is a lot like
this is this is crazy and i i knew i knew it was like
something awesome like this is nuts so freaking love to have tutomun and ellie as a part of this
let's see who wants to share i don't have always the best view in the app like it just lists
everyone as a listener is there another project that can speak now that can go next?
I'm happy to jump in. Can you guys hear me?
Yeah.
Yeah, this is Mango. I'm the co-founder of Web3Packs. We're really stoked to be here.
And yeah, really love all of the work that's been done by the other projects that just
spoke. And from our perspective, one of the biggest barriers to entry to the blockchain space
is accessibility and getting started with crypto.
That's always been our focus is how do you get more people in the door?
You know, because once they're here, you know, they'd love to watch these, you know, these AI guided TV series.
And, you know, they definitely want to make sure their wallets are secure.
You know, they definitely want to make sure their wallets are secure.
But even just like getting into the space in the first place is something that's maybe quite intimidating for a lot of people.
You know, young people, especially the older folks, you know, who are, you know, they've come from Wall Street.
They've come from traditional finance.
You know, they know that bitcoin is here to stay but who knows how to get involved in in defy um in in all of these ai tokens and all
of you know all of the tokens of the projects up here you know on this stage um and so we're
looking at making a streamlined process for people to get started with crypto by, you know, buying like a starter pack, you know, like just like the Pokemon cards, just like the memes you've seen, you know, like, you know, how to get started with crypto should be, you know, like a one click solution.
And whether you're coming from a fiat currency or if you're coming from a centralized exchange, you know, no matter what your entry point is, you know, how you're buying it, it should be really straightforward to get access to the stable coins, to, you know, the key investments like Ethereum and Bitcoin, to the DeFi, you know, liquidity pools that are most important to you.
We want to make the process of all of this direct and simple so that you don't have to manage, you know,
you don't have to become a financial manager yourself. You don't have to become a Wall Street level executive to get access to the benefits of crypto, of blockchain.
And so that's what we're here for.
A one-click streamlined solution to give everyone a chance to participate in these really exciting stories
that everyone else is sharing here up on stage.
Thank you so much, Mango.
Yeah, it's like one of the big privileges we get as being the founding QAC team is we
almost get to like pick projects where like, I would totally use this.
I would totally use this.
I want to use this.
You know what I mean?
You know what I mean?
So we're like, yes.
So we're like, yes.
And I mean, the whole idea,
even certain movements and narratives happen in crypto.
And maybe you don't have the time and the energy
and the money to go out and say,
hey, there's a new kind of theme developing.
I'd love to have a bag across this whole theme,
you know, whatever that is.
And to manually go do that, it's kind of a pain and like the gas and everything involved.
When if you could just go somewhere and say, I'm just going to get a backpack that has all these assets and get this theme.
Like I'm just going to grab a backpack of the top like agentic tokens or what are the meme coins or maybe even have certain people
you follow um you know alex becker or whatever you're like he's always saying hey it's it's
it's about the box these are the ones i'm looking it's like dude zip a pack of your favorite stuff
as an influencer and we'll snatch it up and like web three packs is doing all kinds of cool stuff
that you don't even hearing yet on like you know that there's a referral and like they can make
money on selling the packs and all this and so we're early and um with these products all of
them are like 500k market cap in the ballpark and so our whole our whole philosophy is we're not coming out like it is huge valuations and going down.
This is grassroots, like community come in, get a piece, participate and build up up into the right.
You know, and so freaking love Wet 3 Packs.
Who is next?
Before the next project speaks, please reshare this space.
We want people to, you know, see that this is happening.
Let's push and prod the AUG and see if we can get some more listeners.
Because, you know, this is the last leg of season two.
Only a few more days left.
And we'd love to get the conversation, questions, challenges, whatever, and get your message out about what you're building.
And if people miss it, then that's on them.
We did what we could.
So what's the next project you'd like to share with what they're doing, what they're building, how the token fits in?
Hello?
Melodex. Andre. Oh, great.
Hi, everyone.
So we are originally a Web2 project, which was thinking, making plans about going Web3, but having lots of doubts until we met with Qwack
and we've been accepted to the first cohort and started to build our Web3 project and our token. Originally a platform where music creators can tokenize the future income from monetization of their music, so-called royalty rights. have launched the first MVP on Polygon and having the first auction of a song and our native token
MELS is on the quick swap and it's a big deal for us. So what once was a privilege of selected music producers to own royalties in songs of artists now is open for everyone who would like to be in show business.
So thank you, QAC.
Thank you, QuickSwap.
Thank you, Polygon.
That's a huge thing for us.
Thank you, Andre.
And just I want to clarify something.
And I think, I think sometimes when people hear about the music royalty, token eyes and all this, maybe their eyes glaze over because we've seen people try to do this a lot.
What really distinguishes Melodex is that, you know, Andre has a multi-decade history of working in the traditional music industry.
And so he's, you know, a part of the reason why he came to us was he was like, hey, I know this side of the house.
I know the, you know, the traditional music, big brands and all this.
And he's got funny stories about working with Christina Aguilera and all this like crazy stuff.
We could go on the whole rest of this space if we let it, but you know,
he's like, what, how does this translate? And so that was a distinction,
distinguishing characteristic,
but then also the fact that he does have this very interesting legal
relationship with Germany, whereas Germany has, you know,
put the stamp on approval and exactly how they're
doing their tokens and their royalty play and that's built into their web 2 and web 3 options
so uh very interesting there definitely check them out okay who's next I see rock rock in the
scene came through like Batman in the back door hanging out okay hey guys hey good to be here what's up rock yeah i'm actually scheduled to be
on another space with dash right now but there i got scheduled for both somehow kind of or i was
told about this one i was like i gotta i gotta show up for this so dash dash will have to wait
i gotta i gotta hear the update of qak iAC. I've been jonesing to hear an update.
Awesome, dude.
Appreciate it.
Appreciate it.
Okay, so who is the next project that would like to give us the longer elevator pitch?
I'm unable to see who is the speaker.
How long is it going to be?
It's a longer elevator.
So like, you know.
15 floors, 12 floors.
Like max three minutes.
Max three minutes.
So it's like, you know, 17 floors, slow elevator.
Get it.
Cool.
So Pungar here from how to dow um what we are doing
is we are incubating new dows and how we are doing it it's through uh different means depends
where are you on your journey if you have never ever heard about dow so you are very new to dow
we publish book with Penguin Random House,
which you can read, get inspired, get the understanding what are the fundamentals of
DAO and how that is the future of organization design and how it's empowering businesses
to thrive in this new world, which is digital native.
Then, you know, if you are a little further,
maybe you already read the book,
we have hands-on courses.
So you can try to build a DAO.
And we had an amazing cohort last month.
It was six weeks.
40 people, they build their own DAO.
It's called Connected Community DAO.
They're helping people after disaster events and also you know in some underfunded communities uh we got them some
initial funding just to get going so 1600 just out of the course and now they are building it up so
uh that's kind of the next steps the second step and then we have a dow incubation where we
actually like you know help your project if you already know what that is you tried it you have
your own idea which you want to build we want to support you we want to uh help you set up the dow
set up the organization structure uh and maybe get some funding as well so you can actually um
get some funding as well so you can actually um go and be successful entrepreneur and how we are
doing it it's all powered by the by the ecosystem by its members uh so it's kind of like a co-op
in a sense uh but it's like a more membership uh structure you know powered by the how to doubt okay which we are doing in cooperation with qwag
we really love the the way how you know fair launch and really like long clock ups for the
founders to ensure that uh we are here for the long term and you know this is passion for us
this is something we are doing out of uh really believing in the future of DAO.
So we are here for a long time and we would love people become members,
get into the programs, get some discounts on the programs,
and maybe the students become the teacher and help other projects to thrive.
So I hope, I think I'm on the last floor right now. So great to be part of the QA and great to be building with you all.
Awesome.
Thank you, Punkar.
Yeah, this is like a real kind of nostalgic throwback because me and Punkar were like
down nerds from many years ago.
And for this to kind of come full circle and the, the scene has changed a bit.
And so this is really nicely timed where there's an educational platform that can take,
you know, business professionals and teach them the stool, the tools, the concepts,
and kind of the patterns. And so then the, the dows that come from here forward look real different
than the ones that came before and only the people who suffered the pain of previous ones
know how to avoid the the um potholes and the booby traps going forward and really excited to to have this uh this kind of uh in road with you know non-dao people with this penguin uh
you know major publisher dow book and so very cool thank you punk car um if we don't have another
project queued up i do have a handout from Gridlock. What's up, Derek? Oh, yeah. I have my hands up.
Just wanted to give a longer pitch, if that's cool.
Oh, yeah.
Go for it.
Yeah, yeah.
Okay.
So I'll just want to tell my origin story, kind of where this started, which was I was
sitting there many years ago looking at my hardware wallet, doing a firmware upgrade,
knowing if that fails, my hardware wallet gets br bricked and i have to figure out how to
recover with this weird thing called a seed phrase don't remember where it was hopefully no one stole
it it's just i'm thinking how crazy it is that we still have it's like what 2018 or something like
we still have seed phrases and now it's 2025 and we still have seed phrases and i just thought oh
my god this needs to be fixed and you know what i realized
there's new technology out there that we could do it i thought of this new tech that way you can
split an encryption key into pieces and distribute them and i was like this is it this is the answer
thought of a cool pun a grid of devices that lock your crypto. And that was the beginning off to the races.
And today, it's been many years since, you know, started having these feelings about how hard crypto is.
And next thing you know, we have the tech.
We have this amazing MPC threshold signature distributed storage technology that allows you to split an encryption key into pieces.
You can spread those pieces across multiple guardians. You have this amazing no single
point of failure. You have the benefits of social recovery. You can get in even if you make a
mistake, even if you forget what you're doing, forget your password. You can't get hacked because
even if you are distracted or tired, you know, hell, if you're drunk and you
make a mistake, you might give your C phrase away or send your crypto to the wrong place.
That is all solved because this distributed storage network, you kind of have this social
protection, which protects you against social engineering. You have social recovery, which
means if you make a mistake, you can just talk to these people, talk to your guardians and say,
hey, press this button.
You get enough people to press the button.
You have all of your crypto back.
And it's for me, it solves that single point of failure.
But on top of that, it just makes crypto easy for the masses.
No one has to know nerdy terms like C phrases or even things like addresses and signatures and blockchains.
Like we're trying to remove all that at the core level and,
and make it easy for new,
the next wave of people to use all of the cool products that we're talking
about today. Well, that's gridlock in a nutshell.
Yeah, that's amazing.
I know you described one of the features of gridlock is you know attempt to do something, the system detects And definitely, definitely feel what you're saying
about like, wow, it's 2025. And like, we're still in this kind of mode. Like, you know, I'm,
I'm very hesitant, if not like totally against trying to tell my family, Hey, Hey, get into
crypto and do this thing or that. And it's like's like you know my mom's getting locked out of her gmail account constantly and imagine it's like oh it's kind of like a bank
account except if you lose your password your money is all gone forever you're like ah no keep
your money in key bank for now you know or or a centralized exchange it kind of undermines the
vision of web3 the ownership economy you know. Centralized exchanges are just rebranded banks, right? Like crypto came about
because the banks were a problem, right? Like we want all of the control, right? We don't want the
banks to tell us no. And when we're trying to make real change and we're trying to do stuff,
but we kind of also want the banks to help us out when we want to be protected. And so this is that mix, right?
Because we can stand in and say, hey, maybe you shouldn't do that.
But ultimately, you're in control and we're not.
And that's the best mix of it.
Awesome.
Well put.
Well put.
And I just got a word from some other projects.
There's some time zones, but we're going to have Harshal joining in five minutes. Do we have any other projects online on right now that can share? Or Tam or Griff or any kind of questions? Just raise your hand. Ellie, did I see a hand raised?
hand raise? Yeah, yeah. So I just wanted to share a little bit more about how we actually go about
producing this AI-generated TV show. So yeah, so for the new people who didn't join,
To The Moon is basically building AI-generated TV shows meet prediction markets where audience get to predict
what happens in the next episode.
This sounds like a pretty crazy idea, right?
So I want to explain, you know,
how our engine works behind the scene.
And, you know, our project actually has
some real AI component to it.
So basically how it works is we have an AI narrative engine that writes scripts for each episode.
And then separately, there is a betting engine that generates these prediction markets from the script written by the AI.
And they generate bets that are guaranteed
to resolve bets in the next episode.
So these two engines kind of work hand in hand
and it's all written by AI.
And then what's cool about the way we render the front end
is we use a large animation library.
So these pixel style characters, if you haven't checked,
go to tothemoon.live,
you'll see these cute characters. We have a large animation library that just automatically
calls different animations based on the scripts and then their emotions. And then we also have
AI powered like real time voice to these characters.
So putting everything together,
when audiences watch the show,
it's exactly like watching a TV show.
And people can watch and predict what happens next.
They can win rewards,
climb up the leaderboard to brag about they totally saw the plot twist coming.
So we're kind of shifting the cooler the
water cooler conversations did you see x last night to you know this bragging moment i totally
saw x coming and i was right and i have on-chain proof so uh yeah i just want to share that on the
technical side you know this is how we went about actually producing this AI-driven TV shows.
And I think more on the personal and emotional side is,
why did we even start building this show?
Why should anyone care about AI-driven content?
So when I first started building this,
I thought that stories move us not because of who writes them, but because of what they reflect.
So having been in crypto space for almost four years, I wanted to produce a show.
And with the help of AI, that reflects different personalities in this space.
you know, with the help of AI that reflects different personalities in this space.
You know, we have, you know, Devin, the DGEN trader, Cash, the charismatic founder, Gina, the DAO lover, Ellie, the security expert.
Ellie is like, it's not my name or like, you know, who I am, but, you know, the AI just creates this character named Ellie.
So I just, you know, went with it. And Nate, the genius coder, and Ava, the AI just creates this character named Ellie. So I just, you know, went with it.
And Nate, the genius coder, and Ava, the NFT artist.
These are, you know, all crypto personalities that we interact with or, you know, part of us.
So, yeah, I thought it would be cool to write a story with the help of AI.
And like Justin said, you know, we all end up getting
emotionally invested in these characters because they mirror us. Their flaws are exaggerated to
make the show funny. But, you know, in a way, you know, you know, they kind of reflect us as
an industry, as a community. So content, at the end of the day,
makes a group of people feel they belong to something.
And with the power of the TDM token,
it changed the game.
Content isn't passive anymore.
We have a community of watchers.
They predict what happens next,
and then they will soon be able to influence the story arcs
so we so it becomes a two-way street that we can co-own the story a tv show that we all feel very
close to because it is the crypto story that we're all writing together
how much to the moon token can i pay to get ell Ellie the character to give Gridlock a shout out?
that's great.
That's a great idea and a great monetization strategy.
We'll
DM and see what can happen.
Alright.
This is great.
Yeah, didn't you say,
Ellie, too, that the
agents could launch tokens in game
like i've heard this you mentioned this in the past is this is this a thing
so right now these agents actually have their own twitter accounts um so you can go find them on X, actually.
But in future seasons, when we have more characters,
because for future seasons, we are ideating basically,
once this new L2 launches,
then it would become a more stable company,
then they will need to recruit new people, right?
So it kind of turns into a different story arc, more like AI Office. And then at that point, we're thinking new characters,
you know, people can vote on them, and the most popular ones, they get to have their own tokens.
I think I mentioned that in our previous chats, but yeah, that's sort of the whole
to the Moon universe plan
once we're more advanced and build out season two.
When I first...
Sorry, I'm just going to jump in quickly.
When I first read the To The Moon application,
it took me a little while to get it.
I went back to it like three times.
And the reason it took me so long
is because it's just never been done before. It's something completely innovative. And I just like
clearly, you know, the ingenuity of creating something completely different. It's a new
entertainment genre. You know, it has a throwback to like choose-your-own-adventure books that people used to read as kids.
And it's completely DeFi native.
You need a token for this to work.
But it's a marriage between AI and crypto.
And the agents create the agentic part where there's AI and they're creating their own content.
It sounded to me very cool, but it didn't sound, it sounds like the kind of thing a lot of people
are working on right now. AI generated content, agentic created content. And so it didn't sound,
I thought it was like an AI play, you know, like, you know, just catching the AI trend wave.
like an AI play, you know, like, you know, just catching the AI trend wave.
And then when I really started to understand that it was also, you know, prediction markets
and a way that users can interact directly with the narrative and change the narrative
based on their interactions, it really blew my mind.
It's such a cool, interesting product. And I think we're going to see, I think this is like, you know, when you understand what to the moon is, you kind of understand the future that we're in.
You know, it's like, oh, okay, so this is just going to be normal in five years. This is everyone's going to do this in five years, but it's the very first time this is happening. And it's very cool that it's happening through the quadratic accelerator and it's happening on polygon well said tam yeah it's like uh it's it
it's i feel like you know i always wanted to be in like a charlie strass novel he was like kind
of an innovator of the early uh cyberpunk and augmented reality future and technological
singularity and stuff and um this project to the moon and and what ellie's doing it just it feels
like i'm in like you know he's the originator of the you know the old the actual larp the original
term augmented reality games where you're like you're kind of in the game but it's also a part of real
life and the the boundaries then get merged and you know it's like who knows a few years from now
what if the l2 that no one needs they launch is like a real l2 it's like reality is stranger than
fiction the most humorous is the most likely a la elon musk you know so so freaking cool i want to shout out harshal
our guy he said harshal can you give us an update on what you're building uh how it works how the
token plays into it so happy you came to share gmgm guys and uh first of all like and before i get
started a huge huge order to the moon, right?
I hardly get to see DGents anymore.
And I, like, you know, after seeing a plane like this, like, you know, that's really amazing.
And as a guy who has been building, like, you know, no-code AI agents before they were cool.
I mean, hell, like, you know, we launched a no-code trading strategy launcher back in 2023, right?
Where people could launch trading strategies, trading bots without writing code back in 2023, right? Where people can launch trading strategies, trading bots
without writing code back in 2023. Like, you know, it's cool to see it finally being adopted,
right? And like, so just a very quick intro about Zaid. At Zaid, you could launch trading strategies,
trading bots, social AI agents that can post video content, Twitter content, all across 34 chains.
You can do it all using a mobile app.
At Zaid, in the past two months, we have generated over 250k in revenue.
Our biggest agent, AlphaChad, was accelerated by the QAC.
and the product itself is doing good we have been getting some good impressions
And the product itself is doing good.
We have been getting some good impressions.
uh alpha chart trading uh agents like you know the trading strategies that will be
launched via alpha chad and like you know the revenue will will be plowed back to the alpha
chart holders are doing good just one of the strategies launched by alpha chad is the inverse
ansim agent that does exact opposite of whatever Ansem does is doing amazing and we got
strategies which are doing even better and not only that alpha chat was also part of the meme
coin battle by gitcoin where we placed i think sixth in that uh so a lot is cooking on the alpha
chat side of these things and i know like you know the product is doing good product stuff is
different but in crypto the product marketing and token marketing is different and let me tell you this to like you know all our
alpha chat holders to all the z holders i'm a dj at heart i am for meme coins i'm for all the dj
and i'm all for making money so trust me when i say this the polygon team loves uh alpha chat
the qac team loves alpha chat we love the qac team loves alpha chad we love the qac team
we love qac intern so if you want to make money the play is alpha chad it's a meme play it's an
ai play it's the zade play so that's all i'm gonna say buy a chad on on quick swap right now
you may never know like you know uh i always love graduating uh and like you know we will
definitely graduate very, very soon.
We'll go past the 10 million market cap.
And that's something it's just because we love winning.
That's the only reason why we graduate.
So yeah, buy AlphaChad right now because that token is going up.
Not financial advice.
Oh, gosh, I freaking love Harshal.
We're going to graduate just because we love winning.
My guy.
Love it.
It's cool.
You got to see the big picture of this,
and this is what hits me is like,
maybe not within everyone's lifetime on this call,
but within my lifetime,
we went from terminal interfaces, like text interfaces, to the UI, right?
This was the big Xerox park.
Steve Jobs went to Xerox.
He saw the first mouse and you were clicking.
And the movement there was from typing, reconfigured, carefully constructed sentences in a terminal.
You know, in a black and white screen, you have to write exactly right.
If one little thing is off, it doesn't work.
So like, oh, we'll make it simpler.
You just kind of touch the icon.
And this user interface sits on top of this and makes it easier.
And so we're going to the next level where instead of typing,
because complex actions or complex user interfaces now you
just speak and um and and zade is one of these things where you're like i want to trade but um
there's a lot of stuff to click and and what if i can just conversationally trade what if i can say
hey what what is what is this, what token is pumping today?
Or what's this other thing?
Or put this on recurring.
That's kind of where all this is headed.
And this is even confirmed by talking to some of my AI friends
and they're like, listen,
we're all moving into being data providers
because the big models,
basically websites and that kind of traditional SEO is going to wane.
And what's going to be replaced is that you're getting information directly from an agent.
And so data providers are going to have to pay to kind of be prominently placed within that model.
And so it's all it's all orienting towards an agent.
An agent will be like just a brand with a voice and a personality.
So it's getting deep.
Another project, Ancient Beast, Dread.
Are you there, Beast?
Yes.
Hello, everybody.
Well, that's good, man.
Tell us a short version of what Ancient Beast is and kind of what you've been building over the past couple months.
And Dread, Ancient Beast ancient beats the creator he was in
our season one yeah i'm back in season two now i refined my uh two three minute pitch yeah just
right a few minutes ago so i'm an indie game developer from romania here it goes perhaps
you're like me and you want to do some gaming after a hard day of work
with some unknown. A lot of games are behind the paywall. The game needs to be
bought or it requires a monthly subscription. Most Fripple 8 games require
expensive hardware, sometimes even very specific hardware, like a certain
console.
Many games have complicated rules and game mechanics, taking a lot of time to learn in
order to be decent at.
Multiplayer servers are filled with trolls and cheaters, using wallhacks, auto-aimers
and all sorts of scripts. I have the solution for all these problems
and more. A video game that we're building together. Meet Ancient Beast. This is a free
open source video game that's lightweight and always one click away playable right from
the web browser on pretty much any device with pretty much any input method. It is easy as you will go about playing a song nowadays.
This match based esport doesn't have any chance based elements at all and it's very easy to
learn, fun and super replayable.
Playable in 1v1 or 2v2 matches. Each player starts with a dark beast
that has a limited resource called plasma,
usable to either shield himself from enemy attacks
or to materialize a squad.
Ooh, I don't know if you guys can still hear me, but I think we lost Beast.
Sorry, my dear.
Oh, go ahead, go ahead, Beast.
What was last? My phone goes to sleep.
We probably lost you for like 10 seconds.
The first unit set has 49 units.
You can figure out what they're capable of by physical traits.
Even through the vanilla version of the game is free,
you can now get the beast token in order to receive even more goodies. You'll be able to customize all your favorite creatures
and unlock even
more combat locations and bonus original soundtracks. Participate in upcoming seasonal expansion
that adds alliances, tokenomics, unit breathing, town building and even castle sieges. Be able
to shop for digital and physical merchandise from our upcoming marketplace and if these clothing toys
jewelry stickers and more and since this is an esport you'll get access to the tech temple well
where you'll be trained by myself to become a professional player
that's it for now regarding the pitch awesome thank you Thank you. Thank you, Dredd.
The things that stick out about Beast is about how long,
how all this open source game has been being worked on.
And Dredd has devoted years and years and years of building this.
And there's a whole community here. And I think it even takes on a real interesting dynamic
because of the way AI tools have kind of elevated anyone to be able to contribute.
And so, you know, you can come in, see established game mechanics
and the accessibility of Ancient Beasts and actually work on it
and do a pull request and kind of, you know,
how many games can you actually be a part of its
development you know the design uh you know and and dread is like always pushing the the boundaries
of of what he wants to do and the first time we talked to him he was like hey we have this uh
kind of brain interface with the game and i was like what so he's on some crazy stuff it's very cool so
thank you dread appreciate that a lot okay we wanted to get griff up here talking about something
i don't see him added yet uh are you on there yet, Chris? Chris? Chris? Chris? Chris?
Chris?
Chris?
Chris?
Okay.
Well, if there are any questions or comments on any of the projects that have shared anything
yet, they can come from anyone, the audience, the other projects, feel free to throw up
a hand. There's a deep lore to Qwack that I feel like Griff is the only one who can tell it.
And I honestly, for me, we've been so busy building this thing and focusing on the main thing in front of us that we haven't even really touched on yet. And that's like the whole arc from the original DAO hack,
which was people wanting to influence.
Yeah,
let's go.
Tell it,
man,
you know,
the DAO hack.
And then like,
what's the arc all the way to Q act.
And,
you know,
just,
just give us the goods.
How about you fake me out?
Yeah, Graf, or am I rubbed?
Yeah, my Twitter is being a little weird.
I hear, like, a weird echo,
but hopefully it'll work out.
But, yes, so my journey in crypto is is uh is pretty pretty long um i i started the project in uh 2015 starting
with the dow and now i hear myself so bad. I'm going to rejoin.
Okay, cool.
Tam, as one of the other co-founders of QAC,
do you want to talk about your background,
like kind of the deeper lore on QAC and augmented bonding curves and all that jazz?
Yeah, sure.
I mean, I'll go into it.
You know, Griff is always like 10 times,
100 times more entertaining than me,
but I'll do my version too.
You know, I'll say the way I came into crypto was through this, the philosophy of disintermediation and cutting out the middleman and the extraction layer from peer-to-peer transactions, whether they're financial transactions or cultural touch points like, you know, artists and fans, music.
And so when I, you know, I think when many people come into crypto, they sort of end up doing,
being interested in like learning and speculation. And at some point, I really wanted to like build,
you know, I've built many different products, and I've worked with many different companies in the past.
And so it felt a little weird not to be building.
And I met up with a really cool group of people, Griff, Zargum, Jeff Emmett,
a really amazing group of people who were getting Common Stack off the ground.
And it was originally a research and development kind of focused energy
and organization. And then we really started to apply that to building things. And one of the
first things we built was augmented bonding curves. And some of the tools that underline one of the
DAOs called the token engineering commons, it was a commons DAO, which was a prototype of a kind of DAO that we were trying to build, focused on communities and open access
and participation for everyone. And so, you know, a lot of the fundamentals of the quadratic
accelerator sort of come from that initiative around the augmented bonding curve, for example, is like
foundational to the quadratic accelerator and how we're using it to be able to allow
access for everyone to, you know, early stage projects. And early stage projects basically mean,
you know, they're discovering their product market fit they are often founders with a good track record founders who have built things who know
how to build things who know how to execute and they're still early you know
so it's like they're feeling out where the what the product want what the
market wants from their product so maybe they're changing things maybe they've
like nailed it in the first round or in their first iteration.
And so a lot of these builders and founders, I mean, I think I consider myself one of these who was a small project.
And we didn't really have what I would say is like, you know, the time or the attention to launch a token, like the complexity of launching a token or the cost of launching a token, a lot of these things are just kind of beyond the reach of a lot of builders.
They're building a product, they're focused on their product, of their attention away from what they're building to suddenly designing their token economy and funding the cost of launching a token of having liquidity or having some collateral, some listing on a sex, for example.
So the cost and the complexity are outside of the reach of a sex, for example. All right, so the cost and the complexity
are outside of the reach of a lot of these builders.
So the Quadratic Accelerator offers a platform
and a program for builders to come into the accelerator,
launch a token economy.
They get bootstrap liquidity from the accelerator.
They get a token economy.
So like they launch a token in parallel,
they're just building their product. So they can stay focused on their product. They certainly
have to do like some marketing for their token, but they don't have to like stop everything that
they're doing, pivot to this token idea, and then go back to their core competency and their core
product. And they get to launch it with fair terms for all stakeholders. And I would say,
And they get to launch it with fair terms for all stakeholders.
And I would say, you know, for myself, I think for you, Justice, and certainly for GRIP too, that is the most fundamental part of our protocol.
It's fair.
It's open, it's accessible, and it's fair.
There aren't going to be a lot of insiders who get an extremely favorable token price.
who get an extremely favorable token price.
And then anyone who buys the token when it goes live, the TGE,
are treated as the exit capital.
So it's not a bunch of insiders getting rich off of the marketing efforts
and the community, basically the public,
who are interested in these projects, because the projects are
building really cool things. And the founders are really cool people with amazing track record.
So there is this legitimacy and credibility to the projects in the cohort, which attracts
people interested in getting early stake in their projects and the projects get to offer
their token use the token in their product and make sure that anyone who buys their token is
treated fairly and um gets complete upside in the success of their project and the uh you know
affiliated market move of their of their token as well.
I would love to zoom in there. That's
exactly what we
align with Web3Packs.
We've been building
a technology
for five years
or so.
The underlying
technology layer of our product has been battle-tested by the ups you know, markets, as we grow into an interoperable space, to open people's eyes to getting involved in crypto
in a really accessible sort of way.
And so what we're hoping to do with Web3PACs is give people a way into this very fast-moving and changing
sort of space.
How should I get involved in crypto is something that a lot of people ask themselves.
And we're offering a solution that lets people get a streamlined approach to, you know, access to these very diverse economies and ecosystems.
I really appreciate what To The Moon is doing, you know.
I really appreciate, like, this new incoming, you know, entertainment system that they're building, you know,
how nice it can be to, you know, be a part of an AI generated,
you know, like play by play kind of thing.
you know, like play, play by play kind of thing. What, what if you could like have access to,
you know, that show and like a whole network of shows that, of tokens all at one time,
you know, and we're, we're looking to try to make it accessible for people to like,
you know, get a subscription to these sorts of things, you know, in one streamlined process.
It's quite a complicated thing to imagine. But, you know, if there were a network of channels,
If there were a network of channels where people are all making these different shows of things that are happening, what if we could bundle these assets and then give them immediate access?
That's what we're here to do, I think.
Yeah, you can see this happening in a lot of places. I think Coinbase
just released the X203 or 204 standard where basically you can send fiat in through like
HTTPS, like over the normal channels. So it's like, okay, normal developers can kind of plug into crypto. And many of these big apps have introduced CIT onboarding to kind of streamline or even obfuscate it all.
I think Polymarket has been a shining star.
And it all comes back to like user experience, user experience.
It's user experience. It's everything. And I think Griff can definitely speak to that,
is how long he's been in this scene
and the importance of user experience.
And I'm excited to hear him talk a little bit about the DAO hack,
like what the original DAO was supposed to be.
And then kind of, for me, I think it's super symbolic.
And we're not going to go into details or anything,
but it's symbolic that we're here
with the qac and then there is there's a lot of parallels between what the original that i was
doing and what we're trying to do and like what the future could hold so griff are you there
yeah yeah i'm here i'm here and i think uh i i do see that quick swap has its hand up i just want
to make sure that like, you know,
I don't know if you have something to say quick swap
or if that's an accident, but feel free to interrupt me.
If you got something to add, yeah.
Yeah, no, it was actually going to be touching
on something that Tam said.
So it was really powerful that like, actually what happened
with Gridlock and Derek is you heard earlier that he wants to make everything as simple as possible.
Web3 is too complicated. Wallets are too complicated.
Launching a token, you need 3 million spreadsheets.
And the conversations that I've had there alone is insane.
So, yeah, basically, I think Dustin Lee in the audience
has been listening in.
He's got, like, a Web3 for the homies group.
So Derek was in that and was just like, hey, guys,
anyone got advice on launching a token?
And I sort of somewhat replied to it, and I was like, yeah.
I mean, usually it's just down to the tokenomics,
but, like, it's crazy.
There's no, like, it's a minefield out there.
So he basically just DMed me, jumped on a call, and he was like, look, I actually just want to do this.
Like, I want to build my product.
The token is crazy.
Like, centralized exchanges are just extractive.
Like, the whole sort of economy around this is just wrong.
And so I was like, boy, have I got an introduction for you.
And then yeah, here we are.
I really appreciate that introduction, by the way.
Amazing, man.
Yeah, maybe I'll just, can I steal it?
I'm gonna steal it.
I'm stealing it.
Just to go, because I've been trying to tell the story.
Justice wanted me to tell the story for like half an hour now.
But basically, I came into Ethereum on one of the largest projects, actually, Ethereum ever had, especially early days.
It was called the DAO, and it raised 14% of all ether in existence in it and then was hacked just a few
days later. So about three weeks after, after it launched and, but the goal of the DAO before,
and I managed, we managed to actually make it one of the only hacks ever that ever happened.
As far as I know, where everyone made money and everyone got
their money back we're able to as a community hack the hacker and and I managed the recovery efforts
from almost every angle to make sure that it all worked out great and it was a great success but
one of the goals of the DAO was really to be a DAO of DAOs and People don't really remember this, but we made the DAO in a way where it could split
off and create lots of sub-DAOs. And there would be, we imagined a world where there were thousands
of DAOs that spawn off of the DAO. And we were, our goal was to, as I worked for Slockin, we had
one company that we were trying to do one, we want to build
the universal sharing network, and make, you know, a network where autonomous agents and
like, whether you're a machine or a human, you could basically buy, sell rent, anything that you
want from anybody else, and really build a new more efficient way of sharing resources. And we wanted the DAO to kind of own it.
And then it became actually more of like kind of an investment thing where people saw it as a way
to invest in new projects that would come up through Ethereum and with kind of a, in almost
like what is considered now a venture DAO. And I see a lot of parallels to where we are with QAC from this early days,
where we're kind of a decentralized version of that same thing,
where we're finding all these great startups, all these great builders in the space,
and giving them an easy way to launch their own token economy.
Not every startup, what we've learned in the last 10 years is maybe not every startup wants to be
a DAO straight up, but every startup that does start with QI can become a DAO for sure. And they
have an easy way to just launch their own token economy. And we're hoping again to spawn the next thousand different token economies of small projects that want to give their customers an actual fair launch and build a real community organically using token economics.
The way I got here from here was my goal coming into this space was to build something
better than governments i've been um really pushing that uh pushing from every angle in
the ethereum space to make that a reality and uh my after the dow the first project we founded was
giveth uh and that was really to kind of dowo-fy charities and eventually, like, because the theory here is that when governments fail to provide value that society demands, people start nonprofits.
So nonprofits are actually a great way to, it's like the free market solution to governments.
And so that's where we wanted to start.
And we learned a lot of things.
Specifically, just giving a token to a nonprofit doesn't really work.
Where do they get liquidity?
How do they launch all these things?
And so I got really obsessed with bonding curves as a way to start low market cap economies.
And this is probably 2018, 2019.
And this is probably 2018, 2019.
We started the common stack.
And that is where really the research for QAC was all done.
We built out a lot of cool products there.
Conviction voting, the augmented bonding curve were probably the two most popular.
As well as we launched the token engineering comments using our, using our techniques, which the TC is still running today off of the hundreds of thousands of
dollars that they earned off of the, the mint and burn fees.
So their token, which is so cool. And so,
but then we realized we really need there's other problems that we can solve.
And one of the big problems that we see in this space is
how the grant ecosystem works. And, you know, grants are very similar to government funding,
which is why they're very interesting to me. It's like, how do we allocate capital to fund
public goods within an ecosystem? This is exactly the job of a government, actually.
And so working with Polygon in this case to figure out, hey, how do
we launch projects on top of Polygon that will add value to Polygon without dumping your token
on the market? Because most grant programs actually cause a lot of downward pressure on the
ecosystem token. And so we can actually create a way where we take the grant money, which is,
this is what we do in QAC, and we lock it in the bonding curves and we lock it in the token
economy of these projects. And that's a huge win. It solves the problem for the projects of getting
early stage liquidity so people can get into their tokens with size, without a lot of slippage, at a low market cap.
And it also solves the problems of ecosystems because they want to help,
they want to get awesome projects building in their ecosystem,
bringing value to their ecosystem, the network effects to their ecosystem,
without it costing so much to the price of their token,
you know, without dumping their token on the market
to fund the builders.
So we really created a beautiful virtual cycle with QAC.
And I'm so excited to see, you know, where we can take it from here and really blown
away at the success of season one and already the start of season two, how much demand
we can get for pull. I've actually seen where we get some backstage looks at these numbers,
and it's surprising how many people are actually selling Arbitrum and Optimism tokens to buy pull
and lock it in these teams' bonding curves. It's pretty cool to see.
A secret stat that I'm sure we'll talk about more
once we get the final numbers.
But yeah, it's been a journey,
and I'm just so happy to see QAC growing
and really taking this on
because we really need to fix how token launches work,
and that's what QAC does.
Yeah, Harshil, I'll throw it over to you.
Griff, I never realized you were a part of the DAO.
I was literally fighting with Joe Lubin about like, you know,
we were talking about the immutability of Ethereum.
And like, I mean, I'm a big fan of the DAO.
So I never knew you were a part of that.
You just wanted to say something like, you know, just,
yeah, I'm just really surprised to hear that.
And yeah, I just wanted to say something like you know just uh yeah i'm just really surprised to hear that and uh yeah i just wanted to share one update so i've shared like you know the zayt trading demo where you can deploy any sort of trading bots which includes arbitrage bots for
the qac that's a preset board that we're going to launch uh probably as soon as next week on the zayt
mobile app so that you can deploy like you know arbitrage bots uh to uh to like you know to arbitrage between different QAC projects and uh yeah snipe the
projects as soon as they come out the fastest sniping bots without writing any code only with
Zaid you can do that and I just and like you know the QAC system it's so complex that I just
understood it today uh literally I understood it today. Literally understood it today.
Like, I've been trying to understand.
Yeah.
Well, Harshal, I'm just going to say, probably a bad sign.
Yeah.
Yeah, but, and, you know, this is a really huge value in Harshal.
We should talk, man, because I definitely want in on those sniping bots.
This is a, people, we have, I think we could do a better job of really communicating the mechanism
because uh you know right now in for season two we're in this stage where um anybody can get the
same price for the token and so it's kind of the place in they get LOX tokens for the four new projects in this season.
And everyone gets the same price.
But after this, the matching pool that is distributed to the teams, unlike in a QF round, it doesn't get donated to the team.
Instead, it actually gets used to create more liquidity for the team. So some of the matching pool, about half of it, will actually go into buying tokens in all of these projects, which gives all the people who bought tokens during the QAC round a better price for their tokens.
They get like a better discount from what it's listed at.
And then we use the liquidity pools from the
matching pool to list the tokens and that's when the the snipers can come in and the speculators
and the pump and dumps the the crazy bonding curve launchpad gamers you know the the people
who are trying to game the system there they can buy a bunch of tokens because they know,
at least for these four new teams, the price can't go down.
So at listing, that's the lowest price that you can get liquid tokens at.
And then, you know, the price goes up.
Now, of course, the prices are all pegged to pull.
So if pull goes down, you know, the US dollar will can go down for these for these
tokens, but versus pull, the price cannot go down once it's listed, which is pretty cool. And that's
like the one of the magic things that people love gambling on with all these bonding curve
platforms. But with QAC, you know that at least you will not get rucked. All of these projects are super legit.
Real projects with real products that are building something incredible.
And yet you can, at listing, you can get the Liquid token at the cheapest moment right at that time.
So I'm so stoked to hear, Harshal, that you're actually building sniping bots just for this purpose.
I think it'll be a huge sell and it will definitely help promote.
100%.
And like, you know, till today, like, you know, I just had a project on QAC.
I have been deep into the Polygon ecosystem.
And this is my commitment.
I'm going to be one of the largest investors in QAC products.
The like, you know, all the QAC tokens.
Yeah, I'm absolutely
in for it. I didn't realize the season 2 part
yet, and I'm
gonna say another thing that might sound
too stretched out, but AlphaChat will
definitely be the first token to graduate.
And it's gonna be sooner than you think.
That's all I'm gonna say.
And that's the alpha for you guys.
Just for reference, I also
run a liquid fund by the side. So, yeah. Thanks a lot, guys. That's all I for you guys. Just for reference, I also run a liquid fund by the side.
So, yeah.
Thanks a lot, guys. That's all I'm going to say.
Love it.
Love it. You know, we got
a few prediction markets that are
part of this thing. We got Acheron,
and then we have a prediction market
within Tutamun.
So be careful when you're just like, hey, bet
we'll be the first because
we have tools to financialize these type of predictions so be careful there's a okay so
switching gears a little bit to Igor man our freaking genius artists please people listen to
what this brother is about to tell you when you lay your eyes on the grand timeline you will get
goosebumps up your arms okay so igor could you tell us as if this is a whole new audience they've
never heard what the heck grand timeline is tell them what grand timeline is who you are and kind
of what inspired this and a big big cherry on top would be like, what direction do you see things going in the future?
Thank you, Justice.
Hi, guys.
Do you hear me?
Yeah, loud and clear.
Sound great.
Cool, cool.
So, I'm a graphic designer and interactive designer and researcher.
I'm working on the grand timeline.
This is my, it started like a hobby project.
This is historical research about the whole story of the crypto.
And as a designer, I started it like an infographic, like a timeline.
I have a few layers.
And now it's just a huge static timeline in Figma, but I'm working on interactive version and something else, some new website when we can check all the info.
So this is my vision of how we can tell about crypto to new people, for example, who are interested in how it all happened.
I have a few layers on the timeline. The main layer is the main events, what happened and when.
events, what happened and when.
People layer when I have a main people who did the story.
The price layer with all data about the hacks and all bad things that happened.
And of course, it's an important part of the story.
The Grand Timeline is my attempt to make a source of truth about the whole story of the crypto.
And with the token, I have plans to make a special layer with limited access to the grant timeline and special activities.
And also now I'm working on the NFT collection just for my supporters.
So that's it.
Awesome. Thank you, Igor. So that's happened over a period of time.
You know, it's one thing to see this written down across various sources.
It's another to see a single linear high signal, you know, kind of artistic representation of this.
representation of this and we're super excited to see an nft uh collection come out of this because
you know people people get excited about uh you know penguins and um monkey jpegs but man i want
to wear i want to wear a griff shirt i want to griff's big I want his face on my shirt in the NFT, the one of one. And
Amin, some of my favorite people. So keep your eyes. Yeah, it's to be great. Okay, so do we have any questions or comments from the crowd?
Give me a holler.
What do we got?
Anything or any other projects you want to add, anything else?
All I can say is it's a good day for crypto as well.
It's good to be bullish.
And one thing that's interesting
you know if you're bullish on this market it's good to get in on these project tokens in qwack
because every time pull goes up one percent these tokens go up one percent as well i think pulls
pulls up a bunch today uh and so if you go to qwack uh qwack, you'll see everyone's market cap is pumping, which is so nice.
It's been a little bit tough out there lately.
But to see Bitcoin above 100K and ETH above 2K, oh, it's so good.
It's so good.
I saw the numbers go up it's so weird even if you think you're not attached to
like the uh the the market if you're like oh i'm not really attached when when everything is
pumping i could tell you i went for a walk with my wife and there was like a little like a pep
in my step but i'm like we got the space coming up. Exactly.
Exactly.
No, it's amazing. It's so funny how the mood shifts in crypto based off of these numbers on CoinGecko.
You know?
I mean, polls up 15% today.
That's so huge.
That's insane.
And that means basically anyone who bought tokens know bought tokens in qac those tokens are
up 15 today it's like a direct correlation i think that's really interesting so i know there's a lot
of polygon bowls out there well if you if you buy any of these tokens in qac you're getting like
almost it's almost like going long on pull with leverage in a way.
It's like when ENS came out, they sold their domain names, all the domain names for ETH in a way where you basically locked the ETH in the domain name in an auction.
And so the way I imagined it was like, oh, well, so I'm going to hold this ETH
anyway. I might as well wrap it in some other value, like revolution.eth, for instance, I ended
up with. And so it's like, okay, well, I'm just going to throw 12 ETH in the domain name revolution.eth
and the revolution.eth has value. And my ETH is like a long-term hodl and so if you're bullish on pull
it's kind of the same thing if you think web3 packs is an amazing project which it is it's like
you could just send a whole portfolio to your grandma and boom she doesn't have to worry about
anything and yet she's investing in all your bags uh you know you can wrap your poll in the value that Web3 PAX is likely to bring
because you're now you're getting in at the ground floor of Web3 PAX.
So it's a pretty cool opportunity.
I really appreciate this shout out.
And, you know, I apologize, you know, sort of my last answer was a little bit, it's, you know, it's like 5 a.m. here in New Zealand, and I'm doing my best to stay awake.
I appreciate you guys for hosting this international blockchain space for us.
So Mango, let me ask you, so you did the stay up late rather than get up early?
I did the stay up late rather than get up early? I did the stay up
late.
That was actually my question.
I was like, can I ask you that?
It's a little tough, you know, because
I just came back from a
really lovely meeting with
the director of
the New Zealand Blockchain Association here in New Zealand.
I just kind of landed in Christchurch today, you know.
And so it was easier to stay awake for the live stream before this.
And now the two-hour Twitter space, but it's like, you know, from 3 a.m. to 5 a.m.
It's like, do you wake up or do.m. to 5 a.m., it's like,
do you wake up or do you stay up? It's a little bit tricky. So, you know, I hope you'll excuse
a little of the nuance of that circadian rhythm process. But it's really been a pleasure to be
here. And I really love hearing about all of these other projects that
have been part of the QAC
accelerator.
We would love to make a Web3
pack that
bundles all of these tokens together
so that you can be a part of
every season of QAC
as you get onboarded
into the QAC process or
as you get onboarded into any part of Web3.
Can I ask you to tell us a little bit
about how Charged Particles ended up launching Web3 packs?
Yeah, so Charged Particles has been a technology
we've been building for quite a while, since 2019.
I've been a part of the project since 2020 and the idea of turning an NFT into a smart wallet into
a container that can hold other tokens inside of it you know so the NFT is this
transferable token this object that can hold other tokens inside of it. So the idea of an
index or an ETF, you know, becomes much more self-sovereign where you can have a bundle of
assets, a starter pack, you know, like a little backpack full of your favorite tokens inside of this transferable object that is an NFT.
And that whole process of buying all of those assets gets consolidated into a really streamlined process.
You know, in the traditional finance world or even in early crypto ETF ideas, owning a piece of a portfolio, really you have like one ERC20 token that represented your share in some big pool of assets somewhere centralized or at least decentralized. It's like a single point of failure.
But with Web3Packs, you have true ownership of these assets inside a little NFT smart wallet that is yours to own.
So, you know, at the moment you purchase these tokens, you get this bundle of assets that are truly yours, you know, rather than having just like a little slice of this big pie somewhere else. forwarding the ethos of the crypto mission of the blockchain and helping people get access to
bigger ecosystems, whether it's the QAC ecosystem, whether it's the Polygon ecosystem.
What are your favorite Polygon tokens? What are your favorite QAC tokens? What are your favorite AI tokens?
You can bundle all of these things
into one sort of object on chain.
And that's what the charged particles protocol
made possible.
We've been building that for the last five years or so.
And now turning it into this scalable product that is Web3 packs.
Yeah.
You know, one aspect of this product I find super fascinating
is that you can do time-lock backpacks, right?
So you can zip a pack of a collection of tokens
and then make it so you can't unzip it for a period
of time.
Is that correct, Mango?
Yeah, that's right.
So, and we, we build an incentive structure around this too.
So we encourage people to buy these packs and lock them for, for long periods of time.
You know, you can kind of earn extra pack tokens and such.
extra pack tokens and such. That's the mechanism of the token, you know, is that you can build
these custom packs, you can refer your friends, you can build these portfolios, these strategies
that you think are kind of the optimal, you know, investment angle for a particular time.
And if someone buys them, you know, there's this mechanism that the token works in.
But getting this recurring system of people,
yeah, like buying packs
and having the, but having, you know, the, the pack token really like makes it much
more customizable where you can kind of like, this is the strategy that I think makes sense.
And this is this, you know, the strategy that, that, that this entity thinks makes sense.
that this entity thinks makes sense.
The PAC token really forwards that process.
And we're looking at AI integration
in terms of risk analysis and market analysis
of what portfolios are really doing the best, you know,
like what do these 10 AIs think is the best strategy of an ETF sort of approach?
And yeah, that's where we're looking forward to.
Man, that's too cool.
I mean, you can already imagine kind of the composability between something like a Zane and Web3 packs where, you know, their AI agents are creating packs, selling packs.
Other AI agents are trying to evaluate.
Like, it's just, to is the the attractiveness is the simplicity
and accessibility whereas right now if you want to create something um you know you can launch an
nft collection you can do that on openc um you can't just create tokens out of thin air just like
just do it for your keyboard right but it's the but it's the idea of like, you almost create like, uh, these, um, you know,
time lock tokens and a backpack and like all the, that allows like a normal person to be able to do
it. Just it's, it's money Legos, um, that it's, it's unusually more accessible than it has been
in the past. So that's very cool. One, one of the things with the time locking is uh you know we incentivize
people to um to yeah to like buy these backpacks and and kind of lock them up for periods of time
and and the benefit of that is that all all of the tokens in that pack uh get uh like a deepened liquidity and then also like a stability across all
of those tokens.
So say like your top four DEXs or your top four meme coins, all of these tokens get purchased
and then locked for 12 months.
So no one is selling them for that period of time.
So it kind of encourages like a lateral growth
of the whole ecosystem together.
And we're looking for that kind of cooperative
interaction between projects and the ecosystem.
Awesome, Thanks. Any comments or questions from anyone else?
Any further color or insight occur to anyone?
I mean, I might, I might turn this around on us. If you guys are up for it,
you know, I'd like to ask my co-founders, Ujustice and Griff, you know, we've come a really long way
since we originally designed this,
wrote and published the white paper,
like before we even started really building it.
You know, a year, a little over a year.
I'd love to ask you guys, what didn't you expect?
Like, what took you by surprise on this journey
between like where we started and where we are now?
Awesome question.
Is Griff still up?
You want to go first, Griff?
Sure, Matt.
You know, I was really surprised at the caliber of teams that we received in the cohort. And, you know, I think part of it is like
such a low market cap and such a sweetheart deal
for community members coming in the first time.
It's like to see these epic startups
even offer their tokens at this low.
I just didn't think we'd get such quality teams.
I mean, not just these first four either
like the the first cohort has so many rock stars grand timeline and harshal and like prismo is
launching their l2 like governance token through the gas token actually uh through qAC. And L2 is launching their, like, I just didn't,
I couldn't have imagined that we'd see
such a high caliber of teams.
And I would have thought actually
it was going to be a lot of public good projects
and, you know, projects from my ecosystem,
which are also super quality.
It's just, we have such a diversity ai projects
l2s i mean d5 projects wallets um you know nft projects it's uh it's it's pretty cool it's been
it's been a fun journey justice yeah i would say um i think just you know uh if if if we had launched qac you know like two or
three years ago um it was it was just you know with time the tooling gets better um but the
expectations of what people expect from a product get like higher and higher and at this stage if if your
product if your you know web3 product is not smooth as butter with a great user experience
and fully thinking about just not like non-crypto natives or whatever um i just don't think i'm not sure you're going to
survive like you may have a shorter time span you can survive for a bit but i just feel like
that gap is closing so fast and like ux is king and i know you know obviously we learned stuff um
uh since the white paper specifically we've like dramatically simplified the mechanism
we had um we had a whole separate category in season one for like early access so it was like
a gated access and then we're like well there was so much complexity brought in by that and
not a lot of people took advantage of it so we're going to take that out and it simplifies everything simplifies marketing simplifies the product and makes a cleaner messaging like spare launch no
asterisks no fine print on exactly what that means you know so that was that was cool and um
and then you know um yeah so we've simplified the mechanism, but the edge now is what is the premium user experience.
The big thing we added for Season 2 was this chain and token abstraction.
And so before, users had to have the right token on the right chain.
It would go through all this, and now it is kind of crazy.
You can go there.
I think Griff dumped a bunch of Elon token. go there i think griff like dumped a bunch
of elon token i didn't even know elon token was a thing and he just like it was like yeah and then
it happens fast too you know i'm used to kind of the bridge experience of like come back in four
hours and then maybe sometimes you can refresh the screen and it's like if you don't see your
thing don't worry your money's not lost trust us i'm like oh my gosh you know so it's like if you don't see your thing don't worry your money's not lost
trust us i'm like oh my gosh you know so that's like some bridge experience with this it's like
i'm talking like a couple seconds like a normal transaction and this thing is hopping across and
like that's a long way but we want to go even further want the feed onboarding we want the
in browser wallet like we're gonna get there and we're racing there very fast and so that was a lesson there i'm like dude it's discovery it's the experience it's not all
just mechanism details you know totally and and you know one other thing was like layer three is
epic layer three is like a huge power powerhouse of a protocol and um the the way that it worked for us in the first
round it was so amazing and now round two it's the same and and we were inspired to add points
and the points are really interesting because if you actually use layer three and then participating
qac you get a big bonus and if you spend and if you buy
more tokens you get more of a bonus on the points and you know we're very excited we might i will
say that qwack is like very much a fan of tokenization i can't say exactly uh you know if
if we're going to tokenize or not, who knows? You know, but...
No, no, no, you can say.
You can say.
We're all friends.
We won't tell anyone.
Who knows?
Who knows?
Like, you know, we can't, you can't put these bets on anything,
but these points will end up, you know, being pretty interesting for people.
So you can definitely play the points game with QAC.
And I think that's really powerful.
The whole idea that you can,
by participating in a protocol,
that you become an owner of that protocol
is something that I've always really loved.
And it's so great to take the points system
and start applying it.
But maybe I should turn it back on you, Tam.
What's something that you were surprised about?
Ah, I should have been ready for this.
So off the cuff, a couple of things.
One, man, it's hard to, you know, the challenges, the hustle.
I think it's really hard.
I think what really surprised
me is how much we can accomplish with a small team and great partners. You know, I think we have
really great partners who've been very supportive and we have a very small team that's just like
100% every day. And I think that's like, I think we embody the builder mentality. And I think that's like we, I think we embody the builder mentality.
And I like to describe QAC as like a token accelerator for builders by builders.
And so I think that's one of the things that surprised me.
Maybe the other thing is, you know, I'll double click on what you said, Griff.
It's the caliber of projects. You know, in the beginning, I think we were trying to kind of like figure out whated in a little bit on the maturity level of the project itself.
The track record of the founders, of course, became really important as well.
And then I would say in the second cohort, like application and interview process, I think we kind of really understood the projects
that can be the most successful using this protocol. And so I think that was something
that surprised me is I think we had, I might have thought it was projects that were even a little earlier, but there has to be some kind of dedication,
there has to be some dedication, long-term commitments, you know, founders that have
been building this and they're going to continue building this for a year or two years and they're
really long-term committed to it. So I think you're just discovering exactly and honing in on who the perfect kind of project is.
And then the people who are buying these tokens, the community of the projects themselves,
people that are interested in the mechanism as well.
But I think it's mostly due to these projects having such a compelling use case, such a compelling value proposition that excite people to buy their tokens and to be part of that project's really origin story.
This is the origin point of their token economy.
So anyone in the public who are buying these tokens now
automatically become part of this origin story. And then, you know, with the success of these
projects, you know, participate in the upside of their success. And I think, yeah, I think it's
just, I think it's amazing. I mean, it sounds ridiculous now, but I think it's amazing how far we've come in just one year.
And I will also say like such good things to come.
So excited about the next season that's coming up.
So excited about the new features that we're building
and the new platform that we're building
and the next cohort that we'll be welcoming
and the existing cohorts that are going to continue to build.
So it's sort of like looking back and the surprises,
but I'm really excited for the surprises to come
and the surprises that we have in store for people.
Yeah, awesome. And maybe one other thing that kind of came up is, you know, when you're building software, you know, the earlier you can make a change or correct something, the cheaper it is.
The later you have to correct something, the more expensive, right? And so like finding a bug in production is more expensive than finding it when you're actually building the product.
And in crypto land, this is like amplified non-steroids.
And so if we would have tried to do all this thing as a total greenfield project, it would probably frankly have been impossible.
frankly been impossible.
And so the fact that we partnered so tightly with inverter and
their parameterized bonding curve infrastructure,
it just has made so many things possible.
We're exploring like, hey,
maybe our hard-coded graduation parameters,
maybe they're not correct.
And if we had done all this homegrown,
if we wanted to change that,
we've had to make a change, then get another audit and kind of like, you know, we would have
been smoked on a single change. But because our infra is all parameterized, we can go and make
a change and say, hey, we can introduce like KPI graduation, not just a hard exact number.
Or we can experiment with stuff like yield bearing bonding curves and like i'm leaking
all kinds of cool uh you know stuff here right now but you know it's like cool stuff that you
want to lean into it's like it's like having really good uh devops if it's great then you you
close that feedback loop and you can experiment more and do stuff and it's fine because if
something doesn't land
your one pull request from fixing it pulling it out or feature flags or whatever so it's cool
um one one point i just want to maybe uh close on as far as this point is one thing that surprised
me is the camaraderie between ourselves and these projects It's not as though QAC is some big dog who has
it figured out and has total PMF and like, hey, come here, we got it going. We're a dang startup.
Like we're figuring this out and we're building on a lot of established science, but we're
in the trenches, not in word only in reality. And honestly, when we have our mentorship calls and
weekly syncs with all the teams and stuff, there's a deep camaraderie because these other teams are
trying to make it too. And they're trying to figure it out. And so kind of sharing tips between
us are like, Hey, do you think we should try this? I'm like, yeah, let's try that. And there's a true community, not the kind of fake community of like we all have the same PFP or whatever, but like for real, like being in a similar place trying to do great things.
And it's tough.
It's a grind.
You know, I was at Polygon Labs, a full-time employee for two years before leaving just a couple months ago to focus on this full-time.
And, you know, easier said than done when you're like in the seat doing the things.
It's in the arena.
So big shout out to all the teams that are building, launching their token on QAC and it's a real sense of a shared purpose here.
So any final thoughts, questions, comments from anybody?
You know, just like really grateful
to be a part of this cohort and this space.
And yeah, thank you guys so much for hosting such an amazing program and facilitating all this.
Yeah, definitely second that.
Yeah, thank you so much. It's really been an honor to be part of the cohort and working with everyone.
Thank you so much.
Okay, thanks all.
If I knew how to play outro music, I would start playing it right now.
We'll end on that point.
But anytime I play outro music, people complain because it's like dubstep you know kind of heavy and they're
like hey i like music that doesn't give me a panic attack i'm like but i like it gets me going you
know so on that point thanks for everyone who joined who shared check out q act the round ends
um runs through monday and um in season one the biggest bulk of activity happened in the last few days.
Check it out.
Check out the Layer 3 class.
Get up to speed.
And awesome.
We'll see you.
Some of our projects will be featured in the aggregated space tomorrow as well with a focus on privacy.
So be sure to hit that up, and we'll tweet about that too.
Thanks, all.
Appreciate it.
Thanks, guys. Thanks, thanks guys have a nice update
