Hello everyone, I'm Johnny from Cornix and today we're happy to feature in our Cornix spotlight series. Before we begin, I want to remind you that we will randomly select participants who stayed and gave 3 out of the AMA to win the exciting prize.
Also, please feel free to comment your best question. As the top question, we have a chance to win a total of $500 USD. Okay, let's start. Let's invite out today's guest, Kuvi.
All right give me a sec good evening.
Hello, good to see you guys. How are you?
We're doing good. Okay, so let's get started. Let's introduce yourself Sure the everybody my name is a groupie crisp. I'm the founder of the snack I'm an engineer and a product manager. I started crypto in 2017
and I focused on Cardano for the last three years. I've been known in the Cardano ecosystem for mostly for NFT. I was doing a lot of analytical, analytical threats on Twitter and yes, the by step I became a really active
community member. So yeah in the past two years I made a lot of connections and across all community and founders. So yeah I recently launched this new MIMCOIN project two months ago and yeah I'd be to be here.
Nice and toxic. Okay now let's jump into the question. Okay, in the world of crypto meme cons they have managed to call for market for themselves and the popularity of scrolling is potentially like really fast man. What do you think contribute to the appeal?
Sure. So meme coins were a lot popular because of the cultural reference of the memes. People can really engage in a unique way with them. So it's
easy for community to be, to create something around a meme coin. It's much easier to have something in common about a meme coin than a defy protocol, for example. I think the meme coins are also very, yeah.
I think people like Mimcoins because they're accessible, so there's a low barrier venturing. People are loved to speculate around them. So because they are usually very low price people are seeing them as an investment
opportunity which sometimes is not a good idea but yeah sometimes some some great thing happened but yeah I think India and I think meme coins are there because they create a buzz they can spread very
easily and people just want to have fun and I think wincoins are really good for that. Yeah and I personally I believe wincoins is part of our culture like it's not just part of our culture it is our culture you know yeah there are reasons that making us light a wincoin yeah I agree.
Okay, so can you please share your thought on how mean course lights neck can maintain your value in the long run different the nations very fall at time Yeah, so Mute coins are are about the community so if you want to be
there in a long time, I think it's really important to focus on that topic. So focus on community building, on having a strong and engaged community. Once you have that, I think you want to reward your community in a way, so give the utility
and like real world integration to your token. So your elders are feeling that like it's they can have more than just this community and good vibes. I think also you need if you want to be there for the long term you need to be
as a product manager and how to manage a meme coin, you need to be really innovative and you need to add that really fast because things are happening really quickly in crypto. So as a product manager, I would say snake
I don't want to put myself in the corner. I want to be ready to change direction once if something happens. So it's a lot of risk management on my side and transparency because it's a mean coin.
You try to expand the business a lot because I say business but I try to expand this Bitcoin a lot and to create to come up with more stuff But this comes with with bills to pay and and we're a meme corn so we never raise money So the only way we can pay for these things is to
to sell some token. So it's a big challenge sometimes. But I think it's part of the reason why some meme coins can live for longer time and others will just die. So it's like risk management of your
funds. And I will end this question by saying that for me the number one goal will always be to keep our orders happy and entertained. So we are a name coin, people must have fun and it's important that we stay in a place
positive and driven. So it's really something I try to push forward a lot in our social media, so in our discord, Twitter, and TikTok. Nice. Okay, so yeah, I believe it's kind of like add on the question. So what defense
snake from other mean combs in the market like what you need found the supreme to is older so the question is what differentiates snakes with other mean coin I would say we are different by many aspects one first
thing we created this coin in a complete bear market in a completely negative atmosphere two months ago. It was like the relief that I felt it was like really when that everyone was waiting on. We were the first meme coin on Cardano to
that comes from the ecosystem, meaning that or common or logo the snake is something that was created in the ecosystem, in the NFT world of Cardano. So it was something that the people were here
could familiarize with it easily. We were also super decentralized in a fair way since the start, so we created this new token armic structure and pre-sale model that was not happening on Cardano at that time.
For me, it was important that we had, like, that it was fair. So I took 0% of this supply when we did the initial length. I bought into pre-sale like everyone else, which it's fairly rare in
and in token in general when there are a lot of new stuff. But we did that. And I would say another thing that differentiates us from other meme coins, at least from Cardano, it's clearly your trading volume.
In the past two months, we have been mostly number one in daily creating volume like each day. And we created record of volume both on the daily and on all time volume on the chain. So just as a reference, the second
Right now we are the most free-ded token on Cardano ever But the second one is World Mobile token and World Mobile token was there has been around for 18 months and as a trading volume of 250 million ADA in 18 months
And we have been there for two months and today we just crossed 700 million in trading volumes. So it has been insane. We are trying to push boundaries and cardano every day. We have four centralised exchange
And at the moment, we have our energy drink. We have a professional esport team. So PUBG, we have burn mechanisms. So just a quick touch on those mechanisms is those are our services or games
that are in our ecosystem and every profit that we make on those services or games, we use them to buy snake from decentralized exchange, which creates a constant buying pressure. And we use those tokens and we just burn them. So it decrease the supply and
And because we're buying token from ADA from our profit, it's possible to create this burning in a sustainable way. And so yeah, I think this is what differentiates us from other mean coins in the market. Wow, man, that's, I mean, the fine community.
remember I'm definitely happy to see that the borrowing value of the borrowing numbers and buying the coin. Yeah, that's also people in person as well. Let's, when we talk about a community, we all know like, communities literally to pop relevant that make up a good meme course, right? So what kind of
community engagement initiative makes plans to undertake the foster a good and strong community. So this question has been asked a lot before. As always, our community is extremely important. Without them, we would not
We are talking today. Our team comes from the NFT space. The whole team that we have at SNCC, we were all there from a long time, from the past one or two years. We know how it worked.
We know how to make this, we know how to make the community happy in a way and we try to apply it into our community. So we want to have like constant communication. I want to be near the the elders in our discord and in our Twitter.
Always listen to your community, put them first, and make them part of the decision process. So we can also engage in with the community, so we are doing contest challenge, raffle, we are doing all of that the most.
at the best interval that we can. And yeah, so our community is important. They are our best marketing ally. And when the community is happy and we all focus on one common goal, it's really when we are able to create something
big. So when all the community is pushing on something, on the same thing, that's where amazing things can happen. So it can turn the project to a movement. So that's really what we want to try to achieve with the community.
So like with the region happening with finance and the top funds that being being involved in the SEC happening. So what are the issues on the regulatory landscape for meme cores? Like how does Nick plan to navigate the potential regulatory challenges?
So the question is mainly about or regulatory challenges and security around SNAC. So we are following closely everything that is happening in the market and very early I knew that regulatory
a lottery topic would become important. So I really soon love to help us navigate through it. So with this love firm we set up a snack to be fully compliant with world regulation around crypto.
Our main company responsible for issuing snack tokens is based the British Virgin Island. And we have also like other entities to manage the IP, to manage the trademarks and to manage that we are a team that is coming from all over the
world. So we have to be able to pay bills and stuff like that. So we are now fully compliant. The legal structure is complete. And we are also working only with
with suppliers that are compliant to. So we're working with partners like Sandis who have changed now or any centralized exchange. So we need to be ready for working with them. So that's why we are also compliant with world regulation.
So, can you please elaborate on the potential use key for a snake by how
How does Nick extend beyond just being a meme like you have the youth cable for a community member to keep engaging? Yeah, so I think one way to to expand from just being a meme coin to something else is is when you can achieve to to turning
to a brand. So when the community start to push that brand around the meme coin, they also become your ally and they become to work on their side to push the brand forward. So our team or job
is to help the community achieve that. So we are creating initiatives like energy drinks, like the, or esport team and other stuff that we, but we think the real organic growth of transforming this meme coin into a brand welcome with the community itself.
So we want to encourage that. And another example of a way to turn a meme coin into something more than just a meme is when we start to be integrated in real world application. So by a real world businesses, and this is exactly what we are
trying to achieve right now. So today we announced a new partnership with ChangeNow. So ChangeNow is a service to exchange Fiat and crypto. They are 4000 partners around the world and they list
more than 800 coins and you can exchange whatever coins you want from asset A to asset B and you can also exchange it with the at money. So it becomes really easy to integrate that into businesses. So for example, the change in
how API is working with ledger, with treasurer, with exodus wallet, and with Shopify. So businesses can set up their Shopify account and they will be able to accept SNEC as a payment.
If they set up the change now API to do it, it's possible now. It will be possible once we will be integrated with change now.
Any other exciting content or another potential punishment on a horizon? So the community that should look forward to it's other than the change now? Yeah, so I always say to our community that the team will always do underpromise for my
and over-delivered. So I don't want to say too much here, but we, I can say that we are always in communication with centralized exchange. We know that our community for them, it's important to have new listings and for us too. So we're
We are always pushing in that way, but we are also really careful with the ones that we want to partner with. So just as an example, I have multiple messages each day of listings on exchange, but there is a lot of exchange.
and it's not every exchange that will be good for your coin so we want to be really selective with it. Outside of that the first week of July should be really fun as we are preparing to launch two major release so we will have
or energy during pre-sell and the new website that will be released with surprises along the way. So the new website will come with an arcade section where people will be able to participate in a weekly raffle. There will also be a game
that they can play. The tomorrow we will be launching or sticking pulled rewards webpage so the people will be able to connect directly to it and it will be able to claim reward snake rewards tomorrow it will be live.
So for everyone that is not staking with us, go check out or stcpool and go stc with us. It will help us burn more tokens which should increase the value of the remaining tokens. So it's good for everybody
and everyone that that's staying with us still gets his typical ADA reward. So it's just a bonus on ORN to burn some snack. And lastly, tomorrow we will also announce our snack energy pre-sale date. So we will
Lungi exact date and exact detail of the presale Which will be next week next week and we will also release a brand new teaser for it. So it will be fun Wow man, thank you for all all about this, you know, like I'm sure the community is happy to hear that so guys, please
But look forward to the update especially tomorrow and early July Okay, okay, I see the next one is more about security like how does Nick plan to ensure the transparency and security for the holder like while there's a growing concern about the scam in the Mimcon space, you know like
Like we've been heard a lot of game especially in the middle corn. Yeah, so I think this one because I was known before creating before creating snack and because or our team members were also known it was something that was more easy for us.
So, because we were like known in the community, I think there was some trust in us already. And also because our tokenomics were very fair and we were decentralized at the start.
I think this decentralization also helped us a lot when we started. On another topic about security, as I said earlier, we are partnering only with legit projects and suppliers. We have two over T-
member that are focusing on mostly on security and infrastructure. We have secured all of our liquidity pool tokens in a multi-state wallet. Because we have our tokens from the initial launch
In a multi-seq wallet, it makes it impossible for us to bridge out the liquidity. So we are in a way, we cannot brog the project because there's no way for us to bridge out the liquidity from the decentralized exchange. To redraw it, we need to have a
signatures out of five and two of those of those five are held by a two-known community member in Cardano. So one of them is the Bastien Gimmo, which is the founder of the Milco Meda and Dixies Park. So he's really famous in the ecosystem.
and the other one is Dave from Derbbert, so he's a founder. He's been around also for quite a long time. So these two people are really trusted and we're happy to have them within our multi-sig wallet. It's another security measure that we created for
for the community. Nice. Oh wow, I see there's some related questions. Like you just answer. Yeah, but let me put this behind. Okay, so you know, like right now, like Mimcon was just the longest, just the small base. You know, like Mimcon was more like the bottom line of the Con
while people said back in 2017. But right now, you know, like no one can take no one's calling it like. The main goal has been making a huge impact on industry. Can you please share your thoughts on the impact that is making on industry? Are they merely passing by or they're here to stay and will keep growing? No.
So I think Mimcoins have helped the market grow in a lot of ways. They are popular, they are attracting a large and enthusiastic community of investors. So India and I think Mimcoins are really good for the ecosystem.
system. Like I said earlier, they have a lot of personal things related to them. So you feel more closely closer to a mean coin than a defy protocol. So it's easier for people to understand where they put their money in a way.
But I think the majority of meme corns won't last a lot of time. They will have a very short life and eventually fade away. I think only some of them can be powerful enough to survive in the long term.
And I think one of the key factor for this sustainability is to be able to evolve, to adapt, to provide tangible value beyond just being a meme. In our case, in our case on Cardano, we have seen a lot of meme
coins trying to keep their initial volume alive and to have this hype. But so far we are the only one that was able to sustain a constant trading volume for such a long period of time. So we've been here for two months and we've seen a lot of tokens that launch.
and they were up for like one week, two weeks and then they just crashed, crashed back down. So, and the volume is just in existence. So, I think we are a well positioned to continue on that path. Nice. Nice.
See a strong thing that happens to fade and go yeah, that's also true. You know a lot of people They lost in their faith because the moon won't just crash I don't leave on the reason, you know, yeah, okay, so To add on you know like what was your f5 to someone who's very new to me in course like they like assumed they literally know nothing about me in course
What should they or how should they approach investing in this place? Yeah, so I would say before investing in any tokens or in any meme coin per se just take the time to to research I Understand what you are putting your money on and
And also understand the risk. So mean coins are extremely volatile and it's in speculative. So if you're not putting money, if you're not aware of that risk and you're putting money that you can afford to lose, it will be a problem because it will quickly shift to an emotional state.
and you won't react in a good way and it will probably end up in the bad way. So I always say to the people when I was writing some threads about the NFT project, I always stay state diversified and it's also
real with meme coins and defy token. So don't be too exposed to only one coin. Create a portfolio that is good for risk, good for diversification. I would add also to create some realistic
expectation. So there's a lot of misunderstanding around MIMCOIN because the price of MIMCOINs are also relatively low in general. People think that they can increase the price to like one cent, one dollar, but they don't really understand that if the price
is going if the price of the token is going to to one dollar for example it will mean that the value of the new coin will be like extremely high and will possibly be higher than like cardano or Ethereum so it doesn't make any sense so people have to understand that and and that
Realistic market cap expectation and not focus on the token price I will say also learn to take profits It's always good to take profit because you will feel more more secure So you will you won't react back
when something goes down. I always ask my this question myself so when I have an asset that I hold and I'm not sure if I should sell I'm always asking myself "Kid should I buy this token right now? What I buy this thing right now?" So at this price
So if the answer is no then it means I should probably sell some or I should look at it in a more focused way. And I will end with this last advice so remember to have fun. So if there's no fun I don't see a point of being
involved in the meme coin it's it has to be fun so it's it's really important thank you thank you so much good be okay now so wow I see a lot of good questions being asked in the comments section let me let me read it do you want by one yeah it's quite a lot it's quite a lot okay so
I'm going to share the first one he seems like the loyal fan. Okay, I'm going to read it word by word. So he said I've been with the community since the 30 and it's a community like no others with all these the legendary Mechanism and onboarding initiative. What else can we predict in a foreseeable
of continuing to on more non-cutter uses and get that with Philly with snake. It sounds like how snake can Philly and wish out to the non-cutter users. Yeah, so we have to try to answer this with
Of course, our social media, so we are really active on Twitter. We are active also on TikTok. We are starting, so we are trying to really ramp up on that side. We think we can create a strategy where TikTok can really be
can really drive a lot of visibility for us. So we are currently thinking about how to do it. We are working with someone that is really good with it. So he knows his way around TikTok. So we will be trying to
We'll be trying stuff around it in the short term. Also about driving adoption, as I mentioned earlier with a new partnership with ChangeNow, I think this can be really interesting because as soon as we
are integrated with change now. People outside of Cardano will have an access to the token that will be really easier than today. So today you have to, in order to buy your tokens, you need to own a Cardano wallet, you need to
to know your way in the ecosystem, you need to know how a decentralized exchange works because most of the trading occur on decentralized exchange. So with change now, it will open the door to a whole new ecosystem and all of those third-party
application that are using change now will be able to list us in their system. So a good example for it is Exodus. So Exodus is one of the most famous wallet in the crypto space. And on Exodus you can
directly trade and buy crypto in your wallet with the credit card purchase or like wire transfer or interact but the main point is right now there's no possibility for people with Exodus to buy snack and the app
have to buy ADA, they have to transfer their idea to another wallet, and with that wallet they have to connect to decentralized exchange. And it's a long process. So at the moment that we are integrated with Word for the application, it will be much more easier for people to
to unbord and also for a lot of new businesses can start and they can embrace this new trend of snack and they can have their or token as a payment option.
Gotcha. All right. The second one would be can you tell us more about your team and the tech background in running the podgeous successful? I know you mentioned about NFP the whole team is from NFP. Can you please elaborate more on your team background? So we
I would say that we are about, we are eight people in the core team. So we have two people, two devs that are coming from a JPEG store, which is the one in the most famous NFT
exchange an NFT market store on Cardano. We have another dev that is coming from Chilcon, he recently quit but he is building another company at the moment which
is iceberg labs. So it's really focused on the infrastructure, on creating bots, on scanning the blockchain, integrating the blockchain into a backend application. We have another people
Another guy that is working on a jungle CNFT. So jungle CNFT, it's a nap where you have all these different data. So again, it's back in infrastructure. It's a mix of
So we have access to all of this team. We have people also who have a big business expertise among our team and also among our investors.
I'm a product manager in real life. It's not something new for me. I'm used to work with a lot of devs.
to develop application, backend front end, go to market, publicity, finding the right users. So this is my core job, I would say. So yeah, I think all of our team is really
Well position and everyone has its own strength and that's why we work so well all together we everyone knows this place and they are the best in their field.
I see some questions about the banana king and a Maori king, so I'm going to compile one at once. So first of all, why did he chose to download the first phase? Second one would be any plans for snake to go Maori change in the future to cover other changes.
community and lastly what is the challenge or obstacle that on choosing to download change? So why did we choose Cardano? It's because all of our team members are coming from Cardano. I
I was in crypto since 2017, so I was able to see to be in Bitcoin in Ethereum. I saw the whiteboard video from Charles Schinzen a while ago and I thought that this was fantastic. I thought this was the next big crypto
So for me it was really interesting and I really liked the community in Cardano more than Ethereum because it was it's more it's smaller. There's there's this I don't know the word in English
but like if you have the sounds which is like this sparkling energy at the beginning of something so you can you can feel it on cardano because everything has to be built and so it's fun to watch all this development activity come to life and and all over
team where are in the same place as me. So for us it was really an operator to choose Cardano. We really think this chain is something special and it will evolve in something really huge for the world.
The next question was about multi-chain. We don't have an exact plan to go multi-chain in a way like we don't want to create a new token on another chain. We don't want to migrate to another chain.
We do want to partner with other entity, other projects on other chains, so we surely will do some events in the future for some stuff together. But we don't plan to move outside of Card Annel.
And lastly, the question was more about the challenges on Cardano. So of course, it's a lot of challenge. Everything is new. Everything has to be built. There's a lot of stuff that we are trying to do that
Once we talk with developers, it's something really difficult. It cannot be done. So we really need to brainstorm a lot and to find new ways to accommodate for it. But I feel that we are in a way
We are well positioned today in the space, not snack as a project, but with all the recent development that we have. Everything is coming to life right now. Like I explained before, you can
create your own token in like two minutes and it will cost you close to nothing and you can create a new pool, you can create staking, you can activate so much things to do with your token and because everything was
built in the last six months and right now the tools are there so we are starting to really ramp up on the DeFi token because of that. So like six months ago you had no clue
how to trade some tokens, how to see their valuation. And now you have all those different tools that are existing. So you can lend some token, you can make some profit from that lending, you have some protocol like Indigo where
you can buy some Ethereum, some Bitcoin, and if people are taking too much risk, you will be benefiting from those people that are taking too much risk. So there's a lot of the, of protocol that are coming to life, and it's, we're, I think,
We are in a fun way in this history of Cardano right now. Thank you. Oh, and that's the last question. So in which industry or sector do you think meme cards could have the greatest impact and why? Yeah, this quite fun question to me is. Yeah.
Well, I think the biggest impact would be something that is close to the people. So close to the people, meaning like the community, meaning products, brands. I think you're in
energy drink is really good in that way because it's an easy product and everyone can understand what it is. It's not complex. A lot of it comes from the branding. So if we have a good branding and if we have a good taste, it can
works if we have a great marketing plan. I also think that all the gaming industry and the crypto are really well together. So that's why we want to expand a lot on that topic.
and we recently added a team, a sport team, and it won't be the last. So we want to sponsor other teams, we want to sponsor tournament events. So I think we will try to explore more this esport scene.
And, and yeah, those are my, I would say my two focus at this moment outside of the outside of Cardano. All right, okay. I think we have wrap up a lot of questions today. Okay. So just, just,
I see there's a question asking in regarding the sticking program, the token burn, and the upcoming NFT cells. So I think it's better for the community member to stay updated on their latest announcement. Yeah, we leave it from here first. Yeah. Thank you.
for answering just some technical questions, you know, like we appreciate time and expertise, you know, for, for, for a community who joined our core next spot like today, we'll announce who's a winner later on and just stay tuned to the latest update from Snake this Fall. Thank you everyone. Thank you, goodby. Appreciate that.
Thank you. Thank you for hosting. It was really fun. Yeah, thank you. Thank you. Have a good weekend. Bye bye.