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Token Deal With It!👊 #Meme $DWIT
Recorded: Aug. 30, 2023 Duration: 1:06:31Space Recording
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So going into the
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prizes are real. They're straight to your wallet. The investments in the referral systems are all
set in place and the prizes are all set in place to give out as soon as all that's
collaborated and done with. So I think what sets all of that apart is the not broken dreams. We're
actually going to bring the dreams to life and actually fulfill every aspect of this coin that
we're trying to fulfill because we're all working hard to come to that center point.
Great, Witoza. It's been great speaking. Let's open it up to the Spaces audience. Let's see. We've
got Venice here. You had a question for Witoza, the deal with its token. Go ahead.
Yeah, thank you so much, Glenn. Okay. Can you please provide more details about the criteria
and process for selecting meme creators, influencers, and content platforms for
collaborative partnerships? And how will these partnerships contribute to the overall success
of the project? Okay. With that aspect, I personally don't deal with all the advertisements. But what I
do know from our advertisement team, they are working hard to look for influencers. They're
looking at different ways and what advertisements work and where for cryptocurrencies, like new
launching meme coins and things like that. So we're actually looking into all that. And there,
that part of the team, I'm sorry, I don't have the full information about that. But that part of the
team that does the advertisements and stuff, they are working hard to get all of that. We can definitely
post some more on our social medias. And if you would join our Telegram and Twitter account also,
I'll make sure the team and advertisement team can put up some details about all of that for you also.
Okay. Hey, that's good. And beyond the price box system, what additional utilities or use cases do you
guys have within the ecosystem? And how does the project plan to ensure stay in demand for the token
after your launch as well? Okay, yeah, along with the prize boxes also talked about the referral system a
little bit in the first, second, third places and then the 17 random winners on top of it. But more importantly,
the security of the coin, this is where solid proof IO auditing comes into play. They're going to be the ones like I said,
they're like the security system of the coin, they're going to be the looking for the integrity,
making sure everything in the blockchain is correct, the transactions are going through,
and pretty much audited at a constant basis. So to make sure since obviously any new coin going onto
the chain, you want to make sure everything runs smoothly, that people's security is number one for
their supply of their coin, and all transactions are going thoroughly. And that's, that's another reason,
along with our development team, already on top of that, we're going to have the solid proof IO
auditing that also, and as I mentioned, there will be a link to that straight from our website, the
dwit.vip, to go ahead and look at all the audit and all the information that they state, and they'll
have the whole drawn out security about the token and everything.
Okay, I understand that. And there's a mention on, there's a mention about the real prizes with
community proven evidence on your website. Can you share examples of these real prizes, and how they are
chosen, and how the community verifies their authenticity?
Yeah, the prices that we have, we have the rounds and everything stated on the website with the
white paper, and then the prices on the rounds, those are just, those are set in stone until launch.
What, and I do apologize, what was the second part of the question?
I was saying that, how these real prizes will be chosen, and how the community verifies their
authenticity of realness?
Oh, well, that's where you can go ahead and, the authenticity of the coin is proven also through
the auditing. So you can actually look through solid proof IO to check the authenticity of the coin.
And then with the prices of the coin, we have the five, we have the five pre rounds,
that the coin will go up in certain percentages, it's posted on our website, the first,
the first round, well, I'll just mention what we're at right now, the price of, of the coin right now
for one is 0.0015. And then the next round would be a 50% increase. And that would be a 0.002.
And we have five rounds of these. Let's, I'll just go another round. The next round would be
0.003. And that's about another 50% increase. And then the numbers and everything should be
stated on the website. I think there's a little box with, it says round price, number of increase,
how many tokens, and then how much total US dollars that would be in those tokens.
And we, the reason we did this is so, like I was stating before, the people that got in,
that can get in the project early, are guaranteed those profits moving up through the pre round.
And then when we launch, we already have 10% set aside for the centralized exchanges,
that we can go ahead and put these into the exchanges. And then from there with advertisements,
working with our ad team development team, and everybody else in collaboration, you guys, the
investors, making sure that the price and the liquidity of the coin will constantly increase
throughout the years.
Okay. And on your roadmap in phase one, it's mentioned about exclusive branded merchandise.
Uh, can you provide more details about the range of exclusive, exclusively branded merchandise that,
uh, DeWitt token offers and what type of products are included in this collection?
Those will be mentioned shortly. Those, uh, those are all being, uh, kind of put into a package for
us to present them to you guys in full. So I don't want to kind of give away before that team is
finished with that and presenting it, but yes, they are working on marketplaces. They are working
with smart contract NFTs. And these are all things that are be, that are coming into play within the
next couple of weeks, you'll be seeing more up to date things. Like I said, we're still in the pre
sale. This is all in its, uh, kind of infancy, but all of this is in the working and you'll be seeing
updates constantly with us.
Okay. And, uh, recording your, uh, NFTs, I noticed that you are also planning on, uh,
releasing a entire NFT collection. Uh, I was wondering how many NFTs will you be releasing and
what will be the various use cases of these NFTs? Will these be, uh, these NFTs be integrated with
merchandises or with, uh, real prices as well? And, and sadly, I, I hate to answer it like this
again, but, uh, those details for the NFTs and those products will come out once they get it all
packaged together into something that they're going to present to you guys personally. I don't want to
give away any of the things that they're working on currently. And I personally do not have the exact
number of the NFTs, uh, that they are going to be coming out right now.
Okay. No worries. And, uh, I'm also curious about, uh, whether there are distinct tiers or
categories of prize boxes, and can you elaborate on the factors that influence whether a user
receives small rewards or the larger 200 USG rewards? Those are rewards with the prize boxes. What
it is, is every, uh, every referral or every person that invests that uses a referral, that referral
will get, uh, a prize box if it's, it's just a hundred dollars. So if they, let's say they invest
a hundred dollars, they'll get that prize box. And that prize box is kind of a random prize between five
and $200.
Okay. And, uh, how frequently can users claim and open the prize boxes? Is there a specific time frame
during which they need to claim their rewards? No, there is not. If, if they used your referral
system, it's in our system. Uh, and if, if, if it's all in our system, like you won't, there won't be a
time limit. You won't expire. No. Okay. And, uh, how exactly will the NFT and marketplace be used as a
token burn mechanism and what percentage of fees generated will be allocated for burning, uh, your
tokens?
Gotcha. And, and again, with the, with the details with the NFTs, those will be coming out soon.
I do, I cannot elaborate anything on the NFTs at this moment. All of those details, though,
will be coming out soon.
Okay. Otherwise, and, um, uh, if you guys have any plans regarding, uh, governance model that would
empower, uh, D with holders to participate in decision making processes concerning different,
uh, facets of the token.
Can you repeat that? I'm sorry.
Yeah. Uh, I was saying that, uh, if you guys have any plans to introduce a governance model,
uh, that could empower, uh, your holders, your token holders to participate in decision making processes.
And yes, like I said, we're, we work hand in hand with our investors and any idea or anything that
would help the investors, uh, uh, uh, with this coin or want to get more involved with this coin,
like I said, we take all everything our investors say to heart and we try to work together with them
to bring the coin that we both see in our vision and any, anything like that. Like I said,
a lot of this was, uh, uh, kind of just starting off. We're just in pre-sale,
but anything like that, we're actually, uh, working on to bring, uh, to this coin so we can make it better.
Okay. That's really good. And, uh, yeah, uh, thank you so much for answering all my questions.
It's not a problem. It was my pleasure. Thank you.
Thanks for the questions, Venice. Next, we have Naida. You had a question, uh, for the token DLT. Go ahead.
Yes. Thank you, Glenn. Uh, considering that the contract ownership is re-announced,
how will critical contract upgrades or improvements be managed without ownership control?
Well, we believe the community and also a decentralized, uh, coin that's, uh, built on, uh,
private ownership of the community and its investors is the way to go. Um, we believe, uh,
with just sitting aside the 10% of the centralized for the exchanges and things like that. And then
having the decentralized side also, it kind of brings a, um, unity of all that together. So we believe
it's, it's a balance that we're trying to work with, with, uh, with all of those. Sorry about that.
Okay. And are there any mechanism in place to prevent spam referral or fraudulent activities in the
referral based price box system, ensuring genuine community engagement and rewards?
Correct. Yes. With the prize box, it is actually directly connected to your wallet. Uh, when anybody,
uh, goes to the website to actually invest into it, you'll be connecting one of your wallets and it's,
when you connect your wallet, it's directly connected to that address and those prize boxes
and what you open will go directly into that wallet. It'll all be tracked onto the blockchain.
And on top of it, like I said, we do have an auditing system that's going to be looking in on
this and that will be the solid proof IO auditing. And, uh, those will have all the security specs,
anything that would be, uh, malleous or any way to attack, they would let our development team know
right away and we can go ahead and fix those issues. So we, that's like one of our main things is
security. Our development team is highly and on that security part. And also that's why we
brought in another party, the solid proof IO auditing to go ahead and make sure everything
runs smoothly from the presale that we're in now to launch exchanges and everything in the future.
That's great. And given the significant location for community rewards, what are the plans to ensure
that these incentives remain financially sound and sustainable as the tokens ecosystem evolves?
Pretty much, uh, our, our main thing to keep this ecosystem alive is being in close contact with
our investors. Our investors are obviously the most important thing of this community. They are going
to be the backbone of how the coin works. Um, pretty much if there's an issue with the coin or they want
to see the coin move in a different direction, we're going to be all open ears to our investors. Like I
said, we want to make sure this is a coin for everybody. We don't want to bring in, uh, empty promises.
We don't want to bring in all the things that older meme coins and other things have brought to the
table, but failed on. We want to actually bring to the table and succeed on for everybody. So pretty
much so everybody wins, everybody can get rewarded for all the things that they do for the coin and
the referral systems.
Okay. And, uh, uh, can you share the criteria for selecting CEX for listing and are there any
negotiations underway with specific platforms?
That I can't go into detail with. And then what, but wait, what was the first question again?
Um, I, I heard the second question. I'm sorry. I just, yeah. Uh, can you share the criteria for
selecting CEX for listing and are there any negotiation underway with specific platforms?
Gotcha. Um, I'm, I'm personally, I'm, uh, not on the team that's actually going, uh, and putting it
on the exchanges. Um, I can definitely have them post some more details on our social medias
and our telegram, but I do know they are working closely with a few exchanges. I don't know if we
were making it public or not yet. That's another reason I was kind of hesitant on, uh, saying anything
about the exact exchanges or, um, things like that, but, uh, our team is working closely with them.
Uh, it will be on exchanges and we're locking all of those in now. And that the second part also,
I, I just couldn't mention at the moment because I do know that once all of that information is
together, we're going to come out all at once publicly and let all the investors and everybody
know all at once what exchanges when, uh, and all the, those details that involved, uh, launching
that on that exchange. Okay. And one last question. Given the project's ambition to reach the grandmaster
himself, Elon Musk, what strategies are in place to gain his attention and how do you plan to
differentiate yourself from other tokens with similar as aspiration?
And we have many ideas and things in place. I mean, obviously we're trying to become a meme
coin that is well known. Um, that's going to take a lot of hard work from our team, which I do believe
we have. It's, uh, we're working on advertisements through social medias and other, uh, ways. Um,
eventually, obviously X would be the platform that we would, uh, get his attention through. We do have
our main Twitter page and a few other things, uh, that we're working on with X to try to get his
attention eventually. Um, but yeah, uh, it'll be a little bit down the road. Like I said, we're in
pre-launch, but, uh, I, I do have high hopes for this coin and eventually that, uh, he will notice us.
So, okay. Thank you so much for answering. And thank you, Glenn. Thank you.
Thanks for the question. Next we've got honey shower. You had a question for we toes, uh,
token deal. Go ahead. Okay. Thank you. Can, can you hear me clearly?
We can. Yeah. Yeah. Okay. So my question is, is there an algorithm in place to guarantee the fairness
of the price box reward system and, uh, can users order this algorithm for transparency?
Um, I personally don't know the programming exactly behind the prize box, but I can, uh, relay this to
our team. Uh, I'm actually taking notes with your quick guys's questions to make sure if anything
I didn't personally answer, I didn't know off the top of my head, I can get the team that specializes
in that to answer it. And you were wondering about the specific opening mechanism and how random it was
between the dollar amounts. Correct? Yes. Correct. Okay. Yeah. Stay tuned for, uh, that I'll definitely have this,
uh, all this, uh, information that I didn't know right off the top of my head. I, I personally didn't
program the boxes. Uh, I don't know the exact mechanics behind the code, but I can definitely
relay that back to the team and, uh, let them know that our investors were looking for some transparency
behind the box opening mechanism. And we can probably, uh, go ahead and set something up for you.
Okay. And, uh, uh, while liquidity is locked forever, are there any technical mechanisms in
PACE to address emergencies or unforeseen circumstances that may require unlocking liquidity?
Yes. Um, along with our development team on, on that specific issue and the solid proof IO,
um, obviously there's going to be things in the future we don't foresee, but we are constantly
looking at it and making sure everything on the chain along with, uh, our main development team is
obviously looking into all those mechanisms constantly as we move forward into the future.
And then with solid proof IO auditing, there'll be a second party that'll be looking
in to making sure all of that goes smoothly also.
Okay. Considering the crossing capabilities of some blockchain networks, are there any plans
to explore interoperability between a deal with a token and other blockchain ecosystem?
Um, that would be more of the, uh, development team. Uh, I personally
am not a hundred percent sure on that. I wouldn't want to, uh, answer that question wrongly, but I'll
make sure they, uh, will mention that in the social medias also. I do apologize.
Okay. And one last question, uh, are there any plans to conduct a third party security audit
beyond the provided information on solid proof to ensure the utmost security of smart contract code,
given the inherent, uh, risk associated with smart contract vulnerabilities.
Okay. And at this time with, uh, the solid proof IO and the development team on it, um, if we do run
into issues that either solid proof or a develop or our dev team doesn't, uh, know how to handle
or it's issues that, you know, the future can't foresee everything that we would need some more
protection on the coin. Like I said, uh, our number one concern is security with the coin with
transactions, with it on the chain, with our investors. So if we do see anything with the
security, uh, that would need to be fixed or upgraded that we would definitely be willing to do
so. But at, at this time with the solid proof and, uh, we have a good backbone of our development team,
we have not had the need right away for that, but it's definitely not out of the question.
Okay. Thank you for answering. Thank you, Glenn.
Thanks for the, uh, questions, honey. And I was wondering, uh, WeTrails as well,
is the team looking to renounce the contract in the future or, um, is that not decided?
Um, let me double check here. I'm pretty sure it's, yeah, it's going to be not renounced. It's going to be 100% renounced.
Okay. Fair enough. Um, and for anyone who's joined the spaces late, later on, maybe we can do a recap, uh,
WeTrails over the, um, uh, deal with it project, uh, and anything we haven't discussed today, uh,
that you wanted to mention?
Yeah, not a problem. Cause I know there was a certain, uh, a few details here and there that
I'll have to ask a few different parts of the, uh, teams and a couple members just to go in the details
so I can bring you guys that information. I do apologize about all that. I thought I had most
of it all together, but it was just a couple little things there, but, uh, we can definitely
get all that information to you guys no matter what.
Okay. It's been great speaking to, uh, WeTrails. Uh, thanks very much for coming today, uh, on the
spaces and tell us about the, uh, deal with it, uh, projects. Uh, like you say, um, so there's a
one hour, one day countdown on the website, uh, for participation. And then is it launching
in the next few days? What's the sort of timeline for the launch?
Okay. Yeah. Launch is between, is right around 40 to 60 days from now. Uh, that countdown,
you'll see it. If you go to the website now, it'll be about one day, uh, almost exactly one day right
now. It's like one day, five minutes. And then you'll see right below it is next price. These
are the presale rounds. So the next round of presale right now, the price is 0.0015.
And then after one day and four minutes, the second round will start or the next round,
I should say. And then the price will be 0.002. So that would be a 50% increase. So for all the
early birds that are actually listening now, uh, if you got in before that one day counter goes up,
you would be paying a 50% less, uh, amount going in and investing on that. And remember,
if you do do that, do not forget those boxes, your referral systems and all that get as much
rewards as you can. They're there for you guys and the investors. That's, that's why we got those
systems in place. We're rewarding you guys. Okay. Well, thanks very much for coming today.
We chose from the deal with it project. Uh, like we say, check out the website, the white paper,
and if you've got any questions, you can join their socials probably for the, uh, official Twitter
account here. And if you've got any more questions after the spaces, and as we say, uh, the aquariums for,
uh, education and research is not financial advice. Uh, but it's been great speaking today. Uh,
we trust. Thank you very much. Yeah. And thank you for the opportunity for having me on here. I
really do appreciate it. And you guys, I hope you have a great rest of your day and make sure you
guys go ahead and at least check out the airdrop and what we're about. And I think you'll agree that
we have a pretty decent product and I hope to be working with you all in the future.
