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TON Network's 'Blockchain Counterattack', Disruption Imminent? (With💰）
Recorded: April 29, 2024 Duration: 1:02:42Space Recording
Full Transcription
We'll be starting in a few minutes.
Be right back.
We'll be right back.
Hey, hey, hey.
Hey, hello, Jerry.
Just want to make sure everything's right here.
Yeah, at this moment, we are waiting for Alexandra.
Yeah, be right back.
He should be here in a minute or any time now.
Okay.
Okay, cheers.
Okay, cheers.
Hey, Alexander.
Hey, Alex.
Can you hear us?
Hey, guys.
Yeah, I can hear you.
Do you hear me?
Okay, cool.
Okay, so I guess we have everyone right here.
Okay, so yeah, all are in.
So, okay.
Yep, everyone is in now.
So, okay, let's start.
Hey, welcome everyone and welcome to joining us today.
I'm Johnny from CoinX.
Before we start, let me quickly introduce ourselves.
CoinX is a crypto exchange that was founded back in 2017 and we have been offering trading
services to users all over the world.
We regularly host online on-ground campaigns and we provide all the crypto updates on the
industry.
Be sure to follow our Sulu Media channel as well.
And today, our topic is talking about Ton, D-O-N, one of the most popular exchange, sorry, most
popular exchange in crypto and it has been created by SimState one.
Before we start, to our dearest guest, can you please introduce yourself?
Let's start from you, Rebecca.
Yeah, sure.
Hi, everyone.
I'm Rebecca from BRBDC Capital.
Thank you, Rebecca.
Let's go on, guys.
Alex?
Yeah.
Hey, everyone.
I'm Alex.
I'm a core contributor to the EVO protocol, the main lending protocol on Ton blockchain.
Thank you, Alex.
And Jerry?
Yes.
So, we're from TonApp.
So, we're the launchpad that's on the TonC ecosystem.
And say hi to everybody in here.
Thank you, Jerry.
And Li Hao.
Hi, guys.
I'm Juan.
I'm called Juan.
And I'm an influencer and independent researcher on Twitter.
And I'm happy to be here today.
I appreciate that.
And E-Chem?
Hey, hello.
So, this is E-Chem.
So, we are building the first Web3 social virus selling platform on top of Telegram ecosystem.
So, our product is called Bounty Bay, which is launched.
And we have been able to successfully acquire, like, one million page views in our last month,
like, running.
So, this is the, like, it's our pleasure to join this Twitter space.
And we're running a celebration Galaxy campaign as well.
So, yeah.
Nice to meet each guy, like, everyone.
Thank you, E-Chem.
Okay.
Thank you, everyone.
So, okay.
Let's start with the most asked questions by our community.
So, first of all, compared with a lot of popular ecosystem right now, such as Bayes, Farkasa,
and Solana, what are the differences and advantage of Tone ecosystem?
Yeah.
What's your guys' take on it?
Yeah.
I can.
I think I can speak first.
Okay.
Yeah.
Sure.
Sure.
Yeah.
I think the main thing, which everyone forgets, is distribution.
So, where do you take the users from?
And not just crypto users, like native-native degens, let's say, or devs,
but where do you take a lot of users?
And Tone Blockchain answers this question very easily.
In Tone, we have Telegram, a huge, huge platform for distribution of your product.
You can interact with Web3 users.
You can interact with Web 2.5 users.
And you can even try to interact with Web 2.5 users and try to onboard them.
And Telegram has a massive, almost a billion mile.
And that very simplifies the way you interact with your audience.
And also, on Tone, we have such brilliant things like Tone Space or Wallet, integrated wallets.
So, you don't need to explain your potential users how to install wallet, how to, like, go to some market, install that, that.
You have all of that inside.
And also, I think a lot of people on the AMA session from China, and in China, there is a WeChat, and everyone uses inside apps.
And Telegram creates his own, let's say, you know, universe of mini apps.
And this is how you can use your Web3 project, and you can use mini app, you can use integrated wallets, and you can access the audience, which are already there.
So, this is why, for example, I chose to build on Tone two years ago, when there was no one, and there was no even wallet.
But I knew it's coming, and now it's here, and I'm very happy that it's alive.
Thank you for sharing, Alex.
Would you like to add on anything from the HM, yeah, from a launch perspective?
Sorry, Tone app or us?
Yeah, yeah.
Yeah.
Okay.
Would you like to add on anything from there?
Right, totally, totally.
I would definitely, like, want to mention that, so, the reason for us to choose this ecosystem, first of all, it's not just about, it's 900 million monthly active users, right?
But also about the efficiency in social virus sharing.
Because if you are, like, a people who is familiar with product design, so every one additional steps you have over the overall user journey, you will have one, like, layer of user jobs in your overall conversion.
So, by learning, so, the best way to leveraging the traffic here is definitely to do the social messenger and virus sharing out there.
And, given with that, like, first of all, an embedded, like, payment system and also the sharing framework will be important.
And, what's more, like, the trust over the, that can bring in by the mini app ecosystem definitely runs better than any sort of, like, third-party website, any, like, third-party wallet checking, connect wallet for payment, etc.
So, that's the core reason, on top of the traffic, that we select this ecosystem.
And, definitely good to see that, so, before we joined to the ecosystem, we also did a lot of research.
So, the good thing is that Telegram and Tonde have already set up a lot of, like, infrastructure that's sufficient for everyone to do, like, tech building and also commercialization building on top of it.
So, that's another good thing that we really like for this ecosystem.
Thank you, HM. Nice add-on.
Okay, so, I have one for you, Rebecca.
So, like, right now, when we talk about the blockchain ecosystem, most of the time, or even, like, we absolutely just use the total value lock, a.k.a. TVL, as a standard for the ecological prosperity.
Like, however, you know, according to the Vailama data, Tonde's TVL is at 152 million.
Which is far inferior to some mainstream public blockchain of Layer 2s.
Like, any reason behind that?
I think, like, there are two main reasons that can explain why Tonde's TVL isn't as high as our ecosystem yet.
So, the first reason is that Tonde is still pretty new to the game, in the sense that it is still building the necessary infrastructure for DeFi products and expanding, you know, like, the different type of DApps, which those are the crucial for boosting TVL.
So, and secondly, so, Tonde only started wrapping up strategic initiations and incentives, like, last month, which I think they kick off, like, a 1 million Tonde as incentive.
And, you know what, like, in a month, the TVL, they boost, like, four times in just one month.
So, I think, like, to be honest, I think, you know, just looking at the TVL today, I think it's a bit early to judge Tonde, like, harshly.
Especially, since in the same period, I'm talking about, like, these funds, like, other chains, like Solana and Avalanche actually decreased in their TVL while torn up 60%.
Well, I think, actually, I can give some add-up in here, because if you look at the TVL, like, most of the TVL on-chain, they're actually leveraged.
So, let's say, on Ethereum, that, like, I think that I can say more than 50% of TVL was coming from leverage.
If you deposit some coins on, let's say, Compound, you can, like, borrow some coin from Compound, and then you can just accumulate it to get a higher yield.
So, but if you look at Tonde's ecosystem right now, that we don't have this space for the leverage.
So, if you minus those leverage, I think that the basic TVL for the Tonde ecosystem and for Solana or even Ethereum are basically SEMNA.
I see. Thank you. Thank you, Jerry, and thank you, Rebecca.
Let's add on from there. Rebecca, you mentioned about, like, Tonde boosts up four times in a month.
So, yeah, I got one for you, Alex. So, like, add on from there.
How does the foundation, they can provide incentive for users to use the DeFi protocol on Tonde?
Like, as in, what kind of incentive behind that?
Yeah, basically, I think it's important nowadays to have incentives because there are a lot of competitive ecosystem which tries to incentivize the protocols.
And if you have it on the chain, it's much easier to onboard.
For example, it was mentioned that there is no leverage on Tonde, but actually, this is the start of the leverage.
And Evo Protocol launched Mayonet a couple months ago.
And in the last month, we grew 3,000% in TVL.
And we grew, like, half before.
We launched incentive program, which is the pilot version on our leverage.
And actually, now we're aiming to 6 million supply.
And this is just only in less than a month.
And I believe it's going to grow, grow, and grow with, and also with Tonde Foundation having the Open League, which is 115 million incentive in dollars, which is kind of a lot.
And everyone has the opportunity to farm.
Everyone has the opportunity to leverage nowadays with Evo, for example.
And we've had, for example, when Stablecoin USDT was launched on Tonde, we were one of the first, and maybe the first project which incentivized on USDT.
And we've had, like, 50, 40, 60% on Stablecoin.
And that's a lot.
And on USDT, because on Solana, for example, you could have this on USD, you know, on Athena.
But where can you get, like, on USDT?
And I believe Tonde as an ecosystem and we as a core project, which Tonde are trying to support, and we're very thankful for it.
And it's going to be big.
Maybe within six months, we'll see a huge growth and increase in today as well.
But this is really, if we are talking right now about this, it's good, because this is only the start.
Thank you, Alex.
This is actually having a very nice stack from there.
So I'm quite curious.
Can you please tell me a little more about the challenges when you try to build a trust in the community?
Because it's the first time doing that, right?
So what was the challenge or what were some of the obstacles the team they have to tackle in order to grow the amount?
I would say that on Telegram, it's easier than anywhere to build your community.
Because, for example, I'm a Telegram native user.
I've been using Telegram for the last 10 years, I believe, maybe a bit less.
And for me, it's very clear how people can communicate, share.
And as it was also mentioned, it's very viral.
And we have a quite good channel in Telegram.
We have quite a big community because we moved from, we don't have a Discord.
Rather, we have Telegram topics and chats, which are kind of Discord, but it's all inside.
It's all one ecosystem.
And if you're a builder, if you're just starting, don't forget about creating these Telegram viral mechanisms.
Because it's really going to boost your project.
Nice.
Yeah, and that's true.
At the end, it's all about the core of the community.
We have to put the community first.
Yeah.
Thank you, Alex.
And let's look at the bigger picture.
No, like, what's the overall landscape of the project building in the Tone ecosystem right now, Jerry?
What's your thought on it?
Like, yeah, from a launchpad perspective, what do you see from there?
Well, so I think that this question should be answered from, like, a separate aspect.
So for the first aspect, it's what we need right now.
So, like, if you look at all the blockchain, they all have DeFi, they all have GamFi, they all have, like, this SocialFi project.
So the first of all is that we need those things.
And we're glad to see, like, a lot of builders are building those things here.
And there's another news is that one of the decks we are incubating called PixelSwap is going to launch shortly on the, let's say, May 6th, last time I checked with them.
And that's the first thing.
And the second aspect we want to mention is that what is the best thing for the Tone ecosystem?
Like, what is the unique competing power for the Tone ecosystem?
We think it's gaming and gamify, because I think Alexander just mentioned about WeChat, like, in the previous conversation.
So we also would like to bring, like, WeChat, Facebook, Google.
If you look at all those, like, large social giants, gaming is always one of their top income from.
So if you look at Tone and Telegram, like, gaming is one of the, definitely one of the most important rates that we're looking at.
So that's my share thing here.
Okay, what about the social fight, like, the factors, because, like, at the end, like, Tone is based on Telegram.
What do you think about the social fight section?
That's actually a good question, because from our side, our investment on looking at the social fight project very actively.
Okay, but, you know, I would say I didn't see a very innovative social fight that can really unlock the potential power of the Telegram.
But I will hold my comments in here.
I think there will be a great social fight come out, but maybe just I don't know them yet.
Okay, same here.
Yeah, we'll see about that, man.
Thank you, Jay.
Okay, okay, next one.
So, you know, like, when we talk about the Tone chain, like, the chain's own architecture and the related application development, like, what are the differences and characteristics from make Tone look differently or even better from the current mainstream public blockchains?
What's your take on it, Alex, from a developer perspective?
Yeah, basically, Tone is quite different from EVM because it's TVM, right?
It's a virtual machine, and the transactions are asynchronous.
This is, for example, we, as a Lightning Protocol, we haven't forked anyone.
We spent a year to develop the solid infrastructure for Lightning Protocol to scale to, like, billions, I guess, like, stone scales, and to keep the fees the same.
And we redesigned the complete architecture of an approach because of the asynchronous transactions.
And it's quite not, and a lot of people which are coming from synchronous transactions, right, from EVM will spend some time to understand the way it works.
But to every question, you will need to spend a bit more time, right, because you haven't encountered it before, but eventually, anyway, you will solve this.
And I believe it's already getting better and better because, for example, we just set up the DeFi 1.0 and it's starting to grow.
And now the DeFi 2.0 are starting to appear one by one, and we will see, like, more and more developers coming.
And, for example, in Hong Kong, on the conference, from the beginning of April, we saw a lot of devs, a lot of devs, which are interested in TONE.
And this is what makes me really thrilled about the development and the future of TONE development in general.
Yeah, indeed. What about your take on it? One, like, yeah, what's your take as a researcher perspective?
So, for me, so I'm currently preparing a comprehensive report on TONE ecosystem.
So, for my perspective, while Telegraph remains a traditional company with a strong focus on its users, it's important to recognize the significant revenue TONE has generated for the platform.
This financial contribution has undoubtedly played a role in Telegram's continued support for TONE's foundation's work.
However, it's crucial to acknowledge that the Telegram operates within a business framework and prioritizes its safety and security of its users.
As such, it's understandable that Telegram's public support for TONE may be restrained until the ecosystem matures and effectively addresses concerns surrounding the scams and other potential risks.
In instance, Telegram's approach reflects a balance between recognizing TONE's value and prioritizing users' protection.
This cultural stance doesn't diminish Telegram's commitment to the TONE ecosystem's long-term success.
Rather, it demonstrates a responsible approach that aligns with Telegram's core values.
And that's my idea. Thanks.
Thank you, Won.
What about you, AKM and Jay? What's your take on it?
Like, yeah, what are the differences and advantage or characteristic that make you feel like TONE can stand from other public blockchain?
Well, that's a good question. I mean, we've been doing a lot in here.
So, yeah, I would say, I mean, we say a lot about the pros of the TONE's blockchain, but maybe I can say something bad about it.
So, the best takeaway from our development team is that never trust your code, because sometimes your code runs perfectly on the testnet, but it will not run perfectly on the mainnet.
And that's because of the lack of documentary. I think that all kinds of, like, TONE's developer has been complaining about it.
So, my takeaway is that if you try to build something on TONE, always extend more time than you're expecting, especially if you have development experience in RAS or Solidity, and you think you can handle blockchain.
Trust me, TONE is another blockchain.
Because when TONE has been building, there's nothing called Solidity or Trust. It's basically the same age as Ethereum.
So, the whole architecture and the whole ecosystem are from the Web2 perspective designed for massive adoption.
Thank you, TONE is the same age as Ethereum.
Nice one, Jerry. What about you, H.M.? Yeah, any take on that?
Hello, H.M.? Can you hear me?
Okay. H.M., hi. Are you here, H.M.?
Okay. It seems like H.M. is cutting from there. But anyway, I'm going to ask the next one first.
And you can be, can you, hey, H.M., can you hear me?
I see you keep talking.
Oh, yeah. Sorry, it's good. Yeah, it's talking a little bit.
All good.
Back to work now.
Okay, okay. Cool.
So, yeah, I think just a little bit add on here.
So, I think the most sexy thing is that, so, sexy thing is that, so, all the luxury people that, who are using all the other blockchains are here on Telegram, pretty much.
And also, there will be high chance that you can convert, easily convert them to use TONE wallet as payment, as engagement.
So, that's, like, pretty much very sufficient for the ecosystem and also for you to do a lot of things on top of that.
So, yeah, that's just a quick add on.
All right. Thank you, H.M.
Okay, let's take a step back.
Like, we just mentioned about the developer building ecosystem, the core part, the community part, and the terms, overall ecosystem and how user already got used to Telegram.
So, what is the specific relationship between TONE Foundation and Telegram?
Like, in your opinion, will TONE receive a long-term support from the Telegram?
Because, like, we've been seeing a lot of shifts from the community to other chains in the previous case.
So, how would that work for TONE this time?
What's your take on it, guys?
I think Telegram, TONE initially was developed by Telegram, and Telegram has a lot of favor for TONE.
And I think in Singapore, they announced a long-term partnership about the case.
So, from my perspective, it's obvious that TONE is going to be kind of the proprietary, let's say, not maybe this, but TONE will be the only one who will be supported natively, for sure.
But we see a lot of other chains, which are benefiting from Telegram mini-apps, for example, because this is not just about the native, but also about other chains.
So, for example, I believe Near received the most amount of new registered wallets on the accounts on the chain due to the boom of hot wallet, of wallet integrated in Telegram, which, like, worked as a mini-app.
So, I believe the mass adoption, which Telegram and TONE is creating, will benefit not only TONE, but also other chains.
As people will be more educated in this term.
Thank you, Alex.
What about you, Jerry?
Yeah, from the perspective of Launchpad, what do you feel about, or what do you think about TONE's foundation's relationship in Telegram?
Well, I think that there's, we all know that there's some connection between them.
Especially, like, we all know Andrew, who's one of the presidents of the TONE Foundation, who was actually the CEO from VK before.
And we all know the developer from the TONE Core team, which is, they developed the TONE blockchain, has some relationship in the previous hiring relationship with Telegram's team.
So, but if you ask me, do they have any relationship, I would say maybe not, because, like, they're a separated team.
And, however, just like Alexander just mentioned that all kinds of blockchain will be benefited by the Telegram's user, because we all know they have lots of users.
I would say TONE will be the most benefit one, because we see that TONE space has been integrated with Telegram.
And if you go to a setting, you're going to see the wallet, you can see the TONE wallets, and they will be exclusive for TONE and Bitcoin, they're one only.
So, what's their relationship?
I would say, they're just, like, no relationship, but maybe just old friend, I would say.
Indeed.
What's your take on that one?
Like, yeah, how do you see about that relationship?
And how do you see, like, the long-term support from that?
Right.
So, first of all, the good thing for everyone is that they are able to form a good relationship and an exclusive support from the TONE wallet to the Telegram ecosystem.
So, I think the previous speaker just mentioned a lot of, like, things in the middle.
I won't recap that anymore.
But I just want to, like, from a builder perspective, I just want to call out that.
So, first of all, this is definitely a good timing for all the Web3 native startup, and also potentially, like, Web 2.0, 2.5.
And for us, let's see the chance, see the opportunity first.
And because, like, from my side, I definitely heard of some, you know, rumor or some potential news about, like, some, like, app store.
Sure, they are revisiting the listing of Telegram app within their app store ecosystem because, like, they have already, like, support Web3 wallet inside as a native payment method.
So, some potential risk in real world is, like, may potentially happen that impact us.
But no matter what, let's assist whatever we have and opportunity we have right now and, like, get whatever you want for your app.
That's the comment that I want to leave for everyone.
Yeah, you mentioned about the real world impact and application among us.
Let's follow from there.
Like, how will TONE change the social commerce scene?
Like, how is the commercialization of TONE going to change us?
Right.
So, the most important thing, first of all, in my opinion, is about the efficiency.
Because judging from a real world, like, perspective, so traditionally, there are people doing, like, commercialization business within Telegram ecosystem quite a lot, even before.
It's just, like, people don't have any good tools, any good, like, embedded payment method to having that happen very efficiently.
So, there is no, like, so you can only leverage, like, third-party website and third-party payment method.
And you don't have any tool that embedded for, like, that with good efficiency for social wire sharing or even gamification.
But now, together with the enable of Telegram, MiniApp framework, and also TONE as a native payment method, there are a lot of, like, new opportunities and new things that enable for the builder and for the users to engage and collaborate with.
And what's more, like, because this is a Web3 native ecosystem, so there is definitely more things that we can do leveraging, you know, the gamification mechanism and even tokenomics as incentive that for, like, Web3 project that can leverage within this, like, ecosystem.
So, I think this is very great and important, not only for Web3 project and also pretty much for everyone in the ecosystem, because this is an ecosystem that consists of people from Web2 to Web3.
So, potentially, if you, your app can't, right, we can really touch base all of them.
Yeah, thank you.
Yeah, that, that, that, that, I totally agree.
I mean, just personally agree.
Yeah, just like, because I feel like a lot of issues for the previous blockchain project they encountered is that they're not user-friendly or they're not, they're not friendly enough to us.
You know, like, because I, for a lot of us, right, we, we are just Web2 user, especially some of our friends.
Like, they're just Web2 user, they're not familiar with the blockchain, blockchain network, they, they don't care about the chain, all they care is that if the app or application or the blockchain, that, they're friendly enough or easy to use enough for them.
Yeah, so I'm just, just curious, like, do you have any advice to, to suggest those, like, I would say NAMI user or NAMI shopper to get started just from Tom?
Like, any advice or any step-by-step guide for them?
Yeah, that's a very good question, and I think it's a challenge and, like, opportunity also for every app to showcase their muscle within the product design.
So, first of all, like, after being, building this ecosystem for a while, so I think at least the good thing for now is that, like, based on the, what happened right now, so apparently we can observe that.
So, onboarding user, like, leveraging the Tom wallet as a checking method or a system, there is nothing, like, a challenge out there anymore.
So, don't, like, traditional, so while you're trying to engage with the Web3 app, the app, you have to, like, manually install a MetaMask app first, and you do, you need to have a sign-up, like, first before you start to use a third, like, the app out there.
So, today with the Tom wallet, it's natively embedded into your app, and it can be called out at any time, very easily, without doing anything beforehand.
So, in my opinion, this, like, definitely, like, helped to engage even more Web2 users easily, and helping us to convert them into Web2.5 users.
And the most challenging part, in my opinion, will still be the staff for OnRamp, so there will be a lot of, like, know-how needed.
So, I think this will be a part of putting some challenge on, no matter on the Tom Foundation side, like, how they're going to engage, like, enhance the user experience and user guidance within the Tom wallet pop-up, and also their challenge for us to enhance our design and also the guidance within our product.
So, I think, like, I would encourage people to try to think of more, like, innovative way or effective way to help with the conversion for users here.
For example, like, I remember there was one guy who was mentioning about the, like, when they're trying to invite friends to play Steppen together.
So, they mentioned about a feature that I feel like really, like, powerful and can be helpful.
For example, it's like, it could potentially be a red pocket feature, right?
So, while you do the invitation to your friends, you can just, so instead of just throw them with a link, you throw them with a red pocket, with all the, like, gas fee and also the initial token that needed for them to,
get started with this specific game or specific app.
And while your friends just open it, they can just, first of all, to enjoy that, enjoy the game, explore Web3 world first.
And then, you know, while they get more incentives and they get more know-how and they will be more, like, naturally converted into Web3 users.
It's actually very smart, you know.
Yeah, you know, just a few weeks ago, like, or just a week ago, like, Stripe, they just announced they have the USDC payment.
It's actually not something new, but, you know, apparently they have moved their way from Bitcoin payment to USDC.
It seems like they spent more time and more, right now, they're trying to recognize USDC as a payment.
Yeah, it does sound like that, you know, like, the red pocket and then the payment gateway.
It is very friendly for users as well.
Yeah, so, but along with the payment gateway and the easy-to-use feature and for friendly Web2 user usage, like, one of the things that make PON popular or making bots back in last year or even this year was the Telegram training bot.
You know, in fact, you know, the training bot, they have gained popularity a lot.
You know, like, if I'm not wrong, like, the word training bot has been buzzing around since a long time ago.
And even right now, a lot of people, they use the bot to trade.
And that's where they got familiar with PON as well.
So, what are your thoughts on this development?
Like, are there any other innovation application for Telegram bot beyond trading?
Like, other than payment and trading bot?
What other applications do we have?
Yeah.
What's your take on it, Alexander?
Like, Alex, like, do you see anything popping out other than trading bot?
Yeah, I think it's not really about trading bot.
I don't know why no one is saying about Nodcoin.
Nodcoin is the biggest gamified project, I believe, in Web3, which had 35 million users.
And soon it's going to be listed on the exchange taxes.
And it's going to be very huge.
And it's already huge, very huge.
And I believe the casual games like Nodcoin or other casual games, which are appearing even more often right now, will be really an engine towards mass adoption on Tone.
Because it's easier to get onboarded through them, and then you can use other apps.
This is especially related to Web 2.5 users, like text users, you know, which are not really into decentralized and stuff, but they know something about crypto.
And this is the way a lot of people already got onboarded, and we saw in our social medias, on Eva, on Telegram channels and stuff, how many new Web 2 users were trying to understand what is landing protocol.
And we have really tried to simplify the interface as much as possible, and I believe we made a progress in that direction.
And also, besides, for example, classic landing protocol, we're trying to build, you know, one tab, DeFi, which we call.
And this is basically that people will not understand when they do yield, leverage, and stuff, that they will use Eva, but they will use it under the hood.
And this is about what's coming on Tone.
The one tab DeFi, the gamify projects, which are really big, trading bots, I think trading bots is going to be popular, but it's not the first thing, I believe.
So, and, yeah, I, like, urge everyone to pay attention to not calling listing, because I think it's going to be, I mean, very big in terms of users listing on exchanges, right?
Yeah, let's do that.
Yeah.
Oh, you go on, Versali.
Yeah, sorry.
I was just saying that it's really going to bring new audience to the crypto.
Really, people who are using Telegram, and they earn some, they mine some Nodcoin, and they will try to understand more how they can utilize it.
Through Sexyz, through DeFi, through trading bots and stuff.
Yeah, indeed.
What about you, Rebecca?
I saw you flashing.
Are you saying one?
Yeah, you go on.
Oh, yeah, thank you.
So, when it comes to Nodcoin, I want to add something on that.
So, recently, I found a new mini app in Telegram.
It's called EScoin.
It's just like the Nodcoin, you click, and EScoin, you swipe.
Yeah, and it's interesting.
And I think it has about 2 million users in just a month, and that's crazy.
Yeah, I think you guys can play that, and it's totally free.
Yeah, and that's all.
Yeah, I think also, besides EScoin and stuff, there are, like, cubes, which are really great casual games, which I enjoy to try.
Because I think on Telegram, what we will see is popularity of really enjoyable, casual games, like, for example, in App Store, but which are not requiring you to, like, do a lot of stuff, but rather simple tabs or something.
It's going to be, which are really pleasuring in terms of, like, sound, vibration and stuff.
So, it's going to be a huge thing, right?
Yeah.
Nodcoin, EScoin, chill game.
Yeah, indeed.
You know, I remember that Nodcoin, it has been created.
As a matter of fact, it still creates a lot of buzz.
Today, we see a lot of topics surrounding the project as well.
Yeah.
Do you want to say anything, Rebecca?
Yeah, thanks for the offer, Alexander.
But I think, like, from, like, what Alexander said, that, you know, I can probably set the trading board.
I can answer it in, like, how the board bring in web-free users to Torn, maybe.
Because I think that, you know, if you have used one of these boards and you will find it, you know, they're really handy and they're really over, like, a streamlined and user-friendly approach comparing to the usual DeFi platforms.
And I think, like, people from these boards and that it opened up, like, many creative possibilities among, like, how can we utilize this board and how do we integrate with different, like, interns, right?
So, I think, like, one of the very, like, innovative applications of, like, the boards, I think, like, I think that's really also tied very closely with HM projects because right now, Telegram, you can open e-commerce store in Telegram.
And I think it would be pretty cool if you have these kind of bots that can, you know, find deals and find discount among, like, these stores in Telegram.
Also, I think, like, maybe personal finance management that, you know, like, for example, this bot, you know, because Telegram now you can on-ramp, off-ramp, right?
Yeah, USDT, and, like, you can manage how much you spend, like, or within a store, and then it can help you to manage your personal finance by checking expenses, suggesting, you know, like, which plan they create staking or where to stake your coins, you know, which lending or borrowing protocol is the best, you know?
I think it would be pretty cool if there are some kind of bots, you know, to do these kind of things.
Yeah, it's going to be cool, imagine, like, my own store up there, man.
Yeah, sounds cool.
Also, very soon, as far as I know, we will see a possibility to pay with Tone using, like, Visa or MasterCard, right?
Combining this with this app, which Rebecca mentioned, and all these DeFi is going to be astonishing.
Yeah, imagine two chains, two chains launching together and then working together on something that's going to be huge, you know?
Yeah, base and Tone, wow.
So, basically, like, in Tone, you can just one app.
You don't need any other apps.
Like, in Tone, you can do everything.
You can do shopping.
You can do spending.
You can, you know, structure your financial plan.
You can play games.
You can even, like, invest in new projects, like on, you know, like on ToneUp, you know?
Like, I think there's, like, so many potential just in, like, just in the one app in Telegram.
Yeah, sorry, I think I miscommunicated.
I mean, payments, payments, not base, but payments, like, card payments.
Base, yeah, yeah, yeah, base, yeah.
So, what about your take on it, Jerry?
Like, as in Launchpad, what sort of innovation application you like to see the most?
So, well, as I mentioned before, like, the first of the aspects we're going to look at is definitely going to be the gaming,
because the hypercatcher game and those RPG games and those social games has a proven mark in the Web2 world,
and they have a perfect place to group in Telegram and Tone.
And the second thing we're looking for is actually socialfy.
And, because, you know, in the Web2, most of the thing is social, right?
We have Tinder, and we have Bound Team, and we have those, like, social networks,
but most of them, you know, like a dating app.
Because it was really hard to create a value flow in the Web2 ecosystem, right?
So, even though you can spend money, but you cannot transfer money in the app.
So, there will be no value accumulated.
There will be no value transfer.
But with Web3, we have EID, we have NFT, we have cryptocurrency.
Those values can be storage, can be transferred, can be shared, can be identified,
like, with no centralized party.
So, that's what we are actually looking at.
And we think that this will be enabled, what we call the social app.
Maybe dating app, maybe, like, a job hunting app, maybe just random social network to have this ability
to onboard a financial part of it.
So, this will be the second thing we're looking for.
And we are really actively looking for those new assets and those new opportunities right now.
Yeah, sure thing. Keep my posted as well.
I'm quite excited.
Imagine a ton, Tinder, and then, yeah, Airbnb as well.
It's quite cool, actually.
Yeah.
And, hey, Rebecca, just one more thing.
Like, you mentioned about, like, ton can be, like, some sort of all-in-one place.
Put it in Telegram.
You can do a lot of stuff on Telegram.
But what was the challenge and the opportunity right there?
You know, like, what kind of challenge is that out there for the existing ton ecosystem
in terms of user experience and adoption?
Yeah.
So, like, as I just said, you know, it's, like, telegram or ton.
The telegram can be the, like, all-in-one, like, apps, you know, for ton ecosystem.
And I think, like, for ton, like, I think that there's a real chance here to impact the creator economy,
you know, like, platforms like Open OnlyFans, like, by streamlining the interaction between the creators
and their audience, isn't it?
And also, just like Jerry said, you know, it has the possibility to, you know,
in gaming and social media integration.
But I think, like, as, like Alexander said, you know, there's, the ecosystem growth is a bit slow down before
because there's, like, a lack of accessible technical resource.
So, making it very, a bit tough for a smaller team to get involved.
And I think for ton, if, in terms of, like, adoption, it has to be, like, build a stronger,
much stronger developer communities.
And also, I think, for example, because if you look at the ton, the app store,
it, like, it, in utilities, like, there are some apps that you can create non-consensual new pictures.
And I believe app store has taken down a lot of these kind of apps already.
And so, I think, like, the ethical concerns for, in the long run, for ton, ecosystem for the apps,
I'm not sure it's going to be a problem.
Maybe Jerry can, can, maybe Jerry can, can see, I'm interested to know what Jerry thinks.
You mean, in terms of how, how this sort of, uh, ethical issue is going to be solved, right?
Yeah, exactly.
Yeah, this is actually an interesting one.
Like, uh, it's not just for ton, you know, like, it's actually for a lot of people, you know, like,
when, when, when things being popular and a lot more use case or even usage pump in,
uh, the third, first thing or the first issue we ever have to worry about is, is the ethical stuff.
Yeah.
What's, what's your take on it?
Do you have, like, uh, do you have any prevention or do you have any solution for that on, on your platform as well?
We're just curious.
Hey, Jerry, can you hear us?
Hello, Jerry.
I think Jerry is, uh, is, can you hear us?
Yeah, there might be some, uh, let me see, let me check his audio.
Yeah, this, uh, yeah, I, uh, Jerry said he has some network problem.
Um, uh, it's okay, man.
Uh, maybe try, you try to quit and then, uh, turn back in.
Yeah, we're going to move on first.
Yeah.
What's your take on it, Alex?
Like, like, do you have encountered anything, like, as a developer, uh, when, when it comes to this sort of ethical problem?
Um, I think it's not just about the tonic system.
I think it's about the crypto in general, uh, because this ethical problem connected not just through, you know, Telegram or, uh, Tone, right?
Um, of course, we see a lot of, actually, on Tone, there was not that many scams, but now as it's getting more popular and more famous, a lot of people are trying to be scammy.
So, uh, be careful for sure.
And, um, for us, we, we, as we, for example, for learning protocol, as we haven't been the first in the whole, you know, in the whole space, we had already experienced.
And we saw, uh, other protocols and how they build and what's the best practices they used.
And we are trying to follow them and we, uh, advise, we're advised a lot.
So, of course, we're trying to be on the edge of this.
Thank you, Alex.
Yeah, I, I, I guess it's a, it's, it's a ongoing journey, you know, like everyone, we, we just have to work step by step and see what we can do along with community growth.
What about you, H&M?
What's your thought on the user experience challenges and opportunity out there?
Yeah, just a lot, uh, just beside with the payment that we mentioned earlier.
Mm-hmm.
Right.
I think, like, from consumer perspective, there are still two things that need to be handled, actually, not just from Tone and also from, actually, for Telegram as a whole.
So, the first one is trust.
So, we all know that, like, uh, the, there are some of the, uh, like, special use cases that happened on Telegram before.
So, uh, and also the, uh, the ecosystem consists quite a lot of, like, uh, both in some places and also some low quality users, which may potentially impact the, uh, the expansion of your project.
And also your, uh, community, like, overall, uh, like, uh, messaging delivery or branding and also user experience as well.
And also another thing is about, like, uh, so Telegram is still, uh, like, not, uh, in a very, very great branding, uh, in many areas, such as China and also Korea.
And as we all know that Korea is one of the, you know, biggest, like, uh, web-stream market with a great consuming power.
So, this may potentially be, uh, some impact, like, drawing on top of Tone ecosystem for its, uh, delivery and also the, uh, method option.
So, uh, that's, uh, two things I can think of from a consumer perspective.
Thank you, HM.
Yeah, trust, indeed.
It's trust and ethical.
It seems like, uh, yeah, I guess, I guess, to be honest, like, we just have to see how the community growth and how the project goes and solve them one by one.
Yeah.
Okay.
So, let's, let's get to the last one.
And we're going to wrap this up tonight.
So, uh, like, uh, along with the Solana Chapter 2 phone.
We also have Tone's universal phone.
I was like, wow, man.
Like, uh, when I see this phone personally, I'm astonished.
No, I'm, I, I'm impressed.
Uh, what about you guys?
Like, uh, what do you guys see about this phone?
And then what kind of potential empowerment it will have to you, to your project, and to, and to the whole ecosystem?
What do you think about it?
Uh, you are saying about Tone's phone?
Yeah.
Oh, yeah.
So, actually, Eva Perico will have, uh, collapse with Tone phone very soon.
Because we, um, I, yeah, yeah, I met the guys at the Hong Kong conference, and we had a, uh, really cozy talk.
And I think, uh, I think they are serious, and we'll try to, uh, be in the, uh, in the Tone phone as well.
And we'll see where it goes.
But I wish the guys all the luck and, uh, powers to build what they want to build.
You know, like, it's quite sad that, like, it's no longer active, the phone.
Yeah.
But anyway, yeah, what about you guys?
What do you guys, what do you guys, what do you guys take on the phone?
You know, yeah.
Are you guys excited about it as well?
I got a good news.
So, if you want to get one, I said, so, you can sort of, like, wait for the upcoming campaign.
Okay.
So, right, so, right, so basically, uh, yeah, we, uh, they've got the, uh, protocol, so we do have some
collaboration with them as well.
So, previously, we already helped them to do, like, a social various promotion already, back to the time when
they first do the announcement on the HK Web3 Festival.
And over that time, I think we helped them to acquire at least about, like, 55k page views across a
telegram code system, that's, like, one month ago, right?
So, currently, we are planning for our secondary, uh, like, virus promotion and, uh, well, they don't
need a virus selling because Topo is really, like, informal and hype right now.
So, basically, we're going to, like, work together to support each other for the social-based
promotion, uh, leveraging our, uh, platform for social virus promotion.
Yeah.
So, that's the thing that we are going to do.
And it's, it's definitely, like, back to the narrative for, uh, their product, uh, which
is created by Oyster Labs.
So, uh, I think this is a very great thing that's definitely in need for Tom ecosystem.
Because, basically, you're seeing from how successful, uh, the, uh, Sonata phone got out
there, right?
So, uh, definitely, I think for Tom ecosystem, first of all, uh, as a project builder, I believe,
like, we all believe, like, we all, uh, like, really appreciate that there is something, like,
some physical devices like this that can show up in the ecosystem and where, like, a lot of,
like, Tom, uh, native project we can, uh, seamlessly embed it in and to expand our, uh,
user scenarios to more use cases and also in real world and, uh, like, offline, uh, like,
offline ecosystem.
So, uh, that's definitely a good thing.
And, uh, also from Web3 perspective, I know the founder is really working hard to aggregate
a lot of, like, airdrop rewards, uh, for the, uh, phone, like, uh, uh, consumers.
So, uh, I don't, like, judging by their price, I think it should be, it definitely should be
a great deal out there.
And the founder is really, like, trustworthy.
So, definitely, I think you can, you can try.
But do, do your own research, okay?
I don't responsible for any of the suggestions.
Yeah, right, definitely.
But still, like, D-Y-O-R, yeah, the first one in Web3, yeah.
But still, we're going to have some collaboration.
Okay.
It's going to be cool anyway, you know, like, imagine you have a phone, a phone of Web3,
and then you're targeting all the Web2 and Web3 user, and then you have the D-app.
So, it's just going to be cool.
Yeah.
Uh, I personally, I like it as well.
Yeah.
What about your take one?
Yeah.
As a researcher, do you have anything, like, you're excited, or, like, uh, what do you think
about, uh, the whole approach?
Okay.
So, I believe that the introduction of Tom's universal phone, uh, marks, uh, crucial
staff for world in Tom's journey.
Uh, by leveraging the D-Ping sales strategy, uh, Tom can effectively,
attract a vast influx of new users to the Tom ecosystem.
Imagine the possibilities if Tom were, uh, to officially endorse Tom's universal phone.
That will be a game changer.
And I don't think, uh, Tom's, uh, universal phone is too expensive.
I think it's like, uh, 99 USDT, right?
Uh, it's, it's pretty cheap, actually.
Uh, well, some might draw parallels between Tom's universal phone and Sonana's, uh, page
two phone, chapter two phone.
So, uh, and, uh, it's essential to recognize the unique context surrounding each project
for Tom's universal phone, uh, to truly thrive, uh, waiting, uh, flourishing meme ecosystem on
Tom and a surge of new capital flowing into the network.
So, for Sonana phone, where, uh, why there's so many users want to buy Sonana phone?
Because there's airdrops from, uh, so many kinds of meme coins and it was, uh, was something.
For, for me, I got, uh, two airdrops from two meme, two kinds of meme coins and it's already
covered by, uh, cost for, uh, purchasing the Sonana phone.
So, I believe, uh, if, uh, we want, uh, Tom's, um, universal phone to flourish, uh, we need, uh,
promote, uh, a meme ecosystem on Tom.
And I believe that some may question the timing of, uh, uh, Tom's, uh, universal phones launch
considering the challenges, uh, faced by Sonana chapter two phone in the past.
However, I believe that with just a few months to go, we are on the, uh, cusp of, uh, wave of airdrops
and, uh, wealth generating opportunities that will revitalize the Tom ecosystem.
So, in conclusion, I wholeheartedly support the Tom's universal phone and its, uh, potential
to revolutionize the Tom ecosystem.
So, let's raise the innovative endeavor and work together to usher in a new era of growth
and prosperity for Tom.
Thank you, Wong.
Um, yeah, indeed, you know, imagine Web3 phone plus the app and plus MemeCoin.
She doesn't like that.
Anyway, thank you, guys.
I appreciate, I appreciate we have a lot of inside conversation and you guys provide a
lot of feedback and suggestions as well.
And thank you, guys.
And, uh, uh, to all the Connix friends you're here, be sure to follow this project.
Follow Jerry, follow Tom, follow Juan, follow HM, follow BountyBay, follow Alex, uh, and then
Eva, and Rebecca, PLBDC Capital as well.
Thank you, everyone.
I appreciate that.
We have a nice talk.
Cheers.
Thank you very much.
It was a pleasure to talk.
Have a good day, everyone.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
