UpSideDownCat weekly spaces - Episode 3 ft. Ansem

Recorded: Jan. 26, 2024 Duration: 1:29:32

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Yeah guys, what's up, um, thanks to everyone for joining
Wasn't be the third
Weekly spaces for upside-down trap. We're waiting on our I guess to arrive at the moment
But when he does he'll be joining us up on stage
No one cares about you. Drag us
Except me I
Care deeply about you
But yeah, I think we're waiting for one more person to join
If I see them I will bring them up to speech I don't know if they're gonna request
Yeah, if not, thanks to everyone for joining this as usual. I'm joined by
Dre just as well with my co-host and yeah, we'll just give this another one or two minutes and then we'll kick things off
Man graduates, you know, I get the music working again. I can't do it. I'm not sure actually can't do that once you stop it
Okay, that's fine. We'll just have to actually talk which is a big shame. Yeah, it's fine
Or get a um, you back in Europe now you still in the US. Yeah, I'm actually got back home like two hours ago
I'm so shit. Yeah, and I'm also playing music tonight. So
I'm absolutely right but full of energy as well
Of course, man, you're our future
DJ for the USCC live event. Oh, yeah
Yes, yes, I'm excited for it give me give me to do a back-to-back with baby go
Exactly. There you go. Mate, but you're both on the same level to be honest
Oh, yeah, me with crypto her with music. I'm sure I
Remember I just meant both. I went with music. Yeah, I know. I know. I know but I don't feel I don't I
Don't think that highly of myself
All right, I get you right. Yeah, he said everything is green. I
Know me. I know it's pretty fun, right?
Kind of woke up this morning and everything's like did you sending which is very nice
Yeah, I mean should be nice for alts even if Bitcoin doesn't go crazy if it just ranges here
Should be pretty crazy. Yeah 100% and we got the
Solana specifically to like it's like the Jupiter air drop coming this week as well. Oh, yeah
100% and I think they had the when coin just came out. I think I've not like I've not really looked at that
I've been super busy this morning
But like yeah, I've not really looked how that's performing or whatever, but I think I went live earlier today
So, yeah, I mean I think that's gonna be cuz that's like a cat coin, right?
Is it I think
Yeah, I'm pretty sure cuz meow that like the Jupiter head is like or by the name like obsessed with gas really 55 million market care
Is it Jesus Christ? Yeah, it is
I mean if I'm looking at her I just typed when on deck screener, but it launched two hours ago. It's
Yeah, I mean, um, I think they air dropped everyone right? So I assume we've all got like
$10 worth sitting around somewhere in a wallet
Dropped everyone who used Jupiter or yeah, I think so
Yeah, I think so and they have to check one of my wallets now and yeah, I've not claimed it but it seems to be like
600,000 or something to rotate. I don't know how much that's worth though. I assume there's like 12 zeros in front of when
Wait, let me tell you
No, there's like wait, so how much did you say do you have things like 600,000 each wallet?
Okay, so it's like four zeros and then five
Yeah, that's like so probably not that much
That's like $40 a walleye. Yes. Okay, you can get you can go to Tesco's or something
But yeah, if anyone's got like 20 30 wallets then from my airdrop farming, that's like
Hello forfeitures for someone that's not too bad. I guess yeah, you can like sell it for
USDC. Yeah, you're listening to me cope live on stream about getting like $40
Hey, it's not so bad if I've got like 30 wallets
It's okay
Hopefully the actual Jupiter a drop will be a bit better like our stimulus package, right?
Yeah, I mean I think that should
that should
Revive stuff on Solana
Another has been dead, but you know what I mean? Yeah, like nice. Oh, you're not as crazy as it
Yeah, so we finally have our other speaker joining us on stage and some what's good was good. How are we?
We're good. We're just chatting about how we've all missed the when airdrop that went live today
I've even had time to check my addresses yet. How did what was the eligibility for it?
Think literally it's like if you've swapped on like Jupiter before like last week
Oh, and it's like it's like a flat one. So like we're all getting like I think we just worked it out
It's like $40 per wallet
Bro, I should get that on. Hello wallets then
That's what we're saying. We were like
Yeah, it's like 60 million market
Yes fucking mass 65
I mean it makes sense Jupyter's fucking chat
100% what do you expect if you said like
If we send the when point like a hundred million plus that's got to be like a beta to Jupiter itself, right?
And so what do we think you do? I think Jupyter's born 10 billion plus bro. fdb. I'm not gonna lie
So I would I would take that have I ever told you guys have ever told I don't think I told you guys about my friend who ran
Arbitrage on Jupyter in 21 just like as a test
with his friend with his brother like with a script and like on a few different wallets and he has like
Like millions of tokens. Oh my god, millions
Literally could have could have not done anything the guys like hustling like crazy. He could have like not done anything this entire
Bull market like the past two years and just come in like and cash in
I think he has like four or five million tokens. Wow
That's insane
But it's the only exchange that he ran the arbitrage on literally only on Jupyter
There was like a one-off experiment
That's like the people I know they're like, you know like with juto like somehow I only like
Jito is like I had like maybe 20 wallets farming on like Solana somehow
Only like four of them use Jito, but I had like people following me
Who had like a hundred dollars worth of Solana and they'd found like five to six wallets and got like
Mid five figure airdrop from Jito and it's just like
Fucking love hearing that it's like insane
Yes, awesome. I had a ton of people literally only stake like one or two soul and fucking printed off Jito
So it's kind of sick
Yeah, it's been insane. Hopefully I mean I feel like
I'm hoping that more of these like
Protocols on Solana and it'll be air dropping soon following Jupyter
Um, a lot of them start doing their points, which is
Yeah mixed reception, I guess but I think there should be a lot of them. Hopefully coming in the next few months
Well, dude, I think what they're doing is is for the points thing
I think like a lot of these protocols have early rounds, right?
And then like they want to raise another round and you know, they're gonna do a token but they're pre-token
It's like if they do point systems and then all their metrics go up
Then it makes it easier for them to raise another round in addition to them getting people to use their protocol before the token
So I think that's why a lot of them keep doing it
Um, I was thinking about this the other day
I was like why the fuck are so many people doing points programs?
But it makes it honestly makes a lot of sense because like it boosts
For the token so yeah
Or listen to me on this you launch your protocol you rake in like
25 30 million in fees, let's say and then you never launch a token. You could also do that. It's not just friend tech
Drejos we won't talk about friend tech. I don't want to hurt you
I don't want to make it a friend tech conversation, but no no I thought I thought that was a funny interjection
Yeah, you'll do all right
But you know that kind of reminds me of that silicon valley scene, you know
It's like you don't want to have revenue like you want to be a pure play you want to be like pre-revenue pre-launch
That's trying to how those um those point system seems to me is like if you've not launched a token yet
Like you can be valued at anything and they just boost these metrics
And yeah, it's it's very like short term. It's like seeing um
Some of the threaders on twitter who do like a like I don't know. They'll do like a speculative
Like growth graph on like oh if these like stats increase over the next year
It's like bro. The protocol has been out for a week and people are farming your airdrop like these aren't the real stats for users
I think that's what I would like perp DEXs and stuff
No, 100% I think the perp DEXs are cool, too
Um, I think that's like one of the areas that it's gonna be it's gonna do. Well, this this next cycle
Yeah, I think we should uh take me we have to talk about the stuff that has the most utility
Enough is like revenues and all that stuff, you know, it's boring
We're here for the memes
100% man drejos as our kind of host. What would you like us to start with today?
I mean since we have anson here, I think it would be it would be cool to just kind of
Because I don't know you you've been like
Living on on chain on salana and all this stuff. It seems like you're in everything and i'm just kind of curious like
how do you
How do you go about it? Like how do you get all these meme coins? What do you look out for?
What do you think makes a good meme coin, etc?
And then we can like dive into more specifics
Yeah, dude, i've been all over the place man. Um
Like basically non-stop because I mean most of my most of my funds are salana anyway
So it's like my long-term bags are just so
Um, so it just makes sense for me to be the most active on that on that chain
Um, that's like how and it it it's beneficial for me that so many people have moved over recently in the past like three four months
So activity is pretty concentrated on salana right now
Like a lot of people have realized that the ux is a lot better than it is
Um on eth and you can also buy things for literally like no no cost. Um
But yeah, I guess the way I think about it
With with memes. It's kind of I've talked about it a good bit now. It's kind of betting on
Like culture and like social trends. Um
Right, like we have the past 10 years or so
We've spent a ton of time on the internet like facebook instagram twitter
more recently tiktok and on all these social social apps you have these trends that emerge whether they're around like
Um, like people individuals like objects like whatever bullshit but these social trends that go viral
Like whether it's a song like whatever dance, whatever
Um, a lot of these things go viral on these apps and previously there was really no way to capitalize on something that you thought
could possibly go viral
And like make money off of it
There's really no way to do that
Like if you're on tiktok you see this dance going viral
You may do the actual dance or like watch some of the videos you may think it's funny
But there's no way for you really to bet on on that getting more viral or like spreading to more people
And I think what we saw with dogecoin
in 2020 was
That meme went super viral because of elon and elon kept pushing it all over the place
Everybody understands like what the fucking dog is everybody likes dogs. They're like, oh it's a dog coin
People who did not know what stocks were crypto where trading was investing was we're buying dogecoin like ten dollars worth
50 dollars worth a hundred dollars worth whatever
So I think like the reason doge went so high is because not like not that a ton of people were like
Oh, I think doge's going to a hundred billion market cap
It was more so that it got in the eyes and attention of so many different people
That the like just the sheer amount of people who knew what doge was and were buying a little bit of it
Caused it to go that high and I think when you have these memes that can go viral like this
You can see that happen again and again
Where it's like if something goes super viral and everybody's buying like 10 20 dollars worth of something
Um, that's how these memes go like parabolic
So the way I think about is like just betting on social trans culture like virality of all that stuff
I think that's like it's a call option on that and if you look at how
the trends around sports betting
gambling in general
There are a ton of people who will spend like 10 dollars on a sports parlay trying to hit for like
a thousand dollars plus or whatever
Knowing that they're probably not
Going to win the bet but they make these bets like every single week
And I think that meme coins are similar in a way where it's like
That people will throw money at these hundred k market cap coins one million market cap coins
Um, not really with a high expectation of them doing well
But they're like i'm gonna like place my bets anyway because if they go 100x
Then i'll make 100x my my capital. So it's kind of like an overlap of those two things like degeneracy culture
Um becoming more viral more popular and also just like the social media internet
Um culture it's like when i'm looking for memes that I think you're gonna do well
It's like i'm kind of thinking through that like what's the most relatable to people?
What do I think is gonna go the most viral?
What do I think people like haven't been talking about yet, but are probably going to be talking about in the future
Um, and then as far as finding them
Um, essentially on deck screener i'm on bird eye
I'm in the fucking my my telegram chat that i've made which is like 17 000 people now. They're non-stop
Going in there with tickers
Basically all day. I use bok bot a lot which is like the the telegram trading app
For trading things. It's basically just like one click buy sell like just enter the contract address and you can buy and sell whatever you want
I think like that that like ease of use I literally can do it from my phone wherever i'm at like
I don't even really need to be tapped in or at my desk or on my laptop like when i'm outside I can just buy
Um stuff pretty easily. So that's what i've been using. It's like my my set
I think using the filters on deck screener can be helpful
You kind of can like look for the super early launches and which have a ton of transactions
Um, if you use rug check xyz, you can look at if stuff has liquidity locks the um, like the top holder percent
Um all that stuff which is important because like devs will launch coins and then rug them if they don't lock the liquidity
Or they will launch coins and have a fuck ton of the supply and literally just dump on you
Immediately. Um, so checking those things is also important
And then just like on crypto twitter, it's it's kind of a good signal to figure out who's talking about what?
Uh, and there's some of the smaller accounts that can talk about memes now
It's like hard for me to do it. Like once I talk about stuff, it's it's
It's like hard for me to talk about stuff early, but there's a lot of smaller accounts that are doing really well
Um, I guess that's like a general overview how I think about think about stuff
Nice I said that was pretty like comprehensive to be fair that's pretty like solid answer i'm not gonna lie
Yeah, I think I would share some of you on that like
Betting angle as well, which is I think we saw it even like years ago now
We saw it with like covid like the like the gm or
Yeah, the game stop stuff essentially. Um
Well, like everyone kind of piled into that and I think you
You kind of hit the nail on the head there
And I think that for me covid's kind of when we saw this like cultural shift towards this and that's obviously when
When crypto really like took off again, right? It's like everyone was forced
To be on the internet more and I think like
I think we're already heading in this direction. So that was like the catalyst that we needed
and the interesting thing for me that you said is like
People are speculating on this stuff
But it's very interesting because I think like people often see like speculation as like the ends to this
And I think just kind of the means so I think just the way that like people become involved deeper in crypto and I think
The powerful thing with memes and I spoke about this I think on the movement spaces briefly last night
was basically the
memes being so simple to understand as you said and some and then like
They're so
Egalitarian in a way that like projects aren't like if you join like a really complex d5 protocol
First of all, like even to invest you need like a certain degree of financial literacy
Then it's really hard to actually be like actively involved in it
Whereas like memes what's brilliant is like
You can be alongside someone worth like nine figures who runs a hedge fund and you can have like ten dollars
And you can both make memes and you're adding value to the community
And they actually allow you to have like a sense of ownership over what you're investing in
In a way that I think a lot of other things
In crypto don't and then obviously more broadly when you go to like other asset classes even more so
and I think it's it's really interesting because like
That is actually how most of us got involved initially
Like maybe we didn't think it was a meme at the time but like if you bought xrp at the top in 2017
You didn't make money on that investment
But it was the means that got you involved into crypto and now hopefully you're doing a lot better
You probably have some mental health issues, but other than that you did
It's kind of a really interesting angle for that for me at least
I just to add on to that. I think like we've seen i'm sure on some you've obviously picked up on this as well like
We've seen kind of like foundations and the ecosystem themselves recognize
Or begin to recognize like the power and like the cultural
Assets and in terms of their wanting to become more and more associated with this which is really funny for me
Because I think people think it will be the opposite way around like
Uh the opposite way around right the thing like memes if ever gonna want to be associated with like
Big banks with all this stuff same with crypto. It's like no the objective is the opposite like we grow and we
are early to this thing
They do they come across to us. It's not the other way around and you see like
People always want to be involved in stuff that's going viral this kind of
Got I guess some sort of social value to it as well
So I think when people see that kind of stuff happening, they get on board and you don't actually have to like force them on board
People to get for people to understand them like everybody's own that's what i'm saying
Like everybody's on social media
It's not everybody understands what a fucking l2 is roll up is like da layer like all that stuff people don't understand
But everybody understands memes like literally everybody
So just the target market is a lot bigger because people understand it much easier
Dredra, sorry, did you want to jump in?
Yeah, I also feel like it's changed so much
Versus the last pool because the last pool you didn't really have
that many meme coins like
You started having them but it's you can think about those you can think about chib and they're like, you know
insane insane stories
But now it feels like there's memes it's changed so much as like memes being launched every day
So many of them die very few actually make it
As ansem said like they might get rubbed
Um devs might sell a lot of um, like they have a lot of supply and they just dump on you and they just go to zero
So I guess the question is
with increased competition
Where is the like, where is the upside? What can you?
What can you like if you don't hit one of these ones that actually make it and become
I guess the question is how do you get there? Like what's what's the commonality between all these ones? Like what's the commonality between?
Like used car upside down cat, I don't know. There's like so many of them right now on sana specifically, you know
Like pepe harry potter bama sony, you know, like have their their heyday
Um a few months ago, so i'm kind of curious like what what kind of things do you guys look at?
For like the ones, you know, like the one out of one out of one thousand or ten thousand meme coins that actually makes it and goes crazy
Yeah, I guess for me
It's like I kind of talked about a little bit earlier. It's like how related will the meme can be that's like
That's a good thing. So it's like with wiff
It's everybody likes dogs
It's like the meme is super easy to put on literally everything like this the slogan like hat stays on
Like if you ever wear a hat
Like oh hat stays on like anybody who's wearing the hats like oh we associate with wiff
So it's in people's heads
It's really easy for it to be like at the forefront of people's minds all the time
And then like the actual edit like the photoshop edit you can put that fucking
Um, the fuck with the knitted like that knitted hat on anything
And then you can also put like a ton of different different hats on the dogs
So it's like really easy to meme just like across different
Um, basically everything and it's also really easy for people to like relate to and then i'll say the second thing is like
how viral
You think it can go like I don't really know how to predict that
I'm tend to be pretty good at it. Just trying to think through like what I think is gonna go viral
It's obviously just from being on the internet forever
Like i've been on the internet for like a super long time before I was even doing crypto
So i've seen trends kind of like emerge and go viral across different social apps like over and over and over again. Um
I don't really know how to how to explain like what what I what I look for there
And like why I think stuff's gonna go viral. It's more like it's like gut feeling to certain extent
Yeah, it's really just I guess it's kind of like intuition like what I think is it could go viral
Um, and then I would say the third thing is like you're gonna need a strong kind of community around it
So a lot of these memes
Oh, if they launch and have like I said if they have a ton of distribution to
early wallets or like team members
Um, they're never gonna do well
First of all because people don't want to buy it if the team owns a fuck ton of the token
Second of all you're not going to have as much community distribution of people like a fuck ton of people owning the coin
And like in smaller allocations is way better than like 10 people owning the coin
In large allocations because like whenever the coin is going to go up
You're going to have these people who have outsized returns relative to everybody else and it's going to be hard
Um, like upside is going to be capped
Whereas if you have a ton of people
In the coin like the number of wallets you really want a high number of wallets in your in your coin. Um
If the distribution is better
It's like way easier to have community because the more people that own the coin the more people are going to be talking about the coin
And then it's also like less people
Who have a concentrated amount of supply to dump on you? I'll say it's probably like the three main main things like playability
How viral you think you can go and then like distribution I would say
Yeah, I mean I actually wanted to ask you about community because yeah, it makes a lot of sense and like
it's one of the things that I liked about um upside down cat that
This this madman like revived it from adk or whatever. It was like market cap
So pretty much everyone all the devs had dumps, right? Like they were out of tokens
It was pretty much everyone who bought it up from like adk upwards
so then you kind of like establish an organic community from the get-go and it's like
all these people who
kind of like believe in like the um
Like resurrecting it so it kind of it kind of um
You don't have the the the possible negatives that you would have when you have like devs and like insiders buying up a coin
And then and maybe tina
Maybe you want to talk a bit about this because I think you touched on it in like past spaces as well
but I think with usdc specifically
It has a lot of resemblances like as you said anson with like the dog, you know dog with hat
And you can mean hats you can mean dogs, etc
Whereas here you can mean cats you just put them upside down
The ticker as well helps a lot and whoever like whoever wants to jump on board
They can like just post a photo of themselves and like make it upside down
And then it's kind of like communicating to everyone else in the community that hey i'm part of this community
So you have to have all those linkages
Um, and the more you have like in this case like ticker
Um the photos some sort of way for like people to signal that they're part of the same group
Um, I think all that contributes like a better community and like a tighter community and then obviously like as the price goes up
People will be up astronomically, but I guess the more the more retarded we are in holding it the higher thing though
Yes, literally
You need a you need a group where it's already people who are really just not gonna sell that's how shit that's how shit goes super high
Yeah, 100 I think that's um, yeah again kind of agreeable but like both of you saying that so like
obviously, that's kind of when I got involved with
Upside down chat that was kind of super unintentional and like the reason that I did it is literally
as we spoke about before um
dreadlocks like I literally just found it funny and I think it was
like a couple of people that I spoke to at the time and we just started posting it and for me like
if I find
Similar to kind of what anson said there about kind of how he gets involved with
Like different names. He thinks he'll do well
For me. It was like well, here's something that I just found funny
And then when I found out like the developers had abandoned it completely and sold everything
That kind of almost made it funnier to me and I didn't really like intentionally
Plan to take over. I think if you told me that
Three four weeks ago that this is what i'd be doing i'd probably
Not believe you. Um
But yeah, like I think that's been
Like for us has been our strength. I guess dregos obviously later would touch on like a few updates
And some author are kind of about what we're doing with upside down chat, but
what's been interesting for me is
Like we've been pitching to like a number of funds
Um, even last night was on a call like after the movement lab spaces. I hopped onto a call with
fund essentially and just immediately they got it they found it funny and
That's obviously been the same thing. We've seen I think with like dole with hat like I think for me that's obviously been the
The like initial runner that's really nailed that in my opinion in terms of like simplicity
I think this is really interesting because people assume that like funds and that aren't looking at these things
I don't buy on the side that they 100 percent do and
They want to be like as much of a part of this cultural movement as anyone else and
I think trying to join back to them that original point by again by dregos and also by u.m. Some is kind of
That early community effort is so important and I think we've seen it with everything that's
Survived you have like one of two things and usually
kind of a bit of both
But like you have like a core team who's really devoted to what they're doing and they really get it
and then secondly you have like a community that
builds around them and has a like transparency and trust in what they're doing and
obviously, that's what we've been focused on trying to build these first few weeks because
I like to never just read about meme coins and
I think like outside of bonk. I think like bonk is one that I traded and I feel like that's slightly different
But like I remember getting messages asking if i've been hacked because I started posting so much here about this fucking cat
yeah, it's just kind of been
I suppose a bit of a
Crazy journey for the last few weeks, but what's been insane to me is to see like how
Committed people are and once you see that like buy-in from community
I think it makes you want to
Work even harder to make it a success. So like
a couple of things from today even is we've got like
A bunch of people have come to me who are now wanting to build stuff out with upside down cat
Um, which is great and
I hope I can talk about a little bit later
But yeah, just like seeing that
Is amazing and I think it goes back to my original point which is like
memes in communities offer the opportunity for people to build and to do stuff and to be involved and be creative
And then to like monetize that which is fucking awesome as well
Yeah for sure I think people rallied around like but
It's very easy. It's like a lot easier for the community to rally around if there's like a leader there
Oh, we're just kind of funny with memes, but but yeah, I definitely agree with that
Was actually surprised that um
Like you told me but I was actually surprised that funds go for this kind of stuff
But then I realized you know what I mean? Like it took me a bit to like, oh shit. Okay
This thing is like bigger than I actually thought it was
Well, I think it makes a lot of sense. Yeah, I mean funds like making money like anyone else and they're degenerate
but secondly, I think this is like
Something that's like having worked in like tradfi I saw all the time
Is there's like the ego element of people fucking love to be early to stuff
Just like like we post on twitter and like we'll quote tweet something from six months ago
Because you love a little bit of cloud like there's not like we all talk about it. Like it feels great
Like if funds can put out like pieces about
Like whether it was nfts early or like memes early and they can put like a thesis out and they can go look
We kind of like this idea. We think this is a new asset class
it really like
provides them an edge
As a fund and they look really forward like forward thinking and that's great sales for them
I think it's like
Something they're always looking at now whether they're all
gonna be on board with memes is a different conversation that as a general point like
People who are like especially they're like crypto funds, right because you're you're naturally going to be
You would imagine at least like geared towards this kind of thing. So yeah, I think people would be very surprised by like
Interest you get on that side of things and it's been really funny for me
Because it's been like the easiest sell has been talking to people who are
I guess what you'd imagine to be a bit more institutional or a little bit bigger
They are the ones who've actually got on board with it really easily. It's um, yeah, it's a funny thing really
Yeah, dude, bro, everybody's a degenerate really everybody's a degenerate
Yeah, I think we said last night say
What like amount of money do you imagine like you get to wait just stop being a degenerate fuck is like there's none
I just keep going
Yeah, so yeah, just keep betting more and that's basically to be fair that's basically like our pitch is like
The behind the scenes source which is people keep asking me how I get like these intros people
I'm like, dude, if I just send them a thesis on memes and I'm like, oh, yeah, we're like 10 million
So yeah, so like DGN gamble on us. It's kind of a much easier sell
And everyone loves to be early to shit. So I think that's kind of
An interesting angle for that kind of thing
But yeah drejos i'm not sure if you're trying to have wanted to speak about anything else on this obviously we've seen
Solana has been like the home of memes for like the last six months and
My view is kind of the
I hate to say that it would continue because I feel like then people come back when there's like a down moment and go
Look, it's back on eath. It was never going to last but my view is like longer term
Well as long as as long term as you can talk in crypto like it makes sense to me for
Solana to be alongside eath and be that more like retail accessible chain and therefore
That makes a ton of sense to me as to why like
memes and lower mark lower market cap coins will really like thrive
um, especially with like things like jupiter where
I'm not gonna lie. Like the ui on it is just really solid. I really enjoy using it. So that helps a lot
Yeah, I agree it's super easy to trade on so I mean I I don't really know
I people i've seen a lot of people say that like the rotation back to eath
But I don't really i've been thinking through I don't even know why like if you're trading on solana all the volumes of solana
There's stuff that there's constantly new stuff launching
Um, there's still airdrops that haven't dropped yet. All the new protocols are there's a ton of new protocols on solana
If you have a better ux on sol
I don't know why you would really want to go back to eath and then pay more fees than you're currently paying to do
All of your trading it really doesn't make all that much sense
Um, like the reason I think sol struggled before it was like there wasn't a lot of activity there
So it was like kind of hard for
To to reason through why you're over there because there wasn't much to trade but now there's literally so much to trade
At all hours of the day like non-stop every week
Um, and it's like on par I think with as much stuff is available on eath
So it's like I I don't think there's going to really be a large migration back
I'm not saying that there's not going to be new launches on eath that do well
I'm sure that there will but as far as like people just leaving sol, it seems unlikely to me
Now 100 percent and actually did you see um, i'm not sure if you're used to sensing. Did you see like the tinder swipe app for?
Oh, it's fucking hilarious. I think it's super
It's super early. I can't remember the name i'll try and find it afterwards
But it's like it's literally like the tinder format and basically it shows you like a picture of the chart
The name of the like the coin and the ticket and then like some basic information around like
Kind of like is lp like locked or burned and then like the market cap and the volume
And basically swipe right or swipe left and like if you swipe right it kind of um
Like takes you to the buy function for it
Um, which I thought was fucking hilarious
And if they can build like a bit more functionality around that I think that's such a funny idea like
If you can have like a tinder style app, but for like degening shit coins
That's like a billion dollars right there
That's that's honestly a great idea, dude, that's fucking hilarious
Yeah, I like I genuinely like dude that's legit brilliant
Yeah, I used it the other day but like a tldr of the mean coin
You can see like it's a cat but it's upside down go buy it, you know, or like it's a dog. Where's the hat?
Exactly. I think the funny line as well is like you're more likely to get fucked trading on there than you are using tinder
So it's a good sales point anyway
Hehehehehe
That's fucking hilarious
No, literally this is done. This is on salana. It's made of course only only possible on salana
only possible ones
You can only get fucked on salana exactly I guess it works well, there's so many there's so many insults in crypto
So, you know exactly how you do and they can all get girlfriends or they can get fucked
Yeah, it's beautiful. It's beautiful. Um
Right drejos you're like
I'm like chaos. I have no idea what I'm doing ever. You're like my organizational
I like I don't know my center point that I come back to all the times
Is there anything else on this that we kind of wanted to talk about or you happy to kind of move on?
No, I think I think we covered most of the mean coins. I don't I don't have any other more questions
We can just like kind of free flow. Um
We can ask I don't know. Yeah, we can just chat
Yeah, and stock and stuff. You can give us maybe some updates on us. You see whenever you want to
But yeah, yeah, I mean i'll run through that real quick because that's like uh, it is our weekly spaces
So just trying to we've been trying to update people
With stuff and I realized I've just not done any of that at all
But yeah, like i'll be super brief like for people who don't know because I imagine we have a few listeners that might have joined because of
Ansem today. So if you're kind of new to upside down cat it's
It was a like hundred percent community takeover about three four weeks ago. Um
When the original developer basically sold it all fun stories. He recently launched a derivative he launched usdt
And uh, it went to zero, but I thought that was like a fun
A fun little way to know that we've succeeded is that the original dev was deploying a derivative of the token we took over
But yeah, essentially a few of us kind of took over on this when it was dead
and over the last three or four weeks it kind of
built a pretty strong coat around upside down chat having a ton of fun and
I kind of have been I suppose like I had a few people call me the um
The step founder because it's like I kind of like came in after like the original
Original dev went out for cigarettes and never came back
I like came back
Uh came in like a week later. Um
I'm your new founder now. Um
But yeah, it's kind of been it's been pretty crazy. We've grown from like
100 people in the telegram to over 2 000
Likewise with holders, obviously
The coin itself has done what it's done. It's it's solana memes. They go up and down but generally we're going up, which is good
Yeah, like the very brief thing has been kind of in line with the vision and thesis that we spoke about the start of this
spaces around like
meme culture and
that like speculation bringing people into ecosystems and ecosystems wanting to tap into that
as well as
It being like memes being like a facilitator for individuals to become
Owners of the things they're involved in become like actually involved in the community and to build
All of those things are kind of central to what we're doing. Um
so for me, it's kind of like a
There's like a highbrow like experiment almost to be like let's see let's like test this thesis and push it as far as we can
So yeah, like the quick overview would be like
Two weeks in we got our first we pitched to our first fund to invest in us which
I think like a fucking meme in terms like in and of itself
like I took like an abandoned cap and then in like two weeks have been pitching it to funds and like
Market makers exchanges protocols anyone you can think of i've spoken to and I just find that fucking hilarious
Um, and that's like such a crypto thing for me, and I I kind of love it about this space
We've kind of we're obviously on a spaces last night with movement labs who are someone that we
Are kind of building relationship with the guys over there are amazing. Go listen to that if you haven't
And yeah, we kind of been building relationships
Within crypto as a whole and then obviously on solana specifically
And yeah, that's kind of like the briefest overview I can give of what we've been up to. Um, the recent updates this week would be
We've updated the websites. It's the same link
But we had the original website up for a while and we're trying to revamp that
It's still like a work in progress, but we just wanted to get something up there. So that's pretty rad
um, we have
Let me just pull up my notes. This is a shit ton of stuff
Um, actually as of today i'm in discussions with a new nft project who are going to be launching who we're going to be
Working with probably get some nice benefits to usdc holders there. Um
Also spoken to a number of projects who are kind of similar level to movement
So we're trying to looking at like network slash blockchain level stuff. Um
Who are well one of them yet to launch two of them are live already and people would know very well, um
We're looking to collaborate with them and the focus of those collaborations is kind of like
wanting to bring
Culture and memes onto their chains because again, they recognize the value in that and from our side
Obviously, it's amazing to work with kind of smart builders in the space because i'm an idiot and I can't build anything
Um, so listening to them is great
We're kind of continuing on the exchange listings because I know people asked about that
as i've said before we kind of turned down a lot of early exchanges who contacted us because
I wasn't too keen to be listed on them. Um
So there's kind of a certain caliber of exchange that we're talking to and
My view really like that. Yeah
But yeah, my view is in the next couple of weeks if it makes sense for us i'd like to get us on to
Our first exchange and there's a few that we're talking to at the moment who
Might be the right fit for that. So we'll kind of see how that goes. Um
As I mentioned earlier i've been pitching to a number of different funds so
We're trying to have been building those relationships with them
Again kind of about upside down cat and then obviously the meme thesis more generally that's going really well
Those things move a bit more slowly because you kind of build relationships with people first
Um, we've done a similar thing with a number of market majors. So
A few of the market majors we spoken to are like the biggest ones in the space and the view for them would be
For them to work with us once we got onto
An exchange or two, so it's trying to just aligning those things up. Um
Which again is for me. I feel like an important step to allow us to scale
And then kind of on the
the smaller stuff we've kind of
We've added some fun stuff like the telegram. So we partnered with pal ai last week
So now like we have bots to flip
Pictures dfs and any text in the telegram
We've got ai generated cat pics whenever you asked for them with anything at all. Um
We have some other bots I think that i've already forgotten about because they've all been updated this week
But we've we've got a couple of community builders who are launching some stuff to utilize usdc. So
I think i've spoken before about the
The cat being flipped upside down like gambling game that's coming hopefully in the next week
Uh, we've tested all of that. We're now just finishing some well, we're helping support them with some front-end work on that
And we also have I think probably
three or four
more like
game type things potentially being built by people in the community for usdc into like utilize it which
From my perspective super fun because I don't want us to be building anything because again, I can't but also
I want us to just be a meme
But I really love the people in the community do want to come and build stuff for us. I think that's fucking awesome
we also have
Then on that and I think
We have some cool like marketing stuff that we're putting out in the next few days again
That's kind of been from community people. So
I'll post that when we can
We've also been focused a little bit more on branding because one of the things I was conscious of was
That we're a little bit
Not all over the place, but we weren't as consistent as we could be because things kind of
Evolved naturally. So we've been putting a lot of work behind the scenes to get that sorted and I will be giving
Some updates to the community about that this week and asking for some opinions on it. Um before we move forward with it
um, I always had to speak with a legal team yesterday because we're going to be
Moving towards setting up like a multisig treasury for the community to
Use and to kind of vote on and moving forward obviously looking towards
Potentially setting up some sort of foundation in future which would be completely decentralized
I wouldn't be leading yet and i'd be looking for people in the community to become involved in that
Um, so yeah, I just had to have you kind of chat with some lawyers yesterday to make sure
I don't end up in prison. Um
Because I don't want to like sit along the lights. Would it be
Would it be an upside-down prison? Yeah, if it if it were to be one
Was it like?
Maybe I don't know
But just is that like when you do like i'm thinking of like prisoners
They like hang upside down and do like chin-ups off like the roof, right? Is that me in prison?
I'll just get super fucking jacked. So maybe it's not so bad
Because yeah, like being in doing this i've definitely not been training as much. So maybe prison would be a good time
Um, but yeah, the only other things then I think i'm trying to just like rush through this and they've got like a hundred things
the big news is
Our 24 7 cat rave is up on twitter. It's anyone. It's a stream. You can watch it at any time
We also now have a 24 7
cat sanctuary live in the telegram
So we have a live video stream of cat sanctuary. So if the markets are ever getting to you
You can come just chill out with our cats. Obviously the stream is upside down
Um, so you don't get used to that. But yeah, we thought it'd be fun to add some like yim and yang. So
Cat rave on twitter cat sanctuary and the telegram. I feel like that suits well
Only other things then
So I think this is common knowledge, but we're gonna hopefully be going live with a camino vault
In the next few days or week or so waiting for them to to finalize that
Um, which is cool. Just trying to get less integrated on a few more salon adapts. I think it's a positive
And then the other stuff would be there's something else and i'm forgetting it now
Because yeah
My brain's going to yeah, can we talk a bit about fundamentals?
Like the memes
The fundamentals of the meme
Yeah, that's the fundamentals of the project right the memes basically is the cat still upside down
Yeah, kind of
Did you see the rave video
Which one was it? You know, I shared I shared two of them
But i'm not sure it's the one the one that peter made like one or two weeks ago
Oh mate, we've had like another I posted another one this morning. Um connected to this space is actually
If you can find it, um
Yeah, I think it's the first one that I shared above
But there was one that peter did I haven't seen this list last one because I was i've been traveling like crazy the past few days
Let me how do I oh shit. Yeah, you linked the one from before right the one about the presidential campaign
Um, yeah, but there was the one with meow meow meow meow. I don't know
Oh, there we go. There we go. There we go. The one don't oh my god
Anson, did you see this one with the cat that's like always sipping the milk?
Wait, I just I just shared it on the space it's the latest one. Is that not the petty drew one?
I'm not sure. It's the one with like meow meow meow meow or something. Mate. We're a fucking cat. They all go meow meow meow meow meow
No, but it's actually it's this fucking song man
It always it always comes back to the fuck comes back to the fucking cat who was like sipping milk from the spoon
Not as well as fire
Yeah, we got quite a few of these
Um, I think probably like six or seven have been made now
I have to I have to catch up with it
I'm gonna I'm gonna sit my girlfriend down on the couch. I'm gonna watch all of them
Yeah, I don't want to know what the people were making these like
What was I going on in their head when they make them but I think it's bullish like it's
It's like the level of like I don't know degeneracy that we would require
Exactly, man. Exactly. Um, and then right
Grace what else we can say you are something man. I need to fucking sleep. I swear god
Ansem's like the only person I know who seems to like
Tweet as fucking nuts as I do over time like all hours of the day
Bro, I don't know. I I think I tweet more than I more than I talk daily
How did you like you're always so active you were like in vegas and then l.a or whatever like
Bro, I've been I've been all over the place. I literally traded my desk non-stop
Then i'll go somewhere fucking turn up come back to my desk trade non-stop go somewhere
I'm literally just i've been going for like eight months straight now. I wasn't fucking I was in Miami for new years
Then I was in fucking vegas last week. Then I was in what fucking la right after that
I just got back to man. I missed you guys in LA
I was trying I was trying to get to you guys and I missed you and then I left I was like, ah shit
Yeah, i'm gonna have to come to new york
Yeah, bro. Pull up. Let me know
Man, I had people fucking dm'ing me being like is ansem doing these spaces and then like i'd see you post like a video
In a club in vegas. I was like bro. I don't think he's getting to my dm today. Like
I mean we need to leave it like ansem does not appear to be in a state to be replying to people
Literally
The guy's like always raving and then trading and then traveling and then trading literally
Man that is cool. That's cool. Right. Um, draydos. Is there anything else? Okay, so i'm conscious that
We're coming up to like an hour. I don't have I don't have anything else on here. Um,
Yeah, I mean i've already dm'd ansem with um my request earlier my only request of him the only thing i'll ever ask of this man
to be fair
No, i've dm'd ansem like five times
I like I felt like it felt like fucking tinder actually if i like just following up like follow a message
Yo, babe. He's still there. I can see like
Did you super like him partying with other people i'm like, yo, i'm some man you there
Oh my god
How do you manage your inbox how many people message you
Well, dude, that's why that's why i'm always on my phone because like I have to scroll through all of them
because I don't have any filter really so it's like the same in the same place that I get dms from people that are like
Buy my shit coin like fuck you like blah blah like random bullshit
It's the same exact place where I get actual important messages that I have to read from people
So I have to scroll through folders. No, dude, not on twitter. Why on twitter on telegram on twitter on twitter
Oh, bro. Yeah, telegram's better like telegram's way better
But on twitter that's like right now
Is my main outreach for literally everybody because everybody knows me through my twitter. So even people who like don't
Um don't know me when I like reach out to me
They literally just hit me up on twitter
So all of my messages are in the same fucking place and twitter dms are terrible with organizing literally anything
So I have to scroll through all of them to literally get to people
It's so fucking absurd bro. Like I think I get like hundreds a day
Like it's oh my god, and you you answer everything
I try my best like I
You're landing you're gonna do some deep shit there you're like wow and you answer everyone who dms you answer
If I send you my shit coin to buy you'll answer me
Oh my god, oh my god
Literally, which could be there essentially what i'm doing i'm just gonna send you the contract address after this call
Not a rig like that tinder app it's just it's just upside down count and repeat that's all it is
You can't scroll through anything else
That's what we've got to launch
But yeah, I think where you scroll in reverse
No, no, that's true. But yeah, no just upside down to us. Everyone's trying to scroll to like new coins
It's like no, it's just a repeat of mine
Use your only option you've ran out of people
All right
My life is so peaceful your life realized yeah, I don't get that many dms
Ah, mate, it's shit for me even like I mean I have my I have my like twitter ult which is like for people
I think i've talked to you about this
Mate I have a few but like the one that's actually linked on my account is for people who are like
struggling
So like dm like so they just dm me if they don't like an actual issue where like someone's having a shit time
And even that has like 500 men like 500 people are thinking that i've been talking to
and then like my main is just
Yeah, mine's grim and I can't imagine how ampsons is just like he's actually popular and knows what he's talking about
So people actually message him
It's so absurd, bro
I like literally one of the only reasons, you know, like the twitter subscriptions that thing
Yeah, like one of the only reasons I consider turning that on is because like that will be my filter and I can literally click like
Subscription messages from people who will pay whatever like the five ten
Dollars a month whatever it's like literally just so I have that separate folder
It's like one of the only reasons I would do that
Like I don't wanna do a paid grouper no shit like that, but maybe just to separate my messages
What's the what's the funniest message that you've gotten from someone recently?
Where you just go like yeah, like something super funny where someone just like completely nails the cold approach
And you're like, yeah
I don't even know bro. I think the the funniest I think probably the funniest one was that that stan like that stanley cup video
Um where they like tagged me in it and did the recreation of the m&m stan video, but they pasted my face like
literally all over the room
That that video was fucking crazy. I didn't even really know about the like i'd heard about the coin, but I didn't really
Know about the coin until they posted that video and i'm in vague
It's like sitting in the hotel room pregame and drinking and shit
I see people keep tagging me on twitter and I watched it and I was like, bro. This shit is fucking sick
I saw that I saw that
So you're telling me if I like paste your like picture over loads of shit and just send it to you
Then we'll do well
So if i'm just like your answer man, I actually just full go like stan like i'm literally like yo, I printed off your face
Like i'm your biggest man
Dude, somebody posted somebody posted a picture of me from like from like college bro, and I was like, where the fuck did you guys get this bro?
Oh my god
Now they're asking that question. Yeah, it's crazy. There's so many more videos. It's crazy
Oh my god
I saw that to be fair and I think like um the stan thing to be fair. I think it was actually a really good example of like
monetizing
Creators to be fair like not just for them but also them for people to speculate on it
So to go back to a slightly serious thing, like I did think that was a good example of that
All right. We're I got a hot guy. I got another
No, no worries, man, um, yeah and some thanks for thanks for hopping on um, really appreciate it always good to chat, man
Yeah, good talking to you guys
I think we have some people requested to speak
unfortunately, i'm pretty sure they all want to speak to ansem not me so
Um, yeah, if you guys still want to come up on stage just give a thumbs up and i'll bring you up
No one's giving a thumbs up bro no one wants to speak
Give them five seconds there
We can say our last words. Well, we got our first one here and then yeah, i'll bring you guys on afterwards. I think we've got
Faye is that um
Yeah, that's from um kpop, right? So yeah, i'll bring you up afterwards as well. Um, we've got um
Bump butt as well got josh
Apparently my fucking dad's on the line, which that's cool. We haven't heard from him in a few years. So buzzing for that
Um, but yeah, we'll go with digital first
Hello and uh, excuse if you hear my son in the background
But I want to give a shout out as you're doing a dev takeover because I think that's so awesome
I think there's so much opportunity on salana shout out to bonkbot here
Um, I I can prove that I was an early bonk investor on my youtube
I made a youtube of how to how to stake bonk, uh in the early days way before this whole listing
Um, but I want to give a big shout out to uh, uh tea nut
teas nuts
Um, it's awesome to see projects
Like this and uh, I know it's uh, it's awesome when you have takeovers like that because when you uh,
Take the supply and you take the project yourself and you you you can take it all the way and it there
I understand there's probably periods. There was no one there
like many weeks on end and then you come to these points and
It's awesome to see that you're taking it a step further. So uh,
Definitely awesome to see the great work and i'm still laughing about the anzam meme, but I was
That was pretty funny
Uh, I made a joke that if uh, if I finally get monetized on twitter then technically anzam will be my co-worker
There you go. It's a dream for everyone, right?
Sweet anyway, yeah, thanks man. Cheers for coming on. Um, we'll we'll from speaker we'll go to
Faye next
I know who you are
Yo, oh it's still connecting I'll just have to say yo, yo, what's up? Oh, I I think I missed whatever you were saying as I was connecting
What's up, tina?
I was saying yo repeatedly because it said connecting for like 10 seconds. So you missed nothing. Okay. Gotcha
I think I have some delay, but I just wanted to uh, I wanted to come up
Shout out jeats by nav world shooter in yellow. I see them in the audience
And then I just want to thank you because for people that don't know
K-pop had like an exploit and a hack happened
And tina was one of the first people to reach out to me
Like you were the one of the first people to reach out and your messages
You did a bunch of stuff to help us and you're a solid dude. So
Shout out to you for having the space. Um, I really like what you guys are doing
Ah, no, no worries, man. Thank you
Thank you for saying that. Yeah
I was actually like I woke up and forgot I'd even sent the messages or done anything because it was like 4 a.m
Over here when I think that like issue is happening with like it wasn't radium in the end. It was like the
Soy not so I don't want to say the name
Yeah, I mean they uh, they
Disappeared the devs of that disappeared. So yeah, because yeah, I assume
My guess was it was them that kind of just like pulled the liquidity lockers, right? Yep
Yeah, they manually pulled liquidity on like a hundred coins
but I yeah
Yeah, you guys were like the biggest one I saw at the time and I think like um
I actually think that the reason I knew is like someone attacked me before
About like I knew about kpop
But then someone like tagged you specifically and said like this is the person behind it who's like putting all the effort in
So when I saw that you guys were like the one that got like the big one that got drained
And then I like I was at the time I still trying to find out if we were okay
And obviously like we were in the end. Yeah, I kind of just like I was like, oh shit. I heard this person has been like
Grinding fucking hard. I know how shit that would be if I was in like their place
So i'm kind of just super happy to see you guys have like
At well, I mean I haven't checked recently, but like last time I looked you guys were like sending post exploit and it seems like
It's only been like
Strengthened you guys I guess
Yeah, yeah, definitely. I mean we recovered. I mean you really you really helped by stepping in too
So I appreciate you like again shout out to tina if you guys are in here and you're listening for ansem
Go follow tina because tina's a solid dude
Ah, I appreciate that
That makes me hey. Yeah, I feel I feel good now this whole spaces was worth it
Just so I can uh steal a random compliment from someone
I didn't really have much else to say. I just wanted to shout you out. So no, I appreciate that man
Thank you and keep up the good work with k-pop man. Appreciate it. All right, i'll step down but thanks
See you guys
Yo, we'll bring up um joe next um
Something that's crypto
Joe, I don't know if your name's changed. Uh, I kind of re I mean I docked so i'm now just joe I guess but
Oh, you're not just joe a bit weird
But but not your average
Not your average true
It is english though, which I rate what I like where are you from us
No, i'm english obviously. Uh, it's the accent. Sorry. I I didn't know if it was um, northern england or southern england
No, so i'm
I'm like half. So i've lived most of my life in london. Um, but I grew up in town like the midlands
And yeah, i've been in london trying to have a well
A little bit kind of when I was younger and then
for uni and then work
But yeah, i'm moving in a month and moving out to vietnam. So
Yeah, that'll be me done. Anyway, man. Um, yeah, was there anything you wanted to speech about rado?
Well, yeah, I was I wanted to talk a little bit about um
Because I know I saw I saw the liquidity get pulled on quite a lot of coins
And obviously rug.ai is trying to launch on salana, which I hope we're going to do soon
So honestly, I just wanted to get a bit of an honest opinion from from you and people people here
How have you found and how do you go about checking for the safety of coins on salana? Is it is it?
Do you see it as a case of fuck it? We bought
eight first think later
Um, or or do you uh, would you take a look at some stuff first?
It's a good question the honest answer is like a lot of my friends are much better at like, you know
Like sniping and things like that. So i'm in a few groups who are kind of focused on that
And i'll be honest like I think people
Like i'm a like my trading has been like mainly sex related and then
If I go on chain, there's a lot of people I speak to are probably like better technical wise than me with that. Um
So, I don't know if anyone in here has an answer to this
But yeah, I think like broadly people tend to have like they use like a ton of like
Bop checkers, right? So it's like four or five that you would use that just check like
Things like obviously around like the lp and stuff like that. It checks like the deploy history as well
And I think there's a number of them that like check which wallets are entering as well
So like you can see if like quote unquote good wallets a ping. Um
I think if you use like certain so like for example, I know that like
I've not used it yet on salanah because i've not really had time to shit coin recently, but I know for example on like
Um is using like banana box. You can set it up. You could like set it up. So your snipes would like
If someone was going to like pull liquidity it would sell beforehand. You can set up certain things that kind of
Like well, you set a lot of parameters around kind of what you buy into right?
Um, and I think that's the main thing you kind of accept that there's a cost of doing business
so like occasionally you're going to get fucked especially if like
Someone comes up with something new or novel like there's always going to be a creative way to work around
the existing tech but yeah
So I guess something that like encompasses the whole range of the lifecycle of trades
But does so which kind of prevents you from getting rugged
That would be like the holy grail. For example, that would be like the platform. That would be pretty good
Yeah, that's why i'm i'm hoping rug AI is going to be that right?
I can't i'm not allowed to say to I can't I can't bust teasers in here. You know what it's been
I can tell you it's going to be rug AI
All right. I think I messaged the other day for the first time ever I got added to a group with you guys early and I said
I've not commented here
But I do like what you guys are doing because i've seen
I've seen some stuff on twitter of like some of like the analysis that you've done
around like
Not even it's not even like specifically around rugs, right sometimes about unlike
It's like oh
It's not technically a rug, but you could still get fucked over by like inside is dumping on you
Yeah, and like yeah, some of that analysis has looked really solid. Yeah, what we did the satoshif
It was pretty cool. You know
That was a really tricky one for us because it's like we don't want to fund any projects
But we're trying to remain objective and just show you the data. So part of what we're trying to do
Is you have like deterministic checks for people in the audience something is either a rug or it's not because
Someone can pull liquidity or execute a function in the source code and that is either definitely a rug or not
So a token can be safe as a yes or no
But there's also another aspect to it, which is okay who holds it and it was going to what you were saying earlier
Well, you were talking about okay, these wallets own it. So it might be okay
but often it can be the case of oh these wallets are connected to a deployer that you know previously rug someone or
Um, you know these wallets previously ate into this rug and and they sold right before
But also another thing is snipers, you know, I know you mentioned banana gun, but sometimes when you know, like the large majority of the supply
Is held by snipers it can kind of be a little bit of a dampener on the price because they're all trying to exit
So understanding how many snipers are in whether they got a crackle at the supply?
That's kind of important information, which I think we're gonna we're gonna provide soon as well
Yeah, I think I've known so on the I've spoken to a few projects about it
Just a lot of people have reached out to me kind of with upside down trap because I didn't know this
but apparently what we've been doing in terms of like
fully how organically everything's gone and like us not only in supply like
people like how the fuck have you actually managed to make this a thing because
Obviously so many teams have like a lot of strategies in place when they launch
Like we've not really like used influences. I mean, obviously I have a following
so like I can't pretend that it's not helped in the early stages, but like
We've not really done a lot of like the traditional things that mean twins do I guess?
A lot of them interestingly I was on a call the other day and they were talking about how like
Teams obviously like everyone's seen the blacklisting of snipers, but it's like even if you can snipe it before
Other snipers like teams are trying to snipe their own supply
Even teams who aren't trying to dump it or try and do it just so they can avoid
Like because yeah, if you have someone who owns like five to ten percent the supply early on
Your coins pretty fucked if they're if they're like if they want to sell
Yeah, yeah
This is what this is what like a lot of
Here are two things. I'm going to give you some alpha
So these are these are tools that uni bottom banana gun they allow you to do and I have two problems for them
One is that we need to decentralize the way that tokens are launched. So
I believe
Maybe that maybe maybe rug die. I will provide this in the future
Who knows but I believe that people should be able to launch a token easily in one interface
And be able to do so with the knowledge that it's safe
By, you know locking liquidity and you know, all these other things that prevent a contract from being rugged
So that that I think would solve a lot of so so part of what you can add to it is anti-snipers as well
So delaying delaying a certain amount of blocks before trading goes live all these other types of things
But preventing snipers from getting in early is is a very important thing because that's exactly as you mentioned how to dominate supply
But I had a question for you
Which is around I know you're a sex user a lot of people are sex users
And this is what i'm very interested in as a founder someone that used to work at an institutional, um bank
I'm very interested in bridging some of the sex users that people who are
Comfortable with trading on a sex, but perhaps maybe not comfortable on chain
Uh to the degree that maybe they're not 100 sure that what they're doing is going to be safe
You know if they connect to this thing or they buy this thing
Um, so I wanted to I wanted to get your opinion as a as a litmus test a litmus test
How safe do you feel on things like uni bar?
I know they've had exploits and a lot of these other tunnels have exploits because they're storing your keys, which is what what enables them
Um to be able to get some of these features like limit orders and and a few of the anti-rug features you had
Um, so so yeah, what's your what's your yeah, what's your thoughts?
So what i'd say is I feel safe on them
But it's because of the kind of i'm being aware of like the counterparty risk
So like I use fresh wallets on them
I don't like if I buy something
I'll buy with a small amount of eth say and then it stays on there
Uh, but if it ever became a huge amount I'd transfer it out of that wallet
Yeah, and you never keep large amounts on there
So like I think they can be you can feel very safe with them
But it kind of takes the user to be having that responsibility which to be fair
Some of the fucking exchanges i've used
Like I log into them and I I feel like I should be wearing a condom to log on because I feel no protection
Right. I'm like logging on some of these sexes and i'm like, I do not know what this is like
And I always feel like do you mean something like safe trade? Do not talk about it. Yes
They locked my money for like three weeks and I just say and then they went offline, right?
And I was just like, how could you not how can you not trust something that's named safe trade?
I'd like you to stop talking about chest still actually have some funds on there. So, um, if we should start which is
Yeah, but no I think like um
The problem at the moment is like to give a serious answer is that like
As with a lot of things in crypto, right? Like it's like
It's all a lot of self-responsibility, which I think is great. They're great things to teach people
but if you're on the product side, so realistically how much do we actually expect people to
So take that self-responsibility and you understand that's my problem. This is my problem with the space
I think you need to abstract away a lot of that difficulty and create an environment where people feel as though it's safe to create
And connect a wallet on chain and be able to buy things
I think people like rabi wallet do that very well. I don't even use rabi wallet
I've just seen some of their functionality, but the way in which they approach abstracting some of the difficulties of
You know signing a wallet they show you what would happen if you sign a certain transaction
And they also try to prevent you from clicking phishing links all these different types of things. I think
There has to be a platform
That is safety focus in the space and tries to give users the feeling that if they operate here on chain
They have a good chance of success because
They're removing some of the limitations which come with losing
um, which is how majority of people end up, you know giving up because they get rugs or
They get their wallet hacked or you know a bunch of different ways
There's a space for that
100 man. I agree. Well, actually would you have to you think draydos has to jump in a bit and you have to
Go to the next couple of people if that's okay. Oh, sorry. Yeah, absolutely
Everyone go check out rug a a rug ai. Anyway, because um, joe's joe's a good one and he's building
Thank you. No worries, man. All right, josh will bring you up
I'm gonna i'm gonna jump
Cheers man. Thanks for your time. I appreciate it. Please rest up after your trip back to the u.s
Man and get back on your diet as well. I'm gonna rest up in the club in about an hour and a half
Yes, ah, fuck man
See you. Take care. All right. See you later. Hey, josh. What's up? Tina. How are you, man?
I'm very good, man. How are you doing? Good. You getting some sleep lately?
No, not massively
I'm when I do I'm fucking dreaming of upside down
Well, look, I just want to you know, bring up two things one
I'm actually a fun manager myself
And so maybe just to give a perspective from a fun manager and why they might want to
Put a portion of their funds into something like a meme coin and I don't think it's just you know, any meme coin
I think what upside down cat is doing specifically upside down
It's specifically upside down cat and i'll tell you the reason why I bought in as someone that's not, you know
Typically like a meme coin enjoyer
Uh, and really it just comes down to you know, tina this guy i've been following him for quite a long time
He's extremely smart. His calls are basically almost always right
He's an extremely hard worker and he's very ethical and so you know that there isn't
A huge list of kol's that are sitting behind the scenes waiting to dump on you
Um, I think that this project has kind of the legs to become this next maybe hundred million billion dollar meme coin
My so, you know don't want to pump your tires too much
But you know, just thank you for the work you do
But I do have a question and I know we spoke about this privately and i'm just curious to hear
Your opinion maybe on this space is others probably have the same question
And it's around the ticker the ticker is probably one of the most amazing things about the project
But when I look at something like wiff
And you know, they get you know, maybe they want to get a coin-based listing or a finance listing
Obviously, that's like the end goal for a lot of these things even though typically it's down down only after that
Um, but when I look at something like usdc, obviously there's going to be some some top things there
So have you thought a little bit about what that ticker if that might update at some point?
Uh if exchanges and the conversations you're having with exchanges are like no, we're okay to list it with that ticker
Um, that that's my main question for the space
Yeah, sure. So I mean it's obviously saying what we thought about right? Like it's a pretty I think that's a pretty obvious thing. So
The smaller exchanges who we spoke to who probably won't be listing with they didn't have a problem with it
They I think you've seen it before I let you know that they do like pepe one or a thousand pepe or something
but first of all kind of not
Yeah, i'm kind of not listing that so it's more like if you speak to like, I don't know the like coin-based by now
dracker and true coin bybit like those kind of exchanges were probably like
the main people who were speaking to um
yeah, we've had those conversations with a couple of them so far and
From my perspective. I don't have a problem with finding a creative solution to that and there are a few um
I'm not gonna like publicly say what those are. Um, just because we haven't decided on one and I don't actually want to
Necessarily decide myself. I think it's more
When we're ready to take that step. I can go to the community and go look here's
If we do this, we might need to
make a change xyz
Um, there's actually some really creative solutions that don't necessarily change the data, which is interesting
But I think like my view would be I know it can be solved. I know the exchanges are interested and I know
Some of the questions they have
and therefore
When we get to the point that we want to list
I will probably just put it to the community and go look if you guys want this to happen
We'll do it if you don't we'll just stay
On chain and we'll grow from here. So
As far as i'm concerned i'm not really stressed about it
Like I don't see it as an issue
And the very worst that kind of happens in my opinion is like you have some janky volatile price action, right?
Like I feel like whatever you make a decision you're always going to have that
But like what happens after that is not usually determined by that decision unless it's fucking truly awful
It's kind of like
Whatever decision we make like if you make a decision or you make the choice to not make a decision
You're always going to annoy someone. So I kind of yeah my preferences towards
the minimal amount
of change if any that we'd need
That also allows us to scale and grow as i'd like us to in future
What the community as a whole are comfortable with and under and the most important thing I think with this stuff is making sure people understand
The reasons why yeah, because you can give people something that should be bullish
And if you don't wrap it up in the right way and explain it properly and transparently
People might not like it. So and likewise sometimes you can
Don't want to do this, but sometimes you can you can wrap up bullshit and make it sound great. So it's kind of like
i'm just being conscious about like
When we make these decisions because I think that's important and like
The reasons behind them and then making sure that the community feel like their
Voices are heard in that decision. Yeah, I think that's a great, you know great strategy great roadmap
I think i'll throw this in the ring and I don't know if six letters is too much
I think it maybe it is but usd cat so you still have usdc. I think that's pretty interesting
But who knows six might be too much. But anyways, I won't take too much longer
Uh, I know this has been a bit of a longer space. I got to hop to another call
But just wanted to say big. Thank you to tnut
Uh, the cat stays upside down flip those profile pics
Uh, and let's go to the moon
100 yeah, I appreciate you. Josh. Actually I need to after this just while you're here
I need to DM you about a um, a follow-up project on solana. So remind me to do that because I keep forgetting
Um, thank you. Okay. Cheers, bro. Cheers, bro. Have a good weekend
Right, I think final person to come up is olympus if you meant to request so bring you up
I think it's just connecting
Hello, are you there mate?
Right, um, yeah
So, um, I just want to use this opportunity to say a big thank you to you tnut for
Giving all this opportunity because to me I feel it's a big opportunity
Having something like this
Something to believe in something to build. I don't see I don't see this project like a
Meme project. I don't see it like something like that
And yeah, i'm not from the u.s. I'm not from all of those places. I'm
Speaking right from nigeria. I'm speaking from africa waste africa precisely
And um, this is huge for me and it's also huge for the community and beauty right here
And we have something very huge coming up
Um, I think we're talking about nfts that is going to be upside down cut
And a lot of other things that we're cooking up together as a team here and everything is totally
Um upside down cut as um
As a use case for it. So this is just me saying a big. Thank you to you tnut and we are
Fully fully behind you and we know that we trust the fact that you're going to take us to where we want to be
And we believe that we are going to actually take this coming to one dollar. We believe it
Me too. I appreciate that man. And yeah, thank you to you as well. Obviously. I know we spoke in a little bit
And then that's the important thing we spoke about earlier, right is like people like yourself who want to build something
Through upside down chat, like I think that's really cool
And we're doing obviously we've got a number of people who are doing that at the moment as well as yourself
And I think like yeah from my perspective. That's exactly what I want like
Whatever seen as like the team behind this to just be the meme to just be pure
But I love the idea of facilitating other people to be able to get involved and do creative things. So
Yeah, i'm kind of supportive of everyone in the community doing what they're doing
So yeah, thanks to you for being involved for having cool ideas and for um, yeah being a part of it because
It wouldn't really be a success without that. So thank you
We're gonna do the final one. So I think we've got some time who requested earlier and then i'm gonna hop off and
Give everyone their friday nights back
Hey, man, what's up
Hello. Oh, yeah, I wanted to say big thanks
To you. Um, I think i've been following for like a year now
Uh, I found you from bleaker
Uh, it's been really good. Really good calls. I've been enjoying the upside down cat memes
I've been buying the domain domain names of upside down cat
all that stuff
uh, you know black man me with the later
But I think it's a very cool community that i've seen
You know and I think
The last twitter spaces you held you were talking about the use cases and developing games
Based on upside down cat and other services
Regarding it. I think that's very cool to see that there will be actual use cases for this
And it's mostly I just wanted to say yeah
Yeah, no, well you're welcome and yeah, thanks for hopping on
And I mean like the stuff that's being built as I said is kind of
Just coming through our community at large and i'm kind of just trying to be the facilitator for that because
I can't build shit. I'm not very smart
So if I can enable other people to do fun things then yeah
I'm all for it. And my main view is that i'll just be supportive of anything anyone wants to do. So
Yeah, i'm hoping there'll be a lot of cool stuff coming out of the community
pretty soon whether it kind of allows you to like use usdc
Um, I think there's a few of those and then there's other ones that are kind of like cross chain by
Bots and things like that and then there's just going to be a lot of like tool art and things like that
So yeah, i'm super excited for yeah
It's essential
Yeah, in future there's going to be merchandise and stuff like that. I think that people want to do so that's quite cool as well
I need to get a t-shirt
Me too mate me too. Anyway, um, yeah, thank you for hopping on man. Um, I know we spoke in a couple of times
privately, so it's really nice to um be able to speak to you kind of this way as well, so
Yeah, have a great weekend
Yeah, I think if that's everyone I think we're kind of wrapped up there just
I've taken way too much of your time already. Um
So yeah, thanks to everyone who kind of
Hopped into this. Um to anyone who's new kind of coming over
Because I know anson was on here then welcome. I hope that you'll check out the community and what we're doing and
Even more than that. I hope you'll like it
even if you don't thanks for listening in tonight and
Yeah, much love to everyone. Have an amazing weekend guys
And don't get liquidaged shorting bitcoin you fucking idiots. Bye