All right, everyone. Hello, we're going to start in a couple of minutes once the guests are right. Thank you very much.
Okay, so Alfred you should be able to speak normally. Let me know if you're able to talk.
Hey Alfred, can you talk? You should be able to talk now.
Alfred, can you hear me? I think you have the co-host role now. You should be able to talk.
Hey guys, thanks for the patience we're having
A bit of a problem with the call host role, but we're going to get it resolved very soon.
Hey Alfred, thanks for joining and yeah, happy that you're able to talk now. Thanks for coming and thanks everyone from the community obviously to be present today. How are you all, Fred?
and thank you again for the invitation. Yeah, I'm really happy to be here. I see like big potential between cooperation with the mindflix and zebac. So let's start our ms session. Yeah, awesome, awesome. Like let's kick off the session.
as kind of as I will always do which is with a bit of a presentation and an intro on the speaker so it'd be cool to know yeah like what's your role within the company and a bit how did you how did you get into it
crypto if that's possible. Yes, sure. So as for my role in my flex, I'm marketing partner. I've been working with the mind flex maybe since 2019, so already more than two years.
And I have seen how company grew up from like only local community to global markets. So right now we have a real strong community in Vietnam, in a U.I. in English-speaking country.
And of course, CIS as well. So yeah, that's my role actually. And at the same time, I'm a co-founder of Ventures 2D Revolts. So also a pretty long time in the crypto space.
Awesome, awesome, awesome, super interesting. So we can, I mean, we could get it right down to the main point, I guess, and can you tell us a bit what is, like, what is mindplex for the audience?
And yeah, how does it how does it work? Yes, sure Lorenzo so as for my next month at the new generational mobile crypto bank We create digital ecosystem that emerged to satisfy
the demand for more advanced modern payment solution. I think like Zebig does as well so we develop our own processing, developed our own processing which can be integrated with Fiat processing of any banks. We have our own blockchain which calls mind playx
with two tokens and a bunch of products like my my inflicts marketplace where people could sell and buy physical goods for crypto my inflicts money my inflicts wallet so our applications are available available on Google Play and up store you guys can download it and try by yourself
Nice, super nice. It's actually a pretty diverse ecosystem. You guys mainly have a wallet, but you have a bunch of different products and features. Can you tell us a bit of how it started?
like what was the inspiration and how did it start? Yes, sure, but we'll answer it. I just want to know that it's really interesting because always when we had AMA before, I didn't get the same question, but I think
This is the key how you started this because we are a very big mind-flex we're in the like crypto market one of the youngest but the like high potential markets where venture capital is growing really like rapidly
So we started in 2020. Most people in the world remember that this year is like a panzemy, right? Corona, but especially in that year, our founder Alex Mamacilikov, our CEO and founder, he at that
moments he had in his head ideal of creating like real crypto bank because before he had like a big experience he took part in more than 70 projects as the CMO and the co-founder and all the time one big
problem was that all crypto projects at that moment were too far from mass adoption from real world and people with this capital view saying, "Okay, I have Bitcoin, I have crypto, what could I do with this?"
like Accepts trading in crypto space. So can I buy stuff can I pay for the taxi so and he Alex decided to change the situation and to create a solution like Fundamental solution for people will be able to pay
for in stores, in taxi, in the hotel while they're traveling or going on the date with their girlfriend or boyfriend. So that's how we started. It was started only from the idea of Bach. Because around us, we
We have really strong side and human resources because maybe you know that in CIS region we have really strong, fintech side and a lot of developers doing great stuff. If you have ever tried some of like
digital bank application in Russia, for example, you could like find a great experience with that. So we hired like the best of the best developers from the top three banks in CIS and we implemented the best of
technology in our own processing and we found the way how to integrate this with the crypto and like we see that this development is making really straight way for mass adoption. Cool awesome so I mean so where you get
is based Alfred actually main company based in a registered in Singapore and may know his based in Dubai but we have developers like from all over the world but mostly from CIS at that moment yeah but most of them already moved and working in
do by. Okay, okay, very interesting. Who, I mean, just to kind of frame the product a bit and give a bit more context to the audience, what, I mean, who are the main competitors, like who would you qualify
as main competitors to mindplex right now. I got you. So it's interesting because in the same time, like in 2020, a few B2C crypto banks have started their business
but most of them already left market or like change their business model. I mean the banks, crypto banks who build up their business on B2C model like Mindflix does. But in the same time we noticed that in Europe especially in
like Eastern Europe because of some possibilities in regulation right now we see Competitors crypto banks, but they're working and they're focusing most on B2B market because I think that they see potential in the
integration with banks from different parts of the world who support crypto accounting and something like this. And they provide the solution for the companies who want to accept payment and crypto who want to pay to the subcontractor.
structure in crypto, but our business and we mostly focusing on B2C because we see this big potential here and be honest through the all crypto banks we don't see right now competitors who has the same like same technology same solutions
same community but in the same time we understand that for example BTC platform like for example centralized exchanges probably in the nearest future will be really interested in this market and they have like great potential to become our
like biggest competitors. So that's why. So as for technological company like Zebik, I think it more for us we are not competitors but I think we more could be partners because I see you guys doing a great technologies integrated and yeah probably we can
implemented this technology in our processing system and like Find some synergy between our technology developments Yeah, cool. I mean I was just gonna about just about
ask you is it's very interesting. What are the trends in D5 but more specifically in wallets and crypto banks products where you guys are positioned? Have you seen any interesting new trends this year?
And yeah, where do you think it's gonna go in the midterm? - Yeah, I got you. So I think that DeFi became more and more user friendly
because before, you know, that only professional users with understanding the processes were able to join and to use DeFi infrastructure. But right now, as I see on the distro-less exchanges on the different products
because they becoming more and more user-friendly and like the use of this protocol become more and more simple. So I think the one of the trends is simplified because after FTX crashed people really opened their mind, opened their eyes on the
benefits of the DeFi when you have like your key from your money when you trade just using your personal wallets and don't send and don't transfer your funds to a third parties and I Think right now we see the competition
for the liquidity and DeFi space has real big chance to attract liquidity from centralized exchange market from like traditional finance market because we see now that in DeFi already realized like
loans like supply and borrow business model which is really popular and we see now that new tools become to the market. For example right now our Venture Studio working on some
trade finance platform, maybe you know import and export markets like international trading financial market already reached three trillion US dollars and the gap on this market right now reached
around two trillion dollars. And I see that like bureaucracist procedures on a traditional finance market and some other issues give to defy technologies real good chance to attract liquidity from this market. So
The second trend we see is coming like new business model when how to use defile liquidity, how to increase defile liquidity. For example, we can make money not only on like supply and borrow model.
institutional money, but also on, for example, trade financial market business model when you use crypto to add financial for real trading deals for import or expert operations. And I think like in common, the third trend
is mass adoption and using tools, defy protocols in real businesses, in real sector, so in our real life. And that's why it's very, very important what Zebeck and Mindplex do with mass adoption of payments.
with issuing the card with integrating with Fiat processing. So these three trends I see and I believe that Dify has a big potential to reach one trillion to VL maybe in three or five years.
Okay, cool. That's awesome. Really good, really good overview. What, I mean, we've obviously had like a pretty dark like 2022 with everything what happened like in
in crypto and we started 2023, I would say like pretty good even if it's a bit of a shame what's happening would still regate these days but what like if you had to sum up like what are the
The main accomplishments that Mindplex has achieved in 2022 and what can we look forward to in 2023 in terms of roadmap features, what can we expect?
Yeah, sure you write that 2022 was pretty, pretty hard and interesting for our industry especially for like Black Swan, like FTX Crash and Terrelluna problem, but you know
I think the same situation become a market more and more healthy and since 2020 we've passed already at least three crises with the mind-blowing team and we still
continue to develop our products, our community. So in 2022, we passed like third halving. In our total blockchain, we have like four halvings and right now
Now the last halving was happened as well and already more than 75% of flex tokens in circulation. Also in 2022 we closed the deal with gem capital
from Hong Kong for 100 million US. This money only starting to transfer to MAMPX company so we have big plans for develop our products and our community in accordance with our
roadmap also in last year we got listed on a few centralized exchange like Max and BeatGad on BeatGad we got listed after community wall things and we got as I remember more than thousands of walls from
the bit get users to get listed. In this year, we plan to continue to expand the financial markets and get listed on a few tier one exchanges. We also in connection with a few funds about the
Like one more round for financial our ecosystem and Of course, yeah in the just in the two months we signed the contract with
This is an operator for issuing our bank card last year. We issued the first batch of the mind-fix debit card. We are a mastercard system. Right now we are working with the new operator.
will be working maybe in two months already and it will be available for your users worldwide, all over the world to get the MyPlex bank card, to get the virtual accounts and to do the all operations that need to be done. We are our app
So that's cool. So are you guys going to raise like additional funds next year or not? Yeah, we have this plan. So right now it's like inside.
just for my business and the big user who joined to the same A session. Right now we are in connection with a few VC funds and just talking about the details of these deals. So probably in this year we also close one more round for
investments because yeah, Marklux has a real rate plans for market expanding because before we were working really hard on our products and right now the time for scale
our business. Okay, very interesting. I guess Alfred, we can talk a bit about the tokens. I know you guys have two tokens. Is that correct?
Yeah, exactly. Can you tell us a bit about how do these tokens interact with your ecosystem? Like what's the utility where can we use them? Yeah, yeah, sure. By the way, this question
People are asking because they don't understand what the difference between mine and black tokens, what the utility, so how does it work? So let me clarify for Zebic audience as well. As I mentioned we have two tokens.
So the flex token is our payment tools, our utility tokens, we use it with all of our products like myplexmy, our processing, we use it for in our
mine looks marketplace in our while it's right now we developed a few bridge which use also Plex token and so mine token is like unit of mining mine at that
moments is not tradable and you use mine talking to process which calls plexus. Plexus is like kind of mining in our liquidity proof of stake algorithm.
When you for example stake your mind tokens in in the pools and Helping to generate transactions and generate new blocks in my flex block chain and you getting like rewards in black stockings By the way right now we are
working on integration, our staking to defy space and we plan to, we're planning to launch a few plex and mine pools on the big decentralized exchange where users will be able
to get preverts not only like farming for farming liquidity but also for the staking mind tokens. So that's like main utility for both of our tokens.
Cool awesome. Yeah, that was yeah, that was a really really good explanation of the utility of both tokens. Yeah, I mean, I think we can start slowly wrapping it up.
I was curious to know Alfred, where, so you guys are kind of multi-chain as I understand, but do you have plans to connect to more blockchains or more existing like in the future?
Yeah, you're right Lorenzo. Thank you for this question. Actually, before this year, I think we had only our talking only on the mind flex block chain, so our own blockchain. But in the last year, we
deployed the bridge to polygon and to ethereum right now we're working on the bridge to the non-smart chain why we do this at first we want to make it like more
more simple to use, for example, in Metamask for our users and whole Black stockings in Metamask, for example. And in the same time, we have like big goal to be integrated in DeFi space.
And for example, right now we are like in the discussing for integration with some of decentralized exchanges, as I mentioned before, and we are doing the, that was one of the
goal why we implemented the bridge to use our liquidity in the schools which supported by these decks and we also in connection with you very interesting different
protocol with their own blockchain. So probably we also will use that for example, TANUP protocol. And I believe that for like our partnership we can also use both of our
developers team to probably integrate our tokens and maybe use like other chains for that. So we are very open for any suggestion in this way. Awesome. Yeah, I mean, I think we can find definitely a
a lot of ways to cooperate in the future and to partner. So that's super cool. Yeah, I mean, I think, you know, it's been half an hour. Like, it was very interesting and we have like a very, you know, very pretty deep understanding of what mine clicks at how it works and the token mechanics
and everything, so I'm really happy. Yeah, I mean, look offered, we would love to do another AMA like in a couple of months when there's updates and more to talk about would be thrilled to reconnect and do it again.
Yeah sure, sure. Definitely let's try the next session maybe in a couple months. I hope at that moment we will be already have like roadmap for between Minecraft and Zebik, what we're going to do together. Yeah, and probably
for people it will be also interesting stuff how to make money with us. Yeah, yeah, definitely. Cool. Yeah, I mean, Alfred, thank you very much for coming. Thanks to all the community and
and yeah, have a great rest of the day. Yeah, thank you, Lorenzo. Are we gonna have let people ask questions or we will just reply on Twitter, threads for and shoot the question there? I mean, we can have a couple of questions if you want.
I'm free because I see that people sending the signal that they want to ask questions. And I believe that we need to choose the winners for our prize pools. So let's probably let them
ask or we will choose maybe better we can choose the questions under under our Twitter room what do you think what will be the
What will be the best way for that? Yeah, I mean, I think we have to choose like five people from, you know, the kind of the roles that we set from, you know, tweeting, retweeting and all that stuff. So I think we can do it like that.
Okay, okay, so let me choose the first question and if you will be kind can you please assist and like help me to choose like three three or more so Let me okay, I will just start with the first
like s-cross-fipe platform that the question from GOMBOL with the IDGIM balance. So s-cross-fipe platform that combines stability and liquidity of traditional instruments, currently which blockchain supported myflix and how
the plans for the future expansion. So yeah, I already mentioned but let me clarify at that moment we already we the main operations working on our own blockchain which is rework of thesis but we already have
to Ethereum blockchain and to Polygon and soon the blockchain, the bridge to Binance, Marchain will be implemented as well. So for the future, it will be depends on how we're going to develop our ecosystem and
from the like partnership that we're going to have during this year. But definitely during the 2023, our focus is like expansion and scale our business using our resources. Thank you, Mr. Gongle for your question.
Cool. Did you choose the second one?
So, wait, where are you choosing them from Alfred? So I just opened the comments under our AMA session. Okay, okay, cool. Yeah, I mean, no, you can choose another one. Happy, happy free.
to choose the second? Yeah, yeah, you're right. So let me, I see this guy already also pinned for he wanted to ask the question. The guy with the Nick T. God's with the Hassblown his avatar. So with the Nick
with the ID defy OGD. Regulations are very important. Many projects are closed in many countries due to improper use of regulation and permits. How does your team address these issues? So we started with the
We started our business so at that moment we use UK license for doing all financial operations but we also planning to cooperate with some
Fiat bank, traditional bank to implement our solution, our FinTech solution for them and use their bank license. What I can say that the technology that we
developed and that we have right now when the like banks from mana banks from for example Africa region from the Asian region when they see what we actually do so most of them
want this solution and we just need to find the model how we can find the synergy with them. So that's why for operations we are doing now, we already have and we are working in the absolutely legal space.
using financial license, UK financial license, but to scale and to go deeper to integrate our processing, for example, to post terminal, to some solution, B2B solution for merchants we need.
to cooperate with traditional banks, but in the future probably we can buy the real banks by ourselves. So that's my answer. Lawrence probably also choose some of the questions, or we can like reply.
Lorenza you hear so I can choose no problem yeah yeah we can yeah just just go ahead okay so yeah I also see that this guy being Bipizza with the ID Abdul Rahim also where we
was asking a lot of questions and so let me reply for some of them. Most of investors just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to the token long term? For sure.
the question is really great. So the first one already more than 70% almost 75% of flex tokens in circulation. So it belongs to someone. So the
like investors wanted to sell they already sold so we don't like wait any lock up for you or something like this this is the first the second one for the black stockings that you'd see for that creating demands for
buying flex tokens for any operations. For example, if you want to issuing our bank cards and you want to use our bank cards for sure you will use automatically, you use flex for all of these operations. If you like buying the selling goods
on our marketplace, which is also pretty popular, for example, in Africa region. You also use plaques tokens if you will check the exchanges. So there are a lot of orders for buy, but not so much liquidity for
cell. The fourth one, as I mentioned before, we signed the contract with the gem capital fund, for example, 400 million US, and they are investing in our token. So we like passed all their audits,
investment committee and something like this. So for sure you can make your own like conclusions about how and why do the funds like Jim Capital invest in projects on this stage
and do they see the potential for the long term? So I think like if long story short, high demand on the tokens because this is the real product which we already have and
right now we just expand and scale this business. The second one is like strong partnership like long-term investors like Jim Capital Fund. So and most part of the tokens were already in circulation so we're not waiting like lock up from the
any big investors or something like this. Yes, thanks for your question. BNB Pizza, Abdul Rahim. Okay, three questions already I chose, right? So we need two more corrects. Lorenzo? Yeah, yeah, we can do, we can do two more if you want.
So yeah, I see it's also asking, trust is very important in any business. Can you tell us about what makes investors, customers, and users feel safe when working with your project? For sure, for example, Montelix in the last year passed
and got a seretic audit, it's published and the information access is publicly so you can check any security issues or something like this and for sure
in our business that trust you 100% right is very important so the team is transparent you can check for example our CEO and founder Alex Mama Zidikov he always like
like in top ratings of top 5 worldwide crypto experts in marketing, crypto experts like a founder. So the reputation is also very important for us. So we have never been hacked or something like this.
In our team we hunt the hard, really super professional from FinTech, from the best banks where we had a chance to hire people. So I think if you will go deeper, so you will
understand how, for example, our liquidity proof of stake algorithm work and you will see that it's pretty safety, for example, to stake your mind talking to generating rewards and flex tokens to use our wallets and for example if you will pass all the
to open your accounts. You will see how our wallet work works and we are like considering all necessary steps to make your accounts safe.
and let you own the keys to get access for your token scene. Anyway, anytime, not depend from us. So I think that was my answer.
So let's find the last one. So I see the random question from Rudy here, Rudy HRT. So we'll have bank teachers offered by Plex, include features like conventional banks such as Mastercard, Loan,
and others, and can the Plexigital Bank feature be used in all countries and is regulated? Yeah, good question. At that moment, we realized not all functional that we can realize. It really depends
on our partners' operator sites. Our goal is to provide all features that normally consists of traditional bank applications like loans, like paying for some stuff,
like transferring, like international transferring and something like this. But as for countries and regulation, we have issues, for example, with users from Russia, but we already found a solution and we hope that this year we
We will introduce the product which will be accessible for people from any countries. That was my answer. Really guys, I see there are a lot of
I think I will not be able to answer for all of this but definitely we can engage with you just in the Twitter threads. So feel free to
tag me or our Montlux official accounts. If you have some really interesting questions, so please, we are very open and our team will be happy to assist and help you. And thank you, Zebik team, thank you Lorenzo for this presentation.
Thank you for coming. It was super cool and very interesting. So yeah, thank you and hope to do another one pretty soon. Yeah, thank you. Thank you very much. Okay, so have a nice, by the way, where do you look at right now?
in the US, right? No, no, no, in Germany. In Germany, so you have even already, yeah, I mean, as you're right now, we already almost midnight, yeah, so yeah, so have a good weekend everyone. Yeah, have a good weekend.