Super Cross-Chain Spaces hosted by King Solomon and featuring leaders from multiple ecosystems

On the latest cross-chain spaces hosted by Genfinity, leaders in the crypto industry like BitBoy, King Solomon, and leaders in the Hedera Hashgraph, Flare, Avalanche, XRPL communities and more discuss how to break silos and start collaborating between chains.

Transcription

Genfinity - King Solomon – Founder & CEO
‍A hundred percent. And I mean, we talk about real solutions being built out from the ground up in this space. And you, you know, I wanted to bring Pie-Fi and I hope you can hang out for like the next 10 minutes maybe. Ben, just because I know how busy you probably are and everything. More minutes, entire panel. I'd love to introduce kind of Pie-Fi. Yesterday, I don't know who caught it, but this was kind of a massive, massive announcement that I've seen which we kind of see the converging of some of these gigantic firms with real solutions that are being proposed in web three. And you look at like the Upside Co-op. Now Pie-Fi obviously Hashgraph Name and the Upside Co-op, but I would love to introduce Upside Co-op right now. So, they, like I said, they just raised 4.6 million bucks. But on top of that, co-authored their white paper with KPMG, and I really am interested in the like the co-op model on top of what traditionally exists right now with how people that are trying to innovate in web 3 normally start an LLC or try to start an LLC and move to a C Corp or do whatever they may do. A lot of projects start and say that they're doing X, Y and Z. Can you talk a little bit about what you have proposed in this white paper? But, and again, I want to open up the conversation in a second, but let's try to like Nostradamus, but maybe like three or four minutes so everybody can get like a taste of what you guys are really building here. And massive achievement by the way co-authoring a white paper with Orrick and KPMG. That was that's pretty ridiculous to say. Yeah and kudos to everything you guys are trying to do in this space, trying to open up solutions for the entire process. I one paragraph from that white paper really stuck out: the SEC (the Securities and Exchange Commission) does not normally go after or go after cooperations. So, maybe inform people about what that potentially might represent and what services you guys are trying to provide in this space.

Hashgraph Name & Upside Co-op – Nate Western – Head of Web3
‍Yeah, that's totally right. So, actually, to be more specific, cooperatives, over the past 40 or 50 years, there's roughly 80 SEC no-action letters that essentially declare that ownership in a Cooperative is not a security. So, hey everyone, I am Nate, or Nostradamus. I'm the head of web 3 at Pie-Fi. We have two products. Last year, we released our first product, Hashgraph Name, which is at Hashgraph.name. It is the main naming service on Hedera. But yesterday we made a huge announcement. So, for the past six or eight months, we've been working with Orrick and KPMG. If you don't know, Orrick is a name brand law firm and one of the biggest crypto law firms and KPMG is one of the biggest accounting firms in the world. And for the past six to eight months, we've been working with them on a novel model for compliant community ownership and digital assets and in digital networks. And yesterday we co-published that white paper um with both of them and it's been it's been pretty crazy so the head of the head of the global head of blockchain at Ernst Young shouted us out this morning and just told us that he loved the model and he you know he wants to write an article about it. But really what we're doing here is cooperatives have over a hundred years of precedent in a Cooperative in the ability of a Cooperative to hold Securities and then you can issue ownership in that cooperative and that co-op in that ownership which is tokenized on our platform is not a security. And so the model we published yesterday is the first model in web3 that provides a path towards compliance for any tokenized project that that provides a path towards compliance for any tokenized project and is backed by existing legal precedent. So everything else you've heard that is you know a lot of every you know all the other models that people talk about typically are speculating on what is utility and what is not utility and there's this type of token and that type of token but the model that we proposed yesterday and that was delivered directly to the inboxes of every single Commissioner and chief at the SEC or commissioner and chair at the SEC is the first on any chain in the history of web 3 that that provides a real path for any tokenized project to be compliant and is backed by existing precedent. Our platform the upside Co-op at upside Co-op is built entirely on that model and we already have our first cohort of customers but we the way that we're using that is not just for crypto projects but for any private organization we are allowing them to empower their Community with real ownership and then gain in the upside of what happens of the relationship that you define with your customer or your Community member when you make them an owner. So just so well I think you just wanted to do an intro so that's what we're working on. I'd love to chat about it I'd love to Chat with anybody about it.

Genfinity - King Solomon – Founder & CEO
‍And we're going to open it up we're going to open it up in like 10 minutes. May yeah Nostradamus I definitely want to man like I said we're at 606 we've been doing this for 66 minutes right now I'm just getting through the panel introductions which is pretty amazing and hey thank Pangolin thank you guys so much for hanging out um I have to give you guys a gigantic shout out I you know I know I Interviewed you guys maybe Valor if we could find the interview and pin it to the top um but Pangolin obvious the Pangolin DAO multi-chain DEX I think we have Justin up here right now, and this does have kind of synergy with some of the other guests we have up here right now from the Flair and Songbird communities. But, avax Flair Songbird and now Hedera. Now, I do believe by reading in that Hedera ecosystem Integration within Pangolin you mentioned Bridge Swap and honeycomb Integrations. I would love to hear what those potentially mean for the Hedera network and community. And then, I would love to hear kind of that maybe just a little bit of an overview about Pangolin. And then, we'll open up the questions for everybody and Mickey I know you're still up here, and Mickey is next as well as kind of what has been kind of the process between Avalanche Flair Strong bird and now Hedera and the decision-making process to move to hedera as well or interoperate with Hedera as well.

Pangolin DEX – Justin Trollip - CEO
‍Hey everyone, it's Justin. I just want to say thanks to everyone for having us on the space and to all the esteemed guests. It's really been an honor just hearing your stories and all the great things you bring into the ecosystem. I'll probably brief Pangolin as mentioned is a multi-chained DEX. We've done about 17 billion in volume over the course of the last almost two years. And really, you know while we want to come to Hedera is because you know we obviously see that there's a move towards tighter regulation. You know, obviously that's a it's a touchy subject. I won't comment on what that regulation looks like, but anyone in the industry understands that regulation is going to become increasingly more prevalent. So, Hedera does offer real-world use cases which offers you know definitely a nice pivot into these kind of regulatory compliant products which will know that into the space at some point in the future. Hedera also, I mean you know I used to be a former supply chain and ERP architect in a previous life, many years ago. And what Hedera is doing in real-world use cases like supply chain, like I love it. Like I really think that that is one of the coolest things I've seen, like those RFID tags or I just think it's very cool and I think that's an Incredible use case and I think more of those are coming which really excites me in terms of you know building real-world things building things with utility. You know, kind of escaping that you know tag that some of the non-crypto people kind of sometimes associate us with. And then, in terms of uh like building on Hedera, you know obviously you know everyone knows the benefits of the technology on this on the space. In terms of what we're building, we're bringing the DEX. We should have an announcement I think pretty soon about our go-live date. And then, in terms of our methodology or kind of like a bit of our philosophy on what we build. We always try to build open-source tools that contribute back into the ecosystem. So, you know we also clearly believe in a Multi-chain future so Bridge swap is a clear example of that thinking. So, what Bridge shop aims to be is it's an aggregator of aggregators. So, what we're currently seeing in the market is you're getting a lot of bridges, a lot of dexes that allow you to interact with different chains, move tokens between different chains. We didn't want to kind of tar our flag to any particular Moss, we wanted to support everyone. So, We've Incorporated numerous Bridges and it's again open source so any Bridge or any aggregator can integrate into our product, it's completely open source. And then basically what it does is it says, if you want to move tokens from x chain to Y chain, what is the cheapest cost of moving those tokens and what is the fastest method, and then the user can choose how to get tokens across. So, obviously we want to enable people to move seamlessly across every chain they engage in, for example, if I want to move money between Flair and Hedera, I should be able to do that and vice versa. And then honeycomb is the kind of the framework that bridge Swap and all of our user interface components are built-on. So, really what honeycomb is it's an open source library, so Pangolin would be everything you see on Pangolin is actually a honeycomb component. So, if you're a metaverse project and you want a DEX or a swap widget on your site, you literally can just copy and paste code and now you have it like a top widget on your site. If you're an nft project and you want Bridge swap to be on your site and allow your users to kind of bring money into your ecosystem, you can copy and paste the honeycomb Bridge shop component and now you have a bridge swap on your site. And basically everything we build is built in honeycomb first which means anyone can use it and we think this is key to allow these technologies. You know to be more composable, you know a lot of people talk about composability and you know it's definitely a design principle we take very seriously.

Genfinity - King Solomon – Founder & CEO
‍Thank you guys so much. No, and let's try to pin a tweet to the oh you did you guys did from Pangolin, and yeah again thank you guys so much for joining the space I mean I know it's been it's always like the wild west because so many great panelists building in so many different ecosystems. I know we have Undead blocks up here but I know we have on debt Blossom here but May I think you had a question previously.

HashPack Wallet – May Chan – Founder & CEO
‍Yeah I was just I wanted to touch base on what Pie-fi was doing with co-ops just because I wanted to put it in context with the DeFi space and what's going on in crypto where DAOs are a really big thing. And I just wanted to talk about like just briefly how do DAOs fit in with your model Nate.

Hashgraph Name & Upside Co-op – Nate Western – Head of Web3
‍Totally so DAOs aren't much different and in fact, if you took away the cooperatives backing the digital communities on our platform our original name was "The Upside DAO," but a lot of big leaders in the DAO space are sort of beginning to pay tribute to like the traditional terms. A Cooperative is an existing legal structure that has been around with us for a long time as humans, and it really does tribute to a lot of the principles that we want to incorporate when we make a Dao. The digital side of our platform are our DAOs. In fact, if you check our code, DAO is still everywhere on the platform. These are DAOs, they're just backed by cooperatives. And because we have current deals in the pipeline, we're in legal diligence with three professional sports teams and we also have web 2 companies in the pipeline. These are TurnKey digital cooperatives and we just find, somebody was talking earlier about, you know, it's better if it's boring right? Well, cooperatives are boring, but we know everything about them legally and we use them all the time. So it's almost a good kind of boring. But yeah, to answer your question, when you have a digital community on our platform, you have a DAO. And existing DAOs can merge onto our platform. What we offer on the platform is being backed by a legal cooperative and being able to separate what is tokenized ownership with what is a digital collectible that helps you vote or a token that helps you vote or a token that helps you with utility. We draw a clear line for regulatory bodies to show that hey these people are treating everything here appropriately.

Genfinity - King Solomon – Founder & CEO
‍I would like to, real quick, because I know we haven't gotten a chance to get to Mickey yet and I know Mickey you hopped in a couple minutes after five so I really apologize for making you sit for an hour and five minutes. But hey, we in Valor or Sarah, we do have some some flare questions down in the chat as well. Mickey if you could give us a little bit of a background, I mean you have, you know, you and Flair Community to me are kind of the people that have been sticking around providing real knowledge and information on a consistent basis within the Flare ecosystem. And now it's like game time. And there's some real value. I know that you relaunched the site that has tons and tons and tons of information for the community out there. I was watching your video yesterday, your two audio casts and I know that you did your Twitter spaces yesterday as well which you know, thank God we have people like you kind of putting out opinions in the space as far as like what you consider driving real network growth within Flare. I was watching on your website, you have like two seven-minute segments, and if people aren't aware. Obviously, the token distribution event has just occurred. Now there's the flare. We always have FIPs or HIPS or any of these Improvement Proposals within networks. FIP 1 or point 1, or however you want to say it, is essentially that kind of real aspect that is very important within the network. Maybe give your opinion on that briefly, and give a brief background about yourself as well, and what's your opinion on what's going on right now within Flair and how important is this proposal? Because I know wrapping Flair by tomorrow is the deadline 7 PM UTC I believe, or Flair Community, if Mickey doesn't hop in man, I don't know if can you hear me, Mickey, can anybody hear me?

Flare Network – Mickey B Fresh
‍Alright, so for our Network, for anyone who's not familiar with flair, it is a layer one blockchain EVM-based and we just had the token distribution which was one of the widest distributions of a native token to date to the XRP community based on a snapshot from December 12, 2020. And now we have roughly 80 FTSOs, which are Oracle providers who provide probabilistic data to the network. So, one thing that I really liked about Flair when I first came across them and as they've done things and built out, compared to other networks is they were able to take more time than many people wanted, and there were delays, but what they did is they expanded their vision and by building these two protocols into the network layer: the time series Oracle, which is probabilistic data, so that brings in price feeds from different exchanges, which is solving the Oracle problem for applications. So that handles the mining of the network, it produces the network rewards, and engages everyone in the community. So one thing the XRP community needs is more engagement, and this has actually engaged everyone because well, I think their design doesn't sacrifice opportunity cost to be able to participate, and anyone can delegate vote power to these oracles, and they could still simultaneously participate in governance and then use the value of that token. So when I saw that utility, that's something that's going to go a long way with the composability and interoperability between blockchains. The second protocol is a state connector, which is an attestation for deterministic data, and that's able to come to consensus on the information and data from other blockchains. So this is for cross-chain applications, and they built a back-end proof system. What Flare's ultimate vision here is to air a data provisioning network built with a layer one blockchain and connecting web 2 to web 3 is something that will help the whole industry. So instead of being an Ethereum killer, which every EVM chain has tried to be, they're trying to really connect ecosystems together, and that's one thing that we need more of in this crypto community, is bringing networks together and applications, like somebody said earlier, where you don't even know what blockchain you're on. That's really, I think, when we get more to mass adoption. They're doing one other thing recently that I thought was interesting. Web 3. They're able to take web 2 data, like say Twitter or actions that happen on Twitter for example, and then those actions can execute a contract on web 3 on a metaverse or in some kind of gaming environment or DeFi based on web 2 activity. And it's able to do that through this state connector, which is a independent group of attestation providers who are also validators. And the validators are also FTSOs, so they create this Guardians of the network instead of just proof of stake putting up value. They're tying these roles together and establishing 80 different independent entities including, like Hex Trust is one, so there's institutions mixed in with retail. So these two core protocols are at the heart of what they're building. And it has the EVM and it's built on Avalanche. Then we have DAPs that they want to build which is layer cake and the F acid system. And we have a very important Governance vote that's going to be coming up in the next week. Flare Community, I'll let you take that one. It's going to be interesting because the XRP community is really not exposed to this. I think it's healthy for communities to evolve and I could see that happening with our community. It's a tough go, but we're getting there and it's a stepping stone. And for example, the Canary network was built out a year and a half ago. This was not planned. They're 50,000 wallets within a week, and that's pretty impressive for a Canary network. Now we're getting there. So the community exists before the network is there. So they have some key advantages here and now we got to see if they're gonna deliver and if the applications are going to come onto the network. So it is very interesting. It's got people engaging and a lot of people excited. It's caused some controversy because they built in some mechanism design that transfers the value away from people who don't participate to people who do participate. And this transferring of value is something that I think a lot of networks try to build in, Game Theory and Mechanism design is the reverse of Game Theory to try to achieve outcomes of the users. And if the incentives are all aligned, which they're for the most part aligned here, and the focus on decentralization before the network launched was a big thing for me. And they got four infrastructure providers, Block Demon, Figment, Stakes dot us, which is Kraken, and also into the block to run be three validators each. So it's a process of decentralization where Flare doesn't control the network and there's going to be the 80 FTSOs they are phasing in with the validation power. And I think that's a good process going through beta for six to nine months because a lot of people expect these networks to be just all up and running and be doing everything. And that's not reality. They, these are there's no rule, there's no history of this. It's just developing so rapidly, and with the uncertainty and the regulatory, you know that at least they were able to achieve this distribution far and wide decentralization. And the other thing they did was they built in an on-chain governance, something that a lot of layer ones don't have. So the fact that the community can actually vote with their vote power from a portal, so they could actually be delegating to an FTSO and using their value token as collateral and then simultaneously be able to vote in governance, so they don't sacrifice the opportunity cost. That's one thing that's at the heart of their white paper and it's difficult for people to really wrap their heads around what that means coming from like Bitcoin and scarcity and other networks. We have to see if it's borne out, it looks good, but it's very early days. The network launched a week ago. I'm very excited about it. We've been spending a lot of time for two years researching this for our community, myself, but recently we had some people jump in that were influential that just caused some disruption. That always happens, but we get through it. I just think if we bring on more people who could educate and more people participating in the network, like running FTSOs, being able to interact with web 3 and understand that if maybe we came into this to be rich and millionaires, but along the way we learned that there's a transformation going on here that's much bigger than just that. Over the years of being in the space, and that's what the communities are for, to build bootstrap these networks and be at the foundation because one day they might be the financial infrastructures for the new financial system, and there's going to be many winners. I think all these networks could work together. So flares tagline is connect everything, and they were lucky to get listed on all these exchanges, but we had massive sell pressure because we had to get rid of the sellers. That's the Flare Network, and I'm going to leave the governance situation to you, Flair Community.

Genfinity - King Solomon – Founder & CEO
‍No thanks Mickey, I know I was just like sitting in a Twitter space for so long, sucks. I pinned up at the top by the way, and I know may I just got a DM that you have to hop. It's always such a pleasure to talk to you. I know how busy you are. I'm sure that we'll be talking in the very, very near future. As you know, I talked to Marc all the time, looking forward to catching up with you. I think we're going to have some really cool interviews in the near future. Mickey, I just posted up at the top. Mickeybfresh.com is really a fantastic resource alongside Flair Community, the YouTube, and you know not telling you guys to go join patreons or anything like that, but these guys, these guys put in the work, and they've been putting in the work for years in these communities, really learning and diving deep into the aspects and the intricacies as far as what's going on. So when you hear things that are solely based on opinions. From somebody that hasn't even taken the time to read and stay on top of all the proposals and everything else, and I'm not talking about like other devs or other people from other networks. I'm talking about like big accounts that are just making videos for engagement. I would be paying attention to the people that are doing the real studying and the real work. And, Mickey, I know that you're one of those guys, and I know Flair is, so I'm super super honored to have both you guys up here. If you guys can hang out for like 10 minutes here, I think we have some questions to get into before we wrap. But, I did before we get to questions, I wanted to introduce up to the stage Undead Blocks, as well as Altmom, and then I think we have a couple of people that want to come up as well. Maybe, I'll bring Coffee or Exceed up. If anybody wants to interject or inject value into the conversation, feel free to do so. But, Undead, I know you came up first, so and again, we try to keep these as cross-train as possible. So, Undead Blocks building on Ethereum first and foremost, I'm sure you guys have some additional stuff you want to talk about. But it's so awesome to have you guys come up and I'm just super honored to have you guys up here as well. From the gamification standpoint, I've had people even in my own, not showing patreons, Patreon being like check out what Undead Blocks is doing and it's like crap I'm so busy all the time like I don't have time to do this stuff but like I've heard such good things from what you guys are doing. So yeah, feel free to come up and tell us a little bit about what you guys are doing. Undead.

‍Undead Blocks
‍Yeah, appreciate it, I appreciate everybody coming out. We are Undead Blocks, built by Wagyu Games. We have a first-person shooter Zombie Survival based game that has been live since last June and our beta. We just launched our Duos multiplayer the 31st at the end of the year, that's been going amazing. I've been having a lot of fun things like that. We're also live, going to launch our live earnings and 100 live of every game mode February 28th, and we'll also be going on Apple and Google Play stores and iOS stores. Quarter Two first a quarter two there. So, we've got a lot of things that's coming up. We just want to make it fun for everybody. We most definitely are chain agnostic. We will be building with some new blockchains here coming up in 2023. We did launch first on Ethereum or to Genesis and apocalypse nft collections. We have since dropped a collection with immutable x with GameStop nft Marketplace. Suggest trying to do a lot of cool things, bring a lot of entertainment to every Avenue, and make it as frictionless as possible. All you need is an email and a password and go verify that you're not a bot. You don't need to know anything about blockchain, anything about wallets, you don't have to connect anything If you don't know any of that, we facilitate all of that for you on the back end. We just want it to be fun for people to come out and compete. We have a tournament structure that we've ran since the last weekend in July of 2022. We've given away up to $175000 in prize money to participating participants. We're just going to continue to do that in 2023. We're going to be in Miami at the end of the month for the Gamers Choice Awards. We're nominated for Game of the Year and First Person Shooter of the Year. We're going to be at all the big conferences this year, trying to line up tournaments so that there'll be something really cool for everybody to come out to. Like Consensus, NFTNYC, NFTLA, or Eth Denver, there might be a tournament that you can come and participate in, have a lot of fun, give feedback, and things like that. That's the biggest thing that we're doing in the space right now. But most definitely going to be seeing us building with somebody else here in 2023 as we push out, because we most definitely want to reach every avenue here in blockchain and on the earth. So just appreciate everybody letting us come up and always appreciate you, Kings.

Genfinity - King Solomon – Founder & CEO
‍No, thank you guys so much. I'm gonna try to get some people up. I know I'm bringing up coffee from Leemon swap right now as well. But I did want to say and Valor, or Sarah, let's try to see if there's any legit questions down there for Flair or Mickey, because I did see one. Yeah, there's one I saw, there's one on there, if you want me to read it, I can read it out here real quick. Let me scroll down to this real quick. Yeah, in a second I wanted to because I know alt mom had her hand up for literally like an hour and I'm so sorry for like, yeah, I overloaded the damn Twitter's face. I'm really sorry. But yeah, super awesome to have you up here. I know that your kind of vision for this space is very similar to what mine kind of is, where it's just trying to make relationships and connections and trying to be as agnostic as possible and keep building out these real discussions amongst multiple projects and hopefully there's some Synergy where we really kind of start seeing this like this patchworking of ecosystems being built together in a way that can hopefully represent more usability for the mass populous out there. Welcome up all mom.

AltMom.eth
‍Yes, yes, yes. Oh my gosh guys, so much quality up here. I definitely big Love to you on dead blocks. We've been friends for a long time and I was grateful we got to do that event together in Nashville. That was super fun guys, I played on dead blocks for the first time with Kyle who's up here and is the CEO

I said I'm not playing until I'm playing with you and I took last place in the tournament, but I was super proud. I also picked who was going to be the first place winner like before they played and without knowing anything so it was fun. My biggest thing is to find these projects that are doing just all of the work behind the scenes, take all of this knowledge back to my communities. I run about 30 to 40 hours of Twitter spaces a week and then I'm building a ton of things on the back-end, really focused on the heartbeat of web 3, and that is all chains and all information. One of the things I wanted to do today is give anybody that is wanting to come to Quantum Miami at the end of the month reach out to me. I've got access to a few free tickets to that event, so if you want to be at that IRL opportunity and maybe it's out of your reach, I would love to help you get there. You can come down and it's the old North American Bitcoin conference and they've rebranded it to Quantum. That's where vitalik pitched the first time, these are the ogs in the space. I got to meet Evan Luther there, who's been in the hedera ecosystem helped me really understand it from the very day one. There's just so much knowledge and value so would love to open up that opportunity if there is anyone in the room. And also if you're worried a little bit about like Financial means, I have access to some Hotel travel dollars and I'll give out 5,000 of those, 1,000 per person, so five people that retweeted this space, I'll link up with you and that can get your hotel cost down to the same price as what the Travelocity pays or hotels.com. I just think that it's valuable that you give people the opportunities and if I have something that I can give, I think that it's just my responsibility to do it right. I love to be here. I have a million questions but I'm going to sit back in and chill and I'll butt in when necessary. You all know I have ADHD so if I have a question I'm definitely going to butt in on it.

Genfinity - King Solomon – Founder & CEO
‍Sure, I have to ask real quick before we kind of get to more speakers and I know the genfinity team is like in the Discord being like this is going to go way longer than an hour and a half. Like, uh, coffee you came up, I know you're ever hand raised you, you go first. Uh, okay, I remember what I was going to say, did like did everybody like that was up on this panel at the onset? Like, because there seemed like there was a lot of synergy between different projects. I would love that those connections be made whether that be patches or BPM or Serenity Shield or anybody else. Like and I you know who knows, I know Ben hopped off bit boy, I know it's super polarizing to get that dude on spaces.

Leemon Swap – Coffee – Head of Business Development
‍When the time comes, based on the minting serial number and its associated amount of VX juice tokens, we found a use for it for our project. I think there's a lot of different use cases people could use it for and the NFTs themselves are customizable. I mean, the whole this isn't an ad for them, I mean they're great people, but I'm just saying that the use case is there and I think it's really neat. Something that I'm surprised hasn't caught on, you know, it's a similar mindset.

Genfinity - King Solomon – Founder & CEO
‍I'm sure Mickey probably remembers the Coil aspects like the social media aspects that you could do through Coil and I think it was just way too ahead of its time. Like I remember using it and with the micro payments aspects and everything else through the like, yeah, obviously like XRPL type stuff, but it really never took off. I just think that that is all it's almost like who said it where it's like I think somebody in here when I asked like the elevator pitch for three or four minutes was like, well let me start at the end. I think it was Justin from Serenity Shield. He said, let me start at the end and work my way forward. I really think the micro payment stuff from a social standpoint is a thousand percent coming. Like XRP tip bot was massively successful. I mean, God, we use that consistently and the Coil stuff was massively successful, but sometimes you see amazing use cases that are so front and forward thinking. Like even look at the XX Network stuff, Darren and I obviously sponsored by XX. They're not financial advice, I don't think I've even done one tweet on the coin, but like the ecash aspect that David Sham invented decades before even Bitcoin, it was just really, really early for its time. And now we're kind of at the proposition now where, you know, what it's almost like, what and unfortunately, I think it is, it's like almost like either we build in a use case for what's been built, it is so far ahead of its time or I don't know, like that's kind of my take on it. Valor, can we look for the message right now for Mickey and Flair? I know you have that loaded up because there was a good question. Yeah, so I it was based, let's see, it's from Chef Pangu. It's the username. Let's say I have a wallet X that was used for the snapshot for the initial airdrop. I move my coins from wallet X to wallet Y where I delegate to FTSO providers. Since they have left the original airdrop wallet, will that make me ineligible to receive my monthly distribution?

Flare Network – Mickey B Fresh
‍Yeah, I mean, this is quite a basic level question because you know this is one of the major changes of the Proposal. I'd highly suggest anyone that wants information on the proposal to actually read it. But to answer the question, it doesn't matter. So one of the biggest changes from the Proposal is the method of Distribution. So back in December 2020, there was this snapshot for XRP holders. They linked an Ethereum account, which is also a Songbird account and a flair account, right? The distribution method is not going to be if the proposal passes. It's not going to be to that original wallet for the next 36 months. So whether you send it to one wallet or you buy it off an exchange or you withdraw it from an exchange into your own wallet, it really doesn't matter because the only thing that requires you to receive the flr is the only eligibility criteria is holding wflr. So, no matter where you hold it, that's why you will receive it. That's pretty much it, really.

Genfinity - King Solomon – Founder & CEO
‍I also saw and I guess this is both for Mickey and Flair Community, it's really cool to see like and I have been kind of out of the loop with the flare stuff. It's good to have you guys up here but even buy Frost I saw you retweeting Bifrost like with automatic rewards and the kind of the delegation stuff is automated which I think is really cool right. That's those are like the small little changes because for me even with Songbird when I was trying to delegate to the providers like it was always like a little bit of a pain to like go in and have to do that manually. So, what is the automatic distribution look like? Is it literally just going to be like almost like a trust line from a time standpoint or in perpetuity until and you have to pay attention if you're delegating to one FTSO or another because the automatic rewards claiming I think is just it makes it so much easier. I would much rather go in to my Bifrost wallet and see that I'm obviously I've delegated to this FTSO and I see my rewards accruing rather than having to re-delegate or redo X Y and Z on a weekly basis. I think is what it was through Songbird.

Genfinity – Valor – Founder & CCO
‍I think currently isn't it, that you just have to claim them within is it 90 days? If I'm not mistaken, it's not so much that you wanted to re-delegate you don't have to re-delegate you, it just you can delegate once and you as long as they're wrapped you're gaining rewards, you just have to claim within 90 days.

Genfinity - King Solomon – Founder & CEO
‍As much that's how ridiculously out of the loop I am. So, what is the what is the automatic claiming process represent within Bifrost now?

Flare Network – Mickey B Fresh
‍Yeah, so this is a it's a it's a very simple concept. So you know you would manually claim the rewards, you know up to 90 days and if they don't they sort of expire but what this is going to do is it's going to allow you to I guess automatically claim the rewards after each Epoch, the best thing is that you're going to get the maximum compounding effect. If you don't cut them, if you don't necessarily claim for a couple of months, all of that WFLR that you could have claimed could have been generating you more rewards. This is just streamlining the process.

Genfinity - King Solomon – Founder & CEO
‍To answer the individual's question, it does not matter as long as you have wrapped flare, you're delegating, and you're claiming to gain maximum effect within your claims on each Epoch. It doesn't matter if it's the origin wallet or not. The benefit is that it's good for those that are expecting on an exchange.

Flare Network – Mickey B Fresh
‍You can withdraw your double F UF your FLR, hold it in your own wallet, and then continue to receive this airdrop for the next three years in your wallet. And you're not relying on that exchange to remain solvent. In regards to uphold, they are saying that they'll give you between 7-12% APY for holding on their exchange, which is absolutely Ludicrous if you actually work out the current APY, which is currently sitting at somewhere between 40-60%. So they are skimming a lot off that. I'd highly recommend delegating from your own Wallet, not just for the fact that you make your own delegation decisions, but for self-custody is King.

Genfinity - King Solomon – Founder & CEO
‍Especially with all the FTX that's just occurred. If you want to participate in a network, you're going to trust it through an exchange.

Flare Network – Mickey B Fresh
‍One thing to note, there is an upcoming snapshot for holders of FLR and XY as well, this is an asset on Songbird. If you want to be included in that, you know, as we know with all snapshots, it's best to hold the assets in your own wallet. And it may have already occurred to this snapshot, but we don't know it's going to be announced retroactively. But you know, you can't rely on exchanges to support an asset. If you want to have the best experience, just hold the assets in your own wallet. I hope people really learned the lesson from the XRP snapshot, and the people that were holding on coinbase and there's this big delay. I don't want to open up a can of worms here, but yeah, they're sort of having this negative effects based on the incompetence of another exchange but you know, just remain in control and having that element.

‍Genfinity - King Solomon – Founder & CEO
‍It's true, cause I mean it, it really is root cause, like where it's like it's not, I don't even think it's inadequacy or irresponsibility of exchanges. Like you have a lot of really concerned people but if you go down to why people are really pissed off, it's because nobody was custody in their own assets and Bifrost has been out for forever. Even within the introduction of like Songbird, Bifrost supported all the delegation aspects and the FT or the Oracle providers and everything else within the canary net. Like it really it, like you have people like flair Community doing these videos consistently telling you to custody your assets to participate. You know, if you want to participate, participate, if you don't, you know, vote and sell or do whatever you want to do. But you have people providing you with that actual information about these networks that is massively important and this is going to prevent this same situation occurring two or three years from now by just being like participate and custody your own assets. Don't depend on coinbase to give you what you think you deserve. You know, I don't know. It's just, it actually is, I think it's a bigger issue though. I saw there was an action, there was a, there's a lawsuit right now isn't there? Didn't they just do, I see that today, there's a, there was a news article that coinbase is sued right now for the flare stuff.

Flare Network – Mickey B Fresh
‍Yeah, I believe so, I did see that yeah, that came out today.

Genfinity - King Solomon – Founder & CEO
‍I forgot about that, yeah. I mean, because if you think about it, there's all sorts of intricacies and yes, we'll support but not being clear, and that's a due diligence problem for coinbase probably. I think these people might actually have a suit on coinbase where it's like we'll support the airdrop, well, you better freaking support it when it goes down because people are going to lose a ton of potential money or potential allocations within Flair if they don't support the onset and they support 10 months later because of what you just taught about Flair from simple compounding aspects.

Genfinity – Valor – Founder & CCO
‍Another question I think that the community might have as well is potentially what are some reputable FTSOs. I know that the list has grown quite a bit since, you know or in the last two years, is there any recommendation or is it just like do your own research type of deal for each FTSO, that our signal providers.

Flare Network
‍You know when it comes to the signal providers, I really like to support those that are going above and beyond right. So not just providing a service for you know providing the prices right, which is the role of a signal provider, but a lot of them have built websites which you can delegate from and which you can. And there's one for example, flair.space, they've created a website which gives you a model of the projection of the proposal you know, you can compare how much FLR you'd expect to get without the proposal passing and another one with it passing. And then you've got things like FTSO, Au and EU. They've built all kinds of stuff. You know, the flare metrics website, which I think many people are aware of, gives you the statistical data for all the signal providers. But there are many different signal providers to choose from. It is really important to go with one that is reputable, because there is this idea of collusion as well, which has happened in the past, where a lot of people are sourcing data from just one particular API. But yeah, it looks like Mickey wants to add on this, so I'll hand over to you. Yeah, we can see down there as well.

Flare Network – Mickey B Fresh
‍I just wanted to add on to this because I know this is a confusing situation for all the community to be in, of how to pick the FTSOs and the right ones. There's so many of them, and it's an ongoing process for the design of the system. So, Flair initially prioritized on Songbird to get the best, most accurate data, so that it made it very competitive to where the vote power started getting bunched up all at the top. Now this, this made the data really good but it unevenly distributed the rewards all to the front. So they lowered the vote power cap to two and a half percent when Flair started, and now it's that on Songbird as well. We're going to see more of that and it's going to continue to flatten out because the FTSOs are also going to be validators and they're going to also be testers. There's going to be things in the future starting with like the band of who gets rewarded is going to spread. So that say, a delegator delegated and they do have good uptime, they're building things like clear community said, but that reward rate they didn't get truncated in the 50, and they got off on the other ones of the different price feeds. Doesn't mean they did something wrong, it's just the way the system was initially designed, very competitive, but it's a zero-sum game. So, they're already optimizing. I think the next update is going to have where it will spread the rewards out more. To the point where they want more FTSO providers. But we're not going to get more FTSO providers if the FTSOs can't be profitable, and that's something that they recognized, and we're going to see that. But for the time being, you gotta go by the different metrics and be careful of who goes over the vote power cap, which is two and a half percent. And the vote power lock-in is a couple days before the actual Epoch, so it'll go based on your volt power. I believe it's Saturday it starts for the one on Monday and then there's one on Wednesday. I don't have it on the top of my head. There's some really good charts by status, somebody else made one one of the FTSOs. But that is one benefit of having all these FTSOs. They provide us all these tools and services, so expect it to level out. Hopefully, that happens sooner than later. Everything will get tested on Songbird first, and we'll see how that progresses. But this is the benefit of having Songbird. The collusion thing, they're going to implement a method where they could chill so the FTSOs could vote amongst themselves that somebody's colluding as evidence of it, and then they could put them in like timeout a couple reward epochs if they're caught doing that. That's like on the horizon or in a part of the proposals, and the community is going to be able to get involved in making proposals too. So on Songbird is the lower House of governance, so any community proposal has to go through Songbird, and it's got a pretty cool design. I'm not going to go into it, but it filters through instead of just a hundred different proposals getting thrown up by the community, and it narrows it down by putting some incentive to earn and some value on the line, but future yield you put on the line. So if it is an interesting design, they're doing that with the bicameral governance for a layer one, so they've thought really hard about that. And you know this is going to be just an evolving design to get it robust enough to where you have accurate data and at the same time, you have a fair distribution of rewards for different FTSOs. And also to note, the inflation does always go down continuously every year, and never can be raised. So there are certain things that are hard-coded in there, but it's exciting. I think that there's a lot of different design possibilities with the testers and the way they could build their own client sides and the composability should be really interesting going forward. I'm excited about that.

‍Genfinity - King Solomon – Founder & CEO
‍I've got a question for the probably Flair community in a second. Thank you so much Mickey. I will say kind of like seeing all the FTSOs on Twitter, it's the best way to stay informed. I will say, like from what Mickey was even saying, like if you look at like some of these even dexes like building out like, and I know coffee's in here right now, we'll publish, I think we've already published it, but like user portals and making like the UX and the UI for different users where they can learn about Defi, where they can learn about what impermanent loss actually represents, where they can see, oh, I've created a liquidity pool token within these two assets, what happens if this asset goes to this price, and this asset goes to this price, what does my actual impermanent loss look like over time? I know like, yeah, I won't say the exchange is doing, I mean, I think usability from a UX and UI standpoint for it really does represent mass adoption. I got a text message, a text message question for the Flair community and that question is, and I thought about this, you know we probably we've all seen like the canary aspects between polka dot and kusama. Like what situations exist where kusama over time could represent more value than the flare network, whether that be my I know you're not going to get into like yeah, so.

Flare Network
‍Yeah, so I guess Songbird, you know, it is quite a promising network because you know everyone's got flare in the spotlight right now, right? But Songbird is actually going to be home to all of the latest changes and that's not just on a protocol level. It's going to be on the daps that are launching as well. You know new functionality is going to come to Songbird first and I think there's going to be a wave of people that have received their flow tokens and they're going to be intrigued with what's already built on Songbird. You know I think Bob way, he didn't even know about Songbird until a couple of days ago. So, I think it's going to be exciting. I think there's going to be a lot of people that want to come to Songbird to try out this new functionality and as Mickey said, you know, it's going to play a vital role in the governance system for flow as well. So, I think the demand is definitely there and I don't think some about is going away. Well, I know that it's not going away, it's just going to grow in popularity in parallel with the flow network. You are not on.

Flare Network – Mickey B Fresh
‍And also we could have distributed applications that could since they both have state connectors, these applications could technically be able to communicate with both networks. So that's also some interesting things of the direct composability between those two and. Thank you guys, there's a lot they could do with Songbird. I think it was a really good idea and I feel the same way for our community with Sunbird.

Genfinity - King Solomon – Founder & CEO
‍It was really. Yeah, we've been, I think that was from Eric right? I think Eric you asked that question. I know I got a text from you. Mickey, you were not on mute for the good like six to eight minutes of value that you were providing. Sorry if you thought you were on mute. Lady K, I know you just came up and exceeded me and we're gonna probably wrap this up guys in like the next 15 minutes. So, exceed if you want to go or actually lady if you want to go first because I know you were waiting in the audience for a while.

‍Lady K
‍Hi, I don't even know how I ended up requesting. Sorry, it's been a very good space. I've been enjoying listening. No awesome, do you want to ask anybody up here or anything? I don't want to just kick you down like hey if you're up you know. Well, I just okay, can I just say this? Everybody in the Flair community, please please vote because I did get that up email from uphold. They were like hey, we wrapped your flare in the background, don't worry you don't have to take it off and I have a feeling that these exchanges are going to use those wrapped flair to vote their way. So, please please vote. That's all I want to say.

Genfinity - King Solomon – Founder & CEO
‍Thank you so much lady, we really appreciate it. I think it's a really valuable comment as well. I mean, this comes down to self-custody. It comes down to custody in your own assets and participating within the networks you want to participate in and not letting other people make decisions around that. That's a good point she brings out. Anything? Yeah, community. That is interesting. And then, we have a exceed me as well. All right. See? I'm sorry. Exceed me. God, I see. Fun. Sorry guys. Yeah, come up. Tell us a little bit about what you guys are doing.

Exceed Funds
‍Hey, what's up? And yeah, it's Exceed Funds as the Twitter handle. Our website is exedc com. We're pretty much an SEC compliant platform that lets all different forms of talent hold a regulation a mini IPO for the shares and offer that to their community and to people all over, you know, all over web 3, web 2 through our app. Deep down, we're a fintech platform. We call it fan tech because we do a lot with music artists, content creators. We're working on a lot more than that that we're going to be announcing really, really soon in our Discord server. But you know, we're using web 3 and this new NFT technology. I mean, this stuff's awesome like what you can do with it and what it means for the communities. I mean, what we've done with a few different artists, we'll do an NFT for the different music artists and that's basically the pass to the exceed platform. So with that, you're gonna get no trading fees, no minimum buys, and then there's going to be tons of different community perks and benefits that go along with that. I mean, web 3, one of the best and greatest utilities we've got here is the community building aspect. And you know, like my favorite part about this whole thing. But you know, pretty much, we're trying to give the power back to the artists and back to the creators. Anybody who knows anything about the music industry, I mean a lot of the deals that get signed behind closed doors. These things are more predatory than payday loans and it's horrible what happens to some of these artists out there. But you know, using the exceed platform, they get to do this regulation a mini IPO, which is giving the fans the option to become like a real part of their career. Like you own shares, everything's SEC compliant, we do everything by the book, above water and you know, completely the way that we envision parts of the industry to be. I mean, just like you guys talk about so much shady stuff goes on out there. And when you see a company that's got like SEC compliant and follows the rules, does everything the right way, I mean, we're trying to work with artists and different content creators to really bring them into web 3. The next one we're doing is going to be with the rapper Little Dirk. And you know, like a lot of these people in the music industry, don't either don't know about crypto or they're scared of it because of you know, the what they see in the news, like SEC going after people for one thing or the other. But you know, we're trying to basically legitimize everything and doing an NFT with them, you get to use the platform. That's basically the it, it lets you get in on the sale early. Like we're not doing anything with the token, we're not doing anything with tokens. We're trying to make sure we stay in the clear for all of the regulations and everything. So, you know that that's pretty much it. We've got a lot more in the pipeline. We just started with the Discord server recently and you know, we're gonna be hitting the ground running. I mean, we've got a lot of really cool artists coming up and, you know, like I said, it's content creators, it's athletes and this is pretty much for any revenue stream. Like, music royalties are the most obvious one and a clear path for us because we've got a huge, we've got a lot of experience in the music industry. The president, Anthony Martini, has run multiple record companies, multiple successful exits and he was the guy running Royal Royalties Exchange, which is the largest royalties platform today. So, this is kind of like right up our alley, but the potential for what we can do with this is, you know, we're going to be opening that up as soon as we get more into it.

Genfinity - King Solomon – Founder & CEO
‍No, awesome. I really appreciate you guys coming on. I think probably even like BPM there might be some synergy there if you guys want to maybe make like a little bit of a contact within the music aspects that are going on right now. I will say like, I'm definitely gonna get yelled at by the team at genfinity for not like shilling our own stuff. It's really nothing to show because we're just trying to provide like educational content and you know, do the stuff including the series 65. I see Aries down there right now. We are rolling out and we already have rolled out a guide to series 65, so people that look at like these pre-IPO share platforms that exist right now that are like, 'Hey, you can buy Ripple stock at this amount at this up charge, XYZ' and you have to be an accredited investor, which means you have to make 150 Grand a year for two years straight and then the next year you expect to make the same thing or you're married. And you and your spouse make 300,000 bucks a year for two years straight and then the next year you have to make 300,000 bucks a year like that. That guide we're really trying to provide to you all and you can go to lighthouse.genfinity.io to look at it. It's literally a course, you know and this is free for the community. So, we're proving out this model, we're not guaranteeing anything, but we're we have a FINRA, a FINRA registered series 65 Series 7 coordinator that is putting this content out. Our first Twitter space we're doing for that is this Saturday, I think it's at 11:30 a.m if I'm not mistaken, so 10, 9, 8, yeah 11:30 a.m. Arie will be there, Eduardo from pre-IPO will be there as well. What happens though, if you if you kind of do learn and the goal for this course is that we make the relationships and bridge the gap between web 2 and web 3, provide a talent pool for some of the 15,000 registered investment advisory firms that exist in the United States right now, potentially provide a sponsorship for somebody that passes a series 65 through the guide and create relationships. We're not paying for the test is like 150 bucks, but it's worth it. You could look at how much the educational content costs. Getting people through this course, hopefully, we've done our due diligence and some people pass the course. We kind of bridge the gap between the talent pool. When you get sponsored by one of these registered investment advisory firms, like and you've taken this test, it's a FINRA test. You know, you essentially become one of two things: one is kind of a registered investment advisor. The other one is kind of you know the BDM aspect where you can sell financial products and do XYZ within a firm. Once you get sponsored though and you can look at the average salary of an IAR. There's 15,000 RIAs which are the firms and there's however many IARs that exist out there, which is the person that takes and passes. Once you take that and you do get sponsored, as a byproduct of that, if you're a legitimate human being that wanted to learn, wanted to kind of excel yourself, and bootstrap yourself up and have additional opportunities, you do become an accredited investor without the financial means that would normally be necessary. I do want to show that a little bit. I definitely want to, I know hashport you wanted to come back up. So, if you guys are interested in like the series 65 stuff, first Twitter space again this upcoming Saturday at 11:30 a.m. Eastern time, and then you can go to lighthouse.genfinity.io to actually sign up for the course. Hashport, what is up?

Hashport – Jesse Whiteside – Director of Business Development
‍Yeah, I just was sticking around just to listen to all the wonderful co-hosts and speakers just talking about all their respective platforms and what's happening. I mean web3 is such a fertile landscape for development and experimentation, and I feel like it's one of the most rich tapestries out there in terms of experimentation and development. So, you know, anytime you can listen to two different perspectives and what people are working on, it lends itself to ideas across multiple ecosystems and platforms. And you got to spend the time hearing all the different perspectives and understanding where everyone's coming from to really make this web3 infrastructure act and behave in the same way that web2 does. Where you know you can get onto any device or computer, tablet, cell phone doesn't matter and have a great user experience. And I think that's really one of the main barriers that we're looking to break down, as well as, obviously, with everything that's happened with the centralized exchanges, moving towards simplifying the process to getting onto a decentralized ecosystem just for individual users who might be coming from anywhere, really. Just easy onboarding into the spaces is paramount. I think you know a lot of what's happening here today is centrally focused around that, so it's just really exciting to hear other people's stories.

Genfinity - King Solomon – Founder & CEO
‍Yeah, and I want to thank all of the panelists that we had up today. I always feel so bad because like death, Ranger down there in the chat, and Arie, and Matt, like you know and shellfish and a scrap, there's so many people doing so many cool things in this space. It does take a lot of time and energy and effort, like I feel bad because like death is one of the most valuable people that I can ever bring up into a space. This space was just super loaded with people really talking about what they're building. That's what we want to keep trying to do with these conversations, obviously not financial advice across the board, but like so much information in such a short time span. I'm glad that we've started trying to really kind of nail down like what the gas panels will look like and create cross-chain synergy. Like we even heard today in the space which is super cool. This is kind of what this is all about anyways. Projects wanting to reach out to other projects after the space ends, and like whether they're building in the same ecosystem or different ecosystems, it's really cool. It's what we're trying to do. I have to give a gigantic shout out to Flair community and Mickey. I know you guys coming up here was a ton of time for you guys and you guys have been providing a ton of value for the Flair community, the xrpl community, everybody else and alt mom, I can't say enough. I could do this for 20 minutes.

AlthMom.eth
‍I'm gonna jump in, and just for a second, remind everyone, if you want to go to the quantum Miami event here at the end of the month and meet with some of these people in real life, reach out, message me, and let's see if we can get you a ticket. I've got access to some free tickets there, so just grateful for everybody to come in here and get all of the knowledge that King Solomon and Valor and everyone up here are sharing. And then also, if you are still here and you are listening, I'm giving away a thousand dollars of hotel dollars to maybe help you travel to some of these in real life events. So I'm gonna go with, looking at who retweeted here, Mr. Martin, if you want to shoot me a DM, Lost Art, if you want to shoot me a DM, let's see.

Genfinity - King Solomon – Founder & CEO
‍Oh start is the dude that always brings up like, the last one we did in December, he brought up Thanos, which was like an amazing rapper, and a great stinger last week too, which was acapella, which was a little bit of a wild animal type thing at the end of the space, but it was super cool. So how about you pick three more people that you see in the space right now for me to give them to come on, no pressure, no pressure, yeah, no I'm good on that.

AlthMom.eth
‍I mean all right, all right, let's go with, let's go with Jason, Jason I see you all the time, let's go with shellfish, I see you waving down there and throw up some emojis, let me see who Professor xrpl See him in tons of spaces, he's all over the place. All right, Professor XRP, so shoot me a DM later on this evening. I will give you guys directions on how to claim those, and it's absolutely free. It doesn't, it's yeah, and you can just use it to get your hotel costs down to that lowest possible price. So just really grateful to be able to do these things for the community and I wanted to dig into so much tech, but we'll save it for when I get you guys one-on-one.

Genfinity - King Solomon – Founder & CEO
‍No thank you guys all so much for joining Flair Community BPM, Serenity Shield Undead, I mean I can go through the entire list. It's been a massive panel, Enter the Void, I know was like Hey, if you're still around an hour and a half from now, I'll come back on. I'm just like, Jesus, god dude. I will be eating and going to sleep. I've talked for two and a half hours straight, so and I'm sure everybody's sick of my voice. So, nice talking to all you guys. We'll definitely be doing these in the future, so appreciate and love all you guys. And it is what it is. I will talk to you when I talk to you later.