WEBVTT 1 00:00:00.080 --> 00:00:03.080 So Dana Janna, you know, told me like, hey, Sonny, 2 00:00:03.160 --> 00:00:07.599 I don't know anything about the crypto shit, right, but 3 00:00:07.599 --> 00:00:10.240 but I know what you're doing. And I really mean 4 00:00:10.359 --> 00:00:13.199 I show him about the v better Doll, the ecossm, 5 00:00:13.240 --> 00:00:17.440 the different type of application like Mackshaw CLANEYFI and Evy earned, 6 00:00:17.480 --> 00:00:19.440 you know, for how do you connected with a tesla? 7 00:00:19.920 --> 00:00:21.760 You know, like, oh, I can't understand that. 8 00:00:27.039 --> 00:00:30.000 Welcome into the Thinking Crypto Podcast. I'm your host, Tony Edward, 9 00:00:30.079 --> 00:00:32.679 and today we're recording at Station three in New York's 10 00:00:32.719 --> 00:00:36.240 Financial District, and my guests the one and only Sonny Luke, 11 00:00:36.359 --> 00:00:39.640 co founder and CEO of V Chain. Sonny, it's great 12 00:00:39.640 --> 00:00:41.079 to have you and to be doing this in person 13 00:00:41.119 --> 00:00:41.320 with you. 14 00:00:41.399 --> 00:00:43.479 Oh, it's definitely my pleasure, you know. I feel like 15 00:00:45.000 --> 00:00:48.520 having that kind of interview. It's so much different. It's 16 00:00:48.520 --> 00:00:51.920 better than the remote. So I'm quite exciting what we're 17 00:00:51.960 --> 00:00:53.240 going to talk about today. 18 00:00:53.560 --> 00:00:55.399 Absolutely, you know, I'm a big fan of E Chain. 19 00:00:55.439 --> 00:00:58.640 I'm a VET token holder, and we've done maybe what 20 00:00:58.799 --> 00:01:01.320 five six virtual inters to do this in person. 21 00:01:01.399 --> 00:01:03.840 Yeah, back to a long time five six years ago, 22 00:01:03.920 --> 00:01:06.159 I saying, you know, a long time, long. 23 00:01:06.079 --> 00:01:09.400 Time when we were all virtual, I know, in twenty 24 00:01:09.480 --> 00:01:11.920 twenty and then we kept it virtual. And I know 25 00:01:11.959 --> 00:01:14.079 you travel a lot, so it's really great to have 26 00:01:14.159 --> 00:01:15.760 you that you're in New York this week. 27 00:01:15.840 --> 00:01:19.159 Yeah, I feel thrilled about this opportunity to meet you 28 00:01:19.280 --> 00:01:22.120 in person and also doing this kind of kind of 29 00:01:22.159 --> 00:01:25.000 like live show. Yeah, that kind of feeling. So yeah, 30 00:01:25.040 --> 00:01:25.519 it's great. 31 00:01:26.079 --> 00:01:28.200 Now we were both in DC last week for the 32 00:01:28.280 --> 00:01:31.159 DC Blockchain Summit. I missed you, right, Oh yeah. 33 00:01:30.920 --> 00:01:32.680 Yeah, that's too bad miss each other. 34 00:01:33.040 --> 00:01:36.560 But the vibes were different, Sonny. The US is open 35 00:01:36.599 --> 00:01:38.480 for business when it comes to crypto. How do you 36 00:01:38.519 --> 00:01:39.200 feel about all this? 37 00:01:39.760 --> 00:01:46.159 Yeah, well I feel a little bit confusing as many 38 00:01:46.200 --> 00:01:50.280 people in the crypto space, especially coming from I would 39 00:01:50.319 --> 00:01:54.640 say a little bit from institutions, coming from Wall Street, 40 00:01:54.760 --> 00:02:00.519 or even from Europe. One side is the regulations. It 41 00:02:00.560 --> 00:02:05.840 has made so much good progress, right, MIKA just launched, 42 00:02:06.000 --> 00:02:07.879 and by the way, VD and a VS or we 43 00:02:08.039 --> 00:02:10.360 just get confirmed by the MECA compliance a couple of 44 00:02:10.400 --> 00:02:13.319 weeks ago, and then we're getting super excited and actually 45 00:02:13.360 --> 00:02:16.879 opened up the door to many institutions. We're getting more 46 00:02:16.919 --> 00:02:20.080 interests like oh we wanted to now we're able to 47 00:02:20.159 --> 00:02:23.080 invest you or able to collaborate with you because of 48 00:02:23.120 --> 00:02:27.960 the compliance. Right. So that's a good sign. And also 49 00:02:28.080 --> 00:02:32.439 especially for the United States since Trump hit the White House, 50 00:02:33.199 --> 00:02:37.280 you know, it really changed the tones for everything. Right, 51 00:02:38.479 --> 00:02:40.680 Davis X now is a crypto and the AI is 52 00:02:40.800 --> 00:02:45.039 R and holding the White House Crypto summer meeting those 53 00:02:45.960 --> 00:02:50.039 you know crypto folks in from the industries. That's a 54 00:02:50.039 --> 00:02:52.479 good sign. That's basically like, you know, opened up the 55 00:02:52.520 --> 00:02:56.919 door for every possibility. Right, everyone is looking at the 56 00:02:57.000 --> 00:03:00.120 clarity in terms of regulations, so the whole industry you 57 00:03:00.159 --> 00:03:05.000 can moving forward. But also on the other side, I 58 00:03:05.080 --> 00:03:09.520 feel like, you know, we're still let's say the entire 59 00:03:09.599 --> 00:03:15.319 crypto space are missing the real utilities, real life applications. 60 00:03:15.879 --> 00:03:19.960 Well it's let's say we talk about the stable going 61 00:03:20.039 --> 00:03:23.080 regulation in US and even talk about the more even 62 00:03:23.159 --> 00:03:26.439 we talk about the National Reserve for bigcoin. It's a 63 00:03:26.479 --> 00:03:31.159 good sign. Right, But eventually, if crypto goes to let's say, 64 00:03:31.159 --> 00:03:34.360 going to the next level. Let's say, as we discussed 65 00:03:34.360 --> 00:03:37.400 a long time ago, we believe block chain or crypto 66 00:03:37.400 --> 00:03:39.800 are going to be like Internet two point zero, right, 67 00:03:40.000 --> 00:03:44.199 and then it's supposed to be the technology to bring 68 00:03:45.560 --> 00:03:49.759 the benefits or enable some of the cool applications normal 69 00:03:49.800 --> 00:03:53.919 people can use on the databasis, right, not just you know, 70 00:03:54.759 --> 00:03:59.159 crypto folks and doing the speculative trading only you know 71 00:03:59.599 --> 00:04:04.919 or so it's I would say people are more caving 72 00:04:05.039 --> 00:04:11.000 for the real life application even more, right. So that's 73 00:04:11.159 --> 00:04:14.639 that's what I feel like a little bit confusing. One 74 00:04:14.719 --> 00:04:19.399 side people getting super excited about the regulation progress. Another 75 00:04:19.480 --> 00:04:21.879 side is like, okay, other things, the big poin what 76 00:04:21.920 --> 00:04:24.800 should we look at or is there any real italy 77 00:04:25.040 --> 00:04:28.920 real applications. We get excited about that. So that's that's 78 00:04:29.000 --> 00:04:30.879 a general market sentiment. Yeah. 79 00:04:30.920 --> 00:04:33.639 No, it's a great point because you think about if 80 00:04:33.680 --> 00:04:35.560 we you and I both go out here to Wall 81 00:04:35.560 --> 00:04:38.519 Street and we talk to different people are using web 82 00:04:38.560 --> 00:04:42.040 three or blockchain in any way, No, what's that right? 83 00:04:42.319 --> 00:04:42.519 Yeah? 84 00:04:42.639 --> 00:04:44.600 Not there yet? Yeah, yeah, we need to get to 85 00:04:44.639 --> 00:04:45.000 that point. 86 00:04:45.079 --> 00:04:45.319 Yeah. 87 00:04:45.360 --> 00:04:48.000 I'm using it to send payments, I'm using it to 88 00:04:48.680 --> 00:04:52.000 earn rewards on my daily activities, like what reachain is there? 89 00:04:52.079 --> 00:04:55.959 Yeah yeah, yeah, Well, everybody get super excited about what 90 00:04:56.000 --> 00:04:58.920 we're showing to And also I got some of the 91 00:04:59.040 --> 00:05:02.279 real challenge. It's like, oh, whatever you do is great, 92 00:05:02.560 --> 00:05:05.759 but why we don't why we didn't know that? Like, 93 00:05:05.959 --> 00:05:07.720 how are we going to promote about that? 94 00:05:07.800 --> 00:05:07.959 Right? 95 00:05:08.040 --> 00:05:10.920 What's your marketing strategy about that? So well, we have 96 00:05:11.279 --> 00:05:14.480 loads of exciting stuff coming up in the next few weeks. 97 00:05:14.480 --> 00:05:17.879 But I took it. You know, that's some challenge we've 98 00:05:17.920 --> 00:05:21.199 got to do. Even though I'm very proud about what 99 00:05:21.240 --> 00:05:24.120 we have been doing and having focus on the utility 100 00:05:24.160 --> 00:05:29.240 creation real life applications. But still I guess, well, you know, 101 00:05:29.480 --> 00:05:31.680 like we have been working with UFC for a few 102 00:05:31.759 --> 00:05:35.240 years now, but let's we've got to continue to do that. 103 00:05:36.000 --> 00:05:39.680 Sure, I want to circle back. You mentioned the v 104 00:05:39.759 --> 00:05:44.319 chain token, the vet token, and Vitho got the MICA compliance. 105 00:05:44.879 --> 00:05:47.600 Told us about that. What is that compliance? Like are 106 00:05:47.639 --> 00:05:49.160 they giving you the approval? 107 00:05:49.480 --> 00:05:53.879 Well, this time I have to say Europeans are kind 108 00:05:53.879 --> 00:05:58.079 of way ahead. In the United States. Well, we all 109 00:05:58.120 --> 00:06:01.680 know the reason, right, the last year was terrible, or 110 00:06:02.199 --> 00:06:04.920 even the beginning of the year it was great with 111 00:06:05.360 --> 00:06:09.439 ETF approval for big cooins Bar. But you know then 112 00:06:10.000 --> 00:06:15.319 the previous administration, even the Gary Gansler, that doesn't really 113 00:06:16.040 --> 00:06:18.240 do the good job. I have to say that in 114 00:06:18.279 --> 00:06:23.560 the ply way. But the European actually we ahead the 115 00:06:23.959 --> 00:06:27.720 reason actually the reason we moved to Europe since twenty 116 00:06:27.920 --> 00:06:31.959 twenty twenty one, we kind of knew like there was 117 00:06:32.000 --> 00:06:35.839 something cooking, right, so that's why we moved there. We 118 00:06:35.959 --> 00:06:39.639 have been working very closely with local regulators and find 119 00:06:39.680 --> 00:06:43.759 the right ones. Actually we have been working with Central 120 00:06:43.800 --> 00:06:47.360 Bank of Ireland since we have quite a big technical 121 00:06:47.360 --> 00:06:51.839 office in Dublin and getting easier closer you know, with 122 00:06:51.920 --> 00:06:53.800 the local regulators and walk on that. But still it 123 00:06:53.800 --> 00:06:59.560 took us a one year. And generally speaking European MICA 124 00:06:59.680 --> 00:07:03.920 has or we call MICA whatever. There is a three 125 00:07:03.959 --> 00:07:09.319 different categories in terms of regulations. The first category it's 126 00:07:09.319 --> 00:07:14.120 called custodian exchanges, so basically you know it's a similar 127 00:07:14.720 --> 00:07:19.560 offerings or regulation framework, right, Basically you're managing assets for 128 00:07:19.839 --> 00:07:25.199 your clients, right, So custodia exchange sits on the first category. 129 00:07:25.240 --> 00:07:29.079 And second category we call digital assets of its provider. 130 00:07:29.839 --> 00:07:33.560 So basically like a payment services, if you are offering 131 00:07:34.399 --> 00:07:38.040 like a crypto credit card or debit card, then you 132 00:07:38.040 --> 00:07:42.120 are falling to this class, right. And the third is 133 00:07:42.319 --> 00:07:47.040 as a token issuer like us. So majorly you've got 134 00:07:47.040 --> 00:07:51.519 to update your white paper based on following the formats, 135 00:07:51.839 --> 00:07:58.079 regulatory formats coming from the entire Europe. So well, we 136 00:07:58.160 --> 00:08:03.720 have been very very proud, and it was glad that 137 00:08:03.920 --> 00:08:06.639 and vis war not only that, that and vis war 138 00:08:07.199 --> 00:08:11.079 got confirmed following our the latest update the white paper, 139 00:08:11.600 --> 00:08:17.240 following some regulation requirements, and now it's kind of for us, 140 00:08:17.319 --> 00:08:20.639 it's opened up the door. And by the way, MECA 141 00:08:20.920 --> 00:08:27.120 is we called European Passport Policy, which means, uh, you know, 142 00:08:27.279 --> 00:08:30.319 it's like when you get let's say, wow, Americans doesn't 143 00:08:30.319 --> 00:08:32.679 need a visa to go to Europe. But let's say 144 00:08:32.679 --> 00:08:35.200 if you need a visa goes to Europe, when you 145 00:08:35.279 --> 00:08:40.240 apply the Shanghuan passport visa, then you can travel to 146 00:08:40.840 --> 00:08:44.440 like all of the regions, most of the countries in Europe. 147 00:08:44.480 --> 00:08:47.559 Then you don't need like a specific visa to France 148 00:08:47.639 --> 00:08:51.039 or specific visa to Italy or Space. No, you just 149 00:08:51.080 --> 00:08:54.360 need a one shan Gun visa. Then you can travel 150 00:08:54.399 --> 00:08:59.080 around the whole Europe. Right. So the MECA is kind 151 00:08:59.120 --> 00:09:04.519 of similar, which means you get license or compliance in 152 00:09:04.639 --> 00:09:08.120 one country and then you will be able to serve. 153 00:09:09.279 --> 00:09:12.200 Right now, the first cope in twenty seven countries serve 154 00:09:12.279 --> 00:09:16.279 the clients or facing or doing the business engagements or 155 00:09:16.399 --> 00:09:20.320 expansions in twenty seven countries of Europe. And also even 156 00:09:20.360 --> 00:09:24.039 that that scope is just a first scope and they 157 00:09:24.039 --> 00:09:28.120 are still expanding and more countries in Europe region applying 158 00:09:28.360 --> 00:09:34.799 to be included in the MECA scope. So that's really good. 159 00:09:35.240 --> 00:09:37.399 That means you don't need to go with all of 160 00:09:37.399 --> 00:09:40.320 the hustles. For example, like America, you know you gotta 161 00:09:40.360 --> 00:09:43.519 go stay by, stay right, and in Europe you don't 162 00:09:43.519 --> 00:09:48.919 need that. You got to unified standard issues. Sure, every 163 00:09:49.279 --> 00:09:52.960 local jurisdiction you might have a different type of requirement. 164 00:09:53.440 --> 00:09:56.919 For example, if you try to apply that in Italy, 165 00:09:57.399 --> 00:10:00.799 you gotta use a Gaily language, right, so let's simply 166 00:10:00.919 --> 00:10:05.919 put that way. Yeah, but it's other than that. Majorly, 167 00:10:06.080 --> 00:10:09.360 the requirement is quite a consistent across all of the 168 00:10:09.360 --> 00:10:13.399 twenty seven countries and even still expanding, and then you're 169 00:10:13.440 --> 00:10:16.440 able to expand your business for the entire Europe. 170 00:10:17.120 --> 00:10:19.519 That's great and to your point, I'm a great insight 171 00:10:19.559 --> 00:10:21.639 by the way, and that and in the United States, 172 00:10:21.720 --> 00:10:24.200 each state on the state level has its own regulator. 173 00:10:24.559 --> 00:10:27.080 Like for example, staking was available in some states is 174 00:10:27.120 --> 00:10:28.240 not available in certain states. 175 00:10:28.279 --> 00:10:31.639 It's a yeah, yeah, that's a hustle. That's a hussle. Well, like, 176 00:10:31.639 --> 00:10:34.080 like I agree with you know Moscow on this point. 177 00:10:34.240 --> 00:10:38.919 You know, over regulation kind of slow down the innovation, right, Yeah, 178 00:10:39.120 --> 00:10:40.399 I agree absolutely. 179 00:10:41.039 --> 00:10:43.879 Now there you know you mentioned UFC partnership earlier and 180 00:10:44.080 --> 00:10:46.519 I saw Dana White were in the region. 181 00:10:46.600 --> 00:10:47.960 Yeah, I love it. 182 00:10:48.039 --> 00:10:50.360 I gotta get one. It does I saw Dana White 183 00:10:50.399 --> 00:10:52.799 do the video. What do you guys have upcoming? 184 00:10:53.279 --> 00:10:58.159 Oh, lots of things. Well, actually, you know, bye, I 185 00:10:58.240 --> 00:11:00.960 met to Dana a few years ago at the first time, 186 00:11:01.120 --> 00:11:05.559 but now following the journey together, we're kind of know 187 00:11:05.759 --> 00:11:09.559 each other very more than before for sure, and we 188 00:11:09.639 --> 00:11:12.039 kind of grew up to be, let's say, to be 189 00:11:12.080 --> 00:11:16.240 a really good friend. So we call even call each 190 00:11:16.240 --> 00:11:19.440 other like a brother, this brother, sunny brother, Danna something 191 00:11:19.519 --> 00:11:24.320 like that. But what I what I really proud is 192 00:11:24.799 --> 00:11:28.679 Danna really likes what we're doing. Let's put this way. 193 00:11:29.000 --> 00:11:31.919 And you know, Danna told me like Danna is a 194 00:11:32.000 --> 00:11:35.039 very authentic guy. I think, I think even from the Internet, 195 00:11:35.120 --> 00:11:39.840 from the public channel, social channels, you know, Dana is 196 00:11:40.120 --> 00:11:44.519 very authentic guy. Right. He never lies about everything. I mean, 197 00:11:44.559 --> 00:11:47.840 he just he's just being he I know. Then I 198 00:11:47.919 --> 00:11:50.200 tell you I know this, I know how I do. 199 00:11:50.399 --> 00:11:53.000 Then I tell you if I don't know, I tell 200 00:11:53.000 --> 00:11:55.279 you I don't know, right, That's the type of thing. 201 00:11:55.639 --> 00:11:58.679 So Danna Jenna, you know, told me like, hey, Sonny, 202 00:11:58.720 --> 00:12:03.200 I don't know anything about the crypto ship, right, but 203 00:12:03.200 --> 00:12:05.679 but I know what you're doing, and I really I 204 00:12:06.279 --> 00:12:08.919 show him about a v better all the ecosystem, the 205 00:12:08.919 --> 00:12:13.000 different type of applications like Markshaw, Clinify and ivy earned, 206 00:12:13.080 --> 00:12:15.039 you know, for how do you connect with the tesla. 207 00:12:15.519 --> 00:12:18.879 He's like, oh, I can understand that, right. And then 208 00:12:18.960 --> 00:12:21.639 he like, you know, I really like what you're doing 209 00:12:21.879 --> 00:12:24.639 and I want to support you. I want to I 210 00:12:24.720 --> 00:12:29.799 really want you to to succeed. So and that's that's, 211 00:12:29.879 --> 00:12:33.279 let's say in different levels, not only like oh it's 212 00:12:33.320 --> 00:12:36.840 just a sponsorship or just an exposure. Now in a 213 00:12:36.879 --> 00:12:40.840 different level, I would say, uh, firstly, it's about how 214 00:12:40.879 --> 00:12:44.919 to leverage with US events. It's a huge fan base, 215 00:12:45.480 --> 00:12:50.679 right like one Bida user across the whole world. Second, 216 00:12:51.960 --> 00:12:56.080 you know, it's about the possible business collaborations. Uh, we're 217 00:12:56.080 --> 00:13:00.279 we're going to work with one of the angos were 218 00:13:00.600 --> 00:13:04.879 focused on the collexing plastic waste. It's called fotion dot 219 00:13:04.919 --> 00:13:09.879 com and that actually sends to then us connection and 220 00:13:10.159 --> 00:13:14.720 established that kind of the talking and formalize a collaboration 221 00:13:14.840 --> 00:13:18.399 for us. Well, we can only say we can use 222 00:13:18.399 --> 00:13:21.159 a ddicate session to talk about the faution dot com case, 223 00:13:21.480 --> 00:13:27.600 but simply say we wanted to use use the crypto 224 00:13:27.960 --> 00:13:32.840 blockchain technology to help the you know angel like like 225 00:13:32.960 --> 00:13:37.120 Foultion dot com. They are being devoted to collect, recycle 226 00:13:37.320 --> 00:13:40.840 the plastic waste from the ocean, saving the marine animals, 227 00:13:40.960 --> 00:13:44.320 clean clean up the water, those type of things. So 228 00:13:45.039 --> 00:13:48.519 we wanted to help them and to in let's say, 229 00:13:48.639 --> 00:13:52.480 to leverage with the crypto and blockchain to help they 230 00:13:52.559 --> 00:13:56.639 grow and help they to expand to more people, to 231 00:13:56.799 --> 00:14:00.639 get the support and even expand to more territory, not 232 00:14:00.720 --> 00:14:04.840 only in the coastline of Miami that's where they're based 233 00:14:05.120 --> 00:14:11.240 right and outreaching more users from the community, our reaching 234 00:14:11.600 --> 00:14:16.039 even more business collaboration with the Volsion dot com. So 235 00:14:16.120 --> 00:14:19.720 that's the second category, like Dana can really supporting us, 236 00:14:20.200 --> 00:14:23.000 and for sure there were there will be more. I 237 00:14:23.039 --> 00:14:29.200 mean just considering his connections, right, it's great knowing lots 238 00:14:29.200 --> 00:14:31.840 of the people. Even the power slab you can see 239 00:14:32.600 --> 00:14:36.960 you can see he brings a different type of celebrities, 240 00:14:37.159 --> 00:14:39.720 you know, to the Power Slab, and then you know, 241 00:14:39.759 --> 00:14:45.519 it's about the influences. It's about exposures, right and and 242 00:14:45.639 --> 00:14:48.559 we even find a very nice angle about the power Slab, 243 00:14:49.639 --> 00:14:54.080 like what we better Dow is doing is to incentively 244 00:14:54.200 --> 00:14:57.799 people to do the good thing, right And what about 245 00:14:57.919 --> 00:15:00.559 if you don't do a good thing, then you get 246 00:15:00.559 --> 00:15:05.120 s left. I mean not not not like literally guess, 247 00:15:05.440 --> 00:15:09.399 but it's like, okay, you got to give you a sign, right, 248 00:15:10.000 --> 00:15:13.240 you don't do good, you should do good. It's about 249 00:15:13.240 --> 00:15:17.720 the incentivized people motivate people in a different way, right, right. 250 00:15:17.879 --> 00:15:20.000 No, I love that. I love that he believes in 251 00:15:20.039 --> 00:15:22.639 the mission and the and the and the vision as well, 252 00:15:22.679 --> 00:15:24.279 because I saw in the video he put out he 253 00:15:24.360 --> 00:15:29.120 talked about some of the initiatives of sustainability. Uh, cleaner environment, yeah, 254 00:15:29.279 --> 00:15:31.240 people living more healthy yeah yeah. 255 00:15:31.279 --> 00:15:38.440 Yeah. Well, actually people got misedunderstanding about Dana wise perspective 256 00:15:38.679 --> 00:15:42.159 or even his folks, let's say, like Joe Rogan, you know, 257 00:15:42.279 --> 00:15:45.320 mask or or even Trump, right, they were they were 258 00:15:45.399 --> 00:15:49.240 saying like, oh, they're they're not sustainable guy, They're kind 259 00:15:49.240 --> 00:15:53.679 of against sustainability, which is actually not true based on 260 00:15:53.759 --> 00:15:59.600 what I understand, including Trump. Right, Actually, they're not against sustainability, 261 00:15:59.679 --> 00:16:04.320 so they feel the urgency of, you know, the challenges 262 00:16:04.399 --> 00:16:07.279 we're facing as a human kind. Well think about that, 263 00:16:07.320 --> 00:16:13.360 even Yellow Musk, the the tesla is to extend to 264 00:16:13.679 --> 00:16:17.840 let's say, to doing using the recycled energy, extend the 265 00:16:18.759 --> 00:16:22.679 longevity of the human kind on the Earth and space. 266 00:16:22.759 --> 00:16:26.919 Actually is even go to the multiplanetary. So he's definitely 267 00:16:27.480 --> 00:16:31.720 into this kind of concept. Right. But what they really 268 00:16:31.840 --> 00:16:37.039 against is the way of doing sustainability. Well, we know 269 00:16:37.480 --> 00:16:40.320 some of the case some of the corporations in the 270 00:16:40.360 --> 00:16:45.720 past use the ESG as kind of make it weaponize 271 00:16:45.799 --> 00:16:50.679 a green wash, right, that that's exactly opposite what we're 272 00:16:50.720 --> 00:16:53.799 trying to do because we're that that's why Dana likes that. 273 00:16:54.240 --> 00:16:57.559 You know, it's we're trying to do. Is okay, cut 274 00:16:57.600 --> 00:17:01.720 the crap, you know, don't talk, do it. The action 275 00:17:01.919 --> 00:17:06.720 is better than words. Right. So eventually it's back to 276 00:17:06.759 --> 00:17:11.839 the fundamental like you know, everybody do something and then 277 00:17:12.039 --> 00:17:16.720 you should get rewarded. Right, And I would say leveraging 278 00:17:16.759 --> 00:17:19.720 with a web sree, leveraging with the cryptoi hilities and 279 00:17:19.799 --> 00:17:25.119 it will becomes a real impact to make differences, make changes. 280 00:17:25.799 --> 00:17:28.079 Now, last time we spoke, we talked you give the 281 00:17:28.119 --> 00:17:32.079 example of like earning like the be Better token, doing 282 00:17:32.279 --> 00:17:35.200 certain things like charging your tesla. Oh yeah, and things 283 00:17:35.200 --> 00:17:41.319 like that. Any updates around those, any new type of scenarios, Well. 284 00:17:41.319 --> 00:17:44.799 We're I will never stop working on that, right and 285 00:17:44.920 --> 00:17:48.319 our mentality is like quick to launch, but we got 286 00:17:48.319 --> 00:17:51.839 to iterrate all the way up. But roughly we would 287 00:17:51.880 --> 00:17:55.720 say we're kind of driving for two aspects. One, well, 288 00:17:55.759 --> 00:17:58.200 everything is about the gross you know, it's about the 289 00:17:58.559 --> 00:18:02.640 gross means adoptions for getting more users to use that, 290 00:18:03.119 --> 00:18:06.599 getting more utilities of the token, getting more applications, those 291 00:18:06.680 --> 00:18:10.720 kind of way. So in terms of the token utility, Uh, 292 00:18:11.039 --> 00:18:14.519 but we just get the biby listed. It's a number 293 00:18:14.519 --> 00:18:18.279 two in terms of spot treating volume. So we're able 294 00:18:18.359 --> 00:18:22.640 to leveraging with the byby platform to outreach to more users. 295 00:18:22.960 --> 00:18:26.400 All right, and it's not gonna be the only one, 296 00:18:26.440 --> 00:18:28.720 for sure, it's the first one just open up. But 297 00:18:29.839 --> 00:18:33.759 we're gonna have a more exchange listed, you know that 298 00:18:33.960 --> 00:18:36.319 that's kind of in the roadmap. But sure we're gonna 299 00:18:36.319 --> 00:18:41.000 need to support from VVAM right to to to work 300 00:18:41.079 --> 00:18:44.400 with us together. And that's that's in terms of the 301 00:18:44.519 --> 00:18:46.920 utility of the token. And also there will be a 302 00:18:47.960 --> 00:18:51.079 we call it a Better card coming up very soon. 303 00:18:52.160 --> 00:18:55.160 Better card like a credit card. You can top up 304 00:18:55.240 --> 00:19:00.480 with better that visor and it will be not only 305 00:19:00.559 --> 00:19:03.599 to let's say for the Asia users or European users, 306 00:19:03.759 --> 00:19:07.160 even American users can be supported. Yeah, so you can 307 00:19:07.559 --> 00:19:12.720 go through the better Card page, going through the kyicmail process, 308 00:19:13.079 --> 00:19:17.000 and then you can top up your bat Visa or 309 00:19:17.160 --> 00:19:21.119 better token event to pay for everything you want. So 310 00:19:21.440 --> 00:19:25.000 that's a very simple direct payment solution to increase the 311 00:19:25.079 --> 00:19:28.160 utility of the better token, and also even better is 312 00:19:28.200 --> 00:19:32.960 to close the loop of the use cases. Right, So 313 00:19:33.160 --> 00:19:37.920 imagine imagine that the future user, they're going to a 314 00:19:38.000 --> 00:19:42.359 coffee shop to use a recycled mug other than the 315 00:19:42.359 --> 00:19:46.000 paper cup, they get to rewardse and next thing you 316 00:19:46.039 --> 00:19:50.920 can pay use that kind of rewards, pay for convenience 317 00:19:50.960 --> 00:19:56.880 stores like grocery shopping, and because you're you know, using, 318 00:19:57.200 --> 00:20:00.039 you are buying the fruits and vegetables and using the 319 00:20:00.160 --> 00:20:04.000 cycle bags and you are getting more rewards. And next thing, 320 00:20:04.319 --> 00:20:07.240 you go to the Tesla supercharger charger your EV and 321 00:20:07.279 --> 00:20:09.960 you're getting more rewards. So it's like you pray you 322 00:20:10.039 --> 00:20:12.839 get rewards, you pray, you get rewards, and basically it's 323 00:20:13.000 --> 00:20:16.480 it's a full cycle, it's a full ecosystem. Right then 324 00:20:16.720 --> 00:20:19.480 user were like, Okay, I want to stay here, so 325 00:20:19.839 --> 00:20:22.680 I think it's it's I a would say in terms 326 00:20:22.720 --> 00:20:24.680 of the mass adoption, lots of people talk about a 327 00:20:24.680 --> 00:20:27.480 mass adoption about a crypto, I would say there were 328 00:20:27.519 --> 00:20:31.759 actually two axpacts. One is to onboard the user, right 329 00:20:31.799 --> 00:20:36.119 to providing the social logging or the custodent service to 330 00:20:36.240 --> 00:20:40.200 allow those web to users even able to on board 331 00:20:40.319 --> 00:20:43.359 to web three or web sree applications. That's one side 332 00:20:43.400 --> 00:20:46.880 of story, but also more important, I would say, is 333 00:20:47.480 --> 00:20:50.519 maintain the user or like let the user to stay 334 00:20:51.359 --> 00:20:55.039 keep using that right. Eventually back to the fundamentals, which 335 00:20:55.079 --> 00:20:59.880 is the product is attractive enough and people want to 336 00:21:00.119 --> 00:21:03.960 use the product, Like the Internet. Let's say we use Twitter, 337 00:21:04.119 --> 00:21:08.559 we use Amazon, we use Facebook every day. Yeah, because 338 00:21:08.720 --> 00:21:11.240 because there was some functionality I want to use every day. 339 00:21:11.759 --> 00:21:16.519 The product itself makes like you know, uh, the talk right, 340 00:21:17.599 --> 00:21:21.240 So how do you keep the users stay is actually 341 00:21:21.319 --> 00:21:23.759 more even more important. How to just on boild the 342 00:21:23.839 --> 00:21:26.960 users otherwise let's say, yeah, you do the best marketing, 343 00:21:27.000 --> 00:21:30.680 but people coming they leave, right, so it's we we 344 00:21:30.759 --> 00:21:35.119 called we even callte that that's a farmer, right, crypto farmers. 345 00:21:35.359 --> 00:21:37.440 So more important is how do you keep the users 346 00:21:37.440 --> 00:21:41.200 stay so with this kind of utility and not not 347 00:21:41.480 --> 00:21:44.960 we we're not gonna stop here. We're gonna continue to expand. 348 00:21:45.599 --> 00:21:50.519 Even there was some uh let's say, very interesting projects 349 00:21:50.559 --> 00:21:55.559 gonna coming up, like with smart devices. They want to 350 00:21:55.759 --> 00:21:58.559 they even they want to launch it with a better token, 351 00:21:58.640 --> 00:22:00.319 Like you can use a better token to pay for 352 00:22:00.440 --> 00:22:04.440 those devices while using the device. You can mind token 353 00:22:04.839 --> 00:22:07.920 by doing like connecting to your daily actions. 354 00:22:07.559 --> 00:22:09.319 Any any detail, more details you can give. 355 00:22:10.359 --> 00:22:13.000 No for now, they're still walking on working on that, 356 00:22:13.039 --> 00:22:16.119 but yeah, there's some idea. Yeah, but the idea is, 357 00:22:16.400 --> 00:22:19.000 you know, keep the users stay in the ecosystem, so 358 00:22:19.079 --> 00:22:22.920 you you earn, you you pay for use that to 359 00:22:23.000 --> 00:22:26.559 pay for whatever your daily actions, right, so that that 360 00:22:26.680 --> 00:22:29.720 kind of give a real rewards to the user. So 361 00:22:29.759 --> 00:22:33.720 that's one let's say focus, we have been well walking 362 00:22:33.720 --> 00:22:36.559 on the other part in terms of gross basically it's 363 00:22:36.559 --> 00:22:39.640 about a user grows, right simply as as a result 364 00:22:39.799 --> 00:22:44.599 or as our KBI. So far be better at all 365 00:22:44.680 --> 00:22:48.480 just pass a mini users bar. I really get excited 366 00:22:48.480 --> 00:22:52.480 about that, even though I never satisfy about this kind 367 00:22:52.480 --> 00:22:55.920 of result. Right, we're still aiming to reach to twenty 368 00:22:55.960 --> 00:23:00.799 million user, So one million is really a good bar 369 00:23:00.960 --> 00:23:04.240 milestone for us, and we're gonna continue to build on that. 370 00:23:04.759 --> 00:23:09.279 So the user grows is let's say, as one of 371 00:23:09.319 --> 00:23:12.319 our targets, like I said, it's KPI. So we're going 372 00:23:12.400 --> 00:23:17.279 to continue to you know, drive the user adoptions, uh, 373 00:23:17.480 --> 00:23:22.920 providing the better let's say tools infrastructures to enable user 374 00:23:23.640 --> 00:23:28.720 especially for web to user onboarding adoption. And the second part, 375 00:23:28.759 --> 00:23:34.480 like we just discussed, Dana is a freaking good marketer, right, 376 00:23:34.839 --> 00:23:37.279 and then we're gonna try to leverage risk M to 377 00:23:37.440 --> 00:23:39.400 help us, and he's willing to do that and to 378 00:23:39.519 --> 00:23:43.920 help us to outrage two more users UFC fans, power 379 00:23:43.960 --> 00:23:46.880 SLAT fans, and even more than that type of assets 380 00:23:46.880 --> 00:23:49.720 we're trying to Dana is trying to bring more assets 381 00:23:49.759 --> 00:23:50.960 to us. Wow. 382 00:23:51.119 --> 00:23:54.079 Yeah, that's exciting. And I love both the UFC and 383 00:23:54.119 --> 00:23:56.720 of course v chain, and uh there's just a big 384 00:23:56.799 --> 00:24:00.440 market there and I think this initiative as PEA learn 385 00:24:00.480 --> 00:24:02.759 more about it, they will be attracted to it like 386 00:24:02.839 --> 00:24:04.880 I'm attracting to it. And then I'm not saying that 387 00:24:04.920 --> 00:24:07.359 as a bias because I'm in crypto, but it's like, hey, 388 00:24:07.400 --> 00:24:09.400 if I go to gym, I charge my tesla, I 389 00:24:09.440 --> 00:24:12.839 do these different things. Yes, exactly, Yeah, I would love 390 00:24:12.880 --> 00:24:14.039 to just passively earn. 391 00:24:14.279 --> 00:24:18.079 Oh. Yeah, there is actually application linked to the gym 392 00:24:18.200 --> 00:24:22.960 activity is buting up as well. And well, I cannot 393 00:24:23.119 --> 00:24:27.279 disgross too much, but let's say even UFC are very 394 00:24:27.279 --> 00:24:28.680 interesting about this application. 395 00:24:29.960 --> 00:24:33.960 Okay, I can't wait for that. Yeah, now you mentioned 396 00:24:34.400 --> 00:24:36.599 you got the by bit listings. I'm assuming there's other 397 00:24:36.640 --> 00:24:38.440 exchanges listings coming for. 398 00:24:39.359 --> 00:24:43.119 Bye bye Wow. It's following the process. Well, leaching has been, 399 00:24:43.880 --> 00:24:46.319 you know, doing that type of thing for the last 400 00:24:46.480 --> 00:24:50.839 seven eight years, so it's just by the process. Yeah, 401 00:24:51.000 --> 00:24:51.359