SafeMoon Sunday Transcript - October 31st
John: We’ll go ahead and kick it off. Alright, I’m John the CEO of SafeMoon. We’ll be having Ryan and we should be having Thomas joining us here shortly as well. We’ll be talking about the new wallet update and the wallet, briefly go over what DarkMoon is, talk about some wind turbines because everyone’s wondering about that, and then discuss exchange progress and take it from there.
First off, I want to congratulate all the new members of the SafeMoon Army. Congratulations, we grew by over 100,000 new holders. Now why is that important ? Well, the SafeMoon Army has an obligation to educate everyone about cryptocurrency and blockchain in general. Blockchain should be as common knowledge as movie references or brands of potato chips.
Alright, hey Ryan.
Ryan: I am here guys ! Twitter needs to make it a little easier. I send the request like 20 times and I think you guys don’t get it on your end or there’s some kind of lag but, man, so excited to be here John. Let’s kick this off.
J: Awesome. So Ryan, go ahead and introduce yourself. We have 100k new people so go ahead and introduce yourself and what you do at Safemoon.
R: Absolutely, so I'm Ryan Arriaga. I am the Global Head of Products here at SafeMoon. So all of the new exciting products that we are launching, chances are I am either in charge of that or I touch it at some level. So - John brought me on not too long ago. I'd say - what is that, three months already?
J: Three months.
R: We’re having fun, huh?
J: Yeah. Wallet out and, well, do you want to say it? You know, I'll just say right now - over 500,000 users on the SafeMoon Wallet in under 50 days since release.
R: Amazing.
J: Other companies - it usually takes them at least a year if not more. We did that in 50 days and this is just the beginning. So, you know, to all the fudders out there, I laugh in Android and iOS wallet. 500,000 downloads. Millions of volume through the SWaP. Like I can go on and on about the achievement but -
R: Yeah and I think that a lot of people don't understand the Web 3 dynamic because I think that when people think “Oh, it's just an app.” No, no. When you mix Web 3, which is more of an emerging tech, into what we're doing and we did that in the amount of time that we did that, it speaks volume to what we're doing here at SafeMoon. So really excited. I mean, we're going to keep pushing forward obviously. And as a matter of fact, John, you know what we should do?
J: What should we do?
R: Something a little different today.
J: What are you thinking?
R: I'm thinking we should just go ahead and launch the Android update right now. As a matter of fact, I'm going to go ahead and send a push notification to the over 200,000 users that we have for Android, and I just click the button and we just went live. So now everybody who is listening to this SafeMoon Sunday, you're going to be the first to know before this push notification goes out, that you now will have the option to download the newest Android app and have the long awaited reflections tracker that everybody has been waiting for, with charts and new SWaP pairs, and that's going to be going live on Android in the next about a few minutes.
J: Fantastic, I'm excited.
R: I just sent the push notification to over 200,000 users and they're all going to get that right now and it's probably gonna start hitting their phones. So iOS (inaudible). So once that's out there, going to be pushing that.
J: Awesome man. Just so everyone knows, the new SWaP pairs, these are just the first of many on SWaP – is SHIB-ETH, AAVE-ETH and LINK-ETH. So these will be ETH pairings And then BSC will quickly follow. So for those who don't know, BSC is Binance Smart Chain, Etherium is Etherium Chain. These are two different blockchains with different consensus algorithms, et cetera. So I - for those who are new to cryptocurrency, I recommend you look up the difference between the two. Also, speaking of education, look up “on chain” and “off chain transactions as well. That should be a good little read. There's a lot of YouTube videos out there, and if you need , hop into the discord and there's thousands of people who are more than happy to help educate you.
And then Ryan, correct me if I'm wrong. We've got BTC and Doge coming up as well.
R: Yep, we're going to be working on that on the next update, so people will start being able to hold Doge and BTC in their app as well as some other features that we're going to be working on. Do you want to talk about those as well?
J: Yeah, yeah so. We’re adding the 24-word imports and then multiple wallets on the next update.
R: Exactly. So we heard a lot of stuff from the community. Everybody's been chiming in and they love the ability to import their 12-word seed phrase. But people are like, “Well, what about my 24-word seed phrase?” We're thinking, you know what? Let's go ahead and add a feature where people can have an option to also import their 24-word seed phrase. So we're not just doing 12, we’re also going to do 24-word. And John, we’re also going to be doing multiple wallets because everybody said that they wanted multiple wallets on the Twitter poll. We gotta listen to the community, so we're doing that as well. After this update goes out, the very next thing we're going to be doing is multiple wallets, import your 12 or 24-word seed phrase, and Bitcoin and Doge holdings. And some other features, but we'll announce those as they come.
J: We will talk about those later. Alright. Kind of diving in, a lot of people have been asking about the exchange and you know my response is always that it's not - from the technical aspect it is not hard. Like, doing off chain transactions is just basically a piece of paper, you know, with extra steps. Matching buys and sells in an order book.
But the hard part is the regulatory side, and I'm proud to announce that we now have a very clear and very set forth path for those regulatory items that we have to check off. And while that's being done, Ryan and his team and the exchange team will be building up the tech side, so great progress has been made. But that deserves its own moment. We'll talk about that in a future SafeMoon Sunday.
One of the questions I actually got regarding the exchange was is it going to be a separate application or is it going to be tight into the wallet? Well, Ryan, you know I've been discussing this. Ideally we’s just tie it into the wallet as a separate tab. But you know, we have to work through the regulatory because it even comes down to how you separate the code and everything else in regards to the regulation. And realise, we're not just doing this for the United States were also doing this for all of our international jurisdictions as well. We’re working hard. We’ll let you know when we have more information.
But Ryan, correct me if I’m wrong. The actual exchange part is easy.
R: The actual exchange part that we're working on, aside from the regulatory stuff because that's always like waiting on a third party time ten, right? So the the actual exchange part, the technical side, we’re very excited with the progress that we've had and obviously we're not going to any timelines yet but I think we're getting closer to the point, John, where maybe the next AMA or an AMA after that possibly we can possibly, we can actually start maybe talking about soft timelines for that because we're actually making great progress.
J: Oh yeah, I'm excited. Fantastic progress has been made, you know, just talked to the team yesterday about it and it's great. I'm excited.
You know, kind of little side note. Funny joke, I was watching Blade last night. Happy Halloween or belated Halloween to everyone and there was an individual in there. They're like, “Oh you're human”. He's like “No, I'm not. I'm a lawyer”. So little lawyer joke right there. Anyway. \laughs**
We’re dealing with lawyers right now, so that's what we have to work though.
So yeah, the exchange is well underway. We're excited about the progress there. Ryan’s working on his stuff and when we have more information, we’ll push that out.
So a lot of people have been asking me about Dark Moon. So what is Dark Moon? Well, Dark Moon’s basically where - all the crazy stuff that we work on, we work on it there because, you know, there's IP involved and other stuff. And then as soon as it's ready, for public release and public consumption, then it comes to what I call the Light Side of the Moon. But we've got a lot of great stuff. Now people are asking “What do you work on in Dark Moon?” The hints are all there. You know, how many times do I talk about macro IoT.
Yeah, so we can go into the like - how blockchain can tie into energy grid telecommunications and the efficiency that can be created there. And there's no industry that couldn't benefit from blockchain integration. Anywhere from tracking produce, from the point of dirt where it came out of all the way to the supermarket in five different foreign countries.
Imagine an NFT assigned to each one of those batches and it gets tracked every single time. As soon as it hits the truck, as soon as it hits X, as soon as it touches the supermarket, you scan the QR code like, “Oh! This is where it was grown. This is, from the time of picking to the grocery store, you can see the exact date. I could go on and on about -
R: Yeah, every transaction verifiable via blockchain and allowing the ledger to provide transparency of that check-in, of that event, and of “That shipment arrived at this area and this person boom scanned in at this time at this date”.
Boom. Everything verifiable through blockchain. And when people are listening to this, like wrap your head around all of the things that - transferring from the traditional system to the blockchain system and having a verifiable and transparent system, that's where the thought process needs to go.
J: Yeah, that's going to be a lot of education at that we need to push out when that's ready for release and everything.
So we got Thomas up here. Welcome Thomas!
R: Is that Papa? Welcome, Thomas. Yeah, it's the wizard.
Thomas: Some technical difficulties. My bad. As it turns out, there's a special link for inviting and joining the space normally does not help.
J: Yeah, well, when you're sifting through thousands, you know it's easier just to invite, but.
Yeah, Thomas, I'm sure you'd back me up about how there is no industry that can't benefit from blockchain technology. You know what I mean?
T: As of now, no. It's almost too late to not be considering the watching strategy heard for any business so -
Yeah, I see it all over real estate right now. Massive pushes over there. Traditional financial tools are getting an overhaul. You’ll see large waves of these old money investors getting involved now. It’s very exciting.
J: Ohh yeah. Blockchain, I believe personally and I’m sure, Thomas, you do as well, and Ryan, that blockchain is the future or at least a system like blockchain. You know, whatever the next innovation is. So, that kind of ties us into a little bit of the next thing.
Thomas, SafeMoon blockchain, you know? We talked about DLS or Distributed Ledger Systems and how those can work in conjunction with blockchain. You want to go into that a little bit?
T: These ledger systems, the nodes, each individual full wallet holder is in the network or typically in a blockchain network where every single node is comprised of everybody’s balances together, you share them together. And you validate blocks together. That's how the network is formed. So this is where you see decentralized governance come into play. Some other very interesting features of this encryption so.
Yes, that's pretty much what that is. All of the nodes together comprise a very large collection of balances.
J: Yeah, it's a network of networks all speaking with each other, so you know, there's some great stuff that Thomas is working on right now in the background. You know, a lot of architecting, a lot of testing, a lot of processing. I'm sure you've seen his uh - what do you call it, Big Bertha or whatever?
T: Oh, the server. Honestly, I don't have a nickname for it yet. Bertha sounds pretty cool. I was thinking of The Gibson. I might invite attack though \laughs**
But the server, our first cluster is open and it's three blades. These are the best commercially available blades. We can do high volume data processing with it. I'm going to be providing a lot of very interesting tools along the way post-blockchain.
So a lot of that stuff you'll see pop out of Dark Moon. I don't want to expose too much yet.
J: Yeah, we don't talk about that yet. Ryan, we’ve got a lot of partnerships to include - all i will say this, there is an exchange that we’re finalizing agreements with for listing and then we have a second one quickly in the wing, in the background.
And then Ryan, you know, we've been working with UniCrypt quite a bit and I just have to say they're fantastic to work with, you know. A lot of folks right now are trying to use other services for launching their own projects etcetera, but UniCrypt, honestly, in my personal opinion, is the way to go.
They're open innovation and, this isn’t really an advertisement, I just want to give a shoutout to a great partner that we've been working with this entire time, from the initial locking to migrations to whatever else that we need… They are a great partner so -
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