AmuNation AMA – 28th March 2023 Recap


We sat down with the AmuNation for our bi-weekly AMA session. In this edition, we discussed:

  • Ambassador Program Update
  • Multi-chain future
  • Solana update
  • Influencer marketing
  • The story of Amulet
  • Future partnerships and listings

As well as much more!

We’ve kept the audio for your reference and transcripted the text below. POAPs were also given out as a memory of the event!


POAP design:


Audio:


Transcript:

Rupert – Amulet  

Well, happy Tuesday, everybody.

Rob – Amulet  

Yeah, happy Tuesday everyone. How’s your Tuesday doing?

Rupert – Amulet  

It’s a lovely day here in lovely Lisbon, so I’m actually going to go and take the AMA outside and get my vitamin D kick in.

Rob – Amulet  

Literally sunny for the last four or five days and today it’s absolutely cloudy

Rupert – Amulet  

Well, at least it’s not as cold as it is. But most of the attendees today sorry, guys. I know it’sit’s not super warm and not a Europe right now.

Rob – Amulet  

Well, Olaf who’s in Nigeria it’s extremely hot. There he is. I think he put a picture on earlier things about 34 degrees. let’s get on with it! I don’t know whether. We want to give a little bit of an update on some anything that’s been going on. The last thing and ever since we last spoke, we’ve now listed 2 new protocols. So JPool came on and then Marinade last weekend, we’ve got more of in the pipeline that are coming. So it’s all pretty exciting at the moment. And then if Ru, you want to give a little bit of an update from your end? while I catch up and find where I should be going on the questions.

Rupert – Amulet  

No!, other than, you know, Solana DeFi is back, you know, we are listing a whole bunch of different people. We had some really, really interesting calls in the last couple of weeks, especially on the bigger policy side of things. So I received a call from a protocol that once policy for about 25 mill on Thursday was last week doesn’t seem enough, butit’s a pretty big protocolin the, in the space and they’re spinning up a new pool, and they’ve got investors that want to go into it. And these investors want policies to cover them. And just as a bit of a reminder, you know, the big policies that we sell or any of the policies we sell are obviously shared back with those who stake with inside aUWT token or even stake that aUWT token on further. But in short, you know, the policies, that’s why we’re able to do the yields that we’re able to do because we we share the yield from the from the from the premiums, stakers. And, you know, big policies mean big yields, but we can only sell big policies with large amounts of of TVL. And yeah, so last week was a was a good week on on on that just for putting these these big policies in the pipeline, but also confirming up with some big steak is that are coming in. We are going to have a seriously large amount of SOL staked into the protocol in about four weeks time. I say it really is about four weeks. It’s not. It could be six weeks, maybe even eight but the point is it’s it’s on its way we’re in the last stages now of making them comfortable with our security procedures. And then yeah, staked in. 

Rob – Amulet  

Cool. I think I know what the first question. Thanks for that update. I think I know what the first question would have been, I think it would have been one question, which is whether any of the team are involved in the ammunition app. And I don’t think any of us are, well i know my account is a test account. I think for the core team. For the ammunition stuff, we’ve left all the viewpoints, we’ve loved that we only use accounts to really test and make sure that the tasks are working correctly and things like that. We’re not actually doing ourselves 

Rupert – Amulet  

You mean, I’m not getting me points for the presentations, I do?

Rob – Amulet  

Exactly. You don’t, we’ve not been willing to do it. And also in December, I won the flags game. But obviously, I wasn’t allowed to have all the points from when I beat everyone on here, they all thought I was cheating. It was devastating at the time. Enjoyed winning. But yeah, so to get clear on that the team has a team and not we only use it really for testing purposes. We leave all the benefits that come with it all for you guys and the community and part of it Martin is currently in a different computer, so he should be back. And so then the that’s the first question. And that question is one from David Cool, who we are now now I think you’ve spoken to him before in the general chat, wanting to know a little bit about our multi chain plans? Don’t you able to give a level up there? And it’s usually Shin and Jimmy’s area, but the movement in the call today?

Rupert – Amulet  

No, that’s fine. And let Jimmy’s on West coast today, he’s actually spending a bit of time with Solana this week. and Shin, I think is unable to make it further another call it’s got. But in terms of our multi chain plans, this is something obviously we’ve been talking about it since day one. And it’s a very big decision as to what we do in terms of which chain we go on to next, I haven’t really got a very good answer for you, except for there is a product that we’re working on at the moment, which should hopefully be out within I’d say the next couple of months, it depends on our partner on this this product, and really how quickly they can implement it on their side. But it’s partner that you will know. And it’s already listed on the on the platform. So we’ve got a good working relationship with them. Anyway, the particular product is built in such a way that we can start it on Solana to start with and then spit out straightaway on any other Rust based chain or within a couple of weeks, we could probably spin it up on a EVM base chain. So that’s our initial kind of multi chain strategy as in it’s it’s a policy or a product that will work on additional chains. It’s a slightly different product as well, it doesn’t work in the same way that you’re the way you’re able to take out smart contract risk policies right now. And you’re an underwriter on the other side. What we’ve built right now it’s it’s not entirely unique to Solana, but it’s quite unique. It will work what we built right now in order to spin that up on the other rest base changes pretty easy. But on the other I suppose chains that are out there don’t have a huge amount of TVL they don’t actually have a huge amount to underwrite. So there’s not there’s not much benefit to want to provide insurance for that right now. Which is which is what’s held us back a little bit in making our our decision of what the next big chain deployment is. But what I can say is probably by q3, we will have a another chain operating. Which one that is it. I don’t know what I’m going to answer for that one. It’s going to be led by the customer as opposed to led by you know, I was just deciding arbitrarily. But yeah, we wouldn’t have something going by q3 this year. And the Yeah, it will be on this new new product that we’ve put together which I’m really excited to release to you guys as soon as I can, but not very far away from releasing some more information on that hopefully Rob!

Rob – Amulet  

Yeah, no, it should be it will be really soon when and obviously it’ll all be communicated through the usual channels through here and it’s always here first it’s always discord first. So just stay here and never leave and everything will always be announced for a set but yeah, awesome. I think that that that gave a good clear answer on that, it’s just me who doesn’t speak clearly tight now! Numerok has asked something about what I put in the Roadmap regarding AmuNation update.  So he wants to know whether it does update me in and well, that news is coming is not doesn’t mean and it means upgrades. So it means it will all link into what was hopefully told you in this AMA. With regards to the ambassador and stuff, and all kind of links, it doesn’t mean and it means upgrade rather than end. It’s all going to be linked to the ambassador programme and loyalty. These are words you’ve heard, we should have more information, maybe at the end of this week, it could end up being the first next week. But Martin is working extremely hard on that at the moment. He’s been preparing something in particular the last three or four days for the team to make sure that everyone’s completely aligned on it. And you’ll get more information on that as soon as you can. Yeah.

Rupert – Amulet  

I can say I Martin told me today that I should have a doc by the end of the day or tomorrow, tomorrow to review all the final sign off on on how that update is going to operate. It’s something we’ve been working on for absolutely months now. We’re super excited to release it to you guys. It is a huge update is going to start to work does tell you in, in in no uncertain terms about how you guys are going to be rewarded in the future. So it’s pretty cool. And it’s pretty crucial. And we’ve got also got to get the numbers right. You know, people have had a go at us before because we’ve released stuff early. And the numbers haven’t been correct. So we we want to make sure that they are correct this time around. So yeah, give it a few more days. And you’ll you’ll get something pretty cool.

Rob – Amulet  

Awesome, and following that. And that we also received a question about projects, whether we’re looking at partnerships of influence and stuff. This is more of my end with regards to promotion, that will kind of be linked into the work that Ambassador stuff. So we’re not working with specific influencers at the moment. To be honest with Amulet, I’m going to be like fully frank and honest. Because obviously I’ve been in the industry a while the influences that we’ve used from Yola ourselves. And I’ve been successful for other projects didn’t do that? Well, when we actually announced the project, which will be our one year anniversary in less than a month. And so I’ve avoided specific influences. And I’m focused more on what what more miniscule people can do and what obviously the the PR people can do, which have given us much better results than the big influencers that asked for a lot of money, and we’re not really seeing the return there. So that’s why we don’t use them as much as others. But we have done in the past. There was one we actually spent quite a lot of money on. And the aim was to bring more Spanish speakers so I could but as you can tell, I don’t really mod that channel because there’s no one really in it. So right now it’s not part of it. Plus, we’ve got so much good news coming at the moment. Influencers kind of promoting this for free, which is always positive. Like when they see that we’re listing Marinade to a such a big company and JPool who are exciting at the moment.

Martin/Pinto – Amulet  

Can you hear me now?

Rob – Amulet  

We can hear 

Martin/Pinto – Amulet  

Yeah, really, really sorry. It looks like it was something with with the computer, then. I’m really sorry, everyone for for delay.

Rupert – Amulet  

I was gonna add on to the influencer thing and just say, you know, do we use influencers? In? In general? Yeah, no, because we don’t see the ROI on it. And I think it’s important to note that you have to be very specific, with with influences and like, what we’ve always found is that it’s better to have an individual, tell their friends and be rewarded for telling them they’re better friends than it is for one person whose entire role is to just shell projects, you know, and, you know, if you’ve got one person going out there and turning eight friends versus influence or going out and telling 800,000 You can often find that the eight friends that comes in are actually much better and high quality because they’re there for passion. And I you know, where all of the opinion right by should we bother spending a tonne of money on those influences. When we can be giving it back to you guys. We’re doing a proper job. You know, and it’s not. It’s not a job in that respect, right? It’s because you liked the project and you actually believe in it and thanks for that. We really appreciate it and we want to reward you for you guys for spending some time with us and on us.

Rob – Amulet  

That’s it. I’d say as well at any any posts that say the person asked that question or anyone that’s in this ama right now, because you actually believe in as it comes across in the content that you will provide some portray over. And even if it’s in your native languages, I’ve seen a lot of Russian language, YouTube videos, for example. And you can tell by the tone of the vote of the voice, that you’re not being paid to do that you’re doing it out, because you believe in us and you want to be rewarded yourselves. And so that is much more powerful to the user that comes across the video than someone who’s just being paid to promote as the mind actually have that love and admiration formula as read. Martin, I will hand it over to you now that you’re speaking and it was perfect, because well, to What criteria will you use to recruit Ambit ambassadors? So she was a great question, which came in today at 11 o’clock, and I’ll hand it back, I did not actually prepare myself for, for today question as we are approaching end of q1, which we follow our roadmap, or we trying our best to make sure we deliver everything as per roadmap.

Martin/Pinto – Amulet  

At the end of the week, we’ll show a few announcements. First one will be about how the ambassador programme will look like, what kind of information, what kind of tasks you can expect. Then we’ll add also, how many people will look for the first batch as we looking to have a one or two batches. It’s it’s depend of the number of applications and quality of the applications as well, we also beginning of the next week, released the application form. I don’t think it’s it’s like a job interview or anything like that, because you guys share so many articles on on different platforms, which is absolutely amazing. We check the quality on some of them. And it’s outstanding. This is this is why we growing I think Twitter at the minute is almost 50,000 people, which is mostly if not all thanks to our community, then why we want to have that kind of form, we want to know you a little bit more to give you opportunity to share with us the idea how you want to how you want to deliver the points what we’re looking for the for the ambassador as well, then all of those information will be released in the next few days. And the form will be released in the beginning of the next week. For that we’re looking around a week or two to review the the output from it all depends on a number of of the forms, which we need to look as we want to make sure we’ll read all of them. Obviously, we know some of the people who are with us for so long supporting as well as well, we then we want to make sure then then they will be recognised and they will have this opportunity to do go to the next level and vice versa as ambassador. I answer I think I answered most of those questions. Rob. What I went through the AMA question regarding the ambassador programme. And looking on number of the people as I said it will be it will be very depend on the applications as well.

Rob – Amulet  

Okay, cool. So the next question on the list. As some of them have written really long questions, it’s really difficult. But this one’s going back to you. It was is there a second round of funding planned? And if there is, are there already applications for cooperation and partnerships? Right. I guess the second part is actually more about what we what we mentioned earlier about partnerships. So I’ll get back Is there a second round of funding planned?

Rupert – Amulet  

We are not fundraising at the moment. But we are always happy to talk to people that are interested to back us and basically, the stage I’m in is keeping good friends with people who could be potentially funders in our next round. But it’s not planned just yet. We’ve got a really long runway. We’re in a good, good position. We don’t need to raise but we equally with the next few steps are coming and it might well be the right time for us to do so. So that if you’re interested in supporting us in a meaningful away on checks and that sort of stuff. Yeah, we’d love to have a conversation, but we’re not fundraising right now.

Martin/Pinto – Amulet  

Thank you for answering. Let me now take take over asking the question to give a little bit of relief for Rob. And the next question is for a4Finance, any, any collaborations will be in the nearest future? What is what is about Ambassador programme? When will it be exactly how long it lasting? Some of those questions I did answer about the ambassador bar, the additional pass question is how long it will last? We are looking for first few months to look is the right way or all the output is is correct. Obviously, after that, we’ll review it and I like to think we’ll continue as Ambassador programme is our extremely strong tool in gain community. Will any collaboration will be in the near future?

Rob – Amulet  

Awesome.

Martin/Pinto – Amulet  

Ru, is it something what you want to contribute as answer?

Rupert – Amulet  

Ah, what’s the question in terms of collaborations? They were like further partnerships or what do you think the context? Is there? Maki?

Rob – Amulet  

Oh, we lost you again. Yeah, much about the context. If it was partnerships, I would say, well, we we can if it’s partnerships, we’ve got them coming. And so we’ve got one, and we’ve got a partnership coming obviously this week, and there’s should be one come in next week as well. But I can just say, keep your eyes peeled for Thursday when it comes to partnerships. You back here?

Martin/Pinto – Amulet  

Yes, I’m really sorry. I don’t know what’s going on with that with the computer. I have been very well prepared before and I check everything and it was working. I’m really sorry for that. We believe you buddies. No, it’s no problem. It’s no big deal. So anyway, I was just asking about the context because yeah, we do talk about collaborations like is that partnerships is that investors? Is that because of partnerships we’ve already gone over. Perfect. Okay, the next question is for Ace Ventura. Are there any? Are there many people coming to the unmute ambulate protocol? What are the plans for the bounty programmes? And I’m more than happy to answer that. About about people coming to to amulet. We are all online, on Discord and on multiple different platform for more than a year. And we continuously have have more people. Obviously it is not as big as it was at the beginning. But what we what we’re looking now we’re looking to make sure that we have a right. Right material and right information for every new person to make sure that we ever have our best experience on our platform, then yes, new people coming and we’re doing our best to increase the reach of our our protocol, which ambassador is a big part of a second question about the bounty programme. As we are moving partly to Ambassador solution, we also look to change the bounty slightly as well. We are not switching off but we are looking to make more interesting to refresh that bounty to deliver some of the rewards from those bounty which our community got, then it will be some changes. It will be not the end of the programme, but it will be some changes in upcoming weeks. Rupert next question. It is from handler. I have a question about the demand for staking coverage. As you wrote 88% of the world’s assets are insured but only two are insured on the web free. But according to the FDIC only 125 billion it’s deposit are insured the US deposit banking system has a total of 22 trillion of deposit which is less than a 1% after all based on those statistic and the TVL Solana Have DeFi llama for Amulet, the market will be about 1.5 million. And then from the following next question the cover and the volume you you will need TVL several times more than the amount of the coverage in total amount of the coverage will be considered considered $1 million that will cover it will need to TVO several times higher than summarise the question. Rupert, can you help us to explain the community how we are planning to increase our TVL to be able to ensure more higher, higher coverage?

Rupert – Amulet  

Yeah, 100%. So, there’s a couple of misunderstandings in that piece there that I wanted to address first. So yeah, first off, going back to my numbers, yeah, I tend to refer to there being a, like around 88% of assets in the traditional finance that is that are covered by insurance versus the the 2% in crypto. Now. There are different types of insurance, for starters, and when I refer to kind of traditional finance, I’m thinking about all of the the assets that are utilised in traditional finance, so you can look at, you know, properties and, you know, property damage insurance, for example, which is a huge part of it. And then you can also think of traditional finances, he’s companies and there’s a lot of company value insurance with Director liability insurance and key manager, etc, etc. So the point is that the actual size of the the, the insurance market is so much larger in traditional finance versus what we have in crypto right now that there is opportunity for growth. So there’s opportunity for growing that 2% figure to get to a much larger figure. The, when you look at something like the FDIC, that is specifically looking at how much assets are covered inside a user’s bank account, not a customer’s bank account, not a deal that doesn’t refer to, you know, that that person, if I’ve got $80,000, covered in my bank account, or $250,000, I forget what the limit is in, in the US. And I also have a you know, a home low home coverage policy, I also have a car insurance policy, I also have, there’s a tonne of different financial products that I have, that are covered in a number of different insurance policies. And the actual insurance market is absolutely vast. It’s truly vast. And that’s that 88%. Figure is a real finger and he asked I’ll figure as well, like it’s not, it’s very difficult to calculate the exact figure the for the volume of insured assets inside the traditional finance world. The point is, it’s enormous, absolutely, colossally big trillions and trillions of dollars of assets, which are insured, versus that tiny little pinprick of a crypto industry, and the even tiny amount of assets that we’ve got insured with inside that industry. And that’s what I’m trying to trying to show. So the FDIC thing doesn’t really compare. But it does draw a nice comparison to another thing that you you keep or misunderstanding that you actually pointed out there. So if we are insuring $100 million of assets, how much money do we need to insure $100 million of assets? And in your if I understood it correctly, from your question, you were suggesting that we would need a billion dollars of assets to cover our 100 million dollars. That’s incorrect. It is the opposite way around to. And there’s a lot of ifs and dependencies on this, but I’ll do my best to explain it in in in straightforward terms. But in short, let’s say we had 100 protocols that we were insuring those 100 protocols, we were providing a total insurance of $1 million to each one Have those protocols? So the 100 million dollars of total exposure? How much money would we need to ensure that 100 million dollars, and a not unreasonable figure would be $10 million? Now, why would $10 million only be able to cover 100 different protocols, that sounds like a crazy figure. And the reason being is that we are not expecting all of those. This is This is pure, actuarial science, this is pure thinking, when it comes to how you design risk within inside an insurance policy, you’re not expecting all of those policies to be broken on the same day at the same time. So if you have $10 million worth of underwriting capital, you can take 12345 heads of that, and still only reduce the total overall pool by 50%. But you’ve also got to remember, though, that what’s topping up that pool consistently, is the premiums from that you sell for those policies. Now, if there are a million dollar or $100 million worth of total policies out there that have been sold, and the average premium is around 5%. That’s $5 million that you’ve made in terms of premiums back from from from this, in other words, 50% AP, why? Now, if you had five hacks, that takes out, and that those hacks all came on the same day, at the same time, let’s also remember, you know, time is an important variable in this, then you’ve got, you know, those five hacks come in those five $5 million, get that taken beat, you’ve made $5 million worth of of premium. So the net next of what happened in that short timespan is that you’re staking or your TVL hasn’t reduced because you you had your $5 million dollars back from the premiums. And the and five of those policies have been paid out in full. And that’s another variable that you have to bear in mind is that not all of these policies will be paid out in full if somebody had the policy, but then they actually sold the tokens that they were covering, before the end of the policy for they weren’t covering actual assets, but then made the claim that claim isn’t going to be paid out. Because you know, if you have a house that you have a policy on, and then you leave that house and you sell it to somebody else, you still got a policy on that house, the insurance company isn’t going to pay out on that house, if it gets blown down next week. It’s exactly the same for tokens. So the the likelihood of all of that capital being paid out is again, another risk element you build into this. So the long and short of it is small amounts of capital can be used to ensure a large amount of risk now, why are we at a position whereby we’ve only got a small amount of capital, and we’re not ensuring that much amount of risk? Well, that comes down to the amount of protocols there are in space. On Solana, you are entirely correct, the TVL is very low. It’s very depressed right now, especially after FTX. And everything has been through. However, as I said, at the top of the call, Solana is on a growth curve right now we are growing, there is a lot more TVL coming back into the into the space and the with that growth grows the amount of protocols that are building on Solana and Let’s also not forget that we are a much to improve protocol. So will we get up to in excess of 100 protocols? Yes, absolutely. There are other ancient defi insurance protocols within cyberspace that are well beyond the 100 protocols and they’re using the same small tiny amount of capital to ensure those protocols because the expectation and the risk models are designed as such the do not have to pay out all of your TVL all at once, in order to to cover those those those products. I think that’s explained I like Mackey Rob, I mean, tell me

Martin/Pinto – Amulet  

I was thinking I know a lot then I think this answer is covering everything what what our user was looking for and even more is in for me. And in case in case handler if you are. If you have any further question, just just drop us a DM and we’ll make sure we answer them but personally The Amazing answer and I’m very happy that you are here. Let’s give a little bit rest to to Rupert and I will take a next question is a question for USERNAME How to get amulet up roll discord and why it’s still pending amulet reward for a month ago I’m not a proof please tell me about the programme end date right uh first of all how to get the role for us and it was also a learning curve with our with our community the most important bit is to be a part of the community to support us as a project as well then the best way is participate the events support the community members and and be active with us because then we it will allow us to meet you exchange that experience about the blockchain about the crypto cryptocurrency safe as well then just be active and be with us and I’m pretty sure you’ll get the row in no time. Second part of the question all of the rewards are assigned to your account on bounty programme then all of them will be distributed when the bounty will transform or change which as I mentioned previously happen very shortly as we are working only on this as we speak then all of them all of the rewards are safe with your with your ID regard the approved ones if you can drop me which of them they are not approve, I can check with our developers some of the task required are manual checks. And due to number of bots which has been a ploy to lamination we making sure then we do those checks but if they outstanding for for for a longer time please send me this via DM and I will check with our with our developments The next question is from USERNAME i I’m pronouncing this correctly every project has a story behind the name can you tell us more about the story behind this and the second part of the question Who are the team behind the project? Tell us about the background I can as part of this question to your pet I know it will it was a lot of questions to you then I will try to at least cover part of the background and and the team you can meet most of our team on the on the discord me and Rob are focusing to make sure that we deliver the best marketing and will grow grow the project and also the new guys as a community have a direct connection to to us and the project this is part of why we have our ama or are we trying to answer all of our all of your questions on the discord the rest of the team is what part of the team have a background from the insurance industry this is why Rupert and people have such a deep knowledge about the solutions and about how the insurance working because I think we believe the key is if you’re delivering some product on the market you need to make sure then you know it inside out and after previous answer from Rupert I have a full full trust he knows the industry inside out. Rupert Are you happy to cover the story behind the name of amulet and maybe a little bit about your background?

Rupert – Amulet  

Sure, absolutely. And yeah, just for clarity on that the person who has the full credit for Amulet and and and really a lot of my education about insurances. Jimmy like Jimmy spent best part of six, six years at Tower Willis Watson Watson tower Wilson, I always get that one mixed up, which is a huge insurance consultancy firm. Based out of Canada, Canada is one of the biggest insurance hotspots in the world. Strangely, and specifically in Toronto, which is where Jimmy is based. And yeah, so he’s he’s the one with the the real deep insurance back of mine. That background is from FinTech primarily. So I know an awful lot about regulated products, and I got into crypto in around 2016. So that’s when I kind of my interest in kind of crypto and fintech aligned, and, you know, my, my passion for insurance has come out of a combination of two things. One is, I really hate when people tell me that I can’t do something or I’m not allowed to do something. So I’m not allowed to be Lloyd’s of London name, which is one of the people who stake into Lloyds of London they the insurance because I don’t have enough money I don’t have a load title behind me and I’m not have the right you know, background and I hate that I hate the idea that other people get the opportunity to do something, I can’t because they’re just rich or they know the right people, they went to the right school, that’s not okay. In my books, frankly. So that’s one of the big reasons why I got into crypto. And the other one is is the idea that it’s quicker faster better and you know, it’s going to disrupt you know, holding industry that I’ve been disrupting for the last few years anyway, so they need it like they you know, we need better systems we need to be able to operate better as a as a community as a global nation. And yeah, not let the government’s hopefully dictate to us exactly how we should be working and the only reason anyway to do that in my eyes is decentralisation. And yeah, let’s hope it let’s hope it gets that way. Anyway, so that was a bit of a bit a bit more background on me in terms of like, why amulet why do we call it that? So we went through a bit of a story and we went to a bit of a name, name discovery process and amulet really means protection right? It is a an amulet is like ait’s a crystal or it’s a you know, an all seeing eye. It is a it is an object that protects the keeper. And so that’s why it works for you know, insurance and if you look at the circle and the angle inside our in our little logo. The circle is a coin and the angle is a shield. And that is yeah, that’s what it represents. That’s what we’re here to do is to protect tokens and protect web three and protect everybody that’s operating Insider. Is that is that the good bit of the story that you liked Mackay or did I miss? Indeed, indeed. Yes. Maybe, maybe.

Martin/Pinto – Amulet  

Oh, no, I was I was thinking you Did you finish? That was it for me. Sorry about that. It was it was like I lost the connection. Just to add to that question. One person who we forgot our our tech wizard Shin, who is joining us on some of the amas I had the pleasure to meet meet him a few times and bringing the experience from places like Coca Cola or Xerox. It’s it’s the person with absolutely amazing knowledge about I think every single coding language and blockchain then I think I think you guys are in the good hands. Going to the last question and making sure we are in the in the timeframe is a question from Meison and David Cool as well. As we are going into in the multi chain solution will model liquidity mining will be open. For example right now, we have available amtSOL to aUWT and amtSOL to SOL but it is a lot more than we are then when a new network will be added another rapper token and another pool will be added. Do we have any insghts maybe for for the community? Will we plan any potential new pools or liquidity mining pools as well?

Rupert – Amulet  

Yeah, no, it’s entirely correct that you know when you are adding new networks you will have to add new tokens assuming that they are linked to amtSOL and AUWT. There is no guarantee on that right now. I certainly our next product that we are about to release is not based around that. In fact, it’s a very much simpler product in terms of liquidity recorded and tie that. And yeah, that that you have to wait and see. But that is the first product that will be going cross chain. And so no, we’re not expecting any pools right now, maybe q4 this year to replicate exactly what we have on amulet on Solana to something else but nothing, nothing specific right now.

Martin/Pinto – Amulet  

Perfect. Thank you very much for that. And I think they’re all of the questions from from our ama question channel. Then let’s move now to the community question if anyone wants to ask join us on the stage and ask the question. Let me double check. And I think we have a one person a4Finance. Any, let me invite you on the stage.

A4Finance – Community Member  

Hello, everybody on the stage. Welcome. Nice to hear you. Thank you for classic clarification about my questions about Ambassador programme or corporations. And I have one questions about do you think to cooperate with any centralised exchanging platform may be binance and it will be and how it will be?

Rupert – Amulet  

100% Yeah, we are we are looking to partner with a couple of centralised exchanges. So one of our BDS is actually actively reaching out to lower tier exchanges right now in terms of that and programme. The response that we’ve had back so far has been not that interesting. And that’s not because of what we’ve got to offer in terms of the yields. But more of the fact that people are a little bit concerned about Solana token, a little bit concerned about that there’s a lot of network right now, and they want to see that grow. And that’s fair enough, we understand how it is, as a business, we’re in the same scenario that we’re also watching. It’s a lie, right? So yeah, we will. We’re working with those guys to get on their own pages to start with. Now, when you look at somebody like Binance, they are obviously the biggest impact, they are 13 times larger than the nearest competitor in the industry, which is Coinbase. They are a behemoth in the industry. And to get traction and coverage on binance, you need to have a huge amount, or I mean millions of signed up users that are transacting in your product. Because if you have millions of users that are transacting that hopefully for binance, that means that you’re that you’re gonna be interested in trading the token on that. So as we go towards our TGE and our token launch, we will be obviously rewarding one of you guys, because you’ve been here for the long time. But the incentivization there, we’ll we’ll switch to signing people up to get them excited and get them potentially ready for that. That token launch. And we if we can get that to about 500,000 signed up active users with wallets that are due to get too many empty tokens then by Nance would be extremely interested in taking us on as a listing for something like that. And so that’ll be the challenge that will be when we come towards doing that. Right now is not the right moment. Right now we need to hit some other growth points and then we can change tack and go towards the TGW and make sure that we’ve got a liquid token and go to the moon baby.

Martin/Pinto – Amulet  

That sounds that sounds perfect. Thank you very much for your answer. Rupert. a4 Finance, do you have any more questions?

A4Finance – Community Member  

Okay, I got some, maybe a when we will reach the our 1 million transaction can apply for that too. With cooperation maybe on other big exchange platform. As i got an offer. 

Martin/Pinto – Amulet  

Yes. We all wants to be there. We all wants to be there and and increasing our coverage sales. week after week you can you can trace that now on our Telegram, Telegram bot, which giving you all of the cover purchases, then you’re all welcome to join that, which allow you to trace the progress. We are a little bit far from the million but we definitely want to wants to go there.

A4Finance – Community Member  

Okay. Oh, just slowly steps. Big exchange. Exactly, exactly.

Martin/Pinto – Amulet  

Right. Thank you very much for for the question, is it anyone else who wants to join this stage? I cannot see, I cannot see anyone else raising the hand. And then just to just to closing our ama today, as we release some kind of the information in the past few days, we are planning to launch Ambassador programme, but it doesn’t mean that only those people can support us and also be rewarded for it. We have our nomination platform, but we also building a solution where all of our community members will be able to participate in, in our reward programme that will be calculated based on your on your commitment as well. But we want to make sure that not only our ambassador, but everyone has the opportunity to to support us and be rewarded for it. Then, thank you, everyone for for joining us today. And from my side. I’m really sorry for some technical issues at the beginning, which I had will make sure the next time I will have some backup backup laptop next to me of Rob will will lead the call as he have a much more experienced than me. I want to thank you, Rupert Rob, for for all of the all of the answers and also everyone from our community for for joining us finding the time and for being with us. Thank you very much, everyone.

Rupert – Amulet  

Thanks, everybody. Really appreciate it. Speak to you soon.

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