Community Hangout Spaces #16

community, where we've been very, very generous in this regard so far. What else? We've launched handle CC liquidity pools on trade craft in one swap and we're working on getting more of those launches aligned up for you. So expect some more, I think in September. Again, I don't have the confirmation yet. We rolled out the X affiliate badge program. So if you're participating and posting a lot on Canton Network or a lot about Canton Network, you'll be hearing from us. We'll be inviting you to join the X-Badget affiliate program, but it's not only for people who are actively participating or posting about Canton, but you guys are definitely like number one in the list of those that we want to support. Finally, we expanded the team across engineering, community and design. I haven't announced that yet, but we have hired a new designer, so like the team little by little is expanding. And yeah, that's very exciting for us. So expect a lot more really sleek content coming soon. But again, this is only what was announced publicly. I don't really have the liberty to share what we have worked on behind the scenes yet. This is all part of a bigger vision for like consumer Canton, which is where we take privacy and institutional great infrastructure that Canton provides and we give it a consumer access point. But again, a lot of that will be reflected in Handelpe 2.0. I think I'll pass the floor to Greg. I've been rambling a lot, but I guess I give you guys a general feeling of everything that we've done in the past two months. And that doesn't even include the big launch that we've been building for. That hopefully we can announce soon, which is Handelpe 2.0. So yeah, we've been busy. But anyways, our latest release, which is that Handelpe Founder's Circle, which is different than the holding rewards, which is a more exclusive program. This is what we want to talk about today. And yeah, Greg, first of all, hey, what's up? You're welcome to speak. Let's dive right into the Founder's Circle program. Yeah, can you give us a recap of what exactly it is? And I have a little bit of debate with you here on this one. We'll get into that in a bit. But yeah, tell us what's the Founder's Circle program? How can people participate? And what are the benefits as well? Absolutely. GMG. Can you hear me well? Yes, you're perfect. Okay, sounds good. Yes, so first of all, thanks for the introduction to summary. And yeah, I think the two big topics is the Founder's Circle. And you know, and Handelpe 2.0, at least, from what I see. What people want to know more about. And I guess for this space, we're also super open if someone has questions to just jump in. And you know, ask the questions. But let me start with the Founder's Circle. And what they intend is behind this. So we are working on different staking programs for people who hold Handel. There are staking programs on Canton Network and on base. And so right now, what we have live, just to give you summary, a layer of land, so to say. We have the Handelpe 2 holding rewards, which works on the Canton Network. So if you hold Handel, you earn weekly rewards in CCs and in other tokens. And if you hold Handel on base, there will also be different options to stake Handel. What's life right now, or just what has launched last week, was the Handelpe Founder's Circle, which essentially is a staking program for people who are really convinced and believe in the roadmap that we are building towards. So in the vision that we are building towards. And to give a little bit of context, why we launch that. So as you know, many projects have a distribution of holders that is like, you know, where a few people hold quite a significant stake of tokens. And typically, these people have a different connection to the team. And oftentimes, it creates a very, in many cases, an unfair information flow. Right? Because if you keep having one-on-one conversations with certain people or certain groups, that's not really fair to everyone else. And even within those groups, it is oftentimes, it's cute. And at the same time for a project, it is important to have people who hold you know, a sizable amount of tokens and get their opinions. That's almost like, you know, if you're doing a classical startup and Ure's venture or angel funding, you do have different conversations with those people because they have skin on the game. And they're working towards the longer-term goal versus just a short-term goal. So long story short, the Founder Circle basically brings everyone together who commits for the long term. And the requirement for that is to stay and lock 3 million handles for 12 months. And as a result of that, you get access to a dedicated Founder Circle Tevagram group. And the purpose in that group is, is really to bounce ideas, to talk about strategic ideas or decisions the team is making and get feedback from the people who have locked up tokens. For 12 months. So that's essentially a way of, you know, a direct communication channel between bigger holders and the core team. But at the same time, also to feel the pulse. And that can be more of that. So as an example, as we discuss other staking opportunities, we want it to be, you know, we want to hear other people's side. And especially the ones who have locked up tokens, right? Because their interest is obviously very much aligned with ours in the long term. Whereas if you get feedback from people, you know, who holds tokens for a very short amount of time, that's typically not the same incentive, short-term versus long-term. So yeah, in a nutshell, that's the Founder Circle. So it's a direct, you know, access to the team. And also for us as the team, and it's a way of feeling the pulse from, from bigger holders. But then also as things progress, there will be more coming to the Founder Circle. So there is definitely the idea that if the project reaches certain milestones, be it traction milestones, valuation milestones, that will also give something back. But it is not in that sense, it's not a program where you stake and earn on a weekly basis. It's a program where you commit, where you lock up tokens. And if milestones are achieved, as a, you know, as a result of a group effort, sort of say, then we are giving something back of that. But yeah, so in that sense, I'll pause here. I'm sure there are questions or maybe Karina has seen some questions in the group chat and happy to answer those. Yeah, thank you. Actually, the group chat exploded with questions. Guys, please ask these questions in advance so I can organize them nicely. Let's get to them. Yeah, yeah, but I'm just saying, actually, so before I get into the questions, I think that this is a good opportunity for me to just reinstate this, this, I guess, bring up this little, this topic again. So I kept asking you and this, I know that a lot of people had understood that like staking equals yield. And this particular staking program does not equal the fact that you're getting yield on a weekly basis. Now, I like how you had explained it to me when I said, hey, but you know, people expect the yield. Could you give us that explanation again of you were talking about how investors typically like early state investors. Yeah, absolutely. So yeah, and I know like a lot of people have different interpretations of terms in crypto. But staking does not, does not imply yield by default. That there is very different things staking you basically stake it for a purpose. You can stake to get access to features. You can stake to get yield. You can stake to, you know, towards a certain a certain goal and reward sharing the future. It does not mean that typical stake and earn that you saw two, three years ago or in the last crypto cycle. How a lot of tokens try to create some artificial demand. So in this case, I still think it is stake and earn. That's the goal. But it is not stake and earn in the classical way where you get like that, you know, a number of tokens on top of what you stake. It's also not smart from a token or its perspective, by the way. But what I mean one thing I want to make clear. So, you know, if you compare this to, let's say, if you start a new venture and you raise capital from angel investors, be it crypto or not crypto, that doesn't matter. But let's say you range, you know, early stage, seed stage capital. You have a very specific interaction with this first or with this, you know, this group of early believers of conviction holders of supporters, whatever you want to call it, because they have essentially contributed some capital and they have the same interest as you. They will earn a multiple of their, you know, of whatever they hold or what they've invested, if the project is successful. Those are not the ones that want an exit if it is a 2x. They want an exit with a 10x or a 20x, with a much higher multiple. But for that, it usually requires work. It usually requires some some sort of an interaction with the founders, with the project. A lot of angel investors out there, they take that job very seriously and they go out and into, you know, kind of help the startup get, you know, get exposure, connect them to other startups they have, connect them to other industry players. And this is like a, it's a very, let's say, this is how you invest in a smart way when you're doing early stage investments. You have a kind of an obligation to make sure that your capital or the risk towards your capital is minimized. But in crypto, this has, you know, this comes in different shapes since we had these ICOs many years ago. People just buy a random token and then hope that it does a 50x by just doing nothing. So it's basically like playing the lottery or going to the casino. And that's not what we're doing here. So with the founder circle, we want to essentially mimic that very interaction you have with early stage investors or with conviction holders or believers, whatever you want to call it, who help along the journey to grow the project and increase the valuation. And in that sense, it will turn into a reward. If you lock up three million handle and the project gets to a 20, 30 million FTV, then everyone has that reward in that sense. But as part of the principle that has been locked up, does that make sense? It does. Thank you for that clarification. And thank you for sharing us your perspective on what this program actually means because I know there was definitely a bit of a misunderstanding. But hopefully you guys all understand our vision and what the program actually entails. Yeah, but I want to add something quickly. Just to still make it super, super clear. Handle is not a security token. So you do not stake handle and earn handle or something else on top of it. That would classify the token as a security instrument. And that would, you know, essentially it would create a lot of more complications if you want to get the token listed on another exchange or if you start to engage with all friend partners. This is very, very tricky ground and we don't want to we don't want to play in this gray area. So handle is not a security token. Stake and earn, especially if it's a guaranteed earn, is not something we will be doing. That I can say pretty clear and straightforward. But what we will be doing is other staking programs that are milestone based. And milestone based can be anything. Let me give you a specific example. Let's say we have a staking program that is based on reward unlocks if the project reaches a certain valuation on CoinGecko. So as an example, if you stake a certain amount of handle and the project gets to 10, 15, 20 million at every milestone, you would get a reward essentially. That's something that's objective. It is a milestone and it is win-win for everyone, you know, who is involved in it. Awesome. Thank you. So guys, you're putting a lot of questions in the chat. For this basis, I will stick to because we do have like a shortened time limit, Gregor's love meetings all day long. I will only stick to questions that are relating to Founder Circle, but we'll make sure to answer all questions aside from that in written format. So quickly, all right, this one. For the