Transcript
you know, clientele. I mean, this is still one of the most used apps for you know stock investing and they're obviously you know not
not afraid to put their crypto side out there too. They have the entire side of that just for you know crypto. So it really
unlocks a lot. It's really quite interesting. You know, still to see that big rotation that we saw in 2021. I know you've
been around quite a long time in the crypto space, but like you know it'd be glorious to see that. But even if we see like you know one eighth of that liquidity shift in and if it you know
starts to target towards Robinhood, it could be really really interesting. So anyways, an interesting time to be on Robinhood chain.
Absolutely absolutely. Yeah, that's why I'm excited. Like I said earlier to start and complete the third AMA after a long time with with this project with
orchard especially being on Robinhood. But yeah, man, cool. I think we can kick things off here. I've got a lemma as well. Here on stage to ask some questions, etc. If he has down the road. And if we don't cover you know some of the
stuffs, but Adam, I will pass them. And just a reminder again, please everyone, smash the like and the tweet and drop any question, especially if you are from the orchard community, you know, you're an investor, just a community for now
or you're just using their game, which you know we will dive in few minutes into the game and hard work and stuff. Let us know in the comment section what do you like about the project about the team and so on. So, yeah, please, please do. But again, nothing here is a financial advice. You know, we are just going to have a good hangout here with with Adam and the rest of you guys. So yeah, let's have fun. Drop the questions in the comment section.
And Mike, sorry, Adam, the mic back to you. If you could please give us an intro. I know I'm pretty sure actually the majority of the people here know you by now. But an intro yourself and also if you could give an intro about the orchard team. And then we'll come
like diving to the project itself. Oh, definitely. Yeah, I mean, you can call me Mike if you want to.
I'm surprised to be my name at this point. But no, thank you. I didn't get a chance to say, you know, my appreciation for being here as well. Really appreciate it. You know, Web 3 Dojo basically a Web 3 institution. You guys, you know, put out incredible content. I see some awesome friends in the audience as well. Obviously, TASA of what's up, TASA. Appreciate you tuning in. Crypto Elite as well. It's been a while since I've seen you mainly on TG. So good to see you there as well. I think I saw
Is that was that yeah, smart chain poker even. Oh my gosh. Wow. We got all the family here. Yeah. Appreciate y'all. So let me get a little bit into it. So my name is Adam VC Adam on telegram. You can find me there. I've been in crypto since about 2018.
I'm really kind of, you know, learn the ropes on B and B chain. And really got into crypto through DeFi. I was learning back then, you know, yield farms and where I really, you know, kind of started learning everything was with a swap.
If you guys are old enough to remember that it was a massive protocol on B and B chain actually rivaling, you know, the likes of pancake swap. They actually had a fork of them and then ended up, you know, doing their own and now they do bonds but incredible crew there. So anyways, I learned everything. Ask all the dumb questions and got like just really interested in the space from that from there. I started getting into speaking, marketing, that sort of thing and that really, you know, kind of was my life all the way through, you know, now.
And now what I do is I, you know, look for select projects. A lot of them reach out to me and they say, hey, you know what we're busy, Devin, we're doing, you know, all this work, which is honestly the hard work.
Would you be open to, you know, kind of telling our story on spaces and kind of explaining and bringing it out to folks and of course.
Now of course, I asked to be something that's interesting. I've covered everything from meme coins all the way through where my real passion is is DeFi and utility.
And that's where orchard really kind of blossoms from no pun intended there. But so, you know, I met the team a few weeks ago and what immediately caught my eye was what we were just talking about.
The fact that this is born on Robin Hood chain and emerging chain that has liquidity just kind of flowing into it.
And it's a DeFi play, right? It is something where you can actively play a game, earn real tokenized Apple stock, which is incredible synthetic stock.
And what's interesting as a side note there is Robin Hood. Many people may or may not know this is a huge player in synthetic stocks on chain.
So they actually have a liquidity pool with Apple stock. And that is what this is purchasing on chain.
So every single time you win in this orchard game, which we can talk about a little bit, you're actually earning real Apple like the company, the phone you might have in your pocket are gone right now Apple stock.
That is of course, pegged to the actual market price of Apple, which is incredible. That's a synthetic stock. So it's quite interesting. You're earning real rewards separate from the web three space.
Within the lens of web three. Now there's also a token attached to this as well. I'm not going to get too far ahead of myself, but that's kind of what drew me to this.
That's a little bit about my history. And I'd love to, you know, get into more of the of the, you know, project and a little bit.
Yeah. And that's a thing, right? And we've seen like, you know, even CZ with his legs conflict.
Yeah.
That
everyone is getting, everyone is getting into the conflict stock meme stock like whatever that could be like, you know, either like, you know, an actual RWA or DFI or
conflict a meme which is attached to stocks. And this conflict, you know, brings the real world, the RWA conflict aspect and use case of of crypto conflict. You know, it's a bridge there in between. So
Yeah, I think this will become even even it will grow from here way bigger from what is right now. I think it's like it's not even like, you know, the surface of it.
Right. No one knows about it. And that's why I mentioned earlier in the beginning that a Robin Hood will be one of the platforms one conflict of the.
Yeah, actually the platform that will make this massive because everyone is into the stock market when comes to the, you know, let's say if you have 100 investors thought of like, you know, on the web to side.
And only like, you know, two or three of them or maybe five, which 5% let's say, crypto adoption are into the crypto side. So imagine now that, you know, they can, you know, have their stocks into the blockchain right through gamifications through, you know, through DFI through memes.
So this is conflict changes completely the picture of, you know, how the traditional conflict finance works and you know, that whole.
All picture so yeah, I'm really excited for this some orchard tell us how does it work right so what are the mechanics in place like, you know, what does the user.
Have to do in order to participate and start earning.
Yeah, by the way, I just you know, I'm getting a little distracted here, but, you know, really appreciate it, especially for that hiatus and coming back on X basis.
Y'all are crushing it because I see m mkk in the building as well.
A lot of people tuning in so really appreciate you make sure to check us out if this is interesting and perfect time we're getting into it right now.
So m mkk big love to this guy.
The
Definitely, definitely.
We're in the crown right there. I love it.
So okay, a little bit about orchard.
So if you go to orchard dot gold, which is the main website, you'll kind of be greeted by really the summary of how you can engage well, one of the ways you can engage with this ecosystem.
So and it's what a lot of people are doing right now.
It's as simple as this, you plant a plot and you can harvest real apple stock. So it's an actual game.
Now I've tried out this game myself.
They've enhanced it since in the last couple days to make it even better and more enticing, but basically you can select one or many plots.
And you can decide how much in Robinhood, if you're investing per plot.
Now prior to a couple days ago, you know, every, every couple of seconds, specifically every every 75 seconds, a winner is revealed.
Basically what tree is, you know, sprouting apples, right, which one is winning.
One of them is revealed and that takes basically the entire price from all the plots being invested.
Now, before you would get, you know, a small multiplier, if you landed, even if you were the only one playing.
However, now the team has actually invested their own money into filling all the rest of the plots that aren't being used.
So for example, if you only buy one plot, well, then your prize would be diminished if you're the only one playing because an automated system.
But now the team is actually, and I don't know how long is going to be lasting for, but they're doing a promotion, at least for the next week or so, where they're filling all the rest of the plots.
So effectively, your hit rate is, you know, going to be really, really, you know, something that's you're going to want to celebrate because your prizes are going to be exponentially higher.
Now this does come at quite a cost to the team, but they're willing to do it to be able to grab more eyes and attention to one of the core elements of this game.
But it's really as simple as that. You pick a plot, you decide how much you're investing in that plot.
If you hit, you hit big, especially now, and it's as simple as that.
That's for the tokenized apple stock.
Now, you can imagine there's already a flywheel being formed here.
I kind of hate that word because it's overused by rug devs all the time.
And it's really annoying. But there is a flywheel in effect here.
The flywheel is super, super simple.
It's literally just activity through the game equals revenue through nominal fees equals buyback on the seed chart, which equals out to burning tokens because once they're purchased, they're burned, reducing supply.
And that flywheel can start to create some nice incentives on the chart for the seed token and of course grant additional exposure.
I'm not going to focus too much on the chart because I'm mainly interested in the game.
But I will say our first ever AMA was last week.
We're sitting at more than about 2.2x from last AMA with an all time high past about 330 or so.
So a lot of upward momentum, which is great.
And a lot of people might wonder, well, do you need the seed token to participate in this game?
Do you benefit? You definitely benefits, but you don't need it.
And that's what's so cool.
So you can just play the game and earn real synthetic apple stock.
That is actually traded on chain.
It's all verifiable.
There's no fugazi.
It also uses VRF technology to actually assign who is the winner, which is very important.
It's not just some dude in his basement deciding, this plot's going to win.
It's using VRF technology to decide the actual winner.
And if you go to the Explore tab on orchard.gold, you'll be able to see the seven-day revenue.
So you can see how much apple stock has actually been sent out as revenue.
Currently, it's $850.
Remember, this is only seven days and it's still a new project.
But pretty cool.
You can see all the stats there.
How many tokens have been burned and so forth.
One more thing because I'm throwing a lot at you guys.
What if you pick up the seed token?
What if you're like, okay, it sounds kind of interesting.
I'm interested in picking up seed token.
It looks like it's performing all right.
I see the flywheel effect of playing the game and supporting the token.
Well, you can stake your seed token.
Now, staking is also a nasty word because in DeFi and going all the way back,
you've been stuck in lock periods while your token is absolutely being dunked on by,
you know, devs, right?
They're selling on you, selling on you, selling on you.
Your tokens are locked up for six months and it sucks, right?
What they did is they allowed for single-sided staking and no withdrawal,
you know, kind of penalties or periods of lock up.
So you can just stake right in and when you decide you want to stake out, stake out.
Last time I checked, which was last week, the TVL was hovering about $32,000 and this is just
single-sided staking and seed token. Currently, it's at just under 70,000 now.
Of course, that takes into account price appreciation.
Of course, seed token has gone up more than 2.2x since last AMA, but pretty nice.
So there's a bit more trust now in staking and earning those rewards.
The APR might not seem like a lot if you're used to the DeFi days of yesterday year,
but it's pretty dang good.
I'll try to find a local bank that'll do this for you.
137% APR on estimate.
Obviously, the more people that stake in, the lower those rewards go,
but there's already close to $70,000 in in TVL and the APR is still quite good.
And that's kind of where I'm going to stop.
So we understand the flywheel effect.
We understand the fact that you don't even need to buy the token.
You can support the ecosystem and win real Apple synthetic stock by playing the game,
or you can do that and also get exposure to seed token, stake, and also earn real Apple stock.
So you can participate in two different ways and earn real Apple on chain stock.
Yeah, the APR, so 137%.
It's not 1 million if you recall the old days.
Oh, God.
Yeah.
All the zeros.
Then, then, no, we are not getting.
And I'm joking.
That's a good thing with the early low-cap place, like with really low TVL, etc.
It's like the APR during those early days until it picks up.
It's very good.
So you can make some really good money before the TVL starts increasing, etc.
Because that will drop otherwise.
If it won't drop, it's not sustainable and it can flag-graces red flags.
Okay, how do you sustain such a high TVL?
So that's really good.
And I mean, 70K.
So 69.4.