Surprise Litecoin Spaces

All right, we're gonna go ahead and get started. I want to go ahead and introduce the Lorraine labs to everybody Cune who is a part of the Lorraine labs helps run it is our Hey, how's it going Evan? It's going well So excited to be here. Yeah, this is pretty exciting partnership we've crafted and we thought it'd be worth having a spaces on the same day as the announcement goes out So I'm pretty pretty stoked myself and then also from the foundation side I believe Jay is working the handle over there. So Jay wants to Say hello real quick. Why is I guess he's gonna stay silent and probably just do co-host to these. That's fine So let's go ahead and get into sort of like Introduction of yourself first in the Lorraine labs and what you guys are up to and That's right Okay, sounds good So my name is Evan Cune. I'm talking from the Delorean labs Handle today a bit about my background. I'm originally from Toronto, Canada Been in the web 3 crypto space since around 2017 co-founded a company called Coinberry. We were Canada's first regulated crypto brokerage and Started out with Bitcoin and Ethereum and actually Litecoin was the third asset that we added to that platform so I've been yeah probably following the Litecoin story and everything since around 2017 and Yeah, what you guys are doing big fan and then yeah, brand that business for about five six years Had an exit there to wonder five technologies Roll up play in Canada that acquired six or seven of the licensed companies in the space They're backed by Kevin O'Leary from Shark Tank and then recently in the last year that company was acquired by Robinhood and Is becoming Robinhood Canada so I've been able to see all kind of aspects of that business cycle there and then just being such a fan of the industry when the Delorean opportunity Came around wanted to jump into this side of the industry which is new to me launching a token and Getting to work with exchanges from the other side and also just a massive car fan and an overall fan of the brand and pop culture So for those of you that aren't as familiar with the lorian Dorians that iconic car that you may know from the back to the future movies with the galling doors the brushed steel exterior and has just been kind of almost more relevant today than back when it came out as we see it with a top-selling Lego set hot wheels It was recently featured in fortnight all sorts of other video games other not just the back to the future movies, but also ready player one and a ton of music videos out there so it really permeates all aspects of culture and Delorean Coming out with a new electric vehicle and as part of the rollout of that strategy gone into web 3 in order to Sell the build slots for the vehicle So we have a market place on our website where you can buy a build slot that's on chain and that digital NFT Represents your place and line and then when the vehicle comes out it's gonna be the first tokenized vehicle out there Where every car is gonna have a crypto wallet built in and that's just typically iceberg We have so many exciting things to go along with that so bit of a long-winded answer, but Yeah, that's Happy to go into more detail about all that stuff. Yeah, I think all that's really really interesting and just as a preview Randy Hipper who does our foundations by Litecoin on YouTube She's already interviewed you that's all set and ready to go That'll be out Thursday Does yeah, that was so much fun to do. Yeah, great energy and Spark plug man and and I think that'll be an exciting video for people to watch so if you want to go to the Litecoin foundation YouTube and watch that interview you can see Evans Beautiful face on there. I swear you look nothing like your age man. You must be taking some kind of Medications or minerals or supplements or something because you look like you shouldn't even be able to drive at this point But anyway Trying to eat healthy exercise and sleep. I'm like a prioritize sleep more than anyone else I know I think I'm like if I can get to bed at nine o'clock and Wake up at six seven a.m. Or yeah, more than I'll click a young one. Yeah, exactly. I make sense you know the other thing that was interesting to me You mentioned was the fact that you guys Regardless of the fact that there hasn't technically been a delorean put out in a long long time decades The brand is like thriving, right? And you have these these deals In places that that embed it into people's psyches and their hearts To wear even as those kids draw up and they're using the Legos and Fortnite all these other things They're going to continue to remember and have a fund Feeling about the lorry and the brand itself outside of the car, right? And I think that was part of the just this kind of skip a little bit But we'll go back as part of the draw for us from the foundation was The way that you guys have handled being able to continue to stay relevant in a industry that Like you want to talk about crypto a lot of people nudging elbows against each other to try and stay at the front of the line I know the car industry is very much like that as well So to be able to do that Is a big kudos on your guys as in so yeah, and I was just saying like even going beyond the car industry like this is just part of that whole revival of nostalgia and people You know falling in love with the 80s and 90s culture again and And you know, we're also like it's almost every other month I'm seeing the delorean featured in a prominent music video or Having a cameo in a movie or you know referenced by Yeah, a famous person on Twitter or X and It's just sort of featured in memes. So it's just having a moment right now and I was so thrilled and excited about that You know, it's interesting That was one of the things also that like we Had a meme post a while back where we said You know fiat where we're going we don't you know, we don't need fiat We had done a post from the like on handle with that And you guys that responded to that you liked it and Obviously, there was no connection at that point But there was some pleasantries that went back and forth and and That sort of sparked this interest to see if there was anything We could do together and so Yeah, and I'm just so excited that kind of snowball to this yeah, you know as We've been bringing the delorean brand and IP into web 3 Like you know to be honest with you. It's not an easy industry. I like web 3. This is You know, it's a challenging space and you know seeing what like coin has been able to do and thrive And as you say coming up to 15 year Anniversary like that is Inredible in in this space and such a new industry you guys have been around for so long and still so relevant as You know, I'm just as excited to To work with you guys and so much we can learn from what you guys have done to trailblaze in this industry I agree and before we get into some of the details that were in the um That were in the article and the the PRs that have gone out um Just want to just want to sort of highlight One other aspect of the war in which is you guys is token Many times I mean I'll be honest with you when I hear the term token or whatever I sort of cringe a little bit But that's because I'm a purist in the cryptocurrency part of it, right But tokens do serve a very strong purpose when they're utilized properly Uh, and that sold is something that they're not and I think you guys You're token. I think you guys have done a great job of trying to actually bring utility to the token itself and and using it as a means to order the actual you know New car that's coming out and so before we get into more of the details of the Of the partnership itself Can you sort of explain how that came to be what the thinking was behind it and how People are able to actually utilize that that token for the ordering process and just explain the build out because Some people who might not be into cars Too much might not understand what that means Yep, well, you know first before we go into that just you know as you you mentioned the utility of the token We have an amazing staking protocol that we're hoping to launch very soon It's been in the works for months and uh, you know Having to take the time to really do it right along with an amazing governance protocol that allow holders of the tokens to really Interact with this IP and this brand in a way that no one's ever been able to do with a legendary brand like the lorian before And then of course having the token interact with our marketplace So originally we sold the bill slots for the new delorean alpha 5 as NFTs And then once users were able to claim their NFTs and get their placing line We created a marketplace that allows people to buy and sell those places in line utilizing our DMC token or USDC and uh, you know it's If you look at similar to you know what Tesla has done or other companies When selling a new vehicle they take the deposit and then You're kind of stuck waiting for you know seven eight years however long it takes for that vehicle and if you Want your money back decide you don't want the vehicle anymore It's a very difficult process to navigate and you by having our marketplace having an open and transparent View of who which wallet holding which slot allows you to You know put it up for sale get out of it or you want the vehicle faster you can move up in line and bid on A slot that's closer to the front So this is something like that haven't really seen done before and then I think this is You know, we had the big NFT boom a few years ago like This to me is how NFTs should be utilized and I think people have yet To really come to terms with this being the future uh, you know, but I think it's gonna have it stay in the sun and uh You know a lot of people got burned in the first speculative NFT boom But I think that the next round is going to be you know real utility real value for these NFTs So if I understand this strictly also Right like one of the The things about this when you're trying to tie it to a real world asset like an actual vehicle or whatever I know so I'm big into collecting but mostly sports cards and things like that It's gotten to the point where people are storing their Threated sports cards with the grading company right the more or less some other third-party service where they don't ever actually see the card itself All right They can they can buy it they can sell it and it never moves out of the warehouse wherever it's at right Is this going to be sort of like similar to that where like if if I'm just a collector of cars like say I'm Jay Landle and I want to do Already an alpha-fi or something I could probably have it in my garage where the other 150 year hover mini Has are or I could probably In theory is this tell me if I'm correct. Oh, but you can yeah, so yeah I sell the car, but the NFT goes with it or something like that Yeah, so in a situation like that you could definitely you know do a deal with a free port You know when we were talking 2049 last year we had a chance to experience the free port in Singapore And see that you know such a great place to keep whether it's arts Collectibles and pristine condition temperature controlled I think it's like a Like a bunker So it's probably like bombproof and all that stuff and in that vehicle We're however many de lorians could stay in a space like that And then that NFT could change hands multiple times to various different collectors And then when someone decides I want to take delivery of that car and register it in their country Then they'll be able to accept it at that point So we definitely anticipate that there'll be quite a few cars kept in that sort of way Hmm Let's see lit me on my see a couple lit me embers out there's as tech Few others you guys are taking notes right So anyway, that's um Let's move on to the actual agreement itself right Um from the From the foundation side. I think one of the big draws for us was the ability Obviously, which is what we push a lot for the narrative of like going is to have payments available So people being able to purchase this new alpha five