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#1 Crypto Exchange w/ CHEAPEST FEES (COINBASE KILLER) | Okcoin Interview - YouTube
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but you know we have the lowest fees we
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don't charge for earn like we don't make
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a penny off of burn um
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and it's something that
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that's very important to every one of us
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at okay coin is how do we deliver good
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projects for people how do we make sure
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our customers don't get rough pulled uh
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how do we make sure that you know what
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they're investing in is only is only the
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best
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[Music]
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all right welcome back everybody to
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altcoin daily my name's austin here with
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aaron joined by the head of listings and
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community at crypto exchange ok coin
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alex chizik man thanks for being here of
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course guys happy to be here excited to
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do the show now you're just telling us
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off mike that you're a fan of altcoin
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daily i am a fan of walk on daily i
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watch you guys i watch a lot of the
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shows obviously to to get my sense of of
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the industry we won't see
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everyone who i watch but i watch you
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guys a lot a great rundown of the news
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and of the charts all the prices
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uh uh so i i'm a big fan i'm a big fan
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appreciate that man appreciate that for
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sure and our audience knows that ok coin
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is a sponsor of the channel it's a
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global cryptocurrency exchange that has
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the cheapest fees and is regulated in
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the us which i like we're going to get
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to that but first just to start off how
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did you get into cryptocurrency and how
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how did you end up choosing okaycoin
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yeah yeah it's a good question so um i i
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guess i'm not a full og but i started in
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2016. i was at microsoft at the time i
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was on the strategy team i wrote
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microsoft's blockchain strategy as it
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was called in 2016 before that first uh
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big 2017 run
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and
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just like with many other people it
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opened up my eyes to what krypton is or
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what what it could be
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and then went smack into the middle of
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the four wars with bitcoin
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which was uh not a fun not a fun time it
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was i mean it was a brand new asset for
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me i didn't really know what i was
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getting into it seemed promising and
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then this whole
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uh four course happened
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but then rode the cycle up and down took
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a little bit of a hiatus i was actually
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running a different company
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a tech and telco
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marketing company for four years
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and then right around the turn of 2020
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to 2021 i thought you know i gotta come
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back in it's uh it's something that i
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love and ended up coming back in and so
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you know why okay coin
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i fairly well networked in the space and
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um okay coin was this i love building
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and growing and it was this
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amazing opportunity to grow
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something was a fairly smaller u.s
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exchange
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but uh has been leveling up in terms of
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people people with passion for crypto
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and like you said we'll get to it later
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you know we have the lowest fees but
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why do we have those fees and i think
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the why in the in the mission is very
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very important to me it's we really
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believe from our ceo hong feng to our
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cmo hyderafee to all the people in
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leadership we believe in crypto for all
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and kind of crypto for good and so what
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we're trying to do is
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bring to market
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very unique good projects good tokens
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first to list assets that will help
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our customer base not only invest in
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crypto but experience crypto we can
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touch upon that a little bit later on
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how we differentiate but you know we
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have the lowest fees we don't charge for
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earn like we don't make a penny off of
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burn um
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and it's something that
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that's very important to every one of us
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at okay coin is how do we deliver good
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projects for people how do we make sure
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our customers don't get rug pulled uh
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how do we make sure that you know what
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they're investing in is only is only the
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best and when i talk to the team
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it's also a very very collaborative team
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all ideas are welcome it was just kind
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of uh i don't want to say level first
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sight but it was definitely a match and
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i'm very happy to be here well
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let's piggyback back off that and just
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jump right in now like for somebody who
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may have just gotten into cryptocurrency
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in the last few weeks very new
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what is okay coin how's it different
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yeah so look so we have the lowest fees
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you know we charge on on the spot
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markets uh every exchange every exchange
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to give you an ability to really four
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things deposit withdraw buy and sell
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various assets
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we
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they're in two markets spot and kind of
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quick buy quick buy is what you do in
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the app think of it as uh you know for
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our competitors of coinbase coinbase and
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coinbase pro and so on our spot markets
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we have point one percent fees which is
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by far by far the lowest in the industry
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especially from a licensed exchange
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perspective
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so that's you know part one part two is
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we try to make it again really really
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easy for people to
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buy
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hold stake
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get rewards whatever rewards we get from
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like a compound or urine which we use
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for uh some staking we just pass on to
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our to our consumers we're really in an
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on and off ramp uh a ux for people to go
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in in to earn
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um and we were constantly reinventing
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uh the app uh and the website so we've
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gone through a rebrand recently
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we have uh probably weekly if not daily
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product meetings about what can we do
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better how can we listen to the
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community better and frankly part of my
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job is to find those gems right so
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everyone ultimately wants to come to an
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exchange to invest money and see their
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their hard-earned money growth
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and so my job and why again i got
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excited to come here is to come to an
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exchange uh and to be able to deliver
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very unique
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very small gems like a miami coin for
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example that we listed very recently and
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there are now rumors and actually
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republic rumors of a new york coin um
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being forced to list to bring axey and
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smooth luck potion to the us uh where no
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other exchange listed both you know it
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was very important for us to list both
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of those tokens for the same game we can
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talk about that bringing things like
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star atlas an incredible metaverse
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project uh the first list in the us
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uh we were one of the first it's not the
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first uh to bring avalanche here
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um
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the only exchange to bring stacks which
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is a smart contract player on bitcoin so
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we we really want to just
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highlight
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find highlight and bring amazing
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projects to our to our customers
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excellent and like you said you're one
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of the first to list miami coin and
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possibly new york city coin
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what's the thought process behind that
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because a lot of people are just you
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know they've heard about it but they're
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not really sure what it is
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yeah it's a great question the first to
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list so um for for your audience members
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don't know how it works so you know we
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can break up the world into two bitcoin
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and you know smart contract platforms
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more or less i mean it gets much more
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complex but let's just make it simple
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bitcoin
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doesn't have or didn't have a smart
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contract slayer at scale the first one
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was stacks and so we are also very
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bitcoin first
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and so we believe in all projects but we
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we recognize you know what made the
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change yeah that's right that's right
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and so it was very much bitcoin right so
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we want to we support bitcoin devs we
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donate a lot of money to bitcoin
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developers and that's
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all under the hood we don't really go
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out and and talk about that a lot but
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again you know bitcoin is very important
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to us and so when stacks came on board
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uh or or was coming up we had to list
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stacks when even team and we're very
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close to the stacks foundation so what
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does stacks do stacks creates a smart
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contract slayer on top of bitcoin
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off of stacks
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and uh come look at us we're gonna
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there's gonna be some actually a lot of
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exciting cool d5 projects coming off of
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the stacks uh ecosystem that we're going
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to be
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looking to list let's let's put it that
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way for not to give too many alpha leaks
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away to uh to your audience here but uh
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when we looked at stacks we said wow
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this is an incredible ecosystem it
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extends the use case of bitcoin what
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else can we do
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miami coin came along and so what miami
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coin is it's a way to re-engage or
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rethink civic engagement and so you mine
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it with stacks and as the price goes up
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of miami coin it's it's an open protocol
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it was open mind like bitcoin there's no
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essential party in it uh there is no
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real essential there's city coins but
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they mine they get their liquidity by
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mining it just like you would i would
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anyone else would so it's a complete
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open ecosystem
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and so thirty percent of mining rewards
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go to the city
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seventy percent go to people who who uh
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stack or stake the coin so basically
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with uh miami coin and now new york city
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coin and other city coins you'll be able
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to stake that coin earn stacks stack
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stacks to earn bitcoin so it's a triple
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stacking triple reward system which
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really no one else has
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and well we're working on some things to
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make stacking even easier uh for for our
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customers to make that
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a seamless flow
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but again look it's a very nascent
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ecosystem and so look miami coin is a
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super super super exciting project new
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york city coin will be very exciting as
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well um i actually were filming this at
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november 10th i'm giving away some leaks
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and the first signal to mine new york
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city coin happened today so sometime
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around tomorrow u.s time november 11th
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will be the first open mind of uh of new
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york city coin
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um and it's just why do we list this
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project one we believe in the ecosystem
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and two it's a way to re rethink civic
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engagement and look they made already
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over 20 million dollars for the city of
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miami the mayor is all about it the
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elected mayor of new york
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if they get this all public you can look
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at bloomberg bloomberg is writing about
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new york city coin this is going to be a
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way to bring crypto to the masses from a
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civic perspective the same way nfts
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and the metaverse is bringing crypto to
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the gamers and to the artists and to
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uh and to kind of the masses from a
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entertainment in our perspective
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what do you think are the most important
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things people looking for a
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cryptocurrency exchange to buy sell
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trade and invest in crypto what are the
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most important things people should be
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looking for is it as simple as low fees
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and a lot of assets listed
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uh i think you start there right it's uh
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assets it's uh definitely low fees i
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don't think anyone wants to pay you know
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two percent or so you get on some
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exchanges to to trade
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this might sound cheesy and corny but i
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think it's a little bit of uh of love
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and passion for the space
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i will say that
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i'll let your audience
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take a look on themselves and do your
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own research everyone
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take a look at some of our landing pages
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that we've created for axi for star
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atlas
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take a look at some of the other
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exchanges or what they've done for
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the similar tokens
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now it's a landing page right who cares
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it it's it's more of a it shows
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what we
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think about daily what we care about
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daily
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how we talk to our customers from a
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customer perspective
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right a customer service perspective
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excuse me do we care about the fact that
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they get a good experience and for
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tokens who are listing on exchanges that
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we care about creating promotional
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opportunities for people to actually
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experience a project so for example with
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star atlas one of the promotions that
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we're running is you know you buy a
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certain amounts
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uh we actually just ended this promotion
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but you buy a certain amount is by 60
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worth of star atlas and you get an nft
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in the game
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so why is it important for us to give
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people a star atlas nft because we
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believe that if we bring a good project
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to our customers
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and our customers and experience it in
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it within the game or within the
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platform
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they will see they will trust us to
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bring good things to them and actually
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go and ex and use the token that they're
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buying
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when they do that they will realize
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you know the magic of crypto there is
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something to be said about hey you know
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buying a uniswap token and watching it
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appreciate and then going to uni swap
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and actually using a dex for the first
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time and seeing the magic that uh that
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decentralized finance brings once you do
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that
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you're locked in from a you you can see
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the world you feel that world and we
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believe that everyone should feel that
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world so i challenge everyone you know
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there are other obviously big exchanges
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out there
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um
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you know i challenge people to go and
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look for someone that that cares right
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that wants to bring you solid projects
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that will answer your dms
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you know i'm at mr ebitda hopefully you
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can put it uh put that twitter at the
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bottom if anyone has a question
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ping me i promise you i will respond
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um and and
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it's just the care and the love we show
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to our communities
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well let me piggyback and follow up with
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this i want to encourage our audience
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right now if there is a coin that you
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want to see listed on ok coin exchange
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comment down below
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will you take a look at the top comments
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and see what the community is looking at
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absolutely absolutely i'd love to see
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that
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and i'll promise you this that the top
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coins that are out there will put them
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through the funnel
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where u.s exchange they obviously have
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to be compliant uh with regulatory
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various regulatory issues but if they
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are we will list it
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i love that
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as we uh as we give final thoughts how
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do you see you know 2022 unfolding for
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cryptocurrency and what's on the radar
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for okay coin
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yeah that's a great question i mean look
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where
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2021 is kind of like actually let me go
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back
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2017 and before they had a lot of risk
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so kudos to the ogs that rode the waves
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up and down
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from 2013 you know 2017 and onwards um
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that's that's real belief that's real
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conviction
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2017 had some of that i think 2021 is
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de-risked
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completely the fact that crypto is here
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uh and i think from my investment
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perspective
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2022 2023 in my mind right i don't know
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i don't know anything that's not public
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is the latest before true full wall
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street money that tsunami is going to
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come in and one of the wall street's
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going to come into bitcoin ethereum
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likely some d5
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i do think thematically you know what
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what are we looking at 2022
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i don't know what's going to happen to
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the price we might see a bear market we
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might not see bear market but things
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will endure so nfts
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metaverse right nfts from our
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perspective i think it's they're a
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little bit over
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hyped over overshot right now but that's
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okay every new industry has this
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insanity in the beginning right and then
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it fizzles out and then the the real
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gems crystallize and harden and move on
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but i think the metaverse again look at
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axi look at star atlas
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there's a a really interesting game
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there's another alpha league a really
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interesting game coming out from the
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stacks ecosystem called moonray
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uh take a look at them they're very
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early but they're coming out you know i
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talked to the team as i used star atlas
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a lot because i'm actually a big fan
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i talk to the ceo michael all the time
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uh and i see i've seen some of the
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things they've done behind the scenes
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and that they're gonna bring forward and
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it's just an incredible audacious vision
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and an audacious world so for sure nfts
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and in-game nfts uh so play to earn is
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going to be big i think we're finally
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going to see
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a real emergence of kind of cross-chain
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web 3.
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right so real cross-chain wallets real
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crosstown nft wallets it's hard to
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maintain ft's you know you you do you do
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it on salon do you do it on ethereum
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right do you do it on avalanche
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which which chain do you use which
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wallet has what we're going to see some
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real you know we have d5 2.0 with things
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like olympus dow and wonderland on an
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avalanche
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i think we're going to have a lot of
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cross-chain
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cross-chain integrations and then we're
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going to go into social tokens so theta
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has been around for a while it's coming
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up uh quick shout out to our friends at
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luna crush who just launched their token
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uh if you guys by the way here's another
[1000]
alpha league you know be a pro if you do
[1002]
your own research go to lunar crush uh
[1004]
forget you know buy till the token or
[1006]
not i'm not showing the token i'm
[1007]
talking about the platform itself has
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incredible
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uh incredible data
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in terms of social listening and what's
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happening in the industry that i use all
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the time in my day-to-day to assess
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tokens
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so a lot of social listening tools and
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social tokens are going to come out
[1024]
and i think we will see some sort of
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consolidation of layer ones there's a
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lot of layer ones new ones phantom were
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coming out uh all the time new ethereum
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killers
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and the last but not least what many
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people are not talking about is i think
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this is going to be real
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2022 is going to bring in some real
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smart contract d5 uses on bitcoin we're
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going to see the bitcoin ecosystem
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finally start to catch up with the dev
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tools
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and projects on that and that's going to
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be an overlooked
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area but if you're smart and you're
[1054]
paying attention what's happening on top
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of bitcoin look at stacks look at some
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other things
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you'll be able to catch those 1000x you
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know 100x gems very very early
[1064]
on wow that is incredible alpha
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i love to hear all the the general links
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for ok coin and you are down below in
[1073]
the video description but just final
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thoughts alex for the altcoin daily
[1077]
audience sure guys look i mean you know
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hold on tight we'll go up we'll go down
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uh don't get wrecked you know do your
[1084]
own research uh go to to an exchange
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that cares
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dm me tweet at me you know follow us for
[1090]
some of the things that follow coin
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follow me i think you'll have links to
[1094]
the bottom right of the show in the show
[1096]
notes and yeah top comments tell us what
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you'd like us to list and uh i promise
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you we'll take a look
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awesome man aaron is funny to himself no
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pointing to the comments when aaron's
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getting ready to type one in right now
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yeah
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i love it anyway alex thank you so much
[1114]
for coming on man it's awesome um to
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hear you guys doing big things and how
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you're approaching the space in general
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uh big fan thanks for coming on
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[Music]
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