 Hey everyone, what's up? It's your girl Rachel here. Thanks for joining us today today We've got an awesome AMA as usual and today. I'm speaking with Elliot Hill He is the head of communications at Occam Phi. Hi Elliot. How's it going? Hey Rachel? It's a pleasure to be here I love that little intro that you guys have got we need to get something like that at Occam Phi Yeah, yeah, we're good with our intros Elliot thanks again for joining us today. We're all really excited. You're here I want to remind the audience please send us your questions in the chat Elliot is here to answer everything for you guys during this time that we're chatting But before we get started Elliot, I'm going to ask you a question. What is Occam Phi and you know the goals behind the project there Sure. Yeah, that's a great question. So Occam Phi is a whole decentralized finance ecosystem built for Cardano So we have three core verticals The first core vertical is our launch pad So it's a decentralized launch pad that launches the most promising blockchain projects launched for Cardano We have the accelerator incubator program, which we'll get into a little bit later But that's essentially like an accelerator for brand new projects building in the Cardano ecosystem And we also have our Occam Xdex which will bring on parallel liquidity to Cardano native tokens So a little bit like uniswap functions for erc20 tokens We're going to play that role within the Cardano ecosystem for Cardano native tokens So I have these three main product verticals. We've been launched since around april 2021. So we're still fairly new Um, it's been a really eventful year. We've had loads of successful idos Um, and we're just getting ready for the launch of our of our decks, which I'm going to talk about a little bit later on in the interview Got it cool. Thanks. So there are three different verticals here. So let's first start talking about, um, Occam razor So what is this and why is it important? Yeah, so I think like, um, we've sort of had this evolution of of launch pads and and how we start crypto projects um, so just for people who may be aren't necessarily aware of what an idea is Um, so we had back in 2017, which is when I sort of entered the crypto space The rise of the initial coin offering And initial coin offerings are really interesting for a number of reasons They bought in new ways for projects to raise funds And so they were like a traditional IPO like an initial public offering that a traditional company would do with stocks Except it enabled companies and crypto projects Which maybe wouldn't have found funding through traditional vc routes to raise funds directly from investors The problem with this fund raising model if anyone watching is is, um, you know, long enough in the tooth to remember 2017 Is a lot of these projects would actually turn out to be, um, you know, less than honest There was a lot of, you know, scams in 2017 a lot of investors Investors got got burnt a lot of the project teams would just basically take the money and run And so then we've had this this evolution of of fundraising So we had the security token offerings, but again, they had to comply with like very rigid securities laws and That's been a problem particularly in the usa with the sec and now we have this This new fundraising method, which is initial decentralized offerings So the initial decentralized offerings or idos come through a launchpad like ochre So we do all the due diligence on projects who make sure that their teams are legit We make sure that they have technical audits in place That they have, you know, robust smart contracts on which they operate or robust technology And we also make sure that they're going to have some longevity in the space Um, so we take on some amount of counterparty risk in how we deal and do our You know due diligence these companies that we launch Um, but then we reduce the risk to our participants So any project can apply to do an idio through us Um, they make the tokens available for sale on the ochre and razor launchpad Um as a cardano based launchpad and as we have links with ihk through their cfund And a mergo who won the founding entities cardano We do have a mandate to only really launch Projects which have a clear view of what they're going to build on cardano. So we've launched around 18 Maybe 20 projects to date this year We're averaging now around four idios per month and all of these are projects that have some Plan and their roadmap to build components out on cardano So it's a really exciting time and um, we've launched some great projects Like adana who um, you know, a really big defied protocol building for cardano We launched defyre which is like Order rooter decentralized order rooter rooter like changely and they're actually backed by changely and a number of other projects which Yeah, it's been very exciting And we've got some great projects coming up as well We've got starly who are like an nft back project and they're backed by animoka brands Um, and we're also about to um to announce arena as well Um, and they're gonna idea with us Early in the new year. So yeah, we're really excited for for what's coming up on the launchpad Cool. Yeah, that that sounds awesome So ackham razor sounds like a really good platform for companies wanting to do idios within that cardano ecosystem Now, I know ellie yet that the ackham x decks is launching soon Um, can you provide more details there? Yeah, it's a really good question. So the ackham x decks And maybe again like just before we did some background on dexes. So dexes are needed because Centralized exchanges, you know, such as the likes of binance. Obviously, they do have a dex component But a centralized exchange often, you know, there's a lot of hurdles required in order for like tokens to actually list there Usually tokens have to have a certain amount of token holders or Or they have to pay a fee to list whereas decentralized exchanges allow any token that launches on top of a protocol The supported protocol to launch and find instant liquidity for their token So as I mentioned briefly before we've got uniswap for ethereum tokens Which is obviously like one of the de facto decentralized exchanges and probably what most people think about when you hear decentralized exchange And we've got pancake swap for binance smart chain So We're going to be like the uniswap or the pancake swap for cardano So cardano native tokens were introduced through the through the mary hard fork Last year on cardano So it became possible to mint native tokens like you would mint the rc20 tokens on ethereum You can mint cnts on cardano now and they're going to have a role in the defi ecosystem on cardano and they already do So we're really excited to help these tokens find liquidity There's a number of other dexes that are building on cardano and you know some of these quite interesting But we're really looking to become like a complete solution whereby You know projects can enter our ecosystem through accelerator. They can get funded They can come through to the ockham razor launch pad and do a successful idea with us And then they can find instant secondary market trade in liquidity on the ockham x dex So we're going to have like this funnel for new projects building on cardano Which is why we call ourselves a complete defi ecosystem for cardano So we're really excited to see how this evolves and how projects come through and find liquidity on the dex Got it. Yeah, want to remind the audience. Please send us your question questions. This is really really interesting elliott Are you able to hint as to when the ockham x dex will launch Yeah, absolutely. I mean we're gonna I'm gonna deep dive into it a bit later I know that we've got some some questions lined up around milk meter So that's going to be in q1 2022. So just around the corner Um, we've always said since we launched well since we announced that we would launch the dex We've always said that we were going to make a mlp rather than an mvp So we're going to make a minimum lovable product Um, we really do want to get it to the point where it's highly usable Where we deliver on everything that we've we've promised for users Um, and obviously that means, you know taking some time to to reiterate what we've built Um, so, you know, we've released a couple of demos on what the front end interface will look like We've got the landing page set up and we've also we're going to have a public test net very soon Um, so yeah q1 2022 is the the tentative day at the moment Cool. And then how is awkham x dex different from other? Decentralized exchanges out there. I know you mentioned that there are a few others that support cardano. So how is this one different? Yeah, so I'd say that ours is different by virtue of the fact that it's also attached to the launch pad as I mentioned before Um, so rather than like trying to get, you know tokens to come and list and people to provide liquidity We'll be in that unique position to just take the the tokens that launch through our launch pad Instantly list them on awkham x dex to provide instant liquidity for the projects and also as a feature of that We're going to enable liquidity provision within our own interface online So our users and holders of the ocx token, which is the token that powers out dex and also holders of the occ token Which is our awkham razor token can go and provide instant liquidity to these new projects that launch on cardano So we're going to have a range of liquidity mining incentives and that's going to be like a self Self sustain an ecosystem within our own awkham suite of products So I think that you know, obviously there's there's first mover advantages And then there's all sorts of advantages on UX and UI that we can bring and our advantage is the fact that we'll We'll have this end-to-end ecosystem Where we can take projects from a very early stage all the way through To find in liquidity and a secondary market trade and ecosystem Right that whole end-to-end ecosystem is so important here. That's that's a really great differentiator I'm going to take a quick question from an audience member. Lewis is asking How many incubated projects can we expect on quarter one 2022? Yeah, so the first uh, it's a great question the first project that we've been incubating that is going to launch in q1 2022 um, it's starly so as I just said they're like an nft protocol Um, but they've got some really big partnerships already. So they're backed by animoka brands Which is one of the biggest vcs in the space? Um, and they already have some like class acts on board um, some of the other incubated projects are arena Um, so actually it's a bit of a spoiler for our community. I realized there I had I had leaked a little bit of news. Um, so any of our community members watching this We're going to have a pr tomorrow about arena doing an idea on our platform Um, but it's a great great way to announce it here on on coin telegraph. Um, so arena as we mentioned last week We have a partnership with so that one of our incubator companies. They're going to be an esports tournament blockchain project Um, obviously esports is super hot right now. We actually just launched another cardano esports project Um called cornucopia's we were one of the launch pads they used to to launch And so esports that's one of the trends we're seeing right now in the market is esports is becoming incredibly hot Um, and a lot of esports brands are, you know now looking, you know, they've been in maybe stealth mode and they're looking to launch Um, you know, they're they're like, uh, either esports marketplace or esports platform or something like that So arena we're going to be one of those projects. They're an incubator project and another esports company as well That is going to launch Hopefully q1 2022 next year is uh, coliseum. So we actually announced these a while back But they've been getting ready and building their components out. Um, so they've got a Really cool Platform which is actually linked to one of the games they've already Developed and has a million downloads on the android and ios stores and that's called contest of heroes So we're really excited for them as well. And then just thinking about some probably our, um, you know last Occam accelerator project We had centurify Um, and they're like a ticket and platform Um, so they move tickets for like events onto the blockchain Um, so you can like have programmable, uh, smart contract interactions with like a ticket for instance Uh, so it stops like hawkers and resellers From profit enough tickets. Um, and we also had meow swap last week which are an early like simplistic decks for cardano Cool. So you mentioned a few, um, interesting use cases like nfts and esports Are there any other projects that you're seeing that are making really good use of the cardano blockchain? Yeah, so i mean obviously nfts and esports are the big ones now, so just We don't have any affiliation with them But um one of the projects which you know, i've been following quite closely Um, and they recently like uh pretty much broke the cardano blockchain where their nft min is is husky Uh, so they're like, um, I mean obviously charles huskinson founded cardano Um and husky a little bit of a play on words on charles huskinson and uh husky the dog So they had like a an nft min Um, and they've also got husky tokens. So that's pretty interesting. Um in other you know other projects that are building on cardano Um, there's just everything you would typically find on ethereum Um or on you know avalanche polka dot is now being built out for cardano So all of like the defi apps all of the yield generating protocols all of like your compounds and your like uniswaps They're all at the point where they've been built and developed for cardano um, so I mean we've got all of these projects that are you know, I guess Tried and tested but what I always say is Because of how cardano is implemented So it's built with plutus smart contracts which are based on the haskell programming language Um, we've got this real opportunity in the cardano ecosystem to build things very differently So we can build things in a way more secure manner Um, and I think that's what we're seeing and we're seeing a lot of and and we've been you know, um on the receiving end and not in a bad way and Maybe some people can watch in this will uh see how it relates to current events The cardano ecosystem is is very exacting in the standards of what they want built on cardano, which um, you know I'm mechs cardano foundation. I used to work for cardano foundation around a year ago And I think cardano is unlike any other ecosystem in that it really demands excellence Um, and I think that that is going to is what is going to set it apart In the long run or probably even in the mid term now that smart contracts are here Um is that the cardano ecosystem always demands excellence So even though the d apps might look the same as what we've got on ethereum or what we've got in polka dot or avalanche I think they're going to be much more robust. I think they are going to offer cheaper transactions Um, and I think you know in time they're going to become like the de facto blockchain based d apps Um, or at least we're going to have a really cool, you know interoperability Uh, you know where people can pour over to cardano and transact cheaper than they could on the theorem So maybe the same d apps. I know we deviated a little bit from your original question there Maybe the d apps will sort of look the same, but I think on the back end They're going to be much more robust. Uh, they're going to be far easier for institutions to trust Um seen as haskell is the programming language that powers things like in flight computers and banking apps Uh in the traditional finance world Um, and I think that's going to welcome a lot more people into the defi ecosystem as a whole Right. Yeah, so that's interesting and we're talking a lot about defi here But we've got an interesting question from the audience Bit donno is asking any partnerships with metaverse projects Any nft involvement for oakm fi. So obviously the metaverse is huge right now. So that that's a great question Yeah, actually, I mean, we have had some metaverse projects that are again, they're nft based obviously nft's the thing now and nft's are probably going to power the metaverse Um, there's no doubt about that Um, but we've had some apply to come through an idea. Oh, can we can't share any details on that just yet? Uh, but we are seeing some metaverse projects in actual fact cornucopia. So I would say is is sort of a metaverse project In that they've got this, uh Awesome really feature rich blockchain world. So they've built like a blockchain game. It's like a farming game You can buy plots of land in it. Uh, they're a super they've got a massive following Um, and it's a really good looking game as well So I don't know if anyone watching is is probably Worked in blockchain or or been in blockchain long enough to remember but blockchain games used to used to suck so you would have like, um It would Take absolutely ages to buy something in game or the graphics or like the actual Playability would be really poor, but you'd have this nft element We're now at a point and I think codano as well is is powering it to some extent because of the fast and cheap transactions Um, where we can make the metaverse accessible and cheap will also offer in that playability So cornucopia does that another interesting project that actually one of our Community managers is heading up as codano warriors. So codano warriors again is sort of like a um, sort of like An old school sort of like zelda handheld game or like, uh, you know, you poke one So it's like a top down a very Japanese style But that's got awesome playability But then it's got nft in-game items on the blockchain And on the codano blockchain as well. So I think that the metaverse is going to be powered you know by Blockchain and buy nfts But in order for that to happen It's going to have to be on a blockchain that facilitates these fast transactions And is sufficiently decentralized so that players know that their in-game items are protected through Decentralization and that scalability that comes with it Right. Yeah, you make such good points. I mean right now. We're hearing so much news about the metaverse But I think what we need people to understand is how this relates to blockchain And how important the technology is here for powering the metaverse because obviously it extends far beyond Just facebook and the social media network. So Understanding what the cardano blockchain's role with the metaverse is is really important Yeah, and I'm way more excited for the metaverse that's community driven rather than big tech moving into the metaverse I mean, um, it sort of feels like an after an afterthought for big tech Realistically blockchain based projects have been doing this since you know, like 2016 I mean the first nfts were minted and like, you know We think it's a new phenomena, but they've actually been around for like four or five years now Basically as soon as they became available on ethereum to mint non fungible tokens. So it's erc 721 I think but You know, they're not a new thing and a lot of projects have been doing them for a long time And you know even traditional gaming, you know, like I mean well the warcraft is that not a metaverse You know, you've got traded of gold in there and traded of items Um, so I'm less excited about uh, you know, and obviously it's great for adoption And it's great if they explore Other blockchain solutions other than facebook libra, which I'm not all that keen on Um, but you know, it's it's going to be really interesting to see I think the community led Metaverse rather than the corporate led metaverse Right for sure and also connecting the digital to the physical world and all of that's going to be facilitated through blockchain and digital identities so I think there's a lot that we've got to look forward to I want to remind our audience. Please keep sending us your questions Um, elliott is super interesting. So just send us those send those Questions our way. Um, elliott. I want to ask you can you share more details about your development on milco? You mentioned it a little bit earlier Yeah, for sure. That's a great question. I'm glad you asked so milco meadah is a It's a layer two protocol for delivering ethereum virtual machine capabilities Um, so the evm is evm. Sorry is basically what powers smart contracts on ethereum um, but also a lot of uh other block chains have basically took that and um, you know copy pasted it sort of and deployed it for their For their block chain. So like binance smart chain, you can use ethereum based tokens you can easily port them over to to bsc Um, and that's why you know, if you've got an ethereum address You'll have the same counterpart address for bsc tokens on the binance smart chain network. This is all powered Um by the evm, but non evm block chains like cardano They're not based on the ethereum virtual machine So although cardano does have some some evm capabilities and they've been built into its roadmap from the start Um, it's powered, you know by the auroboros proof of stake Protocol, um, and it's been written from scratch from the ground up Um, and as such like there isn't that interoperability there between, you know Solidity smart contracts on ethereum and plutus smart contracts on cardano. Um, but if we want that interoperability Um, you know, which is really important. We're seeing now. I don't think there's you know, I love cardano I've been in the ecosystem for a long time, but I'm not sure that You know one blockchain is is going to win there's going to be room for loads of different block chains So we need to focus on interoperability and how these block chains can talk to each other And that's been like a discussion for as long as I've been working in blockchain. How do we promote interoperability? So milkameda are one of the companies working on interoperability for not just cardano But also any pretty much any non evm blockchain And they're built by the guys at dc spark. So Sebastian and nico are co-founders and they were instrumental in the early days of cardano working for amergo Which is one of the founded entities of cardano and sort of like the vc arm and the The the business arm of cardano And so Sebastian nico span off and set of dc spark. They're working on some really interesting projects One of these is milkameda So milkameda would allow us to build out our decks in a much faster way than we could if we were to deploy it all on cardano native smart contracts through glutus But at the same time it also allows us To use aida as the base currency for gas So it's like a wrapped version of aida and it will also allow us to offer cardano native tokens on a decks platform So that you know these projects that are just waiting for that liquidity Can find it through a milkameda version of ad decks So, I mean probably to give some context to this Occam razor as it currently stands at the moment is Is built in solidity smart contracts? So we originally launched on ethereum because we launched pre smart contract environment on cardano So all of our current smart contracts are built in solidity on ethereum We just launched bsc capabilities. So you can also contribute to most idios coming through our platform in binance bnb on the bsc network But then secondary to that obviously we want to start accepting aida because we are like a cardano based launchpad And we want to start bringing utility for aida So when we launch our decks We want it to be a decks for cardano native tokens not a decks for ethereum tokens Not a decks for finance smart chain tokens. We need something in place to to help us do that But in order to scale and make sure that we can bypass the Concurrency problem, which is a big topic in cardano right now We need to use probably a layer 2 scaling solution and milkameda. Let's us do that So we're actually going to have like a really interesting interview coming up with The founders there at dc spark. We're going to talk about this in a little more detail and and then yeah, they're going to help us basically Build out our decks on top of the milkameda layer 2 protocol And then we can take rapt aida and return for You know cardano native tokens finally kickstart some of the liquidity on on top of cardano Cool, awesome. I'm going to take a quick question from the audience. Louis is asking I'm currently staking occ and was thinking of Was thinking of providing liquidity. What's the benefit of doing so? Will liquidity occ count towards ido tiers now? I'm assuming occ is is the outcome by token Yeah, so occ is our native token for the Occam razor launchpad. It's a really good question. Louis, so There's there's two different like Like two different things you can do at the moment with occ tokens So you can stake them for participation in in Occam razor idos and obviously as you know because you're asking the question The ocam razor idos require you to stake a certain amount in order to get into the tier and enter into like idos throughout like Like a draw system And we have five different tiers and then there's providing liquidity So liquidity will offer a much higher apy return than you would get on staking if you just staked your occ tokens But they don't count towards ido tiers So any tokens that you Basically, you would have to exchange them on uniswap for liquidity tokens So there'd be uniswap liquidity tokens and then you state those uniswap liquidity tokens within launchpad To provide liquidity and at the moment we offer liquidity on a number of like trading pairs So there's the occ token that you can provide liquidity to we also do it for defy fias And you know any other accelerator project that comes through our launchpad. We also offer a liquidity mining as a service there However, what I would say is every single ido that we do We randomly pick from the pool of liquidity providers And we'll pick usually three or four depending on how many participants and how many registrants are In the ido we'll pick three or four maybe even five liquidity miners at random And promote their address for an ido So basically although Although you you know, it doesn't count towards your tier You can still sort of increase your chances of getting selected by providing liquidity So I would say if you were thinking about doing that is say keep the minimum number of occ that you need to get into at least one tier So that would be 150 occ You can keep that on stake through razor through our normal stake in contract And then you could use the rest of your occ to provide liquidity And then you would have you know increased chances by potentially getting selected through the liquidity mining draw And you'd also have enough occ left on state to be in in a tier for for participation Awesome. That's a great explanation. Thanks, elliot We're getting a few other questions for the audience So I want to remind you guys send us your questions and I'm going to take another one really really quick Bitdano is asking will we be able to bridge from other chains? From other chains directly on to ocum decks and when I mean you talked about this interoperability So you just want to add to that Yeah, sure. So we just announced the partnership with with ever scale There was a few things going on So we haven't really had the chance to talk about what that's actually going to entail at the moment So ever scale is like a layer another like a scaling blockchain so they offer Their own blockchain which ports into loads of different blockchain protocols And through that you can swap tokens in an interoperable Manor and and we're going to basically link ever scale and The decks that we build on milk amida to build sort of a bridge So you can move tokens in and out of that bridge And I don't know if anyone watching this remembers our early cardano to aetherian bridge It's going to be similar to that in that you can You know take cardano native tokens And then sort of wrap them on milk amida and trade them through A bridge and then you know trade them through the decks and then move them back to the actual cardano mainchain Through the bridge But we're also looking for ways through ever scale to make that functionality available for like say buy that smart chain tokens Or aetherium tokens. So you could take like an aetherium token Wrap it on cardano or something like that trade it on like the milk amida layer two based decks And then swap it out. So yeah, it's going to be like a Bridge functionality and that will eventually extend to other block tones not just cardano. Yeah awesome Let's talk a little bit about this incubator program. You mentioned earlier elliott. So it's called Accelerator. Can you go into some details there? Yeah, sure. So accelerator. It's a play on words. So we've got It's the Occam accelerator Accelerator And basically what we do is we make funds available And also support for like really promising projects building on cardano So we have like a few different types of projects that that come to us and approach us to idio So some of them they're really a long, you know, they're really down the line with their development So they might even have all of you know, like a fully working project A fully working product. Sorry And they literally just want to launch a token through us a good example of that would be open rights exchange So they had already been going for three years before they even thought about launching the token And they approached us and said can we do an idio together? They had idios signed up with a couple of other launch pads Or our dana as well. They already had like a massive development team They've built loads of really cool components. They just wanted to launch their token With accelerator what we make available is for Maybe small dev teams or even individuals who have a really great idea to build on cardano But perhaps they don't have the technical know-how or the capacity to say Build out all the the legal requirements that come with establishing a crypto company Or getting the communications guys on board or getting the market and set up ahead of their idio Or maybe even if they need a little bit of help with development So we can help connect the dots with the people who they need to actually take and elevate their project Or we can like you know help them with get set up in a legal jurisdiction that sort of thing So if you're small like for like small dev teams or you know, maybe you're an individual who's a developer And you've got a really cool idea that you want to see built on cardano Or perhaps you've come through so I'll just maybe give a brief background on it for watchers who aren't cardano natives. Um, so cardano also has this Like similar. It's like an incubator called catalyst. And that's a community led Decentralized governance and voting platform So the community can actually vote using their aid of stake on which projects get funded So this funding can be quite significant if you get voted on through multiple voting rounds But if you've you know had a little bit of funding through catalyst just enough to validate your idea Um, so you know that it's a good idea because it's been voted on then you want to take it to that next level Then you can contact us at accelerator Apply to become an accelerator project And we'll help you with all the next steps So we can take you through from like inception just a good idea with some validation All the way through to a successful launch and we've done this so far with Defire they had quite a good team behind them But they needed just that extra step to come into the cardano ecosystem, which is where our expertise lies Um, we've done it with theos which was an an nft project that's one of the first projects to launch with us Um, we've you know bought centurify who I spoke about earlier Um, yeah, and a whole host of other projects have come through as as accelerator partners Very cool. We're getting a few more questions from the audience So I want to focus on those real quick and just a reminder keep sending us your questions Deca was asking a really good question He's saying he's asking Ackum was among the first to claim to solve the concurrency problem Was it solve yet in-house devs or through a partnership with milk amida? Uh, yeah, that's a great question. Yeah, so I was hoping we could talk a little bit more about about concurrency So milk amida are going to help us to launch, uh, you know More quickly than we would have just by right now our own Put a smart contracts and deploying that entirely on the cardano main chain That is absolutely still one of our core goals. So the concurrency problem the concurrency solution Um that we showed on our youtube that was developed entirely in-house by our own devs We're still working on that. It's still going to be a core part of the Ackum x-dex But this is sort of like a the partnership with milk amida is just to bring it here quicker So it'll be fully functional and it'll be fully scalable. So just to give some context To those watching who maybe don't know so cardano is built on a utxo transaction model So just like bitcoin, um is utxo unspent transaction um model uh, so is cardano, which is great because it It introduces a lot more user security and fund security Um, there's absolutely no risk of double spend Um, and also it means that tokens that are deployed on top of cardano use the same token logic as the underlying blockchain Which means there's way less likelihood for smart contracts uh to be exploited However, um, it does introduce some um, you know Overcomable limitations to scalability, which when you're trying to build uh dex's Um, which obviously require a high throughput. Um, it does limit how many transactions you can get per block So, you know blocks on cardano Um, we have blocks and slots just like you'd have a block on the theorem Um, and typically with the utxo and on cardano, it's the extended utxo model. Um, it makes it somewhat more challenging to get, you know, multiple transactions through per block um But with a layer two solution like milchimeda, we can take the You know, we can still do the settlement on the cardano main chain Uh, but we can do the execution and the you know, the the actual throughput of the transactions on a layer two So the scalability issue isn't there. We can build a high throughput dex and still offer cardano native tokens for trading However, that said and and going back to uh decos question Um, we are still, you know, our core focus is still building out the components For the cardano main net and as soon as we feel comfortable that we can offer a high throughput dex that's That offers a good user experience And a robust and safe to use Uh product then obviously we're going to launch fully for the cardano main net One of the challenges there has been obviously card because cardano is implemented in haskell Um, and it's got plutus based smart contracts There's not as many audit companies as there would be for say ethereum smart contracts. It's been around for a lot longer Um, but this is becoming less problematic. There's more and more plutus development houses Um, and cardano is gaining in popularity So we're really looking forward to being able to bring these components as quickly as possible But milchimeda is is going to be first so you guys can see the front end of our dex and get good user experience Uh sooner basically Wonderful. That was another great explanation. Thanks, elliot. I'm going to take another question from the audience Bakery is asking can you explain the difference between occ and ocs? Uh, yeah, so it's um ocx. I think he probably meant there is um, that's our like, uh, cardano dex Token so the ocomex dex token is ocx Um, so fundamentally, I mean the difference is that they're for two very different products. So ocx is the dex token that powers our dex It's a bit like the uniswap token that powers uniswap. So it'll be used for cheaper trading fees if you're a holder You know pain maker take fees that sort of things Um, also it'll be used for providing liquidity to projects and you know Trading pairs on the dex Um, and we've also got some other functionality plan for it in the future Whereas occ is the token that powers our launch pad Um, you can get ocx at the moment because we didn't want to make it available for sale And therefore undermine the value of occ. So we moved occ to a deflationary model. We've already burned half a million tokens from occ's circulate and supply And the only way the the only ways that you can get ocx is by staking occ token Providing liquidity to occ trading pairs Holding occ as a codon a native token or by staking well delegating aida to our Occam stake pool But occ is going to be used in the future for the governance of the protocol So we're moving to a DAO based model. We've just introduced stake weighted voting through snapshot So you can use your occ tokens to go to snapshot and vote on proposals Like community led proposals through the occonfide forum um, so any any occ holder can make proposals on protocol level changes Um, and we move those to state-based voting So occ can be seen as like a utility token for The ocm razor launch pad and it also has governance functions and ocx is very much a A dex token, you know for providing liquidity and that sort of thing Awesome, great We've still got a few minutes left So just want to remind the audience send us your questions subscribe to our youtube channel Do all of those things before we in the show here with elliot. Um elliot I'm going to take just one question real quick marcus is asking can you disclose something about your partnership with swiss borg? Sure. Yeah, so swiss borg is a swiss obviously digital asset bank Well digital asset app sorry Um, and they're one of the largest digital asset apps in the in europe Um, I think they are like moving into the american market. So maybe some of the the uh guys across the pond will be familiar with them um, so So like uh swiss borg have listed occ So there's trading pairs available there. You can buy occ through the swiss borg app and also you can We're going to make available certain um certain Components of what we do and I can raise a available through swiss borg It's still early days, but the plan functionality and integration is that you can essentially um Participate in idos through ocm on ocm razor through the swiss borg app You would still need to hold the number of the occ native tokens Um, but it would remove the need for interfacing with web 3 technologies So right now to participate in an ido on ocm razor. You have to use metamask or you have to use um metamask for buying on smart chain um By uh through our partnership with swiss borg We're hoping to provide a way easier way for maybe people who are Uh, you know less tech savvy or they don't want to use web 3 technologies because it does come with with some risk You know the slippage and uh, it's hard to get the cash prices right and that's something And so we would remove that hurdle for users and they could participate in idos directly through the swiss borg app Um, so we're really really excited to work with swiss borg. Obviously the first uh thing that we've worked on is is the occ listed um, and I was also on uh with cyrus there who's a really great guy cyrus fazal um, and we did a uh a pow wow Which is one of his like interviews on swiss borg. So I just recommend anyone went to the swiss borg YouTube and check that out because we talk a lot about what we're going to be working on there Great, um, I think we have time for one last question. Elliot. So mr. Moe is asking can we expect milk amida idea on occum fi? Yeah, I don't actually think they have any plans to do an idea at the moment. Um, we That's not something we've discussed. We've just discussed. Um, you know launching our dex components through milk amida um, as I say, we're going to have like an interview with with Sebastian and nico there Um coming up very shortly So that's hopefully going to expand on a little bit about what we're doing together But at the moment, no, there is no plans for for an idea Okay, I'm going to take one last question because we've just got so many coming in Um, and then and then this will be the last question. So thanks again audience for being so interactive with us Um, adamos is asking any plans for making the staking and razor cheaper and more accessible I'd like to add up over time, but the east fees are killing DC aing love the switch to the bsc for idos to save fees for users Yeah, so I mean, this is one of the reasons why we introduce bsc functionality Um, that's just to bring the gas prices down. Um, obviously that was quite easy for us to do because as we discussed earlier our smart contracts are already solidity basis which turn over to another evm blockchain was quite easy um, and it just made great sense because Although we do require users to participate in b&b now rather than than f The gas price is just so much lower and the claim is so much easier that most users are happy to do this We have looked at making the tiers, you know more Accessible we're looking at ways in which we can include token like token holders with fewer tokens So at the moment, it's 150 occ Um, but yeah, we're definitely looking at ways that we can make let other users participate Cool Elliott before we end the AMA here today Do you have any plans that you can share with us about, you know, what's going to happen moving forward with ocumfie? Yeah, so the next major milestone for us Is obviously like the launch of our decks on on milk meter Um, so I would say that's probably the the biggest thing we've got to look forward to at the moment and then um, I've already leaked a bit of news there about arena Um, so we're gonna have you know some more news about that tomorrow as well And a number of other uh idios are gonna become available in in january Very cool. Elliott. Thank you so much. If the audience wants to get in touch with you I know that your email was listed earlier, but do you have a telegram or anything else where they can reach out? The easiest thing would be on twitter by the official like ocumfie By the official ocumfie twitter, so we read all the messages we get there Um, and yeah, you should get a response via that or just at us on twitter Um, so yeah, happy to take any questions Cool. Thanks again, elliot. It's been a lot of fun chatting with you today Thanks again to our awesome audience. You guys have been so interactive and great Just want to remind everybody to please subscribe to our youtube channel We do amas like this all the time. So don't forget to do that and um, yeah, elliot. Thanks again. It's been a pleasure Yeah, thanks very tall. It's been really great talking to you. Yeah, thanks. Bye. Thanks. Bye. Bye