 Great one digital asset news. My name is Rob and today we got a lot of things to go over first things first Just as the thumbnail and title suggests we're gonna take a look out how X Merrill Lynch chief economist calls for a recession Only a recession but a two-year recession. So we'll take a look at the data behind that I'll take a look at the four-year plan and comparing DCA during these hard times Also, we'll do a quick sweat coin update I know that's everybody's favorite and I'm gonna tell you exactly how much they paid me to talk about That and then after that we'll do a little Q&A, but first before we jump into all that instead of going to market Let's do it take a look at little Bottom and top review as far as on-chain analysis So first things first we did a couple of videos about top callers and bottom callers one of those I really like to see is the MVRV Zscore first of all you probably ask yourself. What is that? It's a great question. So MVRV uses three metrics market value Which is the blue line was the current price of Bitcoin multiplied by the number coins pretty simple Then you have the realized value the price of each Bitcoin one was last moved And then the Zscore that just pulls out all the extremes the data between market value and realized value You can find all of these great Charts and information over at look into Bitcoin comm is a link in the description What's great about this website is that's a hundred percent free So you can check these out every day to your heart's desire as we can see We've were talking about as far as like the bottom parts We may have bottomed around June 13th And we are still in what's called that green Accumulation phase and I always like these charts because it makes it very simple green Maybe you should think about accumulating and red Maybe you should think about selling and of course in this channel. I'm not a financial advisor This is not financial advice, but these are the things that I take a look at for later on down the road When I want to do some things But there is a couple of things that I will make mention of that we did a video on Friday, which is there is a in this green accumulation zone It starts at the zero level and of course as we go down below Once we hit to like a negative point or zero point four two or four zero That's when we're at the absolute low and that's happened only three times and that is in 2011 of course that was the market bottom and in 2015 again below the negative point four this also happened again in 2018 which I think most of us can remember and Unfortunately for this cycle folks in the four-year cycle. It has not happened yet So does that mean that is the bottom has been put in well only time will tell but as far as for me I think there's a little bit more to go and also Another indicator we take a look at the pie cycle top just so you know We are nowhere near the top and I've I've taken suggestions just to remind people that of course the pie cycle top has retroactively looked back in 2011 13 and 17 tops, but it also accurately predicted the 2021 top as well and That is when the 111 day moving average across over 350 day and in that time frame You can see right here that we are nowhere close To do the top I'm gonna start doing more of these so people can I can remind people to check out these charts They can take a look if you want an in-depth Observation or an evaluation of all these charts go to Dan teaches trip calm It is also 100% free and just go down on chapter 3 investing and you can take a look at what I talk Talk about the cycle top callers and the cycle bottom callers and they're all laid out for you So you can make the best decision for you and your financial independence hopefully so that is what we have as far as the top and bottom Let's jump into What I just say today's top story. So this was a it's a pretty good video brought to you By a real vision and Raul Powell I found it fascinating because I feel like these are the types of information that you're going to get from very few people It's a great It's a great YouTube channel. I check it out. The link is also in description But who Raul Powell is is interviewing here is David Rosenberg. You probably ask yourself who's David Rosenberg? It's great question David as The founder of Rosenberg research, but he's got a pretty illustrious career So of course founder and president of Rosenberg research prior to Rosenberg research David was the chief economist and strategist at Gleskin chef and associates from 2009 2019 2002 2009 he was also the chief North American economist at Merrill Lynch prior to that He was chief economist and strategist for Merrill Lynch Canada based out of Toronto or he and his team Placed first in the Brennan Woods survey of Canadian economists for 10 years in a row So this isn't some armchair economists that just kind of you know Peruse is up to every so many shows. This is a gentleman's probably been around for quite some time and It's an interesting insight to what he has to say so I'm gonna play three snippets. I can't play the whole clip It's over an hour I highly recommend that you take a listen to everything to get everything into context again There is a link in description to the video itself, but there's three clips We're gonna talk about first thing to talk about the recession then we're gonna talk about how he refers to people as clowns and how people are just Manipulating data to show that there's not a recession and then I think the one of the bigger things is why people don't call It a recession and why they're so darn afraid to say the R word So let's just jump in here and take a listen. Let me stop this real quick. Let me share the actual tab itself So you can hear it And let me mute myself Well, we are in the early stages of what is probably going to be a two-year recession So that's where I think we are right now and the beauty about this call is that it is Separates itself from the consensus view that we're going to experience a soft landing Or a shortened shallow recession It could be shallow It's not going to be short. That's where we are microinvest So, yeah, so he goes into great detail as to why that is I'm just gonna let you Evaluate that but it's just interesting that a person who has Who has been quite in this in this arena for quite some time lays it out pretty truthfully like that And the big question I have is well, why is there so few people? Talking about a recession in the same way that's being said here by Rosenberg And there's a couple of clips and I'll play those the next one is about About a minute long and wonder if that's about a minute and a half. So just take a listen to these two as well pop of that It's funny and it says basically let's face it. Well, we're in a business where Optimism he wins over pessimism 90% of the time and then it doesn't 10% of the time and you have these economists and look I spend most of my life on the sell side What they like, why would you why would unless you hate your job? Why would you jeopardize your career by making a recession call? You know, I got I saw I know I saw Brian Moynihan on CNBC today talking about how great the economy is if I was still at Meryl, well, I guess it's called make America now. I don't think I'm not gonna I'm not gonna go against the CEO. Oh Everything's just great back to back quarters and negative. Oh, don't worry It's only inventories and it's only consumers spending on durables and it's only housing and it's only catbacks Don't worry about it Hey, listen Dave question Inflation, right? Yeah, exactly. Don't worry about it. Don't worry about it. It's okay And then the next question I have is if it's so clear to To this gentleman here. Why is it that no one really talks about and that's the next part of why people just kind of hide The information and it makes a lot of sense if you think about it and don't just think about who he's talking about here But think about the people that you listen to Right now in the in the media arena. So let's take a listen to this But it come on Raul. It's hilarious, you know, the yield curve in verse I actually wrote I said here's my forecast for the year when the yield curve of verse the mass the the Intelligency is gonna say ignore the yield curve. And so Pell gets his economist find me a part of the yield curve. That's not inverted. Oh, well, what do you know? It's the three month 18 months out and okay, that's great. That's not inverted. Okay. Oh, that's great No, the yield curve is not inverted. I said they're gonna dismiss the yield curve It's got an 85% track record, but we'll ignore and then I said I said yet again I said when we get back to back quarters of negative GDP These clowns are gonna find a way to say that's not a recession. It's not a recession I'm not gonna say who there's a an anchor on bubble vision who said I'm gonna wait I'm gonna wait for the NBER to come Off to the recession. Gee. Thanks. Thanks for do you know that if I went when I was at Merrill and I went to the bond desk And I said I'm gonna wait for the NBER you know, I think that well, I probably would have been killed and You know the thing the NBR the NBR told us that the recession Started in December of 08. Thank you. Thank you. It was 12 months old, but the recession is here Thank you very much You know, you know historically historically the NBR the NBR tells you we're in a recession When we're already seven months knee-deep in it So there you go I mean there's a reason why people like to say the R word the recession people don't like to say how you know this Bull market or as bear market is will slowly turn into a bull market quickly and there's a reason why people are so positive in different respects is because It's a jeopardizes their career. So unfortunately or fortunately, I guess Or wherever you listen to even myself include just ask the tough questions because at some point you have to say to yourself Is it really gonna be that great or that easy me? I'm in the thinking that things are gonna be rocky for quite some time and I'm okay with that and if I'm wrong I mean great I'm wrong and everything is rainbows and butterflies and things great Over when I take a look at all these things. I just look at it and say to myself. Well Honestly, I think I'll be okay in the long run. So when I take a look at The different parts that are going on I take a look at the recession and as far as like a two-year recession It makes a lot of sense especially with I mean we've been talking with this for quite some time now the economic recession for GDP based as Recession has been defined by most as two negative quarters of back-to-back GDP and We can take a look at that and say yeah, this looks exactly Like what we had before but the thing is is that recessions again, they don't last forever Usually last about two years year and a half two years last one 19 one at the last one One that goes back and as far as like the the Fred economic data Look at 1969 1970 about two years here about two years year and a half roughly year and a half and a three quarters 1990 where we go 1989 1991 about two here was a very short one 2001.com bubble burst not too bad And of course the big the great recession 2007 2009 and now here we are this was of course because of the pandemic and and if they updated it See we'd see that there was some negative GDP growth and there it was So if we have it for two years, is that the most awful thing of all time for some people It is the ones that aren't ready the ones that don't understand the ones that are like what happened I invested in what all my money went to so for us If you're here now, you're listening to me All the tourists that were here That during the bull run, they're all gone because they don't understand the whole thing about cycles They don't really understand about just having the patients investing and just the ups and downs and they can't take it It's like Good quote words Says that hey everybody's got the stomach Everybody's got the brain power for her to invest but nobody or very few actually have the stomach and We take a look at this we understand that well kind of fits into the four-year cycle theory, right? Like we're always talking about and for crypto everything kind of Or works out with that and it all kind of bases on the having event And of course if we have in like a two-year recession, this lines up perfectly exactly how things are this one first one 2012 2015 and we have one through the 16 to 19 now our most recent one 2020 there was a Bitcoin having we get an all-time high just like we did before and before then and Then we go through a dip which we're going on right now Then I think it was more of a downward slide towards the end of the year Maybe in 2023 and if we're going into a recession or we are in a recession over the last for two years Well, that's 2023 and 2024 what happens after that? Economic boom all-time high 2025 and it's the same thing that lines up over here Look what happens after a recession GDP increases and we have a robust or an increase in GDP and a more robust economy Those happens and those last for much longer than recessions. The last one was over a decade So when I take a look at this, I'm like that is great. So the next question that would be is Well, how does this all work out? What am I gonna do during this time? There's two things first of all I always talk about dollar-cost averaging and that's great. That'll tell you I mean again Not financial advice is what I do. There's a plethora of different things you can do You can trade you can go you can try to leverage you can sell your house and gamble. That's fine That's not the channel. This isn't the channel for that. There's a tons of channel that'll that'll lead you to ruination doing that but I'm just a little more safer person and you don't have to do this is what I do But if you dollar-cost average is a great website DC a BTC com lift I linked in the description and You have to remember first of one first first things first is that the dollar-cost averaging is great to understand how to buy and Sustain but it does not really teach the whole aspect of selling and selling is a whole art in and of itself There's different things you can learn and take a look at again Technical analysis take a look at the market cycles. You can also take a look at just on-chain data like we talked about in the beginning Which is why I talked about MVR VZ score pie cycle tops And of course the top calls and bottom callers and all that good stuff But if you take a look at dollar-cost averaging again just to buy doesn't we tell you Doesn't tell you great information is was when to sell And of course some people will say I'm never selling wrong I'm gonna hold on until I die And I'm passing on my kids and then they're gonna die with it And then those kids are gonna die and they're gonna transfer under my grandkids and they're gonna die Hey, if you want to do that have at it. Maybe Bitcoin will be the next reserve currency I have no idea But for me, I'm gonna take some profits along the way because no one broke taking profits anyhow If you just take a look at this DCA BTC send this to all your friends who are into precious metals I own precious metals, but I don't think it's a big Boom to you know make a make massive gains. Maybe I'm wrong But if you take a look at this you can put your purchase amount what I'm gonna do Let's just do a quick example Oops, that's not that's way too much. Let's do it. Let's say you do a hundred dollars every week and You accumulate for one year and you started one year ago That's pretty bad because we're in a bear market and we're actually down 7% Over a year. Well, that sucks. Well, why do I do that Rob? Why do I do that? It's because it's a time game It's a time game. Let's do this Let's go four years and four years. Okay now you've invested $20,000 you put in a hundred dollars every week And you know, maybe some can do that. Maybe some people can't maybe they put in 50 a week or 10 a week I have no idea what your situation is or maybe you put in a lot more. Maybe put in a thousand bucks a day I don't know but the thing is you put in just in Bitcoin you would have invested $20,000 and He would have got back 70 thousand six fifty eight and the percentage hand will be 276 now if you would have Only accumulated for three years and stops accumulating during when we saw the the bear market indicators You'd be up even more 437% That's pretty good. You would have invested 15,000 would had 80 84,000 in the bank If you would have sold and then the one thing I like about this is compared to other assets You can say yes, this will compare against gold in the dollar Just so you know in the middle part here, you're investing the same amount 15,700 dollars, right? but In gold over three years well four years time, I guess you have a whopping 16 percent, which is pretty good Pretty good in three years Yes, but then you have 437 so again It's a it's a good way to take a look at things But it goes even further than that what I want to show you is that Bitcoin's great. It's the safest asset in the most Unstable asset class. Let's be honest, but this is what I did and I invested into Bitcoin Ethereum Cardano and even EOS like beardies always talking about And a bunch of different ones. There's that different cryptos, but some are gonna make it some are but you gotta remember that's For Bitcoin to go up for its market cap. It has to go up for it to double right now. I think we're like a gosh 500 billion, I don't know for it to double the price from 20,000 to 40,000 you're looking at to get to a trillion summer on there Now I'll be more than that actually but as you go down the down Down that pipe and take a look at different projects, you know, take a look at Cardano, I Bought in around right here roughly at the very top 2018 it was about a dollar and then everything sort of slide down I stopped for a while because I was frustrated I didn't understand about darling cost averaging and patience and I thought everything's on a moon because no one would lie to me on YouTube with it and Sure, so what I did was I stopped for a while and then I said, you know what? I'm just gonna keep investing. I learned this thing called dollar cost. I'm just gonna keep going and tell It'll it'll rebound. I think it'll rebound because that's the natural cycles. So if you take a look at this I Started to get back in around February actually around 33 cents And I just kept Dollar cost averaging putting in like let's let's let's do the same thing Let's say like a hundred dollars a hundred dollars per week, right? I got in February And we let's just average it out So here over here. It's like 3rd 14 cents 13 10 cents 8 cents 6 cents 7 4 cents 2 cents. I remember those days. I remember was 2 cents. I was a good days and I just kept buying I'm like, yeah, I'll probably do pretty well. And then when I started let's just pick a point say When did I go below 10 right around here June somewhere on there so in February 2018 to June 2020 that's Two years four months, right? Two years four months. So in two years and four months a hundred bucks per week There's 52 weeks in a year They too many to 104 plus four more months 16 roughly so 100 okay 120 weeks you have 120 weeks of putting in $100 that's $12,000 per month, right? I'm $12,000 over total time. So I put in $12,000 and I was buying it at around Roughly about 8 cents somewhere around there so For every time that I bought I put $100 Correct me in the comment section $100 at 8 cents you get around 1,200 somewhere around there Ada 1250 some 1200 somewhere on there at 8 cents for $100, right? So at the end of all this time two and a half years 120 weeks 1,250 Ada Times 120 weeks that's a 150,000 and then Geez, yeah, 150,000 and then if you would have sold around I don't know $2 or $3 That's a pretty good money, and I know it looks pretty good like this You're like hey at 84,000 here, but again when you go into the more riskier plays I don't know if Cardona was very risky, but As it goes up, I mean you can see that there's much more gains again this is all about risk and how you how you deal with it, but again, this is what I've done and Works out pretty well. I'm gonna do the exact same thing this year and this year I'm just gonna try to be a little better at selling along the way So let me know what you think about that in the comment section and let's go into Next piece is ought to be good Sweat coin and how much they paid me so sweat coin if you have never watched my show I Love that app. It's very simple download the app 100% free just like look at a Bitcoin just like my website and now this great app and You walk and they pay in these sweat coins very simple web two type of thing You don't have to buy an NFT. You don't do all that stuff. Of course You know there's an economic model along with that just like the same economic model that you might see on YouTube right now How does this work Rob? Well YouTube is free for you to watch but you have to watch ads, right? That's true. So sweat coin they have some ads and you can buy different things That's kind of much about how it works. So we did this deep dive and This is me and Oleg on the co-founders and no fear head of marketing and you can watch this video links in the description but What I did was a why I brought in a couple people I got Jess She is the chief marketing officer and a fear came back again talk about sweat coin and what's going on and Before I go that way, let me just give you a little Snip it of what this is all gonna come down to you. Listen to this Could you say that one more time the five of the top ten exchanges? Such and such Yes, I can say that again It's very nice to say it because I know that that's probably you know I've been in this space for years as a marketing person When Binance is probably the question that defines what it means to do community management as a crypto person so we have confirmed listings with Five of the top ten largest global crypto exchanges for listing day one Great. So just so you know That's what's going on with sweat coin. They're gonna have five of the top crypto exchanges What are that we're gonna do a little thing and this is how much they paid me to talk about sweat coin nothing They didn't pay me a cent As a matter of fact, there's a link in the description It is a spreadsheet and I show you how much I paid them And how many tokens I got? in the early rounds So there's a link you can check that out and all those things So it always astounds me like people always they ask the question well, how much they pay you how much they pay much They pay you this isn't 2017 when there's a bunch of dirty ICOs going on and they would say here's some coins and dump them On your community sounds like a great plan for longevity Makes no sense to me if you want to be here for three five ten years like I'm always talking about why would you do that? It's a stupid So for me they said, okay, Rob. Do you want to be a part of this this this project? Yes, I do Okay, well, here's the price as much as you can get here's a cap We're not gonna accept more and here's the lockup of the shelf now do you now for me? I can't touch these sweat coins For a year out and after that it's on a cascading effect for the next 24 months So the first 12 months the first year I don't get paid it I can't even touch the sweat because I pay into it can't touch them now you can get into it now and pay for it right now it's different and That is what it is so what I'm gonna do now is I must there's a it's about nine minute clip of me or fear and Jess and we're gonna talk to you about what the upcoming project is and How things are going along quite swimmingly. So just take a listen to the video As promised I brought in some people that could help us understand exactly what's going on with this sweat token generation events again Yes, thanks for coming in. No fear. Thanks for coming on yet again. I appreciate it guys So thank you, I appreciate so There's there's a couple of things we're gonna talk about just three quick questions first Give us the elevator pitch because there's some people on my channel that don't understand exactly what sweat coin and sweat is Even though I talk about a time I understand I talk about a lot But I am biased because I've been investing into it also Next question is the Dow maker talk to us about the updates of this and how this works between sweat and Dow and lastly What kind of metrics are showing adoption for not just the sweat coin app But the sweat coin or the sweat wallet into web 2 to web 3 so first thing first Actually first things first I wanted to say thanks for helping out me and and some my subscribers For my friend Neville and he says hey just want to he sent me a hundred sweat coins as a thank you for to get them off The couch I said no problem because I said I said to people like this and like look do you do you walk? do you like Money currency if you like both of those things Maybe you should try sweat coin and then they get rewarded and sweat and everybody gets in a little bit better in shape So these are one of those things that I can see it So the first thing I got for you either one can take it is What's the elevator picture? Why would people want to use this? I Think your techs exchanges did our elevator pitch for us in some ways So the whole premise behind sweat economy and sweat coin the app Which has been our baby and our product to date is how do we get the world moving more? And we're not talking palatons and expensive gym wear and you know fad diets The most simplest way in which you can improve your health is simply to take more steps in your day into what the least sexy But the most simple way to do that So the founders Conjected that the best way to give people a behavioral nudge in order to get them moving that little bit more is just Small rewards for movement So the idea of a step counting app was born and in actual fact when the idea started it But we very much had in mind the idea of creating a unit of currency out of movement so having some sort of Tangible asset that could be created by movement But of course the web 3 world although a lot of people were talking about it simply wasn't ready to deal with a mass audience of users That might be generating in that way. So sweat coin the app was born That was a step counting app that was free to download that enable It was it was moved to earn before Move to earn was ever coined as a phrase in fact our slogan was it pays to walk So it was simply can't your app count your steps within the app you to crew sweat coins Which is often termed sort of air miles for steps They grow in your in your in app wallet As a loyalty currency and then you'd be able to spend them on a range of Digital and physical products and services within the in-app marketplace and indeed play games Bid compete with your colleagues or your friends as to who got greater steps and it worked So we've been we've demonstrated the behavioural science works the average sweat coin user of which there are now over 100 million across the world and they move an average of 20 percent more With the sweat coin app than they did prior to having the app So it's been a fabulous success story of a company that's just grown in that way and all the time We've been itching how when can we take this into when three and we've been watching the landscape We've been watching the different players within the landscape and until really the last year that hasn't been anybody Let's been able to work with us to manage the sort of scale of Small transactions of everyday users that we expect to put through a cryptocurrency that would be generated in this kind So we're here now and we're super excited So the the the cryptocurrency that we're launching is called sweat to distinguish it from sweat coins the loyalty currency Sweat has already had 13 million people opt-in since we announced that it was coming in April Okay, and we are launching the wallet Right now that will enable people to actually access their sweat to play with it to stake it and to defy trade it in web3 say Wasn't it a short pitch? It's a pretty good pitch and then and before we go on I will say this as far as like motivating people I can tell you that is a a one key fact because we just got back from New York for the US Open and People were with like do you want to do the uber? He wanted to just just would just walk there I'm like hey, I got it. I got this app and I get paid for it. So I'm not gonna waste it We'll just do that so we have that and then just real quick. Can you talk to people about? The sweat the sweat coin app and the sweat wallet and do they still need to use those both of those things together Absolutely, so the sweat coin app even though it's become a fun marketplace where your coins are crude The actual the most important thing about the sweat coin app is it's it's your movement validator so having the sweat coin app on your device is the very very well invested and Complicated technology that teams been working on that validates the steps that you're taking So as long as the sweat coin app is on your phone your steps are being counted whether the phone is in your pocket On your body in some way So that is a crucial part of the crypto ecosystem that we're creating You do need the sweat coin app in order to validate and count your steps And then the app will give you sweat coins as of now But it will now start to generate sweat for you now the sweat that you get and post tge That will be up to 5,000 steps a day that will be converted will appear in your sweat wallet So the sweat wallet is where your token your cryptocurrency Of the steps that you take will accrue and will appear So you do need in order to access the token you do need to have both of those while it's on your app That's very important. Gotcha. Thanks a lot of sense. All right So that was just and I'm just showing everybody the the new website looks very slick very nice people can find all their information So Jess, thanks so much for the explanation. Appreciate it. Now. Let's get the next one the downmaker. So there's been New updates that are coming on, but I'm really I'm not really familiar with what's going on and the happening. So Ophir or Jesky you guys talk about what's the update and how's this work between downmaker and sweat? Yeah, okay. Well, first of all, I'd like to say that there's been a Postponing I think the TGA was supposed to happen in July and I know you're you cover in your channel the bear market quite frequently So we're reacting to the market conditions, but in terms of organizational momentum and everything We were ready to go two months ago. We just use that time to refine everything we have even further and right now the main place where the public can participate in the token sale before it goes live on listings is the Downmaker launchpad. So the downmaker launchpad enables projects to sell Their tokens to people and one of the hallmark features is that it limits the participation amount to every person around $1,000. So the goal here is to have as many wallets holding sweat not till now, you know, one or two whales by the whole thing up And so the downmaker registration for the sweat sale opens tomorrow, what does that mean? You go and see the sweat page you can register for it and then it's called a strong hold offering That's the downmaker speak for token sale Show in an acronym SHO So the show registration starts tomorrow and then what happens is that people can go they need to hold Dow tokens Which they can buy on a number of exchanges and then they use those to stake in order to hold a position Or and let's call it more simple language have a lottery ticket now There's going to be only two million dollars worth of sweat tokens on sale in this public sale And we know that there's gonna be a lot more demand a lot more interest. So let's say I don't I don't want to give numbers It's irresponsible, but let's say that several times as many Interest then two million dollars come in a lottery system will decide which of those lucky people actually get to buy Sweat and the actual buying the sale itself happens on the 9th 10th And those people get their token on the 12th, which is the token generation event And then the listing on some of the world's largest Exchanges actually more than five of the top ten are going to list sweat on day one And so the listing and the actual public trading starts on September the 13th So that's the flurry of events that are ahead of us Could you say that one more time the five of the top ten exchanges such and such Yes, I can say that again It's very nice to say it because I know that that's probably you know I've been I've been in this space for years as a marketing person When Binance is probably the question that defines what it means to do community management as a crypto person so we have confirmed listings with five of the top ten largest global crypto exchanges for listing day one We can't disclose any names if anyone listening to this knows because they've worked with them They don't like that information to be shared But I will tell you that the larger of these has told us that they will announce it around 48 hours before September 13th, so on September 11th some really, you know, juicy news is about to come up. Gotcha Thanks. So I mean that sounds good. It sounds great But what kind of well, it's my nice question then what kind of metrics are we looking at that are actually showing? Adoption and things are moving in the right direction because it's one thing to say hype There's nothing to say. Okay. Here's what we have. So what do we have here? Yeah, all right So just in terms of following up on what Jess was talking about earlier Everyone listening to this should get sweat coin because sweat coin is going to count your steps and reward you on this wet Wallet sweat coin sweat wallet, right? But the sweat wallet has been in production for several months and now it is finally being rolled out in the lead up To the rollout people who have sweat coin were prompted. Would you like to try our crypto product? It's about to launch 13 million people created wallets in that way. You can say they opted in you can say they joined a waiting list All of these words describe the same scenario and then in the last two weeks We've been slowly Notifying smaller groups of users. Hey wallet is literally live literally download the actual wallet Not the opt-in not the waiting list and already hundreds of thousands of people have downloaded and logged in and we will be aggressively Continuing to roll it out until TGE on September 12th One other thing that I can say is that there is a massive advantage of getting sweat coin and sweat wallet before September 12 Any sweat coins you've earned were turned into sweat tokens as an airdrop and that's a once-in-a-lifetime opportunity if you discover about this video in six months from today, you should still get both those apps But you're not going to get that sweet airdrop that happens that day Yeah, so it's a big milestone because we've been in a coming soon state for quite a while Which is generally a state that a lot of crypto companies are in and we're very happy to see hundreds of thousands of downloads already coming in Just in the play store, you know the Android store. It's already over a hundred thousand downloads And we haven't even done any big announcements or any big blasts. It's just been notifying the people who are in the opted in Perfect. All right. Well guys, thanks for stopping by and just giving us a quick update I do appreciate everybody who's watching the video right now all the things we talked about there'll be links in the description You can find all those things you can find the sweat economy website You can find the Dow Dow maker and how to get involved in that and that should do it. So Ophir Jess Thanks again for stopping by we all appreciate it Always good and yeah, stay tuned We'll see. All right guys. Let's jump back All right, so that's it. That's a little longer. I thought it was gonna be but yeah That's all for what we have. So now that takes care of the news aspects of what's going on in crypto world If you want to stick around that'd be great We're gonna do the Q&A if you got to go take off. It's great. It's Sunday probably a football game somewhere and Some things to do if you got to take off get out of here I appreciate you sticking with me almost a thousand people that is fantastic But if you want to stick around we'll do a little Q&A and I'll answer all your questions the best of my abilities There's some good ones. I already starred in chat and that's what we'll start to do right now and let's jump into a little Q and a