 Hey everyone, what's up? It's Rachel here. Thank you again for joining us. Today we are doing the Freeton AMA and we've got Alexander, he is the CEO and co-founder at TomLabs and Mitya, he's the CTO and co-founder at TomLabs. Hey guys, how are you? Thank you, Rachel. Great to be here. Yeah, of course. Thanks for joining us today. I'm so excited to speak with you guys because decentralization obviously is such an important topic. So before we get started with all the broad questions, I just want to ask, what is Freeton and how is it powering an open and decentralized internet? Sure, I'll start and help me to contribute. So the origins of Freeton traced to the Telegram Messenger. Their team was developing what they call Telegram Open Network, later named the Open Network. The objectives they were trying to solve was essentially the scalability thing because they wanted that blockchain to be integrated with the Telegram Messenger and the user base, which is currently at about 600 million users. So obviously with that kind of user base, you need a truly scalable platform and Mitya can talk about that. So they basically invented dynamic charging and which we actually call should be more precise, multi-threading. And our company TomLabs that myself and Mitya are co-founders at, we were on parallel to Telegram developing their blockchain. We were developing what we call TomOS operating system sitting on top of the blockchain to significantly simplify and accelerate development on the blockchain for developers so that they can bring their use cases faster to the network and also for final users to bring user interface and user experience to the modern realities and classical IT. So developing TomOS, we were pretty deep into the protocol itself, the Tom protocol. So when Telegram unfortunately lost to the US regulator because regulator saw that this was unregistered security offering when they did their token sale three years ago, we were in a good position to unite with 16 other top validators from the space, from the proof of stake space. The guys who are currently validators on Tezos, Solana, warming up for Ethereum 2.0, Polkadot, etc. Basically we teamed up and in May last year we launched what we call Freeton and the idea was to try maybe, I'm trying to be careful, but maybe one of the largest social experiments in the world in terms of truly decentralized governance. We launched it in a very decentralized manner, again 17 meters from day one, generating zero state and genesis block. It was launched live, not in some sort of lab, was jointly present on the call. And more importantly, nobody runs or owns this project. There is no foundation, there is no legal entities, there is nothing. It's a fully community-driven project. We evolved the governance from initially 17 validators who launched the network to currently over 450 validators on the network, on the main net, and with over 30 so-called sub-governances and we'll explain the concept of sub-governance in a few minutes. But basically it's like a DAO, a geographical DAO or functional DAO that helps to distribute the power down to communities around the globe. So that's kind of one big thing. It's a fully community-owned and driven project. The second thing I would mention is that we did not do any ICO or any other token sale in any shape or form. Not a single token, non-crystal token, was sold by the network. It's all five billion tokens that were launched, that were issued, are in multi-seq kind of wallets that, again, that are not controlled by a single party. And they're distributed to validators, developers and partners who bring use cases, users, and adoption to the network. And again, there are no sales, which is important because one, you avoid regulatory risks this way by not doing any sort of offering, which can be recognized at some point as a security offering for some other networks. And B, which is more important is you attract slightly different audience. Typically, when you start from the token sale, you have investment folks coming in in some sort of kind of investment speculative fill at the beginning in the network. Of course, then you have adoption. We actually started from adoption. We got developers first, we got activists who wanted to launch, you know, free tone in different countries. We now have active doubts in China, Mexico, France, Africa, South Korea, India, Japan coming next week, etc., etc. And again, it's enthusiasts who first come to the network and then you complement with adoption. So those are kind of the two big things I would mention on the philosophy of the network. Mitya, would you like to contribute maybe on some performance things or on the governance as well? Yeah, well, it was hard to do. Like technically, if you launch a proof-of-stake network without selling tokens first, then how do you secure these networks? Because usually, like as you know, the proof-of-stake validators, they put there, you know, something of value to secure the network. That's something that they're afraid of losing. And the biggest problem was, you know, how to launch proof-of-stake network without selling tokens first. So we did something that we call meritocratic token distribution. And it's a system where all the tokens are distributed merit-based. So you contribute to the network with something and it's done through the contests. So all the time running contests, I don't know how many probably Sasha may know how many contests we already run and how many millions of tokens were distributed for that. But basically, it's a community that proposes the contest for something, like something that they want to be done, developed or doesn't matter. And then community, other community members are participating and another community members are judging. And in this way, like the community itself distributes the tokens to itself for some merit that they contributed to the development of the network, whatever aspect of the network that is. We're running all the technical developments like that. We're running, like, there are marketing stuff or partnerships like that, but basically it's all same principle. Got it. Yes. That's a great remark. Can we join your grants? Because grants means that somebody decides who gets a grant and who doesn't. And contests in that sense are, you know, more engaged. Yeah, we're building a whole system around that. There are a set of smart contracts for how to vote on this. Tokens, we call this whole system BFTG actually, like Byzantine Fault Tolerance Governance System. And that's a set of smart contracts that govern how to fairly launch this contest, how to fairly judge them and how to fairly distribute the tokens. Got it. Yeah, so it's very clear that this is a very community-driven ecosystem, completely decentralized, which is amazing. And I just want to remind our audience members to please ask your questions, because these guys are the experts when it comes to decentralization. So be sure to pop your questions into the chat, subscribe to the AMA. Before we move on to the next question, because you guys said a lot of really interesting things, and we already have questions coming in from the audience. I'm going to take this question, because this question also comes to my mind. Casper is asking, what is Taun and how do I get them? So more importantly here, how do they get Taun is the question here, because you've kind of already answered the first part of that question. But go ahead. Yeah, there are three ways to get Tauns. Again, they cannot be sold. One is contests, and we did answer and meet this kind of remark. We did more than 150 contests in total and distributed more than 450 million tokens, network tokens that way, which is actually kind of if you multiply it by the current token price, it's quite a remarkable amount, because tokens are kind of somewhere between 55 and 60 cents. But we never advertise that or we never stress that point. But again, it's quite significant. So contest is one way and there are validator contests. We have another one coming up shortly, actually next week. There are a lot of developer contests. There are community contests for things like films about free Taun or Christmas cards. And so there's all kinds of stuff to contribute. You don't necessarily have to be a techie guy to participate. The second way is I mentioned already sub-governance. So let me elaborate on that. It's basically Dao, a group of people who got together in a certain country. For example, South Korea was the first one for us, or a certain functional principle, like we have developer experience, DevOps, NFT, DeFi, etc. So people feel passionate about developing a certain subject on free Taun. They get together, they do the roadmap, they get a location of tokens and with those tokens they do contests and if needed PR and development, etc. And the third way is what we call collaboration proposal. So partnerships basically. And that's our way to get adoption and attract partners with existing use cases or users in the blockchain space or even outside of the blockchain space. We already had a couple of cases where the partner would come from outside of the blockchain space and use our network to bring part of the user experience on chain or to use our tokens on crystal as part of their loyalty program or their gamification program. So it's contests participating in governance of the network through sub-governances or partnerships. Those are three ways. And then of course, of course, and then, but I meant about the primary distribution and then of course, there are quite a few exchanges which support Don Crystal now and quite a few OTC desks and peer-to-peer platforms as well. And then a few wallets as well. I don't want to mention names but there are five or six wallets, big wallets that support Don Crystal. Okay, got it. So yeah, obviously it's accessible and anyone can own Taun if they choose to do so. The easiest one or the most intelligent one, I would say anybody can buy it. But the best is to engage and contribute and then get it for free. Yeah, that's the right way. It's not for free actually because it's hard to win contests. So it's not for free. You actually put a lot of effort into that but it's earned. Yeah, exactly. I mean, you don't have to pay for it. You contribute to get them. Got it. Yeah, very interesting. Okay, so I'm going to go on to one of my questions now. So you were mentioning that Free Taun was launched in May but sufficient decentralization was achieved in December 2020. So what exactly do you mean by this? I can start and then maybe we'll contribute. So basically as we started with 17 validators, as we mentioned at the beginning, and the idea was to bring the number to let's say over 300-400 validators. So we ran a series of contests and through those open contests where anybody in the world could contribute subject to being able to perform validator functions. And we ended up adding about 400 validators after those contests between October and November. And that's one important element of decentralization, that you don't have a large exchange or a core developer or anybody else who controls a significant amount of nodes. So that was achieved by December. Is there something else, Matias, that you think was important for the announcement of sufficient decentralization? Well, yeah, there are a few aspects. There are some technical aspects. There are 450 validators right now on the mainnet and like 250 or more on the RASTnet, which is the testnet where the contests for validators are running now. And another aspect is DPOOLS, which are 400 DPOOLS. The validators are not only running their own kind of node with their own stake, but through this decentralized POOLS concept, which we actually, I think, innovated in the very beginning, you can stake with the validator. It's not delegation, because you can still use these tokens for voting, so it's yours. But you don't need to have like, because right now it's what is 350,000 tokens you need minimum to have to have a validator. So this POOLS enables anyone with the little tokens to stake with some validators together and earn rewards. And that, this DPOOLS launch was also very important for decentralization, kind of taking it to decentralization steps. So that's what happened in December. Got it. I'm curious, just my own question real quick is, so many of these projects in the blockchain space say that they're decentralized, but it seems like a lot of them aren't really decentralized. So what are your thoughts on that, just other projects that claim to be decentralized, but then there are all decentralized aspects? Well, I don't want, of course, to talk about other projects. But generally, there are two kind of, I think, opposite aspects of that. First is there is never, it cannot be like full decentralization, like 100% is that does not exist. Because you deal with people with entities with money, so which tend to be, you know, centralized in a way, right? There are only like few percent of people who owns most of the money in the world. There is a reason for that, right? Unfortunately. So it tends to be, it's always a balance between what is decentralization that you kind of okay with for your network or not. And that's one aspect of that. And the second one, of course, there is simple things that, of course, just if you have them, then you're not decentralized in no way or form, right? And there are a few examples where you have a set, like if you have a set code on your smart, on your governance smart contract, and you can change the code of your smart contract or parameters of it, then by developers. I don't think that that's kind of a decentralized right way to do that. Got it. Alexander, did you want to add anything to that? No, I think me to pretty much cover that. I think also we mentioned already contest versus grants. I think the minute you start doing grants, you're kind of, you smell decentralization as well. But we did mention that before. And also it's, again, it's important that your validators are truly distributed. Like in our case, we don't even know who they are. When the contest was over, community engaged with the Swiss based, you know, KYC platform to make sure that those validators are real, that there is no illusion that they're all independent. And there are no validators from, from I would say, restricted countries. And they wouldn't even share some credentials with us. So we have no idea who is behind the network, which is not typical, you know, so. And then maybe the last thing I would mention is the governance. Again, tonlabs is a core developer, but we got only 5% of network tokens, which is quite refreshing as well. It's not typical, it's a proof of stake space. It kind of reminds Satoshi Nakamoto, who also got 5% of Bitcoins. So we think it's a little bit symbolic. And also we continuously disengage from the governance. And from, like we don't, for example, do use cases, not to compete with the community. We only work and focus on the core. So all of the things, you know, working together that were mentioned are contributing to the truly open and decentralized protocol. Got it. Maybe last thing to mention is that if you take, for example, Ethereum 2.0, right, and you have, like the goal is like tens of thousands of validators on the Ethereum network to have, right? The big question is, like, and of course, in order to enable that, you need everyone to be able to kind of validate, which means you are validating with Raspberry Pis and stuff like that. So the question is, you can take that to this extreme, for example, but then you know that your network performance will definitely be suffering. You cannot build a truly performing computing network based on the Raspberry Pis. You cannot do that. So everyone, every network has their own, like, account to make towards this balance, as I said before. And if you want a usable network, which with high throughput, then you cannot have Raspberry Pis as validators and tens of thousands of them. But where is the, like, what is the other side? Like, where is the decentralization starts to be, like, right? And we believe that sufficiently, it's like, if you have few hundred validators running high performance computers, and of course, to sustain the network, like Freetone is one of the fastest network, and I think right now we have only one competitor, more or less, and it's Solana. And with this kind of high performance networks, you cannot run it on, like, you have to have powerful computers and a lot of bandwidth. But these are cheaply available today. Like, it's not something everyone can pay for that. It's 250, maybe 300 euros or dollars per month, and you have that, right? So it's not that you cannot, I don't know if you need to go to this Raspberry Pi kind of scenario, right? You can deal with the high performance server, buy it in, you know, hundreds of thousands of datacentries around the world for that kind of not too expensive prices and be validator. But then you need to stake a lot of tokens, right? And if you enable a lot of people, stake a lot of tokens, then you kind of achieve decentralization in another way. Preserving the performance and the goals that you put to your network as a computing platform. Got it, got it. Speaking of staking, we have a question from an audience member. Anton is asking, where can I stake, faucet or claim? You stake through a smart contract. And I don't know what they mean by faucet or claim. You need to buy tokens. And then so there is no faucet that gives that. But there are many ways to stake. You can stake through deep pools. You can download some of the decentralized browsers or wallets for FreeTone and stake there. There are some exchanges who are running the staking program for FreeTone as well. You can stake with them, although it's a little bit more centralized. But you can do it in a completely decentralized way. From your own wallet, just sending a comment to this smart contract, sending some tokens there, and the smart one will take care of everything. We did it, I think. We did it definitely before it was available on Ethereum 2.0. Just maybe one more, because the flagship browser is called Tonsurf browser. So just to be more precise, for example, in Tonsurf browser, which is available on App Store and Google Play, you can download it. And even with a few tokens, you can participate in staking through deep pool. Got it. Okay. I'm sure that clarifies some of the confusion that the audience members might have had. My next question is, how do you plan to bring more liquidity to the FreeTone platform moving forward? Yeah. We're big believers overall in the interoperability. We currently have three bridges in development. So the first bridge, of course, was with Ethereum, which is the largest ecosystem by far. There is nothing that comes even close to that today. With some chains making inroads like Binance, Part Chain and Polkadot, but still quite far away in terms of adoption. So we thought it was important to bridge Ethereum and FreeTone first. Then we're also doing Polkadot and also Tezos, because we acquired a network fork of Tezos called Dune, because they have some great developer teams and some great traction. So we thought that was important and it comes with a Tezos bridge, essentially. So took in Ethereum again, it's by far the largest ecosystem also in terms of liquidity. When the whole Dex revolution started, I would say almost 100% of liquidity was on Ethereum based Dexys and the other elements of infrastructure. And that's why we're focused on that. It's functional. It's in final audit, the bridge. And of course, there is wrapped token as part of that thing. So that's a big hope that, actually not hope, but I think it's logical that some of the there would be a flow of liquidity from Ethereum to FreeTone. One of the reasons is extremely high, as we all know, transaction fees on Ethereum. So folks are looking for cheaper networks to do their stuff and defy. And also, there's more and more teams who see the power of FreeTone technology. So they would be also migrating, but that's slightly different story from liquidity. Mitya, do you want to add anything to that? Yeah, well, actually, I just think that it will be a lot more of these wrap things around on Polk and Ethereum now and Dexys as well, because there is decentralized exchanges that we're building on FreeTone because it is one of the fastest, though it's not the exact precise word, but let's just put it simple, one of the fastest networks around. And we can build decentralized exchanges that operates on speeds of centralized ones. So these exchanges are having been now. And I think with them going into production, we will see a lot of liquidity coming from different networks to just to use this exchange because it's extremely fast, it's extremely cheap. And that's, for example, it's an order book based exchanges as well. So it's not just a great liquidity pool. So you can do all sorts of stuff like trading strategies and whatnot. So you couldn't do that before on on decentralized exchanges. Got it. Yeah. And I just want to remind the audience, please keep sending us questions. Anything about decentralization or the project, they're happy to answer that for you. I just wanted to ask you guys a question based on what we were just speaking about. Do you believe that the wrapped on will lead to higher demand for the project's core ton crystal token? It's a great question, Rachel. The only thing is that we're trying not to bother much or actually I would say at all about the value and demand for ton crystal. Because for a couple of reasons, one reason is that it's an important element of the regulatory framework is that, you know, protocols that have been, and there are quite a few as we know that we're focusing, I would say too much on the price of the token, you know, there are pumps here and there. It's, we think it's, it's temporary. It's going to go away because there is no way regulators are going to tolerate the down the road. And given that we've chosen that fair launch and extremely clean framework for the governance and for this. So we're not doing this. We're not focusing on on demand. We're not focusing on the price very consciously. We think that the way for, for adoption and essentially for value of the ecosystem is, is adoption. And that's where we put 100% of the focus at all levels developer adoption validators and of course users through, you know, working on the front end and then and use cases. So the answer is, of course, of course, yes. I mean, once you have more liquidity in the network, you have more attention, you know, you have more traction, you have higher trading volumes. But again, this has not been the priority for us. Neither was, was it ever an objective? Mitya? Yeah, I totally agree. I don't care. The price of the token currently, it's just not important to me personally. And I think to a lot of the community members as well, because they understand the long standing value and the intrinsic value of the work we're doing on the protocol level, you know, it will come like it doesn't matter what we do, as long as we do what we said, we will achieve goals that each of us has in terms of this, the development of this network. I mean, the intrinsic value will be there and therefore everything else will just arrive as well. Yeah, what I love about this ecosystem that you guys have created is that you focus very much on the tech aspects first before anything else. And I think that's really important because sometimes with these blockchain projects, that's not the first point of focus. Can you guys speak about how important it is to have that technical backbone in place before token prices come into play? Yeah, well, it's very simple. It's not that we're focusing on the technology, we're focusing on the use cases and as to enable these use cases we're talking about, we need the technology to be there. And this network was built around the idea of massively scalable technology. So one of our partners, for example, WorldChess, which we are building integration with right now, it has like millions of users and as you know, like online world of chess has more than 600 million users. To enable such a use case, there is simply no platform, no blockchain at all that can do that. And we are focusing, we need to be there and we are, you know, so we're doing the technology that enables this kind of massively scalable use cases in also the technologies that can be used by millions of people. I mean, it should be really simple to use. And you know, the user experience should be there. And it should be like, you don't refresh, you don't expect to refresh Facebook page, you know, for two minutes or whatever, 30 seconds, right? It's not the user experience that, you know, users expecting to today from a modern technology platform. So we need to be there with these to enable this kind of use cases. There is one important thing I would like to add to what Mitya said, and he mentioned that partially, is I think for the first 11 years of the blockchain history today, actually 12 years by now, almost, it's been kind of a very niche and geeky space. And what we're trying to do is now that the performance of a few blockchain and Friton, we think we're at the very top there is almost there at par with the centralized IT. If we talk about the throughput, if we talk about speed, if we talk about latency and finality, that for the first time in history, essentially, in IT history, blockchain in terms of performance comes so close to IT that user wouldn't notice the difference. So what you can do is you can bring the use cases which were not possible in the blockchain before on to decentralize to distribute it by can't again, without user not seeing the differences, but then bringing all the benefits of the blockchain that we know. So, and that's what we're trying to do is that we're not competing the blockchain space, but we're actually competing, you know, increasing the increasing the market share of decentralized distributed by cans, enabling benefits of the blockchain for the mass user. That's what we're up to. Yeah, I also, for me, like, I don't think the user shouldn't, you know, care at all. It all like not see that he's using using blockchain. I think that there's a lot of value where user actually sees that it's using blockchain, but it needs to be on par with the larger IT in terms of user experience, even when they know, okay, I'm using blockchain. Wow, that's works exactly the same as everything else I have used, right? Because right now it's not at all like that. And, and of course, when you talk about like price of that, if just to wire tokens in Ethereum costs like $100, I don't think that's something we really expected from a blockchain platform, but it's this cost actually is because of this lack of throughput and scalability of the Ethereum blockchain, right? That's all basically the same. It's a part of the user experience and how much money you pay for, you know, doing this stuff on this computing platform. Right, definitely. Okay, before I ask my next question, just want to remind the audience, keep sending us your questions, subscribe to our channel and because we do these all the time. But next question based on what you guys were saying. So obviously use cases are important here. And I noticed that there's something called the FreeTon DeFi Alliance. What is that exactly? And is that focused, I'm assuming primarily on DeFi? Yeah, yeah, that's that's part of, you know, decentralized governance, five independent community teams, teams from the community, organized what they call DeFi Alliance to move adoption of free tone in the decentralized finance space, you know, building infrastructure like bridges, you know, et cetera, et cetera. I think they're currently like up to 10 members already or on the way to 10. We're not part of that on LAPS being a core developer, we're not part of DeFi Alliance. And to be honest, I'm not even following what those guys are doing. So for me, it's a great example of decentralized activity, which is starting to become a little bit, you know, more institutionalized, which I don't like the word institutionalized, but, you know, people are uniting to be able to do something more powerful. And that's what DeFi Alliance is trying to do. Because obviously the space is very competitive. Again, Ethereum has been dominating the space almost entirely. There are a couple of important players emerging there. I would specifically mention maybe Binance, Smart Chain, Polkadot and Solana in the space. And we want to be, you know, up there in the very top. So that's what those folks are up to. Okay, got it. I'm going to take a quick question from an audience member. L is asking, Freiton has a one year anniversary soon. What are your main goals for the second year? Oh, that's a great question. We don't have goals and KPIs. We love that question. That's a very easy answer to that one. No, to be a little bit more serious, Mete obviously does have like on LAPS roadmap. And he can talk about it in a second. But otherwise, you cannot because we have no idea what's coming. Like last week, all of a sudden, we had Japanese and Japan and India communities coming up with their proposal for sub-governance. I have no idea who is next. I'm sensing that Italian or German community will be next. Like what use cases will be up there, etc. What pieces of infrastructure will appear because they keep coming from you. You don't even know. It's boom and it's there on the forum and it's there on GitHub as a code and as a use case. So it's not the closing knowledge, but you don't know what's going to be the next article in Wikipedia, right? Because somebody is just writing it as we talk. It's exactly the same happening here. People are just doing stuff. So we cannot plan it. But on the core tech side, I don't know if you want to comment. Well, again, I have a roadmap for my team, which is Tom Loft's team. We're building the platform as one of the core developers, but we are not the only one. So there are definitely other people planning other stuff to do on free time. Main goal is to build a platform that enables this kind of all kinds of applications or whatever people want to build on top of that. And in terms of the technical things that we need to achieve is that there are a lot of things that we're looking for. We need to bring the like we need to demonstrate some performance improvements to like to go to like hundreds of thousands of transactions per seconds, maybe something like that. And so there are things on the architectural level of the like compiler stuff, like more deep technical stuff that we want to do. Of course, every team that works on these things has their own roadmaps. We want to bring our tools like to the level of for the developers to be able to develop like on par with experience of developing on Firebase, for example. Like you don't need like blockchain development shouldn't be that complicated. And the platform, the blockchain platform shouldn't be that obscure and like really hard to build on top. We can do things like we have dozens of years on IT kind of history where we know how to do this stuff and we will do that stuff. You will be able to come and to develop really easily any kind of application you want to build without a PhD in distributed computing. Maybe one remark, Rachel, if I can just not to have an impression that this is completely chaotic and disorganized. So once people form into sub-governances, they do prioritize and plan. For example, just an example, when DeFi sub-governance was born, they said we need bridges first, particularly Serium. We want decentralized exchanges next. We want a stable coin. So there is some sort of planning and prioritization that is happening at the sub-governance level. But again, it's still an open system. So tomorrow somebody can come and say, well, look, why don't we do a peer-to-peer landing platform in DeFi urgently and somebody feels passionate and puts up a contest up there and it will just happen. No community will support it. So that's what we mean. But to answer the question, which I think is a good question, in a very broad sense. So year one was make sure that technology works. Mainnet is stable. Decentralization happens. Governance works. And our business model, we don't have a business. It's not a business model, but our governance model works with a contest, with DAOS, et cetera, sub-governance. So year two really has to be year of adoption. A massive breakthrough in adoption when there will be hundreds of use cases, real use cases with user base. When there'll be meaties claiming, there'll be tens of thousands of debots, which are interfaces between the browser and the browser and Decentralization. Just like it. Basically, it's an adopts. Yeah, exactly. So et cetera, et cetera. And hopefully millions of users, you know, interacting within the use cases and extracting value from that technology. So that's a big answer. It's a year of adoption. Got it. Speaking of the debot browser that you mentioned, I have a question from an audience member. Ben is asking or he's saying, I'd love to hear Mitya's thoughts on the importance of the debot browser contest. It was prolonged. So it was prolonged for two weeks, and there is some technical glitch happened on the sub-governance level. So they didn't like formally pronounce it, but there is a prolongation for two weeks now. And in the end of that, I know there are a couple of teams working on this on the solutions. Once it's there, well, I think it's great stuff. But I want to see that. I think the question, Mitya, was on the more philosophical level. Why is it important? If I understand the question correctly. Why debot browser is important? Because debots are important. And debots are important because they replace the VEP3 architecture. We don't believe in the vision of VEP3 because we don't believe in layered vision. When you have a decentralized layer, and then on top of that, you build another layer to solve like problem that you couldn't solve from this decentralized layer. For example, that's what Ethereum is doing all the time, and we just don't believe in that way. So they're solving, for example, a scalability, oh, we don't have scalability on the basic layer, decentralized layer. Okay, let's do it on layer two. Let's hook some other layer, which will not be let that decentralized maybe whatever, but it will bring us this. And then if we want an interface, user interface, let's do it for another layer, which is what it will be. Oh, that will be VEP. So now we have a decentralized layer, but in order to interface with that layer, the user need to go for the centralized VEP layer. That doesn't make any sense to me at all. So we created debots in order to be able for the user to have the same experience like they have while interfacing with today's VEP or chat or whatever, but in a completely decentralized way. So there will be no centralized entity in the middle. Like when this story last year happened with a Uniswap, I believe, when they had to do some user disclosure because they were running a website, right? The Uniswap is running the website. You need to run a website in order to enable decentralized application. That is oxymoron, but that doesn't make any sense. You need to be able to do that without this. And debots is a technology of what we call end-to-end decentralization, which enables this. User doesn't need to go to the website in order to interact with your smart contract. The only thing you need for a user to interact with your smart contract system is to write two smart contracts. One is a smart contract for your system and another is a smart contract which called debot. And that smart contract executes inside the user browser locally and interfaces with a blockchain. And that kind of technology, I think, is a cornerstone for user experience and new user experience with decentralized VEP. So that's why I think it's important. Got it. Well, I also wanted to ask, because I know there aren't set goals in mind, but adoption is very important here. How do you think we're going to generate adoption moving forward for the Freeton network and community? What are the biggest challenges that must be overcome in order to drive adoption and ensure that? Sure. Well, I'll start, and then I'm sure Mete will have a lot to say as well. As Mete already mentioned, it's very important to create the right infrastructure for developers. Like you mentioned, the Firebase example, you know, when Firebase came, creating mobile applications became 100 times easier because you didn't have to do the whole backend thing. You just focus on the front end. So that's kind of similar thing that we're doing with StoneOS. We have compilers, we have a whole bunch of bindings, and the other stuff which enables to, as Mete mentioned, just with the two relatively simple smart contracts. Boom, you have your own DAP on Freeton. So that's very important because developers will bring use cases. So I would say this is very important. The other one is we have that partnership program, which actually 85 percent of tokens would go to the partnership program to enable adoption of partner use cases from the blockchain, and not necessarily from the blockchain, because, as we mentioned already a couple of times, now the technology is there to enable use cases that required, for example, you know, faster speeds or lower latency to be able to have meaningful user experience. So we are doing a lot of that, and there are quite a few teams in the community who are helping with integration. We have a whole bunch of chats to support integration of developer entrepreneurs and the use cases. So I would mention maybe those two. I don't meet if you want to take it from there. No, I think that the, you know, the adoption, I agree, partnerships are important to bring use cases, and the technology should be there to enable those use cases, and that will come. Because like, again, I don't, I think we were in the, like, very top in terms of thinking and architecture-wise, in terms of how you build smart contracts on the Charlotte blockchain. In terms of architecture-wise, you can build all sorts of use cases that you just cannot do in other decentralized stack. So I think that will bring use cases to show you. Right, definitely. Just want to remind the audience, we've still got a bit of time. Please send your questions far away. Subscribe to the YouTube channel. My next question is, we're talking a lot about use cases. Are you guys seeing any NFT use cases at all, since NFTs are so hot right now? Very, very hot subject. Although I do think it's a bit of a bubble, and the space will substantially evolve. Because if you want my personal, like, one-minute philosophical perspective on NFTs, I was probably not the very first user, but I had my first two cryptic itchies when they just came out, maybe months one, when cryptic itchies came around, came around, and that was, still have them somewhere, those itchies, which is important. I mentioned that for a good reason. Because there was not much to do with cryptic itchies. And then we had this winter, and then all of a sudden people realized, oh my God, you know, you can, and me, you can talk about the importance of, you know, what is the true NFT versus like a certificate, digital certificate, that shows some sort of ownership. We do have a few, we actually have a contest, because remember, we always do contests. So we have a contest going on for market places on Freetone, which will end on May 24. So I'm pretty sure that by end of May we'll have four, five, six, seven marketplaces on top of Freetone of different, you know, shapes and kinds. So I'm really looking forward to see those. There were a couple of use cases, actually, three that I can think of that happened, since we launched our NFT token technology. There was the first marketplace, we have the first ticketing case, NFT ticketing case, which came just recently. So we do have some early adoption, but once the marketplace has come out by the end of May, there'll be hopefully a breakthrough of adoption there. Mitya? Oh, yeah, my NFT is, yeah, it's very hot, it's a completely bubble. The NFT is just a token, and what usually people are confusing that with the ownership of an object. Now, it's not the same thing. Well, usually, like, of course, there are some exceptions, like crypto banks, for example, well, the NFT itself is an object. And then you can talk about real ownership, although this ownership is basically just a string in the table, but that's another story. But most of the NFTs today are just the certificates of the ownership. So you have some data which is stored somewhere else, and you have a hash of that data in the stock, and so it proves that if the data is available, you have it. But what if not? What if this data is not available? You want probably the NFT that you can hand onto the wall like you do with the real picture, with the only copy of that picture. You cannot do that mostly today. Most of the NFTs are just a certificate that somewhere else you have that picture hanging. And I don't think that, I think it's just one of the first iterations over this, and it will take some time to really have, it's like an ICO stuff today with the NFTs. But the real, think about Dow and tokens came much later when you have a real value in that and understanding of how to build that, and what is important, what is not. The same thing, I think, will happen to NFT. It will take another couple of years to build a real solution for the real art, for real objects of collectible objects on the blockchain. Based on fundamentals, not on hype. It will evolve into more gamification, like you have fantasy football today. So it's technology has to add value. And as we said, the certificate of ownership is a very small piece of that kind of value chain. So it has to become a value chain, not just a small element of that value chain to become meaningful and have massive adoption. Even if you have that, and I just want to be very precise, and even if you have the object sitting in one chain, for example, IPFS storage, in the certificate sitting at a smart contract on another blockchain, they don't know about each other, usually. So it's not the same as having one object in one place with functioning as one immutable object. It's two different things. So yeah, just for clarification. Got it. Yeah. So just in terms of use cases, are you guys able to discuss what the best use cases are for this network? Well, every massive use case, like Chessotype, for example, already mentioned, it's a massive NFT use case, by the way, can be also. But again, because you can build stuff which, again, dexes or anything that involves iterating over large sets of data. Think about like today's smart contract like ERC-20 token, for example, or whatever, incarnation of that technology. It's basically a huge table sitting in smart contract and a lot of iterations over this huge table. So what if you have like 25 millions of these token holders? What are you going to do? It's simply the technology is not there. So you need to have some other technology that will enable you to have these kinds of tokens. And you have that in free time. You may have some other networks, I'm not sure. But because we are the only network that is taking the parallelization of the smart contract execution with the multi-threading technology on, I think, it's a very unique architecture to build this kind of use cases. And I think we're the only ones who can do that. Got it. Just broader, just to add to that a couple of cents to add to that. So use cases that require more scalability, essentially like large B2C cases, are now possible to do in the blockchain. And also some of the classical use cases that everybody believes will partially or to a large extent migrate to blockchain. Like I would mention probably digital identity and the whole question of identity management that has to come to blockchain one day. So we think that's the area where there'll be some killer use cases emerging. And the reason why they didn't come is because the technology weren't mature enough. And as I mentioned just before, you cannot put the whole country identity on blockchain like Ethereum. It would be a pain, a real pain to do that. And it probably just not feasible. But you can do that on free thought easily. You can put the whole country of identity in like a couple of hours into the blockchain and iterate over whatever functionality you want on top of that. These, I think once this platform, once everyone will understand that this is possible, I mean these use cases will just happen. Yeah, no, that's exciting. I think obviously digital identity use cases are huge right now. The enterprise use cases are really important. So I'm excited to see that. Just want to remind the audience members, we have a few more minutes. So please send your questions. I don't have any additional right now from the audience, but I wanted to ask both of you, do you have any additional comments that you just want to add before we end the AMA today that we might not have already covered? Yeah, we can just relax a little bit and smile a little bit. So one, let me mention a funny use case because we've been very serious talking a lot about technology here and governance. So we just, one of the recent partnerships that we stroke is with one of the first virtual nations called Freeland, which is symbolic. You have Freedon and Freeland. And it's basically, it's like a DAO, it's a virtual, it's like a virtual nation and that they even have their biometrical passports. So the reason I mentioned this, the reason it's important is that we're going to be, by way always been community of course, are going to be doing a whole bunch of governance experiments on those nation. And hopefully one day, some of those experiments can end up with real governments around the world. So I think that's an interesting one. The other I wanted to bring up, we are, probably we talked a lot again about B2C and the users. We think government tech will, can benefit tremendously from the blockchain, saving costs. We just had Africa hackathon a few days ago. There is a massive problem on identity in Africa. I cannot remember the number, but like hundreds of millions of people cannot prove their ownership of land or real estate. All of this can be solved on the blockchain. Let's talk about voting. You know, we had, it's again talking about funny things, MIT, very reputable institution came up with a paper saying that voting on blockchain not good. So we decided to run a contest that proves that it's good. Blockchain is very good for voting and there were quite a few quality submissions and we're active members of the government blockchain association to make the public. So we think that aspect, the whole governments adopting blockchain, hopefully more public than private. That will be an important trend going forward and I'm sure MIT has a few important things to mention. Well, I just want to mention that we're totally against private blockchains. Like private blockchains are not blockchains, they're a piece of crap. You don't want to do anything with private blockchains. So when we talk about like, you know, usage in the corporate usage or usage in the government usage, we always talk about usage of the public blockchain for enabling these applications, never private. Yeah, I mean, that's a good point you bring up. And I mean, I think at least when it comes to enterprise blockchain, obviously the early use cases were all private, but now that we've been into it a few years, we're seeing the development of public blockchains for enterprise use, which is amazing because, you know, that's, that's I think the direction that we need to head in, not saying that private blockchains are bad, but I see that innovation and I think it's great that enterprises are starting to use public blockchains for important use cases. Great. Wonderful. Well, we are about out of time. We don't have any further questions from the audience. Alexander and Mitya, if anyone wants to contact both of you, how should they do that? Are you guys hiring or I guess not hiring, but how can they become a part of the community? Where should they go online to find that information? Yeah, that's actually very simple. So it's freetone.org is the catalog where you can see all the resources. It's a catalog. It's not really a website. And then forum.freetone.org is a place where people meet and connect. And then from there, from freetone.org and forum.freetone.org, you can go into different chats. You know, you can see all the sub-governances and pick the one that is of interest, be DeFi or NFT or developer experience or South Korean, Mexican, you know, Japanese, etc. And me and Mitya are very easy to find there. We're not the most active members, but we are acting there under real names. You know, we're not hiring. We're trying to answer different questions. And yeah, I mean, it's very easy to find us once you dive into our ecosystem. Got it. Actually, we've got one more question from an audience member before we end. And I think we've already answered this question, but I'm just going to ask it in case we didn't. Antoine is asking, what kind of protocol is freetone? Is it a proof of stake, proof of work or DAG? Which I think you guys answered, but yeah. Proof of stake, BFT based consensus, multi-threaded, multi-sharded, the only multi-threaded, multi-sharded blockchain with virtually unlimited throughput scalability. And of course, if you go to ton.live, you can see that this is one of the explorers. You can see the stats of the network and stuff like that. It's quite impressive. Blocks have been formed every 0.2 seconds. I just looked at it and it's quite refreshing, 0.2 seconds. Well, that's on average. On average, of course, yeah. Whatever shards we have. It's not finality. It's on average. Well, awesome. Well, you guys have been great. Thank you so much, Alexander and Mitya, for joining us for the Live AMA. And thank you to our audience members for tuning in. Remember to subscribe to our YouTube channel. And yeah, just thank you guys so much. It's been a great time chatting. Thank you very much. Thank you, Rachel. Thanks.