 Hey Hi there It's a pleasure to be here today. My name is Nicholas. I am a product designer and manager alongside being a marketer at the load project now load is a really really exciting initiative to restore Silver and gold to the monetary system through a payments platform powered by blockchain Now you've probably read a lot about Bitcoin recently in the news and there's a lot of excitement in the blockchain space since the 2017 crypto boom load specifically is Focused on providing a comprehensive autonomous platform for headless banking that allows people to access stabilized money universal currency From the tip of your fingers from from your phone We're active in over a hundred different countries We create our own digital currency as I mentioned the digital gold and silver known as the AGX AUX coin and today We we have published on our all major app stores In autonomous cryptocurrency wallet that allows people to send and spend Instantly this digital currency as well as access your favorite crypto currencies USDC Ethereum in Bitcoin and all many many more coming down the pipeline So there's so much there's so much that's happening around the Bitcoin people are talking about it and hyping it up and it Is the thing that I have always thought about that about the Bitcoin? That's strange a bit is that it doesn't really have any real backing right this is just It seems that it's I don't want to use the word sketchy But what you're trying to do is actually have real gold real silver So it's a stable coin you call it a stable. It's a stable, right? Yeah, absolutely. So it's true Bitcoin is powered by it's the faith that people put into it rather than having an actual backing It's this confidence in that in the technology itself But at the same time the money that you hold today isn't really backed by anything either It's it's backed by debt More or less, which is risky This is why most currencies in the world suffer from inflation now in developed nations that inflation is Pretty marginal and we we actually it's more of a boiling frog metaphor if you've heard that one where You know, I think the United States dollars has lost 96% of its purchasing power over the past hundred years So, you know fiat currencies obviously aren't the solution Bitcoin again It's it's prone to these these wild swings because there's nothing inherently valuable backing So load is taking this concept of take of golden silver, which is some of mankind's earliest forms of money It's been around for thousands of years that we've used this as currency in our societies and we're taking the same technology that built coin is That Bitcoin is built on and applying it to these assets to make it functional money again for the modern era And the project has been around for about three years now And it's been a really exciting journey and really excited to to again be here with you today Charabax So when I've been hearing about Bitcoin, I think since 2011 or something like that, you know Like a lot of people Commenting and when I had this thing where people could donate they wanted to send me bitcoins And I was even trying out but they like they got all lost on these hacked wallets and stuff like that That that's been happening so that's but I always thought that it would make sense if there were real assets like I was thinking Google should do like a coin that's backed on their shares or something that right and it seems that Facebook is thinking about doing something I don't know if they're gonna back it on the Facebook stock or not That there's all kinds of real assets that could be the basis and silver and dollars one of the More stable kind of things that you could consider right? Absolutely, they're they're inflation proof. So all of the again these things have been used for thousands of years and and what? A gram of silver could purchase you a hundred years ago is on, you know Even better than what it could get you or sorry the other way around What you can get today is even better than what you could get You know a hundred years ago with a gram of silver But if you take a look at your dollar, you know a can of a can of soda that used to cost one dollar is now You know two dollars. It's now 150 and that's just going to continue to go up So so obviously, you know societies and people at large are beginning to look for alternatives And that's where and that's where systems like ours coming to play Now one of the other things you were talking about hacks and wallets now blockchains are really really secure in ways that Traditional banking infrastructure is not that's one of the major advantages of them. However The reality is is that you have to be the responsible person for your money if you get Your money stolen from a bank a central bank or something like that There's a certain level of insurance and confidence when an identity theft occurs that you can get your money back But blockchains require you to be take full ownership of your responsibility So if somebody figures out your private key because you posted it in a in a chat somewhere or if you lose it I'm sure you've heard stories of people losing their private keys and then you know throwing out the The computer with the bitcoin on and then they can't access it and then bitcoin blows up and you know They missed their shot at being a millionaire. That's One of the the risks of using this new technology is it's it's much more secure, but it requires greater It responsibility for you to manage But the benefit of this is that you you disrupt traditional power hierarchies and and legacy systems within banking and finance because There's no more gatekeeping You lock out this gatekeeping. So for example the wall street bets situation with robin hood Traders, I'm sure you've heard about this. It's been all over the news recently You know robin hood of course shuts down trading of of gme and And says oh retail retail investors can only get 100 with bitcoin and blockchain technology That kind of issue doesn't happen anymore unless you're going to a centralized entity, which is where You get traditional exchanges like finance and coin base coming into play And we can talk a little bit more about those But I'll toss the ball back over to you because I did just throw a lot of information your way So maybe we can join in Dom and luka. Hi. Hi Hey guys, how are you? So dumb, maybe maybe you have some Some some points you'd like to say about what what you think is going to happen here with the load Yeah, I don't have a crystal ball nobody does but I think you know rather than looking into the future and trying to Figure out and how we're going to change the trend Let's focus on what has never changed before and the reality is as Nicholas mentioned Is in a history of war of the world of humanity no fiat currency has ever survived So if we believe that the u.s. Dollar the euro or any other currency will survive what's happening today That's probably one of the biggest fallacies we can fall for And I think that's one of the major reasons why you see a rapid rally in cryptocurrencies today Because people trend to trust trust appears more than trust or central governments So there's a lot of talk of all these cryptocurrencies But let's say let's say maybe there is a big economic crisis that might happen Some people are talking about that some economies to warning that it usually there's always a crisis and it's been a long time since the last one And every time the crisis the the silver and the gold is one of the things that kind of survives the crisis Right. So is this another good reason to think about what you're doing? Absolutely. Yeah, it's it's unequivocal in times of financial stress people flock to what they call um safe haven assets and golden silver are again Consistently one of these things that they go to with the introduction of cryptocurrencies. There's a little bit more diversity in the portfolios, but With with traditional cryptocurrencies You're you're at risk of of pump and dumps, you know People intentionally manipulating the price and then all of a sudden it's dropping again Because of the inherent value behind golden silver it's it's much it's a much safer position to take And uh, you know, even after those financial crisis golden silver have remained consistent Which is why it is recommended that these assets are part of everyone's portfolio now Because these metals are scarce usually a you can pay a massive premium when you are going to Go to a physical bullion dealer to get your hands on some gold and silver but in The situation of low what we've been able to do by by tokenizing this digital this gold and and silver for To hold uh via via the blockchain And be there their mobile wallets is they can access real gold real silver real inflation proof assets For a fraction of what it costs in the retail market, which is pretty incredible So not only are we making these assets liquid so you can go to a starbucks and and buy Uh a cup of coffee using golden silver again We're also we're also making it so people around the world can it can access it no matter their Their uh their level of income. So, um, it's it's just one more justification as to why Solutions like this are so so needed right now because you can look at any number of countries in the world And inflation is it becoming a very very real problem. Um, you know, people like to point you to, um, Venezuela and latin american countries, but you know, even in the united states We're looking at what another 1.9 trillion about to come into circulation. I think maybe the number Is something to that effect like that's going to impact The value of the money that you that you hold in your bank account today Um, and so it's time to make a switch It's time to start looking at what alternatives are out there to create stability for yourself. I mean Like for sure the digital currencies are the future But the question is how it's going to be and and when it's going to be like the the central banks are also talking about They they want to do some some Central bank control digital currencies that are going to come out eventually, right? But I guess it's not going to be just one system. Maybe the wallets can support all these different things that are coming to come out And well, I think it's important, you know, like governments still need to operate. Um, I I You know, I'm a big star trek lever. I believe one day we're going to reach a a fairly utopian society, but um, governments still need to uh, you know run the books and and having um You know a blockchain um Government asset is is okay. That's part of the process. That's part of the transition to this new technology But it's still the same thing with a different coat of paint. It's still it's still the same fiat currency It's just on a blockchain Um, which is why you know why you may need to pay your taxes in agx or sorry One day one day you'll pay your taxes in agx. May you why you may need to pay your taxes in a government currency on the blockchain Um, that doesn't mean that you should have to hold your wealth in that currency in the meantime Um, you have the ability to to swap back and forth Between these assets and in a way that suits you. You're not locked into those those government currency Nick, can you can you touch upon what I would call like the democratization effect of of load And how load is you know, intense to bring It's talking to to the masses and how it differentiates itself from you know traditional cryptocurrencies as we've come to know them Yeah, I mean The the project is intentionally built to Over time become more and more distributed in terms of its governance, right? We we want this project is you know founded very much on the principle for the people by the people In its early days, you know, we got to pull ourselves up by our bootstraps and organize in a in a more traditional manner, but as the project continues to grow we introduce more solutions and mechanisms to Until the point where the community is entirely governing this thing and that makes it very very unique compared to a lot of competitors out there Which have You know the sole initiative of just being for a proper corporation um and again because A load is not just a cryptocurrency platform What we're building is and this isn't another thing that differentiates us from our competitors We're building an entire ecosystem everything from payments terminals to payments processing To you know e-commerce plugins and so on everything a debit card that's going to work everywhere That's what I understand, right? Exactly that we we just released our first one in the united states, but it's going to go beyond that We're going to make it so that you can You can load any credit card that you already own with your agx and your agx with your digital gold and your digital silver How does that work? Is it just like any of these are mastercard? It's just going to be able to access the funds that you have somehow instantly or Yeah, really we're working on that. Well. Yeah. Oh, yeah We're working on a lot of exciting initiatives like that that are going to give you the comfort that you have right now With your existing banking system But with digital gold and silver as the foundation so that you can always have the confidence that your your money is much more secure and As I mentioned before autonomous so we we can't lock you out of your money. We are facilitators. We're not oligarchs and you'll see this being You'll see this this topic come more into trend as well as as situations like walled street bets continue to happen and large institutional monies sort of go after retail investors because for the past hundred years they've enjoyed this there's a gatekeeping over the system and solutions like load Are part of our part of how we democratize that as don put it and and make it more accessible for people everywhere So hopefully I'm addressing the questions you're asking there don Yeah, I think you know, can you run us, you know by the average lay person like You know your starbucks person is currently standing in line cash or credit card in hand How are we going to disintermediate that process? How is load stepping into that process and making it as seamless from a transactional perspective? Uh, how does where does the person go first and foremost in order to become a load client? What is the process of getting registered on the platform? And then how do they physically use the digital gold and silver for everyday transactions? Absolutely. Um, so Uh, the first thing you were going to want to do is head over to load dot one And and go through a basic account registration process. It's fairly quick Pretty standard for for most people as as you experience when you register And then immediately you're going to want to download the load pay mobile wallet From the app store. Um, and this is going to do one of two things by registering in a load account You're basically uh, you're setting up Yourself so we know you within the system And and giving you access to to our assets and then that crypto wallet that you download Is how you actually are able to send and spend and use those assets functionally out in the world And We do have a kyc process if you're interested in some of our investment assets the load token Which is how you become an equity or a virtual equity and stakeholder in the system And and kyc stands for know your clients It's just making sure that there are no bad actors that we're not supporting terrorists So there's no any must use of this, right? Um, well, we have taken a very considerable amount of effort in becoming regulated and compliant our goal is not to to You know be the enemy of governments out there We want to work with regulators and with uh countries to provide a system and help them with this transition Right, uh, and at the same time still provide people that autonomy that they're looking for with their money So, um, if I can just wrap up on what dawn was talking about before, you know, once you have your mobile wallet It's as easy as uh, you know using your credit card to buy The agx and a ux. Uh, we can buy with cryptocurrencies as well. It's very smooth and seamless from within the mobile wallet experience um, and then it's as easy as um Applying for a credit card and you can actually load your agx and a ux onto that credit card and spend it Anywhere where credit cards are accepted now in the future. Um, we will be providing our own payments processing terminals and be working Uh aggressively to bring merchants on board in the system. And so rather than having to uh use a credit card You'll be able to just walk up to the payments terminal and use it just like you would with apple pay You know scan a qr code or just tap with your phone and and off to the races You might you might save two or three percent, uh, like what's called? credit card processing fees if you were able to do it directly, right? Again, this is one of the great benefits of of the load system And cryptocurrencies at large is is cutting down on the the fees that you see in irregularly in in our traditional fee banking system um because we use a Really fantastic blockchain as our as our sort of foundation that that loads built on the syscoin blockchain We're able to provide payments processing And for agx and a ux for for what is effectively nothing I'm talking i'm talking borderline close to zero a fraction of a penny is what it costs you to process these transactions And compare that to credit card processing where you're paying anywhere from, you know, three to nine percent It's it's a no-brainer for businesses. We're helping people businesses everywhere, you know, save money and and do better business As I understand i've been watching a few of your videos on your youtube channel and an interview you you did So somebody with a bunch of silver for example, uh, minimal hundred ounces as I understand Uh can send it into a vault and you partner with some vault companies Yeah, they're like in the us or in different places around the world So we have uh eight different vaults around the world and what you're talking about here is the load token itself So we've spoken at great length now about Uh digital gold and digital silver digital agx, which is backed by one gram of silver and digital gold AUX which is one milligram of gold Um, but there is the third asset the virtual equity we like to call it and that is the load token So one of the most popular questions we always get asked is where does this where does this all the silver and gold come from? And and it comes from the community that again this platform was built by the people for the people And they do that by contributing their what we like to call idle metals. So, you know, it's buried out in your backyard It's collecting dust in your stock drawer. It's not doing anything for you uh, we we uh Have went out to the community and we said we would like you to contribute that that gold that silver into one of our A vault whichever works best for you and uh in exchange will give you load tokens Now what we do with that golden silver is we turn it into the agx and the AUX So in exchange for for purchasing the load tokens, we take this golden silver and it becomes the foundation for this stabilized money And what how you benefit is as a load token holder is you receive micro payouts every 52 days um for for making that contribution in the form of agx so, uh as as people buy You know conduct commerce and trade and send and spend You are receiving a dividend essentially In the form of in the form of uh accumulating more silver And that's the real benefit of the of the of the load token because um, you're also entitled to any Uh a percentage of any profit distributions that the load project does as a byproduct Be that because the load token is essentially uh inequity inequity assets so these three assets comprise of um the of the um assets that we presently distribute On the load platform, but again, we we also do provide support for um, you know the top cryptocurrencies out there because um We we don't want to pigeonhole people. We want people to build portfolios that are best suited for their lives So, uh, if I understand it correctly, they put the silver or the gold in the vault And then they get the token, but they don't get the do they also get the a ux or agx coins or No, so you're you're purchasing you're purchasing a bond, uh with your gold and silver And that bond pay yields a dividend that and that dividend is paid out In in digital gold and silver. So you'll accumulate that gold and silver and the bond itself the load token may appreciate over time um So the bond is So is that affected by the value of the silver or the gold that you put in or Um, no, it's more it's it's closer to more of a traditional stock bond type situation The gold and silver itself are of course backed every single gram every agx every a ux is backed Uh, that's in circulation. So um, those are immediately attached to the gold and silver However, um, you know, if the if the gold and silver market goes through a roaring boom It would likely impact, you know, the low talk and token in a positive manner and we've had, you know independent uh agencies third parties and you know review um You know investment firms review the low token and they you know, I don't want to put any prices out there Nobody's got you know a magic crystal ball, but they've you know projected some very positive expectations For for the token and for the platform Um, so, you know, there are many advantages to being an equity stakeholder in the system being Essentially an owner of the system as well as actually holding the assets designed for trading commerce, right? Yeah, on that note nega one question. I think that would maybe help for for people listening in If you compare today the state of load Compared to traditional cryptocurrencies bitcoin ethereum polkadot, etc Why would you say it's a good time? For the first movers to take a position In load today in light of what you guys are about to do I mean I the the best metaphor I could say is like, you know, I wish we had all invested in apple before the iphone you know As soon as the iphone hit the market it exploded and uh, we've spent the past three years Really doing the the legwork to do this in a in an efficient and regulated and compliant matter and now We are on the cusp of bringing this to a global market and it is absolutely going to explode um, you know, some of the some of the uh partners like yourself and the um the Institutions that we are now collaborating with are going to put this on the same level as the bitcoins as the ethereum's of the world and You don't want to you don't want to miss out on an opportunity like that I really genuinely feel like opportunities like that come along once in a blue moon And how much of that opportunity is motivated by the fact that this is an is an asset backed currency versus A smoke and mirrors currency for lack of a better term Uh, I would say a significant amount is motivated by that again people are looking for a stability in a time of of Disruption right people are looking for alternatives. They don't want smoke and mirrors anymore They don't want to you know go to bed and not know You know what they're what their value or what their wealth is going to be when they wake up in the morning You know, it's it's a pretty simple concept at grasp and I think that um loaded There's nothing really else out there that matches the level of of forethought that's been put into this project In making it a comprehensive system. There are other golden silver projects out there But they're they're trading them as purely speculative assets as opposed to a means by which for people can conduct business and live their lives Yeah, so is the is the idea to come back to let's say pre 1973 Bretton Woods type of world where we actually could typically physically walk to the bank Uh, tender our our dollar or canadian dollar and actually get the equivalent in gold or silver I think there is definitely a solid element of that You know during those times there was a definitely a much better handle on inflation But um, I don't think you can put the cat in back in the bag So to speak, you know, we now live in a much more diverse economy where where bitcoin and ethereum and uh, you know We're not the only players in the block. I think it's um It's a yes, you know, we do want people to be able to walk into You know a partner a load partner or distributor and be able to reach a reclaim their physical silver They can do that today directly with us if they hold a gx in a us. They can ask for a physical redemption That's one of the great advantages of it um, but I but it's about providing people the means to To govern their wealth how they how they see fit whether that's in bitcoin or golden silver and being able to move Your wealth between whatever assets you want as fluidly as you possibly can So so given a given the fact that the value of the currency itself is largely driven by supply and demand Where do you foresee that demand coming from first and foremost? Obviously, there will be some speculation that would assume but how how are you going to stimulate and motivate the key driver, which is The transactional aspect of the currency and making sure that it's get it gets widely Adopted in in interstate commerce online commerce, etc Yeah, well, we have all already um, a fantastic partners that are going out today and and uh, you know engaging with merchants And getting them to understand the benefits of using this system Presently what we're we're really focusing on in the q2 of of 2021 are these merchant services and making it easy for Merchants to not just do the traditional credit card processing that they already do but immediately convert that balance into Digital gold and digital silver so that they can conduct trading commerce like instantaneously instant settlements without waiting for those Having delays on their capital that they experience in traditional systems. And again as we talked about earlier Payments processing in it by accepting agx and aux is a fraction of a penny of what it will cost a merchant to process a transaction So, uh, you know, it's a two-sided market You need to have merchants that are adopting the system and you need to have consumers And so we we're attacking this from a two pronged upon some load the load pay mobile wallet experience That is available today out on the market for people. Um, you know, that is That is what for for people like me who are perhaps not business Owners, you know, and and on the other side of that we have very quickly coming up here our merchant services experience Where the merchant can can have a full ecosystem to conduct their trading commerce in these assets and Convert back out to their to their fiat currencies or to their bitcoins as they see fit Again, can I ask uh, so As a stable coin you there's the real gold the real silver involved So people can bring let's say I bring a hundred ounces of Of silver. I'm not sure if it's like two three thousand dollars, right? The value, uh, but I only get tokens. But so with those tokens, I can't get the silver back out or so The users will buy those directly from you also Yeah, so essentially over time. Um, as I mentioned, there there are our micro payouts that happen every every 52 days Every 52 days, uh, you're going to get a gx distributed into your account based on The sale of a gx and a ux out in the world So by holding low tokens, you are going to accumulate that silver back eventually The all other alternative is is once load is available for trade on a secondary market Um, and we've already seen huge increases in in transactions back and forth for low tokens You can sell those tokens yourself and recuperate Your your fiat capital that way if you so choose So there are there are options for people to Um to to get out of load if they so see fit, but you're you're purchasing a bond For a precious metals backed system and are paid a dividend in that golden silver But it itself is not the golden silver Let's say a country like Iceland or switzerland or something like that is interested In trying this out like in a big way and they might have a vault with lots of gold and stuff Um, uh, do they uh, can they start paying their government employees with these these a gx and a ux or Absolutely, how does it start this? How does it hold? How does the whole thing start? It's not enough just to have the silver and a gold and then you can start paying people or Yeah, so they would uh, we would obviously if something as large as the government comes into play We might have to to think a little outside of the box of what we do for the retail But largely the concept is the same, you know, um in order for us to tokenize the assets and put it on a blockchain and give it that Uh, you know that and turn that asset into something liquid something. Um, that is uh, you know trackable and Secure and oh, you know all in order to tokenize it and get the full advantage of blockchain technology They would have to input the gold into one of our vaults so we could catalog it and convert it into those assets and then um, depending on what we would uh Arrange with them. We would distribute we would distribute the a gx and a ux to them so that they could begin paying their employees It's as simple. It's as simple as that. Uh, but very likely what would happen is they would probably see the value in a system like this and want to take advantage of The low token and being a stakeholder in the system um, and so they would probably take a percentage in in a gx and a ux and and A percentage in low tokens, but there's lots of avenues for uh, for governments to collaborate You know payroll systems is another thing that we're working on. Uh, so that people will be able to uh, whether you're amazon, whether you're uh, you know An incubator or whether you're you know, uh, a mom in pop shop down the road You'll be able to pay your employees and staff in this in this a gx and a ux as well So let's say I want to buy some a gx I go let's say on your website or it could be on the app and I buy a hundred ounces of silver I mean a gx right, uh, what's the kind of like transaction fees like how much more than the actual value of silver am I paying To get those, uh, you know what I mean? Well, there's an interesting question in that I mean, there's a very if you're if you're a silver stacker, uh, or a precious metals holder There's a long understood uh notion that the metals markets as they exist today are presently Manipulated the spot price of what silver and gold are is not what you can physically go to a store and buy Golden silver for the premiums above them are pretty considerable Now, um, what we've done is we built a pricing oracle that allows us to take a look at what these retailers are doing around the world And and determine the true value of a price of silver what you can actually acquire, uh, you know A gram of silver for and that's where we at the moment, uh, you know, uh base our pricing around Over time as the system becomes bigger and mass volume, uh, you know comes to the platform We're going to have the privilege of being able to continue to reduce those fees until eventually Um, you know the market is is uh entirely self-determining You know, which will happen when you know exchanges come online and when again that mass volume comes on so presently Um much like in the retail market when you purchase, uh, when you uh, depending on how much you purchase Will impact the premium that you pay on it. Um, the more you buy the more affordable this becomes Um, you know, when you're when you're buying just one, uh, the the premium is a little bit higher However, if you're buying 100 ounces, you're going to be paying very very close to What you would consider your traditional spot price So if I if I bought 100 ounces, let's say and I wanted to trade it back to gold silver Let's say that would be possible, right? I just trade the agx and get them out of the vault Yep Uh But that that's like a complicated infrastructure to set this whole thing up and you have full insurance like 100% No matter what happens like let's say somebody comes and steals opens the vault and steals What's inside is it fully backed by insurance and everything? Yeah, so I mean in a in a real life situation It would be very unlikely that that would ever happen. Um, but The gold and silver in our vault is insured Um, you know, you are you are secured and that's one of the benefits as well You know, if if someone were to ever hack Your account we would have greater control than most cryptocurrency projects out there because Our assets are actually the gold and silver itself. It's not just a token that's floating off of the ether of course, uh, you know The the reality is is that human error will always be an issue but when it comes to being insured and secured You know the assets within the load project are are you know So that's part of the fee. I guess that part of the Because there are some costs and doing all this like the you want reliability. You want security safety, right? That's one of the important things to to have this work Maybe look at do you have also maybe some idea something you get to say? Hey Use yourself or so Yeah, for sure. I mean when it comes to security, it's always one of the concerns of the users in We ourselves would like to Since we are basically working Mostly on user acquisition here at unicorn That's how we position ourselves always with the user in mind That's a very good question. If you ask him about The securities you give the users Not for their own mistakes, but if any hazard eventually happens for even If it's very rare There there is I checked online. There's like 2.7 billion people in the world who either don't have a bank account or have a really crappy bank account And this is like one of the huge Important things about the cryptocurrencies, right? Oh, maybe not the crypto But the digital currency for sure need to solve this huge problem where they don't have access like there's so many farmers don't have access to currency and maybe Let's talk about that in America and this other project you're doing with the gamers, right? Maybe they They need to be able to have some kind of way to get some payment in one second with a zero small fee Yeah, totally. Yeah, we've spoken about this project with Nikolas already we Want to put it through on formation? For sure and we have already recognized As you said the emerging markets Usually have problems with their bank system and money And this is one of the target areas we are going to focus on when we when it comes to user acquisition Yeah, one of the trybacks one of the major themes we'll have at our event Here in october the startup supercup is actually global wealth inequality and to your point What you're referring to are, you know, the 2.7 billion people who are unbanked That's obviously a major contributor to this wealth inequality effect. We'll have a premier speaker therese festler from the university of singala and chief economist that will be speaking on that topic And actually what therese is doing. She's dedicating our life to resolving that problem Because 20 of the world is holding 100 of all of the equities So what you have is you have a discrepancy between the consumers on the one side and the equity holders on the other Where people are driving teslas, they're buying the product or they're buying apple iPhones But they're not actually equity holders. They don't all shares in the company They've missed out on this massive wealth creation that we've experienced. This is something that maybe nick can touch upon in terms of potentially Getting load into the equity markets and allowing for example, it might be a nice compounding effect of having people Use use load to trade on robin hood and to become equity holders and tesla and apple Absolutely. I mean all things in good time, but I do want to touch upon the the 2.7 billion unbanked people as well And and just reiterate that you know this And when we say for the people by the people we're not talking in one country in one place We're talking a global we're talking about a global community Of people that really need assets like this and that's a huge huge part of what drives this project is Is getting these stabilized assets in this isn't this more efficient monetary system into the hands of those people Which is why we're so in part why we're so pumped to be working up with people like dom and like lukas to make this happen um And and when it comes to getting listed on places like robin hood and getting uh, you know Helping people get easier access to these equities, you know, um, those are those are business relationships So we we know that as the platform continues to grow the we become more Palatable for them as time goes on right? Rome Rome wasn't built in the day as the saying goes but um, you know in in just the two the one month that 2021 has already been You know that we've already been through we've seen enormous excitement from institutions about collaborating with the project and finding ways to adopt and and Utilize this system that we've created. So we're very very excited about what the future holds both for for Bringing people to the speculative market and having that real world application for the unbanked and and the people who need it most So what you were saying dom? Is it a little bit in this direction? What I was thinking also like kind of like 10 years ago that they could be a currency That allows people to trade in maybe real estate or in shares of google or you know, like In all kinds of other things. Is that like a platform what you have right here with load? Is this something that could potentially have Work with other things than silver and gold Well, think about it, you know, obviously because you you have this big divide between the haves and have nots You have this big divide You have for example two billion people today that would laugh that would love to transact online But because they're unbanked they can't they don't have a credit card They don't have a paypal account in in most countries paypal not most countries But some countries paypal is still not is still not allowed transaction fees are extremely high So there are more and more people joining the middle class that could actually afford certain projects and services They could also afford to buy a few shares of their favorite stock But they're disintermediated They don't have a chance of doing so as a result of not having the the payment vehicle to to to buy what they want to buy You know, that's why i'm personally extremely excited by the load and maybe they can touch upon that as well Uh by maybe taking a concrete example of how for example a Shopify Website that's selling i don't know fine art or rugs in pakistan could potentially leverage load As a payment mechanism allowing people from around the world to buy their wares Yeah, absolutely. So Again, we're we're looking forward to unveiling these products q2 20 q2 2021 but essentially For the concrete example you used of a Shopify store. It's as easy as it's as easy as Going to the app store in there and plugging it in right and downloading the app and immediately your Your e-commerce store will be connected to the loads payments platform and from there you'll be able to take payment However, you want you want that in agx? Do you want that? Do you want it in fiat? Would you rather process credit cards? It's it's up to you, but But we can the idea behind this payment system is to create the ability to immediately settle to agx So or a ux so even if somebody is paying you Via a fiat currency Of their of their nation or via a credit card it will immediately settle to agx So you don't need to worry about your money being held in In an inflationary asset, right? Before Richard Nixon. It was the gold that was the the basis for the us dollar, right? uh, one thing i'm wondering is When i check online the the global economy is 38 trillion dollars or something like that Gold there's 10 trillion Silver i think is a couple trillion or something like that So maybe there is this issue that i mean This is maybe far in the future, but if there isn't enough gold and silver to handle all this stuff Maybe there needs to be some that's just adding other Other like forms of stable coins Do you see what i mean? Yeah, I mean there are there are other there are other forms of stable coins out there And reality is is that the gold and silver are commodities as well. Silver is one of the most industrial metals there is and and You know the scarcity is is a real consideration to take into effect But ultimately what this would what would end up happening is that the value of these gold and silver um assets would would Would skyrocket right much like the in the same way that bitcoin has skyrocketed over this past year Right, so I I see that scarcity is actually a positive thing And for people who have the opportunity to come in earlier, you know, this is just the beginning of of You know of the of the write up so to speak um So I see a speculation is not so much happening in the agx at a ux is more in the In the load token if I understand correctly, right? There might be a increase in value in that that aspect or is it stable like no matter what happens It's just going to follow the silver and gold kind of Yeah, no, I would load is definitely more of a speculative asset the load token is is designed For people who want to who want to come in on and building this system and bringing this system to life and Play a foundation role in in creating the new monetary system of the future And you know, it will it will fluctuate up and down based on You know how the project ultimately does as a platform just like just like the same way amazon or tesla does, right? But the gold and silver will always be the gold and silver and that will always be stabilized as it has been for thousands of years Uh, can you talk a little bit about uh the company like uh, who who's the founder and I saw on the internet that you have Headquarters just right next to switzerland and they're in Liechtenstein Uh, is this uh because they have some laws that say uh, crypto go ahead do whatever you want or Yeah, well, um, you know back in 2017 when the project started there was a group of uh, it was a group of uh, You know libertarians and and free thinkers that that really believed in um, you know Bringing these assets. I'm making these assets liquid again making gold and silver liquid again And that's really where the project got its foundations We're headquartered in Liechtenstein Yes, because it's got a very clear blockchain act that allows us to set the foundation for for this project but we are actually Have I believe seven different corporate entities that exist around the world that all fulfill different roles in in bringing this ecosystem to life Switzerland a uh our switzerland, uh corporation, which we do have as well as there to act as the the issuer for these assets Uh, you know, we're in the process of incorporating the german institution to give us the Legal coverage that we need to go out to european audiences in a big way and similarly we've now We now have a united states corporation known as lpi or load payments international which will be Responsible for building out the building out the payments platform experience and and bringing that side of the business to life as well as helping us to be compliant in um Be compliant in the united states and and with the regulators in that region as well. So really The all the corporations that we have exist to to either help us be compliant in a known region or to Help us On on a legality level for the project and to make sure that we're covered, right? So I saw on your website is seven thousand around users so thus far But do you talk about like the founders like are they famous like going around talking about it or who's the is a small team or Yeah, for sure. Um, so load is built up of a of a series of service providers, right? It's not one monolithic institution That has come together. Um, there is a steering committee. Um, we have a business plan on the website and Is for people that act as our our sort of helmsman for for the load project and the steering committee? Are are effectively our executive our executive suite for the project and um I can give you a link here to the business plan if you'd like to is it not the one that says community, right? Or but on the website and then One thing that I was trying to understand also like in terms of the security and people can Trust that the gold and silver is there. So there's a system of Which is called auditing like Of course, yes Like who's the auditor? Is that like a some kind of auditing company that everybody can trust and government There are there are four major institutions. Uh, that uh, that are considered, uh, you know a class Auditors that we have to that we have to go with in order to be compliant and we will always be using one of those four I don't have the the names of them off the top of my head But um, but it is so important for people to have the confidence that the silver and gold is actually there And that we're not just saying that right? And so we do we do conduct. Um, we do conduct transparency reports On a regular basis and we're looking forward to to increasing the level of transparency for uh for everybody But we also do get that that full-blown independent audit So that people can really have that trust and that confidence and that transparency that that yes, the golden silver are there All right, uh, maybe uh dumb Do you have some some other ideas of stuff we should talk about? Yeah, I'm not sure of it, but but any ideas, but obviously what's exciting to us is to be part of a project That's in its relative infancy despite the fact there was a tremendous amount of work. Obviously that went into it Uh, we certainly believe it's a project whose time has come if you kind of like look at the competitive environment in the space You see a little bit of everything and a lot of nothing at the same time I think the ability of having this uh dual currency that has on one side A high probability of increase in value in the speculative side the token itself While at the same time having real world applicability, which really is what I think we've been missing Missing out on even with bitcoin. It's not fully integrated into into e-commerce yet. It's starting to Uh, but I do believe that uh, you know, one of the uh callings in life for forload is its ability to be nimble in a marketplace that's shown to be relatively Unflexible or a little bit rigid and uh, you know, I look forward to the time where you have literally every e-commerce website That's load empowered making it Simple for both the merchant and the consumer to transact Uh, when I look at uh, um, I think it was more than 10 years ago I saw some guy talk about kenya and the impesa that I think it's called right over there and uh What what I see on the internet is that uh, it's there's a lot of grandmothers and like everybody can just figure it out And it's just like it needs to be easy. It's not just something for uh young guys to play around Yeah, I mean obviously yeah, I I spent a lot of time in africa So for example the easiest way for those of you have not been there yet Is that you'll go to a gas station the kid pops up with his moped 12 13 year old and he shows a short code On his feature phone that short code gets redeemed for $3 worth of gasoline. He fills up and he drives off Grandma does the same thing and be you know, very similar to what happened in africa When uh, you know when they jumped straight from Having no copper to mobile, right? So they did they bypassed the leapfrog the copper stage for telecommunications In this sense, they've actually leapfrocking the entire banking system They never had access to going straight to a cryptocurrency which which what mpesa is mpesa Is owned and operated by by safari calm the largest one of the largest mobile operators in africa and eastern africa Above all and it's currently available In kenya and yuganda and and tanzania And it's amazing that uh, this has been pretty much 10 years before everybody else. This is like trying to get it things started and rolling in the um Like one thing i'm wondering is the stuff like uh, ubi the people are talking about ubi and all this this crisis That's happening and that the governments need to be able to give money very quickly to all the people Uh digital currency is one of the reasons i think probably why the central banks are thinking about how to You know like get on everybody's phone immediately that the money Maybe also charities like let's say a billionaire wants to give a bunch of money to people But it's so complicated right now But if there's a way for them to click on one button everybody gets the money directly This is maybe something that's going to be possible Look, I think I think from my perspective as a marketer and actually as a person who has dealt with these types of friction points for 25 plus years I think most definitely so if you take for example Take a look at the at the digital marketing space where sometimes we are in the digital marketing side our level seven between the client and the actual Entity that actually allocates the media dollars and each Intermediary doesn't do anything besides resell the service and taking 10 to 15 percent of the top I mean it's akin to corruption right so clearly the easiest way to get rid of corruption is by Disintermediating the intermediaries and I think this is an idea as Tony Hems comment in that sense Where if you are a central government and you want to make sure that the money that you're allocating your budgets that you're allocating towards Any destination go from point a to point b without going through five or six middlemen this is the way to go So this is the link you sent me with What is it? Is it like a presentation? Yeah, so This is this is our business plan and people can check this out by by registering an account on load dot one And it sits right there in your dashboard for this read But uh from here, uh, you're able to take a look at Everything we've essentially been talking about today as well as take a look at some of the some of the institutions And some of the individuals that play key roles within the project So this uh, you can learn a little bit about our leadership here You can learn about the technology that we've used to build this platform and our forward-looking strategies And and you know how the how the project is is really going to move forward Into the future. Um, so it's great. It's a great resource again Just by checking out load dot one and quickly signing up for an account You can gain access to this document if you're interested about learning more in the project What is the park in the Cayman islands do for example? This is where uh, uh, one of our one of our major bolting uh, bolting corporations Is so, uh, I believe you're referring to, uh, the Interfix corporation and their their responsibilities revolve around Um revolve around the the bolting and the management of the gold and silver We do again have a vault in eight different countries Uh around the world. However, um, you know, interfixes the institution responsible for for managing that Uh So there it says something about how much uh, silver is right now vaulted. Is that a lot 580,000 Uh, I mean it a lot really depends on your perspective. It's certainly a start You know, uh, well over well over uh, seven million uh, dollars united state, uh, usd was a it was uh, Initially raised through this golden silver and we're in the process of of fundraising a lot more with institutions And and investors and people looking for an opportunity to really get in I would say now is now is the time So basically 1,300 people have have put uh, this amount of silver in there and how much is this like a recent numbers and uh Yeah, so I mean this this business plan is uh, somewhat of a living living document I believe this was uh, last updated prior to Um prior to the christmas, uh, you know holiday season so to speak So, um, you know, we've we've done some significant fundraising since then so those numbers are probably up We've also grown in numbers as well. So You know, uh, but we do do our best to make regular updates so that people are reading of course Recent information and same with the website as well. Um, we are uh using a life feed to To give people full full transparency and visibility into into what think what you know The volume is in terms of users and and uh, you know, the the cost of Acquiring agx and a ux and all those important metrics and so on this there's even some talk recently with all this game stuff stuff with all the the The small traders revolting through reddit and everything there does even talk about like a few days ago They were boosting the silver or there was talk of that. Maybe they were Uh, there's uh, there's there's always a lot of talk when I watch these videos Uh, with uh, for example max keiser who talks a lot about bitcoin and stuff But they always talk about the silver and the gold is like this is something that you know Just uh, because the the governments are issuing so much fiat currency and the the debts are huge and um Well, I mean as I as I mentioned, uh, you know, uh earlier, uh, it this is really bringing, um It's lifting the veil on the corruption that we see in traditional, uh financial markets And um and we were really excited because we think this whole experience with With these traders, uh is is starting to disrupt the manipulation of the metals markets That has been a long-standing issue Um in the community and really this is exposing a whole new generation of people to gold and to silver You know through through what has happened with the wall street bets and uh, you know reddit Sort of movement that's taking place right now. Um, we personally have already seen, uh, you know The advantages of this of this movement. Um, we've seen a big pump of of new users over the past few days And people are excited about learning about why gold and silver should be part of their their portfolio and part of their wealth um so Back to you Yeah, because I was watching these videos actually posted by the world economic forum Where all these, uh, uh representatives are like the one guy was from the singapore, I think central bank the eu central bank Like everybody is pretty sure that the digital Currency is definitely coming. They're even talking about the next couple years. Some of the countries are going to implement it China it seems already has Something going on like there was a wechat money and the alipay and I think china is doing their digital currency to kind of like, uh puts um, what do you call it like, um I mean, I don't know if that's I guess you talk about all this and so on like It's definitely happening. The question is what how is it going to happen and who is going to do it and how soon, right? Yeah, well, I think it's important to remember that we already have digital currency You go you log online and you go to your bank account and you do your e banking and and that's that's already A digital currency in of itself. So we're already halfway there the aim to limitation of blockchain technology Just means that there is going to be a greater level of Accountability and and transparency within those within those currencies It's a better cataloging and management of of those currencies and and so I I believe, you know 10 20 years down the road almost every country In the world will probably have its own Crypto currency and there will be a continued transition Towards using blockchain technology and distributed ledger technology over the legacy systems that we use today because there are Efficiencies that it offers that traditional that traditional legacy systems do not But again as I as I brought up very early on in in the show today Just because it's on a blockchain doesn't mean it's any better. It's still just a fiat currency It's still the same broken record just with a new face paint on it And so if you you know, I would highly recommend people people take a look take a real hard look at how Their fiat money has performed over the years and and it's time to begin looking at alternatives and consider switching to currencies like agx like a ux like bitcoin that are alternatives that aren't controlled by a A small board of shadowy figures or a a grew a small network of people that are going to act as gatekeepers Again while load in its in its infancy stages You know may look very similar to a traditional corporation It's designed to become more and more distributed as the community lows and grows until it's entirely self-govern And the project really is not about being a gatekeeper. It's about being Uh, or it's about being a facilitator. It's about providing creating a platform. Uh, that is Autonomous and provides you easy access to Um to the the you know payments and economy and of the future There's a little bit talk of a bunch of countries Adopting the u.s. Dollar as they're like the what's called Uh, the dollarization of those countries or what you call it like that but reserve currency Yeah reserve, right, but uh, let's let's think of africa for example Um, they have a lot of the gold and silver or maybe I don't know about the silver But they have a lot of gold mines over there like in the congo or something like that Maybe there is some kind of way that this would be a good kind of uh currency for them instead of the us dollar and maybe the eu should should jump into this Occasion and say hey, how can we how can the eu kind of like boost this or something like provide some kind of uh, you know Like people need to have a trust Next level of trust, you know, like you're in in the early days. I'm just thinking try to think about the future Well, there's a there's a lot of risk with when you when you take a fiat currency on as your reserve currency Dom rightly pointed out that all fiat currencies have failed and I think we've seen a great deal of instability in the united states Which maybe you should put some questions into people's mind about whether or not this You know the usd is really the smartest long-term option for for their country You know and and assets like gold and silver are are not controlled by a federal reserve Ultimately, they are they're just global assets that are That have a universal truth of value to them. They're collectively agreed upon. It's having inherent value and people need You know need access to that kind of money to that kind of stability if we're if we're truly going to have uh, you know a currency that is You know Going to succeed in the long run And I and I would encourage countries to examine that, you know, if the concern is like we want something We want something that's branded, you know for us, you know, we have the ability to to do Metadata on the assets, you know, we can develop or issue specific tokens that are Clearly say this came out of this region or this country, etc. There's so many ways that you can engage with this technology to create a better economy for your for your country that Uh, you know, we we welcome it we we and we encourage people to reach out to us if if um, you know If they want to find a solution a way to make this work for their institution or for their country and so on and so forth Do you think digital currencies are going to enable a new kind of applications that are uh, or maybe improvements on on things like uh interest Uh, uh salary payments or insurance or mortgage or all these kinds of things that are there like when people have bonds Then you get interest, but it's sometimes hard for them to get it or maybe there's Something I think to an extent they already have you're already we're already seeing the effects of um of You know new technologies and and new applications coming out impacting interest rates You know, there are institutions out there that will give you, you know, 9% on your on your usdc usdt liquidity being being a liquidity provider Uh, you know through things like uniswap and this whole movement of defy Um is really really incredible. Uh, and again, it disrupts traditional power structures Really we we spoke about wealth and equality a little bit earlier And part of the reason this this wealth inequality exists is because of all this gatekeeping that happens, you know Joe average isn't able to get in on initial offerings of of products a lot of the time because we only the They only want to make it available to accredited investors, for example, right? But why why should that be the case and why should it be that you as an individual Or as somebody who makes a middle class income, why shouldn't you be allowed to take advantage and participate in in the wealth generation? You know, it's it's It's just horribly corrupt and unfair and so these technologies, uh, you know, whether it's through initial coin offerings or whether it's through You know the the defy You know interests that we're now seeing we're seeing greater exposure for the everyday person to Solution the same solutions that uh, you know that the ultra wealthy of the world have taken advantage of for generations And I think that's a fantastic development so one thing I expect a lot of action activity to be happening in this 2021 is The eu the us china india everybody's gonna figure out how to regulate All this crypto stuff, right? And I think it might hurt the cryptocurrencies that are facilitating illicit money laundering Selling of weird stuff or anonymous payments and all this weird and not the tax evasion so as far as I understand you have like Uh, know your customer kind of technology, right? You you check every user that they are real And does that help in that potential if let's say the EU says this is very interesting But how can we make sure people are not laundering money and they're paying taxes? Uh, is this possible in your in the load? Yeah, absolutely. I mean this is this is a Very important piece of the platform and why we've taken the slow and steady approach versus You know immediately going to bat and then getting Regulated into oblivion like we've seen with with Libra Facebook's platform for example You know, we really do take the time to work with regulators and to provide a safe environment for everybody You know bad actors exist in today's in today's world with existing systems and blockchains can provide A great tool for for greater transparency and making sure that that people are being good actors In in the system and so you know in order to to take advantage full advantage of the load ecosystem You you do need to go through kyc and you do need to you know, make sure Prove to us that you're not in fact You know a bad faith individual, but it's a very very painless process It's not very invasive at all And uh, it's you know, it's it's optional as well If you if you want to dip your toes in and experience the system before you know lunging You know 100 and you do have the ability to just open up an account and explore and And use the wallet before gaining full access to the entire suite of tools that we can offer But yeah kyc and knowing your client is incredibly important So the knowing your client part of this could be let's say at that I keep coming with the idea of a government getting involved Let's say Iceland is interested. They might get some kind of A way of checking all the users and and approving the way that it's implemented on in the country or something like that Yeah, I mean, I mean it's it's You're pretty close to the how the process works, you know, we partner with institutions Uh that allow us to uh operate in a regulated fashion and uh with with corporations that perform these checks and You know when necessary And and basically we we manage Uh through these partners, um the cataloging of the of the users as they come into the system And so if there was ever a reason a government Would want to audit Us we would have we would you know, and and we would have the ability to provide Um the information as necessary, but we're not ever going to sell your information We're not trading information like you see on on facebook Uh, you know the antitrust suits that that have come forth with big technologies, you know, we we don't Use it for anything. We've been remotely close to that It is purely there to make sure you are who you say you are and that somebody isn't committing identity theft Right. How awful would it be if if you add, uh, Somebody build you a whole load account based on your identity because you know your credit card or your your banking information was hacked And and so that's why these checks are there It's to protect it's to not only protect the system is to protect you as the individual uh There there are all kinds of other ways that digital currency could be done without crypto and it could be like on aws or Google cloud or something, but uh, your argument is definitely that there is a reason why you want to decentralize Where the money is but there is this risk that people like their uh, as their usb stick gets corrupted Or they forget the password or as they lose it or you know, they they get stolen and Maybe you could you but maybe you could just host a copy on your google drive What do you want to think about the distraction? The reality is is the human error is human error Those it's it's almost impossible to remove the human equation entirely from that But you can have redundancies in place that that give you the same level of comfort that that you exist So that you experience with the existing system today You know blockchain technology is is still just coming into its own If you look at mobile the mobile wallet experience from back in 2017. It was painful. It was brutal Compare that to the the low pay mobile wallet experience and it's it's you know, pretty seamless onboarding of that and the the thing is is that what makes a blockchain so powerful is Is how it is decentralized? So the the Taliq buterin actually spoke about this years ago And there's actually multiple kinds of decentralization and I'm going to speak about two of them today One is political decentralization and the other one is actually like physical Decentralization so what I mean when I say this is, you know, how many computers make up the system how many how many different processors and you know hard drives are actually processing the blockchain and then Who's in control of it? So there could be a billion computers, but if they're all run by microsoft Then then the power again becomes centralized and historically and when it comes to political centralization time and time again We've seen that when uh, when power is consolidated to only a few group of people. This is when you see very autocratic very Dictatorship types of environments that are that are honestly very very corrupt. So the more distributed The power becomes the more democratized the healthier Society we generally see And this logic again applies to to monetary policy and to money when only a few people are responsible for making all the decisions that impact everybody You know the the impacts of that are pretty pretty colossal now on the physical decentralization side of things You know, how many computers are are making up this system? And this actually makes a blockchain technology very very secure because as you know blockchain technologies are Basically ledgers that are documented but and confirmed by multiple computers around the world thousands of them and in order for A hack to successfully and i'm just i'm going to make it as simple as i possibly can for for any neophytes listening today, but uh essentially in order for A hack to successfully happen. They would have to simultaneously break into over You know well over 51 of of the computers processing the blockchain. So the more Processors the more miners as they're called in the industry there are for these blockchains The the more distributed it becomes and the safer it becomes so You know something like bitcoin is almost impossible because of the sheer number and size of computers that are initiating and processing The transactions and participating in mining on the network But i did i did hear that for example china has more than 50 percent of mining Because they make these chips highly optimized to do the bitcoin mining and what if china decides to Like do some kind of weird stuff to all this bitcoin stuff They might decide but so there's actually mining involved with the load um So load is built on uh is designed to be platform agnostic We have our internal ledger for for managing inventory, but then we issue our assets on public blockchains Presently we're listed on uh on syscoin for agx and aux which is uh At its core um a fork of the of the bitcoin blockchain and so we have about 40 percent of the same miners that That bitcoin presently has Making it very very decentralized and to your comment about china, you know, it is hypothetically possible that uh That eventually somebody could become so efficient that they would Effectively have a 51 percent majority But uh, you got to remember that just because the miners are out of china does not necessarily mean that the chinese government Specifically controls all the miners. There are multiple businesses within china that do bitcoin mining and processing And and the majority of processors may be in china, but that does not in fact mean that one monolithic institution controls it that's an important Distinguishing there. Yeah. I mean, uh, some people talk about the chinese government controlling all the chinese companies, but i'm not totally sure That's really happening uh, hopefully not Yeah, so so But when you say decentralized there's still the load which is a centralized entity in this whole process So it wouldn't make sense to host the whole thing on the aws instance or something like that Well, if you hold it on aws You know, you're a lot more vulnerable to the traditional kinds of hacking that you see in That you see in Well in the in the tech space today, so it's It's important to uh to bear that in mind That's one of the major reasons why you know that we are migrating away from the the digital currency systems that we have with existing bank infrastructures And to your point regarding the To your point regarding load being centralized again, like the system has to be built In you and the way that load engages is it's not a monolith, right? It's a it's a it's a series of service providers coming together to achieve a mandate That is what load is comprised of and if you I take an opportunity to take a read through the business plan You'll see that that that you know, there are many Players that are helping to build this ecosystem Um, and this is to help create a more distributed Um, you know platform for people and when in terms of how it's governed in its early days and its infancy Yes, it will resemble a little bit more of a centralized entity, but it has been Designed so that as more people coming on to the platform and its scales Um, it it becomes more and more governed by the people Right, and that's the true vision is that to have this thing operate autonomously collectively And and not have you know a board of shadow we figure so to speak as the as the name or as the euphemism There's so many cryptocurrencies. Are there any competitors doing something similar or are you definitely? Defining yourself as a stable coin. I heard this this called tether and usdc and they're like trying to Uh get fixed on us dollars, but it's hard to What's it called a Check that it's real dollars behind it. What do you call it audit, right? so How soon is the audit how often does it get audit? Sorry, there's so many questions, but there's going to be an audit like every month. So how does it work? Well, I mean auditing is expensive. Um, what we what we can do and so we we're getting in the in the habit of trying to do them annually, right And as as needed as requested by any regulatory body that is necessary, but um What we can do to increase transparency in the meantime is we can release vaulting reports with our vaulting partners So that you know people can see from the institution that's actually vaulting the silver and gold that yes, it's there and then we can have a larger independent audit In the annual basis and this is and uh, you know, we're trying to develop more technologies that will give people Better visibility into that but um, they do require a great deal of innovation there So the idea is to yes try to provide people as much transparency as possible so that they can have that confidence that The gold and silver is is actually there. Are there any competitors trying to also back their cryptos with a silver and gold or They're not they're definitely unique in the world the what you're doing Well, I think there are definitely plenty of competitors for gold. I think silver is perhaps We're a little more bleeding edge in that realm There have been some players that have been in the gold space for for a while now But again, I think that the the scope of what they're trying to do with these digital Gold and silver assets is nowhere near as colossal as what we're attempting here with load they're purely just tokenizing some gold in a You know in a speculative fashion and They it's just designed to be listed on an exchange and people can treat it You know as a speculative asset, which is fine, you know, we firmly believe there's lots of room in the ocean for for You know competition. It's healthy. It helps drive innovation but I but I do firmly believe that we are You know unique in our vision and unique in our execution of how do we make this not just a tokenized commodity but a true Monetary system, you know for the people by the people All right Thanks a lot. Uh, thanks for this. Uh, I hope my no-coiner questions were okay uh No, it was an absolute pleasure coming on online to speak with you today I can't thank you enough for the opportunity and of course Dom. It's always a pleasure to to talk and converse with you um And uh, yeah, I really hope that uh, you know that the audience listening in today was interested in the project Would love to see you join us over at load dot one We have a really active and engaged and friendly community And you can speak with me directly along with the thousands of other people that have already begun to to make the switch to a better monetary system and there's a telegram also and I see you on twitter and Uh, and dom maybe you can you can say a little bit about uh, you think it's it's huge to like you have the startup super cup that's coming in october and it's going to be a lot of focus on uh uh, doing solutions that are helping the next billions of people and write the financial what you call it the Access for everybody and stuff like that. Yeah in this case what nick calls defy decentralized finance Is definitely going to be a mainstay. It's also going to be one of the major themes at the startup super cup Which will be held right here in sarla la canada southwest of france on october 1 2 and 3 of 2021 You can go to startup super cup.com. You will see load on uh on the home page as one of the exhibitors Nick will be given a keynote speech. You will also be part of several panels that revolve around defy decentralized finance So you get to meet them in person along with several members of the team And I think that between now and then uh, we'll uh, we'll see load make some Make some waves both in the media and in terms of uh impact as as an alternative currency fintech is definitely one of the big sectors That maybe europe can play a bigger part in the future right when you talk about looking for the next unicorn And uh load is talking about having like offices in switzerland, for example, and uh the Opportunities right there. Who's going to do the best? digital currency and there's a lot of innovation competition happening And maybe this is this is the one that's going to be huge Well, we definitely believe that load has a Huge opportunity a huge chance, you know to grab massive market share when it comes to democratizing the process And and allowing everybody from every every person every walk of life You know both in the buy and the sell side to participate and and as nick mentioned earlier not miss out You know, we're also in it for the greater good and one of the core principles that we follow is this ability of technology to bridge the gap between the halves and the half knots and you know, reducing the global wealth inequality And I think this is one major stepping stones towards helping us achieve that All right, so thanks a lot Um, thanks everybody. Thanks. Lucas. Thanks guys. Thanks for having us. Thanks for having us. Yeah Thanks