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Current Markets & what to expect from Summer by Michael F
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Nov 6, 2023
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0:00
Can you see and hear me well
0:03
Yes, Mike, we can hear you. And welcome to the show over here
0:08
And we are really happy and great to see you with us for speaking and telling us more about your platform, Market Making Pro
0:20
But I'll just give a small background of you and Market Making Pro that Mr. Michael with his team, they had started this consultancy agency in 2016
0:37
And I have been like personally knowing him from 2017 when we met
0:43
And he's also, you know, a part of Threefold Foundations and many more projects
0:51
They are coming up. They do support projects for, you know, market making
0:58
And also these days they have their own launchpad for the people who are really interested in doing their ideas
1:08
So over to you, Mike, to let people know more about you
1:13
rather than from me yeah and no worries yeah thank you so much for the intro um first of all i
1:19
wouldn't love to pay too much attention and what we're doing and what is the current focus and um
1:25
just like the short hazard as let it mention we started as the consulting agency and then
1:32
since that we've been developing the different services and um market making is one of the
1:38
things which has developed and improved since 2017 and we've seen a lot of
1:42
tokenomics a lot of different models and quite cool concepts and over time which
1:47
is the cool thing we were able to see how things are getting better and better
1:51
well however as you can see you go the latest let's say events and things
1:57
happening in the market we still can say that it's quite early on one hand side
2:01
recruiter and we have to be conscious about what we are doing we need to study all the tools and
2:09
all the different elements and how they work and how they interact with each other but i would like
2:15
to divide the perspective into two different ones and how we have to approach it as individuals
2:20
on the first hand side and as well as what can we do as the companies to make the space better
2:27
at the same time I have to earn money in the proper way and to give an
2:32
opportunity for the other people to earn because that's why we're here so yeah
2:37
it's been quite a journey we like it a lot in the since that time a lot of
2:42
people are confused right now so hey guys you doing market making and that's
2:45
it pretty much from the name of our company but right now we are more like
2:51
the accelerator and incubator we are investing in the projects ourselves, discovering different markets. We do have a launch ban
3:03
and farming platform. We do have our own token, Asbop. So right now we kind of
3:07
decided to diversify the product line we had and that gives us a very good
3:13
opportunity and the network we gathered all over the time is quite
3:17
interesting. So we can collaborate on the different things and cases. Let's say
3:25
usually we house the projects in the very early stages and sometimes the
3:29
project just come to us and ask for our advice on how to approach the building
3:34
the right tokenomics in a proper way, what to do and what not to, as well as being
3:40
the market maker puts the responsibility on us on understanding how to approach
3:46
the trading process as well. Yeah so that's probably the purpose I can tell
3:54
what we're doing as the market-making pro company. I'm always open to your
4:01
question guys and I hope lovely to hear. I would really love to hear your
4:06
opinion as well and how do you see the market and maybe not how quick we're
4:10
going to recover but just to discuss a little bit more on what is the best thing
4:14
to do now as the company and as an individual and what are those let's call
4:21
and the safe islands to go to during these times because right now we have a lot of people a lot of
4:27
newcomers through 2022 end of 2021 and 2021 itself as well so most of the questions i receive usually
4:38
from the people not crypto related is like what is what is the best thing to start with
4:45
well what are your thoughts definitely you know this uh market first i would like to know from you because you are the one who
4:59
is running a launch pad and uh inviting people projects for idio so what are your suggestions
5:08
for uh those projects those who are really keen to launch the idio what you would suggest in that
5:18
how they should appear in the market and what are the things they should you know
5:24
cater before jumping into the market to raise the funds okay i would say right now it's it's going to be quite harder to raise the funds for sure
5:37
due to the various number of factors and of course the last situation hamper to three hours
5:42
is one of the proofs that sometimes the money invested and the way the money has been invested
5:51
probably not that they were not invested with the best risk management approach
5:59
in my opinion however what i see for the launch best as for now um since it's summer most of the
6:06
liquidity is up from the market and as for now I see few listings going on some
6:13
of the launch pads are still doing the IDEO's and IDEO's but right now the
6:16
community and most of them who do trust the project and who do follow and who
6:22
still participate I would strongly recommend personally to diversify those as much as possible and to understand how much of the resource you have in
6:33
order to understand that sometimes you might have to wait maybe like one year
6:39
or so but also you have to consider the tokenomics and how much of the
6:44
allocation you are gonna get in PGE and just consider risk reward ratio that's
6:51
for no likely for the regular user who's approaching and doing the research on
6:56
the other hand side as of the projects I'd say I really like what is going on
7:03
in the market because sometimes we have to face the situation when we have to
7:07
evaluate each project and to understand what is the actual value which is
7:12
bringing is it scalable enough is it flexible how does the ecosystem work and
7:17
we just have to rethink the things which were we thought were built well so still quite fragile and due to the various factors a of the markets are affected And as well as the total situation in the world currently it not looking bright and shiny
7:42
However, I do think that we are responsible for going through and making this path this way easier and better for us and for the ones who are around us
7:53
So if we take the responsibility, things are going to get easier
7:59
Okay. And like you mentioned that this is the summer going on
8:06
And what do you feel that by when this crypto winter would be coming up
8:14
Oh, yeah. I don't quite like the term crypto winter or whatsoever
8:19
But as I do, I do trading as a hobby. It's my part time and I love it
8:26
I enjoy understanding the markets and seeing how the liquidity is moving or how the certain
8:31
assets are able to do certain events. Yeah, it's quite amusing for me
8:37
I do not take it as the full time job because it's probably not my thing, but as a hobby
8:42
I enjoy it a lot. So as always for summer we see that liquidity goes away and a lot of people are going and
8:48
taking off for vacation. I do expect to see more movements probably by the end of August
8:56
or September. But the thing is, when most of the people are expecting something to happen
9:03
that might not happen. So we have to look at the right place. We have to study the market
9:13
that we have to study ourselves. Because me as the trader, just moving and discovering what trading is
9:23
it's brought up a lot of personal things. So one of the things which I would also recommend
9:30
to everyone personally is just invest the time in studying and learning new things as much as possible
9:39
because that's something which would never lose the value at all. And that's probably the best investment ever achieved with it
9:49
Say, if you want to learn that item, if you want to learn solidity or something
9:53
right now it's a very good one. I consider summer as the time for building, which is cool
9:59
Yeah, I like it. I enjoy it. You can re-value it and see what have you done in the past nine months
10:05
and just probably try to change the approach a little bit. or as well as look at different things
10:12
at a different level to understand if you've done the things correctly
10:16
or if you have to try something else out. Yeah. Also on our end, we see a lot of things happening
10:25
and we're used to be right there when all of the events happening
10:30
and we do organize the events ourselves. One of the next ones we are hosting in Dubai in October
10:39
So, yeah guys, welcome to the Uval Summit as well. We're waiting for you in Dubai
10:46
Then Portugal, we're going to go to Lisbon in November, but it's going to be the end of November more likely
10:52
So, yeah, for us it's very valuable speaking to people and understanding what is going on in the market
11:00
in which direction people are looking what thoughts they're sharing and which products
11:06
they are working at this certain moment yeah so i say this year is going to be interesting for sure
11:13
definitely uh what we are seeing at the early beginning of the year and right now this beer
11:22
market bull market i know it's uh very hard but uh everyone is uh expecting that it will be
11:29
improving by the end of the year what do you say about it because i'm asking you this because uh
11:36
for the community the whole community uh i would love to get this uh details from a pro trader
11:44
crypto a person right so everyone would like to have oh yeah yeah sorry i forget to mention
11:54
I'm the day trader. Right now, I close my investment portfolio in December. It was late December when I see that things are not quite working out well for it. I closed most of my midterm deals by end of December. The last deals I closed middle of April. The ones I loan. More likely I do day trading
12:17
So, it's fun when you can catch some movements from the early morning
12:22
You can set up the orders and then, you know, you can go and just enjoy the routine, enjoy the work
12:32
Then by the end of the day or by lunchtime, you can check what is going on and if you are right or not
12:37
For me, it's more likely that the game for my brain if I did all the ytics properly in order to understand if my position is going to be closed with profit or by the stop loss
12:51
The only thing, as I mentioned, it's very tough sometimes to wait for the things to recover
13:01
It's very hard to expect something at a certain time. But we also have to consider new factors
13:08
And if there's going to be somebody who is going to tell you, say, hey, this November, we're going to hit a certain number of different assets
13:17
So there are two options. Either this guy doesn't know what he's talking about, or he's got inside information
13:22
But even though he's got inside information, it doesn't make it 100%
13:28
isn't true, right? So you just have to prepare a few scenarios to be rated for it. And as for me
13:36
I apply this approach in my life as well after learning about trading a lot. And it gives me a
13:43
lot of release because if you understand the options you have, and whenever the situation
13:49
is happening, you just choose the one which is more efficient for you. And you don't spend too
13:54
much emotional resource most of the time. So hopefully, we'll recover and things get back on track
14:01
by the end of the year. Might be longer because we never know what's going to happen next
14:07
But something, as I mentioned before, which we have to take care of is our education, our skills
14:15
what we know and how we understand the markets, and learn about risk management as much as possible
14:22
I know because right now there are many friends of mine who suffered. Like, yeah, I guess May was quite, the end of May was quite harsh for them
14:31
And yeah, the Luna, the EST things went crazy, crazy. I know people who lost a lot of money on that
14:40
So it's not the risk management as well. Great. So Mike, I received one question from the community that they wanted to know what is
14:52
Market making pro So I think uh it would be great if you can tell uh the community more more about uh your platform market making pro okay that what uh you all do and uh what is the team and uh how uh you know uh you
15:11
or your team is going to help the future projects or how your team has supported the previous projects
15:20
Okay, easy, easy. So, one of the products of the MarketMakingPro is the SaaS platform
15:30
with the algorithm for trading on the decentralized exchanges and on the centralized exchanges
15:35
So, one of the major things of the projects who are just coming onto their own market
15:42
most of them do not have a big or strong community of traders from the very beginning
15:46
And so the problem is that to keep the trading off in the right way, they need the support
15:53
from the teams like us. They need liquidity providers and they need the initial trading activity
16:01
So basically, we help people to experience, to have a good and proper trading experience
16:10
So for example, the project went through the launch pad, it had their IDO, the TGA has happened, people got their tokens
16:18
But if there would be no market maker, more likely they wouldn't be able to sell or buy the tokens at the proper rate
16:26
They have a very high volatility, they might have no orders. And that's something which we have to prevent in order to provide a good experience for the players
16:35
So also it's pretty important because just the community will just come in on the ideals
16:47
as the one hand side. But then afterwards, as you know, it's a very good and important thing to get on to the
16:55
bigger exchanges with the best reputation. In order to have that, we need to build up the community of traders
17:06
Most of the times, traders wouldn't come to trade an asset if there is one deal happening
17:12
in four hours or so. And so that is something which we are taking care of as well
17:18
So maintaining the healthy price chart, providing the liquidity, and making sure that the order
17:25
books are acceptable. something what they told us on the most. Yeah that's the thing which we have all
17:36
of our clients and partners for the market. As of the launchpad we had I'd say just two or three
17:43
quick projects and because we are quite new as a launchpad right we started at the end of the last
17:50
year which was already quite late but considering the opportunities which we had for the launchpad
17:57
we still thought it's going to be a good idea for that so right now we figured out the way how to
18:05
make the things properly and how to um provide the audacity with the shareholders of the certain
18:11
companies who hasn't gone to an ipo so uh it's one of the things which we worked on
18:18
for quite a long time and we're happy to see that that is working um for the
18:24
a certain help to the projects, we do advisory as well. Some of the times, you know, there is the certain situation or the question which can
18:34
be resolved with our help, because we know a lot of people who work with the market makers
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most of the exchanges, we do have the connection with, as well as just approaching the certain
18:46
situation and, you know, giving the different opinions on how the project can proceed and
18:52
what he might expect that's something yeah so that's something valuable for us as well um i
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think i didn't mention yeah there are there are a lot of things i've been involved in myself
19:06
personally and there are a lot of things i'm interested in and i see there are many gaps in them
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i don't want to say the industry but in the approach of the information and i think that one
19:20
One of the things which is underrated a lot is that people do not approach the data ysis properly
19:30
They do not use the data they could. And that's one of the reasons we are also working on one of the internal products right
19:39
now is the basic check-out. So we need to understand what is the traction and how the community reacts to certain things
19:49
which are coming from us and how things are being done and handled
19:54
I rarely see the project who does this kind of ytics, but what we have seen that most
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of the projects do not have an understanding of what kind of tools they have to use in order
20:07
to raise the traction of the community and how to raise the exposure and awareness
20:12
Because the airdrops back in 2017, they just do not work. I am back
20:51
Yes, Mike, we can see you, but we lost your voice in between
20:57
Yeah, yeah, I know, I know, because I started to see that the internet has dropped
21:01
Yeah, my apologies. Lately, it doesn't work properly. You can understand, like, you know, people are working from home and dropping down
21:12
The signals are in regular. Yeah, it's frightening. people should go and enjoy right
21:18
that's also something this is what people wanted to know more about
21:27
you know this crypto industry that how they can earn more so they wanted some suggestions that
21:35
how they can earn more and then they can go out for a
21:39
bigger holiday they are really keen to know about your question and definitely about the upcoming ideas that are on your platform and maybe they
21:55
could invest and gain more funds for their holidays okay what are your thoughts and comments on it Okay
22:09
I might sound quite pessimistic here, but there is no magic pill
22:15
I mean, if we get lucky, it's very good. It doesn matter of the hard work on the basis right So I would recommend not to go too harsh on yourself as well but let
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me just give an example by coming back to the mentality as what I come up to as
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the trader so the thing is if you start chasing the profits a lot and that's the
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only thing we should think about 24 seven there is the moment when the burnout
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and everybody has to know the limits and everybody has to know themselves well
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because sometimes people forget that that's something they see like the digital world
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and for example that you see it's all now don't get me wrong it's always good to get paid for the
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the hard work we've done. But it has to be done in the proper way, in a healthy way
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And I found out that not finding the balance when you spend like two or three days working
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hard, twenty-four seven, and then the same three or four days just resting, it's not
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something cool which is going to bring the result. I'd say it's the constant thing which
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are done on a daily basis. And right now, it's just the situation
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If you want to get the result as soon as possible, you just have to work every day
23:54
But see, right now we come to the question of how people should address what they're doing
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How should they like it? If you don't like it, there is a very little change that you're going to enjoy the process
24:07
of discovering and of learning, of understanding how you can earn from a certain tool in the
24:12
crypto market so I would say as a trader to maintain healthy trading history you
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have to know when you have to rest it doesn't mean you have to sleep for eight
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hours but which is very important as well not eight hours everyone is
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different and each individual has the different sleep schedule that's happening which has to be taken care of as well
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My point is the more clear you keep your mind, the more efficient you are
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So that's the question of the efficiency and not of how hard it will be working
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Because sometimes you just might talk to the right people and understand which is going to be the next exit
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finance or the next gen coming into the market or the next store or the next segment of the market
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that is going to move. So I found out for myself which works that sometimes I still have to remember
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that there is the real life out there, that you need to have the obvious, you need to, for me
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that I have to stay in the sports, that I have to do something, I have to go to the gym, I have to
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like the sport bikes just to keep my mental condition healthy. Whenever you find balance, I mean don't get me wrong, I also work around 90 hours per
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day, but still I do my best to find the time when I can rest or when I can just clear up
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my mind. understanding what is the key to that routine is crucial
26:04
Speaking about our launchpad, we do not blame any ideas this summer, for sure
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One of the next ones coming is going to happen probably in the middle of September
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What we're doing right now, we are closing the deal with NetTrade
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Not yet. It's still in the process, but we should get the confirmation in one two weeks um yeah and then we'll announce it i think a little bit later also we do launch
26:31
the nfp um collection together with skate on their marketplace um and also we you know with
26:40
the few things so each nfd owner would have some extra benefits and bonuses when using our launch
26:47
have so come and check great very good no it's really nice so uh one more question uh is there
26:58
from manish uh simon can you highlight yeah so he wants to ask that what chains do you support
27:05
and what are the basic requirements to launch the project i think uh he wanted to know
27:11
protocols of this industry that you are supporting at your platform yeah for the launch
27:29
in the process of the ideals and we understand right now there are around 10 different chains
27:34
So we went with the Binance Smart Chain as the primary one
27:40
We do support PTH as well. But the logic of the launchpad allows us to launch the idea for the any kind of chain, pretty much
27:50
So we are not tied up to one chain, but we can launch the projects on the different chains
27:57
So basically, due to the logic on how we track the users and how much there was
28:05
sticked in the launch points, we can understand how much of the location each person receives
28:13
And then there is the personal cabinet activated for each user. also collects the email and we linked up with the wallet which participated in the idea of
28:27
escape where you can reach out to the person and just proceeded from there okay and also uh he wants
28:37
to launch the project what are the requirements that your platform is seeking that based on what
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now live or uh you know if manish is having a project and he wants to apply as an idea on your
28:53
platform so what are the things that he should keep in his mind before asking you to get the
29:01
application approved yeah uh i would say right now we're focusing on the projects that are already
29:09
working product. It was in the community. And right now we are, let's say it's the small series A
29:16
It's like the sandbox of the series A. Whenever there is a project, there is understanding
29:22
that it's like, hey, it's the right time to launch the token, for example. And just to support and boost the ecosystem
29:31
And that's when we are there. But yeah, as mentioned, we chose the strategy
29:38
rather not to do too many projects, but just launch one scene in a month
29:47
But just say, they are carefully. Great, great. So, you know, another question has come up from Rohiv
29:56
In fact, I would say that this is the favorite question for every project owner
30:02
So they wanted to know that how many investors are there in your platform
30:11
That's a good question. And we do not hide it. So right now, as of the community
30:16
we have around 50,000 people among other social networks. There are some people who do not follow us
30:24
The strongest community from our large web is coming from Japan. Right now we have around 3500 people from there and also around 5 to 6,000 people who
30:35
constantly participate. I would say if we're speaking about the active ones who participate in each IDO, it's around
30:43
8,000 people. That's perfect. In fact, the answer to next question is also there because one person has asked that what
30:54
is the user base of your platform. So I think you had already answered along with your investors that every investor is an investor for your platform
31:04
Yeah, we are doing our best there. Because we also see that the requirements are so different, right
31:13
Sometimes people are looking for different options. They want to diversify. And we just need to provide a convenient tool, which is easy to understand how it is working
31:25
as well as we have to, because we have the responsibility of the projects that we are launching
31:32
right, so we have to go through the screening process carefully. just to know your thoughts on it that what do you feel about this crypto industry that
31:51
you know what I feel that it's just a few percentage of people those who know about
31:59
crypto industry and they are the investors into this crypto industry what do you feel about it
32:05
Let me also put it from this perspective. I still think that we're not early there. There are a lot of people who know about critical. There are a lot of people who heard about critical. There are a lot of people who kind of know what is it. There are a lot of people who heard about all the ups and downs
32:25
Right now it's just a matter of the consciousness. It's the matter of how people are reacting or using or how they can understand how crypto can make their lives better, easier, more convenient, for example
32:43
Sometimes, and because most of the time when you hear something about crypto from the regular person, it's more likely, hey, I saw this camp, one zero, whatsoever
32:53
right and it's about the value as about convenience the latest situation in
33:01
Europe as well just demonstrating and showed up even sometimes you cannot
33:06
rely on the things so you just have to diversify in order to self-maintain as
33:11
the person as the human being and as the one who wants to be without that
33:18
financial freedom right and as for me it's really hard to disagree with that
33:25
because I in me personally I do not trust banks alone I feel it's safer when I do
33:33
have something that belongs to me which I have full access to and which can be
33:39
moved deposited or withdrawn doesn't matter anytime I need it right and then
33:46
that's something which we like all the crooked community has their responsibility of showing to the others
33:54
You can still say no we can still disagree you still they can still not believe it
33:59
It's already here. It's working and that's what we're going to see in the next five to ten years
34:05
As the technology I see a lot of beautiful ways and how it can be implemented
34:11
the only thing as kind of it's sad right now here is that we have to go through a lot of mistakes in order to improve
34:21
and you know become something bigger and more valuable more um let's say more improved and
34:32
if i can tell that like more perfect i've been watching that the metaverse trend right now
34:38
and everyone is building the metaverse, everyone is building the next Zoom meeting rooms
34:43
which doesn't make much of the sense for me. Since I always, I also have been working in the tech startups
34:51
and we've done a few things for the students in terms of the strategic consultancy
34:57
The thing is, I haven't seen the metaverse which provides the opportunity for the
35:05
let say the pupils work for the students to learn more engineering to see how a car is built or to see how a water bike is built right there and me as as as the boy we all have the same toys and ideas we like cars we like
35:22
motorbikes right but when you do not have the access to the actual machine it's really hard to
35:28
learn how is it built which part affects which kind of characteristics and what i was hoping to
35:35
seen for the past eight months when I spoke to the Metaverse projects is this kind of thing
35:44
That you can be able to learn and to customize, for example, the car. Build it up. See what would
35:53
happen if you change the fuel engine details or exhaust system and how it's going to affect
35:59
the whole car ecosystem, for example. And I think it's really achievable and especially with
36:05
the latest leader technologies it's not that hard you know to make the 3d model of
36:11
information in these days right now it's just a matter of bringing that opportunity
36:15
the same the rocket science there are so many so so many that the bright minds they come from the
36:22
high school we i think do not we we do not not like respect that we do not pay the attention to
36:31
to the ones who are eager to learn. And if we do not give the tool and if we do not create it
36:39
we just slow the things down so much. So I truly believe that there are beautiful things which
36:47
can be done based on the blockchain. Right now, as the question of time and the conscious of what
36:56
are we going to need as the community? so it's just the idea I might be wrong I might be right I don't know but that's how I feel and
37:05
that's how I see and also like being a big fan of the science fiction from the childhood that's
37:10
something which I'm missing right now so what do you think about like someone else that what is
37:22
take on uh nfts metaverse and web3 um i think okay let's start with web3 it has the technology as
37:33
well it's quite young um i still think that uh probably the next type of thing that's going up
37:43
exactly with the web3 um the only matter for me is the product for some of the
37:51
of the retro projects, I've been helping, and the Freehold is one of them, right
37:56
So the technology-wise, everything is beautiful. It's amazing how the product works
38:05
See, right now the problem is on how to grow it properly
38:11
how to bring that idea that there is something we can do
38:16
if we unite. But the problem is the product is quite complicated
38:22
And for the regular person who is not much into Web 2 or the Web 3
38:29
it's still quite hard for understanding. And that's why I'm talking about the level of conscious
38:35
As long as people start learning and understanding how different systems can affect the lives in a better way
38:43
we're going to see mantra change the Web 3. We're going to see more understanding
38:47
and we're going to see people moving and helping that part of the industry to grow
38:54
I'm not like mentioning the proper infrastructure and the proper product line and the security of
39:00
which has to be provided by the team, right? NFT is an interesting technology
39:06
Yeah, we jumped in probably a little bit. I think it's also a little bit underrated right now
39:12
because that thing was the pay-off scene is the nfc is for three million it's crazy right sometimes you can just see and there is the
39:22
nonsense picture with the few pixels on there which costs three million dollars
39:27
let's see right here like yeah i do think that most of the features of the nft they haven't been used as yet because
39:47
NFTs is the tool which proves the ownership. But there are also maybe a lot of cool things which you can wrap it in
40:01
Many people already spoke about the car ownership, the apartment ownership, the level, whatsoever
40:07
or other physical objects, but as well as, let's go back to the launchpad topic
40:17
Right now we have a lot of audacity deals on the allocations which were
40:26
Different projects from the idea right But the design schedules for some of them it just enormous you have to wait maybe two three to five years sometimes the person
40:36
it doesn't want to help anyone and he needs the money and this asset is not liquid and that is
40:43
the major problem and what i see what can be done as well as some kind of a marketplace where people
40:51
can share the allocation with all the testing firms right inside in nft
40:59
um and you can see that it's quite different to pretty much the same technology
41:06
and the core thing and cool story that it's already realized by the few projects by our
41:11
launchpad outlaw so we like to experiment and first of all we have to make sure that
41:20
we did it properly so we have to consult this the legal team in the first place to understand
41:39
um like you mentioned mike i remember uh we were talking about dubai that you will be soon in dubai
41:48
again for uh uh some event uh and the last time when we when we met together at the event uh
41:58
i saw that the you know the event was huge but totally uh with the newcomers that wanted to pitch
42:05
in uh for uh this metaverse however the everyone what i felt i don't know about your judgment that
42:14
I would like to hear that the people coming up were with the ideas
42:20
But in real case, no one has the real product. So, what
42:24
are your views on it? Like you will be again to Dubai for these events
42:32
and I believe that again the same thing you would be able to visualize
42:39
So, what is the purpose of your and all this industry oh okay okay okay so is it about the world summit or about the sigma event
42:50
which i think we went we met on this in sigma sigma sigma sigma yeah uh honestly i've been there
42:58
just one day when i met you uh i was too crazy there uh let me because the competition i missed
43:08
I do know that Aitken has presented their own project. I haven't started
43:12
I unfortunately have no idea what is going on there. I can give a short description
43:21
on how the pitch competition went on the World Summit. We had, I think, around 11 or 12 projects
43:32
I was quite happy to see that there was the project coming from the AppDeck
43:36
basically they were providing the educational courses for the people as I mentioned
43:41
And the cool story about it, because also I have to read here again, because it was quite
43:47
long time ago, but the major idea which I remember is that they were providing the educational
43:58
courses not just like the certain discipline, mathematics or physics, but they also were
44:04
the skills a lot of schools and a lot of universities they're not paying the
44:11
attention they're the real fit of the person into the market and I think the
44:19
same problem as most of the people out here whenever you are graduating there is no
44:24
understanding where to go and that cleave in between what market needs and what
44:30
you are is quite big so many students are confused and they have to catch up um the things again and
44:38
they have to learn again they have to understand again and it's doing yes for both sides so i i'm
44:45
quite interested in those projects who are kind of eliminating that gap in between and um yeah the
44:51
pitch competition was interesting i think i've seen um two metaverse there was a dow as well
45:00
um what else i think just three or four projects out of 12 which i was quite interested in and i
45:10
spoke to the founders so the major reason why we do provide this kind of event of course is the
45:17
first of all is an opportunity to talk for the games right so they're building something cool
45:23
and something new um might be something innovative as well so they have to be heard
45:30
They have to share their thoughts, how they see the things. But also the cool thing is that 90 of the project they already had a working product they already had a community They were kind of just scaling So basically they were looking for the partners and for the investors which is cool as for me as
45:49
long as we can provide a kind of space where people can meet each other these
45:55
colors and you know find the right collaboration that's already the few
46:00
reasons why we're doing things why we are hosting the events so yeah but that
46:07
one was quite cool i liked it but was intense in the morning until three because it was outside
46:15
and we did it near the the bush and oh my god it was so hot that as your preview and everything
46:22
was quite cool so quite cool event great quick so i think uh i would uh just say uh last question
46:33
question that what do you think about this future of crypto or future of blockchain
46:44
uh is it is it the event or pardon is it the is it is it a conference or the future of the things it's just uh uh general uh
46:59
what do you think that the future of crypto or uh the future of uh blockchain is there because you
47:05
know uh i don't know how many people you have met and uh they are always under assumption that
47:13
blockchain is crypto crypto is blockchain however there is a huge difference between
47:19
crypto and blockchain so what are your views about the future As a technology, I mentioned it's beautiful and it can be implemented in many cases
47:34
A lot of, for example, if we even speak about the logistics, we can make the logistic part
47:43
more efficient because in some ecosystems we can, for example, replace the real people
47:51
doing a thousand physical things like putting the boxes or sorting them all
47:55
and scaling the car calls into the smart contract. So you can scale the things down where you need
48:03
You can make things more efficient. But as I mentioned, it's not like the future
48:10
It's already here. Right now, it's just a matter of how to implement it in the right and the proper way
48:16
So I heard many... I don't want to say the rumors, but many people were having different opinions on the blockchain
48:28
just because they had the knowledge of the crypto. But for me, it's not reasonable to judge the whole industry by knowing about Dogecoin or
48:42
about Shiba. So, just to sum it up, I think, and the way I feel, I like the industry a lot
48:51
I do enjoy learning the new things. I do enjoy understanding and taking the look at the different ecosystems from the living
48:59
in order to understand how to build things in a better way and watching or to understand
49:05
how to approach the things properly. I don't want to say as ahead as the future, but it's something which is definitely going
49:16
to help us to improve, to have a better life. Great. Great
49:21
Anyways, I don't think, is there any comment further? Oh yeah, one person has asked, do you have a large customer base
49:33
It's from KMAC Travel. Yeah, it's okay. We didn't have to complete it, right
49:41
Yeah, as mentioned, right now the things kind of slow down a little bit
49:47
People go for the vacation, they get some rest from the Christchurch
49:51
And I think that's one of the worst things to do. Sometimes you have to take a step back in order to see the future
50:00
Yeah, but I want to keep going and keep moving. Great. So Mike, it was really a pleasure to have you with us about your thoughts and vision that you have shown us
50:15
And it's really good to see your platform, Market Making Pro. And we all wish you a very success and hope one day we will do our idea on your platform
50:29
Yes, we are more than welcome. yeah thank you so much for having me and i i'm glad to see you and happy to see you smile
50:36
and yeah enjoy the summer spend some time with family keep studying keep learning
50:43
because now is the time now is the time thank you thank you mate
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