Jag Singh

um and i looked at tokens as i didn't like them they seem scammy front loaded as is backloaded we sold a tiny proportion of our token and the rest of the token sale goes on for five and a half years and in line with advertiser growth if you look at snapchat and instagram that's how long it takes out to build out an advertiser economy in a new platform and it's in line with that um but in terms of we converted the eth or the other cryptos that we've collected into fear because

the market is volatile.

And I think it's disrespectful and it's irresponsible to investors to basically, it's safe to eat tanks and then all of a sudden we lost that capital.

I feel that's irresponsible.

We're arguing on the upside of our own token.

um not on eth so i personally my belief is that everyone in the top 10 um maybe bar eth and bitcoin will be switched out in the next uh 12 to 24 months i mean the thing i have a hard time getting my head wrapped around those you basically just told me you sold one percent of your tokens for 20 million dollars which implies that you're worth two billion dollars today this is just it's insane

So there's a burn.

So if the price drops below a certain, all the rest of the supply will be burned.

So there's a whole ecosystem behind it.

Tell me how that works.

I don't understand that.

That could be the whole value.

20 more could be the entire value.

If it doesn't hit a certain price, the rest will just be burned.

Sure.

So it's basically based on a price.

So if the price drops below $1,

then the rest of the supply will just continually be burnt.

So we'll take the average price from the exchanges on any given day and there won't be a sale that day.

It will just be burnt, burnt, burnt, burnt.