Namik

We capped the nine hundred ninety nine mil because we didn't think it was fair to buy a unicorn valve and from like from the from mega.

And yeah, it ended up, you know, oversubscribing by like 25x or something.

Obviously, you know, Bitcoin was not at 70k.

And yeah, that's basically been the thesis.

The thesis has been for better or for worse that we don't necessarily think airdrops make sense.

We think that like, if the potential users want to be owners, they can be owners.

And we basically gave them access and we try to have price discovery be accessible to, you know, participants who aren't just VCs.

Yeah, let's see how it pans out when the time comes.

But we do think that, I mean, I'd personally rather have like 10,000, 15,000 crypto users as an investor base.

They love crypto.

They understand why this industry needs to exist, as opposed to like a couple of big VCs that are great, but it's just like two free people.

Less momentum, I'd say.

Reddit did something similar, actually, with their mods.

Power users of Reddit were able to invest in the pre-IPO for Reddit, but maybe we should get rid of that one.

Securities laws, whatever.

We're in different phone booths.

So we're working on it.

Bingo, bingo.

I think the goal is apps, right?

Like we want to get some of these apps live and we want people using some of these apps and seeing what's special.