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Shuyao Kong

๐Ÿ‘ค Speaker
178 total appearances

Appearances Over Time

Podcast Appearances

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

You know, people are saying token is dead and everything's equity.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I just think they lack imagination.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I think mega is a token business.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And USDM is like our first revenue stream, which, you know, we're collaborating with our ecosystem, rally behind it to make sure that, you know, people who believe in mega and taking risk, right, and participating in the ecosystem are getting compensated and rewarded.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And, you know, we're not abandoning them.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Like we love our token more than anyone else.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Exactly.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Yeah, I think getting business model right was when we started Mega, we were like, okay, just producing block space is not a good business.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And we also have some big news coming in May that's

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Yeah, so all I'm saying is we've been building a lot of things beyond just a blockchain.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

In terms of, you know, token, getting value back to token holder, there are many ways to do it.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And I'm not certain how much I can say, but based on...

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

depending on what my general counsel tell me, what I'm super clear is the dollar that mega takes home, right, whether it's from proximity market or from USDM, that is going to buy back mega.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

In terms of the mechanism, we...

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

are deciding the best and most fair way to the market.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Given the past experiences, and you guys have seen it on Twitter, there are different ways to do it.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And then there are ways we can disclose it.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

From our perspective, we just want to assure everyone that, you know, the money is not going to go to the core team's pocket.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

The core team is very incentivized to have the token go up.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And the primary reason is that the core team only took 9% of the entire token pie chart.