Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Shuyao Kong

๐Ÿ‘ค Speaker
178 total appearances

Appearances Over Time

Podcast Appearances

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So for us to also get, we are also incentivized to get more mega to hit our KPI, to continue to earn tokens.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So everyone, I think the mega token is so beautiful because it just aligns people who are naturally not aligned.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

historically, right?

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

The retails are complaining the VC is dumping on them.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

The VC is saying, hang on, the founders also dump on me.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And then everyone is just like pointing at each other like Spider-Man.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

But what we're trying to do here is like, look, the core team took Solitaire.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

look, we give retail allocation at very low valuation.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Look, this thing has a revenue stream.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And look, everybody earned token by, you know, staking to earn KPI.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

And look, by the way, we love Ethereum so much that one of the KPIs is Ethereum decentralization.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So yeah, I think things come into a nice place because we just spend hours trying to like, again, apply imagination and creativity to token because we don't view token as equity.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I can share the rationale because we are an Ethereum layer 2 and we took performance trade off.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

It is to our interest that Ethereum layer 1 to be as decentralized as possible.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

So instead of just shouting it on top of our lawn, we're like,

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

we're just going to allocate token toward that KPI and everybody wins if that KPI is getting hit.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I think our token is like super transparent.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I think to start with, everyone had a cost base.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

Everyone who gets Mega, invests in Mega, there is zero airdrop farming.

Bankless
MegaETH Token Launch with Co-Founders Shuyao and Lei

I think when we started, there's no airdrop farming.