LittleFish Foundation Weekly, 27 Jan 2022

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From YouTube: littlefish meeting 5

Description

Description:
Today we had a bit of a recap talking about some of our next steps, what tools we ant to use and also about some process and learnings that we want to make from our first funding.
Also Congratulations to our Winner! :)

Github: https://github.com/littlefish-foundation/
twitter: https://twitter.com/LittleFishDAO

Agenda:
- Whitepaper and Tokenomics Updates
- Funds winner announcement
- Scrum based workflows with Jira
- First donation cycle review

A

Okay, um hello, everyone welcome to this. uh We our weekly meeting for a little fish. The first thing on our agenda is white paper and tokenomics updates. So, as we just mentioned, we'll be starting work on our whitepaper and we'll be using the jira platform to distribute tasks and jacob will be helping us with organizing.

A

We will also be looking into how we're going to implement tokenomics, we'll be using the flow chart that gem has made, we'll probably be making some headway there after we get something done on the white paper, but those are our primary targets at this point, and with that, I think we can go into the first donation cycle review right.

B

So I think I will take over uh last week we completed our donation cycle and we got 24 votes for usgr's proposal.

B

Amount 1000 aida to esg for starting uh his proposal on kojele. So would you like to say something else about it? Yeah.

C

I would like to thank you for the generous contribution really uh so I already took small initiatives, so the idea is to grow 200 seedlings and move them to the uh area where the where there is a clear cut 30 years before and since then there is nothing growing there.

C

It's just a as 7000 square meter area where I would like to grow and design it as a food forest based on permaculture principles, so starting from march, because it's currently snowing here, it's not possible to go and design something there, so bags sitting backs are ready and seats are different, different fruit seeds.

C

I already had them, so I will plant them and then in summertime.

C

We will move these seedling bags to that area and we will need to open the gate and most of the budget actually will be spammed for backhaul order to clean the.

C

Area to clean the path to move something there and we will also have some secure area to keep the seedlings from animals and we will use the fences there. So that's the idea for the first cycle of donation. It is, uh I think, a kind of common standard nowadays for cardano based projects. We are doing a lot of planting projects, so it's one of the example of this cardano movement. Let's say that we are planting trees, some people cut some people plant again and that's cardano based.

B

Congratulations, sir,.

C

Thank you once again.

D

Congratulations, it's pretty cool. um I wanted to ask what will most of the budget you spend on? Did you say.

C

D

What did you say uh most of the budget will go to defenses? Did you say yeah.

C

Fences uh and the backhoe loader at the beginning, because permaculture design, you know you need to uh have the design uh by creating slayers, basically because most of the problem for the trees are that uh we lose the quality soil topsoil and there are pretty much rain. But if we cannot keep this rain on the soil and let it flow over the soil, then it takes all the quality soil.

C

So we will need to design based on the permaculture the principles actually so some yeah pretty much course will be based will be stand for that kind of design, permaculture principle, design.

C

The other part will be done voluntarily, of course, with children.

C

Yeah, what I will do is that I will also try to use for the visibility of the little fish foundation. I will keep updating community through linkedin my my profile, because I have around 2000 followers.

C

I think I can have the highest impact there taking attention of the professionals, but we have also uh have around, I think, more than 1 000 followers in facebook. uh So that's the kind of social aspect. We will share news from the uh association.

D

um Do we have the the light paper? I think we.

E

D

Paper or do we want to start a document, so sorry euro go ahead. You will have a question.

F

So, first of all, congratulations, it was a very close uh you want very. It was very close with the with other proposals. So congratulations for the success. I think, as I mentioned in alaska, I think it will be very, very important to start, and you know to realize how we do the impact ledger.

F

Okay, so exactly record where the money is going for every expense and exactly record every impact that is happening for every dollar. I think that will be very important to start understanding how to build the impact ledger for for projects.

F

That's my recommendation.

C

Yeah, I think uh one exam one thing that we should consider such kind of donations is that, um for example, the the ada 1000 ada is still in the in that account, and you know there was a lot of decrease in the ada uh cost. I mean ada price, so it is a bit wagoness. You know, I don't know whether should I immediately exchange that money that either or just wait for a while, maybe the ada price will increase so depending on that ada price.

C

The report will differently. Of course I mean I I'm for me. It's very important that also to show the community that we, we establish a trust, and this um should be known by the community, how it's spent.

C

So that's one question basically in my mind and I think to everyone that we should have maybe have a kind of rules or some you know, uh indicators to keep in mind.

D

G

Yes, uh hi guys uh I was there, I completely understand where you're coming from, and I think it's very tricky with uh you know the volatility of of uh crypto, because you know some people will tell you. Okay, you should sell immediately when you receive the donation, some will say: okay, you have to you, know, sell. When the price is right and I'm sure there will be a group of people who will say you should never sell it, you should take it.

G

So uh so yeah it's, uh I think we need this needs to be established uh um in the kind of rules that you know we we will set up for um other proposals in the goldfish.

D

Actually, I would like to disagree with that, because I think, like every project has uh you know, is different and for some it might be better to pay it out immediately for some it's better to or they can, they can allow themselves to hold it and do something else mistake it or whatever um I like to for myself, I like to just hold my ada, obviously, but I only you know when I get ada, I usually uh offer either a service or to buy something or something like that.

D

G

Yeah, but I think I think you know it's, it might be controversial when you know we we get uh um to the point where you know we want to track those expenses, and you know, uh within a matter of of a couple of days, something that could have been. uh I don't know, one thousand five hundred dollars becomes uh one thousand dollars or nine hundred fifty dollars.

G

um So it's it's gonna, be it's always gonna be a challenge. I don't have the answer for that, but I think uh you know we should try to at least verbally. You know in the copy somewhere uh on the website, protect ourselves to say, look, these are potential scenarios and it's likely to happen, and we can't do anything about that.

F

I think no sorry sorry jacob! I finished, I got you.

G

No, no I'm done. Thank you.

F

Yeah, I think we need to inform the the projects that this is the risk of getting it in ada right and make they need to make the decision. Finally, and they need to report what they do I mean, but we need to inform them before they get the money, the risk of getting the money in adam.

F

They need to make the decision what's important. What is in their control is when they take out the money it's in their control. Their control is the expensive what they spend the money on and it's under control to report the impact that they did.

F

So, whenever they transfer, for example, from 80 dollars or to euros, they need to report that right I mean they need to register that. So we know the exact amount that was transferred. Then they bought something with that they bought fence. Okay, the refit of defense- then I mean to be really methodical on that. I think that is very important for transparency and disability.

G

B

H

G

Any um recommended or preferred gateway between ada and fiat that we want to suggest or is that entirely down to end users.

C

Well, there are too many options so, and there are different countries, prefer different exchanges and.

E

C

Is a kind of standard I think most of the countries in turkey. We have finance, but I don't I don't use finance so so it is difficult to push someone to create an account in one exchange. I think- and there is not other way.

C

Yeah so far, yeah.

G

Because it you know what what's, what would be worthwhile is not only to track whether someone managed to you know to to buy something, a fence or whatever uh and show the resi the receipt, but also to to track whether the project is successful or not, or how you know, and what's like put some kpis on top of that okrs.

G

Or? Is that outside of scope, for what we're doing.

F

No, it's very important for me. That's why the impact measurement and kpi is very important, but don't forget also in the next founding round. It's not going to be in one time. The donation is going to be directly from donors to projects right and it's going to be ongoing process. It's not going to be a monthly process.

F

So this is going to change right.

B

Yes, we will change completely changing it. Yeah.

H

That is where I think we could integrate away because setup, a.

E

H

A transactions that can be done directly from a debit or credit card and no need to think about changes or anything like that. So that's a good option, I believe, to integrate into a future project.

G

Yeah, that's a good idea.

F

C

Is it currently working for all countries sebastian well,.

G

It works for years.

H

Yes, it works using the visa mastercard api. So it's not.

D

H

Crypto transactions, so it should work for all countries that the household systems.

C

Okay, uh I I know, of course, other people. I have never tried, so I I open an account there. Thank you for changing.

B

So if you don't have any questions we can skip to the white paper, the technical team.

D

um Do we have my report for that.

B

D

So slow down, okay,.

G

G

Okay, it is now.

D

Yes, maybe someone else can share, I think sharing breaks. My computer.

D

Got too many tabs open.

A

I can share it with you. Send me the link.

G

I I saw the mirror board for like a second, so maybe actually it.

H

G

Don't seem to try again.

D

um I at least have to.

D

One close two windows.

D

um No, it's, I think it's. I don't want you to wait on on me, because the computer gets stuck.

B

Okay, which one is very sure.

D

uh I don't know you said you had my report for the white white paper and or tokenomics.

B

Yeah, I will show the jira board, in fact, all right. Okay, can you give me permission? Okay, yes, great.

B

So this is uh our jira board. We created it with jacob yesterday, uh so we here we will. We started to put the epics of white paper.

B

If you want to be in the technical team, if anybody wants to be in the technical team, please let me know so. You can also add epics here.

B

Just send me your email address and I will add you to the team okay, so we can have the distribution of the technical work, so we can uh easily and fastly complete the white paper. We we want to finish the white paper as soon as possible, so we can have the light paper afterwards and we can distribute everything in the social media.

B

So if you have uh suggestions, uh maybe jacob, you can explain the details, updating.

G

Yeah sure so um for those of you who are not familiar with jira, uh it's uh it's a software development management tool, um at least this is how we're going to use that. um So you know you create tickets and you move them through a kanban process so from to do in progress, and you know testing um until it moves all the way to the right to the done column.

G

um So, in this particular view you know we're looking into into the map. uh It allows us to to kind of do a sort of a waterfall approach um which yeah basically allows us to visualize uh in time when we expect things to happen. um I appreciate this might not be necessary for what we're doing here for the white paper, but it's a nice to have, and perhaps it will be useful. So you know if we need it, we can use it.

G

um I think it's wise that we start with this one project in jira the white paper project, and I suggested that we use epic level tickets as our chapters for the white paper, um you know think of it as as a meaningful part of it. Obviously you know we don't know how long our white paper will be, but uh think of it as a section of white paper, so we've identified those six uh sections that you can see right now and effectively.

G

These are these: are the uh the jira tickets so um right now I think they're empty, but if you click any of them, um perhaps you can go to one of them.

G

Yeah that would open uh open, open the tickets, uh and here we can, you know, define the tickets uh write comments, assign the tickets attach things to it, create subtasks inside that. So you know we can do. We can do quite a lot um out of curiosity from from people on call who had any exposure to jira before.

E

uh Me I'm a software developer, so I'm using shira and trello okay yeah! No, I actually I'm not usually using jira, because it's too complicated for what I'm doing on software developments trello doing fine for me. So but.

G

Yeah well effectively, it's you know it's a very similar tool. um So I guess you know we will be working um in sprints, we'll be working in in time, books, periods of probably know two or three weeks time. We'll really decide on that, uh and you know I I agree. You know. Jira is a powerful tool. It's you know for someone who never used it before it might look quite complex but effectively it's you know it's a it's a to-do list. It's an intelligent, studiolist, basically yeah.

E

It's it's always looks like an over-click kill of trello to me.

G

Yeah well to me: trello is it's a it's a you know it's a simple version of that yeah, it's a simple version of backlog of kanban um with jira. You can do a little more, but you know equally, the trailer could be a powerful uh tool. It's implemented uh properly.

I

We considered github a lot of the community is moving towards using github boards as kind of their way of issue. Tracking and managing agile kind of things and it'll become a familiar tool for more and more people.

E

Yeah projects, I think.

D

Yes, also, the reporting process will be easier for if we are on detail also, okay, duration,.

B

Yeah, it's also possible. We can vote for that. What do you think.

G

I'm I'm cool yeah. I've used that before um equally, you know comprehensive and powerful. So I I don't see why not.

B

Okay, I think jiren is close to the system. If you, if you want to make it public, we have to pay some money to that. One.

G

Yeah, I think up to 10 10 users we're free and after you know more than 10, we would need to yeah uh pay something.

B

Yeah for public availability, it's also required to pay something I know from our jira deployment in the company yeah.

B

Okay. What do you think?

B

What's our decision, so we can set up the github. Also, we already have a github, but we can use the boards component to the other stuff. There.

E

You can use github projects section for the organization project.

I

I would be in favor of that I mean I'm very familiar with jira, I'm my company that I used to work at used. It extensively.

C

I

I'm really used to it, but at the same time it does cost money and if we're thinking of growth and open source and things like that, then github seems to make more sense. Plus a lot of the community will be familiar with it more and more over time.

D

Yes, um do we want to vote by showing hands or.

B

Yeah we can, we can show our hearts. So it's okay.

D

All right, then, uh who is for jira.

D

G

I I can go, I can vote for both. uh I totally. I understand why um github might be a better choice here.

B

Okay, I will be setting up github projects, then I will share all with you, so we should also raise the hands for the technical team who want to be in the technical team.

D

I'm okay, I'm not sure to be honest, yeah.

I

What's the uh expectations for that game.

B

Yeah technical team will sort out the white paper tokenomics and the first mvp named direct donations, so we will set up the pluto's codes, smart contracts, testnet, and we will deploy them and we will have some sort of tests. We will write down the test, routines and other stuff, and we will have the presentation of them.

B

Then we are starting.

D

Yeah, I will, I will try to make it so I mean okay like really really tall, but yeah.

I

D

Doing this on this course, so.

B

Okay, we can share our experience on pluto's and pascal also max you yeah, okay, okay, great anyone else.

I

I can jump in but like simon, I have a lot of things on, but I am also in the pluto finance program and this would be a nice project.

B

Yeah exactly we, we will not repeat ourselves, so we can share information. This will be good for other projects. Also uh sebastian you, okay,.

B

So we will uh also distribute the parts of the white paper to find light paper and tokenmix inside this technical team, so we can have great things together. Great, I will be also also in the technical team.

B

This is a big step for me, things getting serious, so nice at the end, we will make our hands dirty right sounds good.

D

Yes, yeah great.

B

Jake jacob will be managing the times and supremes and other stuff right.

G

Yeah, I mean you know, I think uh managing is is always the word. That's kind of you know weird, but uh I think uh in in in our work. You know it's important that we establish certain routine and we work at certain pace and we don't want to overkill it. We want to make it scalable um and you know I'm I'm working as a scrum master and I'm running scrum ceremonies.

G

So I think I can help with that and just you know we can establish our team velocity and just uh divide our backlog into sprints and start delivering software.

B

G

B

And for the tokenomics we are reading the book sebastian offered last time and I will share the name with you.

B

Do you have the name uh just a second, I found it.

A

I'd also like to ask: are you guys interested in tokenomics, as, as I said it, I think you're um is very interested in building two.

F

Yeah yeah I'm trying to figure that one out I'm very interested in that.

A

I found a token engineering discord channel. They have a lot of members they're building a new academic field out of it, I'd like to send an invite in the chat if you'd like to join.

C

Yeah, it will be great. Thank you charcoal.

D

I'm I'm living right next to the university of economics in vienna and they also have a tokenomics program and they have um like a paper like comprehensive paper, for you know for the basics. um I will share that with you on the discord.

G

So, for for the tokens, um do we actually want to make it uh a you know, functional defy defect. Protocol with you know staking and things like that, the ability to create liquidity, pairs and whatnot, or do we want to do something simpler than that.

B

In fact, we don't have any idea right now. We are in the process of reading and reading and reading it's a big issue and it's important when you submit the smart contract. There is no return back so yeah. We should analyze that I don't know. If sebastian has a information about it.

B

Maybe he is more experienced than us or mark can say something about it.

E

Yeah, for the economics part the uh it is so hard to know the outcomes when it comes to know what to do on the you know, supply part total supply and you have to balance the the ask and the what's: what's called in the english, the uh the balance of the you know, customers and the you know: supply demand and supply yeah yeah demand and supplies.

E

It's so hard on tokens, because for the a for the cardano, you can't really be sure to make your advertising well and sell your tokens to the people that doesn't does not really know cardano. But if you are targeting only the cardona community, it's the people get lesser. So it's it's hard to do it's hard to speculate on the impact of the tokenomics on the cardano, because it differs from the ethereum, because the popularity is an issue on the blockchain.

G

So I'm you know, I think we will need to work uh out like a hybrid model that would work, for you know everything we want to cover, but I want to share with you one documentation to one project that unfortunately, a few days ago announced that they failed uh so not a great project, but they failed for for for some different reasons that they didn't build the community.

G

um However, they um established something, uh uh you know a token that had a variable emission rate and the rate where, like with, with which the token was being added dependent on the token price, which I thought was pretty smart. So if the price was very low, the token was being released. If the price got higher, the token emission was slowing down or stopping altogether, perhaps something we can learn from.

E

So so the emission part is like staking or.

G

No, it's it's adding supply, so it's infinite supply. You don't have a cap on supply. It's not! You know it's not anything contained. It can grow. You can continuously uh emit new tokens.

H

G

But the rate and how many uh tokens you emit depends on the price. The value of the token.

E

B

We can also, I think, make it multi-change.

E

Yeah multi-chain is an idea because you know we can do an iq initial sale on ethereum to you know, advertising you know to the blockchain community yeah. That's the thing.

G

So so, okay, so uh I I guess the most scalable or universal way to to write a smart contract would be in solidity.

E

G

It doesn't mean we have to go with veterinarian rights.

E

Yeah but but the community building the community is a big issue on the blockchain. So really the the people on the cardano is really few people on the cardano. So then lesser is you know, building tokens. Lesser is you know, buying tokens and the lesser is knowing the projects coming out. You know it's it's hard to know, but on the ethereum sites, there's so much going on. So there is a big comment out there community out there there it is easier to making advertisements and making your projects to be seen on.

E

You know many people and you gain their trust too, because you are on ethereum yeah cardone is they're black. You know it's, it's like there's a black area area. You know what is cardona yeah.

G

Well, you know, I think it it is because we are in the time where you know we were three months into smart contracts on on cardano, and you know we need to make it more scalable. So and obviously you have the you know glorified sunday swap uh failure uh over the last recent couple of days.

G

So people may may not think of that right now you know of cardano as a right choice of platform, but I'm pretty sure in six months, which I think is you know realistic to when we will be releasing somewhere, something we will be in someplace else.

E

H

I mean I'm worried about going to tyrion because it is so expensive to to mint anything on the main net yeah.

E

H

Second, if we want to gain that trust from the dynamic community, we will need an audit and audits are crazy, expensive for like two hundred thousand two hundred and fifty thousand dollars for a simple talking about it, and you.

E

H

Wait in line right because there's so many projects on tv, so I don't know about going in the theater route. I guess you can make the case we can launch on a on a layer 2 like polygon or gnosis, or something like that, but that adds complexity to the code, especially if you want to use something really cutting-edge like optimism or arbitrary, because those things are like roll-ups and they require that yeah solid gold to be very specialized.

H

C

H

I think our best bet will be just to go: cardano, magnet and create bridges to other.

C

H

uh Because if we try to start on, I would say it's too expensive, yeah.

G

And I think you know just just to add a little bit to a sebastian said. I think you know we will some benefits of doing doing that in cardano. You know there will be some community effect on cardano as well, whereas when we launch on uh you know on ethereum and then come to cardano community, then it's not gonna be well received. I think yeah yeah.

B

Maybe we can do it on ethereum, but if you do it on cardano we will be the first one.

E

Well, we we can do it both on parallel. I don't know yeah it's it's because many projects does it too. You know on barnes, smart chain and ethereum and polygon. They are, you know, deploying their tokens on multiple blockchains.

E

uh More users can you know uh enjoy. I don't know, uh what's called.

H

Yeah yeah, but but those chains are all eva compatible right. That's why.

E

G

Do we know when cardano will be able to serve.

E

That's evms year later.

G

B

I think it's ready. The evm is ready.

H

The token converter is contest, but the the chain that's using the evm model. The kevm, I think, is not even in the testing phase.

E

They need hydra for it. The hydra will solve the problems for that, but they need one year for it, but yep, probably right now. It's you know. Cardona is good, and I know that the car down a blockchain is the future of the blockchains.

E

So with many ideas and the fundamental.

E

Technology on the you know ground so, but for the community there is no card on or just you know, popularity is everything and uh we can do it on evm compatible popular blockchains to on the same time, with the card.

E

I I made many projects on evm compass with blockchains on ethereum polygon buying a smart chain.

E

They were, you know for the ethereum side. It's it's not really expensive, so you are just deploying one contract, that's it so, for one contract you are paying like. You know like 100 dollar maximum.

E

So that's it there's! No any transaction.

E

For maintaining that's it yeah you're, just deploying for once.

C

D

Yeah, I think in.

C

The community is very important in blockchain projects. Indeed, but you know I'm not so much worried about that. There was a time that nobody knew bitcoin. There was a time. Nobody knew ethereum, nobody trusted it, but then the time comes and if things go right, even things fail.

C

If you do good things and if you have a good intention, then you find people around I'm not worried about this. Actually I.

E

C

There will be times there will a lot of cardinions around and there are indeed a lot of community members. I don't know if you are actively participating. Other blockchain communities, I'm checking them, but there is not such kind of event as we have in cardano.

E

C

E

Yeah, that's that's important and I'm not saying that we should do this project on evm, competitive blockchains. I'm saying that we should use their committees to attract to our projects to advertise. You know because we we can't just you know, target the cardona community. I think that's that's the wrong path. We should target the blockchain committee so for that we should use the blockchain platforms on all of it, so sandy swap why why it doesn't work? Because where is the demands you know?

E

C

So if we create two different tokens based on ethereum and then based on cardano, don't you think that will create a kind of confusion.

B

Yeah, it will not and.

E

B

There will be our arbitrage on them, so people will make arbitrage and they will be the same at some point.

G

Well, in theory, I'm not sure if you guys heard about mostly swap but mostly swap is, is basically a dex that serves that works on cardano and works on bitcoin cash, and I actually play with bitcoin cash and it's it's mind-blowing how fast and cheap it is to to use. So it's pretty cool.

G

um But what made me completely astonished was the fact that uh their token, which is called milk on both um bitcoin cash and on cardano, is com like these are two different tokens: they're not correlated anyhow, they have the same ticker, which is annoying as hell, uh but there is no bridge, and you know these are like two platforms on one website.

E

Yeah there is, this is always done like that. You know the the tokens are not related, they can't be so they are on the different blockchain platform on different blockchains. So they can't, you know, really interact, they never interact. Actually, the bridges are not really bridges, they are they're. Just some servers centralized servers, that's looking at the transactions on one chain and it sees that transaction. Then it makes the transaction replicates it. On the other side, you know the the bridge is like this: there's no action bridge.

B

In fact not all of them are the same. We are watching radix with sebastian and radix is made making arbitrage, so their bridge is not working like that. Yeah, radical and other.

E

Signal network is like that too serious.

B

Yeah actually they're, they are always the same. There's a token called radix and there's a wrapped version on ethereum.

D

B

They are the same always the same people. People are making arbitrage there.

B

This this can be, maybe maybe you can do it in parallel right right, so we can, I think, complete this topic.

E

Yeah yeah: well, you know there uh I'm I made a project project called uh bsc mega pad, so, yes c mega pad it's like not a c it's on the buying smart chain, so you go to a you know pad the token no launch pad, and you are saying that I have a project and this project has these these. uh You know solutions and you have a white paper. You have a website and many people seize your project and then they are. You know, uh funding your project with that. You know buying your token.

E

So why is that important? Because on the launch pad there is already a community looking to tokens to buy, to see the to see new projects, so there's already a waiting for project, there's a community for racing project, so we can use some launchpads, not this platform. You know the popular launchpads uh to advertise our projects, not token. Actually, because token is on the you know on the uh you.

E

Actually, the important thing is talking not not the token. The project is important. So if the top, if the project good and we find the community, then there's actually nothing, we can. We should worry about it so, but we we should find the community and then it's okay. You can't do it on.

F

Exactly I I think the focus is on the project and the milestone I mean. What's the I mean the value of the coin will be depends on the project and on the milestone and the team and right then you will find enough money within the community. Oh outside.

D

F

G

D

Guess but also.

G

But also, let's, let's learn from you know from the way other projects launch. You know that there is so much uh marketing needed to launch something successfully. uh If you look into things like uh you know, some silly projects like uh shiba inu, for example. I keep on quoting that, because this this project got some amazing uh database, like user user base, um and you know also sunday swap you know there was so much hype around sunday swap uh they have like a quarter of a million followers on on twitter.

G

um So you know it it it's needed for sure. I I'm of of an opinion that if you, if you build the most, you know profitable uh project with the best ux and ui, and you don't have people to use it.

E

G

It's it's waste of time.

E

Yeah, I saw many projects that only 4d they have only the community, but the project is so simple and you know the content is so few, but they are making a lot of money because of the community. Yeah, that's yeah. The community is the important part for it and our.

H

E

Our project, the community, is everything because everything is related on. Our project is based on community.

G

So to attract community, we need to be generating content uh and we should be using. uh You know our success stories so far, so you know past campaigns and people in them. uh You guys need to be producing like a lot of uh content posts, images, videos, you know- and we should be just repurposing- that and just playing that all the time.

E

Yeah, that's the way yeah twitter.

G

E

Twitter is popular on blockchain. We can use twitter a lot and medium. We can, you know, write some uh writings to uh yeah.

B

Yeah is there anyone that want to write something, create content, make copyrights.

G

I guess that's always a tricky one and I think I think.

B

Yeah, maybe we should create them together. What do you think.

G

I think we need to find the right person to do that, because you know there are people who just sit down, they just start typing and they produce magic, something that reads very nicely that has you know that they can easily link it to the brand values and the brown the brand ton of voice as well. I think for littlefish, it's important that we create this tone of voice and this brand and we are consistent.

G

um You know I was thinking that little fish is like. I was. I actually watched this uh video on youtube yesterday about the the fairy tale about the fishermen and the little golden fish and uh the fishermen had a bit of beard like you uh champs.

G

But but you know, I thought: that's okay, you know making uh making wishes come. True um is a big element of of what we're doing too, uh and the storytelling element is super important. If we get that right, it will be much easier to build a community around that um yeah yeah.

H

Yeah right another thing for the economics: I noticed that robert is part of the cardano for climate change, he's like researching bonding course on blockchain and he's very knowledgeable about tokenics, bonding corps and and automated market makers. So I don't know if anyone who knows him.

F

Yeah, I know robert well, I I know him well. If he we can have a session with him, he will be happy.

D

Yeah great, can you schedule that one yeah.

F

Yeah, that's on me. We.

H

Can invite him maybe.

F

Next monday next monday, and have a session on economics next monday, if it's okay with everyone or.

H

I believe he's in new.

F

H

And right now, it's like early in the morning for them.

F

Yeah, it's good time. It's nine nine in the morning for them now.

E

F

Okay, it's a good timing: yeah, okay,.

B

Now they see you next time. Thank you.

I

B

I

I saw that robert signed up for the cardano for climate meeting on wednesday on the meetup group, so he might be there, although it's super early for him, I don't know if he'll actually be there, but he just signed up today.

F

Okay, that's cool.

D

Maybe we can have a good room.

F

D

Maybe we can have a breakout room on wednesday. Can you maybe ask for that and if not we go for monday or I mean whatever you, you think, of course, but.

F

You're in breakout room after town hall, or what do you mean.

D

uh No, if, if he comes to kadana for climate anyway, to the.

F

Yeah but but this week is the governance week and we have kind of we want to participate in the governance week of because of the climate as well. So we have session about governance.

B

Yeah, okay: next week we can make a breakout room about tokyo dominic's and we can talk there. What do you think? Okay.

F

But oh, we can ask him to stay after the call, but again it will be four o'clock in the morning for him. So I don't know if he will join.

B

Maybe we can find another time to match him to his timeline.

G

And guys should we try to maybe start drafting something to just con? You know bounce back of him uh so that we just you know we don't go empty-handed to to ask for.

A

His advice, so maybe we should have a tokenomics meeting beforehand to talk about it.

F

Okay, good idea.

F

And I I just put in power- I mean it just very. I love the design. I love the way they do and they kind of they're actually launching their token now and kind of sold out or they got bombarded. I mean that their server fails, but yeah.

H

F

They actually responded in couple of days, and you can register I think until tomorrow, but just a project that I love the the way they communicate the way they do with impact on cardano.

F

So maybe we can use it as an example as well. I don't think they have ambitions like um like the.

D

F

And so on, they kind of, I think, build it in a different way and a lot of the money goes into actually investing in housing, yeah but yeah. So there's kind of real value there as well.

G

So so maybe that's the way we should you know start and not to reinvent the wheel, but just kind of uh almost copy what they did. So you know start with us taking place.

G

Sorry, who is they uh empower, for example, uh or any other? You know successful ispo, because you know we we had an example of uh you know meld. We had example of, for example, genius yield. Who is doing. uh I is spo as well, uh and they have some different rules. So you know if you're staking for the full 25 epochs, you get times free tokens at the end, uh so you know they.

G

They have some incentives to uh to make people's take for a long time, and I think in our case the earlier we can start with the staking pool. Have that ready, um the better that you know we have time to uh to plan the whole um campaign or the process to build stuff, for you know, let's say 50 epochs uh and uh and after that you know, release the token.

D

C

D

I

D

It I mean I've been thinking about this quite a bit for kadam after dark and also, I think I've been like gotten some other tokens from some different projects and stuff like that and to me it seems like you just make you just think about ways how you can give away the token and kind of incentivize something, and then um you know, then you allocate some percentage of the of the total tokens, and one thing that that I think makes a lot of sense is clustering.

D

It also in time, especially for the uh for at least for the public tokens that you.

D

Put out into the hands of stateful um uh stuff stakers, and I think what what what I think is really weird. What a lot of a lot of projects are doing is putting the token out there really quickly on the stick board.

D

So um I I I don't know why they are doing that, but I feel like it would be much more much better if they, you know paid out a lot of token at the beginning and then just like bitcoin did you know slowly, uh uh you know have put less token tokens out there, which incentivizes the price to to grow.

D

So yeah. That's some of my thoughts. Maybe we could uh you know everyone come up with some ideas about what how how we could incentivize or what what we would like to incentivize and what kind of allocation we would like to put there, and um I at least will do that and one or two other people would like to do that. Then we can present like our ideas and talk about it in the next meeting.

D

So that's that's cool. Is everyone.

B

Yeah yeah yeah: let's read the book and check the two examples and we should have uh something to talk next week, yeah by the way yeah. We can have a draft of the white paper and we can talk about it. Also. I hear so many things in mind to write down to the white paper.

D

Yes, I read read the paper from from the university of vienna that I also shared here and um I feel like it didn't help too much with the task at hand. But let's look. Let's look into it for sure.

B

Okay, there do you have any questions or things to say we can close the meeting today.

F

No great great that you're going into the action.

B

Yeah yeah we are, we are very excited to be because we are bored with the conferences and other stuff. You know we are engineers.

F

Yeah, that's good.

G

Awesome: okay: everybody have a good evening. Take care.

C

G

C

F

Thank you well done.