Latest / The Paul Barron Crypto Show / XRP Liquidity Incoming!🚀XPMarket CEO Interview🔥

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XRP Liquidity Incoming!🚀XPMarket CEO Interview🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: I do want to get started today. Before we get
• 0:08
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• 0:10
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• 0:12
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• 0:14
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• 0:17
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• 0:19
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• 0:22
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• 0:24
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• 0:28
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• 0:31
  Speaker 1: to do. I'm sitting here on XRP just right now.
• 0:34
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• 0:37
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• 0:39
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  Speaker 1: you guys might like it. All right, let's get into
• 0:46
  Speaker 1: it today. This is going to be a good one
• 0:48
  Speaker 1: because I think we'll break down a little bit more
• 0:50
  Speaker 1: about what's been happening with XRP. As you guys know,
• 0:55
  Speaker 1: we showcased XP market a little bit yesterday and maybe
• 0:59
  Speaker 1: on one of the other show so I thought let's
• 1:01
  Speaker 1: bring in, you know, some of the guys and the
• 1:02
  Speaker 1: teams over there. So we got their CEO and co
• 1:04
  Speaker 1: founder Archer to come in and talk a little bit
• 1:07
  Speaker 1: more about it. Let's break to him. Hey, Arthur, how
• 1:10
  Speaker 1: are you.
• 1:10
  Speaker 2: I'm John fine, Hello over one.
• 1:12
  Speaker 1: Lot's happening with XRP the token. Were you surprised about
• 1:16
  Speaker 1: the recent price explosion that we've seen?
• 1:19
  Speaker 2: So the price increase was really amazing for all the community.
• 1:22
  Speaker 2: It's something that the whole Extra Pillaguer and the xtra
• 1:26
  Speaker 2: peak community anticipated for a long time. People were stressed
• 1:30
  Speaker 2: for a long period, and once it finally broke out
• 1:34
  Speaker 2: through certain levels of the resistance, we could definitely see
• 1:38
  Speaker 2: the increase in the community. We could start to see
• 1:41
  Speaker 2: the increase in trading activity, returning and new users. So
• 1:46
  Speaker 2: I would say that the price appreciation is probably one
• 1:50
  Speaker 2: of the most interesting factors to watch now because, first
• 1:55
  Speaker 2: of all, if you're a spy holder, that's good for you.
• 1:57
  Speaker 2: If you're building on extor Pillager, or you're you engaged
• 2:00
  Speaker 2: sex circulature, there's a lot of stuff for you to
• 2:04
  Speaker 2: do now because the activity is definitely going up.
• 2:07
  Speaker 1: Yeah, well, I think that's been the thing I was
• 2:09
  Speaker 1: looking at just your active traders starting to come back
• 2:13
  Speaker 1: in right now over on xp market, and this to me,
• 2:18
  Speaker 1: I think is usually one of the signs that starts
• 2:20
  Speaker 1: to indicate a market is starting to heat up. Back
• 2:22
  Speaker 1: to your point, is that there's a lot of opportunity here.
• 2:25
  Speaker 1: How many total active users right now on XP market?
• 2:28
  Speaker 2: On average we receive around one thousand unique active users
• 2:32
  Speaker 2: per day on xper market, and these are people who
• 2:35
  Speaker 2: actively engage in sending a transaction, so that's quite a
• 2:40
  Speaker 2: good number. It also coincides with the release of new features,
• 2:44
  Speaker 2: but we also see an organic growth over the time,
• 2:48
  Speaker 2: which is driven by the general sentiment and the general
• 2:52
  Speaker 2: network activity.
• 2:53
  Speaker 1: Yeah. Okay, so are you guys involved with Ripple at
• 2:56
  Speaker 1: all or is this a completely separate project.
• 3:01
  Speaker 2: It's a separate project. But Triple Apse are our investors.
• 3:05
  Speaker 2: They invested into the equity, so they are our partner,
• 3:09
  Speaker 2: but we operate independently and we're building for Exerpelogiers ecosystem.
• 3:14
  Speaker 1: Let's talk a little bit about how your AMA or
• 3:17
  Speaker 1: your AMM differences differs from some of the other blockchains.
• 3:21
  Speaker 1: You kind of explain how you guys do your market cars.
• 3:27
  Speaker 2: First of all, it's important to highlight that AMM on
• 3:31
  Speaker 2: Extra Pelature, it's a protocol level AMM, and what you're
• 3:35
  Speaker 2: seeing is a UI solution basically user interface build specifically
• 3:41
  Speaker 2: to interact with Extra Pelaguers AMM. The beauty of Extra
• 3:45
  Speaker 2: Pelaguer's AMM is that the whole liquidity is shared. It
• 3:50
  Speaker 2: does not really matter whether you trade through US or
• 3:53
  Speaker 2: any other platform, you will be receiving exactly the same deal,
• 3:57
  Speaker 2: exactly the same price and number of tokens. Probably one
• 4:01
  Speaker 2: of the more the most key distinctions when we talk
• 4:04
  Speaker 2: about other blockchains and extriculature is the integration of the
• 4:09
  Speaker 2: order book decks. So it's like a super decks and
• 4:12
  Speaker 2: whenever you trade on the order book, and if there,
• 4:15
  Speaker 2: for example, not enough liquidity in the order book or
• 4:18
  Speaker 2: AMM offer a better price, your order can be fully
• 4:22
  Speaker 2: or partially routed to the AMM and vice versa. If
• 4:26
  Speaker 2: you trade for AMM, some of all of your order
• 4:29
  Speaker 2: can go to the decks. And this is why you
• 4:32
  Speaker 2: are getting the best of the two worlds, because it's
• 4:35
  Speaker 2: just being combined liquidity.
• 4:38
  Speaker 1: So in the liquidity pools explain the profitability opportunity that
• 4:43
  Speaker 1: is within that. If you look at the average AMM pool,
• 4:47
  Speaker 1: what does that look like on x RP market XP market.
• 4:52
  Speaker 2: A lot of the a lot of percentages do depend
• 4:57
  Speaker 2: on the liquidity of the pool itself. When we talk
• 5:00
  Speaker 2: about possible earning opportunities through the provision of the liquidity,
• 5:05
  Speaker 2: we have to consider certain factors. One and probably the
• 5:09
  Speaker 2: most important is the volume, because the more volume you
• 5:13
  Speaker 2: have being generated through the pool, the more trading fees
• 5:17
  Speaker 2: you generate, and these trading fees are generated across all
• 5:22
  Speaker 2: the LP providers. Then we want to look into the
• 5:24
  Speaker 2: size of the LP pull. The larger the pull, probably
• 5:28
  Speaker 2: the more trustworths it is and more stable it is
• 5:32
  Speaker 2: because basically the stability of the price directly correlates to
• 5:35
  Speaker 2: the size of the pull because it can absorb larger
• 5:38
  Speaker 2: volumes and larger amounts. And then there is a pool fee.
• 5:42
  Speaker 2: It means that whenever you trade through the pool, you
• 5:45
  Speaker 2: will always be deducted a certain percentage which ranges from
• 5:49
  Speaker 2: nearly zero to one, and you want to hit a
• 5:53
  Speaker 2: perfect balance in this. Normally I would say go probably
• 5:56
  Speaker 2: for top ten polls, and this is where you'll be
• 5:59
  Speaker 2: relatively safe and have a stable user experience, because there
• 6:04
  Speaker 2: are certain risks when you do that. So the first
• 6:08
  Speaker 2: and the most important what you're looking at is the APR,
• 6:13
  Speaker 2: and this APR solely depends on generated fees and it's
• 6:17
  Speaker 2: shared across all the providers. The second element that is
• 6:21
  Speaker 2: being built on top of that, and usually this is
• 6:25
  Speaker 2: a platform specific element, is yield farming, and yeld farming
• 6:29
  Speaker 2: is essentially incentivized way to ask people to provide to
• 6:34
  Speaker 2: the liquidity pool to make it larger while rewarding them
• 6:38
  Speaker 2: in one way or another. So for example, for xpmple,
• 6:42
  Speaker 2: we have around ten percent base APR, which is solewly
• 6:46
  Speaker 2: generated from the trading fees, which is high already, and
• 6:50
  Speaker 2: then we have around fifty percent right now while we
• 6:53
  Speaker 2: have a promotion on top of that, so you get
• 6:55
  Speaker 2: around sixty percent APR which flocked.
• 6:58
  Speaker 1: To its the amount of XORP that's sitting on the
• 7:01
  Speaker 1: sidelines right now. You just think about the liquidity opportunity
• 7:04
  Speaker 1: that is available for this. I mean, what's your estimates
• 7:08
  Speaker 1: right now? Do you feel like that is a wall
• 7:11
  Speaker 1: of liquidity that could be coming into the market.
• 7:15
  Speaker 2: I would say in terms of the ecosystem you're talking about,
• 7:18
  Speaker 2: and we're talking about extra pelager, the size of liquidity
• 7:23
  Speaker 2: or extra pill locked in the liquidity poles is around
• 7:26
  Speaker 2: fifteen million x orp, which is quite a substantial amount
• 7:30
  Speaker 2: compared to the market cap of the whole ecosystem. But
• 7:34
  Speaker 2: on extra Pelagier we see a very interesting trend compared
• 7:38
  Speaker 2: to other blockchains. So for example, on extra Pelagier we
• 7:42
  Speaker 2: see the proportion of the liquidity ty pole compared to
• 7:46
  Speaker 2: the market cap of a token being significantly larger. So
• 7:50
  Speaker 2: for example, if we take XPM token, our market cap
• 7:54
  Speaker 2: is five million, but our liquidity pool is more than
• 7:58
  Speaker 2: one million, so that's like one to five. On other blockchains,
• 8:02
  Speaker 2: this ratio is much smaller, and if other blockchains have
• 8:05
  Speaker 2: like one to ten, that's already great. So I believe
• 8:09
  Speaker 2: this is one of key parameters on excrapelature, and it
• 8:14
  Speaker 2: really shows the power of the community in my opinion,
• 8:17
  Speaker 2: because essentially the liquidity is driven by the community. They
• 8:22
  Speaker 2: are skin in the game, they vote for a project
• 8:25
  Speaker 2: with their own money, hence equidity. But fifteen million x
• 8:30
  Speaker 2: orp in grand scale is not that much. Like if
• 8:34
  Speaker 2: we start talking about x rapiece price appreciation. Of course
• 8:39
  Speaker 2: we will see some people of this drawing the liquidity
• 8:41
  Speaker 2: and trying to trade with it or sell x orp,
• 8:45
  Speaker 2: but fifteen million is not that amount which will stop
• 8:49
  Speaker 2: the growth of the x rapy price or make a
• 8:52
  Speaker 2: significant impact.
• 8:54
  Speaker 1: Yeah, I think you look at this particular scenario because
• 8:58
  Speaker 1: xorp really doesn't have any so these liquidity pools could
• 9:03
  Speaker 1: be more important really than anything, and I would think
• 9:06
  Speaker 1: that it's probably more important than what's happening on some
• 9:09
  Speaker 1: of the other blockchains. Would you agree?
• 9:13
  Speaker 2: This is definitely a very different scenario, and as you mentioned,
• 9:16
  Speaker 2: there is no staking, and people do definitely look at
• 9:19
  Speaker 2: LP farming as a version of staking. Of course, it
• 9:24
  Speaker 2: is risky because with taking you essentially get as much
• 9:28
  Speaker 2: as you have placed, and the only risk probably is
• 9:31
  Speaker 2: smart contracts and the hack of smart contracts. On extrapellature,
• 9:36
  Speaker 2: its only liquidity provision, and the risk is essentially impermanent loss.
• 9:41
  Speaker 2: And when the extra pre price goes up really, really aggressively,
• 9:45
  Speaker 2: people will experience this impermanent loss. So they will be
• 9:49
  Speaker 2: presented with a choice whether they keep their liquidity in
• 9:54
  Speaker 2: the same pool and avoid impermanent loss. Because the moment
• 9:57
  Speaker 2: you withdraw your tokens, impermanent laws becomes permanent laws. It
• 10:02
  Speaker 2: means that you do not get as much as you
• 10:05
  Speaker 2: have placed. But extra P I believe will follow the
• 10:09
  Speaker 2: natural cycle, it will grow. Then we will see capital
• 10:13
  Speaker 2: rotation into the secondary tokens of the same ecosystem, and
• 10:17
  Speaker 2: impermanent laws will balance out.
• 10:20
  Speaker 1: Yeah, explain this is something as we've been kind of
• 10:23
  Speaker 1: been experimenting with this in understanding how this works, and
• 10:27
  Speaker 1: you know some of the tool sets. Explain to me
• 10:30
  Speaker 1: what you guys are doing around the trust lines. How
• 10:33
  Speaker 1: does that work? What's the process.
• 10:37
  Speaker 2: So, the trust line is a native feature of Extra
• 10:40
  Speaker 2: Pillager's blockchain, and it is quite difficult to explain to
• 10:44
  Speaker 2: outsiders what exactly it is, but in simple words, it's
• 10:48
  Speaker 2: like an agreement between yourself, a user, and the token
• 10:51
  Speaker 2: where you say I will accept this token either from
• 10:56
  Speaker 2: the issue or smart contract, which do not exist on
• 10:59
  Speaker 2: extra Pelege or other users. Without these trust lines, you
• 11:04
  Speaker 2: will not be able to receive these tokens, and it
• 11:08
  Speaker 2: serves an important purpose. It is a spam prevention mechanism.
• 11:12
  Speaker 2: For example, on most blockchains like tron binance chain or
• 11:17
  Speaker 2: really really cheap blockchains, you will always be bombarded with
• 11:21
  Speaker 2: air drops tokens different spump yeah. Yeah, and this is
• 11:27
  Speaker 2: aimed specifically to either trick you into copying a wrong
• 11:31
  Speaker 2: address and driving your funds or just a promotional element.
• 11:36
  Speaker 2: So this protects you and trust line essentially one of
• 11:39
  Speaker 2: the parameters people do try to organically grow because it
• 11:44
  Speaker 2: is one of those metrics which shows how much community
• 11:48
  Speaker 2: or potential community you have, and then you'll be able
• 11:51
  Speaker 2: to understand how much of this portion you're able to
• 11:54
  Speaker 2: translate into the holders. But also keep in mind that
• 11:58
  Speaker 2: trust line is also a feature which reserves to excorpee
• 12:02
  Speaker 2: whenever you set it up, your wallet reserves to xorp,
• 12:06
  Speaker 2: which can be then redeemed if required when deleted the
• 12:10
  Speaker 2: trust line.
• 12:11
  Speaker 1: So the minimums in the wallet right now is a
• 12:14
  Speaker 1: ten x ORP and then two to do to establish
• 12:16
  Speaker 1: the trust line.
• 12:18
  Speaker 2: That's correct, Yeah, okay, all.
• 12:20
  Speaker 1: Right, So with any plan to reduce that requirement to
• 12:24
  Speaker 1: be able to establish the trust.
• 12:25
  Speaker 2: Line, this is something I am heavily advocating because I
• 12:30
  Speaker 2: personally want this number to go down and there is
• 12:34
  Speaker 2: an incentive in at least in crypto Twitter let's call
• 12:37
  Speaker 2: it legso and between some of the validators, we are
• 12:41
  Speaker 2: definitely willing to reduce it because we believe this is
• 12:46
  Speaker 2: a significant on boarding challenge and probably not specifically financially,
• 12:52
  Speaker 2: because obviously if extor peap price goes up. Activating a
• 12:56
  Speaker 2: wallet becomes also relatively expensive, and it also depends on
• 13:01
  Speaker 2: your geographical location. But in essence it is not so
• 13:06
  Speaker 2: much financial burden rather than user experience. Very often we
• 13:11
  Speaker 2: see people transacting on the blockchain who want to set
• 13:14
  Speaker 2: up a trustand for example, or redeem an NFT and
• 13:18
  Speaker 2: they can't and they don't understand why, and very often
• 13:23
  Speaker 2: the explanation is very simple. User does not have enough
• 13:27
  Speaker 2: x orpiece in their wallet. And this is because two
• 13:30
  Speaker 2: x ORP might sound not a lot, but if you
• 13:33
  Speaker 2: have twenty trust lines one hundred x rapiece, then it's
• 13:37
  Speaker 2: around fifty x orp being already reserved and taken from
• 13:41
  Speaker 2: your wallet, and reducing this number by ten will still
• 13:45
  Speaker 2: work as a spum prevention feature as well as reducing
• 13:50
  Speaker 2: the knowledge barrier and the gap, and in essence, user
• 13:54
  Speaker 2: will not really have to educate himself to such a
• 13:57
  Speaker 2: deep technical level, but the reserve will be solow that
• 14:02
  Speaker 2: it will be essentially unnoticeable.
• 14:04
  Speaker 1: Yeah, yeah, I would agree with that. What about I'm
• 14:07
  Speaker 1: looking at the token XPM. Here explain some of the
• 14:11
  Speaker 1: benefits the holder benefits for XPM.
• 14:15
  Speaker 2: So we want XPM token to be the ecosystem element
• 14:19
  Speaker 2: and it serves right now quite a few purposes. So
• 14:22
  Speaker 2: first of all, it provides a token gated access to
• 14:26
  Speaker 2: xper markets platform. If you hold one thousand XPM tokens,
• 14:30
  Speaker 2: you will be able to use all the advanced features
• 14:33
  Speaker 2: on xper market. Also, we use it as a marketing tool.
• 14:38
  Speaker 2: For example, if someone would like to buy a marketing package,
• 14:42
  Speaker 2: they would have to purchase the tokens and burn them,
• 14:45
  Speaker 2: so this leads to reduction in the supply. It also
• 14:50
  Speaker 2: serves as a rewort mechanism, so whenever people are engaged
• 14:54
  Speaker 2: with holiday season, we have like monthly events where people participate.
• 15:00
  Speaker 2: They also have to pay either in an XORP or XPM,
• 15:04
  Speaker 2: they get reworts in XPM. The same logic applies to
• 15:08
  Speaker 2: yield farming. And we also have some interesting but slightly
• 15:12
  Speaker 2: hidden so far features for NFT's marketplace, where on the
• 15:16
  Speaker 2: NFTs marketplace we feature NFTs by token holders. So we
• 15:21
  Speaker 2: try to explore as much as we can. As you know,
• 15:24
  Speaker 2: Exerpellature has no smart contracts, so we try to be
• 15:27
  Speaker 2: creative on how we can implement this, and we're simply
• 15:31
  Speaker 2: exploring all the options, see what works best, what doesn't work,
• 15:35
  Speaker 2: and try to distill to the best ideas.
• 15:37
  Speaker 1: Yeah, all right, so with no smart contracts, you look
• 15:40
  Speaker 1: at the typical model of how mime tokens are generated
• 15:45
  Speaker 1: and then populated. So obviously the trust lines require that
• 15:48
  Speaker 1: so you don't get, you know, kind of the spamming
• 15:50
  Speaker 1: of mime coins that come out there. How do meme
• 15:52
  Speaker 1: coin air drops work within XP market?
• 15:57
  Speaker 2: I believe meme coins is actually one of the most
• 16:01
  Speaker 2: interesting use cases for extra pelature, and the reason is
• 16:06
  Speaker 2: mim coins do not need smart contracts. They are a
• 16:09
  Speaker 2: community building tokens around specific topics for example, plus extra
• 16:14
  Speaker 2: pelature is ultra cheap to transact, and these two elements
• 16:19
  Speaker 2: make these blockchain absolutely incredible for mim coins. The only
• 16:24
  Speaker 2: drawback is when you would like to build an infrastructure
• 16:27
  Speaker 2: around this, and for example, you cannot really build exactly
• 16:32
  Speaker 2: the same mehanas as pump dot fun has or for
• 16:36
  Speaker 2: dot mem with a bonding curve and all these infrastructure around,
• 16:41
  Speaker 2: so we have to work with amm pulls. It is
• 16:44
  Speaker 2: probably the second best feature that we can make to
• 16:48
  Speaker 2: match the competing ecosystems inside other blockchains trust lines they
• 16:55
  Speaker 2: slightly reduce the interaction with mim coins. If you're using
• 16:59
  Speaker 2: them most popular options like some unvolid, crossmark Quallet, et cetera.
• 17:04
  Speaker 2: Because you have first set up a trust line, you
• 17:07
  Speaker 2: have to manually sign it, and then your next transaction
• 17:11
  Speaker 2: will be the actual purchase of the token. So it
• 17:15
  Speaker 2: is two phase approach. It might be not the most
• 17:19
  Speaker 2: user friendly at the first stage, but then it becomes
• 17:22
  Speaker 2: seamless and quite simple.
• 17:26
  Speaker 1: So would that being the case? I mean, obviously the
• 17:27
  Speaker 1: trust lines help minimize I think, some of the security
• 17:31
  Speaker 1: issues I think overall, But what about rug pulls? How
• 17:34
  Speaker 1: do you guys minimize those?
• 17:37
  Speaker 2: In terms of exper market, we try to prolong the
• 17:41
  Speaker 2: shelf life of a mime coin from ten to fifteen minutes.
• 17:45
  Speaker 2: This is an actual time in how long miw coins live.
• 17:49
  Speaker 2: We have talked to traders, and traders essentially say that
• 17:53
  Speaker 2: they're interested in a mime coin for the first fifteen
• 17:56
  Speaker 2: minutes it's being released, it pumps, then the damp and
• 18:00
  Speaker 2: that's it. This is a natural cycle. There is not
• 18:03
  Speaker 2: much we can do with the mentality of the trading,
• 18:07
  Speaker 2: but we can try to shift the narrative from a
• 18:10
  Speaker 2: short term solution to meet slash long term solution. With
• 18:15
  Speaker 2: xp market, we first of all make sure that the
• 18:18
  Speaker 2: token creator actually purchases his fair share of the tokens.
• 18:23
  Speaker 2: He is not being rewarded for free. Those tokens come
• 18:27
  Speaker 2: at a price of amm price and the developer of
• 18:31
  Speaker 2: those tolkions also pays for the air drop. Then the
• 18:35
  Speaker 2: second security mechanism kicks in, which is wasting, where the
• 18:40
  Speaker 2: tokens create issued by the talken creator are being logged
• 18:45
  Speaker 2: for twenty four hours. It means that this creator is
• 18:49
  Speaker 2: not able to sell into the community for twenty four hours.
• 18:54
  Speaker 2: So we try to encourage in this way token developer
• 18:58
  Speaker 2: to go and do some leg work. We want token
• 19:01
  Speaker 2: developer to create a Twitter account because we see that
• 19:05
  Speaker 2: tokens with Twitter account performs significantly better rather than those
• 19:10
  Speaker 2: without a Twitter account and social presence. We want token
• 19:13
  Speaker 2: creator to go and promote his creation, and we believe
• 19:17
  Speaker 2: that by delaying these token allocations, we help to improve
• 19:23
  Speaker 2: the quality as well as we actually provide a advertising
• 19:28
  Speaker 2: platform because when you go to exper market, you still
• 19:32
  Speaker 2: see the air drops, you see the token and it
• 19:34
  Speaker 2: works as a ad platform. It puts your token in
• 19:38
  Speaker 2: front of our users and it does help to create
• 19:41
  Speaker 2: more awareness. And if the token creator pays his play
• 19:45
  Speaker 2: his cards, Well, he can actually benefit a lot from
• 19:49
  Speaker 2: the infrastructure that we have created.
• 19:53
  Speaker 1: So okay, So now I think you know, when I
• 19:55
  Speaker 1: was looking at when we were kind of breaking down
• 19:57
  Speaker 1: the side, XP Market, we were kind of compared ring
• 20:00
  Speaker 1: two other platforms out there within the x orpl ecosystem.
• 20:04
  Speaker 1: Magnetic is one of those. Explain to me the differences
• 20:09
  Speaker 1: of you know, a platform like XP Market versus say Magnetic.
• 20:13
  Speaker 1: For those of you that are out there looking at it,
• 20:15
  Speaker 1: maybe they're looking at participating or even creating a mean coin.
• 20:19
  Speaker 2: Right now, we have three players on extra pe Ledger
• 20:22
  Speaker 2: in terms of mill coins, and this is XPO Market,
• 20:25
  Speaker 2: First Ledger and Magnetic. I would say that we and
• 20:30
  Speaker 2: Magnetic are probably closer in terms of the implementation because
• 20:34
  Speaker 2: we rely on existing quallets like zaman Wallet Crossmark quallets,
• 20:39
  Speaker 2: so we use already existing ecosystem and the token creators
• 20:44
  Speaker 2: do actually purchase their tokens through the AMM price, so
• 20:48
  Speaker 2: they are not free one Ledger First Ledger. On the
• 20:52
  Speaker 2: other side, they have their own wallet. It's helped to
• 20:55
  Speaker 2: simplify the treading experience. On Boarding might be an ex
• 21:00
  Speaker 2: another topic for discussion, but once you are being onboarded,
• 21:03
  Speaker 2: you do not have to set up a trust land manually,
• 21:06
  Speaker 2: so it's more seamless experience, but you have to pay
• 21:10
  Speaker 2: one percent transduction fee on every deal as well as
• 21:14
  Speaker 2: token creators do not have to purchase their token allocation.
• 21:18
  Speaker 2: They only pay Chucks Orp as a trust line. So
• 21:22
  Speaker 2: we use different approaches and they all work. It's just
• 21:26
  Speaker 2: the different philosophy.
• 21:27
  Speaker 1: Right right, Well, I think that's the thing. The good
• 21:30
  Speaker 1: thing is is that there's enough selection out here right
• 21:32
  Speaker 1: now for people who are looking to explore this. I'm
• 21:36
  Speaker 1: looking at your portfolio section within xper market. Any plans
• 21:40
  Speaker 1: for enhancing that or improvements coming up.
• 21:45
  Speaker 2: Xper market always goes through the improvements. We actually released
• 21:48
  Speaker 2: a new update to day improving day Seasons. This is
• 21:52
  Speaker 2: where users engage with gamified experience of the DeFi as
• 21:58
  Speaker 2: well as refreshed farming. This is where you're engaged with
• 22:02
  Speaker 2: yield farming. The portfolio also coming at some point. There
• 22:06
  Speaker 2: are a lot of features we would like to improve.
• 22:09
  Speaker 2: It was improved actually a month ago or so, but
• 22:12
  Speaker 2: as a startup, we try to move really fast. We iterate,
• 22:16
  Speaker 2: We receive user feedback directly, so we as co founders
• 22:20
  Speaker 2: do actually talk to our community yeah, we receive this feedback,
• 22:23
  Speaker 2: we see what they want, so all aspects of exper
• 22:27
  Speaker 2: market are being updated at some point.
• 22:31
  Speaker 1: One thing I've noticed is on magnetic token Thrasher is
• 22:35
  Speaker 1: a tool so you can, you know, remove unnecessary trust lines.
• 22:39
  Speaker 1: Let me kind of zoom in on that balances, you know,
• 22:42
  Speaker 1: et cetera. Is that something you guys are working on
• 22:46
  Speaker 1: as well, something like this that would be similar.
• 22:50
  Speaker 2: We have this feature integrated into our portfolio, so exactly
• 22:54
  Speaker 2: the one which you showed just before, and it works
• 22:57
  Speaker 2: in a way that you see all your tokens and
• 23:00
  Speaker 2: if your token balance is less than one extra p
• 23:04
  Speaker 2: I believe, then you will be suggested an option to
• 23:07
  Speaker 2: trash this token, which essentially means sending these tokens back
• 23:12
  Speaker 2: to the issue address and burning them and then removing
• 23:17
  Speaker 2: a trust line. So it is directly implemented into our
• 23:20
  Speaker 2: portfolio for better user experience.
• 23:24
  Speaker 1: Yeah, how long before you think we'll see you know,
• 23:28
  Speaker 1: popular wallets like Phantom or even coin based wallet, et cetera.
• 23:32
  Speaker 1: Add xorp mean coins.
• 23:36
  Speaker 2: I believe it does not really depend on mime coins specifically,
• 23:40
  Speaker 2: but we need to see the integration of extrapelature as
• 23:44
  Speaker 2: a network. We see major wallets like trust wallet, and
• 23:48
  Speaker 2: we also recently seen meta mask integrating extrapelature. But trustfold,
• 23:54
  Speaker 2: for example, supports only x rap but that's not enough.
• 23:58
  Speaker 2: If you would like to work with something like xper
• 24:00
  Speaker 2: market or Magnetics, you need a full support of the lager.
• 24:05
  Speaker 2: We always try to engage with wallets. We are trying
• 24:08
  Speaker 2: to be proactive. I do not know when we will
• 24:10
  Speaker 2: see this happen. We are also happy to provide some
• 24:14
  Speaker 2: incentives for the wallets for like launch rewards. If that happens,
• 24:19
  Speaker 2: I will be really glad and this will definitely reduce
• 24:22
  Speaker 2: the onboarding for extra per lature. But I suddenly do
• 24:27
  Speaker 2: not have an aswer when we will see even more wallets.
• 24:30
  Speaker 1: Well, I know that we have a lot of We've
• 24:31
  Speaker 1: had all the wallets on our show. I would say
• 24:34
  Speaker 1: that are you know, valued in the market. So hopefully
• 24:37
  Speaker 1: you guys are out there listening and you guys will
• 24:39
  Speaker 1: reach out to XP market get it going. What about fees,
• 24:43
  Speaker 1: We're looking at transaction fees. Obviously, the transaction fee with
• 24:48
  Speaker 1: XRP very very low. Is there any potential here where
• 24:51
  Speaker 1: we could see fees start to go up in the future.
• 24:55
  Speaker 2: There is one way at least one way how the
• 24:58
  Speaker 2: transaction fees can go, and this is if we see
• 25:02
  Speaker 2: the reduction in the wallet reserve and trust land reserve.
• 25:06
  Speaker 2: Since we want to reduce those thresholds, it means we
• 25:10
  Speaker 2: have to balance it out. And the best way to
• 25:13
  Speaker 2: balance it out so if you subtract from one side,
• 25:16
  Speaker 2: you add on another side, and we are willing to
• 25:20
  Speaker 2: add that side to the feeds. Right now we see
• 25:23
  Speaker 2: it at twelve drops, we are willing to increase to
• 25:26
  Speaker 2: two hundred drops, which is still really really cheap. It
• 25:30
  Speaker 2: is a fraction of ascent, but it might make a difference.
• 25:34
  Speaker 2: And as well, we will see much more fees being
• 25:38
  Speaker 2: used as the blockchain is being utilized. The more people
• 25:42
  Speaker 2: we have, the more transactions, the more fees.
• 25:45
  Speaker 1: All right, everybody's going to ask this question, and that
• 25:48
  Speaker 1: is kind of the quantity versus quality variation. If you
• 25:51
  Speaker 1: look at pump dot fun, you know the amount of
• 25:54
  Speaker 1: meme tokens that are being created on there obviously don't
• 25:56
  Speaker 1: have to go through the process of trust lines, et cetera.
• 26:00
  Speaker 1: That do you feel that the quantity for meme tokens
• 26:04
  Speaker 1: can win over on projects like xpre market versus what
• 26:08
  Speaker 1: we're seeing in the rest of the market.
• 26:12
  Speaker 2: With spumpled fund there is an actual statistics on how
• 26:15
  Speaker 2: successful these tokens are, and I believe the last time
• 26:19
  Speaker 2: I saw it was that only zero point zero one
• 26:23
  Speaker 2: percent of all issued mian coins on this service actually
• 26:27
  Speaker 2: received one million market cap and held there for a week.
• 26:32
  Speaker 2: So that's a tiny, tiny amount, yes, but statistically, like
• 26:37
  Speaker 2: it's basic statistics, the more you meant, the higher chance
• 26:40
  Speaker 2: there will be for a token to make this success
• 26:44
  Speaker 2: story and become a game changer right now an extrape laguer,
• 26:48
  Speaker 2: at least with xp market, we try to focus on
• 26:51
  Speaker 2: quality versus quantity. First, Ledger goes with the quantity because
• 26:57
  Speaker 2: it is slightly easier to mint a new toalk, but
• 27:02
  Speaker 2: there is the site for both of them, so there's
• 27:05
  Speaker 2: market for both of them, both for quality, both for quantity.
• 27:09
  Speaker 2: I believe that traders traders definitely want more quantity because
• 27:13
  Speaker 2: they operate in these short cycles, people who are not
• 27:18
  Speaker 2: actively being engaged with the trading, and they prefer to
• 27:22
  Speaker 2: hold short term mid term. They definitely go for quantity,
• 27:27
  Speaker 2: and hence different platforms help to tailor different interests.
• 27:31
  Speaker 1: Yeah, for sure. How do you feel that the x
• 27:34
  Speaker 1: orpiece stable coin. The ripple stable coin will affect a
• 27:38
  Speaker 1: marketplace like this really just meme tokens in general on
• 27:42
  Speaker 1: the XORP ledger.
• 27:44
  Speaker 2: Good question how it will assact specifically meme coins because
• 27:48
  Speaker 2: most of the trading, as you probably know, happens against
• 27:51
  Speaker 2: extra p token. So yeah, all payers are essentially against
• 27:55
  Speaker 2: x ORP. And it reminds me of something like twenty
• 27:59
  Speaker 2: sixteen twenty seventeen, where we had all trading pairs against bitcoin,
• 28:04
  Speaker 2: but now the pair against bitcoin. It's still used, but
• 28:08
  Speaker 2: it's more like a legacy system where people mostly compare
• 28:13
  Speaker 2: how well asset performs against the bitcoin, and most of
• 28:17
  Speaker 2: people trade against stable coin. I believe we will see
• 28:21
  Speaker 2: exactly the same transition, probably will take a bit of
• 28:25
  Speaker 2: time while we get more adoption, will get more users
• 28:28
  Speaker 2: and fresh money into the ledger, so we will definitely
• 28:31
  Speaker 2: slowly see the transition from x ra p pair to
• 28:35
  Speaker 2: irrel use deep air. We are willing to start a
• 28:39
  Speaker 2: pull amm pool with xpm slash arrel USD to help
• 28:44
  Speaker 2: users navigate and start to grow this stable coin. But
• 28:49
  Speaker 2: I believe it is very important to have a reputable
• 28:53
  Speaker 2: stable coin on the ledger because when you have one,
• 28:57
  Speaker 2: it means you do not have to take your value
• 29:00
  Speaker 2: off chain to transition it.
• 29:02
  Speaker 1: Into a stickling coin.
• 29:03
  Speaker 2: Yeah, now you will be able to keep your value
• 29:06
  Speaker 2: on this exact blockchain, but in a reputable stallble coin
• 29:10
  Speaker 2: and not ever leave it.
• 29:12
  Speaker 1: Yes, we was able to do that here recent Obviously
• 29:15
  Speaker 1: they brought on USDC and they were in the same
• 29:19
  Speaker 1: position in trading a lot of their meme tokens. It
• 29:22
  Speaker 1: was obviously you had to have SWEE in the wallet
• 29:25
  Speaker 1: to do it. So I haven't necessarily been tracking to
• 29:28
  Speaker 1: see if there's been growth on that in terms of
• 29:31
  Speaker 1: the meme tokens, but we did see kind of a
• 29:33
  Speaker 1: fall off in terms of activity on suite in terms
• 29:36
  Speaker 1: of memes. But I don't know, It'll be interesting to
• 29:39
  Speaker 1: see how this plays out for you guys. What about
• 29:41
  Speaker 1: all right, so let's just talk about XRP as a token.
• 29:45
  Speaker 1: Do you feel like there's enough transactions and awareness now
• 29:50
  Speaker 1: that's we're going to continue to see the price go
• 29:53
  Speaker 1: up for the rest of the year. What do you
• 29:55
  Speaker 1: have a price startet that you want to share?
• 29:57
  Speaker 2: I yeah, I personally maybe try and not to speculate
• 30:01
  Speaker 2: on the prices I try to trade from time to time.
• 30:05
  Speaker 2: I do know some technical analysis, and I was personally
• 30:08
  Speaker 2: expecting a traction to start going up after we hit
• 30:13
  Speaker 2: around eighty five cents. It's just one of the previous
• 30:16
  Speaker 2: resistance levels and it was quite attractive, and I believe
• 30:20
  Speaker 2: that the level between eighty five cents and dollars twenty
• 30:23
  Speaker 2: five is where we'll start to see the first capital rotation.
• 30:28
  Speaker 2: Probably some slow down, but as soon as we hit
• 30:33
  Speaker 2: one twenty five and go above that, I believe we
• 30:36
  Speaker 2: are essentially entering somewhat price discovery. Of course, we had
• 30:41
  Speaker 2: all time highs, but there were ages ago. Most people
• 30:44
  Speaker 2: already don't remember that. Some charts don't have this. But
• 30:48
  Speaker 2: I believe that we're still in the bullmarket and we
• 30:52
  Speaker 2: still have potential to go up. So don't take this
• 30:56
  Speaker 2: as a financial advice, but I believe that we are
• 30:59
  Speaker 2: here to see more growth, and with these growth, we
• 31:03
  Speaker 2: will definitely see more user activity. And we tried to
• 31:07
  Speaker 2: track like as a anotics platform, we do not just
• 31:10
  Speaker 2: look at extrap as a price. We also try to
• 31:14
  Speaker 2: extrapolate from the chain activity. And we still do not
• 31:18
  Speaker 2: see the same levels of activity as we had, for
• 31:21
  Speaker 2: example in twenty twenty two, where it was just enormous
• 31:26
  Speaker 2: and I believe once we start hitting these levels, the
• 31:30
  Speaker 2: price of extrap will be also somewhere higher than we
• 31:33
  Speaker 2: are now.
• 31:34
  Speaker 1: Yeah, I think for most of our people watching the show,
• 31:37
  Speaker 1: I mean, they probably don't remember, but XORP was like
• 31:39
  Speaker 1: a three bucks at one time back in twenty eighteen.
• 31:42
  Speaker 1: You had this big bump in twenty twenty one. Obviously,
• 31:45
  Speaker 1: that was in the early pump in that cycle, which
• 31:49
  Speaker 1: was one of the highest, but it wasn't the top,
• 31:52
  Speaker 1: but it was the first phase of it, and then
• 31:54
  Speaker 1: you know, it kind of faded out through that market,
• 31:56
  Speaker 1: which was around November. So listen, it's very very low.
• 32:00
  Speaker 1: Oh still, it'll be interesting to see if XRP continues.
• 32:03
  Speaker 1: It's run right now. We're definitely gonna be watching it.
• 32:05
  Speaker 1: It's one of the more popular tokens here on our
• 32:07
  Speaker 1: channel in terms of people and listeners and viewers, so
• 32:11
  Speaker 1: we'll continue to cover it. Archer, it's been great having
• 32:13
  Speaker 1: you on the show. Thanks so much for stopping in.
• 32:15
  Speaker 1: We appreciate it.
• 32:17
  Speaker 2: Thank you for invitation, Thank you for a time.
• 32:19
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• 32:32
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