WWW.BLOCKCAST.CCOn the latest episode of the Invezz podcast, we talk social media. Christopher Gulczynski co-founded Tinder and Bumble. Zaven Nahapetyan is a former Facebook engineer. Now they are co-founders of Niche, which is aiming to take part in the new age of social media. Are you looking for fast-news, hot-tips and market analysis? Sign-up for […]
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Timestamps:
0:33 Introduction to Jack Lu & Bounce Finance
1:34 Decentralised Auction Platform and what it means. (History of Bounce included)
3:30 Discussing scarcity of resources and the need for an intermediary (pref. is DeFi)
4:11 The Beginnings of Bounce. Uniswap inspiration
7:30 The ICO Scam era and the risk-landscape in 2021. Scam or not? No rules/reg.
9:17 Bounce Certified for higher-level projects. Certified is prioritised.
9:38 Bounce decentralised Auctions. Alternative method of raising capital.
10:41 Future: take Bounce tools. Bounce AuctionHouse will later become an auction toolbox.
13:31 Goal: to build a pipeline for services and resources. Collaboration to build DeFi.
13:52 Uniswap is a leader in the swap space. The need to innovate rather than repeat.
15:11 Discussing Copy-Cats. Jack discusses the pros & cons of Liquidity Mining. Liquidity is a marketing tool, but Jack doesn’t see Liquidity Mining as sustainability.
17:30 Discussing Andre Cronje’s support for Bounce. Liquidity Mining ignites a startups; "
19:40 Once you have a user base, it’s important to turn liquidity mining off to focus on users. So Bounce is in a deflationary mode and liquidity mining is paused. It’s tough initially.
21:40 Jack’s dual role: NGC as lead researcher and Founder of Bounce Finance.
22:30 Marketing & liquidity is a big piece of the launch/support process. Fees are taken for launching by many CEXs. Jack is not a fan of a token sale platform. Auction tools make it fairer.
23:40 Valuing the investors: Blockchain Capital & Parafi Capital. Sustained help & Networking is very important.
25:01 Vertical Uniswap Integrations. The Uniswap-Bounce connection.
28:41 The VC position on FairLaunch & Auctions. Jack does not believe Fair Launch exists currently
29:30 The need for early investors. This is imperative. Copy-cats: is this really fair?
30:32 Some VCs go the extra mile, so they do all they can to support them & help with logical, useful integrations.
31:30 VC Alliances across the globe. Grades of VCs. Discussing SanFran Alliance. Discussing China. Western Money ignited the DeFi space. Jack says the Western projects were the basis for DeFi. Jack explains China/Asia is highly productive.
34:11 What about quality teams and startups that are not in SanFran or ‘The West’. Jack says don’t box ideas into regions. Jack says Top VCs make early bets
36:31 The imperative of longterm investment discussed. Many investors DUMP your tokens, says Jack, :let’s be real". But VCs will help you longterm. Backers discussed. Utility value of token discussed.
39:29 Synthetix DAO, Synthetix/Kain Warwick’s investment/support was strategic & mutually beneficially.
40:30 Use Cases discussed. Allows anyone to open any auction with an ERC-20 asset. Literally anything can be auctioned. Novel experimentation, especially in the world NFTs. Self managed NFTs catered for (not so popular yet due to complexity). Financial NFTs discussed.
43:12 The Challenges of Regulation. Soon this will all be a decentralised as a toolbox
44:44 Bounce Certified: KYCAML is required. United States is precluded. This is more a managed version of Bounce. (more CeFi led)
46:11 The different types of Auctions. Simple start, but Bounce expanded its type offerings.
52:21 Launching without notice, but with product. (and those without)
53:10 UX/UI and support for various chains. Binance Smart Chain, Ethereum: live. Bounce received a web3 Grant, so Polkadot inclusion/integration is coming to a DeFi Auction! Jack explains why.
55:20 Jack supports top chains. Jack supports the multi-chain tech perspective/tech-logic.
56:22 Polkadot. Layer 0 interoperable chain will link multiple chains in the future. Parachains of all kinds will emerge, & Jack suggests this will include Ethereum because they are EVM-Compatible
57:57 Composability & Compatibility is the future of the broader Web3. Parachains discussed. Bridges, DeFi discussed. "polkadot will solve the cross-chain problem"
1:01:59 Stats related to users on Bounce. Volume in different areas (some liquidity mining-influenced stats).
1:04:07 Is there Polkadot and "polka"..dot. We discuss copy-cat risks. We discuss different platforms that have emerged. Tools and Token Sale Platforms still exists today.
1:06:14 OptionRoom dual token sale (just happened with insane success for early investors). Bounce certified is very transparent (requires startup application).
1:07:40 But are other token launch platforms manually distributing tokens?
1:09:35 What about the risk of Bounce being copied.
1:11:12 Bounce Certified is designed to attract
1:12:20 Polkastarter, polkamarket discussed.
1:12: 40 Marketing comes after Infrastructure. Nine auction types
1:16:50 Token economics and metrics
1:19:01 Liquidity, Staking & change from BOT to AUCTION 1:100
1:23:10 price as marker what’s meaningful
1:27:20 Partners/Integrations/RoadMap- NFTs, DevAPI, parachain auction
1:30:30 more on Marketing expenditure/views
1:33:01 closing.
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