10/25/2024 Uplink Community AMA

Summary of Discord AMA, October 25th, 2024.

Uplink participants:

• Claudia Olah, CMO

• Carlos Lei, CEO

• Mike Post, Community Manager

Thank you to all of the community members who attended! [AMA begins] Carlos: Hello, everyone! It's good to be here. I'm very excited to explain what happened this past month. We just came from Buenos Aires, which was a super productive trip. We were at the Avalanche Summit. There's a few reasons why we were there and there's a lot of things that also happened while there and we announced something there that was basically just for the people who were tuning in and watching me speak on stage. But we want to share this with you guys. We're really excited. We also got some questions and thank you so much to everyone who sent their questions. Again, if you have questions, please write them here. We'll try to go through them.

We've been very active lately when it comes to media. We haven't shared this yet because many of them are not live, but we've been giving a bunch of different podcasts. We've been giving some very interesting interviews. There's this very long video, I think it's going to be like 10 to 15 minutes just of Q&A as well with one of the biggest Web3 news outlets out there. I'm very excited for that one. And I mean, we were told that today one of these podcasts are going to be live. Now I'm just saying today there's going to be a lot more content. There's basically two things every time we speak. One, we're even testing in the sense that there's things we've been building, there's things we've been working out, we're telling you guys first, so please give feedback. It's really important for us to get feedback from the community. All these interviews, all these podcasts, all of these things we're doing. A lot of times we're mostly speaking and I like to focus on that, speak a lot on the industry. So for those who don't know, we've been in the telecommunication space since, I mean unofficially for 10 years. Since 2014, but officially we started the company back in 2016. So we know a lot about the telecom space.

We had a lot of ups, we had a lot of downs, we did a lot of learning. We've been working with a lot of companies in this space for this past eight years. So, many times when we're speaking on podcasts, those are the type of things that we're talking about. It's more about the market itself.

Anyway, about the Avalanche Summit! I want to explain why we were there and what our goal was? I'm going to give you my perspective, and everything I'm telling you, it's basically the same things that I share with our team internally. There's basically two things. One, as I was saying, we started this Web2 company. We already had a lot of different customers. We already have network demand. We knew this. However, one of our biggest issues, and for those who know about our story and why we actually turned into Uplink is like, yes, we were helping all of these devices from all of these enterprises connect each other. So we were creating local networks, but we needed at least one of these devices to be connected to the internet so the entire system could be connected to the internet. That's what we were doing. And then we've discovered it was a headache to have at least one of these devices connected to the internet, but around there would always be some wifi hotspots from someone or someone's apartment with a wifi router. And that's kind of how we created Uplink. It's like, let's incentivize these people so they can share connectivity. So for us to incentivize this and for us to do this, we knew we have to find the right tools for that. And obviously using a blockchain is a no-brainer. It allows us to create the right incentives, it's extremely transparent, it's perfect. And we've been trying to find partners for this. So we were like, okay, we have everything on the communication side. We need to find one or a few blockchain partners. And that led us to speak with a lot of different protocols. I don't want to name others, but we spent more than one year speaking with a lot of different protocols. We tested a lot of stuff, we played with a lot of stuff. And eventually we decided that for now we're going to be using Avalanche. We really liked the team, we really like the tech. Now with the permissionless L1s, we can basically, and we did it, we can basically launch our own L1 in less than 24 hours. So it's been quite helpful for us.

Claudia: Carlos was on stage at the Avalanche Summit. We will have that live for you, I think early November is what they told us on their YouTube channel. So we're giving you guys this info a lot earlier than the public.

Carlos: Alright, so I know there's a lot of questions here about the points program. I'll get there. But even before we touch about the points, and very frankly, I think what's important, is why the points, why are we doing this? Why are we doing the coverage map? There's basically three metrics, and I'm sorry if I'm getting too much into the business, but these are literally the reasons why this makes sense. Three metrics every time we're looking through the telecommunication space. One, we all know there's going to be billion of new connected devices. So in the next four or five years, literally the amount of devices that we have, that are connected to the internet -- phone, IOT, VR, desktop, whatever -- hey're going to more than double. Two, each single device, including the ones we already have, they're going to be consuming five to seven times more internet. So a lot more devices, a lot more demands. But then which means, okay, there needs to be infrastructure to be able to connect all of this. But three, and this is the financial part, the price of data is actually going to get cheaper. It's actually going to get lower from between 70% to 90% depending on the region, which basically means that the business model that the telcos have today, which is they spent billions building all these antennas so we can connect to them, they're not going to make any more sense.

And that's why we do what we do. That's why we're doing DeWi. That's why we do decentralized wireless. That's basically why we launched this platform. That's basically why we're giving points. And the reason why we're doing it is that DeWi and DePin in general only makes sense if we have a lot of us, if we have entire communities providing infrastructure to the system. But in order to do this, we believe that people should be rewarded. Why should a person come up with infrastructure or allow allow their router to be used for network offloading, for example, if there's also no rewards. The financial rewards are going to be on the telco side. They're going to be making money because they're being connecting. Where's my share? We believe that this should be more democratic, this should be more shared. And that's why we're doing what we're doing. So with this platform, our goal -- and this answers one of the questions someone sent us in the chat -- is to go live with our network, and to launch a token sometime in 2025. That's our goal. In terns of the technology, we're getting ready for that. But there's a lot of different aspects, legal, financial, et cetera, that we need to keep working on and solving. Until then, community is our goal. We want to keep engaging with our community. And that's why we launched the points platform. We basically already want to give something. We already want to gamify this. We already want to build community because the tech is ready.

But Claudia, help me on this one: we had a few people asking us like, Hey, where are these points going to be worth?

Claudia: Yeah, a little bit more of that at a later date. We can't promise, Hey, these will come to X value at a later date. But we also want to let you guys know that we are making sure that these rewards points are recognizing your key contributions and that the people that are contributing the most are going to be rewarded through our partnerships, through all the offerings we can put on the table, especially later on. Right now it's just points that can lead to, for example, when we are in Argentina, we gave people exclusive invites to our party. They got to come hang out with us, meet the team. We had free drinks and food, and they got to meet a lot of the partners around Avalanche as well. So that was really exciting. We're going to do a lot more localized events for our top ambassadors as well. We want to give more points to key contributors to the ecosystem than what we would normally give everyday community members. So there's a whole layout of that. But legally what we can say in terms of the point system right now is very limited. We all understand how point systems work and that they will actually amount to something in the future, but we can't legally say right now exactly say what that is.

Speaking further about points, I wanted to go a little bit more in depth into our referral system. Based on the fact that we're already up to more than 40,000 pre-registered routers on the platform, clearly people are going and referring people to our platform! We really appreciate you guys referring so many people to the network. How our referral system works is, especially in these early stages, is if I refer someone directly -- if I refer, for example, my mother, my grandmother, which I've actually done -- and they come into the network, I will earn 20% of all of the points that they earn on that platform as well. And if they refer someone else, I would earn 10% of the points from those whom they referred. And on top of that, there's even a third tier. So if that third person refers someone as well, I would earn 5% of their points from their referrals.

This system is really meant for bringing in people who are going to contribute to the network in a real way. And on top of that, we have a bonus reward for these referral points. For example, you get 50,000 points for referring five people. A key point of this section though I wanted to point out was that the way to get referrals, we've seen a lot of success from our community on going online, telling people about what we're building, how to register your account, and then pre-register your router, which is all they need for right now, but in order to be a validated referral later on, that'll be through the Uplink mobile app. And then you're also going to need to bring them through that process. But going online and sharing a referral link is the easiest, most common way to refer people.

We've had some people in our community actually reach out to us like, Hey, I have this connection with this a company that has of routers or something like that. And then they'll come to us and directly import the router information. So that helps in registration in a very real way in terms of who's actually using the network and who's actually going to be validating the router connection through the app, because these router connections are going to need to be validated in order to count as a referral. So even though you're pumping all of these pending invites right now -- and I highly suggest that you get started on this now because we will be tracking first tier, second tier, et cetera -- you will see that in rewards points later on when we have the Uplink app ready to go.

One thing that I'm extremely excited -- and I want to thank you, all of you guys -- is that in two weeks we got to 40,000 user registrations. That is amazing. It's way more, way more than I was expecting.

And one thing that we want to say is we've also focused on some key areas and we're going to keep on doing this. We have what we call a surge mechanism, which is in specific regions in the world. For limited times we are going to create a surge, which means if you are in that region and if you register your router there, you're going to get a multiplier of points. And we test this out, we wanted to test it in Buenos Aires, we wanted to test it in other places in Latin America where we're actually already working with a few customers and we got about 10,000 users in those areas! So it was amazing so far, this is proving what we wanted to prove. And I thank you all of you guys.

Honestly, I think it's probably even more -- we had 42,000 pre-registered routers today, which is amazing,

Carlos: And also we've been keeping track of these numbers and there's a few things that we have to say. So we have people registering, there's the pre-registered routers and soon, and that's what I'm going to speak here about the sub, there are going to be the validator routers, which is something completely different. One of our fears was like, okay, we're going to have all these people, people are going to register routers. What if they are fake? Yes, there've been some people trying to fake it. We quickly see them and we quickly can remove them from the list. But at the end of the day, most of them are actually real routers, real deployments, and the numbers show it. On average, each person is registering 1.5 routers, which is great when you take into consideration that some of them are actually, as Claudia said, are companies and they actually come with dozens of different routers.

So thank you everyone for this. But now the part that I was on stage speaking about, and the one that I'm actually extremely excited to speak about, and this is coming very, very, very soon, is a new way to pre-register routers, to validate routers and to get points much, much, much easier. And that's the mobile app that we're going to launch in the near future. So, what is this mobile app? It's an app you have on your phone, and you're literally walking around and every time your phone senses local networks, it automatically saves them and saves the location. So we're doing wifi mapping just by you downloading an app and walking with your phone in your pocket, for example. That's what it does. And you get points for this. We want you to walk around. It's almost move to earn. If you move to places where there's wifi and nobody with the app has been yet, you're going to get points. And this does automatic mapping. That's part one. Part two is that if you actually connect to that wifi router, then it validates that router. So our goal is all of these routers that have been preregistered and all of the routers that are going to become pre-registered by using this app, if you connect to them, you validate them, you get a lot more points. If you validate a router through the app, we know that it's real. It shows us like, Hey, this router is providing internet. This router is basically connected here. This is super cool. I'm so excited for this. I cannot wait to have the app ready so that community members can do this move to learn. I want you to paint all these routers. I want you to connect to as many as you can. I want you to validate them and I want you to make points. I want you to map the wifi infrastructure of my neighborhood and let's all do this.

Claudia: I'm excited for it too. It helps us from a quality of service perspective, but it also helps in mapping, and this is something that we can actually sell back to companies, it's something that is going to help figure out where we need more connectivity, where you can add more value to the network, and it's actually going to be the core of our on-chain proof system and ways that you can contribute to the network in a real way. So I'm very excited to have an initial release of this and then start playing with our testnet to see how this is actually working and testing things out and making sure that we have everything exactly right before we can go live with testnet.

Carlos: There's a few things I want to say here, like three different things. One thing is that we are not going to ask you for passwords ever. That's not what we do. If you ever get contacted by someone saying, give me your wifi password, that is not us. We don't do that. We don't need it. And this is something that I speak a lot of times: your network is your network. What interests us is the router that you have. We basically have mechanisms, let's say, to create a highway next to your highway that can be used for the telcos, but we will never ask you for passwords.

Claudia: For validating and registering your router connection, when you connect, we found a way to kind of give us your router information so that we know what type of tools and solutions that we need to provide you so that you can become part of their Uplink network as soon as we're live. And that's also why we took it out of our pre-registration process because we wanted people to be able to pre-register and become part of the ecosystem without having to be home at the router, getting their MAC address and other information. And I know it's a complex process to do, and we do appreciate the people that are giving us the information early because it helps us right now, but we didn't make that information a requirement during pre-registration. During validation, we get this information for the same exact purposes. So it helps us build the company and the internet ecosystem that you guys want and need.

Carlos: So anyway, long story short, we will never ask you for passwords. If you get that question, that's not us. Part number two, and talking about the app, and this again, we're telling you this early because you're the community! As you guys know, we're basically just waiting for app store approval. This app will be live. There's going to be the first version of the app, and you guys are going to be the first ones getting it. I'm sorry to say, it's not going to be the sexiest at first. All the functions are there. It works. It does what we want to do, but the front end, it's not the sexiest yet. So we're sorry for that. But it will be! But anyway, it works. It does everything we want. It's amazing. But then the second part, when we are going to announce this to the public, it's going to be like with a better interface; but in the backend, everything is working already. It validates, it gives you the points, so that's fine. Anyway, we're waiting for the app store to tell us that everything is okay. I am so excited for this. And at the end of the day, validating routers is helping the telcos, this is helping the industry, because we need to know what infrastructure is out there. That's step one. Then step two, it's making sure that that infrastructure connects to the Uplink network and we all win. So I'm very excited about this one.

Claudia: And overall from the community, from investors, from everyone in the space, we've gotten a lot of really positive feedback on where we're going with this app and our general direction. So we're really excited to be sharing it with you guys. I know Carlos, you already kind of gave this information. Carlos, do you want to share a little more about Avalanche?

Carlos: As I said, we started as a Web2 company. We were like, there's a huge market opportunity here. We have the tech customers, but we need to create incentives and to create incentives. We need to be using a blockchain. It's transparent, we like it, it's secure, let's go. So we spent more than a year just playing with a lot of different L1s because for us, at the end of the day, we almost didn't care. It was almost like, okay, as long as there's enough TPS, as long as there's enough uptime. So uptime is a big requirement for us. We literally have deals on the other side with enterprises that are telling us your network needs to be live 99.9999% of the time.

So we cannot use a chain that can go down. So yeah, uptime was one of our requests. The second metric for us was transactions per second. And then the third one, and this was the most difficult one to actually evaluate, was community. Because at the end of the day, that's what we're trying to build here. We're trying to build a community, our project, but if we're going to use a blockchain, we also need to tap into those communities. And we wanted a community that is not here just for short-term gains. There's a few different blockchains and L1s that are very active, but when we looked into who's actually staking and for how long, we felt a lot of people come in and they leave very quickly and we don't identify with that. And with Avalanche, one of the things that I remember first seeing is that actually 80% of the people that were staking, they are staking since the moment they went live. They are still staking and that's incredible. So yeah, we met the guys. They're absolutely amazing. They're great people. But I also have to say that we're not cornering yourself into the immutable. If one day we believe that it doesn't make sense, we can change. But I hope that never happens because so far we really like them.

Claudia: Yeah, and we've had massive support from Avalanche, probably as much any project that Avalanche has worked with, which is going to go a long way toward building up what we're trying to build. I personally am a huge fan of Avalanche. I'm a huge fan of their low gas fees. I'm a huge fan of a lot of things they're doing. I've spoken to a lot of people about this and it's a different avenue. Most people are building on peaq or Solana or whatever. This does not mean that we can't build on that later on, just that our layer-one will be on Avalanche and then we can add other bridges as well, like Solana, like peaq, et cetera, so that people in the ecosystem can use that blockchain in order to process gas fees or do certain things. We really want to be super inclusive. But this first testnet and mainnet is going to be on Avalanche layer-one. We're really excited to be partnering with them. We're going to have an announcement with them later on this month, so that's why it's really hush hush for right now, and we're only sharing it with our community and we're really excited to be able to share it with you guys.

Carlos: For the last segment, let's answer some questions! One of them I feel we already answered, which is how does Uplink plan to reward the community for points in the long term.

Claudia: Earn as many points as you possibly can during this early adopter phase. You have the opportunity and kind of a headstart in front of everyone else, which is the whole point of early adoption. So earn as many points as you can. The whole reason why we put a lot of thought into this point system when we were building it is because we want to assimilate our existing ecosystem. You're going to earn the most points for those on-chain activities that we were talking about: validating routers, verifying routers, adding more wifi to the map. That's going to be the core of our business, and you're going to earn the most points doing that. And I'm not saying that you need to go out and walk around and verify and do all this extra stuff, but if you're referring people now, you'll be earning a portion of those points that those people are generating on the platform. So just think about that and when you're trying to help us right now in our early growth stage!

Carlos: Another question, and I feel that we get this question regularly is what's the purpose of Uplink? What's our long-term vision? Our purpose is very simple. As I was explaining in the beginning, we're at a point in time at which the telecommunication industry has reach a peak at which it basically has to change. There are so many new devices, there's such a connectivity demand, and it just keeps on growing, that the current infrastructure cannot serve all of this at the same time. The financials of the current infrastructure also don't make sense. So the telco systems will be decentralized. That can mean multiple things. That can mean that the current infrastructure providers can change their business model, or it can basically mean that there's going to be a DePin company like us who's basically going to be the ones to decentralize that infrastructure.

To make a long story short, our purpose is the following: it's that if connectivity systems don't become more decentralized, literally the internet that we have today on our phones, the services we have today can literally can be the best we ever had if we decentralize it. That's actually a real, real, real scenario. If nothing changes on the infrastructure side, if it doesn't become decentralized, with the amount of new devices connected, if we keep the same service for everyone, it means we're all going to get worse internet. We want to avoid that. We want to basically decentralize infrastructure. That's our purpose. We want to become what's called a network orchestrator, where is it doesn't matter who's providing infrastructure on the network. We basically just help manage all of that. So if T-Mobile customers need to connect, they can connect to the infrastructure of people or businesses who are providing it.

So that's our purpose: it's really to decentralize infrastructure. This needs to happen. That's the thing: this will happen, and it's more of a question of who's going to be the one doing it and what's the best business model at the end of the day. Another question: when will the network go live and when token? I also mentioned this earlier on this call: we're basically waiting and we keep getting feedback from our lawyers. There's a lot of things from a regulation standpoint that we need to do. We feel we are ready. We already have companies using this, but there's still a lot of things we need to do in order to be able to launch this. But as Claudia said, if you guys keep earning points, those points are basically giving you a headstart to anyone else. So those points will be translated into something after the network goes live.

Claudia: And just for an example of why there could possibly be a delay, we have all of our ducks in order; the foundation of the network is being built, all the core principles are there. Something we're really, really focused on right now is compliance and making sure that this company is as compliant and legitimate as humanly possible before we launch a token. So that is the only reason why there might be some delay, is if there are certain compliance documents that we're trying to get and if there is a delay in getting those. And then once we have everything all in line, we can give you guys a little bit more information about what points will mean, and we will have rewards before that through our partnerships. So stay tuned on that. Basically, right when our network goes live and when we have our proof mechanisms on there and our contracts, we can start going more into detail. So stay tuned.

Carlos: An important question, and this we really have to talk, which is what will happen to routers that aren't validated in the next stage? Will the points be taken away? This is actually a very good question and Claudia, do you want to answer it?

Claudia: After the app is released, there will be a time period during which if you don't validate that network connection, we will take away that preregistered router and the points that you've earned through that preregistered router because it doesn't exist, not in our system and not in the world. So all we need to know is that you own that router or that it actually exists and there actually is connectivity. So you have to be as honest with us as possible from the beginning in order to keep the points that you're generating from now going on forward.

We will let you guys know as soon as this is happening and there will be a chance, if necessary, for you to add your correct router information. I know that there's been some questions about, Hey, I accidentally put the wrong location, or maybe there was some issue with Mapbox. Although a lot of those issues are resolved, we're going to make it to where you can actually add a router that has a real location and delete the ones that are not correct. So we're working on that on the tech roadmap. There's a lot on the tech roadmap to be honest, but we've been constantly pushing up updates. Surge map is going to be part of the updates, but yeah, I can't wait to share with you more information as soon as it's updated. As Mike always does, he will let you guys know as soon as we have product updates and pushes that are going out, and how will impact you.

Carlos: We want you to validate the routers that they exist. We understand that the ones you pre-registered, something might be wrong. For example, the location might be wrong, et cetera. We give you the chance to correct this with time. This is not from one day to the other. But yeah, at the end of the day, what we're doing is we're giving points and we're going to give rewards for those. There's two ways, again, with the wifi mapping application, you can be validated by just someone literally walking next to it and saying like, Hey, this one's here, it actually exists. That's one thing. Or you connecting to it. But after a period of time, if those don't get validated, then it means they don't exist.

Claudia: And I was listening to a podcast the other day and it lined a lot with our vision of community because basically what we're building and how we've started this initial development is very community focused. And the reason why we did that is because if the community that's actually validating connections, that's actually creating nodes on chain that are actually doing all of this work, they are the core of our business. You guys are the core of what we're trying to do.

Carlos: Another question: what if I have to replace my faulty router for a new one? And what happens to the points? Great question. We've actually been working a lot on that. Here's what happens. There's a reason why we ask you not only for router information, but also location information. If we're seeing that your router stops being validated and now you have a new one in the same location by the same user, then we know, okay, this user just changed the hardware, but it's still providing the same service, it's still providing the connectivity. At the end of the day, what we're actually validating is that there's something provided a service there. And we understand the hardware can change, but as long as that service in that area by that user keeps existing or even improving, then of course you keep your points and you can even make greater quantities of points if now you actually even got a better router that gives you a lot more coverage.

Claudia: This process is mainly to weed out malicious intent. We're not going to go around and just start deleting accounts and routers and things. That's not what we're trying to do. What we're trying to do is just make sure that the intent is there and we're weeding out malicious actors. That's all.

Carlos: Yeah, it's all about intent. Until we go live, it's all about you saying, Hey, I have intentions of providing connectivity here, and by the way, I already have my own router. Here it is. Or I'll actually buy a new one and I'll put it in this location. So yeah, we want to reward you for that.

I like this question: in layman's terms, how ordinary people benefit from Uplink? There's two answers here. One, I would say, is what's the impact in people's lives? And the second one is, what can these people earn? Starting with impact, what we do with Uplink is improve internet connection so that by itself, it improves the lives of ordinary people. It does two things. If you have better internet connection, if you have better connectivity infrastructure, you have a better service. And if you have more, it can also make the costs go down.

The reason why we started this is that we truly believe -- and we actually even have this quote in our office in virtual -- is that connectivity is a human right. We really believe in this. I wouldn't be here today if it wasn't for the internet. While I was living in the middle of nowhere in Portugal, most of the things I learned was because I was connected to the internet. That's how I started learning about technology and that's how I started coding and all of this. So connectivity is a human right, and we want to improve that part. So that's how the system impacts the people. On the other side, how Uplink can also benefit people. And that's where I was going. If you already have a wifi router, if you already have infrastructure, if you don't mind that that one is used for improving the system in your community, then we give you rewards for that. One, better connectivity, cheaper connectivity. And two, if you are part of it, you also get rewarded.

Claudia: On the subject of the points platform, we appreciate everyone's feedback and we're making sure that it's being heard and seen to as quickly as possible. We have a list of everything that needs to be improved. We are doing our best to be constantly improving If you find any bugs, if you find any issues, if you have any suggestions for improvement even with our UI/UX, please let us know. We're open to it. We're building this for you guys. At the end of the day, this is something that's going to help you manage your routers, manage your platform, and all the on-chain capabilities that we're going to be launching on Avalanche soon. So please let us know what you'd like to see!

Another question: how is Uplink going to ensure reliable connectivity? I understand where people have issues with telecommunication companies that they're working with right now. Basically, they come in, they install a piece of software, and then they're like, okay, here's your speed test. And they do the speed test and then a million people are using the network at the same time and then all of a sudden you don't have a good connection. So there's an issue in the way that we actually determine quality of service. Our proof system is meant to counteract a lot of those issues with quality of service on its own. But then when you think about it as well, if I was a telecommunication company selling you internet, with most companies you're coming from a central database server which does have security issues. The companies that we work with, such as OpenRoaming, have the highest ranking standard of security and connectivity, and we add even a more intense layer onto that through decentralized technology and through what we're building with Avalanche, which adds even a more level of security. And on top of that is the 18 months of due diligence that we worked on with the Fortune 500 company that we worked with, though we can't share the name of it just yet.

At the end of the day, this has to operate like a marketplace. You need to have demand from one side, which are businesses, at least for us. We're very focused on providing connectivity to the telcos and to the Fortune 500 companies that need it. And then on the other side, we have the community building it, which is all of us. But for that to be easy, we need to be working with certain standards. So we joined a few alliances, alliances which I would say every single major player in the telecommunication industry is also part of, and we're we're using the same standards as everyone, and when we say we're using or we're even contributing to standards, there's a lot of security aspects ofthat. So we either use things that already secure what your telco operator uses today, or we actually come with new proposals and we have to propose to this alliance because it also doesn't make sense for us to build the most robust and secure system in the world if then the customer on the other side who needs to connect cannot even connect to it. So that's why we're part of all of these alliances, these work groups. We actually want to add all of that or most of that in our whitepaper.

But we can actually explain the whole concept and we have everything on-chain. With the companies that we do work with, all of that information is going to be very transparent with everybody because it's going to be funneled through the foundation. We're going to have circular tokens so that people that are actually using the token can use that for purchasing data on the platform, and the amount of money that we get through the foundation, we can actually use that for certain projects that are going to make connectivity even better. So everything that we're working on is just to make the community even better as we grow. So we're really excited to have you guys here in the beginning and to see where we're focusing our efforts.

I don't like to say it because it might sound cliche, but the fact is we wouldn't be here without you! We wouldn't be here without our community. What we are telling you right now, you are literally the first ones to hear it. And your feedback is extremely important for us. So our engineering team, based on this feedback, based on the requests, based on the messages we get on Discord, they actually go back to our technical roadmap. That's what we're actively working on. We might have our ideas, we might have an understanding of where we want to go, but without feedback, we might be building something that people don't want to use. So thank you so much for showing up. Thank you for your questions. Thank you for everything. Please keep telling us what we're doing wrong. I think that's very important. The reason why we have these conversations is for you to let us know what is not working so we can change that. So yeah, thank you so much to everyone. I really love this. And one other thing I have to say, we're going to start being way more active with our communication, way more active with going to events. For the next few months, or I think even the next few years, we're going to be almost on a world tour. I hope we're going to be in a lot of different events. We have our amazing ambassadors, and we thank you everyone who became one and has expressed interest in becoming one! We want to be doing meetups all over the world. I personally hope that I can meet every single one of you in person once. So thank you so much.

Claudia: Speaking up, we are going to be at DevCon in Thailand, and we are prioritizing ambassadors in Southeast Asia and in Thailand. So if you are in that general area and would like to help contribute, that means we can give you swag, we can give you presentations, you can do on-the-ground referrals to earn points. If you live in that area, please let us know because we are very, very much interested in targeting the Asia general market right now. So contact Mike, open a ticket with Mike, or apply on the ambassador form, and we will make sure to prioritize people in those regions on the ground.

Carlos: This was amazing. I love doing these. Any other questions you guys have, let us know. Let's keep in contact, and thank you so much, and we'll let you know as soon as the app is live. We're waiting for the app store. I'm so excited for this app. The first version's not going to be the sexiest, but the functions are there. But the second version, which we're already working on, that one is sexy. That one's cool.

Mike: Like Carlos and Claudia have said, thank you all so much to everybody for attending, and if you ever have any feedback, any questions, anything I can help with, really anything at all, please be in touch. Don't be shy -- I'm here to help! We'll hope to see you all at the next AMA. Thank you once again for attending.

[Session Ends]