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STRATO ICO Community AMA

STRATO Team|

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Contents

Introductions and team background

[00:32] Art Malkov: Hey everyone. Super excited to host this session. So I'm Art Malkov, former CMO of Pundi X, IoTeX, Zilliqa. So seen Web3 across different angles and really excited about STRATO. Phenomenal team.

And today we'll be talking about their upcoming community ICO and you'll learn what it is, what it means for you, how to participate, and a whole bunch of other elements. Therefore, without further ado, I would like to bring out the whole team and we're gonna go through quick introductions. Let's get everybody on stage.

All right, so I will go one by one. Let's start with Kieren, the CEO of the company, the fearless leader. Maybe tell a few words about yourself as a quick intro.

[01:24] Kieren James-Lubin: Hi everybody. Kieren, been in the space long time. We all work together or many of us work together even in the prehistory on the Ethereum Haskell mainnet client. And I've done a whole lot since. So happy to be with you all.

[01:41] Art Malkov: Amazing. And next, Victor, maybe give us a quick introduction.

[01:46] Victor Wong: Yeah, another co-founder along with Kieren and Jim. Long time in the space, part of Ethereum before the launch and launched many of the first RWA projects on Ethereum.

[02:01] Art Malkov: Oh yeah, it's the OGs over here. Next we have Jim and Natasha. Let's tell about your roles.

[02:10] Jim Hormuzdiar: Hi, yeah, I'm James Hormuzdiar and I am one of the founders and CTO of BlockApps.

[02:18] Natasha Hormuzdiar: And I'm Natasha Hormuzdiar. I'm house counsel for BlockApps.

[02:23] Art Malkov: Amazing. And Bob, maybe give us a quick intro.

[02:28] Bob Summerwill: Hey everybody. So yeah, I'm Bob Summerwill. I'm Head of Ecosystem. Fairly new to BlockApps and STRATO, but long time Ethereum and fellow traveler of these guys.

[02:43] Art Malkov: Amazing. And Jeff, please maybe share some with us.

[02:49] Jeff Powell: Thanks, Art. Hi, I'm Jeff Powell, CSO at BlockApps. I've been doing business development and partnerships in the software space for a long time. Been at BlockApps for more than five years now. And my job is basically to drive revenue and do whatever Kieren tells me to do until he tells me to stop doing it.

Gold, silver, and inactive capital

[03:16] Art Malkov: Amazing. So let's start with first question. So this is for a question for Kieren. Gold just hit all time highs. Why does it matter? What does it matter for STRATO right now? What is, is it good? Is it great?

[03:33] Kieren James-Lubin: It is definitely a good thing. So gold is one of the main tokenized assets on STRATO. All in all, we're just shy of 40 million across all the assets on STRATO.

But gold is far and away the biggest and it really speaks to the changing nature of demand in the world. As we've seen central banks start to rotate out of treasuries into gold, some silver too. That's definitely part of what's driven gold to all time highs.

But it's the kind of world where you got to pay attention to something like gold. And the way we tokenize it makes it more accessible to everybody.

[04:16] Art Malkov: Yeah, I mean gold is the oldest currency and the most valuable currency. So it's really cool to see how we're bringing to their new reality the new world tokenization possibilities. The way I would put it is unlocking that illiquid value and making it, I guess, liquid gold.

All right, we'll work on that one. All right, so next point is what's broken about the way people hold physical metals today. So maybe Kieren and Jeff as well as Natasha, maybe you can share that with us.

[04:51] Kieren James-Lubin: Yeah. A lot of gold is mattress gold. Right. Especially so maybe it's slightly less true in the United States. But if you were to have a category of people who have the largest gold holdings, it's Indian households, Indian women in particular, like wedding gifts and that sort of thing. China is not that far behind and it doesn't provide any sort of financial access.

So gold is excellent collateral. It's not super volatile. You can move through the established markets quite large quantities of it at reasonably low fees, but the average person doesn't actually have that access. Obviously gold is physically kind of inconvenient. So if you're holding it, you're really holding it as a savings asset.

Before, what was it, 1971, our dollars were at least nominally backed by gold. So you had this paper note that's far more convenient than the gold itself that theoretically you could get the gold for, at least it was even questionable at that time. But then we suspended the convertibility altogether and there are just a whole lot more dollars in circulation today than there were at that time.

So it's an inconvenient asset, but it's stood the test of time as far as a store of value. Like a house usually costs about 100 ounces of gold. I think this has been true across the century. And we've seen those prices go from something like 270,000 to 450,000 in the United States with the kind of inflationary run up around the pandemic time and kind of onward.

So it's a great perennial store of value. Quite inconvenient, not providing the financial access it could. And again, it's kind of strange. We used to use it and we sort of stopped.

And actually it's interesting to note - and we're super crypto believers here - it is even the case that more Americans hold Bitcoin than physical gold. So that's a great thing. Nothing wrong with that. But people should have - gold is great. People should have some exposure. My opinion, not financial advice. Yeah, Jeff.

[07:18] Art Malkov: Jeff, please.

[07:18] Jeff Powell: Yeah, I mean, that's really interesting, Kieren. And I mean, what I think is so fascinating is that whereas gold has been a store of value for people, as you refer to it, it's a mattress holding, whether or not somebody has it in modern parlance, in a vault or in a safe or under their mattress or buried in their yard. But that was the case thousands of years ago.

And for most people who hold gold, it's still the same now. That's what they're doing with it. They're just holding onto it, waiting for it to go up in value, in which case they're going to get rid of it. And obviously, that's the great thing about tokenized gold, is that you can access the value of it without actually getting rid of the asset.

Whereas I love gold, I also am very fond of silver, and silver is the same way. Of course, silver has more utility in an industrial sense in some ways, but a lot of people hold silver and it's the same thing. They hold it, waiting for it to go up in price and then selling it.

And it's interesting because even though silver is down recently from the time that we started selling it, it's actually tripled in value. And the great thing about people like us who have the digital silver is that we are able to leverage the value and the benefit of that and still actually hold on to our silver.

[08:42] Kieren James-Lubin: Yeah.

[08:42] Art Malkov: Yeah, that's great. And Natasha, I think you want to chime in on that as well. Please let us know. What do you think?

[08:48] Natasha Hormuzdiar: I want to basically reiterate what Kieren and Jeff have said. I mean, the point is that it's capital that's ineffective in use. And your money basically is physically locked away, completely cut off from acting as instant collateral or moving at the speed of modern markets. Which is something that we at BlockApps are hoping to change with the app that we have.

What onchain metals unlock

[09:16] Art Malkov: Absolutely. And that actually leads us right to the next question. What does gold on chain unlock that physical gold never could. And this goes for both of you. James and Natasha, please share your thoughts.

[09:29] Natasha Hormuzdiar: So basically three things, fractional ownership. So you can take a kilogram of gold bars, divide it into lots of different things, similar to an ETF and let anybody buy it at a nominal cost.

Instant liquidity. Once you put it in our vault, basically you have instant liquidity. Whereas if you had a bar of gold and you wanted to collateralize it in the real world, it's a long, drawn out process and not quite easy and accessible to everybody.

And the last thing is DeFi integration. You can put it in our vault and then you can instantly move it around the world without actually moving the physical bar and shipping it in various different methods. It's in one location, you can sell it, you can go ahead and trade it, you can use it as collateral to purchase other things.

[10:20] Art Malkov: That's key there.

[10:21] Jim Hormuzdiar: Gold is great. And first of all, let's just say that digital and the real world are very important ways of doing things. But we're sort of marrying the two together right now and we're getting advantages from both.

Think of all the times people talk about Bitcoin as digital gold, but so many people don't trust it. It's like some bytes on a computer somewhere. And with us you have the guarantee that at any time in the game you can call in that gold and have the bar actually sent to you.

But bars of gold are very inconvenient. Like if you have a bar of gold and you need to send some fractional part of that to some relative across the world, not so easy to do. You're going to chop it off, put it in a box and send it around the world.

But with our product, you can do that immediately with a couple of button presses and you can be earning money off of that. You can be using it as collateral. So all the advantages of the digital world, we're bringing that to gold. And all the sort of solidity of the real world, we're bringing that to the digital world.

[11:27] Natasha Hormuzdiar: And also the advantage is when you actually take a piece of gold to somebody to cash it in. You never get the actual price. Whereas here it's actual market value.

STRATO's Ethereum and RWA roots

[11:38] Art Malkov: Yeah, absolutely. And gold is heavy and hard to get by. So ability to unlock the value, ability to make it quote unquote movable is incredible value that STRATO brings. So let's get - we got a whole bunch of questions and next one is really like, why STRATO? Maybe the - so let's talk about the journey there and we'll start with how did you get here? So Kieren, maybe you tell us a little bit about that.

[12:09] Kieren James-Lubin: Yeah, just going back. So we all work together again on the Haskell Mainnet Ethereum client primarily. Jim wrote most of it, but I wrote a bit of the code and super early on we kind of thought we were going to be like the bridge to Ethereum, having our own client and having like API access to it.

Turned out sort of the enterprise market grabbed us where when people were kind of trepidatious about the public network but they still wanted to use the technology, we were really well set up for this. They liked the way our API works, etc. And we went on to partner with Microsoft to kind of create what was then termed blockchain as a service category which also people say enterprise blockchain a lot.

They were related where we had lots of corporations running kind of permissioned networks for an internal corporate use case or a couple banks trading with each other or a complex agricultural supply chain or a mining, physical mining supply chain. So we kind of reflected all that work in kind of helping to found the Enterprise Ethereum Alliance, sort of a clearinghouse if you will, for corporate applications of Ethereum.

There are some flavors of the technology, a spec and kind of like ongoing working groups in terms of how these big companies could adopt. But really the thread, we've called them, plenty of people call them real world assets. So we were kind of, we believe the first to tokenize the first real world assets on Ethereum technology way back in 2016. And that's been kind of a thread the whole length of the company always just trying to connect the tech itself with reality and still doing so today.

[14:12] Jim Hormuzdiar: Right.

[14:12] Kieren James-Lubin: And what we've seen is sort of like, of late like DeFi really started to work. Right. And so kind of the magic of the fully digital representations of value, how they can move, how you can lever them, etc. was finally able to kind of be connected with all of that enterprise RWA work we were doing in the past. So it's been really timely and it's also super timely for gold. It has been quite the run up. Yeah.

[14:50] Art Malkov: I think the - Bob, you're also in the early days of Ethereum, so I want to get your perspectives and experiences. I know of how - let's see, what was it like in the early days? You're on now. The history of Ethereum. You did museums all over. So tell us a little bit about that.

[15:08] Bob Summerwill: Yeah, I mean, for sure. So just prior to that EEA period, I was actually working at the Ethereum Foundation and it's funny you've got some echoes of that happening now about what different sort of legal entities can best support an ecosystem because there was a question, well, should the Ethereum Foundation be promoting and supporting these enterprise use cases or is that in scope, out of scope?

And you've got a lot of that stuff happening with the Ethereum Foundation again.

But I think really with EEA you just had a period, you just had a point in time where there were a good number of major corporations as well as startups who really wanted to put these tools to work and go and build real things. So the time was right there for getting those efforts coordinated and aligned.

And even back in 2016 or 2017, lots of the things which are now coming to fruition were being proposed. It turns out there's a lot of work to do these things. So here we are.

Community ICO and auction mechanics

[16:38] Art Malkov: Absolutely. And I think we're going to jump into the meat and potatoes of our discussion, which is the community ICO. So this has been long in the working. That's a huge undertaking. And maybe Victor, you can start us off with a little bit about how production will work. I know it's starting on June 3rd, so I think it's good for everybody to understand a little bit on how it will look like, what they should keep in mind. So maybe give us a quick run through.

[17:08] Victor Wong: Yeah. So to start, we are doing this on the Ethereum mainnet and on Uniswap and we're using the continuous clearing auction or CCA mechanism. So how it works is basically it's better to not think of it as a single auction, but as a series of auctions that runs through the entire period.

And why this is important is that it keeps the auction fair. So all the participants who get in early can get an allocation of tokens. Even if someone comes later and does a huge bid, they don't take everything. So it's not a winner take all type auction. It allows a lot more participants.

That's why we're calling it a community ICO. And it's really important for us to have these tokens distributed to the community that we're building because we think those people should be part of what we're building going forward as well.

So what you need fundamentally to participate in the auction is you need an Ethereum wallet and you need ETH and then you go to our auction page on https://strato.nexus/auction, or you can go directly to the Uniswap auction where it goes live on the third and then you bid your price and how much ETH you're willing to spend and then you get tokens up until that point in time.

[18:37] Art Malkov: And Kieren, maybe tell us a bit about how it's a community round and not just a VC race.

[18:42] Kieren James-Lubin: Yeah, so I'd say I personally lived through the Ethereum pre-sale and helped a little bit with some tech support. And there was a funny incident, I'm not sure if I've ever said on camera, in which someone had made a fake Ethereum Twitter handle with the E and the U transposed. But they built up 30,000 followers, which is about the same as what the real Ethereum had.

And I had a friend working at Twitter at the time and because they started tweeting out like, hey, DM us on Ether. And so we're able to get that account taken down and so on. And it was just, there was just this feeling of excitement.

That one in particular was the biggest crowd sale of all time. Then it's been dwarfed by many crowd sales, a lot of them happening on Ethereum and ran over like 40 days and most of the activity kind of near the beginning and then near the end. But it was, I think, actually essential to the success of the project.

Something like 8,000 wallets, call it that. And I'm sure that those people were the ones that kind of built it into what it became very significantly. It's not just about using the proceeds to build something or for liquidity or what have you. It's the people who believe really make it a success.

And so actually the Uniswap mechanism is really nice. Right. It kind of ensures that so long as you're kind of watching, you can get something. Where there have been so many of these on chain sale events where someone goes in the literal last block, bids the price up and all of the allocation is gone or any other - plenty of bad has happened just in execution mechanics and in worse from there.

So they're just a great brand, been around forever, very few negative incidents associated with Uniswap. And the mechanism they designed is really nice and clean for allowing everybody to get involved at this early stage.

Early participation, whitelist, and auction demo

[21:08] Art Malkov: So that actually brings us to next question for Jeff and Kieren. Absolutely. That's the benefit of being actually part of the community versus the VCs. So you're getting that early jump. So Jeff, maybe you can tell us what does being early actually get you versus coming in after the ICO?

[21:27] Jeff Powell: Well, the salesy answer would be more, cheaper really. But from a serious standpoint, to really talk about what Victor and Kieren were saying, is that by being in early, it's actually giving you the chance to get tokens, to bid on them and buy them.

I mean, Kieren just gave a good example of no matter how much somebody might have wanted something on a certain auction, somebody comes in at the end of it, bids up, takes everything. To Victor's point about the community aspect of our auction, the reason to get in early is because it is available to everybody.

And so the idea of, yes, you want to get more tokens, you want to get them cheaper. But really the great thing about it, and I'm not saying those things are not great, cheaper is of course always better. More, cheaper is always good. But really the big thing is the ability to participate early, to get in and to actually earn tokens.

[22:30] Art Malkov: And how do I join the whitelist right now?

[22:36] Jeff Powell: It's pretty simple. I mean, you can either go to our main page, https://strato.nexus, and down at the bottom of the page there's a button that you can click that takes you to our auction site, or you can go to https://strato.nexus/auction and fill in your information and be part of the whitelist and start receiving information and updates leading up to the sale.

[23:00] Art Malkov: Yeah, as simple as that. You heard it here first. Just go to the site https://strato.nexus. All right, Victor, so let's hear from you how to take all the right steps. So maybe you can give us a quick demo of what would it look like. As if somebody wants to get involved, right?

[23:16] Victor Wong: Sure, yeah, maybe. Please, let's share my screen and then we can start. Let's see. So here's a sample auction. This test auction we are doing on the Ethereum Sepolia Testnet and it simulates the auction mechanics that you see. And here it's going to look similar to how it looks like in the real auction. Though this is not the real auction.

You can see my MetaMask account. I've connected to this. It's already connected. I have some Sepolia ETH that I can use to bid. Like I said, this auction actually is more like a series of auctions. You can see this is how tokens are distributed. This period where there are no tokens distributed is a pre-bid period. And then tokens kind of gradually are distributed based on the average price.

So if you bid, you can get access to these tokens and it's not going to be, it's going to be distributed to everyone that is eligible in that category to get some of the tokens. So let me explain how you do that.

What you do is you only have to put in two numbers. One is you set a budget. So let's say I want to put, my maximum budget is 1 ETH theoretically. And now you got to choose how much am I willing, like what do I think the token price would come up to? If you want to make sure that you get all my 1 ETH into these tokens, you can slide it all the way to the right if you want to just get it up to a point where it is.

So it starts at where the price is right now. And if you want to get some tokens, you can slide it to the right just a little bit. And you can see my max token price now is 40 cents per token. Now to be absolutely clear, these are maximums. This doesn't mean this amount automatically gets converted into tokens. I'll explain how that works in two seconds.

Once I set in my maximum prices, I click review bid, I click place bid and then I just confirm in MetaMask. Now my bid is done. You can see it gets added here. Now once that happens, what happens is that based on those two parameters, it gives you tokens as the price climbs. If the price is under those numbers that you've set, it will give you some tokens.

You can see here are some I put in before where I put in a 1 ETH maximum and I bid up to 59 FDV. By the way, this FDV is not correct for the entire project. It's really the auction FDV because only 2.5% of the tokens will be available and that's what it's representing here. So up to now, like I put this one in 4 hours ago, it's only spent 0.17 of my ETH so far, even under my max budget. And my average price is 22% below the auction price because I got in early.

Bids, refunds, and wallet requirements

[26:32] Art Malkov: So what happens with unspent? Let's say you did not fill the full amount.

[26:37] Victor Wong: Yeah, so this is an example of that. I put this one in and I put the amount lower. So I said the maximum price that I would pay was much lower. And so because the price of the tokens has exceeded that price, it will no longer give me any tokens based on the thing. And if that happens, I can just click this refund budget and I get my ETH back into my account.

So you will, as long as the price is lower than the settings you put it as, you'll always get some tokens. And this is even true if someone puts a huge bid.

So if someone say Vitalik comes along and says I want to put in a million ETH and cranks it all the way to the top, they won't get all the tokens. Everyone that already has bid will get some of the tokens until it reaches this point. So that's what we really like.

[27:36] Art Malkov: I have another question. So what is the minimum amount of ETH that the person needs to participate?

[27:41] Victor Wong: Oh, there's no minimum. As long as you come in, you can put whatever amount of ETH that you want here and that is completely up to you. And if it does get filled, that will be refunded back to you as well.

[27:56] Kieren James-Lubin: Can you show canceling the bid?

[27:59] Victor Wong: Yeah, so here's the one that's out of range. Right. So this one has ended and we recommend that people check in often during the auction because you might put the slider just a little bit and it gets out of range, but you still want to get some tokens.

So you might want to put in another bid. That's why I have many, many bids here. So for this, if it gets out of range means I'm no longer receiving any tokens, I can just click refund and withdraw balance and then I confirm it into my wallet and then I will get all my unused budget back into my account.

[28:44] Kieren James-Lubin: And if you like, you can then rebid back in range.

[28:47] Victor Wong: Correct, exactly. And it's better to kind of watch it often and kind of keep up because the prices are always changing. Like I said, I guess in summary,

[28:57] Art Malkov: Early bird gets the worm.

[28:59] Jeff Powell: Yeah.

[29:00] Art Malkov: Yes.

[29:01] Victor Wong: So like there is an advantage to bid early because the prices don't rise that fast. Right. The prices rise in a kind of steady rate. So the earlier you get in.

And you can see this from some of the ones I got, here, the one I put in four hours ago, roughly when we started this test auction, I have it now, 17% filled. The one I put in just now, it hasn't even filled. It only has filled a very small portion yet. So over time you get more filled and you get more tokens.

[29:39] Art Malkov: All right, guys, everybody, you heard it here. And now get your Ethereum. And I believe it's only Ethereum. Right. So they need Ethereum to participate.

[29:46] Victor Wong: Correct, you need ETH. And we're running it on the Ethereum mainnet. And like I said, it will be 2.5% of supply and it will be wrapped STRATO. So meaning that like these FDV numbers that you see are only for that 2.5% of the supply, not the entire project.

[30:05] Art Malkov: All right, so and what wallets can people use?

[30:10] Victor Wong: Any EOA, Ethereum wallet, so MetaMask, Base wallet, any of the main wallets that you want that you already use.

[30:20] Kieren James-Lubin: I think we all use MetaMask the most. But everything kind of works with Uniswap, so if you're like a Rabby person, it should be fine.

[30:29] Art Malkov: Yeah. So pretty universal, right? So Uniswap, I think, accepts almost everything.

[30:34] Victor Wong: Yep.

Token receipt and post-ICO roadmap

[30:35] Art Malkov: Except for Bluetooth stamps. Don't bring it here. But anything else should work. All right, so next question is, when do participants receive tokens? After the ICO closes.

[30:49] Kieren James-Lubin: Should I take that? So the tokens will come to you more or less right away at the end of the auction. However, they will not be transferable for some time.

This is not the TGE. This is the - you're part of the community, you want to help us on this journey, get in now moment, as opposed to the it's gonna start trading tomorrow, you're speculating on what it does moment. Right. Like that day may come. But yes.

[31:24] Victor Wong: So we're

[31:27] Kieren James-Lubin: making sure that we've got good connectivity to the rest of the world. Spiritually, we're big ETH people kind of born of Ethereum, wanted to get everything out first there. But you'll receive the tokens, but you may not quite be able to do anything with them immediately.

That said, even before things like exchange listings which we're negotiating, etc, there may be something you can do with those tokens that isn't trading them. So that will be kind of working on sort of right away after this distribution event. But really think of it as like you're a fan of the project, you want to help us along that journey. It's the beginning. It's not an exit event or anything like that.

[32:19] Jim Hormuzdiar: Yeah.

[32:20] Art Malkov: And I want to jump right into the next question. So why now? Why people should be really excited. I mean, gold is almost all time high, or at least definitely in that range. Silver is doing great. Maybe tell us like, what is your vision for STRATO? Kieren?

[32:40] Kieren James-Lubin: Yeah, I mean, so one thing we've been kind of referencing in my post about it and I'll say it again, it is just remarkable how much gold there is in the world and how little it's doing. Right? So we got something like 30 trillion of gold.

Some of it is, let's say, being in an ETF, it's like kind of productive. Not really. That's like maybe 1% of it. So most of it is really just sitting there. And beyond that, the amount of tokenized gold is like 0.01% of total. And in my opinion, you get more out of tokenizing gold than you get out of tokenizing US dollars, which have been our runaway success.

We and the analysts think you'll see, I call it between 5 and 10% of dollars. There's different definitions of how many dollars there are tokenized. Let's say in the next five years, 10 years, whatever. It should be kind of close to that with gold, right? And silver. And so if you look at those numbers right, it's going to be - there's going to be a lot of gold on chain. This I am quite confident of. It just makes it so much better and hopefully a lot of it will land on STRATO.

[34:01] Art Malkov: Yeah, absolutely. And STRATO is a great platform for it. What launches after ICO, I guess. Victor, maybe you take this one. What's your vision?

[34:14] Victor Wong: Yeah, so the roadmap is like Kieren said, we are focused on making the STRATO tokens useful in the system. They will be used for gas in the system, they will be used for - there'll be staking, they'll be used as validation.

And this is part of our overall use of these tokens to help us decentralize the network. And then ultimately to Kieren's point is that we're moving toward centralized exchange and other listings toward the end of this year.

[34:47] Kieren James-Lubin: Yeah, just - it's getting the native STRATO token out there has been kind of the final step. So it's sort of an opinionated L1, call it an app chain. We've drawn some inspiration from the Hyperliquids of the world. It's really an application that's the focus.

But it works better for a host of reasons on its own chain. And so to date we've got a native stablecoin which the gas is paid in. But that's not really a long term solution.

You need a native permissionless asset that drives everything that is also just not tied to collateral values and so on like the ETH for our network. And that's what STRATO does. So we'll be turning those features on kind of as quick as is reasonable even before full on transferability of the STRATO token.

Preparing before June 3 and closing

[35:39] Art Malkov: Amazing. Yeah, absolutely. It's a lot of things coming online. And Jeff, maybe tell us why is the window closing and what changes after it does. Basically things are moving very quickly.

[35:54] Jeff Powell: Well, I mean the window closes because we move on to the next phase. I mean as Kieren and Victor are talking about. I mean this is right now this is being part of the community. This is getting in early. Like it's helping us, but it's also helping yourself.

STRATO is going to be huge and very soon, you're going to be able to buy it, you're going to be able to go to exchange and exchange and buy it and just watch the price go up. And that's great. But this is a chance to be in on something early, something solid.

I mean this is the thing, we're not selling meme coins. This is real world assets, hard-fi, things that exist, value, tokenized assets of real world assets, things that exist, things that have value. And it's an opportunity to be early in it.

And that's the reason to do it because it's a limited opportunity. And then that door closes and STRATO continues to exist and becomes more and more well known and easier to buy and pay more money for. But the window is going to close because this is the opportunity.

[37:19] Art Malkov: So for somebody who's watching right now, what's the most important thing they can do before the June 3rd? So what would you recommend?

[37:29] Jeff Powell: Well, I mean, I would recommend. I mean, it's pretty simple. I mean, I would like to think that anybody watching this is already signed up for STRATO, but say they're not. They go to https://strato.nexus, get themselves a STRATO account. There's no fee to do that.

Get onto the system. You'll go to https://strato.nexus/auction, sign up for the whitelist, whatever wallets you use. As Kieren said, we all use MetaMask. Get yourself a MetaMask account. Be sure that you're on Ethereum Mainnet.

You've got some ETH so that you can buy, watch Victor's very nice demo on how the auction is going to work. Really understand it. Contact us to ask questions. I'm jeff@strato.nexus. Tempted to give my phone number, but I guess I won't. Contact us with questions, but get involved.

I mean, you've got time now to figure it out. You've got time to look at it, to be part of it, to start bridging in assets, get ready for it. And we're always here to help you and answer questions.

[38:38] Art Malkov: Absolutely. And we're gonna be rolling out, I believe I heard there will maybe be Discord for questions and all that before the launch. Just so anybody - you can just follow the Twitter and you'll see all the news. Yeah, follow Twitter. I think that's also another good way to do it.

So where people go and sign up and stay up to date, I guess, Bob, we can jump in. It's kind of similar.

[39:06] Bob Summerwill: Well, I think we've answered that already. It's all the same answers go to the website, https://strato.nexus and all the links and everything.

[39:16] Art Malkov: All right, so maybe, Kieren, you can leave us on the takeaway. What should be ready for June 3rd. What's - any wishes, any kind of thoughts you want to share, please.

[39:30] Kieren James-Lubin: Yeah, it's been a great journey to date. Things are really moving. We're getting more assets on chain. I feel it's the moment. It's gonna be a big thing, but it's still the beginning. So if you want to be part of the beginning, be part of the beginning.

[39:49] Art Malkov: Absolutely. Well, thank you, everybody, for participating. And June 3rd, so everybody go to https://strato.nexus. Get ready. There's going to be a whole lot of gold coming out. Tokenization. So you might as well be early and yeah, thanks, everybody.

[40:11] Victor Wong: Thanks. Take care. See you all on June 3rd.