Table Of Contents
This is a transcript from our weekly YouTube live AMA:
SPEAKERS: Anita Mlakar, Ruba Aramouny, Sandi Bitenc, Rok Mihailović Krpan and Gideon Greaves.
About AMA: On this week’s AMA, we’re talking to Gideon Greaves, Managing Director of CV Labs Africa.
AMA Duration: 01:13:25
Anita Mlakar: 00:05
Hello 3air’s family and welcome to 3air’s AMA. Yes, we are back live, and we are happy to have you here it is Wednesday, it is 5 o’clock. And it is our time to be here live. I would like to of course invite you to be a part of this AMA, you can write a comment, you can ask a question. And besides that, I would like to invite you to be a part of our communities. We are on Telegram, on Twitter, and on Discord and please join us there. You can also subscribe here to our YouTube channel and of course, you will get notification when we are going live. Anita Mlakar is my name, and I am the host of this AMA. And I’m really looking forward to today’s because we have a special guest coming up. We have members of our team here and you have a chance to win in our new giveaway. So please stick here till the end be with us.
Just let me do a short introduction of 3air and what we are doing. So, we are trying to connect the unconnected, bank the unbanked and we are connecting people of Africa to Internet. We’re doing that with two technologies with K3 Last Mile Solution and 3air internet. So, you will get digital identity from us, we also create your digital bank account, we are giving you a wallet. The next step is providing financial services. We also have outside partners that will provide additional digital revenue streams. And all this time we are educating you, we are educating people and that is the real empowerment. And once we put you through all these steps, you are connected, banked and empowered.
Anita Mlakar: 01:46
So 3air is here for the long term to provide real services to the people. We will be here for the years to come. And everyone join us in this journey will be proud of being a part of this change. So, thank you for being with us. Now, I would of course, like to invite everybody else who is with us on this AMA. First, let me invite a woman, Ruba Aramouny is with us, Head of marketing. Hello, Ruba. Then, Rok Mihailović is with us, Head of Development. And of course, we have Sandi Bitenc, CEO of 3air also with us. Hello, guys.
Sandi Bitenc: 02:25
Hello, head of the head is that.
Rok Mihailović Krpan: 02:26
Ruba Aramouny: 02:29
Anita Mlakar: 02:30
It is nice to have you all here, it’s really nice to see you. And every time we’re together and if there’s more of us. It’s always pleasant and happy. And we’re always happy. I know that. So please, if you have a question, anybody, write down the question, write down a comment. And I’m just looking forward to inviting our special guest. But first, let’s start with our Rok Mihailović Krpan, the Head of Development. Rok you will give us a little update about what is going on because we are right now preparing also for a big moment. So Rok, what is happening?
Rok Mihailović Krpan: 03:10
Okay, so let me see where to start. There are like a lot of things working in parallel. So, the first thing that we are working on is implement, as we said we want 3air to be multi chain and available on multiple platforms. So right now, we are testing our integration of multiple chains. We already have like a test net deployment on the second chain. So, like we already tested it today, it works. Every chain is connected, you can sign into multiple chains, you can like for our current marketplace, you can buy multiple chains, authors can publish it things like this.
Then the next thing that the team was working on is the staking because the staking parameters are already defined, Sandi, already shared everything about it. So, we are developing, even finishing the smart contract and finishing the web interface, which if any of you signed into the app already saw that there is a new icon on it, which says “Coming soon”. So yeah, it will really come soon.
And then the next thing that we are working on is the decentralized IDs. So, for the decentralized IDs we are working on like, final specification that still have to define and we are planning the whole wireframes for the application confirming them doing the designs. So, because for the decentralized IDs, it’s not enough to just have some wallet and the web page and the mobile application, you need the whole cryptography core, you’ll need integration with 10 different services to like, actually make it happen to sign everything. To have revocation lists you need, you need every data on chain, you need client applications, like we’re pretty much defining and building all of that at the moment.
Anita Mlakar: 05:36
Yeah, it sounds great.
Rok Mihailović Krpan: 05:38
These are the three main things that we’re working on at the moment.
Anita Mlakar: 05:42
Okay. Rok, I know you have to leave earlier, because you have another things in your mind and in your schedule, but still, there is a question from Richard to just maybe to answer this one. How to claim? Need BNB to claim? This is the question, so let’s answer it.
Rok Mihailović Krpan: 06:00
Yeah. Okay, so the actual claims are already entered, but you can’t claim it yet. So, the claims will open on 22nd of September, you will need to have some BNB in the wallet, it’s like really minimal amount, it’s like multiple times smaller than you need Ethereum or anything else. So, you’ll need some BNB. But you can also like decide how fast you want to claim it. So, the best thing is like, depends on yours, of course, of what vesting you have, where did you buy if you extended it or not. But it’s linear. So, you can like claim things at the start, you can claim your tokens when the whole vesting is finished and claim all of them at the end. Or if you want to have new 3air are every day you can like go every day and click it or every 10 minutes if you want them, every time you click on it, you will need to spend some BNB. But you can do it as much or as little as you want.
Sandi Bitenc: 07:00
I think the BNB cost for claiming ones will be probably at around one cent for sure. if not even less than one cent.
Rok Mihailović Krpan: 07:10
Yeah, it’s a really minimal amount. It’s like, if you have $1/Euro, you can claim it like 50 times or 100 times.
Anita Mlakar: 07:20
Okay, let’s just use the opportunity of having you here just for this one, how to stake 3air token if these are bought or transferred?
Rok Mihailović Krpan: 07:30
So, there will be few options how you can stake it at the beginning. So, the first option will be that you can stake directly from the vesting. So, this like safe sum of GAS forever user because you don’t need to claim it and then make another transaction to stake it, we will implement it in a way that you can press in the app claim and stake and it will directly in the one transaction, you will claim it and it will go to stake in greater terms and everything that is needed. The second staking option is that you claim your 3air to your wallet and then stake it at a later date. Maybe the next day, maybe in a month, it depends. And the third option is to actually go if you don’t have any 3air, if you didn’t buy anything or anything else you can go, open it, buy it on the open market on whatever decks we will launch and success. So, you buy it, and you can stake it, or you can transfer it to a friend, and he can stake it. So as long as you have 3air in vesting or in your wallet, you can stake it.
Sandi Bitenc: 08:32
So you’ll go to the app, the same app where we have everything else at app.3air.io. And then there’ll be the staking tab, there is actually already a staking tab. And right now, it says coming soon. But then there will be an interface where you connect your wallet, of course, and then you can select how many 3air you want to stake and then there’ll be a button stake and that’s going to be pretty easy.
Rok Mihailović Krpan: 09:02
Okay, it should be completely straightforward to anyone.
Anita Mlakar: 09:07
Thank you. Thank you, Rok, stick with us if you can if you still have time. We will invite our guests and just Ruba before we do that. We are having some giveaways today should we say something about them? How to be a part of it, how to try to win it?
Ruba Aramouny: 09:27
Absolutely, let’s do it. So, we have another giveaway running right now on Twitter and our socials. We are giving away 200 BUSD and three Telegram premium monthly subscriptions. And all you have to do is go to our app and click on giveaway and enter. So, retweet our tweets on Twitter, follow us and like and share it, and then enter your Twitter retweet link on our app.3air.io/giveaway form and join us on Telegram. And then you will be able to get the live AMA code at the end of this AMA or maybe during the AMA at some undefined moments and enter that and you then are eligible to win some of the prizes. So, we’re just going to display that at the bottom where you can go to the giveaway. It’s at app.3air.io and you can join there.
Anita Mlakar: 10:52
Okay, thank you, Ruba. Thank you. Just looking forward also to that. And now, it is time of course, to invite our special guests. Like I said, we have a very special guest today. Gideon Greaves is with us. And I would like to of course, say hello and welcome him.
Anita Mlakar: 11:09
Gideon Greaves: 11:11
Hey, Anita, Sandi, Ruba. How’s everyone doing?
Sandi Bitenc: 11:15
Yeah, we’re great.
Anita Mlakar: 11:19
We’re really happy to have you here. Just to say a couple of words about you. Gideon is a proud South African with a deep passion for startups who are focused on creating innovative solutions. Actually, Gideon, you are building the blockchain ecosystem in Africa but please just introduce yourself. Who are you? What are you doing?
Gideon Greaves: 11:41
Yeah, thanks, Anita. So, as you said, my name is Gideon and I’m running CV VC Africa. So, CV VC, it really all says it in the name. It’s an acronym for Crypto Valley Venture Capitals. So, we’re based out of the canton of Zug in Switzerland, which is, as most of you probably know, known as the Silicon Valley of the crypto world. I’m running the African operations and the African blockchain and Web3 fund for CV VC. We’ve got quite a unique model. As traditional venture capitalists would mainly just focus on allocating funds into startups and supporting from the background, what we do is we have a whole another business called CV Labs, which acts as our ecosystem business. So, it creates a platform for our startups, to integrate them into a global ecosystem, giving them the best opportunity to succeed.
I believe that, gone are the days where you can become an investor in a project and not add value specifically in the early stage/parts of investing into a project. So, we are very focused on Africa, we believe timing is everything. And there’s so much going on in Africa, which I’m sure I’ll touch on during the session. But we focus on creating this ecosystem, that’s blockchain technology ecosystem across the continent. And that becomes really important when you’re dealing with an emerging market and an emerging technology. So, for us, it’s about bringing all the key actors in a space where they can collaborate. And that involves everything from the boring side, from associations, government, policymakers, and regulation, all the way through to the exciting side, deGens, developers, investors, startups, corporates, etc. So, we’re really trying to bring everyone together and to increase the rate of adoption in Africa. Not that it needs increasing, by the way, because it’s blowing up at an alarming rate.
We love 3air, of course, we’re looking at it as a project to invest in at the moment. Why do we love it? I think I saw that question coming up. I quickly answered that as well. I think it focuses on three things, digital identity, connection, being most of most important at all, and then banking the unbanked. And what’s really interesting about Africa, is that it’s got the youngest population in the world, right? The youngest average age of the population is 19 years old. The second youngest continent, I think, is South America, if I stand to be corrected, but the second youngest ages, I think it’s 31-33. So, you can see how young the African continent is with an average age of 19. So, there’s so much potential on the continent, only a quarter of the continent is actually connected and banked. So, a technology like 3air can really transform and disrupt an entire continent, and the age of the continent is really being ready for this type of this technology. I think we can really leapfrog and accelerate compared to the rest of the world. So, I think 3air a great solution for a continent and an emerging market like most of the countries in Africa.
Anita Mlakar: 14:56
Absolutely. Thank you for explaining that. So yeah, there are so many bright minds in Africa. And, of course, so many opportunities, they need opportunities. And this connection, of course, will improve that. But still, I know you did explain in some way, why Africa, but I’m sure you have answered so many times. And maybe I should ask this again. What was it that made you decide to do things? Or do your work in Africa?
Gideon Greaves: 15:23
I think there’s two reasons. Number one is, generally from a venture funding perspective, Africa is taking off at the moment. And then I’ll go into the blockchain side of it afterwards. From a venture funding perspective, all emerging markets are really exciting to go into, you could say that investing in Africa, or any emerging market can be similar to being an early Bitcoin investor, investing in Africa, sometimes I say is like investing in Bitcoin in 2009. So, it still takes a lot of convincing to certain people, which is why we actually just wrote a report, the African blockchain report, we put that together, which outlines a lot of data with regards to Africa as the funding entrepreneurs and startups. But it also, outlines the blockchain use cases on the continent and the funding that’s been happening with regards to capital flowing to blockchain startups.
A really interesting statistic is how long it took a billion dollars to flow into startups in Africa. And in 2020, it took 11 months, for a billion dollars to flow into Africa, in 2021, it took eight months. And this year, it only took seven weeks. So, you’re seeing a massive amount of capital flowing into the continent. We saw Andreessen Horowitz (a16z), target global Softbank, or into the continent for the first time this year. So, it seems to be that things are really taking off, and a lot of people are looking at Africa as a destination to invest into startups. That’s one of the big reasons.
Then another one is that, you know, Africa has the most resilient population in the world. According to a research report done by the African Development Bank, 22% of working age Africans actually own their own business, which gives Africa the highest entrepreneurship rate in the world. So that means 1/5 people in Africa actually run their own business, which is incredible. And there’s a lot of very specific problems and challenges in Africa that blockchain can solve. So, whilst we’re not seeing perhaps some of the most kind of disruptive and robust tokenomics models in Africa, yet they still very much on an infrastructure level. I think that will change very quickly.
Anita Mlakar: 17:55
Wow, amazing. You know, so working with startups, I was following a conference that we had in Europe talking about startups, of course, and investments that they are receiving. And the main issue was, how does a startup become a unicorn? So maybe my question is, you said, there are so many startups in Africa. How many are potentials or already are a unicorn really, you know, prospering across the world?
Gideon Greaves: 18:26
Yes, there’s 11 unicorns in Africa. And what’s interesting is that eight of those unicorns came about in the last two years. So, it just shows how quickly these startups are growing. And there’s also a fantastic graph that we’ve got, that shows you how long it took for the first tech startup on the continent to become a unicorn. And that’s a startup called Interswitch, or company called Interswitch. Not so much a startup anymore. It took him 17 years to become a billion-dollar company, the last four unicorns, it took them two years to get their billion-dollar status. And I think it really comes down to the entrepreneurs that have Product Market Fit in terms of the solution that they have, but it’s also about execution, because in our in our investment vehicle, we have a fund where we invest in startups in the blockchain ecosystem, but we also have an incubation program. And for us, the earlier the startup, the more we doing due diligence on the entrepreneurs and on the founding members of the team, can they execute? We have ideas all the time, right? Everyone loves a bed at night looks at the roof, you have a revolutionary idea to take over the world. So, it’s really can these entrepreneurs, can the people driving these startups execute really quickly? Can they scale fast? Because that’s what the venture capital world is about, right? They’re seeing startups that can scale really quickly. And do they know what they’re doing? I think the big thing for entrepreneurs is do they have, this is also my opinion, but I believe that the best entrepreneurs to invest in are ones that are emotionally attached to this startup, it almost becomes an extension of themselves. And those are the ones that persevere during hard times. And those are the ones that are able to pivot as well, when the existing model isn’t really doing well for them are working.
Anita Mlakar: 20:23
I was just gonna ask you, what does disability, for being for being connected and banked improve their chance to be better in the world, be more seen, to prosper?
Gideon Greaves: 20:49
Well, you’ve got an entire population that, the first of all, they don’t have access to information. So that’s why you have a lot of propaganda. There’s so many reasons. One of them that I’m passionate about is access to information and to quality information, without access to information, you have to base all your decision on the information that’s been fed to you, which is why corrupt governments can thrive with their propaganda campaigns in Africa, because a lot of their target market with these propaganda campaigns are focused on Africans that are unbanked and unconnected. So, the information that they receive from these politicians and their campaigns is what they take as fact. So, the more people that become online, I think that’s just an analogy to show that the more people that become connected, they will become educated, so they can start participating in the market. And with connection, there comes the ability to become banked, as well.
So, it will just take the African market from zero to 10. Very quickly. And as, so Africans rate of adoption, when it comes to people coming online, is faster than anywhere else in the world as well. So, in CV VC, we believe very strongly in Africa. In fact, we have two funds in the company, or two focuses, and the one is from a global level. So, we invest in startups, from the US to Asia, to Europe, to Australia. And then there was so much interest, and the team was so bullish on Africa that we actually set up a whole new entire fund to focus exclusively on startups in the African continent. So, we believe very strongly that things are going to change in Africa very quickly as well.
Anita Mlakar: 22:41
I don’t know who it was in our AMA, but someone said that getting information should be a basic human right or between basic human rights. And that is actually true. Getting information in order to know actually what is going on, in order to grow or educate yourself. It’s very important.
Gideon Greaves: 23:03
Sandi Bitenc: 23:05
I think I said that once.
Anita Mlakar: 23:08
You said it?
Sandi Bitenc: 23:09
And I said that the internet should be a basic human rights. And I don’t if it really is, but I do think it should be.
Gideon Greaves: 23:17
Totally! I agree.
Sandi Bitenc: 23:20
I think internet by itself because it’s easier to define internet and just information.
Anita Mlakar: 23:28
Gideon Greaves: 23:30
Totally 100%. I agree.
Sandi Bitenc: 23:32
But I’m pretty sure. I’m not the only one who said that. So just don’t quote me or credit me for that.
Anita Mlakar: 23:41
Okay. Gideon you were saying.
Gideon Greaves: 23:46
The other exciting thing about blockchain in Africa is that it can also solve a lot of the corruption problems that we have. I live in South Africa. And there’s a term that everyone uses here, I’m not sure if it’s used in other parts of the world. Maybe in other emerging markets, they say this as well. But it’s a term that we take called at tenderpreneurs. And these are entrepreneurs that leveraging off of corrupt tenders, basically corrupt tender processes. So, I’m not going to mention this. So, I might end up in a bit of a difficult situation. But there was a hospital in South Africa recently in the news, they lost 250 billion rand, which is what $18 million, they just disappeared. And basically, it was from corruption. There was tenders going out. And people were just, you know, the hospital was issuing the tenders, to their friends and, you know, interested parties involved in the whole corruption space. And if you had to put that whole tendering process on an application that was on chain, and those transactions weren’t tracked on chain, you know, everyone would be willing taxpayer in emerging markets like Africa because there would be no more corruption. It would be impossible because everything would be transparent. So, I think the age old saying about blockchain is able to promote traceability and transparency is exactly what Africa needs. So, I think there’s a lot of interesting stuff that’s going to happen in the future with new applications and entrepreneurs that are coming up with ideas to solve these problems.
Sandi Bitenc: 25:21
Just to comfort you a bit. So, it’s not only Africa in Slovenia a few years back we had also you know, something with hospitals, it’s a perfect way to wash the money for corruption, to steal. Yeah, but we had something with the hospital. I need I’m pretty sure you remember this a bit better than me. I usually don’t follow those things. But we had the same thing with the hospital back then. Blockchain will definitely solve those things and I was in Kenya right now. So, in they had the elections right now. So also, it’s not so hard to do elections on the blockchain. Everything’s transparent. You don’t need any counting nothing And it started with digital identities.
Anita Mlakar: 26:14
That would be a progress. You know?
Gideon Greaves: 26:17
How was your trip in Kenya? Sandi, what was your impression of Kenya?
Sandi Bitenc: 26:23
Well, first of all, I was like, working from morning till the evening. We were staying in a house, had a pool there. In three weeks, I managed to jump in the pool three times for maybe 10 minutes. So, I didn’t see a lot. But in regards to the internet, I’m quite surprised on the level of internet there. It’s far better than anyplace, even, a bit before I was to Kenya. I was in Cape Town and Johannesburg. And they have better internet than you do. So, just to let you know.
Gideon Greaves: 27:02
Oh, wow. Okay, interesting. The one and I haven’t been there yet. I mean, I’ve been to Kenya and the internet is really good. Nigeria, and I can only say we’ve invested in a lot of startups there. I think the majority of the deal flow that we’re seeing in Africa is actually from Nigeria. But the internet is so bad. It’s so bad. Every entrepreneur that we chat to from Nigeria, it’s just we have to turn the camera off. It goes on and on. I mean, yeah, so I think 3air can solve some great problems in that part of the world.
Sandi Bitenc: 27:31
Anita Mlakar: 27:33
There’s a question for both of you. How did you guys meet? And what are you planning for the community of this, your project?
Sandi Bitenc: 27:44
We actually met through CV VC. So, we are a partner with CV labs. And CV Labs was also doing some stuff here in Dubai. And yeah, then it was natural, because we are all Africa. Then Gideon came in and we started talking and immediately, I really liked Gideon. So, he is well connected, really smart, easy to talk to, and always willing to help. So, I need to thank you for all the stuff, that you made happen for us.
Gideon Greaves: 28:29
Yes, I saw that. So, anyone that can host me in Nigeria, that would be awesome. I’d love to, I’d love to visit Nigeria. I’ve heard so many cool things that Nigeria has got the best hustlers in the world. So, which leads to the best entrepreneurs. So, we’re super keen to come to Nigeria, if anyone will host me, drop me a DM on Twitter or LinkedIn and I’ll take you up on it.
Anita Mlakar: 28:51
Okay, yeah, when you both have invitation to come to Nigeria, and they will just guide you around or take you around a little bit. So great. Gideon, I will quote you now because I read that. I was reading that, and I think it was just a couple of days ago. And you posted, investing in Africa reminds me of that feeling I had when investing in crypto in 2016. So, could you do a little explanation?
Gideon Greaves: 29:24
Yeah, totally. I mean, I’m sure you will remember for those of you that were in the game back then, a lot of WhatsApp groups were popping up for social media groups and Telegram and that sort of thing. And it became like this massive hype of people interested in the space. But then on the other side, there was a whole bunch of naysayers that was so anti crypto and said, Bitcoin doesn’t make sense. You know, it’s not attached to anything and we’re getting the same feedback from Africa now where there’s so much excitement in the space, but there’s still people saying, Africa is not the right market to invest in. But like what happened to Bitcoin as the leading crypto. And you know and filtered down to the rest of the altcoins. I believe Africa will go through a similar journey, where of course it will have its ups and downs. But the general trend for Africa and investing into startups in the continent is going to be explosive, just like we had from the crypto world from 2016 until now.
About Blockchain Africa Conference 2023:
Anita Mlakar: 30:26
Okay, that is actually answering the question, what is your outlook on the next years of the African blockchain ecosystem? So yeah. Just another thing, Gideon, you are preparing, or you will also be a part of Blockchain Africa Conference 2023. Could you just tell us a little bit what will be going on?
Gideon Greaves: 31:07
So, we host a conference once a year, at with CV VC, in the crypto Valley and in Zug, in Switzerland. So that’s coming up in two weeks’ time, I’m actually going to be speaking on stage with Sandi at that conference. And it’s a really awesome conference because it brings all the different worlds together. So, we’ve got, Polkadot and Google there. So, all different worlds are all coming together. And we’re going to really mimic the success of that conference and bring it to Africa next year, in March. And we’re going to really center it around a whole Cape Town blockchain week. So not just our conference, but really collaborate with the ecosystem here to create a whole blockchain week focused on blockchain and the ecosystem in Africa. And Cape Town is such a destination for that as well. So, we believe we will attract a lot of attendees and speakers from all over the world.
Sandi Bitenc: 32:06
I am sure everyone will love to come to Cape Town with it’s an amazing city.
Anita Mlakar: 32:12
Yes, absolutely. Gideon, maybe just that, how are you enjoying? Aside of business and everything your life in Africa? What are you doing? How are you spending your free time if you have any?
Gideon Greaves: 32:30
Yeah, I think it’s so important to have free time. Life is yet to live. So, I think, it can be a juggle sometimes. Because now post lockdown world, you juggling between virtual meetings and physical meetings, and there’s still the constant pressure to always be online. But I think you have to just be mindful and try and separate your work life which is, as I said, from an entrepreneurial perspective, it becomes an extension of yourself, right? If someone asks you, “Hey, who are you? What do you do?” What’s the first thing you say is, you say what you do for a living? So, you got to love what you do, which I do. But you still have to do things, that are a little bit healthier for the mind and the spirit, I guess, you know, spend time with your family, you know, the age-old stereotypical things, which I love to do.
But the work atmosphere in Africa is really exciting. I think the continent is growing at such a rate, even from a cultural perspective is becoming more metropolitan. And you’re getting a lot of expats entering Africa, I think lockdown has accelerated that as well. You have a lot of internationals, moving into different parts of Africa to work remotely because they can now a lot of these new tech companies, specifically in the Web3 world are completely distributed, and remote. So, a lot of expats are moving into the continent, which is accelerating the growth. It’s making the landscape more competitive. It’s helping with education and adoption. And it’s just helping the market in general. So, it’s a really cool space to be working and living and we have good weather as well, like in Europe. Europe, summers are awesome. Europe’s winters, if you’re not in the mountain, can be a bit depressing.
Sandi Bitenc: 34:17
Yeah, and now this year, winter is going to be really hard for Europe. I guess. One question, just personal. I hope you don’t mind. I see there are a lot of medals hanging there, tell us a bit more about those.
Gideon Greaves: 34:31
So those are a mixture of, I think they are over there. Yeah, those are a mixture of medals from myself, and from my girlfriend, so they all stacked up at the back there, but that’s just from running. So, running, you know, 21 kilometers. For me, only 21 I haven’t done more than that. I think I’m too big and my knees start to collapse. But my girlfriend runs everything, she ran the comrades marathon recently, which is 90 kilometers. So, she’s a beast. So, most of those are actually hers, I would like to be honest with you.
Sandi Bitenc: 35:08
That’s so cool. I gave up a bit on the running. I just don’t have the time. But I did do an Ironman.
Anita Mlakar: 35:16
Oh my God.
Gideon Greaves: 35:17
That’s insane. I did a mini one once. Where it’s like a quarter of an Ironman. So not even a half, it was a quarter. So, it’s like 10k Run, just under kilometer swim. And I think 20k cycle for me like that, wasn’t too bad. But if you’ve done an Ironman, salute to you, because that can’t be easy.
Sandi Bitenc: 35:41
Yeah, it was. It was back in the 2007.
Gideon Greaves: 35:49
You must have been shredded. If you did Ironman, you must have been ripped to pieces. Not that you aren’t now.
Sandi Bitenc: 35:56
I’m not right now. But I actually was shredded in 2015. When I did a bodybuilding contest. Just I liked some challenges.
Anita Mlakar: 36:10
Well, you are both amazing, but I did run 5 kilometers once too. I’m just joking. Well, before you leave. Gideon, we have a special announcement. I think Sandi should be the one telling it. No. Okay. Then you will be joining as a Special Advisor, right?
Sandi Bitenc: 36:36
I think Ruba should have the honors.
Anita Mlakar: 36:40
Okay, Ruba. Go ahead.
Ruba Aramouny: 36:46
Alight. Yes. So, we kept this announcement for today because we wanted to do it when Gideon was here live with us. So, Gideon is joining 3air as a strategic advisor. So, we’re really happy to have you, with us, with all of your experience, all of your network connections and insight into the African blockchain and crypto community. And, yeah, welcome. Maybe you can tell us why 3air and what excites you about the project.
Gideon Greaves: 37:23
Thank you, Ruba, and to the rest of the 3air team, and Sandi for having me on your advisory team, I’m really excited to be part of the journey for 3air to become a unicorn. And that’s why I’m really part of it. You know, it was the first project where I approached the entrepreneur, and I said, “Hey, this is gonna be a unicorn, I gotta join, I got to be part of this journey and I’d love to see if I can help you get there”. And that was what really fascinated me about the project. I mean, from the outset, the project is awesome. What it’s trying to achieve is fantastic, connecting the world, which allows you to have digital identity and banking the unbanked. So, the fundamental of the project is amazing. But everything is about the team. And Sandi, I just think has all it takes to become someone that can take this project to unicorn status really quickly. And that’s what really excited me about this project. And of course, it touches home because it can solve a lot of problems in Africa.
Since I met Sandi, everyone that I’ve introduced him to, they’ve just pulled him straight in. I mean, he had a meeting with someone recently when he was in Cape Town. And then they asked him to have dinner with the mayor. And the premiere. Yeah. And he went to his house. And I was like, hey, don’t forget me. And they did forget me. They didn’t bring me along. But I think there’s a lot of excitement around the 3air project here. I won’t mention the bank until everything’s closed and the deal is done. But there was a bank in Africa. That’s looking at doing a lot of work with 3air as well, and they’ve had a couple of meetings. So, every meeting that Sandi gets, he seems to get a lot of interest. So, I’m just excited to be part of the journey to take 3air to the moon.
Sandi Bitenc: 39:15
Thank you. Thank you and welcome. I’m really glad that you joined.
Anita Mlakar: 39:19
We are excited too, thank you. Gideon, thank you very much for being with us today. Thank you for taking time, of course I hope you will be with us in this month and years to come. And that we will meet you here more often in our AMAs since everybody is so excited and you should really connect to because someone is really serious about taking you to Nigeria and showing you around. So do connect with and use the opportunity. So, thank you very much.
Gideon Greaves: 39:50
Awesome, thank you guys. I’ll be back. Happy to be part of the family.
Ruba Aramouny: 39:55
Sandi Bitenc: 39:55
Anita Mlakar: 39:56
We are happy too. Bye, Okay, it was so nice talking to Gideon and announcing the big thing. So, thank you, Ruba. Thank you. Now, Ruba, we will continue with you because as a head of marketing, you should, you know, give us a little update about what is going on.
Ruba Aramouny: 40:16
Absolutely. But don’t you just think that “CVROCKS”, I mean, everything about having a partner with them. And having Gideon on a strategic advisor is just great. So, if you agree with that, go to app.3air.io and use this as your giveaway live code. So, for the 3air marketing updates, let me give you a bit of a rundown of what’s been happening and what’s to come next.
So, some of you might have noticed, we’ve been slowly step by step updating our social icons, social graphics and a little bit, so you will see a rollout of an updated branding, just ahead of our token launch. So, what we’re really going for, and what our main goal is ahead of this listing is that audiences, our audience and new audiences who come to us see that this is a project with a real-world utility that it’s here to stay, no matter if the markets go up or down. This is a long term, many year project that really offers value in the real world. So, we want our branding to reflect that as well and go a little bit away from the very hype, sometimes looking brands that you see sometimes in crypto. So, Laura, our head of design is doing an amazing job at refreshing our branding to reflect that as well.
Then what we have done as well is we have launched our coin market cap listing. So, you can now go to coin market cap and add 3air to your launch watch list. So just go to www.coinmarketcap.com and type in 3air, you will find us there. And you’ll also see that we posted an article about 3air early staking pools and rewards. So, check that out like it, share it, it’ll help the project a lot. And if you’re part of the 3air community, then it’s also in your interest to go and spread the word and do that.
Then we also have many upcoming AMAs with partners. So, if you go to our Twitter space, Twitter profile, you will see that we have two AMAs coming up tomorrow, which I will show you at the end of the AMA on our outlook. And we have a lot more of those types of events coming up. So, stay tuned on Twitter, and on Telegram, that’s where we will have a lot of announcements.
Another thing that we’re focusing on a lot now in our marketing ahead of the launch is explaining how 3air works, how the ecosystem works to benefit all of the token holders. And so there will be more explanations about staking and rewards. But there will also be information about access node operators. So, nodes how that works. What is the technology behind it? How do people, who are part of the ecosystem, earn rewards and can generate revenue with 3air and ultimately become more empowered. So, we’re focusing a lot on creating content that shows that right now.
Anita Mlakar: 43:50
Thank you, Ruba. Would you like to add something?
Ruba Aramouny: 43:57
I think that’s done for the marketing update for this week. It’s been a lot you will get an outlook of the upcoming events in just a few minutes.
Sandi Bitenc: 44:08
I think you said there is a partnership being announced in June.
Ruba Aramouny: 44:13
Yes, there is a partnership being announced. I will show the banner.
Sandi Bitenc: 44:18
Okay, good. I was checking that you didn’t forget. I don’t know if you sleep lately any you know, at all but I do think that you’re getting some help now also with the marketing team. So, the marketing team is growing slightly.
Ruba Aramouny: 44:39
Absolutely. So, we have on boarded very experienced agency KTM. We could get their CEO on an AMA as well. I think that would be really good. And they are helping us immensely with building all this out and growing the community ahead of the launch and supporting us.
Anita Mlakar: 45:07
Great news, all great news. Now before Sandi, will also give us an update. Let’s just take this opportunity to answer some questions. I think there’s some newcomers here. This is an interesting question, but we should repeat the answer. We should tell it more and more about it. What is the first impression that you’d like people to think of when mentioning 3air to them? Sandi?
Sandi Bitenc: 45:35
Internet and banking for everyone.
Anita Mlakar: 45:39
Really short answer, but yeah, it tells everything. There was also question, How did you come up with a name? We didn’t explain that for a while now.
Sandi Bitenc: 45:49
It’s the name is actually we are delivering three services over air. So that’s a broadband internet, it’s digital TV, and IP telephony. So that is 3air.
Anita Mlakar: 46:01
Sandi Bitenc: 46:02
I just don’t know, I don’t know what we’ll do when we add the fourth, because you’re already thinking about the fourth one. So, I don’t know what we’ll do, then. Any ideas?
Anita Mlakar: 46:13
Well, maybe we should, you know, gather ideas from people, because there are always great ideas out there. What did you say Ruba?
Ruba Aramouny: 46:26
Anita Mlakar: 46:28
Yeah. Why not? Sandi, So what’s the latest information about the market?
Sandi Bitenc: 46:37
Well, last week didn’t close really well. I was I was talking about that a new kind of important meeting was being held on Friday. And Jerome Powell didn’t say what I expected him to say. So, it was quite hawkish. He said there’s more pain to come and he actually said there will be pain within businesses and within households and that they will use- I think he said, like, to the fullest use their tools available or something like that. So, and then the market is just panicked. And everything crashed down 10% or, again, 15%, something like that. So, it was quite hard. So, let’s see what’s the outlook is.
So, this is just a speech he gave. And it did happen before that, what he said, he didn’t do actually afterwards. Let’s see. I do think still, we have some options if the CPI numbers come out good in September, then on the September 21, there are the rate hikes, I think after last Friday, at least 75 basis points is calculated in. I think if we see a higher interest rate hike than 75 basis points, or if they go to 1% it won’t be really good. If we see a 50%, I think we’ll see the markets rally a bit. So that would probably be really good. And for us the next day. But yeah, I’ve been also talking about, for sure, it’s really nice to have a really crazy good launch. We’re not in a bull market. So, for sure, not doing you know, 200Xs, and it’s just impossible right now. And that’s actually not the long-term goal.
Having a crazy good launch is maybe good for some promotion, short term, hype, but the prices after a huge spike, they always come down. What I do see as beneficial, though, launching in a market like this is you have the whole upside potential of the bull market. So, we’re literally starting at the bottom, and we can ride it out all the way. And in the meantime, we’ll just be working on everything that we do. And yeah, I do think that our project can become a bear market proof and I don’t think that people will stop using internet. So, we should not have like big declining numbers and users if there is a bear market or a bull market. So, in that sense, I think that the future for sure lies in projects that have real world utility, because that one will be more like stocks than like cryptocurrencies and not every bear market will just pull it down. I think they can be even more stable than the stocks because, stocks - they don’t have utility, but the tokens have utility within a project. So, the demand for the tokens should stay there.
So, because of it, I can show a bit again, the fear and greed index just shortly. And we did come back down into extreme fear. So, we are at 23. It wouldn’t be good if we go really too low or below 20. It’s not something that they would play well with the markets, so we were there already on 45. Coming down, I do think this is gonna to turn so and what is good is we’re still really crazy high in the altcoin season. So, it’s there on 94. And that’s just you know, each week, I can just say that it’s amazing. I did not expect this. And that foe sure plays well with our token launch.
So, I think what is good is, August is ending, and August is a month that usually plagued with a downturn with a bit more volatility, with low volumes and low volumes, then always have the ability to move markets faster in any direction. And August is usually a bad month. So as September. September is traditionally also not really a good month. But I do think right now, markets are a bit different. And every one actually really weights on what the FED will do is just about that. I don’t think it’s there’s anything else. There’s so many good things happening on the blockchain space, in the crypto space. We got BlackRock in the biggest hedge funds in the world. If they deploy only 1% of their capital into crypto, we’ll have like a bull run we never saw before. All the all the big institutions are coming in. So, a lot is happening. I do think we just need to have the macroeconomic, security and certainty and then things are going to go the right way. So, my opinion is we are starting at the bottom, and we’ll ride our token and our project the whole way in the bull market.
Anita Mlakar: 52:39
Okay, thank you, Sandi. Just another question but maybe we should use the opportunity to answer. Does 3air, I have a plan and dream to someday launch an academy arm to train African people in its technology, both in broadband tech, networking, and blockchain. Tommy is asking.
Sandi Bitenc: 52:59
So, we do place a lot of focus on education. So, there will be for sure a lot of education going on. And you know, just how to use the internet, how to use blockchain. I think it’s good for 3air, but it’s exceptionally good for everyone that’s involved with 3air, you know? And, yeah, why not? So there for sure will be an academy at one point in time. Either we do it ourselves, or we partner up with somebody else. There are a lot of projects that we know, a lot, I spoke to three different projects in regards to know that they have an educational platform. And also, I was speaking at the Johannesburg University. And there’s a lot of interest and a lot of stuff happening on the education side. And I think Africa is really, really well suited. They’re so hungry about the new technology that’s coming up. That is a pleasure teaching somebody that’s really enthusiastic about it.
Anita Mlakar: 54:10
Okay, next question. The next question would be from Nela. What is your trick to beat similar projects so that your project stays ahead? Is there a trick?
Sandi Bitenc: 54:25
It is just innovating is just innovating, not being stagnant. Not having being too self-confident and thinking you know, everything and you’re the best and it’s constant improvement and constant benchmarking with others and trying to be better. So, you know, waking up in the morning starting to think what can you do better this day.
Anita Mlakar: 54:57
Okay, another one, going through your or website, I saw something on making trenches and digging the group to put communication cables, how feasible this is going to be?
Sandi Bitenc: 55:09
So, if you read this, we are actually saying that this is not feasible, and we don’t need to do it. So, we are connecting people over air. So, what we don’t need to do is actually, you know, dig trenches, dig through, whatever, is it like a desert, or is it a rain forest, you know, destroying nature, and also destroying cities or you know, stopping traffic. That’s really impossible. So, this is why we are not doing it. We are doing it the other way around.
Anita Mlakar: 55:41
Yeah. And I see that someone has already answered that in the comment section. So absolutely. Okay. There are some questions coming in a lot of comments today. Thank you very much for being a part of this to comment. Someone said that this is not an AMA but an AAA because I’m asking all the questions. Oh, my God. I’m really happy if you’re asking them so that I don’t have to. And you’re welcome. Just to put them in here. Ruba, should we also now say something about the giveaways?
Ruba Aramouny: 56:15
Yes, absolutely. So, if you have been paying attention to our socials, what can you win today, there’s going to be six lucky winners. So, this is the first time we’re picking six winners on one of our newer giveaways in the 3air app. And you can win 100 BUSD, 50BUSD, or 50 BUSD. And you can win. We’re giving away three telegram premium subscriptions for one month. So, what you have to do is go to app.3air.io and enter the forum, click on giveaway at the bottom. So, I’m already going to share my screen and show you where you have to click to find it. So, I already entered the giveaway. But you can see down here at the bottom, there’s this little gift icon and that’s where you enter the giveaway. And you’ll see a form that asks for your Twitter, your Twitter handle, your retweet link to show that you really retweeted. Your Telegram handle, and the live code of today’s show, which we’re going to show again once more here. So, it’s “CVROCKS”, because we had the honor of hosting and the managing director of CV VC Africa. So, once you enter that, at the very end of the giveaway, we will do the live draw. And I hand over to Sandi for a nice story.
Sandi Bitenc: 57:52
Yeah, just to close it off. First of all, I need to ask you, you’re not competing, right? In the giveaway.
Ruba Aramouny: 58:00
Of course, I am. No, I’m not. I put in dummy things just so that I can refresh my screen and show the winners at the end of the giveaway.
Sandi Bitenc: 58:14
So yeah, there was a question before and I didn’t want to take the time away from Gideon, because I knew that he needed to go. But he asked me how was Kenya actually and there was two stories really nice ones there. So, we, me and Petra, we stayed at a house in Mombasa. And so, there was Ken, his name was Ken, he was actually coming to cook for us every other day. And we started talking with him and so on and we kind of get to like him. And then Petra was talking to him a bit about how he does business, and he was saying it was really hard to during COVID times there were no guests, you know, he did not have any job and he is taking care of his family and his sister and then also his parents and quite tough life. And he was charging like really almost nothing. It was the half of what he was making. He was giving away for the transport costs actually and they’re really minimal. So, he was really not making a lot of money there. So, and but he was also doing some cooking classes. But the thing is, you know he was just not promoting himself at all. So, what Petra did, she is she sat down with him and created our b&b profile for him and put up the cooking classes. So, we made some photos and wrote a description and then we connected him with M-Pesa. So, he can get paid and all those stuffs. So, he now has a profile there. And he’s starting to get clients and it was really funny. So, say if I am looking for a cooking class. If I go to a cooking class, I don’t mind paying $50 for it. And he was like, no, that’s too much. And it’s not something that you could even imagine that he could earn. But that’s the prices that you actually pay if you are going to Airbnb or something like that. So yeah, that was one, let’s say good deed that we try to do. And that wouldn’t be possible without the Internet. So, it’s really, really important because it can change lives. And we’re following with Ken a bit, how he is doing and everything. So, yeah, let’s see, we’ll maybe report back. And, but I do think that literally this one thing that we did there, and it didn’t cost us anything to be honest, so it can change a person’s life. And as I said, it is about internet. It’s also a bit about education, of course.
Then the second thing that was there, so there was also a lady that was cleaning our room. And then we invited her and her daughters, she has three daughters to dinner. And she was like really surprised, she was actually crying because nobody else invited her until now. And she’s working there for years, I think four years or something like that, at that house. And we were actually the first ones that invited her to sit with us and eat with us. So, and then we started also talking and it’s also you know, these stories that really touch your heart. We were talking about school and how tough this is because they still need to pay for school, they need to, there’s everything is boarding schools there. And sometimes they don’t even have the money for a proper meal during the day. And then we asked the bits, you know what they wanted to do, and also asked a bit about internet. And when I asked if they have an internet at home, they were just starting to laugh, they were starting to laugh because it’s just so unimaginable for them.
So, we kind of made arrangements that they can use the internet there where we were staying and but then the problem was, they didn’t have a laptop. So yeah, then we also went and bought them a laptop. And you know, we actually we bought a laptop there, it was a used one, it was a nice us one that costs us. I don’t know, $300-400 or something like that. And literally when we presented it, she went crazy. She went crying, she was literally running around, and then she dropped down on the floor. And then she started praying and was like man, it was really, really hard touching. And again, you know, it’s intended for education, it’s intended for school, the whole family will use it, but especially what it was most intended for one of her daughters that wants to be a news reporter or a writer or something like that, but she just didn’t have the ability to do it. We also signed her up then on Fiverr so that she can start writing a bit for some articles. And she can do it right now without a laptop, you really cannot write any stories.
So those are the two things that happened in Kenya and I’m kind of proud of it. I mean, it’s little things for us. But it’s really big things for others and it can literally change a life. So, I think next week we’ll also report for about something else how we are changing lives with the Internet. And that’s it. That’s the power of internet.
Anita Mlakar: 1:04:33
Thank you, Sandi, doing good deeds. Thank you very much in the name of all of us. I’m sure that we are now all a little bit emotional. I can just imagine how it was. So, thank you. Great story. Well, okay, Ruba?
Ruba Aramouny: 1:04:54
All right let’s do it. Everybody get ready for the giveaway. It’s good that we kept it till the end because throughout the AMA, we had a lot of people who still joined. So that’s very good. I’m going to start sharing my screen.
Anita Mlakar: 1:05:17
Okay, what are we giving away?
Ruba Aramouny: 1:05:21
Yes. So, we are giving away 200 BUSD and three Telegram premium monthly subscriptions. So, we have two winners for 50 BUSD, and one winner 100 BUSD and three winners who are going to win three Telegram premium monthly subscriptions. So, what do you think we should start with?
Sandi Bitenc: 1:05:48
Let’s start today with the big one.
Ruba Aramouny: 1:05:50
All right. We’re selecting…
Sandi Bitenc: 1:05:56
So, it’s 100 BUSD right now.
Anita Mlakar: 1:06:02
Let’s see who the winner is.
Ruba Aramouny: 1:06:05
Let’s see who the winner is. There you go. 0x32 and the ending 51d2 you won 100 BUSD congratulations. You filled up everything, put in the CVROCKS code really good.
Sandi Bitenc: 1:06:24
So just to preserve privacy. We are not showing any names. Anything else just a few numbers out of the wallet.
Ruba Aramouny: 1:06:39
Okay, now for 50 BUSD.
Anita Mlakar: 1:06:45
The first one.
Ruba Aramouny: 1:06:47
The first one, I’m refreshing this screen. There you go. Ending be24 your wallet won 50 BUSD congratulations. We need to have some sound effects with these.
Sandi Bitenc: 1:07:13
I think Leon will do this for next week.
Ruba Aramouny: 1:07:18
Yes. All right. And then the next one with the ending f63a congratulations, you want another 50 BUSD. So now we gave away 200 BUSD till now.
Sandi Bitenc: 1:07:39
We’re not really hyping things up, right?
Ruba Aramouny: 1:07:42
No, not without sound effects. Whoa! [drumroll] now giving away the first telegram premium subscription.
Anita Mlakar: 1:08:02
Let’s see who get that.
Ruba Aramouny: 1:08:06
There you go, b2c2 sounds almost like Star Wars. You won one-month premium Telegram subscription. Congratulations! Selecting the next one.
Anita Mlakar: 1:08:22
Another one coming up.
Ruba Aramouny: 1:08:24
Sandi Bitenc: 1:08:33
and one more.
Ruba Aramouny: 1:08:36
And one more.
Anita Mlakar: 1:08:37
last one, right?
Ruba Aramouny: 1:08:38
Sandi Bitenc: 1:08:38
Anita Mlakar: 1:08:41
We’re like Santa Claus right now.
Ruba Aramouny: 1:08:45
There you go. We have all of our winners. Congratulations.
Anita Mlakar: 1:08:48
Yay! Congratulations to all six of you.
Ruba Aramouny: 1:08:55
Yes, and thank you for being here with us. Just to finish off and tell you what to expect next. I have prepared some images for you. So, first thing that you will see tomorrow, we have a webinar together with CV labs and Cointelegraph. So, Sandi is going to be talking about 3air and on the topic of transforming traditional industries with Blockchain. It’s on our Twitter, we retweeted it. It’s also on the official Twitter of CV labs. So, you have to go here to register. So, click on the link that’s in the tweet, register on event and they will send you the link to the live stream and it’ll be Sandi speaking, it’ll be Wes Kaplan from Cointelegraph speaking. It’s going to be really interesting. So be sure to join there and also share and retweet. Then we also have tomorrow a live ama with SolvProtocol. They’re a really interesting platform. So, join their Discord because that’s where it’s happening. You can join here at www.Discord.gg/SolvProtocol. Or you can scan this QR code that’s on the tweet, there is a $500 giveaway. And Sandi is going to be there live for the AMA, it’s going to be very interesting. So, tune in there at on 1st of September at 1pm UTC.
Ruba Aramouny: 1:10:28
Now we really need drumroll for the big announcement. Thank you. We have some of you might have seen it. We have our token sale launching on Synapse Network. So, this is our official first announcement of a launch pad that is doing the launch with us it’s Synapse Network. And it’s happening on September 14, all of the details will be made known next week. So, stay tuned for that. But we’re really excited for this because it’s our first Launchpad listing announcement. And we’re super happy to share the news and join communities. So, share it and stay on the lookout for information on how you can join that sale.
Sandi Bitenc: 1:11:18
Yeah, there many more to come. But I’m really proud on being on Synapse. I think they’re one of the best ones in the space to be honest, probably not the most hyped up, but I think they are one of the best ones in terms of being really serious of what they’re doing. And not only launching, like and hyping things up and having the pumps and dumps and so on. I do like their approach. And they helped us also a lot with structuring the launching and everything so.
Anita Mlakar: 1:11:57
Okay, thank you, Ruba. Woo-Hoo! We should celebrate.
Ruba Aramouny: 1:12:02
Yes, we should.
Anita Mlakar: 1:12:04
So many great things happening, and so many announcements and giveaways and we are happy, and the sun is shining. Well, not here in Slovenia. We have rain all the time. But yeah, this is also a part of life. And thank you, Sandi, for sharing all this wonderful stories with us looking forward for more of those stories to come. Because I know you have been through a lot on your journey and is still going on. So, Ruba next time, maybe we will think about some stories, right?
Ruba Aramouny: 1:12:32
Absolutely. Now I have to be inspirational.
Anita Mlakar: 1:12:36
Yeah. Let’s find something. Thank you very much. Both of you for being here. All this time. We did a little longer AMA, but it was very interesting with an interesting guest. And we will be here of course next Wednesday at 5pm Central European Time as always. And it will be almost a year with our AMAs almost.
Sandi Bitenc: 1:13:02
We got one month to go, right? Something like that.
Anita Mlakar: 1:13:04
Yeah, something like that. It was in October. We will check that and then we will do the big announcements. So, thank you very much. And thank you, all of you for sticking till the end. And congratulations to the winners and be with us. Follow us, be a part of our community. I’m wishing you a very nice day. Bye.
Sandi Bitenc: 1:13:25