This is a transcript from our weekly YouTube live AMA:
SPEAKERS: Anita Mlakar, Ruba Aramouny, Sandi Bitenc, Rok Mihailović Krpan and Ralf Glabischnig.
About AMA: On this week’s AMA, we’re talking to Ralf Glabischnig, giving market updates and updates about 3air development.
AMA Duration: 01:15:12
Anita Mlakar: 00:01
Hello, everybody, and welcome to 3air’s AMA. Anita Mlakar is my name, and I’m the host of this AMA. And I’m really happy that I can welcome you here. I’m happy to have you here. And I would really like to thank you if you’re already a part, or a member of our communities, because we have communities on Discord, on Telegram and on Twitter. And there is a lot going on there. So 3air is really doing a great job. There are members, members of our team talking to you, answering your questions every now and then Sandi Bitenc, the CEO of 3air is also there. So please do join us. And you can also be a part, of course of this AMA every Wednesday, just subscribe to YouTube channel, you will get notification when we are going live. It is usually on Wednesday, 5pm. But sometimes, also at other times, other days. So, stay tuned.
We always do a short introduction of course, of what we are doing. And we will do this today also but let me just remind you that we have a very special AMA coming up, we have a special guest and members of our team will also be with us because they are giving us weekly update. Ruba, Rok and Sandi, of course are going to be here. And of course, don’t miss the opportunity to ask questions, because they will be answering them and also write some questions down in the comment section for our guests. Who is coming up in a couple of minutes.
So let me just do in short introduction of our project, what we are trying to do is connect the unconnected and bank the unbanked and we are really connecting people, people of Africa to internet we have two technologies, K3 Last Mile Solution and 3air internet. And what you get is a digital identity from us, we also create your digital bank account. We are getting your wallet to the next step is providing financial services. We have outside partners that will provide additional digital revenue streams and all this times, we are also educating people because the knowledge is the real empowerment.
Sandi Bitenc: 02:14
Sorry to interrupt you, but there is something go wrong with your audio.
Anita Mlakar: 02:21
Really? Are you not hearing me at all?
Sandi Bitenc: 02:26
Okay, now it’s getting better again.
Anita Mlakar: 02:29
Okay, where was I? Where did you not hear me anymore?
Sandi Bitenc: 02:35
The majority of the introduction was actually really bad. And now you have kind of a lag. At least here where I see. You’re good again.
Anita Mlakar: 02:51
I’m good again?
Sandi Bitenc: 02:51
I’ll leave you alone. I was never here, bye.
Anita Mlakar: 02:57
I would like also to hear it. Anita sounds like a computer. Do I still sound like a computer? I hope, I’m better now. I don’t want to be a computer. Really, I would really like to be just Anita. So, if there are any problems with the voice, let’s just go from the beginning but not really from the beginning. But let’s do again the introduction of our project, what 3air is doing. So, we are connecting the unconnected, we’re banking the unbanked also connecting people of Africa to internet with two technologies K3 Last Mile Solution and our 3air internet, you do get digital identity from us, we will create your digital bank account, we are giving you a wallet. And then we are providing financial services. And we also have outside partners that will provide additional digital revenue streams. And we are in all this time also educating people and education is actually the real empowerment. And once we put people through all these steps, they’re connected, they’re banked and empowered. And 3air is here for the long term to provide services to the people who will be here for the years to come and everyone that joins us in this journey will be proud of being a part of this change that we are making. So, thank you for being with us.
I hope you hear me now because I would also like to invite the members of our team for join us. Sandi Bitenc, CEO of 3air with us, Ruba Aramouny, Head of Marketing, and Rok Mihailović Krpan is also with us, the Head of Development. I hope they will hear you better because I really don’t know what is going on with my voice and I do have voice. I mean, there’s just something wrong with the computer and audio. Hello, everybody.
The team joins the AMA:
Sandi Bitenc: 04:47
Looks like somebody exchanged our Anita for robot in the past week.
Anita Mlakar: 04:55
Oh my God.
Sandi Bitenc: 04:58
You’re better again.
Rok Mihailović Krpan: 04:59
As soon as Sandi joined in, she became better.
Anita Mlakar: 05:06
Maybe that is connected somehow, you know? How are you all?
Sandi Bitenc: 05:13
Rok Mihailović Krpan: 05:14
Ruba Aramouny: 05:16
Sandi Bitenc: 05:19
We are super excited. That’s for sure but we are all in overdrive right now.
Anita Mlakar: 05:26
Yes, I can imagine I can imagine you do not look tired. Although you look great. Ruba, especially since you’re a beautiful woman. And of course, our men look great.
We will do an update about what is going on and how the preparations are going. We’ll look here at about what is going on in marketing and development. And of course, Sandi will give us an update about everything also about the markets nowadays. What is going on there. And of course, you’re welcome to ask questions in the meantime, because later on, we will be answering them. But right now, I would really like to invite our guest, I would like to welcome him. So please, let’s say hello, everybody to Ralf Glabischnig, founder of Crypto Oasis, INACTA and Tokengate.
Ralf Glabischnig, founder of Crypto Oasis joins the AMA:
Anita Mlakar: 06:24
Hello, and welcome Ralf.
Ralf Glabischnig: 06:27
Thank you, Anita, my pleasure to be here on that call. And I hope my voice is clear and well heard by everyone.
Ralf’s background and work:
Anita Mlakar: 06:34
It is and that is crucial because you are the main guest and we need to hear you, I’m not so important but when I’m alone, you know, as a picture, then then it’s good that they hear me. So, Ralf, thank you for being with us. Just let me say a couple of words about you, entrepreneur, and investor actively building a worldwide blockchain ecosystem with a focus on Switzerland as the famous Crypto Valley and the Middle East, the Crypto Oasis and together with business partners, the founder and main shareholder of 15 companies has investor in more than 40 startups through several venture capital structures, and so on and so on. I would really like Ralf to tell us more about you and your work.
Ralf Glabischnig: 07:22
Thank you, Anita. I think the quality was quite okay. So, I’m repeating a bit from the stuff you said right now. I’m an Austrian originally. I came to Switzerland to Zug in 2005. So that was a little bit before the Crypto Valley in 2009. I found the first company in Switzerland. INACTA, which you see behind me as well. It’s a digital transformation company, where we try to transform big businesses from paper to digital. And in 2013, as probably many of you know, the Ethereum Foundation came to Switzerland and started kind of the Crypto Valley together with Bitcoin Swiss, which have been early movers here. And I have been already here and happened something very interesting in front of our door. And we took the opportunity to support this Crypto Valley. So, we had a co-working space at this time called Lakeside business and we started the Lakeside Crypto Lab. Later on, we started the Crypto Valley Association, Crypto Valley Labs and CV VC, a venture capital arm. So, we helped to grow this community from the beginning of few people, to today, more than 1000 organizations in Switzerland and more than 6000 people working in that space.
We haven’t been the first ones, but we saw the potential and have been pushing that and in parallel, I’m personally a big fan of Dubai. I came there the first time 1998. And I remember when I was there, they started to build Media City and Internet City in this time. And there I was wondering who is going to use that because no one was there to use it. And Dubai just built an infrastructure and said, We’re gonna find the people using it. And two years later, Media City and Internet City was filled. And now when you look into Dubai or 10 years, they doubled the people over there. It’s a very international hub where you can meet other people to make business internationally, for example, in Africa, in Asia, in other areas. And that’s also where I met Sandi the first time and we sat down and talked about crypto and what infrastructure can do. So, when we saw that potential in the UAE, in the blockchain space, and then the growth, we said let’s set up something of like Crypto Valley over there. And we started the Crypto Valley Labs first. Now, we ventured out into, we call it Crypto Oasis into new story. You know, it’s Silicon Valley to Crypto Valley to Crypto Oasis. And we’re doing pretty much the same things in Dubai than we did before in Switzerland. We have a co-working space there. We founded the venture capital structure there.
We are investing in early-stage startups, but we are also investing in Metaverse projects, in NFTs and all that stuff. And we are bringing out and report for the UAE and we already collected more than 1200 organizations in the blockchain space in the Middle East. So, it grew really fast as well. And people often ask me, “Ralf, are you going there to make business with Emiratis?” And no, that’s totally not my target. I’m going there to make business with other expats. Because that’s the nice thing in Dubai, 80% of the people are expats and so everyone is open to collaborate and to network and see what we can do. So, my life is split between Switzerland and the UAE. And that’s a very interesting thing because Switzerland is like the stable fundament with a good market size and the UAE is the number one growth markets in the world I would personally say.
Ralf on living in Dubai:
Anita Mlakar: 11:40
There must be something special about Dubai because everyone who’s going there, especially, you know, on business ways. They’re thrilled. And you also said that Dubai is special. There are even some comparisons with Switzerland, where you live, I read something about it.
Ralf Glabischnig: 11:59
The comparison is quite simple. Both Switzerland and Dubai are offering you security. And that’s a very important thing in today’s world, I got three great kids, nine, eight and six years old now. And you know, when I travel somewhere, I want that my family is safe. I want that they can travel walk around. And this is not all over the world. So, I mean, Latin America or in South Africa, and so on. And this is the similarity between Switzerland and Dubai but in a different way. Switzerland is like grassroot secure, and Dubai is top down secure but the result for us as people living there is to say, we feel safe, and we can use the infrastructure.
Ralf on Crypto Oasis:
Anita Mlakar: 12:53
Okay, so you feel secure in both places, which is nice. And I also appreciate that here in Slovenia. It’s really important. Ralf, you already said something about it. And we will also talking about it on our Twitter space but what more particular does Crypto Oasis do?
Ralf Glabischnig: 13:14
Crypto Oasis does different things. First of all, we build this ecosystem, and the ecosystem is bringing all the players together, from the startups to the investors, to the corporates, to the research, and trying to engage them with each other, that new things are happening. And on top of this ecosystem, we buy ourselves, we offer three service lines,
#1- is consulting and IT services, how to use this technology, also for big corporates.
#2- is venture capital. So, we invest early stage in startups. And in the last 10 months, we did around 30 investments in the UAE, especially in the blockchain space.
#3- is building own ventures where we are the founders of the companies.
You mentioned Tokengate before, the Tokengate is a platform where you can tokenize your assets. We have been really in tokenizing real estate, real world assets, a cattle farm in Bolivia, but also NFTs of all kinds. So, on top of this ecosystem, we have different business lines to support the ecosystem at the end of the day.
Ralf on Middle East and Switzerland:
Anita Mlakar: 14:32
Okay, thank you. On your LinkedIn, you said we want to connect the Middle East ecosystem with Switzerland. Maybe why connection between these two countries/places?
Ralf Glabischnig: 14:44
You know, I believe both of the two countries are having at the moment or at the moment ahead worldwide in blockchain and crypto startup at adoption. I mean Switzerland is probably headquarter for foundations of layer one protocols at the moment. This started with the Ethereum Foundation, later on Cardano, Tezos, Polkadot, Web3, NIA, all the foundations are set up in Switzerland. And this is already more than 14 unicorns in the blockchain space on the layer one site. And Switzerland for some very interesting place because we have kind of decentralization in the DNA of Switzerland and this blockchain protocols, they are based on decentralization. But on top of that, you need to have applications using the blockchains. Blockchain without someone using it doesn’t help you.
I love to compare Dubai with a blockchain, you know, the Government of Dubai, they built a great infrastructure there. But if no one from following us would come and did not use that infrastructure, it would be useless at the end of the day, so and the blockchain is the same when you build a good infrastructure, someone needs to build good products on it. And if we only build financial products, I think we didn’t reach what we wanted to reach was the blockchain space, there are real infrastructure, self-serving identity and other projects, which are exciting for me. And that’s what I love in 3air and then trying to get connectivity in all areas at the end of the day, because this technology gets a lot of opportunities.
So, for me, Switzerland, stable, early regulation, good regulation, also some interesting financial institutions here, banks like SEBA and Sygnum, or all players like Bitcoins or normal banks venturing in that Julius Baer and Maerki Baumann, you name it. And on the other side, Dubai, or the UAE, the possibility to scale to 4 billion people, because five hours around Dubai, you have 4 billion people living. And there’s a real market potential. I mean, in Switzerland, the use case of cryptocurrencies is not big. We all have bank accounts here, we all have three Credit Cards and Master Cards, Maestro cards, and we can transfer our money we can transfer our value. So banking, the unbanked is not an issue here. Here, it’s more I’m banking, the bank probably in the crypto world, but around the UAE and be it Asia, Southeast Asia, Vietnam or the other side, Africa. That’s a huge potential and the UAE itself has people from India and from all these countries, which again have good connections in the home countries to scale over there and that’s the reason why I’m really excited about these two locations.
Ralf on investing in companies – Unicorns:
Anita Mlakar: 18:13
Yes, I can imagine you were talking about potentials. I also been working with some startups here in Europe. And we were talking about this possibility. And I think what everybody’s trying to do also investors because you’re an investor, is to make it possible for a startup or scale up to grow into a unicorn, which is very possible. And of course, they need investments for that, they need capital. How do you recognize, let’s say, because you have invested in so many companies, how do you recognize the company that has potential to become a unicorn? What does it have to have?
Ralf Glabischnig: 18:51
For me, the most important thing is always the team because a startup will most likely change the strategy several times. Well, people in another target and changing the product and changing everything. What’s going to happen? But if the right team is together, if a diverse team is together, if a dedicated team is together. Yeah, then you can make everything at the end of the day, you can reach everything and probably being a unicorn shouldn’t be the only target because this is only about valuation. It’s also the question which value do you bring to your consumers? Are you really creating revenues? I mean, we know at the moment a lot of unicorns worldwide never made any money and are losing value at the moment so and the different strategies for founders and teams to build something and I’m excited when I see a good team.
Benefits of tokenization:
Anita Mlakar: 20:01
That’s great. So, the team is crucial. Thank you for letting us know. So, let’s talk a little bit about tokenization of assets, what is the benefit of tokenizing assets?
Ralf Glabischnig: 20:13
You know, there are different benefits. And one of the benefits is making investments which are not linked with today liquid. An example is real estate, when you invest in real estate, usually you do it on a long-term perspective, the idea of tokenized real estate is having a secondary market and being able to buy and sell fast. Or another example is that you are able to invest in an asset class, where you usually are not able to invest.
Let’s take Switzerland, the Bahnhofstrasse in Zurich, it’s the most famous shopping street. So, you will not be able to buy a house over there when you are not having 100 million plus to invest. But when you have the tokenized there, probably, you can invest with $1,000 or $500 in an asset, which is usually only for professional investors. On the other side, when you have an asset and you want to activate your asset, and you need some liquidity, it gives you an opportunity, besides the classic banking financing way to get capital for your project. So, when you look into that, what Ethereum did in the early days, so what tokenization brought to the big protocol, they said look, you can buy our future performance, you can buy our future computing power and this is investment and what they got this, they got capital to build the infrastructure. So, it’s a new way of fundraising when you’re a founder or when you’re an asset holder. And on the other side, it’s a new way to participate in investments, where you are probably usually not able to because of the size of the investment.
Anita Mlakar: 22:11
Okay but does it extensive to all industries or some more than others?
Ralf Glabischnig: 22:17
That’s a very good question. You know, they are so called utility tokens and tokenizing of utilities is already broadly adopted today. We talk a lot about security tokens in the moment in all the areas like commodities, real estate, and so on. This is a long-term game and will take 10 years to get there. My personal opinion is that every value, every good on this planet will be tokenized. And we will not talk about it anymore. It just will be tokenized. And it’s a little bit like, in the beginning, we didn’t know what we’re going to do with the Internet. We did a little bit of chats and probably having some websites for companies. But there was no idea about e-commerce, about online bookings, about social media and so on. And now we are there. And every one of us is using it day by day. And no one of us or nearly no one of us is really understanding how the technology in the back is working, how the HTTP protocol is working. And then the blockchain is basically exactly the same in the moment everyone is talking about. How does the technology work? What is proof of work? What is proof of stake? What is decentralization? But we’re not talking a lot about the use cases. And I believe, when we are switching and we are really working with the use cases, and not anymore talking about the technology behind because the technology will be just there. Then we got the adoption done.
Similarity of the beginning of internet and crypto:
Anita Mlakar: 23:58
It is interesting, this comparison with the beginning of internet and then the beginning of crypto, you had a little opportunity to feel inexperienced, both of us. So, you can also compare, and I also read somewhere that there is this similarity like you said, in both beginnings?
Ralf Glabischnig: 24:17
Yeah, absolutely. You know, I believe we were roughly 1996-1997 in the internet area. And of course, there will be crashes and also in that time, I remember when we bought stocks of e-commerce companies, we even didn’t really understand what the E-commerce companies do. We have been happy of a 3% gain day by day and then the internet crash came and that’s normal. That’s what’s happening. And this is also the dangerous thing on that, that you’re able to invest in single projects. If you’re not having a portfolio strategy. Then you are going to a big risk at the end of the day. I mean, we as venture capital structure, we try to invest in more than 100 projects at the end of the day. And usually, you can say from the 100 projects, most likely 90 projects will fail but 10 projects. Out of the 10, hopefully two will be unicorns, and eight will be okayish. But now, if you have been investing in the industry, you must be very good in selecting the three ones. So, that’s the danger private investments in only a few projects and yet the same thing of startups. This is the normal process, and everyone should know that if they are investing directly in startups.
Ralf on regulation of Crypto:
Anita Mlakar: 25:48
Okay. That’s good to know. So, you are also a founding member of D2A2, you want to strengthen and promote the Digital asset sector in the Middle East. We are seeing more governments around the world introduced regulation. I do think that digital assets regulation is positive for the crypto ecosystem and so why?
Ralf Glabischnig: 26:11
Yes, of course, I mean, in general, regulation has always been very bad position. But regulation should protect investors and consumers. That’s the first target of a regulator at the end of the day. And, you know, in Switzerland, we created quite early, the so called Swiss Blockchain Federation, and this is Blockchain Federation support the government get the laws adjusted. In Liechtenstein, there is the Crypto Country Association, they also created a new law for blockchain and all the regulations around it. And in the UAE, the same thing is happening right now. There’s even an own regulator called VARA, which is a virtual asset regulator. And they are trying to regulate this new business. And I personally believe that at the end of the day, it is not a new business, you have to adapt existing regulations, and try to get it in. There are some new elements, but at the end, it’s the same, we shouldn’t do money laundering, we should know KYC, who are our customer. There is a lot of scam in the area, we have to protect people. And regulation has a good part, as long as it’s not over regulated at the end of the day. So again, the example of Switzerland, running a bank. Isn’t that funny anymore? It was more fun. So, two years ago, and you see that a lot of the banks are searching for more compliance officers than site managers at the end of the day, and that’s probably when it’s going slightly into over regulation in the direction that shouldn’t go but a bit of useful regulation. I’m supporting very much.
Anita Mlakar: 28:12
Okay. You have an upcoming event, INACTA event in Switzerland. So, what will be going on in the circles? What can visitors expect?
Ralf Glabischnig: 28:26
Yeah, we call it INACT innovation circle. In INACTA innovation circle we try to showcase interesting projects, and showcase what’s possible with the technology, not only out of the blockchain space, we invite different things. One of the upcoming events will be for example, about 3D printing, and how to decentralize the production and logistics industry. Of course, you’re talking about the INACT innovation circle. When Sandi’s presenting, he will be in our nice location here in Zug in roughly two weeks and showcase what 3air is doing. We will explain a little bit more about the crypto Valley Association and Crypto Oasis what we are doing. So, the target is to give a platform to project and explain what they are doing and where innovation is. And this is located in a very beautiful Shed Club by the way. So, to all the listeners when you’re coming to Switzerland to Zug, you should visit us at the Shed Club, it is the private club in the heart of Zug. A very nice place to meet the entrepreneurs. investors and other people. And we’re really looking forward to host Sandi there.
Ralf about 3air:
Anita Mlakar: 29:47
Okay, great. Just when we’re talking about Sandi and 3air, what do you think about the project just a short 3air’s project?
Ralf Glabischnig: 29:57
Yeah, as said already, I love when we get real world use cases, when we bring the technology in an area where it makes sense to get connectivity. I mean, that’s a problem also, that more people lose bank accounts than getting bank accounts today. So micro payments and all that stuff, there’s a lot of things to do in Africa and in other regions in this world. It’s a big vision. It’s a lot of work but I would say if you vision, it’s too small, probably not aiming high enough. And so, I’m excited to be part of the project as an investor to open up the network to connect people and hope that 3air, Sandi and all the team is succeeding on.
Anita Mlakar: 30:56
It’s nice to hear. Ralf, you are divided, or your life is divided between Dubai and Switzerland. Of course, where are you right now?
Ralf Glabischnig: 31:03
In Switzerland right now. Flying on evening to Dubai. So back and forth.
Ralf on his spare time:
Anita Mlakar: 31:13
Yes, I can imagine, but you said you have three children, you have family. What do you do in a spare time? Do you have any time left, you know, for hobbies? Let’s say I know that work is also enjoyment. And that is the right thing, but you know, just to loosen up to get the energy, what do you do?
Ralf Glabischnig: 31:32
To be honest, I’m really crazy. I don’t have any hobbies, beside of my companies and the work. I just spent five days with the family in Italy. And we enjoy it a little bit the beach and so on but it even there I join Twitter spaces, they I have a lot of other chores and meets and meet business partners over there. So, all my life from the morning, 7 o’clock until 2 o’clock in the night is about the business and I enjoy that. Of course, I sometimes think I am probably missing being friends, but a lot of my business partners are close friends. So, I try to combine that.
Anita Mlakar: 32:17
Yes, I know another person. Maybe Sandi, will join us now because he’s also the one who says business is my way of life and also my hobby. And I’m enjoying it, right Sandi?
Sandi Bitenc: 32:31
Yeah, it’s something similar. So, like, our nice haircut, we are pretty similar in our thinking, I guess.
Ralf Glabischnig: 32:41
I have to say I followed Sandi the first time since I didn’t have the beard and I still had a few hairs left. But I like that, I call it the Dubai style. I like the Dubai style.
Sandi Bitenc: 32:55
Yeah, for sure you’re not getting hot in your head.
Ralf Glabischnig: 32:59
Anita Mlakar: 33:00
Really looking forward to getting familiar with the Dubai style. So, I hope there will be opportunity. And I would really like to thank you Ralf for being with us today. We also took some of your time. I know that you have all the time also in your schedules. But I really appreciate you taking time for us and explaining all of that. It was really nice talking to you. So, thank you very much.
Ralf Glabischnig: 33:25
Thank you for the interesting talk. I’m looking forward to giving you few updates. And listen to what’s going on your side. And thanks for everyone to join in. And if you want to follow me, you will find me on LinkedIn and on Twitter and see what’s going on in the world. Thank you. And see you soon.
Anita Mlakar: 33:47
Thank you very much. You and Sandi will also meet live soon in Switzerland.
Sandi Bitenc: 33:52
Not even a week. So, I’ll be there on Monday. I think so.
Anita Mlakar: 33:57
And I know send us a report. So, we’re looking forward to that. Thank you very much Ralf for being with us.
Ralf Glabischnig: 34:03
Thank you, guys. Bye. Have a nice day.
Sandi Bitenc: 34:06
Bye, thank you.
Anita Mlakar: 34:07
The rest of the team joins the AMA:
Anita Mlakar: 34:09
So, Sandi, let’s just invite Ruba and Rok also to join us. Do I have to do that? Okay, Rok.
Rok Mihailović Krpan: 34:18
Anita Mlakar: 34:20
Okay, members of our team. I hope you’re doing fine. I hope you do hear me now.
Rok Mihailović Krpan: 34:28
Anita Mlakar: 34:28
I miss the Ruba.
Rok Mihailović Krpan: 34:33
Now, we have two Sandi.
Sandi Bitenc: 34:35
And she’s again taking over my name. I don’t know if this means something but I kind of have a feeling she wants to take over 3air.
Rok Mihailović Krpan: 34:43
Yeah, I think she will replace you.
Anita Mlakar: 34:47
Yeah, I’m sure Ruba will come in. I think she just repairing something, and she will be with us in a very short period of time. But I would also like to invite you now is the chance Ask questions connected to 3air, because we did have some unanswered the last time but of course, there are also questions in the community. A lot is going on Telegram. So, Sandi, I see that you’re active there all the time. And I’m sure that you have answered so much of them. So many of them.
3air Development Update:
Anita Mlakar: 35:17
Rok, you will give us an update, right?
Rok Mihailović Krpan: 35:22
Yeah. I mean, I can do it immediately.
Ruba Aramouny: 35:25
Rok Mihailović Krpan: 35:26
Okay. So, as Sandi said, we’re all busy as hell and already tired. So, what we did in the last week, so the first thing was, we agreed on some DID things. And our designer and actually, the main designer and our UX designer, are working together on completing the interface for the mobile applications for DIDs. We are deciding on some things, how to make it as simple as possible for everyone, even the ones that have no idea what DIDs are or why should they use it. So, we’re getting there.
The next thing that we did is, some users had problems with logging in on our apps. So, we fix that part we like, moved some logic around the network’s out of it. So, if you at least have a wallet on your browser, anywhere you can connect without, like actually knowing what Binance Smart Chain is. So, this was one thing, and we are developing the new marketplace, we have the marketplace, but we found that we need some upgrades, and we want some new visual things on it. Make it a little bit more user friendly, make it a little bit nicer. So, we’re developing all this style changes. What else did we do… we integrated new chain, which will be available, I think tomorrow, right Sandi?
Sandi Bitenc: 36:57
Well, I think that’s a question for you. I want you to answer it, you know, always.
Rok Mihailović Krpan: 37:03
Yeah. So, we tested the integration, tested the new chain, tested compatibility between switching from one chain to the other in the apps, switching the network’s, adding different networks.
Sandi Bitenc: 37:22
There was a slight bug where not everyone could connect to the app, right? Or they need to manually switch to Binance Smart Chain actually to connect that was the only thing. Now when you did this bug fix. Did you also integrate already cross chain compatibility?
Rok Mihailović Krpan: 37:40
A part of it. I mean, what we did now because at the first, we were focused because our token is going to be lunch or it’s already like kind of minted on the Binance Smart Chain and everybody will claim there. So, we did, by the default, like we wanted to make things easier for users so the floor was like you press sign in, you’ll get wallet connected, it automatically should be switched to Binance Smart Chain and you’re already where you needs to be. But as we found out like on many wallets, this is not exactly this, like some wallets don’t even support changing network. I know one of the most used wallets, the Trust Wallet doesn’t really allow you changing networks later from like wallet connect connection. I mean, there is no reason they decided they want to do it that way. So, we had to move that logic outside. Now you could just connect your wallet and sign into the app. No matter on what network you are, you can be on Ethereum network, you can be on Binance network, it doesn’t matter. You don’t need to have the right network selected until you actually need the blockchain.
So, in this case that the app is currently you first sign in with the wallet, it doesn’t matter, it just need to be a wallet. And then when you want to claim tokens, it will check if you’re on Binance Smart Chain and if you’re under Binance Smart Chain, you can directly claim tokens if you’re not, it’s going to offer you a button to like “Switch Network”, which is much more intuitive and everything because it doesn’t kill you add the login screen and you can’t even get into the app. And the same thing with the tokens like the NFTs.
Once you get to the NFT page there will be like shown if it’s on Binance Smart Chain and if it’s in Chain A, if it’s on Chain B and you can view all NFTs and when you want to buy one of them you like it checks on what network you are at the moment so if you’re on the right network, it will automatically allow it to buy it and if you’re not on the correct network, it will first ask you please switch network and you press the button and if you have a wallet that is compatible, it will automatically switch the network for you, add all the network parameters and then add a new network in Meta Mask you need to enter the name enter the RPC, enter the chain IDs, enter few other things which is quite complex for users that are not used to it. So, if you’re using a wallet that’s compatible Meta Mask is definitely compatible, you just press the back button, and it will automatically fill everything out for you. So, you just press Add, and that’s it.
Sandi Bitenc: 40:15
So, it’s more or less going towards… It wasn’t functioning before. Now, it’s easier to use that.
Rok Mihailović Krpan: 40:23
Yeah. At the beginning, users had to know something’s how to do, you were required more knowledge for users. Now we’re like simplifying it as much as possible. So, everybody can use it, even if they’re like, not used to Crypto and all the special queries that it has.
Sandi Bitenc: 40:23
So tomorrow, kind of we are upgrading to our first cross chain app. This also then opens up the possibilities to go on multiple EVM compatible chains. I know that the majority is pretty simple SKALE has some additional tweaks to it, right? Just because they are by itself, a multi chain ecosystem. And right now, we were focused really on SKALE chain integration, all the work was done there. But right now, we cannot publish it. Because SKALE actually has a small bug. It’s not a major bug, in a sense how the blockchain works, it just the problem that we cannot get live data from it. And our platform cannot operate there right now. So, I think that one will be at least a month late, but not because it’s our fault, right?
Rok Mihailović Krpan: 41:49
Yeah. We actually found problem in the chain. So, we’re fixing the chain together. So, it’s not our bug, like we’ve found it, we were spending like I don’t know, two or three days on it, dissecting it completely. And like giving the report of what is not exactly by the standard to the SKALE team. So, they acknowledge it, and now they’re working on the fix. So, we can continue our integration with them.
Sandi Bitenc: 42:16
Yeah, so this is going to be a bit late from our side. But else we are actually ready technically also to integrate with SKALE but because it’s not SKALE, we just pulled up another chain that’s going to come live tomorrow. And how we are actually thinking about cross chain is not having an asset on different chains and then everyone actually needs to be on their primary chain to be able to use it. And just the asset is kind of breached, but we are deploying our blockchain on each of those. We’re deploying our platform on each of those block chains. So, you literally can use it from whatever chain we are integrated with.
Rok Mihailović Krpan: 43:03
So, like we develop the whole system what we call Chain Connectors, so we split with took all the logic that our platform has. And we took like, Okay, this is part of the logic that’s connected to the actual chain, and we split it out. So now we have core platform. And then like we want it to be integrated on 10 chains, we can just like put 10 chain connectors every week, its own chain and chain ID and the Name. And like you can use all of them at the same time.
Sandi Bitenc: 43:32
That’s pretty awesome.
Rok Mihailović Krpan: 43:38
We have one fancy chart with a lot of blocks.
Sandi Bitenc: 43:43
That’s really awesome. That’s really good. Congratulations, I don’t know how you did it, but you did it. So, it’s cool. It’s really cool.
Rok Mihailović Krpan: 43:55
It would be much more friendly to users, so they don’t have to switch chain 10 times and keep track of where their assets are.
Sandi Bitenc: 44:04
Anita Mlakar: 44:42
Well, this was such an interesting conversation that the two of you had, it’s amazing what knowledge you have and I’m like, just okay, What are they talking about? I know I do understand something not everything so it must be really awesome. So, thank you.
Sandi Bitenc: 44:59
Maybe, I do think we also have an update on the staking pools, right?
Rok Mihailović Krpan: 45:06
Yeah, it’s not yet finished, we still continued the development of the staking contract. We decided some parameters, we were in talk with Sandi to like, specify some things how we wanted to work. Like you will actually have an option to stake. We already sent out specifications how the staking work, right?
Sandi Bitenc: 45:30
Yeah, but then there were some things that weren’t like 100% clear, we were talking about, is it on staking all at the same time, how will the LP tokens staking work, and those stuff.
Rok Mihailović Krpan: 45:44
We have one smart contract and on it, you will have an option to stake like standard 3air tokens, which you can claim from the vesting and stake them directly. You can claim into our wallet and stake them, or you can directly stake them through vesting to like to optimize your fees. And you will also have a chance to stake LP tokens. So, as we will list the 3air token to multiple DEXs, like PancakeSwap or I didn’t know BUSD, or BNB, and things, there you will get LT tokens. I mean, it’s open for the public. So, every one of the community members, if they want, they can actually like, take their BUSD, take their 3air tokens, and provide liquidity. And for everybody gets like a percentage of all the trades.
So, what we also allow in our staking contract is you can actually stake the LP tokens. So, in this way, you actually are earning yield from DEX pool. And you’re also earning like 3air tokens from the staking. So, it’s like Win/Win, like double time. So, and I already said it like, you will have an option as the staking is weekly based. So, you’ll get like payout every week. And then we decided like you can also take out part of your stake. I mean, there’s still a delay, you can’t like to decide whatever you wanted instantly on stake everything. I think it’s one week limit. But you can take out part of it. Like if you have 100 3air token in stake, you can take out 20 3air tokens, you can take out 80, you can take out everything. So, you don’t really have to unstake everything just to get it.
Sandi Bitenc: 47:38
So, we’re making it a bit more flexible and absolutely we do want to reward our liquidity providers. So, if you want to be a liquidity provider for 3air, you can literally take your tokens, put them in the liquidity pool. And then in addition, so you’re already earning that the transaction fees from that liquidity pool from DEX. And then in addition to that you’re actually getting staking rewards for 3air.
Rok Mihailović Krpan: 48:09
So, it’s like double win situation for everyone.
Anita Mlakar: 48:15
Okay, would you like to add something else Rok, or should we go over to Ruba?
Rok Mihailović Krpan: 48:22
I think this is the main part.
Sandi Bitenc: 48:26
Maybe you could tell us a bit more what’s going on with Mesh network?
Rok Mihailović Krpan: 48:34
Yeah, for the Mesh, like we have really good ideas for the Mesh network, and I can’t tell everything as we still need to complete some proof of concepts. We are having our lab, we are integrating all the things that’s needed like the Mesh networking is kind of most complicated thing right next to the DIDs. Because you know, you’re working with the actual networking equipment, which is usually an equipment that’s not easy to integrate, because they are closed systems not having integration like having just a little bit of it available for the public. So, we built our lab, we’ve bought some equipment that we can actually test. And what we actually want to do with the mesh networking, like everybody’s used to connecting to some Wi Fi and entering their usernames or being presented with a captive portal and everything. And like we’re trying to override that as much as possible, so the users don’t have to choose their usernames and passwords, so we want to make it simple like you press a button or two and do something in your wallet and be connected. Like I can’t completely reveal everything as I said we still need to like finish and make sure it works as we want it. But if everything was going by plan you will just like, connected the Wi Fi, open the app, press one button and you will be instantly on the internet.
Sandi Bitenc: 50:05
Just to clarify a bit, so we were talking about that you actually need to have a username and a password to actually be able to use Wi-Fi so and I was like, No, we cannot do that. And they were like, Yeah, we need it. And now I see that things are moving along and maybe will work.
Rok Mihailović Krpan: 50:26
Yeah, we’re trying to go to this direction. I mean, still everyone wants to kill me 90% of the time, because I said we need to do this. And Sandi’s doesn’t even want to come into our office because everybody’s going to kill him. But we’ll try to make it work.
Sandi Bitenc: 50:42
That’s so cool. What about the connectivity NFTs?
Rok Mihailović Krpan: 50:48
The first thing that we wanted to do is launch this multi chain part, because like, as I said, the chain connectors are the most complex part of building this infrastructure, which we kind of proved that is possible now. So, our next stage is to actually launch the connectivity NFTs, we were in talks like internally of how this should work, we were in talks with our partners with the K3, how they think from the telecom perspective, it’s not like we’re building a multi-ISP platform, we are not just focusing on one ISP. So, we’re like, need to build it in a way that it will be suitable for every ISP. And as everyone knows, like ISPs are rigid, they are not flexible, like startups that just change the rules and everything from one day to another.
Sandi Bitenc: 51:38
There’s communication with that, that you talked before that I would enclose it.
Rok Mihailović Krpan: 51:45
This is the harder part, the connectivity. First, is this, what I was talking about, like how it actually work. And the second part is, of course, you need to somehow have a website or the app where you buy and insert an NFT. And on the other way, you should get a router that’s maybe behind you to actually have internet, which is like a complex problem in itself. So, we’re like building an already built part of it, actually platform that you plug in an NFT, this event should be emitted our platform be automatically detected, and then automatically communicate with the equipment and like platform of the telecom forward to the authentication servers or the provisioning servers. And they then at the end, enable the internet like, it’s complex, it’s hard to complex, it’s hard to explain in 10 minutes when it’s finished, we can like talk into depth to it for an hour or two. But at the end, it all happened like in few seconds at most. It all depends how fast the blockchain will confirm itself.
Sandi Bitenc: 52:59
So maybe something that will be maybe a bit more understandable for the end users is you really came up with a cool idea. And that’s actually staking NFTs within NFTs. So, tell us maybe a bit more about that idea.
Rok Mihailović Krpan: 53:15
Yeah, so we’re kind of getting into the inception realm also, be prepared for it. So, like, we were thinking how to actually simplify it for the users because not everyone is familiar with staking or internet NFTs or using NFTs for anything else, then transferring the picture of fancy monkey. So, what we found out the best thing is, you need to have first have equipment, right? You can’t connect to the internet without the actual modem or the router. So, what we came up with is you get a router from your ISP. So, let’s say for now let’s use K3 as partner. So, you go to K3, and you say it like, Okay, I want to have your internet, I want to use a 3air platform so I’m not going to bring cash to your office, and I just need the equipment. So, what they do, they take the equipment that you need, they go to your location, they install the equipment. Every equipment need something at least so they plug it in, they set up the 3air proprietary equipment, they set up connection to the base station, the cabling and everything. And once they’re done setting up, you get an NFT, you get an NFT for equipment. So that specific NFT represents the installation of equipment at your place. So now you have equipment that you have an NFT for it.
Then on the other hand, somebody need to get like connectivity NFT, you buy from us, or you buy them from your friend, you borrow them from someone, it doesn’t really matter how you get it. And once you have the equipment NFT and then you have the connectivity NFT you just like plug it in. You Plug the NFT into some other NFT.
Sandi Bitenc: 55:05
In a sense, how this should look like is you have your dashboard in the app where you see all your connected spots, because you maybe have one at home, maybe you have a house somewhere else, maybe you have an office. So, you have those NFTs in your wallet and the app actually reads directly what NFTs are in your wallet. And it draws out all the connections you have. And also gives out all the valid information that you need to know like you name where, what the location is and such things. And then all you need to actually do is click on that location. And just you will have a list shown of all the connectivity NFTs that you hold in your wallet, just select one, and then you need to sign a transaction and that’s it, it should be as easy as possible.
Rok Mihailović Krpan: 55:56
You actually stake NFT into another NFT. It will be much easier to explain once it’s on the interface.
Sandi Bitenc: 56:08
So, we are trying to make really complex things as easy as possible and we are working a lot on making it easier, we said we will be doing a lot of educational work and that will still be needed. But if you need to educate somebody, it’s really like going to person to person to person and they need to educate themselves to be able to use the things. But if you make it easier, then nobody really needs to educate themselves. And everyone can use it, you do one thing for everyone. So, we are for sure working on both sides.
Rok Mihailović Krpan: 56:44
Ruba Aramouny: 56:48
I may add to that. We have published the access points operator article today on the blog. So, some of the concepts that Rok mentioned here will be more clear after you read that as well. So, if you read what is an access point operator? what are the nodes? How does the staking work in that is explained in that article. Fairly elaborately already. So that was written by Sandi, and he made it as easy as possible to understand, I think. It’s a really good resource if you want to check. So, you can find that on our blog. And you can also find it on coin market cap. So, if you already follow 3air on coin market cap, it’s pinned there as well. If not, add 3air to your watch list. Go to coin market cap and add it to your watch list. And you’ll find that article there too.
3air Marketing Update:
Anita Mlakar: 57:47
Okay, so Ruba since we already have you here and you already started on your subject. Let’s have a marketing update.
Ruba Aramouny: 57:58
Absolutely, I hope my internet is not too laggy. I don’t know, my internet is actually fine. I think it’s something with the streaming software on my laptop, that’s just making it unbelievably slow. But let me know if it’s too laggy. So, we already teasered it, we have a big announcement, the new website is up, it’s matching, reflecting our new branding. And looks really nice.
Ruba Aramouny: 58:30
Sandi, I don’t know if you wanna share your screen at some point. But otherwise, go to 3air.io. And check it out. Some of the biggest changes are obviously the branding. But then also there are some graphics that are available at first glance on the website that directly explain the ecosystem of 3air as a business model how it works. There you go. So here you see it. So, another new branding here, it’s more explicative of here. What is the 3air platform? what it consists of? And then what are the partners? How are they involved in all the features you get access to make that a bit more easier to see at a glance. Then we also explained the link to education and empowerment. I really love the elements by Laura it’s such great design that she came up with that wonderer and I think we should have her on an AMA to explain that also. What the new elements actually mean because it’s a very nice thought behind it. And it really reflects what 3air’s mission is. And then here you have the architecture, so you directly see how 3air works. You can dig into the image and see everything that’s involved. And yeah, that’s a good update because people will directly be able to understand without going into Docs or write paper first.
Another big update is also that the light paper is now linked to from the website. So, we have a new light paper, which is lighter than the white paper. And you can directly find information about that too.
Anita Mlakar: 1:00:23
It looks great.
Sandi Bitenc: 1:00:24
We actually fixed something when you were talking to Ralf, on the website, we just uploaded it before. And here is the chain connectors, that Rok was telling you a bit before we’ll be adding new tools to our platform. And so, this is actually a simplified version of the already simplified version. It looks like this. I don’t think it can make it more simple, right Rok?
Rok Mihailović Krpan: 1:01:02
Now, I spent like four hours making these charts. So, you don’t want to know how the big one looks.
Sandi Bitenc: 1:01:07
I like the design. That’s Laura’s design. So, she draw out this wonderer, it’s really nice. I like it. It’s far more clean than what we had before. And then you have the light paper load. And that’s actually in our Doc’s page. So, it’s in the blog, we also updated it. And we have a new redesigned white paper also. And we made it a bit shorter. So, there were a few things that we have just now in the docs section. But we took it out from the white paper. The white paper is also evolving. And right now, we are at the token launch, so we don’t the things that were connected to the token launch anymore in the white paper. But we’ll keep them for sure also here for some history and what was done before. And that’s blog site was also updated to match it, if you don’t see the blog page like this, just please refresh it because there is some that is stored in the cookies and just refresh it a few times and it should pop up in this design.
Sandi Bitenc: 1:02:55
An access point and the operator. So that’s the article you were talking about, right?
Ruba Aramouny: 1:03:05
That’s it. Yes, exactly. So, it explains. It explains what are ISPs, what are the end users, how does revenue sharing work, what will be technical guidelines for access point operators, it’s very interesting. It gives us more insight than we ever had into how it will be organized on the ground, and how the bandwidth sharing will be organized. So, I really recommend if you want to learn more about it, read this article. It’ll clarify a lot of questions.
Sandi Bitenc: 1:03:41
There’s actually a lot of questions coming up exactly on this. I think that’s the most interesting part right now for the community and of course don’t forget to follow us on all platforms and like subscribe and also like this video.
Anita Mlakar: 1:04:05
Soon I won’t have a job anymore.
Anita Mlakar: 1:04:05
Thank you, Sandi.
Anita Mlakar: 1:04:08
Don’t worry, Ruba.
Ruba Aramouny: 1:04:13
Okay, I’m just going to continue giving you a little update of what’s coming up next, because we have quite a few events planned. So, tomorrow we have three events coming up.
One is the AMA with Blockchain Backup. So, join that and you will find these links in our Telegram channel and announcements and also on Twitter. And then the SolvProtocol, AMA that was moved from last week to this week because of Discord’s technical issues that they had last week. So tomorrow at 1pm UTC. Sandi is going to be on the SolvProtocol discord channel and it’s going to be a really good AMA. They have very good questions.
Then we have at 3pm UTC tomorrow, Sandi is going again on something we’re sending Sandi everywhere. He’s going to be on the CV Twitter space. So that’s hosted on the CV labs account themselves with Gideon Greaves, who was here with us last week, the managing director of CV labs, Africa, and Daniel Kimotho of the Celo, Blockchain Protocol. So that’s going to be really interesting also about transforming traditional industries with Blockchain. And that’s on the CV labs Twitter, so join there to not miss that, that’s it for tomorrow.
Then the next one is on Saturday at 9:30am UTC. It’s an AMA with Crypto Blades. So that’s also on Telegram you can join there, you’ll find the link to that in the announcement channel. And then for those who are offline. 3air there’s going to be like CV summit next week in Zug, in Switzerland. So, if you’re going to CV Lab’s Summit, it’s a really good place to go. It’s like the meet and greet of everybody in crypto. So, we’re gonna have our own stand there. You can join on the 14th and 15th of September, if you still get tickets, if you’re going there.
Sandi Bitenc: 1:06:20
If somebody needs tickets. Just let us know we still have a few tickets.
Ruba Aramouny: 1:06:27
Anita Mlakar: 1:06:31
We’re all going to Switzerland.
Ruba Aramouny: 1:06:35
We’re all jumping on the train now.
Sandi Bitenc: 1:06:38
Ruba Aramouny: 1:06:40
Yes, so that’s the update on the marketing side. We’re really excited for the ID sale, that’s coming up, which will be announced on the channels. So, keep an eye out for that if you missed other pre-sales, and yeah, we’re going full speed ahead into our token launch.
Anita Mlakar: 1:07:01
Sandi Bitenc: 1:07:02
Where are the KOLs?
Ruba Aramouny: 1:07:06
Where are the KOLs?
Sandi Bitenc: 1:07:08
Ruba Aramouny: 1:07:10
So generally, KOLs live all across the room. And we have a bunch of KOLs who are going to, who are really interested in posting about 3air. So, we’re working things out with them, and then we’re going to have them close to their communities as well.
Anita Mlakar: 1:07:34
Okay, some other questions Sandi?
Sandi Bitenc: 1:07:39
Not right now.
Sandi’s Market Update:
Anita Mlakar: 1:07:41
Thank you very much Ruba. Thank you for the update that now you are on Sandi, will let you give us a little market updates, because you always do, and we really want it this time too.
Sandi Bitenc: 1:07:53
To be honest, I didn’t follow up a lot. I just didn’t have the time. Literally me and Rok when you were talking to me, me and Rok we’re working in the backlog just chatting on Telegram and exchanging some and I think Rok just pushed another update, it’s really crazy right now. So, I’m not following really closely what’s happening with the markets but of course I saw yesterday’s. And yeah, right now it’s not looking too good, to be honest. So, I cannot lie. Things didn’t go till now in the direction that we actually wanted, they went in the other direction. But there are some things on the macroeconomic perspective that might maybe turn so what actually happened is that everything is bound to the US and what the dollar does and what the FEDs do, and they were saying we’ll be raking up the interest rates just because we have a really strong economy still the labor market is really strong and everything and we can do it and we really heard a lot and so on.
Right now, the reports came out that the unemployment is rising really fast and it’s not something that we should be really happy about, but the markets will probably react positively to this just because if the unemployment rates rises, they will not be raising too much the interest rates because then they are crashing and killing the economy even more and then even their last job. So, let’s see, it doesn’t look like they really can go on at the pace that they were doing till now this year. Else everything’s gonna go to hell. I think it really doesn’t look good. so, they can literally crash the economy if they follow the path that they’re on right now. And there are some crazy things going on I don’t think that there was ever macro-economic situation as it is right now.
In a in a sense, it’s really scary in a sense it’s interesting. But for now, nothing good came out. And I do think it started with the lockdowns, because of COVID, and all the money printing, and we’re now paying the price for it. but it probably even started way before, it got exaggerated, really. So, we’re still waiting for the CPI numbers to come out. That’s going to be next week. So, on Wednesday, and then the week after next week, one day before our token launch. And the Fed meeting is there. And that point will then decide what’s going to happen. And I would say if the interest rates went up by less than 75 basis points, then we’ll be good, the markets will rally.
Of course, it takes also some time for the markets to kind of turn into everyone to get back. So, what we will not have is like 100 or 200 or 500Xs some projects are doing a token launch. It’s just not the market right now that we would do something like that. But you know, we will have a good launch. And what we actually have we are starting at the bottom. So, we’ll be riding up to the bull market that’s coming, the bull market has to still come. So else the sentiment went even a bit down I think we’re at 22 right now, the altcoin seasons went still up. I think the altcoin season is really being driven right now by two big projects. So, one is Ethereum and the other one Cardano. Cardano is actually having their Vasil hard fork launch on the 22nd on the same day as we have our token launch. It’s Interesting.
That’s it. So right now, nothing really that we could say for sure. I think those are really the time to wait it out a bit. And I don’t think anyone can make any predictions, although it’s really hard ever to make predictions. But right now, it’s impossible, it’s in the stars.
What will the IDO price be?
Anita Mlakar: 1:13:02
It is written in the stars. Jo Ga had a question. What will the IDO price be?
Sandi Bitenc: 1:13:10
IDO price is $0.065. So, six and a half cents.
Anita Mlakar: 1:13:19
Okay. Richard asked the question, when will be one year of AMA and I did check right now in between. And I think that the first one was on October 27th. If I’m not mistaken.
Sandi Bitenc: 1:13:33
We have a month and a half to go.
Anita Mlakar: 1:13:36
Yes. So, Richard, that is the answer. Okay, do we need to say anything else. We did this AMA a little longer but the reason it was so interesting, as many things were being said and explained. Thank you very much all three of you. And of course, our special guest. It was a really nice day. I did enjoy it. How about you?
Ruba Aramouny: 1:14:02
It was really nice.
Sandi Bitenc: 1:14:03
I always enjoy our AMAs.
Anita Mlakar: 1:14:06
That’s great. And I hope our participants did too. And members of our communities. Let’s invite you again, if you’re not yet subscribed to this YouTube channel, please do. You can also like, like I said, Sandi said this video and of course, follow us on our social networks. And please be a part of our communities on Twitter, on Discord and on Telegram. We are there all the time for you. And we will be here next Wednesday. In this live AMA at 5pm Central European Time and we are also doing Twitter spaces, right Ruba?
Ruba Aramouny: 1:14:41
Yes, we are. We’re going to announce the guests for them.
Anita Mlakar: 1:14:45
Okay, so let’s do this finish up. Thank you very much for being with us. Thank you all for listening and staying till the end and stay tuned.
Sandi Bitenc: 1:15:00
Either way now it’s every day is something happening you can find us every day on the one AMA.
Ruba Aramouny: 1:15:08
Anita Mlakar: 1:15:08
We are there all the time so yes do follow that too. Thank you.