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3air Weekly AMA - September 28, 2022 - 3air Update & Mikhail Sitalo from AlphaGuilty
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3air Weekly AMA - September 28, 2022 - 3air Update & Mikhail Sitalo from AlphaGuilty

Table Of Contents

01
Introduction:
02
3air team joins the AMA:
03
Launch update:
04
Mykhailo Sitalo CEO & Co-Founder of AlphaGuilty joins the AMA:
05
Mykhailo’s background:
06
Mykhailo on AlphaGuilty:
07
How do you deal with bots?
08
What is your target audience?
09
What projects do you launch?
10
How big is your team?
11
Mykhailo on market state:
12
Sandi on current market state:
13
Are you planning or doing anything positive with your profits such as charity?
14
Mykhailo on 3air
15
What are the plans for AlphaGuilty?
16
Where can people find you?
17
Mykhailo on his private life:
18
Ruba on marketing update:
19
What’s next for 3air?
20
When are the NFTs in your market get use?
21
When we change from our stake into BUSD to an NFT? Can we give that for charity?
22
Where can we see the competitions videos?
23
When is the next base station going to be built and where?

This is a transcript from our weekly YouTube live AMA:

SPEAKERS: Anita Mlakar, Sandi Bitenc, Ruba Aramouny and Mikhail Sitalo.

About AMA: Join us today on our first AMA after the token launch! We are speaking to CEO & Co-Founder of AlphaGuilty, Mikhail Sitalo and then updates from the 3air team about the token launch and more!

AMA Duration: 59:49

Introduction:

Anita Mlakar: 00:25

Hello everybody to 3air’s AMA, I really like that music at the beginning, it really warms me up and it’s really a nice one, but the main thing is that you’re here, and I’m here. And we are here. And we are happy to have you here. Anita Mlakar is my name. I’m the host of these AMAs. It is Wednesday, it is 5 o’clock and we are here.

00:45

Don’t forget, this AMA is an opportunity for you to ask questions, to write comments. You’re welcome, of course, to be here all the time. And to get all the answers that you want. Of course, we will have the members of our team joining us, also the CEO of 3air will be with us and we have a special guests coming up. And we’re really looking forward to that. So, thank you for being here.

01:11

I would like to invite you, of course, to be a part of our communities. We are on Discord, on Telegram and on Twitter. And please do subscribe to this YouTube channel. So that you will get notifications when we are going live. If you are not subscribed yet. I will invite my guests in a short time but first, let me do a short introduction of our project. I do always that at the beginning. If you’re a new one here, of course, it is good to know what we are doing.

01:41

So 3air, first of all is here for the long term to provide real services to the people and we will be here for the years to come. And our project is focused on wide range of digital services and internet to our prospective users in Africa. So, what we are trying to do is connect the unconnected and bank the unbanked actually we are connecting people of Africa to internet, and we are doing that with two technologies, K3 Last Mile solution and 3air internet and what will happen, they will get digital identity from us. We also create their digital bank account, we are giving them a wallet.

02:24

The next step is providing financial services. We also have outside partners that will provide additional digital revenue streams. And in the meantime, of course we are educating people and we think this is the real empowerment. And once we put people through all these steps, they’re connected, they’re banked, and they are empowered, and this is what 3air is doing this is really in a couple of sentences. Of course, you can visit our website and look for more information. Now the ones who will give us more information of course our Sandi Bitenc, the CEO of 3air.

3air team joins the AMA:

Anita Mlakar: 03:00

Hello, Sandi.

Sandi Bitenc: 03:02

Hello, Anita. Hi, everyone. Hi, 3air fam.

Anita Mlakar: 03:05

Hey!

Anita Mlakar: 03:06

And Ruba Aramouny, the Head of Marketing.

Anita Mlakar: 03:09

Hi, Ruba.

Ruba Aramouny: 03:10

Hi everyone. Nice to be here again.

Anita Mlakar: 03:14

It’s nice to have you here to see you again, Rok is not with us today. Sandi, tell us what does Rok have? Where is he? You’re the CEO.

Sandi Bitenc: 03:25

Rok is right now in Dubai, he actually switched my place there, actually quite a lot of the team actually went to Dubai. I came to Slovenia and then they just left I don’t know.

Anita Mlakar: 03:37

Oh my God.

Ruba Aramouny: 03:38

Maybe, Anita ask yourself some questions.

Sandi Bitenc: 03:45

Maybe, I need to ask you that question.

Anita Mlakar: 03:51

It’s true Sandi. I also ran to Croatia but not because of you. I’m coming back.

Sandi Bitenc: 04:03

Rok actually took a few days off because when he wakes up, he has a list of things to do from my side. So, I hope he still enjoys his time in Dubai. He for sure does deserve it. Absolutely!

Anita Mlakar: 04:21

Yes, Sandi, you’re in Slovenia. How are you there? How are you feeling at home in a way?

Sandi Bitenc: 04:28

Yeah, I don’t consider it my home anymore to be honest, but I do like to come back. So up until now. I’m here for maybe 10 days, something like that. Maybe a bit less. But I actually made three visits in this time. So, I don’t know. It’s more than the last time I came but I think it’s still so much work to do that I’m glued to the computer for the most part.

Anita Mlakar: 05:01

Okay, the last time you were here Sandi, you got married. Don’t forget.

Sandi Bitenc: 05:07

That’s also true.

Anita Mlakar: 05:09

Okay, Ruba, where are you?

Ruba Aramouny: 05:12

I am always in good old Belgium.

Anita Mlakar: 05:15

It’s really good. Old nice Belgium. How is the weather in Belgium by the way?

Ruba Aramouny: 05:20

It was very nice and hot. We had the heatwave in this summer, and then it just crashed. So, I’m still getting used to it but now it’s great and rainy outside.

Anita Mlakar: 05:33

Yeah, it’s raining everywhere.

Ruba Aramouny: 05:35

It makes it easier to work because you don’t feel like you’re missing out on the nice weather.

Sandi Bitenc: 05:40

It’s nice. It’s not raining in Dubai, that I can tell you.

Launch update:

Anita Mlakar: 05:45

But you’re not in Dubai so Sandi, yeah, I have to tell you it’s not raining here neither, not right now. But I think there are some storms coming later on. So enough about the weather. How is everything going after the launch? How are we? Are we good?

Sandi Bitenc: 06:02

I don’t know, I would say mixed feelings. So, I don’t think anyone is really enthusiastic in a sense, you know, really happy about the launch because it didn’t performed as we wished for more or less what we expected it to or in this market. And I don’t think, if you look at it, I think it’s not such a bad picture as it. So, the price went down a bit, quite a bit but let’s say the sellers are gone right now. So, the price started picking up again. So, I think that’s a good side.

06:56

For sure, you know, when you start, there’s always the fight between how many people can sell and how many people can buy. There’s always something like that. So, we’ll give out some tokens to the influencers that were working for us. We needed to give out some tokens to the exchange. So those are two major sellers, to be honest. And it’s like they’re really gone right now. So, I don’t think there is going to be much pressure coming on token. So, let’s see. It’s so difficult to predict anything. We should not do it, we are not allowed to do any predictions on what the token will do. But nobody is like happy that the prices shoot up. But we are working, what is coming, there’s a lot of stuff coming in the near future and also in the year to come but we will have some cool stuff coming up, but we need to be smart about it.

08:06

Right now, the market is like set in. I haven’t been here for too long. Whatever I saw, this is like the worst market that I saw ever. There is nothing like some announcement that’s coming in lately, I think that Apple actually announced that doing NFTs inside their apps on the Play Store that was kind of not allowed before because Apple takes a huge share of all the sales that go through the Apple store. They take 30% cuts, and the problem is that they cut on the NFT sales so that’s why they didn’t allow any apps that were kind of selling in these old any games and everything like that, and now they’re allowing it so that’s a huge announcement. And they did publicly, nobody is speaking about it and in fact if that would be done in a bull market it would be raging right now.

09:14

We had quite a lot of bullish announcements just the market doesn’t react to them at all and there is just no traction getting. So, at the time, I would say the timing couldn’t be worse when we launched but it was also not up to us anymore, so the launch needed to happen. We did it we did it in the best way and we started at the bottom. So, we are at the bottom and let’s see the future still looks very bright.

Anita Mlakar: 09:53

The only way is up, right? From the bottom is the all the way up. Well, we are here for the long term. Like we said, we have to be patient right now, but we will be talking about this a little later on. There will also be time for your questions, I see that someone wrote that he already got some answers, because a lot is going on in our communities. And I see that you’re very active there. Sandi, Ruba, both of you and of course, here is still the opportunity to get the answers live. So do ask questions in order to get your answers. But right now, dear Sandi, dear Ruba and everybody who is here, we have a special guest coming up, and I’m really looking forward to that. So, I would like to say hello, and of course, welcome Mikhail Sitalo and he’s here with us.

Mykhailo Sitalo CEO & Co-Founder of AlphaGuilty joins the AMA:

Anita Mlakar: 10:51

Hello, and welcome.

Mikhail Sitalo: 10:53

Hi, guys. Hello, everybody. Nice to be here. It’s Pleasure.

Ruba Aramouny: 10:58

Hi, Mikhail.

Anita Mlakar: 11:01

Hey, Mykhailo It’s really nice to have you here. We are happy that you took some time, of course to be with us today. How are you?

Mikhail Sitalo: 11:08

I’m doing great. How you doing guys?

Anita Mlakar: 11:11

We are good. Like you see, we are good. We are good all the time working, of course hard, but in the good mood whenever we are together with our community. Because it’s really nice to have people here and this possibility, of course to talk to them in a way. Mykhailo you are Portfolio Manager at PMP Berlin. You of course, also crypto consultant, I think since 2018 and you are CEO of Alpha Guilty. You’re doing a lot of things and we would like to know you, to get to know you better and the work that you do. We were talking earlier, little before this AMA started living. What is the name Alpha Guilty actually mean? And it was very interesting. Will you tell us?

Mikhail Sitalo: 12:07

Yeah, absolutely. So yeah, as you have said, I have kind of financial background, I was a portfolio manager and the PMP Berlin, this the branch of Swiss fund that I was managing like around $2 billion, or euros in Europe. And yeah, so I have like this financial kind of knowledge and all the time I faced to all those terms and Greek letters and Alpha means actually abnormal return. So, you calculate your expected return, you calculate your risk with the Sharpe ratio that’s the point of return to point of risk and if you’re open you get more return than expected, this is the Alpha basically. So, we are guilty in that, we are guilty in Alpha, we are guilty and given our community abnormal returns. So that’s the name actually.

Anita Mlakar: 13:09

It’s good to be guilty about such things, right?

Mikhail Sitalo: 13:14

Exactly.

Mykhailo’s background:

Anita Mlakar: 13:15

Yeah, the first thing that really came to my mind was yes, you are guilty, it’s the name guilty, but now that you explained it, it’s really interesting. Mykhailo would you tell us a little more about yourself?

Mikhail Sitalo: 13:29

Yeah. So, as I said, I am a financial guide, basically. So, I studied in business school for management finance, at the ESMT Berlin and then I did my internship and the VCs, the traditional ones, based on healthcare basically. But then I realized that I like to manage assets. So, I was working at first of all analysts then I promoted to a portfolio manager at this PMP Berlin, this is the branch of Swiss fund, and was basically pure traditional finance, like being invested in the stocks all over the world, not only stocks, but also equities, we had the global portfolio of multiple asset classes. But crypto was part of my life like since I think 2017 or something like that, when Bitcoin was rising drastically for the first and second time, I remember it was like 303k and then I got involved when it was 9k like, pretty recently in the industry and all of the stuffs started studying, I joined actually, back at that time, I joined a crypto company that was educating about crypto, like retail users, and also was creating portfolios for like high net worth individuals, and I was part of the team, I was a research analyst at that company. But then, of course, I switched to traditional finance, but my crypto journey was alongside, like, past two years with me, and now I switch full time to crypto, I met some interesting partners in the industry. And we’ve kind of found that touch and found the connection between us and we decided to start this company. And here we are now. So, we’ve created Alpha Guilty and working on this project at the moment.

Mykhailo on AlphaGuilty:

Anita Mlakar: 15:37

Yeah. Alpha Guilty, you explained the name and also mentioned in a little bit what you were doing, but actually, what was your attention when you decided to create it?

Mikhail Sitalo: 15:50

Yep. So, we realized that actually, retail investors cannot get into the level of investments that VCs have. So basically, that’s the idea behind Alpha Guilty. So basically, a launch pad. Of course, we are not new with this idea, but we actually utilize some new mechanics in the business model. And so, we have enough of the network of negotiation power and knowledge, to score and get good projects into our deal flow and launch them and negotiate about private sales. So, we do that, basically.

16:31

Then we take this allegation and give it to our community, basically, with some small checks, so anybody can invest whoever wants. But of course, the problem in the industry with like all the subscriptions, such as coin list, people create it and like 100-200 accounts in order to get a whitelist spot for one project basically because there’s a huge queue, there’s the queue of like 600,000 accounts, and only five whitelist spots. So, it’s all not, it’s not transparent, basically, on coin list on our basic platform, it’s lotteries and you don’t know your chances of getting the allocation.

17:16

So, we’ve created a system, which we call proof of allocation mechanics. So, it’s basically a leaderboard, it’s transparent and the leaderboard will be open on case-by-case basis for each particular project. So, anyone can open a particular projects where he is interested in, see the leaderboard and on this leaderboard, there will be 1000 wallets that get guaranteed allocation. And in order to get into this leaderboard into this 1000, you have to just take our token, and it’s all transparent, you see the particular number of tokens that you have to stake in order to secure place within the 1000. So, the 999 place has 1205 tokens or something like that, you know that you have to stake 1206 tokens in, and the allegation is yours.

18:13

So, we kind of bring this transparency and easiness for people to get to invest into private rounds. So basically, the main idea of what Alpha Guilty is, but of course, we work on the side project. They are working on a loyalty program. It’s basically like gleam and service where people run marketing campaigns. We have some data scientists in our team who created the algorithms of measuring the impact of those posts, for example. There is Gleam.io, the website where people run marketing campaigns. So, anybody just sets up its own marketing campaign and says, go like, retweet, whatever it is, typical activities, and bots can do that and will be rewarded. Basically, they will be in the list of participants and will be rewarded with the pool price or whatever it is, I don’t know, tokens, iPhones, MacBook, whatever it is, and what we are doing on our life Alpha loyalty page. So, anybody the same way can set up the program. The tasks, say go on to Twitter, like with feet, but we can measure the impact of that retweet. And for example, if bots will abuse the system and put a million Likes with, we’ll just discard that. And we will benefit the real user who did the real repost and there was only five likes but those were the real people, and it will benefit that user, so we are working on that side as well. And actually, some two more features that is under development now, but we’ll announce later. So, in general, we have decent talents in our team, have resources and working on whatever problems in the crypto industry is now.

Anita Mlakar: 19:58

Wow! sounds interest thing.

Ruba Aramouny: 20:04

If you do that system where people get into the guaranteed allocation, the more they stake, don’t you just reward the people who have more money?

Mikhail Sitalo: 20:15

Yeah, exactly. That’s the problem, basically, of our system that people whose money get the allocation, but it’s exactly right and you cannot bid on that, and we just benefit people who have money.

Sandi Bitenc: 20:33

In the end, what else will you benefit, right? Something needs to be at stake there.

Mikhail Sitalo: 20:40

Yeah, but on the other side we make sure that like, some smart investors, because I mean, if you have lots of money means that you’ve did some smart investments over or whatever, like you have this knowledge or whatever, you know what you’re doing, basically. And we will be, I don’t know, we can call it kind of smart money. So, for the projects, it’s only a benefit. Of course, we do not solve the problem for like people with below average stakes in crypto, who also like to get an allocation. But we actually were thinking about that because there’s the problem, and we will allocate into 10% out of the total allocation on the first come first serve basis. Of course, it won’t solve all the issues, but at least people will get the chance to be first and to secure a spot. Just do not count on that, like you’ll get a guaranteed allocation, the guaranteed allocations of the goal all will go only to people who stake the most of our token. And it’s also good for our community, because there’s the utility for the token and the price of the token will go up. So, our investors can be happy by buying our token on the exchange with smaller stakes, no problem. But also, there will be first comparison, but I mean, it’s only 10% of the total stake, it’s not that much of the allocation. And we have free demand. So, but still, yeah, at least something.

How do you deal with bots?

Sandi Bitenc: 22:07

It is a problem, because not everyone can actually get tokens, right? there’s not enough that everyone can get how much they want. And the other thing is, it is still a risky investment, you know, a high-risk involvement. So, you also need to, you know, what people tend to do is just adding things with the money that they actually don’t have even. And that’s also a problem so sometimes it’s better than that some people are in that they know what they’re doing so. I can understand you need to have a rule so in place in a sense, but what my question was actually a bit technical about how you go against the fighting the bots because that’s a big issue in the space. We saw it recently with Musk and Twitter and there’s bots everywhere and we ran to a lot of trouble, running a new projects and just finding your way is through the bots and saying hello, here we are, we are doing something that’s really cool and legit, right? It’s almost impossible.

Mikhail Sitalo: 23:20

It’s good question, by the way, it’s a question for the leaderboard for the loyalty that we’re doing, like with the tweets and all that stuff.

Sandi Bitenc: 23:29

Yeah, more than loyalty actually.

Mikhail Sitalo: 23:31

So yeah. So, what we are doing it’s, we do not find basically the bots, we discard them, we just don’t take them into consideration of what they did. So, they of course, can create like, can put 1000s of likes on Twitter and whatever activity is, we cannot go against this, but we can simply discourage this and for example, there will be a pool price, we say we were given away like an iPhone or 10,000 or like 20 tokens whatever it is, whatever price is to the people who did this activity. We have the list of participants, and we can say that we will be also given out some tokens, some points to those users who was there for this program. And who will be on the leaderboard in the first places will get also guaranteed prizes. But those metrics that will determine the place in the leaderboard will not be simply a number of likes that one can do that will be an impact that this post created. So, if you run in bots, you can put 1000 likes you will be a below the person who did the actual post and who was liked by five real people and we can measure this because the impact we can measure, we can determine whether it’s bot activity or not, we can like say that you cannot, like bots cannot do any of the activities, they can, but they will not be granted any attention by us.

Sandi Bitenc: 25:14

You are more or less focused on putting up the tasks that are really hard to do with bots, because I also know that gleam has anti bot features. And then we always get some people that are complaining, you know, I was marked as a bot, and so on. So, it also needs to be fair, so that you don’t exclude people that are actually there.

Mikhail Sitalo: 25:34

We don’t exclude anybody actually, we just measuring the impact. So, if you want to run bots, go ahead, by all means.

Sandi Bitenc: 25:45

So, if you get an impact with bots, you’ll also be on the leaderboard, right?

Mikhail Sitalo: 25:49

You won’t be on the list. If you get impact with bots, you cannot get impacts with bots, like we can easily measure this. So, if it’s productivity, like, I cannot explain all the technical details because any other person can do this, but I can say that we utilize in PageRank algorithms for this what Google does with its websites, when it’s ranking the websites on the list, so it uses this algorithm. So, we use basically the same algorithm to determine the impact of real Twitter users from like fake ones.

Anita Mlakar: 26:32

Okay, Sandi, satisfied with the answer?

Sandi Bitenc: 26:35

Yeah.

Anita Mlakar: 26:37

Ruba, you wanted to ask something else.

What is your target audience?

Ruba Aramouny: 26:42

Yeah, it was a follow up question to my earlier question. Which type of return investor you’re targeting with Alpha Guilty. So, at what level? Would you say that’s your audience who you’re reaching out to?

Mikhail Sitalo: 26:58

Yeah, so cool question. We actually targeting into basically any crypto enthusiasts with whatever stake it is, if your stakes are higher, you just simply stake the tokens and participate in the token sales as we do. If your stake is not enough to get on the leaderboard and secure allocation spots. You can open our loyalty program, like some Ambassador programs, have other projects earn points that you can convert to tokens, or win some prizes by provided by those projects. So, it’s basically like, a task that you have to create an article, create a meme, create a video about the project, do some simple tasks like repost, retweet, refer a friend. So, we have range of those tasks. So, if you have some time and don’t have enough money, I don’t know, to just passively invest, you can do that. So, we actually target in all their crypto enthusiasts, I would say, but the only prerequisite is to be kind of a bit educated and pre planned to know what this crypto industries is and like, what they thinks about.

What projects do you launch?

Ruba Aramouny: 28:14

Awesome. And is there any specific type of project to focus on launching?

Mikhail Sitalo: 28:21

Not really, actually, whatever trend it is, we can launch any kind of the project. We have to develop the technical infrastructure for launching NFTs, regular tokens, wrapped NFTs. It’s where we have an NFT and wrap some tokens into it. So once investor buys an NFT, he also gets tokens in the wallet, we actually create the package, we call it Alpha boxes, is basically a package sales. So, when if you want to invest in private rounds, but you don’t know anything about like investing, you don’t know anything, but you don’t have sufficient, we cannot choose between projects. So yeah, and you want to diversified kinds of risks, to not pull all your stake into one projects, you should never do it by the way. You must not do it anyway. That’s my advice. But still, we will be having those packages of it basically will be again, an NFT with tokens of 3-4-5 projects in the box and while buying this NFT you will get exposure to those five project stockings. And just so we can actually launch greater things, whatever it is on the market, they are capable of this so yeah, so if you have any cool project whoever watching this have an interesting idea, just contact us and we’ll figure out a way of putting you in the market.

Ruba Aramouny: 29:51

Cool.

How big is your team?

Anita Mlakar: 29:52

That sounds great. Mykhailo, how many are you in the team?

Mikhail Sitalo: 29:57

It’s around 30, I guess we have some outsource teams for marketing, business development, they just work with some agencies on the whatever basis. And yes, but I think in the core team, it’s around 25 to 30 something like that.

Mykhailo on market state:

Anita Mlakar: 30:19

Okay, it’s a big team. Mykhailo, Sandi already made some comments about market situation right now since you are in this market for, let’s say a long time following it. What is your perspective how you see it?

Mikhail Sitalo: 30:36

Yeah, market is better at the moment, of course. But it’s not like crypto market is bad, it’s the whole macroeconomic picture is bad, I mean, I don’t know what to be pessimistic, but I think even US domination will drop in the near future and China’s currency, Yuan, we will get over US and we’ll be the reserve currency for most of the countries and we will live in this actually times where we can watch this during our life. So, and I think kind of, it’s also, of course, it’s a huge event. But I think that there gonna be a conflict between US and China at some point of time. And, of course, all this stuff that is happening now. It’s just, you know, what do you call it in English? Some guys have some kind of pre-events to the major event. So, of course, it’s bad at the moment in the crypto market, but the rest of the market is not better. And, yeah, but I think we will survive at least our crypto industry, because that’s the basically decentralized thing. So, people exactly created this technology like Bitcoin, after one of the major crashes in the history. so, I think that this is going to survive also, whatever crisis on their horizon, but I think even worse times are coming. So, it’s only my thoughts.

Sandi Bitenc: 32:19

Yeah, you think that before the stuff with China happens, we’ll see another, let’s say another correction in the markets in general, and then it comes a big drop, or is it just going downwards?

Mikhail Sitalo: 32:37

I’m not sure. I think that the China and the US conflict will take place. Maybe like in the scale from now to 50 years or something like that. Probably there will be ups and downs. Of course, maybe Bitcoin will get the new highs, but I think it’s kind of inevitable, because if Ray Dalio, right, his macro-economic cycles, when he described how like, huge Empires was built and destroyed. And basically, the US Empire is kind of the same, it’s losing its domination to China’s, and it will happen of course, I’m not sure when I’m not sure if this is going to be in the near future, at least within like, I don’t know the future. I know that it should happen. Like, you know, because like all the indicators, I see all the all the knowledge I did acquire during my lifetime. All that says that there should be this event. I’m not sure when it’s going to happen but I’m sure it’s on my lifetime.

Sandi on current market state:

Sandi Bitenc: 33:45

I am not 100% sure that I agree. So, if you would ask me a year ago or maybe and half a year ago with say, Yeah, you’re probably right but you know, lately there’s a lot of weaknesses showing up in China’s economy where all the bank runs the bank runs are really bad there. And also, the real estate market is dropping so bad, and everyone is actually invested in the real estate market there. So, I think there are also really tough times ahead for China. So, in my opinion before the one takes on as a global currency. I think Bitcoin will become one, I’m more I’m more of the crypto fan. So, this is kind of my opinion. But yeah, it is. It is tough to predict anything right now because I think everyone’s just hiding their weaknesses really well. But, you know, the dollar dominance it cannot go on much longer in that sense, just because else it’ll crush the US economy by itself, right? It’s also not everyone thinks that it’s good for the dollar to go up, the DEX is like going through the roof right now but it’s also bad for their own economy in the US because everything that they’re trying to export is just getting so expensive right now for everyone else. And because we know also for the other countries it’s really bad because the majority of the global debt is us denominated, and everyone is just now paying the high interest rates on the US dollar and the euro. So, everything actually leads to a global financial crisis and that’s not really good.

Mikhail Sitalo: 35:41

Yeah, you’re totally right. I agree.

Are you planning or doing anything positive with your profits such as charity?

Anita Mlakar: 35:44

I’m really enjoying this debate. It’s really good to talk a little bit about the market and how everybody sees it. We have a question coming in from Jo Ga, if you’re planning or doing anything positive with your profits, such as charity?

Mikhail Sitalo: 36:06

Well, first of all we need to get some profits on the market in situation. We’re gonna I don’t know, like at the moment, I cannot tell you, I cannot go like of course, we will do charity, all this stuff because there is a Russian idiom, it’s easy to divide the unkilled animal like when you go on their hunt, and before you can easily like divide what you will do with your profits versus your gain with your whatever it is in the future, but once will happen, it will be different. So, we’ll see of course, I mean, I don’t see an issue in that people have some nice profits, I will absolutely enjoy to giving it to charity.

Anita Mlakar: 37:07

Yes, of course.

Sandi Bitenc: 37:10

We know what you could do you could come in and actually donate some internet connectivity to a school it will just be buying an NFT from us and just sending it to the school directly and they’ll get connected to the internet that’s good form of charity actually.

Mikhail Sitalo: 37:26

Yeah, I mean, that’s the only charity that I can seem I do not like want to just give money to some funds for example right now with this Russian Ukrainian war, open to support Ukrainians not by just sending money to the official requisites of whatever ministry it is but we just buy in line our apparel cars, whatever to a particular people and just give them enough- it’s not never enough but at least something so they can withstand this crazy dictator. Sorry for being politically but I have to say it.

Sandi Bitenc: 38:07

but I think everyone agrees with you there.

Mykhailo on 3air

Anita Mlakar: 38:09

Mykhailo, getting to know the project what do you think about 3air?

Mikhail Sitalo: 38:14

Yeah, I think I see you are amazing like what can I say? And I really liked the stuff that goes also offline. It’s not like fully online as lots of project though that like we have new universe within the online space, but you actually provide like physical value and can provide internet to their people that do not have that. I mean, I totally agree with your phrase in the beginning like you connect the unconnected, its main mission, it’s amazing value to me, I think thing to do. So, I just cheer for your project and wish you all the best with this and I would like to see, not whatever number it is of this physical facilities that spreads the internet but 100,000 times more across the Africa and then to other continents that has this issue.

What are the plans for AlphaGuilty?

Anita Mlakar: 39:18

Thank you very much. Thank you, Mykhailo. What is next for Alpha Guilty and you?

Mikhail Sitalo: 39:27

For me is the Alpha Guilty so we are building new chains. So of course, we have to be a multi chain launcher at this moment of time, not like fully Ethereum or Binance or whatever it is because so lots of cool projects launching on different chain. So, we are all Ether in base compatible at the moment. So, we can launch projects on any of the chains we are working. We have also incorporated Solana, NFT launches we are working at the moment of we’re talking launches on Solana chain the near than whatever chain it is at the moment like Cosmos, Avalanche, Ethereum based Minima, whatever chain it is that people are interested in we will be adding that. We will be working on Alpha loyalty to onboard as many projects as we can to secure our place in the market with the product as well. We will be working on crypto conferences because we see the issue of people who do not know much in the industry and it’s always nice to connect with new people and to hear some new things, some new thoughts. So yeah, that’s our kind of current milestones that we’ll be hitting and in the long run. I think we’ll also be incorporating marketplace on our platform, some smart reminder we will add, where people can put reminders on important things in their industry and we also have to put that into the list of the major events in the industry. Yeah, so lots of plans actually.

Anita Mlakar: 41:20

okay, you are very proud of your loyalty program, right?

Mikhail Sitalo: 41:23

Yeah, I think we are best on the market with this because nobody actually like maybe somebody does this but at least not the Gleam.io does not do it and we are advanced with more tools and with tool that can measure the impact but not to compare but yeah, you will see yourself in the market.

Where can people find you?

Anita Mlakar: 41:58

Okay, you said that if someone has a good project, they could contact you, they could find you. Where can we find you? Are there any events coming up? Will you be at some event maybe?

Mikhail Sitalo: 42:09

Yeah, I’m regularly going to some crypto conferences. So, the next one I think I’ll go to Solana’s Hacker House in Lisbon. But don’t wait for that window. I think I don’t know where I can put my contact or is it under the description or whatever, you can open always www.alphaguilty.io There will be a contact email and we will be fast responsive on that thing. So, there’s basically like you can open our website there will be links to social medias all of that you can, but I think email will be easier like there will be a form but basically on the left bottom side, you can leave your email or inquiry whatever it is you can upload your pitch deck and we’ll get to see.

Mykhailo on his private life:

Anita Mlakar: 43:07

Okay, Does Mykhailo have a private life?

Mikhail Sitalo: 43:12

Yes, I do of course. Work life balance, I have to maintain but in the bear market it’s not that hard.

Anita Mlakar: 43:21

Okay, so you do other things then you know being just in business.

Mikhail Sitalo: 43:29

By the way I mean with the team, every weekend we go like go kart playing on cars in case like I’m not sure what was English word correct for that, karting on rental boat to go on the river or something like that. So, team building events is always there on the weekends. And yeah, of course we enjoy this life as much as we can. I mean up to the situation but try to do our best.

Anita Mlakar: 44:02

Team building is important, right? and taking care of ourselves at the end. It’s very important thing.

Mikhail Sitalo: 44:09

Yeah. Exactly!

Anita Mlakar: 44:11

Well, thank you very much. Mykhailo for taking time and being with us today. I know you have a busy schedule, of course but you took some time to be in this AMA. Thank you very much.

Mikhail Sitalo: 44:23

It was pleasure. Thank you, guys. I wish you a great weekend. It’s not weekend but soon. And yeah, was pleasure and bye. Thank you, guys, again.

Sandi Bitenc: 44:39

Thank you.

Anita Mlakar: 44:39

Bye.

Ruba Aramouny: 44:39

Bye.

Sandi Bitenc: 44:40

Looking forward to working together with Alpha Guilty.

Mikhail Sitalo: 44:44

Likewise.

Anita Mlakar: 44:47

Thanks. Bye. Well, as you see I have some sun coming in and I have like you see a mark.

Ruba Aramouny: 44:56

Yes.

Sandi Bitenc: 44:58

It looks like the light when at the dentist.

Ruba on marketing update:

Anita Mlakar: 45:04

Yeah, it looks like that maybe I am at the dentist. I’m just kidding, it’s my light. It’s my light, that’s usually helping me to see me better. But right now, I have a sun. It’s natural light, it’s much better. Okay, so it’s just the three of us now, of course with our participants, you’re welcome to ask questions. We do gave a short update about what is going on right now. Sandi, we were already talking about the market and a little bit about after launch situation. Ruba, how is everything that your field?

Ruba Aramouny: 45:40

Everything’s good. I would say, on the marketing side, were still seeing that even though we had the launch. And we did a lot of marketing and outreach. No matter what you do right now, the market doesn’t respond how you want it to as a crypto project, it’s a bit difficult. But so, what we’re planning now is to have a heavy product focus. That’s what most crypto projects are doing right now really showing that we’re building, we’re improving the product, we’re improving the reach, we’re growing the community and we’re ready for whenever the bull cycle starts again. And so, if you look at what’s next, we’re going to do a lot of product marketing. We also recently introduced a few weeks ago, the concept of connectivity, NFTs and device, NFTs. And that’s really catching a lot of people’s attention because it gives NFTs a real-world utility that not a lot of projects can give. So, it’s quite exciting to see how people react, for example, in November, there’s also an NFT NG event happening in Nigeria. And they’re also really interested in showcasing connectivity NFTs from 3air as a utility for NFTs. So, it’s quite exciting to see.

47:11

Then we’re also working on the product side on what Sandi mentioned earlier, which is buying an NF T on three year and sending that to school to grant them internet access. And you getting an NFT for that. So, it’s going to be really exciting and also have a social aspect. And at the same time, you are buying NFTs you get ownership, you’re doing good at the same time. So, it’s very cool. So, I would say it’s going well, it’s just that the market and the token prices don’t necessarily reflect everything we’re doing.

What’s next for 3air?

Anita Mlakar: 47:52

Yes, there’s a lot going on. NFTs, some are saying that the NFTs are the future, and three of us really doing a great job with them. Sandi, what are your plans, what will be happening? You are very active also in our community and our channels, answering the questions, there are a lot of questions coming in, of course, what is going on? What will be going on?

Sandi Bitenc: 48:17

it is a critical time and we do understand this and there are a lot of questions. And I just want to tell everyone that we are here, we’re not going anywhere, it would be stupid for us to just leave everything and go away, we’ve put so much effort in and there’s still so much work to do. And we knew that since from the beginning and so we’re here to stay for the long run, that’s the thing, and you need to understand that 3air is a long-term project. It’s not just like your everyday project, there’s NFT project every day that comes out and people are just catching them, you know, hopefully, when they pump and that’s it then afterwards, but we are doing it differently. So, we are expecting to connect millions of people and those people will create a lot of demand for our tokens once we come out with the NFT that we have a lot of demand for the NFTs and especially for the access point notes.

Ruba Aramouny: 49:19

Right, it’s Forbes Monaco Metaverse gala on October 10th.

Sandi Bitenc: 49:19

So once the access point notes are coming out, I think that’s when the magic will start happening inside 3air. So that’s our, let’s say main product that we are looking for, that’s not yet out. But once it is, it will create demand for the token that’s for sure. There’s really a lot in the pipeline coming. Also in regards to some high-level partnerships. Let’s see, hopefully this will be out pretty soon. Also, we’ll be updating you soon. You know with some on ground information from our new countries, let’s say it like this, we’re not going away we are. We’re even committed to even work harder. So, and for myself, I’ll be staying here in Slovenia till Tuesday. So next Wednesday are already beyond on my way to Monaco. So, I’ll be on the AMA signing in somewhere on the way. I’m already used to it, right? Anita, we’ve done crazy AMAs in the recent months. So, I’ll be just tuning in somewhere along the way. So, there is an event that I’ll be a speaker and it’s going to be a Forbes Monaco event on the 10th. I think it’s on the 10th, right Ruba?

49:52

Yeah, so I think that’s going to be a huge one and a bit different one, at least, you know, different people to meet because everything else right now, I think the most part where you go to some crypto events, you always meet the same people, and it’s getting a bit boring already. Switzerland was interesting because there were more the institutional side that I haven’t met yet. And now Monaco, I think it’s going to be quite interesting to meet new people there. And then going to Liechtenstein just afterwards on 13th. I think there’ll be also some high-level meetings there. And then just after that you see, you know, I know where I need to be, and I know at least.

Ruba Aramouny: 51:47

I know the names of events. So that’s CCA TOKEN Summit.

Sandi Bitenc: 51:52

Then I’m flying back on the 18th. On the 18th there’s the Future Innovation Summit in Dubai, there are so many things going on in Dubai. So, I will be a speaker there also in Dubai. And then just after that we’re at as it looks like so we’re finalizing things. And we’ll be in Malta on the IBC Malta in November, and there’ll be a bit bigger team present there will probably have a booth there and be part of a few different panels and so on. So, let’s see, we just need to finalize the things there, but it looks like it will be on the AIBC.

When are the NFTs in your market get use?

Anita Mlakar: 52:37

Wow! I’m actually getting a little sun blinded, the most important thing is that you see me but I’m not so sure that I see you. You should see my view, I’m looking directly at the sea. It’s sea in front of me. It’s just amazing. I just wanted to tell you that because I looked up and I said, Oh my god, it’s so beautiful. We have sun, and we have the sea. But we also have some questions from our people. So, let’s see the first one, when are the NFTs in your market get use?

Sandi Bitenc: 53:18

So, we’ll do that in two stages. So first, what we’ll do, and this is in final stages of implementation already. So, we’ll set up NFTs to connect some schools. So, we singled out 55 schools in Sierra Leone, and we’ll just put up the NFT is that you’ll be able to buy and send to the schools there. So, this is going to be the phase one. And yeah, you remember that we connected a school recently in Sierra Leone. And that was really a nice experience and I think it’s doing a lot of goods there. So, we do want to connect more schools. And hopefully we’ll be able to do that with your help also. And then the real connectivity NFTs will actually come out that everyone can use it in our range. You know, that’s kind of on the roadmap for q1 next year.

When we change from our stake into BUSD to an NFT? Can we give that for charity?

Anita Mlakar: 54:27

Okay, here’s another question. When can we change from our stake into BUSD to an NFT? Can we give that for charity?

Sandi Bitenc: 54:53

Yes, this is going to be implemented this week. So, we are implementing 3air as a token that you can use to buy NFTs on our marketplace. So, this is going to be, we’re just in the final stages of testing. So, this is going to come out this week, given. So that you will be able to buy with 3air. And yes, you can right now already swap your BUSD, to 3air in our app. So app.3air.io, there’s a swap there. We’re still refining a bit the UX, so the design is going to change just slightly just to make it a bit more intuitive and so on. This is the tweaks that we’re doing. And yeah, as I said, the NFTs, you’ll be able to buy the NFTs with 3air pretty soon this week.

Where can we see the competitions videos?

Anita Mlakar: 55:47

Here’s another question. Where can we see the competition videos? It’s for NFTs?

Sandi Bitenc: 55:57

This one is for Ruba.

Ruba Aramouny: 55:58

Okay. There should be a gallery in the gleam, I can check if that’s not showing anywhere. If not, then we can put it up on our docs pages or blog. But usually, when a gleam competition ends, you should be able to see the gallery, but we can check and make sure if you’re interested in seeing the videos.

When is the next base station going to be built and where?

Anita Mlakar: 56:22

Okay, let’s answer the last one. When is the next base station going to be built and where?

Sandi Bitenc: 56:30

Yes, so the base station, the next base station is planned for DRC in Kinshasa. And this is going to be operational in q2 next year. So, like it’s fully built out and already being able to connect to the users.

Anita Mlakar: 56:49

Okay, that was the last question. We’re actually pretty close to the ending of this AMA.

Sandi Bitenc: 56:57

We are over one hour today, it’s incredible.

Ruba Aramouny: 57:02

Yes, I can add something. So, I want to encourage our community to go to Coin Market Cap and Coin Gecko and add 3air to your watch list or add it to your likes. Put a like on it, you can just start typing in the search bar. Now you can type in 3air, and you’ll see the project and it’ll help us get more reach on Coin Market Cap and Coin Gecko. It’s really good and we’re filling up those profiles. Over the weeks, some things take a bit of time they need to do manual checks on Coin Gecko as well. But yeah, it’s a great help to the community and at the same time you have it on your watch list. So yeah, feel free to go ahead and do that.

Anita Mlakar: 57:50

Thank you, Ruba. It was actually a nice AMA again, I always enjoy being with you. And Sandi we are close to a year of our AMA, are you aware of that? Yes, you are.

Sandi Bitenc: 58:05

I am exactly but I don’t know exactly. I think it’s a month, so I think four more or something like that. Fifth one will be already over a year, right?

Ruba Aramouny: 58:17

Wow, it’s gonna be your anniversary. We’re gonna make an anniversary edition.

Sandi Bitenc: 58:26

We’ll have a Champagne and everything.

Ruba Aramouny: 58:30

Yeah.

Sandi Bitenc: 58:32

And a Cake and I’ll be in Dubai by then.

Anita Mlakar: 58:35

You will be and it will be a special edition.

Sandi Bitenc: 58:39

I might be actually already in Malta.

Anita Mlakar: 58:44

Okay, Ruba will tell you where you will make any plans, please by yourself. Okay, thank you guys again for all the answers, explanations, information. We will be of course in our channels, be with us on Discord, on Telegram, on Twitter, do subscribe to this YouTube channel in order to follow us every time we go live. Because we are having a great time here. So, thank you very much for being with us. Someone wrote, AMAverwsay, yeah it is. Yeah, I think it’s 27th of October, but I’m not sure it’s here around. So yeah, Sandi we will be celebrating. Okay, have a great time. I will go and enjoy this sun and the sea in the next hours before it rains and we’ll be back next Wednesday, right?

Sandi Bitenc: 59:41

Yes, absolutely.

Anita Mlakar: 59:43

Thank you. Have a nice time. Bye to everyone.

Ruba Aramouny: 59:47

Thanks everyone. Bye.

Sandi Bitenc: 59:48

Bye.


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3air is the world's first blockchain platform that helps individuals and businesses thrive on WEB3 with broadband internet. We're on a mission to bring blockchain and banking to the next billion.

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