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3air Weekly AMA, October 19, 2022 - Liquidity Pool & 3AIR Updates with Sandi Bitenc CEO
AMAs & Spaces

3air Weekly AMA, October 19, 2022 - Liquidity Pool & 3AIR Updates with Sandi Bitenc CEO

Table Of Contents

01
Introduction:
02
Team joins the AMA:
03
Info on the new article:
04
What can we expect in coming week?
05
Marketing Update:
06
Any updates from the work on the ground in Sierra Leone, Ethiopia?
07
Market update:
08
AMA Anniversary:
09
Liquidity Pool Info:
10
How many wallets are approximately staking at this moment?
11
What's the progress in expanding the network on ground in Africa?
12
Teambuilding:
13
Important information for the community:
14
Ruba on 3air Twitter Space:
15
​How many tokens are going to be released on 22nd of October?

This is a transcript from our weekly YouTube live AMA:

SPEAKERS: Anita Mlakar, Sandi Bitenc and Ruba Aramouny.

About AMA: In today’s AMA we are here to answer your most burning questions about 3air’s new liquidity pool and explore the recent updates at 3air.

AMA Duration: 49:13

Introduction:

Anita Mlakar: 00:21

Hello dear members of our community, 3air’s community and welcome to 3air’s AMA. Anita Mlakar is my name. And Wednesday is a special day for us also for you because this is the opportunity for you to ask questions. And Sandi Bitenc, CEO of 3air will be here with us today as always. Also, Ruba Aramouny that will be answering your questions. And of course, you can use the opportunity to write some comments. In the meantime, you can subscribe to our YouTube channel if you’re not subscribed yet. And of course, I’m inviting you to be a part of our communities. We are on Twitter, on Telegram and on Discord. And we will invite Sandi and Ruba in, very soon.

01:07

First, I will do a little introduction of our project. If you are new with us today, then of course you will find out something new, learn something new, others will hear it again and there’s nothing wrong with that.

01:20

So 3air is the world’s first blockchain platform that enables individuals and businesses to thrive on Web3 by providing broadband internet connectivity. 3 billion people cannot access blockchain services because they are not connected to the internet. And we use proprietary technology to build broadband infrastructure where others have failed. We are trying to connect the unconnected we are trying to bank the unbanked and we are connecting people of Africa to Internet. We are doing that with two technologies. One is K3 Last Mile Solution and other is 3air internet. Once this happens, people will get digital identity from us where they can store everything. Of course, they can identify themselves with it. And we also create the digital bank account. We are giving them a wallet.

02:18

The next step is providing financial services. We have Fiat onboarding and off boarding ramp and peer to peer crash crypto onboarding. We have DeFi. And we are working on micro loans and yield farming. Our outside partners will provide additional digital revenue streams. And in the meantime, all this time, we are educating people and that is the real empowerment. And once we put people through all those steps, they’re connected, they’re banked, and they’re empowered. And this is what we’re doing. This is what 3air is doing. We will be talking about it also today. And so, I would like first to invite Sandi Bitenc, CEO of 3air to be with us.

Team joins the AMA:

Anita Mlakar: 02:59

Sandi, hello and welcome.

Sandi Bitenc: 03:01

Hello Anita. Hi 3air fam.

Anita Mlakar: 03:04

Hi, and Ruba Aramouny, our head of marketing is also with us.

Anita Mlakar: 03:09

Hey, Ruba.

Ruba Aramouny: 03:10

Hi everyone. Nice to be here.

Anita Mlakar: 03:13

It is nice to have you here. Both of you. I see you’re doing fine, smiling, having a good day.

Ruba Aramouny: 03:20

Always.

Sandi Bitenc: 03:21

Yeah, absolutely.

Anita Mlakar: 03:24

That is the right answer. Great. So, we will be talking about 3air today, a little bit what is going on, of course around the marketing and Sandi, we have some news, also some updates, as always. And of course, I would like to invite everyone who’s with us today to ask questions, because we are here to answer them. So maybe for starters. Ruba, you are in Amsterdam. Where are you?

Ruba Aramouny: 03:53

In Belgium.

Anita Mlakar: 03:56

In Belgium, yeah. And Sandi, where are you this time?

Sandi Bitenc: 04:01

I’m in Dubai. I am back home.

Anita Mlakar: 04:06

Home sweet home, right?

Sandi Bitenc: 04:07

Well, I don’t know where my home is right now to be honest. I feel like home in Dubai. This is it. I have not been really here since May/June.

Anita Mlakar: 04:22

So, what’s new there?

Sandi Bitenc: 04:25

Yeah, it’s funny. There’s a lot of new here. If you go away for three, four months, you’ll probably find a new building here or something like that. You’re driving the same road and you’re like, that wasn’t there before. And there’s something new there and it’s really amazing.

Anita Mlakar: 04:48

Well, I can assure you this is not happening in Slovenia. If they are building something then I come after five years and I’m saying oh, they’re still building it.

Sandi Bitenc: 04:58

I you saw a lot of new constructions going on, so you know the roads are all good and that was quite new when I was in Slovenia.

Anita Mlakar: 05:11

Really?

Sandi Bitenc: 05:12

Yeah.

Anita Mlakar: 05:14

Good to know. I will look for them. No, I’m just kidding. A lot is happening also here with us but not so quick. I have to admit that.

Sandi Bitenc: 05:23

They are hard to really get finished.

Anita Mlakar: 05:26

Yeah. So, Ruba, how is everything with you, the same as in Slovenia or in Dubai?

Ruba Aramouny: 05:35

I would say I’m actually surprised that you’re saying Slovenia has so many construction sites because I feel like in Belgium, the roads, they are just constantly under construction, no matter where you go. But it’s not like they get done fast in Dubai. You know, it’s something new everywhere here. It’s just constantly at the same places and it just never gets done. So yeah.

Anita Mlakar: 06:05

Yeah, I can imagine that.

Ruba Aramouny: 06:08

Yeah.

Sandi Bitenc: 06:09

When I was in Slovenia, I went for a conference on Blitz and it’s maybe an hour and a half, maybe two hours’ drive. I was driving back I think almost five hours.

Ruba Aramouny: 06:26

You have been doing a lot of travelling Sandi.

Sandi Bitenc: 06:29

I did. And there’s still a lot of plane tickets booked already.

Anita Mlakar: 06:38

Do you have some discounts like coupons or something, you know, a card, you are a special guest I think on most planes?

Sandi Bitenc: 06:53

Probably, I’m still not such a frequent flyer because I think that the real frequent fliers, they fly every week. So, but I’m kind of progressing slowly. I’m mostly flying with Emirates now if I can. But there’s also, you know, Emirates not flying everywhere. So, when I went to Africa, and then inside Africa, then you have another agency and in Europe, I was flying with Swiss Air. So, if you don’t really fly with one, you don’t get all the benefits, but I did get one rank up. So that’s nice. Still didn’t get any free upgrades, though.

Info on the new article:

Anita Mlakar: 07:37

Okay, it will happen. Sandi, we will not start with a market update today. Let’s start with something else. We have some news, there’s a new article out about DID (Digital Identities). And we should be talking about that a little bit.

Sandi Bitenc: 07:57

Yeah, I mentioned that one, I think last week, and I was writing it on the plane, I thought it will be a short article just to explain a bit and then I would just add it and then in the end, it was five pages or something like that, I think so, we split it up into four parts. So, the first part is out.

08:19

I think it will go deep enough to understand what the digital identities are all about. And explain a bit the terminology because a digital identity can mean a lot of stuff. Digital identity can already, not can be it is already a certificate that you get that you can use to maybe login to some governmental websites and so on. So most digital identities right now are represented as some certificates that you could use to log in somewhere. And I think every one of us kind of was already using that in a form. But then we can say also we can take it further. So, a digital entity can also be a decentralized identity. And then we have the DID standard that stands for a decentralized identifier. And then on top of that is built a whole system that allows the user to actually not only identify themselves with like an ID, but also to store some data that’s verifiable and presentable to others in a manner that you can control. So, in a sense, there’s also the term sovereign identity, I think, the most appropriate to actually use on what an identity should be. So, you should be in-charge of it. And you should use should allow people either to access it or present it and be able to select what you actually want to present to them. Because I think we spoke about that already a few times, there is no sense of giving all your information out for something that is as trivial as proving that you’re of age because you want to buy, I don’t know, whatever you can buy only if you’re, you know, 18 years or older or something like that. Or if you’re going to go to a nightclub or anything like that. There is, you know, nobody needs to know even your name, why should they know your name? So, this is what sovereign identities actually allow us.

10:44

I think your there is a huge future for sovereign identities, but they need to be done right. And this is what I’m going into in those articles, exactly how they should be done and why and how they should not be done. Because there is a strong push right now from the governments. They want to do digital identities, absolutely, but they want to control them. And digital identities can be all about freedom, and they can be you know nothing about freedom, they can be all about control. And I think we should be wary about that. And we should take care of that how the digital identities will be implemented should serve us as users, as citizens and not the government’s to control us.

What can we expect in coming week?

Anita Mlakar: 11:31

Yeah, I do like the subtitle. Are they necessary evil or really useful? Yeah, smart. Sandi, we have a question from Ibrar. Let’s give them opportunity to ask, what’s the update what we can expect in coming week?

Ruba Aramouny: 11:56

We’re gonna do a 10x. And you’re going to get in at a certain price point, which we’ll announce right now. And yeah.

Sandi Bitenc: 12:07

Go Ruba, go.

Ruba Aramouny: 12:08

Yeah, exactly.

Anita Mlakar: 12:11

She exploded like you know, Woah!

Ruba Aramouny: 12:15

people are expecting this plan.

Sandi Bitenc: 12:22

Well, the plan is to grow, the plan is to develop and implement, what we set out to do, there are some plans that are starting to grow bigger than our initial idea was so and we’re pulling some funds together for that, and bringing over potentially some good new people, a really good team. So, if we can get funding for that part, I think we might go a bit at another level that we started off so not only present in Africa, but actually going global. So that’s kind of thing that is on the strategic part. And of course, you know, when we talking strategic things, they do take some time and about the current developments. There is a lot going on. The thing is, you know, it’s really hard to say this is coming and this is coming and then maybe it gets pushed for a week or something like that. So, I will not say what’s coming I just, I know that some stuff is coming. And so, what I’m looking forward is a really good partnership. Potentially, hopefully next week, I think it could be done but yeah, I’m not saying it just because I can’t say it but hopefully, we’ll see a probably one of the coolest partnerships there we’re in the crypto space.

Anita Mlakar: 14:07

Always a mystery Sandi.

Sandi Bitenc: 14:09

I would like to say but I can’t, I’m not allowed to and when then this questions come. It’s hard to stay quiet but it needs to happen. And then when it happens, it will be good.

Anita Mlakar: 14:28

The last thing we want you on AMA is to be quiet. Okay, Ruba, I just need to know something. Why are you in such a good mood today? You really are.

Ruba Aramouny: 14:42

I am. I don’t know.

Anita Mlakar: 14:45

I feel like we’re all in a good mood all the time, but I just feel this energy, you know?

Ruba Aramouny: 14:52

Thank you. It’s because I’m sitting here with you and the amazing community.

Anita Mlakar: 15:00

Yeah, this is the right answer, Ruba.

Marketing Update:

Anita Mlakar: 15:03

Ruba, what is happening on the marketing view?

Ruba Aramouny: 15:07

So, on the marketing view, it’s probably things that you already saw happening. So, we launched a new way of announcing our weekly updates. So instead of just having them on social, you also have them in a weekly blog post now, where you can see marketing and community updates and product updates, like development side. And I think we can also still improve this with maybe some information about the token trading volumes and things. But first, we need to make sure that everything that we see on the different platforms is actually correct. And then we can also include those types of data in those articles. And then we have the interesting series about digital identities that is going to be released from Sandi, we are being mentioned on other outlets as well. So organic mentions in different articles, which is nice, because it means we’re getting picked up on different media. And I also saw that there was requests in the community for shareable content, so that the community members could share certain things. So, we’re also working on that, our own internal communication templates, because then we cannot endorse everything that everybody posts. So, we have to see how we can make that happen.

Anita Mlakar: 16:43

Okay, you were mentioning community, we do have a great community. And we have a great community and people are actually noticing that and they’re writing about it all the time. What a great community and things like that. And it really is a special feeling when I’m reading this, and I’m sure also for both of you.

Ruba Aramouny: 17:05

Yeah, it’s really great. And it’s also nice to see that so many people are wondering, you know, when is it? what is happening? what’s the next steps and things because they want to, at the same time, it adds some pressure because as the team, you also want things to go faster, better and more, yeah, bigger, more in shorter periods of time. But I think that everybody’s there for the long game.

17:34

What’s also really interesting to know, as another update, we connected another school last week, we haven’t published it yet, because we’re waiting for all the details. But we can already say that we connected another school last week. And you’re gonna get more details about that and also pictures and videos.

Sandi Bitenc: 17:53

Yeah, that was actually a school, it’s an orphanage school in the rural areas of Sierra Leone. They never had internet. And right now, we’re also looking into solutions to provide them with some hardware. So, if any one of you has a spare laptop, or an old one that you don’t need anymore, I’m pretty sure it needs to be working right. Then it would be really awesome if you can send it to our offices in Sierra Leone, and we’ll gladly post it and get it to the school. They are in need of computers also. So now they have internet, they have some smartphones, they are still lacking computers. And there’s a 500 students, children in that school. So, if you want to help, that’s also a way you can help.

Anita Mlakar: 18:52

That would be a great gesture from people. We all have some laptops at home that we’re not using anymore, and it’s a really great.

Sandi Bitenc: 19:04

We will give you an NFT, one of our NFTs, if you’re an if you send a laptop to school, we will give you an NFT.

Any updates from the work on the ground in Sierra Leone, Ethiopia?

Anita Mlakar: 19:15

Nice. Sandi, Richard is asking, any updates from the work on the ground in Sierra Leone Ethiopia pictures or videos because he’s always suggesting that we should do some filming and some videos.

Sandi Bitenc: 19:29

Yeah, we didn’t post any videos recently from Sierra Leone, but I think I can get some current ones because the team is actually in Sierra Leone right now. So, what we did post is quite a lot of pictures and videos from the schools that we connected in Sierra Leone. So, Sierra Leone, what’s really new there is actually that we’re working on school connectivity is everything else is more or less going the normal routes, normal operations are resuming there. And Ethiopia, there is a development but not on ground development. We have been working, you know, our advisors there. So, we are working on some MO use there and so on. So, let’s see. This is also some of the updates that might be coming soon. That’s all in the works. But the major things that’s happening right now with new countries is actually DRC. So, Congo, and I think pictures and videos from that site. Let’s see, hopefully, in a couple of weeks, three weeks, something like that. We’ll be able to post some nice pictures from there.

Market update:

Anita Mlakar: 20:51

Thanks, Sandi. Now, will you give us the market update?

Sandi Bitenc: 20:59

Yeah, sure. So not really a lot happening this week. Just things are progressing in the same direction, I would say in the wrong direction. Although I mentioned last week that right now, bad news is in a sense, becoming good news. Just because, we need the FED to pivot for the markets to turn. I think we are right now. Almost a year in the fearful state. I think it started end of November. So, it’s 11 months, something like that. We are in a bear market. And yeah, you remember the fear and greed index. I don’t think that we’ve ever been so long in like really fear of the market. And the things are just not looking to get better to be honest. So, there is no end of the war. There is a lot of talks right now that potentially China might really invade Taiwan. So, this is for sure not what we want for anyone. not for Taiwan and for sure, also not for any of the markets, because that will drag us down a lot. So, it’s not that we could not fall for further down. I do think that we are hitting the bottom, in a sense. But you know, if we get a Black swan event, something like another war, we will for sure go lower than this.

22:47

Then what’s happening is, I think that the FED was actually sending some bailouts to Credit Suisse. And I think it was a bit over $6 billion worth, the UK was literally announcing what they’re doing on the open market with buying back their bonds and so on. So that’s something that’s unheard of because it’s just invites more speculators to shoot through it. And but the markets are really crazy. I don’t remember any time in the past, having such experiences as this. Central banks failing, big banks failing.

23:34

I was talking with some friends from Ethiopia. Ethiopia right now has ban on most of the imports. So, they cannot import cars, they cannot import bicycles. They cannot even import the canned food. And it’s just because they need the dollars to pay back the debt, the governmental debt because the majority of the world has their debt denominated in the dollar. And right now, the dollar is skyrocketing. Every other currencies are just failing against the dollar. And the interest rates are getting higher. This also means that you need to pay a higher rate on your governmental debt. So, this means that the governments are getting more trouble to pay it the national debt is raised rising because of that. And it won’t take long that the governments actually start defaulting on their debt. When we have so many countries failing and going bankrupt, this could lead to a lot of problems. And actually, the UN was posting a tweet, a public tweet asking the FED to stop raising interest rates because they’re breaking the third world countries like the emerging economies are literally breaking apart because of that. And not only the emerging economies also the economies that we know, we talked about the Central Bank of Australia going illiquid, then UK had really big problems, the Swiss, Germany, and Italy, I think Italy is in a really bad situation right now.

25:24

So, everything is falling apart, hopefully, before things really fall apart, the FED will stop raising rates and pivot a bit. So, then things can go a bit back to normal. But I don’t think that will be a long-term solution to be honest, I think this is just postponing the inevitable. And I do think we are going into the great reset as, as it’s called. I don’t know if it’s getting pushed right now or not. But I’m pretty sure it’s coming. I don’t see a way out of the current economic situation.

Anita Mlakar: 26:04

Well, I don’t know about you, but I don’t like the world right now, I have to tell you.

Ruba Aramouny: 26:09

if we’re going into the Great Reset, everything’s going to plan.

Sandi Bitenc: 26:12

Kind of, I think there is a strong push for the CBDCs. I don’t see that happening right now because CBDCs are not ready yet. I think they’re around two years out. And so, we need to not break the whole economy before we can go to the CBDCs. So, I do think the FED will pivot and we’ll get another leg up some money printing again, bailing out, and so on. So, but after that, it might be a bit of a longer reset or something like that. But let’s see how this goes. And I don’t like the big reset idea to be honest. There’s too much strings being pulled from the governments and from the people in power.

27:10

In the past, whenever we got some reset or something like that or change of a system, we actually ended at a better system. I’m pretty sure that people at that point, at that stage, we’re actually thinking about the same that it cannot go better, it’s going to get worse. And I do think you know, if the great recession comes and you’ll own nothing and be happy. I don’t think this is a good premise, to be honest to go with. Like you never know, right?

Ruba Aramouny: 27:41

We probably shouldn’t say that.

Sandi Bitenc: 27:49

We’ll get banned.

Ruba Aramouny: 27:51

Exactly.

Sandi Bitenc: 27:53

The World Economic Forum is just pushing, it’s funny, they’re laying it out in front of us, we’ll do this and this and this, and people just don’t care.

Ruba Aramouny: 28:05

But I think what helps in all of that is trying to look at what is constant like holding on to your own constants, because there are things that we can anyway not change, that are in the hands of big powers, and we cannot change. I mean, most of us cannot change, you know, the price outcomes and things like that. And then just focusing on what’s constant and what we can affect and have an impact on in our day to day, because otherwise, if you just read the news, it’s like horrible right now, like you can just freak out all day.

Sandi Bitenc: 28:41

Yeah, that’s true, but it’s also the mentality that you cannot change anything is then nobody actually tries. And if nobody tries, nothing will change. So, you know, it starts with one person and then with two person and you know, then with a bigger community, and then the masses can move things around. But if an individual is not ready to do it to make the change, then we’re stuck. That’s for sure. And it is hard, for sure. I think crypto might be the solution there because it is you know Sovereign Money you are in control of it. And if enough people opt in and I do see people jumping on to crypto although it doesn’t seem like it right now. But what happened in in UK when once they had really big problems, you know, the inflows into bitcoin went up. They went up actually. So, I think that the economy is when they are failing. They’re looking for new solutions. And I do think that when people look into Bitcoin and blockchain technology deep enough, I think they see the value there. And once they see the value there, there is no going back, I think once you’re in crypto, there is no going back. And it is all about the masses.

30:08

So, if we get the critical mass of people, everyone will need to accept it in the end. For sure, there are some problems that come with it. And the majority of the problems is that nobody is regulating it. But that’s also the beauty of it. Because, you know, regulation, in a sense, it’s a good thing. It’s a good thing, if you can enforce something it’s just the problem that people tend to abuse power, always. That’s the big issue but if we then have nobody in power, actually, then the problem is when people still tend to do some shady stuff, and scam and steal and do criminal things. And the enforcement then is a problem. So, it’s always weighing what’s the bigger evil.

Ruba Aramouny: 30:57

I also agree like what you said about, the more of those, the current countries where the critical masses are the with a lot of money to invest in crypto, the more those countries’ economies will go bad, the more they will probably turn to crypto, because if you look at the highest crypto adoption rates, it’s in countries, it’s many in Africa, and also in Asia. And it’s in places where the trust in the general market and the economy is already low. Trust in the government is low. The currencies are not very strong compared to the dollar. So, it looks like those are the conditions that actually favorite crypto adoption because people just look for a way out of the current system and open themselves up to other options.

Anita Mlakar: 31:51

The very important thing here is educating people you know, because I’m just amazed sometimes how many people not only are they’re not aware or not active in crypto world, but they have no idea about it. Like, what is that and we are not trusting that they’re always, you know, staying away from something that they’re not familiar with. And if they get the education, if they know more about it, then I’m sure we can talk about masses. And like you said something Sandi, that is critical. Mass comes in, and we can do the change. So yeah, it’s really interesting right now, a lot is happening. Also, if we look a little around us, it’s happening, and we’ll see what it brings.

Sandi Bitenc: 32:42

We’ll see, it’s not easy times. It’s not easy times for sure. I think everyone feels a bit of pressure right now. Wherever you are, it’s not been easy. Maybe, maybe the last 10 years were kind of easier after 2010 When things started picking up. I think, those times were really nice up until now. But now the pressure is felt everywhere, actually.

AMA Anniversary:

Anita Mlakar: 33:16

Yes, I just remembered something. And Jo Ga is writing in a comment. And I was thinking oh my god, did we forget about this or what? Because look what he’s saying. Four days until the first-year anniversary of Sandi’s legendary whiteboard video that convinced me to invest in 3air.

Sandi Bitenc: 33:44

Wow, that’s in four days already.

Anita Mlakar: 33:49

Is it and of course we’re talking then again about our first AMA, did we say it was the 27th of October? I’m not sure but we are close. I think we have to check.

Sandi Bitenc: 34:06

Yeah, so next week will be almost like anniversary. Yes, I guess.

Ruba Aramouny: 34:12

AMA-versary?

Sandi Bitenc: 34:12

AMA-versary, yes.

Anita Mlakar: 34:15

AMA-versary. Whoa! this is special yeah, really and we said Sandi that we will celebrate that in a way, and it will be a special AMA.

Sandi Bitenc: 34:29

Yeah, we’ll do that. Ruba will think of something, right?

Ruba Aramouny: 34:35

Yeah.

Anita Mlakar: 34:40

Ruba, we did good. We are here every Wednesday for the one year.

Ruba Aramouny: 34:47

Crazy!

Sandi Bitenc: 34:49

Exactly. So, you will be the first one missing I guess on the second of November.

Anita Mlakar: 34:57

I am worried it looks that way. But you can never know. Yeah, I think next will be the anniversary saying Jo Ga. Yeah, maybe really. So, we have to do that too. Is there something else we have to point out today?

Sandi Bitenc: 35:17

Ruba has something. Yes!

Liquidity Pool Info:

Ruba Aramouny: 35:19

I was thinking and we could quickly touch on the new liquidity pool that we launched yesterday because we had some questions, and it’s quite big news for the 3air token holders as well.

Sandi Bitenc: 35:33

Yeah, so the liquidity pool, the farm is what’s up new, the liquidity pool is actually already up and running on PancakeSwap since our launch on the 22nd of September. So, on PancakeSwap, you have a liquidity pool, where there’s the trading pair between the 3air token and BUSD. So, when you supply liquidity to that pool, you get back LP tokens. And this LP tokens allow you to earn a fee on all the trades that are happening in the PancakeSwap pool. But then you can also take those LP tokens and stake them in a farm, a liquidity farm. So, in the farm is running on tokens farm and you will be able to earn some additional 3air tokens. So, you will still be earning the fees on the PancakeSwap exchange. But In addition, you’ll be earning some additional 3air tokens on the tokens farm platform. And I think right now the API is still really high I think it’s around 4,000% or something like that. So of course, with time this will go down once more and more people provide liquidity and stake it. So yeah, I think it’s a really good opportunity to create some additional career tokens for yourself.

How many wallets are approximately staking at this moment?

Anita Mlakar: 37:03

Okay, we have another question from Richard, how many wallets are approximately staking at this moment?

Sandi Bitenc: 37:12

I don’t have that info but as there are only 200 and something wallets, I think holding the token right now. There must be at least 400-500 wallets staking, I would say, I don’t even know if we can get that info. Probably there is a way but I’m not really 100% sure because there is no list of wallets that are staking the list is actually in a code that is not accessible so easily. So, you can always check against it if your wallet is inside, but you cannot get the list out. But I can ask Rok if he’s able to retrieve how many are there. But altogether there should be right now. I guess around 900 to 1000 wallets actually holding 3airtokens even either in the vesting contract, staking contract or in the pool, in the PancakeSwap pool or just holding the token.

What’s the progress in expanding the network on ground in Africa?

Anita Mlakar: 38:26

Okay, here’s another question. What’s the progress on expanding the network on ground in Africa?

Sandi Bitenc: 38:33

So, the progress is that we are right now working on this, in DRC. So, DRC should be the next one that’s getting the network expanded. And yeah, well get you updates from that once they happen. So, from our side, the majority of things have been done. And we’re right now waiting for some feedback and some documents so that we can actually start physically building up. so, this is where we are right now. And we’re waiting for all those papers for some time now. And you probably know how it is with governments. so, once we get that we’ll also let you know that work on ground has started.

Teambuilding:

Anita Mlakar: 39:28

Okay, we have answered all the questions from our community. I have another question, Sandi. When will that time come when all the team will get together and celebrate or you know, get to know each other.

Sandi Bitenc: 39:47

Once the token is at $10. I don’t know I haven’t been thinking about that right now but you’re right. We should do it. And I also think that once we do it, we should invite the most, you know, the parts of our community, the people of our community that have stuck with us since the beginning. Like, Richard being on all our AMAs. I think at one point, Richard will be on more AMAs than I will be. He is overtaking you the next week, I’m sure. On the 2nd. So yeah, I think we should also pick a few people from our community and invite them also with us.

Anita Mlakar: 40:41

That will be great!

Ruba Aramouny: 40:44

That’s really nice idea.

Sandi Bitenc: 40:47

I don’t know when we can make that happen. I think it will still need to wait a month or two or something like that. So that I finish my travelling and then yeah, actually my travelling is finishing, at least for now what I have in plan or on Christmas. So, it will need to wait till next year. But early next year, we’ll try to make it happen.

Anita Mlakar: 41:12

Okay, no worries, it’s okay. So, I think we said what we had to say in today’s AMA.

Important information for the community:

Sandi Bitenc: 41:24

Maybe, we can wait because we have just a bit of time.

Anita Mlakar: 41:26

Yes, we do.

Sandi Bitenc: 41:28

I think what’s important than we need to really say probably on every AMA, just be careful. Stay away from scammers. Just validate things like five times before you give anyone any information. Really, we are seeing people getting scammed, people losing control of their wallets, and so on, you know, we did need your help. One of our early investors actually his wallet got hacked, and then somebody was just claiming his tokens and selling them off. So, we needed to help with that. And for us, it’s really hard to do that. Because we set things up really in a decentralized way. So, we don’t have a control over your tokens. Even if they’re in the vesting, they’re under your wallet control. So, if your wallet gets hacked, it’s really hard and in some cases, it’s impossible for us to actually help you.

42:35

We’re not holding hand over your tokens, because we did it this decentralized way. So, as we think it should be done. This means that once we put it into the vesting contract, we cannot take it back. If we put it there, if it’s bound to your wallet, it will always be bound to your wallet. So just remember that and be careful. There’s a lot of people that are impersonating me, that are impersonating Ruba, that are impersonating Samo, you know, everyone in our community. That’s posting as an admin as at least one impersonator out. So be careful. Go to our Telegram channel, there is a box there where you can validate who is an actual admin. And be careful because what these scammers actually do is they take our usernames, and then they maybe just have a small change that you wouldn’t even notice, if you didn’t look carefully. And just remember, no one from us, from the admin side will ever come to you and contact you directly. If you’ll be contacting us, we’ll probably be replying to you, but nobody will go and contact you directly. If somebody is contacting, you directly. It’s 99% it’s a scammer, or let’s assume 100%.

Ruba Aramouny: 43:53

100%.

Sandi Bitenc: 43:56

Yeah, just assume it’s a scammer. And then come and validate and just ask directly in the group before you give any information. Don’t even talk about anything. Just don’t even reply. First, come to the group, check, tell what’s happening. And then we’ll tell you if it’s a legit or not a legit conversation, but just assume it’s not coming from us. And we cannot control that. It’s impossible for us to control what other people do in Telegram or anywhere else. So yeah, really be careful, be skeptical, just don’t trust anyone.

Ruba Aramouny: 44:34

We had it to the extreme where they actually tried to scam us that it was Sandi. Messaging us, team members, like asking for money and things like that, that he would need really urgently. It was very funny. Yeah, you have to be careful.

Sandi Bitenc: 44:53

Unfortunately, it is funny, but it still works. Don’t trust we’re not doing any air drops. There’s no air drops. We did. We did a few gleam campaigns before, but we’d never did any air drops. So just if they say like 3air air drops, it’s not us. We’re not doing any air drops.

Anita Mlakar: 45:22

I’m just laughing because we have this comment, I’m sorry.

Ruba on 3air Twitter Space:

Ruba Aramouny: 45:25

I couldn’t believe that if that was the message. I also wanted to mention before we go that yesterday, we had a really nice, interesting AMA, Twitter space with Michael Mildenberger from Yeildster. And he is a very good speaker, if you listen to the AMA, to the AMA, I keep saying the AMA. It was very interesting to talk to him. So, they have set up Yeildster, which is like a yield management automation tool. And it’s really well explained how he says that everybody should be using something like yield management. And it’s like having a savings account that kind of works for you in the background all the time. So, but it’s just for anybody who’s interested. We had good attendance, and we even had some like audience questions. And, and yeah, he has a very eloquent way of expressing himself and like lining up thoughts, which I thought it would be worth listening to if you want to listen to something on your drive home or something.

Sandi Bitenc: 46:40

Yeah, I think there was a lot of value there. It was a lot of talk about general investing and other spaces. And what’s coming up. We shared a lot of talks there. So, I do think it’s a good value.

Ruba Aramouny: 46:55

Yeah.

​How many tokens are going to be released on 22nd of October?

Anita Mlakar: 46:57

Okay, thank you, Ruba. We have another question. Maybe we could answer this one, how many tokens are going to be released on 22nd October.

Sandi Bitenc: 47:08

So, there are some releases, but they will not be just on the 22nd like some huge releases, they’ll start gradually, all our releases are coming out gradually. So, there is not like, you know, on a specific date, there’s a huge amount of tokens being released. It’s just building up, you know, day by day, second, by second actually block by block, it’s building up. So yeah, nothing really crazy.

Anita Mlakar: 47:37

Okay.

Sandi Bitenc: 47:39

But there is not an exact number that I can give you because it’s just going to, you know, starting to go up gradually. But there is a graph, if you log into app.3air.io, you’ll be able to see the release graph and you’ll exactly see how many tokens are getting released.

Anita Mlakar: 48:01

Thank you, Sandi. At the end, we have to invite our people, of course, to be a part of our communities on Telegram, on Twitter and on Discord, to subscribe to our YouTube channel, to use the opportunity, of course to ask questions every time we are live, to follow our Twitter spaces, to follow our AMAs and of course, you will get notifications if you are a part of our communities, so that you will know what is going on.

Sandi Bitenc: 48:27

Yeah, and really important. Go to Coin Market Cap and Coin Gecko and vote for us. It’s really important.

Anita Mlakar: 48:36

Thanks. Yes, we have it here. It was another great AMA with Sandi Bitenc and Ruba Aramouny. I really enjoyed it. Thank you for being with us. Thanks all of you for following us and of course for asking questions, to be a part of this AMAs and the next time, it is I think a year around when we are live with you next AMA, next Wednesday, so we will be there for sure. Thank you!

Ruba Aramouny: 49:09

Thanks, everyone.

Sandi Bitenc: 49:10

Bye.

Ruba Aramouny: 49:10

Bye.

Anita Mlakar: 49:11

Have a great Day. 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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