Table of Contents
Intro & Disclaimer
Cats: Hello, everyone. How are we all doing today? I’m your host, Cats. Today, I’m joined by fellow educator, Gandalf. We’d like to welcome you to MoonCast, a SafeMoon Education podcast. I’d like to make everyone aware that this is an educational podcast where we are able to answer the questions of the community. We do not look to make any announcements during this cast unless previously advertised. We are looking to bring education to the front of the SafeMoon Army. Please understand everything you hear today is used as educational content only and not treated as financial advice. You must always look to complete your own due diligence before making any financial decisions. So, without further ado, welcome to MoonCast episode 55.
Cats: Today, we’re going to be joined by one of the new SafeMoon Swap partners, Rare FND. Rare FND is doing some unique and– tackling a side of DeFi that I don’t think it’s been tackled in the way that they’re tackling it, so yeah, it'll be interesting to learn more about exactly what their goals are and where they are looking to take DeFi. How are you doing today, Gandalf?
Gandalf: Well, I’m doing okay how are you Cats, a lot of things have happened today and yeah I’m just looking forward to hearing from Rare FND about their project. Before we start with that I have a reminder because some people just came up to me, Always remember that paying attention to fud and speculation is a thing that we don’t do and we always advise that when you see fud going around due to Twitter or wherever it is– we always advise to just don’t give attention to it because that’s what the people are seeking for especially when they’re just going around and trying to portray the kind of own opinion as it is– everybody can have their own opinion but if you see that people have negative opinion make sure that if you don’t want to see it just don’t give any attention to it. Cats: Most definitely, most definitely. Keep yourself happy, avoid negativity.
7 Rules of SafeMoon
Cats: And I believe that– that fact follows on from the Seven Rules of SafeMoon. Let me get those seven rules of SafeMoon but it’s not seven of SafeMoon it’s more seven rules of life and they pretty much goes as follows really– where have they gone– I’ve got them here.
Rules of SafeMoon/Rules of Life:
Smile. It’ll always work out in the end.
Be kind. You have the power to make people feel good.
Don't give up. If it doesn't work the first time, find another way.
Don't compare. Everyone's on a different journey.
Avoid negativity, avoid negative thoughts, situations, and people.
Make peace with your past. Focus on being present and creating a better future.
Take care of your mind and body. One struggles to survive without the other.
Rare FND Interview
Cats: So, with that being said, today we are joined by Rare FND. Welcome to MoonCast! You are RatOfWallSt or Ryan and you are the CEO? Is that the right title to give you?
Ryan: Yes, CEO and Founder. As you mentioned, my username here is RatOfWallSt so– I used to use Discord quite often actually, before getting into crypto. It was for the purpose of trading stocks and shares; there were some very good channels in Discord for technical analysis and for picking up bulletin boards, notifications, and certain stocks. That’s where the whole RatOfWallSt comes from. It sort of stuck with me.
So there’s a bit of a backstory behind the name of the Rat actually is. It’s a nickname that stuck with me since I first went to high school. I turned up to an English lesson quite late and it was a rather wet and windy day in Wales. It was some twenty-odd years ago when the hairstyle used to be to have lots of hair gel on, flick your fringe up. So yeah, I turned up and my fringe was all over my face and someone remarked that I looked like a drowned rat and the teacher commented, “haha Ratty.” And since then, the nickname Rat stuck with me and brought it all the way through to our project in crypto, where I’ve turned it into an acronym for our project to do with fine arts and antiquities– for the name of the rare antiquities token. So yeah, it has stuck with me ever since– almost twenty-five years now.
Cats: So in terms of the branding and name and such, that all pretty much originated from your childhood, so that’s kind of where the name comes from– cuz that’s something I was going to ask is why a rat over any other in the animal kingdom? That’s quite a cool story to have– at least it’s got some meaning behind it too. Even though it might not seem too crazy or extreme, it’s still a cool way to generate a name and have some meaning behind it, so that’s cool.
So today, we have a few questions for you to kind of learn a bit more about you, the token, and what you’re doing as well as the overall process of becoming a partner with SafeMoon. You’ve kind of already dabbled on the whole backstory of where Rare FND kind of got it’s name but let’s speak more about you as a person and just introduce yourself and any of the team members you have, how many you have, and that sort of thing– just to give a little background on who you are as a token, as a team, and anything like that.
Ryan: Of course! I’ll first talk a little about myself and then the team. I’m primarily from the corporate world. Graduated some many years ago in computer forensics and computer information and security, then went straight into the corporate environment working in the center of London and Liverpool Street for one of the largest insurance firms in the world, working on digital transformation projects in the business analysis capacity. I spent the following 10 years working on a large tech project in the corporate environment in business analysis and project management capacity, before finally putting my degree to some use and moving into the information security space where I implemented ISO 27001 industry practices for tech startups before the lockdowns hit.
I just happened to get into stocks and shares as just– checking my pension one day and saw that somehow my pension was losing money through the trading that the funds were doing on my behalf. I started investigating how I could better invest my pension and then gradually started investing in stocks and shares myself. That turned into swing trading, then day trading, then made a natural transition over to crypto from stocks. I was like “What’s this new and exciting thing doing 3,000% in a day?” And then quite soon after actually, I helped a couple of projects, bringing in my business experience and experience from working on many marketing projects in a project management capacity and helped a couple of tokens with that and then soon after start my own project some 15 months ago that was the Rare Antiquities token– we are due to relaunch that next month. But that was originally– I'll come on to that a bit later maybe.
Ryan: Then the rest of our team– we’ve got Stuart– so Stuart can’t join us today as he’s preparing for our conference tomorrow. We're exhibiting at the Gitex in Dubai, it’s the largest tech expo in the world and within it it has many additional expos. So, it’s one huge expo with lots of smaller expos but each expo inside is bigger than any other expos that you would find in most other places. So, he’s preparing for that for tomorrow. We are going on stage with Dr.Marwan and our metaverse partners Metropolis to make an official announcement and press release about our partnership. Stuart joined about 6 months and I met Stuart when I was preparing the launch event for our NFT marketplace so we had a big launch event in Aura Sky Pool in Dubai and it was quite exclusive but we had the likes of Vitale, the Moon Calls, MM Crypto, DaVinci then lots of high profile individuals in Dubai turned up.
We did something crazy with a piece of art– we had a piece of art worth about $40,000 USD and we turned that into 200 NFTs and distributed that to the 200 people that turned up and that was their ticket for the night but then we threw the piece of art, we pushed a– poured liquid nitrogen over the piece of art and it was supposed to smash and it worked on a trial on a small canvas earlier in the day but then on the night because I don’t know if anyone knows Aura Sky Pool but it’s outdoors so we poured about 20 gallons, or me rather. I poured about 20 gallons of liquid nitrogen over this huge painting and I was hitting it with a hammer and nothing happened so it was rather embarrassing until someone shouted from the crowd “Throw it in the pool!” So we ended up throwing it in the pool and made the headlines in Dubai and it appeared on the MoonCalls stories and Vitale’s stories as a NFT fail to quote.
But I met Stuart around this sort of time and Stuart is a co-founder of a bunch of previous successful crypto products in Dubai and one is by the name EVI.IO and then some other NFT-related projects and his background before that is managing billions in Saudi Arabia wealth funds, managing funds for Middle Eastern family offices and doing a lot around project management of theme parks and attractions around the Middle East.
Then we’ve got our “Professor,” our genius, Jalil. He has a strong background in developing Python solutions in the banking environment domain before joining us and applying his expertise to crypto solutions. Then then we’ve got Maverick, he’s our head of service delivery– he’s the main man running the show on the customer facing side, so on Telegram and social media and also for any email related queries or any tickets that get raised through the platform in relation to any questions people have or any bugs they find things like this.
Then we’ve just, tonight actually, brought on board a new Chief of Strategy who is another high profile name across the whole crypto industry. He has things like exclusivity agreements with the Vatican which we’ll be using on our other project to do with museums and galleries. But he’s a well-known figure worldwide, especially in the venture capital space. Yeah, that’s our team so it’s a really corporate structure that I’ve implemented purely from my background in implementing ISO 27001 so from the start I’ve implemented these security standards and best practices for running an organization– things like having procedures and policies all documented, all available to our employees. It’s better to do it from the start than do it six months down the line when you have an organization of 30, 40, 50 people and you’ve got a six-month project on your hands.
Cats: Amazing so, even though it is all from the business sector and in the financial sector it's still quite a diverse team you've got. It's great to hear that you are ultimately doing the tedious work, shall we say, first which is getting all of your policies and everything in place so that's amazing to hear because you're right in saying that quite a lot of people tend to kind of leave that until last and want the bigger picture and pretty colors on the screen first before anything else so, that's great.
Ryan: Tedious is most definitely the correct word– the other purpose for doing this where it does come in handy is we are incorporated in Dubai so we're under the DMCC which is a free zone so, it's the Dubai Commodities Crypto Center which is one of the only regulatory authorities that gives out crypto related trading licenses.
VARA is another regulatory authority in Dubai that commands the whole of the Middle East in terms of marketing activities. About 3 weeks ago now, they introduced a new law for regulations around marketing of crypto-related assets. So, as part of that we had 2 weeks to basically submit a full internal audit covering the likes of all policies, all anti-money laundering policies, data protection policies, all of your due diligence on your service providers and yeah, the full works. Luckily, I'm in a position where I've got the experience already whereas I'm sure there were many companies that were panicking and consultancy in information security was probably very sought after for that period of the 2 weeks until the deadline.
Cats: Awesome, it's great to hear that you've got a strong foundation and you're doing all of the hard– I keep trying to say it's the hard work because sometimes it's not even the hard work it's just complicated and building that structure first, so that's great to hear.
Let's move on to the token and the project itself and let's just kind of get a bit more of an idea of what the actual product is, the idea, the concept behind the project and token. So, what is Rare FND?
Ryan: Yes, so more and more often we use the term Rare Find, the Rare FND has come from, you find the start up, you fund a startup or charity and then we distribute NFTs once the fundraising campaign has been successful. Then the NFT is fractionalized so it's also FND, but we leave that out as it's rather technical for our target audience.
So in a short overview, Rare FND is the first and only crowdfunding platform that raises funds using a native token. There are some platforms out there that enable the raising of funds using crypto, however they don't use their own token; they enable people to donate or contribute to a startup in Bitcoin or Ethereum. Even if you have Tallycoin– it was made famous due to the Canadian truckers having a GoFundMe page shut down so they moved to Tallycoin where people could donate in Bitcoin.
So, we're the first and only that has a crowdfunding platform that has its own native token to raise funds. The benefit that gives us is a massive incentive for charities and startups to use our platform instead of the likes of Kickstarter or GoFundMe. I don't know if you're aware but the likes of GoFundMe and the other fundraising platforms take up to 5% commission on all funds raised, so if there's a charity raising 1 million dollars then GoFundMe actually takes $50,000 of that which is quite criminal.
Cats: Yes, definitely. I've experienced it myself, I've experienced that platform and it definitely is hard when you think– oh yeah I've reached this goal and they send you the funds and it's like “Oh well I still have to raise another X amount more to be even close to what I actually need.” So yeah, I'm very much aware of what they are doing and in some ways it can be seen as quite a sad tactic. Again, we understand they are a business but I believe as you say that the fees upwards of 5% is ridiculous in certain cases.
Ryan: Yeah, for sure. So you've had experience with this whole process then have you?
Cats: I run a cat rescue from my own home so raising funds is something I've had to do previously and yeah, you think you get one and then they send you the funds and it's not what you expect so you have to learn how much they take. So yeah, it's not great.
Ryan: Yeah, that's amazing actually, what you are doing. We have a cat charity on board here in Dubai. In Dubai, cats are actually seen as pests so they get reported, the Dubai authority comes along and they take the stray cats away to be put down. So there are quite a lot of home cat rescue individuals but there is an actual charity for this as well. You’re in the UK doing this?
Cats: Yes, Northern Ireland.
Ryan: Yeah, cool. Maybe we should catch up after this and I can get you on our platform, but I’ll just explain why you should come onto our platform instead of going on GoFundMe. So, as you’re aware, GoFundMe takes a large fee from the amount raised– the same with Kickstarter. If I’m a startup and I want to raise $20,000 for my new ice cream van business that I want to start up, then I’d actually have to raise $25,000 on Kickstarter. So what we do, through the use of the token, the new technologies that we have in terms of staking and this whole thing around blockchain, it now gives us an ability to provide an incentive to charities and startups to use our platform which means that we don’t need to take a commission or a fee.
We’re currently running a promotion at this time– it is especially important when you’re first starting out as a startup to concentrate on taking profits, so this is where many startups fail; if they try to take profits straight away. So we are registered as a non-profit in the UK and Rare FND is actually part of a much larger organization of multiple companies so we have multiple companies here in Dubai, one of them is the Rare Antiquities token, one of them is the NFT marketplace, that’s the second business here in Dubai, and one of them is a Software House which is doing all the software and development for Rare FND. That’s actually called the Rare Antiquities Token Software Design and they also do development for other companies around the blockchain and metaverse space. So, the benefit of using our platform is– or what we’re doing initially is, we’re doing a marketing campaign where we’re paying people to use our platform. So, we’re paying 10% towards your crowdfunding campaign target. What one of the problems in crowdfunding is startups especially struggle to get that traction because they fail to do enough marketing in advance of the crowdfunding campaign starting so not only do we help out with that with our influencers and marketing partners on board but we help that in terms of monetary assistance, so we provide them with 10% towards their crowdfunding target. What we’ve found through building this is that startups quite often will fund the first 20-30% of a crowdfunding target themselves so it shows that the project has traction so we immediately put 10% towards their crowdfunding target in tokens. So if someone is raising 1 million USD, we’ll automatically start them off on 10% so we’re automatically starting them off on $100,000 equivalent in tokens towards their crowdfunding target. We then implement automated staking so when someone donates or contributes to a charity or a startup that contribution or donation is automatically staked at an APY of 240%. From the moment that a donation is made, it is then creating rewards to help assist that startup or charity in hitting their crowdfunding target.
The reason we are able to do it like this is, as I mentioned, we are raising the funds in the token and then once that crowdfunding target is hit we have a vesting schedule. If a startup is raising 1 million in USD, it means that when they hit their crowdfunding target they don’t have 1 million worth of tokens that they can just dump on the chart straight away. Those tokens are released over a period of time and they're also released on the condition that certain milestones are met during the project's implementation of their project plan. So we have quite a stringent sign-up process and when a startup signs up with us, not only do they have to go through a full KYB and KYC, so they have to be registered as a charity or you have to be registered as a company, you also have to provide a full project plan– things like an organization chart but you also have to specify how you’re going to use the funds that you are raising and then the most important part is when you’re going to use the funds– and the when is important because that forms the vesting schedule. So, if I’m looking to raise a million US dollars for my startup and I hit my 1 million dollar target then I don’t get 1 million worth of tokens right away, I may only get 10% in month one, if it’s a manufacturing startup I’d get 10% in month one to buy the warehouse, in month three maybe I get 20% to buy the machinery for the warehouse, maybe month six I get another 20% to hire a workforce and so on. So, it means you won’t get a dump in the chart of 1 million USD. The tokens are released over a period and the start up has to evidence that they’ve completed the previous milestone as per the project plan. We’re bringing a bunch of due diligence on our behalf in making sure that the money raised is going towards the purpose that it’s being raised for.
Obviously, this is a mainstream audience and we are looking to challenge the likes of GoFundMe and Kickstarter with this solution. That doesn’t mean that we have to educate people about crypto. So, in the front end we have three ways of donating to charities or startups. If you know about crypto, you can purchase the Rare FND token and you can make your donation or contribution directly using our token. If you have Bitcoin or Ethereum or any of the other main crypto coins, then you can make your donation or contribution using that and in the backend FND is being bought. We have the solution where if you haven’t got a clue what crypto is– you’ve never even heard of the word crypto– you can log on, you see your cat rescue center, you want to donate $10, you simply have to put your credit card details in, provide an email address and that’s it. What happens in the backend is the payment is being made by credit or debit card, thus then purchasing BUSD, and then being swapped for FND and the FND goes against the stake in the smart contract. We also take the email address because we then create a crypto wallet in the background which is linked to the email address provided and this enables us to distribute the rewards. When a crowdfunding campaign successfully hits its target, the NFT that represents the project is fractionalized and that’s distributed to all of the people who have donated or contributed. Then within that NFT we encrypt incentives. We work on an reward-based model, so if someone was to donate up to $10 they’d maybe receive a cinema ticket, if someone was donating up to $50 they maybe get a week-long pass to a local museum and this barcode or QR code or however the company chooses to deliver it is encrypted inside the NFTs. We’re no longer using NFTs for aesthetic purposes or fun collections of rats for that matter but we’re using it as a delivery method for delivering incentives or tickets or redeemable codes.
So this old lady who’s never heard of crypto before can donate to a cat rescue center with a credit or debit card and then she receives her cinema ticket via email, but in the backend she’s actually paying by credit card, FND is being bought in the backend through Pancake Swap or the liquidity pool, then her NFT is sent to her wallet that’s been created in the background and then sent to her by email. We have this technical solution we’ve implemented which enables us to target the mainstream as that is our primary target audience. Everything that you see on the frontend appears like any mainstream crowdfunding platform. All funds raised are in fiat but we use FND token on the backend for everything which enables us to pay charities and startups to use our platform rather than taking money, fees, or commission from them.
So, me being a startup, wanting to start an ice cream business– no longer do I have to raise the $20,000 that I need to start my business, no longer do I have to raise $25,000 on KickStarter.com. I now only have to raise $18,000 on Rare FND because I’ve been given 10% towards my target. I then have to raise even less because of the automated staking, so now I only have to raise $16-17,000 depending on how long the crowdfunding campaign takes to hit its target.
So your cat rescue center, if you were raising maybe $5,000 on GoFundMe, that would actually be $7,000. If you use our platform, it would now only be $4,000. It’s a huge incentive and an attraction for charities and startups to use our platform over any of the mainstream offerings out there. The whole model relies on us being successful in onboarding charities and startups, which is why the incentivization of bringing them onboard is so important, because the more we bring onboard the more funds that are being raised and the more FND token is being bought. If there’s a startup raising $10M and they’re successful in raising that money, that’s $10M worth of token that’s being bought in the backend. Then that’s released over a long period as per their vesting schedule for the use of funds.
Cats: That’s a lot to take in, so I’m going to try and just quickly recap it for those– there’s a lot to cover. Your essential rare finding core mentality is to kind of merge two of the bigger players, which is the likes of GoFundMe merged with the likes of KickStarter. You’re doing the two in one so you’re not just focusing on either new products and new businesses, but also helping on the charity aspect too which is great in itself– to be able to combine something, you know. Why is it separated in some cases? The platforms are doing the same thing, it’s just branded slightly different, so why not have them together?
We also have the whole aspect of using blockchain and crypto in a different way that benefits the user like essentially not having any fees on the user of the platform (i.e. the starter of the campaign). It greatly benefits them and anyone who wants to be a part of Rare FND as a holder.
Are you going to have to essentially treat this how the banks treat loans and mortgages where you need new investors to continue the cycle on the holders’ side of things?
Ryan: The whole business model relies on us onboarding charities and startups which is why we have the huge incentive in place, to appeal to them. If we failed in onboarding them then the business model would fall down and the price of the token wouldn’t rise as per the business plan, the same as any business plan. If you fail to meet your target then the whole thing is going to fall down. *laughs* But yeah, we have been very successful to date in what we’re doing for obvious reasons because we’re providing a huge incentive for charities and startups to use our platform.
We’ve already partnered with some of the biggest names in Dubai and then we’re onboarding charities and startups across the US and the UK. We initially just focused on our onboarding efforts in Dubai as we have a large network here and lots of connections, so we onboarded through charities, startups and incubators and we’re going to try and put it under our NFT marketplace license.
On our advisory board we have Dr. Marwan who is Head of Blockchain in Dubai for the Dubai government. We were advised not to go down this route and risk it because crowdfunding is regulated in Dubai– especially if you bring in the charity aspect, it’s highly regulated. We couldn’t put the platform live as I wanted to on launch day, which was the 1st of August, for risk of receiving huge fines and ramifications as a result. As you may be aware, crypto is highly regulated here also, so trying to do any business activities outside of what’s on your business license is highly frowned upon. We’re still going through that process of seeking approval through the DIFC, which is its own financial institution within Dubai.
As soon as we have the green light for that we have a bunch of charities and startups ready to go. We quickly brought some things forward in our roadmap to enable us to start things as soon as possible. So, we had things like the US, UK and Europe later on in the roadmap– Q1 2023. ‘But we then brought those forward to enable us to put a charity or startup live as soon as possible, so we went though the SEC approval in America– we had SEC approval three weeks ago for funding portal business activities. We’ve now got an office in Miami and then we also have a subsidiary set up in the UK now, with an office in London. We’ve now used a bunch of resources and done a bunch of recruitment, especially for America, so we can onboard the charities and startups based there. We’ve also added a few new people to our advisory board and to our business. We’ve got someone by the name of Clark Varin, you can check out his website. He has a lot of charities under his name, helping out schooling in Uganda, he does philanthropy work in America, and he’s a popular keynote speaker across the world. He has a startup and a charity– one will be going live shortly. We’ve scaled quite fast in America in the business development department. We’ve just onboarded a new Chief of Strategy who will be in the US primarily. We’re doing a big push in the UK as well! In three weeks time we have a huge push in the London underground with banners covering 16 of the Zone 1 and 2 stations, primarily to onboard startups from the center of London.
Cats: That’s not going to be on the 30th, is it?
Ryan: The 7th! It starts on the 7th of November.
Cats: Aww, I’m in London the week before. I was going to see if I could see one… Gutted!
Ryan: We’ll be doing competitions around that time as well, like if you get a selfie with one of our banners we’ll maybe do weekly competitions where people can win tokens if they post their selfies on their social media. That’ll be quite a fun time! Huge billboards– they’ll be at King’s Cross, Kensington, I can’t remember the others but all the big ones. I may fly there myself just to see them.
So yeah, it’s been successful so far and we’ve been partnering with some of the biggest charities in the Middle East especially. With the incentives that we’re offering, there’s no reason that we should fail in onboarding charities and startups and as long as we continue to onboard and provide all of the incentives necessary, not only from a monetary point of view but from marketing, we’ve partnered with a lot of influencers in a marketing capacity where they’ll post to give extra exposure to the charities and startups on our platform. We also offer assistance for all the problems the crowdfunding industry faces at present.
So the question, would it fail if we didn’t onboard charities and startups– yes, it would. Is it going to fail? No, because we have all these incentives from a monetary point of view but also marketing and things like delivery methods of rewards or incentives. It won’t fail.
Cats: That’s great. So at least you’ve got contingency plans and you understand the risks associated with your model, which is great. That gives reassurance to anyone who is listening that you aren’t looking to have any issues on that front with the model that you’re going with. Might be risky, but you know you’re going to put in the work and be able to achieve what you want to achieve, so that’s great to hear.
Ryan: I’ll just add to that. What’s also important is building up our advisory board, in regards to some of our most recent appointments. The focus will be adding big names to our advisory board. The main benefit of that is having high profile individuals on your advisory board gives you access to the key decision-makers at the top charities, incubators and startups. On our advisory board we have Dr. Marwan Al Zarouni– he was Head of Blockchain in Dubai but he’s just been promoted to the [Digital Asset Task Force (DATF)], so that’s everything related to metaverse, blockchain, everything. We’ve also onboarded his brother Majid– he’s Head of Security for the government. Between them, in their family, they have cousins who are heads of Red Crescent Charity and a bunch of other charities that we’ll be speaking with. We’re also in discussions with one of the biggest foundations in Dubai, the Al Jalila Foundation. So, yeah, we’ll be onboarding some big players to the advisory board who will bring the charities and startups to us.
In terms of the progression of becoming a SafeMoon Comet partner, how was it working with the SafeMoon team and what do you expect to get from this partnership?
Ryan: It was quite a relief to deal with another business in the crypto space who are just as professional as us. All too often and through the error of my ways, I’ve hastily partnered with some sketchy businesses or characters in the crypto space over the last year and a half. So yeah, it was a breath of fresh air dealing with another company in the crypto space that’s just as professional as us. I had an introductory call with Jonas– they went through the full business model and offering. Then we had to go through the stringent KYC/KYB process, which tells me that not only are you professional as a company but you’re also only onboarding legit businesses to your SWaP, so anyone using the SafeMoon SWaP has peace of mind knowing that any project launching on SafeMoon SWaP are legit businesses that aren’t going to rug people because they have a legitimate business behind them. Very much appreciated the work you guys put into the whole process– professional and high standard.
Cats: Perfect, that’s just what we want to hear. And just to reiterate on that, it is a new and upcoming space and trying to create a set of rules and follow those rules that are being created and ever-changing is a complex thing to do so I think that everyone’s happy to hear that SafeMoon is following in the same steps as what you do with the likes of bringing your charities and startups that you do in the KYC/KYB process. That’s great to hear!
Ryan: I want to talk about our metaverse a little bit as well. On top of the crowdfunding platform that you see on the website, we’re also bringing crowdfunding charity education, museums and galleries to the metaverse. One of my previous companies was a learner management system provider, so we’ll be delivering the likes of apprenticeships and immerse training in the metaverse and implementing something called learn-to-earn, which is probably far different to any learn-to-earn that currently exists. We’ll be working with colleges and the colleges will be mandated to purchase a bunch of FND tokens and those tokens will be used to incentivize learners to complete their learning and pass their certification.
Probably not many people are aware of this but in the UK colleges are actually paid for each learner that completes their learning and then paid an additional amount for each learner that completes their certification. A year after the learner passes their learning, the college can then be paid again if the learner has gone onto a career related to the course they completed. It’s not a very competitive market in terms of providing learner management systems or things that cater for immersive learning especially, so that’s something we are implementing into the metaverse. ‘And then we’re bringing in the crowdfunding and charity aspect, we’re providing a 24/7 conference center which will have booths for each startup using our platform, and it provides them with a base for people wanting to contribute– to come and ask them questions and query. Also, if they take up a long-term lease of a base in our metaverse then it allows them to keep the donators updated after the crowdfunding campaign has successfully hit their target and it also gives the donators and contributors the extra reassurance that the startup or charity isn’t going anywhere and that they’ll remain in our metaverse for a long period of time. We’ll add that extra badge, a crowdfunding version of a SAFU badge, to their crowdfunding campaign.
Cats: The mechanisms of learn-to-earn is something that we can take out of a similar concept can’t we, Gandalf? –with the more you learn the more you earn. It’s not something we have shared details on what we’re doing on that, but it’s a concept that we’ve been wanting to run with for awhile and hopefully we can take a similar concept to you. Education– 100% on board with. Any way to get people to learn more about the space– DeFi, crypto, solidity, and everything associated with it, I’m all for it.
Ryan: We’re actually speaking to you guys about– maybe we’ll see you at the moon in our city very soon. *laughs*
Cats: Maybe so, maybe so. Uhm, I don’t think we have any more questions at the moment. If anyone does have any questions for you, where can they go to ask?
Ryan: If you have any questions, visit rarefnd.com and there’s a help center located on the bottom which has a full FAQ as well as a chatbox. If it’s anything related to crypto, which is probably the majority of the people listening, then the best place is our Telegram, with about 13,000 people. We have a large admin team led by Maverick (doing a great job there!). If any admin isn’t online, we have a huge community and someone will answer any questions that people have. We’re also about to start ramping up our Discord efforts. We also have around 30,000 on Twitter.
Cats: Perfect! Thank you for coming on, Ryan. If you have any last words you want to share, anything you want to say to the community before we wrap up today?
Ryan: Yeah, if anyone is at the Gitex Expo, we’ll be there tomorrow at the Sharjah Center in the Future Blockchain Summit– so come along and say hi! It’s the largest tech expo in the world. We’ll be there all day tomorrow– we’ll be on stage for a big presentation with Metabolism. We’ll probably be there for the full four days of the tech expo. I’ll most definitely be in the EdTech space for the second day, speaking about bringing education into our metaverse. Then I’ll be in the startup space, North Star. I’ll be at that probably on Wednesday.
Cats: Awesome, thank you very much and I’m sure you’ll see some more of us coming around in the near future. I’m excited to see more of the learn-to-earn concept so appreciate that.
Ryan: Thank you for having me!
Cats: Just before we go, because I know people are wanting to talk about it a little bit– Orbital Shield and the entire craziness that has been shared with what it can do. So for me, I’m excited with the power of what is coming with it. Now again, it’s still ultimately in beta– it’s not an official release yet and no timeframes have been given. ‘But what has been shared with the beta testers so far and the feedback has been phenomenal. If you want to learn more about Orbital Shield or you’re confused about a process, DM one of the moderators, me, or Gandalf so we can collect this information– if you are asking the question, maybe everyone else is asking the question too. We want to have as much information on this as possible when we do release the information from the SafeMoon Education team and SafeMoon as a whole at launch. We know we hate saying the word NDA but at least now we can kind of talk about the product a little bit more. It is important to say that it is not just a feature of the wallet– it is a product. I believe John did mention a little bit more about that on Reddit so keep an eye on Reddit if you’re not on the SafeMoon subreddit.