John Karony - CEO and Ryan Arriaga - Global Head of Product
Since the Last SafeMoon Sunday...
• John went to NFT.NYC and met a lot of great people like Scott Paul (@GScottpaul). • Met with Dan from Xidax PCs (@xidaxpcs) and established some partnerships with them • Met with Brandon Fugal (prominent in real estate/known for Skinwalker Ranch) • Had an interview with VICE and CNBC. • Met with some major partners within the industry and now has a very clear regulatory path.
• Going to AIBC Malta this week and giving a keynote about building a blockchain company
• What do you want the world to take away from your AIBC keynote?
- People are the most important asset to a company - employees, community & users - Building trust in a trustless industry is hard - Make sure people know what you stand for
• How close are we to V2 of the wallet?
- UI is almost done - Dark Mode will be included - Ryan to share a full update later
• What effects will V2 have on pairings?
- Each Blockchain has its own characteristics we have to work with - All pairings assist the project, both directly and indirectly - Makes it more accessible
• Where do you see SafeMoon in 5 years?
“An ecosystem that provides a high quality, accessible and secure experience for people who want to participate and use blockchain technology. Whether it be at a macro level like Internet of Things, or whether it be paying grandma back for dinner the other night.” -John
V2 Status Update:
- Working on making it a seamless, simple experience - 2-click consolidation process - Also a web-swap option available - In final QA process
• “The V2 contract is done. We are just making sure it’s seamless and simple.” -Ryan “When we say imminent… We mean it’s imminent” - John
• New merchandise will be coming soon! SafeMoon has a new manufacturer and designs. “They will be dropping... imminently.” -John
• “Blockchain needs to be as common knowledge as tying your shoe.” -John
• “E-commerce is the lifeline of SafeMoon, lots of focus will be on it. 2022 will have new products in the works to be talked about in the future.” -John
• “Multi wallet feature, import private key and 24-word seedphrase is finished and will be looked over now for a deployment in the future." -Ryan
Let’s go ahead and kick this thing off. I’m John, the CEO of SafeMoon. Ryan will be joining us shortly. He’s the Global Head of Products. And welcome to another SafeMoon Sunday! A lot of questions. Been a couple weeks… a lot has happened in the past few weeks since my last SafeMoon Sunday. So kind of diving into what I’ve been doing, and then after we’ll dive into the product side of the house.
I met with some amazing folks. I went to New York to go to NFT.NYC. Great conference, great city. Met a lot of good people there, Scott Paul (@GScottpaul) being one of them. He’s been in the crypto industry for a little bit, has his own YouTube channel, he does stuff with that.
Met with some other people from another blockchain provider, I want to say Arctic, as well as other blockchain projects that are in the works, so whether it be staking or ways to leverage your NFTs. A lot of good stuff coming out from there.
Then I travelled back to Utah and met with some great people, Dan from Xidax (@xidaxpcs), one of our first big adoption cases, as well as - we’re looking at doing some cool partnership opportunities with Xidax and Dan over there.
I also met with Brandon Fugle (@BrandonFugal) who’s an amazing person. He’s very prominent in the real estate market as well as, if you’re not familiar with the History Channel, the Skinwalker Ranch TV show.
Anyway, a lot of great people. I sat across the table from some major titans of the industry and we were just talking about possibilities with SafeMoon and what SafeMoon can do for the world.
We also met with some major...how do I put it? NDA in place there. Uhm, so from the regulatory side, we’ve met with some major partners of ours that also partner with other very large players within industry and so we have a very clear path forward on what we need to do in regards to the exchange and being in compliance across 167 different jurisdictions. Lawyers are working on that, I’m going to kind of dive into that during this SafeMoon Sunday. There’s a specific question regarding, “Well, what do you mean about regulations? For those of us who aren’t educated or don’t deal with this day-to-day, what does that mean?”
I also did an interview with CNBC a couple of days ago, as well as an interview with VICE, and so those should be showing up here on the internet in the near future.
The highlight of this month for me is going to be giving my keynote at AIBC, where I’ll be talking about building a blockchain innovation company in this current industry and how to essentially do 7 years of work in 9 months. Hope you guys like it. I've been working hard on it, so I’ll see you guys all there. On top of that, AIBC is going to be a great conference because I will be meeting with a lot of folks that I’ve been talking to offline and being able to meet them in person, it’s going to be great! You know, there’s something to be said when you talk to someone via email or over the phone or even face-to-face over Zoom. Being able to actually meet them in person is something a lot of us haven’t been able to do with the global covid 19 pandemic. It’s nice to see things opening up again and being able to have those person-to-person interactions again.
I’m going to start with 3 community questions and then we’re gonna start bringing people up onto stage.
When will SafeMoon start aggressively marketing its token, tokenomics, wallet, and future plans for the exchange again?
John: Right now we’re in a build cycle. We marketed the wallet but right now we’re in our secondary build cycle and Ryan will go into more detail regarding that. So our focus right now for all of our resources is getting the products done, making sure the features are stable, getting them ready for launch. Then, also from the exchange side, we didn’t want to start marketing until we had, which we do now, the strong plan for how to work within a regulated environment. For those who don’t know about crypto, it’s definitely 1999 Internet Era. We’re just at the very precipice, the very beginnings of what blockchain technology and blockchain-like technology can do for the world. A prime example of what it can do, specifically when applying it to governments, is Estonia. It’s a great case study of creating efficiency within inefficient bodies. So they have stuff when it comes to healthcare, such as healthcare records. For those in the United States, imagine if the DMV ran on blockchain, how much faster it would be. They’re a great case study if you are wondering, “Hey, what does it look like when blockchain technology is integrated into a government?"
It has been mentioned that regulation is a big part of holdups and SafeMoon is trying to be as compliant as possible. Can you go into detail about these regulations and why they take so long?
John: First off, anyone that’s ever worked within the government understands that it’s one of the slowest moving things out there. Bureaucracy is always something that you have to deal with.. For example, talking to a lawyer, then the lawyer submits a filing, the filing gets done, then it’s on the regulator to then respond with a) “you’re good to go” or b) “hey, this this this this and this need to be fixed.” It’s that back and forth and from our side we’re moving really fast but from their side they say, “Oh, it’ll be 3-6 weeks to hear back.” Also, when it comes to integrating fiat or currencies (dollars, pounds, etc.) into a wallet or an application, there are compliance items that need to be checked off. One of them is AML or anti-money laundering. We have to go through and make sure our structure - even down to how you display currencies on an application such as the wallet app. It can’t be on the same page as a cryptocurrency, it has to be on its own separate tab, separated by x amount of environment. We have to work through all of those pieces and one of those pieces is AML. Another aspect is KYC, Know Your Customer. Those are things that have to be done in certain jurisdictions, or in many jurisdictions to include the United States, the United Kingdom, the EU, etc., for us to be able to integrate the fiat on-ramp and also fiat off-ramp. That’s one of the key pieces of having an exchange, having the on-ramp and off-ramp be there for people. The other aspect is, because we’re in 167 different countries, we have to make sure we’re filing properly in each one of those. In a lot of cases you can do what’s called passporting, where if you file in Country X that filing passport is considered a valid registration in Country Y; so there’s reciprocity between a lot of jurisdictions but it’s making sure we have that all done and we have the plan. Rather than us shooting in the dark, we actually file in the major markets first and then the markets that passport the best with each other. We now have that plan on how to move forward in the most efficient way possible.
What do you expect from the audience next week when you’re presenting your keynote? What do you want the world to know from SafeMoon and the ecosystem after they experience your presentation?
John: This is kind of a theme and I did touch on it with my interview with both CNBC and VICE. The most important asset any project, any company can have is their people, and that expands further from just the employees and the team that you have. That’s also the community, the users. That’s your most valuable asset. You can't just shove a product down someone’s throat and say, “Hey, this is amazing. This is amazing,” and just throw marketing at it; no, it actually has to be amazing.
The other aspect is building trust in an industry that talks about, “Oh, we’re trustless.” It’s an interesting concept but most people, especially mainstream, they don’t really go for that. Nobody would ever drive a Tesla if they didn’t trust Tesla, you see what I mean? Nobody would ever drive Ford if they didn’t trust Ford. Building trust in a trustless industry is very important.
And don’t be afraid to put your face behind your project. If you’re confident in what you’re doing, don’t hide behind your keyboard if you’re really wanting to grow and expand. Make sure people know who you are and what you stand for.
You know as I know, people get nervous when they have to wait. A lot of people in the community are getting very nervous when they see another day with no V2 or another day with no information. I tend to just tell people that innovation needs time. They have to wait because when they wait they will get great things, right? Can you shed some light on the actual process of V2 and possibly the exchange because a lot of people, every day in the Twitter Spaces, they want to get some kind of estimate because they want to participate and be prepared for things such as the fees in BSC and being ready to swap over.
John: Gotcha. So I’ll talk about the stuff that I’m having to do for the regulatory items. I had to fly back to London to go meet, in person, physically with these people to have a conversation. So it does involve a lot of logistics as well. A lot of these items do require face-to-face interaction. It’s also a lot of whiteboarding. There’s a requirement that pops up and we have to whiteboard out how it works, what the requirement is.. For example, AML requirement. How will our current structure be in compliance with the AML document? This is something we need to whiteboard out. We need to set up this entity over here, register it there, create a corporation in that country, passport it over, then file a form and this other country so that we have reciprocity between the two. All of this stuff has to be planned out. And then I have to hand all this off to the lawyers. They’re going to have questions, so they come back with like, “Well, we understand what you want. What’s the purpose of it?” I’m like, “This is the purpose of why we need to do this,” and they’re like, “Well actually, based off of experience and based off this research that we just did for this, this is what we need to do instead.” So back to the whiteboard! So the team that’s working on regulatory and compliance stuff gets back together, we have either a Zoom call or we have a Google meet call and whiteboard it again. There’s a lot of these aspects that come into play where there is an iterative process, whether it be from the legal compliance standpoint or from “Hey, do we want to communicate this right now? How sure are we that this specific launch date is going to be good to go?” What we’ve found is better is that we just release it when it’s ready. You know, crypto moves very, very quickly. I joke with everyone I meet with folks from other industries; while they’re very successful in their industry they don’t understand crypto. They’re like, “Well, you guys move at such an astronomical pace.” I’m like, “No, that’s just the pace of business in crypto.” One quarter in crypto is a week long. We have to move very quickly but a lot of people don't understand that getting stuff done in one week is really difficult to do. Two weeks, three weeks. Getting a wallet out, getting more features added on, hitting 700,000 users, and being where we’re at right now in under three months?
Most other companies can’t even dream of doing something like that, but the reason we’ve been able to is because, this was hard and it was a difficult decision and we took a lot of heat for it but, a restructure needed to happen. We needed a solid foundation to where we could innovate at the speeds that we do and also scale the company at that same speed. We then had to make sure, from Ryan’s side, our tech stacks were good to go and we were building technology the right way where we have a solid foundation where we can just keep adding floors without the foundation crumbling. We had to set up both of those things and so you did see a little bit of a slow down, and when I say slow down it was two weeks. In the grand scheme of things, two weeks. Most people wait longer to order stuff online, excluding Amazon with its one-day delivery. Two weeks is a very short amount of time for us to do what we’ve done and what we continue to do. I would also like to say please have patience while we work through these very technical processes in a brand new innovative market. Remember, this is 1999 Internet Stage. There’s no roadmap for this. We’re barely beginning to unearth what blockchain technology can do. And if we find a new use or something crazy that we can do, we’re going to do it. It might delay a product by a few weeks or a couple months. In the grand scheme of things that’s not a big deal, especially in the tech industry. How many video games that you know of got delayed a year or two? I can name many of them and, you know, I now feel their pain when it comes to a delay and how it feels from their end. I’m like, “Okay, I bet they wanted to get the product out but they had to delay it.” With SafeMoon we make sure we do things the right way. We want it to go out in a proper manner and we want to make sure it’s something that adds value to either quality, accessibility or security.
Ryan: As far as the multi-wallets, we’re done with that feature.
Ryan, when you tweeted two days ago and said, “We want V2. In fact, you will get a beefed up V2 at no cost of SafeMoon to consolidate,” could you elaborate on that?
John: There’s some bugs going on with the Twitter Space so Ryan... but with the V2, yes, we beefed it up, specifically that when you migrate over to V2 you won’t be taking that 10% hit, so it will that 1000:1 going across. We also wanted to add, because like I said before this is definitely like being in, you know, 1999 Internet, just getting its legs underneath it, brand-new, innovative, emerging tech space, if we need to add additional things or if there’s this untapped innovation, we’re able to integrate it into SafeMoon in a seamless process where we never have to go through this massive migration process again. It’ll be more of a, “Hey, here’s an update. It’s going to be great. Here’s what it looks like.” Done. So it’s being able to innovate for the future and also being able to adapt to both knowns and the unknown unknowns. Now what do I mean by that? There’s stuff that happens within this industry and a prime example would be when Pancake Swap upgraded to their V2 of their Swap. A lot of people who renounced ownership locked liquidity with partners that don’t know how to migrate or don’t have the ability to migrate. You know, they weren’t planning for the future. They got left on V1 or had issues going to V2. SafeMoon’s always planning for the stuff that we can’t predict. We have contingency plans for everything that we build. We have the ability to meet those unknown unknowns and be able to adapt and overcome a situation that arises. Again, we’re focused on the long term. Now, when it comes to more of the specifics of those beefy features, when we get Ryan back up he can definitely dive in.
I know you guys are expanding and have utility in the works that we don’t even know, but when it comes to e-commerce are there any partnerships that you can announce that you’re working with and if not, what does the future look like for e-commerce and are you trying to make SafeMoon a conglomerate or are you looking for partnerships with others that already have that platform set up?
John: Well first off, thank you for the question. E-commerce is something that we look at heavily. Xidax PCs is probably one of the first ones that accepts crypto. Dan is a very innovative person, very forward thinking, so that was one of the first adoption cases so they do accept crypto. With V2 there was a heavy focus and this is one of the beefy features that we were talking about, being able to integrate SafeMoon more easily into an e-commerce platform, application, or use case. We are heavily focused on e-commerce as one of the use cases of SafeMoon. In regards to utility and other questions, SafeMoon already has a utility. First off, store of value is always a utility. Second, it is the lifeblood of SafeMoon and when I say that what I mean is that it runs our SWaP, our liquidity pool, and our liquidity pool ties into two different SWaPs. For those who don’t want to use the app, they’re able to use the web swap through Trust Wallet or Meta Mask. And then we have the in-app swap. We also have some other products coming out here very shortly that Ryan’s working on that SafeMoon integrates heavily into.
Does the team mind if the community or third-party develop projects that could help burn rate, etc., and what route we should use to inform SafeMoon about what we have developed?
John: I basically have one rule which is don’t mislead. If you can’t say something, you can’t talk about it. I do it all the time. Even with CNBC and VICE I said “Nah, I can’t really talk about that. Sorry.” So don’t mislead, don’t go out and say we’re affiliated with SafeMoon when you’re not. That is the fastest way for us not to work with you and to just completely ignore the existence. Approach us, talk to us… Now if you want an endorsement or if you want us to acknowledge an affiliation between the two of us, 1) are you meeting the SafeMoon Standard and 2) are you providing more quality, more accessibility, and more security for the SafeMoon Army? If you’re not providing those things, we won’t partner with you or be affiliated with that project. Again, our commitment is to the SafeMoon Army, SafeMoon users, and as long as you share that same commitment I don’t see any issues with that. It’s the beauty of DeFi, you guys can create a project; whether we officially affiliate with you or not is a different ball game.
When the SafeMoon V2 goes live, will there be a 10%, 2%, or even better, a 0% tax?
John: Well, that’s the beauty of V2 - the ability to traverse our platforms within our ecosystem without having to pay a 10% fee. The 10% was very good, it was very basic, however, with the feature in mind, we have to be more comprehensive. Ethereum gas fees is a prime example of that. It should not cost you $200 to send $2 to someone. It defeats the purpose of sending that $2. You can’t really use it to pay your friends back for dinner if you’re paying $200 in gas fees and the dinner was $40. That’s the beauty of V2. We’re thinking forward and thinking of the future. With V2 the migration process is significantly easier, and it’s not even a migration. The transfer process to, “Hey, I’m gonna send something to Grandma. Ok. Here you go.” We’re adding more comprehension and more features and usability of SafeMoon and a more comprehensive usability of SafeMoon with the V2 of the contract.
How close are we to version two of the SafeMoon Wallet?
John: UI is pretty much done. We just gotta finish out a few different things. Ryan will talk about that more.
One thing I’ve been vocal about is the effects of different pairings not contributing to the project. Some people have told me that v2 has the capabilities of changing that. How will v2 affect the pairings contributing to the project or is that not until the blockchain?
John: I’m not sure where you’re going with this specific question, however I’ll try to answer and see if I hit the mark. When you’re talking about bridging to other blockchains and being on-chain, each blockchain has their own characteristics that we have to work with. Every pairing contributes to SafeMoon, whether it be indirectly or directly. The more accessible that SafeMoon is, the larger the SafeMoon Army grows. We can even take this from a word-of-mouth aspect of it. Someone’s holding on an exchange, they have SafeMoon, they’re talking to their friends about SafeMoon. Well, more people know about SafeMoon. So regardless of the pairings, they still assist SafeMoon, both in its direct mission and indirect mission. While they might not contribute to the burn, because that’s a limitation of the exchange, it does contribute in other indirect ways.
One, it’s more accessible to people. People are able to participate with SafeMoon. While they might be able to get their SafeMoon on an exchange, they might not be participating in tokenomics. But then they’re going to be like, “Okay, let me do some more research into SafeMoon. Oh, these tokenomics! What are these? Oh, if I take my SafeMoon on-chain onto the SafeMoon Wallet I can participate in a greater fashion in decentralized finance. Well, I’m gonna do that.” Well now you have a new holder who was able to enter into crypto in an easier fashion, because DeFi is rather complicated for mainstream audiences and people who are not as technically versed as a lot of us. So they’re able to start participating in crypto. While they might’ve started off on an exchange that didn’t have tokenomics, they are now back on with the rest of the SafeMoon Army, because they were allowed the ability to start in a very simple fashion and move to the more complex.
Two, it educates someone on cryptocurrency and blockchain technology. Blockchain technology should be as common knowledge as tying your shoe. You now have someone educated on blockchain spreading the word that blockchain is the future and about what it can do. The benefits are there regardless of the pairings.
Is there a possibility of having a staking option with SafeMoon with the exchange?
John: So staking - you put your x crypto in and you let it sit there and you gain more crypto back. Well, with SafeMoon if you hold it you get more SafeMoon. While there could be a staking aspect there, SafeMoon’s an automatic yield protocol essentially so you automatically get more SafeMoon when you hold on-chain. When you’re off-chain, that’s a different ball game and when I say off-chain I mean centralized exchanges where transactions that take place happen on an order book not on the blockchain.
Can we get clarification on how partnered exchanges will consolidate?
John: That depends on each one of the exchanges. I’m still talking with them on their specific processes of how to consolidate. But those who work with us and those who will consolidate, they’ll have a way forward and each one is going to be a tailored solution.
John: When it’s ready. As i said before it is imminent.
How will the buyback and burn from SWaP go to v2 because it was not live with v1? Will the buyback and burn that was collected go all back to v2 or step by step?
John: Everything’s being migrated to v2 for the token. That’s the simple answer. It’s why we take the time for this innovation and for this rollout and we don’t release it until it’s ready.
When v2 comes out, what happens if I don’t immediately migrate? What’s the benefit of an early adopter and how does the team plan on pushing holders to move to v2?
John: One, we’re not going to push anyone to move. It’s highly recommended as that’s the specific token that we will be working with. V1 will not be supported when it comes to the other innovations and the other products that come out, so in order to participate with the wider ecosystem of SafeMoon… v2. On v2 we focus on quality, accessibility and security and being able to have a strong foundation to continue to build.
When is the new merchandise coming out? It’s getting cold here.
John: New merchandise will be coming soon. We changed manufacturers. A lot of people don’t know that the supply chain was really screwed up and had a lot of issues when covid 19 hit. It wasn’t necessarily because of the supply chain, it was just all the restrictions that came down and everyone reacting and a lot of companies transitioning over to the relief effort. Now we’re in this process of transitioning back. So we have a new manufacturer, we have some new designs that are coming out, I’ll tweet about it later. Those will be dropping here imminently, so… I know it’s cold. We’re working on the hoodies. They’ll be released.
Wen SafeMoon Netflix documentary?
John: So on my personal device I have over 2 terabytes of footage that go all the way back to the beginnings of SafeMoon, like very early stages when I’m still back in the States before I came to London the first time. We have all this footage, we continue to have footage of the SafeMoon journey, and we’re just working out how that would look, who would be the one to film it going forward. You know, if you give it over to a studio you lose a lot of the creative rights so it’s working those items out. And also the logistics of how do you have a camera crew follow someone like me around who has to pop all over the globe on a moment’s notice if something happens?
Could you speak to the fundamental differences between v1 and v2?
Ryan: V2, if you want to think about it, any time you build a smart contract you, deploy it on the network, what happens is you typically have a basket of goods and what I mean by that is it might burn a certain way. There might be fees that get sent over to this wallet. You might have a mixture of tokenomics. You might have specific ways that you mint the tokens. Whenever you launch a smart contract for the first time or you deploy it, once that smart contract is deployed it’s deployed for good and it can’t be changed. It’s immutable. What we’ve done with v2 is, well, if we’re going to consolidate the SafeMoon, like we’re doing from v1 to v2, consolidating basically the size of the bag you hold - it’s the same value, but if we’re going to consolidate that we might as well add more features that allow us to work with other bigger companies. This allows us to make better partnerships. Say, for example, you deploy a smart contract and you didn’t think about maybe that one company. Maybe, for example, Starbucks comes along and says, “Hey. We would love to work out a program with you guys where people can purchase coffee and they can use SafeMoon to do it.” Well if you’re thinking ahead, you want your smart contract to be flexible so that you can work out some kind of partnership, within your transactions and fees, with that company.
V1, specifically when you’re launching a product for the first time, entrepreneurs don’t really think about this long-term vision in that sense. They don’t think about the mechanisms that come into play that have to be there so that you’re prepared for when that day comes. That’s why you have these smart contracts that end up changing down the line, because if you want to scale, be more flexible, or work with bigger companies, you have to have that in place.
Where do you see SafeMoon in 5 years?
John: Hm. How do I answer that without giving away the cookies? A very large ecosystem is probably the easiest way to put it... that provides a high quality, accessible, and secure experience for people who want to participate and use blockchain technology, whether it be a macro-level such as macro Internet of Things or paying Grandma back for dinner the other night. It’s this massive ecosystem that can support both the micro-level and macro-level events that take place on a blockchain.
You guys keep mentioning that you’re a tech company. Do you think in the future you see yourself being an IPO?
John: We’re not there yet so we’re not going to discuss IPO stuff even to begin with.
How’s The Gambia going?
John: Great, but it’s under NDA. Sorry, there’s stuff that we can’t talk about. If somebody has me sign an NDA I’m definitely going to respect it. That’s one thing people need to take into consideration; while B to C is very important, maintaining trust in B to B is important as well. If you work with a business partner or you have a partnership, it’s a trust-based relationship. They need to be able to trust you and you need to be able to trust them, so not violating NDAs is very important in maintaining that.
Ryan: So far we have the multi-wallets completed on our end. We also have the import private key completed. We have the import 24-seed phrase completed as well. All of this is in QA right now with all of the reflection tracker stuff we have.
Some people, when we launched the reflection tracker, they were like, “Well, it’s not working on this device.” This is something - and I want to get this across to everybody listening - is that, we’re in Web3.JS. This is emerging technology and basically what that means is there’s very little documentation out there. So when we push something like a reflection tracker, people say, “Well, it works on this site.” Well, on another site that you guys are working on with the reflections trackers, those typically only go back 30 days and they’re not very accurate. We went above and beyond to go back from the very beginning, from when you bought SafeMoon on that wallet address, and made it as accurate as it can possibly be by deducting all of your deposits for that address. Never really done before like the way that we’ve done, on app and on Swift.
These are the things we’re going as pioneers, we’re going out and we’re taking the extra to ensure that we’re doing something different, that’s never been done on Swift, so there are going to be some improvements that need to be made. It’s not perfect but over time, as we improve, it will be. These things take time, emerging tech makes time, and there’s going to be some things that people are going to realize - this is not your standard TikTok app or Facebook app. Some of these bigger companies are very very well-funded and even they don’t have wallets yet and there’s a reason for that. It’s very meticulous work. We’re a small team, we’re agile, we’re able to move really quickly, but people need to remember that in emerging tech, because there’s not as much documentation in the community, a lot of it is experimentation. The best thing we have to our advantage right now is the community. People reach out and say, “Hey, this isn’t working so well,” and we have such a great community that helps out and makes our products better faster. So, something to think about.
We’re also on the tail end of globalization of languages. Just a few other things that we’re buttoning up with that and then we’re going to have 13+ languages on the app as well, another accessibility point.
Ryan: The v2 contract is already done. We’re just QAing, but the main thing that we’re working on right now is to make sure it’s seamless for all of the users. We don’t want users to come in and start getting, start swapping v2 and then everyone’s asking questions, not knowing what to do. We’re trying to make the interface very, very simple where you just have your “Consolidate SafeMoon” button, click consolidate, it auto fills the tokens for you, and then you press swap and you can swap from v1 to v2. That’s how simple we’re going to try to make it on the app. And then on web swap, we’re going to have an option there as well, so that people on web swap can swap that over and then if they want to they can connect their Trust Wallet through Wallet Connect or other dapps. We’ll be able to get a large blanket over all of the users that have SafeMoon with different apps.
John: Yup. So to summarize, v2 is done, the third-party that we need is done, we’re in the final QA process and we’re just finalizing the seamless migration, simplifying it down. That is the status of v2. So when we say “imminent…” we mean imminent.
Ryan: And we want to make sure we do that right because it’s all ready to rock and roll but we want to make sure that we have a good experience for the users because the worst thing that can happen is someone not getting the memo and then swapping something for something else thinking that they’re getting v2 and then they ended up getting something else. Just trying to look out for the users and make sure that we provide a good user experience.
John: Right, and while for some it might be easier to migrate, you understand how to use a dapp, you understand how to calculate the consolidation, we have to build this to where Grandma can also migrate with everyone else. We don’t want to leave anyone out. Remember, it’s about accessibility, quality, and security and we’re working on that accessibility factor when it comes to upgrading to the v2 of SafeMoon.