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Speaker 1: The coin bureau A podcast is a production of I

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Speaker 1: Heart Radio. It's easy to get a sort of a

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Speaker 1: macro view of everything if you kind of know what

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Speaker 1: certain coins and tokens. Yeah, absolutely, Yeah. I think if

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Speaker 1: you're if you're looking, if you're evaluating the crypto project,

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Speaker 1: you know, you need to be asking yourself, what what

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Speaker 1: does this do? What's its what's its niche what is

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Speaker 1: the problem that has been created to solve? And if

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Speaker 1: you can, if you can come up with a satisfactory

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Speaker 1: answer to that question, then that project is worth is

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Speaker 1: worth looking at in more detail. Welcome everyone to the

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Speaker 1: coin Burea Podcast. His name Mike Weld and you almost

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Speaker 1: got it, and my my name is Guy. That's a

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Speaker 1: good start, isn't it. Okay? Do you remember the Mike

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Speaker 1: Mooch Duman The last time we were discussing the different

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Speaker 1: types of cryptocurrencies out there, and we talked about all

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Speaker 1: the different cryptocurrency coins coins. Yeah, So this week we're

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Speaker 1: going to do all the different types, well not all

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Speaker 1: the different types, but that some of the major categories

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Speaker 1: of cryptocurrency token. Okay, Yeah, Because, as you remember, a

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Speaker 1: coin is something that lives on its own blockchain, so

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Speaker 1: Bitcoin or BTC or E for example. And a token

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Speaker 1: is a cryptocurrency that lives on another blockchain. So you know,

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Speaker 1: Ethereum is a blockchain that hosts a lot of tokens,

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Speaker 1: for instance. So that's the layer one. Yeah, yeah, exactly. Um,

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Speaker 1: So there are not tokens as as I think we've

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Speaker 1: discussed before. Tokens are there are so many of them,

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Speaker 1: and this is and when Ethereum came along and made

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Speaker 1: it possible to very easily create your own token on

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Speaker 1: its platform, that's when the crypto, the number of cryptocurrencies

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Speaker 1: really began to explode. And now there are tens and

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Speaker 1: tens of thousands of tokens. Most of them are worthless

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Speaker 1: um and some of them well, some of them have

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Speaker 1: some of them are great, some of them have a

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Speaker 1: lot of uses, some of them are very valuable. And

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Speaker 1: if you look through if you look through the rankings

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Speaker 1: on coin market cap or coin gecko, some of the

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Speaker 1: top cryptocurrencies are actually tokens. So you can't you can't

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Speaker 1: sniff not to be sniffed out. You can sniff them,

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Speaker 1: you can try sniffing them. Yeah, probably best not to

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Speaker 1: sniff at or or These tokens do not sniff these tokens. Yeah. So,

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Speaker 1: um and I think if the if the last episode

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Speaker 1: that we did on cryptocurrency coins, if that episode didn't

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Speaker 1: make it obvious there is kind of a lot of

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Speaker 1: the categories can tend to sort of bleed into each other.

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Speaker 1: There's a lot of overlap in the different categories, and

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Speaker 1: this is even more the case with tokens. And if

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Speaker 1: we were to cover sort of every you know, every

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Speaker 1: conceivable category of token, then we'd be here for hours.

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Speaker 1: So we're not going to do that. We're just going

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Speaker 1: to look at some of the major categories. And I

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Speaker 1: think probably a few people listening may disagree with some

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Speaker 1: of my categorizations here. Um and yeah, I mean I

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Speaker 1: think it's as I as I sort of sat down

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Speaker 1: to put this episode together, to sort of pull, you know,

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Speaker 1: pull all the research together for it, it's it kind

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Speaker 1: of dawned on me that I'm, you know, I taken

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Speaker 1: on a larger task than i'd anticipated. Really, because there

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Speaker 1: are so many different categories, and there are lots of

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Speaker 1: good arguments for lumping certain ones together in one category.

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Speaker 1: There are some equally good arguments, oh no, this deserves

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Speaker 1: its own separate category, etcetera. Etcetera. So quite controversial categorization potentially. Yeah, yeah,

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Speaker 1: one great one for the algorithm. Yeah yeah, I think

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Speaker 1: that's I think that puts it beautifully. Mine. Now, before

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Speaker 1: we go on, before we start with before we kick

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Speaker 1: off with part one, I just want to quickly talk

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Speaker 1: about token standards because I'm going to use I'm going

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Speaker 1: to use a couple of terms that you may have

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Speaker 1: heard before, but I just want to get the jargon

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Speaker 1: out of the way so people aren't confused. So Ethereum

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Speaker 1: has what are called token standards, and there are actually

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Speaker 1: five in total, and they're referred to by by the

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Speaker 1: letters E r C and then a number. E r

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Speaker 1: C basically stands for Ethereum Request for Comments and the

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Speaker 1: most that we're only going to really talk about two

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Speaker 1: categories of Ethereum token today. We're going to talk about

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Speaker 1: E r C twenty tokens, which are the most abundant

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Speaker 1: most Ethereum tokens are E r C twenties. And that

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Speaker 1: is the kind of standards fungible token on Ethereum. And

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Speaker 1: obviously by fungible we mean each one is exactly the same,

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Speaker 1: so one token is equal to another. So E r

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Speaker 1: C twin the tokens. The other category is e r

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Speaker 1: C seven twenty one, seven to one, however you want

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Speaker 1: to set it, and this is the token standard for

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Speaker 1: n f T s AH and obviously n f T

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Speaker 1: s non fungible, so each one is unique. The other

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Speaker 1: one of the other ones is also e r C

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Speaker 1: eleven fifty five and that oh yeah, that's a good

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Speaker 1: that's a good token stand yeah, just before midnight token.

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Speaker 1: And the C eleven is you have to say it

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Speaker 1: like that. That is basically a combination of an e

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Speaker 1: r C twenty and an r C seven one two

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Speaker 1: tokens become one token, the other two just out of interest.

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Speaker 1: The other two token standards on the theorym are e

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Speaker 1: r C triple seven, yeah, and e r C forty

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Speaker 1: six twenty six. And I think I knew upon a

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Speaker 1: time what those are, and I don't just go back

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Speaker 1: to eleven. So that's a mix of an n f

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Speaker 1: T and a fundible one. Did you say, yeah, Yeah,

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Speaker 1: it has it has sort of qualities of both. And

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Speaker 1: it's particularly you find it more in gaming when you

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Speaker 1: kind of need, you kind of want to have something

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Speaker 1: like that. Yeah, yeah, exactly, when you want to have

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Speaker 1: kind of a mixture of fungible and unique. There will

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Speaker 1: be a limited number of yeah, of non fungible. Yeah, yeah,

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Speaker 1: it's I think you know. It makes it makes it

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Speaker 1: easier to have, you know, to have in game tokens

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Speaker 1: if you need them to sort of fulfill several different

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Speaker 1: roles to be quite versatile. So those are the yeah

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Speaker 1: E r C twenty tokens. Um, you know that's that.

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Speaker 1: That's the phrase that we'll hear most. We'll hear quite

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Speaker 1: a lot. There's also another popular another popular blockchain for

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Speaker 1: issuing token is the Binance smart chain or is it's

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Speaker 1: now known the b NB smart chain, and um they

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Speaker 1: have a similar one. It's called a BEP twenty and

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Speaker 1: that is a very common type of token. I've got

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Speaker 1: it's gone out of my head what BEB stands for?

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Speaker 1: So I'm going to have to look it up because

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Speaker 1: I know you're going to ask me, um, binance evolution proposal.

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Speaker 1: There we are a Binance evolution proposal. Now be twenty.

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Speaker 1: Now this will these will come or black eyed peas, Yeah,

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Speaker 1: a black eyed peas to issue token. This will become relevant.

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Speaker 1: We'll talk about this towards the end when we talk

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Speaker 1: about well, I'll leave it till then. I'll leave it

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Speaker 1: a surprise. Yeah, because I don't want to. I don't

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Speaker 1: want to preview it too much. Okay, so let's crack

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Speaker 1: on with our first type of token, and that is

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Speaker 1: exchange tokens. You might remember that the last episode we

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Speaker 1: actually talked about binance coin b n B, which is

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Speaker 1: the exchange coin of Binance. Now, b n B actually

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Speaker 1: started life confusingly as a token on ethereum and has

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Speaker 1: since moved to the Binance chain to become its own coin.

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Speaker 1: So um, there is again this kind of slight overlap here,

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Speaker 1: but most exchange tokens are actually tokens, and most of

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Speaker 1: them live on Ethereum. So basically, cryptocurrency exchanges they issue

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Speaker 1: their own native tokens. They issue their own native cryptocurrencies

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Speaker 1: in the form of these tokens, and it basically function

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Speaker 1: They basically function as a sort of native currency if

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Speaker 1: you like, for these particular exchanges, and some of these

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Speaker 1: are pretty big. The LEO token, which is bit for X,

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Speaker 1: is exchange token. You've also got chronos or chronos I

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Speaker 1: never know how you said, which is crypto dot COM's um.

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Speaker 1: You've also got f t T, which is the exchange

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Speaker 1: token for f t X, and these all have multibillion

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Speaker 1: dollar market caps. These are you know, these are big cryptocurrencies.

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Speaker 1: There are a lot of them, and I think, for

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Speaker 1: I think you could also include the tokens of um

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Speaker 1: sort of centralized borrowing and lending platforms, the likes of

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Speaker 1: Nexo and Celsius. Celsius obviously a little controversial at the moment,

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Speaker 1: but they also have these kind of native tokens, and

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Speaker 1: they in the case of Nexo and Celsius, they if

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Speaker 1: you hold a certain amount of the particular token, if

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Speaker 1: you heard, hold a certain percentage of your portfolio in

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Speaker 1: in um the particular token of the of the platform,

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Speaker 1: then that can give you access to sort of special

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Speaker 1: like higher tiers of interest or better borrowing rates or

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Speaker 1: something like that. It's kind it's it's a little bit

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Speaker 1: similar to you know, kind of almost owning share of

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Speaker 1: the company. And this is where exchange tokens can get

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Speaker 1: controversial because the Securities Exchange Commission, the SEC Yeah they

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Speaker 1: you know, they classify you know, stocks shares in the

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Speaker 1: company that is a security to them, and yeah, they

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Speaker 1: get they get quite hit up about exchange tokens. So

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Speaker 1: exchange tokens they are well, I mean, I guess they're

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Speaker 1: mainly really a kind of vehicle for raising money for

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Speaker 1: the particular exchange, because they're very easy to issue, and

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Speaker 1: you know, it's very easy to attract user capital with them.

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Speaker 1: But you can they do have their own uses on

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Speaker 1: the exchange themselves, so you can use them to pay

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Speaker 1: trading fees quite a lot of the time. Like for

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Speaker 1: you know, for any exchange, you will pay whenever you

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Speaker 1: make a trade, whenever you Does that not make it

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Speaker 1: a security? Then I'm not so sure. It's because if

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Speaker 1: it's more of a currency really or yeah, well this

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Speaker 1: is what the exchanges would argue, you know, they would

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Speaker 1: they want it to be viewed as a as a

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Speaker 1: sort of native current, see, because then it's not a security. Um.

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Speaker 1: The SEC's argument is that it's like, well, you know,

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Speaker 1: but you you are by owning one of these things,

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Speaker 1: you are owning a share of that company, of that

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Speaker 1: particular exchange, and that, sir, is a security and you

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Speaker 1: have to go you have to pay a big old fine,

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Speaker 1: we'll go to jail or both, um the voice of

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Speaker 1: the SEC there. So, yeah, these exchange like you can

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Speaker 1: you're you're always going to have to pay a trading

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Speaker 1: fee in the exchange and usually if you pay that

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Speaker 1: trading fee in the native exchange token, then you'll get

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Speaker 1: you know, you'll get a lower rate. And some of

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Speaker 1: them also, um, some of them also give you kind

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Speaker 1: of if you hold the token, you can you can

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Speaker 1: sometimes vote on governance proposals for them change. Well that's different, then,

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Speaker 1: isn't it. That does make it a share, isn't it. Well? Yeah,

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Speaker 1: I mean, yeah, as you can volve. Yeah, yeah, that's true.

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Speaker 1: That's true. I think that's I think the sentence suates me.

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Speaker 1: Oh well then no, oh then yeah, oh are you

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Speaker 1: are you basically playing the part of the sec and

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Speaker 1: this no, you are you pitching for a job. They'd

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Speaker 1: be they'd be so foolish to employ me. But it

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Speaker 1: just kind of like it just it just bears a

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Speaker 1: lot of resemblances that, you know, okay, cool. Also, we

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Speaker 1: call them shares. Our currency is called a share. I

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Speaker 1: think they I think they generally try to. I think

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Speaker 1: they certainly try to steer clear of that particular of

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Speaker 1: that language. But yeah, it can be it's kind of

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Speaker 1: murky waters. Yeah. Um, these I mean, these exchange tokens

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Speaker 1: they're also you know, again going back to this idea

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Speaker 1: of kind of raising capital for the exchange. You know,

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Speaker 1: they're they're good for providing liquidity for an exchange platform

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Speaker 1: as well, you know, basically attracting money into you know

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Speaker 1: that you could that people can trade against. And as

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Speaker 1: I say, exchange tokens, they are something to be aware of,

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Speaker 1: to be wary of, um, and also the exchanges themselves

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Speaker 1: they don't help by often doing they often do buy

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Speaker 1: backs of their tokens to maintain the tokens value. And

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Speaker 1: this is very I mean, this is almost identical to

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Speaker 1: share buy backs which we see in mainstream finance. And again,

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Speaker 1: people like the SEC are like, well that that's a security,

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Speaker 1: so they've done it, like a little pros and cons

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Speaker 1: Yeah share non share, okay, cool? Um. So very few

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Speaker 1: or not certainly not all of these exchange tokens are

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Speaker 1: listed on US exchanges as a result, so it can

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Speaker 1: be it can be quite difficult for holders in the

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Speaker 1: US to get hold of, to get hold of exchange

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Speaker 1: tokens because the SEC just you know, is so can

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Speaker 1: you not just use like a proxy? And then it's

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Speaker 1: no your customer, isn't it? Yeah? Yeah, yeah, that they're

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Speaker 1: they're they're pretty strict, and it's not like Netflix with

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Speaker 1: someone access sort of like Singapore Netflix or oh no,

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Speaker 1: it's all right, I'm trading through my mom's account. She

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Speaker 1: lives in Britain. That's fine. Yeah, And I mean, for instance,

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Speaker 1: you might see anyone, um and anyone listening might be thinking, well,

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Speaker 1: I hang on exchange tokens. What coin base doesn't have

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Speaker 1: an exchange token, isn't it. Yeah, And that's that That

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Speaker 1: is one of the reasons why, um, yeah, I think

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Speaker 1: coin bases just like we just don't need this sec hassle.

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Speaker 1: And I think you know, other other US exchanges, I

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Speaker 1: mean crack and I don't think there's a crack and

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Speaker 1: exchange token as far as I know. And again this

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Speaker 1: is too this is to avoid the the problems with

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Speaker 1: security status. So exchange tokens, I mean you, quite often

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Speaker 1: we do a kind of weekly rundown in our new

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Speaker 1: section of of which particular coins or tokens have have

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Speaker 1: sort of pumped the most over the past week. And

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Speaker 1: quite often exchange tokens figure so some people do get

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Speaker 1: quite excited about them as a sort of speculative asset. You,

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Speaker 1: I mean, you have to be pretty careful because the

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Speaker 1: their prices are subject to manipulation. You know, you do

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Speaker 1: have these exchanges by deliberately buying back their tokens in

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Speaker 1: order to manipulate the value. So it's yeah, if you

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Speaker 1: if you are going to try and trade exchange tokens,

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Speaker 1: you need to proceed with caution. There is quite a

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Speaker 1: lot of manipulation that goes on. So they are you know,

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Speaker 1: they are fairly risky. M it is quite useful to

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Speaker 1: hold a little bit of you know, if you're trading

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Speaker 1: let's say you're trading on finance or or COO cooin

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Speaker 1: or whatever it is. You know, it is quite useful

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Speaker 1: to hold a little bit because you can if it

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Speaker 1: gives you access to lower trading fees, then that's you know,

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Speaker 1: that's cool, that's great. But actually trading them, actually looking

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Speaker 1: to make money off exchange, to speculate on them, is risky.

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Speaker 1: I don't I've I've never really bothered with that. Um okay, So,

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Speaker 1: and I want to tell we talked briefly about governance,

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Speaker 1: and that brings me to a sort of one of

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Speaker 1: these sort of subcategories, which is governance tokens um and

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Speaker 1: these I feel are a kind of offshoot of exchange tokens, because,

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Speaker 1: as I said, some exchange tokens do give you governance rights,

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Speaker 1: you know, voting rights for for the particular exchange UM

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Speaker 1: governance tokens are well, yeah, they're they're they're not so

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Speaker 1: much used for for trading fees rounding like that. So

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Speaker 1: these are aimed at giving holders, I say, in the

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Speaker 1: governance of a protocol, usually a decentralized exchange or a

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Speaker 1: DOW decentralized Autonomous Organization UM. And two examples that spring

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Speaker 1: to mind UNI swap, which is the biggest decentralized exchange.

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Speaker 1: It's UNI token is a good example. And then you've

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Speaker 1: got Maker DOW it's maker or mk R token. That's

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Speaker 1: those are the suit too, sort of best known examples.

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Speaker 1: I think you can actually use them to pay for

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Speaker 1: transaction fees, but they the sort of more aimed at governance,

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Speaker 1: you know, that's what That's what the protocols that issue

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Speaker 1: them sort of talk them up as. So again you

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Speaker 1: can see this kind of yeah, okay, let's move on

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Speaker 1: then to the next category, and that is stable coins. Now,

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Speaker 1: this is one of these, This is one of these

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Speaker 1: confusing one. This is one of these ones where people

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Speaker 1: sort of new to the space are like, okay, so

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Speaker 1: those are coins, right, It's like, no, they're not, they're

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Speaker 1: stable coins are tokens. Um, I don't think that. No,

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Speaker 1: there's no stable coin that runs on its own blockchain.

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Speaker 1: And this is yeah, it's a it's an annoying bit

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Speaker 1: of terminology. But I guess stable token I just didn't

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Speaker 1: have the same rings doesn't doesn't quite catch on. Now

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Speaker 1: we've talked about stable coins before. These are cryptocurrency tokens

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Speaker 1: pegged to the value of another asset, usually the US dollar.

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Speaker 1: The vast majority of stable coins are pegged to the

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Speaker 1: u S all or certainly the most valuable ones are

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Speaker 1: certainly be at the ones with the biggest market cap UM,

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Speaker 1: but other currencies are starting to be more widely represented.

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Speaker 1: And actually a Circle, which is a big company in

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Speaker 1: the U S which issues the u S d C

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Speaker 1: stable coin, has just is now issuing a euro stable coin.

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Speaker 1: EUROC is the ticker for that UM. And yeah, I

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Speaker 1: mean there are you know, there are a number of

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Speaker 1: other stable coins paid to other currencies, but they're not

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Speaker 1: in and do they run off the ethereum? Yes, yeah,

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Speaker 1: and most pretty much most stable coins will run on Ethereum,

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Speaker 1: but they do move to they are moving to other

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Speaker 1: blockchains as well. Interestingly, U s d c s official

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Speaker 1: blockchain is salana Um, but the majority of U s

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Speaker 1: DC itself is on Ethereum. So, and this is a thing,

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Speaker 1: these layer one blockchains, you know, Ethereum, the Ethereum competitors,

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Speaker 1: if you like, they are really trying to expand their

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Speaker 1: stable coin operations at the moment because in a bear

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Speaker 1: market like we're in, a lot of the you know,

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Speaker 1: the vast majority actually of the of the activity taking

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Speaker 1: place is related to stable coins because obviously these are

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Speaker 1: assets that supposedly hold their value and are much less volatile,

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Speaker 1: with some notable exceptions, which we'll mention. So if you,

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Speaker 1: if you, many of the listeners won't be able to

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Speaker 1: see this, but your face just that notable with notable exceptions. Yeah,

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Speaker 1: it's just the sort of the the perspect of talking

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Speaker 1: about ust again. Um. But yeah, as I said before,

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Speaker 1: stable coins are a really important part of the whole

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Speaker 1: crypto ecosystem. It's how most people trade in and out

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Speaker 1: of cryptos. It's where most of the liquidity in the

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Speaker 1: crypto market comes from. And as I say, lots of

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Speaker 1: layer ones. Now are you know you will? You will

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Speaker 1: eventually find, you know, most big stable coins on most

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Speaker 1: layer one blockchains, because a layer one I think really

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Speaker 1: needs to have needs to support stable coins too, you know,

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Speaker 1: to survive to stay relevant. There are There are four

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Speaker 1: types of stable coin FEAT backed, crypto backed, algorithmic and

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Speaker 1: commodity backed. Okay, fiat backed are the most widespread and

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Speaker 1: the most well known. U s d T, U s

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Speaker 1: d C, b U s D, et cetera. Now, just

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Speaker 1: a quick side note, though feat doesn't necessarily mean cash,

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Speaker 1: it doesn't necessarily mean dollars in a bank um. It

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Speaker 1: also means debt of some kind, and in the case

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Speaker 1: of the In the case of the biggest ones like

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Speaker 1: U s d C, for instance, USDC and b U

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Speaker 1: s D are largely backed by actual dollars but a

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Speaker 1: certain amount of US government debt as well. U s

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Speaker 1: d T, which is currently the biggest stable coin by

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Speaker 1: market cap, we were not really sure exactly what it's

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Speaker 1: backed by. We think it's backed by some dollars in

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Speaker 1: a bank accountans being a very elusive amount. Yeah, they

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Speaker 1: they've they've yet to they've yet to do a full

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Speaker 1: audit so we can we we've yet to really know

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Speaker 1: what the assets back in U S d t R

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Speaker 1: that the thought is that, okay, there might be a

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Speaker 1: bit of U. S government debt in there. There's also

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Speaker 1: almost certainly some corporate debt as well, and corporate debt

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Speaker 1: is a lot riskier than US government debt because obviously companies,

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Speaker 1: even big multinationals, are more likely to default on their

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Speaker 1: debts than than than the US government. So those are

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Speaker 1: fat backed, you know, actual actual, actual currency and also debt. Um.

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Speaker 1: Then you've got crypto backed, which is I mean, you know,

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Speaker 1: fairly fairly self explanatory. Die is the most d A

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Speaker 1: I is the most popular crypto backed stable coin. Us

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Speaker 1: T was the most well known algorithmic stable until that

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Speaker 1: fell off its PEG and went into a death spiral

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Speaker 1: and loads of people, loads of money. You could see

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Speaker 1: past episodes for what happened there. Um, there's now another

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Speaker 1: one being issued by Tron, which is another layer one

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Speaker 1: which is quite popular in sort of more popular in Asia,

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Speaker 1: I think than than in the West. Tron has issued

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Speaker 1: US double D which is currently not It is currently

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Speaker 1: not on its PEG. Was supposed to be worth a

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Speaker 1: dollar and last time I looked at worth about which

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Speaker 1: I mean isn't as bad as some but you're still like,

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Speaker 1: that's that's not a dollar. Um. And then you've also

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Speaker 1: got commodity backstable coins as well, packs G and tether

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Speaker 1: gold which is obviously issued by you know, the same

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Speaker 1: people who do do USDT. Those are obviously pegs to

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Speaker 1: the price of gold. Yeah, I'm not sure if it's

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Speaker 1: one triounce or yeah. Anyhow, um stable coins, as we

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Speaker 1: discussed before, are also pretty contra virtial also in the

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Speaker 1: sites of regulators, especially so in the wake of terror

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Speaker 1: and U S t S collapse. So there's almost certainly

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Speaker 1: some sort of stable coin regulation incoming in you know,

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Speaker 1: in the in the coming months or so I would

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Speaker 1: think coming months, certainly years and yeah, so stable stable

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Speaker 1: coins are a very big category. With the stable coin regulation,

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Speaker 1: Who's going to regulate that? Just the US government and

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Speaker 1: then that kind of just gets defaulted across the world

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Speaker 1: or well, the U S. Government I think is generally

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Speaker 1: seen as you know, as something of a trend setter

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Speaker 1: in that regard. Um, So what yeah, what the where

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Speaker 1: the U S goes? Most of the rest of the world, well,

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Speaker 1: I say, most of the rest of the world. Most

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Speaker 1: of the rest of the Western world, if you like,

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Speaker 1: will follow. The EU is currently putting some stable coin

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Speaker 1: regulations through various countries. Here in the UK, before before

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Speaker 1: our political system collapsed into case, there was talk about

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Speaker 1: there was talk about stable coin regulation too, and it's

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Speaker 1: it's not all bad, you know. I think I think

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Speaker 1: some some well thought out regulation for stable coins could

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Speaker 1: be a good thing. And what a lot of people

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Speaker 1: are speculating is that the US government should really be

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Speaker 1: very much in favor of stable coins because especially if

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Speaker 1: they're keeps the dollar back. Yeah, it keeps the dollar irrelevant. Yeah,

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Speaker 1: it keeps the dollars. It's going to be much much

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Speaker 1: easier for the dollar to maintain its status as the

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Speaker 1: world's reserve currency if everyone is trading in these dollar

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Speaker 1: back stable coins, because it drives demand for actual dollars

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Speaker 1: and US government debt, which is obviously, you know, a

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Speaker 1: net gain for Uncle Sam. So yes, stable coin regulation coming,

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Speaker 1: it's gonna be. It's going to be interesting to see.

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Speaker 1: It's it's gonna be it's going to vary from from

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Speaker 1: country to country, but yeah, I think some sort of

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Speaker 1: regulation is going to come sooner rather than later. Shall

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Speaker 1: we take a quick break to consider the joys of

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Speaker 1: stable coin regulations. Welcome back to part two and of

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Speaker 1: this episode, The different types of cryptocurrency tokens categorization time. Okay,

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Speaker 1: so let's talk about layer two tokens. This is an important, little,

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Speaker 1: important little category. The term layer two has become a

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Speaker 1: popular one in crypto over the last year or so.

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Speaker 1: We've discussed layer twos before. These are basically secondary platforms

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Speaker 1: that exist to take some of the workload off a

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Speaker 1: layer one blockchain to allow for more transactions to be processed.

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Speaker 1: So sometimes known as off chain solutions. They work in

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Speaker 1: in various different ways, but they're kind of end game

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Speaker 1: is the same. The majority of layer two's exists for

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Speaker 1: Ethereum because yeah, and God knows Ethereum needs them really

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Speaker 1: because there is there is so much even now, even

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Speaker 1: in even in bear market times, there's so much activity

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Speaker 1: that you know, any anything that can be taken off

427
00:26:21,080 --> 00:26:26,800
Speaker 1: the main Ethereum chain is welcome um. So they do exist.

428
00:26:26,880 --> 00:26:30,120
Speaker 1: Layer two's are not unique to Ethereum, and interestingly, if

429
00:26:30,119 --> 00:26:32,920
Speaker 1: you think about it, the Lightning network is essentially a

430
00:26:33,000 --> 00:26:37,479
Speaker 1: layer two for Bitcoin. Yeah, it has a similar function.

431
00:26:38,119 --> 00:26:41,359
Speaker 1: Although the Lightning network doesn't have its own token because

432
00:26:41,640 --> 00:26:45,040
Speaker 1: you know, that would be that would drive bitcoin as wild.

433
00:26:45,240 --> 00:26:46,959
Speaker 1: You know, the Lightning network is all about you know,

434
00:26:46,960 --> 00:26:50,720
Speaker 1: transferring BTC anyway, you know, between people, so it doesn't

435
00:26:50,760 --> 00:26:52,200
Speaker 1: it wouldn't make sense for it to have its own

436
00:26:52,240 --> 00:26:56,800
Speaker 1: token anyway. Um, Okay, there are there are lots of

437
00:26:56,840 --> 00:26:59,880
Speaker 1: Ethereum Layer two projects with their own tokens more seen

438
00:27:00,040 --> 00:27:03,119
Speaker 1: to be appearing. The most popular one, the one that

439
00:27:03,160 --> 00:27:07,120
Speaker 1: most people will have heard of, is Polygon, which issues

440
00:27:07,160 --> 00:27:10,960
Speaker 1: the matic token UM. And this is you know, Polygon

441
00:27:11,080 --> 00:27:14,560
Speaker 1: is a top top top thirty crypto by market cap.

442
00:27:14,680 --> 00:27:18,480
Speaker 1: It's it's a it's a big old project. And actually yesterday,

443
00:27:18,800 --> 00:27:22,440
Speaker 1: um it was it was in the news because Polygon

444
00:27:22,520 --> 00:27:25,640
Speaker 1: has managed to attract a lot of developers, a lot

445
00:27:25,640 --> 00:27:29,880
Speaker 1: of projects that were building on Terror obviously, the now

446
00:27:30,000 --> 00:27:34,080
Speaker 1: defunct Terror. So Polygons has sort of thrown quite a

447
00:27:34,080 --> 00:27:35,879
Speaker 1: lot of quite a lot of money at you know,

448
00:27:36,080 --> 00:27:41,040
Speaker 1: incentivizing developers to to move their projects over to its chain. Obviously,

449
00:27:41,080 --> 00:27:43,879
Speaker 1: this money has sort of come largely from sales of

450
00:27:43,960 --> 00:27:47,840
Speaker 1: the matic token UM. But yeah, so Layer two's are

451
00:27:47,920 --> 00:27:50,600
Speaker 1: you know, are are a big are a big category.

452
00:27:51,040 --> 00:27:54,840
Speaker 1: There's also the likes of Optimism that launched its op

453
00:27:55,080 --> 00:27:59,080
Speaker 1: op token recently. Optimism works in a in a slightly

454
00:27:59,080 --> 00:28:01,800
Speaker 1: different way to Holly Gone, but again the end game

455
00:28:01,840 --> 00:28:04,560
Speaker 1: is the same um. And the tokens for Layer two's

456
00:28:04,600 --> 00:28:08,639
Speaker 1: are used mainly to pay the much smaller transaction fees

457
00:28:08,640 --> 00:28:11,560
Speaker 1: that Layer two networks charge, which since why you know

458
00:28:11,600 --> 00:28:14,440
Speaker 1: people want to use them. Um. They can also be

459
00:28:14,560 --> 00:28:18,520
Speaker 1: staked to secure the network itself in a lot of cases,

460
00:28:18,840 --> 00:28:23,240
Speaker 1: and they some of them have governance purposes as well. Cool.

461
00:28:23,400 --> 00:28:26,120
Speaker 1: So those are Layer two tokens. Um. Yeah, a small

462
00:28:26,160 --> 00:28:31,119
Speaker 1: but important category. Now this next category is is a

463
00:28:31,160 --> 00:28:33,920
Speaker 1: wide one, is a very is a very big category,

464
00:28:33,960 --> 00:28:35,919
Speaker 1: and I think it's one of these ones that you

465
00:28:36,000 --> 00:28:40,040
Speaker 1: could end up pouring a whole load of different tokens into.

466
00:28:40,440 --> 00:28:43,200
Speaker 1: And actually I was talking about this with one of

467
00:28:43,240 --> 00:28:45,960
Speaker 1: my colleagues that at Coinbuera just the other day. So

468
00:28:46,480 --> 00:28:51,480
Speaker 1: this is utility tokens. And what what Dan, my colleague said,

469
00:28:51,480 --> 00:28:53,720
Speaker 1: when I was talking about it. He said, well, I

470
00:28:53,760 --> 00:28:56,640
Speaker 1: mean you could argue that that all tokens have some

471
00:28:56,800 --> 00:29:01,640
Speaker 1: utilities utility, Yeah, apart from meme coins and shiph um.

472
00:29:01,800 --> 00:29:04,680
Speaker 1: So it is it is a very wide category, and

473
00:29:04,720 --> 00:29:07,440
Speaker 1: some people I think would lump things like exchange tokens

474
00:29:07,480 --> 00:29:12,360
Speaker 1: into the utility token in bracket, but I've chosen to

475
00:29:12,560 --> 00:29:15,760
Speaker 1: separate them for this. And if you yeah, I know,

476
00:29:15,960 --> 00:29:18,280
Speaker 1: I know, just well, you know me, I just like

477
00:29:18,400 --> 00:29:22,800
Speaker 1: to make crazy off the cuff decision decisions. What are

478
00:29:22,840 --> 00:29:28,760
Speaker 1: your reckless utility coin generalizations? All right, hold onto your

479
00:29:28,800 --> 00:29:32,920
Speaker 1: hold onto your butts. Okay, So, the official definition of

480
00:29:32,960 --> 00:29:36,160
Speaker 1: a utility token is that it is sold to fund

481
00:29:36,320 --> 00:29:40,280
Speaker 1: the development of a crypto project and then later on

482
00:29:40,880 --> 00:29:45,360
Speaker 1: plays a role within that project's ecosystem. Now cast your

483
00:29:45,360 --> 00:29:48,080
Speaker 1: mind back to when we were talking about ethereum coin

484
00:29:48,160 --> 00:29:51,680
Speaker 1: or whatever. Well, then, yeah, yeah, that that could yeah

485
00:29:51,720 --> 00:29:55,360
Speaker 1: that that that could be something deemed to be a

486
00:29:55,440 --> 00:29:57,560
Speaker 1: kind of want to be utility token, even though it

487
00:29:57,680 --> 00:30:00,760
Speaker 1: ended up ended up being a chip coin um. But

488
00:30:00,800 --> 00:30:05,280
Speaker 1: a good example here is the is the Basic Attention

489
00:30:05,360 --> 00:30:07,960
Speaker 1: Token BAT. Now we talked about this when we talked

490
00:30:07,960 --> 00:30:10,120
Speaker 1: about a theorem in the I c O boom of

491
00:30:11,200 --> 00:30:15,960
Speaker 1: because that is the native token of the Brave browser,

492
00:30:16,240 --> 00:30:21,480
Speaker 1: and Brave conducted this. This is the this is the

493
00:30:21,560 --> 00:30:25,000
Speaker 1: decentralized web browser with kind of built in privacy features

494
00:30:25,400 --> 00:30:27,800
Speaker 1: and stuff, and and BAT is the kind of native

495
00:30:27,840 --> 00:30:30,360
Speaker 1: token of that. So you can earn BAT for watching

496
00:30:30,560 --> 00:30:34,040
Speaker 1: targeted ads and things like that, and you can you

497
00:30:34,080 --> 00:30:36,760
Speaker 1: can do things like tip creators if you watch you know,

498
00:30:36,800 --> 00:30:38,800
Speaker 1: if you what if someone was watching one of your

499
00:30:39,280 --> 00:30:43,840
Speaker 1: comedy videos on on using the Brave Browser and they thought, ah,

500
00:30:43,960 --> 00:30:45,880
Speaker 1: that's that's funny. I mean, you know, on the off

501
00:30:45,960 --> 00:30:49,000
Speaker 1: chance then they could, you know, they could send you

502
00:30:49,040 --> 00:30:52,640
Speaker 1: a tip in bat. You know, so it's baby Got Bat,

503
00:30:52,920 --> 00:30:57,320
Speaker 1: Baby Got Bat. So it's actually, you know, that is

504
00:30:57,360 --> 00:31:00,720
Speaker 1: one of these interesting projects and when to be confused

505
00:31:00,760 --> 00:31:03,280
Speaker 1: with the tie bart. Not to be confused with the

506
00:31:03,320 --> 00:31:05,840
Speaker 1: tie bart. No, there could be there could be issues

507
00:31:05,840 --> 00:31:08,800
Speaker 1: of the issue of but stay one. Just make sure

508
00:31:08,840 --> 00:31:13,440
Speaker 1: you include that. H it's you might remember that Brave

509
00:31:13,560 --> 00:31:16,040
Speaker 1: Actually it raised an enormous amount of money at this

510
00:31:16,120 --> 00:31:18,880
Speaker 1: i c O and in something like twenty minutes. It

511
00:31:18,960 --> 00:31:22,000
Speaker 1: was it was one of these insane ones. And I mean,

512
00:31:22,120 --> 00:31:25,000
Speaker 1: I use the Brave Browser. It's brilliant. I really really

513
00:31:25,000 --> 00:31:27,080
Speaker 1: like it. It seems to be getting a lot of

514
00:31:27,120 --> 00:31:33,760
Speaker 1: adoption that itself is fairly volatile, but it's kind of

515
00:31:33,760 --> 00:31:35,440
Speaker 1: stuck around and I think it's you know, I think

516
00:31:35,440 --> 00:31:38,840
Speaker 1: it's a really good really good project, and I think,

517
00:31:39,080 --> 00:31:42,040
Speaker 1: you know, I think it can certainly stick around in

518
00:31:42,360 --> 00:31:44,520
Speaker 1: you know, into the future. What was the one which

519
00:31:44,560 --> 00:31:48,640
Speaker 1: was the journalism one, the journal that the I c

520
00:31:48,760 --> 00:31:51,800
Speaker 1: O rais there was some coin or something like that

521
00:31:51,880 --> 00:31:56,360
Speaker 1: where it was all about finding truth in journalism or

522
00:31:56,400 --> 00:32:00,560
Speaker 1: can't remember, Oh are weave? There's the storage one? That

523
00:32:00,640 --> 00:32:02,560
Speaker 1: was it? Ye? Yeah, yeah, yeah, so that was a

524
00:32:02,600 --> 00:32:06,040
Speaker 1: storage Yeah, a storage coin. There are also storage tokens,

525
00:32:06,520 --> 00:32:09,400
Speaker 1: but I haven't put them. I mean I guess yes

526
00:32:09,520 --> 00:32:14,520
Speaker 1: you could, yeah yeah, so um yeah, and obviously yeah,

527
00:32:14,560 --> 00:32:17,880
Speaker 1: that's our weave is a way of of kind of

528
00:32:17,960 --> 00:32:23,760
Speaker 1: archiving decentralized storage. Yeah. So again if that was if

529
00:32:23,760 --> 00:32:27,880
Speaker 1: our weave was token, then yeah, I think you could

530
00:32:27,880 --> 00:32:31,480
Speaker 1: include in this, in this in this large bracket. Um,

531
00:32:31,640 --> 00:32:34,360
Speaker 1: so yeah, you could say. I mean, I think in

532
00:32:34,400 --> 00:32:38,640
Speaker 1: the case of BAT, certainly the utility of that is

533
00:32:38,640 --> 00:32:42,720
Speaker 1: fairly obvious. And obviously the sales of BAT very much

534
00:32:42,760 --> 00:32:45,640
Speaker 1: funded the development of, you know, the further development of

535
00:32:45,800 --> 00:32:48,360
Speaker 1: the browser, of the whole project. Oh, I've made a

536
00:32:48,400 --> 00:32:51,760
Speaker 1: note of it here. Um thirty five million dollars in

537
00:32:51,880 --> 00:32:58,000
Speaker 1: twenty four seconds. Not bad, pretty good. Another good example

538
00:32:58,240 --> 00:33:02,960
Speaker 1: of a utility token is chain links link, and now

539
00:33:03,160 --> 00:33:09,320
Speaker 1: chain link is an oracle. Cryptocurrency and oracles basically provide

540
00:33:09,400 --> 00:33:14,480
Speaker 1: data feed data feeds for DAPs to use. Okay, so

541
00:33:14,560 --> 00:33:18,520
Speaker 1: let's say you have UM, well, I mean regular apps

542
00:33:19,280 --> 00:33:22,040
Speaker 1: get their data from kind of centralized sources known as

543
00:33:22,080 --> 00:33:29,800
Speaker 1: a p I S Application programming interfaces. Yeah, DAPs, application

544
00:33:30,840 --> 00:33:37,080
Speaker 1: application bit of bread integers. Yeah, that was great. Um,

545
00:33:37,240 --> 00:33:41,280
Speaker 1: DAPs get Rather than get their's from the centralized sources, DAPs,

546
00:33:41,320 --> 00:33:45,040
Speaker 1: decentralized applications get their's from decentralized sources, which are known

547
00:33:45,160 --> 00:33:49,360
Speaker 1: as oracles. And basically, oracles collate data from as many

548
00:33:49,480 --> 00:33:52,560
Speaker 1: different sources as possible and then they provide a kind

549
00:33:52,560 --> 00:33:56,400
Speaker 1: of average figure as an answer. So if you were,

550
00:33:56,440 --> 00:33:59,480
Speaker 1: if you are, you know, if you had a betting DAP,

551
00:33:59,600 --> 00:34:02,720
Speaker 1: say that offered you know, that was offering betting on

552
00:34:02,760 --> 00:34:05,440
Speaker 1: a particular race or something like that, then whichever oracle

553
00:34:05,920 --> 00:34:08,920
Speaker 1: this DAP was using might might pull the pull the

554
00:34:08,920 --> 00:34:12,439
Speaker 1: odds from all the kind of online bookmakers and then

555
00:34:12,680 --> 00:34:14,799
Speaker 1: you know, give you an average. That's that's how that's

556
00:34:14,840 --> 00:34:20,600
Speaker 1: how they work. So um, average oracle, an average oracle, Yeah,

557
00:34:20,719 --> 00:34:24,600
Speaker 1: it's um. And then the oracle token in the case

558
00:34:24,600 --> 00:34:27,759
Speaker 1: of chain Link, this link token is then used to

559
00:34:27,920 --> 00:34:32,680
Speaker 1: pay for this data from these from these data providers.

560
00:34:32,800 --> 00:34:35,640
Speaker 1: So I mean again, you can probably see that there's

561
00:34:35,680 --> 00:34:38,799
Speaker 1: a there's a definite utility for that particular token. Now,

562
00:34:38,920 --> 00:34:41,440
Speaker 1: chain link is the biggest and the best known oracle

563
00:34:41,520 --> 00:34:44,879
Speaker 1: crypto by quite a long way, actually, But there are

564
00:34:44,960 --> 00:34:49,040
Speaker 1: others like band protocol and a p I three, which

565
00:34:49,080 --> 00:34:51,840
Speaker 1: do you know, kind of similar stuff but in in

566
00:34:51,920 --> 00:34:55,640
Speaker 1: a slightly different way. Um. And actually when I did

567
00:34:55,680 --> 00:34:58,239
Speaker 1: a I did a video about the different types of

568
00:34:58,440 --> 00:35:03,279
Speaker 1: cryptocurrency I think was last year, and the categories I

569
00:35:03,360 --> 00:35:05,840
Speaker 1: used there were much wider, and I actually had oracle

570
00:35:05,920 --> 00:35:09,360
Speaker 1: cryptos in a category kind of all by themselves because

571
00:35:09,880 --> 00:35:13,200
Speaker 1: it's it's a small but very important niche. You depths

572
00:35:13,239 --> 00:35:16,239
Speaker 1: really need these oracle cryptos in order to in order

573
00:35:16,280 --> 00:35:20,279
Speaker 1: to function. Um. But yeah, in this in this point,

574
00:35:20,320 --> 00:35:22,839
Speaker 1: I thought, I'm just because there aren't that many of them,

575
00:35:22,880 --> 00:35:27,600
Speaker 1: I'm going to lump them in with utility tokens here. Um. Now,

576
00:35:27,640 --> 00:35:31,200
Speaker 1: there are a lot of other utility tokens out there,

577
00:35:31,280 --> 00:35:35,120
Speaker 1: and you know which ones, which particular tokens qualify or

578
00:35:35,200 --> 00:35:38,399
Speaker 1: don't for this niche are really up for debate. Now,

579
00:35:38,600 --> 00:35:42,520
Speaker 1: some might argue that things like game fi and metaverse

580
00:35:42,600 --> 00:35:47,400
Speaker 1: tokens are utility tokens, and others would argue that they

581
00:35:47,440 --> 00:35:50,959
Speaker 1: deserve their own separate category. Well, I'm going to lump

582
00:35:51,000 --> 00:35:54,680
Speaker 1: them in with utility tokens because because I you know,

583
00:35:54,800 --> 00:35:58,279
Speaker 1: I do what I want. Um this, I mean it

584
00:35:58,400 --> 00:36:01,319
Speaker 1: is growing game fire and meta versus. You know, that

585
00:36:01,360 --> 00:36:04,200
Speaker 1: whole sector is growing so fast, I think it'll probably

586
00:36:04,320 --> 00:36:07,600
Speaker 1: bust out into its own category before long. Um. But

587
00:36:08,239 --> 00:36:10,960
Speaker 1: game fire and metaverse tokens are those designed to be

588
00:36:11,040 --> 00:36:15,960
Speaker 1: used within blockchain gaming ecosystems or within metaverse worlds and

589
00:36:16,000 --> 00:36:18,480
Speaker 1: things like that. So, um, if you were to take

590
00:36:18,520 --> 00:36:20,799
Speaker 1: a look at the charts, you know, the biggest cryptocurrency

591
00:36:20,840 --> 00:36:23,040
Speaker 1: is the ones that you you might suppot ape coin

592
00:36:24,160 --> 00:36:27,720
Speaker 1: and actually infinities a excess. They're the kind of largest

593
00:36:27,800 --> 00:36:32,560
Speaker 1: game five tokens by market cap at the momentum. You've

594
00:36:32,600 --> 00:36:36,200
Speaker 1: also got the sandboxes a sand token, and de Central

595
00:36:36,280 --> 00:36:39,600
Speaker 1: and Manner token. They are the top sort of metaverse

596
00:36:39,640 --> 00:36:43,799
Speaker 1: tokens at the moment eight coin actually eight coin was

597
00:36:43,880 --> 00:36:47,320
Speaker 1: issued fairly recently, and it's kind of straddling this straddling

598
00:36:47,360 --> 00:36:50,160
Speaker 1: this middle ground between a metaverse token because apparently the

599
00:36:50,640 --> 00:36:53,520
Speaker 1: board Ape Yacht Club which issues it, is going to

600
00:36:53,640 --> 00:36:58,040
Speaker 1: launch its own metaverse called other Side UM and APE

601
00:36:58,120 --> 00:37:00,600
Speaker 1: will presumably be used to pay for things in that,

602
00:37:00,640 --> 00:37:02,319
Speaker 1: but you can, you know, you can do other things

603
00:37:02,400 --> 00:37:05,040
Speaker 1: in the in the APE in the board Ape ecosystem

604
00:37:05,160 --> 00:37:09,319
Speaker 1: with ape coin. UM. When you're talking about things like

605
00:37:09,360 --> 00:37:12,560
Speaker 1: the Sandbox and de central Land as well, that it

606
00:37:12,640 --> 00:37:15,320
Speaker 1: can get a bit confusing because the Central Land, for example,

607
00:37:15,680 --> 00:37:19,200
Speaker 1: has two tokens. One is Manner, which is the kind

608
00:37:19,239 --> 00:37:24,000
Speaker 1: of in game currency, and the other is Land, which

609
00:37:24,080 --> 00:37:27,520
Speaker 1: is obviously plots of land within the de central Land metaverse.

610
00:37:27,800 --> 00:37:30,560
Speaker 1: Now these are issued as n f t s as

611
00:37:30,600 --> 00:37:35,360
Speaker 1: e r C seven twenty one. The yeah yeah, but

612
00:37:35,960 --> 00:37:43,799
Speaker 1: it's the at the moment, you know these yes there

613
00:37:43,880 --> 00:37:46,600
Speaker 1: may yeah that that may that may come in in

614
00:37:46,640 --> 00:37:49,799
Speaker 1: the future. UM and tokens like these they can be

615
00:37:49,880 --> 00:37:52,759
Speaker 1: used to buy virtual land, or they can be used

616
00:37:52,760 --> 00:37:56,120
Speaker 1: as in game currencies. They're mostly kind of speculative at

617
00:37:56,120 --> 00:37:58,239
Speaker 1: the moment, you know, their success is very much or

618
00:37:59,719 --> 00:38:03,120
Speaker 1: the yeah yeah. The more people that use these meta verses,

619
00:38:04,200 --> 00:38:06,040
Speaker 1: the more are they still Because there was a lot

620
00:38:06,040 --> 00:38:09,080
Speaker 1: of hype around them, wasn't the hype still there. It's

621
00:38:09,200 --> 00:38:11,279
Speaker 1: kind of it's kind of died off. I mean that

622
00:38:11,400 --> 00:38:14,040
Speaker 1: the tokens themselves, things like sand and Manner, you know,

623
00:38:14,080 --> 00:38:16,880
Speaker 1: for the sand boxing de Central Land. They are still

624
00:38:17,000 --> 00:38:19,160
Speaker 1: they are still very big, they still have very large

625
00:38:19,200 --> 00:38:22,239
Speaker 1: market caps. But there was a massive amount of hype

626
00:38:22,239 --> 00:38:25,680
Speaker 1: in them last year. Do you remember when Facebook rebranded

627
00:38:25,680 --> 00:38:29,800
Speaker 1: to Meta That basically lit a fire under the under

628
00:38:29,920 --> 00:38:32,839
Speaker 1: tokens like these you know, under metaverse tokens and also

629
00:38:32,920 --> 00:38:37,000
Speaker 1: game fire tokens, and the whole sector went really crazy

630
00:38:37,080 --> 00:38:39,400
Speaker 1: and got and got really overheated and things like that.

631
00:38:39,640 --> 00:38:44,600
Speaker 1: Um so yeah, that hypers that hyper has dissipated quite

632
00:38:44,600 --> 00:38:47,080
Speaker 1: a lot. But I mean, these projects are still going

633
00:38:47,480 --> 00:38:50,320
Speaker 1: and it's going to be really interesting to see which,

634
00:38:50,920 --> 00:38:55,520
Speaker 1: you know, a which blockchain games catch on, because I mean,

635
00:38:55,719 --> 00:38:57,239
Speaker 1: as I say, the biggest one at the moment is

636
00:38:57,239 --> 00:38:59,279
Speaker 1: actually Infinity. I don't know if you're familiar with that.

637
00:39:00,160 --> 00:39:03,880
Speaker 1: You basically battle these sort of cartoon monsters and you

638
00:39:04,480 --> 00:39:10,960
Speaker 1: breathe them and there's you know, it's like virtual dragon fighting, yeah,

639
00:39:11,080 --> 00:39:16,000
Speaker 1: but not quite as exciting. It's very sort of visually,

640
00:39:16,040 --> 00:39:18,759
Speaker 1: it's not all that to me. I've kind of I

641
00:39:20,040 --> 00:39:21,560
Speaker 1: fiddled around with it for a bit when I was

642
00:39:21,560 --> 00:39:24,440
Speaker 1: researching a video on them, and it was just like,

643
00:39:24,480 --> 00:39:26,239
Speaker 1: do you know what this is? I can see what

644
00:39:26,280 --> 00:39:28,279
Speaker 1: you're trying to do, but it's not really for me.

645
00:39:28,960 --> 00:39:33,239
Speaker 1: But actually, Infinity in particular is famous because there were

646
00:39:33,239 --> 00:39:36,359
Speaker 1: people in the Philippines playing and actually earning money from it.

647
00:39:37,000 --> 00:39:41,480
Speaker 1: And it also has another in game token called s

648
00:39:41,640 --> 00:39:44,280
Speaker 1: LP which I can't remember if it's smooth or Special

649
00:39:44,320 --> 00:39:47,040
Speaker 1: Love Potion or something like that, which you use for

650
00:39:47,239 --> 00:39:50,120
Speaker 1: breeding these axes and stuff. It all gets quite that

651
00:39:50,200 --> 00:39:52,879
Speaker 1: sounds quite dodgy. It does a little bit, doesn't it.

652
00:39:52,960 --> 00:39:57,440
Speaker 1: But not dodgy, not dodgy in a in a legal sense.

653
00:39:58,000 --> 00:40:02,560
Speaker 1: But yes, So it's the game five, the metaverse niche.

654
00:40:03,000 --> 00:40:04,680
Speaker 1: You know, these tokens are definitely going to be one

655
00:40:04,719 --> 00:40:09,239
Speaker 1: to watch because I think sooner or later a metaverse

656
00:40:09,520 --> 00:40:11,560
Speaker 1: is going to come along. People are going to go

657
00:40:11,640 --> 00:40:14,680
Speaker 1: created for it. Yeah, because if you try outcome the

658
00:40:15,560 --> 00:40:18,600
Speaker 1: sort of the standard one that everyone Yeah, because there's

659
00:40:18,640 --> 00:40:22,000
Speaker 1: so many, isn't there? There are a lot, And the

660
00:40:22,160 --> 00:40:25,200
Speaker 1: sand box is the one that's kind of decentralizes it. Yeah,

661
00:40:25,239 --> 00:40:28,279
Speaker 1: Sandboxing decentral Land are both. You know, they're both decentralized

662
00:40:28,320 --> 00:40:31,040
Speaker 1: metaverse projects, but you know, you do have the likes

663
00:40:31,120 --> 00:40:34,719
Speaker 1: I mean Meta obviously Microsoft as well has been making

664
00:40:34,760 --> 00:40:38,000
Speaker 1: noises about having its own metaverse and stuff like that.

665
00:40:38,080 --> 00:40:41,279
Speaker 1: Now these, I mean, the worry is that these are

666
00:40:41,280 --> 00:40:43,960
Speaker 1: the ones that catch on because obviously Meta and Microsoft

667
00:40:44,000 --> 00:40:46,920
Speaker 1: and all these others have vast amounts of money to

668
00:40:47,040 --> 00:40:51,040
Speaker 1: throw at creating these metaverse is, making them visually engaging,

669
00:40:51,120 --> 00:40:53,799
Speaker 1: making them places where people want spent out. If you

670
00:40:53,840 --> 00:40:57,359
Speaker 1: go into decentral Land for example, I mean, you know

671
00:40:57,560 --> 00:41:00,600
Speaker 1: it's cool. Well, I mean you can can access it.

672
00:41:00,640 --> 00:41:03,440
Speaker 1: You can access it via the via the web, via

673
00:41:03,440 --> 00:41:05,440
Speaker 1: your browser, but you know, you go and kind of

674
00:41:05,520 --> 00:41:09,120
Speaker 1: mess around in there and stuff. You know, it's getting better,

675
00:41:09,160 --> 00:41:14,080
Speaker 1: but it's not like it's not visually amazing. Um, so

676
00:41:14,280 --> 00:41:16,759
Speaker 1: there is still there's there's still a lot of development

677
00:41:16,800 --> 00:41:19,799
Speaker 1: for this. But I mean, the argument is that we're

678
00:41:19,840 --> 00:41:23,399
Speaker 1: all in the not too distant future, we're all going

679
00:41:23,400 --> 00:41:25,880
Speaker 1: to be spending quite a lot of time in the

680
00:41:25,960 --> 00:41:28,319
Speaker 1: metaverse in some way, shape or form, and what we

681
00:41:28,400 --> 00:41:31,880
Speaker 1: want is decentralized metaversees and ideally, you know, ones that

682
00:41:31,920 --> 00:41:35,560
Speaker 1: you can easily move between. Because I think the worry

683
00:41:35,680 --> 00:41:38,239
Speaker 1: is that if if a big corporation comes up with

684
00:41:38,280 --> 00:41:40,440
Speaker 1: its own they're going to wall it off. And yeah, exactly,

685
00:41:40,440 --> 00:41:42,360
Speaker 1: it's going to be like a walled garden and it

686
00:41:42,400 --> 00:41:44,080
Speaker 1: will be really cool. But you know, you won't be

687
00:41:44,120 --> 00:41:46,920
Speaker 1: able to They won't They won't want you taking value

688
00:41:46,960 --> 00:41:49,719
Speaker 1: out of that. Microsoft won't want you taking value out

689
00:41:49,719 --> 00:41:52,880
Speaker 1: of its metaverse and going and spending it in Apple's metaverse,

690
00:41:53,120 --> 00:41:57,400
Speaker 1: metas metaverse or Walgreen's metal whatever it's going to be,

691
00:41:57,560 --> 00:42:01,680
Speaker 1: you know. Um, So yeah, the hope is that we

692
00:42:01,719 --> 00:42:04,759
Speaker 1: can you know, that we can end up with if

693
00:42:04,800 --> 00:42:07,480
Speaker 1: we are going to have this sort of massive online metaverse,

694
00:42:07,520 --> 00:42:10,120
Speaker 1: then you can easily move between them and stuff. So

695
00:42:10,239 --> 00:42:14,920
Speaker 1: it's a it's a category to to watch closely. Um. Okay,

696
00:42:15,000 --> 00:42:19,960
Speaker 1: So that's that's kind of utility tokens. And again, like

697
00:42:20,000 --> 00:42:22,200
Speaker 1: there are tons, and I think you can you can

698
00:42:22,280 --> 00:42:26,200
Speaker 1: lump a lot into that bracket. Um. But yeah, some

699
00:42:26,239 --> 00:42:28,840
Speaker 1: of them are kind of like the examples that I

700
00:42:28,960 --> 00:42:32,120
Speaker 1: use bat and link a kind of you know, pretty

701
00:42:32,160 --> 00:42:34,400
Speaker 1: obvious the utility for that. Some of the others are

702
00:42:34,400 --> 00:42:38,399
Speaker 1: a little harder to spot. But okay, so let's take

703
00:42:38,840 --> 00:42:41,160
Speaker 1: let's take one more break and then let's talk about

704
00:42:41,200 --> 00:42:44,160
Speaker 1: the last two big categories of token that I want

705
00:42:44,200 --> 00:43:03,560
Speaker 1: to cover today. Welcome back to Part three, PARTI. There

706
00:43:03,560 --> 00:43:07,080
Speaker 1: are two remaining categories of token that I want to

707
00:43:07,080 --> 00:43:11,839
Speaker 1: talk about today. Nuts, yes, good old nufts, n f

708
00:43:11,920 --> 00:43:15,799
Speaker 1: T s non fungible tokens. We've covered these number of

709
00:43:15,840 --> 00:43:17,480
Speaker 1: times before. We talked about them a lot when we

710
00:43:17,480 --> 00:43:21,479
Speaker 1: talked about ethereum for anyone who's forgotten or didn't listen

711
00:43:21,520 --> 00:43:24,880
Speaker 1: to previous episodes. And n f T and non fungible

712
00:43:24,880 --> 00:43:28,680
Speaker 1: token is a token which denotes ownership on a blockchain

713
00:43:29,239 --> 00:43:34,040
Speaker 1: of the asset that the token itself represents. And this

714
00:43:34,239 --> 00:43:35,920
Speaker 1: is n f t s are one of the big

715
00:43:36,280 --> 00:43:39,640
Speaker 1: breakout niches of crypto over the last couple of years.

716
00:43:39,680 --> 00:43:43,680
Speaker 1: It's gone really really crazy um and a lot of

717
00:43:43,719 --> 00:43:46,640
Speaker 1: these you know, cartoon cartoon monkeys and things like that,

718
00:43:46,800 --> 00:43:49,040
Speaker 1: pictures of apes are you know, they are n f

719
00:43:49,080 --> 00:43:52,040
Speaker 1: t s. They have really sort of uh, they've been

720
00:43:52,080 --> 00:43:55,560
Speaker 1: the most visible part of the n f T ecosystem

721
00:43:55,760 --> 00:43:58,920
Speaker 1: and they've attracted a lot of attention. They've attacked attracted

722
00:43:58,960 --> 00:44:00,919
Speaker 1: a lot of criticism. But because a lot of people

723
00:44:00,920 --> 00:44:04,960
Speaker 1: are like, why are people paying so much money for

724
00:44:05,000 --> 00:44:10,240
Speaker 1: a picture of a monkey, and yeah, it's it's a

725
00:44:10,360 --> 00:44:13,680
Speaker 1: One could argue that the Mona Lisa is the picture

726
00:44:13,719 --> 00:44:17,040
Speaker 1: of a monkey is something. Well, yes, we're all yeah,

727
00:44:17,080 --> 00:44:21,640
Speaker 1: the Mona Lisa is just a particular particular type of monkey. Um,

728
00:44:21,640 --> 00:44:23,560
Speaker 1: it's a it's a rabbit hole that goes that goes

729
00:44:23,600 --> 00:44:25,160
Speaker 1: pretty deep. And f T s and like I said,

730
00:44:25,200 --> 00:44:28,120
Speaker 1: we we've discussed them before, but n f T s

731
00:44:28,120 --> 00:44:30,759
Speaker 1: are issued on a lot of layer one blockchains. They

732
00:44:30,760 --> 00:44:32,520
Speaker 1: originated on a theorem. Do you remember it was the

733
00:44:32,560 --> 00:44:36,120
Speaker 1: cryptoties which were the first big n f T project

734
00:44:36,800 --> 00:44:41,520
Speaker 1: and its depressed old depressed healths. Was that the one

735
00:44:41,560 --> 00:44:45,440
Speaker 1: we were going to do with depressed aut Yeah, angry badgers,

736
00:44:46,400 --> 00:44:50,000
Speaker 1: depressed badges. I was still working on it. It's coming

737
00:44:50,000 --> 00:44:53,960
Speaker 1: along well, U And the e r C seven one

738
00:44:54,280 --> 00:44:56,880
Speaker 1: token standard is the main n f T token standard

739
00:44:56,960 --> 00:45:00,680
Speaker 1: on Ethereum. But yeah, a bit like stable coins, other

740
00:45:00,760 --> 00:45:03,600
Speaker 1: layer one blockchains are are issuing n f T s,

741
00:45:03,680 --> 00:45:06,319
Speaker 1: creating their own you know, n f T marketplaces and

742
00:45:06,320 --> 00:45:08,840
Speaker 1: things like that. Again, because this is where a lot

743
00:45:08,880 --> 00:45:12,520
Speaker 1: of the activity on these blockchains comes from people buying, trading,

744
00:45:12,920 --> 00:45:16,080
Speaker 1: storing these n f T s in whatever form they are.

745
00:45:16,360 --> 00:45:18,520
Speaker 1: And it's obviously worth mentioning that n f T s

746
00:45:18,560 --> 00:45:21,839
Speaker 1: aren't just about JPEGs. They aren't just about profile picks

747
00:45:21,880 --> 00:45:23,879
Speaker 1: for your Twitter or things like that. You know, so

748
00:45:23,920 --> 00:45:26,160
Speaker 1: many things can be issued as n f T s,

749
00:45:26,160 --> 00:45:27,840
Speaker 1: and as we discussed last time, I think some of

750
00:45:27,840 --> 00:45:30,880
Speaker 1: the most exciting prospects for that are things like ticketing.

751
00:45:31,360 --> 00:45:33,880
Speaker 1: We talked about this for your your clubs. Yeah, I

752
00:45:34,000 --> 00:45:39,319
Speaker 1: sent you a a an advert that I saw on

753
00:45:39,480 --> 00:45:44,800
Speaker 1: the tube, but it wasn't on Ethereum. Weird, wasn't it. Yes,

754
00:45:45,120 --> 00:45:48,239
Speaker 1: I'm trying to remember what that was now, maybe it

755
00:45:48,360 --> 00:45:50,000
Speaker 1: was Maybe it was for n f T s. I

756
00:45:50,000 --> 00:45:52,920
Speaker 1: think the other big n f T blockchain at the moment,

757
00:45:53,000 --> 00:45:55,200
Speaker 1: certainly the one that's had a lot of adopt dollar

758
00:45:55,280 --> 00:46:00,400
Speaker 1: seat or something like that dollar seat bell Yeah, yeah,

759
00:46:00,760 --> 00:46:04,440
Speaker 1: seat lab Yeah, this and this is this was a

760
00:46:04,480 --> 00:46:07,560
Speaker 1: way this was a platform for sort of issuing issuing

761
00:46:07,600 --> 00:46:10,880
Speaker 1: tickets as n f T s. Y. Yeah. And I

762
00:46:10,880 --> 00:46:13,120
Speaker 1: mean the utility of these things again, I mean, I

763
00:46:13,160 --> 00:46:15,240
Speaker 1: suppose you could say n f T s have have

764
00:46:15,239 --> 00:46:18,920
Speaker 1: have a certain amount of utility. Perhaps there utility tokens

765
00:46:18,920 --> 00:46:23,320
Speaker 1: in their way too that you can build. You know,

766
00:46:23,360 --> 00:46:25,920
Speaker 1: there's so much that you can do potentially with n

767
00:46:25,960 --> 00:46:28,719
Speaker 1: f T S, which is why it's such such an

768
00:46:28,719 --> 00:46:31,720
Speaker 1: exciting space. And again I kind of feel that maybe

769
00:46:31,800 --> 00:46:33,960
Speaker 1: in the coming years and stuff will will sort of

770
00:46:33,960 --> 00:46:39,279
Speaker 1: move away from from pictures, yeah, and start to start

771
00:46:39,360 --> 00:46:41,759
Speaker 1: to really explore you can issue songs and albums as

772
00:46:41,840 --> 00:46:45,840
Speaker 1: n f T. Yeah, there's collectibles. Who did it, the

773
00:46:45,880 --> 00:46:51,200
Speaker 1: Kings of Leon. There was another wrapper I think sold

774
00:46:51,719 --> 00:46:57,000
Speaker 1: Oh yeah, who was that? But yeah, the possibilities are

775
00:46:57,440 --> 00:47:00,160
Speaker 1: really are almost endless for what you can do with

776
00:47:00,320 --> 00:47:03,359
Speaker 1: n f T s UM And maybe we've got we've

777
00:47:03,360 --> 00:47:05,080
Speaker 1: got a couple of people in house who are sort

778
00:47:05,080 --> 00:47:07,480
Speaker 1: of really at coin Bureau who are real n f

779
00:47:07,520 --> 00:47:09,640
Speaker 1: T experts, so maybe we'll have to get their moment.

780
00:47:12,160 --> 00:47:17,240
Speaker 1: It really was interesting this. Yeah, there's the the extras

781
00:47:17,280 --> 00:47:22,279
Speaker 1: you can do is um is where where it really

782
00:47:22,320 --> 00:47:26,000
Speaker 1: brings value. Yeah, yeah, and and sort of different levels

783
00:47:26,040 --> 00:47:27,920
Speaker 1: of you know, different tiers of n f T S

784
00:47:27,960 --> 00:47:30,240
Speaker 1: and things like that, and then sort of stops touting

785
00:47:30,440 --> 00:47:33,640
Speaker 1: and scalping, I suppose. Yeah. Yeah, that's especially yeah in

786
00:47:33,680 --> 00:47:35,640
Speaker 1: the in the in the ticketing sense, that's that's that's

787
00:47:35,640 --> 00:47:38,680
Speaker 1: a really exciting prospect as well, you know, Yeah, you

788
00:47:38,960 --> 00:47:41,000
Speaker 1: issue tickets as n f T s, not everyone can

789
00:47:41,040 --> 00:47:44,120
Speaker 1: just go up and hoover up all kind of a

790
00:47:44,120 --> 00:47:48,279
Speaker 1: bit more. Yeah, very exciting. Now, because each n f

791
00:47:48,320 --> 00:47:51,440
Speaker 1: T is a unique token and non fungible token, you

792
00:47:51,480 --> 00:47:54,240
Speaker 1: don't find them listed on the likes of coin market,

793
00:47:54,239 --> 00:47:56,720
Speaker 1: You don't see them in the rankings. You can find

794
00:47:56,800 --> 00:48:01,000
Speaker 1: some n f T marketplace tokens though, so things like

795
00:48:01,120 --> 00:48:03,759
Speaker 1: looks rare or rarable. These are These are n f

796
00:48:03,800 --> 00:48:08,000
Speaker 1: T marketplaces, and they have their own native tokens which

797
00:48:08,040 --> 00:48:10,759
Speaker 1: can be used to know basically transact on the marketplace.

798
00:48:10,800 --> 00:48:13,640
Speaker 1: You could perhaps there's perhaps an argument they're almost like

799
00:48:13,640 --> 00:48:19,000
Speaker 1: exchange tokens anyway, So that's n f T S. The

800
00:48:19,200 --> 00:48:23,520
Speaker 1: last category I want to talk about is is one

801
00:48:23,719 --> 00:48:27,520
Speaker 1: again that we've covered before but worth worth looking over again.

802
00:48:27,600 --> 00:48:30,120
Speaker 1: And this is meme coin, and I put in brackets

803
00:48:30,160 --> 00:48:32,320
Speaker 1: here ship coins as well. Now it's a little unfair

804
00:48:32,360 --> 00:48:35,759
Speaker 1: to perhaps call all meme coins ship coins, but the

805
00:48:36,360 --> 00:48:42,040
Speaker 1: overlap is is the ven diagram is very close together. Yeah,

806
00:48:42,120 --> 00:48:44,640
Speaker 1: there's a big there's a big old bit in the middle. Now, Okay,

807
00:48:44,719 --> 00:48:48,680
Speaker 1: So meme coins and brackets ship coins their tokens created

808
00:48:48,880 --> 00:48:52,239
Speaker 1: with no real use case in mind. Most of the time,

809
00:48:53,040 --> 00:48:57,360
Speaker 1: some are just outright scams. Some are just you know,

810
00:48:57,440 --> 00:49:00,239
Speaker 1: money grabs. You know, they're not claiming to do the thing,

811
00:49:00,280 --> 00:49:02,040
Speaker 1: they're just like you know by you know, they're bought

812
00:49:02,040 --> 00:49:06,040
Speaker 1: that their designs. Yes, squid game is is a great example.

813
00:49:06,280 --> 00:49:09,719
Speaker 1: A meme coin created to take the back of a

814
00:49:09,800 --> 00:49:14,400
Speaker 1: hype of a streaming channels. Yeah, TV show off the

815
00:49:14,440 --> 00:49:16,560
Speaker 1: back of something that was really hot at the time,

816
00:49:17,239 --> 00:49:19,680
Speaker 1: and you know, just to take advantage, and it suckered

817
00:49:19,680 --> 00:49:22,560
Speaker 1: a lot of people in and yeah, they found that

818
00:49:22,600 --> 00:49:24,960
Speaker 1: they couldn't then you know, even when they're tokens and

819
00:49:25,239 --> 00:49:28,759
Speaker 1: shot up in value, they couldn't actually withdraw them. Um

820
00:49:29,160 --> 00:49:33,240
Speaker 1: and yeah, a lot of people lost a lot of money. Um,

821
00:49:33,400 --> 00:49:36,520
Speaker 1: there is most virtually all Again, this is one of

822
00:49:36,560 --> 00:49:39,920
Speaker 1: these misnomers. You know, meme coins and ship coins suggest

823
00:49:39,920 --> 00:49:43,000
Speaker 1: that they might be coins. They're not at tokens because

824
00:49:43,000 --> 00:49:46,160
Speaker 1: it's so such a big effort to create a coin

825
00:49:46,320 --> 00:49:48,359
Speaker 1: and and the sort of blockchain that goes with it

826
00:49:48,880 --> 00:49:50,680
Speaker 1: that it would be kind of pointless to do it

827
00:49:50,719 --> 00:49:53,600
Speaker 1: for something with no Yeah, and this is the thing

828
00:49:53,600 --> 00:49:56,719
Speaker 1: that I mean, this puts me in mind of there

829
00:49:56,719 --> 00:49:59,200
Speaker 1: are there are lots of arguments in the crypto community,

830
00:49:59,239 --> 00:50:02,120
Speaker 1: and you get it's especially some sort of hardcore bitcoins

831
00:50:02,160 --> 00:50:05,000
Speaker 1: and things like that. You know, they dismiss everything that's

832
00:50:05,040 --> 00:50:08,359
Speaker 1: not Bitcoin as a scam and things like that. And

833
00:50:08,440 --> 00:50:10,800
Speaker 1: obviously you have to be you have to be wary

834
00:50:10,840 --> 00:50:13,600
Speaker 1: of scams because this is crypto. There are lots of

835
00:50:13,600 --> 00:50:17,040
Speaker 1: scams out there. But if you know, if you're dismissing

836
00:50:17,080 --> 00:50:20,759
Speaker 1: something that's that's a cryptocurrency coin that has its own blockchain,

837
00:50:20,840 --> 00:50:25,600
Speaker 1: like okay, it might be a very very sophisticated scam.

838
00:50:25,760 --> 00:50:30,000
Speaker 1: The long a real old long game. Yeah, that kind

839
00:50:30,000 --> 00:50:32,480
Speaker 1: of language I think is really unhelpful because if you

840
00:50:32,719 --> 00:50:35,000
Speaker 1: it's you know, it's a bit boy who cried wolf,

841
00:50:35,080 --> 00:50:37,720
Speaker 1: isn't it. If you just dismiss everything as a scam

842
00:50:37,760 --> 00:50:40,400
Speaker 1: that's not you know, that's not the particular project you

843
00:50:40,440 --> 00:50:46,120
Speaker 1: believe in, then you know the actual the actual scams

844
00:50:46,320 --> 00:50:48,879
Speaker 1: are able to sort of hide, you know, the kind

845
00:50:48,880 --> 00:50:51,000
Speaker 1: of hide you you can't see the wood for the trees,

846
00:50:52,080 --> 00:51:01,000
Speaker 1: so uncle. Um So yeah, it's um it's spotting, spotting

847
00:51:01,040 --> 00:51:04,680
Speaker 1: ship coins spotting what is probably a scam is an

848
00:51:04,719 --> 00:51:09,799
Speaker 1: important skill to have. UM. Now again, like the only well,

849
00:51:09,920 --> 00:51:12,400
Speaker 1: the only meme coin that actually lives up to the

850
00:51:12,520 --> 00:51:14,960
Speaker 1: name and is a coin is of course dog Coin,

851
00:51:15,000 --> 00:51:18,920
Speaker 1: which we discussed last time. Um, and there's also I

852
00:51:18,920 --> 00:51:22,840
Speaker 1: mean one of the other big projects is Sheba inu,

853
00:51:22,960 --> 00:51:25,400
Speaker 1: which is a sort of dog coin rip off if

854
00:51:25,480 --> 00:51:29,360
Speaker 1: you like. But yeah, it's it's a weird one because

855
00:51:29,480 --> 00:51:33,560
Speaker 1: Siba is definitely a meme coin. Lots of people would

856
00:51:33,719 --> 00:51:36,160
Speaker 1: would dismiss it as a ship coin as well, But

857
00:51:36,239 --> 00:51:38,840
Speaker 1: there is actually a lot of development going on with Sheba.

858
00:51:38,840 --> 00:51:41,560
Speaker 1: You know, they're developing the sort of whole kind of

859
00:51:41,600 --> 00:51:45,440
Speaker 1: coin ecosystem, and they've they're sort of issuing other tokens

860
00:51:45,480 --> 00:51:47,399
Speaker 1: as well that you know, governance to I think there's

861
00:51:47,440 --> 00:51:52,919
Speaker 1: a governance token called leash or something like. Yeah. Um,

862
00:51:53,120 --> 00:51:56,680
Speaker 1: so yeah, it's it's worth mentioning those because I don't

863
00:51:56,719 --> 00:52:00,520
Speaker 1: think dog coin or Sheba you are actually gams. I

864
00:52:00,520 --> 00:52:02,600
Speaker 1: don't think much of them. May I'm certainly would never

865
00:52:02,640 --> 00:52:05,440
Speaker 1: buy any of them, but you know, they're not nearly

866
00:52:05,480 --> 00:52:08,080
Speaker 1: as bad as the majority of meme coins and ship

867
00:52:08,120 --> 00:52:12,000
Speaker 1: coins out there. So spotting ship coins is really important

868
00:52:12,080 --> 00:52:16,560
Speaker 1: for any crypto developers, at any crypto investor, I should say,

869
00:52:16,760 --> 00:52:21,880
Speaker 1: sometimes developer, I mean you didn't think that developers would know. Um,

870
00:52:21,920 --> 00:52:25,200
Speaker 1: sometimes it's pretty obvious. They often have some deeply silly name,

871
00:52:25,320 --> 00:52:28,000
Speaker 1: often with some kind of reference to a dog in it,

872
00:52:28,160 --> 00:52:31,400
Speaker 1: or increasingly so Elon Musk as well. He's yeah of

873
00:52:31,440 --> 00:52:35,680
Speaker 1: ship coin names, um so doge Elon or Elon doge

874
00:52:35,800 --> 00:52:38,000
Speaker 1: or you know, anything like that. Be wary of. It's

875
00:52:38,000 --> 00:52:41,120
Speaker 1: a red flag if you're looking at a token, look

876
00:52:41,120 --> 00:52:43,400
Speaker 1: at the profile of it on coin market cap or

877
00:52:43,400 --> 00:52:46,680
Speaker 1: coin geck. And red flags to look out for include things.

878
00:52:46,680 --> 00:52:48,320
Speaker 1: And look out and see if it's an e r

879
00:52:48,360 --> 00:52:51,440
Speaker 1: C twenty token on ethereum, because that, you know, that

880
00:52:51,480 --> 00:52:54,120
Speaker 1: tells you straightaway that it's a token and that it

881
00:52:54,200 --> 00:52:59,160
Speaker 1: therefore hasn't been all that difficult to to spin up. Um.

882
00:53:00,120 --> 00:53:02,759
Speaker 1: A lot of them are also BET twenty tokens on

883
00:53:02,840 --> 00:53:06,200
Speaker 1: the b n B smart chain, and it's it's again like,

884
00:53:06,239 --> 00:53:08,359
Speaker 1: I don't want to suggest that b NB smart chain

885
00:53:08,480 --> 00:53:12,000
Speaker 1: exists only to issue ship coins, but a lot of

886
00:53:12,040 --> 00:53:14,759
Speaker 1: them are issued on on the b NB smart chain.

887
00:53:15,280 --> 00:53:17,879
Speaker 1: So if you see it's a BET twenty token as well,

888
00:53:18,040 --> 00:53:20,280
Speaker 1: that is, you know, something to be a red flag,

889
00:53:20,320 --> 00:53:23,160
Speaker 1: something to be aware of, and a couple of other

890
00:53:23,200 --> 00:53:24,960
Speaker 1: things to look out for when spotting a ship coin

891
00:53:25,120 --> 00:53:28,760
Speaker 1: ultra low price, you know, like fractions of ascent often

892
00:53:28,960 --> 00:53:33,279
Speaker 1: you know, thousands, hundreds of thousands of ascent. And this

893
00:53:33,400 --> 00:53:36,480
Speaker 1: is one thing that people just seem to have in

894
00:53:36,520 --> 00:53:39,440
Speaker 1: their mind that oh, it could go up more just

895
00:53:39,520 --> 00:53:44,479
Speaker 1: because it's worth fractions less. In fact, probably means it's

896
00:53:44,520 --> 00:53:47,160
Speaker 1: not going to go up more exactly. This is one

897
00:53:47,200 --> 00:53:49,000
Speaker 1: of the things. I mean, this is one of the

898
00:53:49,040 --> 00:53:51,840
Speaker 1: most important things that you can tell anyone new to crypto.

899
00:53:51,960 --> 00:53:55,440
Speaker 1: Like if a coin or token has you know, is

900
00:53:55,440 --> 00:54:00,920
Speaker 1: worth fractions of assent, it's extremely unlikely to go to

901
00:54:01,160 --> 00:54:04,680
Speaker 1: even a dollar. Yes, that would be amazing, I mean yeah,

902
00:54:04,719 --> 00:54:06,959
Speaker 1: that's I mean, like if Sheba you went to a dollar,

903
00:54:07,400 --> 00:54:12,040
Speaker 1: there would be a lot of very very rich. Yeah,

904
00:54:12,280 --> 00:54:14,040
Speaker 1: there would be a lot of rich teenagers out there.

905
00:54:14,040 --> 00:54:17,000
Speaker 1: I can tell you that. But like, so what you

906
00:54:17,120 --> 00:54:23,600
Speaker 1: invest it could, um, it's gonna it's it's you don't

907
00:54:23,600 --> 00:54:25,200
Speaker 1: need it to get to a dollar for you to

908
00:54:25,239 --> 00:54:27,719
Speaker 1: be a billionaire or millionaire whatever, do you know what

909
00:54:27,760 --> 00:54:31,680
Speaker 1: I mean? Just invest and see the growth of your investment,

910
00:54:31,960 --> 00:54:34,759
Speaker 1: not of that coin. Yeah, yeah, and it's you know,

911
00:54:34,800 --> 00:54:37,680
Speaker 1: it's not it's not the price of the coin, not

912
00:54:37,920 --> 00:54:40,920
Speaker 1: token that's important. It's market cap that that is what

913
00:54:41,000 --> 00:54:45,360
Speaker 1: decides how much it can grow by and everyone thinks

914
00:54:45,400 --> 00:54:47,600
Speaker 1: that there, you know that everyone wants to discover the

915
00:54:47,640 --> 00:54:50,400
Speaker 1: next bitcoin, because as we've seen, at one point bitcoin

916
00:54:50,520 --> 00:54:53,040
Speaker 1: was worth but i mean was worth nothing and was

917
00:54:53,080 --> 00:54:55,160
Speaker 1: worth fractions of opinion all that sort of stuff. But

918
00:54:55,239 --> 00:54:58,799
Speaker 1: that was the originator, that was the original one, the originator. Yeah, yeah,

919
00:54:58,840 --> 00:55:01,719
Speaker 1: and people forget. I mean, bitcoin has a huge mark,

920
00:55:01,800 --> 00:55:04,319
Speaker 1: the biggest market cap now of all, so it's got

921
00:55:04,400 --> 00:55:08,040
Speaker 1: much less room to grow. And you know, it had

922
00:55:08,360 --> 00:55:11,520
Speaker 1: it has a fixed supply twenty one million. If you look,

923
00:55:11,760 --> 00:55:14,600
Speaker 1: it's very easy to see this the the supplies of

924
00:55:14,640 --> 00:55:17,719
Speaker 1: these um you know, the of these tokens. I mean,

925
00:55:18,080 --> 00:55:21,120
Speaker 1: it's not uncommon for for a token to have a

926
00:55:21,160 --> 00:55:25,840
Speaker 1: supply of one quadrillion, which is the next time, you know,

927
00:55:25,880 --> 00:55:27,560
Speaker 1: the next one up from trillion. So I don't know

928
00:55:27,600 --> 00:55:30,319
Speaker 1: if that's a thousand trillion or a hundred trillion or

929
00:55:30,320 --> 00:55:33,960
Speaker 1: something like that. So you know, if if if it

930
00:55:34,000 --> 00:55:36,240
Speaker 1: did get if the token price did get to a dollar,

931
00:55:36,680 --> 00:55:39,240
Speaker 1: that would make it more valuable than the entire world.

932
00:55:40,560 --> 00:55:43,960
Speaker 1: You know, So it's it's it's it's about it's about

933
00:55:44,040 --> 00:55:46,480
Speaker 1: market cap. You know that that shows you, you know,

934
00:55:46,560 --> 00:55:49,160
Speaker 1: the kind of the kind of room to grow. And

935
00:55:49,680 --> 00:55:53,440
Speaker 1: people are so often lured into believing it's like, oh, well, no,

936
00:55:53,640 --> 00:55:56,359
Speaker 1: this is cheap, or people often say to me it's like, well,

937
00:55:56,360 --> 00:55:58,560
Speaker 1: I don't know, I don't want to buy any any

938
00:55:58,600 --> 00:56:02,200
Speaker 1: bitcoin because it's too ex pensive. Don't buy a whole bitcoin?

939
00:56:02,280 --> 00:56:04,440
Speaker 1: Is by something? Yeah, yeah, it's it's not it's not

940
00:56:04,560 --> 00:56:07,399
Speaker 1: the price point that that matters. It's market cap that's

941
00:56:07,400 --> 00:56:11,160
Speaker 1: what's important. Anyhow, Another red flag to look out for

942
00:56:11,280 --> 00:56:14,160
Speaker 1: is limited exchange support. So quite often a ship cooin

943
00:56:14,239 --> 00:56:18,440
Speaker 1: will only be available via a decentralized exchange like, for instance,

944
00:56:18,480 --> 00:56:21,240
Speaker 1: pancake swap or something like that, and that's the only

945
00:56:21,239 --> 00:56:23,480
Speaker 1: place you'll be able to get it. And that is,

946
00:56:23,680 --> 00:56:26,560
Speaker 1: you know, because because no one else wants to bother

947
00:56:26,640 --> 00:56:28,480
Speaker 1: with it. Well yeah, and you know, any sort of

948
00:56:28,640 --> 00:56:31,960
Speaker 1: mainstream exchange will you know, they have to do due diligence,

949
00:56:32,120 --> 00:56:35,359
Speaker 1: although it's sometimes you do sometimes wonder how much due

950
00:56:35,400 --> 00:56:38,560
Speaker 1: diligence do. But yeah, anyone can spin up a token

951
00:56:38,600 --> 00:56:40,879
Speaker 1: and list it on pancake swap. It's a much more,

952
00:56:41,080 --> 00:56:42,960
Speaker 1: you know, it's it's a much more daunting process to

953
00:56:43,040 --> 00:56:45,279
Speaker 1: then get it listed on you know, even some of

954
00:56:45,320 --> 00:56:48,440
Speaker 1: the lower tier exchanges. But pancake swap, anyone can do it.

955
00:56:48,560 --> 00:56:51,840
Speaker 1: So if it's only on Pancake Swap, that is again

956
00:56:51,920 --> 00:56:53,600
Speaker 1: a red flag, and I think that was the case

957
00:56:53,640 --> 00:56:56,759
Speaker 1: with squid. You know, you can only get it via

958
00:56:56,800 --> 00:57:00,200
Speaker 1: pancake swap. One or two of these criteria here that

959
00:57:00,200 --> 00:57:02,360
Speaker 1: I've discussed, you know, one or two on their own

960
00:57:02,560 --> 00:57:06,200
Speaker 1: doesn't necessarily mean a ship cooin. It's they're definitely red flags.

961
00:57:06,239 --> 00:57:08,560
Speaker 1: But once you start ticking all those things off, you know,

962
00:57:09,040 --> 00:57:12,160
Speaker 1: like I think, you're, yeah, I stop wasting your time.

963
00:57:12,200 --> 00:57:14,040
Speaker 1: You get a shipcoin on your hands. Now. I should

964
00:57:14,040 --> 00:57:18,480
Speaker 1: say some people, perhaps quite a lot of people, actively

965
00:57:18,640 --> 00:57:22,120
Speaker 1: trade ship coins, and some of them make money doing so.

966
00:57:22,520 --> 00:57:26,360
Speaker 1: And you know, you hear stories of teenagers who bought

967
00:57:26,400 --> 00:57:28,120
Speaker 1: a whole load of some ship cooin and it went

968
00:57:28,200 --> 00:57:30,080
Speaker 1: up a thousand percent and they made a lot of money.

969
00:57:31,440 --> 00:57:33,479
Speaker 1: As I've said before, you don't hear about the people

970
00:57:33,480 --> 00:57:36,800
Speaker 1: who trade shipcoins and lose. You only hear about the winners.

971
00:57:37,120 --> 00:57:39,280
Speaker 1: If you are going to do it, you know, it's

972
00:57:39,320 --> 00:57:42,480
Speaker 1: it's it's pure speculation. It's just gambling. If you're trading

973
00:57:42,520 --> 00:57:44,760
Speaker 1: something that you know to be a ship coin, you

974
00:57:44,800 --> 00:57:47,800
Speaker 1: are you are gambling, and it's important to be aware

975
00:57:47,840 --> 00:57:50,880
Speaker 1: of that. Now, before we round this episode off, shall

976
00:57:50,920 --> 00:57:53,800
Speaker 1: we do one of our ever popular and amusing rundown

977
00:57:53,960 --> 00:58:00,880
Speaker 1: of stupidly name ship cooin. No, no, guy that I

978
00:58:00,920 --> 00:58:05,320
Speaker 1: find it next week. I find it tiresome, tiresome and

979
00:58:05,360 --> 00:58:09,600
Speaker 1: frankly quite tried. Okay, So I was feaking through CMC

980
00:58:09,760 --> 00:58:15,760
Speaker 1: earlier and I came across Wolf Token Cheeba cheeba, so

981
00:58:15,840 --> 00:58:20,320
Speaker 1: that sheba but spoke with it c Chiba. Mega Bitcoin?

982
00:58:20,720 --> 00:58:23,880
Speaker 1: Oh that is cool? Is that with the guy from Mega?

983
00:58:24,560 --> 00:58:27,040
Speaker 1: Do you remember him? I don't remember the guy from Mega.

984
00:58:27,400 --> 00:58:30,280
Speaker 1: I mean, I'm not ruling it out, but I mean,

985
00:58:30,760 --> 00:58:33,880
Speaker 1: you know bitcoin is great. So it's Mega Bitcoin. Kim

986
00:58:34,160 --> 00:58:37,920
Speaker 1: dot Com. Oh, Kim dot Com? Yeah I remember him? Um,

987
00:58:38,400 --> 00:58:40,840
Speaker 1: I don't. I'm pretty sure Mega Bitcoin has nothing to

988
00:58:40,880 --> 00:58:43,520
Speaker 1: do with Kim dot Com. He's a character, Yeah, he

989
00:58:43,600 --> 00:58:48,800
Speaker 1: really is. He really is Meta doge swap. That's another one,

990
00:58:49,160 --> 00:58:53,120
Speaker 1: Rocky Enu. I mean, stop. You know we're going to

991
00:58:53,280 --> 00:58:55,400
Speaker 1: end up with so much egg on our faces in

992
00:58:55,440 --> 00:58:59,000
Speaker 1: the future, aren't we When everyone is transacting in space

993
00:58:59,080 --> 00:59:02,760
Speaker 1: Dog Space Dog has become the world's reserve currency. They'll

994
00:59:02,800 --> 00:59:04,920
Speaker 1: dig this episode up and be like, do you remember

995
00:59:04,920 --> 00:59:11,080
Speaker 1: those two coons scoffing? Because I've just lumped in. It's like,

996
00:59:11,120 --> 00:59:15,040
Speaker 1: slow down, I can't I can't know enough. Come on, Pancake,

997
00:59:15,080 --> 00:59:22,120
Speaker 1: swap planet E New Punk Sheba, super Mega hyper Dog.

998
00:59:22,520 --> 00:59:33,000
Speaker 1: That's cool. Name No ball, damn token, Damn damn token,

999
00:59:33,400 --> 00:59:36,840
Speaker 1: little bit, damn Daniel, Damn Daniel, good to get damn

1000
00:59:36,880 --> 00:59:43,360
Speaker 1: shoes the Internet meme trope or something from from Yeah

1001
00:59:43,360 --> 00:59:47,960
Speaker 1: well damn token, Yeah noble, Damn Token, Lunar Classic. I

1002
00:59:48,000 --> 00:59:52,800
Speaker 1: don't know how that got in there. Dog Man Cockapoo

1003
00:59:52,920 --> 00:59:57,000
Speaker 1: and Baby Swick Squid Game, Baby God? Can you missed Squid?

1004
00:59:57,280 --> 01:00:02,480
Speaker 1: Get Baby Squid Game instead? Babies you've been You've been

1005
01:00:02,520 --> 01:00:06,439
Speaker 1: spending too much time with your psychopathic son um. So yeah,

1006
01:00:06,600 --> 01:00:08,880
Speaker 1: and I don't know. Baby seems to be a popular

1007
01:00:09,000 --> 01:00:14,360
Speaker 1: sort of is that from the rappers Little Little Squid

1008
01:00:14,360 --> 01:00:18,960
Speaker 1: going Baby Squid? I honestly don't know, Mike, you um

1009
01:00:19,000 --> 01:00:23,480
Speaker 1: but yees. So if it has a stupid name, then

1010
01:00:23,720 --> 01:00:27,880
Speaker 1: you know beware. Okay, let's round this up. Then, So

1011
01:00:28,440 --> 01:00:31,760
Speaker 1: why does the classificate why Why have we spent two

1012
01:00:31,800 --> 01:00:35,240
Speaker 1: episodes classifying the various types of cryptocurrency? Why does why

1013
01:00:35,240 --> 01:00:39,040
Speaker 1: does classification matter? Well? I think it's easy to get

1014
01:00:38,920 --> 01:00:40,880
Speaker 1: a sort of a macro view of everything if you

1015
01:00:40,960 --> 01:00:46,360
Speaker 1: kind of know what certain coins and tokens. Yeah, absolutely, yeah.

1016
01:00:46,400 --> 01:00:49,040
Speaker 1: I think if you're if you're looking, if you're evaluating

1017
01:00:49,040 --> 01:00:52,320
Speaker 1: a crypto project, you know, you need to be asking yourself, what,

1018
01:00:52,320 --> 01:00:54,840
Speaker 1: what does this do? What's its what's its niche? What

1019
01:00:55,000 --> 01:00:58,440
Speaker 1: is the problem that has been created to solve? And

1020
01:00:58,480 --> 01:00:59,920
Speaker 1: if you can, if you can come up with a

1021
01:01:00,040 --> 01:01:03,520
Speaker 1: satisfactory answer to that question, then that project is worth

1022
01:01:03,760 --> 01:01:06,040
Speaker 1: is worth looking at in more detail. If you can't,

1023
01:01:06,480 --> 01:01:08,800
Speaker 1: then chances are, I mean chances are it might be

1024
01:01:08,800 --> 01:01:11,640
Speaker 1: obvious anyway. It might be called super mega hyper doge,

1025
01:01:12,280 --> 01:01:15,560
Speaker 1: solving the problem of the lack of a ship coin

1026
01:01:15,600 --> 01:01:19,920
Speaker 1: called super mega hyper dooge. Okay, but yeah, so you

1027
01:01:19,960 --> 01:01:22,040
Speaker 1: know it's a good start. What is it? What is this?

1028
01:01:22,240 --> 01:01:25,680
Speaker 1: What is this cryptocurrency purporting to do? What's its what's

1029
01:01:25,680 --> 01:01:29,160
Speaker 1: its reason for being? Has it got an actual use case?

1030
01:01:29,600 --> 01:01:32,880
Speaker 1: And then you know, once you've categorized it, even if

1031
01:01:32,880 --> 01:01:35,440
Speaker 1: it's just a kind of rough category, you can then

1032
01:01:35,600 --> 01:01:38,280
Speaker 1: that then gives you an idea of the other coins

1033
01:01:38,280 --> 01:01:42,040
Speaker 1: and tokens in that category. So basically it's competition is

1034
01:01:42,880 --> 01:01:44,760
Speaker 1: if there is a lot of competition, if there are

1035
01:01:44,840 --> 01:01:49,200
Speaker 1: already established, well established and well funded cryptocurrencies in that category,

1036
01:01:49,720 --> 01:01:52,160
Speaker 1: you know that could be that's a question you know,

1037
01:01:52,200 --> 01:01:54,880
Speaker 1: you have to quit. You have to ask whether this one,

1038
01:01:55,240 --> 01:01:58,400
Speaker 1: you know, what's this one doing differently? Am I backing

1039
01:01:58,400 --> 01:02:02,600
Speaker 1: the right horse exactly? Um? And yeah? Is it? Is

1040
01:02:02,640 --> 01:02:04,720
Speaker 1: it a token that could have been spun up in

1041
01:02:04,760 --> 01:02:08,320
Speaker 1: five minutes on ethereum or the BnB smart chain or

1042
01:02:08,680 --> 01:02:11,919
Speaker 1: whatever it is. So it's important questions to ask, and

1043
01:02:12,320 --> 01:02:15,280
Speaker 1: you know, a good starting point for your research. You know,

1044
01:02:15,320 --> 01:02:17,680
Speaker 1: find out what it is, what category it falls into,

1045
01:02:18,080 --> 01:02:20,000
Speaker 1: what role it's going to play, how it's going to

1046
01:02:20,040 --> 01:02:23,479
Speaker 1: make the world a better place, and that that will

1047
01:02:23,520 --> 01:02:27,240
Speaker 1: help you, you know, evaluated and maybe decide whether to

1048
01:02:27,320 --> 01:02:31,560
Speaker 1: invest in it or not. So there you are people. Yeah,

1049
01:02:31,880 --> 01:02:36,600
Speaker 1: if people have take issue with my classification of token,

1050
01:02:36,720 --> 01:02:40,800
Speaker 1: I'll give you guys number and text the text them

1051
01:02:40,840 --> 01:02:45,080
Speaker 1: directly d M. Let me know. Um no, yeah, I

1052
01:02:45,520 --> 01:02:52,880
Speaker 1: um I. Some some people make home addressed as well.

1053
01:02:52,920 --> 01:02:56,760
Speaker 1: Okay it's number three. Um so yeah, if you people

1054
01:02:56,840 --> 01:02:59,480
Speaker 1: might disagree, So if you want, you know, feel free

1055
01:02:59,520 --> 01:03:01,960
Speaker 1: to mentor or whatever if you feel there are other

1056
01:03:02,720 --> 01:03:07,000
Speaker 1: categories that I've missed, or categories that should be done differently,

1057
01:03:07,080 --> 01:03:08,880
Speaker 1: or you know, whether you think I'm just an idiot,

1058
01:03:08,960 --> 01:03:12,320
Speaker 1: or or whatever it may be. Next time, I have

1059
01:03:12,320 --> 01:03:13,960
Speaker 1: no idea what we're going to talk about. Is there

1060
01:03:13,960 --> 01:03:15,760
Speaker 1: anything you want to talk about in particular? Next time?

1061
01:03:15,840 --> 01:03:18,000
Speaker 1: Why don't we talk about the matter? We touched on

1062
01:03:18,040 --> 01:03:21,840
Speaker 1: it this this week, and I think that's something that is, um,

1063
01:03:22,840 --> 01:03:26,200
Speaker 1: you know, it is interesting, but it is also very

1064
01:03:26,280 --> 01:03:30,680
Speaker 1: daunting to sort of try and get your head around them. Yeah, okay, yeah,

1065
01:03:30,680 --> 01:03:33,760
Speaker 1: maybe we could yeah talk about metavers is uh and

1066
01:03:33,840 --> 01:03:35,840
Speaker 1: blockchain gaming in a bit more in a bit more

1067
01:03:35,880 --> 01:03:39,640
Speaker 1: detail and things like that. Yeah, okay, cool, cool, All right,

1068
01:03:39,720 --> 01:03:42,080
Speaker 1: well we might do that. We might do something completely

1069
01:03:45,600 --> 01:03:49,640
Speaker 1: and that it do not take that as red but yeah,

1070
01:03:49,640 --> 01:03:52,720
Speaker 1: we'll we'll think of something for next time. UM and

1071
01:03:53,200 --> 01:03:57,240
Speaker 1: I will see you very soon. Cut back. Thank you

1072
01:03:57,320 --> 01:03:59,960
Speaker 1: so much for listening to the coin Bureau podcast. If

1073
01:04:00,000 --> 01:04:02,800
Speaker 1: you'd like to learn more about cryptocurrency, you can visit

1074
01:04:02,840 --> 01:04:06,640
Speaker 1: our YouTube channel at YouTube dot com. Forward slash coin Bureau.

1075
01:04:07,000 --> 01:04:09,040
Speaker 1: You can also go to coin bureau dot com for

1076
01:04:09,120 --> 01:04:12,320
Speaker 1: loads more information about all things crypto. You can follow

1077
01:04:12,360 --> 01:04:14,640
Speaker 1: me on Twitter and at coin burea or one word,

1078
01:04:14,720 --> 01:04:17,760
Speaker 1: and I'm also active on TikTok and Instagram as well.

1079
01:04:18,280 --> 01:04:21,000
Speaker 1: First of all, it's not thank you for listening, You're

1080
01:04:21,080 --> 01:04:26,000
Speaker 1: welcome for great content. Yeah, like this is free and

1081
01:04:26,040 --> 01:04:29,400
Speaker 1: they're learning about a fairly great topic in a non

1082
01:04:29,440 --> 01:04:32,080
Speaker 1: boring way. If you'd like to visit me and hear

1083
01:04:32,120 --> 01:04:34,920
Speaker 1: more about me, go to mooch about, m O O

1084
01:04:35,120 --> 01:04:48,360
Speaker 1: C h A b O U T or else. For

1085
01:04:48,440 --> 01:04:51,400
Speaker 1: more podcasts from I Heart Radio, visit the I Heart

1086
01:04:51,480 --> 01:04:55,400
Speaker 1: Radio app, Apple Podcasts, or wherever we get your podcasts.

1087
01:05:03,160 --> 01:05:27,200
Speaker 1: The coin Berea podcast is a production of I Heart Radio.