A few days ago, our CEO, Farkhad Shagulyamov, and our COO, Shirly Valge, had an AMA with Occam, a promising DAO-governed incubator augmented with a suite of DeFi products. The main topic of this discussion was the recent strategic partnership between the Velas blockchain and Occam. During it, they discussed an in-house decentralized non-custodial crypto wallet and analyzed the prospects for Velas thanks to this integration. Let’s find out the details of this AMA (you can listen to or read the transcript of this live discussion here).
🎶🗣️Listen to AMA — click here
OccamFi: Thank you so much, everybody, for joining today’s AMA with the Velas team. We’re really excited to have Shirley and Farhad on, and I’m going to give them a chance to introduce themselves and tell us a little bit more about their background and their experience in the blockchain industry. Shirly, would you like to start?
Shirly: Farkhad, do you want to go ahead and start?
Farkhad: Ladies first, as they say.
Shirly: Hi, everyone. I’m Shirly, or Sirly, COO and one of the founding team members at Velas. The company started in April 2019, with me onboard as a project lead. My previous background comes from a mining investment firm based in Switzerland, where I was chief sales officer, also operating at our headquarters in Zuh, the Crypto Valley.
I originally come from Estonia, which is, I believe, the country that is most advanced in terms of digital innovation and blockchain use cases in public services.
Farkhad: Hello, everybody. My name is Farkhad, I am the CEO and co-founder of Velas. Together with my partner Alex, I started Velas inspired to create a blockchain that makes sense and connects the dots, while it’s also truly scalable as well as cost-efficient.
Before that, I had a bunch of different businesses in the blockchain space, ranging from brokerage to consulting companies that lead projects from A-Z. I also participated in the launch of some of the first financial products in Switzerland with crypto as the underlying asset. Otherwise, a diverse businessman and a father of three.
O: Thank you both so much for sharing your experience. It’s so nice to hear that you’re basically blockchain veterans, so Velas is in great hands. Taking a step back, can you tell us a bit more about what is Velas for anyone unaware of the company?
F: Velas is a layer-1 blockchain. In terms of the tech stack, we took Solana’s code base, although I must note that we don’t have anything to do or we don’t rely on Solana. We upgraded its code base and also built VM compatibility, which means that, up to date, Velas is the fastest and most cost-efficient EVM chain in the world.
The Velas blockchain encompasses a whole ecosystem of products in every relevant vertical that you can imagine in the blockchain space.
S: I can add a bit on the product side. In terms of Velas, we have developed an in-house decentralized noncustodial wallet where one can store, transact, and stake crypto assets, as well as a decentralized social media platform and Velas Account, an easy login solution for web3 applications that is based on biometrics.
I also wanted to mention that we are a spin-off of Coinpayments.net, which is the world’s 1st and largest crypto payment processing platform. So there is a proven track record dating back to 2013 when it comes to our current activity.
O: And just off the back of that, because it seems like you would have various users that would be interested in Velas. Can you tell us a bit more about who it’s for and the problems that it solves for each of the different segments of users that you appeal to?
F: In terms of the user audience, anybody can use it. We tried to make the UI/UX as simple as possible. The Velas blockchain is very good for all developers that have been building on Solidity or Rust — they can easily jump over. We have bridges to most of the other large networks. The reason to use Velas is that we’re very, very cost-efficient and can do over 100,000 transactions for under a dollar.
We also offer all the features that you have in Ethereum or other blockchains, except we’re much, much faster, and much cheaper. In terms of products for the users, there’s a bunch of stuff the users can do, from going into DeFi platforms to trying out the better versions of social media. We have over 100 dApps already.
We’re currently setting up an ecosystem fund that is going to help projects and teams that are building on the Velas chain by supporting them financially. We also have launchpads coming up to help bootstrap projects and incentivize people to build on our chain. So there’s lots to do on Velas.
O: Sounds like really exciting times ahead for sure. I know that you mentioned that Velas is very different from Solana, but what are some of the differences that you would mention in terms of the consensus mechanism and any other things that you would like to highlight?
F: Just to note, we know the Solana team from the very beginning, and we’re collaborating, communicating, and sharing expertise. The only difference is they decided to go the Rust way and only have people building on Rust and using the Solana code base.
We, on the other hand, are making a bigger bet on the EVM side. So we’re really pushing and developing the EVM aspect because most of the project and most of its developers work in the Solidity ecosystem, and we have our own full network that we run.
We choose the validators much more carefully than Solana does. We have much stricter requirements in terms of hardware and having DevOps online 24/7, as well as granting very fast connectivity in data centers. Usually, we try to have requirements of 200 gigabits going up and down.
From that perspective, we really take care of the validators in the network to make sure that there’s always uptime and that the network never goes down. We’re also protected by some of the best DDoS mitigation services out there to keep our network safe.
O: Speaking of safety, and this is a question that I believe we had on our Discord AMAs, somebody asked about where Velas has its storage. Where do you host your data, and is it centralized or not?
S: Velas has inherited Google Big Table from Solana to store the historical block information. I believe a lot of other infrastructures switched to centralized AWS. Our blockchain history storage is kept on Google Big Table.
O: Another one of the questions that we had was about the measures that Velas is taking to prevent a Sybil attack and to really promote decentralization. Could you tell us a little bit more about it?
S: We are utilizing the Delegated Proof-of-Stake consensus, where network participants can start delegating only as of $1.00, so it’s extremely accessible for anyone out there. Setting up your own node and becoming a validator, of course, requires some additional resources.
And if someone wants to carry out the Sybil attack, it would be much more difficult based on that we have adopted the Delegated Proof-of-Stake, since they would have to spend such a high amount of resources to acquire a stake in the network they plan to attack. So it’s much more costly and risky.
We have also boosted decentralization and security by launching a node up in space in terms of our space mission of becoming a fully distributed space network by 2025.
Early this year, we launched a light node on a low-orbit satellite. Earlier this month, we launched a full node on the International Space Station. Eventually, we managed to conduct the first transactions and issue NFT, with a lot of airdrops planned for the future. So there are existing functionalities, but once the system is fully distributed, it will add a lot to the decentralization and security.
O: Thank you for sharing that, Shirly. When taking a look at your website, I think we noticed that there’s a lot on the green future and the environment. What is your stance on that, and why did you decide to focus so much on this particular topic?
S: Nowadays, it’s very important for every company to have a nice cheese strategy, either by optimizing their work processes or acquiring carbon certificates by investing in an environmentally-friendly project. So we had that in plans for a while, but reaching out to different partners, like climate certificate issuers, they didn’t have a methodology.
In collaboration with our analytical team, we came up with a methodology ourselves. Basically, by evaluating the network usage and energy consumption, indicating the types of energy being used for the node operators, coming to a common number, and purchasing carbon credits to offset our emissions since the inception of the network’s main net.
We became completely carbon neutral earlier in the summer or autumn. Right now, we’re certified as a 100% carbon neutral network.
F: It’s important to have that level of certification. There are a lot of people that are not well aware of how blockchain technologies work, like what proof-of-work and proof-of-stake are all about. So many people are saying that we’re hurting the environment by producing emissions.
What they miss is that proof-of-stake doesn’t consume so much power and we certified ourselves green by buying energy and carbon credits exactly to offset any extra missions that might be caused by our network.
S: If we talk numbers, a proof-of-stake is actually over 320,000 times more efficient than the Bitcoin network. Add on top of that the ultimate emission reductions achieved by utilizing the proof-of-stake consensus.
O: The times that this whole topic came into being were around Bitcoin’s not being efficient enough in that sense. It’s great that you’re raising this point and that you have a stance on the green future. And surely you are setting an example for other projects as well.
In terms of your token, you have the VLX token. Can you tell us more about its use and the tokenomics behind it?
S: There are currently 2.3 billion Velas coins in circulation, 1.4 billion of which are staked. The inflation is inherited from the Solana stack, so it’s 8% a year, with a 15% reduction each year until it reaches 1.5% a year. The utility of Velas right now is for the transaction fees, staking, and we also integrate with travala.com, where you can book your travel or different kinds of experiences. For DeFi use cases, the tokens work like typical protocol coins.
O: And when did you launch your token?
Shirly: It was launched publicly in September 2019. And we are currently listed on twelve or thirteen different centralized exchanges plus a couple of decentralized exchanges.
Occam.fi: I just have a few more questions on the list before we get started with the community questions. My next question really is about our partnership. What is Velas hoping to achieve from the partnership with Occam.fi? And I know that your team has submitted an outcome improvement proposal for a strategic partnership between us, but we’d love to hear a little bit more about it from you.
Farkhad Shagulyamov: As for Occam, we’re very excited to be partnering with them and their ecosystem. First of all, there’s been a lot of great tool sets their team has built on other networks like Cardano. Including Launchpad and various DeFi protocols.
What we expect to happen is that the expertise behind a lot of these toolsets and protocols is brought over to Velas and that our communities cross-funnel into each other. That’s the main goal, and then to showcase the Velas blockchain’s performance using these products right, which I think the general public will appreciate greatly.
O: For sure, and for anybody here who is not aware of the proposal submitted by Velas, we highly recommend going to the Occam Forum and having a read through their proposal and leaving a like there so that it can go on to state-based voting as well.
Another one of the questions that I’m sure our community is very interested in is whether you will be contributing to the Chakra pool.
Farkhad Shagulyamov: Yes, we probably will.
Occam.fi: That’s great to hear. We can now move on to community questions. I see that there are a few requests over, and I will be inviting people up to speak.
jonriki: How will you build a strong relationship with the community and let us know how your project can get involved through the NFT community?
Farkhad Shagulyamov: Our relationship with the community is quite close. We tried to come out and have open lines of communication available to all our groups, including the NFT community. Right now, we are building a lot of different and interesting solutions related to NFT and metaspace as well.
Shirly Valge: We are also partnering with bigger brands and real-world companies that want to have their NFT strategy developed.
Farkhad Shagulyamov: To elaborate on that — we partnered with a company called GPNFTS, which owns the rights to seven different racing categories from Formula One — Ferrari’s IP, Formula 2, NASCAR, IndyCar, Le Mans, Moto GP, and ENDURA. And then we have other big brands coming on board. Together, we enable NFTs to be viewed in a 3D virtual environment that can be displayed on any device, including VR.
This “virtual garage” is, basically, a reflection of your wallet, but the actual utility of it is not just for viewing and unveiling cars and having drivers spawn in to speak to the community. After the gates open, you will be able to use “parked” NFTs in different types of games, including mobile games.
We’re securing partnerships with professional eSports simulator companies. So our view on NFTs is that it has to be actionable, that there has to be some analog in everyday life, and that they can be transported cross-platform and cross-chain.
Mario: Hello. Can you tell us about the Velas security system? What measures have you taken to protect users on Velas? Have you done an audit by any third party before?
Shirly Valge: We have done a security audit of the smart contracts with Kudelski security.
Farkhad Shagulyamov: We get several security reports from different companies. Then, we have our own cybersecurity team overlooking it. And we have very strong DDoS protection systems on most of our validators.
Shirly Valge: And as mentioned earlier, once the space network is also fully distributed, that will be another added security layer.
James Bond: Your project is very admirable and popular. If I wanted to join your platform, what should I do? Are there any counseling versions for your user performance and what are the benefits for investors in using it?
Farkhad Shagulyamov: You can join the platform quite easily by downloading a wallet and purchasing some tokens. Then, there exists different functionality that you can apply to the tokens. To find help getting started, you can join our Telegram groups or follow some of our other social media pages. There, we have community managers who can guide you through the process of getting started. You can also visit our website and check out some of the documentation and different things that are possible to be done on the Velas network.
S: Just make sure it’s the legit group because we have a lot of impersonators and fake groups that are also trying to scam people. We have one General Velas community which is international, and then twelve different geographical communities across Asia and Europe.
Farkhad Shagulyamov: Yeah, the main Velas community on Telegram is the English-speaking group. This is the one with 34,250 members at the moment.
Crypto insomnia: I just had two quick questions, one regarding the tokenomics which Shirley mentioned — in the whitepaper, it says 2.3 billion tokens, and all of it is circulated. Is that correct, or what Shirley mentioned earlier is the proper circulation amount?
My second question — how fast are the transactions, and how is that measured? How many projects are built on your blockchain at the moment? I saw a table where you’re comparing Solana, Etherium, and Polygon, but can you elaborate on how many transactions you do per day and how is that measured? 50K+ — that’s what I saw on the table.
Shirly Valge: The circulating supply is 2.3 billion, out of which 1.4 coins are being staked, but the rest remains in circulation. I believe it should be the same as in the whitepaper. And in terms of the transaction speed, it’s all inherited from Solana. We have a hybrid chain on the EVM side that is Ethereum-compatible. It has the tested capacity to do 10,000 transactions per second, being the fastest thanks to the underlying architecture. And on the Solana side, in theory, it should do more than 50,000 transactions per second.
That is not the true performance at the moment, of course, but the specifications we took from Solana as we inherited its performance. I believe, currently, it handles 2 to 300 transactions per second daily.
Farkhad Shagulyamov: I think what Shirly is referring to is that we haven’t reached these high traffic numbers of tens of thousands of transactions per second just yet, but the capabilities are there, demonstrated by various stress tests that we’re constantly doing. However, we are about to sign some large partnerships that are going to grant a 10X boost for the network in terms of wallet sizes and token velocity. So I think the real numbers are definitely going up in the months to come.
Shirly Valge: And compared to Ethereum or the layer-twos like Polygon, the transaction finality is around one second.
Farkhad Shagulyamov: Oh yeah, we’re way under a second. Actually, we’re 0.4 seconds in terms of finality.
@thatcoryguy: Ambassador Corey here. I did have a couple of questions. First of all, I see a collaboration with Ferrari, which sounds really cool, and I was wondering if it’s more like an exposure thing for both parties. Or does the relationship run deeper? Possibly, Ferrari is trying to utilize any of the technology Velas has to offer, perhaps today or in the future.
Farkhad Shagulyamov: The collaboration with Ferrari is a real-deal partnership, not just sponsorship. Sponsorship is great for exposure and all. But the reason we went into this partnership is that we own all the rights for everything to do with blockchain.
From the NFT team universe to fan tokens to using blockchain and system of records and all of the fields we’ve been exploring and developing with Ferrari. We can’t say anything definitive for now, but we’ve been building a product using blockchain technology to give immersive experiences to the Ferrari fanbase.
@thatcoryguy: I love that partnership. Just one more question, and this was one of the questions one of our Occam ambassador’s asked. Is Velas fully independent of Solana? In case Solana crashes and burns, will Velas go on without a glitch?
Farkhad Shagulyamov: Yes, 100%. It’s a good question. Thank you for asking that because we don’t try to relate ourselves to Solana. It’s the aggregators like Coin Market Cap and Coin Gecko that label us as part of their ecosystem. But we are 100% independent from Solana and its network. Completely on the software and hardware part.
We have much higher requirements for running nodes in our network compared to the Solana network. They went for sheer size, covering thousands of different nodes, which gave them a lot of problems and a lot of downtime. For instance, when they need to push an update, they can’t get the majority of the validators to react in time.
All in all, their hardware, uptime, and data centers are much slower, while we are also focusing more on the EVM side and less on the Rust-native Solana side. So what we did essentially is we took the original code base and upgraded it.
@thatcoryguy: That makes sense. Thanks for taking my question, guys. Your project sounds really cool. And I hope we can form a partnership somewhere down the line.
HotPizza: Thank you very much for bringing me up to ask my question. As we all know, this is a new project on Web3. So I want to know what kind of benefit will you bring to early investors?
Farkhad Shagulyamov: We offer a very good price point as the whole market is quite down. The benefits that we bring are that we are going to grow our network and our user base substantially. And we’re going to bring you hundreds, hopefully, thousands or millions of different applications on the network. We have the ambition and the plans to be one of the top blockchains in the world for years to come.
@PeterDijk6: Thanks for doing this AMA, I have a question about the blockchain trilemma — it’s about security, scalability, and decentralization. And I’ve seen you guys touch on security and scalability, but I still see some risks in the decentralization, like you need a huge amount of dedication to run a validated node — how much has Velas addressed such issues?
Farkhad Shagulyamov: In terms of decentralization, we’re getting there, and we’re trying to do so without impacting the security side. Because if you think of decentralization in that sense that you just have a lot of different nodes, that’s not necessarily good for the network, because these nodes have to be of high quality, and professionals have to be running them. And this is the problem with Solana.
It just has a lot of nodes with lower requirements. So on that front, we’re getting closer to almost 200 nodes or so, which are reasonably decentralized and geographically spread around the world as much as possible. When we identify the validators that come with requests to set up their hardware and so on, they don’t necessarily need our permission to do so.
Our team is more than willing to help them get through the process, and when people adhere to these higher requirements, we have a staking incentive program, whereas our foundation coins can be stacked on top of the high-quality validators.
This way, we incentivize validators to have the highest standard of hardware equipment and have DevOps online all the time. So I do believe we are striving towards decentralization. Perhaps, we’re not fully decentralized, but I don’t think anything is fully decentralized in the blockchain industry’s period of the now. Yet the topic is definitely something that’s dear to our hearts, and we certainly want to achieve true decentralization.
Peter Dijk: I have another question about your backing. You’ve raised 135 million lately, and you guys are giving out grants to projects, and one of the projects I’ve seen lately was Wavelength. Receiving such a grant, can you tell me a little bit more about how this grant process works and how involved Velas is actually in the projects that are receiving these grants?
Farkhad Shagulyamov: We’ve been running the grant program for quite a while. There have been some good and less successful experiences. Some projects come out with great products, such as wavelength. I think they did a great job — they forked the balancer, and it works very well.
Other projects were more successful, some less so, but we do plan to continue this program. I also believe that it is a very good motivation for projects to have equity run by the protocol. That’s why we’re setting up our ecosystem fund right now.
Hopefully, in January, it will be able to start deploying capital. Our target is to raise $100 million for that, and on top of that to give developers and projects other tools. We are in the process of finalizing the launchpad with Occam, and then we are integrating several different launchpads.
So we’ll have three avenues that will give financial benefits to people building on our chain — from grants to the possibility of launching their project and then having the possibility to turn to our ecosystem fund and get investment from that side.
Not only that, under the ecosystem fund, there’s going to be a group that’s going to help incubate the projects and help these projects materialize in different ways, providing whatever they need help with, from tokenomics and marketing to helping with listing and providing access and partnerships, etc.
Peter Dijk: One final question — is Velas impacted by the Ftx and Alameda fiasco? I’ve read somewhere that they held a considerable amount of Solana tokens. Is that also the case with Velas?
Farkhad Shagulyamov: No, not at all. We have nothing to do with them. They’ve never had accounts on our chain. We never had any treasury swaps, so they never bought into the project. All of that hasn’t impacted us at all, thankfully.
Peter Dijk: Good to hear. Thanks for the answers.
Striker: How many projects have chosen the Velas blockchain so far? Do you have any statistics?
Farkhad Shagulyamov: Right now, there are just over 100 projects that set their sights on us, but I know that there are a lot of larger scale projects that are in the process of being developed.
Striker: Some projects use multi-chain, what other chains are to be bridged with the Velas blockchain and multi-chain access to which do you think would be most preferred by users?
Farkhad Shagulyamov: Since we’re EVM-based, the preference would probably be given to the VM-based chains. Binance smart chain could be the chain that’s bridged most to.
Miles: Which area is Velas focusing on at the moment — metaverse, NFTs, gaming? And can you tell us more about your strategies to attract users and projects to the Velas blockchain?
Farkhad Shagulyamov: We are focusing primarily on being a layer-one blockchain. So the blockchain infrastructure level is very important to us. NFT and Metaverse are other essential pillars of our performance, with a sidenote that we don’t see the NFTs in the way people usually perceive them. We don’t think of NFTs as JPEG files. For us, it is rather a powerful technology that can be used for many great things.
In terms of Metaverse, this virtual space is developing fast, but we’re not quite there yet. Everything is still dispersed across little islands. That’s why we’re trying to be the layer and infrastructure that could potentially host big worlds and then interconnect different realms, while granting toolkits for NFT assets to be truly interoperable across different metal verses, games, and instances.
DeFi is also quite important. It’s evolving every day, and the DeFi market with decentralized exchanges is going to take more shares from centralized exchanges because we have been seeing too many problems in this area. From various exchanges being hacked and scammed to the exchanges themselves stealing user funds or over-leveraging.
S: Overall, we’re in touch with many brands from the luxury space, automotive space, and some energy companies which already have a big user base. With them shifting on to the web3 or leveraging on blockchain technology, it’s a bit longer collaboration which doesn’t move as fast as it does normally, with the simpler projects, but the massive user adoption is of great potential here.
Make sure you follow Velas on all social media so that you don’t miss the announcements, there are lots of exciting things to look forward to.
©Rick: I actually went through some of your blogs, and I saw something about the Velas Vault. Can you tell me more about it — how does it work and how can I benefit from it as a user on your platform?
Farkhad Shagulyamov: The Vault is a product that’s still under development. It is, basically, a decentralized custodian. But, again, it is not live for now, so unfortunately you cannot benefit directly from it just yet.
S: But the biggest advantage it will provide is complete cross-chain compatibility with other layer-one protocols, so you’ll be able to transact bigger coins like Bitcoin and others on the Velas chain, benefitting from the transaction speed, finality, and fees of ours.
©Rick: Okay, I have one more question. Is your Ambassador program currently ongoing and if you’re still on, I wanted to know what are some of the requirements for becoming an ambassador for your project?
Shirly Valge: You can get more information from the Community manager, but, of course, there is some decent following needed. If you have a social media account or group, then I mean a lot of users. Some of the major requirements to become an ambassador include social media presence with legitimate follower activity and an ability to provide valuable information via social mediums.
𝐁®𝐢ght🔸™: I have two questions. Firstly, the year 2022 is coming to an end, so I just wondered if you could give us a sneak peek at your plans for the coming year 2023 and how do you aim to achieve them?
Farkhad Shagulyamov: We have so many different plans for 2023. Hopefully, it’s going to be a breakout year. We hope that the bear market doesn’t last the whole year and that we’re going to get some breathing room in terms of general liquidity coming into the blockchain space.
But as we said, we have really big partnerships coming up. We’re going to release a lot of products with our partners. We’re setting up the ecosystem funds, launchpads. Basically, the ecosystem is set to really take off in 2023.
𝐁®𝐢ght🔸™: You said you’re going to be partnering with some projects. So are there going to be some criteria you’re going to look into before you consider these partnerships? And also concerning your launchpad, will there be requirements for projects to get involved with them?
Farkhad Shagulyamov: Whether it’s a grant program, an investment deal, or a general partnership in developing some technologies, we always do a very deep-dive analysis. What is the project all about, what are you trying to achieve? Who’s on your team? How are you planning to build it? How well is it funded?
Or what do the team members look like, what’s their background with their history? There are hundreds of aspects we look into when identifying good projects. But we do incentivize everybody to give it a shot and build something that could be truly applicable and needed in the world. Something that solves the pains other products don’t.
𝐁®𝐢ght🔸™: Thank you very much for the wonderful answers. I wish you guys success in the coming year.
iB: Regarding your road map, I would like to know what major challenges you have faced so far and how were you able to solve this problem or that challenge?
Farkhad Shagulyamov: There are certainly a lot of challenges along the way, especially when you’re operating layer-one blockchain. In the beginning, the challenge was trying to figure out and build the most scalable blockchain in the world. So we’ve done a lot of different tests, conducted many different experiments.
We were trying to use artificial intelligence to adapt blockchain parameters on the fly. Right now, we’re also experimenting with different consensus mechanisms, trying out different protocols, doing different tests. We’ve done extensive research and analyzed every single blockchain that’s ever been made before.
Behind every product and every system, there is much hard work of many people that often goes unnoticed. Same goes for the challenges along the way. They’re not easy to solve because we’re trying to tackle some of the most complicated technological problems in this space.
As challenging as our path was, we’re very happy and blessed to have such dedicated team members. Not only blockchain developers but also mathematicians, research teams, marketers, business developers, upper management, and so forth. It’s really a joint effort at the end of the day.
Occam.fi: Thanks for the questions, guys, and we are already one hour in. It just flew by, so I think this was a really positive note to end the questions from the community.
But to everybody else who still has questions — make sure to leave them in the Twitter comment section, and I’m sure that the Velas team will be able to get back to you. Shirly, Farkhad, do you have any concluding comments for the listeners today?
Shirly Valge: I would encourage everyone to try out our products. Perhaps, the wallet would be the easiest to start with. We have integrated Fiat on ramp through the wallet so join our community and follow our socials — we’re on Facebook, LinkedIn, Twitter. And yeah, welcome.
Farkhad Shagulyamov: I just want to say thanks to the local community. I want to wish everybody happy upcoming holidays. Follow us if you have any questions, guys. We may not be able to reply to everybody and everything, but we are always on Twitter and in our Telegram groups.
What I’m going to try to do in order to connect more efficiently is launch a weekly Q&A with the community so that everyone keeps in tune. This would be a great way to both gather feedback and hear out requests from the community. Otherwise, thank you very much, and God bless you guys.
Occam.fi: Thank you so much for your time and for answering all the questions. It was a pleasure to have you on this. And to everybody listening, thank you for tuning in. We will be sharing the info on the grant program’s winners and rewards soon.
Make sure to check your notifications to see whether you won. And once again, thank you everybody, and have a lovely rest of the day.
Shirly Valge: Thank you.
Farkhad Shagulyamov: Take care, guys. Have a lovely Sunday.