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Hello. Hello guys. Big news for our most active traders. The rewards for our recent campaigns have been distributed. So if you participated in doc campaign, hash campaign or tent trading campaign, you can check your wallets. We have all the list of winners in our blog posts in our social media channels. Our team just got back from Dubai. We were at token 2049 week. We participated in a lot of official and unofficial meetups including hack seasons and nimland summit during token 2049 week. Also, we had a burge and burn side event which counted more than 1,000 participants across around the globe. Yeah, that was pretty amazing. And uh we already had some fun content from these events in our social media and as well we will post some video recaps on our YouTube and other channels as well this week. The next our event will be in Lisbon. So we will visit uh NFC Lisbon 2025. It is the web 3 culture festival and it's happening from June 4 to June 6. If you are in Portugal, you can come say hi. One more thing just to remind you that uh we have limit orders in our Bloom Trading B.
It allows you to set your own price, choose the order duration, walk away and the B will handle the rest. It is easily to set up. We published the step-by-step guideline. You can check it out and start trading on your own rules without your active participation. So, please welcome our CTO, chief technical officer, Vladimir Masloikov. Can you please describe what are the key milestones in Bloom's current road map for Q3 and maybe till the end of the year? I think a lot of products will be coming more or less simultaneously.
So I think the biggest milestone coming milestone will be perpetual decks which we've been building for the past half year extensively doing a lot of tests and I think now we on the finish line and hopefully the first version to limited amount of users will be launched already end of May early June and later on we'll roll out it to all the users. I think for users to understand it will be a more or less hyperlquid ways. It will be a kind of hybrid exchange. So everything will be working with self custody wallets it's not like traditional sexist. So that's why it took a little bit more time than than we expected to connect it to the existing wallet ecosystem develop back end. Another amazing thing which we're proud that we are finalizing along with perpetual exchange is the wallet hub or wallet ecosystem.
So we'll be able to let users connect on custody wallets but we're also planning to release so-called universal wallets which would allow users to trade from one wallet on different blockchains using different pay for the gas fees also in different tokens and chains. So basically allowing to easing the access to meme coins in other in different chains like Binance chain Salana just giving atex like user experience but fully decentralized fashion. So this is I think the two closest milestones. Another one of course there will be more tight integration with the telegram and stars and on ramp of ramp solution coming this week already. It's on the final test. I'm not speaking about those small releases. There obviously will be always on track. From the big releases I would say after that we plan to put more focus on improving the launchpad. That's one of the stuff adding more gamify features right. Uh what we see in other products is that gamify and social features like different leader boards, try competitions, trading competitions, right? Launch competitions, etc. Similar to how it works right now in our app.
We want to make it more diverse and accessible to our users maybe later in Q3. spot and earn mechanics will definitely stay there, but we plan just to expand it to more ecosystems, more blockchains and just let users trade more tokens and more blockchains. Again, it all depends on this wallet ecosystem that we've been building for the past few months. But now I can say that we are on the finish line and after that we'll be able to open the app to broader range of instruments and tokens in different ecosystems. And of course I hope that closer to the end of the year we'll be adding more AI capabilities.
We see a lot of interesting traction in this area. I can't say that we personally like any approach that is kind of taken by any of the Texas or any of the protocols like virtual on Salana and others on other chains. We think we can do better right. We think that we can make a more native AI experience in our application.
Obviously, we'll be adding it to trading bot for sure. But I think that it's a little bit more challenging to add it in UI. It has to look native, right? If it's not native, if you just integrate like many do chat GPD, it doesn't look very native. It looks cumbersome for end user experience. I think we can do it more natively. I hope that till the end of the year, we'll have the resources to work on this AI capabilities inside app as well. As I can see for now, we are sticking to our main slogan that all crypto and uh one app and as I can see we make the main accent on defy right on dex trading because it allows you to have your money on your wallets.
Obviously one of the reasons is privacy and security concerns right that were obviously defy ecosystems in general and wallet ecosystems blockchains they give more privacy and security on average let's say right than traditional taxes all traded on sexis we know the limitations of taxes though we know the pros as well but I think there are more cons what we see is that CFI slowly losing volume especially in terms of newly launched tokens to dexes. I think most of low and midcap tokens these days launch indexes for partly for two reasons regulation inside saxes might be one of the reasons but I think what's even more important that it became too hard for the new projects you know to go through this complicated KYB process for listings right we see with the meme coins it's just basically anyone can launch so it's becoming more democratic and that's what defy always was it was a much more democratic space than traditional exchanges big names that we know.
So I think our prediction is that this this trend will continue. That's why maybe it would be easier for us to make a tax-like experience by just building tax. But we try to stick to our plan way of growing volumes and especially number of launch tokens on dexes. We still believe that DEX and DeFi experience could be as close as possible to tax likes. Meaning that you can pay the gas with any token that you can store different blockchains under one seed phrase that you can use social login to back up and recover your assets fully decentralized fashion. kind of a harder route than traditional sexes, but I think in the end it's the right route. And I think that eventually even baby boomers and Gen X and obviously Gen Z and millennials, they all will gradually shift to this self-custody solutions, right? So the slogan, not your keys, not your crypto.
It's not only slogan, this is the way. and uh crypto I think the main idea is crypto to have your own money without any additional third party person or organization who can control it. Can you please tell more about fiat on ramp integration? So which benefits it will uh bring to our users and uh how the process inside will work. It's actually very simple. So we're working with one of the top solution on the market. It's basically will allow people to convert the fi currencies to crypto and back. I think it's more or less now accessible in all I mean more and more DEXes they were hesitant at first doing that but I think our approach a more hybrid approach we're not like against fire we're not against crypto cards or traditional cards or even wire transfers we want the users to use all possible instruments but what we believe is most of the trading right and the settlement part will be done eventually on chain yeah That's our true belief and maybe even for the payments as well in the coming years.
We'll see more onchain traction. Yeah, maybe you heard that Visa and Mastercard is working on such onchain products. A lot of governments working. So this trend is coming back it seems right now. So I expect that there will be the on-ramp of ramp eventually will become less cumbersome for the end user. it will become cheaper and for now I think it's like it's measured in percents right you mentioned five tokens they are the most popular ones right so integrate or they will be native tokens probably will be most popular tokens right into for example in ton ecosystem you obviously know it's ton not dogs so I think at first obviously it will be just the most popular ones but USD of course definitely I think still number one on all chains but eventually Actually I think we're also considering later on adding some bridging cap capabilities because obviously I would say there are three types of users right you absolutely right newbies and newbies I mean just the guys who don't have that much crypto yet and they need just to make this first step the second I would say just the normal traders which sometimes have need more liquidity than they currently have on their account and the third one is people who migrate from other blockchain who for example for some reason has the liquidity in one chain but they want to buy something on another chain and that's where modern bridging solution come into play.
I think they work really fast these days giving good quotes. So I think bridging was never easy as it is today and I think it's a logical next step that we'll do integrate after the unra solution. Since Bloom doesn't hold any user funds until a trade is settled, can you please describe what kind of infra infrastructure supports that and uh how do you minimize the risks? Funny enough, most of web 3 infrastructure these days maybe for the past maybe 3 to 5 years especially is very similar to traditional web two infrastructure. You saw that it didn't help bybe because the attack was really sophisticated. It was done through one of the popular multi solutions on the market safe. global obviously it's even at this particular attack it's hard to say how by could avoid it right right now it's obvious how after it happened right after it happens when you know what happened and you did the research you know and we know how to avoid such type of attacks but they were unlucky that they were the first to be attacked with this type of tech and it was successful obviously and we were shown that even the most centralized multi to seek which is considered like AAA security is still might be a threat and you always have to be smart about how you manage any type of funds.
So to be honest I think recently most of web 3 infrastructure resembles a lot web two infrastructure meaning that usually there's something on the front end and most of the companies use these days cloudflare. So it's basically first defense strategy for uh deployment and securing the backend environment right you are just basically whitelisting the back end to cloudfl servers it saves 90% of stupid attacks which can be done by newbie hackers obviously then the back end is secured the whole perimeter is monitored 24/7 we're doing the pentests inside outside audit we have cyber security systems inside. We just monitor suspicious activity like most of the sexes do these days. So there's really not much difference from how it is run by traditional sexis or any fintech application.
But the major difference which kind of makes it even harder to let's say attack and approach is that we were not holding any of the users assets. Right? I think I would say this is probably the number one security measure usually either custodies or bridges right if you calculate in percent of stolen assets I would say that's accounts for more than 95 maybe even closer to 99% of all the hacks you can even think that by bit was kind of attacked the same way because basically they use just multi-seek as their cold storage moving assets from there a really good solution But it didn't help them because in the first place they had it. They had a cold and hot storage, right? When you build more decentralized, more DeFi products or CD5 products, you kind of mitigate this biggest risk, right? When funds are moved into centralized smart contract or centralized custody or custody as a service be Fireblocks or any other solution.
I mean, it's obviously the first thing that is always being adapted. when you don't have it, it's much easier kind of to operate and to give better security guarantees to the final user. That's why I think in the end those people at least who have a high level understanding how it works under the hood by statistics as we can see number of hacks in DI are is decreasing and number of packs in CFI is increasing. Can you please tell me about the most interesting or unusual challenges your team has solved uh while building Bloom? The most unexpected for us was that kind of when in web3 world you don't don't have that much of high load a lot of back end.
It's usually built by full stack engineers kind of you build the back end the same way you do the front end. You can reuse some of the libraries on the back end. You have this flexibility of choosing what you want to do on the front and on the back end side. And in our case, thanks God that we used the goal language for the back end because obviously we didn't experience on the rise of tapturn games that we'll have such levels of traffic that we did. I did even comparison at one point our traffic was comparable to Instagram traffic and for a small team not size of Facebook or Instagram it was the biggest challenge that we did but I think what was surprising is that modern solutions cloud providers different solutions for managing big clusters of machines like Kubernetes and modern caches cloudflare modern load balancers they are really capable to be run by a small team and withstand this amount of traffic. Five years ago, I would never imagine that with this small team that we would be able to do this type of pilot.
What's good for us is that the infrastructure and um back end that we built kind of I think it was built for for ages like now we are not afraid of any high volumes of traffic. Obviously, it puts a constraint that everything needs to be more thoroughly designed, architected and built. It's always easier to build non- highloadad solutions, right? It's much faster. You can use more AI tools to do that. You can't use five coding or AI tools to build highload solutions because it's like you outsource building your house to some engineers who just you know can do simple stuff and then this house will just fall apart. AI for now has not enough capacities and professionalism in uh coding. Yeah. And there are a lot of bugs. I have to say that we're not against I think I would say it's a good estimate that like 20 30% of our code is built using AI or we're using AI to improve it right but eventually we understand the tool tools will improve and yeah some people say that 50% of the code will be built we'll see for complicated cases I still think AI won't replace human in the coming decade from a technical perspective how complex would it be to build and integrate such a big tool and integrated in blue ecosystem launchpad the team pad and even I would say the spot trading the traditional spot trading are basically very very similar things.
I would say like if you can think about it, it's like 80% the same back end and front end logic for example like indexers they're basically the same that there are of course complexities especially with the launchpad and we know examples when tokens were launched not the right way and which led to financial losses for example for early adopters and for early investors. I know several such cases and this was problem of improperly developed launchpads but I would say even considering this fact like 80% of the logic on the indexing part on the graphs part on the execution part it's really very very similar. So in our case while we were building the beam pad basically we built the core of this logic right meaning that if we want the meme pad to expand to the launchpad basically in our case meaning that we would allow projects to launch tokens not just on the bonding curve but on custom bonding curve or even without the bonding curves or for example we want to expand uh trading after the listing to other tokens it's not a big deal right that's exactly It's one of the small products that we are finalizing now.
Maybe even before the perpetual change, we'll just expand our launchpad to custom launches and to all the tokens for example in tonica system. The only constraint that we have we don't want again we want to to stay fully decentralized here. We don't want any compromises by building execution half the centralized way. We still want to stay fully centralized. Right? Most of this logic if it's done properly like in our case is also sharable between the chains right I would say 50 to 60% between the chains if you compare even such different blockchains like EDM and Salana and it's still more or less the same logic in terms of indexing in terms of execution in terms of the way you organize databases inventory and the charts all this stuff it's sharable right it's more or less just the the blocks the transactions are a bit different. The indexer is obvious obviously a little bit different but the pipelines are more or less similar. we'll see more and more multi-chain solutions both in telegram and web in mobile space and I mean not just but you know gi multi- chain how we can exactly make decisions on which uh blockchain should we act next and by the way B&B chain is coming very soon in bloom trading board this week so yes this week the number one is community requests and that that's what I think marketing and business team is looking in the first place.
Number two, I would say it just easiness of integration, right? So, uh for example, to give you example, we have several requests for more niche chains, but they like the tools, right? If we speak about Binance Smart Chain or B in this respect, they already have all the tooling, right? The scanners, the SDKs, it's properly tested when not the first to launch it, right? You know the biggest pain is when you are the first to launch and you do all the testing for another product right it takes a lot of resources on our side a lot of challenges and basically we're just helping another startup launch their product I'm not saying that it's a bad practice but if we speak about the chains that's not something that you want to do you want to enter the systems with already established community tooling launch products etc I would say that there are big names also have three categories. The one are market leaders. Let's call them that way. That's obviously Salana, Ethereum, Binance, Smart Chain, Bon.
There are names that I would say are moving down. Yeah, you also know the names. I've been speaking for years about these names. It's Cardano, Polka Dot. Products that didn't build this tooling and ecosystem around the projects which I think we shouldn't spend the time even integrating. And I would say there are interesting names coming into the market right like small names I can name berry chain is a good example um mental hyperlquid though hyperlquid it's a different animal so to say but again those are let's call them thriving or blooming ecosystems on the market so I think our priority is the first type of chains but we also in communication with the third and I think we should still the second types of blockchains because we're in the market for a long time like the whole team understands very well these three types of blockchains.
Bloom is always about community. So thank guys for sharing your ideas how to make Bloom better and we are hearing from you each time when we have AMA with some different team members. I hear that this is how our direction to hear community especially in design in some new features and token integration which uh next chains can be integrated based on this all criteria maybe base maybe bar chain because of its innovation for the established ones I would say it's definitely BNB and again BNB are obviously our good friends that's why they they're the first ones Salana Ethereum Maybe it's sui because sui is kind of very aggressively enter entering the market but you know the problem with sui it's another language sui is more like I would say standing aside because it's a basically different protocol SDKs indexer everything so it it requires more effort in our side and of course I I still kind of I would mention ton because ton is obviously our good friends is our initial blockchain and we're going to stay true with ton and support and I I really like their road map for this year what they're doing in terms of products we are very complimentary to their ecosystem and yes ton is definitely in this list as for the new coming chains that's a more tough question so I'm afraid to name the the names but I'll name them just don't think about that we're going to integrate them tomorrow right so obviously we are looking at hyperlink liquid but basically just to extend our inventory of traded instruments though as I said we are launching our own own per deck but we still think that some of the interesting liquidity might be on the hyperlquid still right so we're looking definitely at them yes we talked to near talked to mental I would say ber chain guys and probably the fifth would be some AI chain I don't know who will be the leader in the space for now I think the leader is kind of worldcoin I would say but I don't believe that they going to deliver something virtual is like number two benzor is there but kind of I have doubts about this AI chain still I'm not sure they figure out their business model what makes your work at bloom exciting for you personally as a CTO and can you share any favorite moments or breakthrough during your working process? It's really simple and I would say that it would be even my advice to all the builders and developers and in any roles I basically I'm building the product for myself the product that I want to use myself in daily basis and obviously I'm not happy with I use used and still use a lot of different products and G5 space CI space etc but I think that loom has a special place in this kind of world everyone says bringing web two and web 3 world together but That's very abstract.
I would say more closely bring bringing CFI and DeFi together, but again that's also too much abstract. But basically in the end of the day really is it the product that members of the Bloom team use themselves and are glad to use and you know report the bugs do the improvements think about the product. I think that's the main challenge, right? And that that's where the answer lies. And for me, Bloom is definitely the product I would I'm using on daily basis. And that's why I want to see myself and I see myself as an average Bloom user. And that's why I'm thinking all the time what can be improved, how it can be improved, how it can be done better. That's my main motivation. But I think that's a good motivation for any builder. This is not only about development but I think about the whole team. If you support the values of the project and if you use this product on daily basis you this is logical that you're like what you're doing and uh support the product and uh have more motivation to participate in all the growth of the project and so on.
Let's move to community questions. We have a lot of them. First question is about will the tickets be converted or burned and this is about drop mini game. As you guys know we announced it today that uh blue mini game will be shut down in 6 days on my 13. So if you have some free tickets in the game please use them for now. I think it's better to use them. First of all, we're going to drop the game for the bloom points, but eventually I think we don't yet have the final decision, but it seems so that we'll return the game for future air drops, right? Because we'll already use this mechanic to do the air dropping, and I think it's fun. So, I would say that now we drop the game for the blooms points and but later on in some way, we'll return it for the drops.
Second thing, yeah, we have several ideas for doing retro drops for active users. I would give some secrets that we already have couple partners that will be doing some kind of drops based on not on the blue points on the mi points, but on number of games, the number of tickets that person has, number of games games that person play. So I think what's great about the tickets in the game, it's a very good mechanic for retro dropping something. Not just the new drops, but also for retro drops. So I think that's why just not to spoil you know the names and the projects but I can say for sure that we are working with couple now. We want to just wanted it to be a surprise. Why sometimes release date changing? It depends. Most of the cases if we are dependent on someone else's infrastructure for example like on ramp off ramp solution right sometimes it works perfectly sometimes even best solutions on the market they might postpone either signing the contract or giving us the production keys basically I would say that for example with on ram solution we could have easily launched like couple weeks ago but then there was a lot of paperwork then the keys then the security checks all because it took two to three weeks just to sort it out.
Another type of delay I would say when we use for example with multi-chain stuff we were looking at four or five different solution we took a good solution right we started developing with it because we relied on one external team but as I told in the beginning sometimes the best products they're young products they they're not well tested etc and this team started to postpone the release of their SDK and then later on they postponed it for a couple months but they came back and said, "Okay, it's ready. You can be one of the first to integrate it." And we had to like redo the whole pipeline of what we not the whole maybe but like 50% of what we planned had to redo it from scratch because this is what number one solution that we wanted to integrate and yeah we had to make a very hard decision that we have to throw some of the work that has been done for the past month just in order to get the best solution on the market in our opinion.
What's importance of daily strike in Bloom Mini app? You'd be surprised but this is one of the core metrics that we use for now just for we're going to use it for TG but we won't use it like to understand whether you're eligible and not eligible. It will affect I think is one of the coefficient for the number of tokens that the user will multipliers right. Yeah. Like a multiplier. Exactly. As with tickets, I think eventually and daily chickens and general activity are top three criterias for future airdrops because obviously it's hard to fake in the first place. It takes a lot of time and effort. It's like a proof of work, but not in Bitcoin, but in Bloomcoin, in Bloom style. And it's hard for bots, especially thanks to our anti-LE mechanics, to fake it and uh get some drops either from us or our partners.
So again, it's hard to say now and I don't want to give any promises how it will be used. I I don't know myself but I obviously see that for our drop and for future drops and retro drops we'll be using tickets daily chicken and general activity in the app as one of the main criterias for either eligibility or multiplier let's discuss TG from the technical side yeah and maybe about steps we should achieve before telling the final date so how we are working on that right now and uh which steps are still to do. TG itself is not very different of any tokens that we launch in our platform and we did I think several launches and we have several in pipeline both for launching through bloom and for airdrops in future and uh I would say that it's not that much different technically I would say what's different is that of course we want to launch before TG as many products as possible obviously our users they very well understand our road map, they use our product, they give the feedback, but the new users that going to come after the TG, they usually they look at what you already have to at the moment of TG.
That's how they judge you. That's how they decide whether to stay uh within the product and community or go away. So I I think that this month maybe even June will be the toughest month in terms of development for the whole team. The whole team is working 24/7 because everyone understands that everything that will be delivered before TG will be kind of associated with Bloom during the TG. The plans after TG are also big and evolving. There's lots of exciting stuff that we obviously we won't have time and capacity to build before the TG, but we want at least to give a better a more dynamic road map. That's one of kind of my big personal projects inside Bloom that on the new website that we just recently finished before TGE, we're planning to finally do the dynamic road map where we'll be uh more often giving estimates uh and updates on what we are building.
TJ is a big process of not only listening our coin but uh to make things different to distribute the eligibility checker to define the air drop criteria. Yeah, we share the minimal ones. We need to think about multipliers and we need to do it seamlessly. Yeah, to provide guys the best payment experience for the claim function to check eligibility and so on. a lot of calculations and stuff are going well and we are working and uh the the next thing that uh it's really important that uh before TJ we need to have a lot of connections a lot of uh discussions with exchanges to appear on them because this is the the big step and it takes time also finally this is really big milestone that very important milestone for us we want to continue our journey and continue building our products so this is not the final stage as for a lot of projects who are doing TG air drops and so on.
This is some kind of expected metrics from us but this is the milestone not not only the finish line I think one of the first lines in our big journey. I just want to thank the community. I'm glad that my team start coming to the sessions. We get a lot of positive sometimes negative feedback but it's all important to us because we bridge this gap sometimes existing gap between what we are building and for whom we are building. We want to share our interesting ideas but and what we found interesting on the market and what we want to integrate but we also want to get feedback from you guys and just listen to you and sometimes good thoughts come from community as well from internal team and that's why I would say let's just build the best product together and keep going. The last announcement from our side that uh please remember that we have mead token creation initiative.
So this works in this way that you launch your token on bloom meme pad and if your launched meme token will pass the milestones and the numbers you can get that guaranteed prize. The second announcement I want to share with you also that uh we recently used uh the contest for uh meat streamers. As you might know guys, you can launch your meme online and during the live stream and uh we have ongoing contest during one month. Yes, started uh from yesterday. So, please check all our socials and uh it's easy. You can just uh launch your stream and get rewarding USDT and some prizes. Just one last time, B&B chain is coming in Bloom Trading Bot this week. Please look for announcements and we will have the immediate contest with benefits for trading on B&B chain using Bloom products.
Thank you guys..
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