Electroneum - Uniswap/Bridge/Pump.Fun Scam?

Welcome back to the channel. I hope you're all having a great day. So I'm going to talk a little bit today about Electroneum since its blockchain has been launched and on Although that was very exciting news, where does Electroneum stand today? And, uh, you know, where is it going? What's happening? So first, I think we should start with the advantages of having a blockchain such as the one Electroneum has now. There are capabilities that it didn't have prior to this. Now, some of the issues, as you can tell by the title of the video, is that now that we have all the tools that, uh, we need, the key things that was holding Electroneum back, now it's time to implement them. And I think what's happening is the Electroneum team It's kind of, they built it, okay, you got all the tools you need, developers need to come in and they'll start building it up and, you know, you'll— it'll be able to do what most other blockchains do. But it's not quite— it doesn't quite work that way. This isn't exactly an autopilot situation and unfortunately it isn't even a community organized on its own, uh, situation. So in saying that, what I think needs to happen, what I think needs to occur is, uh, you know, at least in the initial stages, was that Electroneum needed to create some infrastructure, right? So a few necessary components have popped up, such as the, uh, DEX popped up The ElectroSwap DEX popped up, and the DigiCoin creator— I'm sorry, not DigiCoin, the DigiSpin creator, who has been a, a member of the Electroneum community, has— is doing a DEX of their own. I think it's gonna be called the DigiDEX, right? So that's two DEXs. Now, those are good starts and everything, but There is difficulty in even, even getting and owning Electroneum, right? It's been some circles we've had to jump through. You can't swap Electroneum easy for other cryptocurrencies on DEXs such as what you might get with Uniswap. And so there needs to be Uniswap inclusion, there needs to be bridges built right? So we can swap these other EVM, uh, uh, coins to Electroneum easily, right? Whether it's your Polygons, your, uh, Ethereum-based, uh, projects and what have you, right? Because, um, Electroneum blends now with those type of blockchains, right? Now it would have been nice had the Electroneum team did some type of development in that department. Now, I don't know exactly on the legal parameters how they want to, you know, how they go about this and, um, you know, keep everything on the up and up with this regulations and such, right? So those are things I would like to consider before just, you know, uh, saying what the Electroneum team should do or should not do. But I do think there needs to be some type of leadership to the structure, or at, or at the very least, some workshops, uh, to kind of get, or, or welcoming of development teams and some type of way to facilitate them so that they can build many of these things we need to build. Uh, you know, from what we see with a lot of other projects, right, especially When it's easy to create tokens, you get tons of people creating their own tokens and such. And I know that a lot of people in cryptocurrency don't like those capabilities because you can get a lot of scam coins and such. But it is important to remember that these are how these work— chain— these— I'm sorry, these blockchains work, and it's how they're able to get new people trying them out and learning about them as such, right? It's no different with Ethereum. It's no different with Polygon, Matic, and so on, right? Binance, as it were. So those things need to happen. And so I think Electroneum in some way needs to try to facilitate that, facilitate getting on Uniswap, facilitate building bridges where they can swap these tokens as such. To some degree, or setting up, uh, certain types of symposiums as such, or, uh, you know, hosting some type of events for development teams who can meet up together and discuss how to get those things done. And I think we'll start to see a lot more successful things going on with Electroneum in that regard. That's what I'd like to see Our, um, of course we plan to do a cryptocurrency project on here. Uh, if you watch the channel, if you've been subscribed to the channel, you guys will know that will be this type of Twitter-like, uh, social media wallet-based everything coin, right, with an algorithm that is going to award you the tokens for, uh, your social media energy activity. right, and such, and to have something to facilitate the value in there. And we're already doing that on several other chains that already have that infrastructure in. We know Electroneum's new, but, uh, you know, definitely we love them to get to doing something like that. We would like it very much if it didn't take 7 years to get it done, uh, and I think that's where we're at with it on Electroneum. Now with that said, I want to kind of segue over to Pump.fund. A little bit and give you some updates on our project BitcoinMYK. We do think we're starting to get some movement over there, and so we want to talk a little bit about that. Yes, as we come over here to Pump.fun, and if you don't know what Pump.fun is, it's kind of like this launchpad for Solana-based coins, meme coins, uh, which seems to be the, uh, you know, one of the orders of the day on Solana. But what's interesting about it, and these are the pros about it, number one, it's easy to launch a cryptocurrency on here. Very easy. Probably one of the easiest I've seen. The fees aren't ridiculous. Uh, it has this kind of launchpad. In fact, I'll just read in their own words how this works exactly. And this is our project BitcoinMYK. I think it'll be cool if Electroneum did something like this. And there are a lot of negatives about Pump.fund, and we'll cover them as well a little bit. But, um, we're just gonna give you an idea what's going on here with BitcoinMYK. So it's saying that there is a bonding curve progress of 3% so far. When the market cap reaches $55,127, all the liquidity from the bonding curve will be deposited into Radium and burned. Progression increases as the price goes up. There are 770,601,754 tokens still available for sale in the bonding curve, and there is 0.64 SOL in the bonding curve, right? So that's the, the actual SOL in here, uh, that's the market cap needed for it to reach Radium. And, uh, as you can see, we do at present do have some people buying, uh, and so that's all interesting, very interesting stuff. Uh, um, and this is a very interesting platform. Now, with all those positive things said, let's get the negative things out of the way. Uh, this place is, it's overrun with a lot of, um, uh, projects that are half-baked. Uh, they are doing a lot of rug pulls from my understanding. And so I think what's key in a platform like this if those type things bother you. If you're a gambler, maybe it won't bother you. If you know, if you're kind of crazy, if you're a daredevil, maybe none of those things matter. And of course we have many people like that because if we didn't, meme coins wouldn't be a thing, right? So we got the crazies. But if you're more sensible and that's not the way you wanna go, but you like the idea of launchpads, you like the idea of good projects getting funded before they start having more stability, then those parts of Pump.fund can work for you, uh, on a platform like Solana, right? Um, and it's very hard to know which projects are going to do the best, but one thing for sure is there, there is a type of hype that generates around this, and, uh, it can be exposure to your, your project and your platform, right? So you got to weigh those things, right? Uh, it To me, it would make sense if something like this was done, uh, with more level-headed projects. But this is what we got, you know. People want to make quick money, and you have to some way balance the good and the bad with that. And hopefully we can get these people in good projects where they don't lose their money, where they aren't harmed, uh, by these things. But definitely, if you go on here and you're not thinking critically, you're not, uh, you know, taking all of the lessons that you learned over the years in cryptocurrency and applying it here, that you will be a horror story. And, uh, on this platform, right, you know, obviously with us, we hope we can be an example by getting over to Radium. And I think we will. I think we will hit the, uh, the, uh, Radium and, and, uh, you know, grow our bonding curve to 100%, I don't think we're gonna have a problem there. Um, and hopefully we can be an example on Radium because many of the platforms and projects that get on Radium, once the people have pumped them up, made money from them, they dump them. And, you know, I mean, these things go nowhere, right? It might be a handful of them that do, and typically those are prepared projects where you got creators who had a plan and, and, you know, worked hard to get that plan implemented, right? Of course, you have the craziness with the meme crowd doing crazy stuff, and, uh, you know, who knows what's going to happen with that, right? Uh, if it's all done in fun and jest, um, that's one thing, and, um, that doesn't have to be a issue for many. I say it's your money, you do with it as you please. But if it is one of those things that bother you, if rug pulls bother you, if you're that guy that complains about losing your money in crypto and rug pulls and everything in cryptocurrency is a scam, if you're that particular guy, then, um, you know, you want to be mindful of all of those things, right? And, uh, One issue I've had with the community is these people who jump into these projects like this, these meme coin projects as such, uh, if they just kind of took it on the noggin and said, well, you know, I risked X amount of money and I lost it, I did something stupid with my money, I bought something that doesn't have any value and it failed, and they, and they, and they took it, you know, like a big boy, uh, I would be okay with that. But the fact that they jump in these things and then they turn around and say, oh, this guy's rug pulling here and rug pulling there, Well, what do you expect, right? What do you expect? Again, uh, people have the right to do what they want with their money when they go to Las Vegas, when they go to casinos. I have no issue with that. But these people know what they're getting. Uh, I don't hear people, uh, leaving Las Vegas going, the casinos are a scam, right? And if they felt they were a scam, maybe they shouldn't have been there, right? And so, uh, that's all I want to say, you know, in comparison to that. All other things considered, the way this is set up, I very much like the idea that these things are going to be funded when they reach the exchanges. Uh, you know, there's going to be capital in there, you know. Yeah, people might dump on it, the development team may dump and all those things, but they likely will dump because they didn't believe in the project to begin with, right? But I'm going to leave it at that. Um, Guys, and, uh, you know, we'll hopefully update you in the future on what's happening with Electroneum, uh, and hopefully there'll be, uh, more good results and positives, uh, where Electroneum is utilizing itself to its full potential. And, uh, what we're doing here on SOL and any other chains that we are— communities that we're a part of, uh, you know, hopefully we'll bring you some great news there. As you can see, uh, we are moving down the line to get ourselves, uh, you know, on the bigger exchanges, to get ourselves, uh, in front of everybody so they can know that there are good projects out here that we think can change the space for the better. But that's all I want to say in this particular video. If you like content like this, to keep updated on our latest information, don't forget to subscribe to the channel. It will notify you. It's a good idea, uh, if you uh, like our content, be sure to let us know by slapping that like button. All right guys, until next time, as always, take care of yourselves and each other.