Today Cryptogenik on Offering Time-Locked Liquidity with Sync Network’s CyptoBonds.
Cryptogenik has been in technology from a very early age, learned to build computers in middle school in the 90s and writing software for fun. Then it turned into a career when I was older, and I branched out into web design and web programming.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:01:13:04 – 00:01:37:00
Richard Carthon: Hello, everyone. Welcome to another episode of Crypto Current, your host here, Richard Carthon, and today I have a very special guest working on an incredible ecosystem that is building all kinds of things from DeFi, NFTs, lending, you name it. Even more things that are in the pipeline that I’m excited to learn more about and share with you. We have Cryptogenik, one of the lead devs with Sync Network. How are you doing today?
00:01:37:23 – 00:01:39:28
Cryptogenik: Hey Richard, how’s it going? It’s great to be here.
00:01:40:16 – 00:01:47:09
Richard Carthon: Absolutely. Well, excited to learn more about everything going on with Sync Network, but first, want to learn more about you? Can you give us any background on yourself?
00:01:49:03 – 00:02:18:05
Cryptogenik: Yeah. You know, I started into technology at a very early age like middle school type area, building computers, and that was in the 90s. And then, I got into web development really early on. And then, when I was introduced into Bitcoin and Bitcoin mining, I started mining Bitcoin with just my own computer, and I even have a solid block that I committed to the chain on my own.
00:02:18:10 – 00:02:41:18
Cryptogenik: So, as the name of the block, which is unthinkable now, you know, and here we are later, all of those web development skills that I picked up kind of just played right into my hands when it comes to Crypto because the languages are so similar. So, I got really, really lucky. That’s all it boils down to.
00:02:42:00 – 00:03:10:18
Richard Carthon: Got in early. Understand how to make it. I mean, like you said, you even saw one the change yourself and put it on chain. That’s awesome. For those who aren’t necessarily as technical listening to this, that is highly impressive, just know that. But you’ve been in it for a while being able to mine Bitcoin yourself and you kind of just stayed within this ecosystem, you know, kind of walk us through that journey of once you saw that this was an opportunity. How did you kind of get all the way to the point where you are today with Sync Network?
00:03:11:23 – 00:03:54:12
Cryptogenik: Well, you know, originally I was developing like user interfaces for mining software. I was kind of into the mining scene and then I started to learn about the darker side of the mining scene, and it just wasn’t really for me. And so, I moved over into solidity and building web interfaces, and Mike started off just building simple games, really. Gaming is what got me into programming to begin with many, many years ago as a kid. And then, you know, as an adult, I was like, Well, you know, finances are kind of like a game and people trade those. You have to find the right balance to make them entertaining, to get people to be like, sucked in and held in by it.
00:03:54:26 – 00:04:43:02
Cryptogenik: And then, when you get into finance, you need those exact same things that you learned in, like creating a balanced game to create like a balanced economy and somebody one of our co-founders, Scott, was talking about not being able to trade his stakes in one of these staking coins. And I just got the idea. I was like, Let’s make it tradable. And we talked about how we could do that. And I said we could have an NFT that represents the ask your escrow position in a contract. And we developed it out last November. I mean, last November, we launched it and from there, people, everyone who gets into the system and kind of pulls back the sheets and looks, it’s very excited about how it actually works.
00:04:44:10 – 00:05:00:18
Richard Carthon: No, definitely. And I want to spend time on that. So, now as we kind of get to where we are today and first of all, for everyone listening, if you are not on our YouTube channel, I highly recommend you go and check that out simply for this interview, because man Cryptogenik’s background right now is sensational.
00:05:00:20 – 00:05:20:15
Richard Carthon: Like, I’m not even going to try to describe it to you, but trust me, you want to check it out. I can tell that, you know, you are really all about user interface and creating experiences. You can just see it with your background, but tell us about Sync Network, right? So, what is it ultimately and what are all the different facets of what you’re building right now?
00:05:21:01 – 00:06:03:05
Cryptogenik: So, what we offer is the people to build a diversified mini portfolio into a single asset that isn’t an asset. I know that sounds kind of dense, but I unpack that a little bit inside of that Crypto bond. You get half of it is the liquidity pair on Uniswap that in itself earns fees as people are trading back and forth on that decentralized exchange, then we provide value by locking you burn half of that value with sync. And when you do that, that pulls that sink off of our market, so, it’s gone. It’s not part of our total supply. It’s almost as if the supply shrank.
00:06:03:20 – 00:06:54:23
Cryptogenik: So, there’s a scarcity factor, but it’s hard locked. It’s locked for maybe one or two or three years, but when it remits and it’s matured, you get to cash out all of those trading fees that you earned on Uniswap. Plus you get a bonus of saying that you didn’t have before remitted to you. And in the meantime, if you wanted to trade that position with someone else, you can, but nobody else will be expecting the market to change any further than it was going to when it was created. So, you’re not going to see like a mass exodus as all of the users undertaking their Crypto bonds at some point just because they got weak hands. And so, just the dynamic of that, you can’t undertake it until it has expired its maturity right now. You can hold it beyond that and it will continue to earn fees, but it will cease minting new think.
00:06:55:05 – 00:07:37:01
Cryptogenik: So, we don’t get over inflation or any of those kind of problems. I engineer modeled out some year to year graphs of what our supply would look like, and it’s a fairly stable supply. Like, our supply doesn’t see any kind of inflation or deflation, really, because in order to create those rewards, when people lock up, sink and burn it, do bondholders not get the same kind of rewards? The rewards diminish until there is now more desirable to buy an existing Crypto bond because they will be earning higher rates than a new one you could make. So, it’s not unlimited, you know?
00:07:40:07 – 00:08:08:10
Richard Carthon: That is a very interesting concept. So, just so I can try to unpack that and correct me if I’m wrong, so, let’s say that I come in and I want to have a portfolio of three different Cryptos and on your platform, I can basically essentially turn those into this nifty bond, which therefore has been locked in for two or three years. And I’m going to get that back plus interest, plus, I’m also going to make money for all the transactions that they’re helping to support to secure that liquidity pool.
00:08:08:20 – 00:08:09:05
00:08:09:27 – 00:08:10:12
Richard Carthon: Wow.
00:08:10:14 – 00:08:54:00
Cryptogenik: And Uniswap is the largest DEX period. It gets the most volume when we’re choosing our liquidity pools to add to the DApp. We look at that to make sure that they have adequate volume and because volume is a measurement of how many trades happen that day, right? The more trades that happen that day, the more you’re going to make as a liquidity provider. So, we choose pools, you know, that are either small, because if they’re small, then you’re going to earn a larger portion of the fees that day or their high volume or a mixture of the two. So, there’s the king gradients that we look at when choosing which liquidity pools to offer up on our platform.
00:08:54:14 – 00:09:12:04
Richard Carthon: Right. And like you said, the other part of it, too is because it’s a bond that’s locked up even if you yourself who owns that bond, if you want to sell it to somebody else to get liquid and get out, you can. And so, it’s a really unique way to still be able to get some really good returns without necessarily having to be locked into the time period that’s been allotted.
00:09:12:19 – 00:09:33:27
Cryptogenik: Yes, exactly. So, if you create the Crypto bond and you decide to sell it on the secondary market, it doesn’t drive down the price of zinc because you’re not selling things right? You know, and so, this derivative secondary market aspect is what we see in the real world all the time, and it’s used to much success.
00:09:36:00 – 00:09:46:14
Richard Carthon: Now, on this one of the other elements that you brought up that basically you kind of turn into NFTs, but you have a whole other play within the NFT market as well utilizing this new kind of speech that a little bit.
00:09:46:24 – 00:10:29:07
Cryptogenik: Yeah. So, let’s say you create a Crypto bond and you’ve had it for like six months and there’s some new token you want to invest in. You can take your Crypto bond and put it up as collateral and someone will lend you money on it. Then you can go and make a short term investment or, you know, flip it or whatever. And whatever you make back from that, you have like 90 days to pay that person back. You know, maybe at 10 percent interest, but if you made two extra money, you were able to leverage that Crypto bond and you’ll get your Crypto bond back. Plus you were able to utilize that liquidity while it staked, so your earning wallet staked.
00:10:30:08 – 00:10:49:27
Cryptogenik: You’re over here. You’re able to participate in other things that are in Crypto because you’ve freed up your liquidity. The person who lent you the money made 10 percent. They’re happy. So basically, it enables us our whole economy to take liquidity from other places and bring it back in.
00:10:50:20 – 00:11:23:11
Richard Carthon: Right. It’s bringing it all together and it sounds like kind of that DeFi play as well to where you’re truly being able to decentralize and create these very interesting financial tools so that people can have the liquidity that they need to go and make more money, come back, still utilize the position that they have because liquidity is always the challenge with any financial play that you have. And if you’re doing it in this unique way, it sounds like it’s just giving people more levers to pull to be able to have access to these different opportunities as they arise.
00:11:23:21 – 00:11:49:06
Cryptogenik: Yes. I really like the way you put that because that’s exactly what it is. You have opportunities across the board. You have an opportunity when you create a Crypto bond. You have an opportunity when you lend on our lending platform to someone else who’s looking to borrow money on their Crypto bond. And for all the liquidity providers and our liquidity pool, they’re making really good and it supports the actual token underneath it all.
00:11:50:08 – 00:12:21:14
Richard Carthon: Right. It’s truly creating the ecosystem that you want people to be able to come in and find value without having to go to external parties to get an element that’s missing within the platform. I found that a lot of projects right now they come in and they solve like one or two of the solutions, but they might be missing, you know, one or two things. And it sounds like you all have been very considerate with how do you get all of the elements that make Crypto in this DeFi world amazing and try to keep it all within one ecosystem in one platform.
00:12:21:16 – 00:12:44:00
Cryptogenik: Yeah. We’re building out from the center around this concept of Crypto bonds and just expanding the different tools that are available for you to use the ecosystem that you can use Sync with. So, in our next addition to that project, which we could go on about the artwork, by the way, there’s a lot of artwork that’s involved in this.
00:12:44:09 – 00:12:57:03
Richard Carthon: So, before we talk about the pipeline, I definitely want to talk more about that because I know that is a huge element of what’s going on right now and what’s coming I think in the near-term future. So, can we talk about some of the artwork as well?
00:12:57:12 – 00:13:38:13
Cryptogenik: Oh yeah. So, we have a generative artwork algorithm that uses a DNA string when you create that Crypto bond to generate the artwork. So, when you create a Crypto bond, our engine will draw the artwork and there’s various rarity levels on what characters appear in it, what colors they are and what backgrounds you get and things like that. So, there’s actually an artistic rarity aspect to it. When we first launched, we had the first generation of artwork was just a single scene, and now we’re on our generation two that has like, dynamic characters and dynamic scenes, and it looks a lot better, more put together.
00:13:38:26 – 00:14:11:18
Cryptogenik: And then, we have a new art package to be released this year. And then, we have another new NFT art project coming up called synchronous. And that’s a whole new animal altogether. But it’s very interesting and we’re going to be releasing this synchronise and they’re like a profile picture project if you’re familiar with like, the board apes or something like that. It’s very similar to that, but we see a lot of them a later pivot into a DAO, right?
00:14:11:20 – 00:14:42:27
Cryptogenik: So, they’ll launch as a creator project, then pivot into a DAO and pass it on to the community. Well, we’re going to do that from day one, so it’s going to launch immediately and then we’re going to open the door. And with that funding, that’s going to be raised from that. The Dao and the community are going to vote on which product we’re going to execute on. So, a lot of them, you know, they get a lot of money in and then, they try to like, advertise on Times Square.
00:14:42:29 – 00:15:23:12
Cryptogenik: I saw lucky Bernanke and a few others that actually put their NFTs up in Times Square during Labor Day weekend and you know, that cost like $300,000. And it didn’t really change the price of their NFT easily. So, we were considering what the value propositions of these NFTs are and could be. And we thought, Well, what if the Dao creates, you know, a community that comes together and builds a product that then pays returns back to all the people who hold those new, synchronized NFTs. So, they’re going to look like a little astronaut, you know, it’s going to be able to use as a profile picture.
00:15:23:21 – 00:15:31:00
Cryptogenik: And they have really awesome backgrounds like this. They’re animated. Oh, and that’s cool. Yeah, they’re animated. Generative. They look really awesome.
00:15:31:12 – 00:15:51:17
Cryptogenik: I’ve been working on the last several months now, but I think the value proposition is just going to blow everybody out of the water because if you hold one of these NFTs, it’s going to be like you hold equity in a company of sorts because all the revenue that future products that this thing makes are going to be paid back to those Synchrony holders.
00:15:52:15 – 00:16:28:19
Richard Carthon: Man, let’s spend some time on that. And you talked about a lot of things I want to unpack that, I think for the future of NFTs are headed. And you talked about so many points that make too much sense that a lot of people don’t necessarily understand. I want to unpack them. So, the first part of as you look at the NFT space and just the broad opportunity that’s in there, there are a lot of elements that have come and generated a lot of value. The first being is just like, what is driving a lot of the prices of activities right now. I think personally, it’s hype is the new age. How do you flex on people and show like, Hey, here’s this thing of value?
00:16:28:21 – 00:17:22:14
Richard Carthon: So, your profile picture, whatever it is, here’s a way that you can say I’m part of this distinguished club and it makes me part of this exclusive group, but the underlying thing there, though, is to have an ecosystem, a way to provide value back to people. So, one of the things that brought it up did is they did these drops. So, if you owned NFT, they basically then just gave you the mutated ape. And then, essentially because the price was X, Y, Z, they gave away free money. So, what you already started as a decentralized Dao, decentralized autonomous organization, you’re already starting with the game in mind of like, if one of these entities are owned, how do we immediately drive value to owning said thing. And like with that in mind, in this all the iterations, I’m sure you’re going to have in the future with it. That is, I think, the best way as you enter into an NFT projects, you’re thinking with the Indian money like, you know, kudos for y’all for thinking through that entire process.
00:18:04:15 – 00:18:50:29
Cryptogenik: You’re really going to like this next part then. So, in order to add value to our existing token holders, what we’re going to do is a little bit different than some of the other projects do. If you’ve been in some of these cells that they have, they go on sale and then you have to fight everybody to actually participate and you have to pay extremely high gas, I think we have found a way around that. So, we did some snooping around and I found an organization called 07:21 Third Chinese Organization that has an arrangement with the miners who do flash loans, and they buy a thousand NFTs when they go on sale in one block and pay no gas.
00:18:51:14 – 00:18:51:29
Richard Carthon: Wow.
00:18:52:18 – 00:19:46:01
Cryptogenik: And then, they cherry pick all the good ones out and keep it for themselves, and then they dump the rest on their own community, saying, Oh, well, you know, we’re helping you buy them. And so, that’s not a good model because, you know, they’re taking advantage of everybody, right? And people don’t know this, but they’re still participating in this club because it’s guaranteeing them in the drop. Whereas the normal people trying to get in the drop all get pushed out because in one 14 second block, a thousand NFTs are minted and nobody in their community was able to get one. So, what we’re going to do is use a mint pass system and that’s been used a few times before, but all of our existing users with Crypto bonds are going to get a mint pass. And they comment at leisure in a three day window without having to race each other and run up the gas prices.
00:19:46:23 – 00:20:05:16
Cryptogenik: So, the gas prices will stay low. It’ll be kind of a lower stress barrier of entry. You can just, you know, anytime that minute period, you can mint. And then, after it’s over, if anybody hasn’t redeemed their past, we will sell the remainder. After that, and that may be very few and maybe none at all.
00:20:05:23 – 00:20:47:24
Cryptogenik: I mean, so I wouldn’t count on getting into that cell at all. You’re going to have to find a minute pass now all the Crypto bond holders who get dropped a mint pass. In the month of October, leading up to the sale on Halloween is our target date night. That’s our target date, so, they can actually buy and sell and trade. The Mint passes on a secondary market like on Open Sea so they can trade them there. And if they decide they don’t want in or whatever, it’s just free value for them so you can get in early that way. But there’s not going to be an actual gas war going on that is so cool.
00:20:47:26 – 00:21:00:22
Cryptogenik: So, there was a NFT project that recently launched that basically had that happen where everyone was trying to mint and then, all of a sudden they were all gone within a couple of seconds and the eggs. I think it was the Syndicate.
00:21:01:05 – 00:21:01:20
Richard Carthon: Yeah.
00:21:01:22 – 00:21:02:25
Cryptogenik: It happened to Galaxy X too.
00:21:03:06 – 00:21:19:03
Richard Carthon: Wow. It’s sad because you get all of your members that were looking forward to this, they get extremely frustrated and all of this and what they went back and did was kind of what you just said with the parcel. At that point, now people can go in at their leisure. As long as you get one, it’s all good.
00:21:19:05 – 00:21:44:14
Richard Carthon: And again, you’re learning from all the other mistakes of what has gone wrong in others and not protecting downside and making it more equitable for people to get in there, not having to spend an ungodly amount of money to do it. But you’re also giving a lot of what I mean, a lot of reasons to be part of your ecosystem early and rewarding them for doing so and people really like that.
00:21:45:03 – 00:22:26:06
Cryptogenik: Yes, the early people definitely get rewarded and the people who are later, they will. They’re the ones who will have to go to the secondary market. Right now, our project is kind of, you know, minting enough, 50s itself. The gas has gotten quite expensive. OpenSea lately has been outperforming Uniswap in just gas fees, which is not good. And so, coming up here pretty soon, everybody who has a Crypto bond and I think it’s going to be airdropped an additional Crypto bond and a copy of all their seeing on the Pulse Network. And we’re going to fully support the Pulse Network coming out of the gate.
00:22:26:15 – 00:23:14:19
Cryptogenik: So, everybody is going to have twice as many assets are artwork like, say, if you have bond number 1,000 on an Ethereum, you’re going to have a P bond on the pulse network called P 1,000, and it will have different artwork, completely different. And since Pulse has kind of a pink theme, we’re going to put pink borders around them and differentiate them, but all of the liquidity is going to be duplicated as well on the pulse Uniswap, so you’ll be able to claim your liquidity from there. So, all of the current Crypto bond holders are getting one airdrop of a mint pass, and they’re getting another airdrop from Pulse, and we’re going to support that as well. So, there’s a lot of free stuff coming for our users. Right now, it’s an exciting time to be in it.
00:23:14:21 – 00:23:51:11
Richard Carthon: No doubt. And it’s ecosystems that understand how do you drive value to your users because when you have something like that, your community is just going to go out and tell the people, Look, this is something we need to look at right now because they’re just driving us so much value that we didn’t necessarily ask for. But it creates that loyalty and it creates that sense of urgency to want to get in and be a part of this as soon as possible. And you know, one of the things that I want to bring up is recently an article came up about the insider trading that was happening at Open. How are you all going about to make sure that stuff like that isn’t happening on your platform?
00:23:52:05 – 00:24:36:06
Cryptogenik: Well, when it comes to the release of our new NFT, the Synchrony, we’re going to utilize provenance. Provenance is where the artwork is or it is all pre-generated, right? They are pre-generated up front. I’ll be able to see them, will be able to proof them, but once we put them up, they’ll be locked into a position in a certain sequence, like a specific sequence. And once the cell happens and concludes, contractually, it will randomize the starting position. And so, nobody will know what they’re going to get. Not even the founders board apes have done this. It’s pretty common, you see, but it’s actually ignored quite a bit by a lot of communities.
00:24:36:16 – 00:25:13:10
Cryptogenik: And whenever it’s ignored, that’s when you know that the founders are going to be gaming it, making sure they get all the best drops or all the rare ones, and we’re going to ensure that there’s a very even distribution. And then, we’re going to randomize it. So, on top of that, that’s one of the things that can help mitigate insider trading. If we made a platform, for example, like Open Sea, I wouldn’t have made the front page have a featured artwork at all. That’s just a bad idea. It should be algorithmically saying like, this is the top seller right now or something like that.
00:25:13:12 – 00:26:11:01
Cryptogenik: But when you’re featuring things like that, those are either paid for spots or somebody put them up there. And because I’ve seen artwork up there that frankly had no business being featured, it was featured for the sake of profiting somebody, either the artist or, you know, because it was duping people into thinking it was some sort of rare art for all the people who don’t know. You know, if you’re not deep in the art world community, you’re not going to know the difference between, you know, Beeple and some random random guy, you know, and yeah, that was just a bad mistake on their design, and they’re not going to change it. They’re going to leave that temptation up for the next guy and the next guy, the next, and they’re going to think, Oh, well, you know, Krypt. And the other thing is, is maybe he’s the only one who got caught. Yeah, you know, he got caught the rest of the Open Sea guys are like, Oh yeah, let’s throw him under the bus and get rid of him and hope nobody pays attention to what we’re doing.
00:26:11:12 – 00:26:31:21
Richard Carthon: There has to be a fall person when it’s something like that because it’s not like that was the only person that knew. I mean, when one is on that kind of scale, you know, it’s unfortunate. And I think as long as people understand that there are cleaner ways to get this done. And again, making things fair and just equitable. And like with that in mind, people are going to start flocking to those types of communities.
00:26:31:23 – 00:26:48:15
Richard Carthon: And it sounds very much like Sync Network is doing a lot of that. Man, you’ve given us a ton to think about and a lot of good things. What are some, I mean, I don’t know if you have any other things that you want to share that are within the pipeline, but I’ll first start with that. Are there any other things that you want to let people know about?
00:26:49:21 – 00:27:34:27
Cryptogenik: I just really want to let them know that when we release on polls, you know, we do have a version two of our contract coming down the pipeline and us releasing on Pulse is kind of a way to get to lower the barrier of entry for people to learn about creating a Crypto bond because right now, to add liquidity, you’re looking at about a $80 fee in gas to create an NFT. We actually have one of the most gas efficient NFT creation contracts that there is, and it’s still $80. When we first launched in November, it was, you know, $5 to create an NFT. That was a pretty low barrier of entry by launching on Pulse Chain. People are going to be able to make a Crypto bond for like 10 cents.
00:27:35:12 – 00:27:35:27
Richard Carthon: Wow.
00:27:36:26 – 00:28:18:12
Cryptogenik: They’ll be able to add liquidity for 10 cents that will enable $100 bonds. Right now, it’s not economically viable for someone with $100 to create a Crypto bond when it costs 160 to make it, right? You know, so in light of that, what I think we’re going to see happen is when you come to our DAP and you see like the choice between Ethereum in Pulse, people are going to cut their teeth on the Pulse Network, learn how our ecosystem works, see it function and have these like, you know, penny stocks of sorts. And then, they will look back at Ethereum and version and be like, Oh, that’s like the gold standard, you know? So, if they’re going to make a larger investment, they’re going to do it on the Ethereum side.
00:28:19:11 – 00:28:58:09
Richard Carthon: Yeah, that is very interesting. And just to spend two seconds on this, the biggest heartbreak of me and what’s going on with where I am right now is that at its core of what they’re trying to do, decentralizing creating a platform very good and like truly had the right intentions at heart, what has turned into with these gas wars is making it impossible for most people to be able to participate in the amazing opportunities that are within the Ethereum ecosystem. Because if you went to a bank right now and they said, Hey, I want to go buy this thing for dollars and said, great, it will be $120 to do it. It’d be like, why would I ever do that?
00:28:58:19 – 00:28:59:04
00:28:59:15 – 00:29:22:16
Richard Carthon: People do it every single day on the Ethereum network. And hopefully 2.0 helps fix that. But in the meantime, there’s things like Pulse Network to help solve that and some other options as well. So, I agree with you. I think that’s awesome to be able to provide and have ways that anyone can still get involved. And it would be feasible from a cost standpoint to participate.
00:29:22:28 – 00:29:39:24
Richard Carthon: But again, man, I really appreciate all the insights and information you’ve given us. I always like to wrap up with two fun questions. The first being with all the knowledge that you have right now, if you could give yourself two to three pieces of advice when you first got started in this space, what would you tell yourself?
00:29:43:08 – 00:30:15:07
Cryptogenik: To myself? Well, you know, there’s a lot of pitfalls that I think we all fall into along the way, but one of the biggest ones that I have found is that trading is usually not a good time in the market. Beats timing the market every time. I’ll tell you a little story, I, you know, sold 25 Bitcoins for about seven video cards.
00:30:16:03 – 00:30:19:09
Richard Carthon: Wow. Yeah, that’s tough.
00:30:19:11 – 00:30:22:16
Cryptogenik: Yeah, hoddle.
00:30:23:11 – 00:30:25:09
Richard Carthon: Yeah, great lesson.
00:30:25:16 – 00:30:41:24
Cryptogenik: And that lesson is reflected in our Crypto bonds. You know, it makes strong diamond hands. If you look at all of our Crypto bonds all across the board, they’re all up over 100 percent or more. I mean, what’s wrong with that?
00:30:42:09 – 00:30:42:27
Richard Carthon: Nothing.
00:30:44:06 – 00:31:07:08
Cryptogenik: It’s amazing, and it just forces people to hold. You have to hold long enough for your value to actually accrue, and most people sweat after one or two paychecks worth of waiting, you know, a month or two in and they’re like, I can’t take it anymore. They can’t stand it. You know, they’ve got to do something. And really, you need strong, multi-year holds. So, to make it good.
00:31:07:21 – 00:31:31:01
Richard Carthon: I like that. I appreciate that. One of the ways I kind of frame it for people, I call it my Crypto 401K. So, if you have a traditional 401K, you know, you’re not touching that money for years. And so, it’s like, Alright, whatever, I’m putting the money aside, I’m going to touch it one day, but it’s different. It’s because instead of, you know, you have to wait until your 60s, you can be like, Alright, I’m just going to be five, 10 years. Or if you want to do two or three, as long as it’s years behind it, you know, I am not touching this.
00:31:31:08 – 00:31:52:09
Richard Carthon: And so, it’s easier for you to digest and swallow like, Oh, the right now doesn’t matter. Fluctuations don’t matter because I’m not going to actualize this until x amount of time. And when you do that, you still win. And so, I really do appreciate that thought. But as we wrap up here, man, what is a final thought that you want to leave with all of the listeners here today?
00:31:53:00 – 00:32:29:28
Cryptogenik: You know, I just want to say thank you to everybody who has given us a chance since we launched. We’re not a year old project yet, but like I said, we launched last November, so, we’re getting close and we have had some of the most loyal, faithful, strong community members, the synchronous, the time lords. If you get into our Discord, you can only access it, by the way, if you have a Crypto bond. So, when you get into our Discord, you can see parts of it, but then you have to use the exclamation point command and then you can get in deeper. And if you create a Crypto bond and join our Discord, you can meet some of these guys. They are wizards.
00:32:30:09 – 00:32:55:02
Cryptogenik: We have people in the community much smarter than me in there, and to me, that’s the most flattering thing to have people that, you know, just, they know what they’re doing, they know what they’re talking about and they see the value in the project. That blows me away and I’m so honored by our community and thankful to have such a strong user base that we have, so, big shout out to all those guys.
00:32:55:15 – 00:33:35:18
Richard Carthon: Man, that’s awesome. Honestly, in all the times I’ve done this, I think you’re one of the first to genuinely just give a gigantic thank you just to the community first and that just speaks to all the value that you’re already giving, how important it is for you to keep building that amazing community. So, thank you so much for that. Everyone listening right now, if you’re not a part of this community, I mean, I know I’m going to go look into this now just because of how it’s very clear Cryptogenik is passionate about his community, and that’s awesome to me. And like you said, man, there’s a ton of geniuses in this space, but people also are very free with sharing information and being open and helping you grow.
00:33:35:21 – 00:34:04:15
Richard Carthon: If you’re open to receiving that information, but you have to participate, you have to get into the groups and you’ve got to be in there. It’s the proximity for opportunity in this space if you take the steps. So, my challenge to everyone listening today, just start taking some steps, go be proactive, take some action. And who knows, it could help change the whole scope of your life. So again, Cryptogenik, thank you so much. What are ways that people can learn more about you and also learn more about Sync Network?
00:34:05:23 – 00:34:36:26
Cryptogenik: I strongly advise them to get into our Discord. That’s probably the number one way, but you’ve got to think Montcalm at the footer. You’ll find all of our social media links, Twitter, all that stuff, whichever it is that you use on there in some form or capacity. But the magic that’s going on in our Discord right now is truly impressive, and I think it’s just going to be growing alliance. It’s a lot easier to get in early on a community like this and introduce yourself and become known, you know? So, definitely, that’s where to start, SyncBond.com.
00:34:37:06 – 00:34:45:12
Richard Carthon: We’ll make sure to include that in the show notes. And I just want to thank you again for being on the show. And of course, for everyone listening, Stay, Crypto Current.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.