On today’s episode of the ACCEL Podcast, we welcome one of the Directors of Public Relations at ACCEL, Ryan, as we discuss his background, role with ACCEL, and what the PHLIP is going on with ACCEL’s latest NFT-Powered game, PHLIP.

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Episode Transcript:

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The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk. 

On Part One of this two-part series, you were introduced to Matt and Brian from the ACCEL Gaming Division. We discussed their background as it pertains to blockchain and gaming, involvement with ACCEL as well as P2E Gaming and their use of and integration of NFTs.

On today’s episode of the Podcast, Scott, Eric and Ryan welcome back Matt from the ACCEL Gaming Division to discuss how P2E Gaming, NFTs, and two exclusive projects that the ACCEL Gaming Division are working on!

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Episode Transcript:

[Scott] On today's episode of the ACCEL Podcast, we dive deeper into the world of blockchain games and their use in the NFT World. As always, my name is Scott and I am Eric and I'm Ryan. You're listening to the ACCEL Podcast defining a decentralized view future, One listen at a time.

[Scott] Thanks for tuning into part two of our series on blockchain gaming. We wanted to do something a little different this time with regards to putting the podcast together, and what we came up with was to survey the community or rather solicit questions on topics of P2E Gaming, Play-to-Earn Gaming and their use and integration with NFTs. 

[Ryan] So Matt, I wanted to welcome you back onto the ACCEL Podcast. How are we doing? 

[Matt]Good, pretty good. Thanks for having me. 

[Ryan] Always our pleasure. But right out the gate I feel like we've got to set the record straight as one of the leads of the ACCEL gaming division. What kind of games do you like to play? 

[Matt] Honestly, I like hard games. I've always been a big fan of platformers. My favorite game when I was young was Sonic. Still to this day I also love RPGs. I played most of the Final Fantasy series and a lot of the current very modern RPGs. I'm currently playing Eldon Ring. I think it's an absolute masterpiece and I'm honestly up for anything that seems some sort of a challenge or a good build up on an RPG element. 

[Eric] So Matt, I wanted to go back to the basics from our earlier episode in relation to what P2E or Play-to-Earn games are on. Maybe you could give us some examples of the P2E Games, what blockchains they exist on, and maybe some games that currently aren't in the space that you think could come to the blockchain. 

[Matt] I think the Play-to-Earn model, even though not formally it has existed for the longest time. And just calling out to our previous example. In the previous episode, RuneScape was a game that people actually started trading items for your money very long ago. And then that model was also formally implemented in Diablo Three and casually seen in World Warcraft, where it was a bit more informal. So the P2E aspect of trading time for some reward. Usually money has existed for the longest time. You can call on online casinos, online card and poker platforms, et cetera. At least those would be most of the games that would be outside of the space. And if we were to go inside the space, you have a lot of gains that have existed for a while. You have mostly yield farming gains, kind of like Axie Infinity, Crypto Cars, Bomb Crypto. A lot of these have very good options as well, and I think it's gotten pretty popular these days, so those are great examples. 

[Eric] So my question, can you be more type specific. In your opinion, what are the best blockchains or the best platforms that relate to the P2E Games, which makes it the easiest to navigate. 

[Matt] I would say anything that's currently built upon the most mainstream platforms, like you have Ripple, you have Ethereum, you have Bitcoin, which not a lot of games are tied to. Most of them are tied to Ethereum and Ripple. So I would look into something with that. You also have BNB and other big options, and it generally is going to be tied to whatever the devs think is the most stable platform to build upon. 

[Eric] All right, so now that you touched upon with the devs, in a devs opinion, let's say, or in your own opinion, if you're acting as a Dev, what would be the most profitable? 

[Matt] I would say just not to give out names because I would get burned for that. But whichever has the most potential for growth, because as the game grows, as the community grows, as the base grows, so does everything else tied to it, the tokens, the rewards, and everything gets better. So whatever is going to have the biggest room to grow is going to be the thing that's going to give the most returns. [Scott] So I guess it kind of follow up question of that is, I completely understand that. I think we see this craze with there being talk about Solana and Matic being big for gaming, but the big thing is for it to be scalable. Can you kind of give us a little bit of an explanation how these P2E Games are kind of profitable for the developers, even going back to the online poker and stuff like that, how do you actually make money off of it? And how is it that you're not throwing money at making these games that just don't have any returns on them? 

[Matt] Yeah, it usually comes down to how you model the economy of the game itself. For example, the real money trading market and Diablo Three actually had a transaction Commission for every buy and every sale. So that is also true with a lot of the current crypto games. There is a transaction fee that is being used in every single transaction by yourself. Kind of like being repetitive here, but that's usually how devs can still hold a pool of the big amount of those resources to make sure that they don't run out, to make sure that they can scale over time to make sure that tokens don't get overcapped and to its own. It's similar to how every company operates when you're first starting out in a company, you're always going to have some sort of shareholding because you're invested in the project and they can't really pay you a full salary. So they pay you in equity that gets you involved. And that makes you be sure that if the company does well and it scales, then so is going to be your share. 

[Scott] That makes sense. So it's all about kind of making sure at the early stages you're bringing in the right people and then making sure you have the right backing. I guess that kind of ties into what my next question would kind of be. And it's a commonly asked question that we see a lot over in the ACCEL community is how does P2E Games work in attracting people that aren't currently interested in the crypto space? Are you seeing kind of trends that are starting, that are really kind of pushing for that game, by experience, by outside investors that maybe might be involved in investing, but not in crypto or even individuals that might not invest at all? 

[Matt] I would like to break that into different viewpoints for different kinds of profiles. First, as an investor, why would this be like an important thing to you? Because as an investor, like crypto projects actually have a very good standpoint in the fact that they can actually have a bigger growth than most of traditional investments. So it's a very attractive market to get into. Also, as the game skills, as the community scales, you can also bring a lot of other things to the table where we touched a bit on the last episode about things like fractal ownership. So you don't even have to bring money all the time. You don't have to bring funding on the time. Maybe you own your musician, you want to stay a part of your music. Ownerships are all right. So you can get people that get that NFT can get royalties, and there are so many other valuable things that you can actually just convert into this game or market. And then from the player's side, obviously most of the people you have people that have been in crypto for a while, and you have people that have games for a while. For those who have games for a while, like me, it's really cool because now I can actually sit for hours in front of a screen, play, be good at a game and actually get something out of it, rather than my mom telling me to go to bed. So that's from one side and then you have the other side, which is the people that are in crypto who usually are more into the investment side, they actually have a fun way of interacting with their tokens, a fun way of watching those stakes and rewards and investments grow in a way that you're more of an active participant into everything. And it's a bit fun rather than just sitting there and watching candles on a chart. Not that's a bad thing, but there's more to life than that. 

[Ryan] So Matt, I wanted to backtrack for a moment and specifically discuss the earn in Play-to-Earn games. Could you discuss how and what exactly players earn in these games and how NFTs come into play? 

[Matt] Absolutely. Well, the earned part of any interaction that involves real money is done through tokens. 99% of the time is done through tokens. When you go to the horse tracking bed. Like you get this little slips of paper that you can later and cash in if you win. When you go to the casino, you get chips that you can cash in if you win. And sort of every single game has that mechanic built in where you win tokens inside the game and then you convert your tokens to get outside of the game. And this draws a very strong parallel with how everything in the physical world currently works. So the model is not really that different. And where do NFTs come into play here? A lot of these can usually be done or used as collection based items of a Rarity based items. And you can hold these NFTs that would be implemented into the game. And as the NFT or the usage of the character or the item or anything that it is gets more popular and more popular and it increases in value because the community perceives it to be rare or to be more valuable than others. That's a really good way for people to get involved is like, if you have the sense that an NFT is going to become popular, you can get it minted early and then when people use it, when it becomes popular, and what increases value and someone wants to rent it off of you or someone wants to permanently buy it off of you, it'll most likely have increased in value from when you brought it in. 

[Eric] So Matt, touching on NFTs and regarding NFTs because we know how huge they are now in the crypto space, how they function within the P2E Garning model. Could you talk a little bit about that? And ACCEL's recent acquisition of the Soldiers of the Metaverse NFT collection and how the SOTM NFTs will be tied into ACCEL and What I'm starting to hear their Mortal Kombat style P2E Game that is currently in their development, which I know you have a tremendous impact on. 

[Matt] Oh yeah, it's been such a fun time to work on the model for the Satin acquisition. And I think you have the basics, which not all of the NFT's are currently implemented in the game. We have a decent line up of characters, but not all of them as of yet. So the NFT in itself will increase in value as the game increases in popularity. Because who doesn't want to own a very rare Batman comic? If you're into comics, it's sort of the same community perception that makes you geo cards, rare, magic cards rare, like comic books are very rare or old collectibles, et cetera. Those things are very important because they tie back to someone's ability to own the NFT, believe in the project, but not necessarily play the game. There's people that don't like fighting style games. There's people that maybe they didn't like how complicated certain inputs might be, or they might not be their favorite time type of game. So that allows and gives people the flexibility to have something sticked into the game, not necessarily have to play it because you don't like the mechanics of the game itself, and then you can still participate somewhat into how everything's going to go up into the game. 

[Eric] So, Matt, if it's possible to could you just elaborate a little bit on the beta access in relation to the NFTs? 

[Matt] Oh, yeah, absolutely. That's something that has come up recently. The game is currently in beta access. We're working with a limited pool of people that are currently testing the game and helping out with ironing the bugs and making sure that we find anything that might be exploitable, et cetera. Because when you're going to stake tokens into a game, you want to make sure that everything is stable and fair as possible. The beta access, I think, has been going on, not for too long. It's still going to be out there for a bit. So if someone wants to get involved, I think it would be a good idea to look up the project. And obviously as the game goes on and it moves to like a pretty lease sort of endpoint, all the other questions are going to be answered over time. Right now, I can tell you I've actually played it and it's really fun. And the mechanics, at least the fighting game mechanics are really solid, not great with inputs, but that didn't stop me from actually just getting a combo or two in. 

[Ryan] Matt, that's good stuff. That's good stuff. But what if I'm not interested in playing this game? So is there an incentive to purchase and hold one of the Soldiers NFTs if I'm not interested in playing this game? Yeah, there would be, because for the same reason that I own a big ass Batman hand painting, because it's more related to how people perceive the value of the community around the game itself, rather than you just playing the game. There's a whole bunch of people that have a million posters or a lot of things, and I'm not good at drawing, but it's not going to stop me from going out and investing in something that I believe is very well drawn and stuff like that, because as I said before, it allows me to participate in something and being a part in something without actually having to play it. If I own a soldier and the game becomes popular, that's also going to benefit me because my soldiers both the Mint price if it were to be reissued or new soldiers were to be issued, and the acquisition price for my own NFT as well is going to go up. So even if I don't play, there are still ways for me to benefit off of the project. 

[Scott] So I guess, Matt, my next question would kind of be for you. We brought in a developer recently that was added to the team that kind of specializes in staking pool build out. And one of the things he does is NFT building out for staking pools. And it's kind of a new concept that's really starting to catch on. And with passive income being a huge part of ACCEL, can you kind of elaborate a little bit on how these NFT Staking pools work and what you kind of see them doing in the future? 

[Matt] Yes, I think I am not an expert in the topic, but honestly, it's one of the trends that I've seen come up a lot recently. And the idea of an Ft staking, if I'm not mistaken, would be among the lines of something similar to rent, kind of like you can put your entity out there and people can use it. And obviously, for every win that the character has, you get a bit of a share. And that is also true for other games where you actually are the owner of something, but you still get royalties if someone else rents it out for usage. And a common topic that comes to mind for that is, again, just the RMT market and Diablo Three, where not only you could purchase weapons, you could actually just borrow them for a day, but you have a lot of these very good options to own something and not having to sell it for someone else to be able to use it. And at the same time, given that you didn't have to sell it, you also were able to accrue, one might say rent or profit off of it, kind of like in the horse track how the jockey isn't really the one that owns the horse. So the guy that owns the horse still gets profits if the horse wins and the jockey get profits if the horse wins. So it's sort of like this mixed ownership model that allows people, as we said before, people that might not have zero interest in playing the game. They can stake an NFT that is actually currently tied into the game for people that do want to play the game but may not have an NFT ready at the moment for them to be able to play, to stick to win, and then they both profit a lot from that interaction. 

[Scott] Okay, Matt, so I guess they got a little bit of a follow up question for you, because I think the big thing that we kind of see with what we were just talking about, people want to be able to profit off of NFTs, and I think something we really want to see is the ability to bring our own art or ideas to life. Is this something that you kind of see how some of the games have to is the ability for people to bring their own ideas, their art into fruition? 

[Matt] That's kind of a hard question, and I want to divide it into two parts. I would say both yes and no. And the reason for that is that it can be done. But that doesn't mean every project is going to implement it. Why? Because you can build the Game around the NFTs, or you can build the NFTs around the game, which is kind of like the example with Axie and like the current games that you have out there, because the NFTs are specifically designed to work in a pattern in a way that the game itself implements, rather than the Game having to adapt to any new NFTs because there are not a lot of interoperability projects. And interoperability. What it means is basically a way for the same item to work in different ways in different games. There is, I think, the Loot project, and it's really, really cool because every single game can infer the stats of the items themselves. Like they just give you the NFT, so you can basically implement it in any way that you'd like. But that also requires a lot of manpower. It also requires you to be able to implement something that bridges that interaction with a random NFT. And that is not only rendering or models or physics or whatever it is, it's something that is really hard to plan when basically the NFT world is endless. So, yes, I believe there might be a project in the future. I can see projects coming up that sort of implement that, but I also see it's going to be very hard to do. So I think we might still be as a community as a whole. Like the NFT community still might be a bit far off from getting that done. It's definitely a huge stream to have, and it's definitely something that I would look forward to. But at the current time, with the current capabilities, I think we're still a bit far away from that. 

[Eric] So, Matt, it seems like a lot of these P2E Games require some sort of initial investment at first to play. But do you know of any games that don't have any buy in but still use the P2E Model? 

[Matt] Yeah, I can think of a few, honestly. There are, if I'm not mistaken, at least one or two games that have that implemented. But to be more specific, I want to talk about an upcoming game. It's called PHLIP. You're going to see it soon in the announcements, if not already. And this sort of ties back to the previous question, which is something that I like a lot. And PHLIP is one of the first games that sort of implemented this kind of freestyle mode into the NFTs because it's just a card game, but it's really fun, and I suggest you check it out. 

[Eric] So, Matt, you've intrigued me a little bit here about PHLIP, but you kind of gave us some info, but you really didn't let us know what it's about. Could you just give us a little more so our listeners can really get a greater grasp of what PHLIP is about? 

[Matt] So basically, yeah, this game has a similar model to Cards Against Humanity, but implements a lot of more of the freestyle way where you can come up with your own phrases. There's going to be cards that you could mint as NFTs, and they're also going to follow that model that we've mentioned about before. The general idea of the game, if you haven't played Cards Against Humanity, is to just come up with the funniest possible phrase to an image. An image is going to be thrown out, and then you just throw your cards. Whoever gets the funniest answer is going to win. And then cards are going to have different rewards. And basically, like, if you get voted by the judge, you're also going to get some rewards. And that's a really fun way of getting involved playing a game. If you're currently not involved in the crypto space that you like to have fun and all these fun games, that is a really good gate into whatever it is because you can be funny. And if you're funny, you have currently found a way to make that funny profit for you without having to go to stand up comedy and Saturdays. 

[Ryan] So, Matt, how do you feel about the Soldiers of the Metaverse project or even the PHLIP project? Are you guys, ACCEL or does ACCEL have any special plans to keep it fresh and relevant for new players coming in? 

[Matt] Yeah, that's a great question, and I think it would be important or interesting for people to know about that, because you might think that people that come in and made first come, first served, and they're the only ones that are going to get good rewards with time. And that's not true. The idea is that we want to bring in as many people as possible. We want to bring in people not only right now, we want to bring in more and more people as the project evolves and grows and implement new mechanics, implement ladder, implement tournaments, implement different sorts of things that will make the game evolve over time, like the soldiers of the metaphors that you're seeing right now that you're going to see at launch will not be the solution of the matters that you see two to three years from now. We want to make sure that this project goes on for a long while, and that requires a very delicate balance of a lot of things, but also a lot of work from our part to keep it fresh and making sure there's always, like, different things. So the community is always excited about the next thing that's going to come, and that's the same for Flip. I think while being a simpler game, there's still a lot of different things that can be done for that. So that's something that we're also looking into. 

[Eric] So, Matt, is there anything else you can tell our listeners about how we kind of plan to tie the ACCEL gaming ecosystem together as a whole. 

[Matt] Yeah, actually I have a very good nugget for everyone out there listening and that is that we are working every game in such a way that it is either directly or indirectly tied to one another. So if you're a part of one, you're always going to have preferred access to the next one. You can get probably early access to some of the newer games. You can get preferred staking when converting to one game to another. There's a million surprises coming off and I would strongly suggest that if you are not an existing holder you can come in now. There's a lot of cool things coming in, especially with NFT minting. So that's going to allow you to be part of a very select group of people that get to test a lot of these things early. [Eric] Once again, I want to thank all our listeners for tuning in again today to the ACCEL podcast. Please feel free to join us on Telegram or check the show notes for our link tree. 

[Ryan] And Matt, thank you for your time and for being a part of the ACCEL podcast, especially this two part mega episode. As Eric said previously, check out the show notes for all of our links and our link tree and even a full transcript of this episode. You want to go back and read some of the things that were said as always sit back, and ACCEL!

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The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

 The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

 The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On today’s episode of the ACCEL Podcast, Scott, Eric and Alex welcome back ACCEL University Director, Chris (known as Drake in the community) to help explain the in’s and out’s of multi-chain projects, the importance of arbitrage trading, and why having a functional bridge is a must in the multi-chain space.

For more information on ACCEL , please visit www.acceldefi.com or our Link Tree: https://linktr.ee/AccelDefi

For educational resources related to ACCEL and Crypto in general, please visit ACCEL University on YouTube using the following link: 

https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg

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Episode Transcript:

[Scott] On today's episode of The ACCEL Podcast, we welcome the return of ACCEL University director Chris, also known as Drake, to help explain the ins and out of multiple chains, the importance of arbitrage trading, and why having a functional bridge is a must in the Multi Chain space. As always, my name is Scott, and I am Eric. I'm Alex. You're listening to the ACCEL Podcast, Defining a decentralized future. One listen at a time.

 [Alex] Welcome everybody to The ACCEL Podcast. Today, we welcome back Chris, A-K-A. Drake the director of ACCEL University. So, Chris, we brought you on the show today to explain the purpose of multi chain projects. At a first glance, they may seem overwhelming. Can you explain a little bit more about that? 

 [Drake] Hey, Alex, thanks for having me back on the show. I'm excited to be here. And yeah, absolutely. We can talk a little bit about multi chain projects. So basically, a multi chain project is any project that launches across multiple blockchains. And there's a couple of reasons why someone would do that. But the main idea is to allow the largest community and the largest user base to have easy access to the project. And depending on where you're located or where you might live, different cryptos and different blockchains might be more easily accessible to you. So being able to access those communities across whatever blockchain is easiest for them really opens up doors for your own project. 

 [Scott] Yes, I think that's one of the misconceptions we kind of see a lot in the DeFi space, Chris, is people don't really understand why people want to do that. But I think one of the main misconceptions is people don't really understand that a lot of people like to stay on one or two chains. They don't really venture out and day trade on multiple chains. Is that something that you really see as you're looking into the analytics of the different chains? Is there not a lot of turnover between BSC traders and Ethereum traders versus even throwing in Matic? 

 [Drake] Yeah, absolutely, Scott. And I think that's one of the things that we see pretty often is that you tend to stick with the chain that you kind of started with. I think for myself personally, for example, I started with the Ethereum chain. And even now, as someone who lives in New York, BNB and BSC aren't easily accessible here. So I know a lot of my peers and other people who might not have the same accessibility to other blockchains tend to stick to the one that they're familiar with. So definitely while there are some traders and some people who are very well versed across the blockchains and tend to interact with them all, we do find that a majority of traders, majority of the community, tend to stick to the chain that they're most familiar with. 

 [Scott] Okay, Chris, with that being said, I guess my one little follow up question to that would be, do you kind of see this as a positive then with the different chains allowing people to venture out a little bit, when you have these multi chain projects, it allows them to find that comfort zone in a project they're already in to venture out into a different chain. 

[Drake] Yeah, absolutely. And that kind of loops back to that idea of providing the most easily accessible way for people to not only be able to participate in a project, but also to do so with a chain that they're familiar with and comfortable with. 

[Eric] So, Chris, with that all being said, is it possible you could give us a little insight to us and the listeners to the pros and cons between multi chain projects? And which types of projects do you believe are more successful or predicated to each blockchain, if that even exists? 

[Drake] Well, the one thing I will say is that for the most part, when it comes to multi chain projects, the advantages those pros outweigh any cons that might come up. And again, that comes to access and community and also being able to disperse your liquidity across these chains. You know, generally speaking, those pros outweigh any cons that you might see a couple of cons that tend to exist. And I'm sure this is something that we can touch upon a little bit later on today's podcast is when there might be price discrepancies across different blockchains. Right. And so that tends to lead to arbitrage, for example. But generally speaking, any cons that might exist because you're listed on multiple blockchains are just very small in the grand scheme of theme, in the bigger pictures. And then in terms of the types of projects that tend to be most successful when they are Multi Chain projects, this kind of loops back to the bigger idea of what we're seeing in micro crypto right now. We tend to see this gravitation or this shift towards utility projects. Right? There's a bit of a movement away from meme coins and things of that nature. And people and the community at large are now shifting towards projects and businesses with actual sources of value, actual sources of utility. And that's where we're seeing a lot of investing activity, a lot of volume. A lot of traders are kind of interested in those types of projects right now. And when you pair a utility project with the opportunity for it to be MultiChain, for example, ACCEL itself, you tend to get the best of both worlds. And really, you're opening those doors and also you're able to provide your utility sources across your multiple chains. Right. So now it's not just utility for Ethereum holders only. It's not just a theorem for anybody who trades on BNB side only. This utility can be implemented across the chains. So you're bringing your value to a larger audience. And those are the types of projects right now that we see are really popular at the moment. 

[Eric] So it seems Chris, from your explanation, there really aren't that many cons when you can level out across different blockchains and give the opportunity to basically a lot of different buyers predicated upon what their purchase power is, whether it be Ethereum, whether it be Matic Polygon, whether it be the BNB, it seems to only have a plus or upside potential, which brings in, like you said, the Arbitrage and the other aspects of trading along all other blockchains, and especially when you brought an ACCEL as an example, dealing with the fact that we have multiple utilities that are coming to market, that it can only be advantageous for ACCEL to trade across multi chains. 

[Drake] Absolutely. And the one thing I would say on that or the one comment I would have would be, I really think the only time you would see the Multi Chain kind of disbursement really lead to some negative side effects if some type of project were tried to do that without actually taking into consideration the manner in which they did it. Right. So, for example, if you look at ACCEL's rollout across the multi chain, something that is being very carefully considered and calculated, that type of rollout where you're bringing that project to multiple chains is being done the right way. So I would say that the only time you would really see those cons is if someone tried to make their project a multi chain project without actually putting in the footwork or doing the research to make it successful. 

[Scott] So, Chris, now that we kind of have the basic understanding of how these multi chain projects kind of work, can you give us a little bit of a brief dive into the TA (Technical Analysis) side of it as you see the big benefits in these multi chain projects? 

[Drake] Yeah, absolutely. So I mean, really, again, when we talk about how multi chain affects a project and what those benefits might be, again, what we're kind of seeing is the opportunity for growth being presented and also the opportunity to not only disperse your project across these chains, create multiple liquidity pools, but you're also seeing the chance to bring in Arbitrage Trading to your project as well. Right. So there's a couple of different aspects at play, but the basic idea behind all of them is that you're spreading your project out, and naturally, in doing so, you're creating a larger foundation for it. So by spreading it out across blockchains. Right. You're creating multiple liquidity pools, for example. And if you remember from our previous conversations on that, we talked about how having multiple liquidity pools actually helps the stability of the project. So that's another advantage that comes to that. It's another benefit to this like, functionality. And then when it comes to Arbitrage, which I think we'll definitely touch a little bit upon, now, that's where you kind of also see the opportunity to grow the project at a much more rapid pace than you would without this functionality. 

[Eric] So Chris, our listeners could understand a little clearer with the Arbitrage trading and then being able to be in more than one blockchain, which currently run two, and I believe we're going to be moving towards a third and possibly a fourth. Could you give a little more of an explanation to give an understanding for maybe the newer traders out there who really don't get a total grasp of arbitrage, what it actually does to the coin price across these multi chains? 

[Drake] Absolutely. So Arbitrage, again is trading when there is a price discrepancy in the coin. Right. And so that could be a price discrepancy across a specific exchange. Right. For example, so something that we talked about was maybe the price difference between Xcel on a decentralized exchange versus a centralized exchange, something like that. And being able to take advantage of that price difference where you could buy at maybe the lower price and sell at the higher price. For example, when it comes to arbitrage trading cross chains. Right. Really what we're seeing is the opportunity to welcome HFTs to ACCEL. HFTs high Frequency traders, generally speaking, are either traders with a large amount of capital or traders who take their capital and put it into a bot. And so now a bot or an algorithm has access to a really large capital. And what they can do with this is the bots can go ahead and they can place these high frequency trades, these really large quantity trades and take advantage of those price differences. Price differences across the multiple chains. Right. So one of the things that we might see, for example, and obviously at the time of recording this podcast, Xcel has not officially launched on the BNB side yet. We did just close the presale, but the actual launch itself has not started yet. But once that does, what we could see is if there's a price difference in the ACCEL coin value from each to the BNB side, being able to welcome that volume to our project, welcome those High frequency traders to the project and allow them to take advantage of that price discrepancy of that price spread. Now that might not sound like something that's advantageous to the individual holder. Right. How does someone else profiting from these price differences affect me? But the thing that the holders have to remember in our community as a whole is that the more volume ACCEL has, the more opportunities that our project has as well. Right. And so, for example, one of the things we talked about was how central exchanges, certain central exchanges will only list projects that have, generally speaking a million in volume daily. Right now, obviously, that million in volume might not be made up from holder transactions exclusively. And so when we welcome High frequency Traders into our project, when we welcome that Arbitrage, we give that opportunity. They can add to the volume of the project and increase the overall opportunities that are being presented to us. One of the other things that happens with arbitrage trading is that as this price spread is taken advantage of. Right. As the differences in price are being utilized, what actually will happen is that the prices will tend to gravitate or come closer, that spread between the prices will tighten as more people take advantage of it. And so the unintended effect or really the added benefit is that these people will end up bringing the prices of ACCEL across the different chains closer to the same value. And so having ACCEL at the same value for me as an individual holder, now that's an advantage that I can use because now I can swap maybe from one chain to another, and the prices are going to be very close. Right. They may not be exactly identical, but that spread might get tightened through arbitrage trading. 

[Scott] Okay. That all makes good sense, Chris. So I guess a follow up question to that and something that you kind of see a lot with some new investors is they get a little scared by this idea of arbitrage trading. They don't really understand that the price is going to move up and down, like you were saying, and that people are going to have the opportunity to make some money on it. They look at it as a negative and there might not be a ton of balance. I know we touched on them a little bit in our last time we had you on. Could you kind of just give us a brief overview again of what these different market making services are and how they work? 

[Drake] Yeah, absolutely. So again, the idea here is that these different services exist purely to make the experience for the individual holder a little easier. Right. And so one of the things that we touched upon previously was how when there's a price discrepancy between maybe a central exchange liquidity pool for ACCEL and then the decentralized exchange, these market makers can come in and in the same manner as what I just described, be able to tighten the price spread for us, be able to try to bring those prices closer together. And generally speaking, that's just going to create overall an easier experience for any holder in ACCEL. Right. So these market makers will come in and they'll be able to utilize transactions to drive the price a little higher or a little lower to try and match the other prices of ACCEL. Right. And when those prices get closer and closer together, obviously our stability increases. Obviously, the ease of doing transactions across different exchanges increases as well. So really having that functionality is just another benefit to ACCEL holders. And whether it comes directly from the exchange itself through the use of market making or whether it comes from individual bots that are taking advantage of arbitrage trading, either way, neither of those functions or neither of those trading systems are going to be disadvantageous to ACCEL holders. Right. We still get benefits from that experience. 

[Alex] Thank you so much for breaking that down for us. Why would it be important for ACCEL to have its own bridge? 

[Drake] Yeah. So ACCEL is building its own in house bridge, right. The ACCEL bridge. And essentially what that's going to do is it's going to, again, make the ability to navigate this multi chain project more accessible. If I have ACCEL on the ETH side and I want to swap it over to the BNB side because that's my personal decision or preference. Being able to do it in house, being able to have an in house cross chain protocol is going to make that transaction so much more easy. And in doing so, again, we start to kind of give our holders the tools needed to navigate all of this without having to worry about, do I need to use an external bridge? How do I get my ACCEL over to BNB? How do I make these swaps? How do I stick in the different pools? All of that stuff kind of goes away, all those questions or concerns when we have an in house bridge that we can kind of fall back on and rely on. And so essentially, that bridge is what's allowing ACCEL to communicate across these chains that it's listed on. And so I can go into the app or however the bridge is actually implemented once it is finally released to the public and make that transition, make that swap in the app and it'll be just the touch of a couple of buttons and I don't have to worry about really anything else. It'll all be 100% automated because again, that's going to be built in house to communicate directly with ACCEL and communicate across its multiple chains. 

[Alex] Speaking of it being built in house, is there anything that you can give us without going into too much detail that's going to separate ACCEL's bridge from the pack? 

[Drake] Yeah, absolutely. So, again, the idea here is ease of transaction, right. Making the experience for every ACCEL holder as seamless as possible. And so when you kind of look at the bigger picture for all of ACCEL's products and sources of utility, right. When we look at ACCEL's launchpad for Coin building and things like that, and you realize that there's a bridge built into our platform that allows us to navigate multiple chains in house, then you can kind of start to see that bigger picture, start to see how having that own bridge, and especially a bridge that works so well across these chains, becomes an additional resource to the holders, becomes an additional resource that we can take advantage of and provide not only to the holders, but to people that we might partner with, provide to maybe projects that ACCEL takes on, or when we have mergers and acquisitions in the future, being able to use that bridge to our advantage, however we need, is going to be a huge leg up on the competition because it's built in house, because we have our own protocol, because it's cross chain because it integrates into ACCEL platform. You kind of piece that all together and you're like, wow, this is really convenient and it's also really valuable as well, right? So we don't have to do any of that externally. It's all in house and it's all also available to ACCEL’s holders too, 

[Eric] Chris all great information and with such clarity that really brings it home to our listeners and just so our listeners all know you can get all this information at ACCEL University and also at our YouTube channel and all of our socials thanks again for stopping by. 

[Alex] Chris we really appreciate you breaking down everything for us about Arbitrage trading was very informative again everyone please check our show notes for our link tree. Please give us a like please give us follow subscribe if you'd like as always sit back and ACCEL.

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The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On today’s episode of the ACCEL Podcast, Scott, Eric and Alex welcome Brian and Matt from the ACCEL Gaming Division. On Part-One of this Two-Part Series, Brain and Matt discuss Blockchain, Play-to-Earn (P2E) Games, NFTs and how their integration with blockchain technology is not only growing, but accelerating to new heights of adoption across multiple chains. 

For more information on ACCEL , please visit www.acceldefi.com or our Link Tree: https://linktr.ee/AccelDefi

For educational resources related to ACCEL and Crypto in general, please visit ACCEL University on YouTube using the following link: 

https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg 

Episode Transcript:

[Alex] Welcome to the ACCEL Podcast. Today we have very special guests for you, Matt and Brian. They head the gaming division here at ACCEL. 

[Alex] Can you tell the listeners a little bit about yourself, your background in gaming, and how you found yourself developing P2E Games in the crypto space? 

[Brian] Thanks again. As you said, my name is Brian. I've been an avid gamer pretty much my entire life. I've just been working into project management and programming for a few years now, and basically I've just brought everything together when forming this division as it appealed to all of my skills that I've built over the years. And I've been working on building this division from the ground up. So I am very excited to have a couple of people in our team. And honestly, it's been pretty much a dream of mine. I've always wanted to be kind of a project manager programmer for a small indie company. That's kind of something that's always been a dream of mine. So the simple fact that now I finally get to do it is fantastic and I'm looking forward to the future. 

[Alex] Thank you very much for giving us a little bit of information on your background. Is game development something you went to school for, or were you self taught? 

[Brian] That's a great question. I was self taught. The only kind of experience I have is some coding classes when I went to University, but I never really used them for gaming. It was just got through the courses and at the time that wasn't something that I planned on using. But now that I'm here, I'm really glad that I decided to stick with it. Those late hours of going through code, it's finally going to pay off. 

[Alex] Wow, that's fascinating. Hey, Matt, can you also give us a little bit about your background and how you got involved with ACCEL? 

[Matt] Absolutely. I've been in eSports. I was an eSports pro in my 20s. I actually have been involved in gaming for about 18 years now. Always dream. Just like Brian, we've been friends for ten years. We've gone through a lot. We've discussed a lot of things that we want to do, and this is sort of like making all that happen. I personally come from an engineering background. I am pretty good with numbers and like I set up both developed games simply and I've worked on different games just through the variable aspect. And I've been very involved with technology for the last ten years. So when Brian told me about this opportunity, I thought it was a great time to come in, materialize all the things that we've discussed over the years, just bring them together and make this an amazing environment. 

[Alex] Thank you very much for giving us that information. 

[Scott] So I guess that kind of leads us into our next question. I think there's a lot of kind of confusion around gaming in the crypto sphere and kind of how everything ties together. There's a lot of different words thrown around that I think kind of confused people between these console games and these mobile games that you can play on your phone, ones where you can actually earn rewards, ones where you can't can you kind of just give us a little bit more insight on what exactly you guys are going to do in the gaming division, how that ties into crypto? 

[Brian] Yeah, absolutely. So mobile and console games, they all use a standard protocol, and basically there's going to be a way that we can be able to connect them to the blockchains. As of right now, that's the challenge. But I believe that what we can do is it's definitely coming along. It's faster than you think. Right. People have been playing games for virtual tokens for years, and really the only change now is that they be playing with a stake and earn real world assets. So, you know, you basically instead of farming your own Gill, gold, whatever the ingame currency is, basically. Now what you can do is not only can you throw money in there, but there are also ways to earn the money through various tasks, et cetera. And it's basically a great community effort because you're going to have people that are going to be let's say all I want to do is be a blacksmith. Right. Well, everybody's going to need a sword. So you're going to have those one on one interactions in transactions with people just like you and me. And we'll be able to use centralized token or coin or what have you. And we'll be able to do all kinds of trading. And I think Matt can actually elaborate a little more. 

[Matt] Absolutely. What basically is happening here is that before, if you went to any game, you'd earn that game's currency, right? You could earn gold, you could earn Gill, you could earn, like, little jewels and Candy Crush, et cetera. And all those things actually allow you to participate or buy items using that in game currency. But those items and those things are only limited to that game, and you could never translate it into something outside of the game. You could be the best player in the world in Candy Crush, but you're still going to get beat up at school if you're a nerd happened to be honestly, it was an experience. And the good thing about these games, the strong thing about these games is they can appeal to both the time and skill that you can put in. And that skill doesn't always have to be related directly to one task. Right. Like, for example, you have people with different careers in the world that do different things. And in the gaming, in the meta verse itself, you can tie all this together that people are going to be very good at. Some people are going to be very good at racing, some people are going to be very good at guessing a number off of a deck. And some people are going to go more into the creative side. You know, they are going to design characters, they're going to build certain items, they're going to build a lot of different things. So there's always going to be a discipline that appeals to anyone. And like, as with horse racing, where one person wins and everyone else loses, you actually have all these opportunities for different people to come together and use the things they are good at, use the things they want to do, and they all have the same possibility to earn something that they can just take back with them after. 

[Scott] Okay. So I guess my follow up kind of question to that then is these Play-to-Earn games have kind of been around a while. Why do you think you're seeing this trend kind of catching on now? What is kind of that ignition behind it? Do you think it's the blockchain interaction? Is that kind of that big selling point that's really bringing the play to earn games, too? We're seeing them really rise to the top right now. 

[Matt] Yeah. I think one of the key reasons is exactly what you mentioned. Because for everything that happened before, one of the big elements was that there was always, well, not really in games, but like, if you take it to real world, there's always going to be someone in the middle regulating transactions between players. So, for example, this is a very simple example. If anyone out there has played RuneScape, I'm sorry for you. But Besides that, if anyone out there has played RuneScape, you've gotten like scammed at least once. Like, some person comes in and they want to sell you something and you give them your gold because like, okay, I want the site, I may give you my goal and then the person just disconnects and disappears and you basically got stiffed. Truth be told, it's just a game currency. So it wasn't really that much of a hurt on you because you really feel bad when it happens. And Blockchain Technology just has had its peaks since 2019. If I'm not mistaken, it was first developed around 2009, but it's really seeing the strong adoption today. And the important part of Blockchain Technology is that it can do two things that usually didn't happen before. A it can regulate transactions between two parties without having like a physical third party having to exist. And the second one is that is a trust system so you don't actually have to go and trust the other player to make your transaction. Because it's going to be written in code, it's going to be hashed and there's no way you're getting out of that. No one can really stake a different item in transaction than they originally did. Scams are there like scams happen every day, but it's mostly like 99% of them are mostly due to a human factor. And that's why the fact that you can now actually have people playing against something that they don't need to trust, they know there's no way to go around it and they're going to get the returns of what they're putting in. It's not a scam, it's going to be like written code. The smart context is going to be there. It makes people a lot more confident to stake money or stake different sort of assets in these games. Kind of like when people in the 90s were afraid to put their credit card information anywhere because they all thought like they were going to get cloned and scanned. And now like you'll just go to a Russian site because you wanted to buy that PDF, that one book that you need to print for your son and just put your credit card info in weird Russian site with like not thinking about it twice. 

[Brian] Also, one thing I'd love to add is I believe now more than ever people actually want to feel like they're a part of something bigger, right? So let's say you've got your avatar, you're going in the Metaverse and you want to buy paranike, whether it's going to be for your avatar, like The Sims where you can dress your avatar, or maybe Nike will have a special NFT for X amount of sales. So either way you've got the people who, I just want to make my avatar look cool, I want to spend it on this, that or the other. And then you've got other people that are, I'm doing this for the money. As far as like, this is a really cool limited edition Nike NFT. I can only imagine we're going to be bringing in some big names very shortly. And one of the cool things is you don't necessarily have to be quote, unquote whale to own a piece of the pie, right? You could have in the Metaverse, you own a piece of land and then that land has the shoe store in there. So someone who comes in and say 1000 people purchase that land, anybody who gets sales from that Nike shoe is going to disperse equally. And so everyone's going to be able to not only say that they've got some connections with brand management, but also just sales get X amount of tokens or whatever. And then you use those for basically whatever you'd like. So it's just really cool. 

[Eric] So Brian and Matt, you guys have done a diamond explanation of giving us a little bit of your background, how you're now starting to tie into ACCEL. So for our subscribers and maybe a couple more of our more veterans in the ACCEL game–I'll put myself in that category–give me a little more insight if both of you could, or a little more understanding on exactly what P2E Games are, and with that being said, exactly how they are going to now tie into The Blockchain, and I know you started to get into how we pay for it. I know, Matt, you had alluded to your son or your daughter can tie in a credit card, but bring it back a little more to the basics, and just let me know about the P2E Games, how they tie into The Blockchain, and exactly how it's being monetized. 

[Matt] P2E or like Play to Earn is just basically any game that gives you a reward for playing it. You can even define like, if you loosely define it, you can even call P2E to those little machines in Japan where if you exercise, you do ten squats, you actually get a train ticket. And it's sort of the same principle that comes in there. And people relate this a lot to casinos for that reason, because you basically go in, stake your money, make some bets. Betting is one of the many forms that P2E has. And I think there's a hidden gem that NFCs will bring that still hasn't been tapped into and relates directly with fractal ownership. There's a lot of artists that have talked about this. It's basically sort of selling a part or selling a piece of, for example, the right to your music. Like, if you have a favorite artist, how cool would it be if you could own a small percentage of the rights to their music? 

[Brian] Right. And NFT's in general, all these tokens would actually make for a strong case in which people can bring their resources together. We can form a pool of 30,000 people, and we can all pool our ETH. And the good thing is no one has to trust anyone else and get that pulled resources and get that pulled money to let's say we're all a big fan of Nike. You want to buy a percentage of Nike and sort of be able to bring the Nike brand into the Metaverse or get some dividends out of the Nike shares and et cetera. That's a strong point of NFTs and I think it's going to be seen a lot more because people are starting to realize there are a lot more uses to this than they thought originally. 

[Scott] Yeah, I think that's one of the craziest things we're kind of seeing in the blockchain and crypto areas. A lot of people don't really want to jump on this innovation and it's one of the things we're really seeing is everything is tied together and in our next episode we're going to kind of touch on this, but we want to leave you guys on a little bit of a cliffhanger. But in the next episode we're going to kind of explain to you guys how this all ties back together. The Metaverse, the NFTs, the Play-to-Earn, the blockchain and how they're all in one. So we're looking forward to this next episode. Please join us again with Brian Matt. It's going to be awesome. Bye.

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The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On this episode of the ACCEL Podcast, Scott, Eric and Alex interview Bhaves (aka Juicy Jerms in the community) and discuss his professional background, involvement with ACCEL, cryptocurrencies and the market cycles in this space. 

For more information on ACCEL , please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi

For educational resources related to ACCEL and Crypto in general, please visit ACCEL University on YouTube using the following link: 

https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg 

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Episode Transcript:

[Scott] On today's episode of the ACCEL podcast, we interview Bhaves, also known as Juicy, as we discuss his background, involvement with ACCEL cryptocurrencies and the market cycles in the space. As always, my name is Scott and I'm Eric. And I'm Alex. You're listening to to the ACCEL podcast Defining a Decentralized Future. One listen at a time.

[Alex] Welcome, everyone, to the ACCEL podcast. Today we have a very special guest for you, businessman, entrepreneur Juicy aka Bhaves. Welcome to the show. 

[Juicy] Hey, thanks for having me. Thank you for coming on. Can you introduce yourself to the listeners? Tell us a little bit about yourself. Yeah, certainly. So my name is Bhaves, aka Juicy Germs in the chat. So I've got kind of like a wide array of background, started with SaaS software companies, have my own recruiting agency, work in various other real estate aspects. And then I was also a day trader for trading stocks. So I think it was just a good conversion to bring the crypto side into that portfolio. 

[Scott] Okay. Everyone kind of finds their own way into crypto. It's always exciting to hear about the different people and how they kind of found their way in. Here what really drew you in from that background into the crypto sphere. 

[Juicy] So when you're looking at investments, it's really about diversifying in different markets. Like I said, real estate stocks, crypto is growing, and at a very large rate, it's almost as like a doubling effect since 2012. And I kind of just wanted to grab a piece of the crypto side for my portfolio. 

[Scott] So it was really just kind of diversifying that portfolio, kind of reaching out into some different areas. 

[Juicy] Yeah. I have an investment philosophy of kind of building pillars. That way if one goes down, you're able to still rely on other areas for your money to continue to grow. As we know we have higher inflation than historically present. And I think crypto is a really good asset to just bring in to help kind of minimize the risk in overall portfolio decay. 

[Scott] So let me ask you something with that. Does it kind of attract you being something that's a little bit newer as it's a new market compared to some of the other things you've gotten involved in? Is that something that kind of peaks a little bit of interest? 

[Juicy] Yes, definitely. The hype behind it helps a lot. And then also just with the overall growth of it, I mean, you look at the numbers of decentralized finance itself. In April of 2020, we were sitting around about 3 billion in market cap. And then just a year later, it grew almost 30 times to 103,000,000,000 in market cap. So as soon as you start reaching these billion dollars in total dollars in that market or space, it's something that really is hard to kind of just shut off. And so that's when I kind of piqued more interest into it because it's something that's not really a fad. 

[Scott] Yeah, that was definitely something how it kind of went for me. It was like one of those things. It's almost undeniable once it keeps going for a while. Like at first you see it. Okay. Back a couple of years, 2014. Okay. Yeah, maybe 2016, Rosalien. And now we're really getting into the time where it's like it's either time to shut up and get on board or to get completely out. I feel like it's one of those times where a lot of people are taking advantage of the market and trying to find a way in. And I think it's advantageous to think that you can't take a look at where we've come from in crypto to kind of give you an idea of where we're going. Is that kind of how you feel? Juicy? 

[Juicy] Yeah. When you look at just like the overall trend from 2012, I mean, it's completely changed and flipped upside down to where instead of just having like a negative connotation behind cryptocurrencies, you're having large financial institutions, Fortune 500 companies getting involved in crypto, small countries are getting involved in crypto as well. So it's not something that really can be taken lightly for anymore or as a joke, it's a real serious player in today's world. 

[Eric] So juicy. With all that being said, as you give us a little bit of your background and you said you'd entered into crypto coming from the day trading space, and we've heard a lot about that where guys are coming home, gals are coming home trading on their Schwab account or their ETrade account. Now you've moved into that crypto space. How has that traditional background of day trading transitioned you into crypto? 

[Juicy] So the trading side of the stock market, there are similarities. As far as technical analysis goes, when you bring it over to cryptocurrencies, one of the biggest learning curve that I had to kind of deal with was crypto is very, very volatile versus the traditional stock market, having certain levels in which you can see kind of pauses and momentum kind of shift. Whereas crypto especially DeFi when the train runs, it runs, but when it's out of gas, it's a complete stop. 

[Eric] So then, alright, so with that being said, is crypto something that becomes more of an emotional trading thing? Because as we always hear, everybody always says, you got to remove your emotions from trading. You have to trade upon the numbers, predicated upon the financials or is crypto one of those things that the traditional trading mentality does or does not apply? 

[Juicy] It somewhat applies with technical analysis. You can find your support, resistance zones, breakouts as well. Fibonacci is one of the trading tools that I use for trading the stock market, and it does relate to the crypto side. But overall, it's more psychological on the crypto side, even though it is on the stock market side as well. On the crypto side, it's a lot more about seeing green and red for when people exit and enter. So with that being said, for the new Gal or the new guy coming into the crypto space, is it something that you've really got to go with the old traditional standpoints or not even the old traditional standpoints, but the mentality of buy and hold, you really can't get caught up in the excitement of the up and down cycles, where, as the old school mentality told me by my mom and dad, you're not going to make a quick buck overnight. It cannot mentality still be brought to crypto and still be successful and still invest for the long term, which is what people really kind of as we've always heard, you're not getting into a marketplace for the today, you're getting into it for the future. It's about your retirement and so on and so forth. Yeah. So what I do is I actually take the stock market principles of investing in companies and then tie it to basically my startup background in SAS software or Fintech. And essentially I'm looking for projects that have longevity because it is an ever growing space to where if you get in the right project and they're around three, four, five, 10 years from now, you're going to make quite a bit of money. Just like when startups come out like Airbnb DoorDash. Those guys didn't get a 300, $400 million valuation just from day one. I mean, they literally grinded it out at the very beginning. And then they slowly grew, slowly grew. Then incubator funds came in, invested in them, and now they're publicly traded. So I try to use more of take the products, the services, the IP that these projects are providing in DeFi, and then tie it with the chart itself, using one of the tools out there and try to figure out, hey, is this product something that can be around five years from now, ten years from now, is what they're building, something that is actually going to be viable for the DeFi blockchain space in the future? 

[Alex] We discussed a little bit about business and other investments. Can we talk about how you got involved with ACCEL? 

[Juicy] Yeah. So my initial investment with ACCEL was actually as a part of one of the presale tokens. The presale token provided a lot of value in the DeFi space. And I could kind of put on paper, like how they were going to generate revenue and how they can get to scale. So when the merger of ACCEL happened, it actually made it a lot better on my projections that I had of what the revenues could be at. And so I kind of just saw it as a steal, as an investment goes.

[Scott] So as we kind of talk about that juicy working into the different kind of streams of rewards that we kind of can see is that kind of what really enticed you once that merger happen and you really got to dive deep into the ACCEL I know you have a little bit of a relationship with Chris that's been going on for a while and we all love Chris. We got a nice little talk with him on one of our first podcasts. And man, he's a smart guy. 

[Juicy] Yeah, he's brilliant. And he was actually the person to kind of push me towards ACCEL. And at first I was a little skeptical just coming from the more traditional stock background and real estate side. But then once I started to get the information, or once ACCEL released the information of how the revenues were going to work, where the revenue was coming from, how the rewards are going to be split amongst the community, and then you have the staking pool. I mean, those were things that kind of just showed me that, hey, we can really make some real money in deep eye without having to one risk quite a bit, but also still have that large unicorn type potential that you see from the startup companies in fintech that eventually go IPO. 

[Scott] Okay, so I guess kind of tying that in. So I know we kind of talked a little bit earlier, touched on it, at least about market cycles. Is this something that is more appealing to have these multiple revenue streams? Do you think with the different market cycles that you have to worry about with things cycle in and out? 

[Juicy] Yes. So it actually helps because we all know that there are going to be cycles in the market, especially at the macro level. But when you have true fundamental numbers that you can base calculations on, such as revenues and you can tie that into growth, I mean, even price coming down, it just allows me to have a good intrinsic value on buying at a cheaper price. One of the things I look for with long term hold, especially in the stock side, is like how much is it trading apart from its book value, its competitors using also PE ratio as well. If I see the revenues of ACCEL hypothetically in a 15 20 million range, but their market cap is only around 50 to 100 million. Well, for a tech company, a tech product based company, to be trading at only a four, five or ten multiple, it's kind of outrageous in valuation for me. So even these cycles that come in on the macro side, it's not really changing the thought process of what I see in an individual company or project because the revenues will speak for itself at the end of the day. 

[Eric] So juicy. As we all know, we always hear the terms of bullish and bearish cycles. Pretty safe to say we're in a bearish cycle right now. I mean, there's no two ways to call to say we look at all the large market cap currencies that are 50% to 60% down. So my belief and you can steer me in the right direction, having a greater knowledge of this knowing that we have a revenue generating coin in ACCEL, how are we going to get through this downturn of the market cycle and feel safe about being invested in ACCEL? 

[Juicy] So when you look at the stock market, what usually happens during a bear cycle? Money moves to more fundamental stable areas. And if the holders of ACCEL are seeing these rewards come in due to the revenues being shared, then it would naturally gravitate holders of other cryptocurrency where they're seeing 30, 40, 50% drops that don't have the rewards come in shift towards the more stable side of DFI because if I'm able to receive back a 25 30% return ROI on just the reward side itself in a bearish market, just imagine what that would be in a bullish market. 

[Eric] So safe to say right now. Again, this podcast is not to give financial advice, but safe to say, to be within ACCEL right now doesn't particularly make you insulated, but knowing that eventually with every down market there is an up market, ACCEL would probably be a good place to be. 

[Juicy] Yeah, I do think ACCEL would be a good place to be, especially with the way that the rewards and staking pool set up. It's really there to benefit the holders itself. Ethereum Bitcoin they can do what they do in the chart, but if I'm seeing returns back, why wouldn't I stick around? Is the question I ask myself.

[Juicy] So juicy then tying back into what we came into this discussion about emotions, how are we able to remove our emotions or control our emotions during these bearish and bullish markets where people always say windfalls of money or windfalls of returns are made sometimes in the worst times, right? The most millionaires came out of the Great Depression. How can we then translate and tie that into this down market within ACCEL of crypto in today's space 

[Juicy] With the down markets, really what they do is they create buying opportunities and the emotional side, everyone looks at it as more of where is my money right now? Whereas they're not looking like a lot of the larger institutional investors are looking and they're looking where is this going to be valued in twelve months? Where is it going to be valued in a year? Where is it going to be valued in two years? We're always going to have ups and downs because people are taking profits. It happens if nobody took profits, everything would be worth ten times what it's at right now. But overall that's human psychology. You want to take profits, you want to grow your money, but they keep looking at what it is right now versus what can it be when it's actually in full fruition. And the way that you kind of do that is instead of investing for the quick hype, the quick pump it's where can I invest to where? Five years from now, ten years from now, it's changed my life, not where it is right now because right now the money sits there and if you're looking for it to grow 30, 40 X, you can do that, but you're probably going to lose more than you win versus the more fundamental side. Buy and hold wealth is created. It just takes time. And so, like for me with ACCEL, the price really doesn't matter. In my opinion, it's more of where are we going? And at that point, the market itself will catch eyes and dictate what it's truly worth. 

[Scott] So I think one of the biggest things people have a hard time with juicy and I'd love to hear how you've kind of taught yourself to do this is how do you take a step back and look at the whole picture? What gives you that ability, that mindset to be able to take a step back, take a deep breath and look at the whole picture. 

[Juicy] So it really just comes from experience. Back in College, I had my own little sports advisory where we would essentially just give out games to some not going to name anybody, but we would give out games, they would vet them, but it was all based on money management. At the end of the day, if you don't know how to manage your money, It's probably not going to work out the best. So I use those lessons basically from back then and applied it to the market side as a whole. It's really hard to take emotion out of it, right, because you see your money's green one day and then the next thing you know, you open your portfolio and it's down 10%. Usually that leads to that fear that it's going to zero, but in reality, I mean, nothing really goes to zero unless it truly just files for bankruptcy. And that's really the best way I can put it. I'm kind of blessed I was able to live through 20. 07 20. 08 20. 09 and my family went through very hardship with their businesses and that kind of helped me learn more and more that, hey, even though things have gone bad, There are better days ahead because once you bought them out, there's really nowhere else to go but up. 

[Eric] So juicy, everything you've given us today Dynamite information, and as everything ties back into it comes down to education and you've kind of walked us through your journey of how you've gotten to these trading cycles, working through emotion and for all of our listeners out there, you can get all of that insight at the ACCEL University on our YouTube channel, everyone.

[Alex] Everyone, thanks for listening to the ACCEL podcast. Please check our show notes for our link tree and as always sit back and ACCEL.

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NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On today’s episode of the Accel Defi Podcast, we interview a member of the Accel Defi Team, Keith (known in the community as Wolfgang Regem), as we discuss Keith’s cryptocurrency journey, involvement with Accel Defi, and how he overcame his fears of investing in crypto.

For more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi

For educational resources related to Accel Defi and Crypto in general, subscribe to Accel Defi University on YouTube: 

https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg  

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[Scott] On today's episode of the ACCEL Podcast, we interview a member of the ACCEL team, Keith, as we discuss Keith's cryptocurrency journey, involvement with ACCEL and how he overcame the fears of investing in crypto. As always, my name is Scott and Hi, I'm Eric. I'm Alex. You're listening to the ACCEL Podcast,  Accelerating Your Crypto Investments, one podcast at a time.

[Alex] Welcome, everyone. Today we have a really special guest for you, one of my favorite team members. Everyone, please welcome Keith, aka Wolfgang. 

[Keith] Hi, Alex. Thank you for having me. 

[Alex] Thank you for coming on. Can you introduce yourself to listeners? Tell us a little bit about yourself. Tell us about your biggest accomplishments in your career thus far. 

[Keith] Well, let's see. Probably 60 years old, which basically means we've made it through life pretty well and have been working in crypto since 2017. Been involved with this project since the start. I'm an avid researcher. I'm an avid writer. I'm a film buff… golfer. Those are some of the fun things. And as far as accomplishments go, right now, I only deal in the present, and it's the fact that I've even gotten active in crypto at my age. 

[Alex] Tell us a little bit of how you got involved with cryptocurrency. 

[Keith] 2010, one of my friends called up and said there was this coin and started talking about digital currency called Bitcoin. And I ignored the heck out of them. And then in 2017, after things started picking up a little bit, it was actually Christmas of 2016. I bought into three or four different cryptos and then did the smartest thing I'd ever thought about, which was forgot them. Fast forward 2000 and $2400 turned into a little over $50,000. And I thought, wait a minute, I need to learn something here. 

[Alex] That's awesome. So we all start off very Rocky. What's one thing that you wish you would have known starting out in crypto?

[Keith] Don’t day trade. Very simply, that three year period, three, four year period that while it was out there, I didn't look at it. I didn't pay attention to it. It did its own thing. Then when I started trying to trade it, I almost gave everything I had made back. So DYOR, do your own research and don't day trade. 

[Scott] I think that's a big thing that you see nowadays in crypto is a lot of people try to come in and they think that first move should be to try to day trade. And a lot of people come in and like you said, they don't do their research, and it makes it hard on them because then you're kind of just closing your eyes and shooting at a target, and it makes it tough. Crypto is one of those spaces where just like anywhere else, when it's innovative and booming, you have to make sure that you're doing your research or you're going to be one of those guys that get left in the dirt. I think that's a big part of it and I think a lot of people miss that. They just want to hop in and not do their due diligence and think they're going to make a ton of money. So a question for you, Keith, is being in the space, being a little older, what kind of drew you towards ACCEL and what exactly do you do? I know you're kind of a Jack of all trades, working in a whole bunch of different departments for us.

[Keith] It's also awkward. Guys, if you want to refer to me as Wolfgang or Wolf or Wolfie because that's, hey, it's Crypto. Everybody has an alternate name and it's actually interesting with ACCEL. Just what I know about the project and the people involved in the project. I don't feel like I need to hide behind an alt name anymore. I'm kind of proud to be able to come out go, hey, look, this is who I am and who I work with and what we do. As far as getting involved with ACCEL, I was really lucky. A few of the team members were already involved with the project and I approached them because I didn't see them where we were before. Just said, hey, Where'd you guys go? You disappeared. And after a little bit of prying because they didn't want to recruit not just me, but anybody from other projects did a little bit of digging, a little bit of prying, saw what it was. And everybody that I liked and got along with was in this project. So I figured I'd jump in. 

[Eric] Wolf that’s dynamite, I'm glad to hear that you were in the project early on. One of the other things in the crypto space, we know there's a lot of common myths and misconceptions and they can all very easily be debunked for you. What do you think the biggest one was? 

[Keith] Well, two things actually. I mean, in crypto, what you don't know is going to cost you money. And I'm older and being a little bit on the older side, you're hesitant to learn new things, to step into new spaces. And when it involves your money, it really ups the pressure, it amps the pressure like 100 times because you're thinking, oh my God, I'm literally putting my money into outer space or the crypto space or whatever you want to call it. And then overcoming that was just not having a fear of the unknown. And actually I got thinking about stock certificates. Strangely enough, when I was talking to some of my friends, my peer group has a big just hesitancy to get involved. And I asked them about their stockholders. They said, well, that's not throwing your money out to nowhere like you are. We have stock certificates. I said, no, you actually hold them. Well, no, the broker does. Well, to me it's the same thing. They're out there somewhere. You just don't know where it is. 

[Alex] So touching on what you had just mentioned. How is ACCEL removing some of those barriers for your peer group? 

[Keith] Without a doubt, Alex, the educational process, that's part of what drew me to this project. Anybody that gets involved in crypto at the very beginning, if you don't do your homework and do your own research, you're going to end up getting rugged in something. And one of the things I admire about ACCEL is that this whole project is about taking away the mystery, so to speak, removing the illusion and actually educating people as to what they need to be doing and what they need to be learning. I remember when I first bought back in 2017 into crypto, the whole process was so confusing. I had to have a flow chart. And that's what I love about this is we literally have how to videos everywhere. So I'm loving the fact that ACCEL is removing those barriers. 

[Scott] So, Keith, I know we just got to talk about some of the positives of ACCEL DeFi University and how it just kind of creates that environment to allow you to grow as an individual. What are some of the other resources and advice you can kind of give to someone that are looking to join the ACCEL community to really help grow their knowledge and experiences in the space? 

[Keith] I love that you're the person asking that question. Moon, you're one of my resources and it's really been funny. At 60, you expect to be the elder mentor and you step back and you lecture all the young people on your life lessons. And here you have to kind of put those things aside because you guys are just light years ahead as far as the knowledge base goes. But what's really great is that you guys share this freely. I mean, all you have to do coming on here is asking for help. I mentioned the videos and things before, but the main resource for me has been the people. I mean, you look at Mad or Jovan, you read these guys their CVs and see what they've done and what they do. And you think, okay, I'm not going to ask questions because this is going to be like a foreign language and they're not like that. They simplify it. And I think that's been for me, it's been a great thing because I've been able to come in and just say, hey, I don't understand this part. Can you explain it to me? And they talk. So far, everybody I've interacted with in the community talks to you, not at you. And it's made things so much simpler as far as learning. And if there happens to be something that we haven't covered at the University, then everybody's always quick. They have a resource ready to go. Okay, we'll take a look at this area. Take a look in this area. And I'm cracking up now because you guys talk really fast and I'm trying to talk fast to keep up. 

[Eric] Wolf, that's all great stuff as you speak about the space and how you've connected to it. And I know as we speak specific about ACCEL. So now that you're on the inside and you have a position within the company and you kind of see the inner workings from your perspective, from your standpoint of all the products and all the utilities and everything that going on that happened in ACCEL to you. And you probably can't just give one specific. But what are the things that excite you most just knowing from your position, from where you stand in your vantage point, what ACCEL can do? 

[Keith] You know, Eric, it's funny, but my situation there is purely from a selfish aspect. And it's just getting a chance to work and learn with the people that I have a chance to interact with, not only on the team but in the community as well. I think when you get a little bit older, in my case, I was furloughed without pay. They hired somebody else. And this has given me a place to belong and to continue growing. Now the products, of course, my first thing is going to be the education, the University. I just think that is reaching out and giving something back. I'm excited about the UnRekt platform. I'm excited about launchpad. There's so many things. But to me, it all comes back to the education. That's something I hope to work with because I know what I'm experiencing with my friends and my peer group that I don't want to do that. I don't want to try this. I don't want to learn this. I'm afraid I'll lose my money. And it's kind of become a calling for me to say, wait a minute, there's no reason for you to miss out on this. There's no reason for you to step back and oh my God, I can't do this. You can do anything. You set your mind too, especially with the education. And yes, it takes me back to the University. 

[Alex] Hey, Keith, I just want to take a minute here and switch gears for you, ask you a couple of questions where it's not so much question and answer type interview. One of the things for me was earlier you covered that you had forgot that you had purchased cryptocurrency. You open up your wallet, you opened it up and you had $50,000 from your original investment. What was the first thought that went through your mind there? 

[Keith] My first thought was, okay, this is a mistake. Because what had happened is I had like a trillion of this token called ETH Lend. And all of a sudden I only had like 50 tokens of something called Ave. And I thought, well, they ripped me off. They took all my tokens. So that's where my research started. I had to go online and track back and find out what had happened, which was in stock terms it was reverse buyback. The company took them over and then did a reverse buyback. And in this, it was just they consolidated the tokens to get the value of. And I think I paid like two cent a token. And at that time they were trading at $400. 

[Scott] I think there's always that crazy kind of entry point. Everyone kind of comes in at a different time. There are coins like that. A lot of people that came in on SHIBA, it's such a different experience. But I think one thing that me and you have talked about this before is I really do think that 2022 is going to be the year of the utilities. And I think it's something that we're going to see make a move. But being someone that's been around a little bit longer, what do you kind of think? What was your outtake on? We'll go a bit in the past and then talk about the main coins. What was your kind of thought on that? Did you get involved in those? Was it something that you kind of wrote off? I know I was a big Meme coin hater for a long time. 

[Keith] I was lucky. I had actually stepped into a chance to moderate and become a part of YouTubers community. And he was very good at expressing, look, this doesn't have any application to it. This is just a picture. And people are buying this because it's a cute picture. And I was also lucky enough because I remember being exposed to DOGE way back when. Sounds so funny to say that about 2016, 2017 and remembering the guy that came out that said, hey, we invented this as a joke, but now that it's got something, let's get people to use this. And DOGE was a big education for me because everybody now if you go by what DOGE people talk about it's HODL. And the guy that was the co founder of DOGE in 2016 changed the number of coins from a specified number to unlimited because he hated the fact that people were HODLing this coin. He wanted them to use it and spend it. 

[Eric] So that's funny that you touch upon that and you use the examples of DOJ in these coins and what started out as Meme coins. So I always try to correlate not so much the age disparity of what goes on now in the crypto space because we know the guys that are on his podcast, they're the younger cats. And then we bring in a guy like you who's a seasoned veteran. For me, Could you explain to me, because I know my steps into the crypto were a little meandered at the beginning and I basically took a beating, unlike you, who went in on the leap of faith and then just didn't look at it and came back and was absolutely startled that 400 times could grow at that tremendous rate. To your peer group, what would be your way to explain to them, hey guys if you're not in this you are absolutely missing out on something that is going to be the future of the way currencies economics money is moved.

[Keith] Back to education. When we fear something we don't know or we don't understand it so we fear it. And educating yourself and finding out this is going to be interesting to try to draw a correlation here but people my age tend to feel safer with their money in a bank and they don't realize that the banks are now utilizing the same technology that we are but they just happen to have a physical location that everybody feels secure in. So when I talk with my friends about it it's hilarious to me because they think I've become some kind of genius. It's like no you do your research and you learn and the things that you have questions about or the easy way that I didn't have available to me at the time is to get involved with someone like us at ACCEL because you're actually getting that chance to come in and say, okay, hey I don't know squat, what do I need to do? I was seeing this morning one of the team members spent like 2 hours on a phone working with someone helping them go from I don't know any of this to setting up their wallet to Loading their wallet to purchasing it's just the support that's here but get the education that'll take away the fear. 

[Eric] So for all our listeners out there as you see and you hear what Wolf tells you speaking about ACCEL you can always go to our YouTube channel or you can follow along at any of our socials. 

[Alex] Wolf, Thank you so much for providing such great feedback. We appreciate your time everyone. Please feel free to check the show notes for our link tree and as always sit back and ACCEL.

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NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On today’s episode of the Accel Defi Podcast, Scott and Eric interview Accel Defi’s Director of Accel University, Chris A.k.a. "Drake", as they discuss CEX’s (or Centralized Exchanges), why they matter in the crypto space, and Accel Defi’s listing on its first CEX: Hotbit.io

For more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi

Subscribe to Accel Defi University on YouTube: https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg 

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Episode Transcript:

[Scott] On today's episode of the ACCEL Podcast, we are interviewing the director of ACCEL University, Chris. We discuss Sunshine, why they matter in the Crypto space, and ACCEL’s official listing on Hotbit. As always, my name is Scott, this is Eric, and you are listening to ACCEL Podcasts, Accelerating Your Crypto Investments, one podcast at a time.

[Scott] Today on the ACCEL Podcast, we have the director of ACCEL University, Chris. Chris, could you tell us a little bit about your background in the crypto space and your involvement in ACCEL? 

[Chris] Hey, how's it going? Thanks for having me on. Real excited to be here today. Yeah. So I'm leading the ACCEL University, which is our educational DAO that we are going to be building. As far as my background in crypto, I've always been an investor in crypto since way back when I had Ethereal in 2017 and things like that. But I never really kind of dove deep or took it seriously until closer to like 2020. And I would say that was when I became a little more active on the crypto scene and also in trading and investing in some more alternate coins or alternate tokens and things like that. Outside of crypto, I've been a full time investor and educator for a few years now, and so kind of developing educational resources and adding that value to the DeFi space has always seemed like something that I would be interested in and also a perfect fit for this project. As far as developing the educational side of ACCEL, I would say that is definitely my main priority here on the team. And for anyone who's not aware, basically what we're doing is building a DAO or decentralized autonomous organization that's going to be completely focused for ACCEL holders and we're going to be providing a ton of resources and tools that only ACCEL holders can access. And our goal here really is to kind of build the knowledge base that all of the ACCEL holders have and allow our community to not only grow but become more knowledgeable in the default space itself. 

[Scott] Yes, I know that's something that definitely excites me. I know there's a lot of people in the ACCEL community. I get really excited about the education side of things. I think it's something that a lot of people kind of have a little bit of a shortcoming on. And it's not in a bad way. It's just with all these mean coins that kind of took over the DeFi space in the last year or two, I think it just kind of caused the craze where people were just kind of throwing money at the wall and seeing what sticks. So I think it's really exciting to see the advancement of the education portion for DeFi as a whole. 

[Eric] So, Chris, that leads into my question for our listeners. So our listeners that need to be educated on it can you exactly tell us what ACCEL University and how do you think the ACCEL University is filling the space or the void that has been plaguing this crypto space? Because people just come into it and they really don't have a great grasp on it. So how does ACCEL University fill that void? [Chris] Well, really, the idea here is that we're being able to tackle investors and holders and traders of all types of backgrounds and welcome them to the project. And so in doing so, a lot of the resources that are being provided and developed for this DAO are going to be categorized towards beginner traders, towards more intermediate and also advanced people. Right. So really, ultimately, our goal here is to be able to have something that can provide resources and value to a crypto trader of any background. And ultimately, what that comes down to is we're also building a safe space where beginners people who are new to crypto can kind of come in, take advantage of these resources, and kind of get a jump start on their crypto experience or get a head start on that and kind of learn how to really be able to succeed in their crypto experience. 

[Scott] Yeah, I know something that's something that really excites a lot of different people in this space. Education is something like I said, that it's kind of far and in between to find someone to help, especially when you're talking on the DeFi side of crypto. It's just very hard to find that connection then. And even as you kind of bridge between DeFi and crypto to see some of these larger coins, I know one of the big focuses in the ACCEL community and kind of give you an opportunity to show off a little bit of what ACCEL University does is we're going to kind of touch on centralized exchanges, if that's okay with you, Chris. 

[Chris] Yeah, absolutely. 

[Scott] On the topic of education in the crypto space, could you help us listeners understand what exactly centralized exchange is and why most crypto investors use them? 

[Chris] Yeah, absolutely. I think that's definitely something we can talk a little bit about because there's definitely some confusion that I think would be worthwhile clearing up. So really central exchanges. Right. Usually abbreviated CEX, those are going to be the largest platforms that you can buy and sell crypto on. And ultimately, those are also the most accessible platforms for a lot of people. And so central exchange is a couple of examples. The biggest ones would be like Coinbase, for example, or Binance. I think an analogy that works well is basically a central exchange kind of operates like a large bank or a large crypto bank and provides people or users who are making accounts at these banks. Right. The ease of access, the ability to make transactions, additional features that something like a bank might offer. Right. So, like, for example, added security features on the ease of being able to trade crypto. Some of the things that we see on central exchanges are limit orders, for example, where you can submit in order to buy a crypto at a very specific price. And then ultimately you have those security features, you have those extra things that are kind of making your experience with crypto not only easier, but a little safer, a little more accessible. Right. And ultimately, I think some things to think about when it comes to central exchanges is just that whenever we talk to someone new to crypto, that is always their first point of reference is some type of central exchange. Right. If you talk to someone who doesn't know a lot about crypto, Coinbase is still going to be that household name that they might know about. Right. And then the largest cryptos that get listed on these central exchanges are also the ones that develop that same kind of popularity in the DeFi space. Right. So that's something that we see the largest audience or the largest user base for crypto dissipate in central exchanges and use these. 

[Eric] So, Chris, now that we've explained how it is to trade on the centralized exchanges, is it possible that we can get an explanation as to the natural progression when we go to defy or decentralized exchanges, how we can bounce back and forth between both? 

[Chris] Yeah, absolutely. So, I mean, there's something to consider in between the difference between a centralized exchange and a decentralized exchange. And ultimately that idea is that obviously your decentralized exchange doesn't afford you those same kind of luxuries that a central exchange does. And so, for example, a decentralized exchange, like Uniswap, which is the most popular one for trading Ethereum based tokens, is going to work very similarly to a central exchange. And if you have a token that's maybe listed on a central exchange, you can kind of hop back and forth between the two. And either way, regardless of which exchange you are interacting with, you're still going to be trading the same cryptocurrency or the same token. 

[Scott] Yeah. So I think that's something where sometimes people in the crypto space get a little bit confused. And I think there's a little bit of a misconception. And I think one of the big things is the amount of exchanges out there. I think a lot of people are a little misled because there's so many mainstream ones that people only really see those handful there at the top. So usually tend to not know about these other exchanges. We know ACCEL was listed this week on their first exchange, which was HotBit, which is a pretty high volume exchange. Could you explain what the importance and why this is a good milestone for ACCEL moving forward? 

[Chris] Yeah, absolutely. So HotBit is a pretty large central exchange, and it also serves a lot of overseas customers. Or we also see a lot of people from overseas using this specific exchange at the very base level. Ultimately, what we're seeing is that being listed on HotBit is going to give new people who want to get into the ACCEL project that ease of access. Right. We're going to be kind of widening our user base and be able to approach and appeal to a lot of these crypto investors who don't necessarily know about or deal with decentralized exchanges. Right. One of the other things to consider is that it's going to offer us increased volume across the board. Basically, the more exchanges that you can be listed on, the wider your audience gets. And so the more volume you're going to get, the more holders, the more traders, the more people we can reach out to. And for example, people who have a HotBit account but might not have ever heard of ACCEL. That's a person that we can now reach with our project, as opposed to originally or initially the entire pool or audience were people who were already familiar with how to use a decentralized exchange like Uniswap. One of the other things to consider when it comes to why this listing is important to the project is that any trades that happen for ACCEL on HotBit, they're not going to have any taxes. Right. Normally, when you look at a decentralized exchange, there are a lot of things you have to worry about, like taxes on transactions, the price impact from your buy order, things like gas fees that doesn't exist on a central exchange. Those are features that are unique to a decentralized exchange. So anybody who wants to kind of trade or buy ACCEL with a small amount of money now they can do this and they don't have to pay taxes on HotBit. There's no taxes for transfers either. There's no gas fees. And so really what we're doing is we're creating this new pool of users to kind of come in and learn about ACCEL. 

[Scott] Yeah. So I think that's definitely something that some people don't fully understand. But being able to get into these different demographics is definitely a huge thing that these exchanges allow. Because trading on Uniswap or on these different taxes, it gets expensive with the fees and the taxes. So it allows people to come in for a smaller amount, and it allows them to make that initial investment and maybe they could come in and see how it goes. And it also allows them the freedom to come out of the centralized exchange and move into the DEX. If I'm correct and still allow them to use the staking pool, is that correct? [Chirs] Yes, that's correct as well. And so you can take advantage of the features that ACCEL has, like the staking and rewards, but you can buy on the central exchange, and this is appealing to maybe larger traders or larger investors, people who want to make larger transactions as well, because now they can do this without those taxes, without those gas fees. And then really now you just transfer over to your take those ACCEL tokens out of your central exchange and place them into your own wallet, and you can stick those into the pool like any normal ACCEL tokens would be. 

[Scott] Okay. So that makes sense that it allows you to have that extra basically an extra pool in a way. So I guess my next question would be, so as we're growing onto these different exchanges, we know we're on Hotbit now. We're going to BKEX next week. How will that work when the bridge is intact? Will that kind of allow even more ability for that? Do you think that will limit it even more? So how do you think it will work with the exchanges? And once we have the bridge up to connect the different chains? 

[Chris] Yeah. So there's actually two factors to consider when you're thinking about this part. And the first would be the idea that by being listed on a central exchange, we are creating a separate pool, like a separate liquidity pool of ACCEL tokens. Right. And this is going to help bring a little stability to the price of ACCEL itself in general. Right. One of the analogies to consider when talking about this is almost like, again, a bank or let's say we talk about a normal company. A normal company doesn't have all of their assets in one bank account. Right. A normal company doesn't have their entire financial standing based off the number of one account. Right. It might be spread in different areas. And that's basically the way a pool or liquidity pool might work. And so it's going to be spread out in different areas. And so the more we create these pools specifically, like the one that is on HotBit now, which would be a separate pool. And then when we get our next central exchange listing, that would be another pool. All of these add stability to the price, which helps out the project on a much larger scale. But then what happens when there are differences or discrepancies in the price across these different pools? Well, traditionally, for any token that has multiple liquidity pools, generally speaking, the true price is going to be the average price across all these. And so there might be small differences, but the true price of a token is going to be the average price. But in this function or in this feature, there's actually a couple of things that you can kind of look at. And so the first is going to be that bridge that you mentioned, and that bridge is what is going to help keep the price level across all the different blockchains across all the different pools. Right. For example, right now we have our ACCEL token on the ETH side, and that ACCEL token on the ETH side has multiple liquidity pools. Then we have our ACCEL BNB pre sale. And that comes with its own price and its own pool as well. How does this kind of all play out in the bigger picture or the bigger scheme of things? Well, ultimately, the internal bridge is going to help bring that price average. Right. And it's also going to allow easier transactions or interacting across the blockchain. Right. So, for example, if we think about the bridge once it's finalized, what could happen is that somebody could buy ACCEL using BNB and then swap it transferred into the bridge and receive ACCEL on the ETH side, the ETH blockchain. And then in doing so, maybe at the end of that process, they can transfer that to a central exchange and now sell their ACCEL for no fee. Right. Or another example would be you can buy ACCEL on the ETH side in a central exchange, like take those points out of the central exchange. Maybe you transfer them to your own wallet or something. Then you use our internal bridge and you can transfer those over to the BNB blockchain. And eventually, when the staking pool is created on the BNB side, maybe now you can stake your ACCEL tokens on the BNB side. And so that bridge is ultimately what's going to be a function that facilitates the ease of use of ACCEL across all of these blockchains and across all of these different prices. The last thing to consider here is also that there are opportunistic traders, arbitrage traders who will trade ACCEL when there are discrepancies in the prices. And that could be advantageous to the project in a couple of ways. The first is going to be that, generally speaking, arbitrage trading doesn't hurt the price of ACCEL itself, but rather these volume traders are taking advantage of the differences in price between maybe one central exchange and another or one central exchange and one decentralized exchange. So one DEX. And what this is going to do is it's going to increase the volume of transactions that are taking place for ACCEL as a whole. Right. So we're getting increased volume across the board, and that would be beneficial to us in general. So really there's a lot of different things to consider when it comes to kind of the bridge and the different prices. But generally speaking, if you kind of just look back at all the different examples I just gave, all of these are positives for ACCEL as a whole. All these are benefits or opportunity for growth when you look at it from this perspective. 

[Eric] Chris, thanks so much. That gives tremendous clarity for our listeners to understand exactly how the opportunities are rising within ACCEL on both of the two blockchains that we're in right now between ETH and the BNB side. One other question I'd like to pose to you. Could you possibly explain to us the matchmaking services and how that applies to ACCEL? 

[Chris] Yeah. So ultimately speaking, there are a couple of different features in place that are going to kind of help balance out the price and these are automated features. So for example if we look at HotBit which is our first centralized exchange that we were listed on, there are features integrated into their platform to kind of help bring some stability to the price and also try to help bring that price closer in line to the deck's price or the price of ACCEL on a different exchange. So these functions or features are also going to kind of build volume across the board are also going to try and balance the price and they're also going to ultimately try to limit those discrepancies or lower them so that when people come and look at ACCEL as a project they see a very similar price across the different exchanges.

[Scott] That all sounds perfect Chris I know everything with the ACCEL University is super exciting. I know getting to hear a little bit about the exchanges and allowing our listeners to get a little bit more insight on what exactly goes on on these exchanges was definitely something that I think is definitely worth a listen and I think they're going to get a lot of good quality out of just this short 30 minutes. Thank you again, Chris. It was a super exciting episode to hear about the different centralized exchanges and how they're playing into the future of ACCEL and allowing our listeners to further their understanding of centralized exchanges and DEXs together. Anyone listening to the show today that wants to connect with Chris and ACCEL University, you can find him on YouTube, we have a channel on there and you can also come into our official Telegram. He's in there very often and also on our discord. Once again I want to thank you for the awesome interview Chris and we look forward to our next podcast. 

[Chris] Awesome. Thank you so much for having me.

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NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On today’s episode of the Accel Defi Podcast, Scott, Eric and Alex interview Accel Defi’s Marketing Lead, Andres Soto, as we discuss the importance of marketing in the crypto space, and what Andres’ background is. We also discuss why successful marketing in the crypto space is crucial to the long-term success and sustainability of any project and what you, the listener, can do to get the word out.

For more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi

Connect with Andres using the following links:

Twitter- @andythegreat100

Reddit- @andythegreat100

Instagram- @andressotofitness

NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.

On today’s episode of the Accel Defi Podcast, Scott, Alex, and Eric discuss the launch of Accel Defi on the Ethereum Blockchain, the Accel Defi BSC Presale Token, and the partnership between Accel Defi and the In Russ We Trust Group! 

NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor.

You understand that you are using any and all information from this podcast at your own risk.