Cogito AMA Live

Hi everybody, good morning, good afternoon, good evening, wherever you are around the world. Thank you for tuning in to our Kajito AMA. Kajito Protocol, of course, is our brand new concept, our tracer coin from the SingularityNet powerhouse of crypto, AI and general taking over the world with technology. I'm really proud to work with this incredible team here at Kajito. I am the COO of SingularityNet and I'm also the COO of Kajito and this has been one of the great Show more

experiences of 2023, watching how this project has grown an incredibly talented team, gone from strength to strength, released so many products and and Clarissa is going to tell us all about all of the achievements as well as getting ready for our TGE. So first off I'd like to introduce you to the super talent that is running Kajito, our team here with us today. Dr Ben Goetzel will be here shortly as well. He'll drop in and say hi but we're going to get going introducing the team. So I'll start with our CEO Clarissa. Clarissa and I worked together at HSBC. She was incredibly impressive there. You always wonder when someone comes out of corporate world into the fast-paced world of startup, how they're going to cope but she's taken everything in her stride and sets all new standards in drive and leadership, in sheer darn grit in getting the job done. So Clarissa, please would you introduce yourself, tell us about your background a little about your background and your skills and why you are super excited for Kajito. Thank you Janet for hosting. Hello Show more

everyone. This is Clarissa. I'm the CEO of Kajito Protocol. As Janet mentioned already I come from banking backgrounds. I used to work in HSBC for six years managing the corporate business and I have been equipped for quite a long time actually but I've only started to get really involved since DeFi took off. That was when I realized all these products are building on DeFi or the products that I'm familiar with in finance and they are built, they are exacted by code. So it's super fascinating and Janet brought me to Kajito Protocol, the whole idea of decentralized stablecoin that is not pegged to Fiat and having AI backed is a great invention by Dr Ben Gerso, the greatest mind of the internet of course and I am here to you know deliver the product to the industry and I'm super super proud that we have the best team in the entire space which you guys will meet one by one. So without further ado I will introduce Tony as our VP of engineering. Tony after you please. Hello everyone. I'm Tony. I lead the engineer effort here Show more

and you know really excited to kind of dive into the DeFi space. I've built a lot of crypto projects in the past. I worked maybe 15 years in engineering and building all sorts of applications, machine learning applications in different capacities. So definitely excited to be on the team and then kind of see where we build another zero to one product. Tony it's fantastic to have you here. Tell us a little about your background. What were you doing before joining Kajito? Yeah I was doing mainly machine learning applications at you know one of the big tech companies. I was doing a bit of hedge fund. I started hedge fund before you know and I used to work on some banking technologies and trading software as well. So a highly accomplished background and it's a it's a brilliant coup for us to have attracted you here to Kajito Protocol and Syncularity.net. How do you find the transition from big tech to dynamic rapidly scaling and growing startup? Yeah I think we did it a lot just in a short period of time. There's you know Show more

a lot of prototype already built just in like you know a couple weeks. So I'm definitely excited to see the fast pace. Yeah all right fantastic it's incredible to meet you. It's our first time meeting and I'm honored and proud to work with you on this amazing project. So welcome to Kajito Show more

Protocol and bringing your own highly accomplished technology and fans background to the project. As Clara said we're surely the most talented team in the DeFi space. So next I'd like to introduce you all to Nate. Nate is our lead financial analyst and AI engineer and has been with the project more or less since the beginning as well as having rekt with Syncularity.net for and Ben Gertzel for a number of years. Nate would you like to introduce yourself a little about your background and what you're most excited by? Sure sure thanks. My background is in quantitative Show more

finance and financial mathematics and I've been working on e-commerce big e-commerce company before I learned about a new project of Syncularity.net where I also helped with the financial model and with some other stuff that was to do with Syncularity.net right at the time when it was launched. So I've been in crypto space since roughly 2017. My passion is in general DeFi. Decentralized finance is like a new type of finance that is basically owned and done for the people and this is quite exciting. It's not owned by it's not basically controlled by only a few points in the world which traditional finance if you want to go like really deep in it is and this is why new products there are very important to make it go. We are making tracer coin right now so tracer coins there will be a new type of coins which will be stable but in a sense that they're not backed to anything existing and which means that DeFi will first have will finally have its own stablecoin at the beginning it was just Bitcoin but Bitcoin actually failed as that because it was too volatile and now we are like fixing this will be differently than other projects did because other projects just back to either fiat or commodities and similar stuff so it's quite an innovative way and very exciting to see it play out. It has quite a lot of advantages besides like being having like a small and predictable appreciation also uncorrelatedness with the general markets and similar stuff and this is what we're working on. I'm mostly concerned with risk management behind it and how to employ the assets and stability and similar stuff to this so that's shortly back. Thanks so much Nate Show more

and congratulations for all of the in-depth stress testing and financial models that you've been building you've given us a very very solid financial risk management foundation from which to launch the project and particularly risk management of course is very close to my heart I've come from a risk background in banking working in both credit risk and regulatory risk so we have really some of the best minds here developing the most advanced tools using the most advanced technologies. So last but not least for this round of introductions I'm extremely honored it's our first time in the call together as well. Clarice has been building her team fast over the last few weeks. PIN welcome to Kajito protocol welcome to the SingularityNet ecosystem it's a joy and a pleasure to have you here please tell us a little bit about you your background what you uniquely bring to the Kajito project and what you're most excited by the opportunities coming up. Sure sure so hi hey good morning good afternoon good evening everyone so PIN here I'm the CMO Show more

of Kajito I think it's my this has been my honor to to be introduced by so many talented people in the Kajito team and SingularityNet as well I think a little bit of my background I've been in marketing for the past 17 18 years only recently past three four years touched crypto went into the crypto industry so with Binance and looking at the exchange side BNB chain and then prior to that I was working with some some notable startups and we've heard of them like you know like Grab which has succeeded now being listed on on New York Stock Exchange so I think my whole life has has been really in excitement and really in the hyper growth stage really building around cycling around building startups and businesses from zero to one so I possibly and loved and addicted to kind of growth the hype and the excitement and ultimately I think the satisfaction of growing together hand in hand with I mean pioneer team members I think to create successful businesses so I think that is that is that is a little bit about my history so I think I think for me I've seen a lot happen in the crypto recently I mean I mean the crashing of stable coin USD meadow so what in terms of the confidence being hit so so that's why I think one thing that really that really hit me was that that had to be something to be done so the development of the solution that Kojito have like stable coin as a service I think it's really exciting I think combine combining like AI with crypto technology crypto it is like a dream come true where where I think where it is only I think two three years back you could possibly only think about AI Show more

but but can't can't see the connection between AI and crypto but now Kojito is possibly bringing that and similarity net is also assisting in bringing all these things becoming a reality so I think my goal here and challenge is to ultimately achieve a mass adoption which which for me over the past years in my career I've I've been hit with a number of challenges especially when I go into new businesses the challenge would be always how to change consumers mindset how to achieve a mass adoption of new businesses where people don't don't even know about your brand where you are starting from zero so I think those are those are my goals and achievements that that I hope to achieve in Kojito yeah well we're we're very very lucky to have you here with your Show more

incredible experience from startups to major players like finance your scaling experience and it's absolutely spot on what you're saying about about reaching mass critical adoption pin and it's it's it's a real pleasure to have you here thanks for joining and we also have our chief scientist our CEO of SyncularityNet and chief scientist of Kojito protocol Ben Gertzel Dr. Ben Gertzel good morning Ben I'm sure nobody watching this AMA needs you to introduce yourself yet I'm going to ask you anyway to just briefly introduce yourself and tell us a little bit about your inspiration for Kojito protocol and what you're most excited by. Sure thanks thanks a lot Janet and I have over this a few times before so I'll keep it brief Show more

and leave some time to address questions popping up from the community but I mean I I've been interested in decentralized implementation software system since the late 90s when the internet came out it was clear that putting strong encryption and distributed processing together was was the right thing to do to make to make deployments of all sorts of software processes that that you know not only control by any one party but we're like the internet itself owned and controlled in a in a collective way I didn't foresee that decentralized money would be where things would start with the the sort of marriage of strong encryption and distributed processing if I if I'd seen that I would have been a satoshi you know I'd be much wealthier now right but but but of course in in hindsight it makes a lot of sense among other things blockchain is an amazing amazing underpinning for digital money what I've found interesting is blockchain has developed is while there's a bunch of cool applications running in the blockchain now doing a variety of different things and we have some in singularity net ecosystem for decentralized ai for you know decentralizing handling of of private medical data for aspects of d5 for sharing processing power the actual use of blockchain for digital money the use the use of blockchain for digital money has actually not advanced as well as as one would have thought and I mean of course there's bitcoin which is very interesting as an investment instrument and and it's been for much of its life somewhat uncorrelated with other major financial instruments and so forth and it's amazing the way bitcoin has has grown but I mean in the end there's a lot of issues with with bitcoin as as a practical financial instrument right so I mean it's extremely volatile and transaction cost is transaction cost is is high right so I mean what what it means is in many ways bitcoin is still a lot worse than using US dollar or even using phone minutes or something as they do in some in some countries right and so then someone will not stop calling this how how how do you how do you solve these problems well that the issue of costly transactions is is is one point right and we're working on that in similar to the ecosystem with with hypercycle ledgerless blockchain that brings high high throughput low low low cost transactions so that's a sort of blockchain plumbing issue which we as well as as well as others are are are working on but the issue of volatility is different right that's not immediately an issue of software design that that's an issue of you know the software design and functional engineering meets meets market dynamics and so the solution the blockchain space is found to that problem is hey let's pin crypto to Fiat right and so you get stablecoins you get USDT USDC you get Jed and Karnano a whole bunch of stablecoins so that's not a bad thing I mean I I use them too obviously they have they have their their their function and they do come up with something that's to greater or lesser degree decentralized depending on the particular stablecoin that that that you're that you that you're you're talking about but that you know is as stable roughly speaking as as Fiat currencies I mean we've seen begging USDC not long ago they're not totally stable there's certainly not volatile in the way that a bitcoin or ethereum or agix has been right but the problem here of course is you know if the goal is to make something that's fundamentally decentralized and not under the control of governments and corporations pinning your decentralized currency to Fiat I mean what you're doing you're basically making a quasi decentralized CBDC right I mean it's it's not really in the spirit of doing something new that's fundamentally decentralized and under democratic participatory control so then what you should do you should pair your your your new super efficient low-cost high-bend with blockchain plumbing like we're building in hypercycle and working on I mean you Show more

should you should pair that with something that achieves relative stability all on its own without without having to pin to it to a fiat currency and I mean the need for this is very clear now given recent happenings in the global economy right like many countries are moving away from the US as a Show more

US dollar as a default sort of global reserve and exchange currency and even looking at RMB as an alternative but I mean RMB is totally manipulated by by Chinese government now US dollar you know it's been recently artificially inflated by by US government so the I mean the notion that fees define stability is a bit it's a bit weird to me that people think that way right so the brainstorm behind Kajido was you don't need to pin to fiat you can pin you can pin an algorithmic stablecoin to something else that's more stable than fiat right so Kajido G coin the first example Show more

of that you're taking indices that measure progress on on fixing the the environment right and there's a bunch of engine the other objective ish third parties that that are are outputting numbers measuring progress and cleaning up the environment take a transparent openly defined weighted average of those and you know pin your algorithmic stablecoin to that and you know you can then get something in a way that's more stable than fiat in the sense that if you look at how much G coin it takes to buy like a standard collection of goods that a person might need it may be that that will come out less volatile than the amount of US dollar or RMB or euro it takes to buy that standard basket of goods but then of course the green index or basically the G coin on is one good example but you can you can pin an algorithmic stablecoin to anything else you can pin it to a measure of technological progress toward a singularity which may be harder to pin to exactly because it's exponentially increasing but has other properties right it should be exponentially increasing in in in terms of the value relative to a standard standard basket of goods you can provide what we're calling as as a service so we decided the term stable too often interpreted to mean pinned to fiat instead of just the term tracer coin to mean an algorithmic token that that traces a certain index so you can you can launch tracer coin according to any objectively defined index so you can measure over time and different parties might have a reason to define different stable tracer coins and so that that's what we call a tracer coin as a as a as a service which is what one direction we're going to go in so I really I think there's a huge potential here I mean this was definitely a case of starting a company in a project to solve a problem that Show more

we concretely had right because I mean we have an AI marketplace on SingularityNet we're offering AI services for people to use for money and we have a conglom look some people they for the needs of their own business they don't want something as volatile as agix is for all all all all of all of their payments right and and they on the other hand they don't want to recourse to fiat either because that's not when they got into the the crypto world so within SingularityNet ourselves we wanted something to complement agix so we will be more stable in the whole spirit of the of the crypto ecosystem and pretty much every other crypto project that's actually offering real services for for payment to customers has different versions of that of that same issue so yeah I mean Johnny you asked what's most exciting to me about all this I mean the ideas the concepts are are exciting but what's most exciting is that we're actually doing it right I mean we're we've built a whole bunch of the GCO and infrastructure we're actually on a very clear path to the thing now and I think we can gradually build adoption within the crypto world but then this can be something that brings crypto to the broader market by giving you know a fundamentally better way of storing value and and and paying for services than the what we've we've had before so I think this can can become the default way to pay for stuff within crypto but it can also be perhaps the first time that crypto really solves the problem how to save your funds and how to pay for stuff in the broader world outside the narrowly construed crypto ecosystem I mean Facebook DM which some people would recall wanted to solve that problem there were some smart things behind it but in the end centrally controlled by a company even if with some levels of indirection and really tied to one superpower country where Facebook is hosted these weren't what the world wants for a decentralized crypto payment and value storage solution I think Kajido does does meet a whole lot of broad-based needs in the in the real world as well as within crypto and it's amazing to really be rolling this out now it is amazing thank you and and it is great the way we've built so much of the infrastructure for it and and Clarissa maybe talk us through what's been built and where we're going what our future milestones are but thank you Ben let's go let's go to the questions from our community thank you everyone who took your time to to submit questions before I head into answering the questions I would just like to say we've got some questions in about the KYC and launch processes for the TGE next week and what I would ask you to do for those please is take those to the Kajido Telegram channel because the admins there they're answering them over and over and they'll be more than capable of answering your questions in a very timely manner so moving on to to more specific Show more

questions we have a question from somebody called either Maddie or Maydie apologies if I've mispronounced that but Maydie I'm going to start with going to go with asks you're using centralized data to stabilize G-coin and maybe future Tracer coins how does that work and how do you mitigate the risks so that's a question for Nate or Clarissa or both to come in on sure okay I'll get on it like first of all the way Kajido protocol works is of course Show more

creating their own currency basically which is if you're in crypto and in DeFi you cannot really I mean you you're not regulated by some kind of central banks so the way how we get in trust is by making our code open source and everything as public as possible so people can actually see what we're doing and we are basically regulated by users or by the people so we will have a maximum transparency with the index as well regarding the index like yes we are like collecting data for mostly centralized sources which is how it is like the reason is that it's really hard to find like trustable decentralized source that would like just people randomly adding the data how do you know that this is not manipulated or spammed or whatever so we're trying to get like the most trustworthy sources now trustworthy is yeah it's of course something that we can argue what this means but we're looking at the biggest organizations and maybe also like of all of different countries what they're posing like World Bank is one example OECD and so on but for example also measuring stations that are measuring all of the air and temperatures around the world they're from different countries so of course one country might lie but we are expecting not all of them will lie with the data that they are providing now on top of Show more

that we are looking at around 40 different indicators so all of those 40 indicators are coming from different sources and there is an expectation that not every source or at least like there might be few sources that even though they are like very reputable they might still lie but we expect that not all of them would lie because this would be a very strange situation and of course then we are just aggregating this data everybody will see the exact way how do we calculate the index and everybody can actually get the latest data from all of those sources as well since this data is public which means that this is quite the in line with the transparency that we are as you know DeFi project bringing like everybody has like a nice overview of what we're doing everybody can comment and even criticize if they think that there's a better way to measure the progress now also the product we're measuring it's not really made up it's the progress that humanity is actually working towards the climate change this is for the G-coin that is coming up and it's like our most immediate product so all this is of course explained as like okay there are actual progress that is happening measurable as good as we can by the resources that are available in Show more

real time and from everywhere so we also show that this is not really something that you're just like making up some numbers like these are actually numbers that are adding to the climate change and of course if you want to help fight against climate change you're of course incentivized to do so by holding G-coin as well or at least like vote for the right officials that are making the big rules and similar stuff so all this stuff is roughly this is how it works and of course once we calculate everything we also put the calculations on chain and everybody can reverse engineer those calculations as well so this is the part that we're talking about the transparency so cool that's understandable yeah I think that explains it very very well thank you Nate Show more

Clarice did you have anything to add to Nate's extremely clear explanation I would say that was very clear I don't think I have any more information to add yeah perfect he covered it exactly the right level of explanation for our pretty technical audience that we often have Show more

at SingularityNet so thank you Ben this is a question I'm going to ask you as the master in mind and visionary leader of the whole SingularityNet ecosystem so a question Nate not our Nate another Nate asks why was Kajito not launched under Singularity Dow to bring more value to that Dow why did we decide to have two separate spin-offs for the Tracercoin and for Singularity Dow I mean that's a that's a judgment call I would say but I think the two projects of somewhat different audiences and properties so I mean Singularity Dow aiming to bring AI to DeFi in various ways and in particular the original mandate was bringing bringing AI to DeFi regarding sort of mid liquidity altcoins I mean we're still on the roadmap roadmap to get there but we have the infrastructure of Dynasets there and we're using some AI along with the human traders guidance to train the trade the Dynasets so that that we really viewed as bringing AI to decentralized finance and in particular rather than lower liquidity else with Kajito the thinking was not so much something just to serve the DeFi world which is quite big world in itself obviously but it was to make something that would be useful as a value store and payment mechanism you know globally including maybe being adopted by developing countries as as the main mechanism of payment in their countries because there's a lot of countries where their own currency is wildly volatile but they would rather not have to use the currency of some other country as their default but that market wasn't necessarily DeFi oriented and so it seemed like there's separate constituency that you're addressing but anyway rightly wrongly that was the reasoning. I think it makes great sense to me. They're very different use cases and of course we'll be complementary partners as part of our ecosystem working together as we go forwards so next question I'm going to ask is from crypto high crypto crypto asked about the Dow timeline for Kajito how long will it take for people to actually vote on decisions like treasury diversification and token burning what are the Dow plans and timeline. Clarice I'll hand over to you to answer this one and I guess you can also Show more

run us through again what the what the cgv token is what its benefits are and alongside the timeline. For sure thank you Janet and thank you crypto for the question so first of all I mean by asking that question I assume everyone knows that we are going to be a fully Dow governed project Show more

basically our token holders will be able to decide on most of the strategic decisions for example like our index management our treasury management strategy and our for example means and burn parameters and another very important feature that most people are interested is our you know buyback and burn mechanism which means going forward with the other Dow will fold to use some of the revenue from the project to buy back the tokens from the market and burn it to reduce the circulation supply so these are all the very important decisions that the project needs to make along the roadmap and all these decisions will be made collectively by the Dow so in terms of when we will be enabling this according to we have outlined our roadmap so the currently we will so we will be launching our cgv on 2nd of June and then in about six months in the first quarter of next year which I hope should be can happen earlier considering that we have been like developing our head of our roadmap for the past six months perhaps every time when I say we are going to Show more

deliver something in the next quarter we actually delivered beforehand so the track record has been there so we expect to have a cgv staking in about six months and from that moment onwards we will be gradually transitioning to a transition to a Dow governance in terms of making all the decisions that I mentioned just now so to answer the question like when will the Dow government start to kick into to govern all the decisions it will start as long as our staking go effective and that will be updated to the community as we develop yes okay thank you very much indeed I just want to say Show more

a bit of a shout out to all the people who are having great live chat on on the youtube channel thank you all it's brilliant to have you here it's great to have you here Minastrone wishing us all the the success in the world among the only people in AI with a firm group on conscience and morals I want to say thank you Minastrone for that and I want to say thank you to mastery Medina Rose Ralph ups for your questions and and for your comments here let's say greetings from Poland hi piota nice to meet you mastery we all love this guy Ben it's great to see him here and yeah uh Polona thank you very much for thanking us for taking the time to do this AMA that's that's super good of you to to acknowledge right so let me come back Show more

to we have a couple more questions that have come in now and I'm going to go to this question came in without a name but thank you whoever you are for submitting it it says what does the COTY partnership mean in the normal terms they're also offering stablecoin called JED and will we have to choose between a tracer coin and their stablecoin oh I love this question let me take this one why do we need to choose if we can have both right simple answer is that like the industry is big enough to have more than two or even three stablecoins in the world better if we have more than that and just dominate the entire world with stablecoins right so hope that answers the second question like do we need to choose no we don't and what is the what does the partnership in normal terms so we have formed this partnership to promote future adoption of our tracer coins and also uh usage the AI technology of SyncinarityNet so these are the two main use case I would say on the broader term for example like we will be both of us will be needing to manage our treasury and then stabilize our our tracer our stablecoins and then this can all can all be assisted by the AI models so we we expect to use this technology together yes so this is on the AI side and on the like adoption side so as you as you guys know like in crypto right so they when we want to facilitate trading or other activities so we want to have a different trading pairs so by including each other in to in our treasury but facilitating trading pairs between the stablecoins it will help us to improve the stability of our tokens as well so that's another uh like the level of collaboration that we can have so this basically is what we are trying to achieve uh through this from this partnership fantastic thank you and it's a it's a brilliant partnership to have Show more

closed in in our early days and shows the strength of the proposition which we are leading out here at Kajito now I have a question from Ralph Apps thank you so much for your question and your comments I'm not 100 sure I'm interpreting it correctly myself the native been debating in the chat how to make sure we're answering your question right so if we're getting if we're interpreting your question wrong just you know just chat us and we'll be watching your chat as we go Ralph Apps so Ralph asks AI is so good at numbers that will we have to find another way of trending the markets and I think what he possibly means is with AI getting so good at predicting and and being able to do automated trading will humans need to find a different way of of trading the markets with AI or or against AI but Nate you you you're you're our master in this field at what are your thoughts both of the question and the answer yeah like AI is a new and evolving strategy that will Show more

definitely change how everything works and you know like there were other new technologies that came to the financial world before and each one of them changed basically how we do finance and how we trade so definitely I will have the effect on that now how exactly it will affect like yeah it will probably automate a big part but I'm imagining that at least until sometimes there will be a human behind it so then in the future when AGI happens I don't know like then everything becomes so unpredictable that it's hard to to make like any predictions of the future I guess Ben could like tell what happens when this this time hits but yeah like there will definitely be new methods as the AI gets smarter because as AI gets smarter it gets smarter at you know recognizing the patterns which means that there are new patterns evolving as somebody trades Show more

with the new patterns this means that somebody else is losing usually in finance well there are cases where everybody wins but it means that there will be also new methods of trading yeah that's for sure and they will likely at the beginning just complement the old ones and what happens later we'll see we'll see to what degree the AI algorithms will dominate the markets how powerful they will be okay thank you very much indeed and and please you brought AGI into it because of course yeah and I would I would I would add on that one if I may I mean that's that's an important question it's not that much of a cajido question right I mean I think in in large part in Show more

financial markets already quantitative finance algorithms including machine learning algorithms are more profitable than average retail traders and it's often said the function of retail traders in conventional finance is just to feed feed more profits to the the the folks running the sophisticated so that's we're already well on the path out there for quite some time in conventional finance in crypto it's been less so because there hasn't been the right kind of training data to feed algorithms but as as crypto market matures and AI get AI get smarter that will increasingly be true in in crypto as well for cajido on the other hand it's a straight out benefit right because our use for quantitative models and methods and our use for AI methods is on the back end to help achieve stabilization of the of the token around the the synthetic index and you know the smarter AI we can put behind that down the road I mean then the less cost there is in maintaining the stability and then the better cajido function so it's true for like retail traders who are looking to make a profit by outsmarting the market it will get harder and harder to outsmart the market human intuition as AIs get smarter and smarter and as a data situation the crypto market matures so that AIs have more to have more to go on right but but that's for cajido all the advance of AI means is you get cheaper and cheaper stabilization relative to the indices and I mean in the end you can do you can compute smarter and smarter indices also in more sophisticated ways than our initial ones right so for for this particular project it will just make it easier and easier and cheaper yeah absolutely and I would just add like in DeFi in general like as Ben said the AI is Show more

underutilized while traditional finance quantitative methods that are using AI have basically are doing most of the trading already like humans are still there but they have specific strategies and in the future AI can compete even with those remaining strategies that humans still have but in DeFi there's still a lot of space for AI to to grow and dominate and as Ben said it's all about profits AI will bring bigger profits than the human trading so yeah there's that's something that where we have like quite a nice advantage okay fantastic thank you very much indeed dense Show more

I've got a question from Medina Rose thank you so much for your question Medina again we need to make sure we're actually interpreting the question correctly but you ask can you apply the same principles to a secured decentralized voting system there is a need now we're just debating Show more

here which principles you're talking about but Clarice would you like to have a go at this one? so the question is like can we apply the same principle to the centralized well can you clarify that right more about the question yeah well well well maybe let's ask I think I think there's a there's a pretty clear answer Janet which is probably please go ahead I mean I think decentralized voting is really important to get right and Cajudo will need it because we want to have democratic governance in an increasingly sophisticated way as the ecosystem evolves but in the end I think I think the key to effective decentralized governance is probably an effective reputation system so you can I mean in the end you don't want everything to be one dollar one vote and you don't want everything to be one human one vote I mean you want you want to have a way of assessing the reputation based on the amount that a certain idea is contributed to a certain ecosystem and have voting and decision making based on that and I mean that's that's important Cajudo will collaborate with other singularity net ecosystem projects in in working out better and better methods for decentralized governance because Cajudo will definitely need that if it's going to be the the world's currency framework but that I mean the algorithmic process of sort of pinning a token to a synthetic index is as far as I can tell it's a different thing than than the principles the infrademic credit governance I mean unless the whoever asked the question has an innovative idea for connecting them that we haven't which is entirely possible well if you do Medema Rose says thank you Dr Van so I guess you've answered the question there which is which is helpful pin question for you please um who is it has asked this one is it Jordan price has asked oh piotr hi piotr piotr crook has asked when is the next project update possible and I'll also I'll add on to that question I'll add latest question just in from Jordan price says where can I read more about it so Show more

tell us where to go to learn more and when yes definitely um I mean we we have our telegram official telegram channel uh just to take note there are a few fake telegram channels so so make sure you go to the official one so how do you possibly go to the official one you just you can just go to codigitalprotocol.com and from there just go all the way to the bottom you click on the telegram and that will bring you to the right codigital telegram channel so that that is one one way you can get information about the latest Show more

updates the other the other the other source of information we will be we will be always posting it on our twitter for announcements so these are these are two main channels that we will be giving updates and official updates from yeah thanks very much indeed and it certainly you're a we are a cogita protocol a very highly prolific communicator the marketing has been very helpful lots and lots of information lots and lots of coverage on across a number of different channels so thanks all to all of you who have been getting involved who've been liking who've been retweeting who've been queuing who've been commenting on our telegram channel we are absolutely honored to have you as our community thank you for your engagement and I just want to say hi to quirky data who says love you guys thank you quirky data we love you too keep it coming thanks for joining us tonight so question we're we're just just at the last question now so I'm going to close it out with this one which is what do you all think of these new POUW networks like Dinex and Flux being used for model learning and how would singularity net fit in with this but really we want to answer for cogito this is a cogito session Nate would you like to give that one a go or Ben we start with Nate um I mean these are I I can and listen it has something special to say on it I mean this really isn't about cogito too much right I mean these these are alternate blockchain protocols Show more

which tie together AI and and blockchain in reasonably interesting ways I think that their architecture on the whole is more like say cortex or deep brain chain to go back to some some earlier entrance in the day they're type specific forms of AI or hybrid AI human computation in with in with the blockchain in a tighter way than we've chosen to do with singularity net or or new net or also we sort of try to design things in quite discrete modular layers so we're not wiring into new net or singularity net or hypercycle any particular AI paradigm like neuromorphic or not neuromorphic or you know human participating or totally or totally automated we're trying not to wire that into the lower level protocol and platforms even though we have a lot of our ideas about how to do AI like with with the open cog hyperon system and with our own large language models and Zarka and so on so we want to keep those separate because it seemed like that would be best for long-term growth because you just don't know what other weird AI methods people are going to come up with the mic on these these platforms and leverage them I'd say Dinex and Flux sort of wire they they're quite different but I mean one is neuromorphic the other sort of people powered but they but they they wire in specific assumptions about how the learning is done more tightly connected with their blockchain model and I would rather not do it that way I'd rather have discrete modular layers just from a software design perspective I mean from a cajito view we're definitely starting out using singularity net and AGIX token and then hypercycle once it's ready to run to run the underlying AI to to to power the the algorithmic stabilization on on cajito I mean initially we don't need super sophisticated AI anyway as we roll out more sophisticated AI we'll run it on the singularity net ecosystem forms I mean that said in in the possible world where Dinex came up with something that was the smartest thing in the world that would help us so much with algorithmic stabilization I mean there's no reason that Show more

cajito couldn't leverage that on the back end also right I mean it's an it's an open modular architecture that can leverage whatever works best okay great thank you so much Ben for that clear answer and financial failure who asked the question said thanks for the answer what you said makes sense so it's great to know we're making sense here folks we are out of time and we're also out of question so so I'd like to say thank you to you all for tuning in thank you to those of you who will follow afterwards thank you to manga deserve for your lovely comments and thank you to never titty lovely to see you here for for your comments thanks thanks all very much indeed please do join our telegram group if you're not already on our telegram group please follow twitter for updates on the tge and let's all keep watching very very closely while we're very excited for the launch and for what comes next keep retweeting keep qt'ing we are very appreciative of all of your engagement and it's a decentralized project to make a better world decentralized access to wealth and and really improve the d5 financial system thank you Jordan thank you Peter thank you andy merose thank you mastery uh you beauties you beauty uh on that beautiful note thanks all you beauties says mastery we will say goodbye to everyone thanks all bye thank you bye Show more