HELLO Protocol AMA - $HELLO Burns and Rewards
The Spaces focused on the latest developments and initiatives at Hello Labs, with participants including Sander, Nosh Basa, Morris, and other notable figures in the crypto industry. They discussed upcoming tech rollouts, including a decentralized exchange (DEX) with a novel rewards system favoring liquidity providers and stakers. The conversation also covered the expansion of the Hello Labs ecosystem, financial instruments like buybacks and burns, and their importance in maintaining tokenomics. The discussion touched on business pivots, emphasizing their necessity in adapting to market changes. The conversation concluded with a reminder about upcoming events, including a follow-up spaces session.
Hello Protocol AMA Summary
Introduction and Greetings
The session began with informal greetings and addressing technical glitches. The host welcomed the audience to another Hello Protocol AMA, expressing excitement about the engagement and discussions planned with key members.
Participants
Several notable figures were present, including Nosh Basa, Sander, Morris, and others. The conversation acknowledged the presence of influential members, highlighting bosses' new profile picture and establishing a casual but engaging atmosphere.
Key Discussions and Points
Hello Protocol Updates
- Speaker: Sander
- Discussed the development of a unique token economy that benefits both token holders and founders. The focus is on creating opportunities for arbitrage and media interaction, emphasizing the importance of engaging with communities and influencers (KOLs).
- Announced the deployment of a decentralized exchange (DEX) across three chains, with plans to expand. The model is designed to prioritize not just market makers but also liquidity providers, who can earn significant portions of trading fees.
- Highlighted the unique business model allowing LP providers to earn up to 60% of trading fees, with additional revenues supporting token burn mechanisms and staking rewards.
Community Engagement and New Initiatives
- Speaker: Morris
- Emphasized the excitement around ongoing initiatives and the upcoming alpha releases.
- Speaker: Nosh Basa
- Discussed the Hello Protocol and media efforts, highlighting the global reach through platforms like Apple TV and Amazon Prime. Mentioned the importance of fiat on-ramps for facilitating easy access to the Hello ecosystem for new users.
- Commented on the strategic partnerships that allow the seamless purchase of Hello tokens via credit card, addressing a critical pain point for accessibility.
Strategic Pivots and Market Engagement
- Speakers: Various (Morris, Shotgun, Basa)
- Engaged in a discussion on the importance of pivoting within crypto businesses. Explained how adapting to new market conditions and community feedback can be vital for success.
- Shared examples of successful pivots from other industries and brands, noting how adaptation can lead to new opportunities and growth.
- Discussed the intrinsic need for communities to be involved in decision-making and the advantage of aligning business models with user engagement strategies.
User Experience and Ecosystem Growth
- Speaker: Basa
- Discussed the significance of user experience (UX/UI) in consumer-facing crypto products, likening the Hello portal to seamless platforms like Abstract.
- Emphasized the importance of building not just products but also a strong community and brand that resonates with users and stakeholders.
Closing Remarks
- Announcement of new ambassadors, including Michaela, highlighting the expansion of the Hello Labs community.
- Encouragement to explore Hello's ecosystem via Hello.club and participate in referral programs for potential rewards.
- Invitation to upcoming Weekly Killer Whales Marketspaces and streams, promising insights and community engagement.
Final Thoughts
The AMA session underscored Hello Labs' commitment to creating a dynamic, user-focused ecosystem that blends entertainment and blockchain technology. The discussions highlighted ongoing developments, strategic pivots, and efforts to engage the community actively, setting a foundation for future growth and innovation.