This Underrated DePin Protocol will soon take over the Internet!

Happy Tuesday, everyone. I am here bringing to you another crypto project, and I'm excited about this one. And I'm excited for a few reasons. First off, uh, your friend Andy brought me this one. Okay. And your friend, Andy, he is the opposite of DGN. Uh, he is anti DGN crypto. And so when he brings me a project, there's some people when they bring me a project, I'm like, yeah, okay. You've brought me stuff before. I don't know. When Andy brings me a project, I know this is a solid project, um, that hat that he's really excited about. Uh, and so I'm excited about it as well. Also, this is in the deep end space and I really have been wanting, I'm so tired of blockchain and meme coins and Ponzi's and things that aren't actually doing anything, um, they're just using the name blockchain to make money. Um, and I'm looking for, Hey, who's actually using blockchain technology to make the world a better place to provide solutions. And I think Tempe is one of those. So we're going to talk through all of that. What I need from you guys in the audience, please hit the like button, the currency of YouTubers. Some people want USDC, but I just want likes. So please hit the like button. If you have questions, please ask all your questions. Um, that would be great. So I always like to start with short introductions just to kind of know who we're talking to. Um, so we'll start with you, Gareth, but tell us just a little bit about yourself. How'd you find your way into blockchain and how'd you find your way to Tempe? Yeah, great. Well, thanks for the, uh, amazing introduction. That's really nice. And, uh, it's great to be here. So, yeah, my name is Gareth Evans and, uh, you have, can I take on a co-CEO roles, um, for, for Tempe, which is a bit unusual, but I think as you, you'll see, and we introduced ourselves, you'll see there's very good reasons why, why we do that. Um, so yeah, gosh, um, my, my backgrounds in business and, uh, I've, before I came into Tempe, um, I was working as an IT consultant, uh, primarily for implementation of IRP systems, which is really about understanding the business operations and how you can match technologies, um, into fulfilling those business, uh, goals and desires. Um, Joerg's on the, on the technical side, Joerg's our technical genius here. Um, and, uh, he'll, he'll show that in his prowess when he, when he, when he starts talking. So we've got a really nice mesh between us, uh, between, uh, our business experience and Joerg's technical experience. Uh, I've been in the crypto space for around five years. I started as a trader. Um, I was running a business before COVID, common story. Um, and then during COVID Joerg came to me and, uh, with, uh, this amazing idea about producing a decentralized data index. Um, I'll let, I'll let him tell the story. Um, and I think I said, you know, give me a couple of weeks to come back to you on it. Uh, next day called him. I was like, yep, let's do this. And that was, uh, gosh, two, about two and a half years ago now. Uh, so we are, a lot of people are just hearing about us now because we've built the technology, um, and it's right now where we're creating awareness, right? So we're not a new project just because you're hearing about us now. We've been around, we've been building for two years, um, and we're at a stage now where we're ready to push our products into the market, which is, which is why we get talking to you. So, yeah, I'll, I'll let you go now and, um, let you, uh, tell the story of, of, um, how, how we started and your background. Oh, awesome. Over to you, Joerg. Thank, thank you. And thank you for having us. Um, I'm not, I'm not a genius, but, um, my, my background is information security originally since the mid nineties, actually, um, have been working on a couple of frameworks, um, that might one or the other might now about ISO 27,001, for example. But, uh, in 2015, I founded a cyber intelligence business that is called DarkSkull. And during this time I had to develop a search engine. So a search engine is something for that, uh, business was for the dark web, but then at that point I was thinking about, would it not be really great to have an alternative to everything that we have right now? I mean, if we look into the market of, uh, of data, whether it's used for search or it is used for AI, this comes from, um, basically two big players. And we have Google and Bing. And we all know how Google and Bing is treating us. Um, it's not a secret. So I wasn't really happy with it. And, um, so back then I had the first idea, but you know, I was busy with other stuff. And then my lovely lady, she, um, um, in 2019, she was basically searching for something, an ingredient that she knew she can get in New Zealand and, uh, by the way, we are based in New Zealand. And, um, she used Google and Google really didn't show her this little shop. They only Google only showed her the big guys, the big shops and Amazon and stuff like that. So it got her very frustrated. And that was the point when I said, okay, now it's really time to do something about it, um, to really create, um, you know, an independence when it comes to data or information. And that's when I called Gareth. I knew Gareth from, from previous engagements. So New Zealand is a small place, you know, you know, guys, it's just the way it is. So we talked and, um, yeah, now we are here nearly three years. Yes. It's crazy. Awesome. I love that. I love that story. Um, let's, uh, let's kind of start with an elevator pitch. Um, so you talked about, you know, a decentralized, uh, data index and you mentioned it's kind of like Google and Bing. I think for a lot of my non-technical users, they might be confused. They might be like, well, what are you creating a search engine or what's kind of the elevator pitch, uh, for what you're doing with Tempe? Yeah. So Tempe is a data company and we've built, uh, one of the, well, we've built the largest, the decentralized data index of the internet, and it's actually one of the largest, uh, data sets of the internet in the whole world, uh, just behind for others, as you mentioned, Google, Bing, Yandex and Baidu, uh, now, okay. But what, what is this data index? That the data index is essentially a collection of, uh, information from pages on the internet, right? So we, uh, it, it, it's texts, it's images, it's videos, it's everything out there. And, um, the, one of the challenges in the industry is that there are only four of the big players in the market, um, that have built such a data set. Um, and you think, well, okay, why is that the case? Why, why are there only four of the players? And it's because there's this huge barrier to entry into the market, uh, by the sheer cost of infrastructure that you need to, um, harness and maintain this data, and that is what we've solved with, um, with blockchain technology and decentralization. Now we use this data and you hear us talking about the search engine. So we use this data set, um, for products and services such as the search engine, but also, uh, developers, researchers, businesses are able to, uh, tap into our index directly for the development of their products, services, and research. And so for the first time, we've got a product that's able to tackle a fundamental issue in the industry where the data is being controlled, uh, by these big tech gatekeepers, uh, by first of all, not providing comprehensive structured data sets that are actually usable for organizations, but also, uh, creating a, they create a barrier just by the sheer and economical costs to access this data. So this is what we're removing through decentralized technology. We're able to build the index and collect this data of the internet, a fraction of the cost, operational costs. We're able to pass those costs, uh, cost savings onto our customers. And because we have our own data and because we're not controlled by big tech organizations, we're able to, uh, share this data and democratize this data so that not only is it accessible, but it's also trusted data. So for the search engine, when it releases in Q4 this year, we'll be the only unbiased and unmanipulated search engine in the world, i.e. it will not manipulate those results according to any commercial biases or, or political agendas. And we're the only player in the market that can do that because we have our own data sets, which we've built what we've been able to do because of the decentralized technology. Okay. I love that. Um, can you kind of explain, cause I think most people, um, I used, I'm a marketer, so I'm very familiar with, with AdWords and AdSense and Google and their data collection and things like that, but I think most people just think of Google and Bing as they're just search engines, they don't think of them as data companies. Um, can you kind of explain the relationship and, and what exactly Google and Bing do and how that relates to search engines and how they're more of a data company than they are a search engine company? Yeah, so in order, I mean, when, when you search something on any search engine and you're not searching the internet directly, but you are searching an index that's a large database that stores all the information that is out there or most of the detection. So if you go to a DuckDuckGo, for example, then you're actually not searching on DuckDuckGo because they do not have their own index. You are searching on Bing because in the backend they're using Bing as their data source. So that is important to understand that there is a difference between a search engine like Google and Bing and a search aggregator like DuckDuckGo. So, and that's also our opportunity. We do not aim for, you know, overtaking Google or anything like that. We are aiming basically for providing an alternative to someone like DuckDuckGo because they have already the privacy in there. They have already, um, um, all the messaging in there, and it would be great for them to just move away from Bing into Google, uh, into us, not Google, uh, into us because all are using us as an alternative. So, um, our aim isn't really to reach, um, um, something like, you know, um, decent market share, um, that is way lower than you might expect, but we, I think there was, we come to that. So data is the most important part. What you need, you need to have the database that reflects the content of the internet. And they are only, um, four in the world. And with Timpy, uh, we have number five and that's why it is so important. Okay. No, love that. Actually, most people, and I'm sure you would agree, um, people don't realize this, but data is actually the most valuable asset in the world. Um, there's more money spent on data, um, than anything else. Um, and so having that data, do you want to talk a little bit about. Um, the problems with data being centralized and with you, what's, what's wrong with Google having all the data and everybody just going to Google for their data? What's the problem with centralization? I'll let you take that one as well, Jörg. Yeah. Okay. So centralization, we all know that, um, only a small group of people actually has control over what isn't they show you. So if you search something on Google, you know, you are being manipulated, whether it's about, um, financial gain. So they will just show you the, the shop they work with, or it is for political purposes. We have seen both and it's, you know, it's public. The problem on that is we, and these search engines, they create, um, echo chambers. So if you search for something, then they will always show the similar or same content from your region, from your language and so on. So that creates echo chambers. What you really need. And that was the whole purpose of the internet was actually to get free access to all information so you can create your own opinion. So you need to, you need to hear both sides, right? And that's what you don't get on the current market because the current market supports you in your thinking, whatever your thinking is, and will only show you one side. And that's what we want to change. We want to just unbiased. We want to, you know, we want to just show you the information. Uh, without leading to leading you into any direction. And that's where the unbiased coming comes into play. Our index is built based on, um, on, on the, um, content and not based on our beliefs or anything. That's why we also have a governance process that allows, or that really invites our community to help us, um, creating the ethics of the, of Timpy and how we deal with this data. So that's where the big problems lie. And then of course, everything you do on the internet right now is, is monetized. Unfortunately, you don't get anything from it, but it is monetized. I mean, it's a hundreds of billions of dollars business and you are getting nothing from it, but you are monitored and monetized for sure. Yes. And that's something, you know, we want to create the alternative that where you don't get monitored and, um, where you don't get monetized and where you can really, you know, change something. Yeah. I think there's really two hot, hot topics here at the moment where data really, uh, unbiased and trusted data really comes into play. One of them is in the development of large language models. And, uh, we're, we're certainly getting a lot of developers contacting us at the moment, asking to use our data. Um, not only because it's, um, that they can get access to a fraction of the costs compared to the other big guys. Um, but also cause it's trusted. Right. And we're developing all these crazy AIs around the world, um, that are going to, are doing ridiculous things. And, you know, how can we ensure that, um, they are being trained on, um, unbiased data, um, now, if, if we go into detail about it, Jörg will always gives the warning, like AIs are never unbiased just by the nature of the training. Right. So yeah, I know that's what you're thinking. I've given that warning. But they can be trained on biased data or unbiased data. Yeah. So, and, and, and that's what we're solving. And, and there just isn't the, uh, the, the, the data sets at the scale that we're talking about. They're just not available. Um, they are now for the first time with Tempe. And then the, the other area, particularly with search engines and there's growing awareness around this in society around how data is being used to, uh, manipulate people's minds and decisions, and I don't mean to sound conspiratorial here, but, but it's true, there's lots of studies on it and there's growing awareness around, um, how are your decisions are being influenced by the data you're showing, right? You search on Google, you're going to get Amazon products. You're not going to get the most relevant to you. You're not going to get access to all the data that's out there, but you might do if you scroll to page a hundred. Um, but you, you know, it's just, and, and it's the same for all the other search engines as, uh, as well, all the data sets just show you the data that they want to push their commercial, uh, biases, um, and even to a greater extent, political agendas, right? We know how there's been, um, loads of news and articles and research done on how they use data to, um, and even being influenced, uh, sorry, Google influence of results, um, to, um, influence, um, election results, right? They can do that. So there's a real danger here that also we're, we're, we're solving or hoping to be part of that solution. Um, purely by creating a dataset, um, that is in the vision that, uh, uh, Bernsley had when he created the internet to make it accessible, um, and an open, uh, to everyone in the world. Okay. Awesome. I love this. I have so many things I want to talk about, uh, cause I, I love this topic and it's rare for me to have two people who know about this topic and can answer questions about it. Um, so one question I have is, have you guys kind of, uh, what's the vision for your niche? Um, you're not looking to be a search engine, like to compete with Google necessarily. Um, have you kind of found that AI models is where this data is most used or is the goal anyone who needs data can come to you or what's, what's kind of the niche or vision that you have for how this data will be used? So we have data, right? Uh, first and foremost, we are a data company, but then we, we utilize that data, uh, for our own products and services. Uh, but then also open that up for other people to build on that as well. So, uh, we are known, many people will know us for, for our search engine that's being released in Q4 this year. Um, and again, we're, we're able to build a very unique, uh, solution there, which solves real world problems because we have our own datasets. Um, now for, for us, that's a, that's a core product because that's all tied into our tokenomics and revenue models through advertising, through the search engine, um, that, that supports the network supports on node runners is part of the core part of the, um, uh, tokenomics and, um, economics, uh, of, of, of, of the business. Um, but you know, we don't want to hoard this data just for ourselves. You know, we, we're not centralized. We want people to have access to it. And we want to solve real world problems. And so, um, we, we have our own AI called Wilson, which is integrated into the search engine. It's also a standalone product that you can use that's integrated with the index and trained on the index data. Um, and then at the moment, organizations, researchers, um, uh, and, and developers can get access to our data through API. Uh, but in future, we're also building a, uh, marketplace. So this data will be able to be, uh, freely traded, um, through NFT access. And so you'll be able to get data sets from an index and actually openly trade them through NFTs. But that marketplace is also going to be open to other third parties, but they can put their data in and then trade them through NFTs as well. So what we're really doing here is, uh, creating a platform where we're evidencing that, uh, this data can be collected through a decentralized approach. It doesn't need to be hoarded, um, or siloed in a centralized model. We can open it up to the world and then we're opening up the marketplace for our data to be freely traded, but then also other people to come in and freely trade their data. And providing then examples of, of, of how it can, uh, make a real, uh, uh, impact with, with a service like that, with like the search engine. Okay. Well, I'll put on a bit. Oh, I, you know, I'll get excited about this. Um, anything you add to that yet? No, no, all good. Perfect answer. Perfect. Perfect amount. Yeah. And it's always, uh, I know if you're like me, this, you're passionate about this. You could talk about it for hours. Um, so we're just getting a little taste of, uh, of some of this now. Um, do you want to talk about actually, uh, Justin here, who's a, my community manager, he said. Uh, we need more people viewing this type of content. This is what the blockchain movement is all about. And I talked about that briefly in the intro, just how blockchain. Primarily is not being used in a useful way right now. Like meme coins are the biggest volume on the blockchain and they're useless. Um, do you want to talk about how the blockchain makes something like this possible in a way where if there, if the blockchain wasn't around, Timpy wouldn't be able to do what they're doing and maybe could talk a little bit about nodes and governance and, uh, kind of wrap that all, all together. Okay. I'm, I'm, I'm starting. Yeah, let me start and you, you finish. So basically blockchain is used for us in, in areas where it is necessary. So what we, what we went and, um, what we went and did was basically looking into where does blockchain make the most sense? So we are not the blockchain purist who says everything needs to be on blockchain. We are utilizing blockchain, blockchain where it's meant to be. So, uh, we had initially the, the questions, Hey, can you not put, well, why are you not putting the index onto the blockchain? I mean, that would be crazy because we talking about a hundred billion pages per month. So you can't put that amount of data onto the blockchain and then you can't search us in any, in any meaningful way, but anyways, we utilize blockchain to really democratize our network, just look at our governance process, where we, um, invite the community to actually help us making decisions that would have only be, it's only be possible because we have a blockchain because we have the governance on our own blockchain, by the way, we are running our own layer one on the Cosmos, um, SDK. So we have our own blockchain. And also when it comes to, um, the how, um, trading with data, the data sets, you can create the third parties who can create apps. This is only possible through blockchain and through NFTs, obviously. So to give you an idea of the sheer size of, um, what our data set is, we are already right now on the third largest index available in the world. So we are already, so it's not something we want to build. It is something we have built and it's running for, uh, for an entire year now. So when there was, was talking about our, um, search engine release Q4, we are already in open, uh, in the closed beta. We have the second closed beta running right now and stuff like that, but it's already there is built. It's just waiting to get released basically. But, um, that's where we use blockchain for. Okay. Love that. Yeah. Gareth, you have anything you wanted to add? Yeah, I think, um, yeah, you, you, you touched on it earlier, uh, James in that, uh, you know, blockchain technology isn't always used, uh, in a credible way. And it's a shame because blockchain technology is, is beautiful. It has the opportunity to genuinely change the world. I believe, uh, the way society works, operates, shares information, uh, the, the financial industry, of course. Um, but it's abused, unfortunately. Um, now, uh, we, we are first and foremost about the technology, about delivering value, about creating this data index, uh, to add value into the industry and to try and change this industry. And that is what we're doing. So, and you'll see that in the way we operate, you'll see that in the node sales, for example, um, where we're not releasing tens of thousands of nodes. We're just releasing the number of nodes that we need to, uh, scale, uh, deepen network at the rate that we want to grow the index, right? So it, it, it's, uh, the, the technology comes first. Um, it's not about getting tens of thousands of nodes out there. That's not sustainable. We want to grow sustainably. We want to be here in 10, 20, 30 years time. We've got a huge opportunity within the industry, as you mentioned earlier, just to, even if we carve out a 0.5% of the market, we're a billion dollar business. Um, and that is more interesting than just releasing thousands of nodes. So everything we do is, uh, to, to ensure the longevity of the business and operations. And, um, uh, you know, we, we, we couldn't do it without decentralization. Um, because it's, uh, node runners that enable us to, to build this, um, the, the infrastructure to order, to, to build and maintain that dataset and, uh, you know, operating in this way, um, not, not only enables it to be democratized, um, and for us to be transparent about what's happening. So, you know, when we say that this data can be trusted and it's not manipulated, we're able to be transparent about that. So it's real, uh, which we feel is important. And, uh, then it also enables us to, to scale a very cost-effective way. And then again, reward our node runners and pass cost savings on to customers. So it really is a perfect, um, uh, you know, ecosystem. Yeah. Okay. I love that. I, one of my favorite things that you said was that you're not blockchain purists and you're not looking just to use blockchain just for the sake of it. I see so many companies who they, a database would be much better for what they're doing, but they just want to be, oh, it's cool to be on the blockchain. It's cool to have a token. It's cool to have a node, which we'll talk about here in a minute. Uh, most nodes out there are not nodes. Okay. Um, but I love that you guys you're looking to solve problems. And so if blockchain is a good solution for a problem, then you use blockchain. But if SQL is a good solution, then you use SQL. And I, I love that. I'm glad to hear you say that. That's one of my favorite things that you've said so far. So love that. Um, can you give an example of the cost difference for, um, let's say I'm a big company that's needing a lot of data. Um, we don't have to get like specific numbers, but how, how much cheaper is it to go to Tempe than to go to Google for like the same data? Are we talking it's double if you get it from Google or it's, or it's 10 X or what, what kind of, uh, uh, price difference are we looking at? So it's, it's significant, right? Um, we, we're just working with our, uh, our first, um, organizations right now that are using this, this data. Uh, so it's, it's, it's, uh, a lot less now. And as we grow and develop, it will become more, but it's always going to be like a fraction of the cost, right? Uh, more than 50% for sure. And then, and we can maintain that, uh, for a very long period of time and be very profitable. So, you know, that, that, that's in terms of getting the data sets, uh, uh, significantly it's above 50%, uh, less expensive. Okay. Um, when we look at the advertising costs, um, when we, we start, uh, the advertising, um, which will be in Q4 this year, uh, then, uh, we're, we're looking at running those at 90%. Uh, less expensive than, um, than competitors, 90% less expensive and maintaining that for many, many years. Again, that will increase, but, but it's, um, you know, that might increase to 50% cheaper within five years. Um, we're, we're not looking to, you know, scout people. We, we don't need to be charging that amount because we've got a low running cost for infrastructure. And we would rather have people use the data and we would rather have people know about Tempe and what we're doing. Um, then charging them stupid prices. Yeah. Love it. I mean, this could be a big, a game changer, um, for, uh, for a lot of companies, their companies that are paying six figures, seven figures, eight figures a month for data. And if you're able to cut that in half, if you're able to spend 40 million a month instead of 80 million a month, I mean, that's a game changer for your business. So love that. Um, we have a question from the community here. Trizzy says, how do you get your data? Do you want to talk just a little bit about what that obviously not too technical, um, but what does that process kind of look like? Yeah. So we we've already touched on it. Um, if, if you want to, if you want the data, right. So let's say you, you don't, you don't want to search the data. You want to search the data, wait for our search engine or join our beta program, and then you can, you can search that data. Uh, but at the moment, if you want to use data, um, uh, get in contact with us. And, um, we'll, we'll, we'll talk to you about what kind of data you want, and then we'll open up the API. Um, we have all our APIs available. They're not publicly available yet, but, um, come to us, talk to you and we'll, we'll give you the API, um, details and then you can, um, access that. I'm not sure if the, if the question wasn't this direction or was it more in the direction? How do we get our index filled? Well, you know, both are good questions. So yeah, I put them in. Okay. Well, I'll tell you what, yeah, you answer it from the other perspective. And then I'll tell you from the other perspective. Okay. Then we have two CEOs, you know, there you go. So, uh, we have, uh, our own, um, decentralized network and we developed our own network protocol that is called TAP. Doesn't matter really, but we have several different nodes. One of this node is called collector and the collector is basically our crawler. So to get the data, you need to have a crawling engine or a crawler, and that's our collector. And the collector, um, sends it to the geo core and from there to the guardian. So we have several different nodes that have several different or that have different purpose in our network. The collector is the one who is actually collecting all the data. Geo core is the one who's controlling the traffic flow. The guardian is the one who stores the information and the synaptron is the one that is basically our AI node. That's on a very high level. But if you want to get really into the nitty gritty details. Uh, we have a good book. Uh, we have descriptions about everything in detail. And if you are, um, if you are even more nerdy, then you can join our now you please join our discord anyways, but you know, if you want to really ask us the detailed questions, our team on discord is the technical team. They can answer everything in really detail, but it's basically, we use different types of nodes. And that's also the reason why we use access NFTs because our nodes are different and we do not need to grow the network sustainably. That means we can't afford to have 20,000 collectors if we don't have a place to store the information. So that's why we have limited access nodes for the guardians, limited access nodes for the collector, and that's why we only have, um, at the moment, a couple of hundred and we will never have 60,000 or a hundred thousand nodes because that doesn't make any sense. Um, it's just the way it is. So that's where we, um, how we basically collected this was a collector. Okay. Great, great answer. And could you talk a little bit about nodes? Okay. Cause nodes in the crypto space have gotten a bad name because, um, a lot of people sell nodes, but they're really just a Ponzi vehicle where they're not actually doing anything. They're just something that you buy and it pays rewards and the rewards are paid from new people coming in. But your nodes are actually doing something. Do you want to kind of talk about what is a node and maybe go through the other three types as well? Yes. So, um, for us, a node is basically, um, a computer that runs our software. And our software, as I said, has, uh, different purposes or different, yeah, different purposes or roles. Uh, so if you run the collector, your computer will actively go out to the internet, uh, and we'll basically get the content from there and send it to our geocodes, actively doing something. We are running the collector or we are measuring, measuring it based on page per second. So that's a measurement our community is used to. And, uh, you get rewarded for the amount of pages your collector is doing in the months. So that's the short form. Then we have the guardian, which runs our application again and our database backend, and, um, you get rewarded by gigabytes that we utilize from your hard disk and that stores all this information. So we have guardians spread around the world. Um, and they are basically our, our, you know, um, our data storage and the geocore nodes when they, um, are publicly available, which will be another, um, event, then, uh, you are, um, helping the network to run autonomously. I could talk about, I could talk for hours about our TEP, our own protocol, but we actually created a network that grows autonomously and controls and. Maintains itself autonomously, which is really cool in this, you know, in this, uh, um, um, in this industry, because it's, it's unique, hasn't been done before, uh, building a data collection, um, network that is, that runs autonomously. Gareth, you want to add something to the notes? No, that's perfect. Yeah, no, that was great. And, uh, Skyler says the only nodes I like are the real ones are the ones that make you pull your hair out when you set them up, because then I know it's a real node. Uh, yes, that is, uh, we try not to, but sometimes it does still happen. Don't be afraid. If you run our node, you can, as I said, discord is a perfect place to get every help you need. Yeah. So I set up 10 nodes and this is why my hair looks like this we've set up the process. So it's very simple. Really simple. You, you download the software, connect, connect the NFT and, and you're pretty much up and running. Yeah. Okay. So are these, do you need to run these on a, on a virtual private server or can you run them on your computer or what, what are most people, what are most people doing there? So, um, the collector can be run on your normal computer. That's no problem. Um, so not from, can be run on your normal computer. I'm the computer I'm talking from at the moment I'm using runs, uh, runs I was still not running twice, uh, two times Wilson. Um, the guardian, I would say it's more, it's more dedicated one because of the storage requirements and because it is quite, uh, um, it does a lot of work. So it's really, you can do both. Um, it does support a VPS like Contabo. It does support Docker. So you can run it in Docker container, partially, um, our collector, you can run on flux even. So there are a lot of opportunities and possibilities how you can run it. Um, so yeah, VPS, no problem at all. Okay. And, uh, how much technical knowledge you said? It's pretty easy. Um, should my, my grandma, if she's wanting to, should I recommend a node to her or do you need at least some level of technical know-how or what, what's the level there that you need? Yep. So I would say the collector would be the easiest one for your grandma, because if she runs windows, then she has just an installer and that's about it. Your grandma needs to know about wallets and NFTs though, because she needs to buy an access NFT. But if you help her out, that's not an issue. Yeah, it's, it's relatively, it's really relatively easy. I mean, you know, you need to know about wallets a little bit. You need to have an access NFT. Um, and the only thing, what you need to add in the collector is your wallet address. So it's not magic. It's relatively easy. Um, so yeah, it's, um, the other nodes might be a little bit more complex when it comes to the guardian and storage, because then, but it's also a Docker container you can set up within 10 minutes. No issues. Yeah. And, uh, well, and chat GPT, uh, or AI, it can really help you through some of these processes too, and obviously hop in discord too, but, um, you can learn a lot, you can do a lot of stuff through there. Um, what's the minimum requirements. I'll post a link to this page. This page has kind of all the specs that you need. Um, does it support VPS is like contact Contabo? Um, yes. VPS should work great. Um, can they run on a cloud? Yes. Uh, is VPS the same as the cloud? Yes. Correct. Yes. Um, so yeah, great, great questions there. Now, um, you kind of mentioned the collector node is going to be the easiest to set up. Um, how should somebody think about, uh, the rewards or setting up a node? Um, how does somebody think through how, you know, what kind of rewards will I get? I know people are always asking what percentage return am I going to get and things like that. And it's hard to, how should somebody think through questions like that? So, so we've, uh, we've actually set up a, a, uh, a guaranteed pool, uh, for, for these, for these nodes. And, uh, we're, we're guaranteeing this pool for the first three years. And, uh, but that pool is in tokens, right? So you will know the number of tokens that you'll be receiving for, uh, running the nodes. That varies depending on whether you're running the collector or the guardian. Um, and you know, we've, uh, made it very competitive based on, um, well, actually it was based on the prices a couple of weeks ago. Um, the, the, the prices moved quite considerably since then. So these, these APYs, effective APYs that I'm going to give you have actually increased quite significantly. Um, so for running the, the collector, we, we based it on, uh, uh, a price of around 3 cents and, and that was going to mean that you, you'll get, um, for the, for the first year, at least around a return or around 25%. Now we've guaranteed that pool and the price today, I think is sitting around 6 cents or ish. I think it's trading around 6 cents. So that now has increased to maybe 50% APY, right. Based on today's price, we don't know where the price is going to go. We're not making any guarantees of where the price is going to go. Right. We obviously feel quite positive about it. Lots of products coming out, building awareness. Um, and as we release all these products, that increases the utility. Um, but we're not making any guarantees. We can't make any guarantees around the API, but what we can do is around guarantee the, the, the number of tokens that you're going to be receiving. Oh, there we go. Your friend, Andy, 77% equates to, um, based on today's price. Blimey. Um, is that I could go up or down, but today we're looking at 77%. So yeah, that's amazing. That's pretty good for a real, real no, that is actually doing something. Um, your friend, Andy, we, as again, we, we guaranteeing those, uh, the, the, the tokens, um, so, so yeah, it's, um, it, no drones get nicely rewarded. Um, but again, we, we can do this because we can do this in a sustainable way. Cause we're not releasing thousands of notes, you know, in this next batch, that's coming up, maybe I should explain a bit around apex events. Uh, in this next batch that's coming up, um, we're releasing 150 collectors and 500 guardians. Uh, we, we did start the pre-sale yesterday. And so that is less now. Um, I don't know what number we're sitting at, but when we actually move into the public sale on the 17th, um, there's could be half that amount. I don't know that they're going, um, as we speak. So make sure you're, you're, you're in the right place. Uh, when, when the public sale goes live on, on 17th, um, we are then running what we call apex events. So we ran an apex event back in, uh, I think April it was for the collector note. And, uh, what we do during these apex events is really stress test the system. So the last one was focused around the collector where we, we stress tested the network, everyone running their collectors at full capacity. And, oh, there we go. Uh, uh, Justin, uh, looks like we've got just under 400 guardians and only 64 collectors left. Um, where we stress tested that system and, uh, we were able to collect, I think three and a half billion pages in, in that one week, now this next apex event, which is focused around the guardians. We want all the guardians up and running. We're stress testing that collection. Um, along with those additional collectors to see how much data we can store and how much resilience we can get into the system as part of those events, we give additional rewards. So if you purchase a node, you're running the nodes, you're going to get the, the, the API that you'll get every month for as long as you're running those nodes. And during these apex events, you get the, uh, uh, we loop boxes and those loop boxes will have all kinds of things. And they'll have tokens in there. They'll have maybe additional nodes. Uh, we've got, uh, prizes in there from our, uh, partners. You see our partner lists coming through there on the, on the side. And we also have, uh, domains coming through. So you don't know what you're going to get. It's a nice bonus. Could be significant. Could be something small. Uh, but, but it's a, a nice bonus as a thank you for everyone participating in that, in that apex event. Okay. I love that. And I love that. Yeah. You're just launching nodes as needed. Um, again, that shows it's not a money grab where, Hey, we need money. So we're going to put out these nodes, but Hey, these are nodes that are actually running the service. And we're only going to put out as many as are needed to make things work. So I think that's very smart. Helps it not get too inflationary. Um, as well, you're handing out too many rewards. Um, that can be a problem as well. Um, I wanted to say one, one, one, one last thing to the note. Sorry. Yeah, the notes. Yeah. The notes we do now it's our founders edition notes. So that's the only, and the last time that that will ever be sold every notes after apex. So there will be a time when we need more collectors, but that these collectors will be minted by our tech network by the protocol. And these will not be founders edition. So the NFTs we have in the apex events is basically to honor the guys who support us right now in the early stage, it's basically the founders edition and everything afterwards will be a regular NFT. So they will be tradable, um, transferable and stuff like that. So it's, um, yeah, it's, it's, it's a unique point in time right now. Okay. These founders edition nodes will also have some special features as we, um, continue to build our ecosystem. Um, I'm not saying anything more than that at this stage, but if you have founders nodes, then, um, you know, as we build and release products, um, then. There'll be special treats and features. I'm going to put my alpha ticker up. That was, that was kind of alpha. That was semi alpha. So we'll, uh, I'll put that up there. Awesome. Love that. Um, audience questions. Um, I know we got it. Well, we got a whole bunch of questions coming from different directions. So let me try to organize these first off. I'm cheating on chat GPT with Gemini. I recommend you do the same. Gemini is Google's product and we are anti Google on this video, uh, right now. So no, I'm not using Gemini. Um, I like chat. You actually, I've been liking Claude personally, um, recently, but yes. Good, good question. Um, what's the release schedule for tokens? I'm lazy and don't want to see the white paper if I can ask. Um, so one way to profit off of your, you know, ride your guys's coattails and profit off your success is buying a node. Um, but many people might not feel up to that. They might say, you know what? I just, I don't know what I'm doing. I don't know. I don't want to do that. Um, so another way would be the token. Um, do you want to talk a little bit about the token, what it's used for? Um, and just give us some token info. Yeah. So the, uh, token has, um, so we, we utilize the token for our, uh, governance on the tarot. Um, as you said earlier, the, we, we do have our own blockchain, which is Cosmos SDK, but we are fully cross-chain compatible with Ethereum. So, um, you can be traded on the Cosmos network or you start a new terror network. Um, Cosmos is a blockchain of blockchains. I don't know if people know a lot about Cosmos, but you don't need to, you know, if you know Ethereum, um, then, uh, you can purchase the token on, uh, Uniswap and BitMart. Um, we do have a, a release schedule where we're going to be on, on more, um, exchanges, both decentralized and centralized, um, beyond the, the, the governance, we have the, the token that is going to be used for, uh, purchasing all our nodes. Okay. So you can purchase the nodes in NTMPI. Uh, you can do that currently. Um, you can, uh, purchase domains and register your dashboards. Um, we probably haven't got time to go into dashboards on this video, but perhaps James can do another video on that, but it's utility without an ecosystem. You're using the token to gain API access. Um, you're using the token to purchase ad credits, uh, through, for dashboards and the search engine. And so what we're doing is, uh, in all of our ecosystem, it's all tied to the token. So as our demand grows, as we, people become more aware of us as advertising increases that all pushes into the, to the token. Now we are, we're not exclusive blockchain. So we, we do also accept payments in, um, stable and going forwards. When we released the search engine, uh, we will be taking payments in fiat because you know, many companies don't understand how to utilize blockchain. Uh, but what we then do is, uh, convert, uh, some of the, uh, real world fiat currency back into that token. So everything keeps on driving that, that, that ecosystem. Okay. Yeah. I was going to ask you about that. You know, Google, uh, well they make 300 billion a year, um, from their data. So you guys, I mean, there is a chance of you guys having significant cashflow, um, at some point at least. And so a portion of that will go towards kind of helping support the token. Is that, am I understanding that correctly? Yep. Absolutely. Yep. Okay. Yeah. With, with, with a 0.5% market share, which is very achievable. Uh, we, we have revenues in the billions. Yep. It's a huge market. You're, you're totally right. And I think currently we're sitting at a market cap of around two, 2 million. Oh, wow. I didn't realize it is that low. Okay. This, this is the, this is the time, my friends. Um, this could be a diamond in the rough for sure. Um, and scholars want to know buyback tokens or buyback and burn the tokens. It's a buyback. Um, we, we are, uh, we're not inflationary. We are deflationary in a, in a very small way. Um, just through the governance process. So if governance process has failed, um, then, um, then, then those are burned and locked. Um, but, but no, we're not, we're not burning huge amounts. So they are buybacks, uh, but we're not inflationary. Okay. Love that. Um, yeah. And again, the way, when I looked through kind of the tokenomics and things like that, you can tell, um, that this is not a cash grab. So the toe, the tokenomics are not designed in a way where it's just, Hey, get rich really quick. Um, but it's designed for the token to be a part of the ecosystem and help support the ecosystem and support the node usage. So, so love that. Um, your friend, Andy, the value prop is massive. It's insane how small the market cap is and how valuable the business they are building is. And yeah, I totally agree. I didn't realize the market cap was that low. Um, but I definitely, this is not financial advice. I'm going to look straight into the camera. I am going to be buying some of the token. Hey, I'm not sure about the nodes. I'll probably end up running some nodes, uh, my S as well, because I think it's cool. And I love, um, I love that we can have a part in making the blockchain run. I just think that's cool. Um, that's a cool part of blockchain. So, um, but getting those tokens at such a low market cap, that is a win for sure. So awesome. Well, this has been a great video. I have a ton more questions. We'll have to bring you guys back on for another video. Um, some of it is more technical and, uh, maybe I should do it offline because most people probably don't care. Um, but as we're kind of wrapping up here, I always like to, and I'm a marketer, so I like to end with calls to action. So what is it that you would like? You know, you do videos because you're wanting the audience to do something. Um, so what is most valuable? What would you like the audience to do as a result of this video? If they love your vision, they love what you're doing. What would you like the audience to do? So there's a few things. If you want to participate in, in the node cell, that's, uh, starting tomorrow. Uh, I'm confused because in New Zealand, it is the 17th. So, uh, but it, but it's tomorrow. Um, it's we, we can provide links somewhere. I'm hoping James, um, uh, nft.tmp.io. Um, you can go into there, see the details and get ready. Um, if you're interested in, uh, the token, then, uh, we're available on Uniswap, um, and BitMart. If you're looking at the ERC 20 representation, if you want to participate in our governance more, uh, you can, um, uh, purchase the, uh, Nitero representation on a RIDEX. And you can also run validators there as well. So if you wanted to run validators on, on our, on our blockchain, go and have a look at Nitero. Um, if you want more detail in general about any of this, the best place is to, uh, come to our discord. Uh, the, again, we'll provide links. Links are on the website, uh, tmp.io. And, um, we've also got a, um, uh, a group called the Knights Templar, which is on our discord. Encourage people to start joining that. Um, because we're providing discounts to the nodes. If you perform activities, we've got all kinds of events and activities going on there, which help us spread the word and then, uh, provide you with, um, again, special bonuses for performing, uh, activities. Okay. Love that. Yeah. And you know, hop into the discord, even if you're not wanting to get involved financially, if you're, oh, I've got no extra money sitting around right now. Hop into the discord, just get to know the community. Um, and you know, when the time comes where, oh, I have a little bit of extra money right now, where should I put it? I get asked that question every single day. I get asked, Hey, I just got 500 bucks. Where should I put it? And keep this on your radar. Say, Oh, I remember Timpy. They were actually doing something with blockchain. It's not a meme coin. Um, they're doing something and it could potentially be very big. And James and Andy both talked about it. I tell you what, I'm a little bit more degen. Andy's a little bit more less degen. We'll say if the two of us are both excited about the same thing, then you should pay attention to that because there's very few things that both of us are excited about. Um, so pay attention to Timpy and I'm, I'm sure I'll be having you guys back on, um, just, just to catch up and do updates and things like that. So, um, we will wrap up their audience. You guys are amazing. I appreciate you guys each and every day. You never know what's going to be on the channel, but I appreciate you guys following along. And, uh, Gareth, you're great to meet you guys. Love to hear about what you're doing. And I'm sure we will be in touch more as time goes on. So thank you for hopping on the channel here today. Thanks for having us. Yeah. Thank you, James. It's been great. Awesome. Well, thank you everybody. God bless you all. Have a great rest of your day and we'll see you tomorrow. Take care.