iBots claims to be the first Bots as a Service (BaaS), a DeFi project that aims to generate passive income for it's users. Is this just another DeFi project or are they a truly sustainable project?
Website: https://ibots.io/ Discord: https://discord.gg/Yc4MPZ3vJw
00:00 - Intro. 01:14 - Justun's background. 03:16 - iBots Overview. 06:28 - Market trading. 07:34 - Are you diversifying into Crypto bots? 08:55 - How can people get involved? 12:38 - My bots vs iBots. 13:34 - Can send USDT over MATIC? 14:34 - Why verification & authentication? 15:50 - Will iBots team ever doxx/kyc? 17:25 - Any overlap in bots used in iBots & other projects? 19:01 - Is Rabby Wallet compatible? 19:40 - Reserve fund for a bad week/month? 21:10 - If the initial deposit is in BSC, will it all add to same account if added via Avax chain? 21:34 - ROI for iBots. 22:38 - Debit Card option. 24:45 - Minimum "new" deposit. 26:23 - Are all bots on one exchange or multiple exchanges? 27:35 - Way to connect with Justun. 28:08 - Thank You & Wrap up! ___________________________________________________________
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Hey, everybody.
This is James Pelton.
It is Wednesday, April 12th, 10 30 AM central time.
And I'm excited to be talking about some iBots, uh, with my good
friend, Justin, AKA pocket aces, AKA my community manager.
I don't know.
We don't really have a title for it, but he's kind of just helps
me out with a lot of stuff.
Appreciate him very much.
And so excited to talk about iBots, um, kind of how it started, how it's
different than maybe some of the bots I'm running.
And we'll talk through some of this stuff.
See if it's a good investment for us.
Uh, what I need from you in the audience, if you like either me or
Justin or iBots or passive income, I need you to hit the like button.
Okay.
Hit the like button and, and let me know who's here.
Let me know where you're watching from.
Uh, what's your favorite bot project that you're in?
And I'm not going to be offended if you don't say one of mine.
Um, and Justin won't be offended if you don't say iBots or something like that.
So just let us know.
Yeah.
How about both?
There you go.
And if you guys have questions as we're going, please feel free to ask.
We can direct the conversation in that direction.
So appreciate you guys.
Justin, thanks for hopping on.
Let's get rolling here.
Um, I think most people here know you.
I'm seeing a lot of green names, which means they're part of our
community, which means they know you very well.
Uh, but you want to start off with quick introduction.
Um, and then you can even, you know, shout out to your YouTube channel or
whatever else you want to, and then we'll get started with iBots.
Sure.
Elevator pitch on Justin AKA Pocket Aces.
Um, started in the space about a year ago, uh, fell in love right away with
the technology, the opportunities, all that jazz, lost a lot of money right
away, uh, with the opportunities and this stuff and whatnot, um, and then
just kind of evolved from there.
Started getting more entrenched in the system, into the discords,
trying to figure things out.
And, um, about six months ago felt with a community I was in actually
we've spoke about them before, um, got an opportunity to help them with
some videos that they needed for their community, uh, and decided to give
that a whirl and make my first video.
And people said they liked it.
I'm not sure how good it was, but, but yeah.
Um, and then, uh, and then that grew into my own channel and that grew
into modding opportunities and community managing opportunities that
I, that I kind of hustled for myself to help earn back some of what I lost
in defy, um, and to hustle my way back to positive.
Um, and, uh, yeah, so here I am now.
Community managing for you, modding for a few other places and, and helping
out and, and being part of a team of a project that I feel pretty, pretty good
about, um, but like anything in defy, I never get to, to, uh, gangbusters on it.
Yep.
Nope.
Absolutely.
Well, I love that.
And I left it, I left a link to your channel, so if you have not
subscribed to a pocket aces, his YouTube channel, please go over there
and subscribe, um, would really appreciate that'd be a good favor for me.
So, um, we got Scott here pocket plus Pelton for the win, Dustin, the man,
the myths, the legends, JP and pocket aces.
So I've got a lot of friends here.
Good to see all of you guys.
Good morning, all from Vancouver.
So we got some Canadians, fellow Canadians on, uh, Justin.
So, yep.
Let's go ahead.
Let's jump into iBots.
Um, can you go ahead and give us, you gave us an elevator pitch of you.
Um, tell us a little bit about iBots.
How'd they start?
What are they aiming to be?
Yeah.
So basically the idea is to create, uh, and I've heard this term with other
projects, so obviously it's kind of hard to coin it, but it kind of makes sense.
It's kind of an ETF of bots.
The idea is to create a protocol which gives maximum flexibility to the
investor, um, but still creating a growth opportunity for them as well.
Uh, and hopefully in the end is our desire is to create a safe one.
Um, so we're a combination of, uh, Forex bots and crypto bots, uh, as
we'll get into in a moment right now, we're very heavy into Forex for right
now, uh, but testing other things in order to help diversify a bit as the
markets change and as they adapt.
Um, and the whole idea is simplicity, flexibility, and, and hope and, and
earnings obviously, but, but stable, uh, kind of conservative earnings
is really the big thing for us.
Okay.
So basically you're just putting in money and then it's being
dispersed, um, between, uh, different bots.
Do you know how many different bots are being run right now?
So right now we have two different four.
Well, it's the same bot, but running two different pairs, uh, in
Forex, we're testing two other pairs.
And then there's, I think two to four other crypto, uh, strategies
that we're also testing.
Those are all really transparent and seeing on our channel, on our discord.
We actually have links to my FX books for the Forex bots we're testing and
running as well as, um, uh, constant updates of the PNLs for the crypto bots.
So, so pretty neat, very transparent, not something we've seen
as a whole in this space, really.
I mean, obviously there are some comparisons, um, but, but not many.
Yeah, no, absolutely.
Um, and are these bots, they weren't developed by the iBots team, correct?
Are these bots that they went out and found or make them?
Yeah.
And even the Forex bot was actually one that I, uh, stumbled upon through
somebody I knew and trusted and, and brought them to it.
And, and it's been well, as you can see, just this month alone, um, as much as we
have days where we're not earning, we're still doing pretty well for this month.
Um, and the last month, uh, I think we hit 12, 10 or 12% there.
So it was a really stellar month for us, uh, to kind of get us started.
That's why we haven't marketed.
We started in November.
We didn't really rush to market to try and, uh, kind of earn
the most TVL we could right away.
We wanted to really figure things out, really show people our transparency.
We got a small group of people in at the start from basically my community.
Um, and then kind of have grown it from there.
And now we're, we're, we're really rocking it, which is great.
Yeah.
And it's nice if you're not a Ponzi scheme, you don't need a lot of people jumping in.
So you can be kind of slow in your marketing and it's kind of like, Hey,
these bots, they're going to do pretty much the same, whether there's a hundred
thousand dollars in there or there's $5 million in there.
And so there's no rush to like, Hey, we got to sell as much as we can.
Um, so I like that.
I, you know, that makes me feel confident in a project when they're
not just hyping and pumping into marketing constantly, because I've
seen a lot where, Oh, we need to pump into marketing because we
need that to pay out old people.
So we've seen enough of that in the space and probably still going to.
Yes.
Yep.
It'll probably continue.
Um, can I, can I ask, so the days where there's not numbers, those
are just days where there wasn't trades made or there just wasn't profit.
Is that kind of what that means?
Yeah.
With the Forex oftentimes trades.
And I think you might've seen this even yours.
Sometimes there's days where maybe you'll have a minor, a little minus
and you have to recoup that.
So there's a couple of days for that.
Um, the markets only run, um, Monday to Friday or Sunday, five Eastern
to Friday, five Eastern for the Forex side.
So that's why the weekends are bare.
And then we have, uh, chosen, and this is part of our strategy and where
I've really grown such large faith for the team and the, and the guys
behind that are doing the work, uh, behind me, uh, not behind me, but,
but doing the work in the background.
Um, but, uh, they have actually, we shut the bots off sometimes the
Forex ones, especially when we're hitting turbulent time, uh, like right
now, it's actually they're shut down as of today, um, because some news is
coming that could, sometimes it's a flip of the coin and we don't want to
take those kinds of chances, whether we're picking shorts or longs with
them, uh, and really risk our, our investors' money.
So the whole thing is to make sure we play with it as if it's our own money.
And some of it is, um, so that we can protect our, our, our members.
Okay.
And then I think you, you kind of talked about this a little bit already, but
then are you diversifying into crypto bots as well, or are those running
already, or that'll be in the future?
Those are the ones that we're testing right now.
So we did have them.
Uh, and then we moved to the Forex cause right now the, with the amount
of volume happening on the markets, you're seeing more potential on Forex
markets because they're still very active, large volumes going through
them, whereas crypto, not so much.
So by doing this, we're kind of hedging ourselves right now.
And then soon we'll, we'll get back to those other ones to kind of diversify
and give us, give ourselves that little extra length to play.
And it also will help once our TVL gets larger, like it's been smaller.
So spreading that out got very difficult.
Um, and you can get stuck in trades when you do crypto stuff, if you're not
careful, like, like what shiny jackal bots sometimes do, uh, that you know about.
Yep.
Yep, absolutely.
Nope.
Totally get that.
Um, and I just want to do a quick shout out to the audience.
Um, just all the kind words for, for me and for Justin.
Um, I know we need it as me and Justin, as both as we get deeper into the space,
there's just more, I mean, there's more, there's more hate and there's more just
stress.
And so you guys being on here and just showing support, it means a lot, you know,
it really helps us, uh, helps us keep going and, uh, keep trucking along.
So really appreciate that.
Okay.
Um, let's go into, so I see here, uh, if people want to get in, let's
go ahead and start with that.
Sometimes I leave the, how do people get involved to the end?
But then people say, Hey, could you do that earlier in the video?
Because we were convinced we want to get in.
We want to just know how to get in.
So what are the steps people need to do to kind of get going here?
Yeah.
And if you start now, yeah, you can start now.
I don't know if you're, if you're able to log in, cause you have the
possibly the two factor, but basically you'll fill this in.
So that's the very basic starting point.
Uh, you'll fill in your account name, email, password, and then
obviously retype the password.
Then once you get in, there's going to be a screen that'll give you two warnings.
One's an email warning and the email will already be in your basket.
So you just need to go and verify your email.
And the other one will be to set up two factor authentication.
Um, and then if you go back to the website and scroll down, there's
kind of just a checklist there.
Or if you can get in here, actually, that's two, two, sorry, that works as well.
Um, so, and then you'll go to the deposit.
Might as well see it real time.
This is far easier.
So you've.
Once you, uh, Oh, no, I'm going to time log back in.
I timed myself out.
Um, so there we are actually.
Perfect.
So there's your two warnings that you get, uh, right off the bat.
As I said, the email is already sitting there waiting for you.
So you're good to go.
Uh, the two factor authentication, as you actually might've seen in a second
ago, the screen beforehand, you can click it, it'll open up your little
QR code and you can set that up.
After that, you'll go to deposit where you are.
The big thing to keep in mind and what we've just changed now is that metamask
and wallet connect is there before you were just, um, setting up a QR code and
you're sending money to the exchange.
Now what, what we've done is set it up so you can set it to save fees.
Basically.
Um, we've set it up so that you can deposit directly using your metamask
wallet, uh, and it goes right to them and then they can take the money and
put it where it needs to be.
And there's not as many movements creating less fees.
Um, so that's basically all that's happened here.
But when you connect that wallet, it is the final wallet.
You won't be able to change it afterwards under that account.
So the only way to get back in would be to basically close this account,
get your money back, and then start up a new one with a new wallet.
Um, so that's the only kind of thing to be careful with.
Um, and then going down to the, to the rest that's on that screen, the
minimum deposit is $250.
Um, and that is sticking around for now.
It may change as our TVL grows, but right now it's definitely needed.
Um, just because it, it's kind of what you need to start certain bots and
stuff, um, as you may also be aware.
Uh, and it does take up to 24 hours cause they are manually
processing those, those funds over there.
Um, and then basically the fees that you have to worry about or want to be
aware of is the 1% maintenance fee.
That will come from, uh, and I think if you scroll up just to see the, um, so
the, my earnings, you'll want to keep at least 1% of your total bought value in
there, um, at all times, just so that it's there after those 30 days, there
is a timer that's very clearly laid out, uh, to make sure you know, but it's
just a good safe habit to have that sitting there at all times.
Um, and then the only other fees are actually done.
Uh, and this was part of the discussions I had with the team and where we kind
of evolved into the final product was that, uh, at first there was a deposit
fee, uh, and after conversations, we kind of decided that that wasn't
leaving the flexibility of the, of the buyer.
So we decided to switch it to fees on earnings.
There's goods and bads to both strategies.
Uh, I think we've even talked about them or I've heard you talk
about them in different, uh, videos.
Um, but this way it gives absolute flexibility for them never to have to
make a decision based on anything about the protocol they can only, they only
have to base the decision on based on their needs cause they will not be
losing money getting out other than the withdrawal fee, I guess, is the final
one, which is I think $5 if it's under a, under a hundred and 1%, uh, if it's
over or something like that, just cause of transfer fees, as we know, we're all
there.
Um, so that I think kind of goes into pretty good detail of that.
Yeah, no, that's super helpful.
Um, no, I can tell you're a YouTuber, so you explain things a bit better
than a lot of my guests do sometimes.
Um, and yeah, and so that would be one difference between, um, like how I
bots is doing it compared to my bots is, um, my bots, I'm really not wanting
to put a lot of work into.
So like there's, there's heavier deposit fees, but then, you know, not as much
maybe going forward, but my, the goal with my bots is put them in and leave it.
I don't want people coming in and out super often.
It's just too much work on my end.
I bots is a little bit more flexible on that.
So again, when you're trying to figure out, should I get into war bots?
Should I get into I bots?
I get it.
There's tons of bot projects right now.
Um, just, yeah, take that into consideration.
If you're wanting to get in and out a lot, I bots might be a better option for you.
Um, if you're wanting to just sit there for the next 10 years, then maybe my,
maybe my four X-bots might be, uh, might be better for you or both and take two
different strategies while you're playing with them.
There you go.
I mean, I, I can't, uh, I can't say enough about diversification.
So yeah, absolutely.
Um, Dr.
Jay says I can send USDT over Matic, correct?
Yeah.
So if you, I think it shows actually, it might only show it when
you've connected your Meta mask.
Uh, but we actually have opened up before it was BSC and Tron and that was it.
Um, now it's, uh, BSC, AVAX and Matic.
Yeah, there we are.
Um, yeah.
So basically you're sending USDT over any of these chains.
So they, again, opened up some more choices for everyone to make it easy.
Um, so like, like I said, it's just totally flexible, which is what I love about it.
You can almost, what I've said oftentimes is I'm using this almost like a, a holder
of my Fiat or my defy funds as I earn earnings somewhere, I'm going to pull it
over here, like from war bots, like from anything, uh, pull it over here and kind
of store it there and then my earnings on here, I might take out for Fiat and start
paying myself at that point and then creating a basket of stuff there where it
might diversify into anything right at that point, whether it's properties
or, or the market, whatever.
So, yep, absolutely.
Um, we've got a few questions from the audience.
Actually first before that, um, do you just thoughts on how come you guys went
the direction of like having to use an email address and a password and, you
know, two factor authentication, that's kind of a different direction than
traditional defy.
Um, how come that direction?
So a lot of that was, was for the flexibility.
And because we were going to change, if you had to put it in like as a, uh, a
smart contract, there's other issues with that almost, right?
So there really is no smart contract in the back of this.
It's just money going directly to the exchange.
The thing with a smart contract with bot protocols is the money's open to the, to
the user or the owners anyways.
So there was really no value to the smart contract.
They were able to set it up all app based, uh, and, and create some extra security
for the people, no wallet that can get hacked on you in this kind of stuff that
defy kind of has.
Um, so again, it, it makes it almost more trad by looking, uh, how you access it.
So it makes it easier for people kind of to get in.
You still need.
Um, crypto, which I guess, yeah, if we could do credit cards later or whatever,
like what you've done, there's maybe some value to that, but, but I think it kind
of gave it a good little feel and, and really easy for them to adapt and change
things where they don't have a contract they have to flip, uh, or, or transfer to.
Yep.
Nope.
I can attest to that.
So, um, Davis would like to know, will the iBots team ever docs KYC?
So you have, what about the rest of the team?
Yeah.
So obviously, yes, I am.
I have physically had a video chat with them a couple of times.
So I am in contact with them.
Uh, I do get that there is some, some risk and some people that
will not invest based on that.
As it sits right now.
No, um, I have put my faith in them.
Uh, I get it.
I'm putting my neck out, out there.
Um, and I can't say anything other than I've had really
good conversations with them.
They didn't create a pump and dump project, uh, which is
very obvious from what it's done.
This is really not made any of us any money yet because of
how slow it's kind of grown.
Um, so there's really no signs to me of that stuff.
Uh, I do know they have said that there is a chance they
will do it down the road.
Uh, I'm not, I believe the reasons are because of what they do in real
life, uh, and that kind of stuff, which makes it hard for them to do.
Um, so fairly simple, but as I always am, it's honest and to the point.
Yep.
Nope.
And that's all you can do.
And I like what you said.
I say it all the time, but if that's a requirement for you to get into
a project is the whole team needs to be docs, then this would not be the right
one for you, um, and I, I totally understandable I, as some people have
been, but then again, uh, you know, I've been burned by a lot of docs people.
So I just, to me, I've been burned by docs people.
I've been burned by non docs people.
I've not been burned by some docs people and I've not been
burned by some non docs people.
So to me, it's just not that.
Um, it's not to me that important of a thing because I've been, uh,
I've been in trouble both ways.
So, um, is there any overlap in the bots using iBots and other
projects such as Warbots, 4x bots, aviate, et cetera?
Yeah, we haven't said which bots we're using and because we are fluent on them.
I do know that our 4x1 is exclusive to us that to my knowledge.
Anyways, I don't know if it's out there anywhere else, but I do know that we
it's ours and ours alone that we're using right now.
Um, other than that, for the 4x1s, I'm sure there possibly could be.
Um, but again, we're, we're not going into what's what, just because it helps
as much transparency as we want to be.
There's also things that we don't necessarily want to, um, just because
it's what helps me keep us unique or not look as, as cookie cutter as the other
ones potentially and that kind of stuff.
Yeah.
And just to, just to clarify too, you guys are not looking for like, so, so
my 4x bots are just one bot, um, that I'm probably never going to change.
It's just going to be that one bot that just keeps running forever.
Um, you guys are doing it a little differently where you're kind of doing
a few different bots and you're testing bots around too and things like that.
Correct.
Yeah, exactly.
And I mean, not to say good or bad about either of them, but there's
always the chance that any bot, and we've seen it, we've had one, we had a
bad 4x bot for half a second, um, and that we tested and we were like, no,
there's no way we're using this one.
Um, so that's the reason for this is we want to be able to adapt and change
to hopefully help the, the members.
Um, and sometimes that might mean taking, maybe this 4x bot is working
great right now, but maybe it starts not doing as well for us.
We will do what we need to do.
Um, and try and fix and flip that up and change that up.
So it gives us that flexibility, which is, yeah, I agree.
That's why, kind of why we're kind of keeping it at that.
Yep.
Nope.
Makes sense.
Um, do you know if Rabi wallet is compatible?
I don't even know what Rabi wallet is.
I don't know.
Why are you throwing me at it?
You're throwing both of us questions to stump us.
What's going on, Keith?
Yeah, man.
You just, Keith, we need to have you on to talk about wallets.
Um, let's see if I can.
Yeah.
I don't know if you can go back.
Cause you've attached it.
No, no, because I attached a wallet now.
Yeah.
Um, if you use, uh, wallet connect.
Yeah.
Which does I think do a lot of them.
Like that's kind of a multi one, if I'm not mistaken.
I haven't used it either.
Uh, and then obviously your general Meta mask.
Yep.
So wallet connect, we'll have a whole bunch of options.
I don't know.
I've not, don't remember seeing Rabi wallet in there.
Um, but worth, worth checking.
Yeah.
Um, is there a revert, uh, reserve fund if the bots have a bad week or month?
Yeah.
So they're trying to be pretty darn conservative to save that from happening.
Um, and so we've kind of, we haven't really hit that and we have hit like days
where I think it's kind of gone down by like point whatever, and then the next
day we might earn 0.3, but really we only pay a 0.29 or whatever.
Um, so again, right now it's been too early.
Cause our TBL is still pretty low where our exposure is pretty low.
We've just started kind of talking to people.
We haven't paid for any marketing.
That's not part of our gig.
Like we're pretty low cost, low, uh, everything so that it takes
a little longer for us to evolve.
Um, definitely not out of the foresight and I'm sure over time
we'll kind of build something.
Uh, but right now nothing is there that I'm aware of.
Okay.
Gotcha.
Um, and Pete says the Rabi wall is the new wallet from the bank and it's
a cool alternative to Meta mask.
It's much better, but not compatible with a lot of defy yet.
So, so there we go.
Look at that.
We all are new coming to the market.
Yeah, there you go.
Um, okay.
So back to the DAP here.
So, um, you have your deposit withdrawing.
It looks pretty simple.
You just withdraw from here.
You can also compound.
So you can have to choose.
So it kind of just collects on the side and then you choose.
Whenever, if you want to withdraw or compound, that's how it works.
Exactly.
The only, the only minimum is, uh, or the only caveat is a minimum $50 to
compound, um, for the same kind of reason as the two 50 minimum.
So you do need to build up a bit.
Uh, and like I said, I would hold on to a small earnings just to make sure.
So gotcha.
Um, then we had a question from Davis.
If I deposited my initial in BSC, then want to add via AVAX,
will it add to the same account?
Yeah.
So it's all kind of pulled in.
I, whether it's ends up being creating a separate bot or whatever, it doesn't
really, you don't need to like you're part of the pool no matter what.
So it doesn't matter if it creates a different bot or anything.
You're part of the pool as a whole.
Okay.
Gotcha.
Um, and then what would be an average percentage ROI for
iBots during the last, well, I guess since you've since November.
Yeah.
So we, we obviously, as you saw, when we looked at the calendar,
it was pretty low at first.
So we haven't really created a real average.
Uh, what we're aiming for is five to 15% a month, um, is kind of the idea.
Uh, and that's what our, our goal is.
And so far, since we've kind of gotten this new setup, the thing is we started
out with even a 1% to 15% a month.
Um, we've seemed to have gotten ourselves in there with the Forex ones,
but markets could shift, we could end up blowing up cause we make the right
decisions or we couldn't.
So it's really hard to say anything accurate or with a hundred percent
certainty.
Um, so we just try and give that, that ballpark and, and that's what they're
kind of aiming for and how we're running the bots.
And, uh, like I said, one of the weeks we, we had a really good week and we're
like, you know what, we're at 5%, Friday is supposed to be some news.
Let's turn it off.
And so we're just trying to, to really manage it in a really comfortable
and really, uh, transparent way.
Yep.
Nope.
Absolutely.
I'm in the same boat.
So everything you're saying, I feel for myself as well.
Um, next question.
So you can withdraw here.
Compound here.
Tell us about this debit card.
That's kind of interesting.
That's not something that I have.
Yeah.
And we haven't really seen, we've heard talk of it in the space, but we've
never really seen it come to fruition.
Uh, Hey, funny to her.
Um, so, um, but yeah, so we're, uh, they were able to hook this up,
which I thought was pretty awesome.
Uh, it's just another way for just like.
We're on, on ramping.
It's just another way to off ramp your earnings.
Uh, and basically you can load it up with whatever you want, even if you
wanted to, to pull some of your initial out, uh, you could do that and
put it and load it up into this card.
Uh, like anything, there are fees, so be cautious with it.
Um, and whether it's the right value for you, but it's just another option.
So yeah, so minimum 55 bucks to win max 500.
We may raise those down the road, but I guess there's some, it's, we're just
kind of testing it, I guess, for now.
Um, you don't actually really have to KYC or anything in here.
Um, pretty much just like the phone number, I believe, cause they'll have
to link it up to your, to your cause it's Apple and, um, um, Google pay.
So they'll have to link that up.
Cause it's a digital card on your phone that you basically tap at the store
with your phone, like you do with your possibly your own cards kind of thing.
Um, so just a really nice, unique feature that they were able to add
and, and gives us the opportunity to kind of just give people extra options,
uh, which I thought was really darn cool.
Okay.
Options for a real card down the road.
Uh, but really we're testing it out for now.
So.
Yeah.
Well, and like, I buy everything online, so, you know, I don't need
the physical card necessarily.
Um, but yeah, definitely, uh, definitely a cool feature that maybe
I'll get something like that added.
Hopefully you don't mind me stealing, you know, for, uh, for my Forex spots.
Uh, yeah, of course we're all rising tides, raise all the exactly.
No, we're all just helping each other out.
Anything we can do to make the space better.
That's all that matters really.
Yep.
Absolutely.
Okay.
Well, does anybody else, okay.
We do have a few more questions in the audience.
Um, and then pocket, if you have anything else you want to share that, I
think this is very straightforward.
I like this.
You know, I don't, AMA should not take an hour and a half to explain a project.
Like it really should be this easy deposit money.
It goes into bots.
You can withdraw or use the debit card to get it out.
It really should be that easy.
Uh, Dr.
J asks each following new deposit still needs to be a minimum of $250.
Is that correct?
Yes.
Anything you put in new, just so we can get it working for you right away.
It has to be two 50 for now, as time goes on.
Maybe again, as our TVL grows, maybe we can be more flexible with that stuff.
Uh, but for now that's kind of our minimum.
And then the compounding is 50.
Um, so yeah.
Okay.
Very good.
Um, and a leaf wants to know, James, did you fix the claim
function on your four X spot entity?
That's on my to-do list right after this AMA.
So, uh, I bots is ahead of me on getting money out of the protocol.
Um, for sure.
So no, if you want, if you want your money out right now, I bots is a better
option for you than, uh, than the four X spots.
Yeah.
And while you're looking for anything else, I do know a couple of things,
cause I do think a couple of notes that I wanted to make sure got mentioned.
Um, we have, and this isn't a marketing thing.
We just, at some point there possibly will be a TVL cap, uh, in the future.
Really?
That's just to make sure that we kind of, again, as we've always said,
we're very transparent and we're very cautious with how we're growing this.
Um, and that's why we're not paying for 50 YouTubers to go out and
chill like crazy and all that stuff.
So the idea is to possibly slow it down at one point, if it does
start going really, really well.
Uh, and really that's going to come in the proof is in the pudding
kind of thing as we get results.
Um, then there could be a TVL cap, uh, and it's going to be more of a.
Kind of a stopping point just to kind of make sure everything's going well,
make sure we're protecting our members and all that jazz.
Um, and as I said, already, no lock in period, all that jazz.
Um, and really we're just trying to be as transparent as we can with this one.
So, um, and we went through turning the bots off.
Yeah, that's about it.
Okay.
Very good.
Davis wants to know are all bots on one exchange or multiple exchanges?
That is a, I've found that that's a risk point.
You know, what exchanges you're on?
So what are, how are you guys approaching that?
So right now we are just, and again, our TVL small enough that right now it's
just with one, uh, Forex broker, I believe.
So it, because we're just doing the Forex right now, um, down the road,
I definitely do agree with you.
And it's something I've mentioned and we've talked about that obviously.
I, and that's part of that cap too, right.
Is to kind of create that, okay, what do we do from here and how
do we protect ourselves, but not make it too expensive and so on and so forth.
Um, so definitely something on, on the thought process.
Okay, very good.
Well, Hey, does anybody else in the audience have any questions?
Um, again, pocket one of my favorite people in the space.
And so, and I love this.
I like the, this project that there is a revenue source.
They're not paying a set amount.
Again, these are all things we've seen from Ponzi scheme.
So I'm like, here's my checklist of things.
I'm making sure there isn't.
There's not a guaranteed return.
They're paying out the actual returns that they're getting.
Um, I see how they're making money.
They're taking some fees for setting it all up, which is reasonable.
Um, so I mean, there's, this is the type of project that I'm looking for.
That's why we do an AMA.
So, um, if people have more questions, what's the best way to get in touch?
Uh, so obviously the discord, uh, it's probably the easiest, the team there is
amazing and like, truly, like I, I, as much as I moderate other discords and
I, I do get in there because I, I appreciate what they're doing and want
to help them out wherever I can as the, as a team member myself, but they, they
are, I'm out here just doing the talk and they're doing, they're in there
working that and they do a really, really good job, um, of communicating,
uh, along with me to make sure that everybody's in the know.
So that's the best place for sure.
Okay.
Very good.
Well, Hey, uh, thank you so much for hopping on audience.
Appreciate you guys very much.
Go check out iBots again, another way just to diversify between all
the, the, the different bots, which I think are, uh, as far as I've seen,
bots are kind of the, uh, yeah, they're, they're the thing that's working right
now for me, they're the thing that's making money that they're making
money consistently for people.
Um, so again, just a way to diversify into that.
Uh, and Justin, thank you first for all you do for the space as a whole.
Thank you.
What you do for me personally.
Um, and thanks for, uh, bringing iBots to us and talking through it with us.
My pleasure.
Thank you for hosting us.
Awesome guys.
Appreciate all you guys.
We will talk to you later.
Thanks so much.