Conversations with Josh Watkins | CEO of Minutes Network - Decentralizing Telecommunications!

00:49:06
https://www.youtube.com/watch?v=ASeEUjvXv6M

Resumo

TLDRIn this episode of Dad's Gone Crypto, Josh Watkins, CEO of Minutes Network, discusses the innovative approach his company is taking in the telecommunications industry by integrating blockchain technology. With a focus on increasing carrier profitability, Minutes Network eliminates intermediaries in call termination, allowing for lower costs and higher quality calls. Josh shares insights into the technology behind the network, including switch and validation nodes, and explains how the company plans to onboard millions of users through partnerships with existing applications. The conversation also touches on the company's tokenomics, community involvement, and future growth potential, positioning Minutes Network as a potential disruptor in the telecom space.

Conclusões

  • 🚀 Minutes Network aims to revolutionize telecommunications by leveraging blockchain technology.
  • 💰 The company increases carrier profitability by eliminating middlemen in call termination.
  • 📞 High-quality calls are ensured through validation nodes that monitor connection quality.
  • 📈 Minutes Network plans to onboard millions of users via partnerships with existing applications.
  • 🔗 The SDK integration allows for rapid user onboarding without traditional marketing costs.
  • 📊 The tokenomics model is deflationary, with 500 million tokens designed to reward participants.
  • 🌍 Minutes Network aims to capture a significant share of the global telecommunications market.
  • 🤝 Community involvement is encouraged to connect with potential carriers and applications.
  • 🔒 The company is working on securing patents to protect its proprietary technology.
  • 🌟 Josh envisions Minutes Network becoming the largest telecommunications operator by user base.

Linha do tempo

  • 00:00:00 - 00:05:00

    In this episode of Dad's Gone Crypto, the host welcomes Josh Watkins, CEO of Minutes Network, to discuss an innovative telecommunications project that leverages blockchain technology. Josh shares his extensive background in telecommunications and how it led to the creation of Minutes Network, which aims to disrupt the industry by enhancing carrier profitability.

  • 00:05:00 - 00:10:00

    Minutes Network focuses on the business market, providing a solution to increase carrier core profitability by eliminating middlemen in call connections. This approach allows carriers to retain more revenue from calls, as the company directly connects calls to end users, bypassing traditional intermediaries.

  • 00:10:00 - 00:15:00

    Josh explains the network topology of Minutes Network, detailing how calls are received from various carriers and processed through validation nodes to ensure quality before reaching the end user. The company utilizes a least cost routing table to maintain competitive pricing, ensuring they are always the top choice for carriers.

  • 00:15:00 - 00:20:00

    The discussion highlights how Minutes Network differentiates itself from competitors like World Mobile by focusing on voice telecommunications. Minutes Network provides lower costs for voice call terminations, which benefits applications that require voice services, thus creating a symbiotic relationship with World Mobile.

  • 00:20:00 - 00:25:00

    Josh elaborates on the technology behind Minutes Network, including the use of proprietary systems for call validation and termination. The company ensures call quality by conducting checks on bandwidth and latency, rejecting calls that do not meet quality standards, all within a rapid timeframe.

  • 00:25:00 - 00:30:00

    The conversation shifts to the decentralized nature of Minutes Network, with Josh explaining how nodes are hosted on decentralized servers. This structure enhances the network's resilience and security, while also allowing for scalability as more users are onboarded.

  • 00:30:00 - 00:35:00

    Josh discusses the company's tokenomics, including the total supply of 500 million tokens and the deflationary model in place. The success of the private sale, which was oversubscribed, indicates strong interest in the project and its potential for growth.

  • 00:35:00 - 00:49:06

    The episode concludes with Josh sharing insights on the future of Minutes Network, emphasizing their goal to capture a significant share of the telecommunications market by onboarding large applications and expanding their user base. The company aims to become a leading telecommunications operator globally, leveraging their unique technology and partnerships.

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Vídeo de perguntas e respostas

  • What is Minutes Network?

    Minutes Network is a telecommunications company that leverages blockchain technology to improve carrier profitability by eliminating middlemen in call termination.

  • How does Minutes Network ensure call quality?

    The network uses validation nodes to check bandwidth, latency, and connection quality before forwarding calls to ensure high-quality connections.

  • What is the role of switch and validation nodes?

    Switch nodes collect traffic from carriers and terminate calls, while validation nodes monitor network health and ensure call quality.

  • How does Minutes Network make money?

    The company collects 100% of the revenue from originating carriers by being the termination provider, thus bypassing traditional costs.

  • What is the significance of the SDK integration?

    Integrating the SDK into existing applications allows Minutes Network to onboard users quickly without traditional marketing costs.

  • What are the tokenomics of Minutes Network?

    Minutes Network has a deflationary token model with 500 million tokens, designed to reward network participants and support growth.

  • How can the community get involved?

    Community members can reach out to Minutes Network to connect with carriers or applications that could benefit from their services.

  • What is the future vision for Minutes Network?

    The company aims to become the largest telecommunications operator by user base, leveraging partnerships and innovative technology.

  • How does Minutes Network differ from traditional telecom companies?

    Minutes Network bypasses traditional telecom costs and regulations by using a proprietary model that connects calls directly to users' applications.

  • What is the expected user base growth?

    Minutes Network plans to onboard millions of users through partnerships with large applications, aiming for significant market penetration.

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  • 00:00:00
    welcome everybody to Dad's Gone crypto it's  an exciting episode especially for us because
  • 00:00:07
    uh there's an exciting project out there that's  potentially a disruptor in the industry and uh we
  • 00:00:13
    have Josh Watkins CEO of minutes um and he's going  to explain to us what his company's about how is
  • 00:00:21
    it changing the game in the telecommunication  space we talk about crypto projects then we're
  • 00:00:27
    talking about real world projects changing the  game and leveraging the blockchain technology
  • 00:00:32
    to take it to that next level Josh welcome to  Dad's Gone crypto we're very excited to have you
  • 00:00:39
    thank you very much for having me Sean Ryan it's a  pleasure to be here today great to have you thanks
  • 00:00:45
    fantastic so Josh tell us a little bit about your  background and how did it lead you to this point
  • 00:00:52
    in time where now you have a crypto company and  a real world business and you're merging the two
  • 00:00:58
    technologies tell us a bit about how you got here  today so I've spent the last 20 years engaged in
  • 00:01:05
    telecommunications activities we've been building  different types of switches we've been working on
  • 00:01:10
    different compressions for different codecs  extending the existing Voiceover IP protocol
  • 00:01:15
    we've worked with big names small names Niche  names Enterprises I mean we've practically
  • 00:01:20
    been all over the globe taking care of different  telecommunications operations uh it was a family
  • 00:01:26
    run business me and my brother Mickey we started  when uh well when I was very young and and Mickey
  • 00:01:31
    was younger um and and we've never looked back it  was something that was very um pleasing and and
  • 00:01:36
    to do and we have a lot of passion when it comes  to to telecommunications it's a it's a real live
  • 00:01:42
    model that allows you to sort of um get involved  with with some of the big names as long as you
  • 00:01:47
    know you have Innovative Technologies and you  have Solutions uh you know people in the industry
  • 00:01:52
    carriers especially the tier one sort of giants  out there they're looking to innovate consistently
  • 00:01:58
    they're always looking for new Solutions and ways  to adapt and and grow their own businesses and
  • 00:02:04
    and profit margins so it's it's a really exciting  business it's something that I'm very passionate
  • 00:02:09
    about and all of my knowledge over the last 20  years and and experience and connections have
  • 00:02:14
    sort of boiled into one company and and yeah I  mean here we are today minutes Network and we're
  • 00:02:20
    doing something very exciting and uh very very new  to the industry so I'm I'm pleased to be here yeah
  • 00:02:28
    thanks Josh it's great to have you on here so  can you give us um a breakdown of what minutes
  • 00:02:32
    network is in layman's terms so what we do our  primary focuses on the busino business market
  • 00:02:40
    and we're working on a solution that's live now  to reinvigorate carrier core profitability and
  • 00:02:46
    when we say core profitability it's all about  increasing the margin that we make um on on
  • 00:02:53
    carriers cors okay so right now if a carrier has a  a certain amount of customers those customers make
  • 00:02:59
    paid for telephone calls and usually what happens  is the paid for telephone call is connected
  • 00:03:04
    through a series of wholesale partners and  intermediaries in between it's you know the cool
  • 00:03:10
    destination and each one of those intermediaries  takes a cut on the co um on on the revenue made
  • 00:03:17
    in the call and um we we're increasing the profit  for the carrier by removing all of those middlemen
  • 00:03:25
    from the picture and terminating the call in a  brand new way w fantastic very cool do you have
  • 00:03:31
    uh like a visual or anything you could bring up to  kind of show that absolutely so we have a network
  • 00:03:36
    topology diagram here this is a very high level  diagram and as you can see we receive calls from
  • 00:03:44
    tier one carriers tier 2 carriers as well and  those calls are coming from the pstn the public
  • 00:03:50
    switching telephony Network and they are regular  telecommunication subscribers they're people who
  • 00:03:56
    pay a subscription every month for a SIM card  and they use that SIM card to make calls to
  • 00:04:01
    their family to their friends to businesses um to  to different you know different facilities that
  • 00:04:06
    are available to to to make calls to so what we do  is we onboard these companies and we do that in a
  • 00:04:13
    very special way um every single VI um provider  out there or um physical infrastructure provider
  • 00:04:21
    for telephony they have a rates list to their  destination so let's say that their customers make
  • 00:04:26
    a call to Algeria for example that that call has a  select rate in the market and they have something
  • 00:04:33
    called a least cost rooting table LCR and this  least cost routing table allows the carrier to
  • 00:04:40
    select the cheapest lowest cost route to the  customer's destination possible automatically
  • 00:04:46
    and it's selected by price and quality and the  lowest price carrier will be selected first to try
  • 00:04:53
    to make the customers call and complete it to the  recipient the LCR is a Solution that's been around
  • 00:05:01
    for a very long time and it allows c um carriers  to always try to maximize their profit margins on
  • 00:05:08
    all of their customers calls now minutes network  will always sit at the top of the LCR because of
  • 00:05:14
    our lowest cost model and we'll get into how we  provide the lowest cost very shortly so we attract
  • 00:05:21
    telephone companies to minutes Network by offering  a very low cost rate and we're able to do that
  • 00:05:27
    using our proprietary technology that we spent a  lot of the last five to six years uh working on
  • 00:05:33
    which is a combination of all of my experience in  the industry uh putting putting it to work so what
  • 00:05:39
    happens is these telephone companies they connect  with us they send a call to minutes Network
  • 00:05:44
    minutes Network receives the call on a carrier  level a carrier grade switch and the call is
  • 00:05:50
    forwarded to the validation nodes the validation  nodes are responsible to check the end point that
  • 00:05:58
    receives the call the call re recipient if the end  point and and we'll get into this very shortly if
  • 00:06:04
    the end point is in a sufficient coverage area and  the bandwidth is deemed to be you know appropriate
  • 00:06:12
    for that call to be delivered the call is then  forwarded um along to the switch nodes and the
  • 00:06:19
    switch nodes will make the call directly to the  end user bypassing all intermediaries all middle
  • 00:06:27
    wholesalers and this is how we select our cost  so we set our own cost at minutes Network price
  • 00:06:34
    per minute normally you know in the industry it's  build per minute um it's second Toc billing they
  • 00:06:41
    call it minutes as as you know far as terminology  goes in the industry and and we're able to set our
  • 00:06:46
    own price and we're able to do that because we  terminate the call directly to an end user we
  • 00:06:53
    don't tradition we don't use traditional uh Co  methodologies to actually terminate that call
  • 00:07:00
    we land the call on an existing application on  the user's telephone and in this way we we do
  • 00:07:08
    a whole uh load of different um things that allow  us to to be um extremely competitive with pricing
  • 00:07:15
    and we we're able to set our own price as I said  which gives the carrier more incentive to use us
  • 00:07:20
    to send the call so we collect all the volume from  the carrier top of the LCR with the lowest price
  • 00:07:25
    and all because we're Landing the call directly on  the user telephone via an existing application wow
  • 00:07:33
    incredible so Josh a follow-up question on that  right so you become a provider one of let's say
  • 00:07:39
    10 10 providers um so price is is is great and  you know telome Talco companies want to maximize
  • 00:07:47
    profits great but how do you ensure the quality  that that you on top of the list on price but
  • 00:07:54
    also on top of the list on quality of call to  that particular recipient so we use a special
  • 00:08:01
    technology that we've developed in house and it's  compatible with the switch nodes it's actually
  • 00:08:06
    part of the the technology that the switch and  validation nodes run and we do some bandwidth
  • 00:08:12
    checks we check latency we check the Jitter on  the line we check for um it's a it's a custom
  • 00:08:17
    call Signature and we do some benchmarking on  the end users's connection and if the validation
  • 00:08:23
    node deems that the connection is successfully  sufficient to make this call and the customer can
  • 00:08:28
    receive the call we go ahead and pass the call  forward to the customer if the validation node
  • 00:08:34
    deems that the internet connection of the end  user is not sufficient to terminate this call
  • 00:08:39
    and connect this call then we reject the call  along this line here and we send it back to the
  • 00:08:45
    telephone company where they rout it to the next  routing line in their least cost routing table
  • 00:08:52
    okay all right thus ensuring that you've always  giving and delivering a good quality call if not
  • 00:08:59
    it's gets passed back to the other operators  that's correct and all of that process happens
  • 00:09:04
    in under 200 milliseconds that's incredible so  Josh uh Ryan and I big fans obviously with the
  • 00:09:11
    world mobile we've we've been around for a while  you know trying to understand their play what are
  • 00:09:17
    they doing but how does World mobile traditionally  differ from what you are doing is it the same
  • 00:09:24
    did you just Branch off and and and focus in one  Niche area is there perhaps a correlation uh or a
  • 00:09:32
    Synergy of companies later on we're very symbiotic  to worldmobile we provide solutions that world
  • 00:09:39
    mobile need for their end customers World mobile  are connecting the unconnected they're providing
  • 00:09:45
    Data Solutions to those who don't currently have  internet and to areas that are just not covered
  • 00:09:50
    by existing telephony operators and at minutes  Network we're absolutely focused on The Voice
  • 00:09:57
    part of the industry and in the voice segment of  of telecommunications we are able to provide World
  • 00:10:04
    mobile with significantly lower costs on their  customers termination on the customers voice uh
  • 00:10:10
    calls that are originated from the network and  we're able to provide World mobile with a um
  • 00:10:15
    solution for their customers to make uh calls at  a much lower cost compared to competing operators
  • 00:10:22
    for example in the USA where World mobile own  spectrum and and licensed for an M um we're able
  • 00:11:29
    ation termination and they have a a flaw rate  let's say that's set by the competing operators
  • 00:11:36
    okay so in any Market there's a minimum rate that  can be charged in any country minutes networks
  • 00:11:42
    set their own rate we're able to create our own  rate because we own our own infrastructure and
  • 00:11:47
    we do not require licenses in the countries that  we want to terminate because in the majority of
  • 00:11:52
    countries voice over IP is not regulated now  we connect to the telecommunication carrier on
  • 00:12:00
    the protocol called sip session initiation  protocol it's an Enterprise level protocol
  • 00:12:06
    extremely compatible and you'll find that  most traditional Enterprises today probably
  • 00:12:11
    all traditional Enterprises today working in the  voice telecommunications field are are using sip
  • 00:12:17
    to terminate calls digitally so we're using a  sip switch to connect to our customers okay now
  • 00:12:25
    how does minutes make money from this and like do  the switch node and validator nodes play a role
  • 00:12:31
    in in all this and and is that how they earn yes  so what happens is the Telco sends us telephone
  • 00:12:39
    calls we connect those telephone calls to their  end recipient destinations via the switch nodes
  • 00:12:46
    with the valid the help of the validation nodes  in terms of um checking that the recipient is able
  • 00:12:51
    to receive the call and is online and you know  isn't at the uh the cafe with a weak internet
  • 00:12:56
    connection and because we're able to set our own  rates and because we we work with um we we work in
  • 00:13:03
    a brand new proprietary model for Co termination  then we're able to keep all of the revenue that
  • 00:13:10
    comes in from the carrier we are not riant upon a  terminating partner because normally in in a call
  • 00:13:16
    termination model you have the originator who  is making the call and you have the termination
  • 00:13:22
    partner who is terminating the call to its  recipient and in our model we do not require
  • 00:13:28
    we we have no requirement to pay the termination  provider because we are the termination provider
  • 00:13:33
    so we collect 100% of revenue from the originating  carer and we keep that revenue on board and it
  • 00:13:40
    becomes part of our sharing economy so Josh tell  me with regards to your notes you have switch inv
  • 00:13:46
    validators and those are are they are they truly  decentralized and is there a point in the system
  • 00:13:54
    that it can be hacked I know you're offering a  feature that that when you stake your tokens to
  • 00:14:00
    either 50,000 minutes or um 10,000 Minutes for the  validator that you guys will run the nodes on that
  • 00:14:07
    part is there a risk of it not being decentralized  or is it still decentralized and then also I'd
  • 00:14:15
    like to just understand a little bit of comparison  between the different uh the different competitors
  • 00:14:20
    out there sure so how it works is when we host  a node for our clients who stake for nodes we
  • 00:14:28
    are hosting them on decentralized servers such as  Earth nodes we've made a couple of Partnerships
  • 00:14:33
    with different decentralized node infrastructure  providers over the past couple of months and we
  • 00:14:39
    are using decentralized servers to actually host  the switch and validation nodes when we host them
  • 00:14:45
    when they are self-hosted I.E the the Staker  is hosting on his own server it's furthering
  • 00:14:52
    the decentralization of the network we are an  entirely decentralized Network and we do not rely
  • 00:14:57
    on a single point of presence or a single point  of installation there are no server Farms that
  • 00:15:03
    hold all of our infrastructure you know as I said  you can self poost or we can manage it for you and
  • 00:15:09
    just you know the Earth nodes are providing you  you asked earlier regarding World mobile the Earth
  • 00:15:14
    nodes are providing a further decentralization to  our Network by also being ran by different node
  • 00:15:21
    operators around the world in terms of competition  today we don't have any competition so the reason
  • 00:15:29
    for that is because we're using this proprietary  technology that we've invented at minutes Network
  • 00:15:34
    and we're able to control the cost of the call  and we're able to land the call directly onto
  • 00:15:39
    the recipient's telephone via an embedded existing  application on the user's telephone so that could
  • 00:15:46
    be a finance app that could be a fitness app that  could be any type of app that you can think of
  • 00:15:52
    that would like to make an additional Revenue  stream we provide applications with a brand new
  • 00:15:56
    Revenue stream it's an incremental Revenue stream  and it's non-disruptive to the users's experience
  • 00:16:02
    we don't add popups we don't add annoying  buttons we don't have a there's no dialer on
  • 00:16:07
    the application the only thing the user actually  sees is when his you know when his friend or when
  • 00:16:13
    his colleague or or when a call comes into his  phone from minutes Network he receives a standard
  • 00:16:18
    Android um incoming call screen he can answer the  call he can reject the call he has all of the same
  • 00:16:24
    features to you'll see today when you receive a  call um and and you know through this we're able
  • 00:16:29
    to set our own rates on on termination obviously  we incentivize the partnering application Provider
  • 00:16:37
    by offering them a revenue share this is prior  to the net revenues being on boarded and used for
  • 00:16:43
    the token BuyBacks now as you can see here on the  screen we have a comparison chart comparing us to
  • 00:16:51
    to people who are also running telecommunications  operations in the industry um you have WhatsApp as
  • 00:16:56
    an example WhatsApp appeared to appear you are  required to install WhatsApp on your telephone
  • 00:17:03
    and the recipient of the call must have WhatsApp  on their telephone and they do not allow calling
  • 00:17:09
    outside of the application minutes network does  not operate in the free calling industry we are
  • 00:17:14
    not a peer-to-peer solution we're a hybrid pstn  public switching telephony Network solution um
  • 00:17:21
    to Pier so we PS end top it's a new model as  I've said and and in this hybrid solution we're
  • 00:17:28
    collecting tools from the traditional networks  and we're terminating them on data networks and
  • 00:17:34
    here you have some of the differences between our  Network and existing companies in the industry all
  • 00:17:41
    right Josh would you mind just sharing some some  information regarding the white paper uh just
  • 00:17:46
    to elaborate more on the minutes Network sure so  the white paper is set to be released around the
  • 00:17:53
    launch of the tge or the public sale um here here  are some takeouts and insights into what's going
  • 00:17:59
    to to be inside the white paper we have instant  Network creation because when we onboard an
  • 00:18:05
    application the Implement and embed our SDK within  the application in just a couple of lines of code
  • 00:18:12
    their entire existing user base becomes reachable  and accessible to minutes Network allowing us
  • 00:18:18
    to instantly form a private telecommunications  network from existing customers you will find more
  • 00:18:26
    information about this in the white paper under  the label mrgl it stands for Minch rapid growth
  • 00:18:31
    library and it's all about how we grow our user  base instantly we also have passive seamless Mass
  • 00:18:39
    blockchain adoption we announced a a small piece  on this very recently on our socials and what you
  • 00:18:46
    know be because we reward all Network participants  we reward stakers we reward callers and Calles
  • 00:18:53
    when we reward the caller and call E we create  a wallet for them a web free compatible wallets
  • 00:19:00
    and they're able to claim their rewards from our  website once they reach a certain threshold and
  • 00:19:06
    obviously what that does by by in in creating the  wallet for these callers and Calles on our on our
  • 00:19:14
    Network on on the web free you know on on the web  free um Network it allows people to access a web
  • 00:19:21
    three wallet with rewards that are already housed  in that wallet and we'll be creating hundreds
  • 00:19:27
    of millions of Wallets on our select blockchain  every year we have the commoditized monetization
  • 00:19:33
    platform we are dealing with a commodity here  Voiceover IP telecommunications the industry is
  • 00:19:39
    a is a is regarded as a commodity and each minute  that passes is is paid for and these you know
  • 00:19:46
    these minutes are being paid for by billion  doll corporations that have been around for
  • 00:19:51
    the last 20 25 years we are fueled by tier one  carriers those carriers are driving the traffic
  • 00:19:58
    to the net networ they're collecting traffic from  retail users from call centers from all different
  • 00:20:04
    you know various types of um operations that have  existed for a long time and and we're using those
  • 00:20:10
    uh carriers to to buy these minutes and and the  minutes are fueling our sharing economy we don't
  • 00:20:18
    require consumer marketing now this is where it  gets a bit interesting uh regarding our our build
  • 00:20:24
    um we are the only telop carrier to date in in the  world that does not require marketing to attract
  • 00:20:31
    and onboard customers we onboard customers in Mass  by including our SDK in existing applications so
  • 00:20:41
    let's take a fintech application for an example  if a fintech application let's not say any names
  • 00:20:47
    right now has 10 million users they incorporate  the SDK within the application and all of those
  • 00:20:53
    10 million users as they update on the Play  Store they become reachable to its network
  • 00:20:59
    with no advertising cost so we're able to you  know grow our Network um millions of users per
  • 00:21:06
    installation of our SDK in applications cell yeah  thank you very much so so your your marketing
  • 00:21:15
    you're basically going out and selling this to  the carriers rather than to the direct consumers
  • 00:21:21
    that's correct we're selling to the carriers and  we we unlike traditional carriers we're not aiming
  • 00:21:27
    to collect customers as a carrier we are simply  collecting car customers in Mass by onboarding
  • 00:21:36
    entire user bases that are integrating our SDK  Josh you mentioned Android and all the Apple
  • 00:21:43
    people are bu he cringing in their seats when when  Apple yeah um we're looking into Apple the API is
  • 00:21:52
    a little bit different they you know they work a  little bit differently we're looking into it but
  • 00:21:56
    we're going to onboard Android um user users first  we have some very very large Partnerships uh one
  • 00:22:03
    of our primary you know Partnerships that we've  made has more than a billion users we've signed
  • 00:22:08
    an exclusivity deal with that application I won't  mention it today the name of the application will
  • 00:22:13
    be released closer to the public sale and we  have a five-year exclusivity contract with that
  • 00:22:19
    application so we've already covered a big part  of the globe in terms of onboarding users and
  • 00:22:25
    we're in talks with different applications today  uh multiple top 10 top 20 applications from the
  • 00:22:31
    charts exciting news ahead all right yeah justos  Tommy let's move on to a little bit of tokenomics
  • 00:22:41
    now we we know that you can't say much because  you're the head of the organization but from a
  • 00:22:47
    high level point of view can you explain to  to our audience you know how did you come up
  • 00:22:53
    with your tokenomics and how did you get to the  point of let's say 500 million tokens so what
  • 00:22:59
    what was the the idea behind setting up your  because there there's there's models there's
  • 00:23:03
    models that allow for different growth different  demands different needs how did you come up with
  • 00:23:08
    yours we were recommended our tokenomics by  a company called 01 based in Dubai Yim gdop
  • 00:23:17
    also designed the tokenomics for World mobile  we are a deflationary token with a algorithmic
  • 00:23:23
    burn in place and we chose the number 500 million  because it's adequately substantial um in in terms
  • 00:23:30
    of uh what we need to reward all of our Network  participants and what we need to run our Network
  • 00:23:37
    we didn't want to have too many tokens and we  didn't want to have too little tokens so there
  • 00:23:41
    were some algorithms and calculations that were  made regarding the amount of calls we're going to
  • 00:23:46
    be making each year at scale and regarding what  people in the industry today are are currently
  • 00:23:53
    appreciating and and that's where we've included  the deflation there is no inflation in our token
  • 00:24:00
    and we are um algorithmically burning each  time we distribute rewards so you guys just
  • 00:24:08
    uh finished up your private sale round I believe  and um you had a huge success in there uh from
  • 00:24:15
    what I've seen it looks like you guys were over  600% over subscribed in your uh in your private
  • 00:24:20
    sale uh rounds um can you tell how how does that  impact your tokenomics at all and does it at all
  • 00:24:27
    um being that you're over sub described in the  private sale we cut the private sale as soon
  • 00:24:32
    as we'd sold the 12 a half million tokens that are  assigned in our tokenomics to the Private Sales so
  • 00:24:39
    it doesn't affect the tokenomics we were greatly  um we we were very happy with the result with the
  • 00:24:45
    quick closure of the sale um I think it closed in  in a matter of hours that the money was raised and
  • 00:24:51
    it was raised by two internal communities and a  couple of members of of the public as well as um
  • 00:24:59
    private sort of individuals that came in prior  to the announcement in those communities it was
  • 00:25:03
    closed very quick and we were super super excited  at the response and the sentiment that we received
  • 00:25:10
    when we hosted a couple of internal amas um very  nice words being exchanged and and yeah we were we
  • 00:25:16
    were honored to to be in the position we we were  in or we are in oh that's great so obviously then
  • 00:25:22
    so when you say you're 600% oversubscribed  you obviously didn't allow though they got
  • 00:25:27
    cut off at your tokenomics limit and the the rest  unfortunately just didn't make it in correct and
  • 00:25:33
    maybe they're going to get into the next rounds  the public and whatnot that's correct so we're
  • 00:25:38
    receiving still today numerous emails regarding  reservations of switch nodes and getting into the
  • 00:25:43
    private sale and we always use the same reply that  the head of token sends the reply you know we're
  • 00:25:49
    very sorry we we're currently closed in terms of  private sale but you can join us in the public
  • 00:25:54
    round by registering on our website for the uh TG  White oh that's fantastic congrats on that success
  • 00:26:02
    there yeah congratulations thank you SE all right  so Josh we moving on to nodes and rewards there's
  • 00:26:09
    been a lot of chatter about it and excitement now  that some of the the private investors have got
  • 00:26:14
    their their validators and their switches the  next question is of course you know like what
  • 00:26:20
    happens you know what is the potential of these  these little babies um but before we get there
  • 00:26:26
    can you just go over what is the the validator  what is the switch node absolutely so the switch
  • 00:26:33
    node collects traffic from the public traditional  telephone carriers like the tier ones we talked
  • 00:26:38
    about earlier and the switch node then takes them  the call further into our Network and terminates
  • 00:26:45
    the call with the help of the validation node  onto the remote receiving application so you
  • 00:26:52
    know we we take a call we onboard it into the  network and we pass it to the recipient user
  • 00:26:59
    who's running a compatible application that is  already integrated into minutes Network and it's
  • 00:27:05
    scalable infrastructure providing a seamless  connection it's it's a passive connection we
  • 00:27:10
    can handle millions of telephone calls per day  per node we produce live analytics and metrics
  • 00:27:16
    that are available in the state's control panel  it's powered by custom zp architecture that we've
  • 00:27:22
    built internally and extended uh the Sip protocol  internally um it follows RFC so it's very highly
  • 00:27:30
    compatible with existing Enterprise infrastructure  the configuration is automatic we provide a wizard
  • 00:27:35
    and installation wizard there are no expertise  required for installation and we provide a GUI
  • 00:27:42
    a graphical user interface for um the user the  Staker to actually manage and monitor what's
  • 00:27:48
    happening on his node and it's all powered by  Cloud infrastructure um selfhosted infrastructure
  • 00:27:54
    and the Earth nodes from World mobile amongst some  other de centralized node providers okay and if we
  • 00:28:00
    can talk about the the switch the validation  nodes here yep again they are automatically
  • 00:28:06
    configured the validation nodes are assisting the  switch nodes in the connections of calls they do
  • 00:28:11
    not allow calls to be connected where the quality  will be less than our threshold and and Benchmark
  • 00:28:17
    um they continuously monitor the Network's health  and integrity and they are consistently talking
  • 00:28:23
    to the end users and internal Network to validate  the health and status and and integrity of the the
  • 00:28:30
    network and um they're performing live analysis to  ensure that the network is running at an optimal
  • 00:28:38
    um an optimal situation at all times and and these  are the validation nodes they're responsible for
  • 00:28:44
    maintaining the network and the quality of the  calls passed over the network and and all of this
  • 00:28:50
    is built it's it's live it's working it's kind  of it's kind of hard it's traditional crypto it's
  • 00:28:56
    kind of like I've got an idea let's raise for  it let's uh build and then it takes like 13 to
  • 00:29:02
    15 years to to come up with a plausible project  um you guys have done something different where
  • 00:29:09
    you've come to Market where it's built and and  that's why we get we also get a lot of questions
  • 00:29:14
    like how is it built how is it working this seems  a bit uh it seems a bit too good to be true uh
  • 00:29:21
    so all of this what you just mentioned now is La  it's working and it gives feedback yeah the entire
  • 00:29:27
    network is functional today we have more than  50,000 users on boarded running in Bangladesh
  • 00:29:33
    and we're consistently uh looking at uh scaling  the network with our partners before the end of
  • 00:29:38
    Q2 we'll have 20 million users on board with  our first large application partner who uh I
  • 00:29:44
    mentioned earlier the name will be exposed closer  to the public sale and our you you can check out
  • 00:29:49
    our Network Explorer at explorer. minutes  Network token.io and it gives some insight
  • 00:29:55
    into what's happening on the network where the  customers are receiving calls how many calls
  • 00:29:58
    we're processing and as we go along and get closer  to the public sale more and more of those features
  • 00:30:05
    on the dashboard will become available and and  highlighted right now we're using an internal
  • 00:30:10
    blockchain an internal node structure uh for our  testing but everything is working flawlessly and
  • 00:30:16
    we're very excited for the big launch um the  the uh onboarding of these 20 million users
  • 00:30:23
    W yeah we're really excited about it too so going  back to the nodes you just recently finished your
  • 00:30:29
    private sale and your uh node reservation round  if I or early node reservation round if I'm not
  • 00:30:34
    mistaken okay and in those rounds in order to  reserve those nodes you needed 50,000 MNT tokens
  • 00:30:42
    to reserve a switch node and 10,000 MNT tokens to  reserve the validator node is that correct that's
  • 00:30:50
    correct yes and we gave a discount in the early  node reservation round and um as I as as with the
  • 00:30:57
    private sale it was uh over subscribed it was  sold out very very quickly massive demand and
  • 00:31:03
    uh you know we we're just about to start tier  one advertising which is going to be very very
  • 00:31:08
    exciting for our Network's growth wow yeah we  can't wait so with those numbers in mind uh one
  • 00:31:15
    question we kept getting asked was are you able  to overstake so like are you able to overstake if
  • 00:31:21
    it's if it's just 50,000 tokens in a switch node  or can you put 60,000 tokens in and if if if so
  • 00:31:29
    um do you earn more rewards based on how how much  you're staking to it you can overstake per node
  • 00:31:35
    we do not support delegation you're either an O  node owner a node Staker or you're not um but you
  • 00:31:42
    can overstate per node we have some Network um  algorithm for for Decay so that the people who
  • 00:31:48
    are massively overstating I mean there'll be an  announcement on all of this coming very shortly
  • 00:31:53
    and a deep dive into the tokenomics at minutes  Network token okay and Josh why don't you allow
  • 00:32:00
    for delegation we don't allow for delegation as  per our recommendation from our um uh tokenomics
  • 00:32:09
    providers okay okay all right so someone that  did not get into a node they would not be able
  • 00:32:14
    to take their tokens and say hey degon crypto  nodes uh we can delegate our or or stake our
  • 00:32:21
    tokens on your nodes um and share the rewards  so that's not allowed you can do that privately
  • 00:32:28
    and we wouldn't have a a problem with that the  network if you were to do that privately but we
  • 00:32:33
    don't offer architecture that supports this  got it basically you're receiving a staking
  • 00:32:39
    Roi uh when when you own one of these nodes and  you're staking your tokens to the node so will
  • 00:32:44
    this be based only on the data Burn System or  are you offering a standard apy also so the apy
  • 00:32:52
    is dynamically calculated it's calculated by the  amount of applications that are driving revenue on
  • 00:32:58
    the network and the amount of carriers that are  driving revenue on the network so what happens
  • 00:33:03
    is the more applications we add the more users  we have in the network the more people we can
  • 00:33:08
    reach the more carriers we add the more telephone  call volume that we receive from the carriers and
  • 00:33:14
    the larger re the revenues are produced so when  there's more Revenue being produced all of the
  • 00:33:21
    net revenue at minutes network is on boarded into  the secondary or open market and we use that net
  • 00:33:27
    revenue to buyback tokens from the market which  is going to cause significant buy pressure and
  • 00:33:32
    it will also cause um the the reward to to be um  enlarged for the network participants therefore
  • 00:33:40
    the apy is truly Dynamic and driven by Network  performance and network success excellent with
  • 00:33:47
    regards to the nodes right um what what type of  rewards could now it's based on performance sure
  • 00:33:56
    um is there an is there a understanding of what  these what the node operators could look forward
  • 00:34:03
    to um in owning one as the network on boards more  users let's say a million users 10 million users
  • 00:34:10
    billion users is there a sort of algorithm that's  that you can maybe share with us there's some
  • 00:34:16
    napkin math out there amongst communities people  have made their own mathematics I was delighted
  • 00:34:21
    to to have a look at them and some of them are  not far off um the rates diff the differentiated
  • 00:34:27
    between countries some some telephone calls  connect at a dollar per minute you know you
  • 00:34:31
    have the papa new Guin the Algeria the maroccos  um where it's a very high price per minute and
  • 00:34:38
    then you have the countries like USA where the  minute price is very low uh obviously volume has
  • 00:34:43
    a has a significant effect on that too so it's a  calculation between volume inbound of telephone
  • 00:34:50
    calls ability to reach recipients via applications  on boarded and the rate of the telephone calls
  • 00:34:57
    in the countries that we are currently  operating we're going to be starting with
  • 00:35:01
    Bangladesh Philippines Morocco uh Algeria India  and the United States as well and we're looking
  • 00:35:10
    at Glo providing Global coverage more the more  applications we on board the more countries we
  • 00:35:15
    can cover and we're looking at Niche applications  in select countries where the rate is is very
  • 00:35:21
    high and we're also looking at applications where  there are lots of people in countries like Nigeria
  • 00:35:27
    Pakistan so that you have a large amount of volume  and it doesn't really matter um so much about the
  • 00:35:33
    rate because the volume makes up for it so so I  can't give you any math on that but if you explore
  • 00:35:39
    the communities that that are sort of involved  you will find some different what they call
  • 00:35:44
    napkin mathematics on on this question so now you  have a a whole bunch of people out there that did
  • 00:35:51
    not get a node and they are stressing because now  they they they running these napkin mathematics
  • 00:35:57
    their heads what is the algorithm that you guys  have put in place so let's say you've sold your
  • 00:36:03
    private round you've sold your pre-sale now you're  going to public now I'm in public and I didn't get
  • 00:36:08
    a validator and I didn't get a switch and I'm  I've bought 10,000 tokens right for a validator
  • 00:36:16
    how do I fit in the ranking system to get because  I'm not guaranteed a node right so how does that
  • 00:36:22
    work and let's say a node operator that bought  in the private sale says well I don't want this
  • 00:36:30
    anymore and he un Stakes his token and sells it  one becomes available do you have a system that
  • 00:36:36
    says sha is 223rd on the list and Ryan is second  on the list to getting that node I just want to
  • 00:36:44
    know which tires I have to slash after hours so we  have not released all of the uh nodes in the early
  • 00:36:51
    staking realm we've released 300 switch nodes  and 300 validation nodes so there are nodes left
  • 00:36:57
    to be reserved in the public round it is first  come first served as you make your reservation
  • 00:37:03
    purchase your tokens you know make your place your  order for for a switch node or validation node you
  • 00:37:08
    will be entered into a tiered list and depending  at which point you entered that list depending
  • 00:37:13
    obviously whether you actually get a node or not  now as people unstake their nodes on the network
  • 00:37:19
    which is the inevitable um you you will get some  people that would like to to capitalize on their
  • 00:37:25
    their sort of gains early and as they capitalize  on their gains nodes will become available on
  • 00:37:30
    the network and as nodes become available on the  network we have an automated system um connected
  • 00:37:36
    to Twitter that tells you okay today three nodes  are available minutes Network you know you can now
  • 00:37:42
    enter your panel and you can quickly go and state  for one of those nodes and as soon as nodes become
  • 00:37:47
    available we have an automatic announcement um to  to Enlighten the community as to the opportunity
  • 00:37:55
    thus making sure that guys hold on to to their  tokens for that potential opportunity and the
  • 00:38:00
    rewards of that node very cool it's just the way  that we've selected to do it we haven't seen it
  • 00:38:05
    done elsewhere like this in in the industry but  it's it's something that we we felt would be
  • 00:38:10
    a nice way to do this yeah it's very interesting  moving along to the future of minutes Josh can you
  • 00:38:17
    if you had a crystal ball 3 to 5 years from now  where do you see minutes in the space we're going
  • 00:38:25
    to take a large part of the telecommunications  volume all of those paid for calls are are going
  • 00:38:32
    to land on our platform um we'll take as much of  the of the paid for calling industry as we can
  • 00:38:38
    as quickly as we can we're locking applications  into an exclusivity agreement for at least five
  • 00:38:44
    years and I think in a couple of years time  we'll be looking at some significant revenues
  • 00:38:50
    so you're locking people up for about 5 years  can can another crypto project just come in
  • 00:38:55
    and copy what you're doing and and price you out  of the market after that 5 years we're looking
  • 00:39:01
    right now at securing several patents with our  lawyers and after the 5year period has ended or
  • 00:39:07
    just before we're going to reapo the applications  that we're working with to further the exclusivity
  • 00:39:12
    deals in place we will also not be out priced  um because we will simply reduce our price if
  • 00:39:19
    needs be after the 5year period um you have to  take companies like uber as an example um Uber
  • 00:39:26
    came to the market was something fantastic they  decentralized or redistributed part of the taxi
  • 00:39:32
    industry and um what what happened was people  released applications like Get Taxi my taxi all
  • 00:39:39
    different types of mini Ubers but being a first  mover in the market has its advantage and as it
  • 00:39:46
    stands today we are the first mover in the market  and we've already secured more than 10% of the
  • 00:39:52
    population uh on the planet so we will continue to  secure um more appliations providing a a growing
  • 00:39:59
    percentage of of the population being locked into  to our Network and reachable Via our Network um as
  • 00:40:06
    I said previously we are in talks with some  of the largest applications in the world um
  • 00:40:12
    actively and we are looking to further monetize  their user bases when you look at it today they
  • 00:40:18
    have um advertisements video advertisements  standard popups they have premium purchases
  • 00:40:24
    within applications the subscription models and  PID four applications um they are most of the ad
  • 00:40:31
    you know types of monetization models that exist  for an application today we're bringing a brand
  • 00:40:36
    new monetization stream to these applications  and it's a it's producing significant Revenue
  • 00:40:42
    so the applications we're getting a brilliant  response when we approach them the larger the
  • 00:40:48
    user base the more money they can make it's very  black and white and uh we we have all of these you
  • 00:40:54
    know large carriers that we're interconnected with  amongst a panel of our partner interconnections
  • 00:41:00
    like IDT they deal with billions of dollars of  traffic each year um there are many more carriers
  • 00:41:07
    that we're interconnected with on our website uh  and and they're aggregating large volumes for us
  • 00:41:12
    so so we provide an attractive opportunity for  these applications and we expect to onboard a
  • 00:41:18
    huge percentage of the world into our private  telop network over the coming months ahead Josh
  • 00:41:24
    I'd like to just ask a question maybe it should  been asked earlier but just listening to you so
  • 00:41:30
    the traditional way of how telecommunications uses  these uh these these these secondary companies
  • 00:41:38
    or or how can I say um uh subsidiary companies is  that they help to connect those calls and there's
  • 00:41:45
    a fee that is charged um then you get onto this  list that list depending on your rate and your
  • 00:41:50
    quality will move you up and down this list now  you're talking about a particular app and going
  • 00:41:55
    through um app compan ianes which technically does  it allow you to bypass the the the traditional
  • 00:42:02
    telecommunications because you're using those  companies um as a um as an opportunity to leverage
  • 00:42:10
    their Network to offer your services or do you  still need that connectivity with the Talco um
  • 00:42:17
    or are there two separate models no it's exactly  as you said Sean we are leveraging the existing
  • 00:42:23
    networks provided by applications to land our  telephone calls Direct directly on the recipient's
  • 00:42:28
    telephone bypassing all traditional costs uh that  the traditional telephoning operators are paying
  • 00:42:34
    bypassing all licensing all regulation and we  are absolutely cutting out all middlemen in the
  • 00:42:41
    equation ensuring that minuts Network are taking  100% of the revenue from the originating carrier
  • 00:42:47
    for the calls that they send us and in doing  so they cannot technically shut down let's say
  • 00:42:53
    a WeChat or a you know a fintech appc they can't  stop you from operating based on your technology
  • 00:43:00
    because you integrated within the platform is  that correct that's correct the we we're working
  • 00:43:05
    very closely with Regulators we onboarded Nissa  pel she's had 30 years experience plus at the
  • 00:43:11
    itu she's now the current regulator in Sam Pacific  island and we're very closely working with the itu
  • 00:43:19
    and and Regulators um by the way I should mention  Nissa is on boarded as a strategic advisor in in
  • 00:43:25
    the in the company she's not paid she onboarded  herself um because she liked the product and what
  • 00:43:31
    we're doing we're actually solving a big issue in  the OT Market governments can't tax Ott providers
  • 00:43:37
    like WhatsApp um and and there's more to that  we'll be releasing some information on our b2g
  • 00:43:42
    offerings in the in in the near future um however  the The Regulators really like what we're doing
  • 00:43:48
    and the the the um Regulators accept us we we  don't need any regulation because we're using
  • 00:43:54
    an extension to the voice over IP protocol calls  and we do not require licensing to operate we
  • 00:44:00
    abide and fall within all of the the rules and you  know we fall within all of the laws um that that
  • 00:44:06
    allow us to to operate this um new proprietary  model of hybrid uh telecommunications exciting
  • 00:44:15
    yeah very exciting the one thing that really  stood out to me um of your last few statements
  • 00:44:20
    there was the fact that you've already locked  up over 10% of the world's population that's uh
  • 00:44:28
    that's an insane stat like I I had to go back  to it because that just blew my mind when you
  • 00:44:34
    said that obviously you know I mean you said yeah  you've got 1.2 billion coming on board but it's
  • 00:44:39
    just when you think about the fact that that's  over 10% of the world population and you guys as
  • 00:44:45
    far as crypto goes you haven't even launched yet  that's that's absolutely amazing well as I said
  • 00:44:51
    thank you very much Ryan we're going to be driving  Mass adoption uh for for web free Technologies and
  • 00:44:57
    we will become we are set to become and will  become the largest telecommunications operator
  • 00:45:02
    in the world by user base so so just to put  that in perspective China Mobile today have
  • 00:45:08
    850 million users accessible on their Network um  and and with our first application on boarding we
  • 00:45:14
    have 1.2 billion users becoming available on our  Network moving forward we we will on board you
  • 00:45:21
    know countless applications which will grow that  statistic tremendously in the near future very
  • 00:45:27
    excited to do so wow that is that's amazing  So speaking of the near future do you have
  • 00:45:33
    any uh Alpha that you can drop on our community  here we have something called the unity node uh
  • 00:45:40
    you don't pay for the unity node you don't stake  for the unity node but it sits on your desk on an
  • 00:45:45
    Android telephone and it generates cryptocurrency  for you from home as part of the decentralized
  • 00:45:50
    Telecommunications initiative that we're rolling  out and you can find more information about that
  • 00:45:56
    um very very soon and and we're doing that  in partnership with World mobile and uh and
  • 00:46:01
    and minutes Network it's it's a fantastic product  the world is yet to see anything like we're we're
  • 00:46:07
    about to release very shortly wow amazing Josh  and the important thing is how so you get the
  • 00:46:17
    guys that are invested in the into the project you  get the guys that are excited the guys that want
  • 00:46:21
    to buy tokens to flip that's all cool but how do  you get how can a community get involved to help
  • 00:46:29
    you guys grow more so it's important to say like  everybody's got a connection somewhere right and
  • 00:46:35
    how would that person um reach out to you guys  in order to help you grow where you need to be
  • 00:46:42
    where do you where would they look at what would  they look for in helping minutes grow to a monster
  • 00:46:49
    of a company so anybody in the community um Can  can reach out to us via the our socials or via
  • 00:46:57
    inquiries at minutes network.i and you can bring  telephone carriers we appreciate more telephone
  • 00:47:03
    carriers you if you have an application or you  have a friend that has an application that would
  • 00:47:07
    like to further monetize his user base you can  bring that application to us and we have a website
  • 00:47:12
    apps.in network.i anybody can sign up with their  application and we're very grateful for those uh
  • 00:47:19
    applications and carriers so if anybody in the  community anybody watching this has um a carrier
  • 00:47:25
    in mind or a friend who works with a carrier um or  or a friend who owns or works with an application
  • 00:47:30
    we would love to hear from you and we would love  to help uh grow your your monetization um or or
  • 00:47:36
    improve your carriers profitability and and in  turn you'll be helping us scale our Network so so
  • 00:47:41
    we welcome those people fantastic all right dad's  gone crypto community and those who are watching
  • 00:47:48
    from other communities just understand that this  could be a disruptor for the Telecommunications
  • 00:47:54
    Company um and when it unveils itself it could  be that next thing that you wish you got into
  • 00:48:02
    so do your own home do your own research go and  check out minutes go read up on the Technologies
  • 00:48:08
    um it's it was an absolute pleasure having you  on the show Josh and myself and Ryan or or giddy
  • 00:48:15
    because we we've been learning a lot about the  Telco space thanks to W mobile and now we're
  • 00:48:19
    even more excited in the space of what what the  possibilities are and the proprietary software
  • 00:48:26
    and the that you've basically shared with us  today we thank you very much for your time and
  • 00:48:30
    we wish you all the best for your future success  thank you so much for having me Sean Ryan it's
  • 00:48:36
    been a pleasure to be here today and I look  forward to our next session thanks a lot Josh
  • 00:48:41
    great talking to thank you ciao the material and  information presented in this recording are for
  • 00:48:49
    entertainment purposes only do not misconstrue  what you hear as investment or trading advice
  • 00:48:55
    always do your own research the views thoughts  and opinions expressed by the guests on this
  • 00:48:59
    recording are their own and do not necessarily  reflect those of Dad's Gone crypto or its hosts
Etiquetas
  • telecommunications
  • blockchain
  • crypto
  • Minutes Network
  • call termination
  • carrier profitability
  • validation nodes
  • SDK integration
  • tokenomics
  • disruptor