Empowering Web3 with Swarms 3.0, Transaction Validator Tools, and Strategic DeFi Education for Enhanced Ecosystem Interactivity
Short summary (1min read):
NovaCrypto’s Antelope Swiss Workshop #24 and EOS Bees update #10, featuring CEO Jesse Jaffe, introduced Swarms 3.0, enhancing user interactions with AI-generated content. It emphasized an engagement strategy balancing likes, retweets, and comments. The workshop announced the Transaction Validator Tool (TVT) to verify Web3 transactions and educate users on DeFi and crypto basics, aiming to integrate the EOS and Antelope ecosystems. Expanding TVT to other networks and paying bees in project-specific tokens were key topics. The initiative focuses on blockchain expansion, educational surveys, liquidity contribution, and platform interoperability, marking a strategic approach to foster the EOS ecosystem's growth and user engagement.
Full summary (7min read):
👥 Introduction
An introduction to NovaCrypto’s Antelope Swiss Workshop #24 and EOS Bees update #10 is given, featuring Jesse Jaffe, the CEO.
💡 Swarms 3.0 reminder
A reminder on Swarms 3.0 is discussed, highlighting its release a couple of months prior and its features allowing users to separate out likes, shares, and comments. Users can either generate comments using their own mind and/or AI, and the Bees will post these comments.
🎯 Important Ratios
It's mentioned that the system has been solidifying and improving since its release. A key learning shared is the ideal ratio for engagement: for every 5 to 10 likes, there should be one retweet, with comments being even less frequent, suggesting a guideline for users on engagement strategies.
📣 Promotional Strategies
Promotional strategies for Antelope Swiss Workshop include using Swarms for announcements and converting podcast summaries into MP3s, enhancing audience engagement and content access.
🛠 Tool Development
A new initiative is announced: the development of a Transaction Validator Tool (TVT), designed to verify in bulk whether the Bees completed an on-chain transaction. This tool aims to facilitate Web3 transactions, providing value and compensation in crypto, which requires additional tooling for implementation.
🌐 Blockchain Expansion
The discussion pivots to expanding the TVT’s capabilities beyond the EOS native chain, considering other networks within the Antelope Coalition and EOS EVM. The priority, however, is to begin with EOS due to its native integration.
🔍 Tool Functionality
Details on the TVT are elaborated, emphasizing its ability to verify EOS account participation on the EOS mainnet or chosen blockchain through a bulk CSV upload feature. Admins can specify search constraints, including start and end dates, to refine the search within the blockchain's history, utilizing the Hyperion solution by EOS Rio for efficient data retrieval.
📈 Web3 Onboarding Strategy
The realization that the effectiveness of Swarms is relative, and therefore creates a limit for onboarding new users (or bees). It depends on the level of engagement needed to neutralize negativity. This leads to exploring DeFi as a means to overcome these limitations.
💰 Token Payment Process
The process of paying bees in project-specific tokens involves educating them about the token and its uses, indicating a more complex procedure (compared to paying the bees in USDT) that requires a thorough understanding of the token's utility and conversion mechanisms.
🔄 Liquidity Contribution
Contributing tokens to liquidity pools is highlighted as a fundamental use of tokens, particularly in facilitating exchanges between tokens like EOSDEN NCO or affiliate’s token on EOSDEN and fiat currencies or other digital assets like EOS. The TVT is crucial for incentivizing these transactions, reinforcing the utility of tokens in DeFi ecosystems.
📊 Platform Interoperability
The capability to use various tokens (such as USDT or EOSIO tokens) for rewards on the EOSDEN platform is discussed, allowing for flexibility in rewarding users. This feature enhances the platform's adaptability to different tokens and smart contracts.
📝 Educational Surveys
The introduction of surveys on EOSDEN to educate participants about new tokens and their functionalities is mentioned as a significant advancement. These surveys aim to provide internal education for participants, ensuring they are well-informed about the tokens they interact with.
🔐 Whitelisting Process
Details about the whitelisting process for participants in surveys and other activities are shared, emphasizing the platform's control over participant eligibility. This process ensures that only knowledgeable and genuine users are included in specific activities.
💼 Network Extension
EOSDEN's role in extending the EOS BEES network into the Web3 domain is outlined, emphasizing its function as a digital extension and a tool for transitioning into Web3. This extension is part of a broader collaboration aimed at educational and DeFi-related goals.
🚀 Development Roadmap
A timeline for the development of the TVT, including the start in March and the MVP release in April, is provided. This roadmap outlines the collaborative efforts in project management and development, hinting at a strategic approach to tool development.
📣 Ordering Swarms
Instructions on how to order Swarms are given. Jesse says to direct message him on Telegram. This process is currently manual, particularly for comments, due to the complexity of integrating this feature into the Swarm’s automated systems.
👋 Conclusion
The interview concludes with a customary sign-off, emphasizing the ongoing commitment to enhancing the EOS ecosystem and the broader community's understanding and engagement with crypto and DeFi. Jesse and Patrick chant ‘Go EOS Bees’ to conclude.
This summary was generated using AI. Please read PodSum's disclaimer for more information.
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