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April 29, 2021, 01:41:44 PM |
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Clubhouse Call Takeaways: • Alejandro took call from Costa Rica. Needs to be outside of EU for a couple weeks in order to come to USA for June BTC conference where he is a speaker. Plus July Mining conference. (Could be alpha there?) • Mining equipment is impossible to find right now, it does not exist. Demand is through the roof. Given constraints in the market it will take time to procure new equipment and no imminent plans to release more pBTC/pETH tokens. • Target for Mars is Retail + Institutional, have 3ac backing, Hashkey, Febushi, IOSG etc. These are big VC players. • Mars wBTC diamond rewards come from unstaked pBTC/pETH tokens. Mars itself is a hashrate token. • Defi hashpower loans and more interesting use cases, definitely in the cards. • Went over Poolin history, expertise. A bit about mining industry. Poolin took a leap and ‘courage’ to make Mars project happen, it is a focus for Poolin that they are quite serious about. • After Alejandro jumped off; talked risk, there is geopolitical risk. Large concentration of rigs in China. For example coal mine explosion – miners were ordered to shut off. • DAO: Right now Poolin is steering project more than DAO, this is a typical and even recommended approach in early lifecycle of a project (see REN Chaosnet etc). Future potential is there for Mars to branch off. • Partnerships, could proposition “a Badger or similar defi project” with long term view to include pBTC35a as collateral. Already done with Basis cash but we saw short term farm and dump there. • Hashrate token narrative: Mars is the first and one of only a few players.
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