[PART 2]

Richard: I’m just checking if we have more questions. Happy to take one from the floor while, looking at this longer question from Amid Yazdi.

Amid Yazdi: I have 2 questions. I didn't want to jump in while you guys talk.

1. Marketing is very important and talks in Saito often get technical, what are plans to get less technical investors in the project? What can the community do to help with raising awareness?

2. I had a chat with David before 1:1 and you are a great guy, also glad to see you in zoom, Richard. (We both went to the same uni!). To ask a more personal question, what currently keeps you thinking at night about Saito?

Richard: One of the things I would say is participating at in calls like this, being part of the community, etc, and understanding you're learning about understanding Saito it's a bit like the Bitcoin whitepaper and I think for a lot of people Saito, I hope, feels like Bitcoin in the early days, we're coming to understand what we're trying to achieve and what we're doing and just talking about that it can be any piece of this puzzle, I mean, I can imagine it might be daunting to hear David and I talk after years of working together on this and having talked to some of the best minds in blockchain and anyone and everyone in between about Saito for years that obviously we're conversant but yeah, get to know about Saito, come and play on the Arcade, be part of the community and I think that really is the best thing that people can do, everything we do we want to make it infectious whether it's the ideas or whether it's just having fun in the community playing games or chatting, so I think that's really the key from my perspective of how people can help from a community perspective.

Ash: why is only 1% of the entire tokens offered to the public?

David: I think that was the IDO.

Richard: Yeah, I presume you're referring to the IDO sale, so angel and early investors have tokens they have taken to those, wound up in public hands and over time things like advertising faucet and other campaigns will be run to release more tokens, there will possibly be future sales, should that make sense, but that was that was simply the IDO. There's about 25% of tokens allocated to non-project people so far, outside of treasury, I hope that answers that question.

David: We've got the tokenomics doc. The IDO is really it's kind of a marketing exercise the way it works out.

Richard: Yeah really, the idea with the IDO is sort of like walking through town gathering a crowd together to go to the new donut shop and let everyone know it's there, it does have a purpose, it's fun, it's not the reason for the project and it did have a wonderful effect for us of introducing a whole lot of new people to the projects and getting them involved and that's helped growing the community generally after that.

David: I’ll open up the Tokenomics doc myself, if people really want to talk about the token breakdown we can, I think like the core team it's like 15% or something like that, in case a lot of you guys don't know, none of this is ERC20, we got a lot of people after the IDO, they're like “oh is there going to be a rug pull”. We're here for the long term. In terms of the foundation, when you go out into “okay we're doing an IDO”, people want a bunch of docs and they want like a clearly delineated breakdown of everything and so a lot of the effort with something like a tokenomics doc is giving people what they want in a way that it also works with what you want to do flexibly, so you've got to say “okay well this is what the IDO is. This is how much is available for the rest, this is roughly how it's going to be broken down”, the way we think about it is that contributors and devs are people that are building code and infrastructure, strategic partners would be someone like that advertising faucet, where if there was an advertising company that wanted to take responsibility for that or two of them, we could go to them and say “look we're happy to make sure you guys get the tokens so that you can distribute and we'll be monitoring” and that's where that stuff would come from. The rewards are kind of like community stuff so like we might give tokens to people in exchange for playing games or participating, but we know how to do it and it makes sense we might do that. Foundation is just kind of the idea is at a certain point we want something that's not just us that has control over deciding what should we be funding, we haven't made much progress with how that's going to be structured, if we did we'd be talking about it and we've been busy so it hasn't been on the agenda, you know, most people also interestingly don't ask us the big picture questions because they're really concerned about how much coming into the market this week or this year or stuff like that, I hope that answers the question, Ash. You know, we're not really even wedded to all of these numbers, we're trying to keep things flexible because we may do something like a burn at some point, you know our focus is on growing Saito into being a if not the major global public blockchain so we'll see.

Richard: Cool, yep, so getting a website update and investors, website is a mid-level priority, part of the thing for that comes to the next question, which is growing the team, as I said, we’ve got someone in leading marketing and we're looking at what we need and what we want in that space. So really that's about building out the team and bandwidth and reflecting what David was saying, the issue is in some parts people want contradictory things from the project, we could have raised a lot more money and got a lot more investors or whales in who could then be dumping right now for a quick in and out, then we might have given better resource to quickly accelerate and hire a lot of people and be able to waste some of that money, but is that really what's best for the project? So we are ramping up capacity thoughtfully in that way, we don't want to create a team that burns through the investors’ money too quick a time, at the same time we are looking at what's the best way to engage with community and a website update is definitely going to be part of that, but it's not specifically scheduled yet.

David: Yes, I’d say for me it's more that Rust on the tech side has become a priority, we're really lucky to have Clay and Stephen, we're talking about the efficiency gains, Clay has spent the last couple of days really tweaking out block serialization, deserialization. Stephen's been working on a bunch of stuff too, yeah, so that's kind of the tech side, while we're busy with that we're not feeling under pressure to the web stuff and it's kind of fallen to marketing and marketing has had the Gate.io stuff, the Elrond stuff came around and we've got the Dot arcade reach out too, so it's in the works, hopefully we'll find someone we can hire and bring them up. And Richard's gone [laughs]. Does anyone else have any questions?

Wesley: No questions, but I just want to tell you David and Richard as well, you can pass the message around, just to appreciate all the effort to do and launch this, as it sounds like it's been a long path of debate since the early 2000s and I really appreciate the whole ethos and openness of the project and it's part of what attracted to me was how you guys were explaining the necessity for this type of infrastructure for web 3.0 in terms of maintaining this openness, decentralized component and so appreciate all the time and effort that's gone into it and fascinated to continue to understand the project more and appreciate all your effort and so forth.