Video Topic - 00:00 New BlockChain Phone - 00:20 Phenix X1/DAG Partnership - 01:36 BioFi Africa - 02:16 Verizon Partner - 02:29 Phenix x1 Release Date - 02:38 AMA w/ BioFi & Zariot - 02:55 Team Introduction- 03:15 Crypto Phone Details - 04:54 Data Security - 08:24 Performance Comparison - 09:55 What makes this phone so Secure? - 11:18 Example (Why This Sim Card Is Better) - 14:48 Target Market - 17:34 Pre Installed Security - 19:38 Phone Software Showcase - 21:09 Iphone or Phenix X1? - 25:29 What does this mean for BIOFI holders? - 27:49 Node Mining - 29:00 Passive Income Phone - 31:06 When and Where is it Launching? - 32:00 Long Term Passive Income (Outro) - 32:52
Hey, this is James Spelton and I wanted to talk to you.
You know, I'm a big fan of the Constellation Ecosystem
and specifically the BioFi Ecosystem.
BioFi, they're working on using biometrics
in the blockchain.
And one of the big things that we're looking forward to
in the BioFi Ecosystem is they're coming out
with the first, at least the first that I've heard,
blockchain phone, okay?
It's called the Phoenix X1.
And we have some details about this phone.
So it's gonna be, it's a high-end Android phone.
I have an AMA with the team here that I'd like to show you.
But again, I'll do my TLDR here at the beginning
in case you're not able to watch the whole thing.
It's called the Phoenix X1 for now,
but that name is up for debate.
So if you'd like it to be called something else,
they're talking through that.
Basically how this phone works is there's gonna be
two sides to it.
It's an Android phone and they say it's gonna be able
to compete with all the high-end Android phones
that there currently are.
And you're gonna have one operating system
which is just like a normal phone.
You can see it here on the right,
but it's just like any other Android phone
that you might get, high-end Android phone.
But then there's also a second operating system
where you can kind of switch your phone
into like private mode,
which means it's basically encrypting all your data.
There's a special SIM card that everything's encrypted.
And we talk about that in the AMA a little bit.
And then also it's directly connected to the blockchain.
So you can have your wallet hooked up directly there
and it's all completely encrypted and completely secure.
So just very unique.
And I think this is the type of phone
that crypto users in particular are gonna wanna have.
So they're also working with the Constellation Network.
So each phone is gonna have part of a DAG node on it.
So you need 250,000 DAG to have a node
and then you get rewards for having that node.
Each Phoenix phone is going to be backed by a DAG node.
So when you buy one,
you can leave your phone plugged in at night
and it will be a DAG node
validating transactions through the night.
It'll be part of the hypergraph and you get rewards for that.
So really buying this phone will get you passive income
just from owning it.
We don't have all the details.
I don't have my spreadsheet yet
of how exactly the finances of that are gonna work.
But I think that's pretty cool.
There's no other phone that's gonna be backed by a DAG node.
So I'm excited for that.
And then BioFi has found this niche in Africa.
So obviously that's what the phone's gonna,
I think, first be.
Android is a lot bigger in Africa.
They don't have as many iPhones.
So I think that this will be a really popular phone
in Africa.
But they also are talking with Verizon
and it looks like Verizon's gonna carry this phone.
So we'll have some US adoption as well.
So all in all, very cool.
I think this is very bullish for BioFi holders.
The one negative is it's not set to be released
until Q4 of 2023.
So we have about a year to wait for it.
But again, it's one of those things
where you'd rather see them wait and get it right
than rush it out super fast.
So keep this on the horizon.
But yeah, here's my full AMA.
If you want more details, they show the phone
and show some of the features of the phone live.
So I think that's pretty cool.
But yeah, here's my AMA with both the team from BioFi
and also the team from Zeriot to talk about
their secure SIM card that they're gonna be using
in this phone.
So enjoy, thanks.
All right, this is James Pelton
and I'm here.
Three faces that you've seen so many times,
you might start thinking it's actually
their YouTube channel.
We have Steven, Brian, and Chris from the Finavant team.
And then we have a guest today,
Jimmy Jones from the Zeriot team.
And we're gonna talk today.
This has been something that every time I do a BioFi video,
I get asked about this
and I don't normally have the answers.
So I'm excited to talk about this.
We're gonna talk a little bit about the phone today
that the Finavant team is coming out with.
So maybe before we start,
again, Steven, Brian, and Chris,
we need no introduction from you.
But Jimmy, maybe we could start
with an introduction from you
and what Zeriot does and how they fit into this.
Yeah, sure.
So Zeriot are a MVNO,
so cellular communications provider specializing in IoT,
with a particular focus on security
and being able to give flexibility to the market.
What we're trying to do
is we're trying to turn that connectivity piece
that's integral within IoT.
We're trying to open that up
so we can start to build end-to-end.
So with the device that Finavant has
and with the back ends that they have,
they have full control there.
We're trying to open up that middle section
to allow a cohesive end-to-end solution,
particularly around security,
which is, with Finavant, very important
because of the nature of their business,
but also to be able to score everything.
I work there as the head of security,
so I tend to be touching different elements,
but that end-to-end story, particularly on the security,
is something that I'm very passionate about
and something that I'm heavily involved with.
Okay, very cool.
Yeah, and I'm excited about the phone.
I think especially for crypto people,
it's rare for crypto people to see something
that you can actually hold in your hand.
They're used to everything being digital,
everything being just ethereal,
and it's out there and you can't actually see it.
So I think people are excited for a crypto company
to have something tangible.
So can you tell me a little bit about the phone
and maybe what are you excited about this phone?
Okay, I'll jump in on that one.
There's a lot to be excited about on the Fenix X1,
and I'll be demonstrating the original version,
which is now being re-engineered to be the new device
that will come out sometime next year.
But other than being a really nice-looking,
high-end Android device,
it's got a couple key features in it.
The first being that it holds two SIM cards,
and we can talk with Jimmy about that
in a little more detail,
but we can have a Zariat secure SIM card in there,
which means that all data on that SIM
is encrypted from end to end.
So that, in the crypto space,
and anybody who wants to protect their financial information
is really important, it's really a great feature.
The other thing, it's got the two sides, right?
So not only does it have two SIM cards,
but it's got two operating systems,
if you want to look at it that way.
And what I'll show today is the public side,
which I use on my iPhone today, it's a regular device.
It's got all the features and apps that you want on it,
but then you can transition over
to what we call the private side,
and you can call it whatever you want,
but it's the more secure side
that's got an extra security chip involved.
So as you transition over to that side is unique,
and that side you can use the encrypted SIM,
and you can keep all of your important data,
whether it's crypto, whether it's just regular photos,
whatever it is, you can keep on that side
and keep it all encrypted.
So those are the key things,
and other than it just being a great looking device.
Yeah, and I would say, James,
that the phone is an amazing array of technology,
it's just incredible.
When we talk about the re-engineering effort for this,
it's being upgraded for 5G,
which is becoming more of a global standard,
and it has the, and because when you go to 5G,
you have to have more battery, a larger battery.
The battery will be much more robust in the next version,
and it'll have the traditional security framework,
which is both from a software and a hardware perspective.
So it has a special security chip embedded in the device,
such that your passwords don't end up in memory,
they actually get stored on a chip.
So it really helps to ensure
that you're not gonna be hacked,
or your information's not gonna be stolen.
All the software can be pre-loaded on this, James.
Every single app that is either node mining,
a wallet-related, password manager, Unisafebox,
all of these kind of things can be loaded on there.
All of Providence's apps can be loaded on here,
and made available on the phone.
So let's say Providence buys 1 million of these,
and you're always interested in the spreadsheet.
So imagine the global sales of this
in the continent of Africa.
This kind of device is so desirable
in a place like Africa,
where you have all that emerging technology,
and there's so many fraudsters
trying to take advantage of that.
This will help so many people.
Built around the BioFight token,
and the BioFight ecosystem,
it fits nicely in that spreadsheet
that you're keeping track of.
Nice, so you know how to get me excited about something.
You start talking about the spreadsheets and the numbers.
So I think a lot of people don't give a lot of thought
to their data security, like on their phone.
They're just putting passwords,
and saving credit card information,
and whatever on there.
Could you maybe give an example
of how a traditional phone that we're used to
could be compromised, or data could be stolen off there,
and how this phone would protect you
from that same kind of attack?
Sure, exactly.
Just what I'm saying about having a special security chip,
that doesn't come standard in any device you get today.
That's engineered into this device.
And it's done that way specifically
to make sure that your information will be safe.
Plus, it has all of the biometrics built into this.
So you've got your face, and you've got your voice.
And imagine that,
not only at the level of starting up the device,
but at the point that you actually activate your wallet,
you wanna move around some money,
you wanna pay a bill.
Maybe you're changing your address,
opening a new account.
Do you want somebody to do that in your name?
Do you want somebody to take your information
and try to steal your identity
and take money that you've saved your whole life?
That's what this device and that software
will prevent from happening.
And it's gonna help so many people.
And it's just a beautiful technology.
And if you take a look at the form and the factor on this,
it's got this beautiful liquid metal and the Gorilla Glass.
It's super thin, and it's got excellent cameras.
All the cameras will be upgraded in the next version,
but it just feels great.
It's a beautiful device.
Very cool.
Can I ask, do you feel like,
and you might be biased, obviously, since it's your phone,
but do you feel like this type of phone can compete
like with iPhone or with an S20
or whatever the other phones on the market,
or are you taking a hit in performance
in order to get that extra?
It'll definitely compete.
We've spent a lot of time already building this out.
And so a lot of the work,
the groundwork has already happened putting this together.
And it's great relationships like with Zariot.
Stefan came from Zariot, by the way.
That was part of his past.
So it's a wonderful,
in fact, we were working with him initially
coming up with the right security package for the device.
And it was at that point
that we were really talking to Zariot
about getting the secure SIM in there.
But definitely this will compete at a regional level
and a national level and a global level
with both Apple and the other products that are out there.
You've got the Oppo phone, Xiaomi,
and these are different classes of products.
Chinese made, South Korean, US,
and they come from different competitors.
But this one solves a different problem.
It's really focused on security.
It's really focused on helping the participants
in the ecosystem.
And it comes preloaded
with a lot of specialized software and security,
which you just don't see in those other platforms.
They aren't made this way
and they aren't focused in this direction.
Okay.
And then Jimmy, since we have you here,
could you tell us how that, again,
I don't think people understand SIM technology
or what a secure SIM card means or anything like that.
Probably most of my audience
doesn't even know what a SIM card is.
So could you explain how what you guys do
makes this more secure and is better
than just like what I might have
on my normal iPhone, Verizon SIM card?
Sure.
So there's a number of different elements
that help us secure the cellular access.
So cellular, before I start,
cellular is the most secure way to connect the internet.
So that's the starting point.
But you'll still remember just a couple of years ago,
there was a big media bust around
global tracking of people,
interception of SMS, two-factor authentication,
things like that.
All of those are elements of the mobile networks
that can be exploited.
Your major players, AT&T, Vodafone,
they put a lot of money into defending against that.
And so did we, actually.
So we have the same level of security
or similar level of security that they have.
We know the, I used to sell the security
to those companies.
So I know what they have implemented
and we have very similar within Zaria.
The difference being is we're a much smaller organization
that makes us much more agile.
So what we can do now is we can take that secure core
and we can start building it out
because the way we look at our role
is we need to be supporting the whole of the ecosystem,
people like Finnebank,
people who are pushing the boundaries,
people who are making solutions
that are really cutting edge,
then, or bleeding edge.
That's the people we need to be looking after.
So we need to be agile with that.
So once we built out the core Telco technologies,
we started looking at the SIM
because everybody connecting to us uses a SIM.
You've seen the plastic SIMs that you have in your phones
or the embedded SIMs that you now have in new iPhones
and newer phones.
We have the ability to actually be able
to adapt those for your product.
So we can store safely information in there,
maybe like the ledger for a blockchain
or the keys for encryption.
We can use that and the SIM becomes a trust,
a similar way to a TPM.
In fact, a TPM and a SIM hardware-wise
are exactly the same, different firmware.
So we're utilizing that element
to be able to expand our touch.
So we think you have to be able to,
you have to be able to address the device,
the application and the network.
So we say, if you don't know the DNA,
device network application,
then you can't secure your network.
That's what we're doing.
We're opening up that network tier
to be able to really build an end-to-end solution.
So that's our goal, really.
And then we can add things on top of that with analytics
and we've got some AI and ML analytics
going on in our core as well.
And the other final point is the coverage.
We're a MVNO, so we're a virtual network operator
that's connected globally.
So we have access to over 800 mobile operators.
So that means that when we're in the US, for instance,
we can jump onto AT&T, Verizon and Sprint.
So if you're in that weird place somewhere
in the countryside and you can only get a signal from one,
then that's okay, we can drop onto that.
So really it's the connectivity and the security
and being able to work with people like Trinivan
to be able to make their product a cohesive one.
That's where Xerios is.
Okay, very cool.
Yeah, that connectivity one, that makes a lot of sense.
So I learned by examples.
I'm not like a, in school,
I was never a good lecture listener or anything.
So could you maybe give like an example
of how like a traditional SIM card
would not protect someone in a situation
where there's an attacker of some kind
and how your SIM card would maybe protect
in that situation instead?
Okay, so there's two ways of doing it.
I'll concentrate on the signaling side
because it's probably more interesting
than the guys at Trinivan can do the device
because they're better at that, I would guess.
So the thing about telecoms is it's been in the ground
for a very long time.
And a lot of the protocols we're still using are legacy.
They go back in SS7, which is still core of many networks.
It goes back to the 1970s, 1980s.
It wasn't designed to be on IP.
It was designed to be connected together point to point.
Around about the year 2000, that changed
and we moved away from that technology point to IP,
which made perfect sense.
But what it did is it took these protocols
that were once completely air-gapped
and it put them on an IP platform.
The other thing that happened at the same time
is there was an explosion
in the number of telecoms companies.
So I mentioned there's over 800 that we're connected to.
All of those telecoms companies
need to be able to communicate.
You can't have 800 individual connections
so they use hubs.
And there's about four or five of them globally.
What that means is if I can compromise
any of those 800 operators, I can send a message to you.
So if you don't protect your network,
then you have a problem.
If I, for instance, there's, I'm gonna go technical now,
but I can send a message and if I craft it in the right way
and the network isn't fully protected,
I can get your IMSI, your network identifier,
and I can get to that from just having your card
or the telephone number of your device.
So if I can send that message to your home network,
they'll respond with the IMSI
and at that point, I can start to do lots of things.
In fact, I can actually send a roaming request
and you wouldn't believe it,
but if your network is not protected,
it doesn't even get challenged.
So I can say, okay, that device now lives
on Jimmy Jones's network.
What does that mean to you?
What it means to you is if you've just,
if I'm on your bank account and I've just sent an SMS
as a two-factor authentication,
I'm just about to be texted from your bank
the code to take out your money.
So that's what it means.
And that's available anywhere in the world.
Anywhere you can get onto that hub.
And you don't have to compromise those networks yourself.
You can just go onto the dark web.
The last time I looked, it was around about $400
to get access.
Yeah, no, absolutely.
And this is a big, hackers are always catching up
to the security that we put in place.
Can you talk about what the target market is for the phone?
Do you see, obviously the African market,
because you have those partnerships already there.
Do you see that going after the US market
and trying to partner with Verizon,
or are you just going to start in Africa
or what's the plan for marketing with it?
Yeah, I'll jump in just for a minute
and then I'll turn it over to Stefan.
Verizon's an interesting case
because the way the engineering process works on this,
James, is that once you complete your design
and you have a version of the device
which is ready for certification,
it actually goes to those markets
where you want to sell it, like Europe.
Europe has a separate certification than the United States.
Canada has a separate certification than the United States.
But when it does get to the United States
and you do get it certified by the government,
the only other layer that you have to go through here
is Verizon.
And we do have a contract with Verizon for the certification
and for working with them
to have the phone sold at their locations.
That is a contract we have in place.
We've been working with them.
And they're the only provider,
they're the only operator,
mobile operator in the United States
that requires a separate certification from the government.
So it is an interesting difference.
European certification seems to go the quickest
from the past experience.
And as far as Africa, the Middle East, Southeast Asia,
Stephan, you want to jump in on that?
Yeah, absolutely.
I suppose having a market like Zaria
gives us global connectivity.
So there's 800 providers.
There's, I don't know how many countries there is within that,
but there's absolutely global coverage within there.
There's only about two or three countries on the planet
that don't have connectivity.
So can you imagine giving this device to a currency trader
and he is buying his crypto online
and he's able to have it fully encrypted
at any particular stage, no matter where he is,
whether he's on a lovely yacht
or he's in his holiday home
or whether he's just traveling and doing business.
This device will work absolutely everywhere
and the encryption and the secure scheme
will work everywhere from there.
Pre-installed secure?
Because I think people get an iPhone,
they're like, okay, I'm going to do crypto,
I need to make it secure.
And then they have to try to research,
okay, how do I make it secure?
And it'd be nice, hey, just out of the box,
you know that this is going to be secure.
You're able to do what you want to do with it
and not worry about your data.
So very cool.
From the phone visually that we can get.
And if not, I will just edit out this question.
No, I can do that, James.
We will, I'll do a quick demo
on a couple of different things,
but I just wanted to follow up on something you said.
You may not have realized you did this,
but you made a great pitch for biometrics
a couple of minutes ago.
When you're talking about the transition from passwords
to more complex passwords,
while that solved the problem on one end,
it created another one.
And another one is with those complex passwords,
people write them down because they can't remember them.
They're not just your dog's name or something like that.
It now has a lot of random characters in it.
So they have to write them down.
So what does that do?
It forced them to put them in an unsecure place,
possibly reuse them.
So I don't have to have a hundred different,
very complex passwords.
I have one.
So if one gets compromised,
it's now compromised across a lot of different entrances.
So biometrics now steps in and takes that place
and it can't be compromised
because it's not written down on a legal pad somewhere
and someone can come into your home
or steal your briefcase
and they have every password that you want.
So biometrics, thank you, James,
for making that pitch for us without realizing.
Hey, you're welcome.
Biometric pitches just ooze out of me.
Excited I am about this.
All right.
So I'm using a program to do a screen share.
James, I hope this works with what you're using here.
Let me know if there's anything you need me to do
that's extra.
So give me a moment to share this for you, with you.
You haven't shared before.
It might ask you to give Chrome permission.
Okay. Okay.
I think I've got it.
There you go.
Look at that.
The tech guy.
All right.
So this is my connected desktop.
It's hard to see, unfortunately,
but this is what you're seeing.
It's my Phoenix X1.
I wish I could give you a better view of it.
It's really a hooligan device,
but we have pictures of it on the website
if you really want to look carefully for it.
So this is it.
You can see I have both Unisafe Box
and Cryptic Wallet loaded on it.
It holds anything.
This is the regular, what we call the public side.
This is my public side on this device.
It's got all my calendar apps and everything on it.
So what I'll do is I'll show you
Cryptic Wallet very quickly,
and then I'll show Unisafe Box quickly,
and then I'll show the transition over
to the other side of the device.
So first, Cryptic Wallet is all set up.
So how do you see the biometrics work?
There.
That's how easy it is to get into the device.
Now, on this device, just so that people know,
when we share, when we do a screen share,
the microphone often competes,
so I only have it set up for face authentication right now.
That's why I didn't speak a password.
It works better for demos.
With voice and face, it will fail.
It won't authenticate me
because the microphone doesn't work well.
You have, in the device,
you have any tokens that you want to have there.
You certainly have market overviews.
There's tons of information.
There's a Discover tab,
where you can check out all your web-free apps,
and in Settings, you have control
over all of your different wallets.
You can see all the different networks
that you can have wallets on.
You have control over your security.
You can go back in and change.
You have three options.
We've always recommended voice and face,
but you can use just face or just voice,
depending on the environment you're in.
You may work at a nightclub, and it's too dark.
You can't get a good face recognition,
but you can use your voice.
I don't know if that works in nightclubs,
because it might be loud, but you get the idea.
Depending on your environment,
you can pick a different mode to operate.
So, it's chock-full of information.
You have watch lists, so you can go by volume.
Whatever you like.
You can spend a lot of time in here learning,
learning a lot, doing a lot of research.
And again, you can switch from wallet
to see what it looks like,
different tokens that you have,
and so on, that you're following.
Okay, so that's this one.
That's the crypto wallet.
Safebox is set up a little bit differently,
but what you'll see is,
it's going to go through the visual biometric.
You won't see it on the screen.
And it uses a pattern recognition,
so you have to do both to get in.
And once you do both,
and then it connects to the blockchain.
Because remember, Unisafebox is a blockchain-based solution.
So, everything that you use will be stored on the blockchain.
You can store passwords, bank cards,
or receive phrases, or even just files.
So, right now it's empty,
because I've been doing a lot of testing,
and I've been loading the latest version,
so there's nothing in there at the moment.
That's how that one works.
And what everyone probably wants to see
is the switch to private side.
So, in the middle here,
we have what looks like a little token,
or a little chip.
And this one, again, because of the microphone issue,
it's set up with a pin.
It's not set up with a voice and face,
because it will conflict.
It will not allow me to use a screen share
to get to the secure side of the phone.
So, I'll hit that.
And we've set up the secure side,
just visually, to look different,
so it's easy to tell them apart.
But you can have all your apps,
just like you do on the regular side of the phone.
And this one is disconnected from the public side.
This leverages the additional security chip, and so on.
So, that's it.
It's gonna have your Zariat SIM in here,
and the whole bit.
Oh, absolutely.
Yeah, and that will secure your data and transmission.
But really, that's it in a nutshell.
I don't want to take too much time for this, James.
If there's something else you want to see,
just let me know.
That is awesome.
No, I think just seeing,
this is the first time I've seen anything from the phone.
So, that's really exciting,
just to see it start to become a reality.
One question that I had,
do you see, I might take this out,
but I'm just thinking out loud here,
but do you see the use case for people
if they really like their iPhone,
where they have an iPhone and one of these?
Or do you see a situation where that happens,
and it's like they have their blockchain connectivity
and their normal phone, or anything like that?
How do you guys think of that?
Are you saying that someone should,
who wants to perhaps use two devices?
Well, I'm just saying some people just love their iPhone.
And I think it'll be hard to convince somebody,
oh, get off your iPhone and get onto this.
So, I'm just thinking out loud of marketing,
and how, do you tell crypto people,
you get the second phone?
Or I'm just thinking out loud.
I don't know if you guys have thought about this,
or what you think about that.
If you look at the market,
the concentration of devices that are out there,
the majority of them are actually Android.
So, Android is actually the king within the market.
What we will be looking to do
is obviously convert Android users on there.
A lot of currency traders,
and the guys that are out there, the high-end stuff,
will more than likely have more than one device out there.
They keep their work and pleasure stuff separately.
As we've seen in Africa as well,
there's some guys have three phones.
Yeah, because of the networks.
But they always say one for the wife,
one for the girlfriend, one for work.
But they do have a number of devices out there.
So, that is really where the market is.
How hard is it gonna get to get iPhone users?
Look, I'm an iPhone user.
I'm also a Phoenix X1 user as well,
for my trading and stuff like that.
So, that's where we've gotta obviously look at it.
Okay, yeah, I was wondering,
because I'm the same way.
I love my iPhone.
And so, I was thinking,
would I wanna replace my phone with this?
I'm like, but I definitely want one.
And so, I'm just thinking through.
So, we'll have to just see how that plays out.
You're probably, once you use it,
you won't want the iPhone anymore.
That's my opinion.
And that might be true.
That might be.
I was gonna say the same thing,
in that once you start getting the rewards back
on your node mining, and it pays for itself,
you're gonna go, holy cow.
I want two of these, and I want 10 of them.
And maybe that might be the marketing campaign
is ditching your iPhone for the Phoenix.
Maybe that's a big thing,
where you have all these different people
breaking their iPhones and grabbing the Phoenix,
or something like that.
We'll talk about that as we get further into.
Okay, couple last questions here,
and then we'll wrap up.
What does this mean for BioFi holders,
that this phone's coming out?
Again, that's probably a lot of people who watch this
are gonna be, hey, we hold the BioFi tokens.
What does this phone coming out mean for BioFi holders?
This is an amazingly big deal.
It's in the community, and in the Telegram community,
and Discord, and on Twitter.
This is talked about all the time,
wherever we go, at the High Depth event.
You know, this was a particularly exciting time
for everybody to see it at that event.
And it's just a wonderful device.
We're just so excited, James, to talk to people about it,
because they give us great ideas.
One of the guys, Miguel Thorpe,
who came to the High Depth event,
super sharp, young guy in college.
He just loves this technology, and ideas flow out of him.
He's a great guy to talk to.
So many people in our community are like that,
helping us, giving us ideas,
thinking about ways to improve a design,
or improve a style, or work with another provider.
It's just amazing.
And so it helps the community at all levels.
Every person in each country and territory,
this is providing real utility.
It's helping them in their life.
It's keeping them secure.
And in the case of the Node Mining, it'll pay them back.
So it's an amazing device.
Okay, very cool.
Actually, you mentioned the Node Mining a couple times.
Do you want to just touch on that?
Because that might be a big selling point for people.
Yeah, this is a particularly important part of this.
We have the Cryptic Wallet,
we have the UniSafebox Password Manager.
These are apps that get loaded on there.
And Stephen talked about Petal.
We have CyberLegalBe on there.
And we're working with HGTP Fill,
all kinds of interactions with great providers,
Gmail Solutions and Providence.
All of those apps will be preloaded on there.
So when you think about the technology
and you think about the ability to be an IoT device,
we worked with Zaria.
You can put this in a car,
you can have this connected to your car,
it can be connected to the drones,
in the case of the Disk Company, connected to the drones.
And all the while, this is a node
on the Constellation Hypergraph.
So this is actually sitting behind 250,000 DAG
and it can be fractionalized.
So each person who gets one of these phones
can then own a piece of the DAG node.
They don't have to come up with that
tremendous amount of money to get a node.
They can actually get a Phoenix X1
and be a node on Constellation.
And the beauty of that is then we can pay back rewards
to that person over time.
And the more they turn it on at night,
they just set it by their bed,
they plug it in, leave it connected to their Wi-Fi
and it's processing transactions all night long
while they're sleeping.
What an amazing concept.
So they can wake up in the morning and make phone calls
and send text messages and read a secure document
after they've processed tons of transactions
through the night.
And while they're processing those transactions,
they're getting paid back.
So what an amazing concept.
And that's just the start, James.
Cryptic Wallet, it then goes on to provide loans
and liquidity and do a lot of other things
from an exchange perspective.
Now you have a full functioning financial marketplace
for everybody who's using the device.
What an amazing concept that is.
And this provides greater utility to the ecosystem.
Yeah, very cool.
That is exciting.
We'll call it the passive income phone.
That'll be exciting.
Good selling point for sure.
Yeah, and by the way, through one of these events
with you and with the community,
we do want to probably rename the phone
the Phoenix X1 was our first cut at naming it.
And I know that a lot of people have great ideas.
We started that conversation with the community.
We do need to end that.
And by the way, just since we didn't do introductions,
traditionally and as our tradition,
we always like to say thanks.
And you know this to everybody,
including you and the community,
your community, the BioFi community.
We really appreciate all your help and support
and just say thanks to everyone
for all that you do for this community.
Yeah, thank you for that reminder.
Okay, as we close up here,
this has been great, super.
I'm excited.
I know it's a good AMA when at the end,
I'm like excited and my juices are flowing
and ready to get moving on things.
The question, most popular question in all of crypto,
but when?
When is this gonna be available?
Is it gonna start in Africa?
When in the U.S.?
When can I get?
Just any when questions that you can answer.
Can we have it tomorrow, Chris?
The only way.
If I could, I'd have it.
It's on our timeline.
It hasn't changed on our timeline.
So if you go to our website
and you look at our timeline out there,
it's on the timeline for fourth quarter of 2023.
Hey, this has been awesome.
I appreciate you guys.
Thank you to the three regulars.
Thank you guys for your time here yet again.
And Jimmy, thank you so much for joining us
and just for your contribution and what you're doing.
I thought what you said today was super educational too,
which I think is important.
I wanna help people not just soak in things,
but also learn why this is important.
Learn why a SIM card is an important piece of a phone.
So thank you so much for hopping on.
I really appreciate it.
All right, I hope you enjoyed that AMA.
Thanks for watching this far.
Please do hit the like button.
Again, I'm trying to separate BioFi.
So we're so used in the crypto space
to the short-term quick passive income type.
This is not that.
This is the phone comes out in a year
and that's the time horizon we're looking at
is a year out, three years out.
When I talked to Brian, the CEO,
he always says 10 years out
is what he's really looking forward to.
So that would be the same for me.
So thank you guys for watching.
Thank you for all your support.
Please do hit like, I appreciate it
and have a great rest of your day.
Thanks.