This video features a detailed discussion on Foxify, an innovative on-chain prop trading platform and the \"Kitsune\" trading bot. The conversation covers risk mitigation through diversified copy-trading, the platform's transparent operational mechanics, tokenomics involving the EB Fox token, and broader topics including app development services and motivational mindset.
Hello everyone. I, you know what? I miss you guys. I miss you audience.
I've not been doing lives as much recently,
mostly because there's nothing in the world that I'm that excited about to get
on and do a live about. That's honestly been the reason I've been out of town.
Just got back from Miami last night. Um, but really appreciate you guys.
I miss you guys. When I don't get on, it's like, man,
I haven't got to see my audience for awhile and what fitting way to throw in
a live than with Danny, uh, someone who I actually appreciate in this space,
someone who's not robbed me of hundreds of thousands of dollars. Danny,
I appreciate that so much.
My standards are pretty low these days in this space of what I'm looking for.
Uh, just tell me what's going on. So appreciate you. And, uh,
Danny's got some cool stuff going on with Foxify,
some really exciting stuff, um, that he will fill us up on.
What I need from you guys, please hit the like button,
the currency of YouTuber. Some people want USDC, some people want Bitcoin,
but YouTubers, we just want the like, um, that's what we do it for. Uh,
each like is like, it's a little piece of joy in my heart. So please hit like,
uh, if you guys have any questions as we're going,
anything you want to talk about, I know I haven't done a live in a while.
So if there's anything in particular you want to talk about,
I see people asking about Kindle direct publishing and stuff like that.
We can talk through some of that. Uh, if there's time here at the end, um,
and apologize for my mess behind it's my kids have taken over, um,
my desk back there, but I, I'm actually a, I'm a slob. Anyways,
let's uh, Danny, we don't need to introduce you. We've had you on the channel.
You've been on the channel. I feel like pretty much as many times as I have.
We're hanging on. We're hanging on to each other. Aren't we, James?
We are. People are letting us go.
I I'll make a meme about me and you just holding on for dear life as the rest of
the space, uh, blows out of, out of control. Um,
and we are live to Twitter. So we did get onto your, your Fox by Twitter.
My Twitter, if you're watching from Twitter, welcome. Um,
YouTube is where it's at.
That's where you can comment a little better and things like that.
But thanks for joining us on Twitter. So Daniel,
I know you're a biblical man, but Daniel actually isn't my real name.
No, man, you're missing out. Daniel was a great guy. So is your real name?
Danny? My real name is Dan. Oh no. Danny froze.
He's been having some internet, uh, problems,
even as we were catching up before this and his internet went out several times.
So I assume he'll have to hop off and probably hop back on. Um, but yeah,
if you guys have any questions for me, uh, feel free. Let's see.
We've got a lot of hellos. Good to see you, Paul. Good to see you, Dane, Scott.
You guys are my, these are my, these are my people. I miss you guys. Um,
I'm still running KDP. Yes, I am still doing Kindle direct publishing. Um,
there's a few people that are in the program and somebody, Danny's back. Oh,
he's gone. Um, there's a few people that are in the program.
I know Scott's working on some stuff. Um, but yeah,
Kindle direct publishing still a great way. Basically,
if you're not familiar with Kindle direct publishing,
you can write a PDF and you can put it on Amazon for free.
And then they'll put it as a book for sale, a hard, hard cover, soft cover,
whatever. When people buy the book,
they go ahead and print it real quick and ship it to them and give you a
majority of the profit. So it's kind of,
you can be a published author for free basically.
And so it's a great opportunity with very low startup cost. So, all right,
Danny, I was telling Dan, we got to get him on Starlink. He's,
he's having some major internet problems and a Starlink spreads that man in
great embrace. Embrace it. It's not good. You got me.
So I'll um,
we should cut to the chase before cause I've been cut out three times in the,
in the prep. So yes, tell us about what's going on. What, what,
what do we got going on? So you're saying you're gonna tell you what's going on.
You know, I'll let you take the driver's wheel cause you know what's up.
Yeah. So like trip down memory lane, right? So what is Foxify? It's a,
it's a perpetual platform, um,
where you can trade crypto pairs and we,
we launched the first and still currently the only, there's a lot of,
there's a lot of bullshit is out there claiming that they do it,
but no,
we are the only ones that have innovated and built the first on chain prop
trading application. James, by the way, I use your video with,
I think I'll send you a message about this. James has got a brilliant video,
which gives a good rundown of funded,
what prop trading is and the problems that it solves. But in short, you know,
what funded does is it allows the traders come and trade on the platform,
use your own cash to qualify. And as long as you meet some targets,
then you get access to additional capital to trade with, right?
So you get free money effectively,
and then you get to keep 80% of the profits you generate.
And it solves a lot of problems of traditional prop trading because it's web two
is everything's kind of hidden behind the screen.
You're not sure if it's real money, can they really cash you out? And so on.
And even saw our good friend Austin, who, um, was a true.
You won't mind me saying he was really,
really upset that I commented on his tweet cause he had a bad day.
He didn't get paid out actually by a prop trading firm. And I said, Hey,
you should check out Foxify.
And the beauty of what we do is that you have the USDC in your trader account at
the start, and then you keep a share at the end.
So there's no get to the end and then you're asking, well,
do these guys really have the cash or not?
Because if we haven't got the liquidity for you to take at the start of the
challenge, then you'd have to wait a little bit before you started, right?
So you're never in a position where you're going to do the work and then you're
not sure whether you're going to get paid at the end of it.
So that's super duper. It's been, you know,
fantastic success in its first few months with the only people doing it in as a,
as a fully 100% on train application. But what we're here to talk about today,
um, so then we know is, well, hang on a second.
We were almost created by this Navy seal training camp, right?
And what I mean by that is, is it's not, it's not, you know,
trading is hard and we don't make it easy cause we don't want to give money to
people that are just yellowing, right? So you have to me, um,
win rate targets, P and L target.
You have to be active a certain amount of time so we can tell that it's skill
and not luck.
And you also have to hit consistency targets again because you might just get
lucky on one big trade. Um,
and what we've noticed is that when people start to move through the phases,
when they start getting up to gold and platinum, there's a much,
much higher chance of their success, right? And it's, it's natural.
Then you think, well, why did, why didn't we copy those people?
Why didn't we do the same as those people and make money off the back of them?
But the truth is that copy trading also has massive risks because you copy trade
somebody and no matter how good they are, they will have bad days, right?
And so then you get the feast or famine, uh, getting all biblical again.
And, um, and, uh, and, and so what we thought,
well, we, we, we can,
we can build a bar that uses all of this intelligent information,
carefully selects the right traders to follow and,
and follows lots of traders at the same time. Um, and,
and it will spread out the capital.
And what that means is that there will be losses,
but overall it can absorb the losses because it's playing the
averages over a number of people at the same time. So rather than this,
you know, feast or famine pump and dump of, you know,
it feels great for a week and then you lose everything,
which is always possible with trading.
What it does is kind of spreads that that risk around.
So maybe you have one trader who blows up and then the others absorb the losses
hopefully, or at least if two of them blow up,
then the others absorb some of the losses and some weeks,
all of them do very well. And it's, and it's all very good.
So we call this pocket Sunni.
It's a mythical Japanese samurai trading box.
And we've, we've already been running it.
We've got three months worth of data. Absolutely. Flying did,
did 15% last week, which is just insane. Right.
15% in a week is absolutely insane. Um, so yeah,
really exciting times.
And we're just about to scale that up in the next couple of weeks,
the community, like they are, you know, through $40,000 at it, you know,
without blinking and, uh, and yeah, that's, that's kitsune in a nutshell,
James, a lot to unpack.
Okay. Yes. Kitsune. Uh, so thank you for, uh,
education who, who knew you were going to get, you know,
mythology education as part of defy as well. I love it. I love it.
It's some multifaceted Danny. Um, so, you know,
let's just get to the questions that I know people are going to ask me.
I get the same questions every time I bring anything on is they want to,
first thing people want to know is how much capital do I need if I want to get
started? Like if I, how much do I need to have sitting around?
Yeah, it's a good question.
One thing with this that we can see is that, uh,
demand is far outstripping supply. Yeah. Um,
and so it's something that we were kind of scaling as we go.
I think the next opportunity to deposit will be,
we expect in around three weeks and you'll be able to deposit,
manage your own deposits and withdrawals through the UI.
And that's what we're working up to at the moment to answer your question.
Simply James,
the priority will be given to holders of the token in the project at the
moment. Will we be oversubscribed? We've already got expressions of interest.
Absolutely. Yeah. We're not going to take more than $250,000.
That is 100% for sure because we want to scale it up phase by phase.
And, um, and we will be oversubscribed.
The priority will be given to golden foxes.
So you need to hold 5,000 EB Fox, which I'm sure you probably do actually,
James. Uh, or you need to be a cunning Fox, which is holding 2000,
um, 2000 and you know, you still own those tokens, right?
They're just deposited into a staking pool and, um,
and we will make sure that when we open up the next deposit window priority,
we'll go first to token holders within the platform.
So if you want to come in for $10, fine,
if you want to come in for a thousand dollars, that might be possible.
10,000 might be hard because there's a lot of people that are kind of in the
queue waiting to come in.
Okay. Very good. And then you kind of talked about this,
but Dane would like to know, uh, which Dane, good to see you, brother,
dear brother in the Lord. Uh, but how long has this been running? You know,
we talked about this, Danny,
then anytime people hear copy trading or trading by or these are all words that
my initial thoughts are kind of woo. Uh, I hear Emmanuel sounds like a scam.
There you go. Um, so maybe you could talk about how long has this been running?
How is this going to be different than the bots that have been out there left
and right? And just tell us a little bit about that.
Yeah. Look, I think less, um, look,
I don't think you would have been in this industry for a while if you haven't
been burnt. Right. And this is one of the problems that we're trying to solve.
And, um, so look, you know,
most people who talk most trading bots are not going to deliver what they say
they let, they're going to deliver, right.
Because they don't use any sort of intelligent logic.
What this is ultimately is there is a bot which is acting on your behalf and it's,
it's ultimately copy trading real people. Yeah. And that's what's,
that's, what's very different about it. Um,
I think the chap or lady, cause Emmanuel, I think it was, which is a, I think
that's a, that's a, that's a, that's a gender neutral name, isn't it? Um,
yeah. So, uh, boy or girl or any of the other genders. Um,
I think it's a great comment. Like it sounds like a scam. And I think, uh,
you know, we we've all been burnt massively within this industry, um,
by various things like that. And, um, this is 100% transparent.
It's on chain, you know,
our community gets live updates every time a trade closes, none of this, you know,
you know, um, sort of like smoke and mirrors.
And there is absolutely risk.
Like anybody who tells you that there isn't,
isn't any risk in trading is, is, is, is, is a lunatic, right? So there's,
there's absolutely risk, um, in it. Um, you know, you can't, you know,
you can't get 15% in a week without carrying some risk, right. Uh,
it's not a bank deposit where it's insured and, uh, all of those things. So yeah,
no, if, if, if you want to get involved in something like this,
then the potential returns are very high. Um, but there is also some risk,
but the way the system is designed is that it,
it mitigates that risk by balancing it out. And actually we're not, you know,
we just the middleman, actually,
we just provide the infrastructure which combines proven traders and they're
proven, you know, like very objectively, right.
It's not like, Oh,
I think James is a great guy and he knows what he's doing. It's, um,
they have to hit very,
very clear metrics and they have to hit them over a long period of time.
And what this ultimately does is allows you without having any skill whatsoever
to, to assume the opportunity and also, also the risk.
Okay. Yeah. I love that you said that. Thank you for saying that. Um,
because yes,
the same principles that have held true since the beginning of time,
don't risk more than you can afford to lose is one thing.
Don't put money in here. This is not a sure, sure bet. Okay.
These are big returns that people are getting. This is crypto trading.
There's a lot of risky things all going together.
So do not put in money that you are not. Okay. If you lose,
it's going to ruin your life. Okay. Don't put that money in. All right.
I'm going to say this as clear as I possibly can.
A hundred percent, a hundred percent. And we even, you know, we, we look,
we've got someone asked how long this has been going for.
We've got four months of data, right? It's not a huge amount. It's not years.
Yeah. Um, so we've got four months of data and we've,
we've actively been doing this for five weeks.
Now we have one week where we have losses and a technical issue in the
same week. It was a very difficult week.
We should have been minus 16% for the week. And because of,
and basically the technical issues meant that four trades got missed and all of
them were winners, right? It's just your luck, isn't it? And, uh,
and it's because, you know, when you,
when you build technology and it's very new and that's why we've had it in
private, you have to kind of work through, you have to iron out kinks. Um,
but that's the idea of the system is that, you know,
nothing in this world is ever going to deliver you 5% a week return and have
zero risk. Um, but the system is designed to mitigate the risk. So if you're,
if you're copy trading on Binance,
you're going to get all of the benefit of the person that you're copying.
You're going to get all of the pain when they blow up.
The idea of this system is that you get to the shared benefit of a group of
proven traders across many different metrics.
And you also get a cushion there because all of your eggs aren't in one
basket. If Jimmy turns out that he's going to have a really bad week,
cause he's, I don't know, the cats ran away or whatever it is. Uh,
it's just simple logic. So we're not, you know,
we're not claiming that we have something that's going to make you 1% a day
and consume all of the liquidity in the world. It's,
it's something that uses an established logic already.
And it just balances this very carefully.
Okay. And then a couple, a couple of questions that we got some good questions
from the audience too. So audience keep the questions coming.
I'll bring those up. Um, first off,
so is everyone using the same bot?
So like when a trade closes or open,
like is that everybody that's in it is doing those exact same trades or is it
different for each people or how does that work?
Yeah. So what the system does is it splits into pots effectively.
And then it assigns those parts to different traders, uh,
which balances the risk. And if it doesn't have enough trades,
actually it keeps capital out as well. Um, so that, you know,
so that it's always managing the risk in a, in a very sensible way.
And ultimately everybody is sharing in the risk and also the opportunity of how
the, how the group performs,
how the box will perform as the group performs, um, ultimately.
Okay. Love that.
And then is there anything active that is going to need to be done or is this
pretty automatic where you, you, you connect, put your money in,
and then you can just watch the updates and get your profit from time to time?
Yeah, exactly. Exactly. So the way it works, which I think is great also.
So many things that we saw, it was trying to solve problems, right?
So the things I've talked about mitigate risk, they don't remove it.
Nobody can remove risk in trading, but they mitigate risk.
Other problems that we see with systems is, um,
management fees upfront, right?
So that means that it's all on you as the participant, right? Um, if,
because you know, I'm sure you can work it out.
Another thing is lockups, not being able to redeem funds,
not being able to have access to your capital. Um,
there's lots of other tricks that people pull that I don't need to go into.
So the way the system will work is that you deposit USDC and you'll receive a
redemption token back.
And the relationship of the amount of USDC that the bot has divided
by the supply of the redemption token will equal the value of it.
So you'll always be able to see a live value and you'll always be able to redeem
it at any time.
Redemptions will be processed every time there's a gap in trades,
which typically happens, you know, between,
between five and six times a day. Um, there can be the odd period.
Our platform lends itself to people day trading.
So it's very rare that people sit on trades for multiple days, but it can happen,
but it's very rare. So, you know,
you're not in a position where you have to wait a month. And,
and the good thing is, is that actually all, all of,
all of the information is on chain and you can manage the deposits and withdrawals
yourself automatically.
Okay. I love that. Um, Apex trade says, I come from the prop firm space.
This is a very solid model. You trade with real capital from the get go,
get real funding all on chain. So yes, um,
this is a much better than the prop firms. We've had a lot of,
my community has had a lot of problems with prop firms. So, uh,
Christian says, is there a profit split or how do you guys make money? Yeah.
Yeah. It's a good question. I think. Um,
so if you think about how copy trading works, it's, it's, um, you,
you typically copy the copy trader and then the copy trader earns a share of the
profits that they generate for you. Now,
the good thing about what we're doing is that we're already creating an economy.
So the first step we do is we incentivize the trader because we fund them and
then they get to keep 80% of the profits that they generate.
So they're already incentivized to perform. Right. And the system will, you know,
it's ruthless. If, if somebody doesn't hit a metric,
they get kicked down all of the levels. Right. So the people at the top, um,
you know, have to be pretty good.
It's very hard to be lucky and be up there with the best traders in our system.
Um, so, um, so from, from, from our perspective, we,
we make money on, on the trading fees, right?
Cause we are also the trading platform whilst we're also funding traders.
So for us, as, as long as the, the economy is there,
then that's our interest in it. We don't need to take a profit share. Uh,
we are considering maybe what, what a profit share could look like. Um, but yeah,
this is, it's, it's an open topic at the moment.
We're thinking about maybe a certain percentage would be used to buy back the
token, right? Which you can only be in the bot if you're a token holder.
So that's direct benefit for you also. So we're,
we're thinking about that at the moment, Christian,
sorry to sort of probably sound like I'm sidestepping the issue.
It's one of the topics that we're thinking, you know, how, how, how do,
how do we tackle that? Um, but, but for us, you know, as long as,
as long as there's volume there, then we, we,
we make money as a platform from the, uh, from the trading piece.
Okay. Yeah. And my, my community is pretty used to, uh,
I just start doing things and then I work out the details as I'm going. So, um,
any good startup, that's how it goes is you just,
you don't know how what's going to come out of it,
what fruit's going to come out of it. And so a lot,
some of it you're putting together as you go. Um, but it's amazing.
You guys do a great job of including the community in what you're doing. Um,
in fact, I I'm in a lot of discord servers. In fact,
I hit my limit and I have to leave like three or four every day.
And there are not hardly any of these communities I'm looking at that still
keep their people updated about anything. So, um,
Oxify is one that I'm like, Hey,
there's actually stuff going on in the Foxify discord server. So, um,
love that. Love to see you guys take care of your community. Um, let's see.
Arvin says, if you add more Forex pairs or futures, more people will join.
Yeah. Um, any, any plan? What, what are,
what are plans for funded and for the, for Foxify itself going forward?
Are you going to move more into that? Um,
is this bot going to be kind of more of the focus going forward or what's, uh,
what are you feeling going forward?
Yeah. Look, I think, um, look for us that there's three,
there's three really, uh, powerful components of what we're doing.
The first bit is the perpetual platform. The second bit then is funded,
funded now, you know, it's fairly short period of time is now live for four
months and,
and the bot has been in pilot and we move into the next phase in the,
in the next couple of weeks. So, uh,
once those three things are nicely settled,
then we move into the new year and then it's about expansion, um,
expansion of all of those things. So we're at the final piece of the jigsaw,
uh, in sort of that ecosystem, uh,
everything else running well and that final piece also running well,
when we're ready to start, start scaling that.
And then we'll be looking at this ambition to build sort of a funded pro
application, which is deeper liquidity, more pairs. And, um, and yeah,
there is definitely a scaling opportunity there.
Okay. Awesome. And Scott says,
since there is not much info on the site about the copy trade program,
can you talk about how to get into it,
where to go to find more info and can you do copy trading and the bot or is,
is copy trading? Okay. Yeah. You want to just talk about that a little bit?
Yes. I think it's the same thing he's talking about.
The reason you don't see anything is because you're getting the scoop. Uh,
there is no, there is no, uh, we haven't put out the documentation yet.
It's going to be coming out in the next couple of weeks. And, and if I'm honest,
you know, James is a great friend and, um, and, and this is super exciting.
We want people to come and join the community, join the Fox 10,
become a token holder, and that will give you priority access.
We do not expect any, um, we, we, you know, we,
we expect to be oversubscribed, right? Quite comfortably. So, um, we don't, uh,
so if you, if you want to take part, get yourself in the community, um,
ask what a golden Fox is, um, 5,000 EB Fox,
make sure golden Fox will become a cunning Fox. And then you get in,
get into the community. You can see, by the way, you,
you go into the Fox 10,
which you'll get access to as a token holder and you see the live trade updates,
just scroll up and you can see them. There's none of this, you know,
at the end of the month, we'll tell you, you know,
we'll kind of tell you what might or might not have happened.
You get absolute live automatic updates from the blockchain, uh, in the chat.
So you can come and make yourself at home and by being in that community,
you will get, you know, priority access. Um, otherwise, yeah, if I'm honest,
I don't think there's going to be any access outside of that community.
Okay. Love that. And I love that. Um, that should give people some confidence.
Um, you know, whenever anyone is like desperate to get people in,
like please come join, please come join. That's a,
you just want to be a little bit, you know, just keep an eye on that. Um,
so the fact that there's more demand than there is supply. So it's like, Hey,
we're limiting to our community. We're limiting to Foxify token holders. Um,
it's not a money grab. Uh, Danny,
we've seen Danny in the space long enough where he genuinely just wants to use
DeFi in a way to help people. Um,
and so I've always appreciated about them many times that Danny could have just
pieced out like everyone else has done. And he's not done that. So he's, uh,
he's stuck around and really, really appreciate that.
Yeah. Yeah. We wouldn't, if you offered me a million dollars today,
we wouldn't take it because I think there's a, there's a, there's a, um, you know,
we, we, we believe we've, you know, we're building something that's,
that's the longterm and, uh,
and you have to scale into these things in a, in a very sort of like,
in a very sensible way. Um, you know, the first week actually we did 20, the,
the, the, the, the, uh, master traders as they're called did 24% the first week.
So, you know, naturally you think, wow, you know, my friend of mine said,
imagine if you had a million dollars and made 24% in one week where that's,
you know, it's a little bit fairytale.
When you start getting into those sorts of sizes and more sophistication
required. And so yeah, slowly, slowly catch a monkey, but you know,
now is the time to be in the community and be early.
Okay. Love it. Um, some of these we already talked about,
but I will just bring it up and let's see any minimal amounts,
any settings to adjust, or is it fully managed by the traders?
How many traders total are in the bot? Thank you all. Thank you. Quarter mile.
Great questions on Danny's face is stuck on. And that's a good,
usually he's stuck on more embarrassing poses than that,
that Danny, that's a good one. This could actually be your profile picture.
You got a nice smile there. Um, but I believe, you know, maybe we pitch in,
let's say if, uh, this Foxify bot, um, if I make a million dollars on it,
I am going to give Danny new internet at his house. That's a,
that's my bow, uh, with this, with this bot. Um,
but we'll get back to that. Did, let me see. Is there waiting for Danny? Wait,
he moved. He's back. He's back. He's back.
It throws you on a really nice picture though.
You just had a nice smile on your face and it's good to hear. It's good to hear.
Yeah. No, good question. So it's completely passive.
So you don't have to do anything. I think that's another thing,
like with a lot of copy trading, um, it's, uh, it can put some pressure,
I think on the person that's copy trading as well. Right.
Cause they then start having to make decisions around the person that they
copy. Uh, the idea is that the bot is effectively, you know,
taking your capital and then spreading it across multiple accounts. Um,
the target is minimum six at any one time,
mainly because that means that even if somebody suffered a hundred percent loss,
you know, then, then you would be experiencing the 15% drawdown.
If the other five are up, you know, 10% that week,
then it absorbs the losses of that one trader that's had a very bad time.
So we always make sure it's sort of shared out. And, uh,
and even if there isn't,
cause sometimes people get demoted and you might not have enough traders that,
uh, that have met the criteria at that point. And, you know,
rather than being greedy and hunting for opportunity, uh,
instead what we'd do is the bot benches a portion of the funds
actually until someone meets that level again. Uh,
so it always tries to keep it split to six spots.
Okay. Love it. Good, good answers. Quarter mile. If you have other questions,
feel free to ask. So quarter mile always has the good question.
He gets right down to the brass tacks. I appreciate that. Um, let's see.
So it copies some number of the top traders, correct? Yep.
That's basically how it works. Very cool. Um,
Paul says Fox buys very transport transparent to us in discord. Yes.
Um, and I love that. And Danny always will be right. Danny always
100% good or bad. You get it straight. Yep. Um,
when NFTs Danny, uh, good question. Good question.
So, uh, yeah, soon. Very deep.
I answer very, very deep. My answer. Very soon. Very soon. Just to explain,
we're not here for this, but just to explain, um,
we basically just had to go backwards a little bit. So, uh,
we were upgrading our NFT contract. They were free entities, by the way,
these are things that have been sold.
So we're upgrading our NFT contracts for people who need to merge across the
new ones. And there is a free NFT mint for some people that have already,
or I've already earned the right to have that.
And we've had to go back to test net and redeploy and, uh,
engineers are working through that at the moment. But I think, uh, I think,
you know, I think, uh, if I know Paul, he's,
he's looking for something to ask when about
people, that's a popular question. I will say, um, Jay fit,
don't forget to like the video, click on the thumbs up button. Yes. Jay fit,
you know, what's up, you know, what's up, uh, Kyle, excuse me, James,
where are your led lights? I was hoping, you know, one would notice they fell.
And I have just not had the option to put them back up,
but it's on my to-do list. So, uh, if I get, you know,
start getting through some of these apps,
which I will talk about my app program here in just a little bit,
I will next on my list is clean up this desk behind me,
get into Foxify kitsune and put up the led lights. So that's,
that's on my to-do list. Um, Scott says,
so basically buy Fox to get status that gets us access to the deposit money into
the bot. Yeah. There's loads of other benefits, by the way,
if you're in the Fox den, you know, apart from being part of the community,
we do monthly giveaways. There's a certain amount of free trade.
It's just a random pick of winners. Uh, and anything we ever do,
we always give sort of priority access to, to, to our private community as well.
So there's lots of other benefits, but in short, yes. Yes.
And the token has been going up. So I saw the token has been doing pretty well.
So more recently. Yeah. Yeah. Yeah. It's like,
like almost every old in and certainly trading,
trading platform tokens really to be in the last few months, but yeah, no,
definitely, definitely stabilize the last two months. And we've seen,
been seeing some upward trajectory from a very low FDV now as well.
And, um,
that we've got some predictions actually in terms of the impact that kitsune will
have on, um,
that it can have on overall sort of like token price and a volume of fees on
the platform. 30% of all trading fees go to buy back the token.
They get distributed to the staking ports. Um, and so, you know,
you imagine we put, you know, 200 K plus in this box, uh,
which is the next phase that we'll be scaling up to, you know,
it's very reasonable to expect sort of in the region of 5 million a day volume
10 million peak days, even more than 10 million. Actually,
we saw around 2 million with a much smaller amount. Um,
and those sorts of numbers create crazy buybacks, crazy buybacks. There's a,
yeah. In terms of what this can do for, for,
for the token and the project overall, it's, it's,
it's a super exciting time to be in.
Okay. Very good. And got Sandra Kelly. Hello, James.
I'm new to your channel and your new partner, Sandra. Thank you for joining.
My mom's name is Sandra. So I appreciate you being here, Sandra.
Thanks for joining. Um,
Sandra P that's right. That's mom. Uh, Danny,
what's it like living in Anne Frank's attic? Uh,
we were talking about this,
how my place looks bright and somewhere in white colors and I look so bright and
cheery and Danny does look like he's living, uh, yeah.
So you guys know he's not stealing money and you know, look,
look where he's recording from. Okay. That's legit.
It's legit right there. Yeah. It's one of my favorite,
cause you get a lot of fun in this industry.
You can't be in this industry for a bit without getting some fun. And yeah, my,
my favorite fund is one that I'm enriching myself. And then the, the, the,
then, then the next day, the fund you get is that you're broke anyway.
And I'm like, well, which one is it? Which one is it? Am I enriching myself?
Or am I, am I broke? You can't, can't be both.
Even the podsters can't agree with each other. Oh man. I get that all the time.
They're like everything you, everything you get in falls apart.
You're just making money off of all of us. Yeah. One or the other,
even everything's falling apart or I'm making money. So yeah, absolutely.
But I do, I do take that as an anti antisemitic remark as well.
Oh yes. Sorry. I'll probably get demonetized. Um,
I'll probably get demonetized. Apologies. It was a comment. It was not for me.
The comments do not express the views of James Pelton or Danny. So, um,
are you able to set an equity protection? Uh,
you talked a little bit about that. Do you want to dig into that at all?
Yeah. So you, you effectively have equity protection anyway. Um,
because, because of the way it's distributed. So you can set equity. Well,
I think what the question is talking about is you get equity protection in copy
trading because the person could two X your money or they could lose it all.
Right. So by setting equity protection,
it basically sets the limit of where you say, I don't want part of this anymore.
So the way our system works,
there isn't an equity protection in there because it would need to be,
it would have, there would have to be a consensus across everybody,
which is obviously impossible to achieve. However,
the probability of everybody blowing up at the same
time is, you know, is next to zero, right? So, uh, you've, you've,
because of the way the system works,
you've effectively got a lot more equity protection than you have in standard
copy trading because of the nature of it. And you know, if you saw some drawdown,
if you saw it go down 10% and thought, Oh, I'm not about this life,
then you can redeem and you can get your funds out.
Okay. Love that. We got comments flying in. I got to catch up with them.
Danny, is that a grape in your hand? Uh, this is a bouncy ball.
Okay. You're a fidget or two. I have a golf tee that I've been fidgeting.
Guys, I've been golfing. Okay. Sometime I'll talk with you. Uh,
I've been golfing. Um, sometime we'll talk about that,
but that's not what we're here for today.
But have you, have you, could you got a jumper on?
I can't tell what your physique is like. Have you still been gym in it, James?
I have, but you know, I've been losing a lot of weight golfing. You walk a lot.
Yeah. And, um, so I've just, I've been losing weight.
So actually I need to start eating more just cause I've been eating about the
same that I normally do, but been walking a lot.
So I'm kind of, kind of shrinking down a little bit. Some people say they like it,
but, um, I'm getting back in the gym though. I was in the gym this morning.
Yeah. Um, let's see. Need to buy ed Fox. Actually that's staked Fox. Correct.
Yeah.
Earn and burn Fox because it earns you more Fox and it also actually burns
because our tokens deflationary we're very committed to deflationary sorts
economics. So rather than sort of tokens being minted,
which is happening on most perpetual platforms,
our token supply is always just slowly reducing.
Love that. Love that. Love reducing supplies. Um,
stakers get 30% of the trading fees revenue as rewards.
So if you stake Fox token, you get in a, you get some of this, is that correct?
Yeah, absolutely. So 30% of the fees get sent to the staking pools.
I am curious. Uh, why don't we look right now? I think that,
I think the APY is pretty high, pretty high at the moment.
Let's have a quick look. I think on the EB Fox port is 69% at the moment.
69.71%.
That's pretty good. That's pretty good. Um, peasant for hire says, are we rich yet?
Yes we are because we have each other richer.
That's right. Um, type four for four in the chat. If you like James new haircut.
Yeah, please do. Um, Irina who does my haircuts. If you're watching, thank you.
People seem to like it, but yeah, if you like it shorter, um, let me know.
You guys have to watch me. I don't watch myself.
So if you guys want different hairstyle, let me know. Um, let's see.
Dane says I didn't get the answer to minimum investment amount and Danny space
is stuck again. Um,
this is not quite as flattering as a view as his last one.
Let's critique Danny and his look. First off, he needs a better camera.
It's very pixelated. He needs better lighting. I mean,
look at his lighting and look at my lighting areas. He's back.
He's back.
Minimum minimum investment amounts where it's not an investment because um,
you know, we don't like that word, uh, from a regulatory standpoint,
word investment. Um, and uh, but if, if you want it to deposit,
um, yes, good point. Actually we haven't, uh,
we haven't actually set like a minimum amount. Um,
they haven't set a minimum amount, but it wouldn't be crazy.
Maybe a couple of hundred dollars, but we haven't set the minimum amount yet.
Okay. Very good. Um, let's see, man,
here we go. The marquis decided, I think in the current sort of like pilot phase,
it was $250 and Mark is right. Okay. Yeah. So if you're, you know,
if you have 50 bucks or something like that,
it's barely worth the gas fees of getting this all set up. So yeah,
250 sounds like a good minimum to get started. Um,
Dane says Starlink baby.
If you made 5% a week on $50 it's yeah. $2 15.
You get yourself a coffee after a few weeks now.
There you go. There you go. Except for inflation.
It might have to wait if made a way to feel a few months. Um,
Sandra says your mom has a great name. Yes she does. She does. And so do you,
Sandra. Thanks for joining the community. Um,
I'm happy Danny has found a camera stabilizer came a long way from the
beginning. Talks with his hands. Uh, yeah, that is nice. That is nice.
Danny actually docs on my channel for the first time way back in the day.
Yeah. Um, and yeah, I feel like your setup has improved.
I got that nice painting behind you.
No, that was always there. Cause I think you asked me if I, if I drew that,
I'd um, to be fair, I,
I had a camera on my laptop and it's not there now.
So I think the picture quality is worse,
but there's less sort of like wriggling around.
I kind of feel like people who give me some pretty harsh feedback about my whole
setup. They've, they've said, you know, people like you, James, you know,
you're so well manicured and I almost feel like this is so real and this is me
now that I don't want to change it.
Authentic. Authentic. I get it. Um, let's see, James,
talk about your app stuff. You making any dough? Yes.
And actually I've been working with Danny to potentially talk with the,
you do a special for the Foxify community or something like that. Um,
the reason we haven't done it is just because I've been having so many people
sign up and um,
it's one of those things where I need to grow slowly or else I'm going to die.
Um, but basically you can submit an app idea and I'll look through it.
I'll put together an app plan, how much I think it could make,
the direction I would take for monetization,
how long I think it would take to build. Um, and you can do this for free.
So right now if you want to just go submit an app idea,
I will take a look at it and um, I have about 15 in the queue,
so it'll be a couple of days, but I will get back to you with, Hey,
here's what I think your app could do.
I think that's a viable app. I think we could do this.
I've turned up a lot of way. I've said, Hey, you know,
that'll take two years to build. Probably not going to make any money. Um,
but yeah, feel free to submit your app. And then if it's something you want to do,
I put together a team, uh, designers, programmers, AI. Um,
I'm using AI extensively.
I'm going to be doing some more videos about that, about how I'm using AI. Um,
but basically my team will put this together for you for three 97 a month until
we get it into the app store, which we aim for three months. Um,
sometimes it's bleeding over into four months. Um, if you're looking for like a,
you know, augmented reality, three D it might be longer. Um,
but I'll tell, I'll let you know upfront, Hey,
I think this will take us two months. I think this will take us three months.
And then once we get it into the app store, we switched to a 50 50 profit share.
Um, I love profit share because it's just, we're aligned. I make money.
If you make money and then we're just both aligned to try and make some money.
Um, but as I've been discouraged about defy and investing in general, um,
I was like, you know what?
I just want to kind of put things into my own hands and my audience's hands.
So I would like this to be a way for my audience to get financial freedom.
Um, again,
this is how I made my money was I built an app and made a lot of money from it.
So I figured, you know what, let's just,
let's do that instead of giving our money to other people.
It's like an idea factory. It's like,
it's like pump fun without the scam.
Yes. Yep. That's exactly, it's exactly what it is. And it's honestly,
it's been fun. Even people that I don't have doing an app with, um,
just working through their app idea and being like, Hey,
this is what we would build. And sometimes they're like, Oh, in six months,
I'll have enough to go ahead and sign up. And it's, it's been a lot of fun.
Me and Danny were talking about app ideas, uh, right before we got on here.
He's got a good one. Got to sign up for the program, Danny.
Um, but yeah, and then, uh,
people can be as involved or as little involved as they want.
So I have a few people who are wanting to choose the colors in the app and then,
but my team's equipped to handle everything. So it can be completely just passive.
You bring the idea, give, give feedback as we're, you know,
I send screenshots and things like that, but it's been a fun program,
but it's been a, it's been keeping me busy.
Let me, let me pitch you an app idea live. Here we go. All right, let's do it.
Here we go. So take you seriously though,
because my heart and soul has gone into this. Okay. So, uh,
guy knows gay and he told me about this app, right. Called Gaydar. Yeah.
And, and it will tell you where other gay people are, right?
This is the real thing.
This sounds like it's from the office.
Yeah, this is from the thing. He told me this, right?
He might've been pulling my leg, right?
This is like he's staying away in a hotel and he can check the app and he can see
there's someone else in the hotel that's gay. Right.
This is quite a while ago. He told me this, maybe it's not around. Uh,
but so what about this? Right.
Us gingers have got to look out for each other. Right.
So what about an app that lets you know where the nearest ginger is? Yeah.
Cause they might, they might have some sun cream, you know,
they're probably equipped for, you know, ginger pitfalls. Right.
And we were, you know, maybe the customer base is shrinking.
That's maybe an issue. Um, is there's less and less gingers in the world. Um,
but just, just, just an idea thrown it out there. Um, you know what I like,
how would we monetize this app? Do you have any thoughts on that?
Do you think people would pay? Do you think I would pay sick?
Would you pay $6 a month to see what gingers are in your area? Um,
I think it's, it's a, it's a need rather than a want, if I'm honest, I think
it'll be that one time that you'll burn to a crisp because it's drifted over 15
degrees Celsius that you will wish that you have this app. It's a pain cell.
It's a pain cell, James. You know, I am tempted just to build this. Um,
I'm tempted just to build it just to show you that I can do it.
I think I was gingers are so persecuted and I know it's a strong word,
but I'm gonna like, this is a true story, right? This is a true story. This is,
this is gingers in British culture. True story, right? I said,
my uncle is a bit of a joker. I said to him, I said, uh, I said, you know,
gingers are one step above pedophiles, right?
And in terms of British society and he said, Oh, don't pick yourself up.
Wow. Well, we got, we got a lot of good suggestions in the,
and that is it. I think we need, it's about time. We need, we are,
we need to stick together. We need to maybe,
I think it's a little bit of Libya that we could have maybe just move some
people left, right. What's the worst that can happen, right?
Yeah. We got an app named tinger. That's, that's a good one.
The problem is us gingers don't breed with each other.
You find two gingers in a relationship. It's because we're so deep down.
We're like, there's some demons and we're like, we,
we're biologically now set to not reproduce. We're killing our own time.
It's true. But then they sneak in, you know,
like these redheaded kids sneak in five or six generations down the line and
we're like ninjas.
Have you got any redhead kids?
I do not,
but my brother who's a brunette and his wife who's a brunette,
they have a completely ginger daughter.
How much did he call you ginger names when you were younger?
No, I was older and larger and uh,
I was a little sensitive about the redheaded. I got,
I got picked on a lot at school when I went to high school. I got a lot of,
yeah. Yeah. Yeah. I don't, I'm,
I'm quite upset that people like peasant for high.
I think that in this day and age it's okay for him to use the G word. Yeah.
No, yeah, no, no kidding. Defensive term. Yeah.
Me and James can throw it around, you know? Yeah.
Cause we're part of what it was like for us and our ancestors. Yeah,
that's right. We have a lot of persecution coming from, from red hair. Uh,
let's see. Danny staking up Fox for ed Fox is at 0% right now.
If you use Ethereum, right.
Foxton access is at a discount.
Good hack. Good hack. Very, very, very true. Very true.
Okay. There you go. Hack right here.
And, and Fox is paired with ETH. So if ETH,
I saw the market is pulling back quite a bit,
which would mean that the Fox token will be affected by ETH.
So you might have a good entry now. Not financial advice.
Not financial advice. Never is. Um, let's see.
Played my last round of the season yesterday. Cold is coming. Yes.
Winter is coming. Um, I,
I did set up a simulator in my basement to prepare for the winter here in
Lincoln, Nebraska.
So I will be playing downstairs, um, through the winter. Hopefully,
maybe by spring I'll be good. Who knows? Who knows? We'll see.
When you say a simulator, do you mean like a, like you've got like a,
like you can like a driving range, but it's like a computer game, right?
Yeah. Yeah.
But there's a screen down there that you can just hit the ball right into.
And then there's a little monitor that watches the ball to see it spin and how
fast it's going. And then you basically hit into the screen.
And then on the screen, it just goes, Oh, here's where it would have landed.
And you can play. I'll do a video sometime on it. If people are interested,
comment golf,
if you would like me to do a tour of my simulator and maybe film me,
I'll show you how bad I am. You guys can give me tips. Um, I would love tips.
I'm so bad. I don't know how to get better. So the more I practice,
it seems like the worst I get. So that's discouraging, but it is what it is.
Um, let's see. Ouch. Hate the gas costs on aetherium. Uh,
this is not aetherium aetherium though. This is base aetherium, correct?
No, it's arbitrum. So less than, less than a cent typically is what you'll,
what the gas costs will be.
Okay. So don't let the gas fees scare you too much. It's not aetherium.
It's not aetherium on aetherium. It's aetherium on arbitrum, which is cheap.
So, Oh, there we go. Scott, Scott answered for me.
Aetherium on arbitrum is almost free. So yep. Love that.
Um, Fox for Fox stand across. You need for access.
You need to hold 2000 F Fox to be a golden Fox. You need to hold 5,000 F Fox.
Thank you. Jay. Jay. You've been very helpful on this video.
I would appreciate it. If you show up to all my videos, uh,
Jay would really appreciate that. Um, all right. We got anything else? Okay.
We got some people commenting golf. So they want to see the simulator.
I'm going to do a video on my simulator. Um, cause I'm really enjoying it. So,
um, let's see. Do we have anything else we need to talk about? Can we, can we,
can you come back on more often, please?
Like I get so discouraged in the space and I just get people,
you should see my Twitter DMS right now. It's just all this.
Coins went on and I'm just like, no, I just, I can't bring a cat coin on.
I'm sorry. I spoke, I spoke to Jamie earlier, actually, you know, crypto Jamie.
Yeah. Yeah. Yeah. Yeah.
We should do something with Jamie cause he's a great personality, isn't he?
He's a, yeah. Oh yeah. Yeah. Yeah. That would be great.
We should just bring you on. Even if we have no updates,
like we don't have to only bring out an update. Like I'll tell you what, right?
We're going to do this. Let's do this. I'll commit. I was too busy. Right? I,
so I hope you're not offended by this.
So I got one of the team to go and find all the pictures of your silly thumbnail
faces, James. Right? So I've got a collage of you going,
Oh no, this is like, this is true.
I have a collage.
And the plan was that I was going to is going to share this collage in the
community and ask everybody to come up with a funny name for each one of the
faces and then share our three favorites.
So I think next time we catch up, we should, we should catch up soon.
And, uh, I've, I've got the collage. I'll get it, you know,
another reason to get in the Fox den.
I will share this collage that I've put together like a, like a psychopath,
um, uh, of James is funny thumbnail faces.
And we'll, we'll come up with some funny names and we'll,
we'll tell him that the top three next time.
This is my worst nightmare. Um, I hate my thumbnail.
I love my thumbnail designer.
I understand you have to make weird faces if you want views, but I hate it.
My brother's always sending me, it pops up on his TV, on his YouTube app.
So I'm just my face making this funny face and he'll just take a picture and
text it to me. I'm like, Oh my gosh. Um, but you know,
I can get back at you.
I can start taking screenshots of all your frozen internet faces.
Those are pretty funny sometimes too. So just, you know, watch yourself.
Always quite a sexual, aren't they? I'm always like,
I was, I was saying the, uh, the, the YouTube, uh, face is,
it looks like you've stepped on your kid's Lego barefoot.
Oh yeah. Yep. Yep. That's it.
He said, look shocked. Okay. And my, my normal shocked faces.
He's like, no, you have to look, make it more dramatic. And so I did.
So, uh, Frito's here. Hello Foxes. Yeah, I think we're wrapping up.
I don't really know where we're at right now. Um, Gingerman's club.
So yeah, we've got some good, good names.
Submit your best name ideas for this ginger app.
And if I find some free time,
I'm going to put this together in honor of Danny. Um,
I'm going to use Danny as the face where, although, you know,
especially in the dark, your hair does not really look red at all.
So I've been, I'm a recovering ginger.
Do you diet or is this is so I've been accused of that,
which hurts my feelings because I am true to my, uh, Redwin. Um,
but it's, uh, no, no, no dying. But I was, I was as ginger,
if not more ginger than you as a kid.
Okay. So when I grow up, maybe I'll lose it. When I grew up to be older,
like you, maybe I'll, maybe I'll lose it too.
I'm still expecting to see you in these. Um,
I feel like they stole our idea.
You've got these people doing the crypto boxing matches now, haven't you?
Yeah. You know who, uh, who knew I'm, you know,
to be totally honest, I watched a boxing video.
I think it was warrior and I just watched guys get punched in their face.
And I I've never been punched in my face.
And I think I decided I would really prefer to go my life without being punched
in the face.
So I kind of got a little afraid of it and just a little kind of turned off to
the idea. What if we did like wrestling or golf or
um, yeah, golf that, that'd be what a fun watch.
What a fun watch the windy field.
Perhaps if we can find something that involves less me getting punched in the
face and you've never been punched in the face.
No, we, we got along pretty well. Um,
I actually have five brothers and never been punched in the face.
That's insane. That must be a record.
Yeah, it might be. I mean, they're all kind of like me,
like one of my brothers, Sam, if he's watching,
maybe I shouldn't say my name, but he was a,
he was quite a bit younger than me and I would pick on and be like,
you're such an idiot. And he'd be like, Oh, I'm so sorry.
What can I do to be better? And it was like no fun to pick up. I'm like, well,
so I think, I think,
I think me and my brother have punched each other in the face more,
more times. Yeah.
Like a hundred times more than I've either been punched or punched anyone else
in my life. Easily. Wow. Yeah. A lot of punching,
maybe cultural thing. Nebraskans don't punch.
A rip off of white men can't jump.
Nebraskans don't punch. Uh, anyways, we should, we should hop off here.
I think people have things to do. We should bring you back more often though. Um,
any, any final things you want to point us to,
if people are wanting to get involved, best thing to do, hop into discord.
That would be step number one. I'll, I'll post that link again. Um,
hop in there, just get to know the community. Again,
one of the only communities that I'm in that is still, um,
active and still friendly and not just complaining. Um, there, I mean,
there's a lot of discord communities that are just,
when are we getting our money and things like that. Um, but yeah,
go hop into discord links there in the comments. Um,
and then if you want to be kind of first access to this,
buy some Fox stakes, some Fox,
get some ed Fox and just be part of the community and they'll keep you updated
and a good things to come.
So they keep moving and they keep doing things and I appreciate that. Um,
but Danny, any, any final words,
any inspiring words for us to get us through Tump day it's Wednesday. Any, uh,
give us a, give us a quote, a world famous quote.
That's going to stand the test of famous quote. Uh, Oh,
yeah. What am I? Yeah. Um, yeah. Well,
I think we've talked about this before. I think whether you believe you can,
or you can't eat the way you're probably right. I think it's the Henry Ford quote.
It's one of my favorites. Um, so yeah, always, always remember is, um,
yeah, you, you are 99.9% of the reason why you're going to fail at something.
So if you pre decide it's not going to work out, you,
you'll probably prove yourself. Right.
So have a little bit of hope and belief, ignore the haters fight on,
you know, uh, yeah. Success comes from your failures actually more.
Yeah. Yep. Learn from your failures. Don't, don't wallow in your failures.
That's something I've had to learn is like, um,
failures are only useful if you learn from them and move forward. Um,
but we tend to, you know, we get this regret and it's like, Oh,
if only I had done this, this and this. And, you know,
even as the markets go up, the markets going up can be really hard for people
because a lot of people, you know, had to sell when they was down,
they didn't think it was going to come back up.
They needed to pay some bills or whatever.
And actually I see more depressed people when the markets go up, um,
because you're starting to see other people's wins and you're like,
why don't I, Oh, I should have had bought Bitcoin at 16 K when,
when James made a video saying buy at 16 K. Um, and, uh,
so just don't regret, don't compare yourself to other people.
Don't regret things that have happened in the past. You,
you pick up today where you're at. Um,
and you just make decisions today based on what you want going forward.
So love that. Uh, fail forward, keep it simple, stupid, all good advice.
Um, and you know,
follow for more wonderful quotes and good advice and
possible ginger apps. So, um,
we will go ahead and wrap up there.
Thank you Danny for giving me an AMA that is,
is enjoyable and fun and a project that I'm excited to talk about. Um,
good answers to all the questions audience. You guys are amazing.
Please hit like on the way out, hop into the discord for Foxify.
So even if you're, you're like, you know what?
I don't know if this trading bot thinks for me, I've been burned too many times.
Hop in, hop in the discord and just see,
see the trades as they're going rejoice with people who are doing well. Yeah.
That's something we all could do as a community.
When you see somebody who's been looking for financial freedom and they have
achieved something, rejoice with them. Don't be jealous and say, no,
I wish they'd failed to hop in the discord and just be like, Hey man, congrats.
You were up 15% this week on your copy trading with the continue bot. Um,
you know, rejoice with them. And, uh, that would be great. So thank you guys.
And Danny, thank you for hopping on and we will stay in touch.
I'm sure we'll have an action. Cheers guys. Bye-bye. All right. Take care,
everybody. Have a great rest of your day.
Look forward to one of my strange thumbnails probably come in tomorrow or
Friday. God bless you all and talk to you later.