Passive Income NFTs from Revenue Made Through Cleaning Skyscrapers With Drones

Hey everybody, this is James Pelton. I hope you're having a wonderful Tuesday so far. I've had this on the calendar with Skyfi for a while and I've been very excited because drones are actually one of my like big hobbies. I have some DJI drones that I just love flying them around. My kids love them and so I'm always on the lookout for people using drones in a way that's actually useful because a lot of drone usage is just kind of for fun. It's not really doing anything but excited to talk through some actually using drones in a way that's beneficial for people. We got the full team here so appreciate you guys all hopping on. What I need from you guys in the audience is please hit like as we're getting going here and then if you have, let me know if you have any drone experience. Have you flown a drone before? What's your favorite drone? What's your favorite drone that you've ever flown? What do you think drones could be used for in the future? And I'm excited to talk with you guys about that as well. So as we're getting going here there's quite a few of you so we're going to keep introductions pretty short because we could probably spend you know 30 minutes just on introductions. But if we want to start with Greg and just kind of go I guess just kind of to the right then we'll go Greg, Ben in that direction. Do you want to just do a quick introduction your role in the company and then we'll go from there. Yeah sure man. I mean so basically I'm Greg. I'm the CEO of Skyfi. You know the whole team we've known each other quite a long time. I mean that's quite a nice thing is that we're not just these guys that have met on the internet and just jumped in together you know. So I mean I've known Ben for X amount of years. I've known Martin for 12 years. I've known Kyle for three years. So I think everyone here on the team we all bring our own specialities into it. Like for example myself I'll let them tell you about themselves but like myself I was in marketing. I was in sales you know and I had quite a big team of commercial reps behind me before. So I mean basically that's a little bit of my background into this and then obviously crypto. I've been into crypto for quite a while. I was in crypto when Bitcoin was less than three thousand dollars you know hindsight. But yes I mean basically yeah so that's my experience. I mean we're just normal guys that all got together and put together a project. Love it. All right let's go over to you Ben. Yeah so my main role with the company I very much in control of marketing. You know setting up meetings trying to pull in new community members to get these projects off the ground. My background I used to be a teacher. That's how I met Greg. I've now been full time crypto for two years thanks to the last bull run that we had. Touch wood that we're coming into a new bull run now. So yeah that's me in a nutshell. So Brent come to you. You can go with me. My name is Brent. I am the community admin moderator and a lot of my background is in real estate actually. I've been in real estate for about 10 years buying selling holding analyzing the whole nine yards looking at or looking personally at the commercial real estate and luckily this kind of falls right into play. Awesome and Martin. Good evening. Yes I'm Martin. My background mainly is in the supply chain. I develop telecommunication networks in Africa. Maybe part of my time but also built the manufacturing agency so specialized mostly in project management and supply chain. But I also cover finance for the initiative. I know the team for years and very positive nice outcomes to come. Okay very good. And then last but not least cow stick. Hey this is Kyle. I guess it picked up on my on my username from using StreamYard before but I lead the dev teams sort of the technical expertise on the team here. I handle all the smart contract development or oversee that and then myself my background is largely you know in business as a strategist and journalist. So I just bring a level of expertise to the team. Okay very good. Well it's awesome to have the full team here. So if we have questions about anything in the project there's no excuse to not be able to answer it because we got the whole team here. All the the knowledge parts of the project. So let's go ahead again. Assuming people have never heard this is a project called Skyfi. Do you guys want to kind of give whoever feels most qualified. Maybe you can you know do do this thing to figure out who's going to do it but give kind of an elevator pitch for what is Skyfi and what you're trying to accomplish with it. Okay so Skyfi actually we are a launchpad. So we are a launchpad when it comes to businesses. So what we do at Skyfi is we go through we go through more than one business that you know and we evaluate what this business is trying to achieve. We go through step by step with the business on on what their projections are on what their goals are and I mean for lack of a better word then we fund this business. So how do we fund this business? So us at Skyfi projects we sell NFTs and then those NFTs I mean I think James you've been in that same position as us you know where you have projects that say they've got utility but the utility don't exist. So for us the utility is mostly real world projects, real world companies. These are generating revenue. We identify them, we fund them and then in exchange for us funding them then they share their revenue with us. So I think in a nutshell that's that. So our first project here is DroneTek that we're doing with Skyfi. Now DroneTek is a company in France and you were speaking earlier about DJI drones. So these drones are actually built via DJI and they are done through a company called KTV drones. So if you I mean anyone can google it KTV drones. They are the leader of drones in the working drone industry and what I mean by working drone industry is that they can do cleaning, they can do painting, they can do installation. So basically they can do everything that manual labor can do but at a lot cheaper cost as well as much quicker, much more efficiently. Now at the moment how it stands in France and this is why France was so interesting for us and we're really excited about it is that the laws in France is all buildings have to be cleaned every 10 years. So this is not just a once-off cleaning project you know. A building's not going to call you once in a while to have their building clean. They actually have to have their buildings cleaned every 10 years. But most buildings get cleaned a lot more often than that. You also have your glass buildings. I mean obviously your glass buildings you're not cleaning them every 10 years. Those will probably be cleaned every couple of months. Where drone tech comes in is in France at the moment these buildings are cleaned in one of two ways. They're either cleaned by people that are hanging off the side of the buildings on ropes and giving a good scrub down or they are cleaned by people that are building scaffolds going up. So here you're looking at costs when you're looking at labor costs you're looking at time. Drone tech is about 66% cheaper. So I think there you've got it there's about 45 euros per square meter if it's done manually. But yeah with drone tech they are envisaging about 20 euros per square meter. So the market share is absolutely huge. So yes I mean basically then with drone tech what we have is so we'll provide the funding for them and then they give us a share of their growth revenue which we then distribute to the NFT holders as part of our award system. You know so really bring a real utility to NFT holders. You know which I think that the big problem is with a lot of projects you always need new investors to pay off the old ones. Where the beauty with us is we don't need anyone new. You know once we've reached our market cap which is 3,000 NFTs that's it. You know we're not minting anymore. We don't need to raise more. We don't need more money to come in to pay the first people that arrive. It's all now really based on live revenue from the existing company. Okay no I love that you you're right. I've actually I've never seen a project that you know falls apart because it has to pay old investors with new investors money. That never happens. No yeah we see a lot of that. So I love that you guys are doing that. You're only doing revenue based things. A couple questions I had about your launch pad and then we'll talk about the drone part particularly. That's the part I'm really excited about as well. So do you currently you currently have one project you're working on? Are you planning to do like one project at a time or what's kind of the model that you're looking to do? No we actually have quite a few projects on the go. I think I might pass that over to Brent because Brent's been in discussions with quite a few. But no we definitely we're not a one project wonder if that's what you're insinuating. I mean if you actually have a look we are the same team behind Canafox. So it's the same it's the exact same model that we've used. So we do have a project behind us and we do have more projects in front of us. So I think maybe Brent if you want to jump in there brother. So we like Greg was alluding to we do have a sister company Canafox that or I should say they were founded and we're getting really close to changing this model over from a proof of concept to a proof of work. And then within Skyfi we actually announced this last weekend that we do have another partnership that is in that final stage and that next partnership is actually going to be a cannabis extraction company that is going to be in Thailand. We do have at least two more that are very close to making it through our due diligence process. So I mean I'm not going to speak to that at this point in time because we're not quite there yet. But we do have two more beyond the beyond drone tech and this new cannabis extraction company which will have more information coming out in the next week or so about what that looks like and what that's going to look like for the community and the NFT holders that choose to be part of that project. Okay very good. Yeah no that's very exciting. Yeah I forgot that you guys were part of the same team as Canafox. So that's so you got two projects that I really like already. So really really very cool. So let's talk about the drones a little bit here. So I've talked with a lot of drone companies and they say hey we have this future use we have this future use we're going to do this we're going to do this we're going to do this. Is this something that is currently going right now or is this something that's up and coming with this drone cleaning? Okay no great question. I mean the thing is PF already secured the sole rights for KTV drones for France. So no other company can come in with KTV drones. Well especially in France and the thing that sets KTV apart I mean of course you've always got different drones and you've got different companies but like everything they've got different specs. I mean we're not going to compare a BMW to a Mazda for example. So what makes KTV drones so unique is they have concentrated on stability and why stability is so important is when you actually have this drone that is flying on the side of a building and spraying water and products out on the building. If it's not stable well a you're going to maybe damage the building you're going to have an accident you're going to hurt someone. So yeah I mean there are of course other companies out there doing this but if you look at the leader of the working drone that is KTV drone. And that's another thing where we were so excited was because Pierre managed to secure KTV drones and then on top of that secure all the rights for France. That's a win-win you know I mean it can't lose it's a recipe that cannot lose. You asked me if he started that's a very good question and he will have his first project going by the month of July. So by the month of July his first project will be going up. I think also if you have a look if you followed us a little bit before we'd initially worked out our tokenomics and our returns on 3,000 NFTs. But you know I think like any project you know we should be rewarding our early adopters. So for these first six months from July to December we've actually capped that at 1,000 NFTs. So the revenue pool stays the same but now instead of that revenue pool being divided by 3,000 NFTs it is now divided by 1,000. You know that's just something actually just trying to do for our community. Yeah no and I would definitely want to talk about those NFTs. So when we look at like the manual labor versus drone labor what pushback have you gotten? Why would people not want to do this? It's safer, takes less time, cheaper. What are some of the pushbacks you're getting of reasons people say now we'd like to continue doing it longer more expensive and more dangerous? We don't have any pushbacks. I mean unfortunately we're a little bit under NDA so we can't tell the project that Pierre has actually brought on board already. So I mean we as a team we've seen the MOUs so we know they exist. I can speak to MOUs that Pierre's already announced publicly. So to that I can speak. So for example one of the contracts that he is about to go into is the possibility of cleaning all the hangars of the airplanes at Toulouse airport. So for those that don't know what Toulouse airport is that's actually the equivalent to Boeing in America because obviously in France we have, well they have Airbus and all of Airbus is constructed by in Toulouse, all of the Airbuses. So Pierre's already in the final negotiation stage with them to clean all the hangars of the Toulouse Airbase. So no there's been very very little pushback. I mean I wish I could tell you about this one project that he's gotten. I cannot. I've been sworn to secrecy but it's one of the biggest companies in France and I mean that's over 52 000 square meters every couple of months. If you want to see the actual drones in operation you can go on our socials. I've got one here now. This is a few days ago. So DroneTech's partner KTV, they conducted pilot training and a demo for a major UK property developer in London and they've got a nice picture. There's a video on their website. We can post the link at the end if you like. And they're a Norwegian company. I've got it here. Bergen Airport Fleisland I think you pronounce it. That's the first airport in the world I believe that was cleaned by a drone. So they were cleaning the large glass façades there and you can see it on a video. It's only like two three minutes long. So if you do want to see the actual drone in operation then jump on our socials and you can see we post that quite often. Of course until July we can't really post anything with France but there's a lot going on around the world. Of course KTV they license out the license to a sole operator. So America the W1 guy. We have Pierre in France. Once France is up and running I believe it's Portugal and Spain he's targeting next. So we are looking to expand beyond France but for now let's get the French market underway and then we can grow from there. I did pull up your Twitter account. I posted a link to Twitter. And by the way call to action for the audience. Everyone should go follow them on Twitter. It's free. There's no reason not to do that. Go hop on their Twitter account. But yeah we have this video here. You can see these better if you go to the Twitter account but you can at least see kind of the drones doing their thing a little bit. That drone itself that isn't part of KTV. That's just for the drone enthusiasts like yourself. Oh okay gotcha. That's not a drone. That's something else. Is this one of the KTV ones? Yeah that's a still picture but if you go on their website ktvdrone.com you can see all the regular updates and the working videos the operations and of course we'll take them and we'll pass them down to the community but that's where we get a lot of the updates from. Okay very cool. I love this. I'm getting a little giddy about this. I think this is super cool. What applications do you kind of talk a little bit about this in the white paper but how far away are we from these other applications of drones in buildings? Okay so the applying installation to buildings that's done. I mean that's already been approved and that's in the final testing stages so that's coming. The painting's already done so that's coming. We actually had an AMA with Pierre a couple of weeks ago and he's a lovely character. He always tends to give us a surprise. So they actually now in the final development stages. It came from a question of one of our community members you know for like if you've got the people on scaffolding and they see a crack in the building well they can repair the crack. So now actually Pierre has gone into development to develop a way that these drones can repair the cracks in buildings. So the possibilities are really endless when it comes to it. The one thing though that's not in the white paper but it's something that Pierre did mention on AMA is that if he's also got the sole rights for blue tag. So that's blue like the color blue and tag or alpha gulf if my memory serves me right. And what this is this is a software that is not only applicable to drones. You could use this on trucks. You could use this on cars. You can use it on delivery vehicles. You could use it on whatever you like but what this does is this software monitors the time that the drones are actually working. It tells you where the drones are working. It tells you what job the drones are actually doing. And at the end of the job it actually sends automatically. So the drone automatically then sends the invoice to the customer. So the customer knows exactly what has happened and on top of that then of course the software does the what do you call it the inventory. So if it needs more soap if it needs more water you know if it needs whatever. But now the real interesting thing and this is again where we pride ourselves with the partners that we work with is Pierre has given us direct access to this technology. So once he's got a drone working us here is the NFT part of the company if you like. We can actually see when the drones are working how much they've been invoiced everything. But I mean that's not the exciting part. The exciting part is he's licensing out the software to other companies and because with SkyFi we take a percentage from the gross profit of the company. So once he licenses this out to James Pelton's trucking company and James Pelton is paying him two million dollars to go and license this out or whatever you like you know we the NFT holders then actually receive some of those benefits as well. Okay very cool it's actually ironically I am a part owner of a trucking company so I mean maybe that's something we can talk about. That would be awesome. For the audience sorry James for the audience I've just put out a tweet now with a video of the airport in Norway. For anyone that wants to go and watch that I just tweeted that a minute ago. I was going to write for you James Pelton but Twitter doesn't allow me to type so many characters. Yeah nope I get that. Yeah go hop on the Twitter yeah there's a good video there. I'll pull it up here just real quick just so you can kind of see we won't watch the whole thing but there you see kind of how it works. That's pretty cool. I could actually use that for my house even. Have you guys talked about doing residential also or is that not worth the cost of bringing it out and setting it up and everything? Yeah no I think at the moment PL is concentrating more on the actual business side of it. You know like I'm talking now about the monuments and the big skyscrapers and all that. So for residential I think the cost might not be worth it but I mean it's definitely something I can suggest then. Okay very cool. One last question and then people keep wanting to know about how do they make money so we'll get to that but I have one last question just on the curiosity side for me. What's keeping you out of the U.S.? I mean is there something is it harder to get regulation going there? Is this something like can I help get this started up in the U.S. or what's the U.S. You're too late my brother. No you're too late. KTV is already there. I'm so sorry. But yes I mean there's nothing that stops us from going to the U.S. except obviously it won't be with KTV and it won't be with PL because KTV is already established in the U.S. They're established in Canada as well. I mean KTV is not the small little back alley company that no one knows about you know. I mean they are established in the U.S., in Canada, in India. I mean they're established in a lot of major major countries already. Okay very cool. Well let's get to the let's talk returns and estimated per NFT. That's what people keep asking so we'll give the audience what they want. Do you want to talk through kind of how much an NFT costs, what kind of revenue you feel like you might be bringing in and so what kind of Yes sure I mean so if you jump onto our white paper oh there we go. So we initially did, so this is again why I say PL always throws us a big surprise, is we'd initially did our calculations on one drone and then PL contacted us afterwards after we launched and everything done and said guys bad news we're not launching on one drone we're launching on four. So here we've gone now into four drones. On four drones the revenue, I mean if you scroll down a little bit there you'll be able to see it, so that's the turnover. So on the turnover there that's pretty much our yearly turnover that we're expecting and then this is the money so again that's just our drone tech expenses and then we go over onto a sliding scale. So what I mean by we go over onto a sliding scale is that of course here we want to make sure that the NFT holder as early as possible starts to make back the revenue. We don't want the NFT holder, I mean we looked at one project where it was going to take the NFT holder two years to make back the return so that's not something that we look at. We look at something that will actually bring something a little bit of the degen side out of people but also the responsible degen side if you like. So I mean with four to six drones there yeah we're looking at about 580 to 800 US dollars a year. The cost of an NFT at the moment for the first 1000 is 400 dollars and then thereafter we'll jump up to 500 dollars after that. But again I think what I alluded to a little bit earlier James was that to reward our early holders the first 1000 NFTs we capped at that. So by capping it at that our reward pool still stays the same but instead of divided by 3000 we're going to divide it by 1000. Our contract with drone tech because I know and I'm just going to ask this question I'm just going to answer this question because I know we've been community so may as well save some time with it is that our contract with drone tech is two and a half years. So we have a two and a half year contract with drone tech these are the reward structures. If you scroll down a little bit there James I'll show you the breakdown of 60 more centimeters there we go. So if you have a look there that's our reward structure. Now the reason for this reward structure is that we want drone tech to survive but we also want to make sure we protect our community. So initially with four drones we get 22 percent so 13.5 percent of the revenue will go to the NFT holders and then 8.5 percent to us. Five drones 20 percent etc etc. So that will give you a little bit of an idea of the tokenomics how we've worked it out and our maximum cap is at five percent. So whether he's got a thousand drones or two thousand drones we stay at five percent. For the NFT holder this doesn't change much and the reason why it doesn't change much is the higher his gross revenue goes even if our percentages bind the return still stays more or less similar. I mean it still goes up but it stays more or less similar. So I think we did a calculation there on a four hundred dollar NFT. On a four hundred dollar NFT if you in on the first 1000 NFTs in the first six months you are making about 870 dollars. So I mean if you if you minus the 870 from your 400 initial I mean what's that that's 470 dollars that you make within six months and I'm talking there of pure profit if you like. So that was our initial calculation then after that of course the NFT holders will continue benefit for the next two years. Does the NFT die? No no it doesn't die. So what will happen because we can't give projections in three years four years five years we don't know what's going to happen. However we have negotiated with drone tech that these NFTs will always have a use. What the actual use will be in two and a half years that will be determined it'll be determined closer to the time but they will not die. I don't know if that makes sense on that one. Yes yes so they're they'll stop receiving this revenue but there'll be some other utility for them at that point. They might not necessarily be losing revenue I mean they might still have a revenue stream might be less than five percent. Okay. You know or they might be used for example and this is now I'm just giving you an example of the bat you know but they might be used that yeah I might say right guys I'm opening up Spain and Portugal so trade in your NFTs for a 50 discount or something like that you know there will always be a use for them. I can make up stories now and tell you stuff but I prefer to talk the truth you know so we will know that closer to the time but they will have a use. Okay very good well I mean those are pretty pretty good returns anyways so no appreciate that and then for minting it's on the AVAX it's 400 USDC you just go here to the dap to mint it looks like there's 341 this is of that initial a thousand there's 341 left is that correct? No that's out of the 500 so Carl will edit that in a bit because initially we were doing a 500 mint and then we were doing a bracket jump after the 500 mint but we will are we editing that now for the thousand members. Okay gotcha very good and then we have a few questions from the audience so yeah audience if you have questions again that's kind of the gist those are those are my questions I feel like I have a pretty good handle on things but if you guys have questions let me know. Alif says first who is Pierre? He's the owner of DroneTek a good question he is the actual owner of DroneTek in France. There's an AMA on our discord with Pierre we posted it 27th of February okay so hop in there and you'll be able to find it. Very good and then just to just to clarify again for people who maybe hopped on late you guys are more of a launch pad for projects correct and drone this drone one is kind of your first one as part of this launch pad is that correct? Well it's part of Skyfy yes it's not our first project that we've launched. Right. But James I do want to maybe throw one thing your way that might surprise you so just something about us so we obviously we've got our go no go points when it comes to Pierre. Now I know you've probably been in this position I know I have been in this position and I know definitely Ben has been in this position that you go onto an NFT platform they offer you all these dreams and you sit there and you watch the mints never increasing and basically the next day you come back that the founders have disappeared you know and nowhere to be found. We actually have and this is the one thing that we really pride ourselves with is that we are not here to make money with or without the community we here to make money with the community and so if we don't reach our milestones and our deadline is actually on the end of April so if we have not reached our milestones for the community at the end of April us as a team we actually shoulder all the costs every single NFT holder gets a full refund so basically what we're just trying to say is that will we make money with the community? Yes. Will the community go and sit and wait for NFTs to mint out till till the end of time? Absolutely not. So we have our timeline we pride ourselves on integrity and we pride ourselves really on doing what we say we're you know which I think we've done in our in a couple of our projects over and over again so you know it's just something I think we should share I think there's a lot of projects out there that don't take responsibility for their actions and that hurts the crypto space so I mean we're basically here to try and protect crypto space as much as we can. Absolutely I love that no and I appreciate that again yeah nobody's been burned more than me in the crypto space so I really appreciate you guys and just doing that having real revenue having the team here all willing to kind of be you know held accountable and for what also too another thing I noticed which I actually like to see is your website and your white paper and all this is full of disclaimers which is good because I know that means that you're taking it seriously and you're working through the legal aspects of it a lot of people just throw out projects and they're just like well we'll figure out you know how it all works later honestly myself sometimes I do that those of you who've been in some projects I've started it's like well we'll figure out the legal side of it later but you guys are on top of that and a lot of disclaimers and things like that so what are Keith would like to know what is the estimated first disbursement of profits would that be in July you think no because we'll launch in July so the very first airdrop will be in December end of December end of December okay and that that was actually the next question is it going to be paid out quarterly annually and how's it going to be paid out is it going to be airdrop or you go claim in the app so it'll be quarterly and airdrop quarterly and airdropped okay very good and then you talked a little bit about this already but maybe just for people who weren't here at the beginning by the way the whole AMA will be the recording will be available right when we're done and I'll put in chapters and things like that how many other projects are in the pipeline will all be similar and are they all going to be drone related or are you going to branch out of drones or what's kind of the on the roadmap there well I think Brent alluded to that a bit but I've been talking quite a bit so do one of you guys want to maybe jump in there Kyle or Ben or Brent how much are we allowed to say well before Ben every NFT is utility based every and then I'll maybe jump in or Brent so on so it's all I'll readjust this James every project that we every partnership that we have they're all going to be along the same guys as what we have with drone tech will the business that we partner with be the same as it be in the drone industry no definitely not the first one that that we have officially unofficially announced with no information out to the community quite yet we just gave them a little teaser like I said earlier is actually a cannabis extraction company and so we I mean obviously there's no relation between drones and and cannabis so we we truly look at the the business itself and are trying to find that fine line between getting the community their their ROI on a stable and realistic time frame right now my personal aim is to have that ROI to the community within that 6 to 18 month with a additional contract and as I'm sure you're aware you know finding those opportunities are are not terribly simple to find when you're dealing with a real world business you know you're looking the trade fi space if you get a good ROI in three years that's a that's a solid project and so it's a fine line we found a couple we have a couple more in the pipeline that we can't speak to yet just because we're not done with our due diligence and until we're there we we're not going to share anything you know we don't want people to get too excited about things that aren't ever going to come out and you know the other thing I really enjoy about this particular platform this project that we're part of is the community member is never locked into everything that we do you get to pick and choose what you want to be part of what what nfts you want to purchase not a this is what we're doing this is what you get to accept now okay very good actually I appreciate um that you got what sorry cal stick were you going to say something oh yeah sorry just just to kind of expand on that I think brent kind of nailed most of our points just perfectly um you know when we look to to vet opportunities we're looking for stable opportunities if we're bringing it into you know our ecosystem we want to make sure that they're successful and so what that might look like I'll use a really easy example here with drone tech and and their blue tag software for example it provides an opportunity for um you know monthly recurring revenue and I mean that's amazing because if if you know um if they're able to establish a book of business that does bring in um that recurring revenue I mean that that's really what keeps the lights on right and and the labor the service which is a little bit less predictable I mean if we have contracts that's great but at the end of the day you know the revenue opportunity that exists there within the the software is is you know pretty exciting for us I mean not to mention the analytics and the tracking because that whole you know uh commercial cleaning space um it's it's new right I mean it's not it's not entirely entirely novel but the way that that it's it's being approached is new and having information around that having some of that data really helps refine and mature that industry and we're excited to be part of that seeing some of these other deals that come through I mean it's really interesting James you you you kind of look at what's going on in the economy right now and some of these real businesses like it's tough going out there and getting financing for the businesses right the thresholds are quite a bit higher and you know there's some really amazing ideas out there not just new business but even existing businesses looking to expand whatever the case may be and so you know some of the the sectors that I can speak to I can't speak to the deals but you know there are opportunities in um you know real estate development or expansion there's a spirits business we're looking at you know it's all really quite exciting and our ecosystem you know it's proving to grow quickly because we just have sort of that unique um culture if you will you know people really understand our values and are attracted to that and you know they're they're here to join us for the ride. Okay very good no I love that actually that was somebody's question you kind of answered this but um as a startup company why would I choose SkyFi for seed money versus more conventional financing? Yeah so I mean you're right that that was answered but just to to echo it um right now in this climate again that that threshold to meet is quite high I mean you're looking at businesses that even uh that have existing financing secured who are currently going under trust reviews with their financial institutions right so forget about looking at at new financing you have banks and financial institutions right now that are looking to scale back lines of credit and turn that into term debt and so if those are all sort of new terms and and people aren't as financially savvy you know that would be kind of a different you know AMA or lesson but just google about it and you'll kind of find out how how sort of um more difficult it is right now and I suspect it will be for the next couple years until things kind of level out and so um again we're just a another option um what I wanted to mention as well uh just not to firehose you with information but we missed um discussing a key part of our tech when we talk about distributions and how they're they're managed and so you know Greg alluded to us air dropping um distributions to the wallet holders of NFTs we've actually got a clever system that automates that we've built out a contract factory so over the last six months we've been building this out and uh we're looking forward to employing that to um to our projects and also leasing that out to other projects there but more on that later yep absolutely and I'll echo what you said getting a business loan for kind of a spec more of a speculative thing that you're starting up or something like that is a huge huge huge complicated process um and so there's there's definitely uh I would prefer to fund it doing something like this um rather than working with a bank for sure so and then a lot of times too people don't realize if you're going to go like the venture capital direction a lot of times the only option is to give up a huge chunk of equity in the business which is if you think it's going to be a successful if you think your business is going to be terrible then you don't mind giving up a big chunk of equity in it but if you think your business is going to be successful it's going to end up making a lot of money it makes way more sense to kind of crowdfund it like this and then give a percentage of the revenue to people um it makes a lot more sense so definitely got to get that um let's see any other questions from the audience we kind of already talked about these again the replay will be available right when we're done I'll put in chapters so you can skip around you don't have to watch the whole thing if you don't want to um Justin says just and it was nice to use avax for the first time in a while so yeah that's not we don't get on over on avax too often so welcome to skype Justin yeah yeah welcome Justin good to have you part of the well we got to have like a drone a name for the the posse of people that are in the drone community so but yeah welcome Justin glad that you could get in um and then Darwin just wanted to clarify so there's going to be different NFTs based on different projects being worked on that's the way you're going to do it is like a each each project's going to have its own kind of mint phase for it and going to have its own terms and probably its own white paper and everything um that's going to be the way it works yeah that's exactly the way it works the other thing is I think Brent alluded to that earlier we want people to decide what project they want to go into I mean I just off the top of my head I mean James for example let's say now you completely against cannabis but you're really interested in drones you know we don't want to force you then into going into a project that you're against so cannabis deal no not interested in that but drone deal yeah I'm all for it so so I mean basically that was how we were doing it so we'll put out all the projects all the info of the projects and then we'll leave that to our community to decide which projects they would like to support or not okay very good love it so we'll kind of wrap up there unless you guys have anything else you want to add but here again is the mint information you're going to go to app.sky sky projects.io I'm a marketing guy so I love calls to action so the free calls to action is for sure hop on twitter and follow on twitter it's free no reason not to do it I'm asking you to go do that hop in discord if you'd like to just know more information or you'd like to get to know the team or get to know the community a little bit hop on discord I'll leave a link to that it's in the description I'll put it here in the comments also and then if you want to mint an NFT then you're going to go to this app that sky five projects.io it's on avax it's 400 usdc on avax and you're going to just mint here and then December should be when we are looking to expect kind of the first payout and again all those numbers are in here of what we what we might be expecting except for these will be a little bit you're doing fewer uh in this first batch correct yeah okay okay gotcha so yeah definitely hop in there and then actually we had someone just ask um is it possible to get a can of fox nft or are those long sold out and you have to go to second market for them I will have a chat about kind of fox uh coming up soon I can't I can't say it but I'll just say there's something that's coming okay okay I think 420 is in two weeks isn't it ah so there might be some correlation there just saying just saying there might be correlation uh but james coming there I see that you've got six of our nfts so well done I think you can run round up to 10 yeah it's going to definitely be a part of my journey to uh I have my journey to 1k a day in stable passive income and this is the type of project that I would put in crypto I put this on the stable end of things because there's actual revenue you're solving an actual problem it's b2b even which is amazing like I love b2b businesses because businesses are in the business of paying money to save money and that's what you guys are doing keeping people safe that's a huge selling point um for people so uh ardent says 420 didn't catch that drop at green llama yep 420 so I'm guessing maybe we'll do some kind of ama or something it's some video on 420 or something um and if you don't know the connection between cannabis and 420 you just go you can go google that and you can uh figure some of that stuff out so well hey this has been amazing I love this appreciate you guys coming on um first off audience thank you guys for hopping on thank you for asking wonderful questions um for listening for watching appreciate you guys please hit like on the way out and then greg ben cow stick martin and brent uh and peer in spirit I appreciate all you guys hopping on uh building something in the space that again is not ponzi nomics is bringing in some real revenues helping shape the space and uh let me know if there's anything I can do to help you in your journey but I look forward to being part of it with you guys thank you james thank you james awesome thank you so much and yeah if you when you're when if there's something in the u.s I can ever do I'd love to be even more a part of this so maybe we can be brainstorming just ways for me to get more involved because I you know I would love to I'd love to be one of the operators who like sits there cleaning the buildings I think that sounds really fun um so I appreciate you guys very much thank you yeah thank you guys everybody have a great rest of your day take care