04/12/2022

Episode #8: PHLIPing the Script on GameFi

On today’s episode of the ACCEL Podcast, we welcome one of the Directors of Public Relations at ACCEL, Ryan, as we discuss his background, role with ACCEL, and what the PHLIP is going on with ACCEL’s latest NFT-Powered game, PHLIP. ----------------------------------------------------- Episode Transcript: ----------------------------------------------------- The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor. You understand that you are using any and all information from this podcast at your own risk.

46 min

03/11/2022

Episode #6 (Part II): ACCELerating P2E Gaming with NFTs

On Part One of this two-part series, you were introduced to Matt and Brian from the ACCEL Gaming Division. We discussed their background as it pertains to blockchain and gaming, involvement with ACCEL as well as P2E Gaming and their use of and integration of NFTs. On today’s episode of the Podcast, Scott, Eric and Ryan welcome back Matt from the ACCEL Gaming Division to discuss how P2E Gaming, NFTs, and two exclusive projects that the ACCEL Gaming Division are working on! ----------------------------------------- Episode Transcript: [Scott] On today's episode of the ACCEL Podcast, we dive deeper into the world of blockchain games and their use in the NFT World. As always, my name is Scott and I am Eric and I'm Ryan. You're listening to the ACCEL Podcast defining a decentralized view future, One listen at a time. [Scott] Thanks for tuning into part two of our series on blockchain gaming. We wanted to do something a little different this time with regards to putting the podcast together, and what we came up with was to survey the community or rather solicit questions on topics of P2E Gaming, Play-to-Earn Gaming and their use and integration with NFTs. [Ryan] So Matt, I wanted to welcome you back onto the ACCEL Podcast. How are we doing? [Matt]Good, pretty good. Thanks for having me. [Ryan] Always our pleasure. But right out the gate I feel like we've got to set the record straight as one of the leads of the ACCEL gaming division. What kind of games do you like to play? [Matt] Honestly, I like hard games. I've always been a big fan of platformers. My favorite game when I was young was Sonic. Still to this day I also love RPGs. I played most of the Final Fantasy series and a lot of the current very modern RPGs. I'm currently playing Eldon Ring. I think it's an absolute masterpiece and I'm honestly up for anything that seems some sort of a challenge or a good build up on an RPG element. [Eric] So Matt, I wanted to go back to the basics from our earlier episode in relation to what P2E or Play-to-Earn games are on. Maybe you could give us some examples of the P2E Games, what blockchains they exist on, and maybe some games that currently aren't in the space that you think could come to the blockchain. [Matt] I think the Play-to-Earn model, even though not formally it has existed for the longest time. And just calling out to our previous example. In the previous episode, RuneScape was a game that people actually started trading items for your money very long ago. And then that model was also formally implemented in Diablo Three and casually seen in World Warcraft, where it was a bit more informal. So the P2E aspect of trading time for some reward. Usually money has existed for the longest time. You can call on online casinos, online card and poker platforms, et cetera. At least those would be most of the games that would be outside of the space. And if we were to go inside the space, you have a lot of gains that have existed for a while. You have mostly yield farming gains, kind of like Axie Infinity, Crypto Cars, Bomb Crypto. A lot of these have very good options as well, and I think it's gotten pretty popular these days, so those are great examples. [Eric] So my question, can you be more type specific. In your opinion, what are the best blockchains or the best platforms that relate to the P2E Games, which makes it the easiest to navigate. [Matt] I would say anything that's currently built upon the most mainstream platforms, like you have Ripple, you have Ethereum, you have Bitcoin, which not a lot of games are tied to. Most of them are tied to Ethereum and Ripple. So I would look into something with that. You also have BNB and other big options, and it generally is going to be tied to whatever the devs think is the most stable platform to build upon. [Eric] All right, so now that you touched upon with the devs, in a devs opinion, let's say, or in your own opinion, if you're acting as a Dev, what would be the most profitable? [Matt] I would say just not to give out names because I would get burned for that. But whichever has the most potential for growth, because as the game grows, as the community grows, as the base grows, so does everything else tied to it, the tokens, the rewards, and everything gets better. So whatever is going to have the biggest room to grow is going to be the thing that's going to give the most returns. [Scott] So I guess it kind of follow up question of that is, I completely understand that. I think we see this craze with there being talk about Solana and Matic being big for gaming, but the big thing is for it to be scalable. Can you kind of give us a little bit of an explanation how these P2E Games are kind of profitable for the developers, even going back to the online poker and stuff like that, how do you actually make money off of it? And how is it that you're not throwing money at making these games that just don't have any returns on them? [Matt] Yeah, it usually comes down to how you model the economy of the game itself. For example, the real money trading market and Diablo Three actually had a transaction Commission for every buy and every sale. So that is also true with a lot of the current crypto games. There is a transaction fee that is being used in every single transaction by yourself. Kind of like being repetitive here, but that's usually how devs can still hold a pool of the big amount of those resources to make sure that they don't run out, to make sure that they can scale over time to make sure that tokens don't get overcapped and to its own. It's similar to how every company operates when you're first starting out in a company, you're always going to have some sort of shareholding because you're invested in the project and they can't really pay you a full salary. So they pay you in equity that gets you involved. And that makes you be sure that if the company does well and it scales, then so is going to be your share. [Scott] That makes sense. So it's all about kind of making sure at the early stages you're bringing in the right people and then making sure you have the right backing. I guess that kind of ties into what my next question would kind of be. And it's a commonly asked question that we see a lot over in the ACCEL community is how does P2E Games work in attracting people that aren't currently interested in the crypto space? Are you seeing kind of trends that are starting, that are really kind of pushing for that game, by experience, by outside investors that maybe might be involved in investing, but not in crypto or even individuals that might not invest at all? [Matt] I would like to break that into different viewpoints for different kinds of profiles. First, as an investor, why would this be like an important thing to you? Because as an investor, like crypto projects actually have a very good standpoint in the fact that they can actually have a bigger growth than most of traditional investments. So it's a very attractive market to get into. Also, as the game skills, as the community scales, you can also bring a lot of other things to the table where we touched a bit on the last episode about things like fractal ownership. So you don't even have to bring money all the time. You don't have to bring funding on the time. Maybe you own your musician, you want to stay a part of your music. Ownerships are all right. So you can get people that get that NFT can get royalties, and there are so many other valuable things that you can actually just convert into this game or market. And then from the player's side, obviously most of the people you have people that have been in crypto for a while, and you have people that have games for a while. For those who have games for a while, like me, it's really cool because now I can actually sit for hours in front of a screen, play, be good at a game and actually get something out of it, rather than my mom telling me to go to bed. So that's from one side and then you have the other side, which is the people that are in crypto who usually are more into the investment side, they actually have a fun way of interacting with their tokens, a fun way of watching those stakes and rewards and investments grow in a way that you're more of an active participant into everything. And it's a bit fun rather than just sitting there and watching candles on a chart. Not that's a bad thing, but there's more to life than that. [Ryan] So Matt, I wanted to backtrack for a moment and specifically discuss the earn in Play-to-Earn games. Could you discuss how and what exactly players earn in these games and how NFTs come into play? [Matt] Absolutely. Well, the earned part of any interaction that involves real money is done through tokens. 99% of the time is done through tokens. When you go to the horse tracking bed. Like you get this little slips of paper that you can later and cash in if you win. When you go to the casino, you get chips that you can cash in if you win. And sort of every single game has that mechanic built in where you win tokens inside the game and then you convert your tokens to get outside of the game. And this draws a very strong parallel with how everything in the physical world currently works. So the model is not really that different. And where do NFTs come into play here? A lot of these can usually be done or used as collection based items of a Rarity based items. And you can hold these NFTs that would be implemented into the game. And as the NFT or the usage of the character or the item or anything that it is gets more popular and more popular and it increases in value because the community perceives it to be rare or to be more valuable than others. That's a really good way for people to get involved is like, if you have the sense that an NFT is going to become popular, you can get it minted early and then when people use it, when it becomes popular, and what increases value and someone wants to ren

24 min

02/23/2022

Episode #7: Multi-Chain Projects, Bridges & Arbitrage Trading

On today’s episode of the ACCEL Podcast, Scott, Eric and Alex welcome back ACCEL University Director, Chris (known as Drake in the community) to help explain the in’s and out’s of multi-chain projects, the importance of arbitrage trading, and why having a functional bridge is a must in the multi-chain space. For more information on ACCEL , please visit www.acceldefi.com or our Link Tree: https://linktr.ee/AccelDefi For educational resources related to ACCEL and Crypto in general, please visit ACCEL University on YouTube using the following link: https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg -------------------------------------------- Episode Transcript: [Scott] On today's episode of The ACCEL Podcast, we welcome the return of ACCEL University director Chris, also known as Drake, to help explain the ins and out of multiple chains, the importance of arbitrage trading, and why having a functional bridge is a must in the Multi Chain space. As always, my name is Scott, and I am Eric. I'm Alex. You're listening to the ACCEL Podcast, Defining a decentralized future. One listen at a time. [Alex] Welcome everybody to The ACCEL Podcast. Today, we welcome back Chris, A-K-A. Drake the director of ACCEL University. So, Chris, we brought you on the show today to explain the purpose of multi chain projects. At a first glance, they may seem overwhelming. Can you explain a little bit more about that? [Drake] Hey, Alex, thanks for having me back on the show. I'm excited to be here. And yeah, absolutely. We can talk a little bit about multi chain projects. So basically, a multi chain project is any project that launches across multiple blockchains. And there's a couple of reasons why someone would do that. But the main idea is to allow the largest community and the largest user base to have easy access to the project. And depending on where you're located or where you might live, different cryptos and different blockchains might be more easily accessible to you. So being able to access those communities across whatever blockchain is easiest for them really opens up doors for your own project. [Scott] Yes, I think that's one of the misconceptions we kind of see a lot in the DeFi space, Chris, is people don't really understand why people want to do that. But I think one of the main misconceptions is people don't really understand that a lot of people like to stay on one or two chains. They don't really venture out and day trade on multiple chains. Is that something that you really see as you're looking into the analytics of the different chains? Is there not a lot of turnover between BSC traders and Ethereum traders versus even throwing in Matic? [Drake] Yeah, absolutely, Scott. And I think that's one of the things that we see pretty often is that you tend to stick with the chain that you kind of started with. I think for myself personally, for example, I started with the Ethereum chain. And even now, as someone who lives in New York, BNB and BSC aren't easily accessible here. So I know a lot of my peers and other people who might not have the same accessibility to other blockchains tend to stick to the one that they're familiar with. So definitely while there are some traders and some people who are very well versed across the blockchains and tend to interact with them all, we do find that a majority of traders, majority of the community, tend to stick to the chain that they're most familiar with. [Scott] Okay, Chris, with that being said, I guess my one little follow up question to that would be, do you kind of see this as a positive then with the different chains allowing people to venture out a little bit, when you have these multi chain projects, it allows them to find that comfort zone in a project they're already in to venture out into a different chain. [Drake] Yeah, absolutely. And that kind of loops back to that idea of providing the most easily accessible way for people to not only be able to participate in a project, but also to do so with a chain that they're familiar with and comfortable with. [Eric] So, Chris, with that all being said, is it possible you could give us a little insight to us and the listeners to the pros and cons between multi chain projects? And which types of projects do you believe are more successful or predicated to each blockchain, if that even exists? [Drake] Well, the one thing I will say is that for the most part, when it comes to multi chain projects, the advantages those pros outweigh any cons that might come up. And again, that comes to access and community and also being able to disperse your liquidity across these chains. You know, generally speaking, those pros outweigh any cons that you might see a couple of cons that tend to exist. And I'm sure this is something that we can touch upon a little bit later on today's podcast is when there might be price discrepancies across different blockchains. Right. And so that tends to lead to arbitrage, for example. But generally speaking, any cons that might exist because you're listed on multiple blockchains are just very small in the grand scheme of theme, in the bigger pictures. And then in terms of the types of projects that tend to be most successful when they are Multi Chain projects, this kind of loops back to the bigger idea of what we're seeing in micro crypto right now. We tend to see this gravitation or this shift towards utility projects. Right? There's a bit of a movement away from meme coins and things of that nature. And people and the community at large are now shifting towards projects and businesses with actual sources of value, actual sources of utility. And that's where we're seeing a lot of investing activity, a lot of volume. A lot of traders are kind of interested in those types of projects right now. And when you pair a utility project with the opportunity for it to be MultiChain, for example, ACCEL itself, you tend to get the best of both worlds. And really, you're opening those doors and also you're able to provide your utility sources across your multiple chains. Right. So now it's not just utility for Ethereum holders only. It's not just a theorem for anybody who trades on BNB side only. This utility can be implemented across the chains. So you're bringing your value to a larger audience. And those are the types of projects right now that we see are really popular at the moment. [Eric] So it seems Chris, from your explanation, there really aren't that many cons when you can level out across different blockchains and give the opportunity to basically a lot of different buyers predicated upon what their purchase power is, whether it be Ethereum, whether it be Matic Polygon, whether it be the BNB, it seems to only have a plus or upside potential, which brings in, like you said, the Arbitrage and the other aspects of trading along all other blockchains, and especially when you brought an ACCEL as an example, dealing with the fact that we have multiple utilities that are coming to market, that it can only be advantageous for ACCEL to trade across multi chains. [Drake] Absolutely. And the one thing I would say on that or the one comment I would have would be, I really think the only time you would see the Multi Chain kind of disbursement really lead to some negative side effects if some type of project were tried to do that without actually taking into consideration the manner in which they did it. Right. So, for example, if you look at ACCEL's rollout across the multi chain, something that is being very carefully considered and calculated, that type of rollout where you're bringing that project to multiple chains is being done the right way. So I would say that the only time you would really see those cons is if someone tried to make their project a multi chain project without actually putting in the footwork or doing the research to make it successful. [Scott] So, Chris, now that we kind of have the basic understanding of how these multi chain projects kind of work, can you give us a little bit of a brief dive into the TA (Technical Analysis) side of it as you see the big benefits in these multi chain projects? [Drake] Yeah, absolutely. So I mean, really, again, when we talk about how multi chain affects a project and what those benefits might be, again, what we're kind of seeing is the opportunity for growth being presented and also the opportunity to not only disperse your project across these chains, create multiple liquidity pools, but you're also seeing the chance to bring in Arbitrage Trading to your project as well. Right. So there's a couple of different aspects at play, but the basic idea behind all of them is that you're spreading your project out, and naturally, in doing so, you're creating a larger foundation for it. So by spreading it out across blockchains. Right. You're creating multiple liquidity pools, for example. And if you remember from our previous conversations on that, we talked about how having multiple liquidity pools actually helps the stability of the project. So that's another advantage that comes to that. It's another benefit to this like, functionality. And then when it comes to Arbitrage, which I think we'll definitely touch a little bit upon, now, that's where you kind of also see the opportunity to grow the project at a much more rapid pace than you would without this functionality. [Eric] So Chris, our listeners could understand a little clearer with the Arbitrage trading and then being able to be in more than one blockchain, which currently run two, and I believe we're going to be moving towards a third and possibly a fourth. Could you give a little more of an explanation to give an understanding for maybe the newer traders out there who really don't get a total grasp of arbitrage, what it actually does to the coin price across these multi chains? [Drake] Absolutely. So Arbitrage, again is trading when there is a price discrepanc

22 min

02/10/2022

Episode #6 (Part I): Blockchain, P2E Games & NFTs

On today’s episode of the ACCEL Podcast, Scott, Eric and Alex welcome Brian and Matt from the ACCEL Gaming Division. On Part-One of this Two-Part Series, Brain and Matt discuss Blockchain, Play-to-Earn (P2E) Games, NFTs and how their integration with blockchain technology is not only growing, but accelerating to new heights of adoption across multiple chains. For more information on ACCEL , please visit www.acceldefi.com or our Link Tree: https://linktr.ee/AccelDefi For educational resources related to ACCEL and Crypto in general, please visit ACCEL University on YouTube using the following link: https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg Episode Transcript: [Alex] Welcome to the ACCEL Podcast. Today we have very special guests for you, Matt and Brian. They head the gaming division here at ACCEL. [Alex] Can you tell the listeners a little bit about yourself, your background in gaming, and how you found yourself developing P2E Games in the crypto space? [Brian] Thanks again. As you said, my name is Brian. I've been an avid gamer pretty much my entire life. I've just been working into project management and programming for a few years now, and basically I've just brought everything together when forming this division as it appealed to all of my skills that I've built over the years. And I've been working on building this division from the ground up. So I am very excited to have a couple of people in our team. And honestly, it's been pretty much a dream of mine. I've always wanted to be kind of a project manager programmer for a small indie company. That's kind of something that's always been a dream of mine. So the simple fact that now I finally get to do it is fantastic and I'm looking forward to the future. [Alex] Thank you very much for giving us a little bit of information on your background. Is game development something you went to school for, or were you self taught? [Brian] That's a great question. I was self taught. The only kind of experience I have is some coding classes when I went to University, but I never really used them for gaming. It was just got through the courses and at the time that wasn't something that I planned on using. But now that I'm here, I'm really glad that I decided to stick with it. Those late hours of going through code, it's finally going to pay off. [Alex] Wow, that's fascinating. Hey, Matt, can you also give us a little bit about your background and how you got involved with ACCEL? [Matt] Absolutely. I've been in eSports. I was an eSports pro in my 20s. I actually have been involved in gaming for about 18 years now. Always dream. Just like Brian, we've been friends for ten years. We've gone through a lot. We've discussed a lot of things that we want to do, and this is sort of like making all that happen. I personally come from an engineering background. I am pretty good with numbers and like I set up both developed games simply and I've worked on different games just through the variable aspect. And I've been very involved with technology for the last ten years. So when Brian told me about this opportunity, I thought it was a great time to come in, materialize all the things that we've discussed over the years, just bring them together and make this an amazing environment. [Alex] Thank you very much for giving us that information. [Scott] So I guess that kind of leads us into our next question. I think there's a lot of kind of confusion around gaming in the crypto sphere and kind of how everything ties together. There's a lot of different words thrown around that I think kind of confused people between these console games and these mobile games that you can play on your phone, ones where you can actually earn rewards, ones where you can't can you kind of just give us a little bit more insight on what exactly you guys are going to do in the gaming division, how that ties into crypto? [Brian] Yeah, absolutely. So mobile and console games, they all use a standard protocol, and basically there's going to be a way that we can be able to connect them to the blockchains. As of right now, that's the challenge. But I believe that what we can do is it's definitely coming along. It's faster than you think. Right. People have been playing games for virtual tokens for years, and really the only change now is that they be playing with a stake and earn real world assets. So, you know, you basically instead of farming your own Gill, gold, whatever the ingame currency is, basically. Now what you can do is not only can you throw money in there, but there are also ways to earn the money through various tasks, et cetera. And it's basically a great community effort because you're going to have people that are going to be let's say all I want to do is be a blacksmith. Right. Well, everybody's going to need a sword. So you're going to have those one on one interactions in transactions with people just like you and me. And we'll be able to use centralized token or coin or what have you. And we'll be able to do all kinds of trading. And I think Matt can actually elaborate a little more. [Matt] Absolutely. What basically is happening here is that before, if you went to any game, you'd earn that game's currency, right? You could earn gold, you could earn Gill, you could earn, like, little jewels and Candy Crush, et cetera. And all those things actually allow you to participate or buy items using that in game currency. But those items and those things are only limited to that game, and you could never translate it into something outside of the game. You could be the best player in the world in Candy Crush, but you're still going to get beat up at school if you're a nerd happened to be honestly, it was an experience. And the good thing about these games, the strong thing about these games is they can appeal to both the time and skill that you can put in. And that skill doesn't always have to be related directly to one task. Right. Like, for example, you have people with different careers in the world that do different things. And in the gaming, in the meta verse itself, you can tie all this together that people are going to be very good at. Some people are going to be very good at racing, some people are going to be very good at guessing a number off of a deck. And some people are going to go more into the creative side. You know, they are going to design characters, they're going to build certain items, they're going to build a lot of different things. So there's always going to be a discipline that appeals to anyone. And like, as with horse racing, where one person wins and everyone else loses, you actually have all these opportunities for different people to come together and use the things they are good at, use the things they want to do, and they all have the same possibility to earn something that they can just take back with them after. [Scott] Okay. So I guess my follow up kind of question to that then is these Play-to-Earn games have kind of been around a while. Why do you think you're seeing this trend kind of catching on now? What is kind of that ignition behind it? Do you think it's the blockchain interaction? Is that kind of that big selling point that's really bringing the play to earn games, too? We're seeing them really rise to the top right now. [Matt] Yeah. I think one of the key reasons is exactly what you mentioned. Because for everything that happened before, one of the big elements was that there was always, well, not really in games, but like, if you take it to real world, there's always going to be someone in the middle regulating transactions between players. So, for example, this is a very simple example. If anyone out there has played RuneScape, I'm sorry for you. But Besides that, if anyone out there has played RuneScape, you've gotten like scammed at least once. Like, some person comes in and they want to sell you something and you give them your gold because like, okay, I want the site, I may give you my goal and then the person just disconnects and disappears and you basically got stiffed. Truth be told, it's just a game currency. So it wasn't really that much of a hurt on you because you really feel bad when it happens. And Blockchain Technology just has had its peaks since 2019. If I'm not mistaken, it was first developed around 2009, but it's really seeing the strong adoption today. And the important part of Blockchain Technology is that it can do two things that usually didn't happen before. A it can regulate transactions between two parties without having like a physical third party having to exist. And the second one is that is a trust system so you don't actually have to go and trust the other player to make your transaction. Because it's going to be written in code, it's going to be hashed and there's no way you're getting out of that. No one can really stake a different item in transaction than they originally did. Scams are there like scams happen every day, but it's mostly like 99% of them are mostly due to a human factor. And that's why the fact that you can now actually have people playing against something that they don't need to trust, they know there's no way to go around it and they're going to get the returns of what they're putting in. It's not a scam, it's going to be like written code. The smart context is going to be there. It makes people a lot more confident to stake money or stake different sort of assets in these games. Kind of like when people in the 90s were afraid to put their credit card information anywhere because they all thought like they were going to get cloned and scanned. And now like you'll just go to a Russian site because you wanted to buy that PDF, that one book that you need to print for your son and just put your credit card info in weird Russian site with like not thinking about it twice. [Brian] Also, one thing I'd love to add is I believe now more than ever people actually wa

27 min

01/30/2022

Episode #5: Market Cycles & Emotions in Crypto w/Juicy

On this episode of the ACCEL Podcast, Scott, Eric and Alex interview Bhaves (aka Juicy Jerms in the community) and discuss his professional background, involvement with ACCEL, cryptocurrencies and the market cycles in this space. For more information on ACCEL , please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi For educational resources related to ACCEL and Crypto in general, please visit ACCEL University on YouTube using the following link: https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg ------------------------------------- Episode Transcript: [Scott] On today's episode of the ACCEL podcast, we interview Bhaves, also known as Juicy, as we discuss his background, involvement with ACCEL cryptocurrencies and the market cycles in the space. As always, my name is Scott and I'm Eric. And I'm Alex. You're listening to to the ACCEL podcast Defining a Decentralized Future. One listen at a time. [Alex] Welcome, everyone, to the ACCEL podcast. Today we have a very special guest for you, businessman, entrepreneur Juicy aka Bhaves. Welcome to the show. [Juicy] Hey, thanks for having me. Thank you for coming on. Can you introduce yourself to the listeners? Tell us a little bit about yourself. Yeah, certainly. So my name is Bhaves, aka Juicy Germs in the chat. So I've got kind of like a wide array of background, started with SaaS software companies, have my own recruiting agency, work in various other real estate aspects. And then I was also a day trader for trading stocks. So I think it was just a good conversion to bring the crypto side into that portfolio. [Scott] Okay. Everyone kind of finds their own way into crypto. It's always exciting to hear about the different people and how they kind of found their way in. Here what really drew you in from that background into the crypto sphere. [Juicy] So when you're looking at investments, it's really about diversifying in different markets. Like I said, real estate stocks, crypto is growing, and at a very large rate, it's almost as like a doubling effect since 2012. And I kind of just wanted to grab a piece of the crypto side for my portfolio. [Scott] So it was really just kind of diversifying that portfolio, kind of reaching out into some different areas. [Juicy] Yeah. I have an investment philosophy of kind of building pillars. That way if one goes down, you're able to still rely on other areas for your money to continue to grow. As we know we have higher inflation than historically present. And I think crypto is a really good asset to just bring in to help kind of minimize the risk in overall portfolio decay. [Scott] So let me ask you something with that. Does it kind of attract you being something that's a little bit newer as it's a new market compared to some of the other things you've gotten involved in? Is that something that kind of peaks a little bit of interest? [Juicy] Yes, definitely. The hype behind it helps a lot. And then also just with the overall growth of it, I mean, you look at the numbers of decentralized finance itself. In April of 2020, we were sitting around about 3 billion in market cap. And then just a year later, it grew almost 30 times to 103,000,000,000 in market cap. So as soon as you start reaching these billion dollars in total dollars in that market or space, it's something that really is hard to kind of just shut off. And so that's when I kind of piqued more interest into it because it's something that's not really a fad. [Scott] Yeah, that was definitely something how it kind of went for me. It was like one of those things. It's almost undeniable once it keeps going for a while. Like at first you see it. Okay. Back a couple of years, 2014. Okay. Yeah, maybe 2016, Rosalien. And now we're really getting into the time where it's like it's either time to shut up and get on board or to get completely out. I feel like it's one of those times where a lot of people are taking advantage of the market and trying to find a way in. And I think it's advantageous to think that you can't take a look at where we've come from in crypto to kind of give you an idea of where we're going. Is that kind of how you feel? Juicy? [Juicy] Yeah. When you look at just like the overall trend from 2012, I mean, it's completely changed and flipped upside down to where instead of just having like a negative connotation behind cryptocurrencies, you're having large financial institutions, Fortune 500 companies getting involved in crypto, small countries are getting involved in crypto as well. So it's not something that really can be taken lightly for anymore or as a joke, it's a real serious player in today's world. [Eric] So juicy. With all that being said, as you give us a little bit of your background and you said you'd entered into crypto coming from the day trading space, and we've heard a lot about that where guys are coming home, gals are coming home trading on their Schwab account or their ETrade account. Now you've moved into that crypto space. How has that traditional background of day trading transitioned you into crypto? [Juicy] So the trading side of the stock market, there are similarities. As far as technical analysis goes, when you bring it over to cryptocurrencies, one of the biggest learning curve that I had to kind of deal with was crypto is very, very volatile versus the traditional stock market, having certain levels in which you can see kind of pauses and momentum kind of shift. Whereas crypto especially DeFi when the train runs, it runs, but when it's out of gas, it's a complete stop. [Eric] So then, alright, so with that being said, is crypto something that becomes more of an emotional trading thing? Because as we always hear, everybody always says, you got to remove your emotions from trading. You have to trade upon the numbers, predicated upon the financials or is crypto one of those things that the traditional trading mentality does or does not apply? [Juicy] It somewhat applies with technical analysis. You can find your support, resistance zones, breakouts as well. Fibonacci is one of the trading tools that I use for trading the stock market, and it does relate to the crypto side. But overall, it's more psychological on the crypto side, even though it is on the stock market side as well. On the crypto side, it's a lot more about seeing green and red for when people exit and enter. So with that being said, for the new Gal or the new guy coming into the crypto space, is it something that you've really got to go with the old traditional standpoints or not even the old traditional standpoints, but the mentality of buy and hold, you really can't get caught up in the excitement of the up and down cycles, where, as the old school mentality told me by my mom and dad, you're not going to make a quick buck overnight. It cannot mentality still be brought to crypto and still be successful and still invest for the long term, which is what people really kind of as we've always heard, you're not getting into a marketplace for the today, you're getting into it for the future. It's about your retirement and so on and so forth. Yeah. So what I do is I actually take the stock market principles of investing in companies and then tie it to basically my startup background in SAS software or Fintech. And essentially I'm looking for projects that have longevity because it is an ever growing space to where if you get in the right project and they're around three, four, five, 10 years from now, you're going to make quite a bit of money. Just like when startups come out like Airbnb DoorDash. Those guys didn't get a 300, $400 million valuation just from day one. I mean, they literally grinded it out at the very beginning. And then they slowly grew, slowly grew. Then incubator funds came in, invested in them, and now they're publicly traded. So I try to use more of take the products, the services, the IP that these projects are providing in DeFi, and then tie it with the chart itself, using one of the tools out there and try to figure out, hey, is this product something that can be around five years from now, ten years from now, is what they're building, something that is actually going to be viable for the DeFi blockchain space in the future? [Alex] We discussed a little bit about business and other investments. Can we talk about how you got involved with ACCEL? [Juicy] Yeah. So my initial investment with ACCEL was actually as a part of one of the presale tokens. The presale token provided a lot of value in the DeFi space. And I could kind of put on paper, like how they were going to generate revenue and how they can get to scale. So when the merger of ACCEL happened, it actually made it a lot better on my projections that I had of what the revenues could be at. And so I kind of just saw it as a steal, as an investment goes. [Scott] So as we kind of talk about that juicy working into the different kind of streams of rewards that we kind of can see is that kind of what really enticed you once that merger happen and you really got to dive deep into the ACCEL I know you have a little bit of a relationship with Chris that's been going on for a while and we all love Chris. We got a nice little talk with him on one of our first podcasts. And man, he's a smart guy. [Juicy] Yeah, he's brilliant. And he was actually the person to kind of push me towards ACCEL. And at first I was a little skeptical just coming from the more traditional stock background and real estate side. But then once I started to get the information, or once ACCEL released the information of how the revenues were going to work, where the revenue was coming from, how the rewards are going to be split amongst the community, and then you have the staking pool. I mean, those were things that kind of just showed me that, hey, we can really make some real money in deep eye without having to one risk quite a bit, but also still have that large unic

20 min

01/25/2022

Episode #4: Overcoming the Fear of Investing in Crypto w/Keith

On today’s episode of the Accel Defi Podcast, we interview a member of the Accel Defi Team, Keith (known in the community as Wolfgang Regem), as we discuss Keith’s cryptocurrency journey, involvement with Accel Defi, and how he overcame his fears of investing in crypto. For more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi For educational resources related to Accel Defi and Crypto in general, subscribe to Accel Defi University on YouTube: https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg ------------------------------------------- [Scott] On today's episode of the ACCEL Podcast, we interview a member of the ACCEL team, Keith, as we discuss Keith's cryptocurrency journey, involvement with ACCEL and how he overcame the fears of investing in crypto. As always, my name is Scott and Hi, I'm Eric. I'm Alex. You're listening to the ACCEL Podcast, Accelerating Your Crypto Investments, one podcast at a time. [Alex] Welcome, everyone. Today we have a really special guest for you, one of my favorite team members. Everyone, please welcome Keith, aka Wolfgang. [Keith] Hi, Alex. Thank you for having me. [Alex] Thank you for coming on. Can you introduce yourself to listeners? Tell us a little bit about yourself. Tell us about your biggest accomplishments in your career thus far. [Keith] Well, let's see. Probably 60 years old, which basically means we've made it through life pretty well and have been working in crypto since 2017. Been involved with this project since the start. I'm an avid researcher. I'm an avid writer. I'm a film buff… golfer. Those are some of the fun things. And as far as accomplishments go, right now, I only deal in the present, and it's the fact that I've even gotten active in crypto at my age. [Alex] Tell us a little bit of how you got involved with cryptocurrency. [Keith] 2010, one of my friends called up and said there was this coin and started talking about digital currency called Bitcoin. And I ignored the heck out of them. And then in 2017, after things started picking up a little bit, it was actually Christmas of 2016. I bought into three or four different cryptos and then did the smartest thing I'd ever thought about, which was forgot them. Fast forward 2000 and $2400 turned into a little over $50,000. And I thought, wait a minute, I need to learn something here. [Alex] That's awesome. So we all start off very Rocky. What's one thing that you wish you would have known starting out in crypto? [Keith] Don’t day trade. Very simply, that three year period, three, four year period that while it was out there, I didn't look at it. I didn't pay attention to it. It did its own thing. Then when I started trying to trade it, I almost gave everything I had made back. So DYOR, do your own research and don't day trade. [Scott] I think that's a big thing that you see nowadays in crypto is a lot of people try to come in and they think that first move should be to try to day trade. And a lot of people come in and like you said, they don't do their research, and it makes it hard on them because then you're kind of just closing your eyes and shooting at a target, and it makes it tough. Crypto is one of those spaces where just like anywhere else, when it's innovative and booming, you have to make sure that you're doing your research or you're going to be one of those guys that get left in the dirt. I think that's a big part of it and I think a lot of people miss that. They just want to hop in and not do their due diligence and think they're going to make a ton of money. So a question for you, Keith, is being in the space, being a little older, what kind of drew you towards ACCEL and what exactly do you do? I know you're kind of a Jack of all trades, working in a whole bunch of different departments for us. [Keith] It's also awkward. Guys, if you want to refer to me as Wolfgang or Wolf or Wolfie because that's, hey, it's Crypto. Everybody has an alternate name and it's actually interesting with ACCEL. Just what I know about the project and the people involved in the project. I don't feel like I need to hide behind an alt name anymore. I'm kind of proud to be able to come out go, hey, look, this is who I am and who I work with and what we do. As far as getting involved with ACCEL, I was really lucky. A few of the team members were already involved with the project and I approached them because I didn't see them where we were before. Just said, hey, Where'd you guys go? You disappeared. And after a little bit of prying because they didn't want to recruit not just me, but anybody from other projects did a little bit of digging, a little bit of prying, saw what it was. And everybody that I liked and got along with was in this project. So I figured I'd jump in. [Eric] Wolf that’s dynamite, I'm glad to hear that you were in the project early on. One of the other things in the crypto space, we know there's a lot of common myths and misconceptions and they can all very easily be debunked for you. What do you think the biggest one was? [Keith] Well, two things actually. I mean, in crypto, what you don't know is going to cost you money. And I'm older and being a little bit on the older side, you're hesitant to learn new things, to step into new spaces. And when it involves your money, it really ups the pressure, it amps the pressure like 100 times because you're thinking, oh my God, I'm literally putting my money into outer space or the crypto space or whatever you want to call it. And then overcoming that was just not having a fear of the unknown. And actually I got thinking about stock certificates. Strangely enough, when I was talking to some of my friends, my peer group has a big just hesitancy to get involved. And I asked them about their stockholders. They said, well, that's not throwing your money out to nowhere like you are. We have stock certificates. I said, no, you actually hold them. Well, no, the broker does. Well, to me it's the same thing. They're out there somewhere. You just don't know where it is. [Alex] So touching on what you had just mentioned. How is ACCEL removing some of those barriers for your peer group? [Keith] Without a doubt, Alex, the educational process, that's part of what drew me to this project. Anybody that gets involved in crypto at the very beginning, if you don't do your homework and do your own research, you're going to end up getting rugged in something. And one of the things I admire about ACCEL is that this whole project is about taking away the mystery, so to speak, removing the illusion and actually educating people as to what they need to be doing and what they need to be learning. I remember when I first bought back in 2017 into crypto, the whole process was so confusing. I had to have a flow chart. And that's what I love about this is we literally have how to videos everywhere. So I'm loving the fact that ACCEL is removing those barriers. [Scott] So, Keith, I know we just got to talk about some of the positives of ACCEL DeFi University and how it just kind of creates that environment to allow you to grow as an individual. What are some of the other resources and advice you can kind of give to someone that are looking to join the ACCEL community to really help grow their knowledge and experiences in the space? [Keith] I love that you're the person asking that question. Moon, you're one of my resources and it's really been funny. At 60, you expect to be the elder mentor and you step back and you lecture all the young people on your life lessons. And here you have to kind of put those things aside because you guys are just light years ahead as far as the knowledge base goes. But what's really great is that you guys share this freely. I mean, all you have to do coming on here is asking for help. I mentioned the videos and things before, but the main resource for me has been the people. I mean, you look at Mad or Jovan, you read these guys their CVs and see what they've done and what they do. And you think, okay, I'm not going to ask questions because this is going to be like a foreign language and they're not like that. They simplify it. And I think that's been for me, it's been a great thing because I've been able to come in and just say, hey, I don't understand this part. Can you explain it to me? And they talk. So far, everybody I've interacted with in the community talks to you, not at you. And it's made things so much simpler as far as learning. And if there happens to be something that we haven't covered at the University, then everybody's always quick. They have a resource ready to go. Okay, we'll take a look at this area. Take a look in this area. And I'm cracking up now because you guys talk really fast and I'm trying to talk fast to keep up. [Eric] Wolf, that's all great stuff as you speak about the space and how you've connected to it. And I know as we speak specific about ACCEL. So now that you're on the inside and you have a position within the company and you kind of see the inner workings from your perspective, from your standpoint of all the products and all the utilities and everything that going on that happened in ACCEL to you. And you probably can't just give one specific. But what are the things that excite you most just knowing from your position, from where you stand in your vantage point, what ACCEL can do? [Keith] You know, Eric, it's funny, but my situation there is purely from a selfish aspect. And it's just getting a chance to work and learn with the people that I have a chance to interact with, not only on the team but in the community as well. I think when you get a little bit older, in my case, I was furloughed without pay. They hired somebody else. And this has given me a place to belong and to continue growing. Now the products, of course, my first thing is going to be the education, the University. I just think that is reaching out an

19 min

01/22/2022

Episode #3: CEXs: What are they, and why do they matter?

On today’s episode of the Accel Defi Podcast, Scott and Eric interview Accel Defi’s Director of Accel University, Chris A.k.a. "Drake", as they discuss CEX’s (or Centralized Exchanges), why they matter in the crypto space, and Accel Defi’s listing on its first CEX: Hotbit.io For more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi Subscribe to Accel Defi University on YouTube: https://www.youtube.com/channel/UCJDNIqPTp9kjsMPmPo119Zg ------------------------------------------------ Episode Transcript: [Scott] On today's episode of the ACCEL Podcast, we are interviewing the director of ACCEL University, Chris. We discuss Sunshine, why they matter in the Crypto space, and ACCEL’s official listing on Hotbit. As always, my name is Scott, this is Eric, and you are listening to ACCEL Podcasts, Accelerating Your Crypto Investments, one podcast at a time. [Scott] Today on the ACCEL Podcast, we have the director of ACCEL University, Chris. Chris, could you tell us a little bit about your background in the crypto space and your involvement in ACCEL? [Chris] Hey, how's it going? Thanks for having me on. Real excited to be here today. Yeah. So I'm leading the ACCEL University, which is our educational DAO that we are going to be building. As far as my background in crypto, I've always been an investor in crypto since way back when I had Ethereal in 2017 and things like that. But I never really kind of dove deep or took it seriously until closer to like 2020. And I would say that was when I became a little more active on the crypto scene and also in trading and investing in some more alternate coins or alternate tokens and things like that. Outside of crypto, I've been a full time investor and educator for a few years now, and so kind of developing educational resources and adding that value to the DeFi space has always seemed like something that I would be interested in and also a perfect fit for this project. As far as developing the educational side of ACCEL, I would say that is definitely my main priority here on the team. And for anyone who's not aware, basically what we're doing is building a DAO or decentralized autonomous organization that's going to be completely focused for ACCEL holders and we're going to be providing a ton of resources and tools that only ACCEL holders can access. And our goal here really is to kind of build the knowledge base that all of the ACCEL holders have and allow our community to not only grow but become more knowledgeable in the default space itself. [Scott] Yes, I know that's something that definitely excites me. I know there's a lot of people in the ACCEL community. I get really excited about the education side of things. I think it's something that a lot of people kind of have a little bit of a shortcoming on. And it's not in a bad way. It's just with all these mean coins that kind of took over the DeFi space in the last year or two, I think it just kind of caused the craze where people were just kind of throwing money at the wall and seeing what sticks. So I think it's really exciting to see the advancement of the education portion for DeFi as a whole. [Eric] So, Chris, that leads into my question for our listeners. So our listeners that need to be educated on it can you exactly tell us what ACCEL University and how do you think the ACCEL University is filling the space or the void that has been plaguing this crypto space? Because people just come into it and they really don't have a great grasp on it. So how does ACCEL University fill that void? [Chris] Well, really, the idea here is that we're being able to tackle investors and holders and traders of all types of backgrounds and welcome them to the project. And so in doing so, a lot of the resources that are being provided and developed for this DAO are going to be categorized towards beginner traders, towards more intermediate and also advanced people. Right. So really, ultimately, our goal here is to be able to have something that can provide resources and value to a crypto trader of any background. And ultimately, what that comes down to is we're also building a safe space where beginners people who are new to crypto can kind of come in, take advantage of these resources, and kind of get a jump start on their crypto experience or get a head start on that and kind of learn how to really be able to succeed in their crypto experience. [Scott] Yeah, I know something that's something that really excites a lot of different people in this space. Education is something like I said, that it's kind of far and in between to find someone to help, especially when you're talking on the DeFi side of crypto. It's just very hard to find that connection then. And even as you kind of bridge between DeFi and crypto to see some of these larger coins, I know one of the big focuses in the ACCEL community and kind of give you an opportunity to show off a little bit of what ACCEL University does is we're going to kind of touch on centralized exchanges, if that's okay with you, Chris. [Chris] Yeah, absolutely. [Scott] On the topic of education in the crypto space, could you help us listeners understand what exactly centralized exchange is and why most crypto investors use them? [Chris] Yeah, absolutely. I think that's definitely something we can talk a little bit about because there's definitely some confusion that I think would be worthwhile clearing up. So really central exchanges. Right. Usually abbreviated CEX, those are going to be the largest platforms that you can buy and sell crypto on. And ultimately, those are also the most accessible platforms for a lot of people. And so central exchange is a couple of examples. The biggest ones would be like Coinbase, for example, or Binance. I think an analogy that works well is basically a central exchange kind of operates like a large bank or a large crypto bank and provides people or users who are making accounts at these banks. Right. The ease of access, the ability to make transactions, additional features that something like a bank might offer. Right. So, like, for example, added security features on the ease of being able to trade crypto. Some of the things that we see on central exchanges are limit orders, for example, where you can submit in order to buy a crypto at a very specific price. And then ultimately you have those security features, you have those extra things that are kind of making your experience with crypto not only easier, but a little safer, a little more accessible. Right. And ultimately, I think some things to think about when it comes to central exchanges is just that whenever we talk to someone new to crypto, that is always their first point of reference is some type of central exchange. Right. If you talk to someone who doesn't know a lot about crypto, Coinbase is still going to be that household name that they might know about. Right. And then the largest cryptos that get listed on these central exchanges are also the ones that develop that same kind of popularity in the DeFi space. Right. So that's something that we see the largest audience or the largest user base for crypto dissipate in central exchanges and use these. [Eric] So, Chris, now that we've explained how it is to trade on the centralized exchanges, is it possible that we can get an explanation as to the natural progression when we go to defy or decentralized exchanges, how we can bounce back and forth between both? [Chris] Yeah, absolutely. So, I mean, there's something to consider in between the difference between a centralized exchange and a decentralized exchange. And ultimately that idea is that obviously your decentralized exchange doesn't afford you those same kind of luxuries that a central exchange does. And so, for example, a decentralized exchange, like Uniswap, which is the most popular one for trading Ethereum based tokens, is going to work very similarly to a central exchange. And if you have a token that's maybe listed on a central exchange, you can kind of hop back and forth between the two. And either way, regardless of which exchange you are interacting with, you're still going to be trading the same cryptocurrency or the same token. [Scott] Yeah. So I think that's something where sometimes people in the crypto space get a little bit confused. And I think there's a little bit of a misconception. And I think one of the big things is the amount of exchanges out there. I think a lot of people are a little misled because there's so many mainstream ones that people only really see those handful there at the top. So usually tend to not know about these other exchanges. We know ACCEL was listed this week on their first exchange, which was HotBit, which is a pretty high volume exchange. Could you explain what the importance and why this is a good milestone for ACCEL moving forward? [Chris] Yeah, absolutely. So HotBit is a pretty large central exchange, and it also serves a lot of overseas customers. Or we also see a lot of people from overseas using this specific exchange at the very base level. Ultimately, what we're seeing is that being listed on HotBit is going to give new people who want to get into the ACCEL project that ease of access. Right. We're going to be kind of widening our user base and be able to approach and appeal to a lot of these crypto investors who don't necessarily know about or deal with decentralized exchanges. Right. One of the other things to consider is that it's going to offer us increased volume across the board. Basically, the more exchanges that you can be listed on, the wider your audience gets. And so the more volume you're going to get, the more holders, the more traders, the more people we can reach out to. And for example, people who have a HotBit account but might not have ever heard of ACCEL. That's a person that we can now reach with our project, as opposed to originally or i

21 min

01/16/2022

Episode #2: The Power of Marketing in Cryptocurrency

On today’s episode of the Accel Defi Podcast, Scott, Eric and Alex interview Accel Defi’s Marketing Lead, Andres Soto, as we discuss the importance of marketing in the crypto space, and what Andres’ background is. We also discuss why successful marketing in the crypto space is crucial to the long-term success and sustainability of any project and what you, the listener, can do to get the word out. For more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefi Connect with Andres using the following links: Twitter- @andythegreat100 Reddit- @andythegreat100 Instagram- @andressotofitness NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor. You understand that you are using any and all information from this podcast at your own risk.

28 min

01/12/2022

Episode #1: Revolutionizing the Crypto Space

On today’s episode of the Accel Defi Podcast, Scott, Alex, and Eric discuss the launch of Accel Defi on the Ethereum Blockchain, the Accel Defi BSC Presale Token, and the partnership between Accel Defi and the In Russ We Trust Group! NOT FINANCIAL ADVICE– The Information presented in this podcast is provided for educational, informational, and entertainment purposes only, and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The Information provided from or through this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional broker or financial advisor. You understand that you are using any and all information from this podcast at your own risk.

27 min

The ACCEL Podcast

Episodes

Episode #8: PHLIPing the Script on GameFi

Episode #6 (Part II): ACCELerating P2E Gaming with NFTs

Episode #7: Multi-Chain Projects, Bridges & Arbitrage Trading

Episode #6 (Part I): Blockchain, P2E Games & NFTs

Episode #5: Market Cycles & Emotions in Crypto w/Juicy

Episode #4: Overcoming the Fear of Investing in Crypto w/Keith

Episode #3: CEXs: What are they, and why do they matter?

Episode #2: The Power of Marketing in Cryptocurrency

Episode #1: Revolutionizing the Crypto Space

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The ACCEL Podcast

Episodes

Episode #8: PHLIPing the Script on GameFi

Episode #6 (Part II): ACCELerating P2E Gaming with NFTs

Episode #7: Multi-Chain Projects, Bridges & Arbitrage Trading

Episode #6 (Part I): Blockchain, P2E Games & NFTs

Episode #5: Market Cycles & Emotions in Crypto w/Juicy

Episode #4: Overcoming the Fear of Investing in Crypto w/Keith

Episode #3: CEXs: What are they, and why do they matter?

Episode #2: The Power of Marketing in Cryptocurrency

Episode #1: Revolutionizing the Crypto Space

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