Greetings Ambros, and welcome to the latest installment of our weekly Town Hall recap! Well, the date is finally public — after months of hard work, AirDAO and its first wave of products will be launching on September 15th. Special thanks go out to CTO Igor and his tech team at Inc4, to CEO Lang for providing his Ambrosus 3.0 vision which AirDAO is the result of, and to all the other team members who put in extra time and effort to make this transition possible. The general crypto market has been mostly sideways the past few days and AMB is no exception, finding support after retracing from the pump of a couple weeks ago. Overall though, the past several months have come together in all facets to form a strong upwards trajectory for the ecosystem. So, without further ado, let’s get into the main points that were discussed during this week’s Town Hall.
- As a culmination of our rapid growth over the past few months, we hit two very exciting milestones last week. The first was 10,000 members in our official Ambrosus Telegram group, which represents a nearly 5x increase since May. Secondly, we reached 15,000 on-chain AMB holders, which doesn’t even include the tens of thousands who keep their tokens on Binance. Both of these are tremendous achievements for our transition to AirDAO and our expansion as a project. We’d like to especially thank the community for being receptive and inviting to these new members/holders — everyone was new to Ambrosus at some point, so it is good to see these individuals being welcomed and treated with respect.
- As part of our marketing strategy leading up to the AirDAO launch, we have contacted and partnered with multiple crypto YouTube creators. We will be working with these individuals to create content that promotes the different features of AirDAO and spreads awareness of the upcoming launch to a broader audience. We are also in discussions with influencers on Twitter as well as new Telegram channels in order to promote AirDAO and our Ambrosus 3.0 narrative on as many different platforms as possible.
- Lang provided a comprehensive timeline of why he joined Ambrosus and everything that has been achieved since his tenure as CEO began. Since his introduction in March, he has been convinced that AMB possesses the tech, the team, and the community necessary to become a Top 100 project. To reach this potential, he set into motion his Ambrosus 3.0 initiative, which sought to expand the Ambrosus ecosystem while also giving more value and control to the community. The result of this direction was AirDAO, and that brings us to where we are today. Lang will be spending much of his next few weeks in transit. He plans to attend the Binance Blockchain Week summit in Paris, and towards the end of the month, he will also be heading to Singapore for a conference called Token49. These events will serve as valuable opportunities for Lang to dialogue with investors, and he will be providing updates in subsequent Town Hall Meetings as to how his efforts are unfolding.
- One specific and important point of progress that Lang touched on was the strengthening of our relationship with Binance. In March and April after Lang was onboarded, the low volume on our AMB/BTC pair led to frequent expressions of concern by the community about delisting. In the months since however, not only have we seen that volume increase dramatically (AMB was in the top 40 BTC pairs by volume for the month of August), but we have partnered with Binance for several promotions such as Binance Staking, our Binance Lite Referral campaign, and Binance’s Earn Wednesday series. We even executed a $200,000 OTC deal with them in June. As a result of these factors, we are very close to obtaining an AMB/BUSD pairing on Binance. Our goal is for this to be finalized soon after the AirDAO launch has occurred and all our updated info and channels have been communicated. We know the community has been enthusiastic about getting a stablecoin trading pair for $AMB for a long time, and we are glad to finally be so near to securing this.
Other items of note:
- Through collaboration with our PR company, we will be preparing an official press release for the AirDAO launch, which will be followed by a crypto podcast appearance for Lang and a guest article in a top-tier media outlet. Additionally, our introductory AirDAO video has been edited and updated with custom graphics and animations; our goal is to have this finalized as soon as possible to be able to share it with the public and feature it in our promotional materials as well.
- Lang also provided an update on the timeline for introducing a hardcap on AMB. The current plan is for Lang to secure sufficient capital via his fundraising efforts for a 30 month-minimum runway. Once this has been achieved and OTC investor rounds have been concluded, then the tokenomics and total supply of the AMB token will be finalized and the max supply will be written into code at that time.
Overall this was a very jam-packed Town Hall, and for good reason. With AirDAO coming in only nine-days’ time, the team is putting a final layer of polish on our first wave of products and ensuring that everything is aligned for a smooth, successful launch. That said, though many of our initial objectives are now complete, we look forward to continuing to develop and build, to realizing that Top 100 potential, and to doing it together. Until next time, have a great week Ambros.
