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[5:20] What were some of the differences when going to online training vs. traditional?[7:36] How online training has evolved[15:07] Where Coaches Eric and Chris start when building an online program[18:43] Coach Eric explains clients want HUV[25:02] Setting boundaries[33:58] 15-minute discovery calls[36:08] Setting prices[42:07] Setting up online assessments and check-ins[51:03] Setting expectations and arranging payment[55:17] Should you train someone in person before moving online?Find Chris and Eric:InstagramWebsite FacebookLink Tree with offersYoutubeTwitterPodcastRise of the FIt Pros BookOnline Fitness Pros 2.0 CourseAbout Chris and Eric:Chris and Eric are Business coaches and owners of "The Dynamic Fit Pros" where they help health and fitness coaches create more income, impact, influence, and independence in their coaching businesses. Along with being #1 International Best-Selling Authors, Podcasters, and Speakers. Chris and Eric have worked with over 800 health & fitness coaches to help them build their online businesses and scale them. After investing in high level business mastermind's groups, elite coaching days with business and marketing coaches, losing $250k in mistakes, and having an online business for the last 10 years Chris and Eric's mission now is to pass on their gifts and expertise to other fitness coaches.Chris and Eric have also built a six -figure online fitness coaching business by the name of Dynamic Duo Training and have worked with thousands of people via online and in person to help them look better, feel better, perform better, and live a dynamic lifestyle through training, nutrition, mindset, personal development, and lifestyle practices. As successful entrepreneurs themselves, Chris and Eric believe that everyone has the right to an abundant lifestyle, and the responsibility to help others have the same.They practice what they preach on a daily basis and that's to live a dynamic lifestyle, which in their eyes means to keep evolving in life, health, wealth, love, happiness, and to never live a static and complacent lifestyle. Be excited every morning and reach for the stars, you deserve it!
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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/AccelDefiFor 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 discrepancy in the coin. Right. And so that could be a price discrepancy across a specific exchange. Right. For example, so something that we talked about was maybe the price difference between Xcel on a decentralized exchange versus a centralized exchange, something like that. And being able to take advantage of that price difference where you could buy at maybe the lower price and sell at the higher price. For example, when it comes to arbitrage trading cross chains. Right. Really what we're seeing is the opportunity to welcome HFTs to ACCEL. HFTs high Frequency traders, generally speaking, are either traders with a large amount of capital or traders who take their capital and put it into a bot. And so now a bot or an algorithm has access to a really large capital. And what they can do with this is the bots can go ahead and they can place these high frequency trades, these really large quantity trades and take advantage of those price differences. Price differences across the multiple chains. Right. So one of the things that we might see, for example, and obviously at the time of recording this podcast, Xcel has not officially launched on the BNB side yet. We did just close the presale, but the actual launch itself has not started yet. But once that does, what we could see is if there's a price difference in the ACCEL coin value from each to the BNB side, being able to welcome that volume to our project, welcome those High frequency traders to the project and allow them to take advantage of that price discrepancy of that price spread. Now that might not sound like something that's advantageous to the individual holder. Right. How does someone else profiting from these price differences affect me? But the thing that the holders have to remember in our community as a whole is that the more volume ACCEL has, the more opportunities that our project has as well. Right. And so, for example, one of the things we talked about was how central exchanges, certain central exchanges will only list projects that have, generally speaking a million in volume daily. Right now, obviously, that million in volume might not be made up from holder transactions exclusively. And so when we welcome High frequency Traders into our project, when we welcome that Arbitrage, we give that opportunity. They can add to the volume of the project and increase the overall opportunities that are being presented to us. One of the other things that happens with arbitrage trading is that as this price spread is taken advantage of. Right. As the differences in price are being utilized, what actually will happen is that the prices will tend to gravitate or come closer, that spread between the prices will tighten as more people take advantage of it. And so the unintended effect or really the added benefit is that these people will end up bringing the prices of ACCEL across the different chains closer to the same value. And so having ACCEL at the same value for me as an individual holder, now that's an advantage that I can use because now I can swap maybe from one chain to another, and the prices are going to be very close. Right. They may not be exactly identical, but that spread might get tightened through arbitrage trading. [Scott] Okay. That all makes good sense, Chris. So I guess a follow up question to that and something that you kind of see a lot with some new investors is they get a little scared by this idea of arbitrage trading. They don't really understand that the price is going to move up and down, like you were saying, and that people are going to have the opportunity to make some money on it. They look at it as a negative and there might not be a ton of balance. I know we touched on them a little bit in our last time we had you on. Could you kind of just give us a brief overview again of what these different market making services are and how they work? [Drake] Yeah, absolutely. So again, the idea here is that these different services exist purely to make the experience for the individual holder a little easier. Right. And so one of the things that we touched upon previously was how when there's a price discrepancy between maybe a central exchange liquidity pool for ACCEL and then the decentralized exchange, these market makers can come in and in the same manner as what I just described, be able to tighten the price spread for us, be able to try to bring those prices closer together. And generally speaking, that's just going to create overall an easier experience for any holder in ACCEL. Right. So these market makers will come in and they'll be able to utilize transactions to drive the price a little higher or a little lower to try and match the other prices of ACCEL. Right. And when those prices get closer and closer together, obviously our stability increases. Obviously, the ease of doing transactions across different exchanges increases as well. So really having that functionality is just another benefit to ACCEL holders. And whether it comes directly from the exchange itself through the use of market making or whether it comes from individual bots that are taking advantage of arbitrage trading, either way, neither of those functions or neither of those trading systems are going to be disadvantageous to ACCEL holders. Right. We still get benefits from that experience. [Alex] Thank you so much for breaking that down for us. Why would it be important for ACCEL to have its own bridge? [Drake] Yeah. So ACCEL is building its own in house bridge, right. The ACCEL bridge. And essentially what that's going to do is it's going to, again, make the ability to navigate this multi chain project more accessible. If I have ACCEL on the ETH side and I want to swap it over to the BNB side because that's my personal decision or preference. Being able to do it in house, being able to have an in house cross chain protocol is going to make that transaction so much more easy. And in doing so, again, we start to kind of give our holders the tools needed to navigate all of this without having to worry about, do I need to use an external bridge? How do I get my ACCEL over to BNB? How do I make these swaps? How do I stick in the different pools? All of that stuff kind of goes away, all those questions or concerns when we have an in house bridge that we can kind of fall back on and rely on. And so essentially, that bridge is what's allowing ACCEL to communicate across these chains that it's listed on. And so I can go into the app or however the bridge is actually implemented once it is finally released to the public and make that transition, make that swap in the app and it'll be just the touch of a couple of buttons and I don't have to worry about really anything else. It'll all be 100% automated because again, that's going to be built in house to communicate directly with ACCEL and communicate across its multiple chains. [Alex] Speaking of it being built in house, is there anything that you can give us without going into too much detail that's going to separate ACCEL's bridge from the pack? [Drake] Yeah, absolutely. So, again, the idea here is ease of transaction, right. Making the experience for every ACCEL holder as seamless as possible. And so when you kind of look at the bigger picture for all of ACCEL's products and sources of utility, right. When we look at ACCEL's launchpad for Coin building and things like that, and you realize that there's a bridge built into our platform that allows us to navigate multiple chains in house, then you can kind of start to see that bigger picture, start to see how having that own bridge, and especially a bridge that works so well across these chains, becomes an additional resource to the holders, becomes an additional resource that we can take advantage of and provide not only to the holders, but to people that we might partner with, provide to maybe projects that ACCEL takes on, or when we have mergers and acquisitions in the future, being able to use that bridge to our advantage, however we need, is going to be a huge leg up on the competition because it's built in house, because we have our own protocol, because it's cross chain because it integrates into ACCEL platform. You kind of piece that all together and you're like, wow, this is really convenient and it's also really valuable as well, right? So we don't have to do any of that externally. It's all in house and it's all also available to ACCEL's holders too, [Eric] Chris all great information and with such clarity that really brings it home to our listeners and just so our listeners all know you can get all this information at ACCEL University and also at our YouTube channel and all of our socials thanks again for stopping by. [Alex] Chris we really appreciate you breaking down everything for us about Arbitrage trading was very informative again everyone please check our show notes for our link tree. Please give us a like please give us follow subscribe if you'd like as always sit back and ACCEL.--------------------------------------------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. 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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.ioFor more information on Accel Defi, please visit www.acceldefi.com or our Link Tree:https://linktr.ee/AccelDefiSubscribe 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 initially the entire pool or audience were people who were already familiar with how to use a decentralized exchange like Uniswap. One of the other things to consider when it comes to why this listing is important to the project is that any trades that happen for ACCEL on HotBit, they're not going to have any taxes. Right. Normally, when you look at a decentralized exchange, there are a lot of things you have to worry about, like taxes on transactions, the price impact from your buy order, things like gas fees that doesn't exist on a central exchange. Those are features that are unique to a decentralized exchange. So anybody who wants to kind of trade or buy ACCEL with a small amount of money now they can do this and they don't have to pay taxes on HotBit. There's no taxes for transfers either. There's no gas fees. And so really what we're doing is we're creating this new pool of users to kind of come in and learn about ACCEL. [Scott] Yeah. So I think that's definitely something that some people don't fully understand. But being able to get into these different demographics is definitely a huge thing that these exchanges allow. Because trading on Uniswap or on these different taxes, it gets expensive with the fees and the taxes. So it allows people to come in for a smaller amount, and it allows them to make that initial investment and maybe they could come in and see how it goes. And it also allows them the freedom to come out of the centralized exchange and move into the DEX. If I'm correct and still allow them to use the staking pool, is that correct? [Chirs] Yes, that's correct as well. And so you can take advantage of the features that ACCEL has, like the staking and rewards, but you can buy on the central exchange, and this is appealing to maybe larger traders or larger investors, people who want to make larger transactions as well, because now they can do this without those taxes, without those gas fees. And then really now you just transfer over to your take those ACCEL tokens out of your central exchange and place them into your own wallet, and you can stick those into the pool like any normal ACCEL tokens would be. [Scott] Okay. So that makes sense that it allows you to have that extra basically an extra pool in a way. So I guess my next question would be, so as we're growing onto these different exchanges, we know we're on Hotbit now. We're going to BKEX next week. How will that work when the bridge is intact? Will that kind of allow even more ability for that? Do you think that will limit it even more? So how do you think it will work with the exchanges? And once we have the bridge up to connect the different chains? [Chris] Yeah. So there's actually two factors to consider when you're thinking about this part. And the first would be the idea that by being listed on a central exchange, we are creating a separate pool, like a separate liquidity pool of ACCEL tokens. Right. And this is going to help bring a little stability to the price of ACCEL itself in general. Right. One of the analogies to consider when talking about this is almost like, again, a bank or let's say we talk about a normal company. A normal company doesn't have all of their assets in one bank account. Right. A normal company doesn't have their entire financial standing based off the number of one account. Right. It might be spread in different areas. And that's basically the way a pool or liquidity pool might work. And so it's going to be spread out in different areas. And so the more we create these pools specifically, like the one that is on HotBit now, which would be a separate pool. And then when we get our next central exchange listing, that would be another pool. All of these add stability to the price, which helps out the project on a much larger scale. But then what happens when there are differences or discrepancies in the price across these different pools? Well, traditionally, for any token that has multiple liquidity pools, generally speaking, the true price is going to be the average price across all these. And so there might be small differences, but the true price of a token is going to be the average price. But in this function or in this feature, there's actually a couple of things that you can kind of look at. And so the first is going to be that bridge that you mentioned, and that bridge is what is going to help keep the price level across all the different blockchains across all the different pools. Right. For example, right now we have our ACCEL token on the ETH side, and that ACCEL token on the ETH side has multiple liquidity pools. Then we have our ACCEL BNB pre sale. And that comes with its own price and its own pool as well. How does this kind of all play out in the bigger picture or the bigger scheme of things? Well, ultimately, the internal bridge is going to help bring that price average. Right. And it's also going to allow easier transactions or interacting across the blockchain. Right. So, for example, if we think about the bridge once it's finalized, what could happen is that somebody could buy ACCEL using BNB and then swap it transferred into the bridge and receive ACCEL on the ETH side, the ETH blockchain. And then in doing so, maybe at the end of that process, they can transfer that to a central exchange and now sell their ACCEL for no fee. Right. Or another example would be you can buy ACCEL on the ETH side in a central exchange, like take those points out of the central exchange. Maybe you transfer them to your own wallet or something. Then you use our internal bridge and you can transfer those over to the BNB blockchain. And eventually, when the staking pool is created on the BNB side, maybe now you can stake your ACCEL tokens on the BNB side. And so that bridge is ultimately what's going to be a function that facilitates the ease of use of ACCEL across all of these blockchains and across all of these different prices. The last thing to consider here is also that there are opportunistic traders, arbitrage traders who will trade ACCEL when there are discrepancies in the prices. And that could be advantageous to the project in a couple of ways. The first is going to be that, generally speaking, arbitrage trading doesn't hurt the price of ACCEL itself, but rather these volume traders are taking advantage of the differences in price between maybe one central exchange and another or one central exchange and one decentralized exchange. So one DEX. And what this is going to do is it's going to increase the volume of transactions that are taking place for ACCEL as a whole. Right. So we're getting increased volume across the board, and that would be beneficial to us in general. So really there's a lot of different things to consider when it comes to kind of the bridge and the different prices. But generally speaking, if you kind of just look back at all the different examples I just gave, all of these are positives for ACCEL as a whole. All these are benefits or opportunity for growth when you look at it from this perspective. [Eric] Chris, thanks so much. That gives tremendous clarity for our listeners to understand exactly how the opportunities are rising within ACCEL on both of the two blockchains that we're in right now between ETH and the BNB side. One other question I'd like to pose to you. Could you possibly explain to us the matchmaking services and how that applies to ACCEL? [Chris] Yeah. So ultimately speaking, there are a couple of different features in place that are going to kind of help balance out the price and these are automated features. So for example if we look at HotBit which is our first centralized exchange that we were listed on, there are features integrated into their platform to kind of help bring some stability to the price and also try to help bring that price closer in line to the deck's price or the price of ACCEL on a different exchange. So these functions or features are also going to kind of build volume across the board are also going to try and balance the price and they're also going to ultimately try to limit those discrepancies or lower them so that when people come and look at ACCEL as a project they see a very similar price across the different exchanges.[Scott] That all sounds perfect Chris I know everything with the ACCEL University is super exciting. I know getting to hear a little bit about the exchanges and allowing our listeners to get a little bit more insight on what exactly goes on on these exchanges was definitely something that I think is definitely worth a listen and I think they're going to get a lot of good quality out of just this short 30 minutes. Thank you again, Chris. It was a super exciting episode to hear about the different centralized exchanges and how they're playing into the future of ACCEL and allowing our listeners to further their understanding of centralized exchanges and DEXs together. Anyone listening to the show today that wants to connect with Chris and ACCEL University, you can find him on YouTube, we have a channel on there and you can also come into our official Telegram. He's in there very often and also on our discord. Once again I want to thank you for the awesome interview Chris and we look forward to our next podcast. [Chris] Awesome. Thank you so much for having me.--------------------------------------------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. 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Eric & Chris are joined at the Nerd Table by Matt Sullo, a former cast member from the Great Movie Ride at Disney's Hollywood Studios (formerly MGM) that no longer exists to discuss some great stories and memories from the ride, and to nerd out at the table. Among the topics discussed this week include a big discussion of Eric and Matt's love of anime and manga, video games and how much they rule, Among Us (and who is looking pretty sus right now), Star Wars, a cinematic Smash Bros Universe and how Chris would put it together, the best dad in Dragon Ball Z, South Park, Funko Pops, and so much more. Grab a seat and let your nerd flags fly!
Eric & Chris are SO READY for Halloween! This episode is one big hype train for the upcoming October holiday, with a very long discussion about all things Halloween - and the conversation goes off the rails quite a few times, so we hope you can keep up! Among the topics discussed include horror stories from working at the theme parks, attractions such as Universal's Halloween Horror Nights, memories from trick-or-treating, costumes, candy (best and worst), and traditions such as annual movies to watch, TV specials to enjoy, music to listen to, and survival horror video games and whether or not they are good. Plus bonus stories, feedback, and even more! Sit back and enjoy, and be ready for (one of) the most magical time(s) of the year!
Episode FOUR of our music trivia game show!Featuring our contestants:Bill McShane, singer/guitarist of Ultimate Fakebook and film editorEric Melin, drummer of Ultimate Fakebook and Air Guitar World ChampionChris Thompson, drummer of Hans Gruber and the Die HardsW.J. Robinson, drummer of White Elefant, Perk and Drugstore Cowboys
We welcome you to once again sit down at the Nerd Table, with Eric & Chris! On this week's episode, the boys interview Nick Moebus, who is currently developing an indie JRPG game that will be released in the (hopefully near) future! Learn all about the game, including how it is being designed, the combat and graphics styles, the lore behind the story, and so much more...its a game that could very well be the first of its kind! As usual, Eric and Chris give their listener shoutouts and respond to comments (Eric still wants to give life advice), Chris tells his favorite theme park story, and Eric tells the story of why he can no longer work at Universal. The boys also discuss their childhood video game memories, superheroes, and what's on their walls. All this and more on this week's episode!
You're sitting down at the Nerd Table once again! This week, Eric & Chris give a give thank you to everyone who helped make the pilot episode a big success, and throw out a few personalized shout-outs, along with stories and answers to your comments and questions! They also tell a couple of stories about their jobs as theme park employees, with a promise of more stories to come. And Eric believes that the greatest twenty year span of movies happened between 1975 and 1995, and he's got a list to back up that claim! All this and more on this week's edition of the Nerd Table!
Eric Chris and Jonders plus Pierce tackle Andrew Lucks sudden retirement.
In this week's episode Eric & Chris look at another John Hughes teen classic with the 1986 film Pretty in Pink. Money, class, friendship and whether or not it's important to go to your prom are all examined in this classic coming of age film.
In this week's episode Eric & Chris see where it all started with the first Rambo film, First Blood. They discuss the minimalist action, interesting character study and why it all led to overblown sequels as they watch Ted Kotcheff and Sylvester Stallone's 1982 action classic.
Eric, Chris and Steve talk about whats going on and what's coming up.
In this week's episode Eric & Chris are joined by Eric's former housemate and the man who came up with the idea for the podcast, Simon, as they sit down to finish off the classic 80s/90s time travelling trilogy Back to the Future with Parts 2 and 3.
In this week's episode Eric & Chris have the time of their life as they sit down with their good friend Colleen Lockwood to chat about one of her childhood favourites, Dirty Dancing. They discuss the films impact, it's cultural statements and the Baby's sisters amazing talent show performance.
In this week's episode Eric & Chris get caught up in a world of deceit, terrorism and used car salesmen with the Schwarzenegger/Cameron classic True Lies. Featuring Special Guest Michael Gekas.