HUGE CRONOS Interview! Director, Ken Timsit LIVE🔴Crypto.com BIG NEWS

hey everybody what is going on and welcome how is the cram doing right now we're live Oscar Ramos Ken Tims said Kronos chain another huge interview with the one and only please cram in the chat right now as you're live show me the excitement you have for Kronos for crypto.com for our chain for crypto if you have any comments or so leave them right there please and I'll go ahead and take a look at them and we'll probably pick some by the end of this live but um I'm not by myself in this one and that makes me really happy Ken how you doing friend hi I'm great I'm great thanks it's great to see you osar and thank you for the invitation uh great to meet everyone as well um who's connecting live right now there you go there you go we have some friends coming in as here in the US might be a little early or so but good morning evening and everybody watching us very happy to have you here with us now and there a lot going on right now uh that's I think for developers and for the audience for Community uh we all are seeing it in fact uh it was seven months ago that we had our conversation it was December 2023 uh and um wow like in this seven months I remember seeing you having a space talking about the testet CK evm back in December it was a space on X and now you just had a conference uh you you were talking about in the tyan community conference not that long ago about the lessons you learned so there's in my opinion a lot that you can share with the cram as far as those lessons as far as those insights and that's a couple of the things that I want to get in this conversation plus the community I ask the crowan for any type of ideas comments concerns and they also have some that I have here on my list plus I also want to talk a little bit about memes as uh here in Kronos we had some excitement with those memes and I mean it brought a lot of volume uh liquidity ideas but of course you know lessons as well so T has happened uh and I just want to pick your brain right now immediately Ken like um in this 2024 What's um what's really keeping you um you know wake up now uh seeing you how the grow the ecosystem in crypto is is moving forward uh yeah so so definitely uh 2024 has been exciting so far and um I think the second half of the year is going to be pretty even full um as well I expect um as far as the Kronos laabs is concerned uh as far as the konos laabs team is concerned really what were uh you know the way that we're trying to manage our priorities is to um be you know agile in the short term uh because uh crypto the crypto sector is highly attention driven um and you know and Hypes come and go so we're trying to be agile in the short term and to provide exposure to projects that capture well the trends of the moment through the marketing support that we are providing to those project and of course at the same time we're trying to build for the long run and uh put chips on the chessboard that we think uh are going to help the ecosystem flourish in the mid to Long Run uh if I look at 2024 so far uh the year started pretty quiet uh then we had a um you huge uh interest in meme coins that per you know permeated the whole ecosystem but also I think found a very strong product Market fit with the Kronos user base uh who got really excited by that and and the explosion of mem coins in a good sense right um you could be seen on the various metrics so if I look at the chronis ecosystem we could see that the weekly volume of VVS went from $20 million to $120 million um you know around April or May the combined market cap of all Kronos ecosystem projects went from you know three to6 billion do uh the number of daily transactions you know increased five or 10 fold depending on the day so you know there was really a strong momentum that was created by that um you know and as is is often case as is often the case in the cyclical industry we are now uh right now in a period of consolidation uh which um you the where I think activity is still strong and healthy on Kronos but you know at the same time uh as is often the case you know some users who maybe who may have joined the trends um later than others uh you know joined near the top and they are understandably disappointed or frustrated that they join too late that you know the upti the upwards momentum did not continue forever but you I think that's part of being in a clione industry uh so you know we've been in the consolidation phase since um miday beginning of May uh now with the US elections looming and the unexpected uh election of trump uh leading to a change of crypto policy in the US government I think we're already sensing um that you the crypto ecosystem now you know again believes that mainstream users are going to come back believes that uh you know some real use cases are going to come back that you know the real world asset hype that um you has been expected by everyone you know will finally become a reality so I think we're going to have a probably a still a very volatile summer just because it's SU and you know uh um there you know the market will be uh waiting and seeing what happens in the news what happens with interest rates but as we get closer to the to the end of the year um we all hope that the market will be starting again to to build on strong fundamentals and you know again most importantly we become a welcoming place for mainstream users I think the regulatory clarity and kind of you know having a welcoming regulatory environment for everyone in the world is really important for the growth of our of crypto in general but even more for Kronos who is really a place for for mainstream users uh and I'm really looking forward to that it's hard to be the Pioneer right because um so many unknowns um the market in um cyclical I think you've been mentioned that a while right now and totally agree uh this is my first full year cycle personally and I totally get it entering in 2021 2022 right now it seems like unreal like wow we're actually going back to that bull cycle we're Consolidated defi infi blockchain it's moving so fast and there's just new technologies and if the chain is not adopting them the users are going to leave so it's uh it's it's a battle so appreciate that and I think you mentioned that too the external factors that we have here in the industry a new government here possibly here in the US inflation coming down Cuts coming in um ETF as well ethereum we have Bitcoin ethereum as Solano also proposed like wow so fast and exciting for the future of of of crypto right so that's good and I think that pans a good way ahead for Kronos in my opinion now yeah so and also I think that the you understandably many users are asking about token prices and um expecting tokens to go up I think it's really important to remember why we are here and get where what crypto is about I think crypto is about providing the tools for users to have Financial Freedom but you know Financial Freedom come comes with opportunities and also a cost and the cost is that you have to kind of uh you can't be handheld all the time you have to learn by yourself what is the right investment strategy depending on what the market conditions are the first quarter of 2024 really the most people were focused on air drops and so you know having yield farming techniques you know being able to understand the rules of air drops on on various chains was really the key success factor and you had to do that in order to to take advantage of those opportunities uh second quarter was about mcoin and you know to some extent uh it I mean it was very volatile but it was also you know quite easy for users because um the technically you mem coins are not hard to uh to use you just need to look at um price trajectories you know I think when we're in a consolidation period like right now there are still tremendous opportunities for people who want to enjoy their Financial Freedom there are you aprs that range between so you know annual yields that that range from 50% to 500% on the various daps on on Kronos and we can talk about that right but just this morning I was looking at the yield on Crow lcow it's 500% the yield on on E CDC e on DVS is more than 20% 50% I think so there are still opportunities but you know when you're in a consolidation phase you know it's less about token prices and it's more about extracting extracting yield from your cryptos and of course that's a bit harder to do uh because um adaps uh uh are technically um you know more complex to understand so I think there are still many opportunities everywhere it's just the strategy that you have to to work you know to adopt in order to pursue those opportunities changes over time and you need to be very agile as a user to understand what's the right strategy given market conditions 100% um it takes a while for a user to understand what you just said I fully get it you come to crypto and we want expected um instant gratification returns I get it and there's nothing wrong with that just that it just look at the cycle and it is what it is now I was going to mention that on Kronos there was a recap posted where Kronos posted a great summary of what just happen on different apps Partners mimon so shout out to whoever's doing it uh if you're watching everybody please go ahead and take a look at the Kronos official X page because everything's there I know it's a lot there's a lot of post right there uh but um it's good if you really want to be engaged right so FY now again um the last time that we spoke it was 7 months ago so Kronos TBL as I know that's a topic right Kronos TBL was I think at a rank higher numbers wise I believe was slower but ranked wise was higher right now we're looking at 17th um Place Bridge tvl and roughly 19th normal TV compared to all the blockchains now I'm looking I'm referencing defi Lama there's many places where you can track that uh but just uh to mention them what do you what's your opinion on that like what's because ever since that I've been tracking Kronos tvl it seems like our ranking is going down and there's other different CH that are passing us and remember seeing Kronos at a much higher TBL in the top 10 years ago we were right next to Solana we were right next to Tron or so and I mean I'm just saying what I'm looking right that's it the facts are like rankwise seems that we're falling behind the so to put things in context um the Kronos so the the the the TL that is relevant here is the the Defi tvl and to explain what it means to users so the tvl measured by Def Lama measures the amount of crypto that is invested in Def protocols uh some other chains uh look at bridged tvl which measure which measures simply the amount of crypto locked in bridges for example you know in the case of l2s they look at tvl as Bridge tvl so that that's the amount of crypto that is locked on ethereum on the bridge between ethereum and those l2s in the case of Kronos most of the inflows and outflows go through a centralized exchange you know crypto.com so the bridges don't really are not really meaningful uh however like the tvl invested in defi apps uh is Meaningful because defi is such an important use case for the chain so that tvl uh was about $350 million in at the beginning of 2024 uh reached just below $600 million in April currently it's at uh just below $500 million so it's been you know I think you know roughly it's it's been increasing a lot uh in the first quarter and then moving sideways mostly uh as a result of um the evolution of crypto crypto prices right the the trajectory of of tvl has largely followed the trajectory of crow uh Crow price and indeed uh what you're saying is true um we were well in the top 10 uh in 2021 2022 and 2023 um we're in the top 15 at the beginning of this year and now Kronos is in the lower end of the top 20 however I think it's important to so look um when you look at the rankings um there are some change who really are here to stay and are are showing strong fundamentals uh I think Kronos is one of them but you know definitely Solana polygon optimism uh you know have consistently shown um strong user traction um and are built on healthy fundamentals I think really the The Stand Out success of 2023 base um you know congrats to them uh they managed to uh build the community of self custo users around um coinbase and that was really successful but also in in that top 20 you have chains that kind of come and go uh because at some point there is an expectation of air drops or you know strong inflow that is driven by investors and you know that may not be meant to last um so I think the uh you we all have the ambition that Kronos will you know have some of the largest liquidity in the in the ecosystem but I think we should take pride in the fact that Kronos performs consistently and is built on healthy uh and authentic fundamentals also I think we need to constantly repeat to community members that in the end what matters is given your crypto you and your quest for Financial Freedom are there opportunities on Kronos that are attractive to you uh to some extent you know the tvl is a vanity metric in the sense that it's it's one that is very important to me and to the Kronos slabs team but it doesn't change uh much for the user uh who is looking for uh trading opportunities and yield opportunities and so I want to of course recognize that there is more work to do but I want to also encourage users to uh focus on what is really meaningful to them which is they need to look at the daps they need to look at trading and he opportunities on the daps and those are still very attractive on Kronos I think that there's much more that they could take take advantage of if they do if they do a bit more research um and uncover opportunities that are uh constantly offered by the d% you know it's when I talk to the community members that's something that um it's a concern that they always bring to the table and I'm like great I mean when to have a chance to talk to K I'll go ahead and pass it on but uh um you're I mean you're right I mean our protocols days continue working there's some some other ones and I see that what you call the yield bearing like it's there like if you you want we have earned now you know there's different partners that are coming into Kronos and are bringing opportunities it's it's up for us right to bring and use them now perfect opportunity to segue to one of the most important parts of this interview which is Layer Two ZK evm one thing that you friend you've been um on it and you obviously know more than anybody that we are watching this one and I want to pick your break on that because one of the things that I think a lot of my Crow F know is how to understand the parallel between the three chains that we have what do I mean Kronos chain layer zero posos layer one Chronos uh which is the evbm layer two DK evm right so that's what I see on kronos.com and I know the test net it's what you've been working on the main net is uh about to start soon we have the passage going on over 30 plus million Crow so congrats to the crow fund that's really exciting what in simple terms you would like to um you know teach the cow I'm right now listening about this new layer to that is providing value to um mainly right first and foremost to developers because they are the ones who are going to be bringing in all these tabs for users to or in yeah so the so first of all um it's important to keep in mind that all three chains have their own reason for existing uh and their own value proposition so Kronos POS uh remains positioned as as you mentioned kind of the layer zero so it it is the chain the only chain where Crow is uh issued and Stak uh through decentralized governance so Kronos P guarantees um the security and um uh decentralized governance of cow utility token of the ecosystem uh the Chron Kronos p is also used a lot by crypto.com for um payments for um the uh nft Trading infrastructure that underpins crypto.com nft um Kronos posos is very cheap very fast but uh By Design it's not meant to be open for any developer to deploy their application and so that's where the evm compatible chains come in you know they their goal is to provide an ecosystem and an infrastructure where any developer can deploy and build their own apps Chronos CVM uh uh is um an what we call an out layer one um it has been our Focus for the last uh two three years in terms of developing the ecosystem um Chronos CVM will continue to exist and um you know particular you know the way I see konos CVM is really that it's meant to be the safe and easy chain to uh for most users and for mainstream users uh Kos evm is also is and will continue to be very close to the cosmos ecosystem um because it's NM blockchain based on the cosmos SDK and uh as we you know prepare the the next upgrades of Kronos CVM at the end of this year and beginning of next year we are going to see Chronos CM adopt two big technological innovations that are coming from the cosmos world so one is uh interchain accounts and the other is uh parallel execution and we can talk about that a bit later in terms of what that means but um the the the short story is uh that the developing the developer team is continuing to invest in Kronos CVM and adopt Innovations coming from the world of of Cosmos chains um and so over time Kronos CVM will continue to be you know will become faster cheaper as well and will continue kind of we continue to be kind of the safe and accessible chain for most users as for Kronos zkm the reason for Kronos zkm to exist is really that we think that uh the Kronos you know Community is great the developer Community is great as well and um we want to give more exposure to those communities to the integrated Community uh of ethereum l1s and l2s uh which uh are really the uh the 100 you know the 1,000 pound gorilla in crypto that's where most of the users and the liquidity are and so really we really don't want Kronos to be cut off from that ecosystem of ethereum L1 and l2s which is going to be increasingly integrated thanks to the L2 technology so we really want to create a bridge between the uh ecosystem and the broader ethereum ecosystem uh we also want to use that opportunity to make sure that Kronos can attract uh you know institutional users corporate users real world use cases for which the security of ethereum is a very important consideration uh the decentralized decentralized so Layer Two by definition is a chain that is built on top of ethereum and benefits from the security of ethereum and as we could see with the ETF um uh uh applications the security of eum is something that's really meaningful and recognized by institutional and corporate investors uh and it makes sense for Kronos to take advantage of that I would however expect and so so Kronos ZK VM will be the F probably the first uh L2 ever to be launched uh using the znc technology so it's going to be the first chain that uses the znc technology that is not zkn era so it will be a groundbreaking achievement I think Chrono KVM is also because it's uh it's built on a blank sheet of paper it's also an opportunity to be a bit more experimental uh to deploy more sophisticated defi use cases uh to to take a bit more risks with Bridges and and the way that we're uh promoting um applications that are more at the bleeding age of innovation so I think for Defi and for advanced users Kronos zvm is really going to be a great place to to experiment uh but again I think Kronos CVM will remain a very strong chain and will it will continue to C to most mainstream users in a way you know continuing on that um uh on that positioning of the last three years which is we want Chron CVM to be CH to be k sorry we want CH CVM to be easy to access uh simple to understand uh and really you safe to use hey everybody what is going on and welcome we have Ken Tims here from colos chain thank you Ken for that you know a lot of us need to understand that Dynamic um of layer twos layer one especially I mean I to me it's bit easier to understand because I've used polygon before which is obviously what really helps ethereum navig faster so for us now in Kronos with a POS layer zero that's I think the key and you said it if you want to really get all those fellas in the millions of different adaps and bring them here on Kronos through Bridges they might come to dkbm and then to Kronos CBM right that might be the idea as far as how they could navigate to us because seemed a little bit difficult to just get them to Kronos CBM directly but opening up this door through the CK BM there you have it now disclaimer I'm not a developer but I am a passionate member of the cram and I'm trying to bring answers to the table and that's it that's what we have the one and only can okay that's really good um I have one question from a Community member asking about the validator Vats seems that according to you know what it's been out there and you can correct me if I'm wrong uh most of the crow or ck Crow that's been passed by it's going to the Beno validator um so is is is it putting too much weight on that validator when it comes to boats so uh I think it's it's a valid question and concern um indeed so the uh so to clarify for people who may not know so currently um so so Kronos Z evm is using a new a token called zik cro as the gas token on the chain and Z Crow is similar to lcow so it's a staked liquid version of crow uh meaning that when you hold ZK Crow uh you hold the a token that represents liquid state Crow locked on Kronos evm chain and in and staked on the Kronos P chain and therefore that uh that token um accumulates uh yield and grows in value over time without the user having to do anything uh that uh so zkc is powered by V Finance which is one of the main daps on on Kronos evm and indeed at the moment uh the way that the Veno Finance protocol works is that uh the crow collected by Vino is sted on a single validator which is the the V validator currently the V validator ranks I think 16 out of the 100 top Kronos p validators uh so it's nowhere near to Big to fail it is uh of course it's one of the big validators but it has you know it is by no means uh close to becoming too big or uh dominant among um Kronos p Med ators we are still very very far from that uh so I don't think that there's any concern or risk uh in the short to midterm however as I mentioned before uh one of the big development priorities for Kronos CVM is to introduce uh interchain accounts and it's quite complex to implement but the bottom line is you we think that there's a path towards V being able to um St collected Crow on multiple validators on Kronos P so the The Next Step would be that voo would then establish Partnerships with selected validators who offer sufficient uh operational guarantees and then there would be an opportunity for the crow to be uh you know split among multiple validators it's not straight forward to do at all so my understanding is that for the Veno team there are still many months of development work needed to get there uh but that uh there is definitely a goal U around achieving greater decentralization of that of that stake appreciate I think right now we're we're nowhere near uh so the vov is nowhere near too big or dominant it's just one uh sizable but not uh not not top validator so there is no really um it's not a a concern for the short term apprciate that Ken thank you and you know uh this you know parenthesis I adore my Veno you know that's what I do that's where I put most of my Crow I really like it since my good friend aent tectonic Ambassador preferred you know um explain how it worked and you know we we actually talked that's the beauty about the crram you got a question you can DM somebody on x just learn and that's the beauty you know um Discord join the Discord on Kronos there's obviously q&as and we help you out but um it's good so um this is just the beginning like I said couple minutes ago the Pioneers we get to see all the struggles questions the concerns but later on when we have mass adoption boom now my community knows and I'm seeing some comments and I have some comments and I cannot of course miss this topic which I want to talk just Bri briefly you know for a while uh but because I want to get your thoughts they already heard my thoughts but I they want to hear your thoughts too when it comes to meme coins right kind of opening up this bubble this space um on on what happened Ken on chonos chain um starting February all the way till May or so um and and so everybody is on the same page right um seen a starting project Pro with knife um launched created because of the pro with knife NFD one of the first ones if not the first one correctly if I'm growing guys got a lot of info right now but that had the community anchored in they created the mem coin and the rest is history and we saw what I've never saw in my life uh so far a CDC listing which um took the price to new levels increasing volume interest to uh spectacular uh you know Vibes and increasing other different projects to build on that momentum here we are today in July and things have changed but again what are your thoughts on what happened on Kronos M coin and do you see coming back again definitely like I said uh before so first of all um I want to congratulate the project leads and the communities that have um you know created those important projects uh who have dominated the the ecosystem during the first half of the year and are still you know right now when you look at uh the the stats U you know still display healthy activity so cow Mary uh currently if I just look at the numbers you know the terms of um daily active users uh you know so Mary at the top Then followed by cows followed by loaf uh are you know in the top 10 among all Kronos daps in terms of monthly active users so they still continue to display healthy activity so you so congratulations to to those teams like I said before I think you know there was a very strong Market momentum that drove uh those projects to new heights uh followed by a period of consolidation and so we're in a cical industry uh we are right now in a period of consolidation um things come back either in the same state or in a new and improved state so I definitely expect that those projects will continue to to build their communities and and grow over time um now I think the the it's great so I think it's great that c managed to get listed by crypto.com uh otherly things took place right the there are um you Mary has announced several custodial exchange listings uh during the last few weeks and is great for them now at the same time I think we need to be uh uh you I think if there's a single focus on like uh either crypto.com lists a token or it's the end of the world people are bound to be disappointed um Kronos is a self custodial ecosystem uh so what we're building is really an ecosystem where um users have the tools uh to trade and invest that crypto and the gold standard for us is decentralized exchanges uh the gold standard is to create the tools for people to be able to trade without giving their cryptos and their keys to someone else uh so I think uh I'm really glad that some uh projects got uh you know custodial exchange listings uh I would you know to me having success on the Dex is also very positive outcome for a project uh and you know shouldn't be seen as um as failure uh list you know listing on the custodial exchange comes is a double double double HED SW uh it usually comes with um a strong price appreciation in the short term uh but unless uh there is continued interest from you know millions of users in the project the correction can be devastating as well and so I think custodial exchanges are used you know they have a long experience looking at projects and they kind of know uh when a project is primed uh to be listed and what are the conditions for that to happen and you know to some extent if they don't list a project uh we should give them the benefit of the doubt and understand that sometimes they know better and know that maybe some decision not be that great for for the users in the midun um so I think we need to be um so again I think the mcoin momentum is here to stay I think there are some very healthy fundamentals on Kronos through the various projects um I think we need to be open as to the range of outcomes for those projects and and not be single bed single-minded on whether you know there's a crypto.com listing or or nothing I think there are there are a range of outcomes that are very attractive for users as well uh and so those are perfectly perfectly um acceptable and successful outcomes as well and again I think for for many people who don't understand I don't work at crypto.com right so I work at Kronos slabs which is the ecosystem development entity of of Kronos so I have no Insight or bearing into any listing decisions the best the best that we do at Chronos slabs is we uh promote the projects you know we make sure that they have visibility we make sure that we inform our various ecosystem Partners about what's going on in the ecosystem so I'm not trying to ju you know I I can't speak for crypto.com about what are the listing criteria but you know I've been in crypto for a while and I know that uh um the the listings can be a double- edge sord and I think it's important to be um uh it's important to be mod you know uh to take a step back and recognize that uh when it when you know when when the time is right for it to happen it happens uh when it's too early it's too early and we need to continue building towards that thank you can when it comes to mem cones it's always um it is what it is these are meme cones right it just happens that we are now on Kronos and they are native Kronos projects and because we are a very passionate jealous intensive Community small community like we want the best and I totally get it I also wanted to give a shout out to and you said it very right the purpose of a decentralized community is not to give your assets to a custodian and that's 100% right because parenthesis 240 million just hacked by an Indian exchange just made a video about it guys I know it's attractive exchanges I give you that these are not your assets when you hand them to a custodian and Apprentice so decentralized what that means is that we had some amazing decentralized uh exchanges that they helped throughout this mem con season bvs Finance eus Bay Moon swap we got dooo from um Chucky project and other ones that if I missed my apologies these are the ones that come to mind um but that's awesome you know I had the privilege of talking to them to some of the developers to understand really what goes behind to the Token roshi token from eus uh from eus Bay then um moon when wolf saw up right and and all and obviously um on Solana is push. fun pump. fun I think so pump push fun is on Kronos yeah pump. fun but here on Kronos our fellas from the Boomer Squad push created push. fun and that one has created some different exotic projects that these are mem GES these are we're a little bit bored we have a great idea let's bring something to fruition what's your thought on that kind of the creativity of the cro from that's right now especially with push. fun yeah I mean I I think it it's uh you know push. fun and also you know the various mcoin infrastructures the dexes you know they all I think have been really impressed by uh their ability to uh to build something that that works and that is easy to use and also you know they are great hustlers in the best sense of the term they are able to uh get the community around those projects get the community excited get people to root for them um so I think that the what has always been great about the Kronos ecosystem is that uh it's a community of very practical people both on the user and developer side they're not trying to invent you know moonshot projects that uh only a handful of people may be able to understand you know they take a they take the best of what's happening in crypto and they're trying to uh create their own version of those things that already work usually by making them easier to use and understand and also by creating a passionate Community around those and so I've always been very impressed by ibus Bay by Boomer Squad uh by bodies by uh and you know with uh dudo and the and moon swap kind of those more th those projects that have been building for a while but you have now have had their uh their time in the spotlight more recently uh and yeah I'm really um I think those are great innovators and I'm really owed and impressed by them thank you again appreciate that now obviously we can stay here for much love but I respect your time I want to go ahead and start with some Community questions that I asked on YouTube on X on when I posted this announcement and these are questions that are coming in and you know um make them more digestible here so we could all benefit from it so when you go to kronos.com Unity you know the cram which I love because that is I believe the number of course that we have in crypto.com uh users that we that we just received not that long ago and that's amazing I mean that's where we're striving to be the the registered users but um often times the community members here of The Crow from I've heard you know that it doesn't feel like it doesn't feel like we have that many people active on chain and feels that especially over now with the mem cons it opened up this concern of often times it's just a pump and dump and we had uh VBS imos um a few of them right and um we saw Ro some of them got listed and they got demolished um in that as listening to the you know to the community feedback that has them qu you know asking question as far as what is this right is this all is that it or why does it does this keep happening and question is what's your take on that like is that something that uh should uh stop as far as from BBS I the imos or what's the what's the mentality that the cam should have in in your opinion when it comes to when it comes to this as there's a reported number of 100 million but it seems like we're lacking in that department when it comes to users here absolutely so my my perception is that um the so crypto.com know has had great success uh acquiring new users in the in the last few years they have built an incredible brand um but for most users the path towards using daps and the path towards self- custody it's really a long journey uh of learning and uh also making mistakes and learning from those mistakes unfortunately and and you know specifically given the timing of the astonishing growth of crypto.com um I presume that many users have been hit by the FTX and Tera episodes uh and um are now um you are you know between that and kind of the regulatory stance of the US government you know they have taken a fairly conservative stance and in the last couple of years and have not experimented much with new new daps um so I think it's a so I think it's a journey clearly uh the mcoin uh episode demonstrated to us at least to me that that that massive addressable user base exists and you know when there is uh when there are projects that they can understand and use easily uh they they can really mobilize around those projects and so for me the success of mcoin project was proof that we really need to make an effort to create accessible projects projects that are easy to use and understand and when that happens um the community is here to to adopt them um so you know I think the when I look at the Kronos ecosystem the North Star continues to be you know let's keep building for when mainstream users come back to web3 uh hopefully with the just the passage of time um and the regulatory changes in the US uh that era will come to uh you to to happen the tremendous success of Kronos evm at the end of 2021 and 2022 shows in my view that when uh market conditions are right for mainstream users your Chronos can benefit uh and so I think we just need for to to build and wait for that to happen but again I don't want to um uh I don't want the message to be let's just wait right I think that's not at all what is happening what is happening is that um right now you know without waiting there are tremendous opportunities for Kronos users if they want to invest their crypto if they want to generate generate yield for their assets um I think they don't need to wait for that those opportunities are right here right now available to them from the various deps um at the same time I think when it comes to rankings and number of users and kind of the all all the kpi that we want um Kronos to demonstrate in competition with other chains for sure it's a journey and I expect next year to be to be great um but it's not at all the narrative is not just like let's wait I think right now there are many things to do already thank you Kord I appreciate it um it's a we've been waiting I think the entire cram not only cam the crypto users has been waiting a lot and when we saw that 73,000 Bitcoin or the Hallen was like what is happening and we saw a correction but we are getting so close and um the billionaires know it it's just matter of a little bit longer in the meantime buil period uh we got another one when it comes to Community Support uh especially you know um decentralized exchanges or in this case mcoin products as they want some Financial marketing support they haven't seen so much especially right now as the consolidation period they have the Pioneer now we have the Pioneer ckm Kronos Pioneer program that's targeting this new layer to change which is great I think we need to develop there which is important but in the Kronos CBM sector right now as there's many mimon projects waiting holding on the line um they ask me what kind of help from Kronos they can get what kind of access to you to the team they can get is if they want you know that armor of of of support yeah uh so definitely the the focus has been um on marketing support and kind of helping to put the the spotlight on projects in recent months uh so we're doing that through um bi-weekly ecosystem Recaps through newslet monthly newsletter uh releases as well as regular Twitter spaces uh Jay from our team is leading that and I think he's doing a great job uh so thanks Jay um the you the are always projects asking for financial support and really um it's a case by case evaluation that needs to happen so there there is no generic answer that I can give I think anyone who's looking at this um ecosystem development from a you with a business um perspective will understand that you know when the main use case is mem coins for example there's not much that an ecosystem uh can do right mcoins have their own uh uh life some succeed others not it's not because you give a 5,000 or $10,000 Grant to a project that it will become more or less successful does not you know I think as an ecosystem development entity Kronos slabs can't really determine or support the success of a mcoin in any meaningful way uh the so you know the the the best that we can do for this project is really to to continue doing what we're doing which is to provide U exposure and marketing support I think we're doing that so you know over time the the business case for providing grants will evolve and will depend on the specific projects that require help and what is their stage of of maturity there is no so there is no single answer it's for your case by case evaluation appreciate Ken thank you we got another question here and thank you Craig for your question here on the on the live chat I appreciate you guys watching don't forget to like and and um subscribe to the channel by the way everybody just wanted to give you uh as we were just mentioning and talking about ckm Kronos new layer 2 in the description I have put the link of Ken's uh keynote uh Speech uh at this ethereum community confence conference so if you're interested after this one click there and you'll be able to watch this 18 to 20 minute video very interesting if you're a developer you're going to love it but uh just F4i all right now this question I think I already know the answer but it was a big one from my community and shout out to Black SE for continuing this effort uh obviously I see it and uh but here it goes you know uh binance uh Burns uh some andb from the quarterly profits and that's something that was noted by some community members Kon Kronos the question is um do you think we can burn a percentage of crypto.com quarterly profits like binance does as reducing the supply of crow and uh making it you know more scarce and potentially making the price much higher what's your thought what are your thoughts on that so really it's a question for crypto.com and I I can you know I appreciate that uh you people who want to ask questions uh to crypto.com you know they they ask them through what whatever Channel they can and so many of those end up on my doorstep but you know I can't really speak for them I I can you know I think personally um I'm glad that crypto.com doesn't you know I think I'm glad that we're building Kronos in a way that uh there is clear separation between the self- custodial tools that are being built and the regulated business of crypto.com because to me that is the key to long-term sustainability you know I think it's uh if there was any um like if I I wouldn't like to be working in an ecosystem that you know has a utility token whose price is um uh influenced by Central actors I think I'm glad to be working in an ecosystem where there is a utility token that utility token is fully controlled by the decentralized governance of Kronos posos things are clear things are sustainable in the long run um and you that uh um things are easy to understand so look I think everyone who holds Crow and you know I'm one of them would like Crow to uh the price of crow to increase of course uh but I think we more importantly we want uh the chonis ecosystem to continue to evolve in on on strong foundations and those strong foundations mean that the the utility token must be decent you know controlled by decentralized governance and to be fair that decentralized governance has implemented various burn programs for Crow of course you know it's not kind of hundreds of millions of dollars of burns but you know sign there are significant Burns that are happening quarterly I'm not involved in that I'm taking you know I'm benefiting from that like any Crow holder I think it's great that it's happening but I think it's important that it's happening on healthy healthy foundations appreciate again thank you and just for you for reference as well cram uh we have the on ongoing burn of the 100 million per year and we just finished 50 million there's a total in the um konos P burn info $9.4 million that is 100 million Crow and there's about 26 million Crow right now pending to be burned so this is done by a proposal it happens gets approved by the validator so burning is happening but of course as Ken said it's not from CDC knew the answer but still it was a big one and Craig is actually that one that that that you're asking so um everybody will understand I get you when we talk about meme coins I think a lot of people just so easy to say well why do we burn this what I I get it 100% it's just that I also agree we're never going to be able to fully appreciate something until eventually happens which is in the future when Kronos has a very good s sustainable future and run and those decision are paying enough later that's my expectations but we'll see we would don't know the future now one question as well from the community is we want to hear more from Ken that's what um that's what they asked me uh the last time you had a a space was roughly in early 2024 and um the last space held by Kronos Labs on X was in March it was about Kronos memes and some of them before that were about you know community and CK evbm um as the consolidation period continues the community wants to hear more from you more from the developers more from the leaders right we're community members we're passionate we're crazy and we have all ideas and they're all welcome right to listen but at the end of the day um they will appreciate you know you coming and stopping Bion spaces contining giving support and uh providing leaders ship um that's something that I think they will really heavily look because I know you are very well invested with the developer Community see you in the ethereum community conference I've seen you you know building something that for us is to use but um FY can they want you to be a little bit more active um what do you think yeah it's great feedback um the I think there are lots of people in the community uh who have emerged as lead you know opinion leaders um and facilitators uh you know you you are one of them uh Elder car is another one uh Nathan from ecus B another one you know I think the we're an ecosystem that is not meant to have a a single leader at all um and I think you know I'm glad to be living in an ecosystem that is that way um it's important to C to the Kronos Community but I think it's you know as at Kronos Labs we have a responsibility to the ecosystem to constantly be looking for new users new developers and to expand the scope um so we we are doing that as well um and we're doing that for it to benefit the existing users we want to to to bring more users to the to the user base uh so it's an important priority for us as well uh but you know I think the the the it's great to have feedback we're doing this podcast today so uh acting on the feedback already in in the in recent weeks most of the questions that I was getting were was like when is this or that token going to be listed by crypto.com like I said before I'm not involved in I don't work at crypto I'm not involved in listing decisions I don't have any meaningful you know I don't have any answer that will satisfy uh people who are asking those you know who have those concerns so it didn't really make sense to uh spend a lot of time offering non answers to existing questions during that time but I think now that we have lots of things happening and we are going definitely to engage more with the community thank you again appreciate that and as we get to the last two questions from you know what we have in in store I get it everybody we all want that 10 100x to proudly say came from Kronos I mean Ken we're seeing from base chain from Solana from ethereum constantly going in and it is normal that for some community members are like when when us when US mean we have everything we have crypto.com we have our name in arenas in F1 in F in UFC and different sports and Kronos as well it's uh leader when it comes in Cosmos I mean I think the community could be more than excited for what's ahead and that's I think a perfect segue to my question the future of Kronos where do you see this blockchain and our community eventually now that we're going to have ckvm by roughly the end of the cycle which is going to be or like the end of the bull cycle in my opinion you3 2025 what do you see us can by that time this blockchain in our community so F first of all you know we are standing on the shoulders of the crypto ecosystem at large and uh when Bitcoin does does well everything else does well um when etherum does well everything else does well um so you first of all looking ahead I'm still very confident about uh the ecosystem at large uh uh again mostly because of what's happening in the US and um for sure Kronos the Kronos ecosystem at large will ride the upcoming waves um and so you know that is um you know this combined with mainstream adoption of crypto um you should lead to a bright future for the ecosystem and the developers building in that ecosystem uh uh at the same time I I I I I keep repeating that I think the narrative is not about waiting for the bright future right the narrative is you if you're a crypto user looking for Financial Freedom you need to take advantage of the opportunities that exist right now and sure it's great to be you know as an invested member of the community you should uh look at chain kpis tvl number of you know number of users and because it's important to grow these but um the there are opportunities every day uh that warrant your attention uh there are tokens being launched every week uh projects that are doing 100 eggs th000 eggs they are um bearing opportunities on tokens from various def protocols that are you know 20 50 500% all of those come with high risk and high volatility so they're not for everyone but that's what crypto is about and I think when you look at the um opportunities that exist on Kronos they are of a similar nature as the opportunities that you can find everywhere else sure you can find more mem coins on S but you you know there are also more rck pools and failed projects on SOL so it's not because you you you don't need 100,000 mem coins you need maybe 20 and you need to spread your your bets across 20 and that's probably enough for you to take advantage of the of the wave um so there might be more volume of opportunities elsewhere uh but I think Kronos has a very strong and healthy ecosystem that has already reached critical size where there is enough of everything there are mem coins there are def protocols there are games the loaded lion games was you know you you know received extremely strong feedback from people as as far as I could see on on Twitter uh there are enough opportunities for you to be busy um I think that's really the message that I want to to convey uh so the someone who's focused on just like Crow reaching $1 um is is missing on what's really happening on the Chain I think absolutely right I mean that's of course where perfect dream world I mean that's if we're bullish on crypto in the long term of course kind of kind of makes no sense that's that's obvious right we have so much potential but look at what's going on right now continue building and what you mentioned of course about rock poster scams it it happened right especially with the mimco space um this season that also affected us too it was uh nasty um but uh that's happens to all blockchains right and it's part of the learning process we'll have one more question which I believe I think is pretty cool when it comes to real world assets um as you know bringing those to blockchain it's important uh this question says here um that um Kronos does Kronos have any partner or plans right to reaching out to Partners uh to convert rwa to the blockchain especially not maybe with a ckm coming up [Music] um no concrete plans yet but yes there is kind of a strategic Direction um on Kronos evm we've been regularly in contact with projects who wanted to introduce real world assets to to Kronos uh but I think probably because Chronos CVM is not um integrated with ethereum most of those discussions were with projects who were relatively small Limited in scope like you know someone who wanted to like to sell maybe 10 apartments or on crypto or a few kilograms of gold something like that so those discussions really never LED anywhere um with krono Z KVM a layer two secured by ethereum um uh I expect that the opportunities to attract institutional um and corporate players and corporate custodians you will be greater uh so definitely there's a strategic Direction with Kronos KVM which is to create an environment that Fosters the rise of real world assets uh but no there are no concrete plans that they can announce at the moment appreciate again thank you Cam is listening and that's always good last one last words to the cram Ken you and I and many leaders like you mention opinion leaders and you know the community as a whole we have seen uh the ongoing changes in the crypto space for the better for the worst Germany selling billion 2.9 billion of their wallet in Bitcoin crashing the price of 53,000 BTC but Days Later backup Rising again because the bullish momentum then we have different announcements when it comes to the Bitcoin conference comes to ethereum launching soon in a few more days here in July wow I mean it's hard to sleep nowadays when so many great news if you understand crypto what are the last few words of advice and wisdom that you want to share to the cram so they can take home and continue enjoying the benefits of being in this chain um yeah so I mean I've said it a few times already but I think it's as good a conclusion as um I can muster right now which is um so we're building a self custodial ecosystem where every week there are new opportunities those those opportunities vary depending on what is the dominant narrative in crypto and um I would really encourage users to not be stuck in the past right so um the there are Cycles um where tokens of a particular narrative are going up there are cycles of there are periods of consolidation there are periods where it makes more sense to focus your attention on yield farming than on token appreciation um it's important to be agile and take advantage of the fact that every week new projects are launching um so I encourage people not to be stuck in the the past you know what has worked in the past may not work at this particular moment I also want to encourage people not to be too focused on the future you know of course we want to build an ecosystem that has strong fundamentals in the future but I'm not saying you need to wait 10 years for uh Kronos to be useful you know I want you know I really encourage people to be focused on the present to take uh information from people like q u and other opinion leaders in the community who are constantly surfacing you new projects um we've done I think a common effort to increase the spotlight on Project releases both old and new projects through the bi-weekly ecosystem Recaps through the Twitter spaces uh through the website called discover. chrono.gg um there are also other you know other key opinion leaders and projects that have blint various platforms where you can you know follow what's happening with the ecosystem and so you know um I think there are great opportunities every single week it's important to uh uh be up to date on what those opportunities are and you know the uh um I think the the the the the ecosystem has nothing uh you know uh that does you know there's nothing that other ecosystems have that Kronos doesn't have um um yeah there you go has so so much to do but I think the building has been done as well and right we're ready I think we're ready for what this upcoming rise in the interest volume liquidity is going to come so again as always appreciate your time friend for stopping by to the channel for reaching out to the community to the cram it's obviously so much that we want when to continue building and well this is the one step in the right direction into Kronos to be the leader when it comes to more engagement building and Financial Freedom opportunities again I wish you guys the best continue building from cram and if anything you let me know reach out to me as as always yeah thanks a lotar thanks to everyone who uh followed us today and uh stay for more than one hour uh through that discussion let's do that again soon thanks yes thank you okay have a good one thanks so much ahead and perfect all right everybody so there it is thank you again for coming up once again everybody watching you now heard from director of Kronos Labs Ken Tim said we had a great conversation different questions were asked a lot of different angles ckm was touched memons were touched a lot of different things we continue building we continue here ready for us bringing the cram together I appreciate you guys time for all you have a great time blessing to all like And subscribe take a look at the links down below appreciate your questions and I'll see you next time everybody peace let's go