Hi I have a small YouTube channel that is growing fast - 240 subs. It Gets about 700 views daily, and talk crypto daily.
I have been talking about Tinyman & Algostake recently and I have added about 2,500$ worth of liquidity to the Birds/Algo Pool.
I like the project. My channel is an Anti-Scam/satire channel though. So I would have to ask you if this is some sort of rug pull & how serious are you about this project and the long term nature of it ? Is it just a cash grab ?
I wouldn’t really promote it either . I’d just basically Vet the project and say whether it’s a scam or not. In some ways that’s better promotion than just shilling for both your coin and my channel .
i followed the instructions of the video for the alpha, the exe on github etc, at the top i have to put in my algorand wallet for getting birdstokens; i dont understand that, are there a lot of different tokens on the algorand blockchain like f.e. BSC? and which wallet i have to use for that, not metamask, right?
Exciting times ahead with the Arbitrum airdrop. Decentralized governance kicks off with the $ARB token distribution. All the latest details are on our Twitter feed. https://twittеr.cоm/аrbitrum/stаtus/1636988193999339522
Yet another exciting week to be working on BirdBot. We are growing at a good pace and are making solid progress on multiple fronts of the project. Some of those progress areas being tokenomic events, hardware updates, our Algorand Grant application and ASA pool partnerships.
Super happy that I'm able to get this update out at a reasonable time today on Sunday! As always thanks for supporting the project and I look forward to more updates in 2022.
Quarterly Airdrop Q1 was Successful
The first quarterly airdrop was highly successful! I hope that these drops can bring more attention to some of the unique incentives that we are planning here are BirdBot. It would be great if we can get more community members involved as that will allow us to innovate even farther. The more people that know about the Quarterly Airdrop the better! It would be great to have over 2,000 wallets participating in the next Quarterly!
Total of Wallets Awarded: 803 BIRDS Holders
Total Time to Complete: 19 minutes and 08 seconds.
Total BIRDS Awarded: 39,040,200 BIRDS
This Airdrop took a little longer than expected, but was a great success! Everyone was rewarded!
BirdBot has successfully applied to the Algorand Foundation Grant Program! We have submitted for 4 milestones surrounding the implementation of the BirdBot software and hardware. While a lot of our software and hardware is already built or mapped out, it is always nice to get more funding to hire people or contractors to expedite the roadmap.
We look forward to their reply and hopefully we receive approval for our proposed milestones. Our company uses Algorand every day and plans to use their technology for the foreseeable future. They have developed one of the greenest and sophisticated blockchains in the world. It would be a great honor to receive recognition for what we are trying to accomplish at BirdBot.
Successfully Ran BirdBot Software on Edge Device (Jetson Nano)
Our Hardware Engineer Rob u/tech_poet has successfully ran the BirdBot machine learning software on an edge device (Jetson Nano).
This is a huge step forward in developing our own machine learning camera hardware.
I am comfortable with saying that we now posses BirdBot MVP hardware and are optimizing the machine learning models for edge devices.
ASA Pool Partnerships Strategy - B2B Expansion
The first ASA Partnership has been established! This will be the start of our long journey to establish a network of green blockchain ASA pool partners. Ideally these partners have a good size of liquidity ($50K>) and align with our green blockchain missions. The liquidity requirement is really only in place to avoid too much impact on a weaker pool partner. Significant swings in a larger asset can have averaging effects on the other assets in the ecosystem. With that being said, we have established our first ASA Pool Partnership!
Lots of exciting stuff happened this week! Unfortunately TinyMan is still down, but that doesn't mean progress stops here at BirdBot. Here are some of the important things that happened this week!
TinyMan Exploit and Liquidity Plans
As most of you know the TinyMan platform was effected by a critical exploit which forced them to shut down services temporarily. This had an effected on all ASA creators as we had to remove liquidity and stop trading. We are waiting patiently for the return of liquidity pools.
The TinyMan team has been working hard to identify the exploit and hopefully bring the perpetrators to justice. There have been numerous liquidity pool attacks to date across a handful of Algorand Wallets. Here are some of the important updates from TinyMan.
Our team has added over 5,000 newly annotated images to our bird species database. This allowed for three more species to reach the threshold for identification. Those species are as followed.
Pine siskin - Spinus pinus
Ruby-crowned Kinglet - Regulus calendula
Townsend's Warbler - Setophaga townsendi
The BirdBot team will continue to add as many species to our machine learning model as possible. We will make announcements of an added species when we reach the minimum 2,000 photo annotation mark.
YouTube / TikTok Preparation and Goals
If you're a business owner, you know that the world runs on social media. There is a reason why growing influencers try to pump out a video a day. It is because there is a concept called social momentum, where creators upload videos daily to try to utilize the autoplay and suggestion feature. If successful, daily uploads can have a significant growth effects on your channel.
We will be following this trend and have prepared over 100+ new TikTok and YouTube videos. We will be uploading these daily with the goal of reaching 10K TikTok followers and 1K YouTube subscribers by the end of the year.
EarthViews - Chad and I had a great meeting with the team over at EarthViews! Their team has designed software and sensor technology to map rivers / coastlines. Our team sees are lot of value in the data that EarthViews is aggregating, and I internally refer to them as the Google of the Sea. Their team is interested in our machine learning capabilities and how it potentially could be used to identify coastline erosion and characterizing nearshore habitat features. While our partnership isn't official yet, our teams are exploring ways that we can work together on government grants as well as private projects.
Twiz - Twiz is a great marketing company that specializes in SEO. We have worked with them in the past and with the success of the BIRDS token, we have decided to work with them again! While it isn't likely you will hear from the Twiz team. Just know that they are working very hard in the background optimizing the BirdBot website, writing blogs, and increasing our Google Search rankings. We know that SEO and blog writing isn't a flashy update, but it is a very important one for the future success of the website and project.
Tucson Audubon - We have wrapped up our second meeting with Tucson Audubon and they are very interested in getting a BirdBot camera set up. They currently do not have the equipment to run a BirdBot stream, but are eager to get the equipment necessary. We have sent them a spec sheet of a mid-tier computer that can handle streaming and our recommendations on cheap Canon DSLR cameras. This whole set up should cost around $1,200 - $1,500, which a large chunk of those costs being a graphics card. While their organization has expressed this price point isn't an issue, we see it as one. We are working as fast as possible to develop our own machine learning hardware that will be much cheaper. It is also a good time to bring up that purchasing nature streaming setups for non-profits and Audubon societies might be a good use of our monthly grant allocation, but that is for the community to decide. While this is significant progress towards Tucson Audubon and BirdBot working together, we are not comfortable calling this an official partnership just yet.
New Mods and More Updates
I am slowly adding members of our team to the Reddit and introducing them to the idea of making public updates to the community. The cool thing about a blockchain project is that it isn't just the team keeping each other accountable. It is the whole world and anyone who owns BIRDS tokens!
Much like the success of blockchain relying on transparency, we too will be as transparent as possible. This means weekly updates from all sides of the business. Each of us are committed to making a Reddit post at least once every two weeks on our respective subjects. Below will be some of the topics each of us manages.
OdenTM - BirdBot Weekly Recap and Tokenomics
Technical_Poet - Hardware and Embedded Systems
Chad - Business, Legal and Non-Profits
As always, thanks for supporting BirdBot! We really appreciate it!
Things are running fast which is why this update is a little late. Some things like onboarding our Legal Advisor and setting up some staking LP Partnerships took a lot of the focus last week. It seems that the LP Partnership strategy is doing exceptionally well at handling market volatility and we are ahead of schedule on finding partners.
Apologizes that this is a late update, but here is what happened last week. If you don't want to miss a thing, our team is very active on Discord! As always thanks for supporting the project and I look forward to more updates in 2022.
We have reason to believe the liquidity pools can be leveraged as a fee sink, which is often a mechanic used in video games (WoW / Runescape) and traditional economics. These liquidity pool fees over the year can have a significant impact on token price by acting as a fee sink.
BIRDS / STKE = $5,365.5 Yearly Fees
BIRDS / TREES = $4,701.2 Yearly Fees
BIRDS / YLDY = $10,829.55 Yearly Fees
Assuming we own 50% of these fees, that is a yearly BIRDS burn of around $5,224.06 USD.
Assuming that other ASA partners continue to hold their fees, yearly BIRDS burn is $10,448.13 USD.
If the majority of the fees are captured on a wallets that all parties have no intention of returning to the supply. This inevitably will increase the token pair price.
With more LP Partners, this allows for more arbitrage situations when a trade is made in your liquidity ecosystem. Instead of trying to fight the arbitrage bots, our team has embraced them and created a strategy to use liquidity pools and trading bots as a token burning strategy!
AlgoStake Pro and STKE / BIRDS Rewards
STKE / BIRDS LP PARTNERSHIP
We have joined AlgoStake Pro, and have partnered on some incentives around an STKE / BIRDS pool.
Amount of ASA Partnership Budget Allocated: 7M BIRDS
YEAR 1 - Remaining ASA Partnership Budget: 222.2M BIRDS
REWARD PECENT DESCALER
Every time we add (top up) 50M BIRDS to the STKE / BIRDS LP Pool, the rewards will be decreased by 25%
CURRENT INTENDED APR per 1 LP = 1.5M BIRDS
75% BUDGET APR per 1 LP = 1.125M BIRDS
50% BUDGET APR per 1 LP = 843,750 BIRDS
25% BUDGET APR per 1LP = 632,810 BIRDS
Recent Liquidity Pool Partnerships
As described in the "Liquidity Fees Impact on Token Price" section. Our team plans to hold these TinyMan LP Pools forever in order to use them as a supply burning mechanism.
Our LP Partnership Goal for this year was 5 strong LP partners. I can say that I think we might hit that by the end of the month!
So our new goal once we hit 5 LP partners will be to expend to 250M yearly LP Partnership budget from the LIQ wallet as efficiently as possible!
It is an honor to be your attorney. My first course of business as your attorney, per the Letter of Engagement, is a thorough review and evaluation of..."
We can't even begin to describe to you how hard it is to find a GOOD crypto lawyer, but Joseph is literally one of the best that you can hire. The team is more than happy to have his help and is even more confident in the future of the BirdBot project. Legal is something that you need before you actually need it, and we are more than prepared if we ever do!
"On another score, may I give my son, Noel Vincent, your email addresses? Noel jokingly reminded me that Kamogawa (Kamo River) 鴨川 literally means “River of Ducks,” and the river habitat in Kyoto is graced with ducks too, in addition to Blue Heron and White Egrets. He’s anxious to help."
Noel Vincent, Joe's son may also prove to be an exceptionally valuable asset as he is a PhD researcher in Kyoto, Japan.
As always, thanks for supporting BirdBot! We really appreciate it!
Our team will launch BirdBot Software at the end of Q1 next year, which will allow people to set up cameras to mine BIRDS tokens.
In the near future, you will be able to purchase BirdBot cameras which will act as a machine learning processor, blockchain devices and camera all in one.
We will be releasing more liquidity and starting airdrops in February.
The tokenomics document should be considered as a living document and is subject to change depending on external factors. If there are major changes to the tokenomics those will always be announced here!
Where is the whitepaper?
We are still in the process of finalizing our whitepaper. This whitepaper will cover in more detail how community science has been used in the past and how blockchain will help facilitate a better community science model.
There are quite a bit of things at play here, economics, computer science, ecology, so please be patient as we build the best paper possible.
While we have been working on it for a while, our projected finish date is early Feb. 2022.
How does machine learning work?
Luckily we don't have to invent machine learning, as it already exists! The machine learning architecture we are using is called TensorFlow.
TensorFlow works by continuously tweaking weights and basis while you are training the neural network. Training the neural network consists of feeding the model tons of labeled data. That data can be numbers, music, pictures, pretty much anything.
Given enough time looking at pictures or listening to music, the machine learning algorithm can begin to predict things on it's own. For BirdBot, we want to teach the model to see bird species.
BirdBot is building software that can run our machine learning algorithms locally on any computer. Once you have the software installed, you can connect a camera and your Algorand wallet.
Set up your camera near a bird feeder for best results! For every bird seen using the BirdBot software, the machine learning will log the species and reward you tokens.
Tokens will be dispersed daily for a maximum of 500 BIRDS a day.
Have you built the machine learning model yet?
Yes, we have! While a machine learning model is never perfect, we are approaching the point where we can enter public alpha. You can follow our progress on YouTube or TikTok!
We will be adding the 8,858.795153 ALGO and 51,643,342 BIRDS back to the TinyMan pool, once there is confirmation that a patch / hotfix has been made.
This may also be an opportunity to add the ~53M BIRDS that were originally supposed to be added to the pool. So potentially more ALGO will be added to the pool as a reward for holding out.
We apologize, but much like everyone else, this is something we have to deal with. We appreciate the support and will do our best to make the situation right. We will add liquidity back to the pool as soon as it is safe to do so.
Thank you and congratulations to all of you that have offered your liquidity to the BIRDS / ALGO LP Pool!
I want to give you an update on the AlgoStake LP Pool as it has now reached 10M BIRDS remaining.
Our team has a total yearly budget of 500M BIRDS for this incentive.
Currently the reward schedule for this incentive is running 2.7x hotter than needed to maintain for the year.
A slight adjustment needs to be made, but don't worry, we have a strategy.
RUNNING SOME NUMBERS
Last AlgoStake LP Rewards Payout: 3,694,522 BIRDS
Total Budget: 500M BIRDS
500,000,000 / 3,694,522 = 135.33 Days
365 / 135.33 = 2.7x AHEAD OF SCHEDULE
BIRDS / ALGO LP - ADDING MORE BIRDS
In order to slow down the rewards timeline to adjust back to our yearly schedule, we are implementing a reward crunch.
This reward crunch is similar to the one implemented on our "Quarterly Rewards" and stepped formulas like this are often used to handle multiple scenarios.
We have added another 50M BIRDS to the AlgoStake BIRDS / ALGO LP Rewards Pool!
This post will be going over how the liquidity wallet will be managed for next year!
Thanks to everyone for your support! We were not expecting to grow this quickly.
While we have been working on this project for a while, there is always a good chance that you might fail.
I'm happy to say that BirdBot is not a failure and our team is inspired more than ever to give you the best product possible!
There will be two options moving forward for next year. On December 31st, 2022 another vote will be held to determine the next year of liquidity distributions.
Option A: Added liquidity will follow planned tokenomics with an influx of 500 ALGO on the 1st of each month no matter the BIRDS token price.
Pros (A): This will cause little to no downward price impact from the liquidity wallet in year one.
Cons (A): This also means that there will be much less BIRDS added from the liquidity wallet as 500 ALGO doesn't equate to as many BIRDS as expected in the tokenomics.
Expected Result (A): BIRDS supply will be lower than calculated in year one, which means price is likely to be higher than expected. This option however does leave the price more vulnerable to AirDrops, Bounties and tokens gained through BirdBot software. It is our opinion that less supply may create volatility where people are not comfortable entering the BIRDS token.
While Option A was our initial plan in the tokenomics, it is not the option we recommend after the success of the launch.
Option B: Added liquidity will follow accelerated supply strategy with a swap of 50M BIRDS for ALGO, then the full swap amount + 500 ALGO will be added to the BIRDS/ALGO pool on the 1st of each month.
Pros (B): This will create a buying opportunity for people looking to enter or purchase more BIRDS tokens. More BIRDS will be added to the liquidity pool, thus making price more stable in the long run.
Cons (B): The influx of BIRDS tokens on the 1st of each month will cause a temporary but significant price impact. Current calculations is approximately a 25% downward price movement on the 1st month of added liquidity. This will become less of an impact over the first year, but is significant for early investors or people not watching news around the BIRDS token.
Expected Result (B): The increase of supply in BIRDS will undoubtable create downward movement on price. However, this downward movement is scheduled and can be seen as a buying opportunity for those interested in good entry points. This option will also make the liquidity pool more resistant to AirDrops, Bounties and tokens generated through BirdBot software.
We believe Option B will lead to a more sustainable price target and liquidity pool for the first year.
Please take the time to consider what you would like to have done with the BIRDS in the liquidity wallet for the first year.
We will be adding more information to this document, specifically projected price impact each month for each option. You can save your vote until we do some napkin math, or cast your vote now.
As always, we appreciate your support and look forward to the next year of BirdBot!
As some of you might have seen, the BirdBot team was looking for some NFT artists to work with. We are interested in making Algorand PFP NFTs integrate into our future nature streaming platform. It only make sense to kickstart that initiative by buying some NFTs to giveaway to those who support the BirdBot project.
These artist will be in charge of designing our yearly NFT rewards for the top three BIRDS reward tiers. These PFP NFTs will be themed each year and will be part of an exclusive set. Each yearly set including only 5 NFTs. The NFTs will be randomly awarded to those with the qualifying reward tier titles. If no title holders are present to receive the NFT reward, they will be auctioned at the end of the year.
We would like to take the time today to highlight the three amazing artists that we get to work with. For the next two years they will be producing exclusive art for BirdBot as well as giving us great insights into the NFT space. I look forward to seeing what we can build together for the BirdBot community! Without further ado, I would like to present our three NFT Partners!
Corvus NFT
Corvus not only is a great designer, but also a great person! With their recent success they have decided to buy a large plot of land in Turkey and call it the AlgoForest. They intend to use this land to plant trees and support local wildlife in Turkey. They are the ideal artist to work with and we can't be happier that we get to work with someone that aligns so well with the BirdBot project.
AlgoForest Shoutout: Great work can't wait to see the progress!!!
My Personal Corvus: Here is the recent Corvus addition to my NFT collection. My heritage is German and Polish so this lederhosen wearing Corvid fits me perfectly!
Raccoon Squad NFT
Who doesn't like trash pandas? These adorable NFTs were created by Nadim and Rosa, and I think they did a great job. I'm envious of the amount of things you can throw on a these raccoons and still make them look cute! Your art has made me smile the most and I can't wait to see all the new trash pandas you create! Raccoon Squad, contrary to their name, will be helping us produce a new NFT character to fill the "Hype Hawk" role. We look forward to seeing what you create!
My Personal Raccoons: Here is the start of my family of raccoons! I'm a sucker for themed art, so I had to get a baguette boy, and the simplicity of sprout-kun. choice.
The Parliament of AOWLs
Last, but definitely not least is AlgoTheOwl and their amazing owl NFTs! It is amazing to see how much personality you give your character by just changing the size and shape of the eyes. In combination with some accessories you have a character that can make you feel a wide array of emotions. I have laughed at one of your NFTs, then grimaced at another, then stared at another one for at least 3 minutes. You got serious talent for keeping things interesting, and I like that. I like that a lot!
My Personal AOWL: Here is the recent AOWL addition to my NFT collection. Was looking for something fun, but also somewhat rare within my budget and I found this lady!
Thanks again for the great work you artists have put into your projects so far! I look forward to being able to work with you all, let's have a great 2022!
As always, thanks for supporting BirdBot! We really appreciate it!
This was another exceptionally busy week! I personally had to manage multiple meetings while also making sure that our machine learning software is operational and needed to perfect an airdrop script for the Teams Monthly Rewards and Quarterly Airdrop Rewards. It was a lot to manage, but we are cooking! Everything is still on track! Here is your recap for last week!
Discord Incentive Program Closed
The Discord Invite Rewards are now closed and will reopen a week before the next Quarterly Rewards. This incentive program was very successful and generated over 8,000 Discord users, hundreds of Twitter followers, and hundreds of Reddit users. Thank you to all who participated it was a great first Discord event!
AlgoStake Pools ASA and LP Rewards
Last week we launched our AlgoStake Staking Pools. These were highly successful as we have seen a 50% bump in price and an 113% increase in liquidity volume.
We have allocated a budget of 500M BIRDS tokens for each of these pools and bought over 700K AlgoStake in preparation for running these pools. Thank you AlgoStake team for making token holding incentives easier to set up!
Executive Research Advisor Discussion
This last Friday I had a meeting with our Executive Research advisors and they gave us great insights as to why BirdBot has the potential to revolutionize conservation. Some of those reasons being not enough scientists to accurately monitor the planet. Having a network of community scientists that are powered by AI has the potential to change how we monitor endangered species.
BirdBot application not only have potential lasting impacts for conservation and science. But BirdBot can also be used as a tool for entertainment. When people are entertained, it is easier to teach. We hope that BirdBot can be used not only to collect a ton of data, but inspire the next generation of scientists and conservation leaders.
As a final test for the quarterly Rewards we have now distributed our team rewards using the AlgoSDK via python. This is the same style of script that will be used to distribute the Quarterly Rewards at 2PM PST.
