To avoid multiple, repetitive post on all the bugs in GTA online, especially since the latest DLC release, this post will contain all the common bugs and will be updated as more are discovered and workarounds are found.
Please leave any other bugs you've encountered in the comments below and they may be added to the above list, but please note that this is not meant to be a discussion thread, it's meant to list common bugs so players who encounter them know they are not the only ones experiencing them.
Any comments/replies beyond simply listing a bug will be removed, and the user may be temporarily banned from the sub.
Before leaving a comment, please review the above list, and the comments below to see if what you're about to post has already been listed or commented on.
If you see a comment with the same bug you've experienced, please upvote it so we can see how many others are also experiencing that issue.
Posts about any of these bugs will be removed.
​

Bugs related to the Cayo Perico Heist DLC:

1. Not being able to join friends / error message displaying prompt declaring a certain player hasn’t finished the GTA Online tutorial.
   
2. Not being able to deliver various pieces of heist equipment to the Kosatka during missions.
   
3. During the Plasma Cutters mission, taking a picture of the heist prep board in the safe house won’t register and you can’t send it too Pavel to progress the mission.
   
4. During the RO-86 Alkonost Plane delivery mission and the Velum delivery mission, the delivery checkpoint will be stationed at the casino, either the garage, front door, or music locker enterances will be highlighted.
   
5. During the Longfin boat delivery mission the delivery checkpoint will not register the Longfin once it has reached it destination.
   
6. When poisoning the water tower on Cayo Perico, players have reported either themselves or other players dying randomly.
   
7. When hacking into El Rubio’s compound, players have reported being stuck on a static as the game loads the cameras in the compound.
   
8. When quitting GTA Online after doing a Cayo Perico Heist mission prep, the game won’t save your last prep, requiring you to do it again.
   
9. The Cayo Perico primary target value will sometimes not display correctly and there as issue the incorrect amount of money for stealing the primary target on hard mode.
   
10. In the Cayo Perico heist finale, selecting the drainage point as your entrance into the compound won’t register correctly on your map, with the highlighted icon being the main entrance rather than the back.
    
11. All of the Pariah’s spoilers won’t display visually for any player.
    
12. When using the track pad to open the interaction menu on the PS5, the game soft locks you out of using your interaction menu again.
    
13. When escaping the compound, sometimes the boats at both the main dock and north dock won’t spawn.
    
14. Killing the juggernuat may cause the alarms to go off in the compound, even if done stealthy.
    
15. Both the Tom Conners missions and the English Dave missions sometimes bug up and don't allow you to deliver an objective to the yellow circle.
    
16. When entering the compound, plyers are reporting disconnects, either the host of the heist leaves the game or another team member will leave randomly.
    
17. When leaving the compound, the game will not give you a way to escape, leaving you softlocked in the compound.
    
18. In the heist finale screen, platers report not being able to buy a heist support crew.
    
19. When completing the Cayo Peico heist, players report that they discount from the game as soon as the heist is finished, leaving them without their payment.
    
20. Some players report that the payouts are incorrect when being divided out to players, as an example, a 30/70 payout will change to a 15/85 payout when the heist ends.
    
21. Some players report losing their payout as soon a they reset the game.
    
22. Prep missions for the Cayo Perico heist will not start randomly.
    
23. During the Alkonost setup mission the laptop needed to progress the prep mission will not spawn.
    
24. During the Alkonost setup mission the plane will start smoking instantly when leaving the hanger, causing the plane to prematurely blow up before the mission ends.
    
25. When scoping out Cayo Perico for the second time, (steal the plane from the drug dealers,) the yellow dot mission marker will not display, not allowing the player to fly to Cayo Perico.
    
26. During the scope-out mission for Cayo Perico, players report the supply truck not spawning in.
    
27. When collecting the Chakra Stones for English Dave, collecting all he stones will not prompt the next mission objective.
    
28. When trying to obtain the safe codes from the head of security the casino penthouse, players report the main target not spawning, effectivly softlocking the player in the penthouse.
    
29. "Invisible guards" patrol the compound after you rob it, resulting in your player character getting caught.
    
30. Guards will sometimes not show up on the radar when on the Cayo Perico heist finale.
    
31. Players report different weapon loadouts, entry points, and exit points on the final heist rather than what they choose on the finale screen.
    
32. Players report that when entering the drainage pipe and surfacing into the compound, the game breaks stealth and puts you into combat.
    
33. The Madrazo files will sometimes get replaced with an entirely different target all together on a first run of the Cayo Perico heist.
    
34. Delivering anything to the Music Locker will sometimes not work.
    

Bugs related to the Casino Heist DLC and GTA Online Broadly:

1. Cannot deliver heist prep equipment: The vehicle will enter the yellow circle and nothing will happen.
2. Cannot deliver product from businesses: The drop/delivery won't register, or you enter the delivery circle and it won't register.
3. Cannot deliver Business Battle goods: Will not register when entering the yellow circle.
4. Falling through the map.
5. Getting stuck in the man trap or spawning under the map during the Casino Heist, or being disconnected.
6. Oppressor MKI, or any car floating in the air.
7. Flying over the water and respawning on the beach.
8. Changing lobbies but being put back into the same one.
9. Not receiving Elite bonuses after completing the Casino Heist.
10. Starting a Casino Heist and having no objective point on the map, causing players to have to leave the lobby.
11. Having to setup the Arcade again after previously doing the setup mission.
12. Vehicles/aircraft not spawning after being requested either from the mechanic, Ms. Baker, or through the interaction menu.
13. Nightclub technicians will stop producing certain products.
14. Certain vehicles losing their resistance to rockets/explosives. MOC, Avenger, etc...
15. Infinite loading screens
16. White screening during the Casino Heist end screens.
17. Heist cuts not being properly distributed after completing Heists.
18. Casino Heist being stuck once you leave the arcade: Can't move, etc...
19. Rewards in Arena Wars, or other jobs, not being properly calculated for the person in first place.
20. Trade prices not unlocking after completing the Casino Heist.
21. When searching for a casino heist through quick job in your cellphone, there's a chance it bugs out and upon joining the room, you're unable to see the finale board where you'd normally see the percentages and ready status.
22. On silent and sneaky, there's a chance the guards that are supposed to be moving around and patrolling stand completely still. This is both helpful and annoying in different parts of the heist and if you haven't got duggan shipments completed, you're pretty much fucked or forced to get creative.
23. On Big Con, sometimes the exit disguises don't spawn even though the run was done completely undetected (I've experienced this with gruppe sechs entry).
24. When collecting daily vault, sometimes it might happen that you get stuck in the animation without being able to stop.
25. The stockade sometimes spawns in the wrong arcade.
26. Getting stuck in an endless dancing loop during the Casino Heist setup for the level 2 keycards.
27. Incorrect getaway vehicles will spawn for the Casino Heist.
28. In Sumo(Remix) the wrong team will be awarded the win.
29. Mechanic will sometimes not spawn and the player will not be able to modify their vehicles.
30. MC business raids not sending message to players.
31. Dying during the explosives prep mission for the Casino heist can lead to a long, or infinite respawn.
32. During the Prison Break Heist Rashkovsky will not move, be invisible, or die after parachuting from the plane at the end of the Heist.

​
Please report bugs directly to Rockstar You can also link this post to them as well.
If you have lost money due to a bug, please open a support ticket.
-7DeadlyFetishes

TL;DR it takes too much work and mental stress to become consistently profitable. Get a day job.
Below are some of the guidelines I make for my own personal investments and I am sharing my investing perspective so it may help others improve their trading views through the perspective of an idiot.
What I think every investor should know/learn about:
•It usually takes years before traders become profitable, but it can be a great source of income if you can game the market.
•It is important to remember that there is always a winner and a loser in a trade. The banks are usually the winners.
•When you go to the casino always find a way to bet on the casino winning.
•Only sell puts when they are covered and you intend to buy stocks from it to use as a potential swing trade or long hold. You don’t want to get caught trying to work the verticals after hours.
•Indicators are great outliers for trading, but should really only be used as a basis to judge your trades at the end of the day. you want to avoid getting VWAP, MACD and IC fucked because when you’re trading at the bottom of the channels sometimes it just keeps going...
•Sitting back and going cash heavy is never a bad move. Sure you miss out on some opportunities but you certainly don’t want to feel the bite of overbuying during an institutional sell off.
•Consolidation can take weeks before it rockets or blows up. Place consolidation calls 1 month out and swings 2 weeks out. Theta usually burns during the last week more than any other time, so doing 2 week trades is usually best unless you expect the market to turn the next day(don’t buy calls for next Friday exp if tomorrow is the only up day you expect) because other people are probably thinking the same thing and selling their options at the same time as you.
•Generally speaking, most people lose money by buying a call or put and holding it until expiration. If you’re lucky enough to ride a daily wave or gap consider selling out or pulling profits to gamble with house money. How many degenerates have been up 100+ only to be down 90% the next day?
•Know the rules(really though, read the rules on exercising options as they vary from platform to platform).
•make your own guidelines, and look for keys or tell tale signs of a head fake.
•If you’re new to trading stocks you should probably stick to trading stocks until you learn what a bid/ask spread is, learn how markets move, and learn how all the small things can make industries move on a macro level.
•Learn how to time the market and compare charts for consistent moves made during specific time periods. Break it down per 1,5,15,30,60 minute charts and daily charts mon-Friday for years. Try to find tendencies and consistencies in charts and graphs. If you think you can read charts and patterns choose a random day of that stock that you have not studied and day trade it using Webull on normal time playback(not on fast forward so you suffer the misery of watching it move slowly for minutes on end only to miss the timing of the jump or bottom).
•There is nothing wrong with holding onto cash and just watching/studying the markets. Look for how different things like hurricanes, war, tsunamis, inflation, deflation, bond yields and exchange rates effect the market in the mean time as that is what has been driving this market on a macro level.
•my personal holdings strategy is 80% cash, 10% stock, 9% options and 1% leverage. It can change to 90% cash and 10% options with a 5-5 or 8-2 split when I am not holding onto stock and run bearish. I do not want a normal market as that would kill my strategy(a market that lacks volatility).
•If leverage is too expensive to buy on your positions, find a stock that has been outperforming based on that sector and short it(assuming you’re call heavy). They usually have the lowest IV but the largest amount of movement. Puts on triple leveraged is also a pretty decent money mAker when looking for leverage(costs more but has a tendency of having larger payout percentages).
•Learn about psychological manipulation and the way institutional investors move the bid/ask spread to create artificial support and resistance lines before canceling their buy/sell orders and letting the stock run. Sometimes they will kill the price after a few minutes just to create a different bid/ask spread with backup orders(my theory is that this is what creates VWAP and MACD flops on a macro level).
•create your own rules that will help you refine your investments. Having too many rules doesn’t limit your trades, rather it increases your ability to invest by increasing success and through this creating confidence required to make the right trade.
•Look at daily bond yields and volumes of bonds bought/sold and at what prices.
•Watch currency exchanges as currency rates will clearly make a difference in profits that rely on imports/exports(almost every company).
•When trading wedges, sell out when one set of options covers the cost of the entire wedge(calls and puts) +10%, and hold the other side until the stock goes the other way. I view it as buying the consolidation, profiting off of movement, and banking off of a head fake.
•sell options within the first 15-30 minutes of market open if the stock spiked to take advantage of volatility.
•buy options around 2-3et as that will usually be the cheapest time , but the last half hour can also be a great time depending on which part of charts you like to work.
•Close options as a day trade if I profit 100% or more in a day.
Personal rules:
80% cash, 10% stock, 10% options with 90% cash-10% options if I am bearish.
Don’t overpay for an option just because you think you can scalp a quick 50%. It’s not worth getting macd or vwap fucked.
If you have to pay more than the price of 1 stock for a weekly option that is 50 cents or .2% otm it is not worth buying in my opinion(don’t hold options for more than 1-3 days at the most because you don’t want to ride the waves if you know a down day is coming).
Be happy with 5-10% returns. Sure some people might be making more, but you just need to hit the right rotation to outperform them.
Do your research. Don’t jump on hype/meme stock.
Inverse Cramer except when he is giving advice to service members.
Always buy leverage because breaking even on bad days is worth sacrificing 10-30% worth of gains to make sure you break even if the market turns.
Know the who(who is the ceo and what have they done), the what(what does the company sell and who are they marketed towards), when(when do you plan on buying and selling), where(where are they based out of), why(why do you think this company will outperform the other companies in the same sector), and how(how did you hear about the stock? Sources matter as they will give you an idea of how accurate they have been in the past).
Buy on bad news and sell on good news. Most of the time billionaires already got the news and sold out by the time you hear about it and panic(causing more panic and a great buying opportunity).
Edit: food for thought: ever wanted to exercise an option afterhours and sell it in early premarket 4:30 et to buy and dump the position? How are you going to exercise those options without cash to exercise them?

TL:DR

• This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
• This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
• The second part (already released, you can read it here - but get through part 1 first :) ) will go in depth to explore the question “Can we 10x from here?”
• DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
• I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.

Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:

1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.

As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

TL:DR

• This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
• This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
• The second part (to be released later this week) will go in depth to explore the question “Can we 10x from here?”
• DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
• I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.

Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
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1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.

As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Choose an Online Casino with a High Payout Percentage - When playing keno at an online casino, the payouts are usually higher when compared to land-based casinos. However, you must remember that the maximum return will vary depending on the online casino you choose. 사다리토토 Before you begin playing online keno, research your options. Look at payout percentages and pay tables on offer with various keno games. By choosing wisely, you can lower the house edge and help yourself by earning the highest payout possible.

This call of assessment may make you wonder about the exact definition of casino payouts. Many game lovers have never looked into the real meaning of this phrase. Read on to find out the approximate payout odds and how to find the right casino. Everyone has a personal game method and the payout percentage should matchyour record.
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The private play fashion is the simplest part of how to win prizes. Other parts of the sport have nothing to do with you. Payout rates are usually set using online casinos. You need to find a percentage of online casinos that praise your preferred strategy. It's easy to find out how much money can be misplaced in a particular game, along with cutting-edge strategy. One example of a method is the "Martingale" approach. Players can usually see how much money they will lose as the roulette game progresses. This particular skill requires you to double your bets every time a loss occurs. The prize money will be widespread while it actually occurs. However, this technique does not paint a picture if the casino has a negative payout ratio. You need to learn how to match the method with the payout.
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Percentage rate range. The quantity depends on the type and perimeter of the sport. Land-based casinos in the U.S. have to surrender to their customers for how much money they have made. Some are as low as 70%. Although online casinos can vary greatly. This is caused by a large number of gamers.

It's known that there are thousands of gambling sites on the internet available to choose from. Unfortunately, there are also a large number of them that are just scam, unfair websites. So, how would you be sure you are choosing the right 우리카지노 for you?
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To help you make your online gambling experience as fun and enjoyable as it should be, we wrote this small and concise article with a few and key issues you should always take into consideration before you decide to sign up and deposit money on any online casino.
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Casino Information and License:
First of all, transparency is a key issue for any business. So, a reputable online casino will provide visitors with clear information on its website, and the absence of this information is a bad sign of an unreliable casino. A reputable online or land-based casino is located where it is regulated and a permit is required to operate. Meets this criterion is a good sign of whether it is a trustworthy casino.
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Quality of Customer Support:
Although the players usually overlook the customer support issue, you definitely should pay attention to provided casino's customer support. You may hope that you don't have any problems, but if any issue comes up, especially if it is financially related, you wouldn't want to wait 24 hours or more for a response. If an online gambling site really wants to assist customers it should offer a 24 hours quality support with a wide range of contact options like e-mail, tool-free telephone number, online chat, and more. I really recommend you to make a kind of test. Try to contact the casino's customer support service before start playing, asking them a few questions about the software platform, games, and bonuses, and rate how long it takes to receive a good response.
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Casino Software Platform:
There are many different casino software providers available. Most reputable gambling sites often use software from the top providers like Microgaming, Real Time Gaming, Rival Gaming, Playtech, and Boss Media. Sometimes a gambling site may use its proprietary software, which doesn't mean it's not good, but you should pay extra attention to its characteristics and reputation.
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Casino Payout:
While you analyze an online casino you should look for information about payout percentages. Many online casinos publish monthly results of their payout rates. When considering a higher payout percentage, as a casino advantage, you should be aware of how independent is the audit of this information.
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Money Transfer:
Before begin playing at any online casino you should be aware of the available financial options. The top-rated online casinos usually offer a large variety of withdrawing and deposit options. You should also check your transfer limits that may be applicable in some cases, which may be a negative issue against this casino.
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Bonuses and Promotions:
Almost every online casino offers a wide range of bonuses and promotions to attract player's attention. So you should keep in mind that these bonuses and promotions are a good incentive, but you need to completely understand the regulations and rules related to these promotions. If the promotions weren't completely comprehensive you should consider playing at another casino.
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In this article, you were presented with a set of key issues for you to keep in mind, as guidelines, while choosing an online casino to play at. I cannot guarantee that, following this guideline, you will be completely safe, however, they are, for sure, a set of common-sense key points to be considered while choosing a casino to play at.

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An IDN slot machine is an Internet Dial up Connection (Dsl). You can easily find an IDN at most casinos. This kind of slot machine enables you to play online casino slot games via your personal computer. Playing online slot games with an IDN machine definitely has many benefits. First, playing online casino slot games with an IDN machine definitely has more possibilities of winning a jackpot than just a regular slots game done with other kinds of slot machines.
Aside from the fact that there are not as chances of winning with traditional slots games, there are also more opportunities in winning jackpots in online casino game with IDN slots. This is because most of the slot machines online do not require any coins to play. There are also those that do not require any coins at all. With this feature, jackpots in online casino game with IDN slots are usually bigger than what you would get from a regular casino game.
However, these are just some of the advantages that you get from playing with an IDN slot machine. There are also some disadvantages that you should know about before getting yourself involved in them. First, since you do not have to leave your seat or money on a machine, there is a greater chance that you will lose your money. If you are playing in a real casino, this may be acceptable but in an internet casino, this is something that you would want to avoid. If you want to get real enjoyment out of playing online slots, it is better if you play with real money and not using your credit cards and PayPal accounts.
Another disadvantage of playing an online slot machine that uses the IDN slot code is that you cannot tell whether a particular win will pay off or not. Since the outcome of every spin is already preplanned, you can't tell whether you will get the amount of coins that you have settled on. You have to make sure that you know your limits and your bankroll when playing such kind of slots. Otherwise, you might just end up losing all of your winnings.
There are still many people who would rather play in a casino than playing a poker game over the internet. Although you cannot see any significant difference between a poker game and an online slot game, you might want to still enjoy the excitement that these kinds of games bring. To do this, you can try to increase the amount of chips that you put into your bet by choosing the best payouts.
As a matter of fact, you can increase your chances of winning by choosing randomly when playing slot machines. Since there is no specific pattern that can be followed in slot machine games, it will really be impossible for you to tell whether you are going to win or not. However, if you do have this information at hand, then you can maximize your earning potentials. Playing online casinos with agen idn slot machines is a good way for you to earn additional income.
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There is a growing debate between the popularity of land casinos versus online casinos. While the basic format of the casinos is the same, the debate comes when choosing a casino to suit you, the player. Choosing the type of casino is a difficult choice, but once the type of game has been decided, there are several points to note on the different casinos.
The slot machines are the key to deciding on the better type of casino, as they give a good indication of the level of game play in the casino itself. While the slot machines themselves are similar, in that you insert the coin and pull the handle, hoping to match the symbols to win the prize, the differences are many, and it's important to understand these differences when making your decision.
The payout of the machines has a large impact on the decision. A land based casino has a considerably smaller payout percentage than an online casino. This is mostly due to the overheads that the land casinos have to pay out to run the casino. For example, they have mechanics, waiters, cleaners, and dealers, and these are paid through the house profits of the machines. An online casino usually only has a few workers that require payment. In this way, the payouts are generally higher, and will entice a larger customer base due to the increased rates.
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When thinking about the wide range of games, a land based casino doesn't offer the same variety. Mostly this is due to space in the room, and the cost of having many different machines. There is also the fact that only one person can be playing the same game, so there may be an empty machine in one area, and a queue in another. Because an online casino deals with the software for a certain machine, there is no limit to how many can play, and there is an unlimited amount of space to have a wider variety of machines.

A slot online, also called a virtual slot machine, is a computerized gambling machine designed for use online. The term "virtual" refers to a distance in time between the console on which the game is played and the slot machine location, and the term "online" refers to the interface with the slot machine. In real life, slot machines are located inside casinos, whereas online slot machines may be operated by a third party, usually a website developer. Online slot machines operate in the same way as their traditional live counterparts. A slot online is similar to the slot machines found in casinos; the main differences occur in the interface and variety of bonuses offered.
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Slots generally pay out more than one hundred credits per square play. There is an upgrade/downgrade structure where the newer machines offer better chances at paying out more credits per line. This means that some machines will pay out more credits per line than older machines. Players should carefully study the payout percentages and payouts of each individual machine in order to determine which machine will be the better overall choice for their slot gaming needs. Playing slot games on a machine with a high payout percentage will provide better chances of payout than playing a machine with a low percentage.
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Link to AMA Recap
Dylan Dewdney | Kylin Network — CEO
Let’s do it!
Bilo 2000
It’s our pleasure to have you with us today, Dylan Dewdney, Kylin Network’s CEO. I would like to welcome you here on behalf of our entire community.
Dylan Dewdney | Kylin Network — CEO
Thanks so much and look forward!
Bilo 2000
Could we begin with a brief history of yourself and your team, and your roles at Kylin Network and what you were doing before Kylin Network?
Dylan Dewdney | Kylin Network — CEO
I’ll try and keep it brief, though it’s a pretty long story tbh:
For me:
1) I wanted to be an academic, and I was really interested in revolutions and social movements throughout history. In paradigmatic revolutions, ideas about Hegelian Dialectics, punk ethos, the Situationists, etc.
2) Started to get into ideas about value in online life in 2006–7
in game currencies and economies
etc.
then discovered BTC randomly in late 2010
Shelved it in my mind then came across it again late 2011, and just got progressively more involved in the space/industry
Lots of twists and turns
That’s me in a nutshell. Re: the team:
We are a pretty deep group, and I am unsure of other groups in Polkadot space at least with as many heavyweights involved
We were all sort of biding our time until a technical framework came along that we felt could comprehensively, and economically solve the Oracle Problem.
We felt that was Polkadot. When the time was right, we struck.
Bilo 2000
Thanks for indulging — Always interested in hearing about revolutionaries like you and many in this ecosystem :)
Can you tell us about why you thought Kylin Network needed to be built and what problem it solves?
How did Kylin Network start?
Dylan Dewdney | Kylin Network — CEO
I felt that the Oracle Problem needed to be solved, that is, how do we connect real world events and info to the chain?
I didn’t think it could be solved adequately until Polkadot came along. I think the idea was that ERC-20 / ethereum was the route to a lot of this, but the technical team there really sat a lot tbh. I know this because I know people close to the highest levels of that team and some people were literally just chilling for a while.
Bilo 2000
Nice! — thanks
Dylan Dewdney | Kylin Network — CEO
I might be speaking out of turn, but we needed a framework and we needed a technical innovation in order to unlock the potentiality of an economical oracle solution
That was contained in Polkadot — there are still some major challenges ahead, but the basic way forward of a shared relay chain is the correct way IMO
Bilo 2000
How would you describe Kylin Network if you were talking to someone unfamiliar with digital assets?
Dylan Dewdney | Kylin Network — CEO
If they were completely unfamiliar with digital assets, I’d say, well, you know google and Facebook are ad companies, right? And these companies form an overall global economy based on the buying and selling of data. Well, what if this buying and selling of data was not centralized? What if companies could monetize any sort of data they wanted, or hook into premium data feeds and squeeze value where they couldn’t before?
Bilo 2000
Very interesting
Dylan Dewdney | Kylin Network — CEO
That’s what Kylin represents in the long-term vision.
The low-hanging fruit and the easier part quite frankly is enabling the DeFi world in crypto, which depends on reliable price feeding. If I’m selling apples, I need to know how much people will pay
We help people have a reliable picture of the price of apples
Bilo 2000
Thanks — great explanation!
Dylan Dewdney | Kylin Network — CEO
my pleasure!
Bilo 2000
Some more technical questions here:
Dylan Dewdney | Kylin Network — CEO
please
Bilo 2000
If you run a validator or nominator on either Polkadot or Kusama, does that increase your chances to be able to run a Kylin validator in the earliest stages of Kylin Network?
Dylan Dewdney | Kylin Network — CEO
Well, yes, in a circumspect, way, though
We have a vetting process to become part of the first round of validators and one of the indicators would likely be that
Bilo 2000
Since you are building as a project in the DOT ecosystem: what are your plans for the rococo testnet, and eventually for the DOT parachain auctions in 2021? What is your goal and how do you intend to achieve it?
Dylan Dewdney | Kylin Network — CEO
As soon as the POC testnet is done, we will press forward.
With respect to the parachain auctions, we are gathering resources for a massive shot at this IMO.
The goal is to get to parachain, of course, but the biggest goal is use and use cases and people getting value out of what we are up to.
Bilo 2000
As a decentralized data network, and mainnet en route for q1 2021 are there already established use-cases, i.e. concrete partnerships in the sectors that you list as possible applications on your main site, that you could reveal or describe?
Dylan Dewdney | Kylin Network — CEO
Just to be clear, mainnet is probably late q2 (if not q3)
Established use case is clear: traditional oracle services for which we have already announced many partnerships (and more to come!): tidal, reef, deficliq, etc. etc.
Bilo 2000
Ok — good to know — thanks for correcting that
Dylan Dewdney | Kylin Network — CEO
These projects are willing to partner based on this use case alone as we are able to provide oracle services extremely economically (i.e. we will likely power our own basic price feed)
With respect to use cases outside of price feeding for defi — there are some concrete things we’ve been discussing with partners: i.e. helping them monetize idle data and data sets behind a KYL-enabled paywall. A lot of the info at the command of these projects is extremely valuable.
Bilo 2000
Thanks — I will get to some of the oracle type question further on in the conversation
Dylan Dewdney | Kylin Network — CEO
In addition, there are cool innovation paths that — to some extent — have value to society that can’t really be measured in crypto or dollars like validating election outcomes, or unfettering the concentration of wealth to the centralization of the internet
Bilo 2000
That’s great and actually leads down a path where I personally am seeing more and more adoption of social benefits rather than only financial ones. Good on you and your team!
love your gifs btw :)
Dylan Dewdney | Kylin Network — CEO
One thing that I’m particularly keen on helping to kick-start is the monetization of genomic data
Bilo 2000
That requires a high level of privacy — how do you address that?
Dylan Dewdney | Kylin Network — CEO
People can literally start potentially whole companies on the basis of an ideation within Kylin
Dylan Dewdney | Kylin Network — CEO
One of the bottlenecks is that indeed.
Bilo 2000
Fair enough — very glad to see that it’s an acknowledged challenge which only means it’s something you view as essential
Bilo 2000
When it comes to Application Scenarios, Kylin mentions “automatic payment of insurance such as flight delay insurance” and “off-chain real-time price data” as well as “casinos and games.” Are you engaged with non BC real world companies in relation to these scenarios and if so can you tell us more, even some names if possible please?
Dylan Dewdney | Kylin Network — CEO
Kylin allows a framework whereby data can be bought and sold in a decentralized way. This element has been missing previously, so projects like these:
https://www.labiotech.eu/genomics/blockchain-control-genomic-data/
have had sort of a basic issue in the past that they’ve needed some framework to address this, but they just haven’t until now
Dylan Dewdney | Kylin Network — CEO
So these companies have a way to actualize your genomic data, but not really an effective way to address market creation in a decentralized manner
Bilo 2000
What is the Kylin token used for? Can you describe the Tokenomics?
Dylan Dewdney | Kylin Network — CEO
This is actually a slow process getting enterprise-level (non-BC) companies involved. You typically need to get engaged with their innovation departments and/ or BC inno deps. If they have them. We are starting those convos now
But yes, it looks very promising that an insurance company would like to get in front of something that could easily erode an aspect of their business (flight insurance). In this example, Kylin would be driving the results to know when payouts would, occur in a highly efficient flight insurance application of some kind.
Bilo 2000
Thanks for your detailed answers
Dylan Dewdney | Kylin Network — CEO
Kylin token is:
1) staking and arbitration of nodes, 2) access — for example behind a paywall 3) governance
Bilo 2000
Thanks — what percentage of the total supply is already sold and what are the plans for the public trading coming up?
Dylan Dewdney | Kylin Network — CEO
Approx. 17% of tokens are spoken for either through investment or advisory
Bilo 2000
Thanks — Do you know when the token will be made available for buying/trading and where?
Dylan Dewdney | Kylin Network — CEO
Re: public trading, in all likelihood we will list on a tier 1 or 1.5 exchange with a concurrent liquidity event (I personally like Polkastarter a lot).
The timing for this is still Jan/Feb.
Bilo 2000
That’s fantastic! Looking forward to this
What is the most powerful narrative which drive tokenomics in the current zeitgeist of DeFi and desire for yields?
Dylan Dewdney | Kylin Network — CEO
Greed
Bilo 2000
hahahahahahaha
moving on ;)
Dylan Dewdney | Kylin Network — CEO
True though, no?
haha
Bilo 2000
Very true!!! lol
Dylan Dewdney | Kylin Network — CEO
I think despite that, though (and less cynically), is the narrative that sees DeFi to finance as basically what email was to postal services
Bilo 2000
Is Kylin Network disruptive and if so how so? & Would you consider Kylin a competitor to Chainlink or other oracles?
Dylan Dewdney | Kylin Network — CEO
I see us as more constructive than disruptive in the sense that we are not really trying to say, ‘hey we are disrupting this or that established industry” — it’s more like we are building something entirely new.
We are laying out an entirely new path toward a globalized, decentralized data economy that people will imagine on. Kylin is a sandbox, ultimately.
Not directly, no, though we certainly include these services and it’s very likely that if we achieve everything we want to we would be a natural choice for anyone wanting them
Bilo 2000
Does what your building compete with other oracles though or does your oracle do something different that they don’t?
Dylan Dewdney | Kylin Network — CEO
We compete directly in the sense we accomplish same function. I think the way we do it is more robust and ultimately more sustainable in the long-term bc of where we are building — Polkadot. Oracle services are going to be pretty cheap very soon I think. The more important play IMO is actualizing the overall data economy
Though most people focus on the oracle + defi dynamic
Bilo 2000
Thanks — That’s perfect. Its more interesting to investors I think to see new projects competing with the older ones — This drives re-innovation as well
Dylan Dewdney | Kylin Network — CEO
Agreed
Bilo 2000
Speaking of which, there are several Oracles both on DOT and other platforms. Some of these are giants like Link, Band etc. All these projects will compete against each other for the available market share. Is there a way to collaborate with the competitors rather than compete for the market share pie?
Dylan Dewdney | Kylin Network — CEO
I don’t think we need to tbh — and I see obsolescence for any project focusing only on oracle
Bilo 2000
Clear — Thanks
Dylan Dewdney | Kylin Network — CEO
The thing is that, logically, why would you not, all things being equal, use a handful of oracles?
Bilo 2000
Could you please provide us with some challenges Kylin has faced but overcome?
Dylan Dewdney | Kylin Network — CEO
Definitely the beginning. Just establishing that we were a real, legitimate project could be tough. You can take it personally at times. Then the web 3 grant. Pitching our first advisory members. Getting our first funders. The daily challenges both personal and professional that always intervene.
Bilo 2000
I’m sure this was not easy
Dylan Dewdney | Kylin Network — CEO
We were extremely strategic, that said, about our timing and the market conditions and focus on oracle + Polkadot definitely have helped
Bilo 2000
This might be tied to the question above, but as we all understand oracles face this problem of high costs and difficulty in feeding off-chain data. Could you please expand on how Kylin is looking to break through this problem?
Dylan Dewdney | Kylin Network — CEO
and in this space, it’s a nail-biting procedure not rushing investment (to get the right investors), but knowing how volatile everything is too, and some broader macro thing could happen making that super hard
The issue is technical — it’s a sequential chain on ethereum: everyone is in line to get their lunch at the cafeteria, which tries to serve a variety of ok food at once to the broadest possible audience (and as anyone who has tried the meatloaf will know, it’s ok, but nothing amazing). The parallel-ness of Polkadot is more like a bunch of food trucks that share a power source and serve each person in a specific way to their needs: taco truck, burgers, Chinese, etc. etc.
Most prosaic and accessible way I can put it
Bilo 2000
That’s perfect — Concise and well explained as usual 😁
Dylan Dewdney | Kylin Network — CEO
To extend that analogy further so it really makes sense:
Say the cafeteria has a pizza day, well, lines will be long
Pizza day is interest congestion
Bilo 2000
hahaha — You’re making me hungry now 😋
Dylan Dewdney | Kylin Network — CEO
Haha anyway, clearly haven’t eaten yet
But yeah, there’s a problem of throughput in providing oracle services via eth
But, yeah, in Polkadot, another food truck (serving pizza) just rolls up and parks
Bilo 2000
Who are you primarily targeting as a consumer of the products and services that Kylin will offer? Government, Business, or retail markets?
Dylan Dewdney | Kylin Network — CEO
All tbh — there’s no ultimate primary target, per se. in the beginning, we will be working through Kylin Labs primarily to drive use cases within crypto-oriented businesses, but concurrently, we will drive conversations with paths to traditional business, banking, etc. everybody needs useful, validated data, and/or can sell it
The same way that defi operationalized idle crypto assets, Kylin will operationalize idle data
Bilo 2000
Ok thanks — its good in that you have a wide horizon of possibilities
How are you with time? How much time do you have left for us?
Dylan Dewdney | Kylin Network — CEO
8 minutes
Bilo 2000
ok — will rush through😰
Out of your ecosystem fit partners you have listed on your website and in your white paper(the same 6 in both places, with the addition of Phala on the website), you have publicly announced partnerships with a few of them. Have you been in contact with all of them about future collaborative efforts?
Can you tell us why the newly announced partnership with Plasma play is important and can you let us know if there plans for more such partnerships in the future?
Dylan Dewdney | Kylin Network — CEO
…Unfortunately — this AMA has been awesome so far
Bilo 2000
No worries mate — If you can’t answer a question now; you can answer it later if you are rushed.
Dylan Dewdney | Kylin Network — CEO
Those examples were more how we saw ourselves evolving — i.e. potential ecosystem. In any case, we are on the mark, and I do expect them all to probably become integrated as time goes on.
Bilo 2000
Thanks Dylan — Do you wish to let us know anything else that was not covered in the questions above?
Dylan Dewdney | Kylin Network — CEO
and yes, we are close to every crypto project listed there
Plasma Pay is important bc we see us co-evolving really well together
no, I think we are pretty good!
Bilo 2000
Thank you for your time in answering our questions here today. We are all very appreciative of your time and of the answers you have provided.
Kindly choose the question you found the most interesting so that we can provide the person that asked that question with the prize.
Dylan Dewdney | Kylin Network — CEO
It’s been a total pleasure
Bilo 2000
With this, we will open up the chat for those who wish to personally thank you for your time with us here today.
Dylan Dewdney | Kylin Network — CEO
This one was excellent!
Thanks so much to your community for having me today. Really truly appreciate you guys giving me the time to talk about Kylin and asking such great questions.
Please check us out at:
TG: https://t.me/KylinOfficial
Polkadot based project news and AMAs: https://t.me/PolkAMAOfficial
Medium: https://kylinnetwork.medium.com/
Twitter: https://twitter.com/Kylin_Network
Website: https://kylin.network/
Crypto Society TG Group: https://t.me/cryptosocietyy