Chrysalis
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CHRYSALIS AMA October 27, 2024
October 27, 2024 | Issue #3
A Deep Dive into the Future of Resource Democratization
EXECUTIVE SUMMARY
  • The third Chrysalis AMA session brought together key leadership including Christopher (CTO), Alexander (CISO), and Nishant (CMO)
  • Discussion focused on pivotal updates about the platform's development, strategic vision, and upcoming launches
  • The session revealed significant progress in contract development, platform rollout plans, and a broader vision for democratizing resource access globally
KEY ANNOUNCEMENTS
Platform and Website
• Platform Launch: MVP (Minimum Viable Product) scheduled for early November 2024
• Website Launch: New public website (chrysalis.ae) went live
Project Structure
• Project Structure: Seven core projects confirmed for the Chrysalis platform
• NFT Migration Path: Legacy holders from Blocks, Rev, Bev, and Drip can swap into any of the seven continuing projects
Micro License Protection
• Micro License Protection: All micro licenses from discontinued projects can be transferred to continuing projects
Token Value Strategy
Building upon the foundational tokenomics and structural mechanisms already in place, additional growth drivers have been confirmed:
  • Liquidity pool management
  • New community member acquisition
  • Institutional investment integration
  • Co-support structure between institutional and retail buyers
Note: A detailed announcement is forthcoming that will outline how this business structure is already attracting new projects and partnerships beyond what the community is currently aware of.
Earth Exchange Updates
Rewards and Competition
  • All rewards being backdated to October 1st
  • Competition winners will receive backdated rewards
Community Engagement
  • New forum space being established for project-specific discussions
  • Focus on project-by-project detailed analysis starting next week
  • Research tools and resources to be provided to community
Governance Structure
Future implementation of community budgets and decision-making tools planned
Project Focus
BGLD highlighted as initial focus project for community engagement and tool development
Community Empowerment Quote
"We're looking to empower the community with digital tools... eventually there will be budget for things that the community can decide on." - Christopher, CTO
PRODUCT DEVELOPMENT UPDATE
  • Christopher (CTO) confirmed contract development is progressing as planned
  • Significant input from partners on contract design
  • Team implementing validation process to ensure community members' expectations are met on Chrysalis platform
  • CTO quote: "Everything is more or less online, as we said before. The contract will be rolled out and then we'll go through a kind of validation process and try and bring everybody right up to a position on Chrysalis that they're happy with."
PROJECT MIGRATION DETAILS
Continuing Projects
Seven projects will move forward on the Chrysalis platform
Discontinued Projects
BLOX, REC, BEV, and DRIP
Migration Options
Holders of discontinued project NFTs can swap into any of the seven continuing projects
Micro Licenses
All micro licenses can be transferred or swapped to continuing projects
Alexander (CISO) provided clarity on the transition of existing projects:
VISION & STRATEGY
The AMA revealed Chrysalis's broader vision for democratizing resource access. The platform aims to create a mechanism where:
1. Countries retain value from their natural resources
2. Local communities benefit directly from resource development
3. Nations can invest in their infrastructure and growth
4. Value stays within source countries rather than being extracted offshore
Vision Quote
  • Quote: "There's no such thing as a poor country, it doesn't exist, all countries are either rich or very rich, depending on the resources they hold."
  • Source: Christopher, CTO, quoting Nayib Bukele (President of El Salvador)
ECONOMIC MODEL DEEP DIVE
The CTO provided extensive insights into Chrysalis's innovative economic approach, fundamentally different from traditional resource extraction models:
Traditional Model Problems:
  • Raw materials purchased at low costs by superpowers
  • Value extracted to offshore multinational shareholding
  • Limited local economic benefit
  • High percentage (often 50%+) goes to offshore shareholders
Chrysalis Solution:
  • Keeps majority of value within source countries
  • Enables both community profit and national development
  • Creates sustainable economic growth model
  • Supports infrastructure development in source nations
"We're not extracting like 50% of the value into shareholder, offshore shareholder value stores... we can do both because we're not extracting like 50% of the value into shareholder, offshore shareholder value stores." - Christopher, CTO
SPOTLIGHT: GHANA INITIATIVE
A significant focus was placed on the BGLD project in Ghana, highlighting it as a model for Chrysalis's approach:
Key Achievements:
Secured Ghana's First Onshore Oil Project
• Secured one of Ghana's first onshore oil projects
Government Collaboration
• Working directly with Ghanaian government
Aligned with Presidential Vision
• Aligns with Ghana's presidential vision for resource independence
Local-First Philosophy
• Demonstrates practical implementation of local-first philosophy
Historical Context
Ghana's independent approach to resource management and historical commitment to economic sovereignty makes it an ideal partner for Chrysalis's model. The project represents a practical demonstration of how nations can maintain control of their natural resources while benefiting from international investment and expertise.
"The reason that we're able to be involved and to be a driving force in the development of these onshore oil is because we're pushing the narrative of making sure that your country, your citizens, your community benefit from this money." - Christopher, CTO
COMMUNITY EMPOWERMENT INITIATIVES
Team Announcements
The team announced several new initiatives to enhance community engagement and participation:
Upcoming Tools & Resources
  • Dedicated forum space for project discussions
  • Research resources for community members
  • Project-specific educational content
  • On-ground footage and documentary-style content
  • Potential Reuters subscription for market intelligence
Community Governance
Future implementation of community-managed budgets
Community members will have the opportunity to manage and allocate budgets for various initiatives and projects.
Participation in public consultations
The community will be invited to participate in public consultations, providing valuable input on important decisions.
Input on project development
Community members will have a voice in shaping the direction and development of projects within the ecosystem.
Voice in movement growth strategies
The community will play a crucial role in determining strategies for expanding and growing the movement.
Community Empowerment Quote
"We will look to empower with digital tools... there will be budget for things that the community can decide on." - Christopher, CTO
INTERNATIONAL PARTNERSHIPS & GROWTH
Current Partnerships
  • Promax United collaboration (Parent Company)
  • UAE-based partnerships
  • Multiple government relationships
  • Industry specialists across sectors
Future Development
  • Expanding into new resource sectors
  • Building institutional investment frameworks
  • Creating educational content about resource democratization
  • Developing media presence in resource governance discussions
The platform is expanding its influence through strategic partnerships:
TOKEN VALUE PROTECTION MECHANICS
The CTO outlined a comprehensive approach to ensuring robust token value growth:
Multilayered Protection Strategy:
  • Buy and burn mechanisms
  • Liquidity pool management
  • Strategic institutional investment integration
  • Retail-institutional buyer balance
  • Community growth initiatives
Long-Term Value Focus:
The platform emphasizes sustainable growth over short-term gains, with multiple value drivers:
  • Project success metrics
  • Community expansion
  • Institutional confidence
  • Real-world resource backing
  • Political and industry influence growth
"We're talking about many different aspects of Chrysalis as a company, of the tools we provide the community, the work that we do outside the community, right, all coming together to build long-term confidence." - Christopher, CTO
RESEARCH & CONTENT ROADMAP
A comprehensive content strategy was announced to keep the community informed and engaged:
Planned Initiatives:
Professional Research
Professional researchers to track industry developments
Documentary-Style Footage
Documentary-style project footage
Educational Content
Educational content about resource economics
Regular Updates
Regular project updates and deep dives
Community Content
Community-generated content support
Focus Areas:
Project Developments
Project-specific developments
Industry Trends
Industry trends and news
Policy Impacts
Government policy impacts
Success Stories
Community success stories
Market Analysis
Market analysis and insights
Content Quote
  • "We're going to be bringing content, like on the ground content, like actual footage from inside the project as much as we can." - Christopher, CTO
  • Emphasis on providing authentic, firsthand visual content from project sites
REGULATORY CLARITY
The team addressed community questions about regulatory considerations with transparency while maintaining compliance:
Key Points:
• Chrysalis platform designed with regulatory compliance in mind
• Focus on legitimate resource democratization
• Clear separation from previous projects
• Emphasis on real-world utility and value creation
Forward-Looking Approach:
• Working with governments directly
• Transparent partnership structures
• Focus on sustainable development
• Clear value proposition for all stakeholders
UPCOMING MILESTONES & NEXT STEPS
Immediate Actions (Next 2-4 Weeks):
  • Launch of new forum space
  • BGLD-focused community discussion
  • Tool development initiation
  • Research content rollout
Medium-Term Goals:
  • MVP platform launch in early November
  • Complete NFT migration process
  • Implementation of community governance tools
  • Expansion of research resources
Community Action Items:
  • Watch for DNS propagation of new website
  • Prepare for project-specific discussions
  • Consider migration preferences for legacy NFTs
  • Engage with upcoming forum discussions
  • "Next week should be... shifting focus onto BGLD as an example, right, so we can start to empower the community with tools that they need for evangelising the movement." - Christopher, CTO
CLOSING THOUGHTS
The third AMA session demonstrated Chrysalis's commitment to transparency, community engagement, and revolutionary resource democratization. The platform's unique approach to combining community benefit with national development presents a compelling alternative to traditional resource management models.
The focus on providing tools, education, and governance capabilities to the community, coupled with strong governmental and institutional partnerships, positions Chrysalis as a pioneer in the democratization of resource value.
GET INVOLVED
Community Engagement
  • Join the Discord community for daily updates
  • Follow Chrysalis on X for real-time announcements
Upcoming Opportunities
  • Prepare for the new forum launch
  • Watch for the project-specific AMA next week
Stay Informed
  • Visit chrysalis.ae for platform updates
Disclaimer
  • Disclaimer