EN | Blockchain with Zero Gas Fees Rethinking On Chain Economics | MERGE São Paulo

Okay, now we have the keynote blockchain with zero gas fee rethinking on chain economics. Please welcome to the stage Thomas Perez Quevedo co-founder at Makuta chain. So, how you doing everybody? My name is Thomas Perez. I want to say first thank you to merge for being putting this event together in Brazil.

And I think it's going to be very interesting conversation that I going to have with you guys. And feel more welcome to ask me any question when you get the concept that we talking about. So, we build a blockchain for a stable tokens. Now, even though any token can be breached to this chain is an EVM comparable. Um you guys have the option to Well, this is me, my partner, my CEO.

We have in the back. This is the people we got three legal representatives United States, Cayman Islands is a foundation on Cayman Islands the blockchain. Um And then why why we try to build another blockchain in the market when there's so many blockchains? And the reason is simple. It's because this is the blockchain that allows people to move crypto like they're moving fiat.

We don't require a gas token in order to move the crypto. One of the biggest barriers or problems that people has today in order to adapt into crypto market is that if I want to Let me give an example. I'm new in the business. I'm new in crypto. You tell me, Thomas, please can you download a wallet called MetaMask, send me ERC20 uh wallet to send a USDT.

If I do that, give it to you, you transfer me $100 in USDT in Ethereum network. But, if I want to use that Ethereum that USDT in Ethereum network and send it to somebody else, I cannot do it. And the reason is because I need to have something called gas fee. And then to purchase in MetaMask gas fees, the minimum purchase is 20 bucks. So, then maybe that's not going to make sense to me, move 100 bucks and the cost is going to be 20, even though the charge is $1 maybe.

It stopped me for be part of the crypto. Don't understand it. In our case is we give you the opportunity when you send USDT, we charge you a fixed 10 cents in USDT. If you send USDC, we charge you 10 cents in USDC. If you you want to send it Ethereum, we charge you 10 cents in Ethereum.

So, what that means is we don't have a gas fee, but we have a transaction fee, and we believe this is a barrier that through our blockchain we are taking out and allows people, every person, use crypto is a fiat currency. So, that's the problem. You know the cost. And now, here our cost is 10 cents, always will be 10 cents. So, for businesses, this is something that they like it because if I buy Ethereum, it's a gas fee.

Today, the Ethereum price can go up, tomorrow can go down. And that's crazy for banks. But, if you know a fixed price, you know what you working on. Always you have your numbers right. Now, the other part is um, well, send tokens in fee model, fixed fee.

We are EVM compatible blockchain. We do 4,500 transactions per second we can do bridge for any chain EVM to our chain or vice versa. If you see in the in the picture is if you see Ethereum Ethereum charge you 0.78 cents in Ethereum as a gas fee we charge you in the same token in our case if you send 10 bucks the other person receive $9.90 or you can send 10 bucks plus 10 cents so the other person can receive the $10.

And like I say your token pays your fees. That's the key with this blockchain. I am I don't know why nobody didn't think about this way but we are kind of the first blockchain in the market that does that. Now because of that we we are lucky that we partnered up with a company called Estable and Entropia. Those are portfolio company for Tether and they're launching the stable token of Argentina.

As we speak the stable token Argentina is already there called Arce and you can use it they can use our blockchain or they're using our blockchain to move the token. We partnered up with another companies like Balta that is in the decentralized wallet. If you download Balta you can choose Makachain and if you have crypto in Ethereum you can bridge it to Makachain and then you can start using without paying gas fees in the entire network Troquera. And then we build a product called Makapay. What is the reason we build?

Makapay is a decentralized payment solution that we going to talk about it. And then in order to be in all the changes in all the wallets that's our focus actually today to try to find partners that we can add our chain that they can add our chain in their wallets or exchanges. We partnered up with Fireblocks. In 2 weeks, 3 weeks we're going to be already with them. That gives us access to 2,400 exchanges or wallets that they we're going to be available.

And like MoonPay, Visa, Revolut, eToro. We partnered up with a company called Krypton. Krypton has more than 6,000 locations in Buenos Aires, Argentina that you can pay with their system. Kind of I don't say they're the competition of Mercado Pago because Mercado Pago doesn't have crypto. They're kind of the next step of Mercado Pago that you guys can sign up if you have a business, you can sign up with them, too.

Um Let me pass this. Let me kind of talk about MakaPay. One of the biggest problems to become a payment provider is regulation. So, we build a product called MakaPay that is a decentralized gateway of payment solution that has four different products. But, we give this is a software to our clients and it's totally decentralized.

We're fixing the problems that happens today. Frozen funds. We have an option inside MakaPay that if I send you the token, the wrong token, you the business by one click you can swap it to the right token. Or if I send you the token in the wrong chain, you as a business by one click you can bridge it to the right chain that you want it. And regulatory actions, we don't need to have a license because we are not in in any moment we are custodial of the crypto.

This This business directly between customer pays, business receive the money, every payment is in a smart contract. You can add any token that you want and any chain that you want in your business. So, we have Um we have direct wallet to wallet. That's That's our way to work. Business customer to business.

No frozen balance. Fully auditable. Um there's no risk. All of All those are smart contracts. Um every EVM chain.

And this is our product. Fixed payment. So, we have plugins. Fire WordPress. You can go to WordPress and our product is there that you can activate it.

It's a payment in your website. We We have a deposit address. This is more for casinos or gaming platforms. So, when they use our system, we create wallets for all their customers and they can do deposits right away directly, customer to business. POS system is very simple to use.

You If you have a physical business and you got three cashiers, you can create each cashier their own link that they can add in their phone on their tablet so they can start doing the payments. The payments are in any currency, in any chain, and in any token that you want. If you create today a token, and you want to charge your customers in that token, you can add it there. You just put in the contract address and show up right away. So, it's very simple to use.

And the plugins we fire Right now, the plugins only work WordPress, but um we're coming with Shopify in a couple weeks, too. So, how can you guys, if you're looking crypto is a way to make money, how can you participate? Well, the first part is become a customer and enjoy the products. The second part is in MacaPay, you can become a customer and start accepting crypto. Or you can become a sales agent for us.

And you can sell the product. Our charge is 0.25 basis points. But the business pays 1% and the rest the difference is for the agent for every single transaction. Simple.

And then our blockchain has 5,000 validator nodes that we're finding the right people to give the validator nodes and they verify transactions and earn the rewards. That's the way our system works. And we believe that we build a community of different people that they're running their notes for us. Uh we're going to be a strong, we're going to be promoter, and we can be everywhere. You know, the the stronger the network is kind of by more people has nodes in different parts of the world.

Um that's just what I want to say and I want to say thank you to everybody, but we believe that MacaChain will be a name in the market for a stable tokens. Right now we have a plan to launch Bolivia stable token. We have Argentina stable token and we have other stable token that are coming up, but our mission is go LatAm all in and build a stable tokens in every single country. That's our goal. So, thank you so much everybody.

Um that's it. Thank you so much. Uh I don't know if if any question, if not, I'm good. No questions, good. Thank you.