WKC FOUNDER SPEECH ON STABLE NAIRA(SNR) & THE FUTURE OF WKC. Prophetic Coins, Wealth Transfer. #wkc

Ajouté : 2026-05-20

[00:00:00]There's a lot of sacrifices on this token that you have no idea about. You know, all of that stuff. I'm See, let me tell you see, you guys don't know what's happening in the in the banks banks are coming into stable coins.

[00:00:11]Banks are coming to stable I don't want to mention some of the people that I've been in rooms with.

[00:00:15]Big CEOs.

[00:00:16]People that have built like massive apps for savings, you know, I don't want to mention names. If some some group of players in the industry I'll not mention their names. They are working on tokenizing Nigerian stocks.

[00:00:26]That will only happen with with SNR or CNGN.

[00:00:30]Let me just Let me be open with you guys. I've had visions where I saw CBN coming to us and we are discussing on the table and having meetings, right?

[00:00:38]If It I don't I don't If you don't have stuff like SNR, if you don't build capacity on things like SNR, this kind of things will not happen. You will not be able to bring that spiritual spiritual reality into the physical reality.

[00:00:53]>> [music] >> A lot of the internal processes that we do at SMC DAO is not is not always available to the world and it's for a reason, so that people don't exploit this process.

[00:01:04]So, um currently we have about um if I at my last count you have about 38 tokens that uh on waitlist one, waitlist two, and waitlist three.

[00:01:15]Now, I I've always said this that there's no token that is around SMC DAO that I'm not aware about. Every token, every single token I know.

[00:01:23]Now, we've called There's no developer that we've not reached out to. Um if if we've not reached out to you, check your email. We've probably reached out to you. Either sent you a message or reached out to you or I personally reached out to you. But if you check, I follow every single token. That's because I want to know I want to let you know that I'm aware that you've launched a token. That's one. Number two, there's a strong criteria that we use for SMC. And these are the criterias.

[00:01:45]Number one, we have every developer fill a form. In that form it has KYC. So, we are we we are able to know, okay, this is your phone number, this is your name, this is your email, this is all the things we need to know about you. That's one. Number two, we set up an interview uh like a Google Meet interview where we actually record the conversation that's going on. And in that conversation, we ask you different questions like, why did you choose to launch this coin? What was the reason behind launching this coin? You know, and once you get all that details, it's kept and recorded, right?

[00:02:16]Four, I'm sorry, three is that we get 2% of the token and we put it in a waitlist wallet. Now, the best the best way to actually test that you know what you're doing is to try it against time. Okay, Joe has always said that. So, we put those tokens there and give it time.

[00:02:34]Right? Currently now, we are concluding the first season of first season of waitlist one. We already have 12 tokens that are supposed to be on that waitlist one. But beyond that, um what I'm saying to you is that um we will not SMC will not just come out and say, "Okay, we are launching 12 tokens without doing all our due diligence." because we understand that the moment one person invites ESS to this ecosystem, a lot of the a lot of the a lot of the process will be questioned, right? So, I don't need to do all these things. I could choose to do anyhow, you understand? But I choose to do the I I choose to take responsibility for the ecosystem and I do it very well, honestly. If you ask the researchers, they'll tell you. We have every single form of every single We have every single information of every single developer. Now, we might not be able to track every single token, but we know that, "Okay, this developer over time this developer in the waitlist wallet has launched um version one, version two, version three. He has also launched three other tokens."

[00:03:29]We take the person out of the waitlist.

[00:03:31]Do you understand? So, a lot of times um we can tell a You can You can only tell that the developer is serious if you give him time.

[00:03:40]And this was the lessons I've learned from um the first um the first season, you understand? And now, if you notice the another thing I want to tell you about that I don't think anybody should really discount any developer. I feel like every developer has its season and every token has its time. And I saw that recently Giant Token has released their wallets.

[00:03:58]Amazing, right? Um if you take if you take at the time from when Giant Token launched to their first utility that they created, which is the Giant Wallet, you can see that it took a bit of time, right? It could be that they they did not generate enough fees that was enough to actually Developers are very expensive. Like they are very expensive.

[00:04:17]For example, now one of my one of my top developers, I'm paying the person 7.5 million a day a month. Like and we've been doing this consistently for like since 2023, right?

[00:04:30]And then over time it will also increase as well. Any developer that enter into the SMC ecosystem, the salary almost starts from 700K to 1 million now. Like any developer. And even worse, blockchain developers, they are not cheap, right? And so what I'm trying to say is that you can see that what just released their their their their their war guard um this thing. I saw it. I liked the tweet, right?

[00:04:54]People even DTG is working on I think I saw the UI for their for their token.

[00:04:59]And a couple of all these other projects are also working on their on their use case and utility. And that's what I want to an ecosystem That's what I want from the ecosystem. I want an ecosystem where somebody enters and see that wow, okay, there's this there's this. Look at PST with Fire Scryer. That That In fact, I recently I was telling my I was I was talking to one of my developers. I was telling the person that these guys are really trying. I wish I could give them some of SMC's capacity.

[00:05:25]We could just get them to do like a quick UI for Fire Scryer. Get them to do an app. Probably donate like $5,000 to get them to finish that whole thing.

[00:05:32]This is something I'm thinking about doing for Fire Scryer. And I'm And I think I even I even made I even called him one time. I told him, "Okay, I have a proposal for you, right? This is what I'm thinking I'm of doing, right?" So what I'm trying to Even when they listed Stable Naira, I I sent I sent the amount I will I will probably have paid for let's say CoinGecko. I sent it to him. I said, "Thank you for listening, SNR."

[00:05:51]And one of the first one and I sent him money. He wasn't expecting I would send him money, but I sent him money. That's how I support the ecosystem. That's how I support people. So, I'm not opposed to I'm not opposed to I'm not opposed to what's it called? To more tokens in the ecosystem. I'm just opposed to bad actors. Like, you cannot consistently launch coins and you are taking all of these fees from, you know, your your token has 5%, 7%, 8% and when we look through your timeline, you're not doing anything. Even anything we see that you launch another coin again.

[00:06:20]What's happening? Like, show us what you are doing. Like, show us what you're using all this money to do.

[00:06:24]You know, I've I've I've had I've had cases where people like developers launch a token, they get all this money, they go and get married.

[00:06:33]When they are tired When they are tired When their money has finished, they come back again and and launch another one again, you know, and they build house and they bought land. Like, you cannot continue to extract money from the ecosystem and not do anything. And that's where my anger always comes from.

[00:06:44]Like, you're making it hard for the genuine builders that are actually building this stuff in in the ecosystem.

[00:06:48]So, that's my pain point. If you ask Okay, ask someone like um If you ask someone like uh If you ask someone like Prophet Emmanuel, right? With Giant Token. Um I look at his I look at Sometimes Sometimes I can tell how much a developer is making just by looking at the volume of the of the token. I say, "Okay, okay, the volume is about $30,000. Let's say in a bull run. Let's say and a normal SMC ecosystem bull run where all the tokens are pumping up, right?" I study all the developers.

[00:07:12]Okay, um your your volume is about $50,000 um today. You probably made about 5% of that is probably yours. What exactly do you want to use that money to do? Like, I'm studying And when I wait 2 3 months, 5 months, I'm not hearing anything, no announcement, no nothing, then it con- it concerns me because I know how much I put in into the I don't have a house.

[00:07:31]Like, I don't have a house up up till now. Like, I'm I'm living in a rented apartment. If you see my car, you'll be you'll be you'll be you'll be you'll be laughing. I drive a Bingo. And And reason why I drive a Bingo is cuz Lagos is stressing me with when it comes to boats and all that stuff. So, I had to buy a Bingo, that electric car that looks like a taxi cab. In fact, I can pass somewhere now and everybody just comes at me and say, "Sorry, did I order you?" Like that's that's I mean, this is this is a market you're talking about here. Like but I'm doing this because I know that the future I'm seeing for SMC, right? I have to manage this money. I have to be able to pay developers. I'm thinking long term. You understand? And and and you know how Wishy Cash can be very volatile. Today, it can sit at 40 million market cap. Today, it can sit at 70 million market cap. Sometimes it can come back again to 30. You understand?

[00:08:10]And you have to continue to build.

[00:08:11]Developers don't care. They they are they they salaries don't go up and down.

[00:08:15]The salary stays consistent. Even if he is asking you for promotion because his wife just got married or he just got he just had he just had a child and he needs more money. So, and if you don't pay them, you are competing with global global global companies. If you don't pay them, they'll go and meet up with someone else. That's the truth.

[00:08:30]So, that's that's that's the whole issue I have with um when it comes to developers. Number one, we are vetting all of them. We are making them go through even the old ones that we actually uh listed, we're actually making them go through like an interview to actually see whether they are still really really interested in building because some of them have given up. Like I'm telling the truth. Some of them have given up. Even the ones that told me that God said they've given up.

[00:08:52]You know, so that's us that's us the case. I don't actually trust me, yeah.

[00:08:55]When it comes to the ecosystem, I there are many developers that God actually wants to use. I'm not even kidding you like there are many developers that I can see the ordination of wealth transfer on them. If somebody takes a a someone goes go and report us and they say and most times when when people want to report you, they will not tell you that oh, it's One Token. They'll say, "I was SMC ecosystem." They'll try to pack up as many people as long as ECC comes and they start to investigate. They don't care whether it was Wishy Cash or they just come and they are just in the investigation. And you know how this thing can be now. You know how this thing and it drags the entire ecosystem down. So, most times I'm always opposed to bad actors. And a lot of our developers for unfortunately are dogs.

[00:09:32]Imagine tomorrow now, if ECC picked um Prophet Muhammad, they picked let's say uh uh uh uh they picked Wishy Cash today.

[00:09:40]they pick that GG.

[00:09:42]We have already lost half of the tokens in our ecosystem. Do you know what that means? Like do you know the mood of the ecosystem what what that will do to the ecosystem? And don't forget a lot of these developers let me know let me be honest with you.

[00:09:53]They have never started paying tax. Like we never know how to define what this is this a token a business or is not a business? Are we we are not under the virtual asset framework? So many things that we are still trying to get right as an ecosystem which I am raising to us. Our legal team what we spend in a month on legal team is about 7 million naira on our legal team. One lawyer is spending like 2 million naira.

[00:10:13]All of these things just so that we can make sure that we get compliance across every token. I'm not just doing it for Wiki cat I'm doing it for every token under the ecosystem. Because at the end of the day I want the developer to I want the young developer to come to the ecosystem and know that okay mom there's compliance mom SMC is handling compliance for us. SMC is handling research for us. SMC is handling tutorials for us. All that I need to do is focus on development. That's what I want to turn SMC into. That's my plan. A full breed ecosystem. And that that will only happen if we are you know putting our skin in the game right now as you are doing. And we are making sure that every money that we are made for we are accounted we account for. Every 2% that comes from from Wiki cat salary 1% goes to burn. That 1% is what I'm using to do all these things that you people are seeing like this. So guys before we move to the remaining part of this conversation I would like to hear from you what you have learned from this discussion so far. Your views and your opinions about the subject matter.

[00:11:08]Kindly drop them under the comment section of this video and let us engage.

[00:11:12]And also let me know in the comment if you like to receive more of updates like this. I mean those conversations that will keep you informed and help you in your crypto journey. I'm still your host Shinola Adedele. Yes so that's it.

[00:11:25]There's a lot of sacrifices on this token that you have no idea about. 7 hours going to be like an ongoing development. Um, think for me right now I just want people to believe I want I want to get people to believe that, okay, what we are building is actually real. This is actually a block naira on the blockchain. Um, once we can get that belief out there because um, I want to I want to be able to get to a situation where people can actually use this money and transact between themselves without having to come to us. So, like a robust P2P market where people can actually transact naira for stable naira, one.

[00:11:54]And that will only happen when they trust that that stable naira that they're collecting they can actually off-ramp it back to SMC or any of our products.

[00:12:03]I also want to make sure that um, SM SNR is getting integrated in other platforms that are non-SMC. So, for example, from banks to payment processors to um, food apps like Chowdeck, you know, to you know, um, to PiggyVest.

[00:12:18]You know, all of that stuff. I'm I See, let me tell you See, you guys don't know what's happening in the in the Banks Banks are coming into stable coins.

[00:12:26]Banks are coming to stable I don't want to mention some of the people that I've been in rooms with.

[00:12:30]Big CEOs, people that have built like massive app for savings, you know, I don't want to mention names. Even um, what's it called? In the um, right now they're working on some some group of players in the industry. I'll not mention their names. They're working on tokenizing Nigerian stocks.

[00:12:44]That will only happen with with SNR or CNGN. So, it's the race is down between, okay, SNR and CNGN. Do you understand?

[00:12:53]So, if you don't if if you don't launch a stable coin as an ecosystem, they will sideline us in a lot of conversations.

[00:12:59]The see, we Okay, let me just let me be open with you guys. I've had visions where I saw CBN coming to us and we're discussing on the table and having meetings, right?

[00:13:08]If it I don't I don't If you don't have stuff like SNR, if you don't build capacity on things like SNR, these kind of things will not happen. We will not be able to bring that spiritual spiritual reality into the physical reality. So, it's things like SNR that actually, you know, help us. And that's why I understand all the contention that's happening across the across the SNR, you know, but I know that after this contention, you you understand? In fact, I don't even think that this is the real warfare. The real The real warfare will be you This is still coming. And I know it's still going to come. So, I want you guys to know that when the real warfare comes, right? And we And we And we scale through that warfare, SNR will be everywhere. But for now, what we are doing is to make sure that, okay, is SNR listed on this platform? Is it listed on We are trying to build legitimacy, you know, we are trying to make sure that our logo is on every platform, our details are on every platform. Anybody that wants to access SNR from anywhere in the world can actually see, okay, I can go on this platform and see it and buy it. Exchange listings will come. Um wallet integrations will come, you know, um the real economy is going to come as well, too. POS merchants and all that stuff will also come as well, too. But for now, for now, it's just it's just gaining legitimacy. Let's have Let's have ourselves from home actually use it. So, one of the things I want to do is I want to make sure that And this is going to come from next month. I want to make sure that everybody that works for SMC gets paid in SNR.

[00:14:21]You can collect your SNR. If you're earning, say, if you're earning, um let's say $8,000 before, and you used to collect it in USDT because you used to pay in USDT, you can now use You can now take that uh USDT uh You can now take this SNR, which will be about 1.5 1.4 million 1.5 million, take that SNR and take it to Penny Remit and off-ramp it there. If you don't trust it, or you can keep it on your You can keep it on your Penny Remit app and spend like normal naira. So, that's my plan with SNR. My plan with SNR is to make sure that SNR becomes like a normal currency that anybody can spend.

[00:14:53]First of all First of all, what differentiates SNR from C Engine is that, number one, um as an ecosystem and as the as the biggest on-chain ecosystem with 161,000 holders on just one token alone, which is WeCard, and um 25,000 on DTG and every other people, it's important that we actually have our own stablecoin. As an ecosystem, first of all, let's just start with that.

[00:15:16]Number one, number two, all of these wealth that I'm going to make from the wealth transfer, right?

[00:15:22]We've had issues of We've had stories about oh, how um USDC can depeg and USDT can depeg. If tomorrow now, if USDC and USDT depeg, and you have made money from your world transfer, what will happen to it? Like, what happens then?

[00:15:36]That's one. Number two. Number three.

[00:15:39]If you make, say, $500,000 in USDT, right? And you want to say buy a land in in let's say in in Makurdi or buy a business in Kano, you cannot You cannot go and carry the USDT and go and send to them. You have to first convert that money to Naira. Do you know what it took me to convert um um I have over I think over currently I have over $350,000 in in stablecoins in USDT.

[00:16:09]Do you know that the bank that I want to buy is is $550,000 um 550 million Naira.

[00:16:16]This bank My issue I'm having now is that, okay, who will I go and meet with this $350,000 worth of USDT that will give me 550,000 um 550 million Naira so that I can pay the directors of this bank, all 10 directors of this bank?

[00:16:33]Think about it, too.

[00:16:34]I have the money, but I don't I still I still [laughter] feel like I don't have the money because I have to convert this USDT to Naira. I go and look at the P2P market. The max transaction I can do there is $100,000 $100,000 $100,000. But I have $350,000. So, that means I have to go to the P2P market and empty it about three times. I still come back here and empty it one and a half times just before I see 500 million Naira to actually buy this bank.

[00:16:59]And that's only me adding the brokerage fee I have to pay. Another 10% I have to pay, which is 55 million.

[00:17:04]So, what am I trying to say, Mrs. is that if you don't have a stablecoin that you can say, "Okay, I want a billion." And that's why I'm still saying it today.

[00:17:12]>> [clears throat] >> SMC and the entire local ecosystem in Nigeria, that's talking about the exchanges will never be great because Dangote comes and say, "Okay, um I want to buy 20 billion naira worth of um uh um I want to buy 20 billion naira worth of Bitcoin."

[00:17:28]Rukky cannot process it for him.

[00:17:30]Quidax cannot process it for him.

[00:17:33]You understand? So, and why am I saying so is cuz it now makes it look as if we're not even serious. All the money we're talking about is not it doesn't exist. So, what I want to build SML to be is a massive um liquidity layer that even if it's Dangote, that's the being him being the richest man or someone that just has um 50 naira, he can come into the blockchain ecosystem and see the experience in the same way.

[00:17:57]So, that's what I'm trying to do.

[00:17:58]Bringing you insights to the opinions of people about the state of crypto, then you can count on us on this channel. On this channel, we help you to understand the bullishness and the bearishness of the community about the coins you are holding or the coins you are about to buy. Kindly hit the like button and subscribe if you are yet to do so, so you get notified once we post our next video. I'm your host, Shina Ladega.

[00:18:26]Thanks for watching and let us meet in my next video.

[00:18:30]>> [music] [music]