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Chinmay ๐Ÿ•น๏ธ๐Ÿฟ pfp
Chinmay ๐Ÿ•น๏ธ๐Ÿฟ
@chinmay.eth
Some technical lessons we learned while building @basketdotfarm Thread Below ๐Ÿ‘‡
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Apurv pfp
Apurv
@apurvkaushal
insightful reflections - any market reflections? as to the criticality of the problem you're solving? remember discussing on the concept of index funds such as these not existing before & the why now still not being clear...
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Chinmay ๐Ÿ•น๏ธ๐Ÿฟ pfp
Chinmay ๐Ÿ•น๏ธ๐Ÿฟ
@chinmay.eth
They have existed for a long time. The first one was crypto20 back in 2019.
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Apurv pfp
Apurv
@apurvkaushal
i mean more from a traction pov. know of a couple of asian companies which launched this but did not really get adaption
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Chinmay ๐Ÿ•น๏ธ๐Ÿฟ pfp
Chinmay ๐Ÿ•น๏ธ๐Ÿฟ
@chinmay.eth
Yes, my belief is that none of them were able to market their products due to lack of regulation uncertainty. Also, all of them had a limited amount of options for their consumers. So, we are taking a grass root approach where anyone can create a basket and do their own marketing. Of course, we are sharing the fees, but it helps us move the tech forward. Plus, the gas fees and explosion in assets (with new asset classes) opens up many more opportunities. Open to criticism or feedback.
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