I have seen at least 3 friend tech clone this week, including an exact replica (post dot tech)

If web2 apps’ moat is data, what is the web3’s?

Founder far.quest & @wieldlabs.eth. Investing miy.com ventures. FID #274. Previously Square/Cash App. https://hiimnico.xyz/

10% exit fees and switching cost is super high

but there's no switching cost to try a new service? I *think* they tried imposing a no-exit policy via some sort of banning/punishment for token allocation but the tweet has since then been deleted