Analysis of Phaver's Failure

Phaver’s failure stems from a lack of understanding of Web3’s core values, focusing instead on financial gain. Its services were not essential to the Web3 ecosystem, and poor customer support turned users into critics. As the CEO oversees all decisions, this failure reflects leadership shortcomings.

Users seeking free services are not the problem; the challenge lies in creating a revenue model that leverages them. Phaver failed to do so and instead alienated its users, leading to reduced activity and a decline in $SOCIAL token value.

A critical issue was Phaver’s inability to differentiate itself from existing platforms. Elon Musk’s X (formerly Twitter) is already an irreplaceable social media platform. Competing in this space without unique features or a compelling value proposition was a strategic misstep.

Ultimately, poor business strategy and weak customer management led to this outcome. The lack of training for support staff, failure to foster trust, and absenc…

💯💯💯 
Agree with you.
They're Amatures . Claiming it's web3 Lol