The highest value to Look for in Web 3: stakeholder Obsession.

If it‘s true, you can passively hold, contribute time, Support in multiple ways.

If a Team doesn‘t take care of stakeholders at 1 single point, run away. One thing is for certain: It will happen again.

Web 2 has shareholders & Teams should have user obsession to accrue value to users & shareholders. Simple.

Web 3 is a More complex Design, a Multi-agent System with more stakeholders. Not caring about one stakeholder Group means you don’t care about users, Clients, Partners, or simply people‘s life savings or their time. No respect for any of these is a no-go.

I assume there’s People holding 10$, 100$, 1000$, 10000$ of your $2m shitcoin & it may be a significant amount for them.

I believe crypto founders (of a serious Token project) have an obligation to protect Token holders AND other stakeholders until the end - even if $2m isn‘t much for you - by

A) openly communicating
B) no sudden changes that risk losses and
C) clear plans that reduce uncertainty.

In this case
- a 10% or 50% drop from $2m can be absolutely devastating - even if the shitcoin lost 95% before
- simply announcing that the snapshot for a new token has been taken would have been enough to protect all current holders (> depends on dilution with the new coin)
- better communication about the future of moxie (no recent promo of new moxie Features) could have prepared people & saved them money

Ofc You‘re free to pivot, to change your cap table, to change your project & Token - but for me it‘s clear to not invest in founders that don‘t take care about large or small stakeholders.

I too was surprised that a snapshot wasn’t taken prior to the announcement!