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Will Warren
@wwarren
Sharing this internal "History of 0x" presentation in case it might be helpful for other web3 builders. It covers: - Our almost 8 year voyage through the DEX idea maze, building on top of Ethereum. - Our mission and motivations, failures and learnings. - Historical context on crypto and the various Ethereum hype cycles. - What’s allowed us to get where we are today: the dedication of our team, our mission and values, and persistence. Happy to answer questions in this thread (if there are any). https://docs.google.com/presentation/d/1-09UIf-C7EbEEEEShRwZtepgV2o0VvephA5GZ_2JsoY/edit?usp=sharing
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Thibauld
@thibauld
In retrospect, did launching a token ended up being more a hurdle or a blessing? I guess that the mere fact that it gave the team enough runway to iterate over the years means it definitely was net positive but I am curious to know what's your take on it.
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Will Warren
@wwarren
As with everything, there are pros and cons. One of the major benefits is that it allowed us to spread awareness of our mission and vision, which resonated with many people. Cons - Can't control who owns it or their expectations. There's a good reason why entrepreneurs are careful about who they let on their cap table. - Market value is 100% decoupled from value creation and doesn't reflect material progress over time. - Difficult to stick to a consistent team comp policy when the market swings wildly for no apparent reason. - Token holder motivations and time horizons aren't conducive to R&D or innovation.
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