WebOfTrust

@weboftrust

1704 Following

44182 Followers

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There is nothing wrong in promoting your project, app or idea but forcing the user to download the app thus needing to import your existing seed phrase doesn't seem right.

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Namecoin - 2013 Bitshare - 2015 MaidSafeCoin - 2017 EOS -2019 All of them were at the top of CMC. In case you are actively investing, choose wisely for the next leg up

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"After DEGEN notified Conduit that they did not intend to continue as a client, Conduit confiscated the sequencer fees that should have been routed to DEGEN. " Imagine reading those lines from a service provider. This is a crime not to mention their reputation damage.

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Now that the election is over, when do you think Polymarket will launch their own L2? My guess is less than 6 months

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Tax reason, expectation to buy lower, lack of trust in the project, there could be many reasons why folks used to sell Airdrop. Now it's pure hate towards highly inflated VC Projects. https://x.com/Cbb0fe/status/1852778100448203212?t=BF5X8MbLUnPn4MDT7CITGw&s=19

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For better or worse, the future of L2s might be tokenless. From what I am reading Scroll and Swell were disappointed while Base continued to dominate the market without a token. I love Kraken, been using them for quite a while, their support is best in class and excited to see existing institutional-grade companies launching L2 of their own, on Suprtchain. https://x.com/krakenfx/status/1849089999607582941

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The downfall of Polygon needs to be studied closely. They had everything, exploding TVL, great hype with fast and cheap trx, first to lauch zkEVM and yet their dominance is down only.

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One surprising trend I’ve noticed with airdrops is the neglect to consider actual users with on-chain KYC-verified wallets and reward them for supporting the ecosystem. For example, Gnosis Pay has 3,137 verified wallets, Optimism has over 300K wallets verified by Coinbase/OP Citizen, and Binance has more than 800K on-chain verified wallets. Additionally, it's easy to filter wallets connected to a CEX on-chain. Moving forward, projects could also include subsets of users displaying human-like behavior, similar to how ZKSync incorporated Farcaster and Lens https://dune.com/pfedan/gnosispay-stats https://dune.com/robin_y/binance-soulbound-token if the goal is to onboard next million users, should we give them a push by rewarding them rather than bots. Seems to a be an missing opportunity.

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I'm not sure why Layer 2 solutions and recently launched projects are opting for one-time airdrops when it's clear that multiple airdrops benefit the project more. With multiple airdrops, you have the opportunity to iterate, adjust your user onboarding strategy based on market sentiment and trends, adopt a progressive approach to filter out bots from real users, and retain user attention over the long term.

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You have the funds, resources, skills, and knowledge, and have spent several years building, promoting, and selling something that advocates for self-custody, decentralization, and penalizing bad behavior. Yet, you choose not to apply the same principles internally. Irony of this space.

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Two upcoming changes to look forward to 1- Shared liquidity across Superchain /optimism 2- testnet launch of privacy focused chain /aztec

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This is so wholesome, folks like this bring hope into this space. I have had many interactions with some of the kindest, gracious and benevolent internet strangers. Offering a helping hand and making this space less toxic. Thank you, kind stranger.

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With new highs, crypto will again break into news headlines. If you folks are reaching out to you, teach them tokeneconomics, MCAP, FDV and token unlock. Share knowledge and let them decide.

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Millions of dollars are being spent from various DAO treasuries, projects are chain hoping just to extract maximum $$. Market competition and weak business models could be another reason. Tragedy is that they are showing bot and mercenary activity as MAU while truth is many of them will die out if DAO grants stop

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EF selling ETH is the new meta. Apparently funding resources and paying bills is net negative to this market

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Iterative approach is the best way to build in the market, deploy quickly, gather feedback, implement and repeat. First Degen and Moxie trying to counter spam - building on feedback.

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apart from self-custodial, one clear use of crypto is p2p transfer and remittance, imagine paying 100 USD on 10K transfer. The biggest missing piece is clear guidelines from the government.

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Frentech, had a thing going on with good hype, TGE was above average and the audience was building around it, especially on CT. Building something is a big step but making it sustainable is another

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When was the last time you did a transaction on the mainnet. Last cycle, high gas fee was a big complain but in this cycle it's hovering at 1gwei for the whole month. We can all look for an issue to blame but truth to be told, speculative side of defi is dead making 99% of dApps worthless and unusable.

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