BKN 1.0 Staking Pauses June 24. THENA BKN/USDT Pool Closed.
Important update for BKN holders ahead of the BKN 2.0 migration.
• BKN 1.0 staking on the Brickken portal will pause on June 24 at 03:00 UTC.
• The THENA BKN/USDT liquidity pool has been closed.
• BKN staking will reopen on June 25 with the new BKN contract.
• The official migration portal will go live on June 25.
No action is required for holders on @MEXC , @BitMartExchange , or in the official Brickken staking pool.
If you hold BKN in a self-custody wallet, migration instructions will be available through the official portal when it launches.
For complete migration details read the full announcement 👇🏻
https://t.co/hI2ul4UPzx
I sat with a banker last week. He told me the three questions that kill most business pitches before they start.
It is not the product.
Here are the three. And one most founders forget entirely.
1. Value proposition and revenue model
What does this thing do? Does it solve a real problem, add measurable value, or disrupt how something currently works?
And critically: how does it make money?
These are the same question. A product that solves a problem but has no clear path to revenue is not a business. It is a proof of concept. The founder who cannot answer both in two sentences is not ready.
2. Total addressable market (TAM)
How big is the opportunity?
Most bankers want to see a market of at least $100 million before the conversation gets serious. Below that, the ceiling is too low to justify the risk of lending.
Billions? Build a company. Millions? Build a profitable business. Tens of thousands? Build a side project. Know which one you are building before you walk into any bank or investor meeting.
The mistake: most founders estimate their market based on best-case scenarios. Bankers estimate based on what you can realistically capture in year one and year two.
3. Capital requirements and path to profitability
Once you know your market and projected revenue, go backwards. How much does it cost to build, run, and scale to that number? Can you reach profitability before the money runs out?
This is the question most founders skip until they are already out of cash. Then they walk into a bank. By then it is too late.
4. Competition (the one most founders forget)
Who else is solving this problem? Why will you win?
Every banker will ask this. A founder who says "we have no competition" either has not done the research or is building in a market that does not exist. Neither is good. Know who you are competing against and have a specific answer for why you win.
The order matters.
You cannot calculate your TAM before you know what you are selling. You cannot calculate your capital needs before you know the size of the opportunity. You cannot position against competition before you know both.
Most founders start with the product and work backwards when it is already too late.
Start here. Before the product. Before the pitch deck. Before anything.
Almost none of the people who see this will actually write these down before they start building.
That is your entire competitive advantage right there.
This thesis remains unchanged, despite some changes as narratives start to wake up.
- Clarity Act vote is around the corner --> DeFi starts to do well.
- $ETH wakes up, and therefore the entire Ethereum ecosystem, in the form of $UNI, $LDO, $TIA, is waking up.
I do think that we'll start to see more of that momentum and that layer 1's are also going to break up: $SUI, $AVAX, and others.
Additionally, wouldn't be surprised to see a new leg higher in $NEAR, $ONDO, and $TAO.