SANTOSH MADANKAR @SANTOSHMADANKA4 - Twitter Profile

over 1 year ago

Why is Cyber Finance now @WagmiHub and wen listing? In this post, as the founder and CMO, I want to share why we made this decision, what’s next for the project, and answer your most common questions. ➤ What Have We Achieved So Far? I’ve been working on this project for almost six months, dedicating over 60 hours a week, alongside a team of 25 people. Here’s what we’ve accomplished: • 8M+ Total Users • 1.2M peak DAU • 1.7M Wallets Created • Audit Completed by @zokyo_io • Partnerships with @Scroll_ZKP, @TrustWallet, @CatizenAI, @BitgetWallet, @LineaBuild, @GT_Protocol , and many others There’s even more that I can’t share just yet, but you’ll see soon! ➤ Why did we need to change the product concept? We initially developed a DeFi ecosystem within Telegram, including a working wallet with a DEX aggregator. However, instead of continuing blindly like many Web3 projects, we decided to test whether this was something users actually needed. We didn’t want to end up like many other L2s, memepads, or wallets that nobody uses. To this end, we conducted extensive tests and research, analyzing our audience, Telegram users, and DeFi users. The results indicated that our initial theory was incorrect, and it’s unlikely that this product would achieve a strong market fit. ➤ Key insights from our tests: • The true DeFi user base consists of around 10,000 people with significant capital who are looking to grow their wealth steadily through blockchain opportunities. • While Telegram has a decent number of DeFi users, most of them lack technical knowledge and have lower-than-average capital. Their needs differ greatly from what we initially aimed to address. • Most of our audience comes from Tier 3 countries, mainly looking for free rewards. Even those interested in our product were not its target audience. Given this, trying to convert 8 million users into DeFi enthusiasts is an unrealistic approach. To do this, we’d have to educate them, change their behavior, give them money, guide them step by step, and even then, they’d still likely be dissatisfied. ➤ Why rebrand? There are a few reasons why we decided to rebrand and shift our focus: 1. The old name and branding didn’t fit our new vision and values. 2. Users have been eagerly awaiting a token listing. To deliver a successful listing, the project must align with current market narratives. Right now, the memecoin and AI narratives are much stronger than DeFi. 3. The new concept addresses an existing market need, giving us the chance to build a truly impactful product. ➤ What role did the community play in the rebranding? The community is at the heart of our project, so we involved them as much as possible in this important phase. They came up with the new name, created the logo designs, and chose the final version, which we only fine-tuned a bit. ➤ Why did we choose this niche? Our decision came from analyzing our audience and market needs. We found that the primary motivations were to make money, have fun, and be part of something bigger. We also noticed a clear gap in the communication between memecoins and their communities, as well as a limited range of tools available to drive value growth. Our aim is to address these issues, not to create another memecoin launchpad. We'll release a full description of our vision and implementation plan on Monday through our official media channels. ➤ What’s coming next? We'll release a new roadmap, update our documentation, and launch the first product from this roadmap as early as next week. You'll also see many industry leaders joining us, alongside partnerships and integrations with memecoins and AI projects. ➤ Does This Affect the Token Listing? We’re doing this to make sure we have a successful launch with a product that fits market needs and current trends, backed by a solid plan. This strategic move means we’re now even closer to listing, and our chances of success have increased as well. Keep farming, and you will be rewarded. LFG!

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SANTOSH MADANKAR

@SANTOSHMADANKA4

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