Tower Exchange will be live on @arc mainnet.
Regional stablecoin access and liquidity aggregation, built to scale globally.
Mark your calendars for September 16th.
We're excited to be joining a live panel discussion today with @leagueoftraders, Korea's largest social trading network.
We'll be discussing how stablecoins and real-world assets (RWAs) are transforming liquidity, payments, and the future of DeFi.
๐ Thursday, 23rd July
๐ 2:00 PM UTC
Set your reminders: https://t.co/JVwXHtKxY8
THE HEATMAP JUST CONFIRMED $50K
Every major liquidity zone on this map has been claimed one by one
One untouched cluster remains - $50K
The brightest concentration on the entire chart sitting right below current price, completely unvisited
Price doesn't leave liquidity pools unclaimed - it never has
$50K is the next destination
Turn notifications on - I'll call it before it hits
๐๏ธ We're hosting an X Space with @hibachi_xyz
Join us for a conversation on The Stablecoin Economy: FX & Liquidity Aggregation for DeFi
We'll unpack how traditional FX is shifting onchain and how stablecoins are shaping the future of global payments, liquidity, and DeFi.
๐ Friday, 10th July
๐ 6:00 PM UTC
Set your reminders: https://t.co/gswmTA0Lgq
We're excited to announce that Tower is now live on @GateDEX!
Users can now discover and access Tower directly through the @GateDEX app to seamlessly swap and bridge stablecoins.
This integration expands Tower's distribution, strengthens our infrastructure, and brings decentralized stablecoin trading to even more users.
You can now automate cirBTC purchases with Recurring Orders on Tower.
Set your amount, pick your schedule, and let cirBTC accumulate over time.
No need to time the market.
Iโm Speechless, it was a long ride.
Itโs really not easy and it has never been easy to build something worthwhile like this.
It just happened to come to this
All the best to the team ahead
Flagship has come to an end, and man does it suck.
Iโve been working on Flagship full time for four years, and the vision for it came in early 2021. Thatโs such a significant part of my life, and itโs very difficult for me to come to terms with that Iโve failed. When I started, and basically up until the very end, I always thought we would pull it off. That as long as we kept pushing, weโd make it. Unfortunately, the financial reality has ultimately killed that dream.
We had been here once before. In late 2023 we ran out of money and by any sensible measure should have stopped. Ivo and I decided to keep going. We rebuilt from almost nothing, and a lot of what came after grew out of that choice. So I know exactly what it feels like to keep walking when the math says turn back. This time the math finally won. For the past year and a half, neither I nor my co-founders drew a salary. I also put most of what I had saved through crypto into the company to keep the lights on. I won't put a number on it. It was probably more than I should have, and I'll be feeling it for a long time, but I did it because I so strongly believed in what we were building and that we were going to succeed.
After we launched the app at the end of this April, we got very close to the trading volumes we needed to survive during the first week. It seemed like it was going to work, we got so close. Then the volumes collapsed. We spent weeks talking to dozens of users trying to understand why, and we built a plan, and we kept going. The honest truth is we had already seen a glimpse of it working, and that glimpse is probably what let us look away from the math for two more months. This week we couldn't look away anymore.
I made a lot of mistakes over four years, and I'll be learning from them for a long time. The biggest one is mine, and it is not complicated: I chase shiny objects.
Crypto, back in the days really, hands you a new opportunity because of some new breakthrough or web2 giant entering the industry every few months, and I kept reaching for them. We started on Avalanche and couldn't build what we wanted. We moved to Polygon and shipped a first version that hit too many walls. We went to TON and Telegram, which looked like one of the largest openings in the industry, and we were too early. We landed on Base and finally got the cross-chain architecture right, and by then it had cost us more than we had. I also kept us pointed at things the technology wasn't ready for, like a cross-chain execution layer that would have taken tens of millions to build properly back then. A mountain we didn't have the gear to climb.
Every one of those moves had a real reason. None of them felt as costly at the time as they turned out to be. That is exactly the trap. When each pivot has a good reason, you never notice that pivoting four times is the actual mistake. Avoiding bad bets was never my problem. Turning down good ones was.
If I could do it again, I would keep the team tiny, ship one product as fast as possible, and obsess over making that single thing great by listening to the people using it. Looking at the list of what we built in the Flagship post, I am proud of it and have fond memories of each product and launch. Yet, it is also the clearest evidence of what I got wrong. We built far too much.
I want to talk about the people, because they are what I think about most.
I started this, but starting it was the smallest part. Everything that made Flagship real was added by people who were not me. The ones who came to build it and stuck around when we couldn't pay them. The ones who tested half-finished products and joined the beta and dreamed it with us. The contributors who showed up year after year with a passion I could never have manufactured. I could not have done any of this alone, and I didn't. They did it with me.
What sits heaviest is that people believed I could do this. They were betting on me personally when they did, and I didn't get them there. There was plenty of hate too, over the years. I understand it, and it is not what I'll remember. What I'll remember is the people who believed.
Our leadershipโs team tokens were set to vest only once Flagship could stand on its own. It never could, so they never did. We walk away with nothing, as it should be, as I strongly believe in serious skin in the game.
I still believe the vision was right. I think what we set out to build, an easy portal to the onchain economy, should exist, and one day it will. I have also made my peace that it will not be me who builds it.
As for what comes next, I genuinely don't know yet.
First I need to stop. I have gone almost without pause for four years, most evenings and most Sundays, holidays cut short whenever something came up. I let my life outside of this go quiet, and I have people to find my way back to. I also need to earn again, because the last year and a half emptied me out. That comes first.
Past that, one conviction keeps returning to me. I have come to believe AI may be the most important thing we ever build, and that like Bitcoin it should be owned and governed by as many people as possible, instead of a few giants. I don't know what my part in that looks like yet, or whether there is one. But I can feel it pulling, and I have learned to listen when something pulls like that. But first, itโs time to recover, reconnect and process the entire journey.
To everyone who believed in me and supported me over the years, my gratitude has no limits. It has meant the world to me that so many people joined me on this journey, helped me build the vision and supported us through thick and thin. I won't forget it.
Jorn
Imagine explaining to someone in 2035 that we used to manually switch between Slack, Chrome, Notion, VS Code and 12 other tabs to build a website.
They'd think we were insane.
From apps to agents!
@OpenYabby
And It's A Wrap!
We're excited to announce that our Beta Testnet has officially come to an end.
After nearly two months of collecting feedback from our beta users, we're closing this chapter and opening Tower Exchange to the public for testing: https://t.co/E37mQyJjzz
What started as an early testing phase quickly became a collaborative effort. Millions of transactions, swaps, bridges, and recurring orders later, we've learned a lot from how people actually use the product.
To everyone who tested, reported bugs, shared ideas, and stuck with us throughout the beta, thank you. Your feedback has had a direct impact on the product, and we're better because of it.
This is only the beginning.