Let’s talk reputational risk. Rewinding back 4 months, when the meme bear market was in full swing and memes were getting slaughtered, communities died and liquidity left.
$BERT was around 12mil MC, and we had built from scratch a token and NFT staking protocol. Why? Because, alongside our web2 products, we wanted to not only bring utility to our token, but we wanted to differentiate ourselves from other memes. We wanted to show that we were more than just a meme, that holding an $BERT NFT meant something and could reward loyalty to our holders.
It genuinely was so tough back then, raising the cash (remember no VCs, no presale) but we were adamant we wanted to partner with the BEST auditors out there to ensure our smart contract stood the test of time.
So this is where reputation risk comes in.
For a sustainable, multi-cycle coin where holding tokens and NFTs has meaningful utility, we had to ensure our smart contract was watertight. The risks to our vision if it were to fail were too great. To see @bertcoincto now in the final stages, showcasing their open GitHub repo to the world and inviting white collar hackers to find vulnerabilities. I am truly proud of the tough decisions made back then, and the investment in capital and time was worth it. What other 12mil MC token thought like this?
The rotation to quality continues, and it is because of hard work and tough decisions made by $BERT when the world was fearful.
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