The first big PariMedia x @cyberbasexyz event - how was it?
The last event "Will Bitcoin reach the $75K mark by July 30th" has already ended and the prize of $3,090,008 $CB was shared by the site that voted for the answer "NO".
👾| Interesting statistics:
Event creator (user) received: $6,743 $CB
► Winning side pool: 2,405,650 $CB (NO)
► Losing side pool: $684,358 $CB (YES)
► Commissions paid: $68,436 $CB
People bet on the outcome of an event and multiply their CBs.
👾| How to join the winners?
Go to PariMedia and toggle to the Cyberbase logo. Next, choose an available event to bet on or create your own for just $100 $CB!
And you're already in the prediction market. GL! ✌️
🔥Yes Summer is now LIVE! 🔥
Check out the event calendar for thrilling rewards from our partners!🌟@Web3WithBinance @okxweb3 @BingXOfficial@BitgetWallet@Bybit_Web3@HashKey_Global
Exclusive event skins dropping in Yescoin bot! Collect all 6 skins to claim a mysterious huge reward!🎁
- How to join:
✅Join Telegram channel for Daily Community Raffle: https://t.co/ujWaf10clk
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✅Like, RT, and tag more friends for more gifts
Yes, share the news, rally your friends, and enjoy the hottest crypto summer! 🔥💎
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😍 CFI App Got A Fresh New Look!
💥 Exciting updates coming soon with new functionality!
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The secret weapon in Web3 marketing that truly works? Network Effects
Unlock this strategy, and watch your user base skyrocket!
The best way to describe Network Effects is:
A product displays positive network effects when more usage of the product by any user increases the product’s value for other users (and sometimes all users).
The entire Web3 ecosystem thrives on Network Effects: blockchains, successful infrastructure projects, p2e games, and more. They all leverage these effects.
To grasp this concept better, think about the telephone: A single telephone is useless, but the utility of the telephone network increases with each new telephone added. As the total number of connections a given node (telephone) can establish increases, the utility of the network is enhanced.
Your mission is to replicate this in your project!
➤ 16 Types of Network Effects
In the map below, NFX has depicted various types and categories (organized by color), with the strongest and simplest network effects at the center.
Your goal is to incorporate at least a few Network Effects from this map into your project. The more and stronger they are, the better.
➤ Network Effects are Not Virality
Network effects are not the same as viral effects. Network effects create defensibility, while viral effects are about acquiring new users for free. They have entirely different objectives and strategies.
➤ Formula for Success
Durability = Network Effects + Economies of Scale + Brand + Embedding + IP
➤ Types of Compensation for Bonding
You also need to decide on the type of compensation for key network participants based on their value.
Luckily, the types of compensation are limited. The image below offers a good starting list.
To achieve exponential growth for your project, you need to understand:
1. Who are the main participants in your network?
2. How will they interact and what value do they add?
3. How will you attract them?
Tagging some of the best minds in the space: @_k4ybee@McTyasha@andyyy@MatDefies@vohvohh@amandatylerj@GianTheRios@SerrDavee@DeFiMinty@thesaint_@Louround_@poopmandefi@0xSalazar@cryptoshiro_@LambolandNFT@andrewsaunders@HadickM@adamceresko
Share in the comments how you are already using Network Effects in your projects and how it has impacted their growth 👇
💰 Rewards Distribution & Weekly Referral Contest
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😎 Also, we began the Rewards Distribution for your past activities into our Wallet
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