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Talking about launchpads on #MultiversX .
Read the premise and then my proposal, let me know what you think and 🙏 like and retweet.
⚠️PROPOSAL at the end⚠️
AN HARD TRUTH:
MvX launchpads are not working.
Blaming the bear market makes no sense, fact is there is not enough demand for ESDT tokens.
Less and less people invest cause they see price going lower than ICO price and so losing money. We risk arriving to a point where projects don't raise enough money.
Plus prices going lower makes:
🔸Investors upset
🔸Community losing hope and trust on the chain & team
🔸External people not coming (why should they seeing past track record of 100% launchpad projects price being lower than ICO?).
Short-term profit seeker heavily outweight long-term investors making the price go down even for strong projects like Hatom or AshSwap.
And no, we can't blame tokens utility:
🔹Projects can rarely give utility. What utility should they give?
🔹Tokens receiving revenue from the protocol, this is the MAIN utility.
Problem/non problem = this require time.
But users are impatient, they expect startups to be successful in a few months. If this was possible, they'd not be so stupid to raise money. They'd earn them in months no?
It doesn't work this way, wake up to reality.
And no, 1 year isn't enough time for a startup to be profitable and generate ton of revenue.
PROBLEM
New launchpads projects are in a bad situation.
1. Long term investors not interested. Why should they? They know price always went down.
2. For this reason short-term profit it taken as soon as possible.
3. This creates decreasing demand for launchpad projects. They become a pump and dump game for gamblers.
Supporters of the projects are taken out, the system keeps them away.
I'm one of them and trust me I'll never ever invest in @Ta_da_io if launchpad will follow the rules we've had until now.
I'm sure most agree with me, I'm here to support the project, but I'll not lose money when I can invest later at lower price @beniaminmincu, @luciantodea@lucianmincu.
This creates lower and lower demand for launchpad projects.
Now...
What do we do?
We stop doing launchpads? No.
I have a proposal and I hope people will add their ideas for the health of MultiversX.
Cause no launchpads ➡️ no new projects ➡️ no new utility ➡️ no adoption ➡️the chain fail ➡️ we all fail.
And also projects performing bad makes the chain look bad from the outside.
NEEDS:
- Protect and reward long term holders, real projects' supporters
- New investors/liquidity into EGLD chain
- Strong projects to justify those 2
⚠️PROPOSAL: 4 points⚠️
FIRST:
Different prices:
The more locked your tokens are, the lower price you get in.
So for example:
- Range 1: 1$/token locked 2 years 1 year vesting
- Range 2: 1.5$ locked 1 year 1 year vesting
- Range 3: 2$ locked 6 months 1 year vesting
- Range 4: 2.5$ no lock
It'll go with waves, so starting from the range 1 and going on.
If all is sold at range 1 it means demand is high, you have lot of investors and that's it.
ICO price starts from 2.5$ in the pool.
Short term would invest anyway cause they can gamble on the short-term price without those getting in early at lower price being able to dump. If all is sold at first 2 ranges, price can only go up and attract external users.
Tokens needs to be fully locked, similar to $XMEX
SECOND:
Marketing:
- Use a considerable amount of money to onboard people into the first ranges.
- Pay influencers from both MultiversX and especially external influencers and important KOLs.
Purpose:
To have as many early investors interested long term into the project as possible.
Once they have it, they'll be incentivized to support the project more cause of their stake into the project and they can't sell.
You need them to be paid NOT in tokens but with private investors money, in other tokens or USDC. Best would be to pay them with locked tokens.
THIRD:
Tokenomics:
- Connected with project revenue somehow
- Investors need to be well said that goal is developing, scaling and being profitable.
- Project being profitable needs to be linked to the token doing good
- NO metabonding at all, NO inflation or rewarsd. You need in the best scenario all in range 1 and 2 with all tokens locked and no selling pressure whatsoever.
FOURTH:
Lower market caps. We can't afford big ones yet.
This means less to investors, less to marketing, less to the team.
And if so, heavily locked outside development/marketing tokens.
When the project wants to sell them for funds, close an OTC deal or use another solution like @EntityFinance LSD.
I have to highlight even here: sell locked and vested tokens.
FIFTH:
Education and visuals.
We need the team to go heavy with visuals and content to educate on projects potential.
Their selling proposition, utility and potential all showed easily. People don't have time or the will to read long launchpad descriptions.
You need great marketing that can take attention in 1s from people, keep them focused for 15 seconds and surprise them.
And educating the community on this strange and new launchpad setup. People are scared of change, are scared about uncertainty and a lot don't know what investing means.
They think launchpads are magical moneypots. With a great communication effort we can overcome that and let them understand the plan and vision and onboard them.
2nd point help.
That's it. I know it sounds strange and new.
I know there may be some doubts on it and that it would be challenging to make it work. We need a great project, with a new launchpad setup and a new strategy.
Otherwise I don't see it working as it is now.
Let me know what you think:
🔸If you see it working
🔸If you'd make some changes
🔸If you'd keep it as it is (how would you solve the lacking demand?)
🔸If you have a completely different and innovative idea
Comment below :)
@Davyegld@mihaieremia@MultiversX The HTM token has no utility.
The inflation is about 90% if I recall well.
The price will fall very hard, as all launchpad projects before it.
Why should anyone invest in launchpads?
Maybe to surely lose money after just a few months. 🤔
👌💎
Someone not so stupid said: "Insanity Is doing the same thing over and over Again and expecting different results"
Launchpads didn't do good. Despite having a relatively solid community that invest for projects, they're overpowered by all of those in for quick profits.
It just doesn't work, and I don't know how they think the next launchpad will work.
My pov is that launchpad with free tokens is non-sense, cause price (in serious tokens) is connected with projects' revenue.
And it's clear projects can't generate revenue the first years being startups, even distributing the few $ they generate can only weaken the project.
Something need to be done, surely the path taken until now.
My opinion:
- Money to social media influencers to raise awereness. MvX community is small and tired
- Lower market caps, less tokens to advisors and team
- Tokens locked for long for both community and private investor. This way you may raise less but keep price at public price and have a loyal community.
I didn't find other solutions, expecially after seeing a project with 100mln TVL like Hatom performing bad.
Congrats to buyer and seller.
just for a standpoint
0 to 0.5 and 0.7 $EGLD, that is literally turning something free into something worthy.
This is possible due to support of Elrond NFT community.
Thank you. 🙏😇
Wow, biggest volume. Even bigger than at one time we actually put a price tag on it 😅😅😅. Thank you all who participate. Let the royalty build up. We will give it away to the community as well. Optimusk Roll Out
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