catow

Collab Manager in @lncognitoTM

[ferb @ferbsol]

my irl friends: yoo, your job is so funny right? you are trading memes..

me: uhmm.. yee it is.

[LEGACY @legacy_sol]

hand picked, perfectly curated

LEGACY

[catow @tryxsterol]

@ordBanksy how to mint?

[RTK @artik63]

This will be a big thread about @WingNode1 and @travch1s exposure. Scam that you NEVER should be a part of and here's why👇

[toby @clippedtoby]

The reality of NFT groups and the potential new path that @lncognitoTM may take over the next 6 months.

History
I have been the founder at @lncognitoTM since mid 2021, failing to be in good conditions to launch or make the group profitable to a point where I could pay myself.

Never have I been happy with things and I've always wanted every aspect and person of the group to be profitable. I often blamed myself if members were unprofitable etc.

Now, I can confidently say that looking back, we were likely one of the most profitable groups in the space, some things weren't perfect but during about a year, I spun up less than $50 -> near $60k+ (pre-drain), which would now be worth $200-$300k. I'm now back as of a few months ago, where I deposited a lot more initially and ended up with quite a lot more now.

Typical NFT Communities/Groups
The sad reality of most NFT groups is that given the market moves in huge emotional cycles, group owners flee in the bear and members disappear. In the bull, members rush to find new groups.

For most people, these groups will be the ones they see first on Twitter. The ones that are flexing huge PNL on some coin you've never heard of. "200x on $IDIOT".. etc.

As profit maximising dweebs that we are, we instantly rush to the highest profitability groups we can see and often get dragged into the same repetitive cycles. Bear -> Leave -> Bull -> Find New Group -> Start Shitcoining -> Bear... However, these groups we join are often just losing a huge amount of the profits back on posts they never share.

Often, as we have seen many times in the past, the shitcoining has microcycles and more than not, if you have no good edge, you'll likely lose all the profits you made in the bull market during the microcycles.

This isn't to say that some groups don't give you an edge. I truly believe sitting all day at monitors for new pools and entering while understanding risk is often profitable in the long term.

HOWEVER...

The Problem
During my 2 years running Incognito, I learnt a lot. Many interesting things I learnt about contribution in large groups etc.

1. People hesitate to share alpha.
Not surprising. We see groups of 30-60 and usually much much more and we often know very very few people there. Members have no idea how trustworthy other members are, they just want to earn money. Nor do people actually know loads of other people in these groups.

2. Too much damn noise.
So many projects release everyday, so many tokens, so many protocols ticking and releasing new information every single day, hour and even minute. How the fuck does one monitor this much information?

The Solution
@lncognitoTM (TBD whether new brand), will be be making the following changes:

1. Cut Group Sizing
Likely this will be cut to a cap of around 10 members, for the initial stage of the group, this may go up to 20 while in testing. I hope this prevents free-loaders as everyone will know everyone. The lower member count and focus on quality allows members to share more willingly.

2. Focus on Quality Members
No member will contribute massively while another isn't contributing. This will play a huge part of the project and mean that nobody will be able to freeload easily from other people, if you aren't contributing anything to the group, the group can easily vote to freeze your metadata for a week or longer, allowing you no access to any alpha. This isn't as extreme as it seems.

3. Focus on Quality Content
Yes, this means no/very little shitcoins. Ignoring the noise, embracing the quality projects. No need to farm every project under the moon when there are so many projects worth farming and spending time on. Focus of the group will be scaling and automating farming on the projects that we know will airdrop/release at some point. This also means that the group will likely deep-dive into protocols and coins that are undervalued. Not just because you think it is, but because it is fundamentally undervalued.

4. Governance
To encourage communication, it is important that the group maintains equal control over the entire project. The decisions the group makes should be directly decided by the members and not by some bum group owner. This also means treasury funds are fully controlled by members.

5. Tokenised Membership w/ Dynamic Metadata
Yeah, there will probably be a mint. This hurts me because I hate the idea of money tied to a community. Money often goes to the project owners and money is drained monthly setting an expectation for the group. However, because it is fun, having an NFT adds to the excitement. Additionally, 100% of the funds raised from the mint will go directly to the group's treasury. Most of the royalties, potentially all, will go into the treasury as well. I hope this creates a lack of an owner inside the group as often when money flows from members -> admins/mods, it results in expectations set for the members.

Apologies for the rushed post. The grammar here probably won't be the best. ;/

[toby @clippedtoby]

Had some thinking today and over the next couple weeks I will either find a group to share info in, if they are good enough, I’ll just share info there.

Or I will make my own thing and invite only people who actually use their brain and are active. Incognito v2 lol.

[catow @tryxsterol]

@nftuniversi want to join

[catow @tryxsterol]

@deadgzsol @notsoeasymoney @BoDoggosNFT what you think about mine?

[catow @tryxsterol]

@0xJoash @vibingstudios u need unit from @SaturnUnits

[catow @tryxsterol]

@AllThingsNFTsNZ @HumbleDegen refund for The Intrepid?

[catow @tryxsterol]

@voshy waiting drop

[catow @tryxsterol]

@solWOODA E3fJj5u9xb66kg3FJS3MrFUdWuvCU6hy4PXb6mzYg9AY

[catow @tryxsterol]

@flipcoinsolana E3fJj5u9xb66kg3FJS3MrFUdWuvCU6hy4PXb6mzYg9AY

[catow @tryxsterol]

@BLOOD_AIO waiting access

[catow @tryxsterol]

@AllThingsNFTsNZ @SOL_HoTsAuCe @solnftradar why did you kill your collection?

[catow @tryxsterol]

@gynchiii @BlocksmithLabs @kingfud they don't do anything anymore (
ellagorisdoesn't do anything and doesn't want to do anything.