If you are going to build a company in web3, you must lean in and not shy away from one of the key components that makes web3 special, the token.
1. Build a great product
2. Design the token utility as a necessary component of the product that organically generates demand.
3. Introduce token mechanics and distribution methods that align users, investors, and contributors with appropriate incentives around earning, spending, saving and participating.
4. Identify a sustainable business model that directly ties value back to the token
5. Token BD is a thing! Whether it’s KOLs, Investors, Exchanges, Market Makers, OTC Desks - create a foundation for success with the right ecosystem.
6. Fuel speculation with great story telling & marketing
7. Empower your community, find your champions and give them all the ammo they need to build an army of supporters.
This is new territory. Just as product development and product marketing became necessary with the rise of software, token design and token marketing are necessary with the rise of blockchain.
You don’t need to do this all on your own. The skills, knowledge and relationships around successful tokenomics compound with every experience. Teams that are involved in token launches frequently will have inherent advantages. This is an area you can bring in external support.
If your company can benefit from an experienced team in designing, launching and / or strengthening your token, check out @denariilabs or get in touch with myself or @RomanTirone and we would be happy to point you in the right direction.
This whole space will thrive on the backs of great products and companies with healthy sustainable tokens in market.
Go faster - presale incoming.
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Registration is open for @DrewAustin's Alpha (Beta) Talk on 6/14 at 3pm EST Only 1,000 seats left!
https://t.co/3qXUek69HQ
@DrewAustin, a founding venture capitalist at RedbeardVC, will share his invaluable insights on navigating the Web3 investment landscape during diverse market conditions and the complexities of investing during both bear markets and periods of extensive building and growth.
These are going to go quickly!
Excited to share my cover art for @knightsofdegen !
Grateful for the opportunity to showcase my work inside of the other ecosystem! Thank you @DrewAustin for inviting me as an artist!
Featured both @jaredaugustine , @matthewjgroff and @DrewAustin 's Knights
Gonna join tomorrow’s spaces! https://t.co/YaHL38QgSJ