Agree, majority of people trying to get into crypto usually want to start small to “afford only what they can loose” and gets phased by gas. Thus go to a cifi like binance instead, which is the main recommendation of most articles out there.
Glad to see that the discussion is fruitful.
Who would recommend staking $1000 of a crypto asset when gas costs $200+ to do so?
Staking is only one target audience and for sure not for beginners. I dare say that for beginners its already a daunting task to work with MetaMask.
need to define our target audiences first
absolutely. but its very easy to dissect. I imagine “rings”. Here is a crude example: the inner ring is “experienced crypto traders” (could split into several subgroups like whales and non-whales, institutional, etc…), followed by a ring of “Hodlers, who are experienced in crypto but not traders”, with an outer ring of “People, entirely new to crypto”
Campaigns need to be devised for all rings and their groups, in major target languages. That - again - can only be done by a full-time team.
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when average joes have a purpose to be coming to a defi pioneer, marketing might have a purpose. strategic alliances with the top participating projects is more than enough for the foreseeable future. And I have been doing this for at least 6 weeks. so.
The Vampire Squid does not advertise. Nor do top professionals in any field. Hedge Funds dont advertise. Investment Banks dont advertise. Top Law firms do not advertise. But retail bank of america does. So do personal injury lawyers.
Hard pass. This is pioneering days of DeFi. Yellen’s stooges could start handing out fines at any time. The business models clearly are not worked out yet. Everyone is trying to eat the next guy’s mines,farms, steal his lunch money and then suck his blood.
running an advertising budget when half the community got in right before a fully blown crash.
Bancor needs to recognize that 2020-March 2021 was a one off, miracle run not to be seen again in the space. Bubble popped. Time for the diligently serious to start looking at real solutions that will work in this unprecedented venture that is bancore. What worked for the past 3-4 years for a lot off you, is, quite simply, never going to work ever again. Time to innovate and adapt. The cores, from what I’ve seen, are on the right track. Forget juicing ‘trading’. Its not goign to happen. Everyone is sittig on losses, no recovery in sight, and the costs of trading on ethereum are prohibitive no matter how you ‘hide’ them.
Polygon might work, but it’s obviously a completely jarring solution to what was obviously a very comfortable place, sitting in a chair whilea smart contract did all the work. Yeah those days are not coming back.
I’ve come here because my bet is that the reasonable men will find the next best answer and are more likely to skip the hail mary and desperation plays that are already popping up all over the place. Dont worry, there will be a lot less competition for access to luiqidity sooner than you think.
These big changes are not bad. They are opportunities to outperform once again (something the cores that designed this joint are im sure accustomed to achieving.
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