@2times
71e3a45ab5cf09fe50ac4e8dad5e4808b1377bfa892995df2e95fbc2f492a832

It's easy to be discouraged a bit by the performance of DESO and FOCUS so far. But tbh, this is a good situation. For the most part, no new money has entered the ecosystem YET. What we are seeing right now is FOCUS bag holders who have reserved their token for a year decide to dump and get liquidity for activities outside of DESO. Fair play.

We don't want new entrants to be exit liquidity for bag holders. Talk about a bad first impression. But the moment we get some catalysts, whether it be a fury of A-list celebrities launching their creator coins, or a brand launching their official brand coin, or simply a meme going viral, new money will bridge to DeSo, and the gateway to first get involved with anything on chain will always be to buy DESO. And thats when the DESO flywheel will kick into effect. More coins launching on Focus leads to more demand for the underlying asset pinning the entire ecosystem : DESO. Green dildo for DESO leads to a green dildo for FOCUS, and suddenly all focus incentives via bounties etc start looking juicier for new people to join and begin the virtuous cycle of referring others and beginning their Focus journey where suddenly there are incentives EVERYWHERE for them to stick around and grow with the community.

These things take time, and I am very confident that Focus will be one of the first ever crypto consumer application to cross the chasm and go viral amongst the web2 normies. We are early. My advice is to pull up a chair and get comfortable.

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Calculating...

How much was that? Where is that money going instead?

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What were the main reasons for doing so?

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