Who thought 15 months ago when we invested in Focus that this is where we would be now? Boy I missed the mark.
@SwiftD are you willing to share your thoughts on shifting out of focus and into deso staking?
So now that $AB has launched, the work begins. AB kept his word and disabled minting. He doesn't have any founders tokens so he can't rug. @highkey how do you help him experiment with driving value to AB coin holders or the AB token price?
The FDV/market cap of AB is only $135k - seems low if we have a bunch of users. But establishing any fair value for market cap is hard given the remaining unknowns.
Revenue share would be great - whenever that gets enabled. Maybe AB and Highkey can say what that % will be once it is enabled.
Or think about ways to gamify trading so his trading fee income goes up. Gated content for holders over a certain amount? Top 5 traders by volume get a jersey? I don't know - but something fun.
Thanks for your efforts in getting him here and starting some buzz.
If the smart traders here who have done the math could just respond to this message and let me know what price to bid on $AB that would be great (I won't share it). @clayoglesby @AMurloc @VishalGulia
Would it be hard to create a dutch auction option for focus token launches? The amm launch is cool, but still seems subject to gamification and is PvP with winner/loser holders at launch. @nader @mossified
Is there an update on the status of "revenue share - coming soon" for focus tokens? We are still in the great unknown for how to value anything until we get this key metric in place. If it is a regulatory issue vs. a tech issue, that would be good to know. Any light you can shed on this, or timing, would be great @nader @mossified . Thanks.
Is there a way for reposts to not show up in your feed if you are already following the original poster? Is there a setting, or is that something that can be added? As the network grows, it might become a larger problem and unnecessary noise. @nader @mossified
Lets hope brighter days are ahead for this platform and for focus. It is such a great concept. And there are so many more great features than before. Such a kick in the rear that price and activity just can't take off. My hopes remain so much bigger than my continued missed expectations. My bag bias outweighs all other considerations. There is always tomorrow?
This post and the comments back and forth are well worth the read. It highlights one of the more obvious divides on our social protocol which is struggling to gain footing in a brutal space. Where does the burden lie on growing DAU? The users? Core? Devs? The apps?
It is a good debate because it shows that people on both sides care. Clearly the focus launch has not gone as planned. Neither have the last three years here. And some elephants in the room remain unaddressed, perhaps for good reason.
If the protocol's DAU is dependent on me getting more people here, then we are all in deep trouble. But the protocol did get my money. And I will invest in creators who come here or investments that I think have merit.
Man, I wish we had "virality". But it hasn't happened yet. There is no doubt that created unmet expectations. Hopefully a healthy debate as well as the deployment of resources can bend the curve in a positive direction. Thanks to all of those who contribute here and care.
That includes Ed and Nader and their team.
The entire purpose of the bounty hunter is so that it’s a referral based system.
It works best if YOU help by practicing your pitch and learning to articulate the advantages of DeSo and Focus.
We raised the initial liquidity, built all the platforms, are continuing to iterate (streamlining onboarding, adding on-ramps, fixing trading), and put all the incentives together.
Instead of taking 30 minutes writing posts about what we can do better, I really think spending those 30 minutes to articulate your reasoning about why DeSo, Focus or Openfund are great platforms would go a LONG way.
Especially if you already hold $DESO and want to see it grow, this should be more than enough incentive alignment plus referrals.
Most of this work is already done for you in docs.deso.org
I follow all of the activity on X, and haven’t seen really any strong efforts to help articulate anything. Mostly still just link-spamming.
The virality components work best if we work together… it was purposefully incentivized that way (eg 100% bonuses for reserving, unlimited referrals, 5% of fees forever).
It is amazing how much price affects my sentiment. You would think I would know better by now. Lame.