wtf will happen with $LOUD (it's a long one) second week is almost over and we're at: - $930k mcap - 88.5 SOL ($13k) in fees here's what I think about the experiment at this point: 1. the leaderboard doesn't drive volume this part of the flywheel seems broken to me because mindshare (as measured by Kaito) is more geared towards insight and smart engagement rather than pure attention. - what can be done? kaito is working on implementing onchain behaviors as part of its info-as-a-platform vertical and that could present a solution for this type of flywheel since it would track onchain activity (trading) happening as a result of a tweet. ____ 2. the token doesn't know what it is it's not a memecoin, it's not a utility coin, it's not a product. it's somewhere in between and that makes it unclear for traders. - what can be done? @Slayed_eth talked about the ''text-based meme'' angle and I think that could play out. we haven't really seen something like this in terms of memetic culture for tokens. whatever can be done, it won't happen unless people actually step up to do shit. this is a 100% community owned token which makes it kid of like the mfers of memecoins but without a picture. more resilient in the long run but low activity as a projects and more reliant on individual community contributions. ____ conclusion: i think the collection of the fees has improved but we've seen and also heard from @0x_ultra the takeaways post-launch when it comes to the liquidity pools and capturing the fees. at this stage i don't think this represents a weakness in the flywheel but I do believe that if the liquidity wouldn't have gotten so tick at launch, with the hype behind Loudio this could made 7 figures in fees in the first hours and you would have had Ansem and the big CT come in ____ looking back: i believe this was one of the most successful experiments we've seen this year and it provided lessons for everyone in crypto from devs to marketers, founders and everyone in between.
3.88K
118
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.