Ok so if I understand it correctly, Project X is trying to fuse Socials (X in the name) with web3 activity
The AMM DEX makes them money (14% of swap fees are kept, the rest is for LPers) and they use these money to incentivize the social momentum/hype
If we look closely at how they built everything, it's pretty easy to see that this could be the final destination
I've always been very skeptical of SocialFi/InfoFi, see friend tech, kaito, loudio, etc....
But this is the first time we see it attached to an actual money making machine that can keep the runway and flywheel going
Dunno if this works tbh, but it's a nice experiment at the very least that I want to follow closely
If they really are self-funded (still don't know why the worst possible KOLs were talking about @prjx_hl as a miracle during testing phase) and if they have a bigger future vision, this could be a nice farm
What are the possible bigger visions?
-Everything aggregator: aggregate every chain and every DEX out there, route with AI
-Everything app for Hyperliquid: aggregate yields, lending, borrowing, staking
-YouTube like core business: like YT shares 50%+ of its revenue with creators, they could do the same to fire up the usage flywheel(?)
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