I chatted with a founder who did a TGE in the last year and has an FDV above 1B+. He said that for the last 6+ months, the token is the center of the universe for him, and he is not much involved in the product dev. Its not like he doesn’t want to but it's very time consuming managing all stakeholders like MMs and others. Sometimes I doubt if this is why a founder should launch a token, where their focus shifts a lot to the token and not the product. In my opinion, it's an L for crypto in the long run if this is how many people waste their time on token.
Andy
Andy6.8. klo 03.15
"Token is the product" people have been proven correct over and over again this cycle & will continue to be. As a founder, you can't control the token price but you can learn from past projects and implement better practices in real time...that's one advantage to shipping in the second decade of crypto...you get to learn from the experiments of others. Highly recommend founders to place outsized importance on their tokenomics and sustainability in the era of abundant tokens & ever-decreasing attention spans
32,25K