8 groundbreaking daily grind AI tools that feel almost too powerful to be legal [Web3 + Web2] ↓

#1 Bardeen AI: An agent for any repetitive tasks

Use cases:
• Research (scraping and summarizing data)
• Productivity (can be integrated with Gmail, Notion, LinkedIn, etc.)
• Automated workflows, i.e. Summarize research, input a TL;DR to Notion.

🔗 https://bardeen.ai

#2 Numerous AI: An assistant to structure and edit your Excel and Google Sheets.

Features:
• Generating formulas
• Writing and editing text in batches
• Reformatting and cleaning data

🔗 https://numerous.ai

#3 Web3 Summary: A solution to simplify complex things about Web3

See this as a ChatGPT trained to address your Web3 questions including:
• Tokenomics
• Eli5
• On-chain data from multiple chains supported

🔗  https://web3summary.com

#4 SolidityScan: A tool to scan any smart contract for vulnerabilities

Features:
• Quick contract audit (for DeFi investments or trading)
• Security insights for developers

🔗 https://solidityscan.com

#5 Smarty AI: For those who have to combine 9/5 work with 24/7 Web3 grind

Features:
• Daily planning based on notes
• Analyze where your time goes

🔗 https://www.smarty.ai

#6 TypoX AI: A ChatGPT-based news scraper (trained to TL;DR announcements)

🔗 https://app.typox.ai

#7 JIT Codes: A solution for developers for programming (Solidity and Rust supported)

🔗 https://jit.codes/generators

#8 Cleo AI: A solution to manage personal finance

This AI app for IOS and Android was made for an easy way to budget. 

Cleo with users via chatting and uses emojis, memes, and GIFs to get the point across when you spend too much on ordering takeout.

🔗 https://web.meetcleo.com

What other tools do you use in your daily grind?

Let me know!

8 Groundbreaking AI Tools for Daily Productivity

I skip 90% of pre-sales, LBPs, IDOs, KOL rounds, and Ambassador Programs. 
They don't make the cut in my evaluation.

Here's my pre-investment research approach ↓ 

Here is the list of criteria you should evaluate, from most critical to least critical:

• Tokenomics
• Marketing/community (Hype criteria)
• Product & roadmap
• Narrative & competition
• Backers
• Team

This topic is very broad, so in this thread, I'd like to focus on one of the most critical aspects – TOKENOMICS.

Once the secondary market opens, all projects, in one form or another, will have various categories of users who may become your competitors.

They include:

• Token sale investors (all private and public rounds, including KOL rounds)
• Ambassadors (KOLs who have tokens in return for their contributions)
• Early users (airdrop recipients)
• Incentives recipients (staking, liquidity mining, etc.)
• Team

Interestingly, if a project raises from American investors, it must be SEC-compliant. As part of it, ALL tokens allocated to insiders (early investors, team, advisors, etc.) MUST have a minimum 1-year cliff period.

Source: @a16zcrypto's article "Token Launch Playbook".

Essentially, it's crucial to review the cliffs and vesting terms for all parties intending to sell tokens for profit.

Ideally, all insiders should have a minimum 1-year cliff (after all, who wants to invest in a protocol with potential regulatory issues?); it's just healthy.

For public sale investors, the primary threat arises from airdrop recipients and KOL round investors.

Airdrops are usually not vested, similar to public round tokens, and both want to take profits. Typically, 30% – 50% of airdropped tokens are sold within the first month.

When it comes to KOL rounds, the situation gets even more amusing.

I get at least one KOL round invitation every day. These rounds are usually disguised within tokenomics (presented as incentives, marketing, or other purposes), and most KOLs are quite receptive to these offers.

The interesting part emerges when you delve into the specifics of these KOL rounds.

Many of them offer huge price advantages over public rounds, sometimes at the seed round valuation, along with shorter cliffs and vesting periods. 

In some cases, there's not even a cliff at all.

A classic scenario is when there's a 3x TGE advantage with 30% of the investment unlocked on TGE (or something similar). 

This setup allows KOLs to recoup their investment on day 1, with the remainder serving as their additional reward for marketing support.

It's similar to Ambassador Programs where KOLs get tokens for their support. However, KOL rounds are more lucrative for projects; they receive both moni and marketing.

It's a fair deal, but the challenge is that retail investors are unaware of the influencers' selling pressure.

As a result, we have:

• A bullish sentiment, projects launching tokens at too high FDVs
• KOL rounds disguised in tokenomics
• Private rounds predominantly conducted during bear markets (yielding at least a x10 price advantage)
• Airdrop mania, farm & sell

After reading this, you might consider skipping all public sale rounds and only buying tokens on secondary markets. 

However, in some cases, public sales can present excellent opportunities, with the excess selling pressure being quickly absorbed (a good case is @ether_fi).

Absorbing selling pressure is primarily reached by the product, BD, marketing, and token use cases. This will be a central theme in my upcoming threads on this subject.

Be sure to join my Telegram community so you don't miss out on new threads ↓
t.me/muur_posts

Evaluating Tokenomics for Investments

Want to know if something is wrong with your risk management?

Take a look at this degen's checklist + 10 quick tips ↓

#1: GET YOURSELF A PORTFOLIO TRACKER

No, seriously, it's the basics.
I've even built a spreadsheet template for you so you could track the profitability of your deals.

Just use it, please ↓ 
https://docs.google.com/spreadsheets/d/1Hn81eEjNvmb7sKr0kBAy9u5K7JRkLQlhxkE0gXLX0Fw/edit?usp=sharing

#2: USE LIMIT ORDERS

Isn't it obvious? Why bother checking prices daily on DEXScreener, CoinGecko, or Coinmarketcap when you can simply set up a limit order on a CEX/CLOB DEX and let it execute automatically?

I don't know.

#3: AVOID OVERTRADING MEMES / NARRATIVES

Allocate a specific percentage of your portfolio to memecoins, runes, or any other hyped narrative. 

Stick to the maximum allocation limit no matter how much your greedy soul is tempting you to exceed it.

#4: START USING DEBANK

@DeBankDeFi is a part of my daily grind of tracking changes in my portfolio, including passive yield pools.

It's just very convenient and very informative. 
Time machine can even partially replace a portfolio tracker.

#5: RE-ENTERING IS OK

When it comes to high-conviction plays, re-entering a position is perfectly acceptable and healthy. Just make sure it’s not your small greedy soul pushing you to buy more of that 1000x potential memecoin.

Re-entering = lower position entry.

#6: STOP CONSUMING 100x THREADS

Believe me as a seasoned content maker, 99% of threadooors who post '100x hidden gems' don't buy these coins themselves.

It's just engagement farming. 
There's no secret pill. 

#7: CALCULATE APR OF AIRDROPS

Many airdrops aren't a treasure trove of free money. 

They are akin to traditional DeFi yield pools with slightly higher APR, but the returns come in the form of airdropped tokens (but no one knows when these yields come to you).

https://twitter.com/stacy_muur/status/1776184133183566029

#8: CREATE DEXSCREENER WATCHLISTS

This is a great exercise for every degen.
Aping memes? Get yourself a watchlist with your plays and mark your entry and exit levels right on the chart. 

Planning to start aping? Use this thing as a demo trading.

#9: DIVERSIFY

Diversify everything: Chains you use, stables you hold, wallets you keep funds on. 

On Metamask alone, I have 6 different accounts, each with a specific purpose. 

PS: Just write down your wallet diversifications, I sometimes forget about wallets lol.

#10: STUDY RESEARCH

We are in an age where valuable insights from top-tier investors are readily available on the web, for free. 

While this research may not give 100x calls, it equips you with the knowledge of how and why investments work.

Just don't be lazy.

https://twitter.com/stacy_muur/status/1772203047135199344

Risk Management Checklist and Quick Tips

This Bitcoin halving has been unlike any other.

The first 60 blocks post-halving brought miners a new ATH of $54M in transaction fees alone.

The reason? Runes.

But will Runes ruin the expected post-halving Bitcoin ATH expectations?

In essence, Runes on Bitcoin are akin to ERC-20 tokens on Ethereum, mainly tailored for memecoins.

Degens gonna degen. 
The launch of Runes led to Bitcoin transaction fees hitting a historical all-time high, with an average of $127 paid per transaction yesterday.

But what is the realistic impact of Runes on the Bitcoin blockchain and miner rewards?

On Solana, the market cap of the memecoins tracked on @coingecko is $7.2B. On @dexscreener, Solana has ~$700M in 24h trading volume, and more than 50% of it is attributed to memecoins.

On @base, the market cap of memes is nearing $1.5B with a 24-hour trading volume of $384M, and about half of that is directed towards memecoins.

Ethereum fares better, primarily due to being the hub of DeFi altcoins.

In the coming weeks, and possibly months, Runes are expected to reach the peak of hype, much like Ordinals did a year ago.

Developers will likely seize this trend to introduce new Runes, some of which may yield significant returns, sparking increased greed and FOMO.

Miners will enjoy much higher returns as people keep aping and this... ruins the classic mining economy post-halving.

On April 13, when the block reward was 6.25 BTC, miners earned $387,500 per block.

On April 20, the reward is 3.125 BTC, or roughly $200,000.

Block rewards contribute only a portion of the revenue generated by miners. The other part comes from transaction fees.

In the past, transaction fees were not the primary source of income for miners. However, as of yesterday, this scenario has shifted.


Prior to the launch of Runes, about 80% of miner income came from block rewards, with only 20% from transaction fees.

Now, due to the increase in transaction activity and fees, miner profitability is LESS dependent on the BTC price and MORE dependent on the degen FOMO.

On one hand, the impact of the halving on Bitcoin's inflation rate continues, increasing the scarcity of $BTC.

On the other hand, Runes balance the effect of the halving on mining revenue, benefiting smaller mining operations and ultimately enhancing network security.

So theoretically, after the launch of Runes, mining will remain profitable and lucrative even if the Bitcoin price continues decreasing. 

Without taking Runes into consideration, @jpmorgan expected 
that post-halving the production cost would increase from $26,5K to ~$53K.

They anticipated a potential 20% decrease in the Bitcoin network's hashrate post-halving, which could further reduce the estimated production cost to $42K. 

However, the Runes reality is different, and this change has not been priced yet.

The only judge? Time.

The Impact of Runes on Bitcoin Halving

A few weeks back, @1kxnetwork released an insightful research report on the history of memecoins, current trends, and potential opportunities.

Is there a 2024 playbook for memes? 
Let's delve into it ↓ 

+ Bonus: A list of must-read studies on memecoins.

The first PoW memes emerged from the depths of Bitcointalk (OGs remember). They aimed to attract miners, but their actual value was limited, and only @litecoin has stood the test of time.

Then came the era of Reddit and 4Chan, with @dogecoin leading the way as a flagship meme.

Next came the ICO boom. That was when I truly began my Web3 career. It was a time of countless token launches, many of which lacked value.

One notable example was the Useless Ethereum Token, launched in June 2017. It humorously mocked the ICO frenzy and managed to raise 310 ETH.

Later, we experienced the DeFi summer and the NFT boom with Rare Pepes, expensive collectible socks, and numerous meme coin liquidity farms offering high APYs. We also saw a rise in dog memes inspired by the $DOGE trend.

And then came $PEPE, making memes great again.

Every cycle features various forms of memecoins, each with its unique manifestation. A new narrative →  A new meme riding it, be that AI, RWA, Bitcoin DeFi, or L2s.

Btw, wallets paying the most in @base fees potentially belong to trading bots engaged in memecoin trading.


Why do people love memes?
Here are several key factors:

• Memes have a low price (psychological allure).
• High volatility and millionaire legends.
• The culture of gambling and degening.

Here are some intriguing findings from another study conducted by @Chainplaygg:

• 51% of meme flippers spend <60 mins on research before investing.
• 55% rely solely on luck when making financial decisions.
• Scams and rugpulls dominate meme coin worries at 64%.

The key factors memecoin flippers take into consideration include:

• Meme virality / narrative
• Social and community activity
• Contract scanning
• Tokenomics, renounced ownership, locked LP

Although the first memes emerged on Bitcointalk, Reddit, and 4chan, Twitter is the new meme hub in 2024.

A recent study by researchers at Yeungnam University indicates that Twitter is now the primary source to boost the market capitalization and public visibility of memecoins.

This leads me to another thought.

When funds or KOLs profit, retail buyers suffer. 

Nowadays, many successful memes are not fair launched. 
They rely on shilling for their go-to-market strategy, with the cost of shilling being KOL allocations.

Check this chart from @pyorxyz ↓

In other words, if you're on the retail side, you have to spin the roulette twice: First, to choose a coin that doesn't exit scam right away, and then to sell before the team, KOLs, or funds take their profit.

Not even a binary option, imo.

As promised, here are a few excellent research reports on memecoins that are worth a read:

https://mirror.xyz/1kx.eth/RgbEQvn1vgfzrE6GDTwk3rrNYQmyuwVgejtR0-6okRc

https://chainplay.gg/blog/state-of-memecoin-2023/

https://www.researchgate.net/publication/377603881_Identifying_Networked_Patterns_in_Memecoin_Twitter_Accounts_Using_Exponential_Random_Graph_Modeling

And for more research, make sure to check my Notion with the most insightful reports from the industry leaders. 

Ape wisely!

https://twitter.com/stacy_muur/status/1772203047135199344

The Rise of Memecoins: A Look into the Past and Future

Getting ready for Q2 2024: The key events and catalysts on the horizon.

#1: Bitcoin Halving | April 17, 2024

While various forecasts exist regarding the halving, one undeniable fact is that the block rewards will reduce from 6.25 BTC to 3.125 BTC, halving the Bitcoin emission speed.

#2: @Stacks Nakamoto Upgrade | April 2024

The upcoming upgrade is set to introduce smart contracts to Bitcoin, along with a new token named sBTC. This token will be equivalent to 1 BTC and will function on the @Stacks chain as a representation of native BTC. 

#3: @eigenlayer full-width mainnet | Q2 2024

The successful launch of Ethereum Dencun has acted as a catalyst for numerous upgrades, one of which is the upcoming mainnet of Eigenlayer & Eigen DA. 

https://twitter.com/eigenlayer/status/1768269792149131396

#4: @fraxfinance: Fraxtal to integrate NEAR DA | Q2 2024

In a recent announcement, @fraxfinance revealed its partnership with @NEARProtocol. A key highlight of this collaboration is the upcoming integration of Near DA into Fraxtal, Frax's L2 platform.

https://twitter.com/samkazemian/status/1768334780456960118

#5: @arbitrum LTIPP | Q2 2024

The project team is gearing up to launch a Long-term Term Incentives Pilot Program for Arbitrum protocols, spanning 21 weeks. It's anticipated that dApps will commence receiving Arbitrum incentives as early as April.

Budget: $45.7M $ARB

#6: @Blast_L2 Airdrop | May 2024

Mark your calendars for the highly anticipated airdrop from Blast happening on this date. 

Similarly, @blur_io, the NFT marketplace from the creators of Blast plans to end their reward season for active users in May.

#7: @Balancer v3 | Q2 2024

In the upcoming release of Balancer v3, the focus will be on standardizing DeFi capabilities across various pool types and enhancing Balancer's functionalities to establish it as the foundational layer for AMMs.

#8: @Entanglefi Mainnet Launch | April 2024

Following their highly successful TGE with an impressive APR for token sale participants, Entangle is gearing up to launch its mainnet in April.

#9: Airdrop and TGE events in April 2024:

• @ThetanutsFi $NUTS
• @ether_fi $ETHFI
• @KaminoFinance $KMNO
• @ionet_official $IO

#10: The most anticipated airdrop and TGE events that might take place in Q2 2024:

• @eigenlayer $EIGEN
• @LayerZero_Labs $ZRO
• @zksync $ZKS
• @berachain $BERA

Hope you loved my summary!

If you know of any other events scheduled for Q2 2023 that have not been included in this list, please share them below.

And for more content, welcome to my Telegram fam ↓ 
https://t.me/muur_posts

Key Events and Catalysts for Q2 2024

You only use 15% of @etherscan's power.

Ready to level up your grind?
Discover Etherscan's hidden features ↓ 

#1: Ethereum Gas Tracker

To access the Ethereum gas tracker, go to "More" → "Gas Tracker" in the menu.

This tool helps you find the current prices of different on-chain actions and the transaction confirmation times based on gas price.

The page updates every 15 seconds.

#2: Similar contract search

This one is a must-use for all degens.
Planning to ape into a new token? Paste the contract address here to find similar contracts and check their histories.

To access: "Developers" → "Similar Contract Search"

Helps avoid many rugs, tbh.

#3: Code Reader

In the past, I constantly had to copy and paste code to make use of AI for contract reading. 

Fortunately, @etherscan now offers an AI Code Reader powered by OpenAI right in their terminal.

To access it: Navigate to "Developers" → "Code Reader".

#4: Top Tokens

How to find? Just select "Tokens" → "Top Tokens" in the menu bar.

Interestingly, Etherscan allows you to check the number of holders and the on-chain market cap in one place. It's really a nice feature.

And of course, sorting is available here. Enjoy.

#5: Gas usage statistics

Actually a very interesting metric to track after the Dencun upgrade. 

To find it: "Resources" → "Top Statistics" → "Network".

Similarly, you can track Hot Contracts.

#6: Ethereum Token Approval

This feature allows you to review and revoke your token approvals for any dApp. Actually, a must-use security feature for active DeFi users.

To access it: "More" → "Token Approvals".

What other hidden features of Etherscan ado you use? Let me know!

PS: Don't forget to join my Telegram community for more content and positive vibrations ↓

https://t.me/muur_posts

Unlocking Etherscan's Hidden Features

The strategy of bribing: How to be the first buyer of any token and achieve a high win rate ↓

After experimenting with different sniping setups for a while, I have developed the most efficient configuration and a framework that prevents me from being blacklisted.

This setup works flawlessly in 90% of cases, so let me show you how ↓

#1: Selecting Your Sniper Bot

I've tested numerous sniping bots, and currently, I prefer using @BananaGunBot for Ethereum.

In reality, the specific sniper app you choose isn't crucial; what truly counts are the settings you configure.

#2: Settings

The key aspect of setting up a sniper is the Auto Snipe Tip (Bribing).

In this guide, I will demonstrate using screenshots from BananaGun, but similar features can be found in other sniper tools, though they may have different names.

By default, the Auto Snipe Tip is set at 0.01 ETH (~$28 at the current price), which is the standard bribe that most snipers use. Actually, this amount often leads to them missing out on being the first to snipe.

In reality, the higher the incentive you offer, the greater your chances of securing the first purchase.

The ideal incentive to set depends on three factors:
• Your buying amount
• Your target exit
• The hype surrounding a particular token

Let me illustrate this with an example.

• You're buying for 0.5 $ETH.
• Your target exit is x2 from your initial investment that includes gas and bribes.
• You assume that the token will have at least 300 buyers on Day 1.

How much should you bribe?
Up to 0.25 $ETH I'd say.

Understanding the demand before launching a token is crucial.

I've noticed a correlation when analyzing the most successful sniping trades ↓

• On day 1, if the average trading volume is $1 million on Ethereum, there're around 50 snipers and approximately 300 unique buyers. This number increases on Arbitrum and BNB Chain due to the smaller average trade per user.

• ~20-30% of snipers pre-approve their trades. Therefore, if there's a gap between contract creation and the start of trading, you can estimate the number of snipers in advance.

• On Ethereum, the average trade per user is $300, with this figure increasing as the pair matures.

• If the initial liquidity is 1 ETH (~$6K in initial market cap), and 50 sniper traders inject $15,000 into the liquidity pool, it could potentially result in a 5x surge in price.

Note that these numbers are average, and there's always a risk that the actual situation may vary.

The amount of the bribe will largely depend on the number of snipers attempting to snipe a specific token. While many may use the default sniping settings (0.01 ETH), to increase your chances of success, you need to be one of the first three.

Considering the scenario I've outlined earlier with 50 snipers (not an overly hyped token, but one that has built a community and received attention on Twitter), the ideal bribe would be approximately 0.1 ETH for a trade amounting to 0.3 ETH or higher.

#3: Tokens to Snipe

This is arguably the most challenging part.

Ideally, you should only snipe tokens that release their contracts at least an hour before creating a token pair and activating trading.

First, this gives you you time to analyze the contract thoroughly.

Simply copy the contract code into ChatGPT and ask it to explain the code in simple terms. Also, request it to highlight functions that could affect your ability to trade this token.

If you come across blacklists, trading cooldowns, or open whitelists (meaning that the contract owner can whitelist any address and set its trading tax to 100%), run away.

Note: Sometimes, whitelists are fine (i.e., team addresses have special rights/bonuses).

When it comes to sniping, it's far more effective to focus on sniping 1-2 tokens per week after conducting thorough research, rather than blindly aping into every new coin in hopes of making gains.

If you're following groups that feed new smart contracts, just ignore them.

Let me share an example of a token I personally plan to snipe this week. It's called $GEM by @stackset_ and here are the main reasons it's worth a trade:

• Token contract will be dropped before the liquidity is added on Feb 20th
• The team's investing in marketing

• Full transparency in terms of token functions
• Renounced ownership, locked liquidity
• 100% of the supply added to the liquidity pool
• Fair launch model with a low initial market cap
• Aims to become a memecoin factory with extended yield options for traders

I will not go too much into detail on the product side, DYOR here @stackset_.

The important part here is that the chance that you as a sniper will face some issues is very low. Nevertheless, analyze the contract when it's live, the release is planned for Feb 20th.

If you found this thread insightful, I would appreciate it if you joined my Telegram channel where I share more research: https://t.me/muur_posts

Enjoy the weekend, everyone!

Mastering Token Sniping: The Strategy of Bribing

Early $SAVM snipers were able to earn millions of dollars in less than 12 hours.

How did they manage to snipe before anyone else?

Full analysis & sniping guide ↓

Sniper #1: 0x278963bBa08C130d3f07c191A388aca86b5313Ca

• Gas paid: 0.0046 ETH (26 Gwei)
• Sniper: @BananaGunBot
• Bribe: 141 ETH
• Bought for $332K
• Sold for $591K

Sniper #2: 0x957E4082C6798Db29F6b1055f48395215EA4A141

• Gas paid: 0.0039 ETH ($9.82)
• Sniper: @BananaGunBot
• Bribe: 121 ETH
• Bought for $220K
• Sold for $1.5M (30 transactions)

Sniper #3: 0x8C7cB7DBdD5792B731b95d3d8a2419969C90AE7d

• Gas paid: 0.0039 ETH ($9.85)
• Sniper: @BananaGunBot
• Bribe: 11 ETH
• Bought for $46K
• Sold for $167K (30 transactions)

Sniper #4: 0xc0FFEE6554B7aE6Ad959a205A7Ef476f01d07828

• Gas paid: 0.0039 ETH ($9.80)
• Sniper: @BananaGunBot
• Bribe: 2 ETH
• Bought for $12K
• Sold for $60K

Sniper #5: 0x42be7c6bCEd412A107094d4D047735DdA951964b

• Gas paid: 0.0039 ETH ($9.82)
• Sniper: @BananaGunBot
• Bribe: 0.5 ETH
• Bought for $1,200
• Sold for $3,500

After the first few snipes with super high bribes (I will explain them a bit later), we have several transactions with the same transaction amount, most likely initiated by the team.

Each of them included a 0.2 ETH bribe and used Banana Gun.

Now, wtf are these "bribes".

Bribes refer to auto snipe tips that are additional ETH paid to the block builder.

On Banana Gun, all bribes go to beaverbuild (0x95222290DD7278Aa3Ddd389Cc1E1d165CC4BAfe5).
You can easily find them on Etherscan.

The $SAVM case is highly controversial.

Upon closer examination of the list of top $SAVM traders on DexScreener, it becomes apparent that they fall into two categories:

• Early snipers with sky-high bribes,
• Influencers/internal agents who obtained the tokens without buying.

If you're feeling down about missing out on easy millions of dollars, think again.

Can you afford to bribe thousands of dollars or receive allocations for a couple of tweets?

If not, $SAVM has never been your lucky ticket.

However, I believe that this thread will provide you with a better understanding of the principles of successful sniping and the underlying logic of this game.

Now you know what to do for next time.

For more insights, feel free to join my TG channel ↓

https://t.me/muur_posts

Early $SAVM Snipers: Million-Dollar Earnings in Hours

Enhance your research with a VC-grade evaluation framework.

Discover the four crucial factors that drive startup success in Web3 ↓

Four main pillars of success:

• Product-market fit (PMF): Building a product that meets a strong market demand.
• Cultivating a strong community.
• Implementing sustainable tokenomics.
• Timing it right: Launching the protocol and token in a suitable market.

Arguably the cornerstone of protocol success in Web3, Product-market fit (PMF) refers to developing a product that resonates profoundly with market demand.

It encompasses several key indicators:
• High market demand signifying the product's necessity

• Consistent user retention reflecting ongoing value
• Organic growth through word-of-mouth
• Sales ease indicating a compelling value proposition
• Positive market feedback leading to manageable improvements
• Scalable delivery maintaining quality

• Profitability with a clear pathway
• And a distinctive competitive advantage.

An exemplar in this domain is Friend Tech, which brilliantly captured its niche.

By offering opinion leaders a platform to compete and earn, it propelled an organic, cost-effective Twitter campaign, underlining the essence of PMF.

Another example is Blast, love it or not, with already 355K+ bridged.

Such cases, however, are rare exceptions.

Often, new protocols aim too broadly or mimic existing models without a distinct PMF.

The key lies in pioneering a sector or improving established players' offerings, targeting specific unmet needs within a niche user base.

Typically, each industry has 3-5 prominent protocols that are either deployed within different networks (such as Opensea and Magic Eden) or offer distincy user experiences and feature sets (like dYdX and GMX).

Once an industry is established and the dominant players are determined, capturing a significant market share becomes incredibly challenging.

Becoming a leader within a blockchain ecosystem? It's possible, unless the current market leaders decide to scale in the same direction.

Conquering a narrower niche and tailoring the product for a specific user segment (like Penpie's relation to Pendle)?

Way better.

However, most protocols that launch have much bigger ambitions.

Let's summarize the product-market fit part.

A project has a high chance of success if:

• They are pioneers in an industry or one of the first players to release a strong product in a specific sector.

• Rather than aiming for a large market share in a big industry, they focus on improving upon the offerings of established market players (LSTfi, Yield Vaults).

• They target a niche user base with unmet demands.

Now, let's delve into marketing and community building.

Effective marketing and community engagement are pivotal. However, these efforts yield only short-term gains if the product lacks novelty or long-term appeal.

The key lies in strategic incentive programs, active social media campaigns, and unique events like tournaments and contests. When combined with a distinctive product, these tactics can significantly enhance user retention and create a loyal, active community.

Here are some key things to watch:

• Incentive programs aimed at attracting new audiences and enhancing retention within the existing community.

• Ongoing awareness campaigns on Twitter, establishing long-term partnerships with bloggers, and implementing ambassador campaigns.

• Regular retention events such as tournaments, bounty hunts, and creative contests.

• Short-term vampire campaigns that target a competitor's audience.

All of these tactics work best when the protocol offers something truly distinctive.

What's next? Tokenomics.

In Web3, not every service necessitates a token.

Tokens should be more than fundraising tools; they must offer real value, like governance or actual yield. A poorly conceived token can be detrimental, leading to user loss and negative sentiment.

Successful tokenomics require thoughtful design, ensuring the token adds real competitive advantage and aligns with the protocol's core functions.

A poorly designed token has the power to ruin everything.

And finally, let's talk about timing.

Timing is critical in the Web3 space.

Building during bear markets and launching marketing efforts during bull markets is a golden rule.

Many protocols fail by mismanaging this aspect, either by prematurely launching token sales or slowing down development.

The key to success is rapid development, strategic launch timing, and a robust funding strategy.

I hope this post has provided you with some valuable insights and helped you identify key elements to consider when evaluating a new protocol.

If you would like me to provide a more in-depth explanation of any specific aspect, pls let me know!

https://t.me/muur_posts