Building the Perfect Crypto Ecosystem in 2024 | Keone & Smokeythebera
Empire
Navigating Token Dynamics and Project Success
This chapter explores the intricacies of token dynamics in cryptocurrency, focusing on how project success influences token value. It highlights the importance of effective vesting structures and strategic token distribution to foster genuine user engagement over speculative trading.
In this episode, we dive deep into the world of Layer 1 ecosystems with the founders of Monad and Berachain. The conversation explores the intricacies of community building, brand development, and the challenges of attracting developers. Keone and Smokey share their strategies for ecosystem growth, discuss the importance of interoperability, and offer their vision for the future of decentralized applications. To close out we discuss the role of tokens in project development and the delicate balance between technical innovation and user adoption. Thanks for tuning in!
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Timestamps:
(00:00) Introduction
(02:19) Community & Culture of L1s
(09:55) Ecosystem Exclusivity
(13:33) Risk of Mercenary Devs
(21:21) Founder Brand Building
(27:51) Advice to App Builders
(32:49) Differentiation in L1 Space
(38:18) Crypto BD Today
(46:09) Stellar Ad
(47:00) Invisible North Ad
(47:54) MyPrize
(48:31) Harpie Ad
(49:45) Future of Eco Apps
(58:28) Role of Interop
(01:03:12) What is App Success?
(01:07:28) Monad & Berachain Competitors
(01:19:28) Price & Tokens
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
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