73 Days in DeFi 🧵
The first impression I got was: EASY!
My background is web2: web marketing, business management, software creation, lead generation.
There the degens are the network marketers, they sell supplements but they tell you about the millions.
let's begin... (1/N)
The first impression I got was: EASY!
My background is web2: web marketing, business management, software creation, lead generation.
There the degens are the network marketers, they sell supplements but they tell you about the millions.
let's begin... (1/N)
https://twitter.com/Walt_Crypto/status/1455175459679965185
WEB2
I started on the web by downloading themi of wordpress for free, instead of paying for them, and selling websites for $ 500, I was 19 years old.
After 3 years I started paying for themes, because my clients have become companies and a little caution in security...
2/N
I started on the web by downloading themi of wordpress for free, instead of paying for them, and selling websites for $ 500, I was 19 years old.
After 3 years I started paying for themes, because my clients have become companies and a little caution in security...
2/N
...doesn't hurt. I paid $ 30 for a theme, $ 100 for hosting, and sold the site for $ 2000
In 2018 I met a networker, who needed a CRM management software from his sales network, I asked him for $ 50,000 and he accepted.
3/N
In 2018 I met a networker, who needed a CRM management software from his sales network, I asked him for $ 50,000 and he accepted.
3/N
So on Themeforest I bought:
- $ 50 theme
- Plugin 80 $
- Hosting $ 100
In a week I had finished, but I gave it to him after a month, to make him believe that I worked so hard.
4/N
- $ 50 theme
- Plugin 80 $
- Hosting $ 100
In a week I had finished, but I gave it to him after a month, to make him believe that I worked so hard.
4/N
I helped him with the marketing and his business generated $ 3M in just a few months.
To keep the management system up and running, he paid me $ 20,000 a month.
I am still able to do it, this market is not saturated, but a profitable niche.
5/N
To keep the management system up and running, he paid me $ 20,000 a month.
I am still able to do it, this market is not saturated, but a profitable niche.
5/N
If I fail in web3 I can go back to web2.
Moral of the story: people pay what they "think" is the right value, the difference between the real cost and the price the customer pays is your "profit".
6/N
Moral of the story: people pay what they "think" is the right value, the difference between the real cost and the price the customer pays is your "profit".
6/N
WEB3
I'll spare you the story of how I got into crypto. The same as everyone.
I never thought about creating projects, because I didn't feel the need, but I immediately understood the potential.
In web2 you need days to set up a payment system, ask for authorization...
7/N
I'll spare you the story of how I got into crypto. The same as everyone.
I never thought about creating projects, because I didn't feel the need, but I immediately understood the potential.
In web2 you need days to set up a payment system, ask for authorization...
7/N
... from a credit card provider, download documents, sign them, send them back, wait, and have limits on transactions.
On web3, you are logistically operational in an hour, 5 minutes to set up the wallet and 55 minutes to find a safe place in your home to hide hardwallet.
8/N
On web3, you are logistically operational in an hour, 5 minutes to set up the wallet and 55 minutes to find a safe place in your home to hide hardwallet.
8/N
I have mostly been trading, addictive personality.
If I was holding I was already a millionaire last year, with cardano & shitcoins. People pay an exaggerated price for these tokens. They "believe" that the technology being sold to them is worth the price. We are so early.
9/N
If I was holding I was already a millionaire last year, with cardano & shitcoins. People pay an exaggerated price for these tokens. They "believe" that the technology being sold to them is worth the price. We are so early.
9/N
Only this year has the flame of passion rekindled, the same one I had as a kid when I discovered web marketing:
- the only gain you have is the value you offer to the reference community.
- believe in yourself because you are capable, build and you will be praised.
10/N
- the only gain you have is the value you offer to the reference community.
- believe in yourself because you are capable, build and you will be praised.
10/N
What is the talent I offer on the web3?
Architect of Ponziconomics.
In web2 I created systems by combining several parts, to the customer I presented only 1 product as a solution to his only desire. But in reality this product does not exist and I am not a programmer,...
11/N
Architect of Ponziconomics.
In web2 I created systems by combining several parts, to the customer I presented only 1 product as a solution to his only desire. But in reality this product does not exist and I am not a programmer,...
11/N
... so my ability to put together several parts and make them work alone, distinguished me from all the others.
In web3 my talent is to understand how DeFi works and merge protocols and make them fit together, fork, copy, innovate them, etc, without anyone's permission!
12/N
In web3 my talent is to understand how DeFi works and merge protocols and make them fit together, fork, copy, innovate them, etc, without anyone's permission!
12/N
But in DeFi, success is not possible without the contribution of the community!
13/N
13/N
WEB COMMUNITY3
I recently created Frog Nation DAO community with the sole purpose of
1) understand "what my customer wants", I cannot invent a product that everyone likes.
2) find the resources to build the product. I mean the talented programmers, moderators,...
14/N
I recently created Frog Nation DAO community with the sole purpose of
1) understand "what my customer wants", I cannot invent a product that everyone likes.
2) find the resources to build the product. I mean the talented programmers, moderators,...
14/N
...community manages, meme creators and anyone who is eager to see their own community evolve and succeed.
But what do you need first of all to create a product? Money, enough for the "workers" to seem good.
This is why the NFTs project was born, to finance the...
15/N
But what do you need first of all to create a product? Money, enough for the "workers" to seem good.
This is why the NFTs project was born, to finance the...
15/N
..."research and development of the product that the community wants".
I spent $ 10,000 dollars to pay for artists and devs. In return I pocketed $ 120,000 as a team allocation + $ 260,000 as community treasury (in sSpell, if the price goes good, if it goes down rekt).
16/N
I spent $ 10,000 dollars to pay for artists and devs. In return I pocketed $ 120,000 as a team allocation + $ 260,000 as community treasury (in sSpell, if the price goes good, if it goes down rekt).
16/N
Many dream of creating a business but do not know how to finance their dreams, they forget that project 1 is your dream, but you have to create a project 0 to create the funds.
Yes, the first impression I got of DeFi is: EASY!
17/N
Yes, the first impression I got of DeFi is: EASY!
17/N
Currently paid salary to 2 devs who produced unusable smart contracts, this teaches me that 1 dev alone costs at least double the average 1, 10 if you want to create a serious protocol.
Programmers are an invaluable resource, but programmers don't know what to "write"!
18/N
Programmers are an invaluable resource, but programmers don't know what to "write"!
18/N
This is my talent on the web3: to offer the community products that they have made me realize they want.
I consider DeFi to be one big community I love everyone. If I didn't love you I wouldn't be here yet.
19/N
I consider DeFi to be one big community I love everyone. If I didn't love you I wouldn't be here yet.
19/N
TRADING
I conclude by saying that I will no longer publish charts because things are changing. In my mind the addiction has lessened. I no longer feel thrilled to see my $ 200K wallet dump in seconds, or pump.
When it pump I never take profits, I fall in love...
20/N
I conclude by saying that I will no longer publish charts because things are changing. In my mind the addiction has lessened. I no longer feel thrilled to see my $ 200K wallet dump in seconds, or pump.
When it pump I never take profits, I fall in love...
20/N
...with the project and I want it to go to the moon.
There are people, moms and dads, teenagers, whales and goldfish. Those red and green dashes are a story in the graph. This story can be a simple rug, where a hacked and a group of greedy traders meet.
21/N
There are people, moms and dads, teenagers, whales and goldfish. Those red and green dashes are a story in the graph. This story can be a simple rug, where a hacked and a group of greedy traders meet.
21/N
Or it is the story of a team that has spent sleepless months and finally deploy its smart contract, together with its community.
Those who follow me don't need to see me talk about prices, honestly they never needed it. Who started following me was for the memes.
22/N
Those who follow me don't need to see me talk about prices, honestly they never needed it. Who started following me was for the memes.
22/N
#FROGNATION PROJECTS
- Frog NFTs (done and live)
- Frog Stablecoin (2 weeks)
- The Pond DAO (Ohm fork 2-3 weeks)
- veNFTs (new idea)
If you have read everything and are happy to leave a comment, I have time.
23/END
- Frog NFTs (done and live)
- Frog Stablecoin (2 weeks)
- The Pond DAO (Ohm fork 2-3 weeks)
- veNFTs (new idea)
If you have read everything and are happy to leave a comment, I have time.
23/END
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