Complexity can be impressive, but simplicity can lead to innovative thinking & better decisions. Don't fall prey to complexity bias. Remember, it's a moving target - not all complexity needs to be eradicated from our lives.
1/ After 6 launches on @BHeroLaunchpad, we observed that the actual Levelling system where both time and staking quantity matters is over too complicated for most of the new users.
2/ We did our best to explain it in a very simple manner by designing bhero.com/my-bhero and building an all-in-one level calculator as well. Is not working as expected for the new users coming specifically in the ecosystem just to participate for a launch.
3/ The web3 user attention span is around 8 seconds. In just 8s a new user needs to understand how the level system is working and to decide if is onboarding or not. That's not helpful at all for a complex system.
4/ Taking this in consideration we started to design a more simpler approach that will be by far more simpler and in the same time will put BHAT in a better light on the mid-long term.
5/ What's the first question a new user puts on our groups? How to get at level1 on BHero now? If we cannot offer a 8s response, we just lost a new user. If that user cannot understand the response in 8s, again ..we just lost a new user.
6/ So what to expect in the next period? (1)
a) The current levels system will still be used but only for the next launch
b) Right after that a new system will be released
c) More demand for #BHAT
d) The new system will be fully decentralized using SCs for points storage
7/ What to expect in the next period? (2)
e) New products released in Q2-Q3 2023 coupled with the new points system
f) Simplicity & bootstrapped adoption similar to top 5 Launchpads in the web3 ecosystem
g) Staking and BHero systems will be 2 different products ⤵️
8/ Staking is about rewards & flexibility.
Launchpad is about skin in the game & participation on the long term.
The only constant in life is change. We need to adapt if we want more reliability, adoption, simplicity and easily onboarding new cross-chain users.
Which are the key differences and similarities between @TrustWallet and @xPortalApp in terms of security, features set, ease of use and social impact in the 🧵below. Enjoy 🫡
1/10 @xPortalApp from #MultiversX blockchain is a new mobile application that allows you to manage your digital assets, including ESDT tokens, Ethereum and Bitcoin coins. The app provides a secure and user-friendly experience for managing your assets.
2/10 @xPortalApp utilizes advanced security measures, such as secure memory storage and sw accelerated encryption, to protect your private keys. This means that only you have access to your funds, and they are kept secure even in the event of your device being lost or stolen.