Jev_bh
Power Member
- Dec 14, 2022
- 525
- 90
You're welcome.
For me, I have created ERC-20 and BEP-20 tokens. Also, I had a token on the Polygon Layer 2 blockchain. One was a slight success for some time. The others were flops. I've also been an administrator with several other tokens with cool projects behind them.
I'd only do it that way because I saw how much money I was wasting with people that ultimately should not have been trusted, regardless of how trustworthy they seem. There were some very tough lessons learned, but I did learn them. I feel that the next go I make at it, things may very likely be much different.
I'd say it'd be wise to go in with rather deep pockets, knowing that there will just be those times where you'll find yourself getting scammed. It's inevitable. Also by now, I've made some pretty solid connections through all my trial and error, and I feel we'd be able to hit the ground running, but in doing so, we'd need investment money.
If I had to do it all again, there are many things I'd do differently. For starters, I've already done the hardest part, which is meeting people. When I first started, I had nobody. Absofreakin'-lutely NOBODY! ..and it was HELL.
That's one thing that would be different -- I know have a small circle of friends I can trust to help push it forward. To me, that's the hardest part.
Another thing I'd do differently, is setup a far more powerful pre-launch. I'm talking, months in advance. 3 or 4 months. And during that time, I'd go really hard on marketing. Smart marketing. I'd make sure to have a full set of professionally designed Telegram stickers, during this time.
However, prior to that time (probably a year or so beforehand), I'd build a crypto website and do all in my power to get it ranked in the most blackhat ways imaginable, to start things off.
YOU WILL KNOW MY WEBSITE LONG BEFORE YOU EVER KNOW I HAVE A CRYPTOCURRENCY IN THE WORKS.
I would hire virtual assistants to be in the chat 24/7.
I'd have chats in multiple languages with hired virtual assistants to man those chats.
I would NOT use any scripts to pull people into the chats. I know they sound so appealing to have thousands and tens of thousands of people in the chat to inflate the numbers (and yes, I know these are mostly real people), but it's not worth the headache AND they take up precious space and may not even be aware of the fact that they're in the chat.
There are tons of things I'd do differently, to be honest. Like I said... Lessons learned.
Now you don't "NEED" a budget like that to launch a crypto. However, you're already going to be wearing so many hats. Being able to outsource things will take some burdens off of you.
I'd also hire a project manager. That's a massive hat that I don't want to have to wear, in addition to all the other hats I'd already be wearing.
Sorr I have taken some time to get back to you. Work can defiantly make time fly sometimes! However, I wanted to get back to you properly when I had the time to reply, as I have to say its rather amazing you have been on this journey!
I have a few business friends in which are either exploring this area but had success in other areas in the past or done small projects and seen a good bit of tractions. I would be keen to have a chat with yourself and maybe set up something and have a chat in person/over the phone or something if you fancy that let me know? I worked in finance a long time and been around capital funding a long while, which I can go into detail a bit more outside of BHW. I PM you my details or something.I'd say it'd be wise to go in with rather deep pockets, knowing that there will just be those times where you'll find yourself getting scammed. It's inevitable. Also by now, I've made some pretty solid connections through all my trial and error, and I feel we'd be able to hit the ground running, but in doing so, we'd need investment money.
I think marketing seems the pinnacle to most business models in finance for sure. The ones I have seen blew up always had very good marketing and that is for lots of different products I have seen over time. Your right as well, there's a lot of guys out there just marking everything up and your paying over the odds for services and if its not that, then its being over promised and under delivering. As the saying goes "you have to kiss a few frogs before you find a princess"!That's one thing that would be different -- I know have a small circle of friends I can trust to help push it forward. To me, that's the hardest part.
Another thing I'd do differently, is setup a far more powerful pre-launch. I'm talking, months in advance. 3 or 4 months. And during that time, I'd go really hard on marketing. Smart marketing. I'd make sure to have a full set of professionally designed Telegram stickers, during this time.
However, prior to that time (probably a year or so beforehand), I'd build a crypto website and do all in my power to get it ranked in the most blackhat ways imaginable, to start things off.
YOU WILL KNOW MY WEBSITE LONG BEFORE YOU EVER KNOW I HAVE A CRYPTOCURRENCY IN THE WORKS.
Good thing is you are in a position now to get things done for sure. I noticed a lot of off-page SEO is a must and is a key part in marketing. Do you have any tips around SEO, guest blog sites etc... Using traffic into a website to entice sign ups to grow the user base is the area of study I need to understand before I make any investment in these projects for sure. Any tips here would be great!