Summary:
In this video, the speaker discusses the importance of focusing on actual business building strategies in the cryptocurrency space rather than solely on token price fluctuations. He highlights the example of LeoFinance's goal to attract 2500 monthly active users as a measure of success in the crypto world. The speaker emphasizes the significance of building a solid user base, community engagement, and offering value to the project. He also mentions other successful projects like Splinterlands and various initiatives within the LeoFinance ecosystem, such as community pages and upcoming projects like Project Blank.
Detailed Article:
The speaker delves into his critique of the prevalent behavior in the cryptocurrency sphere where the focus is primarily on token price movements rather than actual business growth strategies. He praises LeoFinance for aiming to increase their monthly active users to 2500, considering this metric a more substantial measure of success compared to token price. This shift in focus towards user growth and community building is seen as a positive step in the right direction within the crypto industry.
He draws parallels to traditional business principles, stressing the importance of sales and customer acquisition in any venture. By highlighting LeoFinance's approach of prioritizing user engagement and traffic generation, the speaker advocates for a more business-oriented mindset in the crypto space.
The discussion expands to acknowledge the success of projects like Splinterlands, a Hive-based initiative that experienced growth by attracting a significant number of users. This success story serves as inspiration for LeoFinance's strategic approach to building a strong user base.
Furthermore, the speaker mentions other projects under the LeoFinance ecosystem, such as HiveStats, Cub Finance, and PolyCub, emphasizing the holistic growth and development strategy being employed. The mention of upcoming projects like Project Blank, a microblogging application that may integrate with Twitter, highlights the continuous innovation and expansion within the LeoFinance ecosystem.
In conclusion, the speaker encourages listeners to focus on the development and growth of projects during bear markets, emphasizing that sustainable success in the crypto space comes from genuine business building efforts rather than short-term token price fluctuations. By emphasizing user engagement, community outreach, and offering valuable services and options, the speaker paints a picture of a comprehensive and sustainable approach to cryptocurrency project development.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.