How do individuals become wasteful?

Firstly, through laziness.

Secondly, by indulging in procrastination.

Thirdly, due to poor self-control.

Fourthly, through mental exhaustion and internal conflict.

Fifthly, by becoming enamored with superficial allure.

Sixthly, by ceasing intellectual growth and learning.

Seventhly, by feigning progress and effort.

Eighthly, by solely desiring to avoid tasks.

Ninthly, by fixating on trivial matters and neglecting significant choices.

Tenthly, by remaining in the comfort zone and fearing new experiences.

#PersonalDevelopment #SelfImprovement #OvercomingProcrastination #GrowthMindset

The era of exploiting TVL and maximizing rewards through minimal investment might be on the horizon. Authentic interactions with individual real-name accounts may outweigh those with mere exploiters.

Transaction fees and income contributions are likely to be the primary beneficiaries of airdrops. Exploiting mechanisms will revert to their essence: small-scale investors who engage genuinely will see higher returns, while those with larger capital will experience diminished rewards.

Furthermore, the influence of TVL is expected to wane. The proportion of TVL on major exchanges will decrease, and those who rely solely on exploitation will ultimately only secure returns from USDT-based financial products.

#DeFi #CryptoRewards #Airdrop #TVL

If we consider that the impediment is merely “processing only 7 transactions per minute, with a 10-minute wait between status transitions,” I would argue that the issue is not significant. The exorbitant costs might find their place within specific use cases, thereby serving as a threshold rather than a deterrent.

For instance, in the traditional realm of contract execution, judicial resolution may span from several months to years, with expenses reaching tens or even hundreds of thousands. By comparison, execution times measured in minutes seem relatively insignificant.

#Blockchain #Technology #Contracts #Efficiency #Costs

Lately, numerous friends are contemplating launching user-base-intensive products via Telegram. I must interject with a sobering perspective.

In the current traditional internet industry, a product needs at least a million users to survive, unless it can monetize from the outset. This reality hasn’t fundamentally changed in Web3.

Although Telegram indeed facilitates rapid user expansion, the quality of users is a well-known concern. If you’re aiming to attract venture capitalists or centralized exchanges, understand that in their eyes, your effective user count might be discounted by a factor of 10 or even 100. This means you’ll need tens of millions or even over a hundred million Telegram users to make a significant impression.

For those intending to generate cash flow, it’s even less feasible. Users who freeload won’t contribute a cent to your revenue. Furthermore, Telegram’s lack of user profiling capabilities eliminates the possibility of leveraging high-traffic for ad revenue.

Another issue is the increasingly fickle nature of freeloaders. The market currently estimates thousands of Telegram crypto projects. Without substantial backing, users will abandon ship after a few days if they don’t receive airdrops, unlike certain projects that manage to keep users engaged with mere point-based incentives.

If, in the end, you only manage to accumulate a few million Telegram users, the result will be little more than a personal achievement with no substantial benefit.

In conclusion, unless you have significant financial resources and connections to rally a host of key opinion leaders to support your project, or you already have a deal with an exchange, or you’re an internal Telegram team venturing into this space, it’s probably best to reconsider and rest on this idea. Seriously.

#Web3 #Telegram #Crypto #StartupReality #UserAcquisition #VentureCapital #FreemiumChallenges

Here are the premier 15 NFT/Ordinals collections ranked by market capitalization:

Cryptopunks (ETH): $1.6 billion USD

Nodemonkes (BTC): $453 million USD

BAYC (ETH): $447 million USD

Pudgy Penguins (ETH): $403 million USD

Runestone (BTC): $304 million USD

Mad Lads (SOL): $259 million USD

Bitcoin Puppets (BTC): $158 million USD

MAYC (ETH): $155 million USD

Azuki (ETH): $142 million USD

Ordinal Maxi Biz (BTC): $124 million USD

Captainz (ETH): $123 million USD

Mocaverse (ETH): $119 million USD

Milady (ETH): $118 million USD

RSIC MP (BTC): $92 million USD

LilPudgys (ETH): $82 million USD

In summary, nine of these collections are based on Ethereum, five are on Bitcoin, and Mad Lads represents the sole Solana NFT collection within the top 15.

#NFT #Cryptocurrency #MarketCap #ETH #BTC #SOL

Human energy is finite; one should not attempt to reap profits from every possible avenue. The grass always seems greener on the other side. In the realm of Web3, wealth accumulation follows a cyclical pattern. With sufficient diligence in a particular domain, eventually, success will come to you.

This phenomenon is especially apparent in areas such as airdrops and the nascent cryptocurrency projects on the blockchain. One can toil in obscurity for a year and then suddenly achieve prominence, while another might experience a meteoric rise overnight.

If you believe that all of this is purely a matter of luck, that is also a valid perspective, as indeed, there are always a few individuals who have stumbled upon fortuitous circumstances.

Let us strive together.

#Web3 #Cryptocurrency #Airdrops #Blockchain #Success #Diligence #Luck