A word to the wise for any projects and new crypto founders launching a token on @AbstractChain, build a community or product first. 
💚❇️

Community Building: 

In the early days of crypto, during the ICO boom of 2017, many projects launched tokens with little more than a whitepaper. The aftermath saw numerous scams and failures, leading to a shift in strategy. Building a community first establishes trust, provides feedback loops for product development, and ensures there's an audience for the token. It's about creating a base of loyal supporters who believe in the project's vision  and team, not just the potential financial gain. Study the @pudgypenguins @Azuki @BoredApeYC for examples

Product Development:

Launching a token without a product or at least a working prototype is usually a red flag, or at least it should be imho. Investors and users have learned to look for substance over hype. By focusing on product first, projects can prove utility, which in turn justifies the token's existence. This approach helps in avoiding the pitfalls of the ICO era where tokens were often launched to fund non-existent products. Study @AndreCronjeTech @StaniKulechov @SergeyNazarov and @haydenzadams' work. 

Monetization Strategy: 

The logic of "build first, monetize second" stems from lessons learned. Projects need to show they can deliver before asking for financial support through token sales. This not only mitigates risk for investors but also aligns incentives towards long-term success and retention rather than short-term fundraising. 

This is the long-term blueprint to win in the @Abstract_Eco 🐧🧩💚❇️✌️

Ps. If you read this far thank you, please leave a comment below!