What other lessons could these new projects latch on? What should new crypto firms/Projects learn from this turbulent Crypto season?

It’s as though each new week unveils another insolvent or poorly patched up crypto firm out there. The episodes of failing/failed crypto firms we have witnessed in the past weeks have been really crazy.

Celsius, 3AC, BlockFi and the list goes on and on. Companies everyone thought were in good shape suddenly cave under the test of the market. But while this is happening, I’m certain investors are becoming more aware of how to safeguard their funds.

One critical angle to this however are new projects just finding their path into the industry. Examples are Chronoly which is into NFT wrist watches and Tol token which is for a forthcoming messenger app. While we could blanket every new project as being destined to fail like many others, I believe there are a couple of lessons that could be taken from those failed companies.

This would help new projects become more stable and efficient. For DeFi platforms, cutting down on extremely high APYs could be a major lesson to pick.

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4 thoughts on “What other lessons could these new projects latch on? What should new crypto firms/Projects learn from this turbulent Crypto season?”

  1. Regarding DeFi protocols and high APYs, it’s normal that the yield have to come down, it’s offer and demand 101, or they’ll blow up in two seconds! LUNA + UST + Ancho was the proof! Maybe synthetic staking as DAFI suggests is the solution the we are looking for… or maybe not… we are very early and every single project is an experiement!

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  2. I believe the key lesson to learn from most of these crypto firms and projects folding up is to always prepare for the worst, some of them were too relax and probably thought we’d stay in the bull market for a long time without making bear market plans.

    You mentioned Tol, is it going to be a decentralized messenger just like Sylo?

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  3. TOL sounds somethins similar to Sylo, just that Sylo is with us since 2017, and its app you own the pvt key, send NFT’s, and msgs+video calls, as well as you can send money to friends in contacts, but it’s gateway towards decentralization is a bit to complicated I would say, that is the reason I switched to Kadena, and Kaddex because I believe they will have better solutions with Flux for running a node.

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