@borovan has set his sights on his next target: after taking over ICPCC, Boom DAO, and Sonic, he’s now aiming to take over Taggr. What does he plan to do with Taggr? Shutdown Taggr?
Doubtful but if true, it’s the best news ever for TAGGR because the devs are clueless to how to run a business but they have an excellent product. They should have gone the SNS route instead of the internal DAO they did. BIG MISTAKE.
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Considering the state of the SNS, it was the best decision ever. Taggr is probably the only real functioning DAO on IC. No official team, no funds raised. Who was going to be the appointed as a dev team anyway? There’s only a random anon who built it in his spare time and a bunch of users who contributed sporadically with some ideas here and there.
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It’s not that easy to take over Taggr. You need 66% VP to pass a vote and there’s no following option to delegate it. Every user needs to vote manually. Even accumulating 33% to eventually block any progress is prohibitively expensive. 72.8% of the tokens are sitting in users wallets on the platform and receiving weekly dividends. Only 8.24k tokens are available to buy on the open market (ICPSwap liquidity). That’s 2.6%, you would need at least 30% more, or be convincing enough so that the top 10 holders vote in your favour.
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That wasn’t even my buy. I did check out Taggr though and bought some, as I wanted to add liquidity to KongSwap.
I’m only trying to get rid of scams not actual good projects. I think I’ve said that enough times but they still lie about it.
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The Taggr DAO was built and live before the SNS.
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Didn’t realize that. My opinion was only due to the fact that I don’t see Taggr really getting out there and if you would now go the SNS route it would help you: (well, once Dfinity brings the neuron fund back that is)…
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Raise a lot of capital fast (like probably as much or more than any other project on the IC) because you have an excellent social media dapp running fully on chain that has a ton of potential to bring a ton of users to the eco
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With that capital you can hire some marketing people to help get Taggr out there. You are devs and don’t want to be bothered with marketing. I get it but you need money for advertising and marketing and to get listed on CEX’s.
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Get you more attention across the IC with everyone because everyone who logs into the NNS to vote will see you there all the time and will be more involved with Taggr’s evolution over time and be more invested in its success
The internal dao works but it’s too insulating in my opinion and is not intuitive for most lay people to use.
Lots of excitement in the beginning and you proved without a doubt that the tokenomics actually do work but now it seems you are losing users and investors daily and revenue has majorly decreased.
It’s nice to see the price recover a little bit here lately (whoever the speculator or speculators are – you or your die hard users?) but what is the ultimate plan to obtain users en masse here in some type of reasonable time frame going forward or are you only relying on DFINITY to bring these users to the IC first?
It is extremely disappointing to see one of the best social media projects on ICP not actually growing and you really have done an outstanding job on developing this dapp. I can tell it is a labor of love and you have put an immense amount of time and effort into it. And X is an amazing dev obviously, probably one of the very best on the entire IC and a true master at Rust.
Have you two thought of actively marketing or hiring a marketing person or firm and what is the status of getting listed on centralized exchanges? Is there a roadmap and plan in place? As it stands now, it really looks like your project is dying and is on the decline.
Not everything is solved by throwing money at a problem, in fact some things are made worse!
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True but when there’s 0 marketing spend whatsoever and 0 focus on getting the product out there, then there’s a problem.
Is Taggr at least using CLOWN to push tweets?
From what I can tell, the Taggr dev has had a plate full of updates and issues and improvements and basically has 0 time for anything else which is totally understandable.
There comes a time when every business owner whether it’s development or otherwise needs to start delegating tasks that they either do not want to do themselves or do not have the expertise to do themselves off to capable sales and marketing people.
This is the same issue with DFINITY and all the projects on the IC right now. I realize the strategy that DFINITY has and I see the singular focus on onboarding devs and getting one or more killer dapps on the IC in order to get the users here but now that DFINITY is taking matters into their own hands with Caffeine AI, they also need to lead by example and use their sales and marketing people to do useful marketing and PR work going forward once it is released and lead by example.
Then my suggestion is that another dedicated group of sales and marketing people are set up at DFINITY in order to help projects like Taggr finally get their excellent dapps out there. Same with Trax and others and dare I say YRAL or DOLR here.
Work hard but also work smart. DELEGATE (like yesterday) and yes there needs to be some spending. Advertising costs money but proper advertising is needed.
Don’t let TAGGR die a slow death. Get it out there.
My suggestion: 1) SNS SALE and get rid of the internal DAO. It served its purpose.
2) Use the capital from the SNS wisely to market Taggr properly and get it listed on more CEX’s as well.
3) Keep improving the product and the marketing. Do not rely on DFINITY to bring you the users you need.
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“1) SNS SALE and get rid of the internal DAO. It served its purpose.”
Taggr DAO continues to serve it’s purpose. Anyone on Taggr who doesn’t want to participate in governance can opt out, but as MntYetti posted above it is a valuable DAO and those of us participating appreciate the voice we have there. Developers and marketers who enter the space are rewarded, modestly right now yes, but organic growth can benefit users experience. Onboarding with BTC is currently in development. Perhaps we will build Taggr’s user base this way. What I don’t understand though is why projects in the IC don’t use Taggr for building their communities. I won’t go back to using X even though I want to keep up with IC news. DIscord is ok, but even ‘dying Taggr’ is a better site.
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Don’t get me wrong. I think the internal DAO is brilliant and obviously it was created prior to the SNS existing at all. The only reason I suggested ditching it is the difference between remaining a private dapp and going “public” and having an IPO where you actively participate in the NNS on the IC and where you allow the IC eco participants to invest in and share in the governance of Taggr via a standard SNS DAO instead.
By remaining private and insulated in your own DAO you are not opening it up to a wider audience and also allowing for shared governance on a larger scale imo.
If you can grow the userbase organically and keep the internal DAO, then great but I believe if the devs would consider going the SNS route and raising capital for marketing, I think it would help Taggr grow much, much faster.
It is an OUTSTANDING dapp and probably one of the best if not the best dapp currently on the IC but there should be a larger TEAM helping to get it out there. Taggr would benefit from a dedicated team to help it grow and the success of which would benefit the entire IC community as a whole.
It would actually be in DFINITY’s best interest to further invest in Taggr and help Taggr really get out there in a similar way as to how Solana has helped some its ecosystem dapps to flourish to its own benefit.
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I enjoy reading your posts @jokerswild. please keep going, we need more voices like yours to post more often.
Thanks WebTree. I hope I’m making some sense here in some way. I am not only an ICP and eco investor but am also a previous mobile dev and serial entrepreneur who has made similar mistakes with some of my past ventures esp. tech ventures thinking I could do everything myself (development & marketing & sales & accounting and more, etc.) and have it all just grow organically instead and having too much on my plate and not delegating important tasks likes sales and marketing off to others who are very talented at it. To be honest, us devs are usually lacking in certain people departments. It’s a completely different skillset to sell and market than to design and program.
You enjoy RUST. Stay RUSTY! But please do consider that you will have a massively more valuable dapp even if you have to shed some equity by going “public” once and for all and going the standard route with Taggr. Please do consider what I’m saying because the community would be ECSTATIC to see you go the SNS route once and for all! I envision the grandest of SNS sales ever for TAGGR because you have a polished dapp with real substance and a proven tokenomics model for web3.
Instead of a quality, very well designed dapp with a long development history like Taggr with HUGE potential, we instead end up with horrible launches like FuelEV who have a broken website, no real dapp, no real solid business plan, etc. launching way too early…(and of course playing the system)
Please do not disregard what I’m saying and do consider delegating once and for all as well and having milestones for those delegates and sales and marketing goals for them each and every quarter. Anyways, advice is cheap unless you put it into practice.
From the first time I saw X and Mechaquan interviewed I believe by Blockchain Pill and he asked them straight up why they were not participating or planning to spawn an SNS DAO like everyone else, I knew it was a mistake from day 1. They still believe they are correct unfortunately.
This is akin to not going the standard route on wall street and choosing to remain a mom n’ pop shop when you could have chosen to bring your product to the masses.
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Thank you for all your ideas, and this conversation is valuable and interesting.
Just to get some things correct, X did not attend that interview it was me and mechaquan. Neither of us are developers.
In regards to SNS, we had discussed many times pros and cons, but for TAGGR mechanism design SNS is not an overall fit for many different reasons.
Marketing is often the differentiator, even more so for most user facing apps. It is also capital intensive, and financing with pseudo-anonymous DAO members would be mostly an act of support from some high net worth entities which are aligned with TAGGR vision & mission, including continuing in this manner.
Are you on TAGGR?
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the question is if someone in the IC ecosystem, dFinity or not, would put 1-2mil ICP and let TAGGR be. Not strangle it with milestones, business objectives, just trust in the mission & vision as it is rather cool and aligned with much of the cypher punk early days ethos.
maybe a lot of money for some, but really peanuts in a market flooded with a lot of $$ thrown based on hype and hyper-growth targets, regardless of real world usage or ethos.
I bet you, if these funds will be there you will see a lot of action, as TAGGR has gathered some very smart & driven people.
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Yes, I am on Taggr and have invested in it and have test driven your DAO. I am not a regular poster but that’s because I’m not a huge social media web2 user either. In fact, Taggr is one of the reasons I invested in the IC and the eco to begin with.
Taggr, more than any other dapp on the IC imo at this time, shows what is truly possible with a solid developer. It unfortunately also shows the limitations of Motoko early on vs. using lower level Rust code. I’m hoping that Caffeine AI will be trained on Rust as well because latency is still an issue and users are impatient. ICPSwap did not impress from day 1 and is still sluggish for example but better…
Oops my mistake. It’s been awhile but that interview is still in my mind.
Yes, now I remember you stating how X wishes to remain anonymous.
So maybe you can clarify as to what you and mech do in regards to Taggr on a day to day basis?
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What kind of “action” would we see if Taggr had the capital (1 - 2 million ICP)?
Not to be rude but wanting a 5 - 10M round of capital without having any business objectives, milestones, and a roadmap with a timetable is simply unrealistic Daniel. No VC or individual investors will take such a project seriously unless they have money to burn and simply want to make a donation.
In fact, this is probably the main problem with the IC right now and with the majority of SNS projects. You have all become somewhat complacent with where your businesses are and many of you are stubborn and don’t want to listen to any advice from the investor community.
Capital itself in the wrong hands does not seem to be helping. Instead, what you need are business folks who are willing to invest in a way that guides you in the correct direction.
But let’s say someone was willing to throw you 2 million ICP. What would be the gameplan for you and mech and X at that point if you were to be trusted with such a capital infusion from DFINITY or elsewhere?
I can not really speak for others but I suppose, like most people, we just carry on with our normal lives. What’s cool about TAGGR DAO is that all contributors have dedicated their time and resources entirely on their own for the past 3yrs.
There were many intense phases where it consumed us, demanding hours akin to a full-time job each week, and even greater mental focus.