I’m a whale in ICS we’re excited for the developments on ICPSwap but we need more users.
Would everyone be on board If I submitted a proposal for a massive marketing campaign for caffeine AI and ICP ecosystem where it required that all of us gave 1% of our total ICP balances to fund said campaign? I’ve been thinking that if we all give a little bit of ICP and execute a marketing campaign that Rivals solana and showcases DFINITY’s work and products then that would be what’s needed for mass adoption of this wonderful blockchain.
I frankly don’t want to live in a world where I’m always paranoid of who’s spying my whatsapp or if Pavel allowed the French government a backdoor to telegram.
I want to live in a descentralized internet and thus a descentralized world.
What do you all think? Would we all contribute to the campaign?
Marketing is good, but this will never pass. This kind of idea can work only if big stakers do it. No need to ask from little guys, actually whales could fund promoters themselves. Each can pay for 1 who does videos, blog posts, all still need to be coordinated.
If all goes well, than ICP from trading fees should skyrocket, that is if ICPSwap launches future trading and part of fees go to stakers. ICS can grow in value a lot.
My team at ICS has already added perpetual futures, it’s still in alpha and currently being developed, as well as onesecbridge that could drive liquidity from CEX to ICPSwap directly. If you want to check out the perp exchange its called ICP.EXCHANGE, I cant add links but just copy and paste it in your browser, it’ll take you there.
This is wonderful news! I have applied for caffeine alpha myself, I just hope DFINITY can deliver on its promises, if they can then ICP will finally gain the recognition it deserves.
Do you think marketing matters without people who pump price up first? CaffeineAI launch will be a sell event, even if we find people who will buy 100mil-400mil usd worth of ICP, it does not mean that price goes up. ICP has to have backers who move price, create hype.
Does Borovan and Thyassa will have usd to pump ICP? You still get about 8% maturity from staking, if You have no plans to move price, there is no way anyone else will do it for you so that you can keep selling.
Lets hope Dfinity has some plans, if not than we keep having low token price and it will keep dropping.
If you insist on berating some of the most prolific contributors to the ecosystem with comments like that, you invite questions about your own contributions to this network. I’ll save that for any future comments you make along these lines.
The IC is here to change the world for the better. Most of us here building are working towards that aim. Some are just here for the money - your time will come, but don’t go putting the cart before the horse.
How its fud, marketing is done after whoever has bought huge amount of tokens and is pushing price up to sell on well executed marketing. If there are no persons who pumps up, than marketing has little effect. Yes people can buy as crazy, but as price dont move up, they sell back, no upside.
ICP tech is useful, but right now token price is dependent on burn. We will see after CaffeineAI launches on how things change. If lot of people deploy and build apps, than bigger investors might step in.
ICP rewards in usd, at 2.5bil mcap, is 3x less than ADA at 19.7bil mcap. This means when ICP goes up 3x, than it means rewards/spending is same usd amount at 7.5bil mcap as ADA what is 19.7bil mcap. ICP need to lower staking rewards.
Again, why are you banging on about token price. This is about the tech, and getting people using that tech. Everything else will follow eventually.
If your greatest contribution to this network is buying tokens, then I understand why you’re fixated on short/medium-term price movements. You certainly should not be attacking those who are building out this network, contributing to proposal due diligence, etc. There wouldn’t be a network here to begin with otherwise.
I also question your credentials with respect to design decisions you’re confidently (but incompetently) proposing.
People who has 100k+ ICP staked, those yes say its all about tech and need to find people who build (buy your tokens).
If you want adoption, you need youtuber and TikTok army who constantly build new stuff and make videos about it. Than you need private projects who use CaffeineAI to offer building on theyr own platform that deploys on ICP.
Without people who buy tokens, this projects would not exist, unless they launched Utopia instead of public network.
And again token price matters as fiat inflates (living cost constantly rises) and ICP token has been running down. I understand that people who are seed investors, it dont matter for them, they already made all money back what they put into. Now just living off staking rewards and say that more people are needed in ICP. Token price is more important than tech, because tech cant run without money (exept Utopia, private company). ICP token price and tech need to be balanced so it can have healthy ecosystem.
Why I believe I’m the right person to lead this campaign is because I know that I — just like major contributors to the IC such as @Thyassa , @borovan and the DFINITY team — share the same vision: getting ICP to succeed.
The idea of collecting funds from 1% of community members isn’t really necessary for me.
Sorry, Tony K, but this campaign isn’t about money or recognition — it’s about getting support from the DFINITY team, being connected to the core, and ideally working together on the idea itself.
I live in Germany, and I’ve noticed that many marketing roles at DFINITY require physical presence at the HQ several times a week. I’m in a position where I can commit to being in the office three times a week, working closely with the team.
That’s honestly my real goal.
Anyway — I’ve talked enough.
I just hope @Leadership sees value in what I’m saying, because if Caffeine AI goes viral, no one will need to worry about price instability, lack of marketing, or poor visibility ever again.
I’m still fully committed to making all of this happen.
I get what you’re saying, but not sure reducing rewards helps besides turning off faucet so people been farming rewards cam just dump. If you want increase token price reducing rewards doesnt change the intrinsic value that is distributed from voting.
“Proof of Useful Work” vs “Proof of Work” doesnt just apply to crypto.. Just because you dig a hole nobody asked for doesnt mean you did work… Same applies with making code proposals.
Yes the more proposals rejected, the less proposals made, thus each passed proposal has higher weight. If you dont care about the tech, then vote… reject proposals. People that care about the tech and want proposals to pass vote yes and if they can’t get it to pass, they buy more tokens or refrain from dumping to make sure they can get proposals to pass.
Either way, matter of opinion, probably right, .. all things equal reducing rewards dont change intrinsic value.
You can increase voting rewards 1000%, doesnt change intrinsic value. Of course only pertains to voters, non stake is a different story… maybe you’re right… maybe defi doesnt have enough volume to produce better yield to compete with staking yield. Question is, is that the right solution.
Lets do some calculations. BTC minting 450 BTC every day, its about 48.15mil usd added value/inflation. For ICP to reach that usd amount, ICP token has to be 530-624usd. This is so unrealistic, but lets say 10x less, 4.8mil usd, this means ICP token is about 53-62usd. If we cut inflation in half, than 100+ usd per ICP is more likely.
Some say token burn will increase price, but that is not likely. Caffeine can help price by burning some more and project owners stake ICP for cycles, now add token liquidity to pools, already better.
The more proposals are rejected, the less of those are made.
.. all things equal reducing rewards dont change intrinsic value.