Next SNS to take over

General
1

Ok BOOM is done, Swampies is live. Who’s next?

The aim here is to make sure the SNS is only legit projects with proper usage for tokens. Not just a graveyard of failed memecoins, vapourware and Neuron Fund draining attacks.

EDIT: Has anybody ever used OpenChat? It’s never worked for me, and I don’t think I’m doing anything wrong.

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2

Alice, 6k amount of holders and has a gold mine behind it.

Control’s bob and everything else related to it, (no?)

3

Wgat 35k ICP? No goldmine there.e

EDIT: Needs to be a decent treasury as that can be used to take over the next sns

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4

How about kinic master 340k icp always dump all the time

5

no kinic is fine he has phdees

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6

Chat has only 100k icp they burned a lot of resources. No revenue

7

didnt they move it somewhere else, they told me it was just “resting” in another account

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8

Maybe , that was the only displayed in their treasury.

9

Look at how many wallets has staked 2milly chats impossible reach of chats compared to Alice, would not be possible

10

I hope you turn boom into something more valuable than what we have now

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11

Can you take over dragginz game and do something with that? That would be kinda cool to see that get done :+1:

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12

I use openchat everyday and it is working all right and very fast.

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13

We talks in group almost every day, and now it is super fast while sending message, almost the same as discord, for me both working smoothly in iOS Chrome and MacOS chrome (but MacOS Brave browser I can not use it from months ago). The feeling just like swap on Kong. From my experience, it is much faster than catalyze. For me here catalyze is loading all the time that I cannot and not able to use it.

After I use openchat, I gave up using telegram years ago since I cannot receive the code via my phone number, the app using phone number to login should be discarded

Maybe you could try other browsers?

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14

I use OpenChat every day and have been using it for almost 2 years. It works fine for me on both PC and iPhone. I prefer it over telegram and discord and all other social media applications.

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15

OpenChat has some cache issues that usually require you to clear the web data.

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16

OC is yet another SNS that’s managed to burn through a million ICP and can’t have more than a hundred users. A thoroughly uninspired product, utterly lacking in imagination, though perhaps Wenzel using it daily is somehow worth a million ICP more, who knows.

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Hey! I’m one of the founders of OpenChat and I’m just here to provide the correct figures for how much ICP OpenChat has burned through.

It started with 1M ICP and it now has the following:

  • 102k liquid ICP in its treasury (see here)
  • 100k in a dissolving neuron (see here)
  • 105k in an 8 year neuron (see here)
  • 300k in a 6 month neuron (see here)
  • 35k nICP (see here)
  • Roughly 50k ICP spread across DEXes and CEXes to provide liquidity

So since launch it has burned through ~300k ICP, and other than the CEX liquidity, all of the funds listed above are still fully under the control of the DAO.

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How much is that in dollars? Around $4 million, like Catalyze? And then there’s the Dfinity and Dom investments—how much did that add up to? Quite something, really—burning over $4 million without leaving so much as a dent in the broader ecosystem.

19

We were funded by Dfinity before they started the grant program, so rather than receiving lump sum payments, the model was that they paid our salaries up until we launched the SNS.

It is worth noting that during this time we also helped Dfinity a lot whenever they needed extra dev resources.

Once the OpenChat SNS launched we became fully self funded and independent from Dfinity.

We opted to give Dfinity an 8% stake in OC during the SNS sale, they didn’t request this themselves.

For the first 10 months or so after the SNS launch the price of ICP was around $3-5, overall, our average cash out price has probably been around $5 / ICP.

We probably should’ve cashed out more during the periods where the price has been higher, but we have always opted to only request funds from the treasury when they have been needed. I guess we could’ve swapped ICP for ckUSDC while keeping it DAO controlled, but unfortunately we didn’t.

So realistically we have probably burned through ~$1.5M in total.

In that time we have made 1813 proposals, far more than any other SNS (excluding the WaterNeuron proposals which are mirrored NNS proposals).

We have around 15k daily active users who between them send over 100k messages per day .

A few months ago we heard from the Internet Identity team that OpenChat now accounted for around 40% of all sign-ins to Internet Identity and had overtaken the NNS app to become the top source of sign-ins (despite the fact that sessions on OpenChat last 30 days and we offer many other sign-in options, vs 30 minutes for the NNS app).

We are relentlessly improving OpenChat. Take a look at the commits - Commits · open-chat-labs/open-chat · GitHub

OpenChat right now is a far superior product to what it was a year ago, and in a year’s time it’ll be far superior to what it is now.

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I prefer OpenChat to Discord, never had any issues. I’ve installed it as a PWA