Want to be a successful public chain, you must first invest well

My buddy "bark" is a person who loves literature and has ideals.

He felt that "one person used only one white paper to create an industry." This was a cool thing, so he decided to devote himself to the blockchain and gain a deeper understanding.

When you first entered the company, everything is fresh. He found that his colleagues had worked in Silicon Valley, and the one with the worst educational background graduated from Tsinghua University.

In addition, compared to the classical Internet, the company does not have a high KPI and a strict relationship between the superior and the subordinate.

Everything here makes him feel like he is being in Google. The public chain they developed is the next tool to change the world.

However, freshness only lasted his "honeymoon period" for more than a month.

Despite the fact that everyone is working hard to change the world's dreams, the company is known for its technology, but those DApps that are developed on the public chain have no value.

These developers are just "swindlers" who swindle to replace the currency rewards. The submitted DApp experience is extremely poor and there are no users at all.

Even so, his project side is still one of the most representative public chains in the global blockchain. The number of DApps is ranked in the top ten, and the valuation is even in the top 50.

Recently, companies that are only tech-savvy and have no profitability have to sell privately-purchased ETHs. However, I did not expect that other people would do the same in the face of survival pressure.

The bear market is coming.

The company's currency price has shrunk to one-tenth. The bark that recognizes the truth leaves the industry in vain.

A good DApp is not waiting, it is invested

If you want to be a good public chain, you must first invest well. Doing a good job is the foundation for building a public chain ecosystem.

The public chain is like a mobile operating system, allowing developers to develop blockchain applications on it.

The token issued by the public chain itself has no value, which is different from the tokenization project of the actual asset such as USDT.

As a technology platform, the value of public chain certification depends on two factors: First, whether the user wants to hold the certificate to obtain an interest; secondly, whether the token reward and punishment model can maximize the attraction of the partner.

For example, if apps such as Airbnb, TripAdvisor, and Uber are developed on a public chain, the user must use the public token to settle the order when placing the order.

When an application based on public chain development becomes a necessity, the user has the willingness to buy a token to acquire the equity, and the token has value.

At the same time, if the participants can get the rewards they deserve according to their established rules, then the ecology of the public chain will be better maintained.

In reality, many public-chain companies like bark companies believe that as long as the technology is developed, the next development will be a matter of course.

But the reality is that a good application is not waiting for it, it is invested.

The developers who come to the door are often not liars, or the "ico" party. When the bear market arrives, it is only a bubble that is held in the hand.

Don’t send the army to the sea

Historically, applications have often emerged to drive infrastructure improvements.

Before the urban power grid was perfected, the lights already existed. The same is true for roads and cars.

In fact, in the blockchain world, this logic also applies. There is a bitcoin first, followed by a blockchain.

The birth of Bitcoin made people realize that this is an opportunity to redistribute wealth. So people followed the money and flocked, trying to copy the mobile Internet's set of things into the blockchain world.

The problem is that the blockchain does not create a traffic entry. We still need to find the DApp to use on mobile phones and computers.

Let DApp compete for traffic with existing apps in the mobile Internet world, which is equivalent to sending the army to the sea and fighting the enemy.

Moreover, the DApp decentralization attribute also sacrifices efficiency and reduces the user's sensory experience.

Therefore, the blockchain company in the copy mode may be able to grab a piece of meat, but can not participate in the distribution of the industry cake.

If you want to change the way existing benefits are distributed, companies that do public chain can try to invest in a company that is making changes in existing industry pain points, and this “change” can be used to better assist participants through the token reward mechanism. To improve efficiency.

In fact, public-chain projects such as Ethereum and Cardano have used the funds raised to set up foundations to promote the organic integration of public chains and traditional industries.

But the former company of the bark did not do this. Perhaps they are still immersed in the dream of transcending Ethereum, or maybe they just want to take away the investors' money.