Let's take the opportunity today to talk about the CTO.
The CTO project I participated in ended up being a loss because any construction that involves CX behavior will face self-brainwashing, which is what I have always referred to as the so-called endowment effect. People like me, who are NF, really find it hard to sell their own chips in the end, watching them slowly go to zero with the community.
Every CTO who leads a community should be aware that seriously doing this is really exhausting for oneself. The chances of a retail CTO without funding succeeding are very slim. In the end, the community members consume each other, and slowly, it leads to a downfall to zero.
1. The community has no funds, and the enthusiasm of retail investors for building is also limited. If the coin price does not change after a few days of construction, many people will leave, unless they are stuck with their investments. Only the older generation can build long-term because they do not even know how to use a TP wallet; they can only buy and not sell.
2. In other words, I can casually find a project with a good financing background, go to DC to build a卷卷 identity, and after the token TGE, I can receive a delightful airdrop. It's a win-win situation. Why would I come to such a CTO community? I believe that people in this circle are not here to build without compensation.
3. Slowly building does not match the current market rhythm; the market prefers a hot topic every day. Meme coins with various chaotic narratives, the taxes from Goose City won't be received until 90 years later.
For a project to achieve success as a CTO, like ACT or Stonks, it not only requires leading figures like wizards and Brother B to champion and guide the construction, but also a substantial amount of resources behind the scenes (such as connecting with market makers, exchanges, etc.). It sounds simple, but it's really not easy to accomplish.
You got carried away, slapped your forehead, and started a long journey of drawing and pushing forward with dozens of buddies, the idea was good, but in the end, it will only consume each other, leaving a mess.
Let's talk again about the current CTO, who is actually against the mainstream of the market, telling stories of construction. For example, the story of believing that the community is greater than the hedge fund groups is meant to be heard by the retail investors. The problem is that all the naive investors have perished, and the current market consists of savvy individuals, facing a situation where there is no one left to speak to.
Does the project really need a community made up of retail investors? I can assure you that the potential role of the community is very significant. But any community that is sufficiently religious, rest assured, is definitely not just retail investors brainwashing themselves; that is far from enough. The community is the listener and reteller of the story, but it will never be the one wielding the knife.
Currently, one should not easily take on the role of CTO, and KOLs should be especially cautious about endorsing a project as CTO. Success requires significant effort and resources; it cannot be achieved merely by talking. Once failure occurs, it can lead to issues of credit overextension, and the cost of repairing one's credit can be substantial.
Taking Wang Chai as an example, this should be a very successful coin for the CTO in the short term. In fact, it is more about the Bonk market needing a Chinese narrative. Wang Chai's solid community foundation also led the Bonk team to choose Wang Chai. No CTO can succeed simply through the solitary bravery of retail investors.
Feeling inspired, just writing casually.
Continue playing my game.
