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Jupiter founder Meow: 3 factors + 1 characteristic = formula for building a successful community

BlockBeatsBlockBeats2024/08/09 04:03
By:BlockBeats

How to make cryptocurrency more valuable? The key is the “community” based on people.

Original title: "Jupiter founder Meow: 3 elements + 1 trait = building a successful community formula"
Original author: Ting, BlockTempo


Meow, founder of Jupiter, a well-known DeFi aggregator of Solana, and Luke Belmar, founder of Capital Club, appeared at the ABS Asian Blockchain Summit and had an in-depth conversation on the topic "Energy Theory of Money" to discuss the impact of the community on the project.


The power behind money is the community


First, Luke Belmar asked what money is? Is its core concept centered around the community? In response, Meow believes that making money is creating new money, and in the field of cryptocurrency, creating new money has become easier (token value from nothing).


But how to make cryptocurrency more valuable? The key is the "community" of human nature:


"What is money? Anything that people believe is valuable is money, so literally the only things you need to create a new model are people, community and belief.


And this is really amazing because I think with the birth of this new type of currency, I think we have eliminated all technical, logistical barriers to creating new money."


Three Elements of Community Building


Luke Belmar then asked about the meaning of cats (CAT), and then asked Meow how to create a community trusted by users.


Meow said that CAT is composed of the initials of the three words Certainty, Alignment and Transparency, and these three words are the three elements that make up the community. At the same time, Meow also mentioned that many recent token-issuing projects have not performed well, and the core problem may be the lack of these three elements:


"If you notice that many newly launched products have performed poorly recently, I'm not talking about prices, I'm talking about the facts you see. Right?


I shared a lot with VCs, and we talked about the whole token and slow development thing. To build a project, you invest years, and then it's launched. This should be a big celebration, but in the end, the community becomes fragmented. It's really sad, but I think the core of the problem is that there is no consistency, no certainty, and no transparency. ”


Luke Belmar then asked Meow what the key factor would be for the founder or builder to make the project reach the level of Jupiter? Meow said that energy is the key to the success of the project:


"I think one thing we do well is that we understand that as a project, everything revolves around energy. I think a lot of people don't quite understand that whether it's your product, community, token, or your communication and your vision, it's all about creating a very positive energy system between your community and holders."


"Energy" determines project development


Luke Belmar believes that the mission, vision and values of the community are indispensable, and the ultimate goal is to concentrate energy. The community can achieve energy concentration by gathering a large number of people. In this regard, Meow further stated that in the field of cryptocurrency, many things are fake, but "energy" cannot be faked, which is the key to determining the development of communities and projects: "In the field of cryptocurrency, many things are fake. You know your trading volume is fake, your investors are fake, your users are fake, and everything about you is fake. Do you know what I found is one thing you can't fake or work hard for? Energy. No AI, no robots, no KOL can fake it. If you are in cryptocurrency and you are a builder or creator, and your goal is to create a new currency, then everything else is secondary. Focus on creating a new currency or facilitating the transfer of a new currency. I feel that the key to creating a new currency is to understand that it comes from real effort and energy. " In addition, Meow He also said that emotions are also a key factor affecting the project:


"Emotional economy is the key point. Which projects and teams make people invest their emotions is the key. I think this is also the reason why many projects fail, because they make people invest their emotions, but in the end they disappoint people, which is extremely harmful to the industry."


Evolution from PVP to PPP


Finally, Luke Belmar asked Meow to give some advice or encouragement to the founders or builders. Meow humbly said that he was not qualified to give any advice. However, Meow hopes that the project team can focus on consolidating the foundation of the project and taking root in the community, rather than indulging in the pleasure of the project's popularity and the soaring of tokens.


In addition, Meow also advocated the concept of PPP at the end of the meeting, hoping that the crypto community can change from a PVP mentality to a PPP mentality:


"PvP is player versus player, which means you are always trying to kill each other and destroy each other. PPP is players helping players and helping each other."



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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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