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crab notes 🦀 lobsterdao crab notes 🦀 lobsterdao @crab_notes · 8.04K subscribers
Post #164 13.1K
Projects, could we stop with those ridiculous contests for allocations?
Let me walk you through the idiocracy of your marketing approach.

You make regular investors, your ‘community’, complete disgraceful tasks and spend hours in order to get an allocation of 500 dollars at the highest price relative to what funds got for nothing (let’s be honest, a lot of them are just shiny names). Do you think real enthusiastic community members will comply with this stupidity? No, they get upset, angry, and they leave you. You are destroying your community.

So what are you getting instead?
You are getting an army of robots or hard-working investors who make multiple accounts and re-sell them at a very high price to those exact enthusiastic community members, who followed your project, but had no time to play your stupid games. The army of robots forgets about your project the minute it is listed.

So ask yourself: why are you doing this?
1) If you wanted to stimulate your community to become educated about your product, then you failed.
2) If you wanted to filter out multiple accounts by this Proof Of Love thing, you failed here as well, since those accounts would just be re-sold at a very high price.
3) If you are trying to build up a company, then you are taking a wrong approach from the start, since you are killing your community.
4) If you just wanted to x5, make your institutional friends happy and raise money for another whitepaper - please leave this space.

Keep in mind that I am not trashing bounty contests or big airdrops. There you get a substantial amount of free tokens for your work.
I am talking about cases where you need to work your ass off to get a laughable allocation. If you gave big allocations for the hard work people did, that would have been fine.
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