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Dragos' Den Dragos' Den @dragossden · 3.59K subscribers
Post #1332 1.2K
I'm currently Top 5 on Ethos XP All Time, which I think is a good spot to be in;

Remember, I have been talking about this protocol for a while now and it still somehow is flying under the radar imo

they are getting really good traction across CT, they have gotten a lot of attention in China as well (they were ranked #1 in mindshare for the Chinese community)

They are excellent builders - I knew that but even I have been impressed with how fast they tinker with the product, take in feedback, look at the numbers and implement intelligent changes that make the app better

They are also doing another fundraising round very soon - and they want to raise it from the community; I know they turned down a lot of VCs and are doing an Echo round next week

https://app.echo.xyz/groups/base-ecosystem-group

This, alongside with gathering XP are the best ways to get exposure to this right now

RE the community aspect - the founder is super sharp and he understands how a successful token can build community (eg the Hyperliquid model) - that's why they are focused on raising from angels/community rather than VCs

Actually, the only VC they let in the round is Coinbase Ventures (obv for strategic reasons since they build on Base so it's a perfect fit)

Ethos actually has thousands of unique active users who enjoy using the protocol *and* it has super good growth potential imo (and a lot of avenues to expand); it just makes so much sense to me

For context - I did invest in pre-seed more than a year ago (when it was just an idea on paper) and will invest more in this round as well as putting ETH on the platform and contributing to it; I have a lot of conviction

(also dw, my pre-seed bags have a cliff and are vested over a longer period of time)
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