It’s really frustrating. For this FOMO product, I wrote a plan and submitted it to two teams last year, both of which received investment.

One team directly messed up their ideas and created something that nobody used, resulting in a zero return on investment.

The other team developed it very slowly, making no progress, and returned part of the investment.

For a product in the cryptocurrency space to succeed, it must have people who understand the cryptocurrency market; you absolutely cannot let the CTO think about what to do; the CTO should just focus on technology.

What does it mean to understand?

If you are creating a meme coin tool, you should at least be able to make stable profits on meme coins, right? If you can make billions, then you definitely understand.

If you are creating a consumer-facing tool, you should at least know what consumer users like, what they FOMO about, right? You should know how to drive traffic, right?

If you don’t know any of this, can you just rely on historical experience and guess your way through?

The biggest pit is often not the lack of experience, but rather applying a set of experiences that is 20 years old, which definitely cannot keep up in the cryptocurrency space.

Well, all the pits will become future redemption.

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