This Discord crypto trading bot shuts down after ‘critical exploit’. I'm glad we never signed up!
I remember the biz development arriving in the $TURBO Discord like it was just yesterday. As many do within the depths of the bear market, a representative arrived from this project looking to incorporate our speculative asset. With an understanding that our community might offer revenue, users and the like, he tried to strike a bargain.
The poor soul arrived ignorant to the slow rate of progress within the decentralized project. One man managed to stall out all types of development with one claim: the act of amassing funds without the incorporation of a DAO broke the law. As an office holder, he resisted all types of effective change- he was a regular Gary Gensler. And as a result, four months in, there's no treasury, one of five active 'project leaders', and I have effectively stopped spending my time under the thumb of the uninspired and unproductive.
Back to the story at hand, this one representative advertised he had the utility of an all-in-one Discord trading bot. There were features I couldn't explain and groundbreaking opportunities to find undervalued assets early- it was a speculator's dream come true. And today, it's winding down operations after 'a critical failure'.
I've warned people about this. I cannot critique the follow-up, but aside from the operations breakdown, applications and services and products within web3 must serve a larger audience. An app that lets you trade crypto and NFT's from Discord? While an innovation without a doubt, what population would this serve at its greatest height? All 50 of the active Discord members during peak bear market engagement?
I am dubious. Despite this fact, its token debut weighed in at a cool $16.5 million dollars. That is almost three times the value currently wasting away within $TURBO. Now I would be much more confident in $TURBO if these things happened:
- people focused on recruitment of artists to Manifold
- people explored the capability of AI to increase their productivity
- people explored the profitability of decentralized social media to add to their financial freedom
At least, we've managed to avoid other flash-in-the-pan projects. And, it's not easy, considering how they often multiply.