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Productivity · 1 mentions
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As someone who has actively championed Bonk since its start, I have to say the last month or so for the platform has honestly been pretty discouraging. I’ve always prided myself on community building and my favorite projects in crypto have always been the ones I’ve committed to for the long term. I’ve been calling for more competition in the space to keep @pumpdotfun on its toes and innovate for the better part of a year so when @bonk_fun first started I was finally feeling like the space as a whole was ready for its next leg up in potential. Like every industry, we need more brands competing for marketshare so that it can continue to evolve and grow as a whole. But what started out as a promising development has felt like a slouching back into complacency with a singular focus to pump up the flagship token, which I understand from a brand perspective, but it leaves all the other projects feeling abandoned. This past month we’ve seen Pump answer to the criticisms of their launchpad and ecosystem with a bold reinvestment and community-first approach, which not only has brought this space an immense amount of newfound global attention, but has incentivized people from all over to come and build on their platform. With the emergence of CCM, they’re attacking the streamer market for a serious share of an industry outside our little bubble, which will only further grow this space and bring us to the forefront of mainstream integration. They’re proving a little ingenuity and creativity can be a massive catalyst to the expansion of crypto. With all do respect, a partnership with WLFI to launch USD1 pairs on Bonk may be a great business decision, but it doesn’t add immediate value or instill any confidence in the communities that have been building on the platform from the start. While it might not be the intention, it feels like another rinse and repeat, similar to all these other launchpads that have popped up over the past few months to rotate liquidity. Same playbook approach of running a coin up to “prove” it can get volume and focus all attention on it while other projects in the community get vamp attacked with relaunches that further drains liquidity from the Bonk ecosystem. This is a business-first response, not a decision that relieves any of the immediate problems the ecosystem is facing. Long term, I can see the potential vision and strategy this was aimed to accomplish but it’s extremely tone deaf and doesn’t incentivize much more building or new volume outside of pure hype. Meanwhile, Alon is sending free camera backpacks to new streamers with lower market caps than the value of the actual equipment to onboard and encourage users to show up everyday. Then there’s the projects on Bonk that have been grinding relentlessly everyday for months to show value in the ecosystem but can’t get support, let alone a reply @SolportTom @theunipcs. With the amount of money the platform has made, there are so many ways they can help lift their core community up on a consistent basis. The WLFI partnership would make sense if you already have solid infrastructure, volume, and confidence from your userbase, but that just isn’t the current state of things. Obviously you have far more important things to worry about than care for what I have to say or even notice as someone with very little share in the social equity of this app and while full blown vendetta-fueled exposés are being written daily. It’s just become extremely discouraging to see the consistent grind, loyalty, and perseverance of communities like @underdog_solana, @Bonkyopfp, @67coinsol, @Monkey_picasso and so many others outside of the Useless monolith not get any acknowledgment or support for the exposure and value that bring to the launchpad. All of these projects offer so much diversity in value and depth to the platform but have almost entirely been neglected. As of late, only 67coin has been given any real attention, in what seems to be purely out of necessity, because it was nearly vamped by a Pump token, which would have opened pandora’s box on a meta that would have created even more problems for you, though combatting PVPs is a crypto-wide issue and not an exclusive struggle to Bonk. I want to restate that I’ve rode for Bonk since the start, and had been a high volume trader on their bot since it came out but the communities who have been most responsible for building the true appeal for the platform have gone unnoticed. They've been deprioritized for the flashy, bigger projects or flavor of the week. If you say you’re in the trenches, you need to show it. I still believe Bonk has done a lot of good for the space but the current order of operations is clearly unaligned with the actual need of the ecosystem and needs to be reassessed before people will confidently build and invest here for the long term.