[Day 62] — Eighth meme contest, proposals to improve their process, press releases are published, whales leave us and others accumulate, Ducker arrives on DogeChain… here we go.

GM, Duckers.
GM, dear people from the future.
I’m Mark Duckerberg, and this is my entry #9 on this journal.

The story continues, and tomorrow Duckereum will be 2 months old. My article last week in this diary got the community to react, especially about the scams we’ve been experiencing. Interesting suggestions were made to improve the meme contests process. The press releases have been published, even if everything is not rosy… Some whales leave the project, others accumulate, Duckereum is going to arrive on DogeChain: a look back on a new week.

The eighth meme contest

This week’s theme was to create a meme that included the personality of one’s choice, and Ducker. For the first time since the beginning of the Duckereum adventure, we proposed a theme that was suggested by a community member. I sent him 500 duckers to thank him for his suggestion. Until now, only the team had chosen the themes for the contests, which we try to keep in line with current events to reach as many people as possible. Ronny Santoso won the 25,000 Duckereum with his meme below:

Last week, as I mentioned in my previous post, an attempt at scamming took place. A member of the jury chose his own meme for the final, which he created from another Twitter account, and then asked the community on Telegram to vote for him, claiming financial need due to his son’s illness. So far, no response from him has been sent to me or the team, after we asked him for an explanation. He was therefore dismissed from the jury.

But, what the community doesn’t know is that this person was back this week… yes, yes. He created a meme with a new Twitter account, and he joined the finals, only to ask the community on Telegram to vote for him, once again. He made the mistake of choosing an almost identical handle to his other accounts, so it was simple for us to identify him. Here a moral dilemma arises…

We know that this person used his power in the jury for his own interests the week before, so he was fired. Ok. But this week he made it to the finals by following the rules... Should the fact that he is probably a dishonest person prevent him from reaching the final and possibly winning the reward, if his meme pleases the community? As far as I am concerned, and this is only my personal opinion, I think the answer is no. If a person’s meme is funny, pleases the jury and the community, then whether that person is good or bad should not have any influence: that’s the meaning of decentralization. We judge memes, not people. For this week, this person was not excluded from the final, but simply banned from the community, since he continued to demand to be voted for and his behavior was unacceptable.

Following the cheating of the previous week, proposals were made in the community, by degen_city for example, an active member. He first suggested that only the team should be on the jury, and that no one could be trusted. He then moderated his comments by saying that, at a minimum, each member of the jury should do a KYC. I don’t know if these are the best proposals, but obviously something needs to change, to prevent cheating from continuing in the future, especially if the value of the Ducker goes up.

Another thought that has been on my mind for several days is whether the contest should be limited to Duckereum holders. We see too many people posting memes from many different accounts, and only being active in the community if they make it to the finals, to ask to be voted for. Should there be a requirement that a minimum of duckers, say only one, be purchased to enter the contest? The debate is open…

In the community

Even though activity is still relatively low, I think it’s better than previous weeks. Some people are discussing and proposing ideas to develop Duckereum or to make it more known (marketing). But, the bottom line is still the same: ducker value is still low, so the excitement in the community is somewhat gone. Some big holders are leaving the project, and they have every right to do so, but the sad thing is that many people are selling at a loss… Since the beginning, and unlike the vast majority of all other “meme” tokens on uniswap (not to say all of them), we do not encourage anyone to buy duckers. On the contrary, we encourage those who want to join the project to invest very little or no money and try to win ducker through contests.

Even though we know that this is not possible, our dearest wish would have been that not a single ducker holder would lose money, but in order to do so, people have to stick to the #1 tip that is repeated over and over again but that too few follow: only invest what you are willing to forget, for years. Imagine that a person who buys duckers is unable to sell them for 5 years, for example, would he invest all his capital or a large part of it? Of course not. He would buy for a few dollars, telling himself that he finds the project fun and that even if his money ends up being lost, he will have been satisfied to support a fresh, honest and original initiative in this DeFi world which is too cruel and repetitive. And as if by magic, if everyone did that, we would have a community of holders who would not sell a single token, and the green candles would follow.

Investing little, and keeping it long, is better for the project, and better for your wallet. I can’t repeat this enough: only invest what you are willing to lose or forget for years, if you really love Duckereum, its values and its project. NFA.

However, this is not the case for all big holders. Others keep their position, and still others accumulate duckers. 🥴🥴🥴🥴🥴🥴🥴.eth is still there and hasn’t sold a single token in more than 50 days, and the top holder is accumulating, now owning exactly 3,456,789 duckers, lol. If you read this diary, you now know that we have whales with a great sense of humor at Duckereum!

The project continues to grow, little by little

I don’t know when you’ll read this, and maybe in your time, DeFi has gone through all sorts of regulations or protections. But these days, anyone can launch a token, promise revolutionary utility or major partnerships on a website created in 1 hour, without it being true of course, and create a hype. For Duckereum, we wanted to go in the opposite direction. The team made only 3 promises: to hold a meme contest per week for about 5 years, to keep this journal for the same amount of time (minimum) and to represent the project to potential partners as well as manage social networks. Everything else that would come on top of that would be a bonus and good surprises. We wanted to give the community as much freedom as possible to build whatever they wanted on Duckereum, with fun and pleasure.

However, because me, MD and Warren love Duckereum, we obviously want to do more than that, but it was important for me to be clear about the nuance between what we have committed to do, which makes us scammers if we don’t deliver, and what we can do on top of that. So, every week, we’re talking to potential partners to grow Duckereum.

The big stuff of the last few days was Duckereum’s arrival on DogeChain, a new blockchain created for Doge holders that opens the field of possibilities for them. DeFi, NFT, games are now coming for our shiba inu friends! Thanks to our collaboration with the MultiChain team, we are happy to announce that Duckereum is coming to DogeChain in the next few days! This was a request from the community, and it has now been realized. I think the launch will be done before next week’s article, barring any unforeseen events.

But, we are not alone in this adventure, there are also all the members of the community. One of them is working on something great, quietly, and he was able to show us a sample… it’s just great! I know you’re reading me: keep doing what you’re doing with passion, and I can’t wait to see the end result.

One more thing, remember last week I was explaining that we had a contact from whom we had ordered press releases on major magazines. Given the delay in his responses, there was some doubt: was it a scam, or was he going to deliver? The PRs were indeed published! For example on Bloomberg, MarketWatch, Yahoo! Finance, Street Insider, Digital Journal… but, quite honestly, when we read them, we were disappointed. When we made the deal with this person, we gave them a very specific text, which we wanted to see published on all these websites, but it was not the case. They took the liberty of writing a text themselves, which was not submitted to us for proofreading, and which is, according to us, of poor quality, not to mention the typos that are found inside. I asked for explanations, and radio silence, he does not answer me anymore. That’s how it is, it’s part of our history.

The stats and how they relate to last week

At the time of writing:

• Duckereum price: $0.007782 (-18%)
• Duckereum marketcap: $778,200 (-18%)
• Holders: 909 (-1.5%)
• Telegram members: 1,957 (-1.6%)
• Twitter followers: 3,660 (+1.5%)
• Discord members: 294 (-3%)

Stay safe, Duckers.

Thanks for reading, and see you next week.
Duckerberg.