Why so long? What do the stars say?
In our last social media post, you could read about the Great Crypto Ugliness and the hopefully soon recovery phase of the crypto space. Another point that we made, was about picking the right time to proceed. Today we look into some more background.
Recently, yours truly did meet a few people in a Telegram investment group. When I told them about Juiice and our plans to create non-fungible tokens, they got cynical and told that they were ripped off by an NFT-scam. Luckily for them, there were no great sums involved. Yet, it was not the grief of losing a few bucks that did upset them, but the fact that their trust was betrayed and felt stupid.
The point was not, that these investors were stupid, or overlooked obvious warning signs, on the contrary; they checked the code, the technology, the white-paper, and it all looked good — and it also worked; the tokens worked fine and could be traded anytime. Also, the NFTs were created, sold successfully, and showed up in their wallets and the blockchain. Fact is, these developers simply knew what they were doing, how to do it and how to look very real. Actually, it was real, and if that team had not been on the path of deliberate sneaky and dirty scamming, they might even had created all that they had promised in their white paper and the token and NFT could have become a success story. It now seemed like a failed chance — and all for a few bucks — maybe 15,000$ overall; the fools. Why create something that works and then abandon the ship?
Real crypto projects -like Juiice- also have plans, a team, investors, stakeholders and -in Juiice’s case- pre-registered users from our first attempt to realize our long-term goals. Yet, you can have your product, tokens, and marketing ready to be rolled out — yes, even the stars could be promising and shine in full Juiice about a bright future. However, astrological constellations can be favourable, and still, it can be sheer madness to start a major venture when external circumstances are completely against it. That is what we see now; in this market, it would be bad management to proceed.
Also, crowd-funding is a less well understood business, ruled by emotional arguments of FOMO or the idea that money grows on trees, and it is easy to invest 10$ and get thousandfold back. However, that is mostly history. Just getting your white-paper, online presence, working offices, staff, programmers and products and services ready for a DEX-offering is a lot of work. It also requires far more risk capital than the average crowd-investor does realize. Estimates for small projects go from at least 500,000–1,000,000$ capital requirement in order to launch a serious venture. And even with such a pleasant starting capital, good plans and a capable team, there is no guarantee that the long-term goals all will be reached, and we can simply order our Lambo.
However, this is the reality of investing in crowd-funding and the crypto-ecology. As founder and entrepreneur, you can only do your best, get good people involved and gather supportive users, but ultimately, you enter the market, and the market and your users will decide what works and not.
At Juiice, we have been committed and we continue to be dedicated to our goals. Juiice has been preparing and working for years now, and unlike short-term scammers, we do not anonymously push for quick bucks, but rather go for real, sustainable, and reasonable results.
The image with this blog-entry shows the natural process, of a seed planted, growing out to become what is given by its DNA. Yet like with plants, you cannot (only) grow on money, but you need fertile conditions; setting up a social media platform, requires not merely capital, but also time, ingenuity, creativity, negotiations, and above all; confidence, patience, perseverance, and good luck.
When we look up at the stars -that with new moon will be well visible tonight!- we know and sense it is coming; our time is near, then 2022 is a time of social change. It is therefore our hope that the reward will be Juiice in both terms of monetary returns, as in the creation of an innovative and popular free-speech platform. Bear with us, … the star of Juiice is rising.
