12) There's another type too -- great tokenomics but everything else is meh. Sometimes we buy, but with less conviction.
But when we _do_ have conviction:
we will sometimes fight like hell for the projects we really believe in.
13) So what happens when things crash?
IDK for marginal investments.
But for the most exciting ones: we don't panic sell.
We buy, from panic sellers. Sometime we buy a lot.
14) We:
--provide liquidity
--help with listings
--give lots of advice
--provide buy-side support
--reach out to potential partners
--pinch hit when needed
And whatever else is useful.
15) There are some things we can't do:
--we can't build for the team
--we can't stop people from selling
sometimes those happen, even in exciting projects, and things are bad.
That sucks.
It is what it is.
16) We also can't control macro: trump got COVID, stimulus was canceled, and DeFi bubble burst.
So SRM, and FTT, and others, went down.
But we're still there, and when things are good, they go up.
Like today.
17) And we also feel some weak sense of duty towards partners, independent of anything else.
One was in a bad position recently.
We talked through it, and adjusted our lockup, and did what we could.
18) Another thing worth mentioning:
We try to find partnerships. We look for places where a Serum integration would be mutually beneficial, or other ways to work together.
In the end our goal isn't just buy low-sell high. If possible, it's to leave both sides better off.
19) What are examples?
HNT: cool project, huge upside, good partial progress, good price. But -- less certain on tokenomics and community.
AVAX: legit chain, has a chance to get huge.
SUSHI: high token revenue / market cap, building cool stuff. But, terrible sentiment.
20) And many more: ALPHA, TOMO, UBXT, CREAM, COMP, LEND, BAL, SXP, SUSHI, BTMX, BNB, HT, OKB, LEO...
So should you go buy these?
IDK! Maybe not.
But why not, if we did?
THERE ARE REALLY GOOD REASONS NOT TO.
