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shrikar
@shrikarparashar
Crypto native generalist since 2017. Looking for a growth x community opportunity 👀. Member - 🦁,
Self improvement journey👉 metamorphosis.super.siteBorn January 16Joined January 2018

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Hey I am Shrikar I'm 27 years old, after failing to build and scale 3 startups and burning through all my savings I have decided to become the best version of myself in next 6 months and to do it publicly. Here is my plan to systematically achieve it:🧵👇
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India banned 14 e2e/p2p chat applications including Element (matrix) and Threema 🤦‍♂️ What a dumb move by people who have no idea what they are doing. Never forget, they once banned GitHub as well. "If privacy is outlawed, only outlaws will have privacy"
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MPC technique for wallets is becoming more popular. But, there is dependability on company that manages auth against one shard of your key. So it’s not decentralised even though self custody. But good UX. What do you prefer?
  • MPC
    40%
  • Seed phrase
    60%
5 votesFinal results
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7/ But guess what? If you are keeping your funds in a wallet, you sure as hell would not get rid of it easily So user retention is definitely a strength for wallets I'm curious to know about the innovative ways in which wallets are monetizing their sticky userbase Comment away👇
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6/ Giants like Coinbase and have user their wallets as a user acquisition channel for their exchanges But what about other smaller wallets? What if they don't have another product to upsell? Trading activities cant be the only way for wallets to monetize
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5/...without having to use an exchange where you have to through multiple steps. The most popular way to monetize any wallet is of course with an in-app swap feature Give users convenience and charge a small fee, with a big enough userbase this can be lucrative
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4/ Even Metamask did not monetize its giant userbase for the longest time. Until recently when they launch the buy and sell feature in partnership with , and other on/offramp solutions These widgets give users an easy way to buy/sell tokens from the wallet...
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3/ So some wallets resolved to the obvious answer which is launch a token, A slick move in a bull market no doubt. But is that the best we can do? launch a token or NFT with hardly any utility? Clearly most wallets can't pull it off and wouldn't want to either So then what?
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2/ Traditionally Crypto wallets have struggled with monetization, while they were able to acquire a lot of users and even see thousands of transactions everyday, there isn't a straightforward way to monetize since you cannot charge a transaction fee
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The rule of 3 Have 3 good options before you take any major decisions in your life whether its picking a spouse, a car, a vacation or a co-founder for your startup. Why? With 1 option you do not know the fair market value and with 5 or more you create analysis paralysis
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Compound Effect Just a 1% improvement every day but consistently achieved over the course of a year can have a 31x improvement. The key is to go “One step at a time” Even though it sounds boring, a small improvement every day is what I am optimising for.
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Great outcomes are a result of great processes. I'm obsessed about creating the best process, in this week's newsletter i share some of the processes I am following to make the most of everyday. I also share the learnings that i have had throughout the week.
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Last week I shared my journey and intent with Project Metamorphosis - a 6 month journey to become the best version of myself
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Hey I am Shrikar I'm 27 years old, after failing to build and scale 3 startups and burning through all my savings I have decided to become the best version of myself in next 6 months and to do it publicly. Here is my plan to systematically achieve it:🧵👇
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One of the most tangible ways to tell if someone is a short term or a long term player in crypto is by observing if they decide to sell it immediately or HODL it
Important token details: - Total supply - 10 Billion - 11.5% of the supply will go to Arbitrum users. - 1.25% of the supply with go to DAOs. - The majority of the supply - 44% will be held by the Arbitrum Foundation. - Snapshot was taken on February 6.
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