🏆 Community or token ? Why you need both to win
And holiday to-do list and must-reads to keep web3 CFOs up to date
Today's Agenda...
Lessons from Galeon’s COO: Build a strong community and protect your token strategy to ensure long-term success in web3. 🚀💡
Stay sharp this holiday season: 3 must-have resources to keep web3 CFOs informed and ready for 2024. 📚🎯
⏰ Reading Time: 4 min
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The secret to building a thriving web3 business : lessons from Galeon’s COO
🚀 How do you launch and scale a successful web3 project ? That’s the question I posed to Matthieu Gueniffey, COO and co-founder of Galeon, a trailblazing healthcare blockchain project. His insights ? Laser-sharp focus on two pillars: community and token strategy. Here’s what you can learn from his experience.
1. Build a community that becomes your greatest asset
Matthieu calls Galeon’s early supporters their "pioneers"—and for good reason. With their help, the project raised $15 million from 40,000 contributors. But these weren’t just passive investors.
“The strength of a community lies in its ability to act like super-fans. They don’t just back your project ; they become your evangelists,” Matthieu shared. For Galeon, this meant their supporters helped open doors in hospitals, effectively becoming business developers.
💡 Takeaway: Invest in fostering a passionate, engaged community that believes in your vision. They’ll do more than invest—they’ll amplify your reach and credibility.
2. Treat your token as your company’s war chest
When it comes to tokenomics, Matthieu’s advice is crystal clear: protect your token like a treasure. At Galeon, they resisted the temptation to distribute tokens recklessly, choosing instead to pay influencers and media in stablecoins.
“We wanted long-term investors to win with us,” he explained. By carefully managing token distribution and avoiding quick cash-outs, Galeon ensured its token remained valuable over time. Matthieu likened this strategy to Bitcoin's early distribution model, where wide dissemination fostered long-term value growth.
💡 Takeaway: Be strategic with token allocation. Prioritize stability and long-term growth over short-term hype.
3. Final thoughts
Matthieu’s advice underscores the essence of web3 success: community and careful token stewardship. Whether you're an entrepreneur just starting out or scaling your project, these two principles are foundational to long-term sustainability and trust.
👉 Want to hear more insights? Check out the full episode of Behind the Chain with Matthieu Gueniffey here.
🌟 What’s your approach to building community or managing tokens ? Let’s discuss in our TG group !
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Holiday to-do list and must-reads to keep web3 CFOs up to date
Taking a step back during the holidays doesn’t mean disconnecting completely. As a Web3 CFO, staying updated with fresh insights and organizing your professional ecosystem can be a game-changer for the year ahead. Here’s a three high-value resources to keep you sharp and informed.
1. Join the Web3 Finance Club
The Web3 Finance Club, initiated by Request Finance, is a goldmine for finance professionals operating in the crypto and Web3 ecosystem. It’s more than just a community — it’s a space to exchange best practices, discuss pain points like crypto payrolls, treasury management, and compliance, and network with peers who face similar challenges.
You can join here.
2. Dive into Bankless’s long-form articles
Bankless is more than just a newsletter or podcast — it’s an entire ecosystem dedicated to educating professionals about DeFi, NFTs, and the broader Web3 space. With articles, podcasts, and reports, Bankless provides actionable insights for CFOs who want to master decentralized finance and navigate treasury strategies effectively.
Where to start: Bankless
3. Connect with your local Web3 professional organization
Finding your regional professional network is crucial for gaining local insights into regulations, tax implications, and governance standards for Web3 projects. For example, in France, the ADAN (Association pour le Développement des Actifs Numériques) is an essential resource for regulatory updates, events, and networking opportunities.
🎄Our team wishes you all the best for the end of the year . We look forward to seeing you on Wednesday January 8 for the next release. 🎄
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Disclaimer : The goal of this newsletter is to inform and produce content related to management in the world of Web3. It is not investment advice. Investments in crypto-assets and NFTs are risky and can result in the loss of your entire capital. Always conduct your own research and exercise caution.