Good afternoon, dear community! Day before yesterday, we held an AMA session for our whales to openly and honestly discuss the situation with $BICOIN, answer your questions, and share our future plans. We understand that many of you invested your funds and trust into this project, and now we want to explain what went wrong, the lessons we’ve learned, and what we plan to do moving forward.
---
1. What went wrong with $BICOIN?Issues with the launch and market making - The project launch was initially decent, but we immediately ran into problems with market making. The main issues were the inability to buy back enough tokens, which led to a lack of tokens, and unnecessary pressure on the price right from the start.
- We don’t want to shift all the blame onto the market maker, but the fact remains: the MM kept making mistakes. Sometimes we deviated from the agreed-upon plan, and other times there were unnecessary buys or sells, which negatively impacted the token’s performance and the overall budget.
Advertising campaigns - We really invested a large budget into advertising (over $100k). However, only the first campaign turned out to be effective. Repeated promo posts from bloggers not only failed to deliver the expected results but also created additional pressure on the price.
- We were especially disappointed by influencers who worked for a % of the supply and promised not to sell the tokens under any circumstances, but ended up dumping them. Working with influencers for a % of the supply is a no-go.
---
2. Current situationRight now, we’re in a tough spot:
- There’s no liquidity or any activity in TRON in general.
- The overall market (including BTC) is performing poorly, which makes the situation worse.
- Even if we try to pump with the project’s remaining funds, it will likely only lead to a temporary relief but won’t trigger sustained growth of the token.
---
3. Our solution and next steps- Our main focus has always been on trading and fundamental analysis. Many of you know about our startup,
JustineAI — a project that has the potential to become a tool for traders to analyze the crypto market and provide buy/sell signals. The project will have its own token for access to certain features. Right now, we’re in the fundraising stage.
- We’re planning to enter the market with a new approach, and here’s what we’re offering: For $BICOIN holders, we’ll provide compensation in the form of an equivalent amount of tokens from the new project.
- We’ve learned our lessons from the $BICOIN experience and will be much more careful in both our actions and communication. JustineAI has every chance to become a successful project thanks to the experience we’ve gained.
The future of the memecoin - The project isn’t dead. If in the future we see a suitable situation and an opportunity for a successful relaunch, we’ll consider reviving the project.
---
ConclusionThis experience has been an important lesson for us, and we’ll do everything we can to regain and justify your trust in the future. Our team will continue working on projects, and we’re confident that JustineAI will become a product that benefits the entire crypto community.
Thank you for your questions and participation in the AMA session.
Website |
EN Chat |
NFTSunSwap |
Chart |
Stake
