Loudio is at a $2.1M mcap and generated $444K fees it’s about to distribute to the top 25 participants from the week 1 kaito leaderboard.
What could have been done better?
I think they proved the value of “AttentionFi” with the way they dominated the leaderboard leading up to the TGE.
What I think needs to be done moving forward for them or any projects looking to capitalize on this meta is having a source of revenue for the leaderboard that’s derived outside of trading fees from the underlying token.
Trading fees have proven to be extractive in the past, and in this case showed that even with an added incentive at the top - it’s still difficult to carry by itself.
The other option @stayloudio could take is more synergies with outside projects that are available to those outside of the top 25. A reward based system that concentrated at the top drives a lot of attention for a few, but it loses the attention of everyone outside of that group.
Overall I still think the success of the experiment is showing what works and what doesn’t. I don’t think it dies after this. Definitely think there’s valuable info that can be taken from the experiment for not them and anyone who is looking to build on the idea for their project moving forward.