The article emphasizes the importance of trust in the crypto industry, highlighting that users critically evaluate startups. For success, founders should focus on transparent communication regarding their product’s value and limitations rather than relying on traditional marketing techniques. While startups often launch without full licenses or extensive funding, implementing a transparent approach can establish credibility. The discussion includes adopting a 'Build in Public' methodology, where clear communication about the product's operations is key to gaining user trust and avoiding skepticism in a landscape that can easily label operations as scams.
If you think trust is only important in personal relationships, reconsider—it's crucial for crypto startups where transparency defines success.
Crypto users are knowledgeable and will scrutinize products. Startups must build trust through transparency not flashy marketing to avoid being labeled a scam.
Founders can build trust from day one through transparent communication about their product’s value and limitations, which is crucial for success in the crypto space.
The Build in Public approach in crypto focuses on clear communication about product functions, essential for startups needing to establish trust.
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