@drneyo

The moment the incentives collapsed, the entire user base vanished. PMF = failed. The illusion of their traction and user base was driven by tokenomics, not an exact product value, that's why when it was clear that the main bait wasn't valuable anymore, the assumed user base crashed. So, as a builder, your goal is to find users whose core needs match what your product actually solves, not just those who show up for rewards. But does that mean rewards are bad? Big NO When building a product, the first question you must ask is : Will they use your protocol because they love the experience or because they expect a reward? Will they stay when rewards dry up? Can you monetize them at all? It can be tricky cos both works, but one is temporary and fast while the other is long-term. If it's solely for a reward, you'll have fast traction, and it'll look as though you have real users, but when your token/tokenomics fail, your assumed users also leave.

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