Alchemist CALL
July 6, 2021•225 words
Alchemist - MistX (https://medium.com/alchemistcoin/mistx-and-the-power-of-flashbots-f686420b6fd1)
Crucible - https://medium.com/alchemistcoin/crucible-and-aludel-explainer-86c3e6e5c49c
Alchemist Call Notes:
15 -20 Developers (part and full time)
Builder community - closer to 30 (producing stuff for Alchemist)
Core Team is design/marketing
Protocol that incentivizes building in the most abstract sense, cool shit.
Did a fair launch, raised 35 ETH that went directly back to liquidity mining. Inflation is a tax on holders, to build products, that goes back toward building things that add value to community.
Crucible Farm - first product
MistX - flashbots based dex aggregator (KPI is # of daily users)
Cooper - fair launch front end (ties into Balancers smart contract, received a grant from Balancer)
Sandwich - educational site about front-running
#1 Goal that they're trying to achieve:
Each product operates as an independent startup - market share/revenue (growing one or both)
Goal for Alchemist itself - experimentally achieving the optimal structure to replicate success, feeding people thru a funnel that leads to that.
# of successful revenue generating products that they produce is their KPI
Each project has a project lead contact
When a potential product comes out, they have an existing builder community that self formulates a team around it. Self-forming teams in a community context.
Cross-pollinating communities - use XIO token to help them hit specific KPIs.