Hey Octofam - after reading Doc's departure on tuesday, i spent like 8 hours reading everyone's response here. Wanted to get a real pulse on community perspective and widen my own. I think it's important that I share my candid thoughts as the the Octagon team meets. I hope this helps as it is meant to be entirely constructive and apologies in advance if it comes off too harsh - truth and tough love but it’s all love from me (i havent sold a single Octo fyi) ... anyway check it out:
my concerns about octo… i can see the latest news as working for octo's favor long term as a Dao as long as it works. short term fud. BUT ... are octagon members qualified enough just bc Octo peeps vote? is 8 enough to compete with the most competitive and fast Defi space? I suppose could hire out, as well. that's my initital thought. My main concern is the vision, purpose and execution of Octofi. Pics of Octagon team on Octo site do NOT look professional. Press release about team takeover should happen along with roadmap execution it will show strength.
-firstly, the site STILL does not load like a normal website, just a blank screen (on chrome). I have to do a special command which is beyond unacceptable.
-Making a transaction on the Dex aggregator AND Uni always fails for me (doesnt work). I can transact smoothly anywhere else (1inch,etc) so why would I ever come back to this?
-Pertinent info like Apy percent missing from adding liquidity section making the section useless. People add liquidity to make money. what’s the percent??
-there's no saving favorites/profile setting/portfolio creation feature making the explore/market cap/assets section a tiny fraction of what it could be and doesnt keep people coming back to it bc of this.
-The wallet ... there are so many issues with the wallet concept and it being the flagship focus makes me very concerned. what if it flops? how can you guarantee security? user understanding? Offer Insurance? Certik-verified protocols are hacked all the time. What is Octo going to do to create trust greater than Trust wallet or Metamask? The savings is a selling point to this, but will it be enough to compel people to switch? Examples of savings. What about when transaction fees are solved? Wallet savings point becomes pointless so all about usability and security then.
-There isnt an app off the bat - there NEEDS to be in order to compete and it needs to be amazing. in addition to the wallet app, should also be an octo app or section in app where i can see and save and edit assets and portfolio and same is reflected on website, just like CMC or Cgecko.
-The proposed IDO launchpad concept is nothing new there are literally dozens and dozens of projects implementing an IDO platform. What is Octo doing to make this competitive?
-The incoming interoperability on BSC/Poly is GREAT and badly needed and the added pool creations will be a major positive and will show positive team organization.
-Kucoin AND FTX AND Ascendex should have Octo listed - ALL of them not one of them … this should be a minimum. A crypto not on a real exchange is simply not a real crypto in the sense that its not competing against the industry. it will showcase positive movement and team strength.
-But Octo STTILL needs a working product which it does not have and it still needs to establish its valuepoint in Defi. As of now, a ragtag website and a pocketfull of memes. That only lasts so far. Hold the memes until the product is solid, otherwise it looks like some childish toy and not the real thing. And that way the marketing is deployed with the product. Focus. Clarity. Useability. Make Octofi a necessity.
-Also, the description and selling point is very very confusing and misleading for the layman. What the hell is Octofi? How or why would I use it? Is it safe? That's what people say AFTER reading the website. Octo has a fighting chance, but it needs a lot of work.
-please wow us. these are all solvable problems. be the badass octogon the community wants to see. 👍❤hbt0707