A lot of people criticize @believeapp. But itâs changing our life and @subyhqâs đ
Thanks to $SUBY, weâre iterating faster, executing our vision, and building the best crypto payments product. Quick recap of the last 5 months:
I left Louis Vuitton after 3 years where I launched our NFT collection, Louis Vuitton VIA, to build Suby.
Since January, weâve been grinding:
â˘Product discovery
â˘Iterations
â˘Backend / frontend / blockchain
â˘MVP launched
Our goal? Move fast, find real pains in crypto pain points, build something modular, adaptable, and scalable.
These last 5 months have been the most intense of my life.
Last month, we finally launched.
â˘@base supported us on social
â˘@jessepollak retweeted and commented.
It felt unreal.
But... this month has been the most frustrating so far:
â˘0 clients from BD
â˘Only 10 merchants onboarded
â˘Just 10 payments processed
I reached out to 100+ crypto SaaS companies. Always the same answers:
- âWe donât have recurring volume in cryptoâ
- âNo real demand for recurring crypto paymentsâ
- âWeâre focused on growth, crypto payments are just a nice-to-haveâ
I even spoke to competitors (shoutout to Jasper from @coinsubio, @dalpattapaniya from @CopperxHQ, @YokiFinance Team, Atlos Team) and they were all honest:
"Thereâs basically no volume to capture in crypto SaaS."
đ 4 months of work.
đ And in 1 month, part of my vision went up in smoke.
Two weeks ago, we jumped back in.
Talked to users, re-iterated, did more product discovery. And a new need emerged with a clear customer demand but we had to move fast.
Problem?
We needed to hire to move fast, but had no money. No traction â no VC â no grant. And even if we raised, it would take too long.
Thatâs when Believe came in.
â˘We launched $SUBY
â˘At first? Nothing.
â˘Then⌠BOOM: $2M MC, $9M in volume, fees rolling in.
What happened over the past 48h?
- We used that cash to hire two freelancers.
- Now our next feature will ship in days, not weeks/months
And this is just the beginning.
Thank you @pasternak & @maruthibasava
Thank you @nikitabier for spotlighting Believe
Thank you @alliancedao for backing Believe
Youâre all responsible for whatâs happening now.
Only in crypto. Only with Believe
every new meta in crypto gets called dumb by majority of CT, i don't think i have ever seen an emerging one be celebrated
issue is you cannot accurately determine whether the new meta will fail or not at the onset, and not participating is usually expensive bc they get their own speculative premium regardless of if they end up succeeding longterm
for ex. L1 trades in the 2020-21 cycle were ignored by large majority bc of how consensus eth was, and sol ended up doing well
but trades like axie were also not popular & still went to ~$10B but ended up not being sustainable
friend tech another example
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