Chris Zaknun and Hatu Sheikh of DAO Maker Talks About Social Mining - Ep. 17


Manage episode 270007668 series 2595584
By Bobby Ong & TM Lee, Bobby Ong, and TM Lee. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Chris Zaknun, CEO of DAO Maker and Hatu Sheikh, CMO of DAO Maker. Bobby interviewed Chris and Hatu on DYCO, what it does, social mining, their thoughts on the market, and yield farming as well as DAO Maker’s plans for 2020 and beyond.

[00:00:02] Intro
What is DYCO?
Amount raised in ICO market
Thoughts on IEOs
Social mining
Thoughts on the market in 2020 and 2021
Thoughts on yield farming fad
DAO Maker’s plans for 2020 and beyond

Quotes from the episode:

“Now we have a lot of IEOs and so on but these things do not sustain. At the moment we have a hype, right? So everybody invests. Once this hype is over the whole thing will collapse again. The DYCO is designed to be a system that can work long term no matter the market conditions.” [00:03:16]

“Now there's a saying, a famous saying, like you can fool some people sometimes, but you can't fool all the people all the time, which means you can maybe pump up a coin for three months and keep the price stable by doing marketing and hoax and bullshit, which we see a lot in crypto, but you cannot do that for 12 or 16 months.” [00:06:32]

“The social mining started off as the idea of how can we make people more bonded to these clients and stop making them jump from coin A to coin B to coin C because this is a never ending cycle.” [00:17:47]
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