Hi guys there are a few things I wanted to share with you all on everything recent and the future,
so we can understand each other better and the position that we are in currently:
First of all, the past couple months:
- Unfortunately, after the hack the team morale except a few people was gone, and trying to lift it up didn't work coupled with the fact that the new launchpad product was still not good enough.
- Couple that with a recently hacked launchpad, it was very hard to find any good projects to launch, in the broader ecosystem 98%+ of the utility launches were failing too, so the broader health of the ecosystem didn't help too in a dire time.
- We always earned our own living at Seedify since 2021, and after the hack we tried our best but we simply couldn't earn a constent income anymore.
- The preparation I did and seeing vibe coding meta coming, was the route i saw to change our trajectory and turn the ship around by positioning on the next thing.
But even though we saw the meta early, coupled with a devastated team morale, a recent hack, the product problems, and earnings stopping made things much harder to revive the launchpad side.
- In these conditions, I have to turn the ship around myself first because we can't afford to not earn constistently, that will just create debt. Once I pay our current debt, I will start to revive the team step by step. This is close to half of the salary we used to pay monthly, so it's not an amount that can not be paid or something, but if we keep the team the debt will grow so we can't really do that before earnings become consistent.
- If Uniswap hooks would be approved in time, I was expecting to pay those and not have this problem with but unfortunately the delays there, made us both lose the momentum, and incur debts.
- I have worked 18 hours most days in the last 6 months, for these kind of times, knowing if things get hard, I can couple myself with the ability to turn the ship around.
- I think it's better for all of you guys to know the state of things.
We became one of the first profitable companies in crypto, and back then I started everything solo too at first, creating the community, writing the blogs, designing the visuals, moderating community, creating the websites and the token etc, when there was no ai.
Right now with Ai helping us we can do it again much better. I have probably made more commits and spent more time than anyone else in crypto with vibe coding/agents/terminals, and i am trained enough to turn things around.
I will make sure that the airdrop you guys will get will be worth something really good, that's why I didn't want to launch before the right time, and Seedworld asset holders will also get an airdrop too from Spark.
The product is at a state I can launch, just need a few more days, token that will be airdopped will be soon too, but I want to make sure war related news doesn't effect the attention on it.
Finally you can check my github too on how active I am, probably you won't find a more active builder, that will make you see that I am not giving up on anything, instead we will transform this darkness and create a new cutting edge company out of all this darkness.
I sure wouldnt have wanted that hack, and everything that happened after. But I will be here building and turning things around, whatever comes.
I wanted to share all this sincerely with you all.
Levent
