🎧 How to Become a Successful Crypto Threador
Round Table Recap: May 3rd, 2023
Becoming a successful threadoor on Twitter can be lucrative. 🧵
CryptoBlooom and Kadeem discuss key elements for creating engaging & informative threads that attract readers & generate income.
You can listen to the full audio here.
Keep reading 🍿👇️
Crypto Blooom @CryptoBlooom
CB has been in crypto for several years post the 2017 ICO boom.
He has been obsessed with crypto and DeFi and is now working full-time in the space.
This involves writing about news, research, and threads on Twitter especially.
On the side, he explains how he uses Twitter to be updated on exciting narratives continuously.
🎧️ Which narratives is CB looking at as a researcher? 👇️
What made you obsessed with the space?
CB says that decentralization is the most interesting thing for him.
He says the BTC whitepaper gave him a good rationale for why money should be decentralized, eliminating the social point of failure.
CB says that as DeFi has progressed, the corruption possibilities have lessened.
Furthermore, he talks about how so many projects can explore the evolution and utilization of the space.
CB talks about how crypto is the complete opposite of CBDCs and is a battle for crypto to conquer.
CB talks about how he explores Zk rollups and the Arbitrum ecosystem.
He says he looks heavily into Web3 security as well.
On the Web3 space
CB talks about since smart contracts came, people have had auditing through smart contracts.
The mindset after audits means they are unhackable.
He mentions how ‘real-time monitoring’ can be the next layer of security, more centric to protocols and dApps that continuously minor blockchains and the smart contracts you use.
He talks about how it can spot previous patterns of hacks or preparations and alert the protocol before the hack occurs.
He says this can prevent capital loss way faster.
Forta Network and CyberAI have showcased these capabilities.
How did you get into the freelance space?
CB says that if you are passionate about crypto, start writing for yourself.
He mentions that you must study initially to have fundamentals before writing numerous articles on Medium.
Following this, you contact companies and work for free or at a low rate, effectively selling yourself.
He says this is one of the easiest and most effective ways to get a foothold in the space.
CB says that for any crypto/news company, you must ensure your info is accurate.
He emphasizes that as a threader, this can push companies to explore your content easily.
CB says that for crypto, Twitter is the utmost essential app.
He explains how building a list on Twitter, writing threads, and building a following is an excellent way of being accepted into a crypto firm.
CB says writing about events, DeFi topics, and building networks can further your account reach.
He emphasizes the importance of threads and improving your writing this way.
CB says doing project reviews was the most effective way he succeeded in his work.
He talks about looking at successful people doing what you want and using that structure with the needed information.
🎧️ How to become a crypto threadoor
As a threader to get clients, it's best to build an organic following which takes time and consistency, and have you continuously post tweets, posts, and threads on projects.
CB says networking and being in groups with like-minded individuals are also key.
CB says that following this, projects can pay you to write threads.
CB says that as a writer, you must also look at a project to ensure you are not writing about on/off assignments.
He emphasizes the aim of building a loyal following.
🎧️ How you can gain clients as a crypto threadoor 👇️
How do you feel about DEXs in DeFi?
CB says that DEXs are one of the most popular dApps.
He says 80% are forked from another project and re-launched on another network.
CB says the risk of being rugged is high as most teams are anon.
Furthermore, CB says most DEXs have been battle tested and to be cautious regardless of audits on security.
CB mentions how DEXs will improve as DeFi evolves and be more user-friendly for lesser informed audiences.
In relation to the regulatory framework, CB questions how regulation will work on DEXs without a center of authority.
🎧️ The Future of DEXes and Centralized Exchanges in Crypto 👇️
How do you balance your risk going forward?
CB says that he does spread funds across CEXs and de-centralized wallets.
Furthermore, diversifying across all stablecoins that are relatively deemed ‘safe’.
🎧️ Balancing risk in crypto 👇️
What is the most effective chain for you?
CB talks on Arbitrum and how just spending an hour on the chain, he says, is the space to be.
He also mentions how all other chains are positive, but Arbitrum stands out to him.
CB says the DEXs like Camalot on Arbitrum have prioritized security well.
Furthermore, he talks about zero-lending projects that have provided positive returns too for users.
🎧️ CB’s views on Arbitrum ecosystem 👇️
Where to research projects?
CB says following user accounts on social media is the most effective way.
However, he says utilities such as define.fi show trending coins on each network.
Researching to find a good coin to provide positive ROI is the aim, CB says.
Furthermore, using CMC and CoinGecko and exploring the new listings panel can help you find a transparent team that provides plausible returns.
CB says that trading is complex and that the DCA strategy can be very effective and easy.
🎧️ CB’s best strategies for researching crypto projects 👇️