🎧 Round Table Recap - How To Become A Master Crypto Researcher
Hoeem - Seven c Pirate Crew
Russian DeFi
March 14, 2023
Want to level up your DeFi game?
Check out this Round Table recap with Hoeem, a DeFi expert who drops knowledge on how to find the best crypto projects and build a solid community.
He shares some real actionable advice, like how to use Twitter effectively, his research routine, and his thoughts on mass adoption.
Plus, he spills the tea on his own project, SevenC, which is all about educating people on the ins and outs of DeFi. Don't miss out on this crypto goodness!
Listen to the full audio here
Panel
• Kadeem Clarke @Crypto_Clarke - Host
• Hoeem @crypthoem - Guest
Introduction
• Hoeem produces DeFi education on Twitter and research education, producing tutorials on how to use free crypto tools.
• He also provides info on how to identify the next gem.
• Hoeem has been in crypto for almost 2 years and has been playing around with various DeFi products.
• He plans to build an educational community to produce a crypto-native brand.
When someone asks where to learn about DeFi, where do you send them?
• Hoeem emphasizes that using Twitter correctly works efficiently if you follow the right people.
• He talks about how retail users drift towards moonshot boys who often talk about micro bags. Following these types of people will only lose you money.
• Hoeem aims to bridge this gap and let people know the proper accounts to follow and the correct alpha to learn.
• Hoeem also mentions that there needs to be a certain amount of accountability for what everyone is doing on-chain and that utilizing on-chain data in your due diligence is vital.
What kind of DD do you do when someone asks you to take a look at a project?
• Hoeem has a knowledgeable community where he’s built a reliable network in the space. He says knowing more people in crypto has excelled his fundamental knowledge.
• He uses the phrase “10 minds are better than 1 mind.”
• Hoeem reiterates that having a network alleviates the risk by allowing you to bounce questions off one another.
Research - Do you have a research routine?
• Hoeem uses a token terminal with features where you can filter through protocols with solid revenue and compare that to their market cap, which can lead you to spot a mismatch. This will tell you if a protocol is generating revenue or not.
• This can let you further research protocol and see their products and tokenomics.
• Hoeem mentions Defi-Llama as a tool to see where the liquidity is going for a project. Doing this allows you to see if there is an opportunity going into the chain.
• Is there any untapped stablecoin going into that chain, for example?
• Is there an exciting product yet to release?
• Hoeem excitedly mentions Dune analytics, a visual platform that allows you to flick through users’ data, such as use cases and extra things to add to your confluence. Bubble maps are a visual aid that will enable you to look into the history of a token and who the primary holders are.
• This tool also tells you if there’s a majority wallet holder.
Mass adoption
When and what do you think mass adoption will look like?
• Hoeem believes it will be a while till we get mass adoption.
• Questions about how older people would navigate the world of crypto.
• Questions about how retail users would navigate the world of self-custody and safety issues that would have to be fixed to progress mass adoption
• Hoeem says web3 needs seamless interoperability to get valid mass adoption, similar to what we see in web2.
• Hoeem mentions low-level mass adoption from big companies involved in Polygon and Ethereum. Companies like Nike, Adidas, and co.
• Hoeem questions how people can be better secured. As it's too easy at the moment to be hacked through phishing scams.
• Kadeem says slowly progressing from Web 2 to Web 3 is an excellent way to do it, like how Polygon is doing now on-chain.
• Bringing Web 2 companies through to Web 3 would be easier to have that seamless transition.
• Businesses and institutions are adopting the technology but need to utilize blockchain fully inherently
What does community mean in crypto?
How do you approach building one? What are some examples of good and bad practices?
• Hoeem talks about how this is a massive aspect of crypto and can quickly become an echo chamber where you only hear what the people around you are hearing.
• If you play devil's advocate in a sense and a relist, then you can form a better opinion on specific projects.
To get the most out of your community, you should:
• Provide value
• Always be interacting
• Listen to all views
• Have an open and healthy discussion about topics and disagreements.
• Distribute content across multiple platforms.
What are you currently building/working on?
• SevenC’s overall arching brand links to Hoeem’s anon CT identity of a pirate. ‘SevenC’
• With SevenC, he wants to build, aggregate, and provide Twitter threads and different bits of education to his audience and introduce a discord group.
• Already has released financial NFTs
• SevenC newsletter, which is incentivized with a free research tool PDF he’s providing to people who sign up.
• Then he also has the Discord community, which will be under the SevenC brand.