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133 sats \ 3 replies \ @StillStackinAfterAllTheseYears 2 Apr \ on: Geyser AMA 🙌 😎 AMA
Have there been any noticeable project failures in Geyser, and if so, are there lessons from them that could benefit other projects?
There are no project failures per se. A project on Geyser can remain active for as long as the creator wants. But crowdfunding requires proof of work, and consistency. Most projects that don't receive any funding are also inactive.
Crowdfunding is inherently social, so the best way to increase your chances of success is to communicate a lot and build up a community around your project. If you can build a group of people that love what you do, the funding will follow.
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We had 1 impersonator, and one scammer running away with funds and not sending their promised rewards.
That's why it's so important as a contributor to rely on the social reputation of the creator as a key signal of trust.
Which is why creators should login on Geyser with their social accounts where they have accumulated trust.
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There have been a few rare cases of projects impersonating or running away with funds, but the vast majority of projects are super honest.
As for failures, I can't think of any major examples. However, there is always room for improvement, which is why we are creating step-by-step guides to help creators get the most out of Geyser
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