Boosting Babelfish: Marketing Strategies and Future Sustainability

Thank you for sharing your thoughts and concerns regarding BabelFish’s future marketing strategies. It’s great to see that you believe in the project and its implementation despite the drop in value.

Regarding your question about marketing strategies and funds from “network commissions”, it’s important to note that BabelFish still has funds that could be used for marketing. However, it may be premature to launch an extensive marketing campaign at this stage, as it could drain our resources. We need to be strategic with our resources and make sure that we’re utilizing them in the most effective way possible. We don’t want to shoot our bullets too early.

In terms of generating income, BabelFish is working on Balancing Curves which would generate income. Big part of this income should be used (IMO) for incentives for balancing stablecoin basket allocations, another part could be used for rewarding BabelFish stakers, and antoher for building a BTC insurance fund. Additionally, a portion of the income generated could be used for exlusively marketing purposes. It will ultimately be up to the BabelFish community. When the time is right, we will hold a vote to determine the best course of action.

However, I believe that rewarding our stakers would be the most effective marketing strategy as it would draw attention and encourage new people to join the protocol.

As for the other issue raised, I will just copy my answer from the other thread.

2 Likes