legitimacy+ distribution + a use case= $value

the two key elements that are needed in order to make something valuable are :

1. legitimacy- legitimacy is the ability to create consensus around something, there are some people and brands that have legitimacy so anything they will say is x will mean x to a lot of people. The interesting part is that when legitimacy meets financial assets and a use case for it ת amazing stuff happens.
2. distribution — distribution is the ability of people to buy this coin — the best channels are exchanges but online e-commerce stores like PayPal and Shopify are also amazing distribution channels.
3. a financial asset with a use case and a business behind it .

examples :

1. elon musk + dogecoin
2. justin sun+ bittorrent shiba inu coin
3. polygon rebrand from matic

what are the narratives exist today for most people in crypto \ the internet :

you need to decide which camp are you in, there are two different camps, each camp have different values and goals and different leaders (people with legitimacy )

1. make money quick camp — that is the camp of Justin sun and the army of tik tok influencers and they are very consistent with that and have a massive legitimacy in that camp . their approach is to copy and popularize and their main goal is to be good at making money for everyone involved .
2. create an equitable future camp — is the camp of vitalik and the leaders in the ethereum ecosystem e.g the instrumental projects founders like gitcoin, uniswap and others . The future is a future that everyone gets a little more out of the pie, an internet without middle man and a money system that belongs to everyone .

what are ways to leverage this :

1. for someone with a product and a coin that serves a community — in order to have success it will need to convince people with legitimacy to get involved with his project. that can be done in many ways but the best way is to show the person that the project align with his nerrative and life mission and help push it forward .

• some examples for that is polygon re-launch.

2. for someone with legitimacy: partner up with a community and a coin that aligns with your community narrative — dogecoin and elon musk are such an example and Justin sun and shiba inu is another example .

3. for someone with distribution — is the easiest — just listing assets that have legitimacy.

what kind of legitimacy — what kind of people :

• make money quickly influencers :
• TikTok investors
• Justin sun
• Charles Hoskinson
• build better future leaders :
• ethereum community-owned leading projects
• top gitcoin grantees
• ecosystem web3 projects like arweave and polkadot .
• hackathons organizers like eth global
• top media like bankless and ethhub

** but also — tech entrepreneurs like elon musk and other tech companies.

opportunities — what to look for :

• a coin with a low market cap that is backed or going to be backed by people with legitimacy & that the token represents the same narrative.

summary :

one of the best ways to analyze the chance of something to succeed is to check its potential future ability to gain legitimacy and distribution.

sometimes a product get legitimacy because its solve a great problem in the ecosystem and sometimes it gets it because of her reputation.

ways to discover this are :

• following what people with legitimacy are interested in and planning to do.
• follow what is common for all the people who have legitimacy in a certain ecosystem. (reading people’s blog posts are a great way)
• follow projects that have legitimacy and are still small ( projects taht got gitcoin grants or ef grants for example ).