No jokes — spend a few minutes scrolling through CT, and you won’t be able to tell the difference between the current sentiment and Djo’s end of the beginning, given the way folks are regurgitating the rhetoric that this might just be crypto’s last cycle!
For what it is worth, this cycle might look and feel different but the reality is crypto is far from its apocalypse.
Rather than this being the end of the beginning for crypto, what is occurring is, in fact, the start of a new era — an era where a few changes are being made in what end users prefer or what the market responds to.
A good example is the shift from general-purpose L2s with zero moat underneath to those building utilities at the bottom.
The reason behind this shift is pretty straightforward: L2 tokens, beyond governance, don’t offer much.
There’s barely any real demand for these general-purpose L2 tokens because they dropped the ball on building a strong token flywheel. Without that, they’re just... there, taking up space in the ecosystem.
Another big shift this cycle? Projects and applications are waking up to the fact that retail users and communities have had enough of VC-dominated protocols.
The message is loud and clear: if you want to win people over, you’ve got to go all-in on a community-first approach. That means rethinking TGEs and pre-market activities right from the start.
Lastly, we’re witnessing the rise of Genesis NFTs — a fresh way to reward not just early adopters but also those who stick around for the long haul. If you need a case study of how this is playing out, take a look at Kaito AI.
Honestly, it feels like the entire ecosystem is going through a much-needed detox — from the way things are built to how they’re marketed and how communities are engaged. Honestly, it’s about time.
The real question is: which projects are actually riding this positive wave?
If you’re a true blocmates-maxi, you probably already know the answer. We dropped a primer on Superseed right before we disappeared for the holidays. So if you’ve been paying attention, you’re ahead of the game.
What is Superseed?
If all this feels alienating to you, Superseed is an open-source, permissionless layer-2 [L2] OP chain with a built-in collateralized debt position (CDP) protocol that lets users borrow against a wide range of tokens.
The standout feature? It enables self-repaying loans, thanks to its unique super-collateral system. Superseed redirects earnings from sequencer fees, fees from non-super-collateralized users, and its proprietary proof-of-repayment auctions to chip away at outstanding loans.
And it doesn't stop there. Superseed is making bold and strategic moves that align with this cycle's trend, all of which we can categorize as a trifecta. Stick with us for a bit — we promise it’ll all click.
The Superseed trifecta
As we mentioned earlier, the real focus is on protocols that are embracing these changes or at least optimizing for them.
In the next few paragraphs, we will run through why Superseed is a prime example, detailing a trifecta that has to do with its unique value proposition, how Superseed is positioned as a community-first network, and its approach towards rewarding early believers.
Built-in utility
Superseed truly stands out as an L2 with a real moat, thanks to its architecture that creates a compelling flywheel effect for its native token, SUPR.
SUPR is set to be one of the first tokens granted ‘supercollateral’ status, making it highly sought after by users looking to secure on-chain loans.
Positions or loans overcollateralized by 500%, with SUPR as the underlying token, will qualify for programmatic debt repayment — an innovative incentive that drives further utility for the token.
Community-first approach
Superseed has made a bold move to put the community first by opting for an ICO-style public sale, called the Supersale, without giving VCs any presale access — a refreshing break from the norm, tbh!
This zero-VC approach signals a clear commitment to a community-driven ethos.
The recently concluded public sale ran for 30 days and raised around $4 million from 1,148 participants.
What’s even more appealing to the community is the valuation of the SUPR token. The sale was conducted at a $100 million FDV, with a starting market cap lower than $20 million — an enticing setup for early adopters.
Rewarding early adopters and post-mainnet participation (points)
This is yet another example of how Superseed is staying ahead of the curve. Early participants in the Supersale enjoyed exclusive benefits, including a 10% and 5% discount on the token price for being among the first to join the sale.
But it doesn’t stop there.
These early supporters, known as genesis seeders, will also receive genesis passports — a permanent proof of their early backing and belief in the protocol.
The concept behind these passports is to act as a value magnet, attracting post-sale incentives and exclusive perks for their holders.
It’s a clever way to reward loyalty and build long-term engagement with the community.
Superseed is set to launch on mainnet 30 days after the Supersale wraps up, which puts the go-live date somewhere in early to mid-February. Excitingly, applications are already preparing to debut on the platform, signaling strong early adoption.
Moreover, Superseed has teased a points system to reward users who interact with protocols on the network after mainnet launch. It’s a smart move to incentivize activity and build engagement right out of the gate.
Closing thoughts
Superseed is being optimized to enable consistent activity on the protocol in the form of daily auctions and financial viability by utilizing various streams of protocol revenue to create a sustainable flywheel.
All of these actions, combined with a well-thought-out strategy to reward not just early but consistent participation within the network, prepare Superseed for life after the mainnet and push the protocol toward success.
Superseed’s inclusive protocol mechanics place it among the few networks that genuinely prioritize users via tangible actions.
Users want to be involved beyond one-time incentives, and Superseed understands this.
Note: A handful of the blocmates team participated in the Supersale, take any bias with this in mind.
