After the research conducted on the $REGEN tokenomics in Q4’23 and proposal formation in Q1’24 here’s the landscape as I see it.
Strengths
- Science – new methodologies keep being developed, this factor is one of the key differentiators compared to other web3 networks/platforms
- Brand – Regen Network was among the first movers and managed to save a good name in the community (again unlike some other carbon platforms)
- People – i’ve met a lot of capable and committed people, who basically form the network. Their connections and trust is a basis for the network
- Access to US capital – there’s a big concentration of network in US, which is the biggest capital market in the world (compared to projects from other countries)
Weaknesses
- $REGEN network as a blockchain haven’t managed to attract a developers ecosystem with the given funding, only RND is developing on Regen chain
- There’s some economy (eco-credits sales), but it’s mostly off-chain (on-chain sales in Q1’24 – $55, off chain – $40k+)
- Liquid funding needed for the changes or further development has almost dried out (Total assets: $120k in liquidity pools, RND has 1 year admin budget, foundation – 2 years)
Threats
- Market Challenges: Risks include the potential collapse of crypto carbon and natural markets or the lack of a market for eco-credits other than carbon.
- Irrelevance: The project could slowly become irrelevant if it fails to keep pace with the evolving market needs.
- Leadership Vacuum: There's a risk that all of Regen's leadership and ideas could be stolen by others who are primarily motivated by financial gain.
- Conflicts: There could be infighting and political fracturing within the core team which could jeopardize the project's progress.
- Negative Association: There's a risk of being coopted by non-regen initiatives or getting a bad name due to association with 'Eco Scams'.
- User Experience: If the user experience is consistently poor, it may hinder growth and expansion.