Retail Investor Confidence Building for CFG Coin

Hard core supporters in my groups have started to question the decision to stick with Centrifuge. It is not a happy space for me personally having supported the project for more than a year. It’s kind of questions everything you have learnt about fundamentals in this space.

Also the strong feeling has started to seep in that core team doesn’t care about retail investor since this is B2B product and hence they don’t care and engage.

Retail Investor do not know what team is working on or how they plan to get the investor confidence back. People feel either team is over confident or taking retail investors for granted.

Centrifuge core team, please take this is criticism to your engagment with people and I sincerely hope things change for better soon.

1 Like

Hi Ashley,

This is the first time you’ve posted in the Forum :slightly_smiling_face:
What are you questioning about the fundamentals in the Space?

In terms of keeping up with what the Centrifuge team are doing, or more aptly, key activity in the Centrifuge Ecosystem there are several ways you can do that:

  • Join our Community Call (first thursday of everyone month, link posted in the Forum and in channels), this is where we announce things first. In July we talked about our Asset Origination process and plans for TVL - you can check the video, and all videos here
  • We’re starting a Governance call in October (for serious users who understand the product and market enough to have discussion around Governance) - might you be a good person to invite to this?
  • You can receive our newsletter which has short and sweet updates
  • For information on pools go to the Pools section of the Forum where Asset Originators post about updates
  • We publish blogs with news on big wins, parnterships and plans for the future here
  • There is an ‘Digest’ update posted in our Forum every 2-3 weeks with the latest updates
  • We post update about governance in this Forum channel
  • We post news about our integrations and partnerships with Maker and Aave and other protocols in this Forum
  • News about the Twitter spaces and Crowdcasts we hold in collaboration with other protocols can be found on https://twitter.com/centrifuge and https://twitter.com/altair_network
  • The next community call will feature an update and deepdive into changes and plans on our product and UI with a blog to follow, I’ll post the link soon, please join, we’d love to have you.

What other information are you after?

:cyclone:

7 Likes

What?!?!?

Have you seen the CFG rewards for retail?!

https://tinlake.centrifuge.io/

its 40% extra above the yield you earn for providing the loan.

4 Likes

Hi Ashley, thank you for this feedback. Kate provided a great list of the kinds of communication we provide to the community, but I’d like to hear more about how you see a project (and other projects) in general.

Regarding “Retail Investor do not know what team is working on”: what kind of updates would you want to see more of here? We’re pretty open on what we’re building and launching on Tinlake (pools, Maker/Aave integrations), but I do agree that we could be more open regarding our work on the protocol — is this what you are thinking too?

What else are you looking to hear more about?

What kind of markers or methods of communication do you look for in a project to have confidence that the project and its team care about individual investors?

Looking forward to hearing your thoughts!

2 Likes

Hi Ashley.

Thanks for sharing the concerns from supporters of your group. Please encourage your members and especially those who are in doubt to share their opinions here for an open discussion. This is the only way to clarify and solve uncertainties as you can see the team is answering here in an open and transparent manner and tries to support wherever it is possible

2 Likes

The Centrifuge team need to wake up, it’s clear that the team does not know how to properly grow this project, the coin is under a 2x for ICO investors, the main coin is often significantly cheaper than the wrapped version by 5-10% and coinlist is the only exchange that has CFG and the volume is terrible.

A lot of the community has already ditched this project, and a lot of people I speak too are also planning to just sell and cut their losses on this, we need a new exchange like coinbase to showcase that this team takes this project seriously for the investors, the price of the coin and the fact that only a single exchange has the centrifuge coin makes it seem that this is not a serious project at all.

Now is not the time for talk, it’s the time for action, the community wants the team to negotiate new exchanges, no more of this talk that exchanges choose who they list, the team has to go out and negotiate these exchanges or this project is going to be a write off for many people. I know lots of people feel this same way as me, so it’s time to get to the point and stop beating around the bush.

I think the retail investors are losing faith in this project - We have been in CFG for close to a year now; and now into the crowd loan. Mind you, a TON of the people are small investors for whom blocking 0.5-2 KSM for months is a big deal. I really hope the team has some last minute plan - like Heiko because the way the crowd loan is going, it will impact CFG and project in general. And then no matter how influencers recommend CFG - it won’t work

Agreed, a lot of the community are very respectable and loyal to the team and therefore not direct enough and this is the problem.

At the end of the day, we are retail investors and want the coin to be successful price-wise, this happens with new exchanges, it’s ridiculous that this coin has been active for months and is only on Coinlist.

The team needs to show that they respect retail investors and get us these new exchanges, the whole interrogation and community update stuff is irrelevant to this topic, this needs to be done in parallel to new exchanges.

Show the retails investors that you respect us by getting us a new exchange or we will not stick around for this project.

sounds a lot like make us money NOW or we leave… patience

We don’t want money “now”, we want there to be progress, it’s unacceptable that Centrifuge is on one exchange, and the wrapped version is on a few low quality exchanges. What could the reasons for this be? Either the team doesn’t care about the exchanges, or the exchanges don’t believe in this project.

The volume shows there is no interest in this project, the price is just slowly bleeding. The team refuses to discuss any of this and pretends everything is smooth sailing, a lot of the community is dissatisfied, even the people who believe in this project are disappointed and starting to show this on the telegram chats.