Polkachu Team | 2022-05-27
In a stunning turn of events, crypto projects are pivoting to e-commerce by selling red candles online. All major crypto exchanges are listing the popular red candle products in prominent displays.
There is no doubt that we are in a crypto winter and many crypto projects are finding creative ways to survive. In May 2022, the Terra/Luna project (a top-10 coin at the time) started selling extra-long red candles on major exchanges, and the move was quickly copied by other crypto projects.
"During hard times, startups need to try everything. For example, the Airbnb founders managed to make a whopping $30,000 selling the Obama O’s and Cap’n McCains," the founder of Terra Labs said. "We know from the previous crypto winters that red candles were popular, so it is a non-brainer for us to make this move."
It has puzzled many economists why so many crypto projects have flooded the market with red candles during a time when customers actually ask for a different variety: Long Green Candles.
However, accordingly to a well-known crypto commentator @polkachu_intern, this is a visionary move. "Steve Jobs said that People don't know what they want until you show it to them. So far, it has been very appealing for major crypto exchanges to list these red candles in an interconnected and downward sloping fashion."
"I will buy one when I see one." He added.