Thanks for this run-down Stakesaurus! Agree with everything you laid down.
On the execution side of things, happy to personally share that the activations were a good success as a starting point, as shared by Stakesaurus above. Definitely a battle though in terms of execution, given home staking being a fairly new concept to the local communities.
Building on Stakesaurus’ post, I’d like to dive a little deeper into the recommended next steps.
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Awareness is still hugely needed. Before we can see progressed adoption of home staking locally, it’s still apparent that the Philippine community still has ‘warming up’ to do. On top of our recent activations, a huge percentage of local users are still unaware of what ‘home staking’ is. This would be possible by doubling down on our awareness verticals, as proven by my team in the previous months.
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More accessible community. In the Philippines, Discord isn’t used as often as compared to Facebook and Telegram, especially for crypto users. We recommend that for the Philippine market, we focus our efforts on growing the existing ‘Lido Philippines Home Staking Community’ Telegram channel we built last month.
This would also need to be paired with constant communications not only from Bitskwela but also from active Home Stakers from other countries in an effort to ‘inspire’ and engage locals.
- Bitskwela can also tap into its network of schools and universities in the Philippines to onboard IT-inclined organizations onto home staking. This would be a brand new effort for any player, which the reaction cannot be fully predicted, but is worth attempting. These then would be attached to future efforts of matching these spun up nodes with bond providers.
Overall, the Philippines definitely has potential to be a good user base for this sort of vertical, just need the resources, support, and capacity to get at it head on. The aforementioned points I mentioned would take several phases to execute. Excited for a constant communication with Lido Governance on how we can make our vision a reality for the Philippines.
GM!