Bootstrapping creates the value for Web3
Web3 services must provide utility to succeed in the long run. Riding the speculative hype wave is not enough.
For a decentralized ecosystem to survive, each stakeholder must feel incentivized to play an active role. We believe utility is the deciding factor toward creating self-sustainable token value. Our bootstrapping method will help you define that value.
What is Web3 bootstrapping?
Determining the project’s value proposal
Bootstrapping begins by clarifying the idea and understanding the problem space. With a clear vision of the upcoming challenges, it becomes possible to set a tangible roadmap.
Token engineering designs tokenomics
Ecosystem design is our approach toward token engineering, stakeholder incentivization, and all things Web3. It is a service design method specifically for decentralized needs.
Deliverables for future stages
The main outcome is the project’s unique ecosystem model, which is the base pillar of tokenomics. We can also help compile the whitepaper, incorporate lightweight branding into marketing materials, and develop the MVP.
Bootstrapping on high-level
What our partners think about the process
“The TX team have played a key role in helping us think through the inner workings of our value proposition, refine our thinking, and uncover adjacent offerings which we hadn’t explored. Their Web3 bootstrapping process, co-design workshops, and defining user personas truly tested our thinking to help create a unique offering which has given us a first-mover advantage.“
Ray Gill
Co-Founder, DataHive
Frequently Asked Questions
What are the deliverables in a Web3 bootstrapping project?
The main outcomes are your project’s unique ecosystem model. Based on your needs, we can agree on other relevant deliverables to kickstart your project the right way. These include governance models, go-to-market strategies, assistance in forming the whitepaper, and developing a minimum viable product (MVP).
We are also capable of creating lightweight branding for the project’s website and investor deck. Branding helps to deliver a more fleshed-out concept rather than relying on generic templates. Building a complete brand design may be better left for later stages.
How long does it take to bootstrap a Web3 project?
Bootstrapping a Web3 project is a cooperative effort. This means the schedule also depends on your needs and availability. Our past projects have ranged between 1-3 months.
How much does it cost to bootstrap a Web3 project?
Each Web3 project’s requirements are evaluated case by case. On average, a bootstrap project takes 20-40 working days. We will give a more accurate estimate as the project scope becomes more clear.
What kinds of Web3 projects do you work with?
We want decentralized technology to have a positive impact on society. The key element is to develop services that provide utility to its stakeholders. Web3 projects that generate value purely on speculation are not within our interests. For more information, please read about TX’s company values.
Which industries benefit the most from bootstrapping?
Bootstrapping is suitable for projects that deal with digital as well as real-world assets. The industry is not a make-or-break question as the method approaches each idea the same way.
Although there are differences between industries, our method has been applied to health care, mobile networking, and instant messaging. It is our dialogue on your domain knowledge that plays a crucial part in a successful bootstrapping experience.
What is ecosystem design?
Ecosystem design is a service design method for Web3 services. Like any great design, we start by understanding the user personas and journey maps to find the best ways to incentivize stakeholders to commit to the Web3 ecosystem.
Contact us
Looking for someone to stir your ideas? We would be happy to lend you a helping hand. Our Chief Design Officer Mikael has an open mind and calendar.
Find a time with Mikael:
Or drop us a message to discuss your project
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