The Slow Fail.

While many individuals reading this do not need to be convinced of the upside potential for the industry over the next decade, we feel it is important to take a step back and understand just how inefficient the current blockchain industry can be.

In the world of startups, there is a somewhat recognized and debated term in the industry: Fail Fast. Fail Often.

The basic premise of this concept is to avoid wasting time on poor ideas and iterate as quickly as possible to find something worth building. If you can find product-market-fit early, you can save yourself from losing time, energy, and money headed in the wrong direction.

In the world of blockchain, many projects have done the opposite.

Lost Money

Despite over $13,000,000,000 in public capital allocated to the decentralized world in the first half of 2018 alone, over 1000 projects are now dead.

Lost Time

More than the mass amounts of money taken during ICOs, many founders feel locked into building a product based on unattainable roadmaps and whitepapers rather than exploring alternative paths to success.

Lost Energy

Rather than pivoting and being labeled as “failures” from token holders, these companies continue down the road of building products nobody wants and building items they no longer believe in.

So how can we change this? What does XIO do differently? How can we build things people actually want and how does Binance Chain make this possible?

The XIO Model

The XIO Model is an alternative growth system to launch startups as efficiently as possible, build a passionate community around them from day one, and provide an open-market to actualize value at scale.

If done correctly, startups can save critical time and capital while aligning their incentives with that of the market.

Step One: The Token

The first step: Get your product/vision/idea into the form of token.

When a traditional startup puts their idea or product into the world, it can take a decent amount of upfront capital to get even the concept off the ground. To expedite this, before attempting to scale or raise capital, many entrepreneurs create a Minimal Viable Products (MVP) to validate their ideas.

While this system is somewhat efficient, the introduction of tradable “tokens” gave us a faster way to express, validate, and conceptualize value in real-time.

Step Two: The Community

The second step: Strategically get your tokens into the most amount of genuinely interested/curious/passionate people you can.

When we created Bomb Token, it took us less than one week to issue the token, that wasn’t difficult. The hard part was trying to get this idea/vision into the hands of a large amount of people who truly cared.

Our premise was that if we could distribute these tokens to people genuinely curious about what we were up to, we could build a passionate following of people from all around the world.

Over the following months, over 50,000 individuals would join our social communities. Not only did they join, but they stayed engaged, actively providing us with feedback and insight on what we should do next.

When someone receives a token, it has an extra layer of the emotional and financial connection between yourselves and the company.

While we managed to strike a huge reaction and wave of momentum by getting to the top of Reddit, it is not always easy for others to capture this attention. XIO provides a passionate community of individuals to launch with.

Step Three: The Market

The last step: Create an open-market to actualize the value of your idea.

Until a token gets on an exchange, all value is 100% hypothetical based on speculative potential. The moment individuals can trade it, the market starts to decide the validity of it.

One of the main reasons Bomb Token started to gain early traction is the trading and tipping done through ParJar on telegram. While this was a small sample size, it proved that people did truly believe enough in this idea to assign it an arbitrary value.

When you provide a large enough amount of people the arena to trade, tokens move from potential and hypothetical value to actualized value. This is where crypto and blockchain helps scale.

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