Incompetence, Ignorance And The Start Of A New Chapter

Blackswan began as the pursuit of innovation in an increasingly stagnant and copy-paste market of DeFi projects. Unfortunately, Blackswan did not falter due to an unexpected event, but instead the expected event of failure upon startup of which crushes a majority of early stage companies .

This article strays away from previous Blackswan releases and focuses more on opinions of the Blackswan team, specifically Adrien.

Essential to a teams success is the ability to iterate and evolve a product over time. Starting a business is not delivering an MVP and giving up, but instead sticking through any hurdles and bugs until a finalized product emerges. The likelihood of having a smooth launch out of the gate is virtually non-existent, however unfortunately, short term gain can cloud the judgment of what would otherwise become a much larger success in the long term with the compound effects of evolution.

When fundraising for a project, it can be easier to reap the rewards of what should be devoted to long term continuous development of the project in a quick decision to step down / abandon the project when that development is needed the most.

Some Blackswan team members have unfortunately succumbed to this lapse in judgement which has instead caused a compound effect in a downwards spiral. The technical team has fallen apart, starting with the leave of one of the project founders, who was the technical director, leaving Adrien as sole director.

This incompetence was seen from the beginning as the aforementioned co-founder who left decided to sell their initial launch allocation within the first week of the token going live. Later, discussions between the founders became less related to how we could maximize value to users, but instead a comprise as to how the aforementioned co-founder could maximize their personal extracted value. There was no dedication to the project, but instead a short-term focused transactional nature to the extraction of value in a seemingly moral way, however I would argue this is if anything completely immoral.

Immorality came from the lack of care during periods of risk to the users, such as the recent exploitation of the said founder wallet in order to mint and sell tokens. Even after the discovery of this exploit, little care was given to properly solve this issue, causing it to reoccur later, such as with the hack of said wallet once again, causing the token to dump.

I digress the rant…

Fortunately, the terms of the dissolution between founders was ideal to the projects future.

However, there are remnants of the lack of quality coming from the dissolved founder due to the fact that they were directing the technical side of the project.

Moving forward…

I stay devoted to the success of Blackswan, however a technical co-founder, and frankly technical team, needs to be rebuilt in order to continue to pursue what the project originally set out to achieve. Finding a new co-founder is not an easy process, and will be added to the list of delays to Blackswan V2 (If interested please reach out to @Crypto_advisor on telegram if you believe you posses the skills necessary).

Failure is a white swan, success is a Blackswan. With all I have learned, I hope to stay with the project until it fits its name. 🦢 — Adrien