Eton Krow Dumb Founder & Dev

Eton Krow

The real story of one crypto project creator

The story of one crypto project, founder & developer Eton Krow!

Hello, everyone, I'm Eton Krow

Some of you have already met me before, and some of you don't know me yet. Now it's time to tell you more about me and my Freebie Life Finance project. I don't want to write the official full name, let me just write the Freebie here.

I will not be long and tedious about what and how and who I am and how old I lost my virginity. We can skip that part of my life.

I will probably start from the time when I was trading tokens on the Ethereum blockchain, BSC was just appearing then, and already on avalanche later when it appeared. After trying hundreds of different projects on DeFi and not only, I started to think about creating my own project so that people could buy tokens and have fun participating in the project and of course earn money on it.

Main idea

My original plan was to create a smart contract that would allow people to play by the rules of the contract, and that the contract would enforce those rules and provide security at all stages without third-party involvement.

And my first project was the Freebie. There the whole project is done through a smart contract, from the launch, presale, build of liquidity, and to the drawing of prizes and their receipt. All this works regardless of third parties, everything works through a smart contract. The code is the law!

I also love all kinds of old stuff like 8-bit games, old computer games, and of course everyone's once favorite MS-DOS with its command line. I even remember installing sound card drivers in autoexec.bat and config.sys files a long time ago and how happy I was to get sound in my desktop speakers.

And I wanted to somehow incorporate all this into the project, which would be like on an old computer and which would be interesting. I remember how simple games with a primitive graphical interface were so addictive, that not every modern game can do it now. Back then you could get stuck in a simple Pong or Lode Runer for 24 hours and not notice how quickly the time flew by.

And then I had the idea to make the interface of the site in the form of an old computer with a command line. So that there would be no buttons, and you could just enter commands like in the old MS-DOS.

Looking ahead, in the future I plan to do various puzzles and riddles through interaction with the command line and with the AI, solving which you can get rewards. I also want to add simple old games so that people can play them directly on the site and get rewards in the form of tokens.

And so, I wrote a contract, deployed it on the BSC, made the site all so beautiful, and began preparations for the launch.

The first version of Freebie Life Finance website.

And then the most interesting thing began

The very first problem is that the site was no one understood)). People wrote and asked what it was, where the buttons were, the site was not convenient, some bullshit, and so on)

Well, the site is half the trouble. The second point is attracting active users and investors to the presale. It was necessary to come up with different promos, airdrops, and other things and collect crypto audiences.

We actively maintained our social media communities and promoted them as best we could.

And to make it easier to understand how the Freebie work we created a video explanation about the project:

Freebie video explanation

We did airdrops mostly and it worked very well (as I thought at the time). A bunch of different people signed up and were very active and even registered on the white list. I remember how in a couple of days we had over two thousand users. I was really happy at the time. And then came the date when we launched the presale. And what do you think, how many people invested? Zero! Not a single person bought it!

Then we started running paid ads, more airdrops, and influencer ads. And nothing helped!

We did an audit (Audit link, Profile token page) of the contract, we were on Coingeco, CMC, BSCscan, and many other sites. And many other things.

But in the end, a lot of time and money was spent and no one ever participated in the presale.

The main points I noted for myself at the time

I've seen other projects run through launchpads like Pinksale

But I thought at the time that we had a smart contract and didn't need a third party to set up presales. But in reality, people trust a platform that just provides functions for organizing presales and is not even responsible if the project turns out to be a scam.

Disclamer from offisial Pinksale website

That is, people are willing to lose money investing in projects that they do not understand, instead of delving into and studying the project, and its smart contract. Of course, this is much more difficult. That is why people are used to trusting the majority, that is, where the most people go.

Freebie has an open contract code and all interactions go through it. And even I, the creator of this contract, will not be able to withdraw funds from the project. Liquidity there is permanently locked because the holder of the liquidity pool tokens is a dead wallet (0x000000000000000000000000000000000000dead). This means no one will ever be able to withdraw tokens from this wallet and take out all the liquidity.
For example Current FRB liquidity on Avalanche Network!

And the main amount of tokens is in the contract and only the contract disposes of them and gives them out when people buy tokens through the protocol or playing the Freebie. And no one can get around that! It's written in the code of the contract and the contract will do everything by the rules! The code is the law! And that's the point! Everything can work automatically and without third party involvement!

Budget

We had a limited budget because I did everything mostly with my own money. And I myself created the smart contract code and self-tested everything and launched the finished product.

Maybe I should have first made a presentation of the project, held a presale, raised money, and only then launched. Apparently, this is also my mistake.

Scammers and budget drainage

There are a very large number of scammers in the crypto space. A lot of money was spent on advertising in accounts that brought nothing at all. Then I realized that there were thousands of Twitter accounts with millions of fake followers (there were even accounts with verified blue checkmarks, but they weren't for sale yet). Their entire audience is a bunch of fake bots. Everything is all scammed! Comments, likes, retweets, etc. After you pay them, they have a post about your project, but no one real person from them to you does not come. There have also been cases where you send them money and then you get blocked and ignored and they don't post anything.

I then tried to negotiate with influencers to work on affiliate program with referral links that they could get compensation for real investors invited to presale. But none of them agreed to it.

After I spent all the money and a lot of time, I decided to involve private investors and looked for where I could borrow money for my project. But I never found it. Perhaps this is a good thing.

Relaunch

Then, when I was finally convinced that I couldn't run the project as it was, I started thinking about how I could redo it and restart it.

I thought, since people don't want to invest directly in the contract and then wait to receive tokens, I could make it possible to buy tokens through the protocol at a fixed price and these funds are sent to provide liquidity. And I made a contract on Avalanche Network because I already had a contract on BSC and it was already filled everywhere. I also made a contract on the polygon, but there is a presale there too, but with a smaller threshold for entry. But I'll come back to it later, Avalanche should be first.

And so, I launched a contract on Avalanch Network, the liquidity was small and I assumed people would buy tokens from DEX and from the protocol and that way the liquidity would grow and the number of holders and the number of people playing the Freebie would be higher.

Freebie Life Finance launched on Avalanche Network

But it wasn't like that at all. People weren't buying at all. Zero people bought from DEX and zero people bought from the protocol.

And then we started writing to all listing platforms. We updated data on CG, CMC, verified the contract in Explorer (snowtrace), and updated all data about the token (links to social media, website, CG, CMC, etc.). By the way, if you need a listing on CG or CMC, or similar platforms, you can do it yourself. Just fill out the official form on the site, wait for a response from support, correct the information (if something is wrong) and you will be listed. There is nothing complicated about it. And do not turn to those who supposedly know the direct contacts of managers of these services. It is quite possible to do it all yourself.

I thought it was a good way to get the audience's attention at the expense of these listings. But it didn't help either. Perhaps when there is already an active audience, it can work. But in my case, it didn't work.

Then the partnerships, I tried to get in touch with Influencers, offering them profitable (as I thought) partnerships again. I wrote to the official Avalanche blockchain community, to Trader Joe's, and many other places. But the result was almost zero.

Reasons for refusals or ignoring were different: little liquidity, the project is not interesting, the site is not as it should be, the audience is not active, and much more. I had the feeling that my project is a hard scam project, where everything is bad and there is nothing good. I had seen many different projects and people invested in ones where there was nothing at all and even the contract was not verified. And I could not understand why people invested in all kinds of crap and my project did not even have 20k of liquidity.

Partner

Then the situation with my "partner", with whom I regularly consulted and spent hours discussing the development of the project and everything about the project in general. So it happened that he just took offense, told me to fuck off, and started selling his share of tokens without even waiting for the growth or development of the project. He just dumped tokens every time people bought and dumped the price. I won't mention his name here, it's not necessary to focus on that. At that time I managed to get private investors to buy tokens from phase 1, and this former "partner" just dumped the price. Then, when other users bought tokens, he dumped them again. The liquidity there was small, so his number of tokens was enough to dump the price by 30% - 50%. You can imagine how I felt at that time when new users started to come in and finally bought tokens, and this "partner" was dumping every time the price went up. And this was a friend of mine that I had known for several years. It was a shock to me and it was a good lesson for me!

The team

Then I continued without this "partner" adviser. I began to plan my own further actions to develop the Freebie.

Quite by chance I found a new team and the guys from this team offered me to make a new website, which would be understandable to the average user, with buttons, with a description simple and understandable. This site is still working and making users happy. And there is still the old monitor, though in the style of cyberpunk, which can also enter commands (if you do not want to click on the buttons). And also there are interesting commands, such as "/casper":

I displayed it this way because this casper first agreed to review my project, then just blocked me on Twitter. So I thought this was a decent response to him)

The guys from my new team also promised to do marketing and promote the project and attract many new investors. But after completing the site and one airdrop, they were gone. I was counting on them to do what they said they would do. But as it turned out, I was left with a cool website and that was it.

Then I tried launching an AI bot in Telegram and various competitions with this bot, and tried other giveaways and airdrops, but there was no special result from all this. The people were not ready to invest, and that was it.

Staking

Also, I made a staking protocol for staking FRB tokens and getting rewards up to +50% in 60 days. And I ran a contest for it. But I didn't get much result either. And then I found an issue in the staking contract, there was a problem with the swap of sFBR to FRB tokens. That's why at the moment the shaking is suspended and we will make a new contract and run the shaking again.

Conclusion

I understand that at this point I haven't achieved the result I originally planned. But I've already tried a lot of things and gained a tremendous amount of experience. There is still a lot of interesting things to do and a lot that I don't know yet. I am convinced that if you constantly work on the development of the project and its promotion, the result will definitely be! And now I am gathering new people into my team and continue to work on the promotion and development of the Freebie. I plan to launch the Freebie on more than 10 blockchains and I plan to implement all the ideas I mentioned above. I want people to have fun taking part in my projects and of course, I want everyone to be able to make money out of it!

Thank you

Thank you for reading this article all the way to the end. I would be grateful for any feedback and support! If you are ready to join my team or take part in a project, I would be happy to talk to you.

My contacts:

Telegram: @EtonKrow :Twitter

I plan to do a lot more with this project and I will share with you the process of development and promotion of the project.

Follow my news and updates.