60 Days of 🚪
The first two months of DOOR have been exciting and of course challenging. Going from 0 to 13,000 MyDoorWallet.com users and our community growing to 90,000 has exceeded our expectations.
It’s been two months since we launched DOOR 🚪 and many things exceeded our expectations so we had to hustle to make sure we could support the rapid growth 🚀. The focus has always been about building a strong supportive community and executing our long term vision - but of course, when the wind takes your sails, you have to embrace the momentum and the demands of your users.
A few big projects we worked day and night on in the last 30 days include:
Upgrading MyDoorWallet.com to support the growing community.
Launching the ability for users to stake DOOR and earn rewards. This was a feature that the community wanted and we delivered.
Building out our internal systems to empower customer support and management of our growing user base.
The # of Circulating Tokens is at an all time Low
One of the results of our efforts related to staking (which locks wallets for a period of time) is the reduction in circulating tokens. In early August our circulation was 25M, and now it is ⭐⭐ 10M ⭐⭐ and shrinking. Less tokens will translate to demand becoming higher than supply. This is a good thing. We are currently planning to launch the staking program publicly next week.
99.7% of DOOR Tokens on MDW are staked 💎👐
⭐⭐ Over 99% ⭐⭐ of the DOOR Tokens that are under custody in MyDoorWallet.com are staked. Over 97% of ALL issued DOOR Tokens everywhere are staked. This is exactly what we envisioned when we launched DOOR. When you have a community willing to HOLD THE DOOR and let the business grow - you have a very powerful and unique value proposition to the market.
13,000 MyDoorWallet.com Users and growing 🧑🤝🧑🧑🤝🧑
Growing the community and getting people to use MyDoorWallet.com is a huge accomplishment. It’s not easy to get people to “create yet another account on another website”. It shows that our value proposition is clearly attracting users, and our goal is to continue to push aggressive campaigns to keep growing the number of users.
1.3 Million DOOR already Staked 🥩🚪
Even before we have launched staking to the outside world, we have already had 1.3M DOOR staked in our new Staking Pools.
This early sign of high demand is good news 😀😀😀. Our goal is to start marketing the Staking Program on Sept 15th. This gives enough time for the existing community to join the program. ⚡⚡ Each Pool is limited in capacity.⚡⚡
Are we heading for the perfect Storm? 💥
The work we have done in the last 60 days is to prepare for the future. We understand everything will take time, but we want to ensure we have positioned DOOR the best possible way. Reducing circulation, building our staking to ensure holders will hold, and launching programs that attract new holders to DOOR is a strategy we believe will work.
If the next 60 days are anything like the last 60 days, we should have some fun.
#HoldTheDoor