- WadzPay faces deep criticisms due to product delays and strategic pivots.
- A seasoned WTK investor takes a moment to compile all major criticisms and defends WTK.
- He explains how WadzPay is working hard to deliver a superior product and service.
With Bitcoin (BTC) taking another dip, altcoins prices fall accordingly. Top-performing altcoins, especially those with high expectations for new ATHs this altseason, face more disappointment compared to other seasoned crypto communities. For instance, one project facing major FUD reactions from new community members is WadzPay (WTK).
WadzPay Community Member Defends Project
Amid the noise and confusion, one reputed member of the WadzPay community takes a moment to curate the major causes for FUD and highlights a defence for every criticism thrown at the WTK team and project.
The first criticism he highlights is about WadzPay’s delays in product launch. As the defence, he highlights how the blockchain industry is notorious for delays. This is often due to the complexities of the technology and its need to establish steady and robust security. He compares WadzPay’s delay to that of Ethereum 2.0 and Cardano’s Shelley update.
Early WTK Investor Highlights Project Capability
Next, he highlights the project’s financial and personal investment where Anish Jain, the CEO, funds WadzPay from his pocket to keep it afloat. This is also not an uncommon scenario, especially for startups. After all, Musk has funded his many projects from his own pockets.
WadzPay has also been criticised for its strategic pivot from a B2C to B2B company stating a lack of direction. But this decision is countered by the fact that strategic pivots are a hallmark of successful startups. For instance, Slack began as a game and is now one of the top options for enterprise communication.
Next, he speaks of regulatory licensing issues, another factor that is still a slowly evolving factor in the crypto sector. He commends WadzPay for taking these moves seriously and meticulously making decisions that would best benefit its users.
Similarly, in terms of communication and transparency, there have been delays leading new investors to believe they have been misled. On this, the early investor says effective communication can be challenging in a fast-paced industry that is crypto. He takes Hoskinson’s journey as an example, a leader who is constantly in communication with the community, yet is often criticised.
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The early investor concludes by saying that these challenges are strategic and operational challenges that do not relate to failure but simply reflect common hurdles and highlight the company’s dedication to come through stronger on the other side.
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