It's been two weeks since we announced Bolide soft launch on TestFlight focusing on getting first users feedback, fixing bugs and collecting first data.
For those who have no idea what Bolide is, Bolide is an onchain Robinhood, a smart trading app that makes trading memecoins super easy for everyone.
Let's go!
TestFlight Active Users Data: We don't focus on the total number of users, but rather only on users who actively trade - they are our super users.
13 trades per user were generated within the first 2 weeks, first 5 days it was 4 trades per user.
Average trade value is $33.6, which confirms our target audience is retail.
Revenue prediction is 1% of the total amount of transactions, which brings us to $946 in total/ $16 per user. We're working on more complex revenue structure in the future.
User Retention:
Within 7 days, more than 79% of active users return to the platform (an active user for us is one who trades). Day 13 and 14 are not available yet.
Top Geo:
Top Tradable Tokens:
Regarding distribution:
The most effective way to bootstrap distribution, which we've already confirmed with our current TestFlight soft launch, is by adopting the best practices of Revolut, Cash App, and many other mobile apps that focus on retail. This includes offering an initial sign-up bonus of $5, which users can use exclusively to trade memecoins within Bolide. Such an approach builds momentum and breaks down barriers for newcomers to try a new app.
We'll start implementing this strategy within the next 2 weeks. Stay tuned and trade memecoins on Bolide!
