swiss ep 25. passion project Decentralab - copin
Short Summary:
Decentralab, a Web3 incubator, presented their flagship project, Copin.ai, an on-chain copy trading platform leveraging AI to standardize and automate crypto trading from over 50 perpetual exchanges. This platform generates revenue, benefits the wider ecosystem through partnerships and knowledge sharing, and supports Decentralab's incubation efforts. Copin.ai boasts impressive figures: $1.66 billion daily copy trading volume, over $700,000 revenue in its first year, and nearly $800,000 in net profit for users. Decentralab also actively fosters the Web3 community in Dana, organizing events and supporting projects. Their methods involve community engagement, policy interaction, and resource provision for incubated projects.
Detailed Summary:
The presentation is divided into three main sections: Decentralab's overall mission, Copin.ai's functionality and impact, and Decentralab's community building activities.
Section 1: Decentralab's Mission:
Decentralab positions itself as a Web3 incubator operating on three pillars: innovation (exemplified by Copin.ai), Web3 incubation support for other projects, and ecosystem leadership through community engagement and policy interaction. They aim to make Dana a blockchain hub. The speaker emphasizes their role in supporting global projects coming to Dana.
Section 2: Copin.ai – The Passion Project:
This section details Copin.ai, an on-chain copy trading platform. It addresses the challenges of decentralized crypto trading by centralizing and standardizing data from numerous perpetual exchanges. The platform uses AI to automate trading, making it faster and easier for users. Key performance indicators are highlighted: a daily trading volume of around $10 million, over $700,000 in revenue in the first year, and nearly $800,000 in net profit for users (potentially higher if all users connected their wallets). The speaker notes that Copin.ai's success benefits not only the project but also the wider ecosystem through relationship building with projects and VCs.
Section 3: Decentralab's Community Building Efforts:
This section focuses on Decentralab's community engagement in Dana. They've organized numerous meetups, global and local events (over 25 total), supported over 20 applications, and granted funding to five projects. A significant event mentioned is the Web3 Summit and cohort, with plans for even larger events in the future (over 30 projects attending a blockchain week in June). The speaker proudly states that they were the first to organize a 40-cohort event. The overall goal is to establish Dana as a prominent blockchain hub.
Notably, the speaker uses phrases like "flashy product.ai" and "one of the rare web three project that already generate the revenue in the first year" to emphasize Copin.ai's success and Decentralab's achievements. The presentation showcases a strong focus on both technological innovation and community building within the Web3 space.