Illuminati Round Table Call Notes:
About Watacchi
Twitter: @watacchikasou
Formed Kudasai, which is a Japanese community established in 2020
Kudasai started as a trading group
69k Twitter followers and 20k telegram group members
Have 40 core members
It is the most aggressive crypto community
Plan to grow the community more internationally
How is the market for trading in Japan?
Most Japanese are YouTube influencers
Most Japanese prefer to buy from Japanese exchanges
Some people use foreign exchanges to buy
They have become more active in crypto in the past two years
In 2020, people started using Pancakeswap as their exchange because Pancakeswap was a bubble in Japan at that time
Japanese influencers helped onboard people onto the Pancakeswap exchange and community, mainly YouTubers
Pancakeswap has a lot of GameFi tokens
BSC has its roots in South Asia
Japanese people love GameFi projects
Koreans have coins and projects that have yet to be heard of
These coins can pump up to 500% daily, and no one will know about it except Koreans
Korea has its closed-out ecosystem
Many people in Japan don't speak English fluently, and it is often a barrier
The ways Japanese get access to information are pretty limited
Japanese projects are only marketed to the Japanese community
What are some of the biggest exchanges in Japan?
There are a few, like Bitfire, Coincheck, and Bitbank
To get listed on Japanese exchanges is quite hard
Fewer Japanese projects are trading on exchanges because of their low cap
Are Japanese people only using Japanese exchanges?
Japanese users don't need VPNs to use other exchanges
In 2018 the number of people using other exchanges was low, but the number has increased over time
Recently Binance announced to establish Binance Japan which will open Japan up to other internationals
Users use Japanese exchanges to trade from fiat to crypto or crypto to fiat, but they also use ByBit and other exchanges too
What are the big ecosystem players in Japan?
Many new web3 projects are coming to Japan in recent times
Koreans are crazy about creating NFTs
What's the information flow in Japan like?
Japanese users get information from YouTube online
Then if they want to learn more about a token, they search via Twitter, Telegram, and Discord
In terms of community, how did you begin, and what was your turning point?
In 2020, it was a trading group with 1000 people.
We hosted an AMA session with another project in our telegram group and offered 500 USDT as a reward. This was one way we got the community to grow.
To grow a community, you need to Incentivize the community
To do that, we needed money for the AMA sessions hosted in the group. That way, the community can learn and earn from a crypto project
In 2020, he hosted many projects and got the community to participate in their testnet
Is there a different way to avoid AMA hunters and get more legit members through AMA sessions?
We only host AMA sessions with projects that Watacchi and the telegram group members are interested in
Our target is to select good projects to host carefully
Hosted an AMA session with Hashflow back in March, the only community that did that in Japan
We are more of a quality base community than a volume base community
What are the other communities in Japan doing?
Due to the language barrier and lack of manpower, most communities haven't reached the internationals yet
It is more of an inside community where they talk about crypto
At Kudasai, we want to move between people in Japan and other countries and get information to move in both ways
While building communities, you need to focus on harmony
Also, consider the cultural difference when building an international community
What are the different things you do in your community?
Quality AMAs
Finding out what the community wants
Watch out for what projects people talk about on Twitter
Share new information
Do you guys have any community calls in the group to get more community participation?
We have an Admin group where we talk about what we should focus on in the next few months and years or what we should do right now
We built a governance forum where people can vote on initiatives they want to do
What are the initiatives that people are voting on right now?
The launch of governance NFTs
What will the community be paid with?
Mostly USDT or USDC
You need to have the NFT in order participate in the governance
The NFT grants you access to the governance to vote
We added 500 free mints NFTs with no utility, just a chat room for its holders. But it has a 1ETH floor. This will be moved to governance and be more open for the community
It starts with 800, but the limit is 2000 mints
What does the Telegram group look like?
Our community is a place where everyone can chat
We cover Defi, GameFi, NFTs,
Final Thoughts
Anyone can join the Kudasai community via the link on Twitter
Kudasai means “give me money”
Community Building