What is RabbitHole? RabbitHole is a Quest protocol, supporting new projects to reach the protocol’s users and bring income to the users. This is not a new area but is also very necessary in the Crypto market. So what is RabbitHole? Let’s find out in this article!
To understand more about this project, you should read the article What is Galxe (GAL)? Overview of Galxe Cryptocurrency.
What is RabbitHole?
RabbitHole is a Quest protocol, supporting new projects to reach the protocol’s users and bring income to the users. There are not many protocols in this segment but the competition is also very high. If a protocol attracts users, it will take almost all of the market share.
Quests are tasks that other projects create on the protocol for users to do and earn profit. This both helps the project grow and reach users as well as help users earn more rewards. The tasks on RabbitHole are usually to experience their products and build communities for projects.
The reward that users receive after completing tasks is NFT or the project’s governance token. Although it is not a big reward, it helps motivate participants.
Mechanism of Action
On RabbitHole there are 2 main participants:
- Projects: Create tasks for users to do and reward them. The purpose is to promote the project to users as well as create conditions for users to use the project’s products.
- Users: Are people who perform Quests on RabbitHole to earn rewards.
Development Roadmap
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Core Team
Brian Flynn: CEO
- In 2017, he successfully earned a bachelor’s degree in Entrepreneurship and e-commerce at the University of Scranton.
- Also in 2017, he worked as Business AnalystBusiness Analyst at Foursquare. He created automated metrics reports by synthesizing data from Microsoft Excel. He works with the sales team and partners to identify new leads and collect store customer data.
- After 4 months working at Foursquare, he moved to become a consultant for JDX Consulting. Since receiving enthusiastic advice from him, the company has repaired data from legacy systems in ops-tech for a large investment bank. But after 8 months of working here, he resigned for some reason.
- In April 2018, he became Business Development at OpenSea. Market leading NFT exchange.
- After about 6 months working at OpenSea, he moved to serve Republic with the title Product Marketing Manager. He contributes strategically to Republic Crypto products including Airdrops and Sharedrops.
- In 2019, he worked as Product at Dapper Labs, a major company in the industry behind the development of Flow Blockchain. He contributed to bringing the product (dripscore.com) to life from just one idea.
- Until November 2020, he became the CEO of RabbitHole. The project supports earning cryptocurrency from learning how to use the latest and most popular cryptocurrency applications.
Jim O’Brien: Product & Engineering
- In 2014 he worked as a Software Engineer for Hack Reactor, but after 4 months he left the company and moved to another company called SHIFT (Acquired by Brand Networks) still doing the same job.
- In 2015, he became Engineering Lead at Brand Networks, but after 1 year he also left and moved to become Principal for Modulo Consulting Group. And he continued to leave after more than 4 years of working here.
- In mid-2016, he worked as Sr. Engineering Manager at Snap Inc. And after 5 years of working there he started his first company, Taco Labs. But after 11 months he quit the project and has been working as Product & Engineering at RabbitHole ever since.
Investors and Partners
Investors
- June 24, 2021: Seed round successfully raised $3.5M led by Electric Capital, with the participation of a number of funds such as ParaFi Capital, Framework Ventures, Slow Ventures, Chapter One, Edge & Node, Collab+Currency, Late Checkout.
- February 15, 2022: Successful $18M Series A round led by Greylock Partners and The Chernin Group (TCG).
Tokenomics
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Exchanges
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RabbitHole Information Channel
- Website: https://rabbithole.gg/
- Twitter: https://twitter.com/rabbithole_gg
- Discord:
Summary
RabbitHole is a suitable project for those who specialize in Airdrop hunting to earn extra income. Although this niche is quite potential, there is also fierce competition.
So I have clarified what RabbitHole is? RabbitHole cryptocurrency overview. Hope this article provides you with a lot of useful information!