Proud to announce a new partnership with
@movement_solana
which aims to simplify the onboarding process of the masses. You can now purchase $JASON with just an email and debit/credit card. Once again all revenue share from this deal with be used to buy back more $JASON and fuel
We’re doing something absolutely insane this year…
We just made crypto tax software completely free for everyone, until March 1st. No strings attached. Just sign up on Awaken and download your crypto tax reports.
Here's more about
@AwakenTax
and why we're making it free 🧵
Tracking my web3 portfolio has been a nightmare.
Today,
@big_duca
and I are excited to launch Awaken Portfolio — the most comprehensive web3 portfolio app, with free tax reports.
Here’s the download link, and more about the app 🧵
The crypto downturn has lost investors trillions. But luckily, there’s a hidden silver lining.
Crypto users that lost money can save thousands of dollars in taxes. And just in time for tax season, we’ve launched Awaken — the first tax software that can actually handle web3 (1/n)
Memecoins are absolutely blowing up, but it’s too hard for retail users to get started.
That’s why today,
@big_duca
and I are launching Movement – the Robinhood of memecoins, built on Solana.
Here's the link to try the product and more about
@movement_solana
. 🧵
LET’S GO $JENNER!! 💪💛🚀
If
@Caitlyn_Jenner
retweets this, I will put $5,000 into the coin.
I know how we can get $JENNER from 17,000 holders to 1,000,000 holders… None of my friends can figure out how to use Pumpdotfun. If they could, they’d all buy the coin. That’s why
If you want web3 to reach hundreds of millions of users, you should watch this.
I offered these people $100 if they could figure out how to buy $WIF on a crypto wallet in 10 mins... They still couldn't after 15 mins. Even with hints.
These are intelligent, educated people who
A few months ago, Andrew and I launched Awaken...
and got zero signups.
I messaged 50+ people across Twitter, and I even did people's crypto taxes for them!
The result: Dead silence.
Fast forward 3 months, and our company looks very different.
Here's how we did it 🧵
1/ Partners and founders of Sequoia, Alchemy, Figma, Electric and Solana came to speak with us during the Founder Fellowship.
Here are the 5 best insights I learned from each of them 🧵
Hey
@souljaboy
I made an app that lets you buy $sboy with just an email and credit card... No crypto knowledge required. Fully self-custodial --
@movement_solana
(Movement)
Let's make $sboy have 1 million holders! My friends want to buy in but they have no clue how to use DEX
Buying memecoins is too confusing for most people, so
@big_duca
and I built Movement. It makes buying memecoins so easy that even your grandma can do it.
Try it yourself! –
1/ When we first announced the web3 Founder Fellowship, we included a teaser of some of the all-star contributors who would join the DAO to help fellows.
With the cohort now set, we're excited to share who the rest of the DAO members will be. 🧵
We got this feedback today about our portfolio mobile app. It fired us up. The best part is, we have a third thing coming that we haven't told anyone about yet...
1. First, we had tax. -> We built the most accurate tax product for US users.
2. Then, we had portfolio. -> We're
Making our product free until March 1st was a risky move. We basically just sacrificed all the revenue we were going to make from our existing customers… in exchange for the potential to go absolutely viral next year.
Let’s see what happens.
Lol I did not know I was up $650 today until I checked our new Awaken mobile app. Bc it includes my exchanges, NFTs, and DeFi positions, as well as my wallets.
I always had trouble knowing what my total crypto net worth was because it was scattered across and DeFi positions,
Honestly impressed with how much
@southpkcommons
has grown in the last few years. I joined in 2019 as a college fellow when you could only get in through referral. Very few of my friends knew what it was, but the ones who did knew it was filled with bright talent... And now,
$PENG looking good — I heard theyre making the actual club penguin game again. Smart move
Little do they know that anyone can now buy PENG with just an email and credit card on Solana on
@movement_solana
…
@pengonsolana
I still can't believe CryptoTaxCalculator completely copied my startup's website. 😂
We're a team of 2 people, they're a team of 35 people. We've been around for 1 year, they've been around for 5 years.
Gahhh it is frustrating to see tweets like this, where users are complaining about a problem that is like the most simple thing on Awaken. The problem is that not enough people know about our product.
So we're going to do something insane to get distribution next tax season. 😈
We’ve built the easiest way to trade memecoins. No web3 knowledge required.
Let’s compare the “before” and “after” experiences…
- 🔑 Onboarding: 12-word seed phrase -> username & password
- 💸 Onramping: 5% fees -> 0% fees
- ⛽️ Gas fees: SOL gas fees -> USDC fees
It works just
Awaken now automatically marks 500,000+ assets as Spam.
We implemented this by:
(1) aggregating users' inputs when they tell us that an asset is spam.
(2) integrating with an API that covers 150,000 spam assets
(3) writing our own algorithms to figure out if an asset is spam
Colosseum is thrilled to announce the winners of the
@Solana
Renaissance Hackathon!🎨
Read about the winners & honorable mentions:
Winners accepted into the accelerator program will be announced in the coming days.
Stay tuned & congrats to the winners!
Shoutout to memecoin
@CrisHensan
for gaining initial traction on Tik Tok. They’re trying to expand their target audience by going after retail — which happens to be a *way* bigger audience.
Excited to see where they go 👏🏼
$SEAT
So... Why are we making Awaken free?
We have the best product on the market for blockchain-focused users, but not enough people know we exist.
It would mean a lot to us and would help the web3 community if you could share Awaken with your friends 💪
Proud to say that we are OFFICIALLY better than CoinTracker 💪
5+ tweets in this thread 🧵
(for U.S. citizens using EVM chains, Solana, and major exchanges)
Wow, I feel so honored to see this tweet. We work so hard and put so much passion into building Awaken. It's so fulfilling to see that start to show results. 🔥
...and we're just getting started. There's so much left I want to build. And we havent even raised a seed round yet!😂
I had major ssues w/tax software this year w/ Koinly & Cointracker
V3 has been a pain in the ass and after research yesterday there is only 1 software that incorporates v3, Awaken. So much easier and way less issues. I highly recommend it for doing taxes
Gotta say. I am a big fan of South Park Commons' investment team. Been working with them for 1 year, great advice & great personalities.
I always enjoy working with investors who deeply understand product as well as market, and communities like YC / SPC have an advantage w that
We've been using blockchain data provider
@nxyzdata
for the last few months, and wow. We're amazed by their build velocity, responsiveness, and product quality. I'd recommend them for sure. 👏👏👏
Shoutout to David!
I will put $5,000 into whichever one of these influencers retweets my post first!
I am doing this because people need to know that they can buy any of these tokens with just an email and credit card on Movement (
@movement_solana
).
Right now, there is a huge barrier of
Happy birthday to my co-founder Andrew Duca! 🎉🥳
@big_duca
Debating if I should ship him a birthday present or ship a new cool feature on Awaken for him 🤔
Every casino has a social component.
Today, we just launched our social feed on
@movement_solana
. See what memecoins your friends are buying and join in 🤝
I honestly think the UX realization the crypto world is going to have this year is going to re-shape how the next 10 years of crypto products are made.
People will stop building for the whole web3 ecosystem. I believe they will start with a core use case, select the necessary
hands down
@AwakenTax
has been the best crypto tax reporting product i've tried over the last two years: intuitive, sleek UX/UI; accurate handling of crypto transactions like staking, bridging, and nft trading; and a SUPER responsive team.
shout out to andrew
@big_duca
for all
In 2022,
@big_duca
and I faced the nightmare of crypto taxes and set out to solve the problem ourselves. After raising funding from
@southpkcommons
and building for months in stealth, we launched Awaken in January of 2023.
Stickers on laptops are a great way to meet people. I was working in my gym’s lobby today, and someone asked me about my YC sticker… turns out he’s an ex-YC founder. One hour later, we are meeting up for dinner
People ask me if I'm passionate about crypto taxes, or if I do it because it's lucrative.
We are a "tax" company, but we're actually solving a "data" problem. We have to take this mess of public blockchain data and build software that can understand what's happening.
⚠️ Every crypto user needs to know this: If you lost money on crypto in 2022, you can easily save thousands of dollars in future tax years. You just have to report your capital losses. Here's how it works, explained by ChatGPT. Easy-to-understand explanation in the thread below👇
How to buy $JENNER:
1. Go to the app store and look up “Movement Market”. You can also buy on the website
2. Sign up with username and password
3. Put in some money with Venmo or credit card
4. Click “Buy”
@Caitlyn_Jenner
Fully non-custodial. Built on
Memecoin feels like too narrow of a word to me. Soulja’s Boy’s $SBOY isn’t a memecoin, Christianity Coin $CHRIST isn’t a memecoin…
Personally, I feel that a more appropriate word is “financial movement” — or ���movement” for short.
Every new coin is a movement. They are
I'm on Reddit right now.
The number of people who think they can get away with not filing their crypto taxes... is crazy.
Every time someone transfers from a centralized exchange to their wallet, it's stored in a database.
Why would there be any difference between earning
ahh... good 'ole times.
This is an unusual thing to say, but I'm looking forward to next tax season. 🔥🚀
We have just as much new value coming this year as we did last year -- if not more. The crypto tax market doesn't even know what's about to hit it.
Awaken has been growing FAST!! Let's keep this exponential momentum going ladies & gents.
AWAKEN TO THE MOON! 🚀🚀🚀
Thank you to everyone that's sharing us... You are the reason this is happening! ❤️
Starting a startup is tough because there are infinite decisions you can make. Should you continue working on your product that is growing, or is there a different startup idea that can grow 10x faster? Should you focus more of your efforts on growth or product this month? What’s
I quit my TradFi job six months after graduating from college. When I left, I didn't know what product I wanted to create, but I knew it would be on
@solana
.
Excited to be a part of the
@southparkcommons
Founder Fellowship with my co-founder
@big_duca
!
@TendermintTimmy
Dude, you HAVE to try Awaken. It's the first tax software build for web3 – full support for staking, NFTs, bridging, LPing, etc.
We're blowing up. Check out what people are saying about it 👇
So, I wish I would have listened to this a month ago. This was, BY FAR, the best experience with crypto tax preparation. Thank you for replying to this original thread,
@AwakenTax
. I will use you from this day forward and highly recommend it.
Thank you to all our beta users, who have helped us get from zero to where the app is today. We’ve formed an awesome community, and we’re excited to see it grow.
Here’s the link to give the app a spin 👇
My first digital art collection drop...
Collection name: "The Personalities of Crypto (2023)"
Featured: "Gary Gensler - The Villain"
Thread for the full collection of 9 pieces 🧵
(Made using Midjourney.)
Those are fair points, but...
(a): Boring: It turns out, most of what we build actually has nothing to do with taxes. It's about data. We ingest tons of data and run complex algorithms to understand it. I don't really care about taxes, but I am so passionate about Awaken.
Ok, just plugged a clients wallet into
@AwakenTax
and started playing around and im blown away. A bit more expensive then most, but seems to be more than worth it.
Distribution is so powerful for a startup. For example, 33% of CoinTracker users left 1-star reviews on TrustPilot, signaling that the product is bad. Yet they had partnerships with giants like OpenSea and Coinbase, which allowed them to do a ton of revenue and raise $100M.
(b) Competition: There's a reason it's a painful problem – none of the competitors have great products! Google was 5th-10th to market when it launched.
(c) Seasonality: It turns out, there are massive opportunities to build a sticky product and re-acquire customers. 🤫🤐🤫
1) To find PMF: We tackled the most painful problems that nobody else wanted to solve.
Our story reminds me of Stripe. Everyone knows web3 taxes are a problem, but nobody wants to solve it.
Here's why:
(a) "boring"
(b) "lots of competition"
(c) "it's seasonal"
I hear the song Empire State of Mind almost every time I pass through Time Square.
I wonder how much Jay Z makes from people playing that song just in that area
When we launched
@movement_solana
we got like no traction lol
Then we changed our growth strategy and now things are looking different
I learned a good lesson there about having confidence in your own product and the importance of growth strategy
Last tax season,
@YashMoondhra
and I paid $500+ for crypto tax products that gave us inaccurate reports. We couldn’t submit this incorrect information to the IRS, but we didn’t want to spend 10+ hours doing it manually either. It was a nightmare. (2/n)
Awaken was, by far, the most accurate crypto tax software on the market. Today, it has built-in support for 15,000+ smart contract fxns. Many of our users told us they were able to do their taxes in 1/10th of the time.
👇 Awaken got feedback like this every day during tax season
Music is my greatest motivating force in life.
When I listen to great music and think about my life, it paints a clearer a picture. It makes me enjoy the moment more, and forms it deeper memories.
When I'm exercising at the gym, working from home, or thinking about my
@JPmoregainz
Awaken automatically handles $ARB airdrops (I coded support for that), Gem / OpenSea / Magic Eden NFT sells and a lotttt others, Hop Bridging / Plasma Bridging, and so much more. Check it out -
@AwakenTax
Would love to see more memecoins going on Tik Tok. It is the platform built for virality. The market there is also completely untapped, so whoever is first to consistently produce relevant + quality content will likely become a big winner.
2) The cliche is true. We worked our asses off, were relentless, and didn't settle for the easy route.
My co-founder
@big_duca
and I often work past midnight (like tonight), just for fun.
P.S. I still party too, of course. Gotta live it up in NYC. 🙌😤🙌
An example of why crypto tax software products can be wrong by hundreds of thousands of dollars -- just because of one simple transaction.
Here's an example. Someone bridged $110K of USDT and received a $24 ETH refund back. Every crypto software today... (see more in thread) 🧵
@ljin18
Hi Li, my co-founder and I made this in one month for our company
@AwakenTax
. We quickly grew from 0 to thousands of users last tax season, and are about to launch our mobile app.
CC:
@big_duca
Exciting news... 🥁🥁🥁
Our portfolio mobile app is dropping next week.
One place to see all your crypto holdings. Solana, EVM chains, CEXes, NFTs, coins, DeFi positions, and more.
Smash that like button if you want to give it a try 💥💥
⛽️ Trade with no gas fees - We'll handle all SOL gas fees for you, so you pay in USD(C). We use
@JupiterExchange
to get you the best prices on your trades.
Here are the 3 things our 100 beta users love most about our app:
1. See one total net worth for all your wallets/exchanges, NFTs, and DeFi positions.
2. See your total balance of each token (e.g. 5 ETH) across all accounts.
3. See how your token is split across your accounts👇
Our goal is to revolutionize the web3 UX. We have a ton of new features lined up, like trading on your unrealized gains/losses, seeing your NFT cost basis, and seamlessly transferring between your wallets.
Last year, when I placed an onchain trade I had ZERO idea how much money I made.
What if you could see the gain/loss of your onchain assets... and then one click trade 👀
It's coming. DM if you want to join our ~85 person TG group (was 3 ppl 2 weeks ago).