🔹 Insight #04 – User Growth > Whitepapers

(Disruption Signals)

"Ideas don’t scale. Usage does."

Most founders still think a whitepaper will raise them millions.
It won’t.

In Web3 and emerging tech, the market has moved past promises.
A PDF doesn’t build network effects. Real users do.

At Altvalue, we filter noise through one question:
👉 Does it have users?

If a project can’t show traction — daily active users, transactions, retention, integrations — then it’s not investment grade.
Narratives are cheap. Data is expensive.

The most valuable tokens of the next decade won’t be the ones with the flashiest decks.
They’ll be the ones with actual lock-in:

• Protocols where leaving means losing revenue

• Platforms where growth compounds with every user

• Infrastructures where adoption becomes irreversible

Whitepapers might spark curiosity. But only usage creates value.

At Altvalue Capital, we don’t buy stories.
We buy proof.

→ See our checklist for crypto with fundamentals