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Your idea for market-making software in the crypto space falls into a category where there isn't a lot of demonstrated market activity yet. We found only two similar products, suggesting the problem might be niche or not yet considered pressing by many. The lack of comments (low engagement) on similar products reinforces this, meaning people aren't actively discussing or seeking solutions like yours. Essentially, you're in uncharted territory, which can be exciting, but it also means you'll need to work hard to prove there's real demand before investing too heavily. Focus on validating the problem and finding your initial users.

Recommendations

1. Given the limited validation, your first step should be to engage directly with potential users. Actively participate in crypto communities like Reddit, Discord, or Telegram groups where token creators and traders gather. Share your idea and ask pointed questions to understand their pain points with existing market-making solutions or the lack thereof. Don't just pitch; listen and learn.
2. Before building extensive software, offer a manual market-making service to a few crypto projects. This hands-on approach will give you invaluable insights into the practical challenges and specific requirements of your target audience. You'll learn what strategies are most effective, how to handle liquidity issues, and what kind of automation would truly benefit them.
3. Create a concise explainer video demonstrating how your software could address specific market-making challenges faced by crypto token projects. Focus on the benefits and ease of use. Track viewership and engagement to gauge interest. A simple landing page with the video and a way to collect email addresses can be a great start.
4. To gauge genuine interest, consider asking for a small, non-refundable deposit to join a waiting list for your software. This demonstrates commitment and helps you filter out casual inquiries from serious potential users. Be transparent about what they're paying for (early access, exclusive features, etc.).
5. Set a clear deadline for your initial validation efforts. If you can't find at least five genuinely interested people willing to put down a small deposit within 3 weeks, it's a strong signal that you need to rethink your approach, refine your target audience, or even pivot to a different problem.
6. Consider focusing on a specific niche within the crypto market-making space to start. Perhaps target new tokens, or tokens with specific volatility profiles. This will allow you to tailor your solution and marketing efforts, and gather more targeted feedback.
7. Explore partnerships with crypto launchpads or incubators. These organizations often work with new token projects and could be a valuable source of early adopters and feedback. Offering your software as a value-added service to their clients could be a win-win.

Questions

1. What are the specific, quantifiable pain points that crypto token projects experience with current market-making solutions or the lack thereof? Can you articulate these in terms of lost revenue, increased volatility, or wasted time?
2. Given the low engagement observed in similar products, what innovative strategies will you employ to capture the attention of your target audience and generate genuine interest in your market-making software?
3. If your initial validation efforts fail to yield sufficient interest, what are your predetermined criteria for pivoting or abandoning the project? What alternative solutions within the crypto space might be worth exploring?