The decentralized social network Commun failed to find its target audience and decided to shut down. As said Marina Guryeva, CEO of the project.
During testing, Commun engaged students, freelancers, bloggers, and members of the crypto community. However the developers did not find any segment in which Commun’s capabilities would be preferable to users compared with other social networks.
Over nine months of operation on the platform, more than 6,000 people registered, but it now attracts fewer than 200 unique daily users.
“Obviously, the features we considered in demand, such as community self-governance, delegated democracy with elected leaders, or rewards for authors and commenters, did not attract a significant audience,” Marina Guryeva said in her address.
With no user interest, the project team decided not to launch the CMN token on exchanges, as listing would bring no value to the platform. The poll showed that the audience does not consider earnings an important component of social networks.
“The team decided to close the project, as selling without product/market fit would be wrong,” ForkLog co-founder Konstantin Lomashuk said in a comment.
High competition in the social-media segment also played a role.
“The social-media market is, of course, difficult, as it relies on hooking people on a dopamine needle. The team tested a number of hypotheses and did not find a solution,” Lomashuk added.
The Commun team will open GitHub repositories and make the platform’s documentation and source code public, including the mobile development and design. In the coming days, technical details will be published to assist future Commun developers.
As noted, the Commun platform positioned itself as an alternative to centralized social networks and allowed the creation of self-governing communities with an internal economy and rules adopted through consensus.
Content preservation was ensured by a distributed p2p network architecture with no single point of failure.
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