Crypto companies spend $1,890 to get one customer.
normal fintech spends $1,672. Traditional software spends 4 to 7 times less.
why does crypto cost so much more?
It's not the ads. It's everything that happens after someone clicks.
→ seed phrases nobody understands
→ KYC that takes days
→ funding a wallet for the first time
→ the fear of losing everything by pressing the wrong button
every person who gives up at any of those steps, you already paid for them.
and if you paid 4 to 7x more to acquire someone, you need them to stay 4 to 7x longer just to break even.
almost no crypto product is built like that's true.
Airdrops exist for the same reason. the real acquisition cost is too uncomfortable to show in a deck so teams move it onto the token instead.
the problem was never the marketing.
It was always the product.