FireDAO is a social DAO project based on PID and FID soul-bound accounts, and it's initiated and established by the RainbowCity Foundation. I'm one of the project team member and would like to gather more ideas from everyone in Bitcointalk forum.
I've seen alot of projects did so well during the bull market, but now I'm wondering is bear market will affect the progress of a new project...
When a bear market happens, people will tend to accumulate top projects like bitcoin, eth... and avoid investing in new projects because new projects will be riskier. Personally, I would not invest in new projects at this time, even popular ones invested by large funds, let alone crowdfunding projects. In my opinion, it is not advisable to launch a new project in the bear season because it will face a lot of difficulties, while if it is launched in the bullish season, everything will be smoother and easier.