The world of Web3 and blockchain development is buzzing, but navigating it can be a minefield when it comes to partnering with development agencies. Gus Klaison, the CEO of BeAWhale, a leading Web3 design and development agency, is on a mission to educate blockchain project founders about the industry’s often-hidden toxic practices.
Exposing Hidden Costs in Web3 Development Contracts
Gus Klaison recently released a free guide detailing seven deceptive tactics commonly used by Web3 development agencies. He claims these practices can siphon an additional $10,000 to $50,000 from unsuspecting founders. These tactics are buried in contracts and disguised through polished sales pitches, leaving many startups financially strained and unable to deliver their projects successfully.
One of the most common traps, according to Klaison, is the “bait-and-switch.” Here’s how it works: agencies send in their top-tier tech leads to win your trust during initial sales calls. Once the contract is signed, these experts vanish, and your project is handed to junior developers who lack the required expertise—all while you’re charged premium rates for subpar work.
Other Deceptive Tactics to Watch For
The guide from BeAWhale outlines several other red flags, including:
- Exit fees: Agreements that demand as much as $15,000 just to terminate a contract.
- Bloated timelines: Deliberate delays designed to justify higher invoices over time.
- Proprietary code dependencies: Code intentionally written to bind you to the original agency, making it nearly impossible to transition to another vendor without incurring significant costs.
- Scope creep: Projects tacking on unexpected extras, inflating costs by an additional $20,000 to $50,000 or more.
“Most founders don’t realize what they’re walking into until it’s too late,” Gus explained. “The contracts are designed to trap you, eat up your budget, and lock you into relationships you can’t easily escape.”
How BeAWhale Sets a New Standard for Ethical Development
In contrast to these practices, BeAWhale operates on a philosophy of transparency and long-term relationship building. They prioritize delivering value upfront, with no hidden costs or strings attached. Their guide, offered freely without requiring a signup or consultation call, empowers founders to identify and avoid pitfalls before signing with any agency.
BeAWhale specializes in building blockchain projects with guarantees that are rare in the Web3 space. Their team adopts a selective approach, choosing integrity over volume to ensure that founders receive quality solutions without financial risks.
Download the Free Guide
If you’re planning a Web3 project and want to protect yourself from these toxic practices, BeAWhale’s free guide is an invaluable resource. It walks you through what to look for in contracts, how to identify red flags, and how to ensure your blockchain project stays on budget.
Click here to access the guide for free. Whether you’re a new founder or an experienced entrepreneur, this guide could save you from costly mistakes.
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