Austin Castellaw

Social tokens have shown their efficiency on incentivizing individuals to share their skills with others. Projects that have succeeded in creating thriving communities all have strong Tokenomics. Tokenomics is a successful community’s superpower.

- compensation is about incentivizing people and what we want the DAO to actually accomplish and then find the straightest line between the money and the motivation.

Coordinape can quickly become a contest of popularity. “Visible” members usually tend to receive more than other members. This could be a major issue for people working by themselves and not sharing their work with other members on TG or Discord for example. At the beginning of each Epoch, each member can add a few lines to explain what they did.... See more

So let’s dig into utility. We’re going to cover:

-Aligned incentives have a big role in the success of DAOs along with giving people power over their work or having a piece of ownership. It can also serve as a personal expression about what you care about.

1. How the community can participate towards meaningful objectives for the network (give tokens for work to be done)