Austin Castellaw

Algorithmic — The value and supply of algorithmic stablecoins are controlled by code. If the demand for the coin starts to increase rapidly, the protocol automatically creates more coins to bring the price down. If the value drops too low, some of the supply is burned to bring the price back up.

Through off-chain scaling, users will have access to unlimited computation at a cheap cost. Thus, games' logic could be finally deployed on-chain as smart contracts. We will refer to this family of games as strongly on-chain games.

Isn’t it weird how the tables have turned? Now, let’s look at a Web3 version of this.

StepN isn't a P2E. It's a social fitness app. Different user demographic.  Running is a perpetual activity for those who wish to keep themselves fit.  Hence, StepN's base players are more sticky compared to other games.

Defensibility in web2 comes from proprietary data network effects. Each application is a walled garden, and a bigger user base translates into more utility vs. competitors.  The social network with most data, content, users, etc. is more valuable.

So, what types of tokens should be used for which community purposes? As with most things in life, the answer is: it’s complicated! Each DAO needs to evaluate what type of community they are trying to build and determine the right combination of assets for economics, governance, and membership. But, generally speaking, we think it makes more sense... See more