Austin Castellaw

If you look at the social DAO landscape, you’ll see communities with different social token models. Some, like FWB, use a fungible social token to gate community access. Many emerging PFP-based communities like BAYC use NFTs as the primary community gating mechanism. Whether fungible or non-fungible, social tokens in DAOs usually represent three di... See more

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.

I get paid in a lot of different ways which is the fun part of this. So, there are a few different ways. One of them is in tokens that are effectively like governance tokens from a DAO. So, for Index for example, I’m paid in Index tokens. I personally hold those tokens. Some people who are paid in those tokens sell them right away, it depends on if... See more

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.

Spending vs HoldingCash flowsGovernanceCollateral

There are a variety of different strategies that can be employed to achieve a long term, stable value for a token. ‘Locking tokens’ is one of these strategies and is commonly seen as an effective way to keep a token’s value high in the long run. Token lockup refers to a specific period of time during which the tokens cannot be transacted or traded.... See more

2. Who to distribute ownership to (making sure you are distributing ownership to those that create the most value)