Austin Castellaw

To identify and reward the users who have contributed value to the platform—a form of signaling, which those users can parlay into public reputation.

Distributing tokens to users through airdrops and ongoing liquidity incentives: Airdrops distribute tokens to users based on their past actions. They may be high-value users of other protocols or have previously used the present protocol — however, this approach rewards past behavior over future commitment. There is no assurance that these people

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If more money is being extracted than what is being put in, then naturally the economy will eventually fall apart. Money doesn’t grow on trees after all, not even digital ones.

Capital is flowing into crypto. Over $20B in crypto funds have been raised since the start of 2021 per Dove Metrics. Dry powder is abundant, but liquidity is asymmetrically distributed. Most capital is focused on early-stage, private projects. That’s not sustainable. While retail investors have been able to consume the float of historical crypto... See more

As players earn and extract money out of the gaming economy it puts significant downward pressure on prices, as most people are just cashing out their winnings and not reinvesting back into the game.

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... See more