Austin Castellaw

Laura Shin:

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.

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

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.

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

-Most atomize compensation by role and piece work. Perhaps a third way where something like core contributors have a base role and then are rewarded for extra work. Compensation can be hard to pin down for roles like business development or strategy.

Obligated/Friendly Votes are mostly happening in big DAOs. In this case members will give to others just because they personally like them or because another member has a “higher role’ so they feel obligated to give them something. it may also happen because you naturally have more visibility over what your friends are doing.

- 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.