Austin Castellaw

And if nearly the entire audience who is playing the game is only there to make money, as soon as the earning possibilities go away so too does the audience, and then the game rapidly falls apart.

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.

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

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

In this third part, I’m going to cover utility. Utility is a subsection of the Demand side of the tokenomics equation. Even if a token has a great supply model, it still needs a good reason to exist and for people to hold it. Without those, there will be no demand for it, and no one will buy or hold it.

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.

So what IS SourceCred?

Revenge Votes are mostly happening in small DAOs in which members usually allocate to all members. If someone gives you an amount that you don’t find acceptable, you will also allocate a small amount to this member.