Crypto Tokens
sari and
Crypto Tokens
In theory, crypto makes it possible for users to partake in the success of the products and communities they are part of. In practice, token-based economies are very difficult to design. We’re going to see a lot of trial and error.
Some challenges I'm seeing:
sari azouttwitter.com
The thesis for value accrual in the social token ecosystem is straightforward.
Social token platforms with strong token economic models – that directly capture value from social tokens – will have the greatest opportunity to accrue revenue and value from social tokens.
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Airdrops are inefficient token distribution mechanisms since they don’t measure how valuable of a contributor a token recipient is
Why reward a token to someone if they aren’t going to contribute to the network?
We need to be better than just rewarding early users
brian flynntwitter.comIn a recent thread on crypto, I argued that crypto and tokens enabled the formation of businesses that heretofore could not be created. Some responded that cash could be used in place of tokens, and therefore the ‘innovation’ of crypto was not meaningful. I beg to differ.
Bill Ackmantwitter.com
