Crypto Tokens
sari and
Crypto Tokens
Are tokens are the new website? Like @cdixon I believe so, and here’s my take on why. 🧵👇
descriptiontwitter.comPredictions on tokens & DAOs:
- Current governance tokens are trying to bake too much into a single token. Every DAO in the future will have multiple tokens—at least 3
- A DAO or protocol’s NFTs & social tokens will be more valuable than its governance tokens in the future
iantwitter.comIt took me a while to understand why web3 is so important.
Now, I'm pretty much addicted.
Here are 11 reasons why I decided to go all in 👇
https://t.co/neijxlqPgN
YBtwitter.com
Exclusivity is a Double-Edged Sword – there are diminishing returns to growing an exclusive community.
The Social Token Paradox by @gaby_goldberg got me thinking about how socials tokens based on exclusivity might get trapped in a cycle of growth and diminishing social value.
The new fandom formula
docs.google.comCityCoins
citycoins.co
airdrops are cool - we love the "free" $, but bootstrapping a community around a token drop does little more than gather a community of speculators, rather than actual users.
1) do token holders care about the community?
2) what utility is associated with holding the token?
Jad Esber 💥twitter.comTokens that get their value from "governance rights" are mostly bullshit.
In order to assess whether the governance rights are actually valuable, look at 3 related areas:
- Scope
- Scale
- Selfish Benefits
Quick 🧵
Kash (🐱, 🐐)twitter.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