Tokens 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 π§΅
The thesis for value accrual in the social token ecosystem is straightforward.
Social token platforms with strong token economic models β that directly capture value from social tokens β will have the greatest opportunity to accrue revenue and value from social tokens.
1/
Hate to be a party poopoooor but...
So much 101 startup knowledge seems to be forgotten in the race to just launch tokens in crypto these days.
I think the space has *not* become useful enough that decentralized governance should be a priority.
Lil thread π