Incentive Design
sari and
Incentive Design
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 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.
1/
Only launch a token when you have figured out:
1. How the community can participate towards meaningful objectives for the network (give tokens for work to be done)
2. Who to distribute ownership to (making sure you are distributing ownership to those that create the most value)
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