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Social tokens are tokens issued by individual creators or communities that enable community members to collaborate and share ownership in the value created together. Social tokens can be earned as rewards for contributing to the group and can be used for purposes such as granting access to a chat group or voting on community decisions. “Social toke... See more
Linda Xie • A Beginner's Guide to Social Tokens
When you are finally ready to spend time on token design, it will seem like a daunting task. You wonder, “is there a playbook?” The short answer is no, there is no playbook. Tokens should absolutely be designed from first principles, according to the unique needs of your product.
Qiao Wang • Common pitfalls for Web3 founders
So the larger question we might ask, then, is what advantage creators get from issuing social tokens as their fungible currency rather than not only NFTs but a currency like Ethereum. And there is a simple answer: these projects get to keep a number of the tokens for themselves, effectively issuing themselves free money out of thin air and watching... See more
David Phelps • The Currency of Community
ScholarshipsWhat if Bankless distributed non-transferrable scholarships for access, with tokens that were vested over 3 months to discourage flipping? Non-transferrable NFTs loaded with vested native $TOKENS
Introducing PRTN Guest Pass
Speaking of tokens, Ethereum can be used as a platform to create other cryptocurrencies. There are currently two popular protocols for tokens on the Ethereum Network: ERC-20 and ERC-721. Both ERC-20 and ERC-721 are protocol standards that define rules and standards for issuing tokens on Ethereum.
Sze Jin Teh • How to DeFi: Beginner
Network Tokens: tokens that represent a shared meme that act as a “schelling point” to connect other communities that aim to proliferate that meme in a specific way or for a specific audience.
Forefront • Tokenized Communities
Testovsky ETH
@testovsky