Colin

Watch & trade videocoins. Get /drakula on : apple.co/3N8hRmi and Android play.google.com/store/apps/details?id=app.drakula

Interesting to think about why projects like @drakula launch on a pre-existing but relatively new token like $DEGEN, versus rolling their own token or just launching using straight ETH

$DEGEN:
- ride the wave / traction / visibility
- attract degen crowd

Own token:
- complexity w/ tokenomics
- harder to bootstrap

??

cma.xyz. Founder /paragraph, ceo /mirror, previously at Google & Coinbase 

I mean Drakula did the “por que no los dos” strategy and has $BLOOD

It’s just not been as successful as using $DEGEN

It’s reflexive - the tide can also wash out leaving those apps naked. No PMF outside of nibbling at the margins of speculative mania

😪 completely forgot they started with $BLOOD - never used Drakula, just been an observer

I suppose riding the $DEGEN wave outweighed the viability / desire to own or earn $BLOOD

A rising $DEGEN tide lifts all $DEGEN-integrated apps