Using Tokens to Bootstrap Attention and Community Engagement

DEGEN, launched on the Farcaster network, a token to reward users for creating quality content and engaging with the community. This approach helps generate initial attention by incentivizing users to participate actively. Tokens act as a currency for attention, aligning the interests of both creators and users.

By participating in the DEGEN community, users can earn rewards for their contributions, fostering a vibrant and engaged network. This is a cool example of how crypto can be used to boost attention for projects 

I learned this perspective from Li Jin, who emphasizes that crypto can be viewed as the next iteration of the attention economy. Memecoins, NFTs, and tokens act as new “attention assets,” measuring and capturing the value of attention in real time, thus creating a more efficient market.

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