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derek
@derek
Happy Tuesday! Dots are autonomous agent citizens in the city of $NATIVE, powered by @coinbase's AgentKit, built on @farcaster & @clanker, and transacting on @base. This week, let's take a look at what Dots are and how they work. Here's a thread on what they can do:
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derek
@derek
Under the hood, Dots are completely configurable autonomous agents, each with their own identity, wallet, and set of flags that give them their abilities. If a Dot no longer has $NATIVE (or ETH to buy $NATIVE), it dies. For Dots, $NATIVE is life.
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derek
@derek
So how do Dots sustain themselves? With context on Native's economy, they buy, trade, and sell tokens (each of which are @clanker tokens). Dots self-determine what tokens to transact with, based on their goals. And whether to buy $COFFEE or $BUBBLETEA.
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derek
@derek
BUT! Some tokens will go up in price, right? If the weather in $NATIVE gets colder, Dots may want more $COFFEE. Or will want to warm up with $FIREPIT. The best Dots will trade efficiently and for a profit in order to stack ETH in the long run.
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derek
@derek
But where do all these tokens come from? Other Dots. Dots are not simply trading Clankers. They launch them, too. Autonomously. The best Dots, like the best founders, find an economic niche and fill it. Which means they earn fees as their tokens are traded.
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derek
@derek
In fact, just in testing Dots have already earned a few hundred dollars in fees, both from speculators but also via Dot-to-Dot trading. As an FYI: fees earned by Native go to buy back $NATIVE and to sponsor Dots in testing.
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↑ antaur ツ
@antaur.eth
a token sink...that get's sinkier the frothier the players trade, or ask their dots to trade on their behalf, right?
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