binji 🔴 on Warpcast

binji 🔴 pfp

we need less tokens that people can just buy and we need more tokens that people have to work for/earn in some sense, mining was a form of earning, but we need to evolve further and bring that into a more accessible vehicle for the masses; but also one that’s less passive.

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Garrett pfp

what about token demand?

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Erik pfp

first that comes to mind is loyalty tokens for established brands

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Ξric Juta pfp

I agree to some extent but work is dollar denominated if you do work for a dao, even if the unit of account is the governance token for payment, you still assume there's a multi hop to usdc

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CrimsonWaves77 pfp

@crimsonwaves77

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Levi pfp

We need more proof of personhood. Leads to a sybil farming meta without it. Zero sustainability and poor metrics imo. Big reason why governance is so broken across crypto.

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ionspired pfp

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Sangohan.base.eth 🟠 pfp

Sangohan.base.eth 🟠

But if we can't buy it, how can we value it? Maybe a token that we could buy but only for a short, predefined period. This would grant access to participation to earn it through work. It would be a win-win situation: those who work can recover value, and those who buy can create value through their work. For example, I work for a month and earn X tokens; instead of dropping them, I think twice because if I sell, I lose some of my advantages, so I sell sparingly. Via a contract that smooths sales over a spread-out period, by epochs perhaps? From X to X tokens (total value = Y) epoch 1, epoch 2 with a total value lower than epoch 1, etc. So that the larger bags are sold later and only represent a value equal to the previous epoch, hence controlled sales. There is certainly something to think about; I agree. Now we just need to figure out what and how 😅.

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