$DEGEN has laid out the economics of Farcaster channels

Create a channel, build a community, launch a token, reward those who were early 

Use token as a karma system for being active

Use token as a channel currency for rewarding contributors and content

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

The first thing I ask any founder or friend considering a token is “why?”

Are you a product or service, or are you a financial asset play? Both are tough. One has pirates.  

The beauty of FC is you can already drop incentives to wallets. Why do you need to be JPow? Better yet, why do you want to?