Content pfp
Content
@
0 reply
0 recast
0 reaction
Colin pfp
Colin
@colin
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 ??
18 replies
5 recasts
50 reactions
androidsixteen pfp
androidsixteen
@androidsixteen.eth
I mean Drakula did the “por que no los dos” strategy and has $BLOOD It’s just not been as successful as using $DEGEN
1 reply
0 recast
3 reactions
antimo 🎩 pfp
antimo 🎩
@antimofm.eth
Launching your own token for your project is like launching a streetwear brand instead of just printing merch
0 reply
1 recast
2 reactions
William Mougayar pfp
William Mougayar
@wmougayar
Yup. Analogy is L2s with their own tokens vs. without. If Base did it without a new token, it begs the question if a native token was really needed and its actual network utility. Btw I thought Blood is their points system.
0 reply
0 recast
0 reaction
jenny.degen 🎩 pfp
jenny.degen 🎩
@cryptojenny
Community!
0 reply
0 recast
0 reaction
tani ↑ pfp
tani ↑
@tanishq
I think we’ll always see a native incentive from app. Building atop $DEGEN is purely to get people in, the GTM. Airstack doing it with STACKS, Drakula - Blood, Perl - Perls
0 reply
0 recast
0 reaction
Donald Bullers pfp
Donald Bullers
@db
Don't forget points. I posed this question recently and each of the three options have their pros/cons highlighted by cold start and longevity.
0 reply
0 recast
0 reaction
BennyJ504 🎩🔵 pfp
BennyJ504 🎩🔵
@bennyj504
I will say because Degen is the token of Base currently! He's trying to fight TikTok... he can focus on that instead of fighting everyone at once
0 reply
0 recast
0 reaction
beigegrape pfp
beigegrape
@beigegrape
Don’t they get a grant directly from $degen?
0 reply
0 recast
0 reaction
qdo pfp
qdo
@qdo
its hard bro...
0 reply
0 recast
0 reaction
ibi patria 🎩🥷 pfp
ibi patria 🎩🥷
@benclair
a solid way to bootstrap a vibrant community
0 reply
0 recast
0 reaction
Charlie pfp
Charlie
@creatorcharlie
They're revolutionizing the idea of a vampire attack.
0 reply
0 recast
0 reaction
swol pfp
swol
@swolidity
i'm also curious why they are only using the farcaster social graph (if you don't sign in with warpcast you have no graph and can't follow anyone right now) and not using the farcaster protocol to post videos to (i.e. be a client). kinda feels like its just a video upload site with friend.tech bonding curves tacked on.
0 reply
0 recast
0 reaction
thelastsupper pfp
thelastsupper
@thelastsupper
Degen for degens.
0 reply
0 recast
0 reaction
mitchell pfp
mitchell
@mitface.eth
Building your own audience is tough, so I love the idea of reaching established audiences in a permissionless way. Drakula's name is so fitting 🧛‍♂️
0 reply
0 recast
0 reaction
Investment Explorer pfp
Investment Explorer
@investments
network effects are stronger when several communities rally around a single token as long as drakula got a decent allocation, i'm sure it was a win-win
0 reply
0 recast
0 reaction
Mrpoopybutthole pfp
Mrpoopybutthole
@mrpoopybutthole
They've done over 10m USD volume, I'd say they're doing something right 🎩🤝🩸
0 reply
0 recast
0 reaction
MANUΞL 🎩 🦈🐝 pfp
MANUΞL 🎩 🦈🐝
@manny0x
50 $DEGEN
0 reply
0 recast
0 reaction
He he🎩Go...!! pfp
He he🎩Go...!!
@piblockexplorer
GiveMeBos
0 reply
0 recast
0 reaction