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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 ??
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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
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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.
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antimo 🎩
@antimofm.eth
Launching your own token for your project is like launching a streetwear brand instead of just printing merch
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jenny.degen 🎩🟣
@cryptojenny
Community!
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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
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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.
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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
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ibi patria 🎩🥷
@benclair.eth
a solid way to bootstrap a vibrant community
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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.
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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 🧛♂️
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