Dillon 🎩 on Warpcast

Luiz Ramalho pfp

Thinking about token incentives and retention. Token incentives for a product that enables an action that is perfectly fungible after the action is completed (trading, paying) makes sense. A token traded on Uni and Sushi is the same. An NFT traded on Blur and OS is the same. A payment made on Cash App, Venmo or /blackbird is the same. Not the same UX, but same end state of the action. To have long term stickiness ideally the product experience is also superior to the alternatives. But something like Farcaster and X don’t feel fungible. Posting on FC is materially different from X, Instagram, FB, etc. audience, format, algo, vibes, it’s all very unique. Native token incentives without fungibility do seem bad. That’s why I think @dwr.eth is right to not go down this path.

3 replies

11 recasts

41 reactions

Dillon 🎩 pfp

interesting and I think I vibe with. What do you think about the experiment with Rewards and or generally Fantasy Top and other things?

2 replies

0 recast

0 reaction

Luiz Ramalho pfp

I like rewards because that’s just rev sharing at some level. And it’s simple enough compared to having to deal with a native token and all the baggage that comes with it. But I really don’t think rewards are enough to vampire attack another network like you can with fungible actions

1 reply

0 recast

1 reaction

Dillon 🎩 pfp

im generally with u here. I wanna come back to your OP. If 1 token doesn’t work then why not try 10 million? Curious what you feel about the following token model. Probably will be a visceral reaction 1. Tokenize all the channels (ala pump) 2. Revshare across all the trades / engagement Because attention is not fungible across all communities, but could be within one community

1 reply

0 recast

1 reaction

Luiz Ramalho pfp

This could be interesting and would be cool to see how it performs. That being said I would probably try to exhaust other approaches to growth first. As I said in a different answer, the real issue with FC is lack of good content. There’s some, but we need more. Attracting interesting sub-20k accounts on X, and get them more exposure here could work. It worked for TikTok (coupled with a huge marketing spent) Token launch is really a one way door. Super painful to put the cat back into the bag

1 reply

0 recast

1 reaction