Dan Romero
@dwr.eth
"Why doesn't Farcaster have $0 sign ups" Why doesn't Etheruem have $0 gas fees?
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Niko
@nikomfer.eth
Why doesn't Farcaster have a token?
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Dan Romero
@dwr.eth
What would it do?
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Niko
@nikomfer.eth
- ICO to raise funds towards a treasury for operations, r&d, signup costs, making it easier to you guys to keep doing your thing - Staking for certain benefits in the protocol i.e. reduced or free storage fees - Smaller benefit - visibility and get 10x more eyes on Farcaster
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Dan Romero
@dwr.eth
1. ICOs are not legal in the US 2. So you would buy a token to get a discount on a storage fee? Where does the token money go? Isn't that just a storage fee with multiple steps?
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Niko
@nikomfer.eth
How much do you think Farcaster could raise if it crowdfunded?
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Niko
@nikomfer.eth
No, I would buy hella Farcaster tokens because a) I love the platform and b) for the potential utility. People buy stocks of companies they love and support. It is not different on web3 e.g. memecoins This token money can go towards a treasury. NFA but I would persuade friends and family to buy the token too. People love talking about their holdings.
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