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Dan Romero
@dwr.eth
We’re planning to launch a new, optional “Pro” protocol subscription 1. At launch, subscribers will have a Pro badge on their profile 2. Subscription will be onchain and part of the protocol. 100% of the proceeds go to casters / developers in weekly rewards. This in addition to the existing $25K+ a week in rewards. 3. Planning to add longer casts (10K characters) and up to 4 images per cast for pro subscribers (needs a protocol change). Additional features over time. 4. $120 a year / $10 a month Why are we doing this? - The protocol needs to find long-term revenue source that can continue fund caster and developer rewards beyond any one company. - We originally thought storage fees could be that, but we’ve realized that storage fees should be essentialy free to help growth. - So we’re trying an opt-in pro subscription as another model Why now? - Figuring out a long-term revenue model that works will allow us to double down on investing in growth
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Crypto247
@crypto247
Currently, each user pays an annual fee of $5 to use your product. With a total of 600,000 users, you're generating around $3 million in revenue each year. Your Pro protocol package is similar to VIP subscriptions on other platforms like YouTube or Twitter. I believe it would be more practical and appealing if you integrated advertising on Farcaster and shared a portion of that revenue with users.
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Dan Romero
@dwr.eth
> Currently, each user pays an annual fee of $5 to use your product. That's no longer the case and we're reducing the per user annual fee to $0.20.
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