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Ignas | DeFi
@ignas
Will Farcaster launch a token? 'One source, who requested anonymity due to the constraints of his business, told me that, like most protocols, he expects that Farcaster will launch a token, and investors will be keen to capture the fully diluted value of it—regardless of whether there is liquidity.'
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Dan Romero
@dwr.eth
What would the token do?
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Ignas | DeFi
@ignas
Tokens are generally used as governance, incentive system (rewards for creators, rewards for accepted FIPs), currency within the app (weak use cases as stables are better fit) or for security. Reward system is a valid use case yet there needs to be a demand for it. For example, Brave browser with $BAT managed to reward users with the token but demand for the token is lacking https://x.com/defiignas/status/1795040651156791528
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vrypan |--o--|
@vrypan.eth
Make us rich!!! 🤣 🤣 🤣
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Alberto Ornaghi
@alor
stated pref: bla bla bla revealed pref: they want to speculate on it.
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dylan.neo 🎩
@dylang
DEGEN is the Farcaster token
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