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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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Dan Romero
@dwr.eth
How much revenue does Brave make?
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Lance
@lanceaddison.eth
Just thought I would mention that you ask great questions. Questions from someone that truly cares about web3 the ethos and what it can ultimately bring to people lives. Not just doing random stuff that makes no sense like launching a token to raise a ton of money or to just create hype to in a way stay relevant in this space. It’s great and more projects should take a page from your book imo. Not everything should be about tokens or money.
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