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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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chinmay.eth
@chinmay.eth
Worth experimenting but the revenue is not going to be substantial... for now. Why not just charge 20%-30% fees in airdrops, paid in USDC? Airdrop = marketing budget. It's the same as ad revenue.
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Dan Romero
@dwr.eth
Airdrops already go 100% to users
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chinmay.eth
@chinmay.eth
Of course. I'm suggesting to charge +30% to the projects. Call it the "distribution fees" to use * distribution and analytics tools * notification service * Etc... If I was a new project planning to spend $100 in airdrops, I don't mind paying $30 distribution fees.
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lizzietg.base.eth 🐱
@lizzietg
makes me love Farcaster even more
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