Degen

$DEGEN has laid out the economics of Farcaster channels

Create a channel, build a community, launch a token, reward those who were early 

Use token as a karma system for being active

Use token as a channel currency for rewarding contributors and content

building /hype 
walking /10k
ycs22 
uchicago baseball ‘19

Someone has to hand pick active members who provide valuable content. Otherwise this approach is subject to spam and incentivizes numbers over substance. One can create bots that join all new channels and reply $DEGEN 999 every now and then