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Ignas | DeFi pfp
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 pfp
Dan Romero
@dwr.eth
What would the token do?
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Garrett  pfp
Garrett
@garrett
not anytime soon imo
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tomu pfp
tomu
@tomu.eth
i see it more as “farcaster is a place where tokens and new cultures are born” the place to have your token, but not their own token
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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
I wonder what's the purpose. Optimism (Op) and Base (USDC) cover the majority of possible use cases on the protocol level. Degen and thousands of culture/social/channel tokens launching every day cover "financial incentive" part too. kind of this: https://warpcast.com/dwr.eth/0x4435c618
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Kincade.eth 🎩 pfp
Kincade.eth 🎩
@kin
I would have said no before the 150mil raise. Don’t think they got that much because of the potential of warp sales
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Vova 🎩 pfp
Vova 🎩
@vova
If there was market “Will Farcaster launch a token by 2030? I would buy YES
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misha  🪨 pfp
misha 🪨
@mishaderidder.eth
Hope not, as Buterin wrote in ‘21 that the concept of token-based governance, concentrates power in the hands of wealthy individuals and entities rather than promoting true decentralization. https://vitalik.eth.limo/general/2021/08/16/voting3.html
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wahoo.eth 🎩✨ pfp
wahoo.eth 🎩✨
@wahoo
Seems unlikely and unnecessary to me, similar to why base doesn't need it's own token.
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Ivy pfp
Ivy
@ivy
lmao so someone who doesn't work at merkle is a 'source'?
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Evan (POAP Guy @ Farcon) 🧾 pfp
Evan (POAP Guy @ Farcon) 🧾
@evangreenberg
We already have 200 $degen
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mikedrop pfp
mikedrop
@mikedrop
Hope so!
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Jvalf11 pfp
Jvalf11
@jvalf11
1 billion and adding every single day
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espaneccrypto.eth🎩🔵 pfp
espaneccrypto.eth🎩🔵
@espaneccrypto.eth
I think that the launch of the token should happen, Farkaster has a lot of competitors, so I think the token is needed to attract the community 1 $degen
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Tommy000 pfp
Tommy000
@tommyb00
Airdrop hunters soon will move van L2 farming to SocialFi farming. The 150m raise recently suggest the token could be relatively close. In the past we have seen crypto projects raise massive amounts and soon after a token was launched
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