Nouns

One Noun, every day, forever.

nouns.wtf

a high conviction nouns thought that i developed during the bitcoin etf led nouns break was that we need a fungible token for nouns 

(i'm aware of nogs but we need something redeemable for actual nouns + has real liquidity; nftx was a thing for a bit but never had liquidity)

i’m still convinced that $nouns (nouns backed fungible token; for example 1 nouns = 1,000,000 $nouns) should happen

if you have thoughts on the matter share them here in replies or dm me!

unless there’s meaningful pushback i’m gonna start pushing for it harder soon

Sounds fun for sure, but it would "technically" always have a capped supply, and would there be any benefit on depositing the Noun to mint? Some kind of yield would be fun... Ok I think I can see it, definitely worth exploring

just a human who sometimes codes · core: regen token + frutero club + ladao · devrel: dabl club

Is it capped? Wouldn’t the hypothetical max be grow by 1,000,000 everyday?

Potentially, yeah. But holders would need to actually deposit their freshly minted Noun... but what would they gain from it?

They would need to keep their voting power, or would it be distributed?

Id imagine depositing then would remove their voting power.(since the initially deposited ones dont have voting anymore)

Depends on what they could do with $noun, I suppose. $noun needs an initial use case proposed along with it to really have some kind of value proposition.