midwits

if the tokens only use case is admission there is no reason for it to be an erc20

it seemingly works against the project to  have a fungible token in such cases

why not just have an nft? 

if i need X tokens to do Y, what’s the point of holding X-1? 

there is none; the excess liquidity just leads to unnecessary downward pressure on the token

yappin in /midwits & creating idle rpg /animarising

yea, also ai agents could really utilise nfts more than e20, they can put a picture on it and metadata too

I think the main reason for erc20s and derives to. Be winning is due to the flywheel effect of the enforceable swap LP fees vs NFT royalties

CEO and Founder of $BLEU

Developing infinite memetics AI Agent @elefant


lebleuelefant.com

agreed

just personally think nft is cleaner and more collectible, something to keep, sentient tamagotchi in my wallet

nfts are great because they’re effectively illiquid in times of low demand which is perfect for gate keeping because no one will sell in times of high demand = low turnover/volatility 

but if it’s an erc20 & demand/attention is not there, the token fizzles indefinitely, likely deterring future buyers