Product

founders, don’t add a token component to your product unless you actually have long term plans for it.

I know short term gains are attractive, but the amount of founders who underestimated this aspect and lost sight of what really mattered is impressive.

the phenomenon is such a common pitfall that it deserves its own name

something like “token trap”

Virtually 0% of the smartest founders I met are working on launching memecoins.

They’re working on products with the goal of changing people use the internet.

I say this with full confidence: Memecoins are quickly going to become this outdated narrative only used by the 1% of…

Leon Abboud

related https://x.com/leonabboud_/status/1858408649007219054

love the word token trap 

from whatever limited reading I've done - a token that doesn't improve the product's value significantly is typically not a very good design (e.g. Uni token incentivising LP pools for Uniswap which is core to their existence etc. vs a random memetic governance token)

where would you put BOO
unlonely made 250k+ off it. 
No one was particularly mad, they made a bunch and the token might have utility in the future too