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@juli
What does this tell you about the airdrop?🫠
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Matthew Fox 🌐
@matthewfox
that tips are finally evolving and have a stronger value prop for degen community members than ever Social distribution was an incredible jumping off point but it has to evolve to stay interesting, creating a playground with the right guardrails is a great move being gameable is fine so long as it's equitable - which tips still isn't due to how big whale impact is on distribution
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@juli
I like microsub, Degenpad, Memecaster Tipper but find it a bit sad that they are so dominant and individual (micro)tipping is slowly going away - despite being a killer use case for (crypto native) social networks. The fun of tipping has slowed, a.o.t. the updates from a few months ago improved guardrails but led to very low engagement), the community never made the jump towards tipping their own coins, so, it's likely a normal progression. I gave Mintclub the benefit of the doubt as I saw the good intention behind it (> boostrap a memecoin ecosystem) but it's completely counterproductive to the guardrails and also led to less tipping (no visibility for degen). Hence, it's just a way to get money out of the system. I see no value in it and would stop it. Tipping isn't the reason for big price movements anymore but it would be better to simply stop the distribution at this point with the current design and near 0 value vs some value leakage.
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Matthew Fox 🌐
@matthewfox
Value is going to people locking up their tokens for months, it’s a twist on standard staking rewards with higher velocity I don’t think they should stop the mintclub integration, just that they should add more onchain integrations so that allowances are distributed and maybe more fun then farm Agreed on micro tipping but that’s only sustainable if it comes out of your pocket and not someone else’s
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artlu 🎩
@artlu
I like @juli 's point of visibility for $degen. Or, insufficient amount thereof. The airdrop mechanism is visible to the community, and sends signals in multiple directions. It should encourage builders to build things that provide value to users of $degen
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Matthew Fox 🌐
@matthewfox
I think the value of the visibility is over indexed I think more builders being able to tap right into it onchain in things like mini apps will be much better for visibility than spammy (to the naked eye) replies
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@juli
It served its purpose and I also expected it to translate into integrations. At some point early-on, we did get the builders, integrations, enthusiastic community members trying out new apps. But unfortunately I feel we lost the community activity, ethos & most builders too. (I realized just a little later that they got grants too). Maybe it gets rejuvenated one day. As it stands, it doesn't really matter. We managed to meme Degen into a CEX memecoin and it behaves like one. None of the recent project developments led to price action. The only price action happened due to Coinbase frontrunning, listing, selling and then the same with the Binance listing. Maybe it will do well anyways.
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@juli
Don't wanna drag down the vibes. If you see postitive developments, pls let me know. I'm still a Degen 🙂
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