$DEGEN has laid out the economics of Farcaster channels

Create a channel, build a community, launch a token, reward those who were early 

Use token as a karma system for being active

Use token as a channel currency for rewarding contributors and content

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

I don’t think it’s particularly insightful because it’s not particularly repeatable.

$DEGEN worked because it captured a lot of the FC mindshare. People actually contributed and proliferated the community until it reached “escape velocity”.

I don’t think that’s possible for every channel.

Startup artist seeking inspiration.  Champion of /bcard

Anything that attracts attention will have a token. Not every channels, but eventually certain channels.

🛠️ building 0xarc.io 📝 writing at kermankohli.substack.com. 🧠 thinking about data, analytics and growth 📊

chief intern @uncutsapp & uncutsxyz.twitter

It could be extended. And anything in this case will be rugged