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Ignas | DeFi
@ignas
Will Farcaster launch a token? 'One source, who requested anonymity due to the constraints of his business, told me that, like most protocols, he expects that Farcaster will launch a token, and investors will be keen to capture the fully diluted value of it—regardless of whether there is liquidity.'
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kugusha 🦋
@kugusha.eth
I wonder what's the purpose. Optimism (Op) and Base (USDC) cover the majority of possible use cases on the protocol level. Degen and thousands of culture/social/channel tokens launching every day cover "financial incentive" part too. kind of this: https://warpcast.com/dwr.eth/0x4435c618
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Ignas | DeFi
@ignas
There are many decisions to make on Farcaster. So even as a referendum/governance token, it could be useful.
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kugusha 🦋
@kugusha.eth
@dwr.eth are there any plans to move towards further decentralization of the protocol and implement any governance structures on the long-term?
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Dan Romero
@dwr.eth
What problem does that solve?
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kugusha 🦋
@kugusha.eth
none, this was a response to the previous cast https://warpcast.com/kugusha.eth/0xa2ecc001
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Dan Romero
@dwr.eth
Ah got it. 👍
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