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luc
@luc
farconomy.com is live we are working with @woj.eth to visualize all aspects of financial activity born on farcaster today we are launching v1 of our dashboard, this channel and a roadmap please dm me to join the channel and keep submitting requests to make it better and show what's happening in farcaster highlights in the thread below
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luc
@luc
first off, this year trading volume of farcaster went from $0 to $1b in record time fuelled by degen but also notable performance of higher and tybg in march and april
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luc
@luc
these tokens reached a market cap close to $2b in a short few weeks, driven by new mechanisms like degen tipping and moxie rewards, or vibes for higher
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luc
@luc
many started as airdrops to active users, reaching the 10s of millions in USD value at the time of distribution that planted the seeds of an active economy of tipping and payments
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luc
@luc
number 1 lesson I learned from @super: it pays to be an active member farcaster users qualifying for the airdrops have received between $100 and $600 on average every month
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luc
@luc
behind these airdrops are novel mechanisms that incentivise good behavior degen tipping for instance has enabled over $70m of value at time of distribution to be directed to quality users, has determined by the most active farcaster users
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luc
@luc
@moxie is a more recent experiment that rewards users for their engagement from the highest quality users in the network since the beginning of august, over $2m in daily rewards have been distributed to the most engaging content creators
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