Luiz Ramalho pfp
Luiz Ramalho
@luiz
Thinking about token incentives and retention. Token incentives for a product that enables an action that is perfectly fungible after the action is completed (trading, paying) makes sense. A token traded on Uni and Sushi is the same. An NFT traded on Blur and OS is the same. A payment made on Cash App, Venmo or /blackbird is the same. Not the same UX, but same end state of the action. To have long term stickiness ideally the product experience is also superior to the alternatives. But something like Farcaster and X don’t feel fungible. Posting on FC is materially different from X, Instagram, FB, etc. audience, format, algo, vibes, it’s all very unique. Native token incentives without fungibility do seem bad. That’s why I think @dwr.eth is right to not go down this path.
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Dillon 🎩 pfp
Dillon 🎩
@dillc
interesting and I think I vibe with. What do you think about the experiment with Rewards and or generally Fantasy Top and other things?
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Apurv pfp
Apurv
@apurvkaushal
guess the key is to tailor the incentive that appeals to the target group that you want to attract - e.g. if there was a token on FC, it being more dev focussed would be great for the ecosystem. as it would attract devs to build more apps on it.
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CasterBites pfp
CasterBites
@casterbites
Your cast is making waves! It's been curated by @loverajoel and showcased on https://casterbites.com. Keep inspiring the Farcaster community! Remember, any Farcaster user can send and vote for the best casts of the day
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