Magenta

Farcaster

onchain reputation at karma3labs and @openrank

3/ Channel Wallet and Tokens

Channels get their own wallets. It allows moderators to venture out and explore how to grow and monetize the channel economy. 

Channels also get to launch their own tokens with their own token economics, liquidity distribution model. Mods get a chance to share ownership of a community with the channel members.

How can channel tokens be used?
- Hold channel tokens to become a member
- Channel membership by paying tokens to channel wallet
- Pay channel tokens to pin casts for 24 hours, use Openrank scores as reputation criteria
- Mint premium or limited edition NFTs through channel tokens
- Burning tokens to enable anonymous posts
- Run surveys, contests, predictions using channel tokens