Warpcast

Warpcast is giving out $5 each day to the top 100 casters.  

Rewards are given based on the amount of engagement your casts get divided by the number of active followers you have. 

We'll run this experiment through the end of the year to see if it drives people to create more interesting content for Farcaster.

Why I'm excited for this experiment

1. Daily payout in USDC on @base to your existing wallet

2. Algo normalizes followers (we're going to keep adjusting it), so a much wider pool of people will be eligible

3. You don't have to use Warpcast to be eligible; cast from anywhere

Everyone who's all "herp derp, it's only $5" needs to consider the full context. 

This is an experiment. If it works as intended, who's to say that $5 doesn't increase in the future?

Founder of /success & /insider-trading. Search Marketing Director at Kraken Kratom.

Some of the accounts on that list are literally brand new to Warpcast though. @thecurioushermit is a great example. Pretty sure she's only been here for a short time and she didn't come here knowing any of the people on her follow list. She's earned those follows by contributing thoughtfully. 

(Correct me if I'm wrong @thecurioushermit)

The problem isn't that it's $5, free money is free money, the problem is that 100% of the accounts that have won the reward are followed by some combination of the large OG accounts. Meaning, it's the engagement received from those accounts that is creating the winners, meaning no account that isn't followed by them can ever win the rewards. 

That's the problem I see bro.