brypto

"Governance" and "utility" aren't real token categories. What matters is their built in and inalienable (inherent) properties. You can't pray your token into being seen as a "store of value".

But you *can* create a decentralized network-marketplace with an integrated token that can be issued for incentives + capture fees for programmatic buybacks. This is a network token.

are there any success stories of creating a token first and then building a protocol around it? or is it just one of those crypto fantasies

protocol eng @ recallnet.twitter, interested in verifiable computing, mod /zk; avichalp.me

That’s most tokens developed only to be initially sold. Sale first, product second. We aimed to build something where the token is needed and profiting from fees alone and not from token sales.