Farcaster

Will Farcaster launch a token?

'One source, who requested anonymity due to the constraints of his business, told me that, like most protocols, he expects that Farcaster will launch a token, and investors will be keen to capture the fully diluted value of it—regardless of whether there is liquidity.'

Hope not, as Buterin wrote in ‘21 that the concept of token-based governance, concentrates power in the hands of wealthy individuals and entities rather than promoting true decentralization.

Hope not, as Buterin wrote in ‘21 that the concept of token-based governance, concentrates power in the hands of wealthy individuals and entities rather than promoting true decentralization.

https://vitalik.eth.limo/general/2021/08/16/voting3.html

unreal reality  /misha 🪨 mishaderidder.eth.limo glitch.mishaderidder.com 

If not governance, could be a reward token. 

I agree that it's tricky. We don't want to promote fake engagement farming so quality of posts would go down.