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Noah Bragg πŸ”₯ pfp
Noah Bragg πŸ”₯
@nbragg
A token can be a great way to bootstrap a project especially if you've set up incentives to align with users! It's been a month since launching /stokefire and we've generated $48k in rewards for players and I've made $48k in revenue all from fees. Best part is these rewards are in ETH and not in our unstable but growing token. It's setup so I make money when players make money and vice versa. What a lot of teams get wrong is their pay day only comes when they sell the token which is in direct conflict with what's good for holders. Whereas for me, I'm incentivized to make a good game and the payout is made slowly overtime only if I fulfill that promise. πŸ”₯
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Chinmay πŸ•ΉοΈπŸΏ pfp
Chinmay πŸ•ΉοΈπŸΏ
@chinmay.eth
how your rewards and fees are exactly the same? Shouldn't fees be 2% of the rewards?
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Noah Bragg πŸ”₯ pfp
Noah Bragg πŸ”₯
@nbragg
there is a 2% fee on buys and sells that goes to rewards and there is a 2% fee that goes to the dev. so split evenly.
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Chinmay πŸ•ΉοΈπŸΏ pfp
Chinmay πŸ•ΉοΈπŸΏ
@chinmay.eth
ahhh .. makes sense. This is all buy and sell taxes right? Or is there anything else?
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