proxy ⚪️ studio 🎩 on Warpcast

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proxy ⚪️ studio 🎩 pfp

proxy ⚪️ studio 🎩

@proxystudio.eth

Category: Pain Tokens: $DEGEN, $HIGHER, $BUILD, $TN100x Notes: Our tokens are down bad. Tipping tokens across the board have taken serious hits, but pretty much any asset in the Farcaster ecosystem you want to talk about is down, regardless of distribution of supply, between 70-85% from highs. Curious to hear peoples thoughts: What brings a bid?

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Chase Sommer pfp

@chasesommer.eth

My naive thought is that Farcaster will create their own token one day and will eliminate demand for most Farcaster-based tokens. But that's more of a long-term thing opposed to why they're down now. On that, I have no idea ;)

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Whalefund pfp

Need more DAUs on Farcaster. April seemed close to break-through but since then it's just power badge accounts being visible on here which is tampering growth massively imo Social networks won't survive closing themselves off from new entrants this early. Churn of newly created accounts must be high atm.

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Apex777 🦖🎩🍖 pfp

Apex777 🦖🎩🍖

Category Pain 😂😂 Alts, specifically low cap alts are all down bad. My take is bots / farmers continue to sell and no new bids coming in. Yet. 77 $DEGEN

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Kien Nguyen pfp

I actually think a lot of Farcaster tokens went up during the time Farcaster tried to raise funds. After raising $150M, I don’t see the need for Farcaster to pump the tokens within its ecosystem anymore

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ulexam ⚪️ proxy pfp

ulexam ⚪️ proxy

can we go to base chain instead?

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◾️dycp🧾1g pfp

◾️dycp🧾1g

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Ben 🟪 pfp

Its the nature of meme coins. Hopefully people anticipated it? 🤷

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SuperBased ⁶⁹ 🎩☔️🔋 pfp

SuperBased ⁶⁹ 🎩☔️🔋

there is zero upside speculation in this ecosystem currently. oh this token will airdrop me? why would I buy the token when I could farm. oh they are launching an l3? why would I buy the token when liquidity might not be the same + 7-day bridge. we need token sinks and room for positive apeculation. every asset at present moment appears to already have a dilution model outlined. doesn’t make me want to buy any of these.

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kk pfp

We still have quilibrium. @cassie my queen, you’re my only hope.

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guozu🎩⛓️🔵 ⚪️🐹 pfp

guozu🎩⛓️🔵 ⚪️🐹

The privileges created by PB alienate users, and no one is willing to pay for it.

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Walleteer 🎩 pfp

We need a compelling reason(s) to buy more $degen per month than is airdropped. Base/L2 is so efficient that it doesn’t really make sense to hold $degen. Currently, if/when you “need” $degen for a txn, you can just swap ETH for $degen for hardly any fee. Thus, just wait until you need $degen when there’s more on the market. That’s the part that needs to change.

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Lumee pfp

I have no stats to support this because bots. But it feels like Farcaster is just not onboarding enough (real) people. That and every token is down.

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bigmike🎩🔵↑ pfp

bigmike🎩🔵↑

@thepizzacompany.eth

the crazy thing is. I think much lower unfortunately. seems like BTC is about to flush

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Pau 🎩 ⛓️‍💥 pfp

Pau 🎩 ⛓️‍💥

The Farcaster space is still too narrow, cannot create enought buying preassure to keep such TVL for degen. Meanwhile the token is constantly being airdroped with tips, thus inflationary. Decisions on how tokens are distributed are taken by someone who use dune SQL queries and change rules suddenly. Degenchain is still a toychain, centralized and weak. I do believe, for an outsider, this is not a game to step in (yet?). So we must think about how to attract non farcaster people and bring new value. We must create trust by decentralizing both decisions and infrastructure. Degen should evolve and start looking behind farcaster.

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dialethia 🍖🎩 pfp

dialethia 🍖🎩

It's just a matter of time. Get positioned, enjoy summer and don't sweat it. This is where the action will be when the tide flows back in. 🍖x500 500 $DEGEN

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Dwayne 'The Jock' Ronson pfp

Dwayne 'The Jock' Ronson

Me rn https://x.com/dubzyxbt/status/1802874584720703604

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Ese 🐘🌳 pfp

More users that buy more 10k degen for the allowance and the new holding incentives will help but imo we should focus on bringing new quality tippers and content creators alike

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woj pfp

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Mark Fishman pfp

To me it always comes down to why should I buy your token Do I need degen to use an app? Higher to buy some merch? They need to cross the chasm from memecoin to currency

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