Degen

$DEGEN has laid out the economics of Farcaster channels

Create a channel, build a community, launch a token, reward those who were early 

Use token as a karma system for being active

Use token as a channel currency for rewarding contributors and content

building /hype 
walking /10k
ycs22 
uchicago baseball ‘19

How would that sustain in the long run though?
You can be actively engaged in ~5 communities but the incentives are placed for people to spin up and jump to new channels to print/farm tokens. There will be few successful examples, everything else will be a spike and slow bleed to zero (both engagement and token price)

network effects/switching costs + i think if the channel is fun you'd be fine

Maybe I am underestimating how much of this is organic vs engagment/drop farming, or maybe you are overestimating it. Undoubtedly there will be $$$ made. Hope it sticks around longer than FriendTech 🤞