Content pfp
Content
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21 reactions
ravi pfp
ravi
@ravi
$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
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ravi pfp
ravi
@ravi
Also join /microcapdegens
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ravi pfp
ravi
@ravi
to be clear the token should be a meme token primarily. low stakes
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Capitulation pfp
Capitulation
@capitulation
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)
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CodinCowboy 🍖 pfp
CodinCowboy 🍖
@codincowboy
based take
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Jonny Mack pfp
Jonny Mack
@nonlinear.eth
https://warpcast.com/nonlinear.eth/0x1038c348
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Danish A.
@dajmeri.eth
Crypto has always thrived when you find new ways to create tokens + mobilize a community. That previously required a product or protocol, now it just requires a channel. This will be the killer feature (maybe more than frames)
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Jesse Walden pfp
Jesse Walden
@jesse
1000 $DEGEN
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Mike🎩 pfp
Mike🎩
@yekim.eth
1000 $degen
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Mike Z Morrell pfp
Mike Z Morrell
@kulturvultur
600 $DEGEN
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Mike Z Morrell pfp
Mike Z Morrell
@kulturvultur
699 $DEGEN 🥳
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Keef pfp
Keef
@keef
500 $DEGEN
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jimbo.base.eth 🎩 pfp
jimbo.base.eth 🎩
@jimbocity
Great summary. 300 $DEGEN
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Poopman In Farcaster💩 pfp
Poopman In Farcaster💩
@poopman
500 $degen
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lukaschmiell pfp
lukaschmiell
@creator
/degen cookbook
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💙
@dr3a
500 $DEGEN
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💙
@dr3a
$500 DEGEN
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‍‍
@git
Someone has to hand pick active members who provide valuable content. Otherwise this approach is subject to spam and incentivizes numbers over substance. One can create bots that join all new channels and reply $DEGEN 999 every now and then
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Ray Zhu🎩 pfp
Ray Zhu🎩
@rayzhu
yeah that sounds about right. Not as easy to execute the second time though. I wonder who’ll be providing the liquidity for these channel tokens
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mashinhero pfp
mashinhero
@mashinhero
Seems like a recipe for speculative, extrinsic behaviours rather than actual engagement though?
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