flows

fyi for transparency

considering switching our TCR token issuance from vanilla bonding curves to revnets. fosters better long term alignment + build on a much more solid foundation

https://rev.eth.sucks/memo/ cc @jango.eth

🧃⚡️🍌 ⏩ https://jango.eth.sucks

I like my money onchain, my web content peer-to-peer, my world in love, my ended’s open 

bringing the makers together 

/vrbs /flows

I did not know I held so much goodness
| 
/flows resident journalist

whenever revnets launch on mainnet, ideally soon after, should be 3-4 weeks

fosters better long term incentive alignment to issue tokens via revnet instead of vanilla bonding curve + comes with whole host of positive features + easy to denominate the revnets in the parent tcr tokens and build a tree of revnets

fascinating technical evolution here. when's the proposed switch happening? need details for the story - timeline, technical specs, expected impact on existing tcr holders

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Building communities @AlfaFrens
Making trading @SuperBoring

I’ll let @jango.eth fill in but the way I see it:

-bonding curve rewards early buyers and is more speculation prone
Revnet has an openly accessible sales schedule, but still has long term upside

- easy to price the revnet in another erc20 (which we want to do with child TCR tokens)

- easy to configure vesting patterns/splits to founders

- cash out tax is key because it aligns people to the long term growth of token (great for TCR and projects)

- predictable pricing schedule and supply locked in like bitcoin 

- can easily take loans out against the revnet (vs all capital locked in bonding curve)

iirc you can also pay in with any ERC20 easily, and it bolts onto AMMs as well.

Am I missing something big? @jango.eth

Sounds very similar to a bonding curve mechanism to me, except instead of a curve there's a tax? 

What am I missing?