Farcaster

cryptosapiens

The first ever channel token powered by @openrank was just launched!

/cryptosapiens launched $CABAL (0x0b56fcfC1c1e9Dcc1Db8e61C65283070F02c76C6) as a novel way to reward meaningful engagement on Farcaster.

Earn tokens by participating actively—cast your insights, share your onchain creations, and engage with the community through likes, recasts, and thoughtful comments. Your contributions fuel a vibrant creator economy, and this token is our way of giving back.

1 billion tokens were created. 50% were locked into LP; the other 50% was allocated as rewards for active channel participants over 3 years.

5% of that allocation was airdropped just moments ago. Allocation was calculated using OpenRank and issued based on activity over the past 60 days.

25 Million CABAL were sent to 245 channel members. You can claim using the frame below.

For more info check OpenRank docs, and Dexscreener linked in the comments below.

https://cura.openrank.com/frames/cryptosapiens/leaderboard

/cryptosapiens just started a great experiment for channels ($CABAL)
- launched a channel leaderboard (v2 frame) that ranks users based on quality engagement
- created a smart wallet for the channel/community
- launched a channel token using the channel wallet
- airdropped early contributors of cryptosapiens channel tokens

exciting to see some more things play out:
- recurring revenue for channel from channel token liquidity pool fees
- using channel tokens for membership, curation and incentives to make /cryptosapiens a sustainable and aligned community
- allow other token communities to reward top ranked users of /cryptosapiens

onchain reputation at karma3labs and @openrank

infosec and web3 engineer ℹ️⛓️ founder @metavate 🚀🌠 building @rafflecast 🎟️💫 bs radar highly tuned 📡🙅🏻‍♂️

great to see you yesterday :) let's make the meetup on the other side of the bridge happen soon

Love seeing this unfold. Was great to hang for a bit in person the other night too!