Nearchos

I'm starting to see how an indy dev could use a personal memecoin.

The idea is you use your memcoin in everything you build, as a payment method or as a gate or in some other way. For someone who expects you to build useful things in the future, it makes sense to hold some.

Not a new idea, KOLs and celebrities have been promising this type of utility forever. But in case of developers, it's much easier to deliver, and of course you don't have the hype surrounding celebrities that makes it a total casino.

Dad, geek, conversation liquidity provider. vrypan.net (home), @l--o--l (fun). $lemon3

I’m thinking about a revnet for this. Can dial up or down the loyalty knob & borrow off the treasury.

I'm still working on getting revnet-pilled, but in general I agree that devs having utility/loyalty coins that can develop secondary markets over time is healthy! 

The problem is trying to skip straight to amm liquidity pools and generate trading volume before the dev has actually produced any meaningful progress on something the token can be used for. This just fragments the limited market that is willing to invest at this stage.

If the only way to get a token is to buy it straight from the dev, and the only thing to do with it is use it on the dev's products, then there's a circular economy being developed. 

Once the dev's products start getting traction, now ppl can start speculating on the potential demand it could create and now there's a viable secondary market that can be non-extractive from the work the dev is actually doing.

I'm still working on getting revnet-pilled, but in general I agree that devs having utility/loyalty coins that can develop secondary markets over time is healthy! 

The problem is trying to skip straight to amm liquidity pools and generate trading volume before the dev has actually produced any meaningful progress on something the token can be used for. This just fragments the limited market that is willing to invest at this stage.

If the only way to get a token is to buy it straight from the dev, and the only thing to do with it is use it on the dev's products, then there's a circular economy being developed. 

Once the dev's products start getting traction, now ppl can start speculating on the potential demand it could create and now there's a viable secondary market that can be non-extractive from the work the dev is actually doing.

https://warpcast.com/kmacb.eth/0x7b934fa3

P00LS

I launched my /p00ls token last year and have benefitted from it as a social credibility token. I think especially for personal use strategies it is more beneficial to see it from an incentive point of view and not investment. My two cents :)