change my mind: X-to-earn projects are red flags 🚩🚩🚩

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

Learn-to-earn 

Its the "Attach-and-Train" Career Conversion Program subsidised by the Singapore government and partnered with financial institutions

https://www.ibf.org.sg/programmes/Pages/TFIP.aspx https://i.imgur.com/QL2vaPA.png

Important question: why is a project positioned as “X-to-earn” versus earning being a part of their GTM distribution/user acquisition model

It’d be like saying a project is a paid-ads startup

If the person is actually doing something net-beneficial to support the network (e.g. liquidity mining to earn) vs. purely extractive, I think it has a chance to work.

If its walk to earn, then its DOA

I don’t think “red flag” as much as probably a caution flag; requiring for an absolute need to DYOR. We’ve seen that there are some good projects out there with relatively success x-to-earn models. Just need more good actors imho.