Tobitoxyz
@tobitoxyz
why base is a good ecosystem and how they manage to have a new standard of token economics. Let's study Warpacast token & ecosystem design
2 replies
0 recast
1 reaction
Tobitoxyz
@tobitoxyz
The app allows users to participate in a passive airdrop with onchain and in app tasks. Users need to have at least 10k Degen token to be eligible to airdrop (that creates a buying pressure and no selling pressure : token gated model-->passive staking).
1 reply
0 recast
0 reaction
Tobitoxyz
@tobitoxyz
Every time a user tip another one they get point (buying pressure) or do token mining (being lp on dex, buying pressure and no selling pressure)
1 reply
0 recast
0 reaction
Tobitoxyz
@tobitoxyz
The best movie of Warpcast and the token degen is to create their L3 degen on base, basically user bridge their degen from base to degen L3 (buying pressure) once in the L3 they can have a playground to experiment new degen narrative as meme token, NFT memes ...
1 reply
0 recast
0 reaction
Tobitoxyz
@tobitoxyz
but they can't bridge their degen to sell it back on base only after 7 days( delayed selling pressure and basically it is a passive vesting of 7 days).
1 reply
0 recast
0 reaction
Tobitoxyz
@tobitoxyz
IMO 7 days is the average time to have a new wave of users since crypto casinos ismore active on weekends and we can see less volume on weekdays.
1 reply
0 recast
0 reaction
Tobitoxyz
@tobitoxyz
This passive staking and vesting create the perfect combination of a high buying pressure and low selling with a well executed UX : no one wants to go to stake tokens to have 1% yield and no protocol wants to have a token with 30% volatility.
1 reply
0 recast
0 reaction
Tobitoxyz
@tobitoxyz
So this combination is perfect for the current token velocity of the meme cycle (the meme brings actual money to l2 and protocols because of the gas fees) and token stability to not scare newcomers or whales to enter the ecosystem with a less risk model compared to solana casino.
0 reply
0 recast
0 reaction
