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https://warpcast.com/~/channel/nearchos
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Trigs
@trigs
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
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KMac🍌 ⏩
@kmacb.eth
Well said 🙌 One of the nice properties of the /revnet is that an AMM can (& will) sit between the issuance price (rational ceiling) & the cash out value (floor). That hook has been built but hasn't been deployed yet. Together the industry will figure out what settings drive the 'best' behaviors for the goals of a given project.
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Trigs
@trigs
It makes the most sense to me. It's programmable money, after all. We might as well maximize its programmability!
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