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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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vrypan |--o--|
@vrypan.eth
I used clanker.world for $lemon3 and imo, it's good enough for a devcoin. I'm not an expert, revnet sounds like it's being built with this use case in mind, so it may have knobs and levers that make it a much better fit. But in any case, people will need to buy "something": a dream, an attractive project plan, the dev's track record, or a product that's already out and they want to use. You can't expect people to spend money just because you want them to do so :-)
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TheThriller 🎩 Adam Miller
@thethriller
Isn't it good, though, to be able to raise money BEFORE you've built something, so that you can then build it?
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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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stellaachenbach
@stellaachenbach
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 :)
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