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df
@df
will airdropped $degen be locked in some way? how could the design prevent immediate sell offs that could kill all memecoin price momentum (needed for growth)? cc @jacek
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VP of q/dau
@vp
What's the best lock mechanism in $degen's case? Some sort of vesting (get #degen every day or every week), incentivized staking (giving boost for Season 2) or something else?
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JR ↑
@juli
Locking for locking purpose has 0 value (at most short pump) Vesting is good to incentivize long-mindedness in team & early backer (memecoin?) Ongoing incentives for $Degen-things maybe valuable but often gameable.. I prefer rewarding quality contributions (incl. hodl) through bounties, future airdrops/retrogrants.
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Jacek.degen.eth 🎩
@jacek
I'm going to lock the liquidity pool token to prevent rug pull risks. I'll also likely add vesting to a part of the tokens for running the project in the future. Besides that, my focus is on future airdrops and enhancing the token's value. I'll share the exact tokenomics soon.
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Tejjinxy 🎩
@tejjinxy
Looking forward to reading the $degen tokenomics and what is the plan to create value for the token. Hope it won't turn out to be another pump and dump.
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VP of q/dau
@vp
What's the best way to prevent a pump and dump in your experience?
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Tejjinxy 🎩
@tejjinxy
Not an expert but tokens which do well usually have the right narrative, stands for good cause, good liquidity from the start, holders care about it and future incentives/benefits. I think Farcaster community can only grow from here and $degen should represent and promote Farcaster in some egalitarian way.
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