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alex
@proxystudio.eth
Category: Pain Tokens: $DEGEN, $HIGHER, $BUILD, $TN100x Notes: Our tokens are down bad. Tipping tokens across the board have taken serious hits, but pretty much any asset in the Farcaster ecosystem you want to talk about is down, regardless of distribution of supply, between 70-85% from highs. Curious to hear peoples thoughts: What brings a bid?
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Whalefund
@whalefund
Need more DAUs on Farcaster. April seemed close to break-through but since then it's just power badge accounts being visible on here which is tampering growth massively imo Social networks won't survive closing themselves off from new entrants this early. Churn of newly created accounts must be high atm.
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alex
@proxystudio.eth
So bid comes only if network grows?
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Whalefund
@whalefund
Yepp, that's my guess. If you overlay the DEGEN and FC DAU charts, they were both moving in unison until April. That's also how I joined. Felt like missing out on lots of alpha by just being on CT.
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Whalefund
@whalefund
Ironically, influx of users who are mostly financially incentivized leads to lower quality content though. So now it's a battle of bots/engagement farmers who are trying to extract value vs. builders and loyal community members who are trying to create value
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alex
@proxystudio.eth
thats how I joined as well, and I posted that overlay a long time back. so if network growth takes a year, what happens to the FC token communitites?
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