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Colin
@colin
Interesting to think about why projects like @drakula launch on a pre-existing but relatively new token like $DEGEN, versus rolling their own token or just launching using straight ETH $DEGEN: - ride the wave / traction / visibility - attract degen crowd Own token: - complexity w/ tokenomics - harder to bootstrap ??
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William Mougayar
@wmougayar
Yup. Analogy is L2s with their own tokens vs. without. If Base did it without a new token, it begs the question if a native token was really needed and its actual network utility. Btw I thought Blood is their points system.
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