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Mike🎩 pfp
Mike🎩
@yekim.eth
Thinking out loud: Instead of apps launching a token, why not launch stablecoins unique to their ecosystem? Positives? Negatives?
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xh3b4sd ↑ pfp
xh3b4sd ↑
@xh3b4sd.eth
The design space for this is pretty big and absolutely underexplored, which has mainly something to do with the lack of associated successful businesses utilizing alternative token models. Either way is totally fine. This all depends on context and the tradeoffs you are willing to make. Using stablecoins with a value accrual mechanism in terms of revenue share might work as well as a free floating token version that shares the same revenue. The issue is usually not in the token design, but in the token distribution. Because more often than not you have privileged allocations that dump on retail. And no mechanism design protects you from those kinds of ugly price charts. If you are interested, I can share a more concrete idea about a token model that I want to implement for an onchain game that I am working on. This would be right on topic.
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Mike🎩 pfp
Mike🎩
@yekim.eth
Very interested!
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