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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 ↑
@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
@yekim.eth
Very interested!
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xh3b4sd ↑
@xh3b4sd.eth
I am thinking along the lines of a backed, free floating token ala OlympusDAO. Just the number go up part is not (3,3), but the revenue share from the underlying onchain gaming platform. Platform tokens can be acquired by playing the game. The price for getting the tokens at stablecoin backing level is 1 USD. But you only get the tokens for 1 USD if you play the game. Different games can be played. The first design that I want to launch is pay to play and play to earn. The user buys 1 token with 1 USD and plays the game with 1 token. The user wins against another user and gets the tokens of the losing player as reward, minus platform fees. Within the game your skill matters. The game is a fun real-time multi player browser game. No casino. The second way to acquire tokens is via free floating swapping, at market price. The gaming platform does the Protocol Owned Liquidity thing and does two things with onchain profits: deepen its own pool and buying back its own tokens.
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