brypto

"Governance" and "utility" aren't real token categories. What matters is their built in and inalienable (inherent) properties. You can't pray your token into being seen as a "store of value".

But you *can* create a decentralized network-marketplace with an integrated token that can be issued for incentives + capture fees for programmatic buybacks. This is a network token.

are there any success stories of creating a token first and then building a protocol around it? or is it just one of those crypto fantasies

protocol eng @ recallnet.twitter, interested in verifiable computing, mod /zk; avichalp.me

ETH, right? I don’t think the token needs to launch first, though. Either order can work but I believe token a bit later is ideal if possible.

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster

ATOM is another notable example

I think those days are over though

friendly neighborhood shitcaster // working on @pinetree

That's been its biggest problem

I think they've tried shared security, but don't think it has meaningfully impacted its price / utility

what is ATOM used for? since cosmos chains have their own coins