@cb91waverider
Been thinking about all coin/utility token. It’s all about using the tokens. In the case of @neynartodes this is either to vote, to enter contests, to gain free entries, to secure more points on the leaderboard. All are really not so dependent on market cap. Liquidity will be important to support the moving of tokens. If the token was a store of value MC would matter more I think. Distribution and user base is a much better metric of the all being successful and volume actually drives the eco system.
Holding tokens is for sure a sign of support and belief that the project is going to continue to grow but does not support the eco system in any meaningful way. Thinking about more mechanics to drive volume is the only way to ensure the app can sustain and gain traction.
MC will naturally follow with greater distribution.
FEED THE NEYNARTODES
0 reply
2 recasts
7 reactions