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Been thinking a lot about @zora lately, as a natural analyst, I had deep research explain it to me like I'm 12, here it is:
šØ Whatās a Content Coin?
Letās say you post a funny meme on Zora. That post becomes its own special coin ā kind of like you made your own mini PokĆ©mon card, but digital, and people can trade it.
š° How Many Coins Do You Start With?
You, the creator, get 10 million of your own coins to start. That's like printing 10 million āyou cardsā and putting them in a box.
Butā¦ no one knows how much they're worth yet. So you donāt get any money just by creating them.
šŖ How Do They Get a Price?
When someone likes your meme and wants your coin, they put in a little bit of ETH (crypto money) to buy some. That ETH goes into a bucket, and your coins come out.
Now we know how much your coin is worth! The more ETH people put in, the more valuable your coin gets. 1 reply
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