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the network.

users creating content.
users hosting channels.
users running pods.
users creating frames and mini apps.
users creating clients.

tokenomics are important (see moxie).

so there needs to be incentive to hold while engaging.

How does the value from those things translate to the value of the token?

users paying for premium features or services
advertisers spending to reach the audience
developers/businesses paying for api
partnerships/integrations
investors speculating on future network growth and token appreciation

Right, but where does the inflow of $ value come?

utility: as users create content, host channels, run pods etc...., the token becomes necessary for these actions, increasing demand.

scarcity: if token supply is limited while network activity grows, each token represents a larger share of the network's value.

staking/governance: tokens could be used for staking to secure the network or participate in governance, tying their value to network health.

and speculation.