Dan Romero
@dwr.eth
The fundamental problem to solve for with personal tokens / creator coins / etc. is the psychological effect of a significant price decline. 1. Most people are not equipped to manage a liquid, global, 24/7 traded asset. 2. Current norms are that if someone buys an asset, they expect the person / team / organization behind that asset are incentivized long-term to make that asset more valuable. 3. When there's a significant price decline, many / most creators will be overwhelmed by the hole they now need to dig themselves out of. Layer on a bunch of angry, pseudonymous people screaming at them on the internet. 4. Additionally, what happens when you want to stop creating? Like Outdoor Boys recently did. Contrast to a publicly traded company where the founder retires—the value still continues to accrue. Possible ways to change this 1. Invent a new asset that's time bound. Closer to a prediction market or an option. "I'm speculating on X during period Y." 2. Change norms / culture -- this is super slow.
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Gregarious
@gregarious
I had a token on Rally way back, this was a fundamental problem. The ideal solution: 1. Tokenizes community participation and is a closed ecosystem 2. Tokenizes speculative use cases 3. Rewards 1 with 2, but not the other way around As a creator, you want to know who's participating and engaging and keep those indicators real and meaningful. In a global user base, not everyone can purchase so this keeps community fair and pure. Community can be rewarded with exclusive items or the other token. Those rewards and opportunities also provide more liquidity options to the community members. Laws in the US at least currently make some of the better use cases of a creator token optimal, but to the extent people want to speculate a separate playground is ideal on more fronts. The stigma of selling is minimized when the token is purely for the "meme", speculation, or whatever financial opportunities are presented.
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Lucas | POAP Studio
@gabo
That is the native use case of /poap POAP! https://collectors.poap.xyz/token/7322798
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