@itsbasil
tipping is foundational to farcaster & social economies overall
engagement = attention + tangible value exchange
attention = community formation + token distribution
tipping initiates token distribution → aligns financial incentives → boosts quality content → grows communities → amplifies attention → expands distribution
today: most projects have native token engagement, broadly distributing their token across the network
simplified: tip (signal) → "free money" → attention → price, project & community discovery → increased desire for token → token-based contributions → tip (signal)
next: staking → locks token distribution, stabilizes economic value, rewards long-term community contributors
2 replies
2 recasts
20 reactions