Sharing an update on Season 1 of the @tipn Allocations Program to clear up confusion - the purpose of the program, how it works, and what's coming next.

Program purpose: The Allocations Program demonstrates how token incentives can drive community growth - specifically growing active tippers and token holders. 

The results have been strong: 464 new tippers, 834 new holders, $6,717 in USDC tipping volume, and $6,521 in trading fees. 

We're on track for this to be a profitable growth program. 

This will help Tipn market its allocations product to other projects seeking to grow their communities, leading to more allocations + rewards for all Tipn community members.

Some clarity on what's up with this weeks Tipn allocations:

Tipn allocations aren't intended for *most* Tipn users. Some power-users get them, and even some non-users (!) get them. Our data partner @quotient is helping us grow Tipn on Farcaster by identifying key users and non-users alike to give allocations to.

We actually tried to be *more* inclusive this week. What that meant is that some people got lower allocations – which folks were rightfully confused about. We're sorry for the confusion.

We also want to be clear: *the* path for Tipn users to earn $TIPN, long term, is by using Tipn. Every day you do, you earn $TIPN in the Earn tab of the app. Which you can then stake to earn $USDC.

Allocations are a growth tool. All $TIPN holders win when more people use Tipn. In future seasons, Tipn will power allocations for other projects/tokens too (DM's open!). Check out the cast from @quotient for more details on how we're looking at allocations and performance:

Power tools for community builders on Farcaster.

https://quotient.social

Onchain startups. Farcaster app store (@farstore) and tips (@tipn)

Thanks Kompreni.  This helps straighten things out.  I do appreciate the staking mechanism in the tipn miniapp and the growth tool (allocs).

Did you know you were going to do this when you were laid up in the hospital? 🏥 Just loving the parallels to @rebase - this is such a thoughtful series of iterations to get to the finished polished product.  Thanks for building something really special.
500 $TIPN