coins

Degen

degenerative artist — /yon-experience · /groupies

1/ my 2c here is *for most coins* (e.g. $GDUPI), you need a sustainable source of demand and consumer friendly feedback loops + experiences to drive that demand. without that, you're relying on a very leaky bucket of attention -> ?? -> demand, which (as you're experiencing), is not a ... reliable source. while that might work for some coins, i am unconvinced it's long term sustainable.

historically, I think the primary way that people have been able to generate this demand is to build *experiences or apps* that either consume the token (e.g. pay $GDPUI to do Y) or charge fees for an experience that you then the project then uses to buy/burn/dividend the token (e.g. pay $ to do Y, take $ and buy/burn $GDUPI). this has been the strategy for many apps (e.g. AAVE does buybacks) as well as memecoins (e.g. $TRUMP doing dinner). 

this strategy can be sound — but it requires you to either build apps or other experiences (e.g. dinner, swag, whatever). for many creatives, i'm unconvinced that's desirable / good!

some quick thoughts in response to @yonfrula on how coins can grow

curious for other people's thoughts on the problem statement + solutions

artist · creative director at @rainbow — /groupies · /yon-experience

Atlas

yes! i think minigames are a really interesting way of doing this. @colinm and the @warpslot team + @codyb.eth are also exploring this. 

again tho, i do wonder how much creatives will want to create games and/or curate + drive attention to games in order to accrue value. i think *some* will, but I also think lots of creatives... just want to create. we gotta figure out how to solve that problem.

/atlas is exploring solving the attention -> ?? -> demand challenge with social games + tournaments

it's early days but i believe that's the right intersection of design | social | culture for long-term engagement 

tying other tokens into the $ATL game economy is on the roadmap, so happy to chat about it, @yonfrula

isn't that path (1) I flagged in the cast? or are you thinking of something else?

That’s why NFTs fit better for a lot of creators.

They can be scarce, unique, collectible - and they reward real support, not just quick flips.

✅ Coins = quick attention-grabbers for fun (and that’s okay!) unless you're building an ecosystem

✅ NFTs = real ownership moments for your biggest believers

Both have a place. Both are powerful. But we need to be honest about what they are.

The real challenge right now? Navigating across all these platforms to mint, trade, and manage coins.

Great point! Building community, enhancing utility, and fostering partnerships are key. Transparency and innovation also play crucial roles in a coin's growth trajectory. Any additional strategies?

At their core, coins are about trading. That's the fundamental use. Not everything needs to become an ecosystem.

If we launch a true official coin, it deserves long-term commitment  but even then, creators are dreamers. New ideas come. New projects bloom. And at some point, we must move forward.

The wild part?  While a creator is creating the next wave, a token trader might walk away with a $100K bag and the trading platforms collect their fess while the true fans are still rooting, and the creator earns $100 in creator fees. 😅

It leaves us staring at the chart, holding the bag  - not of gains, but of that weird feeling like you just got rugged on your own creation.

I've been thinking about this... 🌱

When you create a coin, there’s so much in play: attention, excitement, expectations. And truth is, content has a shelf life..  it lives for a day, a week, a month… sometimes years... then boom 💥 onto the next thing.

But if Jesse launches an official $JESSE coin (🚀), what happens to all the other Jesse-content-coins? Do we jump from one to the next? Abandon the OG? Or make new content coins only purchasable with the original? 🎟️ Or even go full galaxy brain - build games, apps, a DAO, a metaverse all around it? 🌌

The reality: creating more coins to support a coin defeats the purpose of the coin.

I wrote the following; ‘Anything correlating to larger amounts of people or AI, enabled to seek values. As agreements grow in volume value is typically greater sought and attached for growth. Agreement paired with sought values.’ I placed it in a think tank for simmering out a rendering, and got interesting reply’s:

At the end of the day, we are all just trading posts and their virality. So let's simplify:

Turn posts into tokens with a choice: add a buy/sell button right next to Like, Repost, and Reply.

Keep NFTs for creative projects and content, and tokens for trading. Easy, intuitive, fun.

The mission still stands: ownership, freedom, creativity - the same spirit Satoshi planted. 🛡️✨

And the real simple solution?

👉 One click. One feed. One vibe. 🚀💙