kompreni 🚂
@kompreni
It's Appcoin summer, and we're kicking it off a reveal of the protocol we've been developing. The full protocol will be live on @farstore this month, with @tipn kicking off as the first appcoin later next week! https://paragraph.com/@kompreni/appcoins
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@juli
I like the post but I‘m not a fan of heavy buy & sales taxes. Always feel the Token is the main product, Investor-traders are farmed and excessive trading fees are a barrier. That said, tokens are def part of the product & there‘s high volatility events like the Launch that can be used to „farm“ trader-investors and prolong the runway to Build an actual app with revenues that can be used for paying a team, stakeholders, growth..
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kompreni 🚂
@kompreni
Tokens to date havent obviated the need for external funding. If they did, they would unblock so many teams looking to push further. Its friction for sure, but toward an end worth championing imo
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@juli
I just hope you don’t build too much friction when (usage, stakeholder) adoption is the one thing crypto projects need most: 1. Funding is important to build something of value. 2. Revenues are a great if not the best funding mechanism traditionally, in Web2. 3. Most crypto projects (aside hyped trading venues, core defi primitives) have a hard time getting revenues as onchain usage is still early-stage. I do believe you should go for revenues (to reuse for growth etc) but also to think of value accrual for stakeholders versus pure value capture 4. Teams owning a token, selling 10% of their 10% at 1m, 10m mcaps or OTC to venture/community investors to have enough funding might work out better than a 5% sell tax on every trader.
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kompreni 🚂
@kompreni
Re 2: yes, but in web3, trading fees have displaced other mechanisms like nft sales, etc Re 4: if it worked at scale, i think we would have seen _more_ teams doing this by now.
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@juli
Re 2: many things are possible but we indeed always see very dominant, replicated strategies for a period of time. A mix would probably be better for many. Re 4: Requires serious teams with planned out strategy & appetite for “fair public market launches. hence the good ones mostly go directly to VCs with much less headache and personal financial risk (Just adding this additional reply here too to not lose it in the thread) https://farcaster.xyz/juli/0xbf6aadfe
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