What’s Farstore, what’s Tipn, and how do tokens fit in?

Farstore is a Farcaster App Store. Any mini app can be submitted to Farstore. This week, we will begin rolling out our appcoin protocol so that Farcaster apps can self-fund via app-specific tokens: appcoins. Our protocol token, $launcher, accrues appcoin trading fees and uses those fees to perform token buybacks.

Tipn is our like-to-tip micropayments app. As a bootstrapped Farcaster product, we are dogfooding our protocol with the $tipn appcoin launch. We'll be in the arena, learning, iterating and ultimately paving a path for other founders to use the protocol to fund their apps. 

Expect updates on both from us simultaneously.

Gm!

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!

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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

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

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great, let me know what I need to do to get listed!

You already are! Lets get you listed in farstore.

The tokenomics described in the docs only apply to tokens launched on the protocol though

I have an app coin, can we be involved? $GIG

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.

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

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..

$tipn will launch on the $launcher protocol

What is the similarity or connection between tipn and launcher?

Kompreni has solid math behind this project 
Read the "white paper" 
Its easy to understand and it'll give you insight into the vision

this looks cool! 100k processed on tipn tips is wild

How do you anticipate 5% effecting volume? Obviously this won't mean 5X more revenue than launching with 1%. Just wondering if you had some estimates here, and what those would be based on?

love the idea of app store and appcoin, pls make $launcher great!!!!