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Content
@
https://warpcast.com/~/channel/skininthegame
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Nick Tomaino🎩 pfp
Nick Tomaino🎩
@nick
Why do apps drop points rather than an onchain token? Feels mid to me. Just drop the token and give people skin in the game for real asap
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Coop pfp
Coop
@coopahtroopa.eth
Bullish onchain points for this exact reason. Onchain points are skin in the game early on before the product has matured to a level where full skin in the game (through an L2 ERC-20) makes sense. Different from off-chain points because you can redeem the onchain points for USDC
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emre pfp
emre
@emre
We implemented this using soulbound tokens for https://parabol.fi (high yield fiat backed stablecoin protocol) soulbound tokens are onchain points to reserve liquidity and access to higher yields
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Juliette pfp
Juliette
@julietteblake
Agree!!! Can’t wait to do this w Moxies
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Garrett pfp
Garrett
@garrett
Points allow for more optionality and every lawyer will tell you not to drop a token With that said, tokens over points all day every day
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Sean Wince 🎩 pfp
Sean Wince 🎩
@seanwince
1. Fear of regulatory crackdown 2. Easy to adjust "pointinomics" on the fly whereas onchain tokenomics are rather set in stone after token launch
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Simon pfp
Simon
@simongoldberg
Completely agree but seems to have been the GTM strategy for most the last few months. I think the meta here worked for a bit and was a huge boost in awareness for early points but getting tired of it. Understand regulatory concern aspects but come on, skin in the game baby
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Taye 🎩 pfp
Taye 🎩
@casedup
Why do you think they opt for points rather than a on-chain token?
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Taye 🎩 pfp
Taye 🎩
@casedup
Not a fan of points at all. Give me skin baby!
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petar.xyz pfp
petar.xyz
@petar
Preach it
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Johanna 🎩 pfp
Johanna 🎩
@johanna
as a former mobile dev, I can say its 100% because your app wont get approved by apple/google store if you use crypto. See the last clause which applies to rewards system in apps using crypto (source: https://developer.apple.com/app-store/review/guidelines/#in-app-purchase)
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gidwell (暇人/acc) pfp
gidwell (暇人/acc)
@gidwell
you should only get tokens if you have skin in the game
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Spaceman Spiff 🎩🍖 pfp
Spaceman Spiff 🎩🍖
@spaceman-spiff
Points give more flexibility. Once you give the tokens they are gone, when you give points you still have the ability to make changes and adjust the system.
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Eric P. Rhodes pfp
Eric P. Rhodes
@epr
b/c tokens + the SEC is a tricky situation.
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King pfp
King
@king
Because this dude is on the lookout for enemies of the state under your floor boards.
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Chris pfp
Chris
@piffie
You can leverage the conversion rate - incentivize the community that they get a good rate if goals are achieved - we did that and actually launched 2 tokens on-chain. Works like a charm
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Absinthe Labs pfp
Absinthe Labs
@absinthe
We view points as a derivative to a token allowing for better alignment for the life time value of the app. Points empower smarter incentives
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Suffuze
@suffuze.eth
They scared.
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Kipit pfp
Kipit
@kipit
- points are a proxy for having skin in the game - as a founder, they give you more flexibility shipped your product and think about tokenomic later - points enhance user engagement. if FT had initially dropped a token, users would have dumped it in the meltdown; the current excitement indicates a likely re-engagement.
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parseb pfp
parseb
@parseb.eth
pussies.
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