@nickjrishwain
š„ One-Time Token Burn
- If you go with a one time token burn, leave the option for later token burns. I'd recommend acting on the lower end of the numbers because it gives flexibility in the future.
- It also leaves room for community engagement burns similar to what the Bonk team is doing right now.
- Gamify the burns. Set burns based on number of holders. Burn based on hashtag or other interaction.
š Ending Liquidity Incentives
- Liquidity incentives are fun early, but they don't incentivize people to stick around.
- With SushiDAO we learned incentives do not help acquire long term users. There's no brand loyalty from farmers.
- Remove incentives and we have to start working to build an actual business rather than subsidized users. Similar to when the VC money dries up in any other startup.
šø Starting Token Buybacks
- It sounds like a good idea, but buying back may not be a good use of funds if you're already burning.
- Burn and buyback to burn feels like you're making more work for yourself.
My two cents as a community member, hodler, liquidity provider and $degen lover.
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