Igor Yuzovitskiy
@igoryuzo.eth
Farcaster is the best, got a ton of inbounds & help from all of you. Many have asked why not do a token? To be honest I think a token right now is midcurve. I believe Griv has the potential to become a successful Farcaster front-end client focused on photo/video content that will rival TikTok/Insta. All will happen in phases. I can promise one thing, I'll build everything in public & share the full founder journey with you. More thoughts on why not token: - token launch creates a new product (diverts attention from the initial product looking for strong PMF) - token creates a ton of stakeholders (mostly people who complain 99% of the time, huge distraction) - doing a token early without sufficient market making / exchange support is a recipe for low MCAP purgatory (go big or go home) - hard to sell token for runway because causes price to drop (since it's usually low MCAP) With all that being said, a token can be a great instrument to get attention, build a huge community, and get some funds to get a product to the next phase. Happy to hear other builders/peoples takes on this.
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Osazzzz
@osazzzz
Tokens are a great way for raising capital, but they come with lots of downsides Personally, I’d lean toward not launching one, especially early on. The pressure and negativity often aren’t worth it when you’re still refining the product and searching for PMF
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