Taiane
@sxe
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40 Followers
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Thinking about token incentives and retention.
Token incentives for a product that enables an action that is perfectly fungible after the action is completed (trading, paying) makes sense.
A token traded on Uni and Sushi is the same.
An NFT traded on Blur and OS is the same. A payment made on Cash App, Venmo or /blackbird is the same.
Not the same UX, but same end state of the action.
To have long term stickiness ideally the product experience is also superior to the alternatives.
But something like Farcaster and X don’t feel fungible. Posting on FC is materially different from X, Instagram, FB, etc.
audience, format, algo, vibes, it’s all very unique.
Native token incentives without fungibility do seem bad. That’s why I think @dwr.eth is right to not go down this path. 3 replies
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