androidsixteen
@androidsixteen.eth
The mythical user that only wants airdrops to use as in-app utility tokens doesn’t exist Tokens are exciting bc you can trade them. Traders being punished / excluded from future airdrops for selling is a weird dynamic @jake has had the best messaging here. He constantly tells $QR holders to sell and risk off if they want to
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Mikado
@mikadoe.eth
The non-mythical user that that only wants airdrops to sell are plentiful though. So if a developer airdrops to one million+ FIDs 99% will sell immediately destroying the chart. What's the solution?
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androidsixteen
@androidsixteen.eth
Build a real product that doesn't require finding bagholders?
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Mikado
@mikadoe.eth
Well $bracky and $dev were the two best ones for me. I didn't sell them I used them to test the developers product and then bought more of both because I was interested. I only tested because I received an airdrop. Now had they airdroped to every FID these tokens would have dumped into nothing.
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androidsixteen
@androidsixteen.eth
I like Bracket a lot but I still don't understand why the product needs $bracky -- why couldn't it just use ETH or USDC? Is this a midcurve take? cc @tldr
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tldr (tim reilly)
@tldr
Achieves a number of things: 1. Vision is Bracky spin up a prediction market about anything - this requires a lot of liquidity provision. 2. Our treasury of $bracky is how we let anyone on FC/X/Telegram start betting for free, in-feed, with no onboarding. (think of Draft Kings spending $200 CAC) 3. Aligns incentives w community. 4. Trading fees as revenue stream for team, less dependent on outside funding.
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androidsixteen
@androidsixteen.eth
1, 2 and 4 are effectively subsidizing capital requirements. Which is valid, but could be accomplished thru other methods like fundraising What does 3 mean?
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PinstripedGator🐊
@pinstripedgator
We love the $Bracky and his bad ass builders! 💪💙
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