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https://dl.acm.org/doi/10.1145/3771565 Perhaps this is the first peer‑reviewed academic study on Farcaster—accepted by ACM SIGMETRICS 2026 and officially published today—specifically examining pluralistic tokenomics enabled by Farcaster’s modular wallet-binding mechanism. The paper analyzes public datasets of social interactions and on-chain transactions up to May 2025, preceding the Snapchain transition and the launch of newer token projects such as $NOICE. Despite that cutoff, it investigates three major token incentive mechanisms—inter-user tipping, third-party algorithmic rewards, and Farcaster’s official USDC rewards—focusing on five prevalent tokens: $DEGEN, $MOXIE, $HIGHER, $TN100X, and $USDC, detected by spatial and temporal metrics such as clustering and entropy. Hope this work helps practitioners in Web3 and researchers in academia better understand how to build sustainable decentralized social networks by leveraging robust token economics. Acknowledgements: @dwr @0xluo.eth
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