14h ago
Just dropped again one of the most obvious inherent token utilities - and one that’s becoming essential as more and more tokens are created👇🏼
1️⃣ Enable permissionless creation
2️⃣ Enable better discoverability by putting economic stake behind the top assets or ideas (curation)
This is valuable for DEXs like Uniswap;
Launchpads like Pump fun & clanker;
But also apps like @qrcoindotfun;
Where new value is unlocked for token holders, newcomers, old and new Assets - and you can even enable multiple curations aka predictions - and thereby multiply value.
@qrcoindotfun In practice, Just staking on best $clanker $uni assets will show boring bag bias.
Hence you a little incentive: Stake on top Performance assets in next 7/30days to get prize x.
You can also predict other outcomes than prize, like top breakout app using $qr, with farcaster data!
@qrcoindotfun How do you fund this?
I hope Not with token dilution but part of revenues. Then explore whether this new token utility drives more demand to your token than you pay for it.
Revenue = demand
Investor believe = demand
Utility need = demand
Optimize for growth in long-term demand
@qrcoindotfun Ofc you can also finance this with Investor Money and therefore Focus on Investor believe, token utility and ultimately go for revenues too to create some Long-term sustainable valuation.
Both of these approaches are fair-Game:
Build it, then hype it;
Or Hype it, then build it.
768
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.