token mechanism design is my favorite aspect of crypto. the reality is though, most token launches fail to recognize the importance of the right incentive and value accrual structures for success
tangentially, im fascinated by the accretive nature of the atm offerings used by crypto treasury companies (especially in the presence of a fcf'ing business to support asset purchases when demand for the publicly tradable vehicle faulters). converts, and other non-dilutive products are interesting too.
clank clank