App coins seem to have a broken flywheel. There isn’t a clear incentive to hold short or long term. So speculative buys and exit liquidity have become the dominant value prop.
This mixed with everything is a trading app now, makes wonder if we need more controlled app tokenomics like Molecule’s protocol for DeSci projects.
💭
To me, app coins are basically a public friends and family round.
You assume it might go to zero, but you believe in the vision and the people enough to take the shot.
99% will fail. Part of the bet is whether you can help push it into the 1%.
If I hold your token, it means I want to help contribute to your success.
@tryemerge make workflow that turns my pfp into a peanut at an crypto wallet fine art gallery. Beautiful wallets, so many of them. Abundance of wallets for us to admire.
