Thanks to @montez and @snormore for the editsGoalIdentify the problems with using a speculative project token for web3 project user actions. Use Arweave’s $AR token as an example.IntroductionEnthusiasm for crypto projects drives speculative market activity for project tokens. If tokens are used to pay for project actions (i.e., payment tokens), then the price of project actions increases along with token value. In this way, token speculation levies an implicit cost on web3 product users—ultim...

Thanks to @montez and @snormore for the editsGoalIdentify the problems with using a speculative project token for web3 project user actions. Use Arweave’s $AR token as an example.IntroductionEnthusiasm for crypto projects drives speculative market activity for project tokens. If tokens are used to pay for project actions (i.e., payment tokens), then the price of project actions increases along with token value. In this way, token speculation levies an implicit cost on web3 product users—ultim...