Do You HODL Debt or Equity? Creating Utility with Creator Coins
Quick think piece inspired by Che Jazi, founder of Cent, What started as a small tweet, has been expanded into a small essay.
Why? Because there is a lack of ways to quantify productivity or potential. Entrepreneurs know the deep dedication to sell services or products, and early creators became stumped at the difficulties of creating a stable market cap or utility for their social token.
How Do We Quantify Potential in web3?
The inability to quantify productivity or potential brought holders away from investing in social tokens — at best, creators kept their commitments to holders because they feel obligated to do so, similar to a ball-and-chain, but soon abandoned their tokens and holders.
Overtime, the perspective of social coins begun to shift from promising to a ponzi scheme, largely because social tokens came with unique challenges on how to maintain traction, build engagement and also make money.
Chejazi, founder of Cent, thought about it even more eloquently —
Holding Personal Tokens Should Buying An Emerging Market!
It is natural that a financial engagement feels more serious than a social engagement. Yes, obviously a purchase feels more serious than a decision to follow someone on Twitter. But buying personal tokens combines both the financial and social portions and allows friends, fans and supporters to quantify their support, thus quantifying potential.
Personal tokens are different by design:
- Personal tokens are asymmetrically priced, ensuring the token is always worth more to the issuer.
This token design principle incentives continuous use by the issuer. - The value of a personal token is parallel with the TVL, meaning as more people buy, the spend and sell value of the token also increases.
This token design principle incentivizes continuous use by the holder. - Because personal tokens are added and removed from the total supply, rather than sold back to an open market, it is impossible for tokens to become drastically diluted by a few actors.
This token design principle ensures stability and incentives continuous use.
Much like social media interactions, personal tokens create an avenue for a long-term social relationship. Rather than a beginning a relationship with a follow or a calendar meeting, put your money where your support is by purchasing the meTokens of people who have potential!
Check out meTokens at www.meTokens.com
During a busy week where thoughts were already flowing around personal tokens, incentivized online coordination and web3 social, I could have wrote a book about the feelings of combining payments and web3 social!
👋🏾 if you enjoyed this article, consider buying $JAY. Follow me on Twitter @JayFrankEsq to Learn More about me, personal tokens and web3.
