RE: Related tokens to LasseCash
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The only sink I know is in the kitchen. How does it work within tokenomics?
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You are viewing a single comment's thread:
The only sink I know is in the kitchen. How does it work within tokenomics?
Posted using LasseCash
Ask @ironshield , its him that like these terms :)... I was just responding to his questions, I am much more focused on utility, product market fit and on-boarding when I decide where to invest.
Posted using LasseCash
Learned about faucet / sink back when steem monsters was a thing - faucet is distribution like airdrops and prizes and rewards. Sink is eliminating (not trading) the token for something, like an in-game item, or a service. Promoting a post is a "sink" as the token is sent to @null (burned) in exchange for the service of promoting a post.
Slinterlands sink is ingenious, leveling up cards burns nfts on a mass scale.
Ecency uses the faucet/sink concept with their brilliant point system. Aquire the token by using the app (faucet), spend the token on boosts and promotions (sink). With no sink, tokens just gather up and loose value, eventually flooding the bathroom!
The best investment tokens ones that are utilized as quickly as they're minted, so the price remains stable, slowly growing over time, resisting pumps. Hope that explains it. @mypathtofire
Thanks, I probably need to learn and read this everyday until it sinks in. Really important concepts.
!CTP !ALIVE
@ironshield! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @mypathtofire. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
