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14min chapter
Memecoins, Web3 Social Media, and the Evolution of Token Models with Li Jin
The Defiant - DeFi Podcast
Evolution of Token Distribution Models
The chapter explores the progression of token distribution models in the crypto space, starting from proof of work with Bitcoin to ICOs and now focusing on airdrops and related methods. It discusses the lessons learned from each model and proposes a new concept called progressive ownership to incentivize long-term user alignment and ownership in networks.
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