Good Game Hot Topics: FarCon, App Layer Value Accrual, & The High FDV Dilemma | EP 49
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May 8, 2024 Imran and Qiao discuss hot topics in the crypto space including FarCon, app layer value accrual, the high FDV dilemma, Farcon event dynamics, Lens vs. Forecaster growth trajectories, FARCAS protocol for financial apps, tipping tokens in decentralized networks, GPU challenges affecting token value, edge AI monetization, and app value accrual evolution in the crypto space.
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Friendtech's Egalitarian Airdrop
- Friendtech's airdrop is revolutionary with 90% tokens given to users and 0% to insiders.
- This model counters the traditional token distribution favoring insiders with low float and high supply overhang.
Friendtech Token Utility
- Friendtech token has intrinsic utility beyond distribution via liquidity incentives and usage to buy into clubs.
- Its own DEX generates fees that flow back to stakers and liquidity providers, creating dual revenue streams.
Conflict Between Equity and Token Holders
- Conflict of interest exists between Friendtech's equity holders and token holders as insiders own equity but no tokens.
- Insiders benefit from platform revenue, risking devaluation of the token in medium to long term.