Crypto Token Incentives
Discussions center on how cryptocurrency projects monetize through tokens or coins, including pre-mining, incentives for participants, and skepticism about their value as shares or Ponzi schemes.
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How does the company behind it make money? Do they have 20% of ether supply or something?
It does not have to be "real money", could be crypto currency generated by the very community, have a look at steem and steemit.
How does holding some coins give any incentive to anyone else?
I hope you are correct, coins are the right abstraction for shares. It requires talented people to take a risk.
a lot of people have gotten rich in the meantime and many tokens still have non zero value.
You missed c) you want to make a lot of money by creating a new stablecoin and granting some percentage of it to yourself.
Ah, I misunderstood - I thought they were getting their own coin. If it's just bitcoins then it's not an issue.
It is a pre-mined coin. The creators of this cryptocurrency have sequestered away a large fraction of all possible coins for themselves.
How is it useful other than for people making money off token outout. Continue to fry your brain.
Where did I mention a specific blockchain or coin? How can I monetize my previous comment?It is deceptive to infer that there is a financial benefit. My idea is purely practical. It doesn't align with any mainstream financial interest, unlike yours which only serves incumbents.