5 ms·
Another good example would be a project like Uniswap on Ethereum that existed for a long time without a token. To your point precisely, Uniswap v1 was similar t
by ghayes 5y ago
Another good example would be a project like Uniswap on Ethereum that existed for a long time without a token. To your point precisely, Uniswap v1 was similar to the Bancor project but explicitly removed the token/tokenomics. The simplified launch made the protocol better for both them and their users.
- noxer 5y agoHmm whats the UNI token for then?
- anonymoushn 5y agoIt's a governance token, meaning you can use it to participate in non-binding votes about what the developers do.
- noxer 5y agoAh cool thx, BTW you can swap on the XRPL DEX too, however you can only swap "issued currencies" (IOUs) so you need to trust some counterpart (like gatehub or another exchange) to actually hold the asset behind it until you withdraw. The benefit is that is extremely fast and cheap even slow assets like BTC can be swapped just as fast as all others (in a few seconds).
- intotheabyss 5y agoIt's a governance token today, but it will likely become a capital asset earning revenue from the Uniswap protocol at some point.
- arcticbull 5y agoSo like a twitter poll?
- deleted 5y ago[deleted]
- wmf 5y agoDidn't Uniswap get eaten by others precisely because the others could use their tokens to create usage incentives?