Discover and read the best of Twitter Threads about #fireritual
Most recents (3)
One of my favorite topics to explore recently has been @templedao.
It's fascinating to watch the project grow and the community take off.
Over the past few days I have written a few threads about the power of its community and also Temple Defend.
🧵🧵🧵
1) Today I want to ...
It's fascinating to watch the project grow and the community take off.
Over the past few days I have written a few threads about the power of its community and also Temple Defend.
🧵🧵🧵
1) Today I want to ...
2) look closer at the project's launch.
Launching tokens is hard and easy at the same time. In theory, pretty much anyone can release their own ERC20 tokens but only very few of them gain legitimacy and truly take off.
The 'oldest' launch, akin to an immaculate conception...
Launching tokens is hard and easy at the same time. In theory, pretty much anyone can release their own ERC20 tokens but only very few of them gain legitimacy and truly take off.
The 'oldest' launch, akin to an immaculate conception...
3) has been Bitcoin. It's considered a 'fair' launch because in theory, everyone had the same chance to 'mine' Bitcoin from day 1. Of course, information asymmetry meant that only very few were mining early on.
Then came ICOs. Founders sell tokens in various auction or sale
Then came ICOs. Founders sell tokens in various auction or sale
The many ways of the Temple are not always clear to the aspiring acolytes.
Here's a ELI5 thread about Temple Defend.
1) Remember, @templedao's goal is to create 'safe haven' low volatility pools. Its $TEMPLE token captures and incorporates this same principle.
Here's a ELI5 thread about Temple Defend.
1) Remember, @templedao's goal is to create 'safe haven' low volatility pools. Its $TEMPLE token captures and incorporates this same principle.
2) What do $TEMPLE believers hate? Pumps and dumps, boring stablecoins, hyped projects that quickly go to the moon and drop even faster (I am looking at you $TITAN and $GAIA) - there is nothing of value here.
What do $TEMPLE believers like? Enter the 'backed, not pegged' meme.
What do $TEMPLE believers like? Enter the 'backed, not pegged' meme.
3) You might remember this from @OlympusDAO. Indeed, the genius treasury mechanics behind $OHM are now being smartly utilised by other projects.
The goal? Suck out liquidity, control liquidity, build treasury reserves. Pegs are volatile. Pegs must be defended, pegs can break.
The goal? Suck out liquidity, control liquidity, build treasury reserves. Pegs are volatile. Pegs must be defended, pegs can break.
Crypto and DeFi are gamifying and connecting innovation across finance, community building, art and governance in so many ways at such breakneck speed that it is hard to follow and distinguish between value and madness.
Enter @templedao
🧵 A Thread (Value or Madness?)
Enter @templedao
🧵 A Thread (Value or Madness?)
1) When seeing videos of people burning things as part of the #fireritual for @templedao, I got ... curious?
Bootstrapping in DeFi is not just community building, it is cult building. Some, like @OlympusDAO, @AlchemixFi, @iearnfinance and @SushiSwap have done a great job.
Bootstrapping in DeFi is not just community building, it is cult building. Some, like @OlympusDAO, @AlchemixFi, @iearnfinance and @SushiSwap have done a great job.
2) Others have gone the traditional VC route and raised rounds (@Uniswap).
But as in everything, saturation sets in. There can only be ONE @OlympusDAO community and so on.
To stand out, you must do something truly special.
@templedao: Hold my incense stick
But as in everything, saturation sets in. There can only be ONE @OlympusDAO community and so on.
To stand out, you must do something truly special.
@templedao: Hold my incense stick
