Crypto’s killer feature is community incentivization.



If you give early adopters economic ownership in the venture, they turn into powerful evangelists, which can create exponential growth for a new network.

Over time, from PoW mining coins to ICOs to DeFi to PFPs, the market has iterated on different models, but one design stands above the rest.

h/t @izebel_eth substack November 2023
DEFI6.18%
ETH2.9%
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