The truth about tokens
Launching a token can be the best marketing on the planet. It makes useless products appear world changing.
Grifters know this. There’s a token attached to all the obvious grifts like FTT and LUNA and the more subtle VC pump and dumps. Too many to name.
Builders also know this so they focus on building a useful product first. Without a truly useful product the token is easy come, easy go.
Token comes later with time. It’s too valuable as a marketing tool and to align incentives between team and users to ignore. But if you launch it too soon or hype it up too much then it’s dead on arrival.
Tomaino Family Rules (post skin in the game)
1) You choose what you pay attention to. Don’t let anyone project their own insecurity onto you
2) The most obvious truths aren’t talked about. See and act on what others aren’t. Don’t just go through the motions
3) You choose what to worship. We all worship something: God, money, attention, being liked, etc. Be mindful of what you worship or else it will eat you alive
4) Sincerity and caring deeply wins. Irony protects you from looking foolish but is a trap. Don’t talk about caring too much either, live it
The quick money paradox: everyone wants quick money, but quick money is bad even when it feels good
Anything worthwhile takes time. Embrace the grind 💎
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Stay conscious and alive day in and day out
As AI and crypto grow this becomes harder and more of a competitive advantage
Human nature wants quick results. Money now, attention now. If we don’t get that result right now, easier than ever to bail and look for the next shiny object
STAY CONSCIOUS: be self aware and don’t give into the fomo and fud that bots and NPCs project on you
STAY ALIVE: Believe in something more than money and attention and don’t bail
Top Grail eco news items of the week:
VLAD: AMC fat boy called him out once again for stockcoins. Robinhood Chain passed $100B in volume, though activity is way down from the highs and some are calling the chain dead.
MJ: His 1998 Finals game worn sold for a record $14M, the third time a game worn from that Finals series sold for more than $10M.
ELON: Roadster demo was 🔥🔥🔥. Alex Gibney released a 3 hour and 55 minute documentary called “Musk” now in theaters nationwide in U.S. Gibney’s conclusion was Elon is sociopathic.
Stay conscious and alive day in and day out
As AI and crypto grow this becomes harder and more of a competitive advantage
Human nature wants quick results. Money now, attention now. If we don’t get that result right now, easier than ever to bail and look for the next shiny object
STAY CONSCIOUS: be self aware and don’t give into the fomo and fud that bots and NPCs project on you
STAY ALIVE: Believe in something more than money and attention and don’t bail
Stockcoins provide global distribution to public companies just like stablecoins provide global distribution to fiat currencies
Public company CEOs fighting the trend will not age well
@Chrisabiaad@tokenterminal Good question
My number is total stockcoins on rh chain and base bc these are truly onchain and liquid
There’s other types that I’m not including but maybe should, pls lmk what I’m missing
The total market cap of stockcoins is $175M and the total market cap of stablecoins is $315B
Stockcoin growth will accelerate for the same reasons stablecoins have been so successful:
- Global access is what crypto is all about and people around the world want easy financial access to the best companies in the world
- Just like the U.S. government recognized that stablecoins help distribute dollars globally, companies will soon recognize stockcoins help distribute their shares globally
- Crypto natives want diversification and to trade in and out of volatile assets with stable assets. Stockcoins are relatively stable but more fun than dollars