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2024-12-22

Here is a summary of the key ideas and sentiments from day 3 of the tokenomics discussion:

  1. Speed is of the essence given the rapid pace of AI development
  • Multiple launchpads using TELE are emerging and the space is moving quickly
  • ai16z needs to move decisively to secure its lead and build a moat, potentially by focusing on becoming an L1 for AI
  • Short-term flywheel needed to maintain attention on TELE while pursuing longer-term L1 goal
  1. Potential official ai16z launchpad with a curation/"blue check" process
  • Anyone can permissionlessly launch but only some get vetted and earn a "seal of approval"
  • Curation could be done by rotating board of ai16z partners with diverse skill sets
  • Process: 1) Agent/project applies and makes case 2) App public for feedback 3) Board decides
  • Staking ai16z to get blue check also proposed, with slashing if project rugs
  • Curation would lead to higher quality projects and associate them with the ai16z brand
  1. Clarifying the mechanics and benefits of pairing new agent tokens with ai16z in an LP
  • If done at Token Generation Event (TGE) when price is low, ai16z appreciating faster than agent token is unlikely
  • Impermanent loss mitigated by being earliest liquidity provider and collecting fees
  • Long-term, tokens get "trapped" in LPs, reducing circulating supply
  • Wintermute-style approach - being an LP in vetted projects only and rewarding them
  1. Other thoughts and ideas
  • A "cultural agent swarm" ecosystem of NFT "decc0s" characters being built on TELE
  • An decentralized App Store model where devs can sell "Agent-as-a-Service" and ai16z is the currency
  • Vana as an interesting project to study - an L1 focused on user-owned data and "data DAOs"
  • TELE inside logo as decentralized identity (DID) and intellectual property (IP) marker

The sentiment seems to be converging on a two-pronged approach: 1) Some form of curated "official" launchpad in the short/medium term to maintain TELE's momentum and 2) A longer-term push to make ai16z an L1 to cement its status. More rigorous analysis and head-to-head testing of ideas is the logical next step.