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Replying to Avatar water783

Building a FOSS chat app isn’t easy — it takes a ton of time, effort, and resources. Simplex probably went down that token route just to cover costs.

Keychat, on the other hand, is trying something interesting — using ecash sats as postage stamps for messages.

And then there’s 0xchat & XChat — we don’t have any monetization model, but we’ve been lucky to get steady grant support from nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqypu8xwr40lp96ewdj2fef408wy70gd3carf9n6xu7hrnhq6whpgly925h0z , which helps us keep building and moving forward.

nostr:nevent1qvzqqqqqqypzpwleyw4fy3sxt7yvgrran0mpenxqlululur94r9jlax0hd3q3rc7qqsfrn0d7ra24ymqahkwlhxdnp3jfxajkdpeg23zev5mny70kw27aqsqjzn5w

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hzrd149 2mo ago 💬 1

"Simplex probably went down that token route just to cover costs" this is what gets me. there is only one way that launching a "utility" token would bring in money, and that is if you pre-mine and play games with the market (rug pull)

Otherwise if you in theory made a fair token launch it wouldn't bring in any money 🤔

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water783 2mo ago

Yeah, exactly — unless there’s some genuine utility or revenue model behind it, tokens usually end up being a funding shortcut

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