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 @OpenSats , which helps us keep building and moving forward. View quoted note →

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"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 🤔
Yeah, exactly — unless there’s some genuine utility or revenue model behind it, tokens usually end up being a funding shortcut
Fotoart's avatar
Fotoart 1 month ago
Not everyone will make it, journey onwards! Ideally they would have merged efforts with another like mentioned by @water783 rather than forcing their vision.
I think you could also opt for longterm aligned gains if done correctly. The thing is more the control or leverage the company usually has over the token.
Besides that the state licenced company model is already dead. If a company is developing a new protocol or platform it is compromised from day one.