water783's avatar
water783 5 months ago
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 →

Replies (4)

"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 🤔
Fotoart's avatar
Fotoart 5 months 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.