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.
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oh man what a pity
"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 🤔
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.