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If you want it to work, you need to provide that token as a way to model an actually scarce resource.
And here, the scarce resource you could model is about post position in a post ordering list. As such, when you post, you can either do it freely and be last in that list or spend tokens to come higher. Then, you can be given tokens by people depending on the relevance of your post. As such, you can pay for the advertisement of being first in the list, to ensure more people view your post, because you believe lots of people will find it useful enough to notify it as relevant and give tokens to you.
But by posting anywhere except at the last position, you push some people away from where they were. So, you could handle that by actually staking tokens rather than spending them. And then, staked tokens are regularly spent depending on how high the post is in the list. Until it’s spent too much and becomes much cheaper to outcompete them with another post.
That’s the spending part of the tokenomics, revolving around a scarce resource.
Then, you can model the issuance part. Well, the issuance could be done by another token or the same token being staked to generate more tokens or anything to provide more tokens over time to people providing a service. Now as to what service to provide, that is a good question. Ideally, nothing tied to Karma, due to its very easy manipulation. Just being a Reddit viewer, as some sort of consumer? More than that? It’s the half I’m struggling with.
Interestingly enough, this at least means it can be either handled by Reddit or any front end parsing Reddit posts and showing them in any order. So, technically, being a viewer looking at advertisements (if there’s nothing else that can be done to monetize it) is a service provided to the front end and that could ensure there’s a service and there are tokens users could earn, at the very least.
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