← All companies

Rokfin

token-pay creator model

0 transcript mentions
0
mentions
1
receipts
0
numbers
1
episodes
By type
1
  • Idea1 · 100%
By speaker
1
  • Guest1 · 100%
By topic
1
  • Crypto1 · 100%

In the moments

1 linked receipts
Idea

Pay early network contributors in tokens, not dollars

Askren pitches Rokfin's model: pay creators (or, hypothetically, the first Uber drivers) in tokens they can cash for dollars same-day or hold. Since the first members create far more network value than the millionth, early holders could end up with tokens worth millions.

If the first Uber drivers were paid in tokens, not in dollars, right? That day they can cash out their tokens if they want for dollars. But if they say, hey, this Uber thing, I think this Uber thing is going to be something, I'm going to, I'm going to save 20% of all my tokens. Because in any digital network, the first people in the network provides way more value than the millionth person in the network.

Steal thisTo bootstrap a network, reward early contributors with equity-like tokens that grow with the platform's value.

EP 91 · 46:07 · BEN ASKREN
Read at 46:07
mfmindex.com№ 0091-2767