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suppressedmama's avatarsuppressedmama
2h ago

Been thinking about this concept. Not Numerai token. fuck that. we don't want people to have to buy some crap token that doesn't match performance. Imagine you are a YEN based person and a platform asks you to buy a token tied to Turkish Lira performance. Lols, its kinda lame unless you quanto stuff. we'd love to have a stable coin token that we dribble on all scientists who submit signals. the stable coin would be backed by another more heavily collateralized stable coin, but with a yield. lots of details, regulatory and otherwise. we worked on all these weird angles over the last two years. It's no wonder Numerai launched what is called a "Utility" token. a lot of complexity in this front. I think we are leaning towards an alphanova stable coin with yield wrapped around a proper stable coin for backing.

Having said that, we'd love to have Dao token that we organically launch with no crypto vcs backing and, initially, no promise of liquidity, in which NovaDao holders have rights to vote on stuff. Anti Boomer stuff. we allocate to active participants who submit signals and are active on discussions and so on. like a global leaderboard sort of thing.

would love to here your views.

NONIUS

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