SymVal

How can a fungible token be designed to carry high symbolic value?

When tokens are non-fungible this is an easy task. Many NFTs are designed to hold little or no monetary value, and high symbolic content.

As an example, POAPs are minted to symbolize memories of specific moments and events in time and/or space.

Fungible tokens cannot escape holding monetary value, but can they be designed to allow a richer symbolic value as well?

Could we create a token still compatible with permissionless automated market makers, but also useful for holding non-monetary values?

Last updated 1 year ago

When tokens are non-fungible this is an easy task. Many NFTs are designed to hold little or no monetary value, and high symbolic content.

As an example, POAPs are minted to symbolize memories of specific moments and events in time and/or space.

Fungible tokens cannot escape holding monetary value, but can they be designed to allow a richer symbolic value as well?

Could we create a token still compatible with permissionless automated market makers, but also useful for holding non-monetary values?

Last updated 1 year ago