Long Tail Social Token
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About This Episode
In this episode of DevNTell, Narb welcomes guest Dusty to showcase the Long Tail Social Token (LTST). Dusty, a former game developer, explains his motivation for creating a project that prioritizes community growth and stable economic mechanics over the speculative nature of many current crypto projects. The demo covers the interplay between the LTST token and a tiered NFT system, where users can 'forge' assets to progress through levels of art and storytelling. Dusty details the infrastructure, including Ethereum-based contracts, a council-led bounty system for artists, and a unique 'true proof of stake' voting model designed to reward long-term commitment. The project initially targets the furry community to fill a gap in dedicated online creative spaces.
Key Takeaways
Long Tail Social Token is designed to create a stable digital economy by pairing a currency with a tiered NFT product.
The project features a 'forging' mechanic where users burn lower-tier NFTs to upgrade to higher-tier art, advancing the character's story from a PFP to a full comic page.
A batch 'mining' system is implemented to return ended stakes to users efficiently, significantly reducing gas costs on the Ethereum network.
Community governance is managed through a council that issues bounties to artists, rewarding them with tokens for contributing canon art and lore to the expanding set.
The launch strategy includes a 21-day invite-only period to mitigate botting and ensure organic growth before open minting begins.
The 'True Proof of Stake' voting system awards more voting power to users based on the duration of their stake, specifically peaking at the midpoint of their commitment.
Featured Guest
Dusty
Founder @ Long Tail Social Token
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