Sign's token side and the entire Orange Dynasty they are creating around it.
I’m on to it! @SignOfficial
However, the more I stared, the more I saw minute things that do matter
First off the supply
They are not bombarding the market on the first day. That alone is a relief. Rather than opening the door completely and letting anarchy reign, they are keeping the original amount of money in circulation relatively small. And you see how long you have been around, when you know the reason that is. Early on low float implies that there is less pressure to sell randomly, less panic dumps, and that a bit more control is available over exactly how the market will form.
Not perfect
But even better than the common meal
Here is where it gets more interesting to me. A large portion of the tokens is not simply sitting on VCs waiting to get out. Much of it is literally reserved to later users- people who make an appearance in the future. There is something known as Sign App mining and it is basically the one where you do not need to be early to win. You may still make your way in due course.
And I like that
We miss the early rounds or most of us, anyway
It shifts the feeling a bit. It is not I am late, it is over but rather ok, maybe I can still get a piece in case I really put this thing to use.
That’s a different mindset!
The manner in which they are putting the token across is not merely a process of trading. It is supposed to be applicable to all that they are constructing, signing data, verifying something, being a part of the ecosystem. Ideally, therefore, its value is found in the fact of people really using it, not flipping on a chart.
That’s the theory at least.
Probably it will end up that way we shall see.
We can now speak of this Orange Dynasty thing, since now it is where I needed to stop a little.
On one hand, I get it. Any good project will result in creation of some form of culture. Ethererum has its supporters, Solana has its atmosphere, even smaller ecosystems develop identities over time. Sign is only doing that early and being aggressive about it- orange branding, community identity, incentives, all that.
And they’re not just talking. Instead, they are granting people recognition with things such as soulbound tokens (a badge that can not be sold), NFTs based on contribution. The thing is, so as long as you are building, posting, contributing to the growth of the ecosystem, you receive something that demonstrates it.
That part makes sense to me. Human beings like to be noticed. It keeps them engaged.
But at the same time cannot rule out the other side of it.
It is a thin line between a strong community and this is beginning to seem like a cult. And I do not mean Sign is there, but, yes, I am watching it. Since at some point, the project will be too insular to the point of not attracting new people anymore. And then it is the slowing of growth.
Thus to me, the Orange Dynasty is something interesting, yet somewhat of a question mark.
The other aspect that I researched was about the way they are doing airdrops and distribution. And this aspect would genuinely impress me than I thought.
Rather than being arbitrary about how they drop tokens around, they are implementing their own system- TokenTable to control access to what and when. That consists of vesting schedules, unlocks and various eligibility criteria. It is not simply a matter of connecting wallet, receiving tokens, dumping.
There’s structure to it.
And that matters, that is important. Since airdrops are broken since sometime ago. Too much bots, too much spammy users, too much noise. Whether Sign can get that clean up, even in part, that is something.
Nonetheless, I am not mindlessly optimistic in this case.
There are real risks. The entire model will be built upon the fact that people will be using the products - Sign Protocol, TokenTable, the future app. Unless such use increases, that token will not have any magic in it. No distribution however well designed.
And then there’s governance. They say that long term holders and active contributors will take part to the direction of the project. Sounds good. But we have all witnessed what that may do when power remains hidden in the background.
I am keeping a close on that, so.
I like that at the end of the day Sign is trying to do the right thing: compensate those who can help and maintain the early supply at a low level and create a culture that will be maintained.
The question that I am not certain about is that of whether they can strike the balance of everything without it leaning too far in either way.
This may be very unlike the normal token launches since, in a case they get it right, this may feel different.
But when they do not it is only another drama we have already watched.
Wonder what you guys think does this actually feel any different to you or are you just better packaged?