Respect zora Direct statement $ZORA has absolutely no power-related function
Did you think, like me, that $ZORA is a governance token?
I originally wanted to ask everyone on Twitter why $ZORA is not issued on its own Layer 2
I usually organize some information within my ability before speaking, trying to avoid being a handout, and I can learn more in the process
Looking at the official documentation, I silently deleted my question post
I believe that if $ZORA is seen as a meme coin, the liquidity on the base chain would be much better, so there is no need for it to be on its own chain; obviously, the interests of the token are still placed above the project
When I was looking at the documentation, I remembered that I had already seen it before
I have long known about token economics, so why did I forget?
I think it's because I got used to the promotion of many project parties, especially in high-financing VC coins
If a coin has no hard demand, we naturally would think it at least has governance functions; otherwise, we really wouldn't know what else the coin could do
Of course, I wouldn't invest just because it has governance functions; that is not my main consideration
A year ago, I read an article published by TechFlowPost, which I found quite interesting, so I'm sharing it with everyone
The content mentioned a phrase "Governance tokens are memes dressed in suits" which I think runs through the entire article and is worth pondering
https://techflowpost.com/article/detail_17773.html
The following is from the official documentation:
$ZORA is for entertainment purposes only and does not grant its holders any governance rights or any claim to equity ownership in Zora or its products
https://support.zora.co/en/categories/1095361-zora
All of these damn balls of mine...
