According to Shenzhen TechFlow, Variant partner Li Jin said in a newly released article "Progressive Ownership: A Model for Application Tokens" that his original intention in founding Variant was to believe that the next generation of the Internet will transform users through tokenization. for the owner. Infrastructure networks like Bitcoin and Ethereum have been very successful in using tokens as user incentives. However, the application layer has yet to find a mature model for using tokens to grow the network.
On the contrary, there are many examples where distributing tokens actually hinders continued growth and user retention, attracting more speculators than real users, thus confusing product-market fit. Because of these failures, many people believe that using tokens for applications is a category mistake, but we don’t see it that way. We believe the answer is to continually iterate on token design, moving toward a more bottom-up and opt-in ownership distribution model, which we call “progressive ownership.” This approach focuses on deepening loyalty among app users (given a good product-market fit).
