Farcaster Meme Coins
This is a timeline of the Farcaster meme coin scene.
Warps (Nov 2023) https://warpcast.com
This is a Farcaster/Warpcast native token that emerged around the time when other platforms were creating offchain points systems. Companies are adopting this approach as a way to circumvent paying royalties to Apple and Google, as well as to avoid scrutiny from the SEC for selling a security.
Other examples similar to warps include Blast Points, Rainbow Points, friend.tech Points, Rabby Points, etc. All these types of points cannot be traded on decentralized exchanges, and their use is completely controlled by the issuer.
Crypto natives dislike this since crypto was invented to remove middle men and counterparty risk.
$POINTS (Ethereum — Dec 2023) https://points.cool
In response to these companies creating offchain points systems, a person named Mathias on Farcaster introduced an onchain...
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