This was my understanding also. ListNerds is a governance token to gain influence on the earning of more governance tokens on the platform.
For average users, the free account is brilliant, they can promote their account for free AND earn some crypto while doing it!! It is a great product!
Yes, that's right: governance is the primary purpose or use for ListNerds, to ensure the good stewardship of the ListNerds community; to encourage desirable behaviour (effective email communication that promotes content discovery) and to counter poor or anti-social behaviour (plagiarism, milking).
I agree, the free account is under-utilised and offers a great opportunity to new and small accounts - and larger ones, too.
From an investment perspective, now that inflation is under control (report out tomorrow). From what I have seen many early investors have been cashing out at great profit..
Those who continue to hold ListNerd tokens are also sitting on good paper profits. Therefore I do not necessarily see any problem with the tokenomics.
There are some good opportunities to add even more value to the whole ListNerds community as seen in some of the comments here and this could be an exciting time to see what the team implement next.
This is typical investment behaviour, especially of OG investors. They come, invest, take early profits, move onto the next thing. OG investors are going to do their thing, and they have their place.
What's more interesting (to me) are the ones that hold and the second-wavers.
I count myself in the latter group, I tend to watch for a while, let the OGs get in and out, have a look at performance and then make my decisions. I've criteria for investment, and I'm usually thinking about a medium to long-term investment. Three to five years would be my starting place but, depending on the project, it could be longer.
Nor do I. I am curious why it took so long to act on inflation, but that's a small thing and out of intellectual curiosity rather than anything else 😁.
Thank you for sharing your thoughts. It is reminding me of investing in some seedrs.com projects but with crypto/tokenomics instead.