[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  BEN.ZZZ [@cyberpunk](/creator/twitter/cyberpunk) on x 9304 followers Created: 2025-07-17 02:04:58 UTC people don’t have a problem with utility tokens. they have a problem with extraction schemes that are dressed up as utility tokens. why do teams and investors need allocation into a game utility token? games involving a liquid utility token are hard enough to design, and their existential challenge is attracting new liquidity, so how does it even work when insiders are actively incentivized to sell into and drain the utility token's liquidity? seems like the worst misalignment of incentives I can imagine between a game designer/builder and players. if utility tokens are meant to be utility for the games, and not a "speculative asset class", why is offchain exchange volume of these “utility tokens” 10000x bigger than the onchain volume of tokens being used in game? also, why not use ERC20-C / Apptokens? if you’re building a 2021-style ponzi where people aping into the token on CEX is part of the gameplay, why do you even need the game? people buying the token to speculate wouldn’t be playing the game anyway. also, why does the game need to be fun? the fun is already in the speculation, just buy memecoins. XXXXXX engagements  **Related Topics** [alot](/topic/alot) [liquid](/topic/liquid) [token](/topic/token) [Post Link](https://x.com/cyberpunk/status/1945666004358406296)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
BEN.ZZZ @cyberpunk on x 9304 followers
Created: 2025-07-17 02:04:58 UTC
people don’t have a problem with utility tokens. they have a problem with extraction schemes that are dressed up as utility tokens.
why do teams and investors need allocation into a game utility token? games involving a liquid utility token are hard enough to design, and their existential challenge is attracting new liquidity, so how does it even work when insiders are actively incentivized to sell into and drain the utility token's liquidity? seems like the worst misalignment of incentives I can imagine between a game designer/builder and players.
if utility tokens are meant to be utility for the games, and not a "speculative asset class", why is offchain exchange volume of these “utility tokens” 10000x bigger than the onchain volume of tokens being used in game? also, why not use ERC20-C / Apptokens?
if you’re building a 2021-style ponzi where people aping into the token on CEX is part of the gameplay, why do you even need the game? people buying the token to speculate wouldn’t be playing the game anyway. also, why does the game need to be fun? the fun is already in the speculation, just buy memecoins.
XXXXXX engagements
