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![AleaResearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1555515751267811328.png) Alea Research [@AleaResearch](/creator/twitter/AleaResearch) on x 22.5K followers
Created: 2025-07-22 17:01:23 UTC

Over time, crypto markets have provided us with multiple examples of what does and doesn't work for points programs.

Points programs often face challenges, including:

- no liquidity
- imperfect secondary markets
- unequal dynamics
- ambiguous value

![](https://pbs.twimg.com/media/GweYuSnaAAA6v12.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947703534910378296/c:line.svg)

[Post Link](https://x.com/AleaResearch/status/1947703534910378296)