《Deep Dive into Token Types and Decentralization Pathways with a16z CTO》 (Author: KeyMapDAO) Memecoins are tokens without a clear purpose, and that’s their defining characteristic. If they gain a specific use case, they’re no longer pure Memecoins and may involve protocol design and legal issues. On Uniswap, they pay transaction fees by consuming liquidity; on Maker, they pay fees for leveraging and risks generated within the system; on Ethereum, they pay for block space and computation costs. A simple test for decentralization is: if you disappear, if your team disappears, if the token issuer disappears, what happens to the token price? If the token price drops to zero, then you’re not truly decentralized. Read the full article: http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=56763