To clarify: @base has achieved $15B+ TVL and 1M+ daily active users without token incentives, proving GENUINE product-market fit. $BASE token launch: > amplify this success through aligned incentives OR > backfire. Risks I see ↓ 1️⃣ The organic growth disruption Base's authentic user adoption has been its key differentiator. Users aren't farming airdrops, they're actually using apps on Base. Once token is announced: • Airdrop farmers flood the network with extractive behavior • App quality degrades as developers focus on token incentives over user experience • Mercenary capital replaces organic community building Historical Precedent: Look at Optimism's $OP launch – initial excitement followed by sustained sell pressure and questions about whether token incentives actually improved the user experience or just attracted farmers. 2️⃣ Regulatory & legal complications The @coinbase exposure: • SEC scrutiny intensifies — Base token could be classified as a security • Coinbase stock...
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