Here are my general thoughts on Citadef and token.
Why do we do that?
Why do we make a decentralized autonomous blogging platform, instead of a centralized one? Specifically, I want to see what a .eth platform enables that a web2 platform can't do.
Traditionally a publication platform would work like that:
Investors and a small team of founders own it, they sell products to users, the revenues go to the investors and founders.
At some point last decade, like @Scalo pointed out, it changed a bit:
Investors and a small team of founders own it, they sell products to users, most of the revenues go to the investors and founders, but a small part of it goes to users.
It's as fair as someone eating a big chocolate cake and drops you crumbs.
We want to do something more fair, right? So our aim is to create something like:
`A big team of contributors own it, some of the main writers are contributors, the revenues divides between all the contributors, in proportion to how much they contributed.
This is impossible in the web2 model. You can't create a company with so many partners, each of them is from a different country. You easily add main writers as partners. You can't technically distribute ownership of a platform. But with .eth websites, tokens, and DAOs it's possible - and that's why we do that.
Where do revenues come from?
In order to have the revenue to share, we need to see where it comes from.
Right now people pay some symbolic fee to open a blog (1$ that goes to our pocket), and tiny tx fee every time they publish a post (that goes to the validators of Polygon, not to us). The 1$ fee is not for profit, but to prevent spamming.
But a decentralized blog needs some services. For example, pinning services. Right now we provide it for free behind the scenes, but we won't do it forever.
One idea is to offer paid services, like pinning or analytics (how many people read each post). Due to the decentralized nature users can run their own services, but if they choose to use ours they should pay.
Another idea is paying for promotion, and for ad space (once the platform is popular enough). We have tech for decentralized ads for Esteroids.
A third idea is if writers use the platform to raise money (like, a blog post that asks for donations, send to the address of the blog writer), then the platform should take a fee of it.
Token usage
In my eyes, the token aim changes based on the state of Citadef.
RIght now, as long as Citadef doesn't ask for revenue, then the token should be used to track contributions. Like, the more tokens you got, it means that you contributed more, so later on you deserve a bigger part of the revenue. I'll open a topic about it later today.
Later, once CItadef will ask for revenue, I think it should be a utility token. This means that if you pay with ETH/USDC (for example) in Citadef you get the full price, but if you pay with Citadef token, you get a 50% discount. This means that contributors can sell their tokens for people to get a reduction.
We can even burn the tokens used for payments, to prevent inflation (like @Scalo proposed).
I didn't mention topics that @areohyoudeewhy mentioned, like staking, or taking a fee from each tx - basically because I don't have an opinion about it 😃