Catch Up With What Happened This Week in BanklessDAO
Dear Bankless Nation 🏴,
The vision of the bankless movement is to live in a world where anyone with an internet connection has access to the financial tools needed to achieve financial independence. BanklessDAO stewards the bankless movement by creating educative and informative onramps to decentralized finance technologies.
In this week’s Community Call, MikeT talked about the power of expectation and the impact it can have on the BANK token’s market value. He noted that if people expect the value to decrease, they are more likely to sell to avoid losses, which in turn increases sell pressure and has the expected effect. Likewise, when people perceive that the token will become more valuable, they are less likely to sell and this will help achieve a positive trend for buy pressure. A thought-provoking discussion followed in which participants mused on ways to reduce outgoing BANK, increase incoming revenue, and create value alignment with the DAO.
As noted by many in the discussion, we must not fall into the trap of equating value only with financial return. This week’s editorial is a light-hearted read from HiroKennelly on the importance of putting FUD in perspective. BanklessDAO is a beacon for many in web3 and we must find ways to build on that through bear and bull, and keep that light shining brightly.
Have a joyful weekend, and remember that the shade helps the light seem brighter.
Contributors: Melasin, ****Warrior, theconfusedcoin, anointingthompson1.eth, Paulito, Vi-Fi, Trewkat, HiroKennelly
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🧐 Check out the Grants Reform Temp Check on the Forum and provide feedback.
🧑💻 Listen to Bankless Africa’s podcast: Jengajojo and thinkDecade on decentralized governance.
👫 New Joiners Session is happening on October 2 at 14:00 UTC.
🏃♀️ Catch up: Review this week's Community Call notes or listen to the recording.