change my mind: X-to-earn projects are red flags 🚩🚩🚩
Learn to earn can work. Especially if the learning and/or its output can signal value. Imagine Lambda School but on chain, you get paid to attend it, and in return the protocol/application takes x% of your income for y months, up to a max of z. Could work 🤷🏽
If the person is actually doing something net-beneficial to support the network (e.g. liquidity mining to earn) vs. purely extractive, I think it has a chance to work. If its walk to earn, then its DOA
Work-to-earn or lend-to-earn seem to work 😉 Play-to-earn could work if the “work” is masked as “play.” The caveat being that work still has to be work. See: duolingo
Most loyalty programs are X-to-earn. They just don't use that nomenclature.
Also known as: Work-to-earn Give-away-your-data-to-earn Take-on-tail-risk-to-earn Pump-metrics-to-trick-VCs-to-earn Get-diluted-so-think-you're-earning
Agreed not a ton of real utility built into them either “Here’s some arbitrary points” is much less meaningful/enticing than “now you have access to…”
I don’t think “red flag” as much as probably a caution flag; requiring for an absolute need to DYOR. We’ve seen that there are some good projects out there with relatively success x-to-earn models. Just need more good actors imho.
Important question: why is a project positioned as “X-to-earn” versus earning being a part of their GTM distribution/user acquisition model It’d be like saying a project is a paid-ads startup
Learn-to-earn Its the "Attach-and-Train" Career Conversion Program subsidised by the Singapore government and partnered with financial institutions https://www.ibf.org.sg/programmes/Pages/TFIP.aspx