ENS must be valuable and must be appreciated like SOL. If ENS is worthless and value is not considered, then why issue ENS? Just use ETH directly. Due to the issuance of ENS, economic models must be considered. Later, ENS Fan Exchange finally purchased ENS to support DAO
All ENS needs to do is go L2 and use ENS for fees instead of ETH .
This is a very important issue and it is strange why no one is discussing
By all means, discuss it. The consensus thus far is that it is entirely a governance token, full stop. Ideally, that is admirable, but there are a couple of issues it presents. 1. Governance token implies ownership, even if just over governance decisions - governance also includes electing individuals to trusted positions and also includes how revenue is allocated. 2. If the token price depreciates significantly, it creates an attack vector.
In any case, it is very strange to have an economically valuable token that does not have a developable economic model
As I remember,
Someone who wants to make a poll to propose a change needs 100K ENS tokens. Then, there are 20 million ENS tokens circulating that can be used for voting.
So, as of now, most of the people are using it for trading. That being said, we would need to give real tangible incentives for voting (can’t think of one)
BNB gives new listed tokens after voting to the winning part and BNB to the losing part (there are 2 choices and only 1 gets listed).
Also, offers staking (an untenable model if you ask me).
If we make an analogy, ENS tokens are like stocks. So, as stocks do, the company should pay utilities to the holders. This model has worked for 200 years.
Why not copy such model? It would be tricky to do it right but will last longer.