Tipping as a growth strategy

Onchain tipping, as practiced by the $DEGEN and $ENJOY token ecosystems, is presented as a new growth strategy that combines tipping with referrals. The article says $DEGEN grew from a Warpcast channel into a $1 billion+ (fully diluted) ecosystem, with users tipping by replying to Farcaster posts in the format "100 $DEGEN" and recipients earning points that convert to tokens at the end of each airdrop season. It describes $ENJOY, Zora's first memecoin, as using a weekly tipping allowance and a 90% creator, 5% first tipper, 5% tipper split. The author suggests the 5% first-tipper incentive can turn a tip into a referral, and notes that tipping also raises risks of fraud and sybil attacks.