- Valuation Model
- Expert Interviews
- Founders, funding
What is the vetting process for potential FWB community members, in addition to acquiring the required number of FWB tokens?
Raihan Anwar
Co-founder at Friends with Benefits
Raihan: Right now, our current acceptance rate is about 40%. You can purchase your tokens, and then you go to fwb.help/join, and there's a really short membership form. You tell us about who you are, your interests, what city you're closest to. Once you fill that out, it gets piped into a Discord channel where other members vote on the applications. If there’s a community ballot and someone says, "Hey, I really want Colby in the group," then they’ll put in a note. The reason we do that is, as I said, we don't want just the Ethereum or crypto nerds in there. We want people with decent experience and decent human beings to be in there and enjoy our company.
Colby: There's definitely a risk of gate-keeping and filter bubbles propagating through a scenario like this. I think, luckily, this hasn't been the case because the type of people who were originally interested in running the membership team weren’t doing it for a financial incentive. They wanted to make the community better, and they wanted to make it more equitable.
The number of bad actors who’ve made their way into FWB is basically zero, at least into the Discord. There are so few shitheads I've seen. Honestly, I can think of one, and I can think of one dude I thought was a shithead, and it turned out he was actually kind of rad. He was just very opinionated around the Roll-hack time period. On paper, I would have expected it to have devolved, but the team is putting in work, and there's a lot of intent to it.
At some point in the future, though, I expect someone will find the breaking point. Someone will figure out a way to fuck this up. I'm also equally trusting of the team to figure out how to make it right. Again, they've gone through this trial-by-fire with the Roll hack and some other things, and they stepped up. The core team -- Raihan and a bunch of other folks -- has kept it above board the whole time. At some point, you do have to just trust humans, which is a cool thing. You have to trust humans again, not just code being executed on a blockchain.