Tokens Are the New Customer Acquisition Cost
I've been thinking recently that tokens are essentially becoming the new customer acquisition cost. One of the things that made SaaS, and particularly freemium SaaS, work so well was that the marginal cost of letting somebody use your product was basically negligible. Sure, there was a bit of bandwidth, some storage and some infrastructure, but once you'd built the software, giving somebody another week or month of usage didn't really cost you very much.