added by sari · updated 2y ago
Lean Token Design
- While using a token doesn’t inherently make a community self-managing or decentralized, the benefits of (and value accrual to) the token aren’t maximized unless those criteria are upheld.However, no organization will fulfill the first 6 criteria purely on day one. Tokenized communities are progressively working to fulfill the above criteria, making... See more
from Tokenized Communities by Forefront
Alex Wittenberg added
- Media creators today can issue their own cryptographic token and design distribution and incentives around it to trigger a virtuous cycle for themselves and their fans. A simple token economics model could help media creators bootstrap funding for new projects, reward early fans and rally communities towards a common goal. In short, communities sho... See more
from A New Era of Media Begins With Tokenization by Coindesk
sari added
- So if I step back, a good consumer token model in my mind:
- Releases a token early, recognizes the end state is entirely unclear, and maintains optionality on how it’ll evolve in future
- Has mechanics to distribute tokens over a long time frame to users / participants that are creating value
- Captures value from the speculation layer and funnels it into
from Notes on Consumer Crypto | Aug 17, 2024 by Joshcrnls
Devin Baker added