added by 0xsmac · updated 2y ago
Onchain Wizard - Tokenomics Thoughts
- Web3 founders need to take a step back and come to peace with the idea that there is no need to reinvent the wheel by introducing tokenomics models into every idea. Tokenomics is a powerful tool if used correctly. But tokenomics should take a back seat to the concept of engagement. Engagement is the basis of consumer success.
from Ponzi-as-a-Service (PaaS) by Robert Hammond
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
- The book is a primer to the Web3 and describes how tokens are the main application of this new generation Internet. It starts out by explaining the fundamental building blocks of the Web3 to a non-tech audience and describes why blockchain networks & other distributed ledgers as the backbone of the Web3. The books maps the socioeconomic implica... See more
from Token Economy: How the Web3 reinvents the Internet (Token Economy: How the Web3 reinvents the internet (English original & foreign language translations)) by Shermin Voshmgir
Patrick Workman added