Towards a Practice of Token Engineering

The token design process is becoming increasingly bottoms-up, with more responsibility transferred to the community.

- Similar to how Marc Andreessen described the way in which software was eating the world in 2011, tokenization has led to the emergence of a whole new industry and era of technology and entrepreneurship known as web3.

Unlike progressive decentralization, The Lean Token Design framework suggests that tokens shouldn’t have any complexity, but have some minimal viable utility to rally an early community. These tokens would be introduced early on in a community’s lifecycle along with an initial use case for the token to drive early demand. The framework also introdu... See more