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Towards a Practice of Token Engineering
Using the proposed approach, nine different-by-design value capturing mechanisms were identified: value transfer*(1), work “staking” token(2), protocol consensus token(3), dividend(4), backing by another asset(s)(5), discount token(6), internal product governance(7), meta-governance(8)**, and hedonic value(9)
Vasily Sumanov • How can we understand and classify value creation in the web3.0 economy?
I therefore suggest that we explicitly distinguish between “technical engineering,” “legal engineering,” “economic engineering,” and “ethical engineering” when designing a token system.