Crypto Tokens
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Crypto Tokens
Token Economy: How the Web3 reinvents the Internet (Token Economy: How the Web3 reinvents the internet (English original & foreign language translations))
Shermin Voshmgir • 1 highlight
amazon.com
Staking is a common element in crypto token designs.
But staking in the classic sense originated with securing Proof-of-Stake blockchains, not embedding token features in apps that run on top of them.
So what’s changed, and what new design opportunities could this open?
The thesis for value accrual in the social token ecosystem is straightforward.
Social token platforms with strong token economic models – that directly capture value from social tokens – will have the greatest opportunity to accrue revenue and value from social tokens.
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Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens.
Let’s explore “token network effects” ⬇️
Li Jintwitter.com