token design

laurent hardy

token design usefulness of the token

tokens are useful if they CAPTURE AND CARRY information about the value provided by the network to the users in the form of a service.

@donhylo

token design usefulness of the token

  1. what service does the network PROVIDE TO THE users?

  2. How do you MEASURe the value of the service?

  3. what is the information about the value of the service that is going to be captured and carried by the token?

@donhylo

NOTE: to have intrinsic value, that information has to come from within the network and not from an oracle or something like that.

@donhylo

WHO ARE THE STAKEHOLDERS?

  1. what do they want?

  2. what value do they provide?

  3. what do they get in return?

token design Formulate the Problem

@donhylo

Stakeholders What do they want? What value do they provide​? ​What do they get in return?
Users
Contributors
Clients
Sponsors
Investors

token design Formulate the Problem

@donhylo

WHAT ARE THE POSSIBLE VECTORS OF ATTACK?

  1. Stake distribution

  2. Extra blockchain information

  3. IDENTITY THEFT

  4. BRIBERY

  5. collusion

  6. spamming

token design attack vectors

@donhylo

objective function

e.g the purpose of the token is
to maximise the amount of "QUALITY DATA"
available to the users

token design objective function

@donhylo

constraints

e.g. conditions upon which tokens are used as rewards / penalties

e.g. requirements for using the token

token design constraints

@donhylo

  1. CURATION

  2. PROOFS OF HUMAN OR COMPUTE WORK

  3. IDENTITY

  4. REPUTATION

  5. GOVERNANCE / SOFTWARE UPDATES

  6. THIRD-PARTY ARBITRATION

token design existing patterns

@donhylo

token design real identity

how does the token relates to the REAL identity of the people? 

@donhylo

token design governance

how will the users participate in the governance of the network? 

@donhylo

token design wealth redistribution

how is wealth redistributed amongst the users of the network? 

@donhylo

token design non–financial incentives

is there any non–financial incentives for stakeholders? 

@donhylo

token design components of a token launch

token design

community building

legal & tax setup

cryptoeconomics

token launch

security measures

regulatory & whitelisting

marketing, pr & roadshow

Feedback is welcome.

Thanks.