Why is Problem Structuring critical in any token ecosystem?
Tokens are value creation and exchange mechanisms that allow network agents to participate in, and/or manage the system. They ensure that nodes operate effectively and actors participate in a coordinated manner. Therefore, they play an important role in aligning the incentives of the ecosystem participants.
Design Phase: Finding Token-Network Fit
Token design is perhaps the most discussed and exciting aspect of the entire process. A huge database of cryptographic primitives have emerged, and new ones are introduced almost every week.
Discovery Phase: Defining your Network Requirements
The first phase of token creation should start with an understanding of the ecosystem itself. In the Discovery Phase, we propose a process for token teams to formulate and align on the problem they are actually trying to solve. The fundamental question of “Why a token?” seems like a simple one, but getting internal alignment on the answer is harder then it seems. The discovery phase is all about determining and aligning on the particular characteristics of your business model, and defining the requirements for your token design.
Essential Strategies To Manage Token Velocity
The main objective in cryptoeconomics is to design token economies that will grow in utility value over the long haul.
