Kicking off our series on the Design Phase of Token Ecosystem Creation, we discuss setting a network’s objective function and how to best approach setting the foundations for a token design that can effectively create and capture network effects. 

We are excited to announce our investment into Agoric to support the team to bring security, usability, and interoperability to smart contracts. In the global economy, establishing trust costs up to 35 percent of GDP. Smart contracts are key to changing the way trust is established in the economy.

51% attack An attack where a single entity controls more than half of the network hash rate, allowing them to stop/change transactions, …

An open data ‘Sandbox’ built using a range of decentralised technologies from the Outlier Ventures ‘Convergence Stack’, potentially including Sovrin, Ocean Protocol and Fetch.AI.

As we wrap our series on the Discovery Phase, it needs to be stressed that token design is not only about systems design thinking. Incentives and mechanism design are only part of the equation.

One of the big downsides of the Crypto Winter is that ‘falling tides lower all ships’. Many promising projects are experiencing difficulties, while at the same time, the advisors and support networks they rely on are rapidly disappearing, and at a moment when they and the industry as a whole need them the most to ‘cross the chasm’.