"Cryptoeconomic Design" TAG

Akon City, a self-described ‘futuristic cryptocurrency themed city’ proposed by the musician Akon, recently announced that it has awarded a $6 billion contract to KE international, an American engineering and construction firm, having raised an initial $4 billion from private investors. Akon City’s local economy will rely solely on cryptoassets, namely using the singer’s quasi-eponymous ‘Akoin’ token as...

Smith + Crown has been studying and practicing cryptoeconomic design for over six years. This article, adapted from a recent webinar, introduces cryptoeconomic design, highlights its potential, and shares frameworks developed by Smith + Crown useful for understanding, researching and applying cryptoeconomic design.

  Key Takeaways: Value transfers is extremely common among SCI Signals projects (and the industry more generally), yet these can be subdivided into a broad range of functions including cryptocurrency, payment tokens, and discount payments. The payment token has been a predominant token design, and most conversations about utility token value proposition and valuation methodologies...

Key Takeaways Choices in token distribution strategy are early signals of how different kinds of contribution will be valued and how contributors are likely to be treated. Given its impacts on sustaining key contributor support, fairness is a quality worth consideration; rightly or wrongly, it will be a quality by which a project is judged....

Key Takeaways Incentives help secure distributed systems Incentives are instantiated in tokens ICOs obscured the potential of tokenized ecosystems S+C will be publishing a series on its insights into and methods for cryptoeconomic design This piece is an adaptation of a talk Smith + Crown gave at Hong Kong Blockchain Week. The talk introduced some...

Introduction One of the most important questions in evaluating a token sale is “What is the role of the token being sold?” Often, answering this question is not easy. Tokens can be designed to perform a variety of different functions or grant holders a wide array of privileges. This diversity distinguishes investing in token sales...