MultiversX Tracker is Live!

Books/articles on token design and emmittance: supply, initial price, burn, airdrop, etc.

Etherum Reddit

More / Etherum Reddit 88 Views

All you get if google "erc20 token design" or variations of it is a million bullshit tutorials on how to create and deploy your own token. This is not what I need.

For context: I'm working on a project that uses a utility token (this is what I think it is called when the token is extensively used on the platform itself and is an integral part of it). It is used for staking to prevent sybil attacks and for rewards and punishments. In the future it might also be used for governance, but I haven't fully decided yet. I'm close to lauching on a testnet. But until now I've been kind of neglecting the token itself. For testing purposes locally I just mint a bunch of tokens to one account and then transfer from it when necessary. Stake, penalty, and reward sizes are basically just from the top of my head, no serious thought given on exact amounts. Stuff like that.

I intend to have an extensive testnet period to finetune various aspects of the design (necessitating redeploys obviously) before going live on mainnet.

Now that I'm close to launching pre-alpha I started thinking about the token design and the actual economics behind it. But I am not an economist. I'm not even sure that experts on tokenomics or whatever it's called actually exist.

So if you have your own token, how did you decide on: how many decimals to have, whether to use fixed supply or not, distribution strategy, etc.

Please suggest articles and books on the topic.

submitted by /u/rho9cas
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments