Introducing the Tokenomics Design Framework
DIY your token, our community has got your back.
Most cryptocurrencies fail because the token design process is complex and not well defined.
That's why we created the Tokenomics Design Framework - a DIY toolkit to design your own token.
Your token, in most cases, is not your product. That's why you need to start by looking into your actual business.
Get crystal clear on your value creation process.
Next up: Token Evaluation.
You wouldn't be looking into Tokenomics without at least some idea of what a token can do for you.
Why do you even want a token?
To design your token you need to understand:
- who will be the users of your ecosystem
- what are they doing
- what motivates them
- what value are they creating?
Tokens help you to coordinate and incentivize your users.
Think about the most important outcomes that will make your project successful. This is likely where you can spend tokens as an incentive.
If you can create a mechanism that will reward overall success, even better!
Obviously, you would like to have some of the value your project creates accrue to your token.
Therefore, you need a mechanism to keep supply and demand balanced.
- Value Proposition is clear
- Mechanisms designed
- Supply and demand in balance
Time to think about who should receive your tokens. How will you avoid oversupplying the market over time?
We have a secret goal here:
We want you to document your tokenomics better.
Every project must clearly describe what its token does. If not, you will lose credibility with investors.
That's why we've added a Litepaper template: Publish your tokenomics with ease!
If you need help along the way, our community has got your back!
Reach out on our discord https://discord.gg/msHySHqrVN or choose from three professional support options.
You can download the latest FigJam template file here:
Follow us at https://twitter.com/tokenomicsdao to not miss out on updates and improvements.
We'd love to hear what you think and how we can improve this process.
Next up; Tokenomics Review & Post-Launch Tokenomics 🔥