New Year's Special Series: When the Rubber Hits the Road
Live Sessions ahead on Token Model Generation & Cryptoeconomics Patterns
Starting 27th Dec. we’re getting together for 3 sessions for synchronizing and getting feedback from pracitioners and aspiring token engineers on the practicability of the content of Chapters
Token Model Generation
Session 1: Bird’s Eye view on the track;
Session 2: Finding out what value(s) the token will capture and how (announcement, recap);
Session 3: Embarking on the Everlasting Experiment - a live token network.
Scroll down for the outline of the first session, which we will update with recordings and some notes. So make sure to be subscribed to get the updates to your inbox:
Session #1: Overarching Process
Bootstrapping a Token Economy has very worldly steps that need to be taken. Before those however, warming up with early adopters to actually co-design the token economy is crucial. Chapter 3 “Cryptoeconomic Patterns” and Chapter 4 “Token Model Generation” provide the foundations on how to go about the co-design in such a dynamic environment.
In this first session, we want to provide an overview so you can sort the tools, communication channels, and reach out to the people in your network you will need to get started. Or if you are already in the midst of it, to make sure you have all connected in space and ready to take with you a more concious, least resistance - most resonant viable path for bootstrapping the token economy from right where you are now.
Realities of execution of any model
Community-first (the mode of co-creation)
Financial engineering (sustainability, potential, topology)
Legal engineering (legal transcoding of model and topology)
Software engineering (from model to specification to experiment-driven development and deployment)
Think of the above as buckets, if anyone of them is empty it will create a block or worse drain of energy and valueflows until it is taken care of. That’s all we need to say in this session, but it has to be said.
Then we will go into the Cryptoeconomic Patterns, possibly along an example to give a lay of the available different-by-design Value Capturing Mechanisms:
work “staking” token,
protocol consensus token,
backing by another asset(s),
internal product governance,
Before we dive into the Community-first co-creation of the model, it is important to remember that if the token is floating out there on a permissionless ledger, then
The token is your product, too.
If you don’t like that do not issue a token on a permissionless ledger.
If you dislike it, but believe there is a way not to be at the mercy of Mr. Market but actually share the value that can be captured with the global community you want to have a token with, then be ready to divorce your worldview (on friendly terms), open up to all worldviews in your community (+ that of Mr. Market unless that was your community like for most of DeFi) and enter the third section of the evening / soiree session:
Token Model Generation
Got Game? and other icebreakers to start Dancing with Systems
Player, playing pieces, motivations
Infinite, finite games: what’s the win and is that all?
Why will we play this game?
Identifying value stock, flows, and actions that trigger those flows
Feedback mechanisms (this will translate into Value Capture Mechanisms of Chapter 3)
Bootstrapping along the Rainbow (Canvas)
Sensemaking Sessions (will cover some of the execution necessities, too, but mostly support group, finding ethos, adapting to changes)
Radical Agile (back to the roots of Agile ) for bootstrapping (0 - 1 - 2*) and collaborating in decentralized organizations with skin in the game.
How will you know you have a viable model? Resonance Test & Experiment-driven Development and Deployment.
Hey, that’ll be a lot to cover on an overview. But we believe it’s important when the rubber hits the road, you have the bird’s eye view of the track. In the next two followup sessions, we make deep dives into the areas that are most interesting to participating practitioners. We look forward to your suggestions and questions.