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crab notes 🦀 lobsterdao crab notes 🦀 lobsterdao @crab_notes · 8.04K subscribers
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​​​​Token incentives

I finally got myself to do what I have been trying to start for months: research token economies in a more structural manner. Every day I keep getting more convinced that this space is not as much about the pure technology, but more about token economy designs, meaning economic incentives. That’s what makes the thing function!

Have you seen projects do great tech and being somewhat adopted, but their token does not reflect the progress at all? That’s it. Of course, we are still in the birth stage of that, but it is imperative to make sure that we design the systems in such a way where a token is imperative. That is subjective, but we are trying ^^

And it’s so clear that nobody really gets this at all, which what Coinbase proved yesterday as well: adding tokens not based on what they are about, but based on the companies behind them, which is absolutely ridiculous considering what people buy is actually actually a token! This is not equity guys, that’s not how this works

We will look at different projects, try to re-design their token systems, and figure out how to make people do what we want without external control and trust, like it is done nowadays. Researching articles and documents, figuring out game theory, looking at all interesting game designs and so on. Token design is the most fun thing, join us! t.me/tokenCODE
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