This is a chapter from the Token Economy book series. All subchapters are collapsed under their subchapter headings to make the page more readable. Find copyright information on this text and about the book an the end of the page.
<aside> 🦚 The governance of DAOs is closely tied to the design and distribution rules of its network-native and purpose-driven tokens, which steer the actions of its stakeholders with automated incentives and/or disincentives. This chapter will define the term “purpose-driven token,” describe how the term “engineering” is being used in the context of design of tokenized coordination mechanisms by a growing “token engineering” community, and how the term overlaps with other terms such as “cryptoeconomics,” “cryptogovernance” or “token economics.” The chapter will furthermore outline which knowledge domains are relevant when conceptualizing a new token system and – depending on what type of token one aims to create – which questions are relevant to achieving this goal.
</aside>
<aside> 📖 This is an excerpt from the book “Token Economy: DAOs & Purpose-Driven Tokens” Author: Shermin Voshmgir
LICENCE: Copyleft 2024, Shermin Voshmgir: Creative Commons CC-BY-NC-SA This license allows reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator. If you remix, adapt, or build upon the material, you must license the modified material under identical terms.
For commercial use contact: [email protected]
BibTeX: @book{title={Token Economy: DAOs & Purpose-Driven Tokens}, author={Voshmgir, Shermin}, year={2024}, publisher={Token Kitchen} }
</aside>