RE: Considerations for Coin or Token Valuations in the Crypto Space: Token Economics

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Considerations for Coin or Token Valuations in the Crypto Space: Token Economics

in cryptocurrency •  6 years ago 

Very good approach indeed. A similar approach has led me to understand the superiority of the steem blockchain and its cryptoeconomic model.

I was very surprised, in a positive way, when my conclusions were confirmed by probably the best magazine on the planet, The Economist

The most elaborate working crypto-economic model, however, is Steemit, an online forum which rewards its 1m or so registered users for posting contributions or rating content with real money in the form of steem, another sort of token. One type is liquid and can be cashed out using an exchange, which is meant to provide near-instant gratification and attract users. The other, called “steem power”, is less easily convertible and supposed to keep members engaged: the more they own, the more weight their votes have.

The Economist, June 30th, 2018

Steem is virtual economy with an internal currency and mechanisms for capital allocation via delegation. I wrote a short analysis of the steem cryptoeconomic model (complete with a short animation) here, would be glad to have your opinion on it:

https://steemit.com/dlive/@sorin.cristescu/4ea98525-aef8-11e8-91f1-0242ac110003

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