Published inCoinmonks·Pinned7 reasons to launch a token?Why launch a token? — Tokens¹, the ability to add a commercial, interchangeable, asset to a community, protocol, company or DAO is one of the biggest innovations in web3. Tokens have many use cases and reasons for why to launch and add a token to a web3 project. The core premise being that they enable…Tokenomics11 min readTokenomics11 min read
PinnedWhy token prices dropMost crypto projects’ tokens drop 90%+ within two years of launching. — Why? It’s the supply and demand! Isn’t that why prices drop everywhere? Too much supply, not enough demand? True, but in this article we’re going to dive deeper into how tokens allocated to insiders consistently prove to be the bane for web3 projects’ token prices. Like clockwork, when the vesting…Web38 min readWeb38 min read
PinnedHow to build a moat in web3?How to build a moat in web3 The playbook for competitive moats for traditional companies has already been written. Hamilton Helmer’s ‘7 Powers’ has emerged to be a popular favorite, but other frameworks abound. When you’re building in web3, you’re (hopefully) buying into the web3 ethos: open, permission-less innovation and avoiding user lock in. You’re building, knowing…Web38 min readWeb38 min read
Published inThe Startup·PinnedBootstrapping to Grow to 10,000 Users Part 1: The Marketing Playbook FoundationsGrowing a B2C startup is hard. It’s even harder when you’re bootstrapping growth, have no resources for paid advertising aka growth marketing and when you’re not part of the ‘in’ influencer crowds on Twitter, Clubhouse, Instagram and YouTube (which you should start working on right now by the way). But…Startup9 min readStartup9 min read
Aug 25The friend.tech case study: bad incentives lead to bad outcomesCrypto economics deal with incentives, game theory and mechanism design because incentives matter. Good incentive designs lead to good mechanisms and product outcomes. Bad ones lead to the reverse. Despite the current hype about friend.tech, the incentives on the app have been misdesigned and will lead to bad outcomes. There’s…Token Economy8 min readToken Economy8 min read
Published inCoinmonks·Aug 14How solo creators and builders can use tokensThe promise of using tokens to jumpstart businesses, communities and creators has been a huge area of opportunity. In theory tokens can help bootstrap growth, get a community of fans engaged in helping build a product or diversify and increase offerings to fans and users. In this article I’d like…Tokenomics11 min readTokenomics11 min read
Jul 28Practical takeaways from the US draft crypto market structure billThe house financial services committee put out a massive 162 page crypto markets structure bill. It’s massive because it takes a swing at redefining how US law approaches a whole new asset class, by creating a new asset class: digital assets. These assets can be unique in that they start their life out as a security and change into a commodity like asset as they achieve decentralization. — What are the principles behind the legislation? I’d say they’re:Tokenomics4 min readTokenomics4 min read
Feb 10Why Gary Gensler is right on KrakenThis week the SEC filed a suit against Kraken, the crypto exchange, alleging that their staking product is an unregistered securities offering. In response, Kraken has suspended their staking product in the United States. …Token Sale5 min readToken Sale5 min read
Published inCoinmonks·Jan 8Designing Tokenomics checklistSo you want to launch a token and are lost on where to start? Here’s the checklist for designing your tokenomics from start to finish. Figuring out your business Understanding why you need a token Building your token model Tuning the supply and demand dynamics of your token Token and…Tokenomics4 min readTokenomics4 min read
Dec 28, 2022DeFi and the 1837 crashBooms and busts are not new phenomena. As Mark Twain said: history doesn’t repeat, but it rhymes. This is definitely the case for financial history. …Token Economy3 min readToken Economy3 min read