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Independent research · Volume 1 / 2023

Observations in
Token Ecosystems

Avoiding a race to zero.

By

Start with Chapter 01

2023 edition · Read the complete report online

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Inside the report

Read the complete report online.

  1. 00PrefaceRead the web chapter
  2. 01Single token vs multi-token ecosystemsRead the web chapter
  3. 02Earning economiesRead the web chapter
  4. 03Fixed supply vs mintable token economiesRead the web chapter
  5. 04StakingRead the web chapter
  6. 05Algorithmically-backed stablecoinsRead the web chapter
  7. 06Protocol owned liquidityRead the web chapter
  8. 07Transaction taxesRead the web chapter
  9. 08Effects of token inflation and deflationRead the web chapter
  10. 09Value accrual mechanismsRead the web chapter
  11. 10The need for tokensRead the web chapter
  12. SSummaryRead the conclusion
  13. AAbout the authorRead the original biographies
  14. DDisclaimersResearch terms and limitations

Research published in 2023; examples and figures reflect that edition.

Arthur Iinuma

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Arthur Iinuma

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Research published in 2023. Examples and observations reflect that edition and are not investment advice. Refer to the 2023 edition for its complete disclaimers.