create account

Token Economics / Token Craft - Reservoir by aggroed

View this thread on: hive.blog |  peakd.com |  ecency.com
tribes · @aggroed ·
$69.32
Token Economics / Token Craft - Reservoir
I've written on token economics a few times.  Sometimes it's in reference to tribes on hive-engine/tribaldex.  Other times it's in reference to Splinterlands.

# Token economics basics

At the most fundamental level of creating tokens you have to worry about 3 things:  faucets, sinks, and use cases.

1.  A faucet is where the tokens come from.  There's typically a smart contract that's minting them for some reason.
2.  A sink is typically considered a burn case for the token.  When you burn that token and it's permanently gone what thing does it provide you?
3.  A use case is what can you trade the token for or how you can use it.  Some of this is just basic trading and using a token as a store of value. In other ways it can get you goods and/or services.  In other ways it can help you earn.

# That's old news; Today I'm adding another basic thing to consider "Reservoirs"

You should already know what this word means.  it's a big body of water that towns and cities rely on to get fresh drinking water.

In this context I'm considering it a benevolent place where a crap ton of tokens can be stored for a long period of time.

You could argue that the Hive DAO is a reservoir (if you believe that the projects it funds are generally for the benefit of everyone and a useful deployment of funds).  I'm not personally convinced the spending is appropriate, but at least you can get the sense of something that might be reservoir like.

Another example is the Splinterlands Corporation for the SPS token.  Splinterlands takes a variety of tokens as payment and actually uses those tokens in different ways.  Sometimes splinterlands takes tokens as income when it sells card packs.  Sometimes it burns tokens.  Sometimes the tokens go to the DAO.  Overall though, splinterlands accepts SPS as a payment token.  By doing this it's built up a large holding of SPS tokens.  The company does not just randomly dump them back on the community but it also doesn't burn them.  So, it continues to build what I'm calling a Reservoir of tokens.

# What do you do with this information?

Ok, I see 2 use cases.  You're thinking of apeing into some coin.  I would encourage you to think through what are the faucets, sinks, use cases, and reservoirs that exist for that token before diving into it.

Also, I see this information may help you as you design token economics in your project.  Why will you mint it?  What will it do?  Can you burn it for something cool?  Is there a benevolent body that will be a large holder or buyer of last resort.

These are just concepts for you to think about as you make or buy tokens.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 445 others
properties (23)
authoraggroed
permlinktoken-economics-token-craft-reservoir
categorytribes
json_metadata"{"app":"peakd/2022.07.1","format":"markdown","description":"Thinking about token economies","tags":["tribes","hive-engine","hive","palnet","tribaldex"],"users":[],"image":[]}"
created2022-09-10 20:40:03
last_update2022-09-10 20:40:03
depth0
children9
last_payout2022-09-17 20:40:03
cashout_time1969-12-31 23:59:59
total_payout_value34.728 HBD
curator_payout_value34.587 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,621
author_reputation1,258,335,829,240,616
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,499,927
net_rshares96,743,682,825,964
author_curate_reward""
vote details (509)
@cryptobrewmaster · 
Dear, @aggroed

May we ask you to review and support our @cryptobrewmaster GameFi proposal on DHF? It can be [found here](https://peakd.com/me/proposals/235)

If you havent tried playing [CryptoBrewMaster](https://cryptobrewmaster.io) you can give it a shot. Our @hivefest presentation [available here on the YouTube](https://youtu.be/DZ9MpQQoPu4?t=19996) with a [pitchdeck](https://docs.google.com/presentation/d/1x8eEoQIbNCTS5zQ6yfJ1SarLZz_BXinDVPOPebp4_-M/edit?usp=sharing) of what we building in general 

Vote with [Peakd.com](https://peakd.com/me/proposals/235), [Ecency.com](https://ecency.com/proposals/235), [Hivesigner](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22235%22%5D&approve=true)

Thank you!
properties (22)
authorcryptobrewmaster
permlinkre-aggroed-rivm0r
categorytribes
json_metadata{"tags":["tribes"],"app":"peakd/2022.07.1"}
created2022-09-27 16:05:18
last_update2022-09-27 16:05:18
depth1
children0
last_payout2022-10-04 16:05:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length734
author_reputation119,480,288,448,053
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,981,041
net_rshares0
@danokoroafor · 
wow, can't help but node my head while reading this grate piece of information. 
Thank you for sharing
properties (22)
authordanokoroafor
permlinkre-aggroed-2022911t63929534z
categorytribes
json_metadata{"tags":["tribes","hive-engine","hive","palnet","tribaldex"],"app":"ecency/3.0.26-vision","format":"markdown+html"}
created2022-09-10 22:39:30
last_update2022-09-10 22:39:30
depth1
children0
last_payout2022-09-17 22:39:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length103
author_reputation45,680,301,082,420
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,502,150
net_rshares0
@grindan ·
$0.47
The sweet simplicity of this post is helpful- As a newbie to Hive, and the entire concept of tokens, it can be a bit much to take in initially. Posts that outline how any of this works in great detail are vaguely words to me at this stage lol! I can stumble through participating in tokens a bit, but they confuse me still.

The Faucet issues, but sometimes there's a bowl in the sink that catches some of the water (the tokens being used for something) and sometimes it flows down the drain- that I can get! The analogy is good for an entry level spectator. Although I don't suppose I'll be a token whiz anytime soon, it is a cool incentive for new users like myself to be involved in communities/ projects! I'll keep learning about tokens just because of the fun things they seem to inspire!

Thanks for sharing @aggroed!
👍  ,
properties (23)
authorgrindan
permlinkre-aggroed-2022910t182136355z
categorytribes
json_metadata{"tags":["tribes","hive-engine","hive","palnet","tribaldex"],"app":"ecency/3.0.26-vision","format":"markdown+html"}
created2022-09-10 22:21:33
last_update2022-09-10 22:21:33
depth1
children0
last_payout2022-09-17 22:21:33
cashout_time1969-12-31 23:59:59
total_payout_value0.234 HBD
curator_payout_value0.233 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length823
author_reputation169,400,701,009,158
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,501,859
net_rshares653,526,006,813
author_curate_reward""
vote details (2)
@pal.alfa · 
What about the first Hive-engine token PAL? What about the PAL information? Faucet? Sink? Reservoirs? Future plans? Is PAL a ghost project?

Posted using [PALnet](https://www.palnet.io/@pal.alfa/re-aggroed-l7y30utj)
properties (22)
authorpal.alfa
permlinkre-aggroed-l7y30utj
categorytribes
json_metadata{"tags":["palnet"],"format":"markdown","canonical_url":"https://www.palnet.io/@pal.alfa/re-aggroed-l7y30utj","app":"palnet/1.2.0"}
created2022-09-12 01:24:12
last_update2022-09-12 01:24:12
depth1
children0
last_payout2022-09-19 01:24:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length215
author_reputation-63,947,255,075
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,535,340
net_rshares0
@poshtoken ·
$0.07
https://twitter.com/ilbiscom/status/1568715772788183041
<sub> The rewards earned on this comment will go directly to the people( @seckorama ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
👍  ,
properties (23)
authorposhtoken
permlinkre-aggroed-token-economics-token-craft-reservoir72910
categorytribes
json_metadata"{"app":"Poshtoken 0.0.1","payoutToUser":["seckorama"]}"
created2022-09-10 21:40:00
last_update2022-09-10 21:40:00
depth1
children0
last_payout2022-09-17 21:40:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.067 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length257
author_reputation3,943,441,642,946,652
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries
0.
accountreward.app
weight10,000
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id116,501,103
net_rshares190,532,565,088
author_curate_reward""
vote details (2)
@rentmoney · (edited)
Hi @aggroed,

Discord randomly stopped my account from interacting with discord today (9/20/2022). Which is the reason why I didn't finish the message I sent to you. It was a question regarding DEC transfers from Steem-Engine to Splinterlands in game. The option in game seems to be not working as I did a 5,000 DEC transfer from Steem-Engine to In game about 45+ minutes ago and it hasn't showed yet. I have another 398,000 I want to transfer, how do I proceed with future transfers? Sorry to bother you with this as I know its a very busy time in the Splinterverse.
properties (22)
authorrentmoney
permlinkriiud8
categorytribes
json_metadata{"users":["aggroed"],"app":"hiveblog/0.1"}
created2022-09-20 18:36:48
last_update2022-09-20 18:37:42
depth1
children0
last_payout2022-09-27 18:36:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length567
author_reputation327,300,923,374,612
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,787,637
net_rshares0
@seckorama · 
Yeah, that's the basics of tokenomics. 😎👏
👍  , , , , , , ,
properties (23)
authorseckorama
permlinkre-aggroed-2022910t22571546z
categorytribes
json_metadata{"tags":["tribes","hive-engine","hive","palnet","tribaldex"],"app":"ecency/3.0.25-surfer","format":"markdown+html"}
created2022-09-10 20:55:18
last_update2022-09-10 20:55:18
depth1
children0
last_payout2022-09-17 20:55:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length41
author_reputation459,120,767,892,215
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,500,199
net_rshares0
author_curate_reward""
vote details (8)
@yonnathang · 
You explained it as if it was for a child. Thank you. !luv
properties (22)
authoryonnathang
permlinkre-aggroed-2023223t121518489z
categorytribes
json_metadata{"tags":["tribes","hive-engine","hive","palnet","tribaldex"],"app":"ecency/3.0.31-vision","format":"markdown+html"}
created2023-02-23 16:15:18
last_update2023-02-23 16:15:18
depth1
children1
last_payout2023-03-02 16:15:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length58
author_reputation295,876,194,255,406
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id121,051,018
net_rshares0
@luvshares · 
@aggroed, @yonnathang<sub>(1/10)</sub> sent you LUV. | <a
    href="https://crrdlx.websavvy.work/" style="text-decoration:none">tools</a> | <a 
    href="https://discord.gg/K5GvNhcPqR" style="text-decoration:none">discord</a> | <a href="https://peakd.com/c/hive-159259">community | <a 
    href="https://crrdlx.websavvy.work/wiki/doku.php?id=start" style="text-decoration:none">HiveWiki</a> | <a href="https://peakd.com/nftforpeace/@hivebuzz/nft-for-peace" target="_blank"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/Epvkqd2sQEjZxu93x3A2J2fztKDarTY17qgMbpqWRV14NrfNBA6fu1jxtTkZztjXZKo.gif" target="_blank"></a> <a href="https://peakd.com/nftforpeace/@hivebuzz/nft-for-peace" target="_blank">NFT</a> | <a href="https://ichthys.netlify.app" style="text-decoration:none"><>< daily</a>
<center>Made with <a href="https://peakd.com/@luvshares" target="_blank"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/AKKSsM8HYHY5o4R1UPRdUADTz5QpsKAxSH5uyxsK4k1AJz5wsBqm7TfvA8aSCjE.png"></a> by <a href="https://hive.blog/@crrdlx" target="_blank">crrdlx</a></center>
properties (22)
authorluvshares
permlinkre-re-aggroed-2023223t121518489z-20230223t161535z
categorytribes
json_metadata"{"app": "beem/0.24.26"}"
created2023-02-23 16:15:36
last_update2023-02-23 16:15:36
depth2
children0
last_payout2023-03-02 16:15:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,073
author_reputation5,187,039,444,978
root_title"Token Economics / Token Craft - Reservoir"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id121,051,028
net_rshares0
Help/Feedback