As the field of Token Engineering evolves, it is common for projects to be unsure if they can be considered Token Engineering projects. To provide clarity, we have outlined a set of criteria that can help you determine if your project falls under the scope of Token Engineering.
A few things you can look for:
- Token Economy Design: Your project involves the design, analysis, and implementation of token economies. This includes defining token utility, distribution mechanisms, incentive structures, and governance protocols.
- Blockchain Integration: Your project integrates or plans to integrate blockchain technology to enable token-based interactions, secure data management, and decentralized decision-making.
- Mechanism Design: Your project employs mechanism design principles to align incentives, encourage desired behaviors, and create robust systems.
- Economic Models and Simulations: Your project utilizes economic models and simulations to study the behavior of the token economy under various conditions and to optimize system parameters.
- Smart Contract Development: Your project involves the development of smart contracts or other blockchain-based protocols to implement the designed token economy.
- Governance and Decentralization: Your project emphasizes decentralized decision-making, community governance, and participatory structures.
- Interdisciplinary Collaboration: Token Engineering projects often require collaboration between experts in various fields, such as economics, computer science, game theory, and social sciences.
- Open Source and Transparency: Your project values openness, transparency, and the sharing of knowledge and code within the community.
Recommended Readings - TE Classics and Industry Resources
Here are some essential readings and resources to deepen your understanding of Token Engineering:
Towards a Practice of Token Engineering
On the Practice of Token Engineering, Part I: Enter the Token Engineer
Token Engineering 101: Why Engineering is Necessary.
Engineering Ethics in Web3
Foundations of Cryptoeconomic Systems