It fills us with immense pride to share that the Journal of the British Blockchain Association has released the tokenomics auditing framework created by our CEO, Dr Stylianos Kampakis.
Tokenomics, the exploration of token economies, has been a swiftly growing field since its inception around 2017, driven largely by the expansion of Ethereum and the opportunities it presented for token creation. This prompted the establishment of synthetic economies with unprecedented incentive structures. By the year 2018, the value of tokenomics in the realm of Web 3.0 had been widely acknowledged, fostering innovations in blockchain technology such as Decentralized Finance (DeFi), represented by both successful implementations like lending and borrowing protocols and less successful experiments such as Terra/Luna.
As the reach of blockchain technology broadens, the focus of tokenomics is migrating from basic utility-oriented designs towards intricate, interconnected economic systems. A key emerging trend in this landscape is tokenomics auditing – a practice dedicated to scrutinizing and recommending enhancements to token economy models that often become too convoluted to appraise in a practical setting.
The emergence and growth of tokenomics auditing signifies a move towards more standardized practices in the field. While the approach still retains a degree of subjectivity, there is a burgeoning drive to establish an objective auditing framework that’s backed by expert consensus. Such a framework would offer a methodical approach for auditors, enabling them to scrutinize and rate token economies based on universally accepted criteria.
If you are interested in tokenomics auditing or design make sure to get in touch!
