Game Theory and Governance of Scalable Blockchains for Use in Digital Network States
Chapter 23. A New Model for Start-up Funding
- DAO / Mining token / fix Gov token supply model / self-funding with DAO's
- Purchasing from the chain
- Liquidity and value through miner token purchasing, staking, and infra operation
- Starting a new decentralised project
- Things you want to see in the funding of a project
- Team
- Go under the radar, low-value tokens at the beginning
- Easy to distribute tokens (by delegating or ISHD)
- Aligning everyone's incentives
- No initial founder tokens
- Equal opportunity mining
- Rebel against vested founders
- Who do you give the tokens to and who decides?
- Choice of community
- Token Drops vs GPU mining
- Founders don't end up with majority of supply
- Community supports founders
- Monitoring the decentralisation of the project in the early days
▶️ 3Speak
Transcript ⏬