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We believe, we are striding into the next phase of human evolution where technology negates Here is a breakdown of how the Merge actually impacts the supply of FRM and current FRMx and cFRMx holders and stakers. When evaluating a network on the other hand, especially one that has not garnered the attention of builders, users, and validators, one will want to understand how they intend on attracting such participants. - All 5 tokenomics scenarios unlocked We strongly discourage this. We can just set the parameterk as the proportion of tokens that are not being actively exchanged within a given time window, and hence we can directly estimate velocity (and the holding time). Developed by the industry top tokenomics experts and starting at the best possible price - free. These are examples of decisions our Governance Committee can help us decide. We strongly believe that these updated tokenomics put us in a position to achieve our long term vision and goals. Take the relationships between Moonriver/Moonbeam or Karura/Acala or Shiden/Astar for examples. With our reserves having a half life similar to that of Bitcoin, we believe that there will be enough of an incentive to reward early adopters of the network. Hacken, a Web3 security company, has released the Hacken HAI Tokenomics update. All models optimize for sustainability first and foremost. Given that, we can calculate the price of token as follows. Well-performing crypto projects have their ecosystem built around their tokens. This presents us with an incredible opportunity. When a token has strong tokenomics, its demand is naturally high. Imagine where Ferrum could go if people didnt have to decide between two tokens. This includes but is not limited to areas such as Exchange Liquidity & Market Making, Bridge Liquidity, Ecosystem, and Mainnet and Parachain Fund. AI FOR BUSINESS TRANSFORMATION: How AI can make your business 2X more profitable. This prompted us to dive deeper into the pros and cons of the 2 parachain approach. In the final section, well explore the fundamentals of token economy design for your blockchain project. Security Tokens - Security tokens are securitized cryptocurrencies that can be traded under a financial regulation as security. Firstly, it is simply a mashup of two words token and economics. So, whereas higher holding times will cause an increase in value, in the extreme case where everyone is holding the token, then the total value of transactions would reach zero. No. The recent updates in the NFT domain are quite surprising. Tokenomics is an integral aspect of any crypto ecosystem, allowing projects to prevent bad actors, establish trust, and build a strong, long-term ecosystem. Please visit our career page This makes calculations conceptually easier for an ICO. The tokenomics model depends a lot on the tokens represented in form of cryptocurrencies. The arrival of Ethereum gave a substantial boost to the concept of tokens with cryptocurrencies. In the cryptosphere, tokens can be treated as another word for cryptocurrency or crypto assets. Track your favorite coin easily with CoinGecko , Password must contain at least 8 characters including 1 uppercase letter, 1 lowercase letter, 1 number, and 1 special character. Exchange Liquidity & Market MakingFerrum has done a great job of reaching different types of holders across multiple centralized and decentralized exchanges alike. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. The General Tokenization Manifesto specifies the standards to successfully launch an ICO and STO. Ferrum intends to follow this same approach by launching the Ferrum Network on Kusama first. The world is changing rapidly, and the world of crypto is leading the change. Approved by As technology advances, it may help you outpace your competition and grow your firm. Thats an extra 2 years that Ferrum has added to the vesting for their own tokens. Hopefully over time, the token prices will appreciate due to increased enthusiasm from buyers in anticipation of future success or usage metrics fulfilling their potential promise as stated on paper by the design team. Layer 2 tokens can be new tokens or more complex dApps project tokens. In terms of CEXs, were happy with being listed on Kucoin, Gate.io, and Ascendex. How to Analyze Crypto Tokenomics. Based on your inputs, our AI-powered algorithms will run through millions of possible setups for your tokenomics and finally produce the 5 different tokenomics scenarios optimized for different purposes. Economics is generally the study of scarcity and choice in relation to the use of resources, production, consumption, and transfer of wealth. Early on in a networks existence, transaction fees alone will not suffice as a rewards mechanism since transactions may be few and far between. However, getting started with the tokenomics design can be quite overwhelming. Set the total number of tokens M. Set the expectations factor. It has long been the goal of the team to make FRM deflationary by way of the network as well. For this, we recommend our partners at FinDaS.org who are world-leading tokenomics experts and helped us build this tokenomics calculator. Hence, if, lets say, we are using a monthly time window, and we set r=12, then the logistic curve will look like that over time. CoinGecko provides a fundamental analysis of the crypto market. WebTokenomics Calculator will help you understand tokenomics better, calculate token metrics and experiment with numbers while modeling the balanced token economy that matches your business model and can help it scale! WebTokenomics the topic of understanding the supply and demand characteristics of cryptocurrency. No content on our Site is meant to be a solicitation or offer. Its through tokenomics that a cryptocurrency project can be evaluated based on its real-life performance and not just the performance of crypto exchanges. Balanced one (closest one to your initial inputs, balanced monetary policies) Unfortunately, we cannot offer model interpretation services or support. Purchase with crypto We accept crypto payments , however they are not fully automated yet. As Web3 moves towards a more HOW TO GAIN INVESTORS TRUST IN YOUR ICO, STO ? To find out more about the cookies we use, see our Privacy Policy. The world is changing rapidly, and the world of crypto is leading the change. Since the market price of FRMx is $570.88 and the market price of FRM is $0.06635 to calculate the amount of newly converted FRM tokens that the user will receive in exchange for their FRMx tokens, we can plug the variables into the x1 formula: The user will receive approximately 17208.138658628485305 FRM tokens in exchange for their 2 FRMx tokens. This is important for maintaining the integrity of the Ferrum ecosystem and ensuring that the Merge is fair for all existing holders of both tokens. Tokenomics provides investors with an initial understanding of the value of the project, particularly the supply and demand of the token. There are some questionnaire inputs which severely limit what the model can produce, for example: very low risk tolerance or having no token sale. This refers to how users can engage in transactions within the market, utilizing the designated transaction protocols. Market capitalization (or "market cap") is the sum of total funds invested in the project. The technical storage or access that is used exclusively for statistical purposes. PresalesThe minimum requirement for Presale participation is now 30,000 cFRM staked in Crucible. How many tokens are released via the Merge will determine how many tokens will be released every expansion period from the reserves (aka the uncirculated supply). However, more on how the Treasury will be funded by network activity will be discussed in the section surrounding Ferrums Monetary Policy later on in the article. This website stores cookies on your computer. Remember, in order for a network to gain adoption, there needs to be a large enough incentive for early adopters. Free version: To calculate the fees generated for each month, we need to multiply the transaction volume for that month by the transaction fee: Fees generated for each month = Transaction volume * 0.1. Utility Tokens - These are cryptocurrencies representing a value on a blockchain network. We employ a unique data-driven approach to tokenomics, rather than the usual "what is currently popular". We can model this using an S-adoption curve and the following equation: Where S(t) is the expectations curve, which can simply modelled as a modified version of a logistic function. Set the total number of tokens M. Set the expectations factor. They represent any crypto that isnt bitcoin or ether. Regarding tokenomics auditing, I am very proud to say that I performed the first audit of its kind for the BankX token, which you can find here. Its important to note that Kusama parachains are much more inexpensive to secure meaning we likely wont need to give up many tokens, if any, by way of a crowdloan. A million dollars a year in revenue from a suite of Blockchain as a Service products simply will not cut it when it comes to maintaining a network and incentivizing behavior on a network. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Layer 2 Tokens - Layer 2 tokens are crypto tokens without their own native blockchain networks. Even the founder of Parity, Gavin Wood himself, in an interview with Space Monkeys Crypto Podcast at Polkadot Decoded Buenos Aires, mentioned his disapproval of the 2 parachain approach, when he says one of the things thats happening wasnt something that I foresaw and its not something that I necessarily think is a good idea, is that teams often times launch 2 networks. Hence, for the first few months the price will be equal to the ICO price, as the equation above be roughly equal to: Regarding the modelling of uncertainty, there are two ways to improve the model. To calculate the fees generated in one year: To calculate the number of transactions in one year, we need to multiply the initial transaction volume by the number of days in a year: Number of transactions in one year = 100,000 * 365 = 36,500,000. We took down our outdated version. All wallet addresses who hold FRMx or cFRMx on any network will be receiving their cFRM on Arbitrum! To avoid excessive use each user is limited to 1 free tokenomics calculator per 3 months. We've compiled a checklist for the fundamentals of creating a Crypto Lending Platform in our whitepaper. The utility is one of the most important aspects of any token. Tokens could serve different functions in a network other than serving the role for trading assets only. A minimum payable fee. In this whitepaper, weve rounded up a checklist for the basics of launching a DeFi staking platform. Tokenomics= Token + Economics Tokenomics is simply the quality of a token that creates demand for that token from investors. To recap, in our model we assume that we know the following: Note that while point 2 is the most difficult one, we can always run different scenarios, in order to figure out how the price will react. We are giving you the next best thing, for a fraction of the cost. If you use the full version of the model and decide that you want the service of a tokenomics expert, our partners at FinDaS will do this at a discount. We are one of the first companies to provide blockchain development as a service. To find out more about the cookies we use, see our Privacy Policy. So how do you solve for this? Layer 2 tokens generally function to scale decentralized applications in a network. That's what tokenomics is all about. Aiming to make the ICO community self policing in order to make them capable of solving the problems encountered by ICO domains today. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Some of these are: However, valuating a token economy is not the final step in tokenomics design. Fungible tokens essentially have the same value and can be interchanged with one another. This website stores cookies on your computer. You also need to ensure that a token can appreciate in value, and also to audit the token economy to ensure that there are not any weak points. Frankly, it confuses people who are new to the ecosystem. Where r is theexpectations factor. We can easily assume that at t_0 the price of the token is equal to the sale priceduring the ICO. Due to the fact that BEP20 FRM is a non upgradeable token contract, Ferrum is taking the opportunity of the Merge to continue its multichain endeavors. The initial step is establishing a token policy, which defines how the tokens will be governed and include token valuation and monetary policies. If you have already developed a product that is not functioning as intended, allow us to help you bring it to market quickly and efficiently. Please visit our career page If you are interested in topics such as tokenomics, blockchain, DeFi, but also data science and AI, make sure toget in touch. While we knew this was in the best interest of the network long term, we wanted to ensure that our existing community of both FRM and FRMx holders werent adversely affected. These cookies are used to collect information about how you interact with our website and allow us to remember you. the human miseries and we humans can work towards sustaining humanity. 4. Note: The APRs do not account for any sort of Crucible transaction fee. Hacken, a Web3 security company, has released the Hacken HAI Tokenomics update. WebGet the most powerful tokenomics calculator template & simulation available, including future token price predictions and project sustainability scores. This pool will then be distributed with 80% going to QPMs and QPVs and the other 20% going to the Treasury. What are the calculator file permissions? Unfortunately, not. If you purchase one of their tokenomics packages, you get a way more detailed tokenomics and they can fully support you with interpreting and fine tunning your project's tokenomics. However, Ethereums tokenomics model will likely change as the network transitions to a PoS consensus system. In the traditional economy, economists monitor the issuance of a currency using official money supply data. In the final section, well explore the fundamentals of token economy design for your blockchain project. We couldnt be more thrilled, and transparently, relieved that we were able to find a solution to this problem. See an example of an unlocked calculator. However, if from the beginning, miners were relegated to solely receiving transaction fees as opposed to newly mined BTC, nobody wouldve ever participated in the network. Tokenomics has become a popular term in the last few years to describe the math and incentives governing crypto assets. On Wednesday, March 8th at 16:00 UTC we will also be opening the following traditional staking pools where you can stake FRM and earn cFRM rewards. Rebuild The Chain - pandemic management system built by our team offers a smooth operational platform for the health authorities. The circulating supply is the number of tokens currently in circulation, while the total supply is the total supply of tokens that have ever been created or burned. This will also add to Ferrums goals of maintaining a deflationary token economy as each time cFRM is transacted, tokens are burned. The main utility of a token is established by the use of the token in exchange for services or products. It provides a new way to estimate holding time/velocity, as the proportion of tokens that are being held as a store of value. interact with our website and allow us to remember you. The team is in it for the long haul and have agreed to increase the duration of the Team token vesting period significantly. How to Analyze Crypto Tokenomics. It includes everything about the mechanics of how the asset works, as well as the psychological or behavioral forces that could affect its value long term. Well also look into the process flow of the staking platform, a roadmap, and many more that can help you understand the basics of launching a DeFi stacking platform. Most importantly however, we feel that the newly designed tokenomics,monetary policy, and Whitepaper will help set Ferrum Network up for success as we push forward toward mainnet and our vision of Interoperability 2.0! 2. Of course, you can simply stake the cFRM rewards that you generate in Crucible! After that, based on your input, you will get several different tokenomics scenarios: In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Our experts will provide a detailed response within 24 hours. We run several thousands of tests each week on our models in order to make sure they are correct and produce the best possible results. Unfortunately at this point in time, we are unable to offer more specific permission (e.g. Theres also an additional 1.75 Ether per uncle block with fees being rewarded to miners. Do you want to learn how to build an NFT marketplace platform from the ground up? Given that, we can calculate the price of token as follows. These two values are then added together to give the total supply of FRM after the Merge (p). This tokenomics calculator is created in partnership with FinDaS - world leading tokenomics experts with more than 220+ projects of experience. HOW TO GAIN INVESTORS TRUST IN YOUR ICO, STO ? You can however export the tokenomics description part + all the charts and numbers as PDF in the paid version of the calculator. In particular, after transforming its community into hDAO, the company plans to give away 10% of its equity for 100,000,000 HAI tokens. It is important to remember that this is a merge of two assets within the same ecosystem as opposed to the inflation of the overall value of the token economy. A proposed way is to assume that users will not accept a worse price than the price they bought in for a period T. This means, that the token value will not drop below the ICO price for some period, but will eventually converge to the true valuation. Are you wondering how to move forward with Crypto Exchange development? For example, if a project's tokens are primarily owned by its founders, they will have significant control over the project's governance and could make decisions that are not in the best interests of the network as a whole. Hope you enjoy his writing. Drop in a word if youd like to chat about designing tokenomics for your project or if youd like to access the old version. Only after thoroughly launching the various components of mainnet, tweaking and altering elements based on insights gleaned through our iterative build-measure-feedback process, and then stress testing everything, would we decide to migrate Ferrum Network AND FRM to Polkadot. When evaluating a dApp, one may look to see how many of the tokens are in circulation relative to the total or max supply. Such factors include the tokens creation and distribution, its supply and demand, incentive mechanisms, as well as its burn schedules. To curb the COVID-19 crisis a reliable pandemic management system is necessary. He has worked with decision makers from companies of all sizes: from startups to organisations like, the US Navy, Vodafone and British Land. other media. Yes, you can! This will reduce both potential sell pressure and emissions of FRM upon the Merge. The circulating supply of FRMx is extremely low relative to its total supply. If you remember earlier in the article there was a section regarding retaining enough reserve tokens to ensure the success of the network. they will not be valid for the new project). Get the most powerful tokenomics calculator template & simulation available, including future token price predictions and project sustainability scores. Before making a payment, we recommend that you go over our terms and conditions. A tokens value can be indicated by the fully diluted market cap, which is essentially a product of the tokens maximum supply and the current market. Numerous aspects, including token supply, utility, distribution, incentive mechanism, and development team expertise, determine Tokenomics design costs. This document contains technical specifications, a feature list, and other useful information for your NFT project. Given that, we can calculate the price of token as follows. This way we ensure that our models are accessible to everyone. This approach accomplishes something similar to Bitcoins halvening only through PoS mechanisms. When developing a crypto project, the founding members and developers must be keen to consider the tokenomics of the projects native coin as it can make or break the project. The expectations curve can be based on real data. He has worked with many different types of technologies, from statistical models, to deep learning to blockchain and he has 2 patents pending to his name. Token distribution should ideally be diversified to ensure that no single group has too much power and that the project can remain decentralized and neutral over time.