Token design often fails to reward ownership to stakeholders in a way that aligns with how they uniquely provide value. Current designs grant the same form of ownership to all stakeholders, regardless of their role or value contribution to a protocol. This approach is potentially inefficient and limiting sustained user involvement over time. A solution is to explore a hybrid token model that assigns different forms of ownership based on the value contributed by users, founders, and investors ...

Token design often fails to reward ownership to stakeholders in a way that aligns with how they uniquely provide value. Current designs grant the same form of ownership to all stakeholders, regardless of their role or value contribution to a protocol. This approach is potentially inefficient and limiting sustained user involvement over time. A solution is to explore a hybrid token model that assigns different forms of ownership based on the value contributed by users, founders, and investors ...

Crypto founders face a challenge: Many want to give token ownership to users from the beginning, but as soon as they do, fear of regulatory action forces them to decentralize and distance themselves from their product. As Jesse recently pointed out, user ownership and decentralization are not the same; we should be able to have the former without the latter. This post explores an approach that would allow crypto startups to achieve user ownership while maintaining centralized control where ne...

Crypto founders face a challenge: Many want to give token ownership to users from the beginning, but as soon as they do, fear of regulatory action forces them to decentralize and distance themselves from their product. As Jesse recently pointed out, user ownership and decentralization are not the same; we should be able to have the former without the latter. This post explores an approach that would allow crypto startups to achieve user ownership while maintaining centralized control where ne...