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. Proper tokenomics modeling usually costs upwards of 10 000 USD. Important Note: Keep in mind that if you want your newly airdropped FRM tokens to qualify toward Presale allocations and/or Governance Committee holding requirements, they will need to be converted to cFRM and staked in Crucible. Bridge pools would need to exist on networks that MultiSwap is integrated with. We are able to absorb the supply by merging the two tokens thus making the valuation of the Ferrum ecosystem dependent on 1 token as opposed to 2, while at the same time, not having to start entirely from scratch. We are Tokenomics consultants that have been in crypto since 2015 and have worked on 220+ projects. And we can do this while still honoring our commitments to existing stakeholders and creating additional utilities for the FRM token. 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. However, the fact that we were planning to launch two networks blinded us to this possibility. Feel free to get in touch with any thoughts, comments or if you need any code. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. The free version - anyone who has the link can view the file. Vesting ensures the team has a financial interest in continuing to grow the project, which in turn establishes faith in the project from investors. That means that every 4.5 years, the remaining supply of the reserves will be cut in half. WebTokenomics Calculator Tokenomics Calculator by on Sat Sep 8 A well-structured tokenomics is perhaps the most important factor that determines the success of an ICO and the dApp. Then you need to check this out ! We can then calculate the real value of the token as: A proper solution would require us to calculate the derivative ofH_t or simply break down the calculations in many small timesteps (e.g. Determining the total number of tokens should be done by established guidelines. To calculate the fees generated in one year, we need to multiply the number of transactions in one year by the transaction fee: Fees generated in one year = 36,500,000 * 0.01 = 3,650,000 FRM. We are Tokenomics consultants that have been in crypto since 2015 and have worked on 220+ projects. This document contains technical specifications, a feature list, and other useful information for your NFT project. I would be more than happy to speak with you. The Merge is designed to simplify Ferrums tokenomics, technology, roadmap, and value proposition to new and existing community members. you need to explicitly share the link with someone in order for them to know about it). Unlike Bitcoin, Ethereum is inflationary and doesnt have a maximum supply cap, meaning that ETH supply continues to grow with growth in the network. They also work best for live projects with actual data. This fee needs to exist regardless of the size of the transaction. In this whitepaper, we discuss the business modernization opportunities with NFTs. They are supposed to be variations of your overall optimal model. For every business, data is a valuable element that drives business growth and technological innovations. 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. You need to use the original file. This model was originally developed for Initial Coin Offerings, which died after the regulation that passed after the crypto crash of 2017-2018. We bring to you the new and improved tokenomics calculator tool. All models optimize for sustainability first and foremost. 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. Considering that nearly 2/3 of FRM is already in circulation and Team tokens, funds reserved to help secure a parachain, and funds reserved for exchange liquidity have yet to be released for their respective purposes, that doesnt leave much FRM to warrant folks wanting to participate in bolstering the effectiveness of the network by way of becoming Quantum Portal Miners (QPM) or Quantum Portal Validators (QPV). 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. The world is changing rapidly, and the world of crypto is leading the change. Given that, we can calculate the price of token as follows. Analyzing tokenomics is a three-step process. Likewise, some of the scenarios are similar by definition. The Treasury will contain 7% of the Max Supply from the onset. The ensuing release schedule was spread out over 3 years. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (Site) is for your general information only, procured from third party sources. Transaction fees are mostly meant to cover the processing and long term storage cost of transactions. If you are interested in topics such as tokenomics, blockchain, DeFi, but also data science and AI, make sure toget in touch. Here are some of the most crucial elements to consider while analyzing the tokenomics of a cryptocurrency. Purchase with crypto We accept crypto payments , however they are not fully automated yet. For every business, data is a valuable element that drives business growth and technological innovations. Transaction fees are also one of the mechanisms used to reward QPMs and QPVs as well as fund the Treasury. The first step is to collect relevant token data for a cryptocurrency. He was also one of the first researchers in the area of blockchain to study and discuss tokenomics. Which tokenomics variables can I adjust in the caclulator? Cryptocurrencies have become increasingly popular in recent years, attracting investors and traders looking to Read more, Wanna become a data scientist within 3 months, and get a guaranteed job? 3. Once we have real value of the token, we can use thetoken valuation formula in order to run different scenarios (depending on expectations) as to how the price of the token will move. Set the total number of tokens M. Set the expectations factor. WebTokenomics Calculator allows you to create and fine-tune a token economy in hours, not weeks. Token valuations are hard, and many token offerings can fail. Quoting Wikipedia: The left hand side is simply the total amount of money, multiplied by how many times it changed hands. ECOPs are quickly becoming one of the strongest elements in the recruitment toolkit to attract top-tier talent. Taha Abbasi, CSO at Ferrum Network. He has worked with decision makers from companies of all sizes: from startups to organisations like, the US Navy, Vodafone and British Land. Are you wondering how to move forward with Crypto Exchange development? Our process focuses on your business and builds the tokenomics on top of that. Crypto fundraising for decentralized finance projects rose by 190% in 2022, while funding for centralized finance shrank 73%. As seen in the infographic above: There are four main categories of initial asset allocation: insiders (core team, investors & company). Da sich This means that transaction fees would need to be extremely high to justify validators wanting to stake on the network, and extremely high transaction fees would in turn discourage users. Ferrum intends to follow this same approach by launching the Ferrum Network on Kusama first. 5. This document contains technical specifications, a feature list, and other useful information for your NFT project. Projects with token vesting rarely experience inflation, plus it ensures the long-term commitment to the project team members. Perhaps FRM will serve as a sort of routing token for MultiSwap in the future. 2. Please visit our career page WebData-driven Tokenomics consulting. We believe that a team whose goals are in line with the company makes for the most motivated and productive organization. To provide the best experiences, we use technologies like cookies to store and/or access device information. We guide you through the complexities of blockchain, providing you with a seamless experience. The world is changing rapidly, and the world of crypto is leading the change. To us, and many others in the Dotsama ecosystem, this was the best display of how Polkadots canary network, Kusama, was intended to be used, and very reminiscent of Gavin Woods quote from earlier in the article. I would like to subscribe to CoinGecko's daily newsletter. 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. Not consenting or withdrawing consent, may adversely affect certain features and functions. 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. If you have submitted the questionnaire multiple times, we will unlock the one that you submitted last. AI FOR BUSINESS TRANSFORMATION: How AI can make your business 2X more profitable. It has long been the goal of the team to make FRM deflationary by way of the network as well. In turn, those projects, have raised over 1BN USD in funding. We've compiled a checklist for the fundamentals of creating a Crypto Lending Platform in our whitepaper. Miners compete to process a new block of transactions by committing computing power to solve a mathematical puzzle. When a token has strong tokenomics, its demand is naturally high. In order for a network to gain adoption, there needs to be a large enough incentive for early adopters. The arrival of Ethereum gave a substantial boost to the concept of tokens with cryptocurrencies. Tokenomics will help investors understand the purpose, functionality, uses cases and distribution of a particular token. These tokens are integrated into Layer 1 blockchains via smart contract technology. WebBitcoin went live in January 2009, based on a set of rules - the Bitcoin Protocol - that included a clearly defined supply schedule: New bitcoins are created through Mining. In August 2020, the team decided to extend the lockup to 3 years and increase the release schedule from 24 to 36 months as well. Governance CommitteePreviously GC Members were required to hold either 250,000 cFRM / 20 cFRMx OR 750,000 cFRM / 10 cFRMx. The release of these roughly 66 million tokens will not begin until August 2023, and they will not be fully vested until August of 2027! To gain a deeper understanding of tokenomics calculation, read more in our blog on how to calculate tokenomics. Looking for inspiration to kickstart your tokenomics strategy? Published by Dr. Stylianos Kampakis on September 14, 2018September 14, 2018. In the paid version - practically all of them. As soon as you make the payment, please also fill in the short form, so that we can be sure that the payment is coming from you. other media. Due to the nature of digital products being immediately accessible upon purchasing, no refunds of any fees or other amounts paid by you in connection with the product will be allowed under any circumstances. Tokenomics can help investors understand whether a crypto project will address future challenges and stay relevant. A way to achieve that is covered in another. This makes calculations conceptually easier for an ICO. Here's a step-by-step checklist to get your e-Learning project off the ground. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. This way we ensure that our models are accessible to everyone. customize your browsing experience and for analytics and metrics about our visitors both on this website and An expansion period is the amount of time that elapses between the times in which tokens are released from the reserves. Crypto tokenomics is a blanket term covering the different economic aspects of the token, including maximum supply, transaction fees, minting or burning process, and incentives for token holders. The model picks this number such as to keep the token sale prices nice and round. In the Value optimized scenario of the calculator (for example), will this give the setup with the highest possible token value? for latest job openings, Essentials for launching a successful blockchain product, Learn on How to develop an Online Education Platform, NFT Marketplace Platform Development handbook, Crypto Lending Platform Development Guide and Functional Requirements, Development Checklist to build a Crypto Exchange, DeFi Staking Development Guide and Functional Requirements, The Scope of Business Modernisation with NFTs, Effective COVID-19 control through carrier tracking and non-pharmaceutical interventions. All wallet addresses who hold FRMx or cFRMx on any network will be receiving their cFRM on Arbitrum! As stated previously, Treasury tokens will be used to support subcategories such as Exchange Liquidity & Market Making, Bridge/MultiSwap Liquidity, Ecosystem, and Mainnet and Parachain Fund. on innovations to make this future closer to us. The value of a token is determined by market demand and total supply, as well as its utility. We can easily assume that at t_0 the price of the token is equal to the sale priceduring the ICO. Are you wondering how to move forward with Crypto Exchange development? - The ability edit and modify the scenarios in order to generate what-if simulations They launch their parachain on Polkadot and a parachain on Kusama.. One way is to include a probabilistic or statistical model of the S-curve above. If you like the free version, you have the option to unlock the full power of our tokenomics calculator with features such as: Tokens are rewards in the ecosystem, and by designing the incentive models, one can influence the participants' behavior. WebTokenomics the topic of understanding the supply and demand characteristics of cryptocurrency. In particular, after transforming its community into hDAO, its CEO plans to give away 10% of its equity for 100,000,000 HAI tokens.. The model makes the following assumptions: Therefore, given accurate forecasts of the total transacted value we are trying to create a pricing model for any token. Unlike most similar tools we offer a fully free version of the model, so that you can decide weather you like it or not. 1. In turn, those projects, have raised over 1BN USD in funding. WebTokenomics the topic of understanding the supply and demand characteristics of cryptocurrency. NFTs facilitate the tokenization of art works, real estate, music, digital content, etc., allowing them to be held in digital forms. Regarding M, this is now the total number of coins, and T is the total economic value of transactions. No. Mainnet and Parachain FundTo ensure the successful launch and evolution of the Ferrum Network, we want to remain open to secondary mainnet or node raises and/or parachain crowdloans. 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. Checkout Ethereum tokenomics below: Crypto tokenomics is an incredibly important concept for both project developers and investors. 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. On the quantitative side, we use data on token pricing and adoption for 16 major cryptocurrencies from 2010 to 2018 to discipline our choices of parameters in the model. Tokenomics has become a popular term in the last few years to describe the math and incentives governing crypto assets. Our models are prescriptive, meaning they tell you what needs your attention and how different aspects of your tokenomics can be improved in order to get the best possible results. Profitability optimized (most revenue retained by the project balanced with decent token value) Additionally, tokenomics can help to identify potential risks and challenges and to design effective governance and monetary policies that can help to mitigate these risks and ensure the long-term success of the token-based system. To prove it, no more FRM will be released until mainnet is live. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. 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. Layer 2 tokens can be new tokens or more complex dApps project tokens. Therefore, we have decided that 20% of tokens released every expansion period will be allocated to the Treasury. Our models are usable out-of-the-box, but you are also able to fully customize all the models output, should you choose to fine-tune any parameter. EcosystemThis is a big one! Token allocation essentially refers to how tokens are shared after the project launch. Rebuild The Chain - pandemic management system built by our team offers a smooth operational platform for the health authorities. The scenarios are not supposed to be fundamentally different (except in certain cases). To ensure that projects and developers looking to build on Ferrum Network will be incentivized to do so in the coming years, there will need to be tokens allocated from the Treasury to said projects. This can give them an idea as to the inflation that the token may be subjected to in the future and how evenly tokens are distributed amongst the community. They offer particular access to products or services run or operated by a token issuer. They represent any crypto that isnt bitcoin or ether. To find out how many FRM you have been airdropped in exchange for the amount of FRMx and cFRMx you were either holding or staking, be sure to check out the Merge Calculator! For simplicity, we can assume this is stable over the full time window. Thats dedication and clear proof that there is much more to come from Ferrum! In particular, after transforming its community into hDAO, the company plans to give away 10% of its equity for 100,000,000 HAI tokens. The public sale is open to anyone who wants to participate; the community allocations are ecosystem funding that goes back to the community; the insiders are the people who have a vested interest in the success of the company, in return they receive a lot of the company's share. Do you intend to create an NFT marketplace? However, getting started with the tokenomics design can be quite overwhelming. 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. The parameters set in response to these items will ultimately be contingent on criteria such as current transaction volumes, hardware prices, and FRM valuation and should be subject to alteration by way of approving referenda via governance as a means of adapting to changes in the above criteria.