The Rubicon Games connects the gap by helping people learn difficult concepts through fun games. We are trying to design a token to sustain our community. In this article we consider core questions that will guide us in creating the perfect token for our game. Remember that the aim is to create a token that helps us create value for our community.

Market Design for a Game Token

For Rubicon Games, we want to design the right market for our game token. A market is a place where people buy and sell. Our game market will be a digital place where people can trade their tokens. At your local farmers' market, buyers tend to have more options to choose from.

In a free market, people can haggle prices, and decide which seller they want to buy from based on prices. The same goes for a tokenized market. We need to create a fair market where anyone can play and win.

Market design Questions

when we imagine the ideal market, we imagine one where interactions are in the right amount so that we have the right number of transactions, and players to ensure there is no monopoly or decrease in sales. These questions will help us design the right market for the RB Token

1. What is the optimum number of players we need to create a healthy market?
2. Optimium number of transactions per minute, so players do not get leave due to waiting too much
3. list these as quotable sections
4. How do we make our players feel safe so they transact inside our system?
5. What technology can we build on so our network is immutable?
6. How do we ensure the identity of everyone, how do we remove bad players, how do we provide isnurance so players are guaranteed in a fake transactions

Mechanism Design for a Game Token

Designing the right mechanism requires us to ask the question "how can we structure our game network (community) so it produces the desired outcome?

Our desired outcome is a token economy that sustains itself; that is the money it produces is sufficient enough to run it, pay investors and reward good players, just like a self sustaining small country or a profitable business.

A token network is made up of all processes, players and technology that make up a system. A token community include its founders, users, investors & stakeholders all of which we refer to on this article as PLAYERS

Questions to help us design the right mechanism for RB Token

1. What are the rule of the network?
2. How do we use non-monetary incentives to influence good outcome?
3. How many decisions can each player make & how can we incentivize them to make decisions that produces the desired outcome.
4. Who are all the possible players we can have in this network and what drives their behaviors?
5. From players' behaviours. what theoritical framework can use to influence their behavior?

Token Design for a Game Token

what properties should our token have based on the social behaviours prevalent in game lovers?

Token design is the way actual tokens are actually created. Tokens are units of value recognized and used by a network. e,g The Rubicon Games Community. Token design would focus on the shape, colour and size of the token if our game tokens arephysical but since crypto tokens are intangible assets, Tokens are the life blood of any tokenized network therefore token design is the most important of all the pillars of a tokenomics framework

How do we design the right token for our community?

1. How many units of tokens do we create and why?
2. How do we regulate the supply, should they be mined all at once, or like bitcoin, should our suplly be released slowly?
3. what kind of financial incentives should we have and how much?
4. Will our tokens be fungible or non fungible?
5. what would be the utility of tokens?

Now you know about tokens how you can use these questions to guide you if you're seeking to build a token. Crypto DAOs give tokens to their members as a way of holding a stake in the organizations. The value of a token may be relative than intrinsic in nature.

Have you interacted with a crypto token recently?

Why did you get it and what is it used for?

Are you in any DAO community where a token allows you particpate in the governance of a project?

If you're looking to create a tokenized project, review these questions and identify responses going through them to see if you are satisfied with your answers In our next article, lets dive deep into building an actual token, answering these questions and see the impact they have on our token design?

What new thing did you learn? what do you think is the most important question in token design. If you'd like to get consultation for a DAO or token project, please send me a message here