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Q&A with Token Foundry
Token Foundry and TF token engineers (Gregory Rocco and Jacob Blish) will be answering questions on Friday, August 3rd at 10:00AM PST.
Token Foundry is a global platform that provides everyone a safe and fair way to buy and sell tokens. Clients include companies like FOAM, Flying Carpet, and Aikon.
posted 7 months ago
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Also, what is the most interesting recent token model you've seen to more effectively capture value?
There's nothing as of recent that has caught my attention but in terms of legacy models I'm still a large fan of MKR's capture through governance. ZRX deals with governance and apathy, but if you under-collateralize DAI, you get inflated and lose a ton of value.
I also need to dive deeper into MKR's governance, but I feel like it's one of the most respected in the industry at the present time, at least within projects not named Bitcoin
They've recently put their risk framework in a series: https://medium.com/makerdao/makerdao-governance-risk-framework-38625f514101
Eventually in a year from now or less all the primitive models will be more or less defined, and there will be a larger emphasis on importing new standards (721,998, etc) into existing models.
I have a couple of questions on it:
1. How did you decide how difficult to make the questionnaire? This seems like a tough decision b/c on the one hand a tough quiz ensures your audience really knows what they're doing, but on the other it reduces the token distribution.
2. Are the questions randomized out of a pool, or could someone cheat if they found answers posted on the internet (thinking back to my high school days of teachers re-using the same test questions for years here)
3. Have you considered doing a quiz specific to each token? A lot of your TF Standards mention that your goal is to only allow purchasers who actually want to use the token for it's intended purpose. However, if someone with a general knowledge of tokens passed your initial quiz, they could then buy whatever tokens they want without having plans to use them or even knowing how they work.
Thanks!
I want to know if TF checks to see if the responses are accurate.
1. The Brooklyn Project help guide the process of how difficult or not to make the tests. We need to set reasonable expectations of preventing wild speculation.
2. The questions are not currently randomized but that is being released shortly to prevent this exact behavior. Similar to cheating in high school, while you might pass the test it won't guarantee success of your participation in the success of a network.
3. We do currently have a specific quiz for each token. There is a base level test for registration and then a customized one for each project.
-Identify all participants in a particular market
-Evaluate existing models in the vertical
-Model incentives for all participants to keep things running
-Rationalize all bad actor possibility
-Stress test all participant possibility of gaming the system
We look at the potential participants in a network and then determine why they would participate and how to incentivize them properly to behave as good actors. We also need to account for edge cases and irrational actors that could attempt to exploit the system for personal gain. We also take into account of how the system will upgrade, grow and rebalance over time through governance as no network will get it perfect on the first try.
Currency: Monero, Decred
Platform: Rchain, Cardano, Raven
Token: Mainframe, Maker
And how does this interplay with your ability to stop token holders from selling the token before proof of use?