Tokenomics - A Retrospective - June 2023

Photo by Hans Moerman on Unsplash

What Went Well

The Tokenomics Manifesto

Tokenomics is now a core project of mine. It has potential for contacts I have in Africa, but also family members who will need more radical new options in the years ahead.

The Tokenomics Pitch Deck

The pitch deck identifies why Tokenomics is a good idea, and the potential it has for growth in the months and years ahead.

Pitch deck to be produced after any responses to Retrospective.

Bankless Level 1

After many different connections, I arrived in the Bankless community, and despite some intermittancy, took maybe 18 months to earn a Level 1 community membership, largely through Discord contributions. An amazing feeling, to earn based on community contribution. While amounts earned are relatively small, it's much harder to do in geo-local locations.

Gravity - Trust in Working Relationships

There is a need in Web 3 to make good first impressions, to work effectively and healthily with people, and to deal with disagreements about good practice. GravityDAO protocols are key for future and continued improvement for DAOs.

What Can Be Done Better

Rapid Location of Contribution Opportunities

A key lesson from Bankless is to locate key documentation fast, particularly as relates to earning opportunity, inferring value contribution. Discord has superb search facilities, and this could be a key offering in a DAO, to see what currently exists, and what the DAO might consider for future development. This in turn can form part of a rating system, that a DAO could use to judge the progress it is making.

Key documents and channels for a Discord search include:

• Monthly Guild or DAO plans about role holding and project targets

• Bounty offerings

Going With What Is, Not What Might Be

Current facilities may be suboptimal, from an individual point of view, but it takes resource to make changes and improvements. We can hope that any DAO has effective change management in place. Providing this facility could be a key step up for a DAO so as to become that much more responsive.

Mutual Adaptation Between Individual & Community

The meeting of individual and community requires both to adapt. An individual could offer a community much more than is currently laid out in epoch planning. Can the DAO adapt to the individual, and can the individual match their contributions to both current DAO plans and where the DAO might like to go. Of course, the community need to see contributions, value them, and agree future direction.

The following areas of potential friction need coping mechanisms to navigate.

• Plotting & supporting inclusion staging posts

• Defining and meeting community priorities

• Ability to support opportunity spotting and harnessing

• Quelling impatience, ego and other friction points

Gaining Feedback from Synch Meetings

AMA Synch meetings at the moment don’t allow folk from other timezones to take part. Discord doesn’t record meetings. So Twitter meetings may become more the norm, allowing meetings to be recorded. The advent of ChatGPT also allows audio transcripts, meaning key meetings can be consumed faster than by waiting for the actual event to unwind in 1:1 time.

DAO Onboarding & Development Frameworks

Providing a range of development frameworks can help folk assess DAOs, and find good places to make a contribution.

The following are areas for further exploration and continuous improvement.

• Epoch Interpretations & Assessments

• Assisted Negotiated Joining

• DeWork, Crew 3, Coordinape Training & Implementation

  • Train the Trainers

• Retrospectives, SWOT Analyses

• Twitter Spaces

  • 4pm GMT/BST showtimes

• Cohort, buddy & apprentice programmes

Coordinape Proposal - Inclusion for Web 1.5

Coordinape are willing to discuss community initiatives that attempt to connect Web 3 technology with folk stuck in Facebook, equivalently Web 1.5.

Grant Locations & Applications - Miro, Crew 3, Target Community Standards

Most DAOs do understand a need to trade with other DAOs. The ability to do this can be a boost to a DAO in finding ways to counteract the tendency DAO guilds and working groups have to rely on internal funding, draining internal treasuries, rather than seeking mutually beneficial trade opportunity.

Better Behavioural Breadcrumbs

DYOR, Google More, Seek Higher Personal Standards, Respect Others’ Time, Conquer Fears, Be Who You Are, Find Ideators (Researchers) & Team Builders, Listen to Ops Discussions

Roadmap - How To Get There

Develop Asynch Working Practice - ChatGPT

Run Open Twitter Spaces Workshops

For Gravity, it’s possible to see Gravity working, in action, and using eg Elinor Ostrom principles in real life workshops where folks “build in the open.