The economic research behind token markets, coordination, and capital formation.

In this section

Airdrops and token distributionBlockchain and capital marketsHow blockchain rewires capital formation and securities markets.Commons governance and collective actionCuration marketsBonded tokens as skin-in-the-game signals for what deserves attention.Fee switches and value accrualHarberger taxesSelf-assessed prices and always-for-sale assets – partial common ownership.Liquidity bootstrapping pools (LBPs)Liquidity mining and mercenary capitalMechanism designMEV and value extractionMicrofinance and micropaymentsWhy small loans and payments are hard, and the mechanisms that fix them.Numerical pricing in AMMs and bonding curvesPersonal TokensPrincipal–agent problemReputation and information asymmetryAdverse selection, disclosure, and reputation as market fixes.Schelling points and coordinationFocal points, coordination games, and Schelling-style oracles.Staking and slashingToken unlocks and vesting schedulesToken valuationWhat research says about how tokens acquire and hold value.Token velocityTransaction costs and property rightsCoase to crypto – why organizations exist and what blockchains change.Virtual economiesGame-world economies – the research line that anticipated tokens.