what should we do if we want to issue a utility token for our business (or game)?
here, I've shared a chechlist I've been working on for "utility tokenization" in businesses. hope it comes handy.
who can use this: (this is an overview, it needs customisation for each purpose)
- DeFi projects
- P2E games
- NFT based projects
2. PART 1
Token utilities (services)
Research on average utility price of the services
Competitors (analysis) in terms of token price / market cap / velocity / hold time (business and on-chain data)
Potential industry CAGR for the next 5 to 10 years
Staking/Farming structure (if you want to have it)
Network difficulty (for rewards) – if exists
Cost structure for 3 to 5 years
Growth projection for 3 to 5 years
Sale structure of the token
Initial no. Of issued tokens – pre-mint / mintable
Soft and hard cap (for initial no. Of tokens) – if you want to raise funds
3. PART 2
Sale rounds strategies
Reward token structure
Token distribution
Fund allocation
Fair token distribution among private investors
Exit strategies for private investors and/or team
Smart contract strategies (vesting,reward,staking,team etc.)And managers
Treasuries and conditions
Signature structure for fund usage or contracts
Network valuation
Token pricing
4. PART 3
Token price and valuation modeling (tech)
Incentives for holders
Supply-Demand roadmap (private) For your own good
Liquidity management
Token holders – behavior analysis
Market maker conditions-strategies
Market maker-liquidity provider algorithm
Chart modeling!
Monitoring