Caution
The Tokenomics Working Group repo has been moved to Flow-Working-Groups/governance_working_group/tokenomics_working_group
Please do NOT use this repo.
The Flow Tokenomics Working Group (TWG) has been established as part of Flow's commitment to continuously improve its token economics. Leveraging the expertise of individuals from diverse fields, the Flow TWG aims to enhance network security, decentralization, and the long-term success of the FLOW token.
The governance of the TWG prioritizes fairness, transparency, and accountability through the following measures:
• Tenets: The TWG prioritizes inclusivity, transparency, accountability, innovation, and decentralization.
• Membership: The TWG is open to all, allowing representatives from the Flow Foundation, developers, researchers, community members, and industry experts to nominate experts for membership.
• Roles and Responsibilities: Clear definitions and communication of areas of responsibility, key tasks, timelines, and deliverables ensure accountability and transparency.
• Decision-making: Consensus-based decision-making with equal voting rights for all members ensures democratic decision-making.
• Meetings: Regular meetings provide a platform for progress discussions, idea sharing, and decision-making, open to all members.
• Documentation: All decisions, discussions, and outcomes are documented, with meeting minutes, decision logs, and progress reports shared openly for public view and commentary.
• Review and Evaluation: Periodic reviews and evaluations, including community feedback, ensure the TWG's objectives are being met.
The TWG is responsible for analyzing challenges, designing innovative solutions, and engaging and educating the community. Key responsibilities include:
• Analyzing: Conducting data analysis on Flow blockchain, gathering user surveys, and incorporating community feedback to identify key problem areas in Flow token economics.
• Innovating: Proposing feasible changes to the Flow protocol, governance mechanisms, and related aspects to improve economic design, enhance decentralization, and contribute to the long-term success of the Flow ecosystem.
• Engaging: Gathering community feedback, ensuring alignment with the needs and values of the Flow community, and providing education on outstanding issues and proposed solutions.
The TWG consists of talented individuals selected through a community-led process. Founding members possess expertise in economics, engineering, game development, marketing, and community management. This diverse team leverages backgrounds in blockchain technology, mathematics, game theory, data analytics, and relevant fields to address token economics challenges and opportunities within the Flow ecosystem. Their holistic understanding allows for well-informed decisions and a comprehensive approach to enhancing Flow Tokenomics.
- Deniz Edincik - OG community member, serial founder, game developer, with math and engineering background
- Reda Benkirane - OG community member, marketing and digital executive with 15+ years of cross-industry experience
- Anthony Darvall - Founder @ Traderflow, Macroeconomist, ex- Head Forex Dealer @ EasyMarkets
- Dan Malinovski - Co-founder & CEO @ Simplicity Group, Token Architect, Economist
- Michael Levy - Co-founder @flowty, Early Flow community member, OG Topshot collector
- "bz" - Co-founder @ Basic Beasts, Flow Ambassador, Cadence Developer
- Antoni Palazzolo - Founder @ Barter Yard Club (NFT swap tool & NFT collection on Flow)
- Jonny - Cofounder @ IncrementFi (DeFi platform on Flow), Solid background in DeFi and Tokenomics
- Lu - NuFi Project Manager; Winner of Flow hackathon
- Bjarte Stien Karlsen - OG flow community member, Creator of find.xyz, FLIP author, Service-Account signer
- Luca Basile - CEO @ Flovatar, Dapp developer, Active community member
- Lucas Myers - Engineering @ evaluate.xyz, Flow dApp developer; 7 years of software and data science experience
- Chris Hoorenman - FLOW enthusiast, Develops trading scripts for NFT/ DeFi platforms; background in private equity
- Nishanta Dharmaseri - Co-founder @ Flowverse, background in economics and actuaries
- Sean Robb - EM @ Dapper Wallet, ex-Mastercard, 10 years of engineering experience
- Lucas Naundorf - Flow Validator @ Deutsche Telekom MMS, Blockchain Consultant and Product Owner (staking)
- Kshitij Chaudhary - Tokenomist @ Flow, ex-Amazon PM, trained in microeconomics & business
The entire Flow community is eligible to nominate TWG members by completing the nomination form. Nominations should include a brief description of the nominee's qualifications, experience, and skills, along with a statement of support from the nominator. The TWG periodically reviews nominations and makes decisions based on qualifications and group needs.
The latest meeting details, including minutes (discussion points) and video recordings, are available [here], for those interested in following the progress and trajectory of Flow Tokenomics.
The TWG's focus would be on developing innovative solutions to upcoming challenges in the Flow ecosystem, such as:
- Managing unbounded state growth: Developing economic solutions to manage unbounded state growth, such as revising minimum balance requirements and revisiting storage-related incentives.
- Fine-tuning Network Fees: Developing strategies to adjust network fees as needed.
- Revisiting Inflation: Constantly revisit and evaluate FLOW token inflation and operator rewards.
- Node Staking Requirements: Evaluating and adjusting node staking requirements to enhance network security.
The Flow Tokenomics Working Group (TWG) plays a crucial role in advancing the economic design of Flow's native token, FLOW, while promoting network security, decentralization, and overall value proposition. Through the expertise of its diverse team and collaborative approach, the TWG makes valuable contributions to the Flow ecosystem. Continual refinement and optimization of the FLOW token's economic model by the TWG would pave the way for the widespread adoption of Web3 experiences by mainstream users.