Why Fundraising With Utility Tokens Always Ends in Tears and How We Can Do Better — Part 1 of the CREDO Series

Liraz Siri
Oct 29, 2018 · 8 min read

Utility tokens of math destruction

Are utility tokens necessarily doomed to fail?

HODLers vs BUIDLers

Hot potato

Bad milk is bad for your baby

You shall know the tree from its fruits

Centralizing to decentralize?

The dangerous art of token price manipulation

If you don’t know who the sucker is — it’s probably you

What would a sane tokenomic model look like and where do we look for it?

Mechanism design: To get what you want, reward what you want to get

The mechanism design genie is granting Aladdin three wishes

Maximizing GDP

Maximizing ROI

Built to last: alignment of interests

Built to last: defensibility through supremacy, not secrecy


TabooKey

TabooKey is a well-funded Israeli startup developing a decentralized cyber insurance network that can buy up risks for crypto custody & critical infrastructure use cases (e.g., updating medical devices, autonomous car fleets)

Liraz Siri

Written by

Solving hard problems at the intersection of blockchain and cyber-security while evangelizing decentralization, defense in depth & open source software.

TabooKey

TabooKey

TabooKey is a well-funded Israeli startup developing a decentralized cyber insurance network that can buy up risks for crypto custody & critical infrastructure use cases (e.g., updating medical devices, autonomous car fleets)