Project Overview
Last updated
Last updated
This document serves to inform GoraNetwork participants and community members about the Economic Design of the GoraNetwork Ecosystem. The economic design goes into detail using a framework that aggregates the Tokenomics into three categories; Market design, Mechanism design and Token design. This Framework is based on Tokenomics Expert Lisa Tan's .
Market design discusses the ecosystem participants and the environment they will participate in and how it will be designed to be optimal for the growth of GoraNetwork.
Mechanism design defines the rules of the ecosystem and they can be used to shape the future of the network.
The token design will discuss how the token can be designed to incentivize the optimal behaviours of participants
The Tokenomics of GoraNetwork is crucial for the success of GoraNetwork. Despite the incredible technology underpinning GoraNetwork and the obvious demand for such services, if GoraNetwork can not appropriately incentivise participation, and subsequently decentralization and security through network adoption, then it will become difficult to persuade consumers and feed providers to utilize its' services.
In order for the token to have any value, there must be a demand for it. In order for there to be demand for a token, it must have a utility. Within the economic design we will go through in more detail where exactly the utility will originate from and who are the participants that will require GORA.
Important aspects of Tokenomics include; supply, demand, utility, token value appreciation, incentive mechanisms etc. The Tokenomics summary provides details on those areas with the economic design going into some more detail with usage of simulations to demonstrate the ideas behind it.
We would like to thank the following for their assistance in helping develop the foundation the GoraNetwork economy is built on.
Node Runner community
Over 8000 node runners filled in GoraNetwork's surveys and ran test nodes, which was integral to GoraNetwork's understanding of node runner behaviors and capabilities.
There are many other advisors, team members partners, and community members who have helped GoraNetwork shape its economy. Some of them are listed out in the of the litepaper. We also thank anyone who contributed even if they may not have been named.
GoraNetwork has recently completed a tokenomics audit from Tokenomics DAO. A summary of GoraNetwork's tokenomics by Tokenomics DAO can be found .
For questions regarding anything in this document, you may reach us through our , or by emailing us at communications@gora.io. To sign up to become a node runner and participate in the node token sale, join the