Designing Crypto Tokenomics Model for PULP Token

Abstract

Points, currencies, or token systems have recently been added to social networking platforms and other blockchain-and non-blockchain-based projects. The absence of essential prerequisites has made it difficult for non-blockchain based projects like Pulp to adopt a system using blockchain technology. The basic structural model of the token PULP, introduced inside the Pulp application, has been provided as a literature review in this thesis using the Design Science Research (DSR) framework. The study included the similarity between PULP and the reward model, the analogy between other existing tokens like NFTs, Governance tokens and Utility tokens and how the attributes of these can be adopted by the PULP token. It also incorporates the conceptual tokenomics design for PULP, comparing and discussing how that can be considered with the current model of PULP. In addition, valuation methods of the PULP token has been suggested using the network effects law such as Metcalfe’s Law and discussed the value can be effected by using the Quantity Theory of Money (QTM) concepts, providing the insights of PULP token tends to be inflationary. This also concludes with how the restriction of the token minting and token burns and releases are significant in the project.