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The Use of Utility Token Staking Rewards

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The Use of Utility Token Staking Rewards

Duration: 00:22:59

Speaker: Peter Zeitz, Will Warren

Type: Talk

Expertise: Beginner

Event: Devcon 5

Date: Oct 2019

The utility token is based on the concept of user ownership. In principle, token-based voting can empower the users of a utility token project to oversee its long-term development. In practice, however, a very large proportion of circulating utility tokens are held by speculators, rather than actual users. The talk will discuss our efforts to improve the utility token model through the introduction of a staking process that incentivizes user ownership. We will explain the process we followed to map our governance objectives into a specific staking mechanism. The talk will explain how this mechanism incentivizes ownership among a target user group, penalizes socially harmful behaviors, and collects and distributes fee revenue in a manner that satisfies basic fairness norms.
About the speakers


Peter Zeitz

Research Fellow


Will Warren

Co-founder and CEO

Will Warren is Co-founder and CEO at 0x which is developing public infrastructure for peer-to-peer exchange on the Ethereum blockchain. After receiving a B.S. in Mechanical Engineering from UC San Diego, Will worked as a graduate research assistant at Los Alamos National Laboratory conducting applied physics research. Will spent two years in UC San Diego's Structural Engineering doctoral program before dropping out to pursue an interest in Ethereum full time.

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