Woolf - Gen 0 Economy sketch

About this model

The diagram models a comprehensive economy of a Non-Fungible Token (NFT) marketplace integrated with Ethereum (ETH) transactions and staking mechanics. It simulates the process from minting NFTs, earning Ethereum through a faucet, and various income or loss scenarios including NFT theft, claiming shares, and staking rewards. The initial source of Ethereum is represented as a faucet, from which resources flow into pools representing different stakes and earnings in the system, such as minted NFTs, ETH earned, and the overall and taxed share of the market or funds.

There are mechanisms for purchasing NFTs, which can potentially increase the amount of ETH earned or minted NFTs. Staking, represented through pools and registers, calculates earnings based on staking rates and rewards. The system also features dynamic elements such as varying staking rewards, unstaking rates, and tax shares that influence the flow of resources across the network according to predefined formulas within converters and traders. Gates and traders manage the flow and transformation of resources between nodes, simulating real-world transactions and events such as theft and safekeeping of assets, which in turn influence the overall health and wealth distribution within the simulated economy.

"Woolf - Gen 0 Economy sketch" is a public Machinations diagram shared in the Community by spacedog, with 73 components.

It was created in February 2022 and last edited in August 2022.

Open the diagram in the Machinations app and press Play to watch the resources move, adjust its values to test how the system responds, or remix it to make an editable copy in My diagrams.