Token economy audits and white papers
ESMA's register already holds roughly 760 to 930 MiCA white papers. The law asks for disclosure, not for a model of how the token economy behaves, so emission, vesting and sell pressure stay claims in a table that readers have to trust.
Show how the token economy behaves.
What you can do with it
Model the token economy
Draw emission, vesting, staking, sales and the treasury as flows, with the rules your white paper states.
Stress-test it
Play many futures with random sell pressure and Forecast how supply and treasury hold up in a bad market.
Give readers a model
Share or embed the diagram next to your white paper, so investors and regulators can Play it themselves.
Find the weak point early
Move a Lever such as the vesting pace and see where the treasury runs out first.
A track record
In 2022 we audited the economy of the Web3 game The Citadel, the first on-chain game to get the Verified by Machinations seal.
Built for tokenomics
See the Tokenomics page for the full set of tools for token designers.
Play a live example: emissions, staking and sell pressure
A token emits on a schedule into circulation. Holders stake some of it and sell some at random, and a treasury collects fees. Press Play, then move a Lever to change the emission pace.
Tokens are emitted on a schedule into circulation. Holders stake part of what they hold and sell part of it, with the amount sold changing at random each step, and every sale pushes the price down. A treasury collects fees along the way. Watch circulating supply and price together: supply climbs with every emission, and the price follows the balance between what is staked and what is sold.
Speed up the emission pace and supply outruns demand, so the price slides even when staking holds steady. Slow it down and the price holds up, but fewer tokens reach the players and partners who need them. Auditors and investors want to see this trade-off spelled out, not asserted. Read how we did it for a real game in the Citadel economy audit. The model helps you understand and document your token economy; it does not replace legal advice on your white paper.
Stress-test the token before you disclose it
Model emissions, vesting, staking and sell pressure, then Forecast supply and treasury runway for the paper you publish.
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