Circular economy ideas

Listing out Web3 ecosystem ideas that could be considered when issuing a token to create circular economies

There are a number of software projects that could benefit from trying to create a circular economy through the usage of a token. Most of these same ideas could also function by using the networks treasury funding to sustain long term development, meaning a token would not be needed.

Software ideas

The following ideas could create a circular economy with their own token, they could also charge fees with the networks base coin and also could have neither of these and be funded using network based incentives.

• Stablecoin's - e.g. USD token

• Security tokens - e.g. Bonds, stocks

• Real world asset tokens - e.g. Tokens that represent commodities or a house, car etc.

• Soulbound tokens - Tokens that are issued and designated to a single individual or entity and are not transferable.

• Privacy tokens - A token could wrap an existing coin from a public chain and make the transactions private.

• DeFi protocols - DEX, borrowing & lending, synthetics, derivatives, CDPs

• DAO, governance & identity tooling

• Utility software libraries - For building smart contracts, transaction builders etc

• Network infrastructure tools & libraries

• Security reviews & code audits

• Scalability solutions

• Indexers, explorers & data oracles

• Wallets

Other non software ideas

There are a number of non software ideas that could benefit from network treasury funding.

• Research & analysis

• Demos & onboarding

• Articles & blog posts

• Hackathons

• Contributor mentorship

• Community hubs

• Workshops & courses

• Ecosystem educational resources

• Translation support

• Standardisation efforts

Reasons a token might be useful or necessary

• Token utility - Ideas might need a token for unique use cases and functionality that they can achieve with the coin from the base network.

• Customisation of token - Tokens can be customised for different use cases such as how the supply changes over time, what parts of the token are immutable or mutable or a changing number of applications and environments that token could be used in.

• Token autonomy - Having a separate token means the project team and surrounding community for that token could have full autonomy to update and replace their token as needed for their own use cases.