Get Tokenomics

Tokenomics models you can audit line by line

Working spreadsheets in Google Sheets and xlsx. Unit economics, token demand, token supply, market model, P&L, and dashboards — every number a formula, every input sourced and dated.

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40+
tokenomics projects
240+
patterns library
15+
open-source models

What we model

Six layers, all connected, every number a formula. Most tokenomics gets sold as a deck — static numbers in slides. We deliver a working spreadsheet you can audit cell by cell.

Unit economics

Per-user, per-validator, per-asset cost-revenue analysis. Cohorts, churn, LTV/CAC, breakeven points. The numbers that decide whether the protocol is viable at all.

Token demand

Ten different demand-side models — staking, payment, governance, burn, lock-up, discount tiers, access, lending collateral, subordination, redemption. We pick the ones that match the product and model them.

Token supply

Five supply models — linear emission, halving, bonding curves, allocation with vesting, mining rewards. Modeled against product milestones, not arbitrary calendar dates.

Market model

LP depth and AMM curves, sell-pressure projections per stakeholder, market-maker economics. Where price meets supply meets behavior.

P&L

Revenue streams, opex categories, treasury cashflows, runway calculator. The financial statement that lets your CFO defend the numbers to investors.

Management dashboards

KPI panels, scenario toggles, sensitivity tables, sanity-check signals. Built so the team can drive the model after we hand it over.

How we work

From a discovery call to a delivered model in five steps. Every step ends with a written artefact you can challenge.

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01

Discovery

Stakeholder map, supply and demand sources, key questions for the team. End state: a written brief both sides agree on.

StakeholdersSupply/DemandBrief
TokenAlloc %VestingTeam15%24 moInvestors20%12 moCommunity40%36 moTreasury25%48 mo
03

Mechanics modelling

Allocation, vesting, emission, sinks, sources — built into a working spreadsheet with cross-references and audit-friendly formulas.

Google SheetsAllocationVestingEmission
modelreportdeckdashboard
05

Validation and report

Internal QA pass, written rationale per number, dashboard with KPIs. You get the model, the deck, and the reasoning behind each cell.

QARationaleDashboardHandover
sourcesnapshotinput
02

Inputs and assumptions

Every input parameter listed with source and snapshot date. No magic numbers, no unverified market data.

SourcesSnapshot datesNo magic numbers
basebull/bear
04

Scenarios and sensitivity

Base, bull, bear toggled by an input cell. Sensitivity tables across every parameter that moves the answer. Sanity checks built into the sheet.

Base/Bull/BearSensitivitySanity checks

Have a scope already?

Send the docs. We will come back with a price, a timeline, and a recommended modeling depth.

Request a quote

Sectors we model

Real mechanics from our 240+ patterns library, mapped to where each one shows up most often.

DeFi

Bonding-curve mintsLiquid stakingLending and collateralSubordination tranchesInflation vs staking curve

GameFi

Action rewardsStreak multipliersGenesis NFT stageLootbox mechanicNFT vs non-NFT segments

RWA

Ownership NFTsCommodity tokensSecurity rev-shareTokenized stockDividend distribution

DePIN

Bitcoin-style mining rewardsIoT-device mint formulaProof-of-compute collateralASIC fleet economicsMulti-asset mining

L1/L2

PoS stakingInflation vs staking curveEIP-1559 dynamic pricingValidator rewards trackingValue-transfer fees

Governance

ve-tokenomicsQuorum mechanicsQuadratic votingVoting committeesFee switch

Selected case studies

Engagements where the spreadsheet was the core of the work.

Trading fees100%Stakers40%Treasury35%Insurance25%

Perpetual DEX tokenomics

Full token model for a perp DEX: allocation, vesting, fee distribution, staking, treasury. A 15-table embedded model.

PlayerEarnMarketBurnclosed loop

GameFi clicker economy

Tokenized revenue with a Uniswap v2 LP and layer-mining mechanics. Allocation, unit economics, scenarios.

Token economy design — recorded session

Walkthrough of a real modeling engagement: allocation, vesting, sinks, sensitivity. End-to-end on video.

FAQ

When do you need a tokenomics model?
Two different cases. Before TGE — you need a model. End-to-end: allocation, vesting, supply, demand, sinks, P&L, scenarios. One artefact you can defend to investors, regulators, and the community. After TGE — you need modeling of mechanics. New fee switch, new pool, new emission tweak, treasury operation, vesting renegotiation. Each change is a small targeted model on top of the live system. Iterative, mechanic by mechanic.
How long does an engagement take?
A pre-TGE model runs 3–6 weeks depending on complexity. Full design plus modeling: 6–12 weeks. Post-TGE mechanic modeling is usually 1–3 weeks per mechanic, often delivered as a retainer. We give a tighter estimate after the discovery call.
What deliverables ship?
A working spreadsheet (Google Sheets or xlsx), a written report with rationale, and a dashboard. Built for the people who actually need to defend the numbers — your CPO designing the next mechanic, your CMO sizing the campaign, your CFO modeling runway, and the investors reviewing the deal. They open the model, edit one cell, and see the consequences.
How is modeling different from simulation?
Modeling is the spreadsheet — allocation, vesting, sinks, scenarios, sensitivity, all in formulas. Simulation is when you need stochastic answers — Monte Carlo, agent-based — and we run it in Python. Different engagement, different deliverable. Most teams need the model first.
How is modeling different from an audit?
Audits review what already exists. Modeling builds it from scratch — or rebuilds the parts that do not add up. We run both as separate engagements.
Do you sign NDAs?
Yes, before any project material is shared. Standard mutual NDAs — we have a template, or we sign yours.

Want a model you can actually audit?

Tell us what you are building. We will read the docs and come back with a focused proposal.

Book a discovery call See case studies