Token Economy

A system where you earn visible but meaningless tokens for "good behavior", where good behavior is defined by what the creator of the system wants you to do.

Examples of Token Economies

DeFi Protocols

Many defi protocols are examples of token economies.

Employee of the month and other forms of 'carnival cash'

In a McLeod Hierarchy, this is what the clueless crave.

Dwight Schrute, Assistant to the regional manager

Loot n' Shoot Games

Social Media Platforms

Social media sites need users to create and share content, so they can get more engagement, and hence ad clicks.

Professional Sports

Public Schooling

Further Reading