Circulation

The key, of course, is to have a healthy circulating economy that becomes self-sustainable over time.

• The formula for fees, whether they are bought back or directly go to the reserve, and how treasury funds are deployed, is dynamic.

• It's based on the token's phase and journey over time. Broadly speaking, it's related to the amount of assets managed and stakeholders using these assets in different ways—be it fans or users consuming or viewing them, creators generating more assets, or applications linking to them to build experiences for consumers of the creative assets created here.