First step in the token engineering process is the discovery phase.
When a client comes to a Token Engineer with an idea, there are seven steps for translating the client's vision into a workable form.
- Defining the System Goals
- Defining the System Requirements
- Stakeholder Definition and Analysis
- Definition of Interactions and Value Transfers
- Metrics Definition and Analysis
- Causal Relationships and Systems Thinking
- Identification of Stocks and Flows in the System