Fixed quote before work begins
Full engagement length
Every issue, its reasoning, and the fix
What the audit covers
We find what breaks in your token model before the market finds it for you.
An audit is a fixed-scope review of a token economy that already exists. Two work streams run together: a structural review of the design, and a simulation of how it holds up under stress.
We rebuild your economy in Machinations and run it under adverse conditions: unlocks meeting thin liquidity, growth stalling, incentives ending. You see where it breaks, and by how much.
We run a six stage audit across your token economy and every assumption inside it.
01
Scope and baseline
We map what the token is meant to do, the business it sits inside, and every assumption the current model depends on.
02
Structural review
We take the existing design apart: utilities, supply, distribution, vesting and emissions, and check each against the incentive it actually creates.
03
Mechanism testing
We test every formula and numerical input, from fees to staking rewards, against the behaviour it produces rather than the behaviour it assumes.
04
Simulation and stress testing
We rebuild the economy in Machinations and run it under adverse conditions: unlocks into thin liquidity, growth stalling, incentives ending, holders exiting together.
05
Findings and severity ranking
Every issue is written up with its cause, its likely impact and a severity rating, so you know what must change before launch and what can wait.
06
Remediation plan
A written report with a prioritised list of fixes, redesigned mechanisms where they are needed, and the simulation evidence behind each recommendation.
What our audits actually include
Every mechanism scored,
evidenced and prioritised
We take an existing token economy apart, score it across utility strength and economic health, explain what breaks and why it breaks, then hand you three prioritised proposals with the reasoning behind each. Written to be read by your team, your investors and your counsel without a translation layer.
An overall score for the token economy, broken out across utility strength and economic health
Four pillars assessed in full: token purpose, value accrual, incentive alignment, and the policies governing supply, emissions, fees, staking and treasury
Net sell pressure modelled: unlocks and rewards measured against expected buy-side depth, with every vesting cliff mapped to the liquidity available on the day it lands
Valuation: fully diluted value and circulating market cap tested against comparable protocols
The second-order effects, where fixing one mechanism moves the pressure onto another
Prioritised proposals, each naming the mechanism it changes and the outcome it produces
Your economy as it stands today, set against where it lands with the proposals applied
Every number traced to its source, so your team can challenge it and defend it to investors and counsel.
Client examples
Tokenomics audit details
We’ve been doing this for years across all narratives, trends, and market conditions. Below are the details of what you can expect working with us.
01
What is tokenomics consulting?
02
How much does tokenomics design cost?
03
How much does tokenomics modelling cost?
04
How much does a tokenomics audit cost?
Frequently asked questions
01
Does my project need a dual-token or single-token system?
There is no one answer fits all, however, generally speaking dual-token economies make sense when there is need for a soft and hard currency.
02
How do you prevent "Death Spirals" in token economic design?
We prevent death spirals by anchoring the token to tangible utility and dynamically aligning emission rates with actual network growth, ensuring that value creation always outpaces token inflation.
03
Do I need MiCA-compliant tokenomics?
If you plan to offer your token to the public in the EU or list on EU-regulated venues, yes. MiCA ties your token's regulatory classification to its design, so the economy and the white paper have to be built to match the category you fall under: utility token, asset-referenced token, or e-money token. Get the design wrong and the classification, and the offering itself, is at risk.
04
How long does a tokenomics engagement take?
A standard design and modelling engagement runs 3 to 5 weeks. A single-token economy moves faster; a multi-token system with several interacting incentive loops takes longer, because each loop has to be modelled and stress-tested separately.
05
What is the difference between a tokenomics audit and a tokenomics design engagement?
A design engagement builds the token economy from scratch. An audit reviews one that already exists: we take the current design apart, model it under stress in Machinations, and hand back severity-ranked findings with fixes. Where the audit finds structural problems, the redesign work is scoped separately.
07
Can you audit a token that has already launched?
Yes. Post-launch audits are common: we review the live economy against real market data, identify where incentives or emissions are working against you, and return severity-ranked findings with fixes that can be applied without a relaunch.
08
What do I receive at the end of a tokenomics audit?
A severity-ranked findings document covering every issue we identify, the reasoning behind each, and a remediation plan setting out the fixes still open. Where modelling is involved, you also receive the stress-test outputs.
09
What is the difference between tokenomics design and modelling?
Design defines the economy: supply, distribution, vesting, utility, and value accrual. Modelling tests it; we build the economy in Machinations and stress it under different market and demand conditions to see where it breaks before launch. Design is the blueprint, modelling is the wind tunnel.
