B5
Economics
The VNA token, trust deposits, fee models, pricing an ecosystem.
In the tracks: Solutions Consultant.
This module is an outline: the objectives, sections and assessment are agreed; the material is being written by the Showcase and Certification Working Group.
Outline. The material of this module is being written by the Showcase and Certification Working Group. The objectives, outline and assessment below are the agreed scope for program version 2026.1.
4 class hours. Assessed by: exam.
Learning objectives
After this module you can:
- Explain the native coin, trust units and fiat pricing, and exchange rates.
- Compute fee flows and deposit growth along a participant tree for a given volume.
- Price an ecosystem: fees that cover costs, deposits participants can bear, zero-fee public-good schemas.
- Explain what the Foundation, the Council and the network each earn and spend.
Prerequisites
C2, C3.
Outline
1. Units
The native coin; trust units and the governance-owned exchange rate; fiat obligations; why deposits are always in the coin.
2. Flows
Beneficiaries along the tree; the deposit share; wallet and user-agent rewards; worked examples with the indexer's beneficiaries preview.
3. Pricing an ecosystem
Cost model; volume scenarios; sensitivity to coin price; when to price in TU or fiat.
4. Who earns what
Validators, ecosystems, issuers, wallets; the Foundation's role; what is not a revenue.
Assessment
Knowledge exam (sixty minutes, seventy percent) with calculation questions.
Reading list
VPR specification v4: Business models; Trust deposits; Exchange rates. docs.verana.io: Understand, Ecosystems, The business model; Build, Ecosystems, Design the fee model.