Design and Evaluation of CryptoKen: A Tokenomics- driven Ethereum Cryptocurrency with Governance and Interoperability Features

Research Hypothesis:
Traditional blockchain governance models give disproportionate power to large token holders, leading to plutocracy and low participation. We hypothesized that integrating quadratic voting into tokenomics can make decentralized decision-making fairer and more inclusive.

Data and Methodology:
We developed and deployed CryptoKen, an ERC-20 governance token on the Ethereum network, written in Solidity ^0.8.20. The data was collected through automated unit, integration, and fuzz tests, gas consumption benchmarks, and User Acceptance Testing (UAT) involving 22 participants.

Findings:

Achieved 92% code coverage and zero critical vulnerabilities.

Median System Usability Scale score: 82.5 (IQR 75–87.5).

Gas usage for quadratic voting averaged 87,500 gas per vote, confirming computational feasibility.

Interpretation:
The results validate that quadratic voting can balance fairness and technical efficiency in on-chain governance, reducing wealth dominance without compromising usability or security.