Equation 7 · The Unit Economics of a Token
What does this equation mean?
Read the formula alongside the article passage below. Each part has a deeper page with its role in the equation, the supporting passage and nearby citations.
This mathematical expression combines the displayed quantities; its precise role follows from the surrounding article text. Read the equation part by part below; each part has a contextual explanation and a link to its mathematical background.
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Symbol p
p is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
How to interpret it
Read this expression with the definitions, units, and assumptions supplied by the article.
What the article says around this equation
where n , w , r , y and z are the five counts in that order and each p is the corresponding published rate. The important feature is the last term: visible output and reasoning share one price, and the reasoning count is the only one of the five you cannot recover by inspecting what came back.
Sources cited in the article section
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