Team augmentation – why is it important for your business?

Paulina Lewandowska

07 Mar 2023
Team augmentation – why is it important for your business?

What is team augmentation?

The term "team augmentation" describes the technique of adding outside expertise to an organization's internal team in order to strengthen and support it. This external talent can consist of people or groups with specific abilities, know-how, or experience in a particular field, or it could entail contracting with outside partners to handle the entirety of projects or company operations. The purpose of team augmentation is to provide new viewpoints and access to specialized experience that may not be available inside the firm's existing team, all while assisting the organization in completing projects and achieving its goals more successfully and efficiently.

When is team augmentation a good idea?

A number of circumstances call for team augmentation. For firms that need to scale up rapidly or have few resources, it could be helpful because it enables them to access outside talent without making long-term employment or investment commitments. Companies that need to finish a specific project or activity that calls for specialized knowledge or abilities that their present team lacks might also benefit from team augmentation. Additionally, team augmentation can give a company access to fresh viewpoints and concepts that can support innovation and help it stay competitive in its field. In the end, team augmentation can be a smart move for any firm looking to use the knowledge of outside partners to help it reach its objectives more quickly and successfully.

When an organization needs to scale up quickly or has limited resources.

By using team augmentation, businesses may swiftly expand their teams with seasoned individuals without making long-term employment commitments or spending money on new resources. For instance, if a business unexpectedly secures a major project or client, they might not be able to finish the work with their current crew. They may swiftly and effectively build up their resources to meet the increasing demand by adding external talent to their team. 

When a particular project or activity need specialized knowledge or abilities that the current team does not have.

An organization may occasionally need to finish a task or project that calls for specific knowledge or abilities that their current team does not have. For instance, a business might need to develop a new software program or put in place a new technological platform, but its current staff might not be qualified to do so. In this situation, team augmentation can assist the business in bringing in outside professionals who can offer the necessary expertise and knowledge to finish the project effectively. 

When a company wants to access outside talent without making a long-term hiring or financial commitment.

A corporation may have to make a large time and financial investment in hiring full-time workers. Companies can acquire external talent through team augmentation without making long-term recruiting or investment commitments. Without the long-term commitment of recruiting full-time staff, businesses can connect with professionals for specialized projects or tasks by working with outside partners or freelancers, paying only for the job that is performed. This strategy can be especially helpful for smaller businesses or startups that might lack the funding to dedicate to full-time personnel.

When an organization seeks to innovate and remain competitive by bringing in fresh viewpoints and ideas.

Team augmentation can give businesses a useful chance to include fresh viewpoints and concepts from outside specialists. By introducing firms to fresh perspectives and methods of operation, this strategy can help them innovate and stay competitive in their sector. External partners might have expertise using various technologies, instruments, or strategies that the organization has not yet taken into consideration, which could result in innovations in product creation or service provision. 

When the current staff is overworked and requires more help to fulfill deadlines or finish projects.

Companies may discover that their current crew is overloaded and requires more assistance to meet deadlines or finish tasks. In this situation, team augmentation can offer extra resources to assist the current team in carrying out their work more quickly and effectively. By sharing some of the task with other parties, the current team members will experience less stress and burnout. 

When a company wishes to employ outside experts to lower the chance of project failure.

Organizations can reduce the risk of project failure by enlisting the help of external specialists. External partners may have previous experience working on related projects and can offer insightful information about potential risks and obstacles that the company may not have thought about. The likelihood of a project's success can be increased by using this strategy to help the organization detect and handle possible issues before they materialize.

Challenges of team augmentation

Team augmentation, which is bringing in outside professionals to support an organization's current team, can create a number of difficulties. They include effective communication, coordinating the efforts of internal and external teams, effectively transferring information, cultural fit, and responsibility. External team members must also be integrated into the existing team. Organizations can take a number of measures to reduce these difficulties, including establishing clear goals and expectations, good communication channels, regular training and feedback sessions, and making sure that everyone on the team is aware of the company's culture and values. Team augmentation can be an effective strategy for firms to enhance their current capabilities and provide positive results if done correctly.

Conclusion

Organizations can enhance their skills by bringing in outside specialists through team augmentation. It may result in more innovation, quicker time to market, and lower risk. Yet, it can also present difficulties, like incorporating outside team members and ensuring clear communication. Organizations must establish clear expectations, offer efficient means of communication, and guarantee accountability if they are to flourish. They can use the strength of outside expertise in this way to realize their strategic objectives.

If you would like to find out more about how team augumentation from Nextrope can support the development of your project, click here!

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Aethir Tokenomics – Case Study

Kajetan Olas

22 Nov 2024
Aethir Tokenomics – Case Study

Authors of the contents are not affiliated to the reviewed project in any way and none of the information presented should be taken as financial advice.

In this article we analyze tokenomics of Aethir - a project providing on-demand cloud compute resources for the AI, Gaming, and virtualized compute sectors.
Aethir aims to aggregate enterprise-grade GPUs from multiple providers into a DePIN (Decentralized Physical Infrastructure Network). Its competitive edge comes from utlizing the GPUs for very specific use-cases, such as low-latency rendering for online games.
Due to decentralized nature of its infrastructure Aethir can meet the demands of online-gaming in any region. This is especially important for some gamer-abundant regions in Asia with underdeveloped cloud infrastructure that causes high latency ("lags").
We will analyze Aethir's tokenomics, give our opinion on what was done well, and provide specific recommendations on how to improve it.

Evaluation Summary

Aethir Tokenomics Structure

The total supply of ATH tokens is capped at 42 billion ATH. This fixed cap provides a predictable supply environment, and the complete emissions schedule is listed here. As of November 2024 there are approximately 5.2 Billion ATH in circulation. In a year from now (November 2025), the circulating supply will almost triple, and will amount to approximately 15 Billion ATH. By November 2028, today's circulating supply will be diluted by around 86%.

From an investor standpoint the rational decision would be to stake their tokens and hope for rewards that will balance the inflation. Currently the estimated APR for 3-year staking is 195% and for 4-year staking APR is 261%. The rewards are paid out weekly. Furthermore, stakers can expect to get additional rewards from partnered AI projects.

Staking Incentives

Rewards are calculated based on the staking duration and staked amount. These factors are equally important and they linearly influence weekly rewards. This means that someone who stakes 100 ATH for 2 weeks will have the same weekly rewards as someone who stakes 200 ATH for 1 week. This mechanism greatly emphasizes long-term holding. That's because holding a token makes sense only if you go for long-term staking. E.g. a whale staking $200k with 1 week lockup. will have the same weekly rewards as person staking $1k with 4 year lockup. Furthermore the ATH staking rewards are fixed and divided among stakers. Therefore Increase of user base is likely to come with decrease in rewards.
We believe the main weak-point of Aethirs staking is the lack of equivalency between rewards paid out to the users and value generated for the protocol as a result of staking.

Token Distribution

The token distribution of $ATH is well designed and comes with long vesting time-frames. 18-month cliff and 36-moths subsequent linear vesting is applied to team's allocation. This is higher than industry standard and is a sign of long-term commitment.

  • Checkers and Compute Providers: 50%
  • Ecosystem: 15%
  • Team: 12.5%
  • Investors: 11.5%
  • Airdrop: 6%
  • Advisors: 5%

Aethir's airdrop is divided into 3 phases to ensure that only loyal users get rewarded. This mechanism is very-well thought and we rate it highly. It fosters high community engagement within the first months of the project and sets the ground for potentially giving more-control to the DAO.

Governance and Community-Led Development

Aethir’s governance model promotes community-led decision-making in a very practical way. Instead of rushing with creation of a DAO for PR and marketing purposes Aethir is trying to make it the right way. They support projects building on their infrastructure and regularly share updates with their community in the most professional manner.

We believe Aethir would benefit from implementing reputation boosted voting. An example of such system is described here. The core assumption is to abandon the simplistic: 1 token = 1 vote and go towards: Votes = tokens * reputation_based_multiplication_factor.

In the attached example, reputation_based_multiplication_factor rises exponentially with the number of standard deviations above norm, with regard to user's rating. For compute compute providers at Aethir, user's rating could be replaced by provider's uptime.

Perspectives for the future

While it's important to analyze aspects such as supply-side tokenomics, or governance, we must keep in mind that 95% of project's success depends on demand-side. In this regard the outlook for Aethir may be very bright. The project declares $36M annual reccuring revenue. Revenue like this is very rare in the web3 space. Many projects are not able to generate any revenue after succesfull ICO event, due to lack fo product-market-fit.

If you're looking to create a robust tokenomics model and go through institutional-grade testing please reach out to contact@nextrope.com. Our team is ready to help you with the token engineering process and ensure your project’s resilience in the long term.

Nextrope Partners with Hacken to Enhance Blockchain Security

Miłosz

21 Nov 2024
Nextrope Partners with Hacken to Enhance Blockchain Security

Nextrope announces a strategic partnership with Hacken, a renowned blockchain security auditor. It marks a significant step in delivering reliable decentralized solutions. After several successful collaborations resulting in flawless smart contract audits, the alliance solidifies the synergy between Nextrope's innovative blockchain development and Hacken's top-tier security auditing services. Together, we aim to set new benchmarks, ensuring that security is an integral part of blockchain technology.

Strengthening Blockchain Security

The partnership aims to fortify the security protocols within blockchain ecosystems. By integrating Hacken's comprehensive security audits with Nextrope's cutting-edge blockchain solutions, we are poised to offer unparalleled security features in our projects.

"Blockchain security should never be an afterthought"

"Our partnership with Hacken underscores our dedication to embedding security at the core of our blockchain solutions. Together, we're building a safer future for the industry."

said Mateusz Mach, CEO of Nextrope

About Nextrope

Nextrope is a forward-thinking blockchain development house specializing in creating innovative solutions for businesses worldwide. With a team of experienced developers and blockchain experts, Nextrope delivers high-quality, scalable, and secure blockchain applications tailored to meet the unique needs of each client.

About Hacken

Hacken is a leading blockchain security auditor known for its rigorous smart contract audits and security assessments. With a mission to make the industry safer, Hacken provides complex security services that help companies identify and mitigate vulnerabilities in their applications.

Looking Ahead

As a joint mission, both Nextrope and Hacken are committed to continuous innovation. We look forward to the exciting opportunities this partnership will bring and are eager to implement a more secure blockchain environment for all.

For more information, please contact:

Nextrope

Hacken

Join us on our journey to deliver top-notch blockchain tech and a safer future for the industry!