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Madhumitha Harishankar is a PhD Candidate in Carnegie Mellon University studying the application of network economics in wireless networks for resource sharing. She is advised by Prof. Patrick Tague and works closely with Prof. Carlee Joe-Wong. She also advises blockchain-based IoT service provider Nodle on token design and modeling. The equation of exchange (EoE) has become a popular approach for valuing medium of exchange crypto tokens. The EoE has been used to conclude that token velocity is bad for coin value.