Tokenomics
The economic design of a token — supply, incentives, and value accrual.
Definition
Tokenomics covers emissions, unlocks, utility, fee switches, buybacks, and who gets paid. Strong products with weak token design still underperform for holders.
Why researchers care
- Ask whether the token must exist for the product to work.
- Map who is structurally paid to sell.
- Governance-only tokens often trade as narrative coupons.
Related terms
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