Crypto tokens can either be generated as fungible (divisible and non-unique; think Bitcoin) and non-fungible (unique and non-divisible; think art in the form of NFT) tokens
We analyzed 10 successful Web3 projects and assessed the average Token Distribution. We analyzed Ape Coin (BAYC), Avalanche, Flow, Solana, Axie Infinity, Sandbox, Decentraland, Fantom, Genopets and Perpetual Finance.
Tokonomics is a broad topic and is still in its infancy because of the rapid developments in Web3 and blockchain industry. We have established the following 4-step approach to design better Tokonomics for any blockchain venture.
Tokonomics is a broad topic and Creating a vibrant and connected Community is foundational for crypto/web3 projects. Why? These projects are built on top of blockchains. Inherent in blockchains is ownership. Network effects are enabled when a large community “owns” a project, this in turn drives success
When all these factors are put together, the flywheel spins, creating trust, a sense of ownership and followership allowing brands to reap long-term benefits.
A well planned-out strategy is the one you want to take, so check out our Tokenomics blog to understand the fundamentals or get in touch with our Hypermode Crypto Consultants to take your community to the next level.