Base layer blockchains (called Layer 1 blockchains) have coins to be used for services into their ecosystem. The Ethereum blockchain has its own cryptocurrency (or coin) called ETH. These base layer blockchains provide a foundation on top of which applications can be built by anyone. These applications can issue their own token – so think of tokens as a unit of value for a business that exists on a blockchain.
Want to grow Crypto business by 6,667%? Too good to be true? But its happening and a well thought Tokenomics strategy can help to make it real. This is what the blog post is all about … from 101 to use cases to how to rollout a successful token in the Web3 ecosystem.