What is Tokenomics?
Tokenomics is defined as “the practice of designing the economics of a crypto token so that users/holders of tokens can get the value associated with these tokens.”
Tokenomics has become the backbone of almost all the Web3 and blockchain projects because these projects need an economic value to their tokens to survive and thrive. Tokenomics therefore, is the process that helps a project to identify the way it can transfer the economic value of a token to its holder.