Tokenomics: Mastering the Art of Token Design
With the increased adoption of cryptocurrencies and the ensuing spill-over effects from the crypto universe into real-world use cases, understanding tokenomics has become of utmost importance. As such, this book will guide you through the key elements of tokenomics and help you understand not only design aspects but also equip you with best practices that will help you navigate the space of tokenomics with confidence. Tokenomics can be defined as the study of determining and evaluating the economic characteristics of a cryptographic token. The goal of the analysis would be to understand best how various incentives affect the supply and demand of a token and, ultimately, its price. Tokenomics as a concept is somewhat of an unsung hero among successful investors in that a good grasp of different design mechanics and the ensuing economic incentives (or disincentives) can truly help one evaluate the potential for value accrual for a given token. "This book provides a valuable resource for anyone looking to gain a deeper understanding of this rapidly evolving field" - Bill Qian, Cypher Capital