RE: Steemit Crypto Academy Contest / S6W3 - Tokenomics in the Crypto Ecosystem.
You always deliver excellent articles dear friend, and this one is no different.
The purpose of tokenomics is to create an incentive structure that encourages certain behaviors and creates an attractive business model. This includes considering the supply of tokens, the distribution of tokens, the token’s use cases, the roles of users, and how the token is regulated.
Tokenomics will go a long way to give traders and investors full knowledge about the project and the progress it has made so far. After reading through the white paper, if what the project is said to accomplish within a period is not achieved then, investors or traders will judge if they are to continue with the project or not.
It’s important to consider what use cases the token will serve. Tokens with clear use cases are more attractive to investors, as they have a better idea of what they are investing in. For example, a stablecoin may be used to facilitate payments, while a utility token may provide access to a platform or service.
Thanks for sharing and goodluck in this contest.
Thanks for your valuable comment my friend.