Tokenomics
Tokenomics is the economic design of a token: supply, issuance, distribution, utility and incentives.
In depth
Key questions include who received tokens at launch and on what schedule, how new tokens are created, what the token is needed for, and whether any mechanism removes tokens from supply. Good tokenomics align holders, users and builders; bad tokenomics quietly transfer value from late buyers to insiders.
Why it matters
Reading the tokenomics is the closest thing crypto has to reading a balance sheet.