Crypto Tokenomics 101: Everything You Need to Know 2023

Grant and 563 are back again, this time discussing their thought process when thinking about tokenomics, and token design and how this affects their decision when making an investment in specific crypto projects.

In the early days, there was Bitcoin. Then came Ethereum and ETH which enabled a wave of new altcoins in DeFi to experiment with inventive ways to reduce volatility and increase user incentives.

In this episode, we will cover the following:

Tokenomics is the study of the economic factors that influence the value of a cryptocurrency token. It is a combination of the words "token" and "economics". Tokenomics takes into account a variety of factors, including:

Token supply and distribution: How many tokens are in circulation, how they were distributed, and how they can be obtained.

Token utility: What can the token be used for? Is it used to access goods or services within the project's ecosystem, or is it simply a speculative asset?

Token burning: Does the project have a token-burning mechanism in place? This can help to reduce the supply of tokens and increase their value.

Staking and other rewards: Does the project offer rewards for holders of its token? Staking and other rewards can incentivize people to hold tokens for the long term, which can help to support the token's price.

Hosts -

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  / 563defi  

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On this channel, we will talk about Bitcoin, Ethereum, BTC, ETH and many altcoins including Arbitrum ARB, Solana SOL, Avalanche AVAX, Optimism OP tokens etc. We will discuss how to get your hands on the latest crypto airdrops, yield farming strategies, new DeFi projects and much more crypto news.

Timestamps:
00:00 Disclaimer
00:50 Introductions
01:30 How tokens have evolved
03:50 History of Tokens in DeFi
12:00 the veToken model
21:00 esToken model
31:00 oTokens and Options Tokens
39:30 Token rewards and buybacks
46:00 Buy and Sell taxes on tokens
51:00 Rage quit staking tokens
54:00 Locking tokens for extended periods of time


Disclaimer:

The information presented on the Blocmates podcast is for educational and entertainment purposes only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. You understand that you are using any and all Information available on or through this podcast at your own risk.

Cryptocurrency is a highly volatile and risky investment. You should only invest money that you can afford to lose. Before investing in cryptocurrency, you should do your own research and understand the risks involved. You should also consult with a financial advisor to get personalized advice on whether cryptocurrency is right for you."

Note: This is simply for entertainment purposes. Nothing in this video is financial advice as we are simply commenting on what is going on in the markets and the world. Do your own research