How do you become a Tokenomics expert?
Tokenomics is one of the hottest a areas of web3. Linking data and utility to finance and money through a token is without doubt one of the biggest innovations web3 has brought to the table. This is one of the reasons why having a tokenomics expert as part of a web3 project is critical and probably why you’re interested in the topic!
In this article I want to cover the resources and steps that will set you along the way of becoming a Tokenomics expert:
- What makes a good tokenomics expert
- The core curriculum you’ll need to know
- Some best resources you can start exploring
What makes a good tokenomics expert?
Tokenomics is a topic that fuses many different sectors and bodies of information. It requires one to fuse these different topics into a coherent, complex adaptive system that works together with a specific business usecase. As such it requires to be a first principal thinker, with the capability to understand and grasp both the social sciences and mathematical models.
Last but not least, putting tokenomics into practice, together with the technical and business teams in a company, requires the ability to collaborate and communicate clearly. All in all, not the easiest of positions to do well!
What topics does a tokenomics expert need to know?
To quote from “The complete tokenomics course syllabus”:
“Tokenomics incorporates many, many, different domains. It’s a domain that tries to bridge technological systems, economic systems, human psychology and politics.”
So what goes into that syllabus? A lot:
- Blockchain and cryptography: smart contracts, consensus mechanisms.
- Political science: governance, human behaviour theory and philosophy.
- Game design & game theory
- Economics: modeling, supply and demand evaluation and econometrics.
- Finance: Opportunity cost, business evaluation, investing.
- Financial history: There’s (almost) nothing new under the sun. It’s good to know what’s worked and what’s failed in the past.
If these topics fascinate you and you think you’re the right combination of a multi disciplinarian interested in the humanities, mathematical modeling, programing and cryptography and product and project management — here are the resources to get you started!
Resources to become a tokenomics expert
If you’ve made it this far, here are some resources I recommend to get started:
- Designing Tokenomics email course: a 14 day free email course that walks through the reasons behind launching a token, understanding supply and demand and some key mistakes to avoid when you launch as well as how to evaluate projects.
- Nat Eliason’s DeFi newsletter covered Tokenomics 101 in several issues: supply, demand, issuance.
- Tokens but how: A podcast that tries to understand in depth, when you need a token and what benefit it really brings.
Each of these resources link to many other ones and should get you well on your way to becoming a tokenomics expert!
Yehoshua spent the last decade as an entrepreneur and investor. From managing Toyota Motors’s investment arm to founding Alpe Audio with the mission of enabling on-the-go learning worldwide, to leading tokenomics at both Revelator and OWN protocol, and hosting the Ethereum Audible Podcast. He is the builder of designing tokenomics, a complete tokenomics course and resource hub. Yosh is passionate about the web3 as it is at the intersection of economics, investing, tech, game design and behavioral psychology.
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