<<< Want to order custom tokenomics for your web3 project? BOOK A CONSULTANCY >>>
When thinking about the token launch, many teams and token creators underappreciate the importance of a critical aspect of every blockchain project — token design.
No matter which chain and technology you use to create a token, it can be doomed to failure without properly designed token economics.
This article aims to explain the basics of the token design process, and it will serve equally well if you want to launch an ICO or have an existing product/concept/idea and want to integrate a token into it.
Crypto Tokenomics
Creating a token and building a product around it is a task that will require flexing your mental muscles.
First, you have to understand the basics of the common token properties and the ones shared by your token.
Token Properties For Your ICO
In the blockchain world, there are many different types of tokens for various purposes and use cases. For example, there are Layer 1 and…