Tokenomics is a kind of business plan for a crypto project (NFT collection). This is a balanced economic model of a token that takes into account the interests of all participants (investors, users and coin founders among others). We are here to help businesses develop their own tokenomics.Get a quote
In the context of the token economics service, token economics would involve the creation, distribution, and use of a specific token within the platform. This token could be used as a means of exchange for accessing and utilizing the services provided by the platform, as well as potentially serving as a store of value or unit of account.
Developing a working economic model. In the process of creating tokenomics, developers develop principles to govern its functioning—and then create smart contracts that operate according those rules.
Conducting a full audit of the tokenomics model, stress testing its processes and fixing any problems found.
The development of smart contracts is used to implement the tokenomic model for the project. This process involves writing code that governs the use of tokens within the platform.
Tokenomics of an NFT can impact its value, liquidity, and the overall health of the NFT market.
For instance, the tokenomics of an NFT collection may determine the supply and demand of the NFTs, as well as their rarity and scarcity. The wallet with a higher percentage can be eligible for NFTs with rarer attributes.
Additionally, the tokenomics of an NFT collection may also impact its liquidity, or the ease with which NFTs can be bought and sold. This can affect the ability of NFT holders to trade and profit from their collections.
Furthermore, the tokenomics of an NFT collection can also impact the overall health of the NFT market. For example, if an NFT collection has poor tokenomics, it may lead to market instability and volatility, which can harm the market as a whole.
Creating tokenomics requires the skills of such specialists as business model developers, mathematicians and macroeconomists—but most importantly it requires IT and blockchain experts.