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You're reading from  The Essential Guide to Web3

Product typeBook
Published inNov 2023
PublisherPackt
ISBN-139781801813471
Edition1st Edition
Concepts
Blockchain
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Author (1)
Vijay Krishnan
Vijay Krishnan
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Vijay Krishnan

Vijay Krishnan, an experienced expert in blockchain and Web3, holds the position of head of SysOps for Linea, a Layer 2 blockchain at Consensys. With a rich background in blockchain, he's guided Fortune 100 companies from ideation to product build. With over 50 projects and 300+ use cases to his credit, Vijay has left an indelible mark on the industry. Prior to Consensys, he pioneered the AWS Partner Blockchain ecosystem and led IBM North America's Blockchain Practice. With two decades on Wall Street, he possesses deep financial and tech insights. Vijay, a leader and subject matter expert, empowers clients in DeFi, NFTs, gaming, and the metaverse. Beyond work, he's a mentor, speaker, author, and organic farmer. His knowledge and innovation continue to shape the blockchain and Web3 landscape.
Read more about Vijay Krishnan

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What is tokenomics?

Token economics, also known as tokenomics, is a concept in the field of cryptocurrencies and blockchain technology that refers to the study and design of economic systems that govern the creation, distribution, and management of digital tokens within a decentralized ecosystem. Token economics aims to create a well-balanced, sustainable, and incentivized structure for participants in a blockchain network or a decentralized application (dApp).

Some of the key aspects of token economics are as follows:

  • Token supply: The total number of tokens that can ever exist and the schedule for their creation, such as fixed supply, inflationary, or deflationary models
  • Token distribution: The process and methods by which tokens are allocated to different stakeholders in the ecosystem, such as initial coin offerings (ICOs), token sales, airdrops, mining, or staking rewards
  • Token utility: The various use cases and functionalities of the token within the ecosystem...
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The Essential Guide to Web3
Published in: Nov 2023Publisher: PacktISBN-13: 9781801813471
© 2023 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Vijay Krishnan

Vijay Krishnan, an experienced expert in blockchain and Web3, holds the position of head of SysOps for Linea, a Layer 2 blockchain at Consensys. With a rich background in blockchain, he's guided Fortune 100 companies from ideation to product build. With over 50 projects and 300+ use cases to his credit, Vijay has left an indelible mark on the industry. Prior to Consensys, he pioneered the AWS Partner Blockchain ecosystem and led IBM North America's Blockchain Practice. With two decades on Wall Street, he possesses deep financial and tech insights. Vijay, a leader and subject matter expert, empowers clients in DeFi, NFTs, gaming, and the metaverse. Beyond work, he's a mentor, speaker, author, and organic farmer. His knowledge and innovation continue to shape the blockchain and Web3 landscape.
Read more about Vijay Krishnan

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