RE: Steemit Crypto Academy Contest / S6W3 - Tokenomics in the Crypto Ecosystem

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Steemit Crypto Academy Contest / S6W3 - Tokenomics in the Crypto Ecosystem

in hive-108451 •  2 years ago 

I must commend that you have done well in attempting all the questions and sharing your opinions on the concept of tokenomics.
The way in which tokens are distributed will have a direct impact on the value of the tokens and the security of the overall system. For example, if a large portion of the tokens are given away to early investors, then the remaining tokens will have less value and security as they become harder to acquire.

Tokenomics can also determine the future yield of the token before investors consider investing in it

Tokenomics is an important concept to understand in order to ensure that token-based projects are successful and sustainable. By taking into account all of these elements, developers and investors can create a system that rewards participants and encourages long-term growth.

Thanks for sharing friend, and goodluck in this contest. #steem-on.

I will appreciate if you equally engage on Mine

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Thanks very much @preye2. what you said is very true. Thanks for engaging with me