Tokenomics: The Science of Token Design

Understand how tokens capture and distribute value. Supply mechanics, vesting, burn mechanisms, real yield, game-theory concepts, and a practitioner-grade framework for evaluating tokenomics documents.

4 lessons · 45 min · expert

1. 1Supply Dynamics & Value AccrualHow token supply mechanics affect price and utility.3 min
2. 2Game Theory in CryptoHow protocols use incentives to coordinate behavior among strangers — Nash equilibria in PoW, slashing in PoS, Schelling points, and famous case studies.2 min
3. 3Real-World Tokenomics Case StudiesTokenomics is theoretical until you see it in practice. A close look at the supply mechanics, value-accrual designs, successes, and failures of major tokens: Bitcoin, Ethereum, BNB, Curve veCRV, Velodrome ve(3,3), Olympus DAO, Terra/LUNA, GMX real yield, and the impact of token unlocks.15 min
4. 4Reading a Tokenomics Document Like a ProA practitioner-grade framework for evaluating any project's tokenomics: total vs circulating supply, FDV ratios, vesting cliffs, allocation analysis, red flags, real-yield ratio, and a worked Bitcoin vs typical L1 contrast.25 min

Educational only — not financial advice.