jargon (@jargon) • Hey
jargon (@jargon) • Hey
Publications
- gm everyone
- gm everyone
- gm Lensters, just returned from holidays. Whats cooking
- Is anyone of you in the Canary Islands?
Don't miss the first #Web3 Conference in Tenerife on April 15 if you're in #CanaryIslands! Join @web3concanarias.lens for talks, workshops, and panels from global leaders in blockchain innovation, entrepreneurship, and more.Get your tickets before they're gone! Made by @join.lens_wim3
- Wondering if i should get a Milady
- Trying out some chat GPT 3.5 since i took a premium membership. Kinda enjoy it, any recommendaitons?
- gm lens frens 👋
Today I have made an important decision in my life 📢
I quit my job today and going to focus full-time on maintaining the first-ever open-source frontend @lenster.lens 🌸 powered by @lensprotocol 🌿.
Building social media was my dream since 10th grade, I built more than 4 social media in public but all failed, Lenster is my 5th one and it’s going crazy ⚡️.
I believe building in public is key 🔑 to the success of a product.
We have a lot of items queued up in the roadmap, be excited about it 🕺
**Collect this post for 2 WMATIC and support Lenster’s development 🙏**
- Understanding Crypto Tokenomics: A Comprehensive Overview on Supply, Demand, and Incentives :
What is Tokenomics?
Crypto tokenomics refers to the economics and mechanisms behind the creation, distribution, and use of cryptoassets and tokens. It includes factors such as supply and demand, token utility, and network effects that can affect the value and adoption of a cryptocurrency.
Evaluating through Supply, Demand, and Incentives:
Supply refers to the number of tokens that exist, and how they are distributed. For example, if a token has a limited supply, it may be more valuable than a token with an unlimited supply. Additionally, how tokens are distributed can also impact their value. Tokens that are widely distributed may have a lower value than tokens that are more concentrated in the hands of a few individuals.
Demand refers to the desire for the token. A high demand for a token can increase its value, while a low demand can decrease its value. Factors that can influence demand include the token's utility, its use case, and its perceived value.
Incentives refer to the mechanisms that encourage individuals to hold or use the token. For example, a token that offers staking rewards may incentivize individuals to hold onto the token, while a token that offers discounts on a particular product may incentivize individuals to use the token.
Here are some examples of tokenomics in action:
Bitcoin: Bitcoin has a limited supply of 21 million coins, which is slowly released through mining rewards. This limited supply, combined with the high demand for the token, has made Bitcoin a valuable asset.
Ethereum: Ethereum has a dual token system, with ETH used as the primary currency and other tokens created on the Ethereum blockchain. ETH is used to pay for transaction fees and is also used as collateral for decentralized finance (DeFi) applications.
Uniswap: Uniswap is a decentralized exchange that uses its own token, UNI, as a governance token. UNI holders have the power to propose and vote on changes to the Uniswap protocol.
Free Tokenomics Checklist:
If you're interested in evaluating the tokenomics of a cryptocurrency, here's a free tokenomics checklist you can use:
1. Supply: How many tokens are in circulation? Is the supply limited or unlimited?
2. Distribution: How are the tokens distributed? Are they widely distributed or concentrated in the hands of a few individuals?
3. Utility: What is the token's use case? Does it have a specific utility or function?
4. Demand: Is there a high demand for the token? What factors influence the token's demand?
5. Incentives: What incentives are in place to encourage individuals to hold or use the token? Are there any staking rewards, discounts, or other incentives?
By considering these factors, you can better understand the tokenomics of a cryptocurrency and make informed investment decisions.
- Heya,
i'm looking for great trading tools to further enhance my capabilities. Any recommendations?