What is Tokenomics?
Tokenomics is a type of business plan for a cryptocurrency (token). It is a balanced economic model for the token that takes into account the interests of all participants (investors, users, founders of the coin, developers, etc.).
The process of developing Tokenomics is the process of finding the economic meaning of the token. The demand for the token by different groups of people determines its liquidity, value, and popularity.
Tokenomics is a document that describes the economic value of the token, its functioning, as well as ways to increase the value of the token. The economic model of the token is based on a business model that has a mathematical representation and has been tested for applicability and internal consistency.
The development of Tokenomics is closely related to the vision of the business goals of the founders of the tokens and/or cryptocurrency.
Creating Tokenomics is essential in the earliest stages of a project to identify business problems and avoid negative consequences. Tokenomics is a part of the whitepaper, but it can also be a separate document.
Strategic investors always scrutinize Tokenomics and often double-check the calculations and economic model of the token. To develop Tokenomics, knowledge of macro and microeconomics is necessary, as well as technical expertise in cryptocurrencies, blockchain technology, and smart contracts.
We have been creating Tokenomics since the end of 2017. We have completed projects entirely with our specialists and also participated in projects as external consultants.
To engage in working on your project, please send us its description. For starters, a simple description in your own words (even a voice message is acceptable) will suffice. However, be sure to include the following information:
- The essence of the project
- Existing competitors
- How and on what the project will make money
- Forecasted annual revenue from the project
- Planned project creation time and MVP
- Initial investment required
Please email us or contact us on Telegram (@AndrewGolubev), and we will discuss your project and respond with further steps.
The price depends on many factors, so we make the final calculation after studying your project. In simple cases, the cost of tokenomics starts at $1300.
There are cases where your business idea is not fully formed or well-calculated, and there are a number of unresolved issues or doubts about the best course of action. In such cases, we use joint strategic sessions where, based on our recommendations, you can quickly bring the project to the final phase. The cost of such sessions usually starts from $1000 per month.