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

in SteemitCryptoAcademy2 years ago

I commend your zeal and effort dear friend, you gave done well. The concept you discussed is very broad. Basically, it is the token economics, which refers to the use of digital tokens to represent value and power within a given system. Tokens are created and distributed by a project's developers in order to incentivize and reward users for participating in their network.

As more companies adopt this business model, there will be greater opportunity for individuals to get involved and potentially make money from trading tokens.

Thanks for sharing sir.

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