RE: Steemit Crypto Academy Contest / S6W3 - Tokenomics in the Crypto Ecosystem
You have explained this post in a very beautiful and impressive way. I really like the way you expressed the ideas about the Tokenomics.
Tokenomics is very important when we are going to invest our money in that particular token. Without the study of the token background, the trade done is considered as the blind trade and there are high risks that are associated with these trades.
Tokenomics can help investors and traders accurately predict the direction of a token's price. With this knowledge, they can make more informed decisions when trading or investing in a given asset.
I totally agree with you here. The components of the Tokenomics, when managed well, help the traders to take good returns of their trades.
Yes, burning of the tokens is another important way to improve the growth of a token. When a token is in excess of supply, it became worthless so the supply can be lowered to improve its value.
Thanks a lot for sharing your Quality post with us and wishing you a very good luck for the contest.
Inspiring and motivating remark my friend, I am really ad you found this article interesting.
Totally agree with your point friend. Thanks for your time and support here, I really appreciate ❤️:-)
Welcome dear 🤗