Crypto in Plain English - by cryptohunt.it30 Elo 2022

What are Tokenomics? - Crypto in Plain English - Episode 240 - by cryptohunt.it

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English.

Tokenomics refer to the internal economics of a cryptocurrency or token.

You have to understand that each of those have very individual mechanics. There may or may not be an upper limit of coins, miners get a certain amount, rewards may be given to holders, or some coins might even be destroyed over time.

Tokenomics is a term that describes all of those dynamics and many investors believe that understanding them improves their decisions. Bitcoin, for example, has a supply maximum of 21 million Bitcoins, and some investors believe that this creates scarcity that will continue to push the price up. Others think it doesn’t matter.

So - in our opinion, it’s good to know each tokens Tokenomics, but at the end of that day that is just one way to look at things.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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