Tokens and Tokenomics

Abstract

This chapter is the first chapter of the section focused on the role of blockchain tokens in startup finance. The chapter is designed to lay the groundwork for understanding tokens and tokenomics. The chapter starts with basic token concepts such as defining tokens and classification of tokens (e.g. security vs. utility tokens, fungible vs. non-fungible tokens). Then, we discuss the roles tokens play on Web3 platforms. We conclude the chapter with a discussion of tokenomics and a case study.