Understanding Tokenomics: The Real Value Of A Token

The structure of tokens can be classified into:Layer 1 TokensThese types of tokens are native to a particular blockchain and are used to power all of the services in the blockchain. The BNB on Binance Chain is an example of the Layer I token in cryptocurrencies. Ether or ETH on the Ethereum network is another well-known example of a Layer 1 token i... See more

The Significance Of Value In Token EconomicsThe world we see around us is driven by incentives. A child, for example, attends school because it will provide them with the opportunity to earn an education that will benefit them in the future.

 People adhere to their dentist’s recommendations to maintain dental hygiene and minimize the risk of any dental problems.

Fungible TokensThese tokens are recognized for having the same value as well as a replication facility. The scenario of ETH (Ether) on Ethereum is a perfect example of the fungible token. ETH tokens’ value is the same, and they can replace each other since their value is the same.Non-Fungible TokensNon-fungible tokens (NFTs) do not share the same v... See more