Introduction to Tokenomics

Tokenomics is the design of a token's supply, distribution, and incentives. A token can align users with a protocol, fund security, or collapse under misaligned emissions. Good tokenomics matches mechanics to real utility — not hype slides.

Unlock cliffs, hidden mints, and mercenary liquidity destroy value faster than smart contract bugs. Understanding supply dynamics is how you avoid buying into a pretty chart with an ugly cap table.

This course covers supply design, vesting, emissions, governance, market structure, red flags, case studies, and where token design is heading.