Tokenomics
A token's economic design — supply, emissions, unlocks, utility, value capture — the spreadsheet under the story.
Tokenomics is the economic architecture of a token: total and circulating supply, emission schedule, allocation split (team/investors/community), vesting cliffs, utility (what the token is required for), and value capture (do fees or burns actually accrue to holders?).
Most token failures are tokenomic, not technical: emissions outrunning demand, insider unlocks meeting thin liquidity, “governance” utility that justifies no cash flow. A 30-minute read of the docs answers the killer questions — who gets tokens for free, when can they sell, and why must anyone ever buy? Compare market cap vs FDV on our coin pages as step one.