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Beyond Dawlish

Auroragrace224
Auroragrace224
07 May 2024 13:07

Creating a balanced tokenomics model involves understanding the utility and distribution of your cryptocurrency. Start by defining your token's purpose and how it will be used within your ecosystem. Determine the total supply and distribution strategy, allocating tokens for founders, developers, and community incentives. Consider implementing mechanisms like token burns or staking to manage inflation. Build in utility through use cases like governance, DeFi, or NFT applications to increase demand. Transparency and clear communication with stakeholders are key to maintaining trust in your tokenomics model.

source: https://www.blockchainappfactory.com/cryptocurrency-development

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