Tokenomics
About this publication
Dmitry Kotov publishes an expert article on VC.ru — Russia's largest startup and venture capital platform — explaining the fundamentals of tokenomics. The piece covers token design principles, economic models for crypto projects, and practical frameworks for evaluating token utility and value.
Dmitry Kotov's role
Dmitry Kotov demonstrates deep expertise in blockchain economics by authoring educational content for the VC.ru community, one of the most influential Russian-language platforms for tech entrepreneurs and investors.
Background
VC.ru is the largest Russian-language platform for startup founders and investors, and its expert-authored posts function as a working reference for its community. This piece is an explainer on tokenomics, published in May 2022 — weeks after the Terra collapse had made the subject urgent.
Tokenomics is the design of a token's supply, distribution, and incentives: how many exist, who receives them and on what schedule, what holding one entitles you to, and what forces the price to reflect any of that. Most failed crypto projects failed here rather than in their engineering — a token with no source of demand beyond speculation, unlock schedules that let insiders exit into retail buying, or a yield paid in newly minted supply. Reading a token's design before its marketing is the whole of the discipline.
Originally published on vc.ru in Russian.
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