Notitia
Supply, demand and token utility.
Tokenomics is the economics of a token: total and circulating supply, emission schedule, inflation/deflation, allocation (team, investors, community) and demand mechanisms (fees, staking, burns).
Good design aligns incentives long-term; bad design (large unlocks, infinite supply) dilutes holders despite good technology.
A token trades at $0.50 with 200 million units circulating out of 1 billion in total. The rest unlocks over 4 years.
A small market cap can hide an FDV five times larger: every month, new tokens look for a buyer. A pro reads the unlock schedule before the chart.
Test your understanding with a quick interactive quiz.