The economic design of a crypto-asset, including supply schedule, distribution, utility, and incentive mechanics.
Tokenomics combines token supply (fixed, inflationary, deflationary), distribution (team, investors, treasury, community, public sale), utility (governance, fees, access, staking), and incentive design (emissions, lockups, vesting, slashing). From a legal perspective, tokenomics drives MiCA classification (utility, ART, EMT, or other), securities-law analysis (Howey, EU prospectus), and tax characterisation across jurisdictions.
EU Markets in Crypto-Assets Regulation governing crypto-asset service providers and stablecoin issuers across the European Union.
Crypto-asset designed to maintain a stable value by referencing a fiat currency, asset, or basket of assets.
Decentralised Autonomous Organisation, a blockchain-based entity governed by smart contracts and token-holder voting.