What is Tokenomics in #web3?

Tokenomics is a term that combines the terms "Token" and "Economics" to describe how tokens are managed within a blockchain project to achieve goals.

The first blockchain provided the first example of tokenomics, which relied on the issuance rate and total supply of tokens.

Bitcoin incentivizes disparate and potentially adversarial parties to secure the network and uphold the protocol's core tenants through three token mechanics that, when combined, cause the price of BTC to rise over time.

1?? Proof-of-Work (Miners are compensated in bitcoin for solving puzzles required to add a block to the blockchain.)

2?? Block Reward (Every four years, bitcoin?rewards are cut in half, causing a supply shock that raises the price and draws more attention to the protocol.)

3?? A maximum supply (21 million tokens)

Creators are Shifting tokenomics for Web3 and DAOs and trying various methods.

#Web3 projects are experimenting with others as they organize people for more varied tasks and move from Proof-of-Work to Proof-of-Stake