On Tokenomics

Jan 12, 2023 • 11 Min Read

Tokenomics (a portmanteau for token and economics) represents the monetary policy of tokens that directly contributes to their price fluctuations. In bull markets, tokenomics were given utmost priority, sometimes constituting full theses for investment decisions. When the euphoria wears off in the bear, however, founders and market participants are left realizing that tokenomics can delay a weak project’s demise, but cannot prevent it altogether.

The reality is that regardless of tokenomic design, projects need product-market f...

Unlock this article with a FREE 30-Day Trial!

An Fundstrat Pro, or Fundstrat Crypto subscription is required in order to access this content.

Fundstrat Direct footer logo

150 East 52nd St, 3rd Floor New York, NY 10022

SUBSCRIBE TO OUR FREE RESEARCH REPORTS

An institutional-grade report delivered to your inbox every week.

© 2026 Fundstrat Direct. All rights reserved.

Illustrations by Karl Wimer.