What is Token Economics?

Our friends at Wiki define a token economy as behavioral modification through systematic reinforcement, which loosely means you do the right thing - you get a ‘token’ prize.  A token is simply an asset that can be exchanged for something else of value - material or immaterial.  

In the Blockchain & Cryptocurrency industry, we refer to tokens as digital assets within an ecosystem.  Tokens are used in relation to blockchain applications & platforms, and can be programmed for specific use-cases to attain desired goals.  Smart contracts govern how tokens are deployed; hence the term, ‘Programmable Money’ was born.

Economic systems based on blockchain technology are researched, designed, and implemented - and the applications inherently follow unique economic models utilizing cryptocurrencies…this, in a nutshell, is  what we call “Token Economics”.